Monthly Pib November 2019

Easy to PICK101 - “UPSC Monthly Magazine” investments made by incubators in Government initiatives to promote startups. entrepreneurship: 8. Income Tax exemption for The government has already launched startups: Income tax exemption to PMMY (Pradhan Mantri Mudra Yojana), startups announced for three years. the MUDRA (Micro Units Development 9. Tax exemption on investments and Refinance Agency) Bank , a new above Fair Market Value. institution set up for development and 10. Startup fests: Innovation core refinancing activities relating to micro programs for students in 5 lakh units with a refinance Fund of ₹200 schools. There will also be an annual billion. The Standup India initiative is also incubator grand challenge to create aimed at promoting entrepreneurship, but world class incubators. among SCs/STs, women communities. 11. Launch of Atal Innovation Mission: Atal Innovation Mission Benefits of the scheme started to give an impetus to  It will help in economic growth of innovation and encourage the talent the country. among the people.  It will create more employment 12. Setting up of 35 new incubators in opportunities in India. institutions: PPP model being  Along with Make in India initiative, considered for 35 new incubators, 31 it will help in the development of innovation centres at national entrepreneurship culture in India. institutes. 13. Setting up of 7 new research Challenges and Criticisms parks: Government shall set up  Tax exemptions are not provided for seven new research parks – six in angel investors, seed capital funds IITs, one in IISc with an initial and stock options offered by investment of Rs 100 crore each. Startups to employees. 14. Promote entrepreneurship in  Mindset of lenders who do not biotechnology: Five new bio consider start-up entrepreneurs to be clusters, 50 new bio incubators, 150 good borrowers. technology transfer offices and 20  Tax laws need more clarifications bio connect offices will be and simplification. established.  Forex regulations are a major reason 15. Innovation focused programmes for re-domiciling. for students: There will be  Fund set up by government is not innovation core programs for enough to cater the needs of the all students in 5 lakh schools. sections of the entrepreneurs. 16. Panel of facilitators to provide  Conducive policy environment legal support and assist in filing of should not be restricted just to start- patent application. ups but it should be extended to all 17. 80 per cent rebate on filing patent businesses. applications by startups. 18. Relaxed norms of public procurement for startups. 19. Faster exits for startups.

Easy to PICK102 - “UPSC Monthly Magazine” Vice President pays tribute to the bravehearts of Kunja Bahdurpur Syllabus subtopic: Modern Indian history battle that ensued and hundreds of from about the middle of the eighteenth Gurjar soldiers were martyred. century until the present- significant  The British inflicted innumerable events, personalities, issues atrocities over the people. They hanged hundreds of people from a single tree. News: Vice President M Venkaiah Naidu The bodies of Raja Vijay Singh and today suggested that the Union his brave general Kalyan Singh were government should encourage states to mutilated and displayed in front of research upon and compile the history Dehradun prison. of local heroes of freedom struggle from across the country. He also emphasized Remarks of the Vice President on publishing this history in local  The Vice President said that Raja Vijay languages so as to reach the maximum people. Singh and his men made supreme sacrifice for the cause of freedom in Prelims and mains focus: Battle of Kunja 1824, three decades before the first Bahadurpur and its importance in the war for independence in 1857, but it freedom struggle of India is an irony that the stories like Kunja Bahadurpur remain ignored in our Context: Speaking at an event organised history. “Our history is incomplete in the remembrance of Shaheed Raja without the bravery of these heroes ’’, Vijay Singh and his brave men at the he said. village Kunja Bahadurpur in Haridwar  Mentioning the names of legendary district of Uttarakhand, the Vice warriors from Uttarakhand such as President Naidu recalled the heroic story Ram Pyari Gurjar, Rani Karnawati, of the people of Kunja Bahadurpur who Shahmal Singh Tomar and teenage rose against the British with their king warrior Shivdevi Tomar, Vice Vijay Singh. President Naidu said that our history has been witness to many a struggle About the battle of Kunja Bahadurpur wherein people rose against the  The Britishers had occupied a invaders under the leadership of local heroes to defend their freedom, significant portion of India by the year honour, culture and property. “But 1824 when King Vijay Singh declared these resistances hardly find any freedom. He gathered an army of one mention in our history”, said Vice thousand men from nearby areas such President Naidu adding that “we need as Garhwal, Kumaon, Bijnor, to rectify this mistake”. Saharanpur and Meerut and stopped  He also stressed the need to make paying taxes to the British. He such stories mandatory part of our eliminated all symbols of British school syllabus so that the new occupation from the area. generation can draw inspiration  The British in turn attacked the fort of from them. Kunja Bahadurpur. Around 40  The Vice President also called for Britishers were killed in the fierce developing a nationalistic approach

Easy to PICK103 - “UPSC Monthly Magazine” to our history and research new Vice President also called for equal sources for it. History does not belong respect for Fundamental Duties to just the rulers, rather it belongs to along with the Fundamental Rights. the people and communities as well, he He reminded the people of said emphasizing the need to study fundamental duty ‘to strive towards local cultural, literary and social excellence in all spheres and said that history. country’s progress depends on each  He said that heroic stories of local one of us excel in our respective fields. communities are transmitted from  He also urged people to spread generation to generation by oral awareness about fundamental duties in tradition and form an inseparable their community, educational part of their being. “Local institution and professional circles. educational institutions, civil society This will be a true tribute to our brave organizations and media should do ancestors who sacrificed their serious research on these oral traditions everything so that we could breathe in of history telling and to make the a free India, he said. whole country aware of them”, he added.  Putting national integrity above  Saying that our history is indebted to everything else, the Vice President the great sacrifices made by our appealed to all citizens to rise above ancestors such as Raja Vijay Singh caste, creed, religion and region and and his general Shaheed Kalyan to work together for the progress of Singh, he appealed to the younger the country. On the occasion, he also generation to respect and follow their appreciated the unity displayed by all ideals. communities after the Ayodhya verdict  Talking about the 70th Constitution by the Supreme Court of India. Day celebrated earlier this week, the