Daily Current Affairs 8th July 2020 | CivilsonlinEd

Daily Current Affairs 8th July 2020

          

 

Daily Current Affairs 8th July 2020

National Events

Þ     Cabinet approved: Extending EPF contribution 24%

             *        The Union Cabinet has given its approval for extending the contribution both 12% employees' share, 12% employers' share under Employees Provident Fund, totalling 24% for another 3 months from June to August 2020, as part  Pradhan Mantri Garib Kalyan Yojana (PMGKY)/ Aatmanirbhar Bharat in the light of COVID-19, a Pandemic.

            *        The scheme will cover all employees earning less than Rs. 15,000 monthly wage.

                                                           Source: PIB         

Þ     Cabinet approved: Affordable Rental Housing Complexes

            *        The Union Cabinet has given its approval for developing of Affordable Rental Housing Complexes (AHRCs) for urban migrants  / poor as a sub-scheme under Pradhan Mantri Awas Yojana – Urban (PMAY – U)

Source: PIB

Þ     Cabinet approved: Extension of Pradhan Mantri Garib Kalyan package

           *        The Union Cabinet has approved the further extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) as part of Economic Response to COVID-19, for another Five months from July to November 2020.

         *        It is proposed to distribute 9.7 Lakh MT cleaned whole Chana to all beneficiary households under the National Food Security Act, 2013 (NFSA) @ 1kg per month free of cost under for next five months -July to November 2020

             *        Total estimated cost: Rs.6, 849.24 crore.

Source: PIB

  

Þ     Cabinet approved:   'Agriculture Infrastructure Fund'

            *  The Union Cabinet has given its approval to a new pan India Central Sector Scheme-Agriculture Infrastructure Fund.

              *        The scheme shall provide a medium - long term debt financing facility

        *  Under the scheme, Rs. One Lakh Crore will be provided by banks and financial institutions as loans to PACS, Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Group (SHG), Farmers, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, Aggregation Infrastructure Providers and Central/State agency or Local Body sponsored Public-Private Partnership Project

             *        Loans will be disbursed in four years

         Rs. 10,000 crore in the current year and Rs. 30,000 crore each in next 3 financial years.

              *        Will have interest subvention of 3% per annum up to a limit of Rs. 2 crores.

              *        This subvention will be available for a maximum period of 7 years

              *        Credit guarantee coverage will be available under CGTMSE scheme for a loan up to Rs. 2 crore

              *        The fee for this coverage will be paid by the Government

              *        Budgetary support from GOI: Rs.10,736 crore

              *        Moratorium: minimum of 6 months, a maximum of 2 years.

Source: PIB

Þ     Cabinet approves: extension of time the limit for availing the benefits of "PMGKY" for Ujjwala beneficiaries

           *        The Union Cabinet has approved the proposal of Ministry of Petroleum & Natural Gas for extension of time limit by three months w.e.f. 01.07.2020 for availing the benefits of “Pradhan Mantri Garib Kalyan Yojana" for Ujjwala beneficiaries

Source: PIB

Þ     Cabinet approved: Capital infusion for the 3 Public Sector General Insurance Companies

          *        The Union Cabinet has approved the capital infusion for an overall value of Rs.12,450 crore (including Rs. 2,500 crore infused in FY 2019-20)

         *        3 Public Sector General Insurance Companies namely Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL)

           *        Rs.3, 475 crore will be released immediately; while the balance Rs, 6475 crore will be infused later.

Source: PIB

Þ     Cabinet approves: extension of PMGKAY

           *        The Union Cabinet has approved a further extension of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) as part of Economic Response to COVID-19 for additional allocation of food-grains from the Central Pool for another Five months from July to November 2020.

      *        In March 2020, the GOI announced the 'Pradhan Mantri Garib Kalyan Package

*        additional free-of-cost food grains (Rice/Wheat) at a scale of 5 Kg per person per month are being provided

        *        About 81 Crore beneficiaries covered under National Food Security Act, 2013 (NFSA)

Source: PIB

Þ     Online sale of Khadi Face Masks

             *        KVIC begins online sale of Khadi Face Masks

        * The orders for the Khadi Masks can be placed at: http://www.kviconline.gov.in/khadimask.

             *        KVIC is selling both Khadi Cotton and Silk masks

             *        Cotton face masks: Rs 30 per piece

             Silk masks: Rs 100 per piece.

             The minimum order: Rs 500

              *        Four types of masks available

i)      White Cotton masks with Black piping

ii)      White Cotton masks with Tri-colour piping

iii)     Silk masks in solid colours

iv)    Printed Silk masks in multiple colours

              *        Made of double-twisted 100% cotton fabric

              *        Double-layered with three pleats

              *        Available in 3 sizes (Small, Medium and Large)

                            2 patterns (white mask with black piping, white mask with tri-colour piping.)

Source: PIB

Þ     Pulse oximeter

Pulse Oximeter 

         *        Ministry of Defence (MoD), Department of Ex-Servicemen Welfare (DSEW) has decided to reimburse the cost of pulse oximeter purchased by the Ex-Servicemen Contributory Health Scheme (ECHS)

         *        Conditions:

i)      Reimbursement only for one pulse oximeter.

ii)     Ceiling of Rs 1,200

Source: PIB

Þ     Microsoft, NSDC collaborate

  

          *        Microsoft will collaborate with NSDC's eSkill India portal to provide free access to learning resources and conduct digital skilling awareness drives, equipping the next generation of learners with the skills they need to thrive in a digital economy

            *        Over one lakh youth in the country in one year will get the benefit