PIB Analysis 06-10-22

FIRST TRAINING SQUADRON AT KUWAIT

The ships of First Training Squadron (1TS) comprising INS Tir, Sujata and CGS Sarathi arrived at Port Al-Shuwaikh, Kuwait on 04 Oct 22.
The ships are deployed in the Persian Gulf as part of their training deployment.
The ships were accorded a warm welcome by senior officers of the Kuwaiti Naval forces, Border Guard and the Embassy of India officials besides school children.
The three-day port call includes professional engagements, cross ship visits, community outreach and social interactions.
The ships of 1TS, based at Kochi, are part of the Southern Naval Command, Indian Navy’s Training Command.
The deployment of 1TS is aimed at exposing the trainees towards conduct of various evolutions at sea and port familiarisation.
The present deployment also provides an opportunity in exposing the trainees to the sociopolitical, military and maritime linkages of India with friendly countries in our maritime neighbourhood.

Recognising that an efficient and strong civil aviation sector is vital for the economic development of the country, the Department of Financial Services (DFS), Ministry of Finance, has modified the Emergency Credit Line Guarantee Scheme (ECLGS).
This was done to enhance the maximum loan amount eligibility for airlines under ECLGS 3.0 to 100% of their fund based or non-fund-based loan outstanding as on the reference dates or Rs. 1,500 crore, whichever is lower; and of the above, Rs. 500 crore shall be considered, based on equity contribution by the owners.
All other criteria terms and conditions parameters prescribed under the operational guidelines of the ECLGS on 30.8.2022 shall be applicable as it is.
The modifications introduced are aimed to give necessary collateral-free liquidity at reasonable interest rates to tide over their present cash flow problems.
Earlier in March 2022, the Emergency Credit Line Guarantee Scheme (ECLGS) was extended beyond March 2022, till March 2023.
Keeping in view the high proportion of non-fund based credit in the overall credit of the civil aviation sector, the eligible borrowers were permitted to avail up to 50% of their highest total fund and non-fund based credit outstanding, subject to a maximum of Rs. 400 crore per borrower.

National Mission for Clean Ganga (NMCG) and Sahakar Bharati organised ‘Vishaal Kisan Sammelan’ workshop on 4th October 2022 in Bayanpur village, Sonipat, Haryana.
This was done as part of the targeted campaign under Namami Gange Programme and Arth Ganga to promote Natural Farming amongst the farmers in the Ganga Basin.
A Memorandum of Understanding (MoU) was signed between NMCG and Sahakar Bharation 16th August 2022 to achieve the vision of a sustainable and viable economic development by public participation, creation and strengthening of local cooperatives towards realizing the mandate of Arth Ganga, that aims to link people with the river through a “bridge of economics”.