MALUKA IAS
FACTLY
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Date: 02nd November
LMDC and Basic
  • Like Minded Developing Countries – LMDC countries are India, China, Venezuela and Iran.
  • BASIC Countries – Brazil, South Africa, India and China.
The Supreme Court
  • The Supreme Court, one of independent India’s first major buildings to be designed by an Indian architect, has opened its doors for guided tours.
  • The tours are free and will be conducted between 10 a.m. and 1 p.m. every Saturday, except on declared holidays.
National Register on Antiquities
  • Established in 2007 under the aegis of the National Mission on Monuments and Antiquities (now under the administration of the ASI), the Register is a publicly accessible repository of documented and registered Indian antiquities.
  • There is also the India Pride Project, a volunteer-network of private individuals interested in protecting Indian antiquities, that has been instrumental in the repatriation of several works of incalculable archaeological and aesthetic value.
Generalized System of Preferences (GSP)
  • The GSP, the largest and oldest U.S. trade preference programme, is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.
  • The GSP allows market access at nil or low duties for about 3500 Indian products.
  • The schemes was not renewed for India by Washington as the U.S. Trade representative office said that it wanted to hold an eligible review.
  • India being the largest beneficiary as of now.
Safe City Projects
  • The central government has approved a ‘Safe City Project’ for Lucknow at a total cost of Rs 194.44 crore under the Nirbhaya Fund Scheme with an aim to strengthen security of women in public places.
  • The city will soon have integrated smart control room, exclusive women outposts, pink toilets, night patrols of women police and women help desks in all police stations with counsellors.
  • The project would be implemented as a centrally sponsored scheme with the centre and the state sharing the funding in 60:40 ratio.
  • It was approved by the Union Ministry of Home Affairs as part of its plans to implement Safe City Projects in eight selected cities — Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad and Lucknow — under the Nirbhaya Fund Scheme.
  • The project is being implemented in consultation with the Ministry of Women and Child Development, Ministry of Urban Development, Ministry of Electronic and Information Technology, respective municipal and police commissioners of the cities besides civil society organisations, the release said.
Non-banking Financial Companies (NBFC) sector
  • It also know as the shadow banking system that provides services similar to traditional commercial banks but outside normal banking regulations.
  • NBFC’s were the largest net borrowers of funds from the financial system.
  • The highest funds received from banks (44%), followed by mutual funds (33%) and insurance companies (19%).