UPSC Prelims Bits For Today 11 June, 2022 | Daily Important Selective Current Affairs For UPSC

Table of Contents

”UPSC Prelims Bits For Today” is every day published in the morning between 11:00 AM to 12:00 Noon and contains selective current affairs articles. ”UPSC Prelims Bits For Today” covers various topics from UPSC Prelims Syllabus and is very helpful and time managing for UPSC Aspirants. The framing of this daily current affairs compilation article is easy to read and understandable also.

In the ”UPSC Prelims Bits For Today” article, we focus on UPSC Preliminary exam-oriented current affairs covering various sections from leading National Newspapers, PIB, and other various official sources.

Indian National Space Promotion and Authorization Centre (IN-SPACe)

In News

Prime Minister, Shri Narendra Modi inaugurated the Headquarters of the Indian National Space Promotion and Authorization Centre (IN-SPACe) in Ahmedabad, Gujarat.

Key Points about IN-SPACe

IN-SPACe is an independent nodal agency under Department of Space for allowing space activities and usage of DOS owned facilities by NGPEs as well as to prioritise the launch manifest.
IN-SPACe will draw up an integrated launch manifest considering the requirements for ISRO, NSIL and NGPEs based on priorities and readiness level.
IN-SPACe will work out a suitable mechanism for promotion & hand holding, sharing of technology and expertise to encourage participation of NGPEs in space activities.
In order to carry out the space activities, capital-intensive, high technology facilities will be required by NGPEs. These facilities, spread across various ISRO Centres, shall be permitted for use by NGPEs.
IN-SPACe will work out a suitable mechanism to offer sharing of technology, expertise and facilities on free of cost wherever feasible or at reasonable cost basis to promote NGPEs.
IN-SPACe will act as an autonomous body, under DOS, as a single window nodal agency for enabling and regulating space activities and usage of ISRO facilities by NGPEs.
IN-SPACe will also permit establishment of facilities, within ISRO premises, based on safety norms and feasibility assessment.

IN-SPACe Structure

IN-SPACe will have a Chairman, technical experts for space activities, Safety expert, experts from Academia and Industries, Legal and Strategic experts from other departments, members from PMO and MEA of Government of India.

Agricultural and Processed Food Products Export Development Authority (APEDA)

In News

In a bid to give a boost to the export of Indian wine, the Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of the Ministry of Commerce and Industry, facilitated participation of ten exporters in London Wine Fair, 2022.

Key Points About APEDA

The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act passed by the Parliament in December, 1985.

Key Functions

Development of industries relating to the scheduled products for export by way of providing financial assistance or otherwise for undertaking surveys and feasibility studies, participation in enquiry capital through joint ventures and other reliefs and subsidy schemes;
Registration of persons as exporters of the scheduled products on payment of such fees as may be prescribed;
Fixing of standards and specifications for the scheduled products for the purpose of exports;
Carrying out inspection of meat and meat products in slaughter houses, processing plants, storage premises, conveyances or other places where such products are kept or handled for the purpose of ensuring the quality of such products;
Improving of packaging of the Scheduled products;
Improving of marketing of the Scheduled products outside India;
Promotion of export oriented production and development of the Scheduled products;
Collection of statistics from the owners of factories or establishments engaged in the production, processing, packaging, marketing or export of the scheduled products or from such other persons as may be prescribed on any matter relating to the scheduled products and publication of the statistics so collected or of any portions thereof or extracts there from;
Training in various aspects of the industries connected with the scheduled products;
Such other matters as may be prescribed.

Insolvency & Bankruptcy Board of India (IBBI)

In News

IBBI conducts Conference on “Entrepreneurship Liberty: Freedom of Entry, Competition and Exit” and IP Conclave under ‘Azadi ka Amrit Mahotsav’ in New Delhi.

Key Points About IBBI

The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).
It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.
It is a unique regulator: regulates a profession as well as processes. It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities. It writes and enforces rules for processes, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code.
It has recently been tasked to promote the development of, and regulate, the working and practices of, insolvency professionals, insolvency professional agencies and information utilities and other institutions, in furtherance of the purposes of the Code. It has also been designated as the ‘Authority’ under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and development of the profession of valuers in the country.

Azadi Ka Amrit Mahotsav (AKAM)

In News

PM Modi launches new series of coins with AKAM design that are also ‘visually impaired friendly’.

Key Points About AKAM

AKAM is an initiative of the Government of India to celebrate and commemorate 75 years of progressive India and the glorious history of its people, culture and achievements.
AKAM celebrations were started on 12^th March 2021 by the Hon’ble Prime Minister Shri Narendra Modi.
This Mahotsav is dedicated to the people of India who have not only been instrumental in bringing India thus far in its evolutionary journey but also hold within them the power and potential to enable Prime Minister Narendra Modi’s vision of activating India 2.0, fuelled by the spirit of Aatmanirbhar Bharat.
The official journey of Azadi ka Amrit Mahotsav commenced on 12th March 2021 which started a 75-week countdown to our 75th anniversary of independence and will end post a year on 15th August 2023.