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Prelims Booster

28th March – Prelims Booster

PRELIMS BOOSTER

Pradhan Mantri Garib Kalyan Yojana

The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman has announced Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus.

Details of the package –

  • Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme.
  • 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next three months. (PM Garib Kalyan Ann Yojana)
  • 20 crore women Jan Dhan account holders to get Rs 500 per month for next three months.
  • Increase in MNREGA wage to Rs 202 a day from Rs 182 to benefit 13.62 crore families.
  • An ex-gratia of Rs 1,000 to 3 crore poor senior citizen, poor widows and poor disabled.
  • Under PM Garib Kalyan Yojana, gas cylinders, free of cost, would be provided to 8 crore poor families for the next three months.
  • Government to front-load Rs 2,000 paid to farmers in first week of April under existing PM Kisan Yojana to benefit 8.7 crore farmers.
  • Wage-earners below Rs 15,000 per month in businesses having less than 100 workers are at risk of losing their employment. Under this package, government proposes to pay 24 percent of their monthly wages into their PF accounts for next three months.
  • Central Government has given orders to State Governments to use Building and Construction Workers Welfare Fund to provide relief to Construction Workers.
  • The State Government will be asked to utilise the funds available under District Mineral Fund (DMF) for supplementing and augmenting facilities of medical testing, screening and other requirements in connection with preventing the spread of CVID-19 pandemic as well as treating the patients affected with this pandemic.

About District Mineral Fund –

  • DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act 2015.
  • They are non-profit trusts to work for the interest and benefit of persons and areas affected by mining-related operations.
  • They aim to work for the interest of the benefit of the persons and areas affected mining related operations in such manner as may be prescribed by the State Government.
  • Its manner of operation comes under the jurisdiction of the relevant State Government.
  • The fund is collected at the district level. There are certain high-priority areas identified in all states’ DMF rules, where at least 60 per cent of the fund must be used. These include vital and pressing concerns, including healthcare.

About Pradhan Mantri Garib Kalyan Yojana –

The Pradhan Mantri Garib Kalayan Yojana was a retailored version of Income Declaration Sheme with a black money declaration option from December 17, 2016 to March 31st 2017. Money mobilised from the PMGKY Income Declaration Scheme was to be utilised to finance the welfare programme for the poor which is called in the same name -Pradhan Mantri Garib Kalayan Yojana (PMGKY).

Force Majeure

Keeping in view Ministry of Finance advisories inter alia citing “A force majeure (FM) means extraordinary events or circumstance beyond human control such as an event described as an Act of God (like a natural calamity)” clarifying that spread of corona virus should be considered as a natural calamity and Force Majeure clause may be invoked, Ministry of Railways has decided that the period from 22.03.2020 to 14.04.2020 shall be treated under force majeure.

Impact –

Railways will not apply several charges that it levies on users and clients to collect money for deferred payment or cancellation of tickets/rescheduling of tickets.

What is Force Majeure?

It is an unforeseeable circumstance that prevent someone from fulfilling a contract. There are dozens of circumstances or events that we class as examples of force majeure. War, riots, earthquakes, hurricanes, lightning, and explosions, for example, are force majeure events. The term also includes energy blackouts, unexpected legislation, lockouts, slowdowns, and strikes.

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