{"id":7390,"date":"2026-01-08T17:18:19","date_gmt":"2026-01-08T17:18:19","guid":{"rendered":"https:\/\/mehnatt.com\/?p=7390"},"modified":"2026-01-08T17:18:19","modified_gmt":"2026-01-08T17:18:19","slug":"short-notes-on-current-affairs-02-01-2026","status":"publish","type":"post","link":"https:\/\/mehnatt.com\/?p=7390","title":{"rendered":"Short notes on Current Affairs 02.01.2026"},"content":{"rendered":"\n<h3 class=\"wp-block-heading has-text-align-center has-ast-global-color-6-background-color has-background\">Two Key Interventions to Strengthen MSME Exports<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Context<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Part of India\u2019s <strong>Export Promotion Mission<\/strong>, a flagship initiative approved on 12 November 2025.<\/li>\n\n\n\n<li style=\"font-size:17px\">Total outlay: \u20b925,060 crore for FY 2025\u201326 to FY 2030\u201331.<\/li>\n\n\n\n<li style=\"font-size:17px\">Aim: Strengthen export competitiveness, with focus on:\n<ul class=\"wp-block-list\">\n<li><strong>MSMEs<\/strong>, first-time exporters, labour-intensive sectors<\/li>\n\n\n\n<li>Market diversification<\/li>\n\n\n\n<li>Promotion of value-added exports<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li style=\"font-size:17px\">Implemented jointly by:\n<ul class=\"wp-block-list\">\n<li><strong>Department of Commerce<\/strong><\/li>\n\n\n\n<li><strong>Ministry of MSME<\/strong><\/li>\n\n\n\n<li><strong>Ministry of Finance<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Sub-Schemes<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li style=\"font-size:17px\"><strong>NIRYAT PROTSAHAN<\/strong> \u2013 Focuses on trade finance interventions for MSMEs.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>NIRYAT DISHA<\/strong> \u2013 Supports non-financial enablers like market access, branding, logistics, trade intelligence, and regulatory compliance.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\">Intervention 1: Interest Subvention for Export Credit<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\"><strong>Objective:<\/strong> Reduce cost of export credit and ease working capital constraints.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Scope:<\/strong> Applies to pre- and post-shipment rupee export credit extended by eligible lending institutions.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Base Interest Subvention:<\/strong> <strong>2.75%<\/strong>, with additional incentives for exports to under-represented\/emerging markets.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Eligible Exports:<\/strong> Only items on a notified positive list of tariff lines (~75% of India\u2019s tariff lines).<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Annual Cap:<\/strong> \u20b950 lakh per Importer Exporter Code (IEC) for FY 2025\u201326.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Review Mechanism:<\/strong> Bi-annual review in March and September, considering domestic and global benchmarks.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Positive List Criteria:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Prioritizes labour- and capital-intensive sectors<\/li>\n\n\n\n<li>Focus on MSME participation and value addition<\/li>\n\n\n\n<li>Excludes restricted\/prohibited items, waste\/scrap, overlapping incentives<\/li>\n\n\n\n<li>Includes defence and SCOMET products to support strategic exports<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Implementation:<\/strong> Pilot rollout by <strong>RBI<\/strong>, refinements based on feedback.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Intervention 2: Collateral Support for Export Credit<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\"><strong>Objective:<\/strong> Address collateral constraints for MSME exporters and improve access to bank finance.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Mechanism:<\/strong> Introduces credit guarantee support via Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Guarantee Coverage:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Up to <strong>85%<\/strong> for Micro &amp; Small exporters<\/li>\n\n\n\n<li>Up to <strong>65%<\/strong> for Medium exporters<\/li>\n\n\n\n<li>Maximum exposure: \u20b910 crore per exporter per financial year<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Complementarity:<\/strong> Supports existing credit guarantee schemes, encourages banks to lend more to export-oriented MSMEs.<\/li>\n\n\n\n<li style=\"font-size:17px\"><strong>Implementation:<\/strong> Pilot phase followed by integration into a comprehensive export promotion framework.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Expected Outcomes<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Lower export costs for MSMEs<\/li>\n\n\n\n<li style=\"font-size:17px\">Expanded access to finance<\/li>\n\n\n\n<li style=\"font-size:17px\">Strengthened India\u2019s export brand<\/li>\n\n\n\n<li style=\"font-size:17px\">Diversified export markets<\/li>\n\n\n\n<li style=\"font-size:17px\">Deeper integration into global value chains<\/li>\n\n\n\n<li style=\"font-size:17px\">Support for sustained export-led growth<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Key Highlights<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Interventions are data-driven and pilot-tested for refinement.<\/li>\n\n\n\n<li style=\"font-size:17px\">Focus on MSME exporters, particularly first-time exporters.<\/li>\n\n\n\n<li style=\"font-size:17px\">Structured to support long-term competitiveness of Indian exports.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-ast-global-color-6-background-color has-background\">10th Edition of Indian Pharmacopoeia (IP 2026)<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Key Announcement<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Released by Union Minister Shri J. P. Nadda at Dr. Ambedkar International Centre, New Delhi.<\/li>\n\n\n\n<li style=\"font-size:17px\">Marks the <strong>10th edition<\/strong> of India\u2019s official <strong>book of drug standards<\/strong>.<\/li>\n\n\n\n<li style=\"font-size:17px\">Serves as a cornerstone of India\u2019s pharmaceutical regulatory framework.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Significance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Reflects scientific advancements, global best practices, and India\u2019s leadership in pharmaceutical manufacturing and regulation.<\/li>\n\n\n\n<li style=\"font-size:17px\">Strengthens quality, safety, and efficacy of medicines in India.<\/li>\n\n\n\n<li style=\"font-size:17px\">Supports National Health Programmes by standardising critical medicines.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Key Updates in IP 2026<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li style=\"font-size:17px\">121 new monographs added, bringing the total to 3,340 monographs.<\/li>\n\n\n\n<li style=\"font-size:17px\">Enhanced coverage across key therapeutic categories:\n<ul class=\"wp-block-list\">\n<li>Anti-tubercular<\/li>\n\n\n\n<li>Anti-diabetic<\/li>\n\n\n\n<li>Anti-cancer medicines<\/li>\n\n\n\n<li>Iron supplements<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li style=\"font-size:17px\">First-time inclusion of 20 blood component monographs for transfusion medicine, as per Drugs and Cosmetics (Second Amendment) Rules, 2020.<\/li>\n\n\n\n<li style=\"font-size:17px\">Continuous updating and harmonisation with global standards to ensure patient safety.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\">Pharmacovigilance Achievements<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">India\u2019s contribution to <strong>WHO pharmacovigilance database<\/strong> rose from <strong>123rd (2009\u20132014) to 8th (2025)<\/strong>.<\/li>\n\n\n\n<li style=\"font-size:17px\">Strengthened Pharmacovigilance Programme of India (PvPI) under the Indian Pharmacopoeia Commission (IPC).<\/li>\n\n\n\n<li style=\"font-size:17px\">Reflects India\u2019s commitment to patient safety, quality assurance, and robust regulatory vigilance.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Global Recognition<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Indian Pharmacopoeia standards now recognised in 19 countries of the Global South.<\/li>\n\n\n\n<li style=\"font-size:17px\">Supports India\u2019s role in health diplomacy and the global pharmaceutical supply chain.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Regulatory and Legal Importance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">IP standards are authoritative and legally enforceable under the Drugs and Cosmetics Act, 1940.<\/li>\n\n\n\n<li style=\"font-size:17px\">Helps in licensing, manufacturing inspection, and distribution of medicines.<\/li>\n\n\n\n<li style=\"font-size:17px\">Enhances India\u2019s regulatory ecosystem and ensures safe, effective, and quality-assured medicines.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">About Indian Pharmacopoeia<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Published by <strong>Indian Pharmacopoeia Commission (IPC)<\/strong> under <strong>Ministry of Health &amp; Family Welfare<\/strong>.<\/li>\n\n\n\n<li style=\"font-size:17px\">Fulfils requirements of the <strong>Drugs and Cosmetics Act, 1940<\/strong>.<\/li>\n\n\n\n<li style=\"font-size:17px\">Prescribes official standards for drugs produced\/marketed in India.<\/li>\n\n\n\n<li style=\"font-size:17px\">Ensures control, assurance, and legal enforcement of medicine quality.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-ast-global-color-6-background-color has-background\">RIIT Received AAA rating from CARE<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Major Credit Milestone Achieved<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">NHAI-sponsored <strong>Raajmarg Infra Investment Trust (RIIT)<\/strong> has received a <strong>AAA (Stable)<\/strong> rating for its long-term bank facilities from <strong>CARE Ratings Limited<\/strong>.<\/li>\n\n\n\n<li style=\"font-size:17px\">This is the highest possible credit rating, indicating exceptional creditworthiness and financial strength.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Implications of the AAA (Stable) Rating<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Reflects an extremely low risk of default on RIIT\u2019s debt obligations.<\/li>\n\n\n\n<li style=\"font-size:17px\">The <strong>\u2018Stable\u2019 outlook<\/strong> suggests the rating is expected to remain unchanged in the near to medium term.<\/li>\n\n\n\n<li style=\"font-size:17px\">Positions RIIT among the safest investment options in the infrastructure investment space.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Role of NHAI as Sponsor<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">The rating derives significant strength from NHAI\u2019s experience, credibility, and strong execution track record in the roads and highways sector.<\/li>\n\n\n\n<li style=\"font-size:17px\">NHAI\u2019s backing enhances investor confidence and supports RIIT\u2019s long-term sustainability.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Asset Monetization Program Highlighted<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">CARE Ratings emphasized the strategic importance of NHAI\u2019s asset monetization programme as a key rating driver.<\/li>\n\n\n\n<li style=\"font-size:17px\">NHAI has successfully monetized national highway assets worth approximately \u20b91.43 lakh crore to date.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">SEBI Approval and Public InvIT Status<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">RIIT has received <strong>SEBI approval as a Public Infrastructure Investment Trust (InvIT)<\/strong>.<\/li>\n\n\n\n<li style=\"font-size:17px\">Enables wider participation by retail and domestic investors in India\u2019s highway infrastructure.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Investment and Policy Significance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">RIIT aims to unlock long-term value from National Highway assets while ensuring sustainable capital formation.<\/li>\n\n\n\n<li style=\"font-size:17px\">Strengthens the institutional framework for infrastructure financing in India.<\/li>\n\n\n\n<li style=\"font-size:17px\">Supports the government\u2019s objective of broadening public participation in infrastructure development and reducing reliance on traditional funding sources.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Overall Significance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">The AAA rating reinforces RIIT\u2019s position as a robust, investor-friendly, and low-risk investment vehicle.<\/li>\n\n\n\n<li style=\"font-size:17px\">Marks an important step in advancing India\u2019s infrastructure growth story through transparent and market-based asset monetization.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-ast-global-color-6-background-color has-background\">Alo Prabhat: Dance of the Dawn<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Location &amp; Significance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">Dong village, located in Anjaw district of Arunachal Pradesh, is recognized as India\u2019s easternmost village.<\/li>\n\n\n\n<li style=\"font-size:17px\">It is considered the first human habitation in India to receive the sunrise.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Event &amp; Occasion<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">The village welcomed the first sunrise of 2026 on Thursday.<\/li>\n\n\n\n<li style=\"font-size:17px\">The occasion was marked as part of the Sunrise Festival, organized by the Arunachal Pradesh State Tourism Department.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Cultural Performance<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">A featured performance titled <strong>\u201cAlo Prabhat: Dance of the Dawn\u201d<\/strong> was staged to mark the sunrise.<\/li>\n\n\n\n<li style=\"font-size:17px\">The performance drew from the cultural traditions of the indigenous <strong>Meyor<\/strong> and <strong>Mishmi<\/strong> communities.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Artistic Elements<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">\u201cDance of the Dawn\u201d was presented as an artistic narrative.<\/li>\n\n\n\n<li style=\"font-size:17px\">It incorporated chants, songs, and indigenous rhythms, reflecting local cultural expressions.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Festival Timeline<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">The Sunrise Festival began on December 29.<\/li>\n\n\n\n<li style=\"font-size:17px\">It is scheduled to conclude on Friday.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Cultural &amp; Tourism Importance<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:17px\">The festival highlights indigenous heritage and performing arts of Arunachal Pradesh.<\/li>\n\n\n\n<li style=\"font-size:17px\">It also serves to promote cultural tourism and showcase Dong\u2019s unique geographical and cultural identity.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Two Key Interventions to Strengthen MSME Exports Context Sub-Schemes Intervention 1: Interest Subvention for Export Credit Intervention 2: Collateral Support for Export Credit Expected Outcomes Key Highlights 10th Edition of Indian Pharmacopoeia (IP 2026) Key Announcement Significance Key Updates in IP 2026 Pharmacovigilance Achievements Global Recognition Regulatory and Legal Importance About Indian Pharmacopoeia RIIT Received [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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