DAILY C.A 23
MAY 2020
1. 1 CRORE
TREATMENTS PROVIDED UNDER AB-PMJAY
·
Harsh
Vardhan to mark 1 crore treatments(milestone)
of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana(AB-PMJAY), the
flagship health assurance scheme of government since September 2018 has
inaugurated the 1st edition of Arogya Dhara, a series of webinars titled
“Ayushman Bharat: 1 crore treatments and beyond” which is created as an open
platform for discussion on topical issues of public health and launched ‘Ask
Ayushman’ a chatbot on WhatsApp & “Hospital Ranking
Dashboard”.
·
Minister
of State(HFW), Ashwini Kumar Choubey was present during the webinar.
·
Apart
from this, he released a “Special edition of the AB-PMJAY beneficiary
electronic(e)-card” exhibiting the milestone of 1 crore hospital admissions
·
Launched
“Hindi version of the AB-PMJAY website” to enable effective
connection with the masses and to empower them with access to right information
through a user-friendly medium.
·
The
treatments worth Rs 13,412 crore have been provided through a growing network
of 21,565 public and private empanelled hospitals.
·
The
National Health Authority(NHA) is responsible for implementing the
scheme.
2. BAN GLOBAL
TENDER FOR PROCUREMENT UP TO RS 200 CRORES
·
Government
has notified the amendments to
the General Financial Rules(GFR) 2017 to
ensure that goods and services valued less than Rs 200 crores are procured from domestic
firms, which states that the global
tenders will be banned for
government procurement upto 200 crores as announced in the AatmanirbharBharat
Package.
·
This
move will boost domestic suppliers, particularly Micro, Small and Medium
Enterprises(MSMEs).
3. KHADI MASKS
TO EXPORT IN FOREIGN MARKETS
·
As
the Ministry of Commerce and Industries lifted the ban on export of
non-medical/ non-surgical masks of all types, now Khadi and village industries
commission (KVIC) is looking at exporting Khadi face masks to countries like
the USA, Dubai, Mauritius, several European and Middle East countries through
the Indian embassies.
·
In
this regard, KVIC has already developed double layered cotton masks and
triple-layered silk face masks.
·
If
this came to effect then it will be a perfect example of “local the global”, a
call in wake of AtmaNirbhar Bharat Abhiyan .
4. CABINET APPROVES EXTENSION OF PMVVY TILL
2023
·
Union
Cabinet has approved the extension of the Pradhan Mantri Vaya Vandana Yojana
(PMVVY) for further 3 years till March 31, 2023 from March 31, 2020.
·
The
assured rate of return for fiscal 2020-21 has been pegged at 4% per
annum. Earlier, the scheme offered an assured return of 8%.
·
PMVVY
scheme, implemented through the Life Insurance Corporation (LIC), gives a
guaranteed payout of pension at a specified rate for 10 years to senior
citizens (60 years and above) based on an assured return on the purchase price
or subscription amount.
·
It
also offers a death benefit in the form of return of purchase price to the
nominee.
5. MONETARY
POLICY STATEMENT 2020-21 RELEASED BY RBI
·
The
three-day (May 20 to 22,2020) Monetary Policy Committee (MPC) virtual meeting
by the 6 members was headed by RBI Governor Shaktikanta Das with the members
Dr. Pami Dua, Dr. Ravindra H. Dholakia, Dr. Janak Raj, Dr. Michael Debabrata
Patra and Dr. Chetan Ghate.
·
All
members of the MPC unanimously voted to reduce the policy repo rate under the
liquidity adjustment facility (LAF) to 4.0 % to continue with the accommodative
stance as long as it is necessary to revive growth and mitigate the impact of
coronavirus (COVID-19 on the economy.
|
Policy
rate
|
New Rate
|
Previous Rate
|
Change in Basis points (bps)
|
|
Policy Repo Rate
|
4.0%
|
4.40 %
|
40
|
|
Reverse Repo Rate
|
3.35%
|
3.75%
|
40
|
|
Marginal Standing Facility
Rate
|
4.25%
|
4.65%
|
40
|
|
Bank Rate
|
4.25%
|
4.65%
|
40
|
|
Cash reserve Ratio (CRR)
|
3%
|
3%
|
No change
|
|
Statutory Liquidity Ratio (SLR)
|
18.00%
|
18.25%
|
25
|
·
India’s
2020-21 GDP growth rate expected to be negative: RBI Governor
6.
IRDAI APPROVES UNION BANK 30% HOLDING IN
INDIA FIRST LIFE INSURANCE
·
Insurance
Regulatory and Development Authority of India(IRDAI) has approved
the proposal of the state owned lender Union Bank of India-UBI(which
holds 25.1% stake in Star Union Dai-Chi Life) to continue with its 30% holding
in IndiaFirst Life Insurance.
·
The
holding is with condition that- the lender will not exercise management or any
control over the insurer’s management & in appointing separate directors on
the board or IndiaFirst and Star Union Dai-Chi and in case of any conflict in
the decision will be taken up with the Reserve Bank of India(competent
authority)
7. KKR BUYS
2.32% IN JIO PLATFORMS FOR RS 11,367 CRORES
·
Reliance
Industries Limited(RIL) announced the sale of a 2.32 % stake
in its digital unit, Jio Platforms to US private equity giant KKR for Rs
11,367 crores, which is the 5th deal of Jio since 22 April
that will inject Rs 78,562 crores in RIL to cut debt.
Previous deals by Jio
|
Date
|
Name of the Company
|
Stake %
|
Amount in crores
|
|
April 22
|
Facebook
|
9.99%
|
Rs 43,574
|
|
May 4
|
Silver Lake
|
1.15%
|
Rs 5,665.75
|
|
May 8
|
Vista Equity Partners
|
2.32%
|
Rs 11,367
|
|
May 17
|
General Atlantic
|
1.34%
|
Rs 6,598.38
|
8.
INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY 2020-MAY 22
·
Theme
for the year 2020: Our solutions
are in nature.
