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DAILY NEWS ANALYSIS
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2. Scheme for COVID Orphans
About this news:
Prime Minister of India released PM CARES
benefits for ‘COVID orphans’.
Initiatives are announced under the PM
CARES for children initiative.
Features
The Covid initiative for children will
be open to those who lost both their
parents, only
surviving parent, legal guardian or adoptive parents to Covid between March 11, 2020 and
February 28, 2022
They will be provided financial assistance of Rs 10 lakh, and health cover of Rs 5 lakh
through Ayushman cards
The beneficiaries will be eligible to avail loans for higher education and professional courses.
The Rs 10 lakh assistance will be in the form of an investment with the returns given to
beneficiaries in form of a monthly stipend between the ages of 18 and 23, and the entire
amount handed over when they attain the age of 23.
The benefits also include an annual scholarship of Rs 20,000 for school students and monthly
financial support of Rs 4,000 for daily needs.
School-going children will also receive free education, textbooks and uniforms at the nearest
government schools. Those in private schools may avail fee reimbursement under norms for
the Right to Education Act, 2005.
To avail the benefits, the names of affected children need to be registered on the portal
pmcaresforchildren.in — it will also act as a single-window system for approvals.
Data available on the portal show that 9,042 applications have been received under the
programme with 4,345 of them already approved.
Children may also need emotional support and mental guidance. A special ‘Samvad’ service
has also been started for this.
On the ‘Samvad Helpline’, children can consult, discuss with experts on psychological
matter.
PM – CARES Fund
The government set up the Prime Minister’s Citizen Assistance and Relief in Emergency
Situations Fund (PM-CARES Fund) to deal with any kind of emergency or
distress situation like posed by the COVID-19 pandemic.
The Fund is a public charitable trust with the Prime Minister as its Chairman. Other
Members include Defence Minister, Home Minister and Finance Minister.
PM CARES do not receive budgetary support
It is not audited by Comptroller and Auditor General (CAG).
3. The Fund enables micro-donations as a result of which a large number of people will be
able to contribute with the smallest of denominations.
Donations have been made tax-exempt, and can be counted as a company’s corporate
social responsibility (CSR) obligations.
GST compensation
About this news:
The Centre has released the entire amount
of Goods and Services Tax (GST)
compensation payable to States up to May 31,
2022 by releasing an amount of ₹86,912 crore.
This is being done to assist the States in
managing their resources and ensuring
that their programmes, especially the
expenditure on capital, is carried out
successfully during the financial year.
What is the GST compensation?
The Constitution (One Hundred and First Amendment) Act, 2016, was the law which created
the mechanism for levying a common nationwide Goods and Services Tax (GST).
While States would receive the SGST (State GST) component of the GST, and a share of the
IGST (integrated GST), it was agreed that revenue shortfalls arising from the transition to the
new indirect taxes regime would be made good from a pooled GST Compensation Fund.
How is the GST Compensation Fund funded?
This corpus is funded through a compensation cess that is levied on so-called ‘demerit’ goods.
The items are pan masala, cigarettes and tobacco products, aerated water, caffeinated
beverages, coal and certain passenger motor vehicles.
Computation of the shortfall:
The computation of the shortfall is done annually by projecting a revenue assumption based on 14%
compounded growth from the base year’s (2015-2016) revenue and calculating the difference
between that figure and the actual GST collections in that year.
Can the deadline be extended? If so, how?
The deadline for GST compensation was set in the original legislation and so in order to extend
it, the GST Council must first recommend it and the Union government must then move an
amendment to the GST law allowing for a new date.
4. PM-Kisan scheme
About this news:
11th installment of PM Kisan Samman
Nidhi, worth over Rs. 20,000 crores, was
recently transferred to more than 10 crore
farmers.
About PM-Kisan scheme:
It is a central sector scheme with 100
per cent funding from the Government
of India. The scheme was launched in
December 2018.
Under the scheme, income support of ₹6,000 per year is provided to small and marginal
farmers.
The state governments and Union Territory administration identify the farmers who are
eligible for the scheme and share the list with the Centre.
Ambit:
The Scheme initially provided income support to all Small and Marginal Farmers’ families across
the country, holding cultivable land upto 2 hectares. Its ambit was later expanded w.e.f.
01.06.2019 to cover all farmer families in the country irrespective of the size of their land
holdings.
Exceptions:
Affluent farmers have been excluded from the scheme such as Income Tax payers in last assessment
year, professionals like Doctors, Engineers, Lawyers, Chartered Accountants etc and pensioners
pensioners drawing at least Rs.10,000/- per month (excluding MTS/Class IV/Group D employees).
Similar programmes by states:
1. Bhavantar Bhugtan Yojana- MP.
2. The Rythu Bandhu scheme- Telangana.
3. Krushak Assistance for Livelihood and Income augmentation (KALIA)- Odisha.
Har Ghar Tiranga
About this news:
Revised Flag Code of India has come into effect. The Union government in December 2021
amended the flag code.
According to this:
The Indian national flag or Tricolour can now be made of polyester and with the help of
machines.
5. Background:
Earlier only hand-woven and hand-spun flags made of cotton, silk, wool or Khadi were allowed.
Har Ghar Tiranga (tricolour at every door) programme:
It proposes to cover government buildings, private offices and residences.
Rules governing the usage of National Flag:
The hoisting, use and display of the flag is governed by the Prevention of Insults to National
Honour Act, 1971, and the Flag Code of India, 2002.
Previous amendments to the Flag Code:
The code has been amended earlier too. The original flag code of India 1947 was amended in
2002 after a Supreme Court judgment.
This expanded the definition of places where the flag could be displayed or hoisted.
However, part one of the code that deals with the description of the flag had remained
untouched.
Evolution of National flag:
Present flag is based
on the Swaraj flag, a flag
of the Indian National
Congress designed
by Pingali Venkayya.
After undergoing several
changes, the Tricolour was
adopted as our national
flag at a Congress
Committee meeting in
Karachi in 1931.
Constitutional & Statutory Provisions
regarding National Flag of India:
Art 51A(a) – To abide by the Constitution
and respect its ideals and institutions, the
National Flag and the National Anthem.
Statutes Governing Use of Flag:
Emblems and Names (Prevention of
Improper Use) Act, 1950.
Prevention of Insults to National
Honor Act, 1971.
6. Sarvepalli Radhakrishnan narrated significance of National flag as:
1. The “Ashoka Chakra” is the wheel of the law of dharma. Chakra intend to show that there is
LIFE IN MOVEMENT and death in stagnation.
2. The saffron color denotes renunciation of disinterestedness.
3. The white in the center is light, the path of truth to guide our conduct.
4. The green shows our relation to the soil, our relation to the plant life here, on which all other
life depends.
What is liquid nano urea?
About this news:
Prime Minister Narendra Modi recently inaugurated the country’s first liquid nano urea plant at
Kalol, Gujarat.
It will be produced by Indian Farmers Fertiliser Cooperative (IFFCO) Limited.
What is liquid nano urea?
Urea is a chemical nitrogen fertilizer, white in colour, which artificially provides nitrogen, a major
nutrient required by plants.
Liquid nano urea is essentially urea in the form of a nanoparticle.
Liquid nano urea vs imported/urea – Which is better?
Cost: liquid nano urea is cheaper (Rs 240 for half litre without subsidy; International market
price of a bag of urea is between Rs 3,500 and Rs 4,000. A bottle of the nano urea can
effectively replace at least one bag of urea.
Benefits for the government: Reduces fertilizer subsidy bill of the government. India is
dependent on imports of the widely used fertilizer.
The efficiency of liquid nano urea can be as high as 85-90 per cent (Conventional urea has
an efficiency of about 25 per cent).
Liquid nano urea has a shelf life of a year, and farmers need not be worried
about “caking” when it comes in contact with moisture.
Other benefits of liquid nano urea:
Fertilizers in nano form
provide a targeted supply of
nutrients to crops, as they are
absorbed by the stomata, pores
found on the epidermis of leaves.
Reduces the unbalanced and
indiscriminate use of
conventional urea.
Increases crop productivity.
Reduces soil, water, and air
pollution.
7. Prevention of Money Laundering Act:
About this news:
The Enforcement Directorate has arrested Delhi Health Minister and senior Aam Aadmi Party
(AAP) leader Satyendar Jain under the criminal provisions of the Prevention of Money
Laundering Act (PMLA) in connection with his alleged involvement in a ‘hawala transactions’
case.
About the Prevention of Money Laundering Act:
It was enacted as a response to India’s global commitment (including the Vienna Convention) to
curb the menace of money laundering.
Objectives of the Act: PMLA was enacted in 2002 and it came into force in 2005, to curb money
laundering (process of converting black money into white) and to provide for seizure of property
derived from money-laundering.
There are mainly 3 objectives of PMLA:
1. To prevent and control money laundering.
2. To confiscate and seize the property obtained from the laundered money.
3. To deal with any other issue connected with money laundering in India.
Dispute redressal:
The Adjudicating Authority is appointed by the central government. It decides whether the
property attached or seized is involved in money laundering.
The Adjudicating Authority shall not be bound by the procedure laid down by the Code of
Civil Procedure,1908, but shall be guided by the principles of natural justice and subject to
the other provisions of PMLA.
Appellate Tribunal: An Appellate Tribunal appointed by the Government is given the power to
hear appeals against the orders of the Adjudicating Authority. Orders of the tribunal can be appealed
in the appropriate High Court.
Special Court: Provision for establishing special court by the Union government under Prevention
of Money Laundering Act, 2002 (PMLA).
PMLA (Amendment) Act, 2012:
Adds the concept of ‘reporting entity’ which would include a banking company, financial
institution, intermediary etc.
PMLA, 2002 levied a fine up to Rs 5 lakh, but the amendment act has removed this upper
limit.
It has provided for provisional attachment and confiscation of property of any person
involved in such activities.