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Last Updated: April 25, 2020

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  • The 15th Finance Commission held meeting with its Advisory Council

    177 days ago
    The Fifteenth Finance Commission (XVFC) had online meetings with its Advisory Council on 23-24 April 2020. The meeting was chaired by N. K. Singh, Chairman XVFC, and was attended by all members and senior officials of the Commission.  Highlights: ♦ The Members of the Advisory Council discussed the impact of the COVID-19 pandemic and the national lockdown on the Indian economy.  ♦ The officials discussed the impact of the pandemic on financial institutions and business enterprises and the loss of global demand for Indian products because of a steep global recession.  ♦ Discussions on measures to restore the supplies of intermediates and cash flows and the demand for output.  ♦ Small scale enterprises were cash-starved even prior to the onset of COVID-19.  ♦ The Council devised a support mechanism to help the activity levels and cash flows to overcome the economic issues caused by the COVID-19 pandemic. ♦ Currently, the activity levels and cash flows are affected, it is important that a support mechanism is devised to help them overcome this problem.  ♦ To help Non-banking financial companies (NBFCs) which are also affected by the slowdown, the commission planned to deepen the NPAs in the financial sector and introduce measures to guarantee help.  ♦ The council planned to seek Reserve Bank of India's (RBI) help to ensure that financial institutions are well-capitalized.  ♦ The finances of the Central and State Governments will be given adequate provision to largely help governments to manage cash-flow mismatches. It aims to ensure that the State governments get access to adequate funds to undertake their fight against the pandemic.  ♦ The Council decided to support the revival of activity in different States which will be at a varied pace.

    CCRH organized an international webinar and approved Telemedicine Guidelines for Homoeopathic Practitioners

    191 days ago
    Central Council for Research in Homoeopathy (CCRH) under the Ministry of AYUSH organized an international webinar on 10 April 2020 on the occasion of World Homoeopathy Day. Over 1000 participants attended the webinar on a digital platform which was also live-streamed. The webinar was addressed by Union Minister of State (I/C) AYUSH Shripad Yesso Naik. Highlights: ♦ During the meeting, the Ministry of AYUSH approved the Telemedicine guidelines for homeopathic practitioners. ♦ It emphasized on the need to mobilize the AYUSH workforce to align with the COVID-19 taskforce if the need arises.   ♦ The delegations spoke about the potentials of Homoeopathy which can be harnessed in the containment of COVID-19. Presentations on the facts about the use of adjuvant homeopathy along with standard care for COVID-patients was done in the meeting. CCRH: CCRH was established in 1973. It is located in New Delhi. It functions under the Ministry of Ayush. It was set up under the Central Council of Homeopathy Act 1973. The Chairman of CCRH is Shri Nilanjan Sanyal. The council was formed to monitor higher education in India.

    Committee on the Rights of Persons with Disabilities held at Geneva

    405 days ago
    The UN Committee on Convention on Rights of Persons with Disabilities (CRPD) in its 22nd Session took up India’s initial Country Report for consideration at UNHRC in Geneva.  India is a signatory of the United Nations Convention on Rights of Persons with Disabilities (UNCRPD). In Novermber 2015, India submitted its First Country Report on Status of Disability in India which was ratified in pursuance of Article 35 of the Convention. NIMHR: The launch of the National Institute of psychological state Rehabilitation (NIMHR) was held Under the excellence of the RPwD Act, 2016. To implement the Act, various measures to improve data, prohibit discrimination, especially amongst ethnic/religious minority groups, rehabilitation of internal displaced groups, protection from exploitation, protection of reproductive rights, etc. were taken/being taken by the Government. Need: The need for NIMHR is that the govt will enhance information data, prohibited discrimination, particularly amongst ethnic/religious minority groups, rehabilitation of internally displaced teams, protection from exploitation, protection of reproductive rights, etc will gain quickly.

    Nandan Nilekani to Head RBI's new panel on digital payments

    649 days ago
    The Reserve Bank of India (RBI) constituted a high-level committee headed by former chairman of the Unique Identification Authority of India (UIDAI) Nandan Nilekani to set up a robust digital payments ecosystem in India. Role of the five-member panel - To review the existing status of digitization of payments, identify gaps in the ecosystem and suggest ways to plug them. Besides Aadhaar architect Nilekani, the other members of the panel are former RBI deputy governor H.R. Khan, former managing director and chief executive officer (CEO) of Vijaya Bank Kishore Sansi, former secretary in the ministry of IT Aruna Sharma and chief innovation officer at the Center for Innovation, Incubation and Entrepreneurship, IIM Ahmedabad, Sanjay Jain.

    Former SEBI chief UK Sinha to head RBI panel on MSMEs

    655 days ago
    The Reserve Bank of India (RBI) set up a committee under former SEBI Chairman UK Sinha to address issues regarding the sustainability of Micro, Small and Medium Enterprises (MSMEs). This comes after RBI allowed one-time restructuring of MSME loans of up to ₹25 crore.

    SAARC fund to launch social enterprise programme in India and 7 other member nations

    853 days ago
    Thimpu-based SAARC Development Fund (SDF) will soon be launching a Social Enterprise Development Programme (SEDP) to fund 80 entities annually across the 8-member states including India. SDF was established by the Heads of the eight SAARC member states in April 2010 and its Governing Council comprises finance ministers of these eight countries. Full form of SAARC - South Asian Association for Regional Cooperation SAARC members are - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

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