Daily Current Affairs for UPSC Civil Services Exam – 23 February 2021

Daily Current Affairs for UPSC Civil Services Exam – 23 February 2021

In Today’s News:

  1. SFURTI clusters inaugurated in 18 states.
  2. Central Electricity Regulatory Commission(CERC).

1. SFURTI clusters inaugurated in 18 states

News Summary

Union Minister for MSME & Road Transport & Highways, Shri Nitin Gadkari inaugurated 50 artisan-based SFURTI clusters, spread over 18 States. In the 50 clusters inaugurated on 22.2.2021, over 42,000 artisans have been supported in the traditional segments of muslin, khadi, coir, handicraft, handlooms, woodcraft, leather, pottery, carpet weaving, bamboo, agro-processing, tea, etc.

Prelims GS – Governance

SFURTI:
  • The Ministry of Micro Small and Medium Enterprises(MSME) is implementing a Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with a view to organizing traditional industries and artisans into clusters to make them competitive and increase their income.
  • SFURTI clusters are of two types i.e.,
    • Regular Cluster (500 artisans) with Government assistance of up to Rs.2.5 crore and
    • Major Cluster (more than 500 artisans) with Government assistance up to Rs.5 crore.
  • The artisans are organized into SPVs which can be (i) a Society registered under Societies (Registration) Act, 1860, (ii) a Co-operative Society under an appropriate statute, (iii) a Producer Company under Section 465 (1) of Companies Act, 2013 (18 of 2013), (iv) a Section 8 Company under the Companies Act, 2013 (18 of 2013) or (v) a Trust.
  • Under the Scheme, the Ministry supports various interventions including
    • setting up of infrastructure through Common Facility Centers (CFCs),
    • procurement of new machinery,
    • creating raw material banks,
    • design intervention,
    • improved packaging,
    • improvement of marketing Infrastructure,
    • improved skills, and
    • capacity development through training and exposure visits, etc.
  • Besides, the scheme focuses on strengthening the cluster governance systems with the active participation of the stakeholders, so that they are able to gauge the emerging challenges and opportunities and respond to them through building innovative and traditional skills, improved technologies, advanced processes, market intelligence, and new models of public-private partnerships, so as to gradually replicate similar models of cluster-based traditional Industries.

Click here to view the official PIB Press Release.

2. Central Electricity Regulatory Commission(CERC)

News Summary

Shri R. K. Singh, Minister of State for Power (I/C) administered the Oath of Office and Secrecy to Shri Pravas Kumar Singh, Member, Central Electricity Regulatory Commission (CERC).

Prelims GS – Governance

CERC:

(Note: A question related to CERC and the regulation of tariffs was asked in the 2018 prelims exam)

  • The Central Electricity Regulatory Commission (CERC) had been established by the Government of India under the provisions of the Electricity Regulatory Commissions Act, 1998.
  • CERC is the Central Commission for the purposes of the Electricity Act, 2003 which has repealed the ERC Act, 1998.
  • CERC is a statutory body.
  • The Commission consists of a Chairperson and four other Members including Chairperson, Central Electricity Authority who is the ex-officio Member of the Commission.
  • Major functions of CERC under the Act are, inter-alia,
    • to regulate the tariff of generating companies owned or controlled by the Central Government,
    • to regulate the tariff of other generating companies having a composite scheme for generation and sale of electricity in more than one state,
    • to regulate the inter-State transmission of electricity and to determine tariff for such transmission of electricity, etc.
  • Under the Act, CERC shall also advise the Central Government on the formulation of National Electricity Policy and Tariff Policy; promotion of competition, efficiency and economy in activities of the electricity industry; promotion of investment in electricity industry; and any other matter referred to the Central Commission by the Government.

Click here to view the official PIB release and click here to view the official website.

 

 

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