On December 20, 2024, the Government of India and the Asian Development Bank (ADB) signed a $350 million policy-based loan aimed at expanding India's manufacturing sector and improving the resilience of its supply chains. This loan is part of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program.

Key Points:

• Loan Agreement Signatories:
  • Department of Economic Affairs (DEA), Ministry of Finance, Government of India
  • Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry
  • Asian Development Bank (ADB)
• SMILE Program:
  • Goal: Strengthen the logistics ecosystem to enhance India's manufacturing sector and improve supply chain resilience.
  • Structure: The program includes two subprograms focusing on strategic reforms in logistics and infrastructure development.
• Key Features of the SMILE Program:
  • Strengthening Multimodal Infrastructure: Enhances logistics infrastructure at the national, state, and city levels.
  • Standardization: Improves warehousing and other logistics assets to attract private sector investment.
  • External Trade Logistics: Enhances efficiencies in external trade logistics.
  • Smart Systems: Adopts systems for efficient, low-emission logistics to promote sustainability.
• Expected Outcomes:
  • Cost Reduction & Efficiency: Strategic reforms will reduce logistics costs and improve efficiency.
  • Job Creation: Infrastructure development and reforms are expected to generate substantial employment opportunities.
  • Gender Inclusion: The program promotes gender inclusion through economic growth initiatives.
• Impact on India’s Economy:
  • The transformation of India’s logistics sector will enhance the competitiveness of the manufacturing sector and drive sustainable economic growth.

About the Asian Development Bank (ADB):

• Headquarters: Mandaluyong, Metro Manila, Philippines.
• Established: December 19, 1966.
• Members: 69 countries, including both regional (e.g., India, China) and non-regional (e.g., USA, Japan) members.
• Function: ADB promotes social and economic development in Asia and the Pacific, providing loans, grants, and technical assistance for development projects.
• Key Shareholders:
  • Japan: 15.57%
  • USA: 15.57%
  • India: 6.32%
  • China: 6.43%
  • Australia: 5.77%

In News:

• The prestigious National Tansen Samman for 2023 was conferred upon Pt. Swapan Choudhary, a renowned tabla maestro from Kolkata, at the National Tansen Festival held in Gwalior, Madhya Pradesh.

Key Highlights:

• Tansen Festival: This festival, renowned for its celebration of classical music, is organized annually in Gwalior, which is considered the music capital of Madhya Pradesh.
• Prize Details: As part of the honor, Pt. Swapan Choudhary was presented with an honorarium of five lakh rupees, a citation plaque, and a shawl-shriphal.
• About the Award:
  • The National Tansen Samman was established in 1980 by the Madhya Pradesh government to recognize exceptional contributions to Indian classical music.
  • It is named after Tansen, one of India's most celebrated classical musicians.
  • The award is the highest national honor in the field of Indian classical music.
• Additional Award:
  • Raja Mansingh Tomar Samman for 2023 was awarded to Sanand Nyas, an institution from Indore. This institution has been active for 35 years in the promotion of classical music, drama, and cultural festivals.
• Pt. Swapan Choudhary’s Remark: In response to receiving the honor, Pt. Choudhary expressed his gratitude and pride in joining the ranks of distinguished artists awarded the National Tansen Samman.

About Tansen: The Iconic Musician

• Legacy: Tansen, also known as Miyan Tansen, was a prominent Indian classical musician, composer, and vocalist. He is credited with popularizing several ragas and revolutionizing the Indian classical music tradition.
• Role at Akbar’s Court: Tansen was one of the Navaratnas (nine jewels) in the court of Mughal Emperor Akbar. He held the title of Mian, meaning "learned man," bestowed upon him by Akbar.
• Contributions:
  • Tansen is famous for his compositions, including the introduction of notable ragas such as Miyan ki Malhar, Miyan ki Todi, and Darbari.
  • He also improved the plucked rabab, which is of Central Asian origin, enhancing its role in Indian classical music.
• Historical Influence: Tansen's life and work are surrounded by extensive legend, and his contributions remain deeply influential in the development of Indian classical music today.