Natioanal Current Affairs

Paschim Lehar: Tri-service maritime exercise held off western coast

Tri-service maritime exercise ‘Paschim Lehar’ was held off India’s western coast with an aim to build interoperability between Indian Navy, Indian Army, Indian Air Force and Coast Guard.

This exercise includes participation of large number of ships, submarines and aircraft from Western Naval Command of Indian Navy and units from Eastern Naval Command, Indian Army, Air Force and Coast Guard.

Key Facts

Over 40 ships and submarines and similar number of maritime surveillance, fighter aircraft, helicopters and Remotely Piloted Aircraft of Indian Navy and IAF are participating in the exercise. It will test operational tasking and amphibious capabilities of armed forces, along with elements of Army Amphibious Brigade.

The exercise also includes number of weapon firings, including missile, gun and torpedo firings during initial phase. The second phase of the exercise is structured to validate and refine the operational plans of Western Naval Command.

Tags:

Government launches Trade Infrastructure for Export Scheme

The Union Ministry of Commerce & Industry has launched Trade Infrastructure for Export Scheme for developing export linked infrastructure in states with a view to promoting outbound shipments.

TIES seeks to bridge the critical infrastructure gap and provide forward and backward linkages to units engaged in trade activities.

About Trade Infrastructure for Export Scheme (TIES)

  • Objective: Enhance export competitiveness by bridging the gap in export infrastructure, which has not been addressed by any other scheme.
  • It would focus on projects like customs checkpoints, last mile connectivity, border haats and integrated check posts.
  • Beneficiaries: All central and state agencies including Commodities Boards, Export Promotion Councils, SEZ authorities and Apex Trade Bodies recognised under EXIM policy of Central Government are eligible for financial support.
  • Funding: The cost of projects will be equally shared by the Centre and the states in form of grant-in-aid. In normal cases centre will borne 50% of the total equity in the project.
  • For projects located in north-eastern and the Himalayan region states, Centre may bear 80% of the cost.
  • Funds from other sources: Projects leveraging of funds from bank financing will be promoted. It will not include recurring costs of land and operating & maintenance costs to be met through pay and use charges.
  • Priority will be given to the projects involving significant contribution by the implementing agency and bank financing for achieving financial closure.
  • Approval: An inter-ministerial empowered committee will sanction and monitor the projects. It will be headed by the commerce secretary.

Tags: