Union Government has fully launched Green Skill Development Programme (GSDP).
Green Skill Development Programme (GSDP):
The Government has taken up an initiative for skill development in the environment and forest sector.
It is done so to enable India’s youth to get gainful employment and/or self-employment, called the Green Skill Development Programme (GSDP).
The programme aims to develop green skilled workers having technical knowledge and commitment to sustainable development to attain
Nationally Determined Contributions (INDCs)
Sustainable Development Goals (SDGs)
National Biodiversity Targets (NBTs)
GSDP has been conceptualized and developed by MoEF&CC in consultation with National Skill Development Agency (NSDA).
It aims to train over 5.5 lakh workers in environment and forest sectors in the country through 30 courses by 2021.
The ministry will take up skill development of youth in the environment and forest sectors through 30 courses.
It will do so through its Environment Information System (ENVIS) hubs and resource partners as well as other institutions across the country.
The certificate courses, having duration of 80 hours to 560 hours, will be open for admission from July.
The app can be used for more information and applying to the courses.
Many of these course are open for admission to 10th and 12th dropouts.
The bouquet of courses include:
River dolphin conservator
Water budgeting and auditing
Forest fire management
Management of small botanical gardens
Propagation and management of bamboo
Bird identification and basic ornithology
City environment surveyors, etc.
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PROMPT CORRECTIVE ACTION FRAMEWORK
G.S. Paper 2
Why in news?
RBI has put DENA Bank under PCA Framework.
Prompt Corrective Action (PCA) Framework:
RBI has issued a policy action guideline in the form of Prompt Corrective Action (PCA) Framework if a commercial bank’s financial condition worsens below a mark.
The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action.
These trigger points are expressed in terms of parameters for the banks.
The parameters that invite corrective action from the central bank are:
Capital to Risk weighted Asset Ratio (CRAR):
CRAR less than 9%, but equal or more than 6%
CRAR less than 6%, but equal or more than 3%
CRAR less than 3%
Net Non-Performing Assets (NPA):
Net NPAs over 10% but less than 15%
Net NPAs 15% and above
Return on Assets (RoA):
ROA below 0.25%
When these parameters reach the set trigger points for a bank (like CRAR of 9%, 6%, 3%), the RBI will initiate certain structured and discretionary actions for the bank.
Some of the structured and discretionary actions that could be taken by the Reserve Bank are:
Restrictions on borrowing from inter-bank market to steps to merge/amalgamate/liquidate the bank or impose moratorium on the bank if its CRAR does not improve beyond etc.).
The corrective actions are tough with worsening of the financials.
The PCA framework is applicable only to commercial banks and not extended to co-operative banks, non-banking financial companies (NBFCs) and FMIs.
PCA on Dena Bank:
Earlier the RBI in April 2017 had issued a new set of enabling provisions under the revised PCA framework with a clause that if the bank does not show improvement then it could be either be merged or taken over by other bank.
Now, in 2018, the Reserve Bank has initiated prompt corrective action against public sector lender Dena Bank NSE -0.81 %.
This has been done in view of high non-performing loans, restricting the bank from giving fresh credit and new hiring.
This means Dena bank can disburse loans for credit facilities already sanctioned, but cannot sanction fresh loans.
In addition, RBI also has barred from recruiting more staff.
RBI may lift these restrictions in case the bank improves profitability and reduces the ratio of bad loans.