1. US diplomat William Burns meets Prime Minister
i. US Deputy Secretary of State William Burns met Prime Minister Narendra Modi on Friday and delivered US President Barack Obama's invitation for him to visit Washington.
ii. Modi is scheduled to visit US in September for the UN General Assembly. The Prime Minister will also hold summit meeting with Obama to take the India-US relationship forward.
iii. Burns had met Union Finance Minister Arun Jaitley, yesterday, and discussed the bilateral ties between the two countries.
iv. "As the world two largest democracies and two largest economies, the US and India shares an interest in each other's success. The success in our partnership can contribute enormously to a safer and prosperous world," said Burns after the meeting.
v. "President Barack Obama looks forward to Prime Minister's visit to US in September, which is a very valuable opportunity to renew strategic partnership between our two countries," he said.
vi. "It is a very valuable opportunity to renew the strategic partnership between our two countries. It's an opportunity to renew our mutual determination to spur economic growth," said Burns.
vii. The visiting US official said Modi-led BJP has won a very a strong mandate to invigorate India's development and its rise on the world stage
2. Caninet clears 49% FDI in insurance with Indian control
i. The Cabinet on Thursday approved 49 percent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters.
ii. The Cabinet Committee on Economic Affairs has approved raising of FDI cap in insurance sector to 49 percent from 26 percent," sources said after a meeting of the CCEA, headed by Prime Minister Narendra Modi on Thursday.
iii. With the Cabinet approving the amendments to the long pending Insurance Laws (Amendment) Bill, it will now be taken up by Parliament.
iv. The proposal to raise FDI cap has been pending since 2008 when the previous UPA government introduced the Insurance Laws (Amendment) Bill to hike foreign holding in insurance joint ventures to 49 percent from the existing 26 percent.
3. National Teeka Express Launched
i. The National Teeka Express was launched by Shri Ghulam Nabi Azad, Union Minister of Health & Family Welfare at Alwar, Rajasthan today.
ii. It has been launched to protect children from life-threatening childhood diseases.
iii. It may be mentioned that under Routine Immunization Programme, ANMs collect vaccines from storage point (cold chain point) and transport them to session sites, i.e. either Sub-centre or Anganwari centre for carrying out vaccination.
iv. Govt. of India is providing support for distribution of vaccine from last storage point to outreach immunization session sites at Sub-centres/Anganwaris, known as Alternate Vaccine Delivery (AVD) under NRHM.
v. Designated vehicles under the brand name of ‘National Teeka Express’ will help not only in distribution of the vaccines and complementary logistics from lastcold chain point to immunization session sites but will also ensure holding of sessions at the mobile vaccination centre now.
vi. Teeka Express will also collect the coverage and immunization performancereports of the session for compilation and preparation of report at PHC.
vii. In the first phase the 120 vehicles of ‘Teeka Express’’ are planned in 6 districts of 5 states namely Rajasthan – Alwar (64 vehicles); Uttar Pradesh – Sharaswati (11 vehicles); Haryana – Mewat (9); Jammu and Kashmir – Doda (8) and Poonch (10) and Madhya Pradesh – Tikamgarh (18).
4. Reliance General announces insurance schemes for agriculture sector
i. The insurance arm of Anil Ambani-led Reliance Group has announced its entry into India's agriculture insurance business, saying it would offer farmers insurance cover for their crops against adverse weather conditions.
ii. Reliance General Insurance announced various insurance products, some of which weather-based insurance schemes while other are yield-based.
iii. Rakesh Jain, chief executive of Reliance General Insurance, also noted that it was the company's first step into the country's agriculture insurance sector.
iv. Announcing the move, Mr. Jain said, "It is our first step in the domestic agriculture insurance sector with weather and yield-based crop insurance products, which are aimed at providing protection to farmers from the problems arising due to the vagaries of weather."
v. Reliance General launched the agriculture insurance schemes after the government asked private sector insurers to implement weather-based crop insurance schemes for farmers.
vi. The private sector insurer added that it was hopeful that its agriculture insurance products would help farmers get rid of the constant worry about the future of their crops.
i. US Deputy Secretary of State William Burns met Prime Minister Narendra Modi on Friday and delivered US President Barack Obama's invitation for him to visit Washington.
ii. Modi is scheduled to visit US in September for the UN General Assembly. The Prime Minister will also hold summit meeting with Obama to take the India-US relationship forward.
iii. Burns had met Union Finance Minister Arun Jaitley, yesterday, and discussed the bilateral ties between the two countries.
iv. "As the world two largest democracies and two largest economies, the US and India shares an interest in each other's success. The success in our partnership can contribute enormously to a safer and prosperous world," said Burns after the meeting.
v. "President Barack Obama looks forward to Prime Minister's visit to US in September, which is a very valuable opportunity to renew strategic partnership between our two countries," he said.
vi. "It is a very valuable opportunity to renew the strategic partnership between our two countries. It's an opportunity to renew our mutual determination to spur economic growth," said Burns.
vii. The visiting US official said Modi-led BJP has won a very a strong mandate to invigorate India's development and its rise on the world stage
2. Caninet clears 49% FDI in insurance with Indian control
i. The Cabinet on Thursday approved 49 percent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters.
ii. The Cabinet Committee on Economic Affairs has approved raising of FDI cap in insurance sector to 49 percent from 26 percent," sources said after a meeting of the CCEA, headed by Prime Minister Narendra Modi on Thursday.
iii. With the Cabinet approving the amendments to the long pending Insurance Laws (Amendment) Bill, it will now be taken up by Parliament.
iv. The proposal to raise FDI cap has been pending since 2008 when the previous UPA government introduced the Insurance Laws (Amendment) Bill to hike foreign holding in insurance joint ventures to 49 percent from the existing 26 percent.
3. National Teeka Express Launched
i. The National Teeka Express was launched by Shri Ghulam Nabi Azad, Union Minister of Health & Family Welfare at Alwar, Rajasthan today.
ii. It has been launched to protect children from life-threatening childhood diseases.
iii. It may be mentioned that under Routine Immunization Programme, ANMs collect vaccines from storage point (cold chain point) and transport them to session sites, i.e. either Sub-centre or Anganwari centre for carrying out vaccination.
iv. Govt. of India is providing support for distribution of vaccine from last storage point to outreach immunization session sites at Sub-centres/Anganwaris, known as Alternate Vaccine Delivery (AVD) under NRHM.
v. Designated vehicles under the brand name of ‘National Teeka Express’ will help not only in distribution of the vaccines and complementary logistics from lastcold chain point to immunization session sites but will also ensure holding of sessions at the mobile vaccination centre now.
vi. Teeka Express will also collect the coverage and immunization performancereports of the session for compilation and preparation of report at PHC.
vii. In the first phase the 120 vehicles of ‘Teeka Express’’ are planned in 6 districts of 5 states namely Rajasthan – Alwar (64 vehicles); Uttar Pradesh – Sharaswati (11 vehicles); Haryana – Mewat (9); Jammu and Kashmir – Doda (8) and Poonch (10) and Madhya Pradesh – Tikamgarh (18).
4. Reliance General announces insurance schemes for agriculture sector
i. The insurance arm of Anil Ambani-led Reliance Group has announced its entry into India's agriculture insurance business, saying it would offer farmers insurance cover for their crops against adverse weather conditions.
ii. Reliance General Insurance announced various insurance products, some of which weather-based insurance schemes while other are yield-based.
iii. Rakesh Jain, chief executive of Reliance General Insurance, also noted that it was the company's first step into the country's agriculture insurance sector.
iv. Announcing the move, Mr. Jain said, "It is our first step in the domestic agriculture insurance sector with weather and yield-based crop insurance products, which are aimed at providing protection to farmers from the problems arising due to the vagaries of weather."
v. Reliance General launched the agriculture insurance schemes after the government asked private sector insurers to implement weather-based crop insurance schemes for farmers.
vi. The private sector insurer added that it was hopeful that its agriculture insurance products would help farmers get rid of the constant worry about the future of their crops.
