PM Narendra Modi launched this social security initiative on 9th May, 2015 in Kolkata. The scheme is aimed at providing affordable universal access to essential social security protection in a convenient manner linked to auto-debit facility from bank accounts. PMJJBY will offer a renewable one year life cover of
` 2 lakh to all savings bank account holders in the age group of 18-50 years, covering death due to any reason, for a premium of ` 330 per annum per subscriber. The scheme would be offered or administered through LIC or other Life Insurance companies willing to offer the product on similar terms on the choice of the bank concerned.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
PMSBY will offer a renewable one year accidental death-cum-disability cover of ` 2 lakh for partial/permanent disability to all savings bank account holders in the age group of 18-70 years for a premium of ` 12 per annum per subscriber. The scheme would be administered through public sector general insurance companies or other general insurance firms willing to offer the product on similar terms on the choice of the bank concerned. This scheme was launched by Prime Minister Narendra Modi on May 9 in Kolkata.
Atal Pension Yojana (APY)
The pension scheme will focus on the unorganised sector and provide subscribers a fixed minimum pension of `1,000, 2,000, 3,000, 4,000 or `5,000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at an age between 18 and 40 years. The period of contribution by any subscriber under APY would be 20 years or more. The scheme launched by Prime Minister Narendra Modi on May 9 in Kolkata, capital of West Bengal.
India launched a relief and rescue Operation named Maitri in earthquake hit Nepal on 27 April 2015. The operation involved two dozen military aircraft and choppers along with bus services through road route. India also pressed nearly 1000 trained personnel of the National Disaster Response Force (NDRF) into service after Nepal on 25 April was struck by the worst earthquake in 80 years in which more than 7500 people were killed.
Operation Raahat, a massive air and sea operation, was launched to evacuate over 4000 Indian nationals from Yemen. The operation will involve total of five ships and four aircraft. The operation started after India got permission to dock its offshore patrol vessel INS Sumitra at the Aden harbour of Yemen.
An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.
Declassifying of Netaji files
Following the growing controversy over declassified documents on Netaji Subhas Chandra Bose, as many as eight lakh top secret files of Russian spy agencies, including the KGB, SMERSH and GRU, will be declassified and made available to the public. Among the files dated 1917-1991 are said to be intelligence despatches of Siberian gulags (Russian camp for political prisoners), where Bose was suspected to have been imprisoned.
Declassification is the process of documents that formerly were classified as secret easing to be so restricted, often under the principle of freedom of information. Procedures for declassification vary by country. Papers may be with held without being classified a secret, and eventually made available.
NITI–National Institution for Transforming India
PM Narendra Modi replaced the Planning Commission with the NITI Aayog or the Policy Commission on 1 January 2015. The term NITI, was taken from the new body NITI (National Institution for Transforming India), will act more like a think tank or forum whereas the Commission imposed five-year-plans and allocated resources to hit set economic targets.
PRAGATI – Pro-Active Governance and Timely Implementation
PRAGATI launched by Prime Minister Narendra Modi on 25 March 2015 is a multi-purpose and multi-modal platform to address public grievances. The PRAGATI platform integrates three latest technologies – digital data management, video-conferencing and geo-spatial technology. It also offers a unique combination in the direction of cooperative federalism.
PaHaL– Pratyaksha Hastaantarit Laabh
The acronym PaHaL stands for the Direct Benefit Transfer Scheme for LPG Subsidy. Under this scheme, LPG cylinders are sold at market rates and entitled consumers get the subsidy directly into their bank accounts. This is done either through an Aadhaar linkage or a bank account linkage. PaHaL aims to reduce diversion and eliminate duplicate or bogus LPG connections.
HRIDAY – Heritage Development and Augmentation Yojana
HRIDAY was launched by the Union Urban Development Ministry on 21 January 2015 which seeks to preserve and rejuvenate the rich cultural heritage of the country. The cities that are included in this scheme are: Amritsar, Varanasi, Gaya, Puri, Ajmer, Mathura, Dwarka, Badami, Velankanni, Kanchipuram, Warangal (Telangana) and Amaravati (Andhra Pradesh).
It seeks to promote an integrated, inclusive and sustainable development of heritage sites, focusing not just on maintenance of monuments but on advancement of the entire ecosystem.
EEU – Eurasian Economic Union
EEU is a political and economic union between Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan that came into effect on 1 January 2015. A treaty aiming for the establishment of the EEU was signed on 29 May 2014.
NSM– National Supercomputing Mission
National Supercomputing Mission was established in March 2015 with the objective of putting India in the league of world class computing power nations. NSM would be implemented and steered jointly by the Department of Science and Technology (DST) and Department of Electronics and Information Technology (DeitY) at an estimated cost of Rs.4500 crore over a period of seven years.
AMRUT – Atal Mission for Rejuvenation and Urban Transformation
Union Govt. has decided to rename the second phase of JNNURM after Atal Bihari Vajpayee, to rejuvenate India’s 500 cities and towns. The scheme will be known as Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
MRT – Mitochondrial Replacement Therapy
MRT is a ground-breaking technique that uses genetic material from three different people to prevent certain inherited and untreatable, genetic diseases from passing from the mother to her offspring. This therapy came to news after it was approved to be adopted in Britain by British Parliament’s lower house, the House of Commons, on 3 February 2015. The technique involves an IVF procedure in which the egg’s defective mitochondrial DNA is replaced with healthy DNA from a female donor.
BOSS – Bharat Operating System Solutions
Bharat Operating System Solutions (BOSS) is a free and open source Linux distribution for usage in Indian government departments developed by the National Resource Centre for Free/Open Source Software (NRCFOSS) of India. The Union Govt. has asked states to deploy the open source Linux-based operating system BOSS meant to run official computers.
UPI – Unified Payment Interface
UPI is a unified platform launched by National Payments Corporation of India (NPCI) on 18 February 2015 for providing a single payment interface across all systems. Under UPI, anyone who has an account, should be able to send and receive money from their mobile phone with just an identifier without having any other bank/account details.
TLCs – Tech Learning Centres
Tech Learning Centres (TLCs) is a new massive initiative launched by State Bank of India (SBI) to empower its customers through technology and awareness. Under this initiative special SBI centres across the length and breadth of the country have started holding interactive learning sessions and demos of the bank’s tech-channels. This initiative has been on since December 2014.
JAM – Jan Dhan, Aadhar and Mobile
JAM stands for Jan Dhan Yojana, Aadhaar and Mobile number. The government is pinning its hopes on these three modes of identification to deliver direct benefits to India’s poor. The use of JAM gained momentum after it was mentioned in the Union Budget of 2015 delivered by Union Finance Minister on 28 February 2015.
Price Stabilization Fund (PSF) was launched by the Union Govt. in March 2015 with an objective of keeping prices of perishable farm commodities under control through suitable market interventions. It will be used to advance interest free loans to state governments and central agencies to support their working capital and other expenses on “procurement and distribution” interventions for such commodities.
POTUS – President of the United States
POTUS stands for President of the United States. This term has been used for decades now to denote the U.S. President. The use of the term POTUS was probably started by the security team of the President to call him in short. The term was, however, used by the Indian media in a wide-spread manner on the occasion of President Barack Obama’s historic visit to India in 2015.
Ind AS – Indian Accounting Standards
Ind AS is the converged Indian version of International Financial Reporting Standards (IFRS) that will come into effect for the first time in 2016-17. The Central Government notified adoption of the proposed Indian Accounting Standards (Ind AS) in March 2015. By pushing Ind AS into Indian corporate balance sheets, India will join the growing band of nations in terms aligning accounting standards for cross-border acceptability and facilitation of two-way capital flow.
AVAM – AAP Volunteer Action Manch
AVAM is the name of the break-away volunteer group of Aam Aadmi Party (AAP) that came to news during February 2015 after it claimed that AAP have received cheques from these dubious companies in lieu of cash and tried to convert black money into white money.
NERPAP – National Electoral Roll Purification and Authentication Programme
NERPAP is the name of the programme launched by the Election Commission of India (ECI) from 3 March 2015 with the prime objective of bringing a totally error free and authenticated electoral roll. During the programme, EPIC data of electors will be linked with Aadhar data of UIDAI for the purpose of authentication.
IRNSS – Indian Regional Navigation Satellite System
IRNSS is an independent regional navigation satellite system designed to provide position information in the Indian region and 1500 km around the Indian mainland. ISRO has proposed to place 7 satellites under the IRNSS series and on 28 March 2015 the fourth satellite of this series – the IRNSS-1D, was successfully launched the IRNSS-1D navigation satellite through PSLV-C27.
It is a label that accompanies all goods that have been manufactured in India.
MAKE IN INDIA
It is a compaign launched by Narendra Modi to encourage industrialists to set up their manufacturing units in India.
MAKE FOR INDIA
It was given by RaghuRam Ranjan which says that focus on creating an environment where all sorts of enterprise can flourish, and then leaving enterprenuers to choose what they wanted to do.
The WEF Future of Urban Development and Services (FUDS) Initiative serves as a partner in transformation of cities around the world as they seek to address major urban challenges and transition towards smarter, more sustainable cities in this rapidly urbanizing world. The FUDS Initiative works in collaboration with local partners.
MUDRA– Micro Units Development and Refinance Agency Ltd.
The Bank was launched on 8 April 2015 under the ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY). The bank will provide credit of up to 10 lakh rupees to small entrepreneurs and acts as a regulator for Micro-Finance Institutions (MFIs).
Green Bonds or Climate Bonds are fixed income financial instruments (bonds) linked to climate change solutions. These bonds are either dollar or rupee denominated and are relatively a new asset class.
SASEC Road Connectivity Investment Program is a strategic initiative that aims to achieve regional integration among the members of the South Asia Sub regional Economic Cooperation (SASEC) group by improving road connectivity within the North Bengal-North Eastern Region in India. The members of this group are Bangladesh, Bhutan, India and Nepal.
Asian Infrastructure Investment Bank (AIIB) is a 50 billion dollar international investment bank and was floated in 2014 by President Xi Jingping. The bank was floated to provide support to infrastructure projects in Asia.
Vanaj 2015 is a weeklong National Tribal Festival. It will also showcase the rich diversity of Tribal culture, art, painting, music, dance, tribal medicine, tribal food, and a special attraction- tribal cuisine.
Soil Moisture Active Passive (SMAP) is NASA’s first Earth satellite designed to collect global observations of the vital soil moisture. It was launched on 31 Jan, 2015.
Charlie Hebdo is a French satirical weekly magazine first appeared in 1970 as a successor to the Hara-Kiri magazine, which was banned for mocking the death of former French President Charles de Gaulle. It was in news after masked gunmen on 7 January 2015 attacked its Paris office killing at least 12 people.
Advanced Medium Combat Aircraft is a fifth generation fighter aircraft, developed by Hindustan Aeronautics Limited (HAL) in collaboration with Indian Air Force (IAF), Defence Research and Development Organisation (DRDO) and Aeronautical Development Agency (ADA).
It is a rescue operation undertaken by Indian Army during Jammu and Kashmir floods.
It is an all-female branch of ISIS. It was established in Raqqa city of Syria. ISIS militants took over the city in August 2014.
Airborne Warning and Control Systems (AWACS) can detect incoming aerial threats like hostile fighters, drones and cruise missiles from 400-km away.
Pradhan Mantri Jan Dhan Yojana is the ambitious scheme aims to achieve the gargantuan task of enrolling over 7.5 crore (75 million) households and to open their accounts. The slogan for the Pradhan Mantri Jan Dhan mission is “Mera Khata – Bhagya Vidhaata”.
Clean India, Green India
Government has released 2015 Calendar with theme ‘Clean India, Green India. The Calendar focuses on the government’s flagship scheme Swachch Bharat- Clean India Programme with picture of Prime Minister Narendra Modi wielding the broom on the first page of the calendar.
The programme is worth one lakh crore rupees and intends to change the Indian economy into a digitally empowered economy. The Digital India programme is a remodelled version of the already running National e-Governance programme.
Union Government has launched a new digital platform “Twitter Samvad” in association with social networking giant Twitter. The service aims to boost the nation’s e-governance plans and facilitate direct communication between leaders, government agencies and citizens.
India was elected to four key bodies of the United Nations’ Economic and Social Council (UN ECOSOC). Four key subsidiary bodies are UNICEF (Executive Board of United Nations Children’s Fund), WFP(Executive Board of World Food Programme ) and CCPCJ (Commission on Crime Prevention and Criminal Justice and UN Habitat.
e-Tourist Visa Scheme is a pre-authorization of Visa to foreigners that is given prior to travel.
Zero defect, zero effect
It is slogan coined by Narendra Modi, which segnifies production mechanisms where in products have no defects and the process through which product is made has zero adverse environmental and ecological effects.
SLACC (Sustainable Livelihoods and Adaption to Climate change) Project aims at improving the adaptive capacity of the rural poor particularly women farmers engaged in farm-based livelihoods to cope with climate change and scale up the demonstrated best practices. India signed a loan grant agreement worth US $8 million with World Bank for this project.
Digital bank Pockets
ICICI Bank has launched India’s first digital Bank on mobile phones, Pockets. This service will enable users to instantly send money to any e-mail id, mobile number, friends on Facebook and bank account.
It is a first indigenously-built Scorpene Submarine and was undocked at the Mazagaon Dockyard Limited (MDL) in Mumbai, Maharashtra on 6 April 2015.
It is a high-speed patrolling ship of India. Amogh will be utilized by Indian Coast Guard during emergency situations such as accident and natural calamities besides security purposes.
It was India-China Joint Training Exerc began at Aundh Military Station in Pune, Maharashtra.
SHC scheme– Soil Health Card
This scheme was announced by NDA government led by Prime Minister Narendra Modi in its first budget presented in July 2014. SHC is centrally-sponsored nationwide scheme which aims to help farmers to improve the productivity of farms by providing them basic information for use of nutrients or fertilizers.
RUSA– Rashtriya Uchchatar Shiksha Abhiyan
It is a Centrally Sponsored Scheme (CSS) for reforming the state higher education system. The National Development Council (NDC) approved RUSA as part of the 12th Plan.
Varishtha Pension Bima Yojana (VPBY) was introduced by previous NDA Government in 2003-04. The scheme was re-launched in New Delhi on 14 August 2014 by Union Finance Minister Arun Jaitely. The Scheme will be administrated by the Life Insurance Corporation, LIC.
The vaccine has been developed to protect the animals against five strains of the ‘bluetongue’ virus prevalent in the country. Bluetongue Disease is caused by the pathogenic virus, Bluetongue virus (BTV). The vaccine was launched on 8 January 2015.
Greenpeace India Society (GIS) is an Indian chapter of Greenpeace International, which is a non-profit environmental organization having presence in 40 countries across Europe, the Americas, Asia and the Pacific. The Union Ministry of Home Affairs on 9 April 2015 suspended the registration of Greenpeace India Society (GIS) for 180 days for acting against public and economic interests of the country.
State Disaster Relief Fund (SDRF)
Constitution of the State Disaster Relief Fund (SDRF) at the State level is provided under the Section 48 (I) of the Disaster Management Act, 2005. Union Ministry of Home Affairs (MHA) on 8 April 2015 issued an order for revision of norms with regard to the centrally notified disasters including flood, cyclone, drought, hailstorm, tsunami and earthquake.
Swachh Bharat Mission
The mission is to be implemented at a total cost of 62009 crore rupees with a targeted construction of 1.04 crore household toilets, 2.51 lakh community toilet seats and 2.55 lakh public toilet seats besides assisting 37 crore urban people in solid waste management.
It was set up by Union Government under which various departments can seek money from the Union Ministry of Women and Child Development (WCD) for schemes to improve safety and security of women in the country.
The e-Kranti Mission is to ensure a Government wide transformation by delivering all Government services electronically to citizens through integrated and interoperable systems via multiple modes, while ensuring efficiency, transparency and reliability of such services at affordable costs. It is an important pillar of the Digital India programme and the programme has been envisaged by the Department of Electronics and Information Technology (DeitY).
Price Stabilisation Fund (PSF)
The purpose of the scheme is to provide interest free advances towards working capital to the government agencies which are involved in procurement and distribution of perishable agri-horticultural commodities.
Its main objective is to promote port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly, efficiently and cost-effectively.
e-CPMP- ‘Electronic Coal Projects Monitoring Portal’ is an institutional mechanism to automate the entire tracking of issues related to stalled projects from submission of a new project to commissioning on time.
Mission Indradhanush- Mission Indradhanush was launched for creating awareness regarding the importance to fully immunize every child against all vaccine preventable diseases in the country. The government wants to increase the percentage of immunization to 4-5% with this mission.
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) aims to impart skill training to youth with focus on first time entrants to the labour market and class 10 and class 12 dropouts. The Union Cabinet approved the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) on 19 March 2015 with an outlay of 1500 crore rupees.
It is the first indigenously developed Rotavirus vaccine The vaccine will boost India’s efforts to combat infant mortality due to diarrhea. Rotavirus a most common causative agent of moderate-to-severe diarrhoea (MSD) among infants below 11 months age group in India.
Shipping Samvad is a website, launched by Union Ministry of Shipping, Road Transport & Highways. The objective of the website is to invite innovative ideas and suggestions from general public and experts related to Indian maritime sector for improvements in the shipping, ports and inland waterways sector.
MADAD seeks to help Indian citizens living abroad to file consular grievances online on the services offered by the Indian Missions, Posts, Consulates and Embassy abroad.
Beti Bachao Beti Padhao (BBBP) campaign aims to spread awareness about the declining trend of Child Sex Ratio in the country. Its Objective is to prevent gender biased sex selective elimination by strict enforcement of laws with stringent punishment to violators. Haryana was chosen to launch the nation-wide Beti Bachao-Beti Padhao initiative because of the skewed sex ratio in the state.
“National Intelligence Grid” is a real time intelligence sharing set up. It will discuss the issues with the state government and chalk out strategy on how to bring synergy in data sharing, coordination and dissemination of information. It was proposed by former Union Home Minister P Chidambaram after the Mumbai 26/11 attack in 2008.
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