Parsis Current Affairs - 2019

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Parsis Celebrate Navroz

Navroz is the Iranian New Year celebrated by several ethnolinguistic communities around the world irrespective of their religious background. In India Parsis who follow Zoroastrianism celebrate Navroz.  Navroz was celebrated on March 21st.

Genesis of Navroz

The Navroz celebrations can be traced back to 6th Century BC, back when the Iranian community was homogeneously Zoroastrians. As the community got divided over the years people of Iranian origin worldwide continued following Zoroastrian traditions together with Iranian New Year as well.

March 21 which is the first day of the Iranian calendar is also marked as the day King Jamshid was crowned as the King of Persia. King Jamshid holds a great significance in Zoroastrianism and the day of his coronation is generally considered to be the beginning of the New Year among Iranian people.

Navroz is also the day of the Spring equinox and the rituals are performed based on the movements of the sun during the course of the day.

Month: Categories: Art & CultureUPSC

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Steps to Strengthen the functioning of the NMDFC

The following steps have been taken to assist the National Minority Development Finance Corporation (NMDFC) for effective implementation of its schemes:

  • The Ministry of Minority Affairs is providing grant-in-aid assistance for strengthening the infrastructure & operational capability of State Channelising Agencies (SCAs), for effective implementation of NMDFC schemes.
  • A new Annual Family Income eligibility criterion of up to Rs.6.00 lacs per annum has been introduced for greater coverage of persons from the targeted minority communities.
  • Quantum of loans under the Term Loan scheme increased from Rs.10.00 lacs to Rs.30.00 lacs, while under Micro Finance scheme, it has been increased from Rs.0.50 lacs to Rs.1.50 lacs per SHG member.
  • Under the Education Loan scheme, the quantum of loan has been increased from Rs.5.00 lacs to Rs.20.00 lacs for domestic courses & from Rs.10.00 lacs to Rs.30.00 lacs for courses abroad.
  • Self Declaration/Self Certification/Self Attestation of documents has been adopted in case of Religion Certificate, Family Income, Residence Proof, Mark Sheet, etc.
  • Transfer of loan directly in Bank Account of Beneficiary through National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement (RTGS) Insurance of beneficiary and their assets to safeguard against any untoward incident.

National Minorities Development and Finance Corporation (NMDFC)

The National Minorities Development and Finance Corporation (NMDFC) is a not for profit company under the companies act 1956. It works under the aegis of Union Ministry of Minority Affairs and was constituted in 1994.

Minority Communities in India

The notified Minorities under the National Commission  for Minorities Act, 1992, are Muslims, Christians, Sikhs, Buddhists & Parsis. Jain community was also added into the list of notified Minority Communities in January 2014.

NMDFC aims to provide concessional finance to the notified Minorities for the self-employment/ income generation activities.

Month: Categories: Governance & PoliticsUPSC

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