Thursday, September 12, 2019

The Market Intervention Price Scheme

The Market Intervention Price Scheme
Overview: The government is planning to procure almost 12 lakh metric tonnes of apple this season, under the MISP.
Know about the Market Intervention Price Scheme:
  1. It is a price support mechanism implemented on the request of State Governments.
  2. It is for procurement of perishable and horticultural commodities in the event of a fall in market prices.
  3. The Scheme is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year.
  4. Its objective is to protect the growers of these horticultural/agricultural commodities from making distress sale in the event of bumper crop during the peak arrival period when prices fall to very low level.
  5. The Department of Agriculture & Cooperation is implementing the scheme.
Who is Funding?:
  • Under MIP, funds are not allocated to the States.
  • Instead, central share of losses as per the guidelines of MIP is released to the State Governments/UTs, for which MIP has been approved, based on specific proposals received from them.
The area of operation is restricted to the concerned state only.
The MIS has been implemented in case of commodities like apples, kinnoo/malta, garlic, oranges, galgal, grapes, mushrooms, clove, black pepper, pineapple, ginger, red-chillies, coriander seed etc.

UPSC Must Read News Articles-September 11th 2019

India’s decision to shut down oil imports from Iran due to sanctions imposed by the United States is also hurting India-Iran bilateral trade and India’s future in Chabahar port, said Iranian Ambassador to India.
Scientists from the Botanical Survey of India (BSI) have discovered two new species of Zingiber, commonly referred to as ginger, from Nagaland. 
India is in a unique position to scale up ‘same language subtitling’, improving both media access and reading literacy
Given its achievements, ISRO should not hide setbacks with the cellophane of national pride
Major industrial accidents point to the need for a stronger worker safety law

Monday, September 9, 2019

UPSC Must Read News Articles -September 9th 2019


The huge increase in numbers in the southern Indian Ocean far from the Chinese coast has raised concerns
Local governments remain hamstrung and ineffective — mere agents to do the bidding of higher level governments
The Iran crisis reflects the strains between the U.S. and Europe over the U.S. President’s minimalist political approaches
Experts said that time was running out for the moon lander Vikram and the possibility of re-establishing communication with it looked “less and less probable”.
Chandrayaan 2 might have failed in an objective, but the mission itself is not a failure

Friday, August 16, 2019

UPSC Must Read News Articles-August 16th 2019

GS-2
The United Nations Security Council (UNSC) will meet on August 16 morning to discuss Kashmir (India’s abrogation of Article 370).
Two major announcements marked Mr. Modi’s speech on Independence Day.
The creation of the CDS will eventually lead to the formation of tri-service theatre commands intended to create vertical integration of the three forces
On August 5, the Centre decided to end the special status given to Jammu and Kashmir (J&K) under Article 370.
A randomised trial has shown two candidate drugs to be highly effective in curing the disease
GS-3
July was the hottest month across the globe ever measured, and 2019 is on track to be one of the warmest years, according to data released last by the European Union's Earth observation network
Minute microplastic particles have been detected in the Arctic and the Alps, carried by the wind and later washed out in the snow
Sector wants 25% of land in industrial corridors allotted to small firms at discount
A relentless drop in global bond yields raised fears that the world economy was hurtling towards recession and weighed on global equities
The Central Board of Indirect Tax and Customs (CBIC) has asked domestic industry players to come up with a detailed and long-term solution to combat the Customs duty evasion by foreign sellers
Kerala needs to adopt watershed-based master planning and review building byelaws