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Daily PIB Summary- 5 August 2018

Press Information Bureau India

PIB Summary

Health Assurance programme under Ayushman Bharat
  • The Prime Minister, Shri Narendra Modi, today reviewed the progress of preparations towards the launch of the Health Assurance programme under Ayushman Bharat
  • The scheme will provide health assurance cover of upto Rs. 5 lakh per family. It will be targeted to cover over 10 crore poor and vulnerable families.
  • In April, on the occasion of Ambedkar Jayanti, the Prime Minister had inaugurated the first ‘Health and Wellness Centre’ under Ayushman Bharat, in the aspirational district of Bijapur in Chhattisgarh.

Government is keen to provide quality education to the Students belonging to Minority Communities
  • The National Minorities Development & Finance Corporation (NMDFC) working under the aegis of the Ministry of Minority Affairs, Govt. of India has extended its helping hand for the Delhi United Christian Senior Secondary School by refurbishing their Computer Centre and also providing water coolers with in-built RO system for ensuring safe drinking water.
  • This support is being extended under the Corporate Social Responsibility (CSR) programme of NMDFC.
  • Shri Naqvi, while addressing the students, appreciated the initiative of NMDFC and assured the students that the Government is committed to “Sabka Saath Sabka Vikas” philosophy.
  • Therefore they should avail the benefits of a variety of educational support schemes being run by the Ministry of Minority Affairs & other Govt. schemes.
Cabinet approves Extension of Concessional Financing Scheme (CFS)
  • The Union Cabinet has approved the first extension of Concessional Financing Scheme(CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.
  • CFS: 
  1. Under the CFS, the Govt. of India has been supporting Indian Entities bidding for strategically important infrastructure projects abroad since 2015-16. 
  2. Since the objectives of the Scheme continue to be relevant, it is proposed to extend the Scheme for another five years from 2018 to 2023.
  3. The scheme envisages Government of India to provide counter guarantee and interest equalization of 2 % to EXIM Bank to offer concessional finance to any foreign Govt. or foreign Govt. owned or controlled entity, if any Indian entity, succeeds in getting contract for the execution of a project.
  4. Under the Scheme, EXIM Bank extends credit at a rate not exceeding LIBOR (avg. of six months) + 100 bps. The repayment of the loan is guaranteed by the foreign govt.
  •  Major Impact:
  1. Prior to the introduction of CFS, Indian entities were not able to bid for large projects abroad since the cost of financing was very high for them and bidders from other countries such as China, Japan, Europe and US were able to provide credit at superior terms, i.e., lower interest rate and longer tenures which works to the advantage of bidders from those countries.
  2. The CFS enables India to generate substantial backward linkage induced jobs, demand for material and machinery in India and also a lot of goodwill for India.
  • Implementation Strategy and Targets:
  1. Under the Scheme, MEA selects the specific projects keeping in view strategic interest of India and sends the same to Department of Economic Affairs (DEA).
  2. The strategic importance of a project to deserve financing under this Scheme, is decided, on a case to case basis, by a Committee chaired by Secretary, DEA
  3. Once approved by the Committee, DEA issues a formal letter to EXIM Bank conveying approval for financing of the project under CFS.
Re-structuring of the Agricultural Scientists' Recruitment Board (ASRB)
  • The ASRB will now be a 4 Member body instead of 3 Members. It will have a Chairperson and 3 Members
  • ASRB would be for a period of three years or till attainment of 65 years of age, whichever is earlie
  • For the purpose of autonomy, secrecy, accountability and efficient functioning ASRB shall be delinked from ICAR and to be attached with Deptt. of Agricultural Research & Education (DARE) under Ministry of Agriculture & Farmers' Welfare.
  • Impact:
  1. The four Member body comprising of one Chairperson and three Members would help in expediting the work and functioning of ASRB which would be beneficial for the agrarian community andagriculture at large.
  2. It will ensure more transparency and efficiency in recruitment of meritorious scientists to various scientific positions in lCAR, the premier agency for agricultural research and education in the country.
  • ASRB: In November 1973, the Cabinet approved inter alia setting up of Agricultural Scientists'Recruitment Board with a whole-time Chairman, to function as an independent recruitment agency in recruitment to various scientific positions in Agricultural Research Service and Research Management Positions of ICAR/DARE.