Achievement Tracking - Modi 2.0 Govt - No Discussions

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Nikhil T
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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Nikhil T » 31 Aug 2019 00:57

Centre transfers Rs 47,000 crores to states for increasing green cover

Hugely welcome step. This money was being collected from the industry since last two decades, but was never used. Just hope GoI has good monitoring so that the money is not eaten up by incompetence or corruption. India needs more green cover desperately to improve the living conditions and ensure water availability.

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Mollick.R » 31 Aug 2019 14:35

10 public sector banks to be merged into four


https://www.livemint.com/news/india/pnb-obc-and-united-bank-to-be-merged-nirmala-sitharaman-1567158678718.html

Canara Bank and Syndicate Bank to be merged; Union Bank, Andhra Bank and Corporate Bank to be merged
Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and United Bank of India to be merged; Indian Bank and Allahabad Bank to be merged

Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks: 10 public sector banks to be merged into four. Under the scheme of amalgamation, Indian Bank will be merged with Allahabad Bank (anchor bank - Indian Bank); PNB, OBC and United Bank to be merged (PNB will be the anchor bank); Union Bank of India, Andhra Bank and Corporation Bank to be merged (anchor bank - Union Bank of India); and Canara Bank and Syndicate Bank to be merged (anchor bank - Canara Bank). In place of 27 public sector banks in 2017, now there will be 12 public sector banks after the latest round of consolidation of PSU banks. The consolidation of public sector banks will give them scale, the finance minister said.

The government also announced capital infusion totalling over ₹55,000 crore into public sector banks: PNB ( ₹16,000 crore), Union Bank of India ( ₹11,700 crore), Bank of Baroda ( ₹7000 crore), Indian Bank ( ₹2500 crore), Indian Overseas Bank ( ₹3800 crore), Central Bank ( ₹3300 crore), UCO Bank ( ₹2100 crore), United Bank ( ₹1,600 crore) and Punjab and Sind Bank ( ₹750 crore).

Last year, the government had approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) that become effective from April 1, 2019. In 2017, the State Bank of India absorbed five of its associates and the Bharatiya Mahila Bank.

Here are the highlights of what the finance minister said today:

We want banks with strong national presence and enhanced risk appetite

Indian Bank to be merged with Allahabad Bank (anchor bank - Indian Bank)

Consolidated Indian Bank and Allahabad Bank to be 7th largest public sector bank with cRs 8.08 lakh crore business ((anchor bank - Indian Bank)

PNB, OBC and United Bank to be merged (PNB will be the anchor bank)

Union Bank of India, Andhra Bank and Corporation Bank to be merged (anchor bank - Union Bank of India)

Consolidated Union Bank of India, Andhra Bank and Corporation Bank to be 5th largest public sector banks with ₹14.6 lakh crore business

Canara Bank and Syndicate Bank to be merged
Consolidated Canara Bank and Syndicate Bank to be 4th largest public sector bank with ₹15.2 lakh crore business
No retrenchment has taken place post merger of Bank of Baroda, Dena Bank and Vijaya Bank; staff has been redeployed and best practices in each bank have been replicated in others. 8 PSU banks have so far launched repo rate-linked loans

Loan tracking mechanism in PSU banks is being improved for the benefit of customers

4 NBFCs have found liquidity support through PSU banks since last Friday

For NBFCs, partial credit guarantee mechanism has already been implemented

Govt working on banking reforms

Gross NPAs of PSU banks have come down

Provision coverage ratio highest in 7 years

Best practices of each bank in consolidation of Vijaya Bank, Bank of Borada and Dena Bank have been absorbed

Non-official directors to perform role analogous to independent directors

Public sector banks enabled to do succession planning

Bank boards given flexibility to fix sitting fee of independent directors

Bank of India, Central Bank of India will continue as public sector banks
"To make management accountable to board, board committee of nationalised banks to appraise performance of general manager and above including managing director," Sitharaman said.

Post consolidation, boards will be given flexibility to introduce chief general manager level as per business needs. They will also recruit chief risk officer at market-linked compensation to attract best talent.

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Mollick.R » 31 Aug 2019 14:48

Image


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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby jaysimha » 17 Sep 2019 15:37

https://www.dailypioneer.com/2019/state ... nched.html

National cyber crime reporting portal launched
Sunday, 01 September 2019 | Staff Reporter | RAIPUR

Ministry of Home has launched the national cyber crime reporting portal where the citizens can log on to https://cybercrime.gov.in and lodge complaint on cyber crimes

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby jaysimha » 24 Sep 2019 12:44

https://www.oil-india.com/pdf/100-Days.pdf
major achievements of
Min of petroleum and natural gas
during 100 days

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Mollick.R » 24 Sep 2019 15:13

Though little late but still posting it for records.........


Corporate tax cut: Modi govt gives big relief to India Inc, slashes rate to 22% from 30%


FM Nirmala Sitharaman announced that effective corporate tax rate, inclusive of all surcharges and cess, for the domestic companies would be 25.17%, and that for new manufacturing companies would be 17%

Corporate tax cut: Finance Minister Nirmala Sitharaman Friday announced the government's decision to cut corporate tax rate for domestic firms and new domestic manufacturing companies. The Finance Minister said the current corporate tax rate has been brought down to 22% from 30%. She added the effective corporate tax rate for the companies would be 25.17% inclusive of all surcharges and cess. For new manufacturing companies the existing tax has been reduced to 15% from rate 25%. The effective tax rate after surcharges and cess will be 17%.

"In order to promote growth and investment, a new provision has been included in the Income Tax Act, that allows any domestic companies an option to pay income tax at the rate of 22% without exemptions. Amendments will be made through an ordinance to IT Act," said Sithraman in a press conference ahead of the GST Council meet in Goa.

Sitharaman further announced companies which pay corporate tax at 22%, without any exemption or incentives, would not be required to pay Minimum Alternative Tax (MAT). Making the announcement, the finance minister said the new tax rate would be applicable from the current fiscal which began on April 1.

Sitharaman said that the revenue foregone on reduction in corporate tax and other relief measures would amount to Rs 1.45 lakh crore annually. This, she said, was being done to promote investment and growth.


https://www.businesstoday.in/current/economy-politics/nirmala-sitharaman-finance-minister-slash-corporate-tax-rate-domestic-firms/story/380221.html

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Mollick.R » 24 Oct 2019 12:24

India moves up 14 spots to 63 on World Bank's ease of doing business

WASHINGTON: India jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking released on Thursday, riding high on the government's flagship 'Make in India' scheme and other reforms attracting foreign investment. The country also figured among the top 10 performers on the list for the third time in a row. The rankings come at a time when the Reserve Bank of India (RBI), World Bank, International Monetary Fund (IMF) and various rating agencies have slashed the country's growth forecasts amid a slowdown in the global economy.

India was ranked 142nd among 190 nations when Prime Minister Narendra Modi took office in 2014. Four years of reform pushed up India's rank to 100th in World Bank's 'Doing Business' 2018 report. It was 130th in 2017 when it was ranked lower than Iran and Uganda. Last year, the country jumped 23 places to the 77th position on the back of reforms related to insolvency, taxation and other areas.

In its 'Doing Business' 2020 report, the World Bank commended the reform efforts undertaken by the country "given the size of India's economy". "This is the third year in a row that India makes to top 10 in Doing Business, which is a success which very few countries have done over the 20 years of the project, Without exception, the other countries that have done this are very small, population-wise, and homogeneous," Simeon Djankov, Director of Development Economics at the World bank told PTI in an interview. "India is the first country of its type to achieve that. It has jumped this year by 14 position," he said.

Apart from India, the other countries on this year's 'top 10 performers' list are Saudi Arabia (62), Jordan (75), Togo (97), Bahrain (43), Tajikistan (106), Pakistan (108), Kuwait (83), China (31) and Nigeria (131).


Prime Minister Modi's 'Make in India' campaign focused on attracting foreign investment, boosting the private sector — manufacturing in particular — and enhancing the country's overall competitiveness, the World Bank said in its report.

.................

While the competition to move up the ladder would increase and become much tougher, India is on track to be within top 50 of the Ease of Doing business in the next year or two, Djankov told PTI in response to a question. And to come under 25 or below 50, the Modi government needs to announce and start implementing next set of ambitious reforms now, as these reforms takes a few years to be realized on the ground, he said. "The administration's reform efforts targeted all of the areas measured by Doing Business, with a focus on paying taxes, trading across borders, and resolving insolvency.
The country has made a substantial leap upward, raising its ease of doing business ranking from 130 in Doing Business 2016 to 63 in Doing Business 2020,” the report said. One of the main reasons for improvement in India's ranking this year goes to the successful implementation of the Insolvency And Bankruptcy Code, the World Bank official said.


"Before the implementation of the reform, it was very burdensome for secured creditors to seize companies in default of their loans," the report said.

Image


https://timesofindia.indiatimes.com/business/india-business/india-moves-up-14-spots-to-63-on-world-banks-ease-of-doing-business/articleshowprint/71731668.cms

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Nikhil T » 29 Oct 2019 11:44

Nice writeup of Modi's retaliation against Turkey and Malaysia

How Modi Govt is using aggressive diplomacy to its advantage

In the mean streets of international politics, if someone harms you and you take it lying down, the chances are that you will be pushed around as a patsy whom no one respects or fears. Knowing when to retaliate, in what proportion, and against whom is an essential aspect of growing up and holding one’s own in the competitive dog-eat-dog world of realpolitik.

The nationalistic ‘New India’ of Prime Minister Narendra Modi has made some tough decisions. Be it surgical military strikes across borders, isolation campaigns against state sponsors of terrorism or international legal cases to secure justice for its citizens, the Modi government has vigorously defended India’s national interests.

Another element of this assertive diplomacy trend is emerging. India is leveraging its economic power and global standing to rap countries that are crossing it on core interests.

The forceful measures New Delhi adopted to convey its its displeasure to Turkey and Malaysia after their leaders criticised India’s revocation of Article 370 in Jammu & Kashmir and assisted Pakistan to avoid being blacklisted at the Financial Action Task Force (FATF) indicate that a Rubicon has been crossed. India will no longer meekly grumble and move on.

Turkish President Recep Tayyip Erdogan’s propaganda at the United Nations that Kashmiris were “virtually under blockade with 8 million people, unfortunately, unable to step outside”, , and the fake news spread by Turkish and allied Islamist news outlets about massive protests in the Kashmir Valley, did not deserve to be forgiven by India.

Modi went into action through a variety of calibrated counterattacks. His proposed visit to Turkey was called off as a symbolic snub. A $2.3-billion contract to a Turkish company, Anadolu Shipyard, to build support vessels for the Indian Navy was put on the chopping block. And in light of Turkey’s controversial invasion of northern Syria, which violated international law and breathed new life into Islamic State terrorists, India came out swinging with uncharacteristically blunt condemnation of condemnation of Turkey’s illegal conduct.

To leave no one in doubt that this was payback for Kashmir, New Delhi expressed concern about Turkey “causing humanitarian and civilian distress” in occupied Kurdish areas.

A similar tit-for-tat unfolded with Malaysia, whose Prime Minister Mahathir Mohamad raised India’s hackles by accusing it at the UN of “invading and occupying the country” called Jammu and Kashmir. While there was no official ban of Malaysian palm oil imports to India, patriotic Indian traders drastically slashed them and purchased more from the substitute supplier, Indonesia — a Muslim-majority country neighbouring Malaysia which is secular and not hostile to India. The stakes are not minor here because India is Malaysia’s biggest customer of palm oil, buying up to $1.63 billion of it in 2018. A fall in Malaysia’s palm oil futures market and Mahathir’s remark that “it is bad to have what amounts to a trade war” with India suggest that India’s anger is registering.

Malaysia has also been trying to persuade India to join a mega-regional Asian trade agreement known as the Regional Comprehensive Economic Partnership (RCEP). Modi’s ‘three Ds’ (Democracy, Demography and Demand) are cards to bring Malaysia around to a balanced position or at least calm down its rhetoric on Kashmir. Given the decadeslong history of Mahathir’s usage of Islam for vote-bank politics in Malaysia, he will not apologise to India or abandon Pakistan. But since he is now in his early nineties and Malaysia runs a healthy trade surplus of $4.4 billion with India, Kuala Lumpur has more to lose than gain by annoying India in the medium to long terms.

The same cannot be said for Turkey, which has a trade deficit with India, and where Erdogan’s Islamist ideology has crossed all limits. Erdogan’s grandiose image as a leader of the entire Muslim world and his championing of causes worldwide where he believes Muslims are being victimised are obstacles for India to sway Turkey. Still, given the severe deterioration of the Turkish economy and the weakening of its currency in recent quarters, the loss of shipbuilding contracts from India worth billions and India’s refusal to sell sensitive dual-use explosives and detonators on which Turkey’s military manufacturers depend are strings which New Delhi can pull. India’s ultimate goal should be ‘compellence’, i.e. changing the behaviour of inimical countries through coercion. the Modi government has at least made a start by raising the costs for Turkey and Malaysia’s intemperate actions.

In an earlier era, India did a lot of handwringing when members of the Organisation of Islamic Cooperation (OIC), including Turkey and Malaysia, sided with Pakistan on grounds of religious solidarity. Then, the familiar lament in New Delhi used to be that we cannot make bigoted Islamist horses drink the water of reason. Now, Modi is challenging the diehard Pakistan-backers with material disincentives and daring them to back off.

The toughest nut to crack in this quest is China, which canvassed for ‘all-weather-ally’ Pakistan at the UN and chided India for “unilateral changes” in Kashmir.

Unlike relatively weak Turkey or Malaysia, China is a superior power with whom India has a direct disputed border and multiple vulnerabilities. India cannot risk arm-twisting China and hence Modi is trying a different route of managing bilateral differences with President Xi Jinping.

Great powers have historically flexed muscle to pressurise countries which irk them to fall in line.

Today, China and the United States have far bigger markets and militaries than India to succeed in ‘compellence’ games. But the fact that India has embarked on the path of carrying a big stick and wielding it is a welcome development.


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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby pankajs » 29 Oct 2019 15:03

https://timesofindia.indiatimes.com/bus ... 787729.cms
UPI hits 1 billion transactions in October, plans to go global

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby vijayk » 05 Nov 2019 21:02

Image


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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby darshan » 27 Dec 2019 02:03

Indian Railways Hits Major Safety Milestone: Ensures Zero Passenger Deaths In A Year For First Time Ever
https://swarajyamag.com/insta/indian-ra ... -time-ever

In a major safety milestone, the Indian Railways has hit a major safety milestone by ensuring zero passenger deaths in financial year 2018-19. This is the first time it has happened in its 166 year history, Business Today has reported.

As per the report, the total accidents including collisions, fire in trains, level crossing accidents and derailment have reduced by 95 per cent over a period of 38 years

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby jaysimha » 12 Feb 2020 17:00

Some how this dhaga is not popping out often //
----------
I got this link,, [MBD-if-RP]


https://mapp.ntpc.co.in/drishti

Drishti Dashboard was created as a part of Vision New India 2022 to redefine the role and responsibilities of CPSEs through real-time monitoring of action plans formulated
on the basis of seven challenges set by Shri Narendra Modi, Hon’ble Prime Minister of India.


https://dpe.gov.in/dashboard-monitoring-implementation-action-plans-cpses-cpse-conclave-2018

Dashboard
DPE, in association with NTPC, has developed ‘DRISHTI’ - Online Dashboard (https://mapp.ntpc.co.in/drishti) to facilitate real time update and monitoring of activities being undertaken by CPSEs and Ministries as part of implementation of action plans of CPSEs prepared in the context of CPSE Conclave 2018.

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby vimal » 24 Feb 2020 03:00

https://www.financialexpress.com/infras ... s/1876549/

Ease of doing business! Indian Railways freight rates may come down by 50% with dedicated freight corridors

The Indian Railways freight charges may get slashed by up to 50 per cent with the completion of the two dedicated freight corridors by December 2021. The government is working on a 3300 km long network of two dedicated freight corridors in the country which will be exclusively used to ply goods trains. The Rs 81,000 crore projects will not only reduce the time taken to transport goods drastically but also de-stress the existing tracks of the Indian Railways choked by increasing passenger and freight traffic.

The trains will run at a speed of 100 km per hour with the help of an automated signal system which will take the freight charges 50 per cent less than what is being charged by the Indian Railways, Managing Director of Dedicated Freight Corridor Corporation of India Limited (DFCCIL) Anurag Sachan was quoted as saying by PTI. He also informed that 120 trains per day from one side will run once the dedicated corridors become operational in December 2021.


DFCCIL has already expended a total of Rs 34,000 crore on the project in the last six years, Sachan said. He also said that owing to the critical importance of the project, the Prime Minister’s Office is also monitoring the project and is aiming to see the completion of the project in time.

We have also requested Prime Minister Narendra Modi to inaugurate the Operation Control Centre of EDFC in Prayagraj later this month, Sachan said. He further said that as soon as the work on these two corridors gets over, the corporation will start focusing on the next leg of the project which involves three more corridors namely East Coast corridor from Kharagpur to Vijaywada, South-East to West corridor from Bhusawal to Dhankuni (near Kolkata) and North-South sub-corridor from Vijaywada to Itarsi (in Madhya Pradesh).

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Postby jaysimha » 22 May 2020 15:06

Presentation made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19


Part 1 support indian economy
https://taxguru.in/finance/aatmanirbhar-bharat-abhiyaan-support-indian-economy.html
https://msme.gov.in/whatsnew/atmanirbhar-presentation-part-1-business-including-msmes-13-5-2020
https://msme.gov.in/sites/default/files/AtmanirbharPresentationPart-1BusinessincludingMSMEs13-5-2020_0.pdf

Part 2 for poor, migrants and farmers
https://taxguru.in/finance/atma-nirbhar-bharat-part-2-poor-including-migrants-and-farmers.html

Part 3 agriculture
https://taxguru.in/finance/atma-nirbhar-bharat-part-3-agriculture.html

part 4 defence, space, atomic energy etc..
https://taxguru.in/finance/atmanirbhar-bharat-part-4-new-horizons-of-growth.html

Policy Reforms – Defence Production

FDI limit in the defence manufacturing under automatic route will be raised from 49% to 74%
Time-bound defence procurement process and faster decision making will be ushered in by :
Setting up of a Project Management Unit (PMU) to support contract management;
Realistic setting of General Staff Qualitative Requirements (GSQRs) of weapons/platforms;
Overhauling Trial and Testing procedures



Boosting private participation in Space activities

Indian private sector will be a co-traveller in India’s space sector journey.
Will provide level playing field for private companies in satellites, launches and space-based services.
Will provide predictable policy and regulatory environment to private players.
Private sector will be allowed to use ISRO facilities and other relevant assets to improve their capacities.
Future projects for planetary exploration, outer space travel etc to be open for private sector.
Liberal geo-spatial data policy for providing remote-sensing data to tech-entrepreneurs.



Atomic Energy related Reforms

Establish research reactor in PPP mode for production of medical isotopes – promote welfare of humanity through affordable treatment for cancer and other diseases.
Establish facilities in PPP mode to use irradiation technology for food preservation – to compliment agricultural reforms and assist farmers.
Link India’s robust start-up ecosystem to nuclear sector – Technology Development cum Incubation Centres will be set up for fostering synergy between research facilities and tech-entrepreneurs.



Part-5: Government Reforms and Enablers
https://taxguru.in/income-tax/atma-nirbhar-bharat-part-5-government-reforms-and-enablers.html

ramana
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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby ramana » 23 May 2020 07:16

Today marks first anniversary of NaMo 2.0

Please pot all news articles good or bad here.

Thanks!

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Postby Mollick.R » 26 May 2020 12:32

One crore people treated under Ayushman Bharat scheme since launch
TNN | May 20, 2020, 10.23 PM IST

NEW DELHI : Over one crore treatments worth Rs 13,412 crore were provided under Ayushman Bharat health insurance scheme since its launch in September 2018, even as hospitalization was heavily impacted during April and May due to the nationwide lockdown amid Covid-19 outbreak.

The landmark saw Prime Minister Narendra Modi tweeting his interaction with Pooja Thapa from Meghalaya, who was the beneficiary number 1 crore. He also thanked medical personnel and hospitals who have been a part of the state run insurance scheme that aims at supporting the poor.
Happy to announce that #AyushmanBharat has crossed another milestone of 1 crore beneficiaries !Join me for a spec… https://t.co/r1e1TDnpG7

— Dr Harsh Vardhan (@drharshvardhan) 1590027546000
The scheme – which has a significant acceptance in the private sector – has made strides in providing testing and treatment to Covid patients. In a month-and-a-half since Covid-19 treatment was made free under the scheme, over 2,000 people have been attended to, whereas more than 3,000 have been tested for the infectious disease.

Out of the total 1 crore treatments, 54% have been provided by private hospitals. With its portability factor, the Ayushman Bharat scheme is seen as a major tool to make healthcare accessible in remote areas, at a time when the government is trying to manage a rise in Covid infections due to movement of migrant workers.

"This milestone of one crore treatments include more than 1 lakh treatments through portability. This feature provides the opportunity to serve migrant population and those living in under-served areas. We intend to sensitise the returning migrants about their eligibility outside their home states," Ayushman Bharat chief executive Indu Bhushan said.


The scheme aims to provide free annual health insurance cover of Rs 5 lakh to over 10.74 crore deprived families. Around 21,565 public and private hospitals are partners under the scheme. States like Gujarat, Tamil Nadu, Chhattisgarh, Kerala, and Rajasthan have emerged as the top performing states providing highest number of treatments under the scheme.

While most treatments were sought under specialities like orthopaedics, cardiology, cardio-thoracic and vascular surgery, radiation oncology and urology, top tertiary procedures include single stent, hip fracture internal fixation and rehabilitation, coronary artery bypass grafting, double stent and total knee replacement.

Teams from the national health authority (NHA) – implementing agency for the scheme - are also reaching out to the elderly (above 60 years of age) and other high-risk category beneficiaries (who recently received treatment) to check for Covid-19 symptoms and if they need testing through its call centre handled by about 700 dedicated operators.
Close to 30 million calls have already been made to the scheme beneficiaries through this call centre.

Image


Times of India News Link:-

https://timesofindia.indiatimes.com/india/one-crore-people-treated-under-ayushman-bharat-scheme-since-launch/articleshow/75853791.cms

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Postby Mollick.R » 26 May 2020 12:37

The govt’s flagship health scheme has crossed 1 crore treatments, positively impacted lives
Written by Dr Harsh Vardhan | Updated: May 23, 2020 9:23:03 am

PM-JAY is a giant step towards a healthy India, as it aims to make affordable, accessible healthcare a reality for all. PM-JAY has crossed a significant milestone of one crore hospitalisations, worth over Rs. 13,412 crore, in less than 20 months since its launch on September 23, 2018. Delivering one crore free and cashless treatments in this time period shows that there was a lot of demand and people needed a scheme like PM-JAY.
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As PM-JAY marks this milestone of one crore treatments, the whole world including India faces the COVID-19 pandemic. The impact on millions worldwide and in India is not only pertaining to health, but there is also the physical, mental, economic impact on the individual and his family. For about 53 crore poor and vulnerable beneficiaries, testing and treatment for COVID-19 is free of cost under PM-JAY, including testing in private labs and treatment in private hospitals. Overall, PM-JAY provides a cover of up to Rs. 5 lakh per family per year, for secondary and tertiary care hospitalisation to the eligible beneficiaries.

In India, the migrant population plays a key role in the economic development of the country, and they are ones facing a large brunt of the pandemic crisis. A key design feature of PM-JAY from the beginning of the scheme is portability, which helps to ensure that a PM-JAY-eligible migrant worker can access the scheme’s services in any empanelled hospital across the country, irrespective of their state of residence. The PM-JAY eligible migrant can avail of the scheme’s benefits in the state in which he works, and also in his home state, when he goes back home. This lowers the barriers posed by state borders and promotes equal access to quality health services, especially amongst the poor and vulnerable population. No empanelled hospital across the country can deny treatment to any PM-JAY beneficiary. To date, there have been more than one lakh portability cases, a high percentage of portability cases (by volume) are for tertiary care, and availed by men. Implementing portability is extremely complex and many countries which have a health assurance scheme did not start with portability from the beginning. The strong IT backbone of PM-JAY was crucial to the implementation of portability from the beginning of the scheme in India.
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..........This is being done through an express empanelment mechanism for hospitals since March this year. Since April 1, 2020, more than 1,385 hospitals (nearly 58 per cent are private hospitals) have been empanelled across the country out of which 75 are under express empanelment. Overall, 21,565 hospitals have been empaneled so far.


The Indian Express Link :-

https://indianexpress.com/article/opinion/columns/pmjay-ayushman-bharat-dr-harsh-vardhan-covid-india-6423021/

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Postby Mollick.R » 26 May 2020 12:43

Mega bank mergers working smoothly without heartburns: Bank employees union
IANS|Last Updated: May 25, 2020, 02.22 PM IST

Chennai: The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees' Association (). The AIBEA is the largest union in the banking sector representing the workmen category.

According to C.H. Venkatachalam, General Secretary, AIBEA, while the information technology (IT) systems of the ten banks that were amalgamated into four are yet to be integrated, the amalgamation is working smoothly till now.

"Each bank had its own employee benefit schemes. The scheme that is most beneficial to the employees were extended to all the employees of the amalgamated entity. This way heartburns were not created," Venkatachalam told .


"The next step is to draw up the career, transfer and other policies of the amalgamated entities taking into account the policies of individual banks. [url]Till now bank branches have not been closed.[/url] But post lockdown there will be rationalisation of branches," Venkatachalam said.


He said the merger of (SBI) and its five associate banks has been working smoothly and the same is expected to happen in the other ."The amalgamation has happened in a friendly manner and not in a hostile way," Venkatachalam added.

According to him, at the bank level there may not be a bias towards the employees of an amalgamated entities as the policies will be properly drawn.

On the pending wage talks with Indian Banks' Association (), Venkatachalam said the Covid-19 has resulted in an emergency situation for the country and the people and the priority is to safeguard the interest of the people.

Venkatachalam also wondered about the fate of reserves built by Indian companies out of profits and why companies were not able to pay wages to their contract workers during the two month long lockdown.

"The migrant workers' problem would not have arisen had only the corporates paid them even half their wages during the lockdown period. The Indian business stands exposed now," he said.


#GharWapsi :D :lol: :lol:

https://economictimes.indiatimes.com/industry/banking/finance/banking/mega-bank-mergers-working-smoothly-without-heartburns-bank-employees-union/articleshow/75969850.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23

Previously same set of people

Bank unions announce strike on March 27 to oppose bank mergers

https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-unions-announce-strike-on-march-27-to-oppose-bank-mergers/articleshow/74489644.cms

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Postby Mollick.R » 04 Jul 2020 14:26

Companies Act reforms amid Covid-19: A primer

ET CONTRIBUTORS|Last Updated: Jul 04, 2020, 11.45 AM IST

By Dheeraj Nair, Angad Baxi & Vishrutyi Sahni

The Central Government’s final tranche of COVID-19 economic packages included numerous reforms for the corporate sector, to facilitate self-reliance and ease of living for domestic corporations.

These recommendations originally constituted the Cabinet-approved “Companies Amendment Bill, 2020”, tabled in the Lok Sabha session of March 2020. The Government is now expediting these amendments, by promulgating an ordinance, as an economic measure.

The announcement only highlights some aspects of the Bill, perhaps intentionally illustrative in nature, but the expectation is the entirety of the Bill may be given full effect as an ordinance.

Direct listing in foreign jurisdictions
India does not currently permit direct listing on foreign stock exchanges by domestic corporations and, reciprocally, neither are foreign companies allowed to directly list their equity shares on Indian stock exchanges. Depository receipts are the only permissible method for Indian companies to raise capital abroad.

The Bill introduces a regime of direct listing of securities of domestic public corporations in certain foreign jurisdictions, thereby allowing domestic corporations to access a larger pool of capital. This is particularly beneficial for startups and specialized sectors, such as technology, which are always looking to raise capital from open markets, and can now do so without expanding or migrating to other jurisdictions.

Decriminalization of offences
The Bill proposes decriminalization of penal provisions of the Companies Act, 2013 (“Act”), particularly provisions that are minor, technical, and lack subjective determination. This amendment has gained prominence due to its wide-ranging applicability to all corporations and key managerial personnel. The Bill attempts to introduce this reform by the following mechanism:

    Re-categorization of 23 compoundable offences to In-house Adjudication Mechanism of Adjudicating Officers with appeals lying before the Regional Director.
    Omission of the 7 compoundable offences from the penal regime.
    Limiting 11 compoundable offences to fines only.
    Alternate framework for 5 offences.
    Penalties for certain companies (One-Person Companies, Small Companies, Startup Companies, or Producer Companies) to be one-half of the penalty specified in the respective provisions, subject to a maximum of Rs 2 lakh in case of a company and Rs 1 lakh in case of individual or default officer.

This recommendation marks the second attempt of the Government to decriminalize the Act, the first being the Companies (Amendment) Act, 2019.

Corporate Social Responsibility (CSR)
Currently, any company with net worth of Rs 500 crore or turnover of Rs 1000 crore or net profit of Rs 5 crore or more in the last three financial years is required to spend 2% of its average net profit towards its CSR policy and set up a CSR Committee.

The Bill now allows eligible companies, whose spending exceeds their CSR obligation in a financial year, to set off the excess amount towards their CSR obligations in subsequent financial years. The Bill also introduces an exemption from constituting a CSR Committee for companies with a CSR obligation of less than Rs 50 lakh.

Exclusion from listed companies
Under the present regime, a “listed company” would also include private companies that choose to list their debt securities on stock exchanges, without listing their shares, and still be subject to the rigours of statutory compliances, thus discouraging private companies from listing debt securities. To incentivize private company listing, the Bill contemplates exclusion of companies issuing specified classes of securities from the definition of “listed company”.

Producer Companies
The erstwhile Companies Act, 1956 introduced Chapter-IXA to regulate the agrarian economy; however, the same is not part of the new Act. The CLC Report defines a Producer Company as a "body corporate comprising farmers and agriculturalists who work in cooperation with each other to promote better standards of living and gain easier access to credit, technology, market, etc".

Taking a cue therefrom, the Bill postulates insertion of Chapter-XXIA in the Act, to provide a framework for classification of Producer Companies and relaxations and benefits extended thereto, akin to the 1956 Act. These would include conducting meetings, memberships, and maintenance of accounts, etc.

Exemptions from filing resolutions
The Act currently requires a company to file copies of board resolutions passed in respect of granting loans, security, and guarantees. This requirement was relaxed for banking companies vide the Companies Act (Amendment), 2017. However, non-banking financial companies (NBFC) and housing finance companies (HFC) were never extended these exemptions, despite being engaged in conducting regular lending activities, and they remained obligated to file resolutions that impacted the confidentiality of lending agreements.

Therefore, the Bill seeks to further extend the exemption to NBFCs and HFCs, in accordance with prescribed Central Government rules.

Beneficial shareholding
The Act defines “beneficial interest” as a person holding at least 10% shares in a company or exercising significant influence. A person with beneficial interest is required to make a declaration of interest in a company. The Bill empowers the Central Government to exempt any person from complying with these requirements, if it is deemed in the interest of the public.

Benches of National Company Law Appellate Tribunal (NCLAT)
The Bill seeks to set up NCLAT benches in places other than Delhi. The Central Government has announced the constitution of a NCLAT in Chennai, with effect from March 18, 2020, with jurisdiction over Andhra Pradesh, Karnataka, Kerala, Lakshadweep, Puducherry, Tamil Nadu, and Telangana. This is certainly a positive move to ensure litigants easier access to the Appellate Tribunal and help to reduce the backlog of cases.

Conclusion
These reforms were needed much earlier, rather than being spurred by a pandemic. Nevertheless, better late than never! For example, a permissible list of equities in international markets will help raise funds and provide competitive standing for Indian companies in the global market. These are extraordinary times when such economic measures will boost the confidence of companies currently facing financial, human resource, supply chain, and compliance difficulties.

(Dheeraj Nair is Partner, Angad Baxi and Vishrutyi Sahni are Associates, at J Sagar Associates.)


ECONOMIC TIMES OF INDIA NEW ARTICLE LINK
https://economictimes.indiatimes.com/small-biz/legal/companies-act-reforms-amid-covid-19-a-primer/articleshow/76781817.cms

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Postby Mollick.R » 04 Jul 2020 14:33

16 States Give Go-Ahead To Centre's Agriculture Reforms; APMCs To Co-Exist With New Farm Produce Trading Platforms

by M R Subramani-Jun 30, 2020 11:53 AM

At least 16 States have issued circulars to implement the Centre’s three Ordinances on agricultural reforms, though it is not necessary for them to issue such circulars, according to Union Ministry of Agriculture and Farmers Welfare Secretary Sanjay Agarwal.

“As such, the Ordinances are self-contained and do not need the State circulars. The Ordinances have been promulgated as part of Trade and Commerce and the Concurrent list,” Agarwal told two separate webinars hosted by Agribazaar and CEOs India Forum.

On 5 June, the Narendra Modi government promulgated three Ordinances to usher in reforms in Indian agriculture that are seen even more crucial that the 1991 economic reforms of the P V Narasimha Rao government.

While one of the Ordinances allows farmers to sell their produce anywhere in the country as part of “one country one market”, the second Ordinance removes the ceiling on storage of commodities.

The removal of the ceiling will help processors and industrial users to buy and store farm commodities without any fear during the peak arrival season. There are two benefits from this move.

One, farmers' produce will be bought by processors and users without any problem.

Two, growers need not worry about their produce being bought during peak harvest season as in earlier times, they were forced to resort to distress sale to third parties.

The third Ordinance allows contract farming of agricultural commodities with the user and grower entering into a formal agreement even before planting begins.

Agarwal said that Agricultural Produce Marketing Committee (APMC) yards or physical mandis (markets) would not be touched by the Centre’s Ordinance to allow farmers to sell their products anywhere across the country.

“APMCs, mandis, silos or private bazaars can co-exist with the new trade area (new platform) that would come up following the Ordinance on the Farmers’ Produce Trade and Commerce (Promotion and Facilitation),” Agarwal said.

Anyone can come forward and set up a trade area provided he/she has a permanent account number (PAN) registered with the Income Tax Department.

“We have not come up with any condition or rules on setting up a trade area. There are no restrictions nor licence is required even for e-trading,” the Agriculture and Farmers Welfare Ministry Secretary said.

The Government would watch the trade area evolve and intervene or interfere with rules and regulations only if necessary.

The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance has a provision for the Centre to develop a price information and market intelligence system for agricultural produce.

As part of this, the Agricultural Marketing Information System (Agmarknet), which provides data of prices of various agricultural produce in all physical markets in the country, will be integrated with the electronic National Agricultural Market (eNAM) from 1 July, Agarwal said.

Stating that eNam had grown over the years, he said the volume on the electronic platform has touched Rs one lakh crore. However, no priority will be given to eNAM as private agricultural marketing trade areas will run parallel to it.

As part of its agricultural reforms, the Centre would want at least 10,000 Farmers Producers Organisations (FPOs) to come up. “These FPOs can become aggregators of agricultural products and in turn will help farmers become businessmen,” Agarwal said.

The Centre will also change the regulations for Warehousing Development and Regulatory Authority to allow village level storages to come up. Such a step will also bring in much needed private investment in storage systems.

On fears raised by some industrial users on the reimposition of stock limits for essential items, the Agricultural and Farmers’ Welfare Secretary said that it would not apply to value-addition export and industrial units.

“It will mainly apply to wholesale traders only,” he said.

The Modi government is going all out to ensure that the agricultural reforms it has announced as part of the Rs 20 lakh crore Atmanirbhar Bharat Abhiyan yields the desired results.

Towards this end, almost all bureaucrats concerned with farmers welfare are taking part in webinars being organised by private and public institutions. The Agribazaar and CEO Forums Webinars witnessed, apart from Agarwal, the participation of Food Processing Industries Secretary Pushpa Subramaniam, Department of Animal Husbandry Secretary Atul Chaturvedi and Department of Fisheries Secretary Rajeev Ranjan.

Both webinars saw the participation of over 3,000 persons, including corporate representatives such as S Shivkumar of ITC, Balram Singh Yadav of Godrej and foreign investors such as Temasek and UK government’s CDC Group.


Swarajyamag Link
https://swarajyamag.com/economy/16-states-give-go-ahead-to-centres-agriculture-reforms-apmcs-to-co-exist-with-new-farm-produce-trading-platforms

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Postby Mollick.R » 07 Jul 2020 11:36

India climbs to 34th spot in Global Real Estate Transparency Index as regulatory reforms show results

The progress in the country’s REIT framework, enhanced market data and sustainability initiatives has pushed India’s ranking to 34th position in JLL and LaSalle’s biennial Global Real Estate Transparency Index (GRETI).

India's rank has improved by five notches from 39 to 34 since the last six years from 2014 until 2020.

India has also edged into the top 20 for Sustainability Transparency through the role of organisations like the Indian Green Building Council and Green Rating for Integrated Habitat Assessment, the report said.


The impact of key reforms and steady improvement in Indian real estate has enthused global investors. Institutional investments created a new benchmark of 5 billion dollars annually in last three years.
The government’s objective of providing ‘Housing for all’ by 2022 is being achieved through regulatory and fiscal incentives as well as providing tax benefits to sovereign wealth funds for investments in affordable housing.

Within the realty sector, key structural reforms such as the Real Estate Regulation and Development Act 2016 (RERA), GST, Benami Transaction Prohibition (Amendment) Act, 2016, Insolvency and Bankruptcy Code, digitization of land records have brought about greater transparency in what was an erstwhile largely unregulated sector a few years back.

The 2020 Index is launched at a time of massive economic and societal disruption where the need for transparent processes, accurate and timely data and high ethical standards are in closer focus.

The backdrop of COVID-19 is also ensuring that transparency within Asia Pacific’s real estate legal and regulatory systems is more important than ever to global investors as they look to deploy approximately $40 billion in dry powder capital into the region.

“India has seen a steady improvement in the Global Transparency Index over the years. In fact, along with Indonesia, Philippines and Vietnam, we are among the handful of countries that have seen the maximum improvement owing to positive governmental support and an enhanced ecosystem of transparency. In particular, the national REIT framework has been a major contributor to transparency in India, and with ongoing progress and governance, will continue to attract more interest from institutional investors,” said Ramesh Nair, CEO and Country Head (India) JLL.

Furthermore, innovative new property technology (proptech) is changing how real estate data is gathered and analyzed and influencing industry transparency at a regulatory level.

“While investment into commercial real estate has inevitably paused during the pandemic, the overarching trend toward rising allocations to this asset class will continue. As investors look to allocate more capital into Asia Pacific real estate, transparency becomes fundamentally more important, as will the enforcement of robust regulatory frameworks,” said Samantak Das, Chief Economist and Head – Research & REIS, India, JLL.

Emerging markets have shown the greatest advancement in the Index, with six Asia Pacific markets – Mainland China (32nd), Thailand (33rd), India (34th), Indonesia (40th), Philippines (44th) and Vietnam (56th) – among the top 10 biggest improvers globally. Mature markets such as Australia (3rd) and New Zealand (6th) have maintained their positions near the top of the global ranking.

Over the last decade, India has shown promising developments and is now at the cusp of being ‘Transparent’ within the GRETI 2020 rankings. At the same time, India’s rank in World Bank’s ‘Ease of Doing Business Ranking’ improved significantly from 142 in 2014 to 63 in 2019.

Another key driver of transparency is the volume of real estate market data now available due to the growing adoption of Proptech platforms, digital tools and “big data” techniques.

Going ahead, real estate transparency will be driven by technology led innovation and sustainability with a focus on health and wellness. The COVID-19 pandemic is likely to help fast-track digitization and stimulate innovation in the use of technology.

JLL and LaSalle have been tracking real estate transparency since 1999. This 11th edition of GRETI covers 99 countries and territories, and 163 city regions. This latest survey has been extended to quantify 210 separate elements of transparency, with additional coverage on sustainability and resilience, health and wellness, proptech and alternatives sectors.
First Published on Jul 7, 2020 09:05 am

MoneyControl Link......

https://www.moneycontrol.com/news/business/real-estate/india-climbs-to-34th-spot-in-global-real-estate-transparency-index-as-regulatory-reforms-show-results-5515631.html

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Postby Vips » 18 Jul 2020 09:54

Four million tap connections made operational across states amid lockdown: Jal Shakti Ministry.

The Flagship government programme to provide functional tap water connection to every rural household has seen hectic activity in June, especially in 116 districts that recorded maximum migrant labourer returns, even as the industry is slowly sputtering back into activity after the lockdown.

Latest data from the Jal Shakti ministry shows that nearly four million connection were made operational across states under the Jal Jeevan Mission
between April 1 and June 30, and more than 8,100 crore central funds were pumped in for the same.

Officials said in many states the bulk of water connections were completed in June with the help of migrants returning to villages.

Bihar, which had one of the highest population of migrants returning from cities due to Covid-19 pandemic, provided the maximum of 1.03 million water connections. The state employed more than 7,500 returning migrants in JJM works in June alone, and is targeting to take the number to more than 15,000 plus.

UP engaged more than 4,000 returned migrant labourers and plans to spend more than 1,205 crore towards JJM works in 31 districts where a high number of labourers has returned. In view of the prevailing Covid-19 pandemic situation, the Jal Shakti ministry led by Gajendra Sibngh Shekhawat has asked all states to ensure that works related to water supply commence immediately, particularly in 116 districts with high returning migrant labour population, to provide them livelihood and to help generate employment in rural areas.

Image

The mission to ensure availability of 55 litres of potable water per person through a piped water network involves laying of pipelines across villages besides a series of water conservation activities from construction of ponds to rain water harvesting systems. Total central funding of nearly 30,000 crore will be made available to states in 2020-21 for the same.Over 8.4 million households have so far been given connections, as per government data.

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Postby pankajs » 19 Jul 2020 00:56

https://timesofindia.indiatimes.com/bus ... 027593.cms
Digital payments widen gap with ATM withdrawals
BENGALURU: There are early signs that India is finally turning into a economy less dependent on cash. For the first time, in the fourth quarter of 2019, the value of card and mobile payments at Rs 10.57 lakh crore exceeded withdrawals which amounted to Rs 9.12 lakh crore.
After overtaking cash withdrawals, digital payments extended its lead in the first quarter of 2020. Card and mobile payments are now at Rs 10.97 lakh crore, even as ATM withdrawals declined 5% to Rs 8.66 lakh crore. If bankers are to be believed, the pandemic-induced lockdown has already put this transformation on a fast-track.

“This trend continued through April and May with physical restrictions and lesser movement of goods and people with the lockdown. India’s posted the sharpest growth in digitization in this period compared to America, the UK, Thailand and Singapore. This is mostly on the back of UPI,” said Sampath Sharma Nariyanuri, fintech analyst, S&P Global Market Intelligence.
In December 2019, UPI saw Rs 2 lakh crore transactions versus card payments seeing about Rs 1.5 lakh crore — by May Rs 2.18 lakh crore UPI transactions versus Rs 80,300 crore in card payments,” said Sampath.

Bankers say digitization is seen across segments — retail, SME and unorganised business sector. “Many customers, who did not move to digitization for 5-6 years, moved in under 20 days. So technology has become the biggest beneficiary from this crisis while also being the biggest enabler for business continuity,” said Bhandari.
“From mobile recharges, utility bills to online e-commerce, payment apps (UPI) is becoming a popular alternative to cards. For one people are not always comfortable sharing their card details, CVV number, etc. And secondly it’s a more cumbersome process. UPI transactions have that additional layer of masking all bank details — and are faster and seamless,” said a National Payments Corporation of India (NPCI) official.

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Postby Mollick.R » 04 Aug 2020 00:13

Bank accounts opened under Pradhan Mantri Jan Dhan Yojana crosses 40-crore mark
PTI Last Updated: Aug 03, 2020, 01:57 PM IST


NEW DELHI: More than 40 crore bank accounts have been opened under the government's flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY), launched about six years ago by the Modi-government.

As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of Rs 1.30 lakh crore.
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In view of the runaway success of the scheme, the government in 2018 enhanced the accident insurance cover to Rs 2 lakh, from Rs 1 lakh for new accounts opened after August 28, 2018.
Besides, the overdraft limit facility was also doubled to Rs 10,000.

The government also shifted the focus on accounts from "every household" to "every unbanked adult".
Over 50 per cent of the Jan Dhan account holders are women

https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-accounts-opened-under-pradhan-mantri-jan-dhan-yojana-crosses-40-crore-mark/articleshow/77328277.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23

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Postby Mollick.R » 04 Aug 2020 00:16

eVIN reaches 32 states & UTs, to be rolled-out soon in remaining areas: Health ministry
PTI Last Updated: Aug 03, 2020, 07:42 PM IST

New Delhi: The Electronic Vaccine Intelligence Network, which provides technological solutions for strengthening immunisation supply chain systems, has reached 32 states and Union territories, and will be rolled-out in the remaining areas soon, the health ministry said on Monday.

In a statement, the ministry said the Electronic Vaccine Intelligence Network (eVIN) aims to provide real-time information on vaccine stocks and flows, and storage temperatures across all cold chain points in the country.
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"At present, 23,507 cold chain points across 585 districts of 22 states and two UTs routinely use the eVIN technology for efficient vaccine logistics management. Over 41,420 vaccine cold chain handlers have been introduced to digital record-keeping by training them on eVIN," the statement said.

Moreover, nearly 23,900 electronic temperature loggers have been installed on vaccine cold chain equipment for accurate temperature review of vaccines in storage, it added.

https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/evin-reaches-32-states-uts-to-be-rolled-out-soon-in-remaining-areas-health-ministry/articleshow/77333489.cms?utm_source=ETMyNews&utm_medium=HPMN&utm_campaign=AL1&utm_content=15

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Postby Mollick.R » 10 Aug 2020 22:49

X - Post
Inauguration was done today morning, posting this news report as it has better information compared to any of today's news report.

PM Narendra Modi to inaugurate 2300-km undersea cable project to boost connectivity to Andaman & Nicobar Islands on August 10
Updated: Aug 07, 2020, 16:25 PM IST

NEW DELHI: Prime Minister Narendra Modi will inaugurate the 2300-km undersea Optical Fibre Cable (OFC) project connecting Chennai and Port Blair on Monday (August 10, 2020). The PM will launch and dedicate to the nation the project which will boost connectivity to Andaman & Nicobar through video conferencing.

The submarine Optical Fibre Cable (OFC) will also connect Port Blair to Swaraj Dweep (Havelock), Little Andaman, Car Nicobar, Kamorta, Great Nicobar, Long Island, and Rangat. This project will enable the delivery of faster and more reliable mobile and landline telecom services to Andaman & Nicobar Islands, at par with other parts of India.

The Prime Minister had laid the foundation stone of this project on December 30, 2018, at Port Blair. About 2300 Kms of Submarine OFC cable has been laid at a cost of about Rs 1224 Crore, and the project has been completed in time.
This cable will boost the digital connectivity of the islands with the mainland and increase internet connection to nearly three to four times the existing capacity. After this project, it will get a data speed of 400 gigabytes (GB) per second.

Once inaugurated, the submarine OFC link will deliver bandwidth of 2 x 200 Gigabits per second (Gbps) between Chennai and Port Blair, and 2 x 100 Gbps between Port Blair and the other islands.

The project is funded by the Government of India through the Universal Service Obligation Fund (USOF) under the Department of Telecommunications, Ministry of Communications. Bharat Sanchar Nigam Limited (BSNL) executed this project while Telecommunications Consultants India Limited (TCIL) is the Technical Consultants.

After the lunch of this project, the internet bills in Andaman and Nicobar will also come down substantially. At present, the residents of the islands pay exorbitant prices for an internet connection.


https://zeenews.india.com/india/pm-narendra-modi-to-inaugurate-2300-km-undersea-cable-project-to-boost-connectivity-to-andaman-nicobar-islands-on-august-10-2301296.html


‘Special day for Andaman and Nicobar Islands’, says PM Modi ahead of submarine OFC launch
INDIA Updated: Aug 10, 2020 10:33 IST

“Today, 10th August is a special day for my sisters and brothers of Andaman and Nicobar Islands. At 10:30 this morning, the submarine Optical Fibre Cable (OFC) connecting Chennai and Port Blair will be inaugurated,” the PM said in a tweet.

He also said that the OFC will provide “high-speed broadband connectivity and a big boost for the local economy”.

“Inauguration of the submarine Optical Fibre Cable in Andaman and Nicobar Islands ensures: High-speed broadband connectivity, fast and reliable mobile and landline telecom services, big boost to the local economy, delivery of e-governance, telemedicine and tele-education,” read another tweet by the prime minister.

https://www.hindustantimes.com/india-news/special-day-for-andaman-and-nicobar-islands-says-pm-modi-ahead-of-submarine-ofc-launch/story-A3JCedLvrqpDoZc66sB5ZJ.html



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Postby darshan » 14 Aug 2020 18:00

Another milestone met towards independence from British Congress.

PM Narendra Modi now longest-serving non-Congress prime minister
http://www.wionews.com/india-news/pm-na ... ter-320428
Prime Minister Narendra Modi is now India's longest-serving non-Congress prime minister of the country.

The Indian prime minister also has the longest tenure as head of an elected government, amongst all the former PMs, which includes his chief ministerial term of more than 12 years.

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Postby suryag » 16 Aug 2020 11:39


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Postby vijayk » 09 Sep 2020 19:56

https://www.firstpost.com/india/delhi-t ... 96641.html
Delhi to Mumbai in 12 hours: Ambitious eight-lane highway likely to be ready within two years
Spanning 1,275 km, the highway connects Delhi with Vadodara, and on linking up with the proposed Vadodara-Mumbai Expressway would create seamless connectivity between Delhi and Mumbai


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Postby dnivas » 29 Sep 2020 11:33

https://news.rediff.com/commentary/2020/sep/29/amnesty-international-to-halt-india-operations/ad004bb92615a0a7e385765a46999560
Amnesty International says it has been forced to halt its India operations due to "reprisal" from the government.

The watchdog has also accused the government of indulging in a "witch-hunt of human rights organisations."

Amnesty says its bank accounts have been frozen and it's been forced to lay off staff in the country, and suspend all its campaign and research work.

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Postby g.sarkar » 13 Oct 2020 09:49

https://www.nytimes.com/2020/09/29/worl ... ional.html
Amnesty International Shutters Offices in India, Citing Government Attacks
The organization’s premises have been raided and its bank accounts frozen. The actions, it says, are reprisals for criticizing the country’s human rights record.
By Sameer Yasir and Hari Kumar, Sept. 29, 2020

SRINAGAR, Kashmir — The human rights organization Amnesty International said on Tuesday that it had ceased its operations in India and laid off its entire staff in response to a series of government reprisals including the freezing of its bank accounts.
Amnesty said that the government of Prime Minister Narendra Modi had targeted the organization for years in response to its work exposing human rights violations in India. In recent months, the group has published reports on the Delhi police’s role in fomenting anti-Muslim violence and on the use of torture in Kashmir.
The Indian government said in a statement that the allegations from Amnesty were “unfortunate, exaggerated and far from the truth.” The organization has repeatedly violated local laws by circumventing the regulations under which foreign entities can receive donations from abroad, the government added. “All the glossy statements about humanitarian work and speaking truth to power are nothing but a ploy to divert attention from their activities which were in clear contravention of laid-down Indian laws,” the statement said.

......
Gautam
Maza Aagaya!

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Re: Achievement Tracking - Modi 2.0 Govt - No Discussions

Postby Rahul M » 16 Oct 2020 23:34

Stock taking of the Demo long term effects after 4 years.

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vijayk wrote:https://www.livemint.com/opinion/online ... 07453.html
Academic studies have endorsed the benefits of demonetization


A study by International Monetary Fund chief economist Gita Gopinath published in The Quarterly Journal of Economics (Chodorow-Reich et al., 2018) acknowledges such confounding factors with the demonetization done by India in late 2016




Lahiri (2020) shows that India’s direct-tax-to-gross domestic product (GDP) ratio had been falling steadily from 6.4% in 2008 to 5.4% in 2016—a fall of 1% over the 8-year period. However, this declining trend reversed from 2017 and has steadily increased since then to 6% in 2019. Compared to the trend that prevailed, demonetization has increased the direct tax-to-GDP ratio by 0.2%, 0.8% and 1% amounting to ₹40,000 crore, ₹1.25 trillion and ₹1.89 trillion in direct taxes in 2017, 2018 and 2019, respectively.

Lahiri also describes the effects on the digital economy: “Demonetization of November 2016 caused the volume of digital transactions to shoot up on impact, while simultaneously causing a drop in the volume of traditional transactions… digital transactions have consistently exceeded traditional transactions both in levels and growth rates since 2017."


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In sum, while demonetization imposed short-term costs, there have been important benefits via the above-mentioned increase in direct tax collections as a proportion of GDP, and the sharp, persistent rise in digital payments. As these represent long-term benefits from greater formalization, they will continue to accrue in a globalized economy that is undergoing a digitally-enabled Fourth Industrial Revolution.


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