Andhra Pradesh registers steady rise in new firms in last 5 years
Notwithstanding the Covid-19 pandemic, there has been a steady rise in the registration of new companies in Andhra Pradesh in the last five years, as per the data provided by the Union ministry of corporate affairs. As many as 3,439 new companies were incorporated in state in 2020-21 financial year compared to 2,300 in 2016-17.
Altogether, 13,805 new companies were set up under the Companies Act, 2013 between 2016-17 and 2020-21 in Andhra Pradesh. During the same time, 8,779 companies went out of business in the state.
However, state pales in comparison when it comes to the new companies floated in states like Telangana, Maharashtra, Karnataka, Tamil Nadu, Delhi, Uttar Pradesh and Gujarat.For instance, 10,128 new companies ventured into the market in 2020-21 in neighbouring Telangana compared to Andhra Pradesh’s 3,439 during the same period. Other southern states like Karnataka (12,280 new enterprises), Tamil Nadu (9,632), and Kerala (6,409) also dominated the business sphere.
The Andhra Pradesh government has introduced the AP Industrial Development Policy (IDP) 2020-23, identifying 10 thrust areas. Manufacturing sector, accounting for about 11% of the gross state domestic product, remains the high focus area in the state.
According to the official statistics of the state government, 44 large and mega industrial projects were established with an investment of Rs 22,282 crore in 2019-20. The state attracted Rs 3,656 crore investment by paving way for 12 large and mega projects in 2020-21. The Covid-19 pandemic seems to have an impact on the quantum of investment in the MSME sector in the state besides the large industries. As many 10,019 MSMEs set up their shops in Andhra Pradesh with an investment portfolio of Rs 2,979 crore in 2019-20. The investment flow in the MSMEs has decreased to Rs 2,154 crore in 2020-21.
During 2020-21, 1,061 large and mega industries filed their proposals with the state nodal agency for 1,332 clearances and approvals from various departments.
Andhra Pradesh Industrial Infrastructure Corporation allotted 467 acres of industrial land to 660 units with an employment potential of 31,462 and proposed investment of Rs 2,244 crore in the 2020 calendar year.
The Exercise Ekuverin is a joint military exercise held between India and Maldives. It is held between the armies of India and Maldives.
About Exercise Ekuverin
- Ekuverin means “Friends” in Dhivehi language. It is an Indo – Aryan language. It is spoken in India, Lakshadweep and Maldives.
- The Exercise is being conducted between India and Maldives since 2008.
- In 2019, the exercise was held in Pune, Maharashtra and in 2018, it was held in Maldives.
Exercise Ekuverin 2021
- The 2021 Exercise Ekuverin was held in Maldives.
- The exercise focused on enhancing inter – operability between the armed forces of India and Maldives.
- It also included counter – insurgency and counter – terrorism operations.
- The joint exercise in 2021, also conducted sports and cultural activities to enhance the bilateral and defence relations.
India – UAE CEPA Negotiations
India and UAE launched the Comprehensive Economic Partnership Agreement in September 2021. The countries are to hold the third round of negotiations.
CEPA is an economic deal signed between India and UAE in 2017.
It is a free trade pact.
It covers negotiation on trade and services, investment and other economic partnerships.
It also includes competition, cooperation and Intellectual Property Rights.
It also looks in to the regulatory aspects of trade between the countries.
As of March 2021, UAE is the third largest investor in India. The Indian companies have invested 85 billion USD in UAE. The major imports to India from UAE are petroleum products, stones, jewellery, gems. The major exports are minerals, precious metals, gems. With CEPA, the bilateral trade is to increase to 100 billion USD within 5 years.
National Blockchain Strategy Proposed By Ministry Of Electronics And IT
The National Blockchain Strategy was recently introduced by the Ministry of Electronics and IT for giving blockchain as a service.Highlights:
♦ The strategy has adopted a multi-institutional approach involving the C – DAC (Centre for Development of Advanced Computing), NIC (National Informatics Centre), and NICSI (National Informatics Centre Services Inc).
♦ It strives to implement a trusted digital staging for e-governance assistance using blockchain technology.
♦ It includes human resource development, collaboration, administrative framework, technology heap, standards development.
♦ It inquires the union government to promote state-specific blockchain purposes.
The plan will explore using technology for medical supplies and vaccines.
♦ It will increase transparency and efficiency in governance.
♦ NITI Aayog has named Blockchain technology as a promising technology.
♦ According to NITI Aayog, the technology has essential characteristics such as liability and decentralisation.
SRESHTA Scheme Was Launched For Socio Economic Development Of SC Students
The Government of India will introduce the SRESTHA Scheme for students from Scheduled Castes. The initiative would give pupils a high-quality residential education.Highlights:
♦The Ministry of Social Justice and Empowerment will carry out the scheme.
♦It is aimed towards deserving Scheduled Caste pupils. It will also prevent the occurrence of students dropping out of classes 9 through 12.
♦The programme will offer high-quality residential education.♦NITI Aayog has identified renowned non-public residential facilities in aspirational districts to implement the scheme.
Greater Tipraland is a region in Tripura. Several tribals are demanding to make the region as a separate state.
There are 19 notified Scheduled Tribes in Tripura. Among these, 5.92 lakh are Tripuris, 1.88 lakh are Reangs. These three tribal groups are the major tribals in the state. Some of the minor tribal groups have joined hands and formed TIPRA Motha (Tirpaha Indigenous Regional Alliance) and IPFT (Indigenous People’s Front of Tripura) political parties. These parties are now arguing that they want a separate state for their “survival and existence”.
Tripura was ruled by Manikya dynasty since the late 13th century till it signed the Instrument of Accession with the Government of India in 1949. Instrument of Accession is the document signed by the Indian states to enter into Union of India after independence. In due course, some of the indigenous tribes in the region have become minority in the state.
This happened mainly because of the displacement of the Bengalis from East Pakistan during 1971 war. In 1881, the tribal population in the state was 63.77%. It reduced to 31.8% in 2011.APPSC GROUP 1 Notes brings Prelims and Mains programs for APPSC GROUP 1 Prelims and APPSC GROUP 1 Mains Exam preparation. Various Programs initiated by APPSC GROUP 1 Notes are as follows:-
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