- Farm loan waiver quantum jumps to ₹40,000 crore
- The quantum of the Janata Dal (Secular)–Congress coalition government’s much-discussed farm loan waiver is now about ₹40,000 crore — a jump from ₹34,000 crore announced in the State Budget.
- While the budget announcement had set the eligibility of crop loans taken between April 1, 2009 and December 31, 2017, the Chief Minister extended the date of eligibility till July 10, which is expected to benefit about 45 lakh families. The announcement, according to Mr. Kumaraswamy, would have a net benefit for farmers of about ₹8,500 crore in the cooperative sector alone.
- Currently, in Karnataka, the size of crop loan in both cooperative institutions and nationalised banks is to an extent of ₹48,091 crore from 43.56 lakh accounts.
- Meanwhile, Mr. Kumaraswamy said the State government would issue interest-free bonds to nationalised banks to takeover crop loan dues of farmers. According to him, loan overdue of ₹10,500 crore in eight nationalised banks would be covered.
- The State government has put forth condition that farmers will be issued no-objection certificate and also they will be eligible for fresh loans. The bonds will be the government’s commitment towards the loan waived,
· Google introduced Launchpad Accelerator for AI, ML Startups in India
- Launchpad Accelerator India” is a new comprehensive mentorship programme tailored exclusively for Indian startups that are using Machine Learning (ML)and Artificial Intelligence (AI) to build solutions for the pressing problems in the country.
- The selected 8-10 startups will get Google’s mentorship and $100K Google Credits.
- Madras HC ruled that the name of the father in birth certificate is optional
- The Madras High Court has ruled that there is no legal obligationon the part of a mother to disclose the name of the father at the time of registering her child’s birth.
- The court said it will be sufficient for women, who go for intrauterine insemination, to file a sworn affidavit that the child was born from her womb. Justice M.S. pointed out that neither the Births and Deaths Act of 1969, a Central enactment, nor the Tamil Nadu Registration of Births and Deaths Rules of 2000, framed by the State government by exercising powers conferred on it under the Act, requires the father’s name to be recorded in the birth register maintained by local bodies.
· Aadhaar enabled DBT savings estimated over Rs 90,000 crore
- After inception of Aadhaar-based Direct Benefit Transfer(DBT), over Rs 90,000 crore has been saved and gained as on March 31 this year.
- 121 crore residents have so far enrolled for Aadhaar card and on an average over 30 million(3 crore) e-transactions are done using the identification system.
- Aadhaar data is completely safe and secure and is kept in about 7,000 servers in Bengaluru and Manesar.
· Indian Army signed MoU with SBI on the Defence Salary Package
- Defence Salary Package will include free personal accident death, free permanent total disability cover and other accidental benefits to the deceased soldier and family.
- The first MoU between SBI and the Indian Army was signed in 2011 and was renewed in February 2015.
- The renewed MoU will be valid till January 3, 2019.
· ₹1,100 crore to be spent on border villages
- The Centre has released ₹1,100 crore in 2017-18 for the all-round development of villages located along the international border in 17 states.
- According to the home ministry, 61 model villages, with amenities like health centre, school, drinking water, will be developed along the border and ₹126 crore has been released for this purpose.
- The issues related to the implementation of the Border Area Development Programme (BADP) were discussed. Each model village will provide all basic facilities like primary health centre, primary education, community centre, connectivity, drainage, drinking water, etc. to enable sustainable living in border areas.
- BADP covers 111 border districts in 17 states to meet special development needs of border population with focus on people living within 50 kilometers of the International Border.
- A total of ₹13,400 crore has been released since the programme was initiated in 1986-87.
· Centre may cap school fee hikes at 10% per year
- Bringing relief to parents beset by frequent and arbitrary increases in school fees, a government commission is likely to suggest a 10% yearly cap on the fee hike permissible by private, unaided schools, with provisions for penalties in case of violations.
- Although fixing school fees is the domain of state governments, in the absence of a standard fee policy for unaided schools, there has been a growing clamour for central regulations.
- India has 350,000 private, unaided schools — 24% of all schools — where 75 million children, or 38% of all students, study. Such schools do not receive any grant from the government and have to generate their own revenue for sustenance.
- According to the draft regulations, if a school violates the norms provided in the uniform fee framework, it will be fined 1% of the revenue it generates in the first instance, which will increase to 2 % and 5% for a second and third violation.
· Ayushman Bharat: Use of Aadhaar only ‘desirable, not must
- The use of Aadhaar Card is desirable but not a must to avail benefits under the Ayushman Bharat —National Health Protection Mission, the Union Health Ministry said.
- It said that the notification of the Ayushman Bharat – National Health Protection Mission being issued under Section 7 of the Aadhaar Act merely enabled the implementation agencies to ask for authentication of identity.
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