Current Affairs June 1 to June 7, 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- In the first cabinet meeting the following decisions were taken:-
- For the first time, Pradhan Mantri Kisan Pension Yojana (a new central sector scheme) for the small and medium farmers (SMF) has been approved.
Features of the Scheme:-
- Around 5 Crore SMF will be benefitted in the first three years at an estimated budget of Rs 10,774.50 crores.
- Fixed pension of Rs 3,000 will be provided to the eligible SMF (between the age of 18- 40) after their retirement.
- LIC will provide the pension pay-out and will manage the pension fund.
- Farmers can directly contribute the benefits received from PM Kisan Samman Nidhi Yojana against this scheme.
- Extension of PM-KISAN Samman Nidhi Yojana’s benefit (of Rs 6,000 a.) to all eligible farmers in the country.
- Earlier, only farmers having 2 hectares cultivable land were eligible under this scheme.
- It will cost Rs 12,000 crores more to cost Rs 75,000 crores to government.
- The amount of PM scholarship scheme under the National Defence Fund has been increased from Rs 2,000 p.m. to Rs 2,500m. for boys and from Rs 2,250 p.m to Rs 3,000 p.m. for girls.
- From now, the children of state police officials (who were killed during naxal/terror attacks) will also be granted a scholarship quota that is 500 in a year under the nodal Ministry of Home Affairs.
- Purpose: – To encourage technical and postgraduate education for widows and wards of deceased personnel of the armed forces, paramilitary forces and Railway Protection Force.
- To fully control the Foot and Mouth Disease (FMD) and Brucellosis to support the livestock rearing farmers, at a budget of 13,343 crores for the next 5 years.
- In case of FMD, the scheme will provide vaccination coverage to 30 crore bovines (cows-bulls and buffaloes) and 20 crore sheep/goat and 1 crore pigs at 6 months’ interval along with primary vaccination in bovine calves.
- Brucellosis control programme shall cover 100% vaccination coverage of 6 crore female calves.
- The programme so far has been implemented on cost sharing basis between the Central and State Governments.
· It is a severe, highly contagious viral disease of cattle, swine, sheep, goats, deer, and other cloven-hooved ruminants.
· If a cow or buffalo is infected with FMD, the milk loss is up to 100% which lasts for 4-6 months.
· Brucellosis can cause infertility in animals. Its infection can be transmitted to the farm workers and livestock owners.
· In cattle, Brucellosis reduces the milk output by 30% in the entire life cycle.
- A new pension scheme has been launched for traders, as a part of the Universal Social Security, which covers 3 crore small shopkeepers and traders.
- Under the scheme, Rs 3,000 will be given to retail traders and shopkeepers after 60 years of age.
- Retail or self-employed traders with GST turnover below Rs. 1.5 crore and age between 18-40 years, can enrol for this scheme.
- Draft of National Education Policy crafted by K Kasturiranjan committee was presented to HRD Ministry. The policy includes: –
· To provide early childhood care and education to children between 3 to 6 years by 2025 in schools and anganwadis.
· These institutions will also provide similar support to families for children younger than three years of age—within their homes.
|SECOND||Every student will start achieving age-appropriate foundational literacy and numeracy by 2025.|
· There will be no separation of curricular, co-curricular or extra-curricular areas—with all in a single category of equal importance.
· Vocational and academic streams will be integrated and offered to all students.
|FOURTH||Extension of age limit under Rights to Education Act (2009) from 6 to 14 years earlier to 3 to 18 years.|
|FIFTH||4-year integrated stage-specific B.Ed programme for teachers will be the minimum degree qualification.|
· Only, three types of higher education institutions will be there:
o Type 1 universities focused on research but also teaching all programmes, undergrad to doctoral;
o Type 2 universities focused on teaching all programmes while also conducting research and;
o Type 3 colleges focused on teaching undergrad programmes. All types will grant their own degrees.
· There will be no system of university affiliations.
- Two New cabinet committees have been formed which will be headed by PM Narendra Modi –
- Cabinet Committee on Investment and Growth – To spur the economic growth
- Cabinet Committee on Employment and Skill Development – To deal with unemployment
- Other six committees – Cabinet Committee on Appointments, Accommodation, Parliamentary Affairs, Political Affairs and Security.
- All will be headed by PM except, Committee on Accommodation and Parliamentary Affairs which will be headed by Amit Shah and Raj Nath Singh respectively.
- Indian Meteorological Department (IMD) issued red code warning for Delhi owing to the worsening hot temperatures.
- On 30th May, 8 degree Celsius- highest in five years- temperature was recorded in Delhi.
|In large areas, heat wave is declared at 45 degrees Celsius (for two consecutive days) and severe heat wave at 47-degree mark for two days consecutively.|
|In small areas, like the national capital, heat wave is declared if the temperature soars to 45 degrees Celsius even for a day.|
- Bihar Cabinet has sanctioned Rs. 384 crore under the Chief Minister Old Age Pension Scheme for 2019-20 from the Bihar Contingency Fund; of Rs 400 to people between 60-79 years and Rs 500 to people above 80.
- The corpus of the contingency fund has also been increased from Rs 350 crore to Rs 8020.04 crore till March 30, 2020 to withdraw funds in advance for carrying out development work which had not got budgetary allocation.
- Bihar will also pay ex-gratia payment to those who died while discharging their duties during general elections, assembly elections or by-polls (the cost will be shared between centre and the state on 50:50 basis).