General Awareness

GOVERNMENT POLICIES AND SCHEMES - January 2019

Jan 2019

Dec 25, 2019

Ordinance to Amend Insolvency Law Gets Approval

The Union Cabinet cleared an ordinance to amend the Insolvency and Bankruptcy Code that would ring-fence successful bidders from criminal proceedings against offences committed by previous promoters, a move came four days after Prime Minister Narendra Modi promised to decriminalise business failures.
The move will help safeguard corporate debtors, protect last mile funding, boost investments in financially distressed sectors and speed-up the Corporate Insolvency Resolution Process (CIRP).

Centre Approves Scheme for Groundwater

The Cabinet approved the Atal Bhujal Yojana, a Rs. 6,000-crore scheme that will be implemented in the next five years, with an aim to improve groundwater management through community participation in seven states.
The scheme is expected to benefit nearly 8,350 gram panchayats in 78 districts in Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
The scheme, also known as 'Atal Jal', will promote panchayat-led groundwater management and behavioural change with primary focus on demand-side management. Of the total outlay of Rs. 6,000 crore, 50% will be in the form of World Bank loan and will be repaid by the Central government. The remaining 50% will be through Central assistance from budgetary support. The Bank's loan component and Central assistance will be passed on to states as grants.

Dec 23, 2019

Y. S. Jaganmohan Reddy Launches YSR Nethanna Nestham Scheme

Andhra Pradesh Government launched the YSR Nethanna Nestham Scheme in 2019 for weavers. Under this scheme, the state govt. will grant Rs. 24,000 per annum to handloom weavers. This scheme would be implemented from 21 December 2019. The AP YSR Netanna Hastam list of beneficiaries will be displayed in villages and towns.
The state govt. has also decided to hike allowance to fishermen to Rs. 10,000 from Rs. 4,000 during 60 day annual conservation period when fishing is not allowed.

Dec 22, 2019

Centre Launched EChO Network

Government of India launched EChO Network, a national program to provide a template for cross-disciplinary leadership in India. The network specifically focuses on increasing research, knowledge, and awareness of Indian ecology and the environment. It was launched in New Delhi by Prof. K. Vijay Raghavan, Principal Scientific Adviser to Centre. Currently, no such network is present anywhere in world, thereby, EChO Network establishes a new platform to change how science is embedded in our modern society.
Founding Partners of EChO Network are Bill and Melinda Gates Foundation, Centre for Cellular and Molecular Platforms (C-CAMP), Hindustan Unilever Limited (HUL), India Climate Collaborative (ICC), RoundGlass and Ashoka Trust for Research in Ecology and Environment (ATREE).
The objective of EChO network is to bring together leaders and individuals working hard to make a positive difference for Indian ecosystem and to share knowledge and synergize their efforts under umbrella of science.

Dec 21, 2019

PFRDA May Regulate all Pension Schemes

The finance ministry approved in principle making the Pension Fund Regulatory and Development Authority (PFRDA) the sole regulator for all Indian pension products.
The in-principle approval came from finance ministry for the PFRDA Act amendment which will make PFRDA the single regulator for pension products.
The proposal has been forwarded to other ministries and will need an approval from the cabinet. Final approval could come in a few months.

Dec 17, 2019

AP Passes Bills on RTC Merger, Boards for Pulses, Millets

The AP government tabled 18 Bills, including one each on millets board and pulses board, and absorption of RTC employees into government service, and they have been passed in the Assembly.
Stating the objectives of the Bill on the RTC employees, Transport Minister Perni Venkatramaiah (Nani) said that there is a general prohibition on absorption of employees working in PSUs into public service under Act 14 of 1997 and therefore in the facts and circumstances relevant to the operations of the APSRTC and the decision of the government, a separate legislation is considered expedient to bring about the implementation of the policy.

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