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RBI provides additional liquidity facility of Rs 10,000 crore to NHB, Nabard

RBI
Reserve Bank of India

New Delhi (NVI): Reserve Bank of India (RBI) governor Shaktikanta Das today said the central bank will provide additional special liquidity facility of Rs 10,000 crore to National Bank for Agriculture and Rural Development (Nabard) and National Housing Bank (NHB).

The facility will be for a period of one year and will be charged at the RBI’s repo rate.

Announcing monetary policy decisions, Das said Rs 5,000 crore will be provided to NHB to support liquidity starved housing finance companies.

“In order to shield the housing sector from liquidity disruptions under the prevailing conditions and augment the flow of finance to the sector, it has been decided to provide an additional standing liquidity facility (ASLF) of ₹5,000 crore to NHB – over and above ₹10,000 crore already provided – for supporting housing finance companies (HFCs),” the RBI said in a statement.

RBI also announced a separate liquidity line of Rs 5,000 crore for Nabard for refinancing NBFC-MFIs and other smaller NBFCs.

In addition to this, RBI kept the repo rate, the key interest rate at which it lends to commercial banks, unchanged at 4 percent.

Furthermore, among the key announcements made, RBI has also decided to allow loans for non-agricultural purposes, against gold and jewellery, to be granted up to 90 percent of the pledged value of gold ornaments and jewellery. This relaxation of the limit, up from current limit of 75 percent, shall be available till March 31, 2021.

-CHK

UPSC clarifies on CSE result 2019

New Delhi (NVI): The Union Public Service Commission (UPSC) today issued a clarification regarding misleading information on Civil Services Examination 2019 results, that the number of candidates recommended is fewer than the vacancies indented by the government.

The UPSC in a statement said, “It has been brought to the notice of the Union Public Service Commission that some misleading information is circulating regarding less number of recommended candidates against the vacancies indented by the Government for the Civil Services Examination, 2019.”

It is hereby clarified that, as against 927 vacancies for Civil Services Examination (CSE), 2019, the commission, in the first instance, has released the result of 829 candidates and has also maintained a reserve list in accordance with Rule-16 (4) & (5) of Civil Services Examination Rules, 2019.

“This is a standard practice since decades, commission said, adding that, “In case candidates belonging to reserve categories who are selected at general standards, wish to choose services and cadre based on their reserve status if it is beneficial for them, the resultant vacancies may be filled up from the reserve list.”

The statement further added, the reserve list carries adequate number of candidates from the reserve categories also to cater to the shortfall arising out of preferences exercised by candidates belonging to reserve categories figuring above general standard.

UPSC is also mandated to keep the reserve list confidential till the process of such exercise of preferences is over in accordance with Rule 16(5) of the Civil Services Examination Rules, 2019, it added.

-RJV

Canadian national sentenced to death in China over drug charges

Batla House
Representational image

New Delhi (NVI): A Canadian citizen was sentenced to death by a Chinese court today over drug charges, in a further escalation of tension between the two countries.

Canadian citizen Xu Weihong became the third Canadian today to be awarded capital punishment for producing drugs while his accomplice, Chinese national Wen Guanxiong, was sentenced to life imprisonment, reports the Global Times.

The Guangzhou Intermediate People’s Court in South China’s Guangdong Province made the judgment on the drug production case this morning and Xu was sentenced to death. The court also ordered the confiscation of all his personal property, the Chinese newspaper reported.

Xu’s accomplice Wen will also face deprivation of political rights for life and confiscation of all his personal property.

According to the Global Times, in October 2016, Xu purchased the raw materials and tools for drug making, and worked with Wen to make ketamine in Wen’s residence and stored the drugs in Xu’s residence in Haizhu district, Guangzhou.

Police officers seized 120.56 kilograms of ketamine at the above-mentioned residences, the newspaper reports.

However, this is not the first case of Canadians being convicted and sentenced over drug charges. In January 2019, Canadian Robert Lloyd Schellenberg was sentenced to death by the Dalian Intermediate People’s Court for smuggling more than 222 kilograms of meth, according to the Global Times.

Relations between China and Canada have strained since Canadian officials arrested Huawei Technologies Co. Chief Financial Officer Meng Wanzhou in Vancouver in 2018.

The move was immediately followed by Beijing detaining two Canadian citizens working in China, Michael Kovrig and Michael Spavor over charges of spying.

In another case, China sentenced Canadian Robert Lloyd Schellenberg to death last year on drug trafficking charges. The move came shortly after Meng’s arrest. Canadian Prime Minister Justin Trudeau had denounced it as “arbitrary.” Another Canadian national, Fan Wei, was also subsequently given the death penalty by a Chinese court.

-ARK

Munda flags off ‘Medicine Van’ in Bihar

New Delhi (NVI): Union Minister for Tribal Affairs, Arjun Munda today flagged off “Medicine Van” for flood victims in Bihar.

Thakurdwra Trust, based in Delhi, has provided medicine support of Rs 15 lakh for flood victims. Around 2,000 volunteers are working on ground to serve the victims, the Ministry of Tribal Affairs said in a statement.

On the occasion, Munda lauded the noble efforts of Bhore Lal, retired IAS officer and his teammates at the Thakurdwara Trust for their selfless service to the society, it added.

He also thanked the Thakurdwara Trust for their generous support adding that the efforts of his team will serve the flood victims of Bihar in their hour of need.

More than 66 lakh people have been hit by the floods across 16 districts in Bihar.

-RJV

PM to address conclave on ‘National Education Policy’ tomorrow

PM expresses happiness over rise in India's leopard population
Prime Minister Narendra Modi (File photo)

New Delhi (NVI): Prime Minister Narendra Modi will deliver the inaugural address at the ‘Conclave on Transformational Reforms in Higher Education under National Education Policy’ tomorrow, through video conferencing.

The conclave is being organised by the Ministry of Human Resource Development and University Grants Commission (UGC).

This will be the first time PM Modi will be speaking on the National Education Policy 2020 after its announcement last month.

The virtual conclave will have sessions discussing different aspects of education covered under the National Education Policy, 2020. Some of the aspects which would be covered include Holistic, Multidisciplinary and futuristic education, Quality Research, and Equitable use of technology for better reach in Education.

Union Minister for HRD Ramesh Pokhriyal ‘Nishank’, Union Minister of State, HRD, Sanjay Dhotre will also participate in the conclave.

Speakers at the conclave include members of the Committee for Draft NEP, UGC Secretary, Chairman, VCs, Directors, and Principals from eminent institutes, universities and colleges who will speak on different aspects of the National Education Policy 2020.

The conclave will be streamed live on the HRD Ministry’s Facebook page, social media handles and YouTube channel of UGC, and PIB YouTube channel. The programme will also be broadcasted on DD News.

On July 29, the National Education Policy 2020 was approved by the Cabinet. The policy highlights some major changes in the school and higher education system.

One of the major changes introduced in the policy is the shift from 10+2 framework of education to 5+3+3+4 years with a strong base of Early Childhood Care and Education (ECCE) from age 3.

Whereas, in higher education system, the policy introduces phasing out the system of affiliated colleges over a period of 15 years through a system of graded autonomy to colleges, a transparent system of graded accreditation, will be established.

-RJV

Centre releases Rs 890 crore financial package for states to combat COVID-19

New Delhi (NVI): Amid the rising coronavirus cases in the country, the Centre today released a financial package of Rs 890.32 crore to states and union territories in order to tackle the deadly pandemic.

Notably, this is the second tranche of financial package released by the Centre. The money released by the Centre will be used by 22 states and UTs to strengthen the infrastructure to tackle COVID-19.

The first installment of Rs 3,000 crore was released in April by the centre to all states and union territories.

On March 24, a fund of Rs 15,000 crore was announced as part of the ‘Whole of Government’ approach where the Centre is leading the COVID-19 response and management, and supporting the States/UTs through technical and financial resources, the COVID-19 Emergency Response and Health System Preparedness Package by the Prime Minister.

In addition to this, the states will be able to use this fund to procure things like beds, testing kits, etc.

As part of this package, States and UTs have been strengthened with 5,80,342 isolation beds, 1,36,068 oxygen supported beds and 31,255 ICU beds. Also, 86,88,357 testing kits and 79,88,366 Vial Transport Media (VTM) have been procured by them. As many as 96,557 human resource has been added and incentive has been given to 6,65,799 HR. The package has aided provision of mobility support to 11,821 staff.

-CHK

India slams Pak over its remarks on Ram temple

Indo-Pak trade

New Delhi (NVI): A day after Pakistan criticised India over foundation laying of Ram temple in Ayodhya, New Delhi today asked Islamabad to “desist from interfering in India’s affairs” and “refrain from communal incitement” while reminding it how it treats its own minorities.

“We have seen the press statement by the Islamic Republic of Pakistan on a matter internal to India. It should desist from interfering in India’s affairs and refrain from communal incitement,” MEA spokesperson Anurag Srivastava said while answering a media query on the matter.

“While this is not a surprising stance from a nation that practices cross border terrorism and denies its own minorities their religious rights, such comments are nevertheless deeply regrettable,” Srivastava added.

The ceremony for construction of Ram temple took place yesterday in Ayodhya with Prime Minister Narendra Modi performing the ‘bhoomi pujan’ of the temple.

Pakistan Foreign Office reacted over the development yesterday, saying that the “flawed judgment” of the Indian Supreme Court was paving way for construction of the temple.

To recall, the Indian Supreme Court in a unanimous verdict last year cleared the way for the construction of a Ram Temple at the disputed site at Ayodhya, and directed the Centre to allot a 5-acre plot to the Sunni Waqf Board for building a mosque.

Pakistan, which has tried to attack India with its brazen lies earlier too, didn’t refrain from making such remarks yesterday. “The flawed judgment of the Indian Supreme Court paving the way for construction of the temple not only reflected the preponderance of faith over justice but also the growing majoritarianism in today’s India, where minorities, particularly Muslims and their places of worship, are increasingly under attack,” Pakistan Foreign Office (FO) said in a statement.

However, India had earlier also rejected “unwarranted and gratuitous comments” made by Pakistan over the issue.

PM Modi yesterday laid the foundation stone of Ram Temple in Ayodhya, which marks the formal beginning of the construction of the temple in the holy city.

“A grand temple will now be built for our Ram Lalla who had been staying in a tent. Today, Ram Janmbhoomi breaks free of the cycle of breaking and getting built again – that had been going on for centuries,” PM said while addressing a gathering of 175 distinguished guests in Ayodhya.

-ARK

Nation remembers Sushma Swaraj

New Delhi (NVI): Tributes pour in from across the nation on the first death anniversary of former external affairs minister Sushma Swaraj. Prime Minister Narendra Modi and Vice President M Venkaiah Naidu were among the political leaders who remembered the veteran BJP leader.

Taking to Twitter, PM Modi wrote, “Remembering Sushma Ji on her first Punya Tithi. Her untimely and unfortunate demise left many saddened. She served India selflessly and was an articulate voice for India at the world stage.”

The Prime Minister also shared a video where he had spoken at a prayer meeting in her memory last year.

Vice President M Venkaiah Naidu, paying wrote, “Sushma Ji was seen as an epitome of Indian culture. She was a blend of modern thinking and traditional values. She was always respectful towards seniors and elders.”

“She was one of the most affable Indian politicians and treated everybody with warmth and affection,” Naidu added.

On this day, last year, Sushma Swaraj passed away following a massive cardiac arrest at the age of 67. She served as the Minister of External Affairs of India in the Modi Government.

She was the second woman to hold the office, after Indira Gandhi and was also one
of India’s most-followed leaders on Twitter with over 13 million followers.

Remembering his predecessor, Minister of External Affairs, S Jaishankar shared a collage of pictures. “Today, more than ever, remember her fondly. Always an inspiration,” Jaishankar tweeted.

-RJV/ARK

Manoj Sinha to take oath as J&K’s new LG tomorrow

Jammu and Kashmir Lieutenant Governor Manoj Sinha (file photo)

Abid Bashir

Srinagar (NVI): Senior BJP leader and former Union Minister Manoj Sinha, who was appointed as new Lieutenant Governor of J&K this morning, arrived in Srinagar this evening and will be administered the oath of office at Rajbhawan here tomorrow morning, official sources said.

They said that Sinha arrived in Srinagar at 5 PM. “He will be administered oath as the new LG of J&K tomorrow morning at Rajbhawan Srinagar,” they said, adding that the timing of the oath ceremony has not been decided yet.

Manoj Sinha arrived in Srinagar at 5 PM today. (Photo via arrangement)

Sinha’s appointment as the new J&K LG took place on the first anniversary of the Centre’s move to scrap special status to Jammu and Kashmir under Article 370 and bifurcation of the erstwhile state into two UTs— Ladakh and J&K.

Sinha (61) has been a Lok Sabha MP and a member of the BJP’s top leadership panel, the National Council. He was the Minister of State for Railways and Telecom in the first term of the Modi Government.

Exactly one year after J&K’s special status was scrapped, Sinha’s appointment is seen as an attempt to revive the political process in the UT. On the first anniversary of Article 370 rollback, Kashmir witnessed a complete shutdown and the BJP units at district headquarters celebrated the day by unfurling the tricolor. The UT administration had imposed strict curbs to avoid any untoward incident on the occasion.

Sinha will succeed Girish Chandra Murmu, who resigned abruptly last night. Murmu was appointed in October last year. A 1985-batch Gujarat cadre officer, Murmu worked with PM Modi when he was Gujarat Chief Minister.

After Modi became the Prime Minister, the officer joined the Union Finance Ministry. He became Joint Secretary in the expenditure department. The senior bureaucrat was expected to retire on November 30 last year. Sources said that Murmu is now the frontrunner for the post of Comptroller and Auditor General (CAG) as the post is expected to fall vacant this week when Rajiv Mehrishi completes his term this week on 7 August.

-ARK

WHO sends health experts to South Africa to help fight COVID-19

New Delhi (NVI): A new team of leading UN health experts is deployed in South Africa by the World Health Organization (WHO), to help the country fight the COVID-19 pandemic.

With the southernmost country on the continent, now among the top five of the world’s most affected countries, WHO stressed that it is critical to strengthen its COVID-19 response.

“At this time when the COVID-19 epidemic in South Africa is spreading rapidly, it is important that we work together to intensify our fight against the virus,” said Owen Kaluwa, WHO Representative for South Africa.

However, to help manage the coronavirus pandemic, WHO will be deploying team of 43 experts from various fields, including seasoned infectious disease epidemiologist and public health expert, David Heymann, who headed the response to the 2003 epidemic of the closely-related viral respiratory disease, SARS.

WHO will be complementing scaled-up national and provincial responses to minimize the spread and impact of COVID-19.

“Our collective efforts are necessary to identify cases, isolate and provide care, follow up contacts and fully implement physical distancing and other key public health measures,” Kaluwa said.

WHO will also fund the international surge team and South Africa will provide administrative resources.

The team will be jointly led by WHO Regional Director for Africa, Matshidiso Moeti, and Executive Director of the agency’s Health Emergencies Programme, Michael Ryan, who will work virtually from Brazzaville, Congo, and Geneva respectively, to support the experts on the ground

“Dr Moeti and Dr Ryan have become familiar and trusted figures in the fight against COVID-19,” said Minister of Health Hon Dr Zweli Mkhize. “They have been supporting and complementing our national efforts and we have had very fruitful and honest discussions with them.”

Moreover, the health organization will greatly bolster efforts as seen how effective WHO interventions have been in countries like China, Spain, Italy, Mauritius and other countries that have been facing crisis like South Africa now.

Before their deployments in the provinces of Eastern Cape, Free State, Gauteng, Kwazulu Natal and Mpumalanga, the delegation completed an initial period of quarantine and testing, the WHO said.

“These provinces have been identified as the ones needing the most urgent support where the first team can make the most impact. As the remaining experts are deployed by WHO, all provinces in the country will benefit from their presence,” said Sandile Buthelezi, the Director General of Health.

At present, South Africa stands as the epicenter of COVID-19 in Africa with health experts warning that the rest of the continent may see a similar spread of the virus.

-RJV

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