Disinvestment in Central PSU:
- The Government has created a ‘National Investment Fund’ in 2005
- The funds from the disinvestment of Central Public Sector Enterprises are added to NIF.
- This was done to uphold the principle that the funds from disinvestment should go back to investment and not to fill fiscal deficit.
- Earlier NIF was under the Department of Disinvestment under Union Finance Ministry which was renamed as Department of Investment and Public Asset Management (DIPAM).
- Now, the government has transferred the role of DIPAM to Department of Economic Affairs.
- It is now responsible for advising the government on quantum of disinvestment in CPSE and utilization of those funds, if Government retains 51% equity and management control.
MoU on MSME Cooperation with IORA:
- The Indian Ocean Rim association (IORA) is an international organization to promote sustainable development and economic cooperation and liberalization among the member countries bordering the Indian Ocean.
- Its headquarters is in Mauritius.
- A MoU on MSME cooperation is now finalized with IORA and GOI.
- IORA special fund was created to carry out the activities under the MoU.
- The focus areas of MoU are,
- Finalizing linkages among various MSME organizations and associations in their respective countries.
- Exchange best practices and greater involvement of MSME in the global supply chain.
- Promote access to finance innovation and explore trade and investment opportunities and participate in trade fairs.
Nizamuddin Auliya:
- The 713th death anniversary of Sufi saint Nizamuddin Auliya was was recently observed by reciting qawwals in the Nizamuddin dargah.
- Nizamuddin Auliya is a sufi saint belonging to the Chisti order.
- Nizamuddin Auliya’s predecessors were Qutbuddin Bakhthiyar Kaki, Khwaja Moinuddin Chisti. His notable disciple was Amir khusrow.
- Qawwali is the form of sufi devotional music popular in South Asia and ghazal is a form of Qawwali.
Chisti Order:
- The Chisti order is a Sunni Sufi order within the Sufi tradition of Islam. The order believed in drawing close to God through renunciation of the world and service to humanity.
- This order is primarily followed in Afghanistan and Indian Subcontinent.
- The Chisti order is the first of the four main Sufi orders – Chisti, Qadiriyya, Suhrawardiyya and Naqshbandi order.
