Prelims 2020

26th August 2020 Daily Current Flash Cards

Paramparagat Krishi Vikas Yojana; Payment and Settlement Systems Act, 2007; Modified Special Incentive Package Scheme (M-SIPS); Savings (Taxable) Bonds 2018; Revised National TB Control Programme (RNTCP);
By IASToppers
August 26, 2020

 

 

 

Which national programme is responsible for carrying out the Government of India five year TB National Strategic Plans?

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Answer:

  • Revised National TB Control Programme (RNTCP) is responsible for carrying out the Government of India five year TB National Strategic Plans.
  • On January 1, 2020, RNTCP was renamed as National Tuberculosis Elimination Programme (NTEP).

 

Enrich Your Learning:

Revised National TB Control Programme (RNTCP)

Why in News?

  • On January 1, 2020, India’s TB control programme got a change of name.
  • It is no longer known as the Revised National TB Control Programme (RNTCP), and has been rechristened as the National Tuberculosis Elimination Programme (NTEP).

About Revised National TB Control Programme (RNTCP):

  • The large scale implementation of the Indian government’s Revised National TB Control Program (RNTCP) (sometimes known as RNTCP 1) was started in 1997.
  • The RNTCP was then expanded across India until the entire nation was covered by the RNTCP in March 2006.
  • At this time the RNTCP also became known as RNTCP II.
  • RNTCP II was designed to consolidate the gains achieved in RNTCP I, and to initiate services to addressTB/HIV, MDR-TB and to extend RNTCP to the private sector.
  • An RNTCP use the World Health Organisation (WHO) recommended Directly Observed Treatment Short Course (DOTS) strategy and reaches over a billion people in 632 districts/reporting units.
  • The RNTCP is responsible for carrying out the Government of India five year TB National Strategic Plans.
  • With the RNTCP, both diagnosis and treatment of TB are free.
  • There is also, at least in theory, no waiting period for patients seeking treatment and TB drugs.

The initial objectives of the RNTCP in India were:

  • To achieve and maintain a TB treatment success rate of at least 85% among new sputum positive (NSP) patients.
  • To achieve and maintain detection of at least 70% of the estimated new sputum positive people in the community.

Key Facts:

  • The change in name is in line with the larger goal of eliminating the disease by 2025, five years ahead of the Sustainable Development Goals target.
  • In March 2018, Prime Minister had announced 2025 as the target year for ending TB.
  • The goal to end TB by 2025 got a much needed boost with the World Health Organization stating that the indigenously developed molecular test (TrueNat MTB) for diagnosing pulmonary and extrapulmonary TB and rifampicin-resistant TB has high diagnostic accuracy.

 

 

 

What do you know about Savings (Taxable) Bonds, 2018 scheme?

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Answer & Enrich Your Learning:

Savings (Taxable) Bonds 2018

  • The Government of India has launched 75% Savings (Taxable) Bonds, 2018 scheme to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.
  • The finance ministry said that the subscription of 8% government savings (taxable) bonds 2003 will be closed with effect from 2nd January 2018.
  • The government had started the 8% government savings (taxable) bonds in 2003 to persuade retail investors to invest.
  • The bond had 6 years of fixed tenure and there was no upper limit for investment.
  • The decision to discontinue the bond taken in the backdrop of declining interest rate in other saving instruments, especially the Post Office small saving schemes.

Key features of Bonds:

  • All the resident citizens, individuals (including Joint Holdings) and Hindu Undivided Families HUF) are eligible to invest in this bond.
  • NRIs are not eligible for making investments in these bonds. It will be exempted from Wealth-tax.
  • However, interest on the Bonds will be taxable under the IT Act, 1961 as applicable according to the relevant tax status of the bondholder.
  • The Bonds will be issued at par i.e. at Rs.100.00.
  • It will be issued for a minimum amount of Rs.1, 000/- (face value) and in the multiples of it. There will be no maximum limit for investment in the Bonds.
  • The Bonds will have a maturity of 7 years carrying interest at 7.75% per annum. The interest will be payable at half- yearly. The bonds cannot be transferred and hence not transferable.
  • The bonds are not eligible as collateral for loans from banking institutions, NBFCs and FIs.

 

 

 

What is the purpose of ‘Paramparagat Krishi Vikas Yojana (PKVY)’: (a) To promote organic farming in the country OR (b) To promote agriculture mechanization?

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Answer: To promote organic farming in the country

Enrich Your Learning:

Paramparagat Krishi Vikas Yojana

  • The Paramparagat Krishi Vikas Yojana (PKVY) is an extended component of Soil Health Management (SHM) under the Centrally Sponsored Scheme (CSS), National Mission on Sustainable Agriculture (NMSA).
  • Launched in 2015, it aims at supporting and promoting organic farming, in turn resulting in improvement of soil health.

Objective:

  • Promote organic farming among rural youth/ farmers/ consumers/ traders.
  • Disseminate latest technologies in organic farming.
  • Utilize the services of experts from public agricultural research system in India.
  • Organize a minimum of one cluster demonstration in a village.

Major Features of the Scheme:

  • The cluster chosen for Organic Farming shall be 20 ha or 50 acres in extent and in as contiguous a form as possible.
  • Of the total number of farmers in a cluster, a minimum of 65 percent farmers should be allocated to small and marginal category, to be fulfilled at cluster level as far as practicable.

Components:

  • Adoption of Participatory Guarantee System (PGS) certification through cluster approach.
  • Adoption of organic village for manure management and biological nitrogen harvesting through cluster approach.

Financial assistance:

  • A total assistance of Rs. 14.95 lakhs are available per cluster for mobilization, adoption of PGS certification and manure management.
  • Total financial assistance available for a 20 ha or 50-acre cluster is maximum of Rs. 10 lakhs for farmer members and Rs. 4.95 lakh for mobilization and Participatory Guarantee System (PGS) Certification with a subsidy ceiling of one hectare per farmer.
  • Maximum assistance of Rs. 10 lakhs per cluster subject to a maximum of Rs. 50,000 per farmer per ha under Manure Management and Biological Nitrogen Harvesting.
  • At least 30% of the budget allocations need to be earmarked for women beneficiaries/ farmers.

 

 

 

‘Modified Special Incentive Package Scheme’ targets which sector: (a) Heavy industries OR (b) Electronic System Design and Manufacturing?

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Answer:

  • Electronic System Design and Manufacturing (ESDM)?

Enrich Your Learning:

Modified Special Incentive Package Scheme (M-SIPS)

  • The modified special incentive package scheme (M-Sips) to promote large-scale manufacturing in electronics systems design and manufacturing (ESDM) sector.
  • M-Sips include a slew of incentives for 29 categories of ESDM products like telecom, IT hardware, consumer electronics, and solar photovoltaic among others.
  • The incentives would be across value chain that is starting from raw assembly to testing, packaging and accessories of these products.
  • Projects will be approved in three years and benefits will extend for ten years.
  • A capital subsidy of 20 per cent in special economic zones (SEZs) and 25 per cent in non-SEZs will be provided to electronic manufacturing companies.
  • Capital subsidy could apply to “existing companies for expansion and to new plants as well”. Approval for projects whose value does not exceed Rs 10,000 crore will be granted during the twelfth plan period.
  • For high technology and high capital investment units, like fabs, reimbursement of central taxes and duties is also provided.
  • The government intends to attract investment of close to $7-10 billion from investors and companies wanting to set up semiconductor fabrication plants. In June, the government had invited expressions of interest (EoI) from investors and appointed accenture to review such proposals.
  • It is estimated that the proposal will generate incentives of close to Rs 10,000 crores and generate employment for close to half a million people.

 

 

 

Payment and Settlement Systems (PSS) Act 2007 define the term ‘payment obligation’ and ‘payment system’. True OR False.

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Answer: True

Enrich Your Learning:

Payment and Settlement Systems Act, 2007

  • The Payment and Settlement Systems (PSS) Act, 2007 provides for the regulation and supervision of payment systemsin India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters.
  • The Reserve Bank is authorized under the Act to constitute a Committee of its Central Board known as the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS),to exercise its powers and perform its functions and discharge its duties under this statute.

Proposed Amendments to PSS Act, 2007: Issue of Concern:

  • The fact that the RBI has made public its dissent against the Union government’s idea, suggests that the central bank has serious problems with the dilution of its current powers over the financial sector.
  • In a strongly worded dissent note against the inter-ministerial committee for the finalisation of amendments to the Payment and Settlement Systems Act, 2007, published, the central bank observed that it would prefer the Payments Regulatory Boardto function under the purview of the RBI Governor.
  • RBI viewed that “There is no case of having a regulator for payment systems outside the RBI”.
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