10 PM Current Affairs Quiz : December 27, 2018

National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011.  NIMZs are based on the principle of industrial growth in partnership with States and focuses on manufacturing growth and employment generation.
NIMZs are different from SEZs in terms of size, level of infrastructure planning, governance structures related to regulatory procedures, and exit policies.

North East Industrial Development Scheme (NEIDS), 2017 covers eligible industrial units in the manufacturing and service sectors Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim to promote industrialization and boost employment and income generation. The Scheme does not envisage sanction of projects, rather, eligible units are registered after following due process.
Central Capital Investment Incentive for Access to Credit (30% of the investment in plant & machinery with an upper limit of Rs. 5 crore)

The administration of Copyright Act, 1957 and Semiconductor Integrated Circuits Layout-Design Act, 2000 lies with Department of Industrial Policy and Promotion.
Under the Finance Act 2017, the Copyright Board has also been merged with the Intellectual Property Appellate Board (IPAB).

About Six-Member Panel:

• The six-member expert panel will be headed by former RBI Governor Bimal Jalan. Former Deputy Governor Rakesh Mohan has been named the vice chairman of the committee.
• This will be the first time a panel on RBI’s economic capital framework will have government representatives
• The previous three were headed by YH Malegam, Usha Thorat and V Subrahmanyam.

About Exchange Traded Fund:

• Exchange Traded Funds (ETFs) are mutual funds listed and traded on stock exchanges like shares.
• Index ETFs are created by institutional investors swapping shares in an index basket, for units in the fund. Usually, ETFs are passive funds where the fund manager doesn’t select stocks on your behalf. Instead, the ETF simply copies an index and endeavors to accurately reflect its performance.
• In an ETF, one can buy and sell units at prevailing market price on a real time basis during market hours.
• They are a basket of stocks with assigned weights that reflects the composition of an index
• The Bharat 22 ETF allows the Government to park its holdings in selected PSUs in an ETF and raise disinvestment money from investors at one go.
• ETF, Bharat 22 is a well-Diversified portfolio with 6 sectors (Basic Materials, Energy, Finance, FMCG, Industrials & Utilities)
• The ETF is aimed at helping speed up the government’s disinvestment programme.

About Olive Ridley Turtle

• The Olive Ridley sea turtle has been listed on Schedule – I of the Indian Wildlife (Protection) Act, 1972.
• The Olive Ridley turtles are the smallest and most abundant of all sea turtles found in the world, inhabiting warm waters of the Pacific, Atlantic and Indian oceans.
• It is closely related to the Kemp’s Ridley, with the primary distinction being that olive Ridleys are found only in warmer waters, including the southern Atlantic, Pacific and Indian Oceans.

Conservation status

• The Olive Ridley is classified as vulnerable according to the International Union for Conservation of Nature and Natural Resources (IUCN), and is listed in Appendix I of CITES.
• The Convention on Migratory Species and the Inter-American Convention for the Protection and Conservation of Sea Turtles have also provided Olive Ridleys with protection, leading to increased conservation and management for this marine turtle