[CA/News] May 14, 2020 Headlines

MAY 14, 2020
GI TAGS Geographical Indications Registry headquartered in Chennai (Tamil Nadu) has granted Geographical Indication (GI) tag for 2 new products. They are Jharkhand’s Sohrai Khovar painting (a traditional and ritualistic mural art), and Telangana’s Telia Rumal cloth (an intricate handmade work with cotton loom). [Click for More Details...] global energy transition index 2020 According to the World Economic Forum (WEF)’s global Energy Transition Index (ETI) 2020, India has moved up two places from rank 76th(2019) to 74th with a score of  51.5%.  Sweden (74.2%) topped for the 3rd consecutive time followed by Switzerland (73.4%) and Finland (72.4%).The index is a composite score of 40 indicators, benchmarks 115 countries on the current performance of their energy system, and readiness for transition to a secure, sustainable, affordable, and inclusive future energy system. SUNDARAM VENTAGO The TVS group, the Sundaram Medical Foundation, IIT (Indian Institute of Technology)- Madras, have jointly developed a low-cost, automated respiratory assistance device called “Sundaram Ventago” that will be useful in remote and rural areas where ventilator facilities are not available and would have a great impact of post COVID-19. hope Chief Minister of Uttarakhand, Mr. Trivendra Singh Rawat launched ‘HOPE’- Helping Out People Everywhere a portal to create employment opportunities for the youths in their expertise and to provide skill development opportunities. The portal HOPE will be used to collect the data on the youths of the state who are staying in as well as the recently returned migrant youths. This platform will help the unemployed youths in job hunting and skill development and the database will help the employers to find the suitable candidates for their requirements. un cut down india’s growth rate he UN slashed India's projected growth rate to 1.2 per cent in 2020 and forecast that the global economy will contract sharply by 3.2 per cent as the COVID-19 pandemic paralyses the world, sharply restricting economic activities, increasing uncertainties and unleashing a recession unseen since the Great Depression of the 1930s. ********************************* COVID - 19 in India About 56.09% COVID - 19 patients in India are from just 3 States (Maharashtra, Gujarat & Tamil Nadu) *********************************	jal jeevan mission The Jal Jeevan Mission aims to provide drinking water to every household. It aims to provide tap connections to every rural household.  With the COVID-19 crisis at its peak, the central government is to implement the mission based on priority basis. The Central Government has advised the state governments to take up the mission to achieve twin objectives. This includes providing tap water connections to every rural household and also to create job opportunities to local people and migrants. Based on these orders, the Jammu and Kashmir administration and Haryana Government have framed a plan to implement the mission by 2022 best airport in the world The Kempegowda International Airport (KIA) in Bengaluru (Karnataka) has won the SKYTRAX Award 2020 for Best Regional Airport in India and Central Asia. It ranks 68th in World’s Top 100 Airports 2020 list, which was topped by Singapore Changi Airport. Next to Singapore's Changi Airport, Tokyo's Haneda Airport and Qatar's Hamad Airport was ranked as 2nd and 3rd best airports in th world. This was 3rd time the KIA got this honor in last 4 years and Changi Airport is voted the World’s Best Airport for the eighth consecutive year. new definition for msme The Government of India has changed the definition of MSMEs. The new definition has increased the investment limit upwards. Previously, an enterprise with investment up to Rs 25 lakh was called a micro unit. Under the new definition, a firm upto investment of Rs 1 crore is to be called Micro unit, of Rs 10 crore is to be called as small unit and investment greater than Rs 20 crore will be called as medium unit. Also, earlier, only investment was used to define MSMEs. With the changed definition both investment and turn over is used to define MSMEs. Under the new definition a firm with turn over of Rs 5 crore is to be called a micro unit, of Rs 50 crore will be called as small unit and turn over greater than Rs 100 core is to be called as Medium unit. It is to be noted that for an enterprise to come under the category of MSME it has to fulfill both investment and turn over conditions. Also, under the new definition, the differentiation between the manufacturing and service based MSMEs are being removed. {MSMEs:- Micro, Small & Medium Enterprises} [Click for More Details...] ********************************* COVID - 19 in Tamil Nadu About 66.86% of COVID - 19 patients in the State are from just 3 Districts (Chennai, Thriuvallur & Chengalpattu) *********************************
Prepared by K. M. Senthil Kumar