UPSC PIB Summary Analysis Jun21

Rashtrapati Bhavan celebrates the fourth International Yoga Day 

• The 4^thInternational Yoga Day was celebrated at Rashtrapati Bhavan today (June 21, 2018) with a yoga demonstration.
• More than 500 officers, the staff of Rashtrapati Bhavan and their family members, as well as residents of the President’s Estate, participated in the event.
• The President of India, Shri Ram Nath Kovind, who is on the State Visit of Suriname will also participate in the International Yoga Day celebration along with the President of Suriname and other dignitaries in Paramaribo, Suriname today at  0700 (local time in Suriname). 

India & Tajikistan agree to enhance mutual cooperation for sustainable water development

• India and Tajikistan have reaffirmed their commitment to promote bilateral relations and agreed to enhance economic cooperation, particularly in sustainable water development.
• Shri Nitin Gadkari, the Union   Minister for Water Resources, River Development & Ganga Rejuvenation, Road Transport & Highways and Shipping, currently on a two-day official visit to the central Asian republic, held wide-ranging talks with Shri Sirodjidin Muhridin, Foreign Minister of Tajikistan in Dushanbe yesterday.
• The two leaders underlined the need to give further impetus to the ongoing bilateral cooperation in various fields and agreed to enhance mutual cooperation in the area of sustainable water development.
• Shri Gadkari gave him an update on the progress of Chabahar Port which India is helping to develop in Iran and said that New Delhi would be willing to share with Tajikistan, Indian expertise in building quality infrastructure.

Yoga is a powerful instrument to bind the entire world into one

• Yoga brings physical and mental relief to a human being and it takes humankind towards total growth, said Union Minister of State (Independent Charge) for Culture & MoS for Environment, Forest and Climate Change Dr Mahesh Sharma while addressing at celebration of 4^thInternational Day of Yoga at Shaheed Minar, Kolkata today.
• The Culture Minister spoke at length about the positive aspects of Yoga for keeping body and mind totally stress-free.
• The Minister said, as a doctor he is practising Yoga for nearly 30 years. He reiterated that Yoga not only adds to the growth of the physique, it even helps keeping people away from mental illnesses. Yoga also enhances the communication level among people, he added.
• The Minister said, Yoga is the indicator of human index too.

Prime Minister’s Awards for Outstanding Contribution for Promotion and Development of Yoga – 2018

• Shri Vishwas Mandalik, Nasik and The Yoga Institute, Mumbai are the recipients of the Prime Minister’s Award for outstanding contribution for promotion and development of Yoga for the year 2018.
• The selection was done from among 186 nominations received under different categories.
• On the occasion of the 2^ndInternational Day of Yoga celebrations at Chandigarh on 21^st June, 2016, the Hon’ble Prime Minister had announced the institution of awards for the promotion and development of Yoga.
• The Ministry of AYUSH developed the guidelines for the awards. Two committees were constituted, viz., Screening Committee (for preliminary evaluation) and Evaluation Committee (Jury), so that a transparent process is followed in finalizing the awards. 
• The winners will be felicitated with of a Trophy, Certificate and a Cash Award each. The value of each Cash Award would be Rs. 25.00 lakhs.

MCA invites comments from stakeholders on introductory note and draft on Cross-Border Insolvency

• The Ministry of Corporate Affairs (MCA), Government of India, invites comments and views from stakeholders on introductory note and draft on ‘Cross-Border Insolvency.
• Inclusion of cross-border insolvency framework will further enhance ‘ease of doing business, provide a mechanism of cooperation between India and other countries in the area of insolvency resolution, and protect creditors in the global scenario.
• Furthermore, it will make India an attractive investment destination for foreign creditors given the increased predictability and certainty of the insolvency framework.
• On the global scale, the UNCITRAL (United Nations Commission on International Trade Law) Model Law on Cross-Border Insolvency, 1997 (“Model Law”) has emerged as the most widely accepted legal framework to deal with cross-border insolvency issues while ensuring the least intrusion into the country’s domestic insolvency law.
• Due to the growing prevalence of multinational insolvencies, the Model Law has been adopted by 44 States till date, including Singapore, UK and US.

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