One lakh benefitted under Ayushman Bharat in one month of its launch: JP Nadda
Union Health Minister JP Nadda on October 21, 2018 announced that nearly a month after the roll out of the health insurance scheme ‘Pradhan Mantri Jan Arogya Yojana (PMJAY)’ (Ayushman Bharat), one lakh people have availed of the ambitious programme.
The Pradhan Mantri Jan Arogya Yojana, considered as the world's largest health insurance programme, was launched pan-India by Prime Minister Narendra Modi from Jharkhand on September 23, 2018. Ayushman Bharat, the government-sponsored health insurance scheme, provides free coverage of up to Rs 5 lakh per family per year in any government or even empanelled private hospitals all over India.
ILC submits 2nd Report on Cross Border Insolvency; recommends adoption of UNCITRAL Model Law
The Insolvency Law Committee (ILC) on October 22, 2018 submitted its 2nd Report on Cross Border Insolvency to Arun Jaitley, Minister of Finance and Corporate Affairs. The ILC was constituted by the Ministry of Corporate Affairs to recommend amendments to Insolvency and Bankruptcy Code of India, 2016,
The ILC recommended the adoption of the UNCITRAL Model Law of Cross Border Insolvency, 1997 as it provides for a comprehensive framework to deal with cross border insolvency issues. The Committee also recommended a few steps to ensure that there is no inconsistency between the domestic insolvency framework and the proposed Cross Border Insolvency Framework.
Green fund approves $1 billion to assist poor countries to tackle climate change
Green Climate Fund, the UN-backed fund has approved more than $1 billion for 19 new projects to help developing countries tackle climate change. The decision was taken during a four-day meeting in Manama, Bahrain that ended late on October 20, 2018.
The green fund, considered a key vehicle for climate-related development programs, was originally meant to receive over $10 billion from rich countries by 2018. However, US President Donald Trump's decision to withhold $2 billion of the $3 billion pledged by his predecessor, Barack Obama, has contributed to a shortfall in its projected assets.
PM Modi launches National Police Memorial; announces Award in name of Subhas Chandra Bose
Prime Minister Narendra Modi on October 21, 2018 dedicated the National Police Memorial to the nation on the occasion of the Police Commemoration Day 2018. The National Police Commemoration Day is observed on 21 October every year to pay homage to the 10 men of the Central Reserve Police Force killed in an ambush by Chinese troops in 1959 in Ladakh’s Hot Spring area.
The National Police Memorial consists of Central Sculpture, a Wall of Valour and a State of Art Museum dedicated to the memory of the martyred police personnel. A 30-foot granite pillar, weighing around 238 tonnes, has been installed at Chanakyapuri, Delhi to honour the policemen. The sculpture was conceptualised by Advaita Gadanayak of the National Gallery of Modern Art.
US to pull out of Intermediate-Range Nuclear Forces treaty with Russia
US President Donald Trump confirmed on October 20, 2018 that the United States will pull out of the three-decade-old Intermediate-Range Nuclear Forces (INF) treaty, which it had signed with Russia during the Cold War.
Explaining the decision, Trump alleged that Russia has "violated" the agreement. He said that they have been violating it for many years. He said that the US would not let Russia violate a nuclear agreement and go out and develop the weapons while the US is not allowed to. “We'll have to develop those weapons,” he added.
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