General Awareness

GOVERNMENT POLICIES AND SCHEMES - August 2023

Aug 2023

Dec 04, 2024

Lok Sabha Passes Banking Laws (Amendment) Bill Allowing 4 Account Nominees

The Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts.
Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs. 2 crore instead of the current limit of Rs. 5 lakh, which was fixed almost six decades ago.
The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote.

Rajya Sabha Passes Bill to Streamline Oil and Gas Exploration

The Rajya Sabha passed through voice vote the Oilfields (Regulation and Development) Amendment Bill, 2024, to streamline oil and gas exploration business in India and delinked petroleum operations from mining operations. It also broadens the scope of mineral oils expanding it to include naturally occurring hydrocarbon, coal bed methane and shale gas/oil.
Union Minister for Petroleum and Natural Gas Hardeep Puri moved the motion for the Bill and it was debated before its passage in the Upper House.
According to Puri, this Bill seeks to eliminate punishments in the form of imprisonment and enhances penalties for compliance and expeditious mechanism for levying penalties and handling appeals.
Opposition parties questioned the motive of the Bill and sought that it should be sent to a standing committee for scrutiny.

Dec 02, 2024

PM Modi to Launch 'Bima Sakhi Yojana' in Haryana

On December 9, Prime Minister Narendra Modi will launch the 'Bima Sakhi Yojana' in Panipat, Haryana, aimed at empowering women by creating job opportunities in the insurance sector. Under this scheme, women will become agents of the Life Insurance Corporation (LIC), enabling them to sell insurance and earn an income. This initiative is part of the broader efforts to promote women's empowerment and economic independence.
The 'Bima Sakhi Yojana' will be a milestone in empowering women across India. Women selected under the scheme will work as LIC agents, offering insurance services in their communities. This will not only generate employment for women but also promote financial literacy and security.

Nov 28, 2024

Gujarat Launches Cottage and Rural Industries Policy 2024-29

The Gujarat government introduced an ambitious Cottage and Rural Industries Policy 2024-29, aiming to bolster the cottage industry, preserve handicrafts, and enhance the sector's domestic and global market presence. The policy emphasises increased credit support, infrastructure development, and promotion of unique local products through initiatives like the One District One Product (ODOP) scheme and GI tagging for intellectual property protection. The policy was announced by Minister of Cottage Industries Balvantsinh Rajput and Minister of State for Cottage Industries Jagdish Panchal at Gandhinagar.
This policy aligns with Gujarat's long-standing tradition of nurturing its cottage industry and resonates with the "Local for Vocal" initiative championed by the Prime Minister. It builds upon past efforts to promote khadi and handicrafts while incorporating futuristic strategies to secure global recognition for Gujarat's artisanal products.

Nov 27, 2024

Delhi Govt Launches Portal for Old-Age Pension Scheme

Delhi government expanded its old-age pension scheme to include an additional 80,000 senior citizens, raising the total number of beneficiaries to 5.3 lakh. AAP Chief Arvind Kejriwal highlighted the government's commitment to social welfare and announced the launch of an online portal to make the application process more accessible. The new initiative aims to streamline the pension distribution process and ensure more senior citizens benefit from the scheme.
The government also introduced new pension amounts, depending on the age of the applicants. Senior citizens between the ages of 60-69 will receive Rs. 2,000 monthly, while those aged 70 and above will receive Rs. 2,500 per month. Additionally, Delhi Minister Saurabh Bharadwaj announced plans to provide a monthly pension of Rs 5,000 for differently-abled individuals.

Nov 26, 2024

Centre Clears 'One Nation One Subscription' for Access to Research Articles, Journals

Prime Minister Narendra Modi-led central cabinet granted its approval to a new scheme named 'One Nation One Subscription' (ONOS) for providing country-wide access to scholarly research articles and journal publications.
As a central sector initiative, ONOS will enable nationwide access to a vast repository of high-impact research articles and journal publications.
The scheme aims to democratise academic and scientific knowledge, creating a fertile ground for research and innovation throughout the country.
A total of about Rs. 6,000 crore has been allocated for One Nation One Subscription for three calendar years, 2025, 2026 and 2027 as a new Central Sector Scheme (CSS).
The benefits of 'One Nation One Subscription' scheme will be provided to all higher educational institutions under the management of the Central or state government and research & development institutions of the Central government through a national subscription coordinated by the Information and Library Network (INFLIBNET), an autonomous inter-university centre of the University Grants Commission (UGC).

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