Short News Article

Polity and Governance

National Girl child Day

India celebrates National Girl Child Day every year on 24^th January.

About:

• The National Girl Child Day was first initiated in 2008 by the Ministry of Women and Child Development.
• The main focus is on changing society’s attitude towards girls, decrease female feticide and create awareness about the decreasing sex ratio.
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Pradhan Mantri Rashtriya Bal Puraskar-2022:

• Twenty-nine children were given the award on the occasion for their exceptional achievements in innovation, social science, education, sports, arts and culture and for demonstrating bravery.
• They were given digital certificates using blockchain technology and a cash prize of Rs. 1 lakh at an event held online.

Economy

NARCL has acquired its first stressed asset

The National Asset Reconstruction Company Ltd (NARCL) has acquired its first stressed asset — Jaypee Infratech — from lenders.

About National Asset Reconstruction Company Ltd (NARCL):

• NARCL has been incorporated under the Companies Act and has applied to Reserve Bank of India for license as an Asset Reconstruction Company (ARC). 
• NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain51% ownership inNARCL.

Polity & Governance

The use of purse seine nets allowed by the Supreme Court

The Supreme Court allowed the use of purse seine nets for fishing beyond the territorial waters of Tamil Nadu but within the Exclusive Economic Zone with certain conditions.

About:

• Purse seine fishing, deployed widely on India’s western coasts, uses a large vertical net to surround dense shoals of pelagic or midwater fish in the open ocean, and then draws in the edges like tightening the cords of a drawstring purse. 
• In some States, it is linked to concerns about the decreasing stock of small, pelagic shoaling fish such as sardines, mackerel, anchovies and trevally on the western coasts.