India cabinet approves Pradhan Mantri Swasthya Suraksha Nidhi as a single non-lapsable reserve fund

March 10, 2021, 9:22:05 AM

India cabinet approves Pradhan Mantri Swasthya Suraksha Nidhi as a single non-lapsable reserve fund
Never miss an update, Subscribe to our newsletter

Thanks for submitting!

Rep. image

Delhi: Union Cabinet, chaired by the Prime Minister, Narendra Modi has approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) as a single non-lapsable reserve fund for share of Health from the proceeds of Health and Education Cess levied under Section 136-b of Finance Act, 2007.

Salient features of the PMSSN
1. A non-lapsable reserve fund for Health in the Public Account;
2. Proceeds of the share of health in the Health and Education Cess will be credited into PMSSN;
3. Accruals into the PMSSN will be utilized for the flagship schemes of the Ministry of Health & Family Welfare namely,
a) Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)
b) Ayushman Bharat - Health and Wellness Centres (AB-HWCs)
c) National Health Mission
d) Pradhan Mantri Swasthya Suraksha Yojana (PMSSY)
e) Emergency & disaster preparedness and responses during health emergencies
f) Any future programme/scheme that targets to achieve progress towards SDGs and the targets set out in the National Health Policy (NHP) 2017.
4. Administration and maintenance of the PMSSN is entrusted to the Ministry of Health & Family Welfare; and
5. In any financial year, the expenditure on such schemes of the MoHFW would be initially incurred from the PMSSN and thereafter, from Gross Budgetary Support (GBS).

Benefits:

The major benefit will be enhanced access to universal & affordable health care through the availability of earmarked resources while ensuring that the amount does not lapse at the end of the financial year.

Background:

Health is vital for improved developmental outcomes. From an economic standpoint, better health improves productivity and reduces losses due to premature death, prolonged disability and early retirement. Health and Nutrition also directly impact scholastic achievements and have a bearing on productivity and income.  Health Outcomes depend substantially on public spending on health.  One extra year of population life expectancy raises GDP per capita by 4%, Investment in health creates millions of jobs, largely for women, through a much-needed expansion of the health workforce
In the budget speech 2018, the Finance Minister while announcing Ayushman Bharat Scheme, also announced the replacement of the existing 3% Education Cess by 4% Health and Education Cess.

Recommended Top Mobile Apps Downloaded

Amazon Shopping, UPI, Money Transfer, Bill Payment
Amazon Shopping, UPI, Money Transfer, Bill Payment
Available: India, UK, US
Flipkart Online Shopping App
Flipkart Online Shopping App
Available: India

A search and seizure operation conducted by the Income Tax Department in Kolkata

March 11, 2021, 7:31:22 AM

A search and seizure operation conducted by the Income Tax Department in Kolkata

Rep. image

Kolkata: The Income Tax Department carried out a search and seizure operation on 10.03.2021 on two separate persons based in Kolkata, who are engaged in the handling of cash of others on a commission basis.

Income Tax Department, India, Kolkata

India cabinet approves Pradhan Mantri Swasthya Suraksha Nidhi as a single non-lapsable reserve fund

March 10, 2021, 9:22:05 AM

India cabinet approves Pradhan Mantri Swasthya Suraksha Nidhi as a single non-lapsable reserve fund

Rep. image

Delhi: Union Cabinet, chaired by the Prime Minister, Narendra Modi has approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) as a single non-lapsable reserve fund for share of Health from the proceeds of Health and Education Cess levied under Section 136-b of Finance Act, 2007.

India, Finance, India Cabinet

Gurugram DGGI officials arrest 2 men for defrauding exchequer of over Rs 690 crore

March 10, 2021, 7:08:55 AM

Gurugram DGGI officials arrest 2 men for defrauding exchequer of over Rs 690 crore

Rep. image

Delhi: The ongoing investigation of the Directorate General of GST Intelligence, Gurugram Zonal Unit, were able to arrest two gang members of a fake invoicing syndicate, namely Vikas and Manish, who were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore which defrauded the exchequer of more than Rs 690 crore.

India, Income Tax Department

The Government takes steps to deal with Casteism and Communalism in the country

March 10, 2021, 6:50:50 AM

The Government takes steps to deal with Casteism and Communalism in the country

Rep. image

Delhi: The Central Government provides assistance to State Governments/ Union Territory Administrations towards incentive for inter-caste marriages, where one of the spouses is a member of a Scheduled Caste.

India

MCA strikes off 10,113 companies from April to Feb in 2020-2021

March 8, 2021, 1:49:31 PM

MCA strikes off 10,113 companies from April to Feb in 2020-2021

Rep. image, Office

Delhi: Ministry of Corporate Affairs (MCA) administers the Companies Act, 2013 (the Act), Limited Liability Partnership Act, 2008 and Insolvency and Bankruptcy Code, 2016. There is no provision for weeding out the Companies in the Act.

India

Railway Minister Piyush Goyal flags off Tanakpur-Delhi Jan Shatabdi Express special train

February 26, 2021, 11:22:48 AM

Railway Minister Piyush Goyal flags off Tanakpur-Delhi Jan Shatabdi Express special train

Rep. image, Train

Delhi: Minister Piyush Goyal said that the introduction of a new modern, safe, LHB coach Purnagiri Janshatabdi train, will boost tourism and connectivity in the region. The Minister also informed that electrification of Pilibhit- Delhi route was already complete, Tanakpur- Pilibhit route is also complete, only CRS inspection is awaited, soon the entire route (Tanakpur- Delhi) will be fully electrified.

INDIA RAILWAYS, Piyush Goyal

MHA extends guidelines for surveillance, containment and caution states/ UT to strictly enforce SOPs

February 26, 2021, 11:05:15 AM

MHA extends guidelines for surveillance, containment and caution states/ UT to strictly enforce SOPs

Rep. image

Delhi: Ministry of Home Affairs (MHA) issued an Order today to extend the existing Guidelines for Surveillance, Containment and Caution to remain in force upto 31.03.2021.

Minister of Home Affairs (MHA), India

MoU sign by MCA & CBIC for exchange of data for enhancing the ease of doing business in India

February 25, 2021, 6:07:10 PM

MoU sign by MCA & CBIC for exchange of data for enhancing the ease of doing business in India

Rep. image

Delhi: Ministry of Corporate Affairs (MCA) and Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, signed a Memorandum of Understanding (MOU) for data exchange between the two organisations. The MoU was signed by Manoj Pandey, Joint Secretary, MCA, and B. B. Gupta, ADG, CBIC, in the presence of Rajesh Verma, Secretary, MCA and M. Ajit Kumar, Chairman, CBIC.

MoU, India, MCA, CBIC

India and Pakistan's joint statement on the situation along the Line of Control (LAC)

February 25, 2021, 2:03:51 PM

India and Pakistan's  joint statement on the situation along the Line of Control (LAC)

Delhi: The Director Generals of Military Operations of India and Pakistan held discussions over the established mechanism of hotline contact. The two sides reviewed the situation along the Line of Control and all other sectors in a free, frank and cordial atmosphere.

Line Of Control, LAC, India, Pakistan, Indian Armed Forces

Govt notifies IT (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021

February 25, 2021, 1:44:00 PM

Govt notifies IT (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021

Delhi: Amidst growing concerns around lack of transparency, accountability and rights of users related to digital media and after elaborate consultation with the public and stakeholders, the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 has been framed in exercise of powers under section 87 (2) of the Information Technology Act, 2000 and in supersession of the earlier Information Technology (Intermediary Guidelines) Rules 2011.

Digital Media, India