FSSAI

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FSSAI: Full form:
Food Safety and Standards Authority of India (Memory tag: resembles Sports Authority of India SAI, here it is Standards Authority of India which talks about Food Safety. Food is an important ingredient for a sport activity)
Background:
It was established by an act. The name of the Act was Food Safety and Standards Act, 2006.
Main feature and emphasis:
The act consolidated various acts & orders that have hitherto handled food related issues in various Ministries and Departments.
Various central Acts like
Prevention of Food Adulteration Act, 1954 ,
Fruit Products Order, 1955,
Meat Food Products Order, 1973,
Vegetable Oil Products (Control) Order, 1947,
Edible Oils Packaging (Regulation) Order 1988,
Solvent Extracted Oil,
De- Oiled Meal and Edible Flour (Control) Order, 1967,
Milk and Milk Products Order, 1992 etc. were repealed after commencement of FSS Act, 2006.
The motive was to establish a single entry point about the standards of the food, production and related scientific issues. Finally, after the Act was passed, an independent statutory Authority – the Food Safety and Standards Authority of India was established. The head office as raised at Delhi. Now the main authority along with the state food safety authorities enforces the various provisions of the Act.
Dealing Ministry:
The Food authority which is FSSAI – Food Safety and Standards Authority works under the Ministry of Health and Family Welfare, of the Government of India.
Location:
The Food Authority is located in five regions. They are
Northern Region
Eastern Region
North Eastern Region
Western Region
Southern Region

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MUDRA

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The Union Budget presented by the Hon’ble Finance Minister Shri Arun Jaitley, for FY 2015-16, announced the formation of MUDRA Bank. Accordingly MUDRA was registered as a Company in March 2015 under the Companies Act 2013 and as a Non Banking Finance Institution with the RBI on 07 April 2015. MUDRA was launched by the Hon’ble Prime Minister Shri Narendra Modi on 08 April 2015 at a function held at Vigyan Bhawan, New Delhi.
The Micro Units Development & Refinance Agency Ltd (MUDRA) was set up by the Government of India (GoI). MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore, fully subscribed by SIDBI. More capital is expected to enhance the functioning of MUDRA.
This Agency would be responsible for developing and refinancing all Micro-enterprises sector by supporting the finance Institutions which are in the business of lending to micro / small business entities engaged in manufacturing, trading and service activities. MUDRA would partner with Banks, MFIs and other lending institutions at state level / regional level to provide micro finance support to the micro enterprise sector in the country.
Micro Finance is an economic development tool whose objective is to provide income generating opportunities to the people at the bottom of the pyramid. It covers a range of services which include, in addition to the provision of credit, many other credit plus services , financial literacy and other social support services.
MUDRA has been formed with primary objective of developing the micro enterprise sector in the country by extending various support including financial support in the form of refinance, so as to achieve the goal of “funding the unfunded”.

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Contents from the site mudra.org.in

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Regional Connectivity Scheme UDAN

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The Civil Aviation Ministry has launched the Regional Connectivity Scheme on October 21, 2016. It is one of the objective of the National Civil Aviation Policy (NACP) 2016.

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External Source: PIB (Kindly note, after sometime the links to PIB becomes non functional.

Arthapedia

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Arthapedia: It is a portal maintained by the Indian Economic Services. It gives the explanation of the concepts used in India economy policy. Such concepts help to understand the Indian Economy and its governance. The General Studies Paper III is related to the India Economy. A study of the portal will definitely help the aspirants. One can reach it by Clicking Here. Some of the suggestive concepts given below may help to appreciate the relevance:
1. Consumer Price Index
2. Jan Aushadhi Scheme
3. Kisan Credit Card
4. National Disaster Response Fund (NDRF)
5. Money Bill
6. Finance Bill
7. Appropriation Bill
Presently there are approximately around 400 terms. Many of the terms are of recent origin and they are highly useful for the forthcoming Mains papers. There are equally useful for the Prelims 2017.

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