Atma Nirbhar Bharat Abhiyan Current Affairs - 2020

CBDT and CBIC sign MoU on Data Sharing

On July 21, 2020, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) signed Memorandum of Understanding to exchange data with each other.

Highlights

The agreement will help to facilitate exchange of information between the boards on regular basis. The agreement signed replaces the former agreement signed between Central Board of Excise and Customs (CBEC) and CBDT

The CBIC was established after GST (Goods and Services Tax) was introduced.

CBDT to share with MSMEs

Under Section 138 Income Tax act, CBDT will share data regarding sales of plant and machinery. The CBDT will soon start sharing data regarding sales, depreciation, gross turnover of MSMEs with the Ministry of MSMEs.

This is highly important as GoI has MSMEs in its high priority list. The MSMEs were badly affected due to COVID-19. Hence, GoI is now all set to boost the sector under Atma Nirbhar Bharat Abhiyan.

“Manodarpan” initiative to be launched by Ministry of HRD

On July 21, 2020, Ministry of Human Resources and Development will launch “Manodarpan” initiative under Atma Nirbhar Bharat Abhiyan. The initiative is being launched to provide psychosocial support to the students for their mental well being.

Highlights

The Ministry of Human Resources and Development believes that it is essential to provide focus on mental health of the students along with academic importance. This will help to strengthen human capital base in the country. Also, the initiative will increase overall productivity of working-age population in the country.

Atma Nirbhar Bharat Abhiyan

The programme aims to make India self-reliant. In order to achieve this, GoI has allocated Rs 20 lakh crores. The fund allocated is to be used in sectors that will make India, self-reliant. This includes Agriculture, MSME, fisheries, animal husbandry, diary industry, etc.

How will Manodarpan help in Atma Nirbhar Bharat Abhiyan?

For India to become self-reliant, the work force should be strong and highly skilled. Through the initiative, India will strengthen its future work force, especially during COVID-19 times. Students should be kept motivated and focused towards education. They are the backbone of skills of future India. Thus, the initiative will help the country become self-reliant.