Giving a boost to Health and Medical Education, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for continuation and taking up additional phases of Human Resources for Health and Medical Education schemes, at a total estimated cost of Rs.14,930.92 crore upto 2019-20.
Salient Features:
New Medical Colleges:
· Continuation of ongoing scheme to establish 58 new medical colleges attached with existing District/Referral hospitals already approved under Phase-l by 2019-20. · selection and establishment of 24 new medical colleges attached with existing District/ Referral hospitals under Phase-lI by 2021-22.· The locations of proposed 24 new medical colleges in Phase-ll will be selected within the identified underserved areas in Challenge Mode.An amount of Rs. 5,587.68 crore is proposed for the ongoing scheme under Central share during Phase-I. Phase-II entails an amount of Rs.3,675 crore to be spent till 2021-22 as central share out of which an amount of Rs.2,600 crore is proposed to be spent till 2019-2020.
Increase of Medical Seats: Continuation of Centrally Sponsored Scheme for Up-gradation of existing State Government/Central Government Medical colleges resulting in:
· increase of 10,000 UG seats by 2020-21 and· 8,058 PG seats (4,058 in Phase-l by 2018-19 and 4,000 in Phase-ll by 2020-21).Increase of UG seats entails an amount of Rs.7,795 crore as central share and is likely to be spent till 2021-22 out of which an amount of Rs.4,536 crore is proposed to be spent till 2019-20.Increase of PG seats under Phase-II entail an amount of Rs.3,024 crore as central share to be spent till 2021-22 out of which an amount of Rs.1,700 crore is proposed to be spent till 2019-20 while Rs.317.24 crore as balance central share will be spent for Phase-I of PG seats.
Nursing Scheme: Continuation and completion of scheme for setting up of:
· 112 Auxiliary Nursing and Midwifery (ANM) Schools and· 136 General Nursing Midwifery (GNM) Schools by 2019-20 in under-served districts of the country.This Nursing Scheme will be implemented and completed with an amount of Rs.190 crore till 2019-20 for the schools where work has already been started.
Benefits:The scheme will serve to:
Create additional 10,000 MBBS and 8,000 PG seats in the country,
Bridge the gap in number of seats available in government and private sector,
Mitigate the shortage of Doctors/specialists/medical faculty in the country by increasing the number of eats and to achieve the desired doctor population ratio,
Upgrade PG teaching facilities in Government Medical Colleges,
Introduce new and higher courses of study,
Improve the quality of medical education, medical research and clinical treatment.
Background:According to Sustainable Development Goals (SDG) 3, ensuring healthy lives and promoting the well-being for all at all ages is essential to sustainable development and as per World Health Organization (WHO) recommendations, there should be one doctor for 1,000 population. Adequate availability of human resources in health is a necessary prerequisite for this. To attain the Sustainable Development Goals (SDG) and to meet WHO standards for Human Resources in Health (HRH), Schemes have been proposed for making available more Human Resources in Health sector, i.e. Doctors, Nurses in the country.
To demonstrate the potential of satellite technology for development of rural areas, ISRO established Village Resource Centres (VRCs) on a pilot scale, in association with selected NGOs, Trusts and State Government Departments.VRCs have provided various space technology enabled services such as tele-healthcare, tele-education, natural resources information, advisories related to agriculture, career guidance to rural students, skill development and vocational training etc.About Rs 18 crores was spent for establishing 473 VRCs.
Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 yesterday. According to the Amendments, a. The Resolution Professional shall appoint two registered valuers to determine the fair value and the liquidation value of the corporate debtor. After the receipt of resolution plans, the resolution professional shall provide the fair value and the liquidation value to each member of the committee of creditors in electronic form, on receiving a confidentiality undertaking. The resolution professional and registered valuers shall maintain confidentiality of the fair value and the liquidation value. b. The Resolution Professional shall submit the information memorandum in electronic form to each member of the committee of creditors within two weeks of his appointment as resolution professional and to each prospective resolution applicant latest by the date of invitation of resolution plan, on receiving confidentiality undertaking. c. The Resolution Professional shall issue an invitation, including the evaluation matrix, to the prospective resolution applicants. He may modify the invitation as well as the evaluation matrix. However, the prospective resolution applicant shall get at least 30 days from the issue of invitation or modification thereof, whichever is later, to submit resolution plans. Similarly, he will get at least 15 days from the issue of evaluation matrix or modification thereof, whichever is later, to submit resolution plans. An abridged invitation shall be available on the web site, if any, of the corporate debtor, and on the web site, if any, designated by the IBBI for the purpose. d. While the Resolution Applicant shall continue to specify the sources of funds that will be used to pay insolvency resolution process costs, liquidation value due to operational creditors and liquidation value due to dissenting financial creditors, the committee of creditors shall specify the amounts payable from resources under the resolution plan for these purposes. e. A Resolution Plan shall provide for the measures, as may be necessary, for insolvency resolution of the corporate debtor for maximization of value of its assets. These may include reduction in the amount payable to the creditors, extension of a maturity date or a change in interest rate or other terms of a debt due from the corporate debtor, change in portfolio of goods or services produced or rendered by the corporate debtor, and change in technology used by the corporate debtor. f. The Resolution Professional shall submit the resolution plan approved by the committee of creditors to the Adjudicating Authority, at least 15 days before the expiry of the maximum period permitted for the completion of the corporate insolvency resolution process.
Government has recently approved a new scheme “North East Special Infrastructure Development Scheme (NESIDS)” at a total cost of Rs.5300.00 crore. This fund of Rs.5300.00 crore will be utilized to meet the committed liability of approximately Rs.3700.00 crore for completing the ongoing projects under Non- Lapsable Central Pool Resources (NLCPR) scheme and to take up projects of around Rs.1600.00 crore under the 100% new centrally funded scheme of NESIDS. All non-exempt Union Ministries are required to mandatorily earmark 10% of their Gross Budgetary Allocation (GBA) annually for the North Eastern Region.
Cabinet approves Implementation of ‘Prime Minister Research Fellows (PMRF)’
The Union Cabinet today approved implementation of 'Prime Minister's Research Fellows (PMRF)' scheme at a total cost of Rs.1650 crore for a period of seven years beginning 2018-19. The Prime Minister has emphasized the importance of innovation and technology for the progress and development of the nation. This fellowship scheme is key to realizing his vision of development through innovation. The scheme has been announced in the Budget Speech 2018-19. Under this scheme, the best students who have completed or are in the final year of B. Tech or Integrated M.Tech or M.Sc. in Science and Technology streams from IISc/IITs/NITs/IISERs/IIITs will be offered direct admission in PhD programme in the IITs/IISc. Such students, who fulfill the eligibility criteria, and shortlisted through a selection process, as laid down in the PMRF Guidelines, will be offered a fellowship of Rs.70,000/- per month for the first two years, Rs.75,000/- per month for the 3rd year, and Rs.80,000/- per month in the 4th and 5th years. Apart from this, a research grant of Rs.2.00 lakh will be provided to each of the Fellows for a period of 5 years to cover their foreign travel expenses for presenting research papers in international conferences and seminars. A maximum of 3000 Fellows would be selected in a three year period, beginning 2018-19.The scheme will go a long way in tapping the talent pool of the country for carrying out research indigenously in cutting edge science and technology domains. The research under the Scheme will address our national priorities at the one hand and shortage of quality faculty in the premier educational institutions of the country, on the other.
A Goldilocks economy is when growth isn't too hot, causing inflation, nor too cold, creating a recession. It has an ideal growth rate of between 2-3 percent, as measured by GDP growth. It also has moderately rising prices, as measured by the core inflation rate. The Federal Reserve has set this target inflation rate at two percent.This healthy economy is named after the famous children's story, Goldilocks and the Three Bears.
The little girl only ate the bear's porridge that was neither too hot nor too cold. Like the porridge, the Goldilocks economy is one that is "just right."
You expect a paper pushing government job and you get a job full of uncertainty, constant transfer, often to unexpected and hostile locations. No clearly defined roles and often having to juggle 2–3 jobs of both front-end and backend. You end up frustrated even further as the job does not have adequate compensation and then this new ploy of the banks to trap you in MBA/Education Loan/5 Year Bond.
Bank PO job is not what it used to be. You are made to do different types of works ( apart from your routine work, govt schemes , targets , daily reporting and auditing) each day. There is no defined role for PO.
There is lot of pressure and stress. Every job has stress and pressure. But as bank PO it will be multiples times the other job at present scenario.
If you see attrition rate, that is witness for present picture in banking.
