Current Affairs 6th July

  Relations Topic ⟶ India–Trinidad and Tobago 1. 2. Six agreements signed between India Key Agreements & Initiatives Signed ties. and Trinidad & Tobago to deepen bilateral sectors India aims to expand presence in the Focus areas: Finance and pharmaceutical International Initiatives 1. 2. Trinidad and Caribbean region initiatives: Coalition for Disaster Resilient Tobago joins two Indian-led global Alliance (GBA) India donates $1 million Infrastructure (CDRI) Global Biofuel Promotes collaboration in: Millet cultivation worth agro-machinery to NAMDEVCO. Fact ⟶ General José de San Martín: Seaweed Fertilizer Natural farming Key Contributions:

1. 2. Leader of the Argentina’s National Hero against Spanish colonial rule. Known as the South American independence movement Chile: Defeated Spanish forces at the Battle “Liberator of Argentina, Chile, and Peru.” In (1818). Played a crucial role in liberating of Chacabuco (1817) and the Battle of Maipú O’Higgins. Chile with Chilean patriot Bernardo The Union Cabinet has approved the Topic ⟶ The Union Cabinet’s EmploymentLinked Incentive (ELI) Scheme with a budget of ₹99,446 crores. Aimed at job Employment Linked Incentive (ELI) scheme sector. Part of the 2024-25 budget promises. creation, especially in the manufacturing Implementing Agency: Employees’ Duration:

 

August 1, 2025 – July 31, 2027 Key Provisions: For Employees: The Union Provident Fund Organisation (EPFO) Linked Incentive (ELI) scheme with a budget Cabinet has approved the Employment especially in the manufacturing sector. Part of ₹99,446 crores. Aimed at job creation, August 1, 2025 – July 31, 2027 Implementing of the 2024-25 budget promises. Duration: Organisation (EPFO) Eligibility: New Agency: Employees’ Provident Fund Wage Benefit: One-month EPF wage (max recruits with salaries up to ₹1 lakh. EPF months of continuous service After 12 ₹15,000), paid in two instalments: After 6 benefit kept in a savings instrument, months of continuous service A portion of (Registered with EPFO): withdrawable later. For Employers provided: The employee is newly recruited. ₹3,000/month/employee for 2 years, months. For the manufacturing sector, Employment is sustained for at least 6 Key Concerns EPFO Role: As a savings incentives extend to 3rd and 4th year as well. government funds in EPFO’s corpus. Raises custodian, not a job creation agency. No transparency.

 

Lack of Structural Measures: questions about funding mechanism and slowdown Wage Stagnation Low purchasing Does not directly address: Economic Implementation Challenges: Risk of power of workers incentives without real job creation. Needs manipulation by employers to claim tracking, and independent audits. robust monitoring, transparent payroll