PIB News 17th March 2020

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1)UDAY 2.0 Scheme:- Electricity is a concurrent subject, and the distribution of electricity is handled by the states and state distribution utilities.

Salient Features of UDAY

  • States shall take over 75% of DISCOM debt as on 30 September 2015 over two years – 50% of DISCOM debt shall be taken over in 2015-16 and 25% in 2016-17.
  • Government of India will not include the debt taken over by the States as per the above scheme in the calculation of fiscal deficit of respective States in the financial years 2015-16 and 2016-17.
  • States will issue non-SLR including SDL bonds in the market or directly to the respective banks / Financial Institutions (FIs) holding the DISCOM debt to the appropriate extent.
  • DISCOM debt not taken over by the State shall be converted by the Banks / FIs into loans or bonds with interest rate not more than the bank’s base rate plus 0.1%. Alternately, this debt may be fully or partly issued by the DISCOM as State guaranteed DISCOM bonds at the prevailing market rates which shall be equal to or less than bank base rate plus 0.1%.
  • States shall take over the future losses of DISCOMs in a graded manner and shall fund them.

2) India and Fish Production:- India, one of the major fish producing nations in the world stands 2nd in aquaculture production in the world.

The Ministry of Fisheries, Animal Husbandry and Dairying is implementing various schemes/programmes for development of fisheries sector for enhancement of fish production.

India’s Blue Revolution:- Blue Revolution refers to the time of intense growth in the worldwide aquaculture industry from the mid-1960s to present. The aquaculture industry has been growing at an average rate of 9% a year.

4)Govt. Fixes MSP (Minimum Support Price) of Wheat , pulses and oilseeds on the recommendations of CACP (Commission for Agricultural Costs & Prices (CACP)).

5)What is “Herd Immunity” Strategy adopted by the UK Government to contain Corona Virus?

Herd immunity is achieved through vaccinations and also gaining immunity. When a considerably bigger population is vaccinated, those that are not vaccinated also gain immunity.

when the majority of population gain immunity against the disease, the level of its transmitting reduces. This is the strategy being adopted as “Herd immunity“.

6)Parliament passes Central Sanskrit Universities Bill, 2019 granting central university status to three deemed Sanskrit universities — Rashtriya Sanskrit Sansthan, Sri Lal Bahadur Shastri Rashtriya Sanskrit Vidyapeeth, and Rashtriya Sanskrit Vidyapeeth Tirupati.

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