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Current Affairs July 2014Ghana’s proposal of land to Punjab farmers accepted by PunjabGovernment

July 31, 2014 No comments

The Punjab Government has agreed to the Ghana Government’s proposal offering landto Punjab farmers. As per the proposal, the government of Ghana would provide fertilefarmland on a long-term lease to Punjab farmers for farm activities. Ghana has madethis proposal to promote agriculture as a tool of progress in Ghana and if possible thenby Punjab’s expertise in farming.Punjab Government has assured Ghana that a high-level delegation of officers as well asan expert from Punjab Agricultural University (PAU), Ludhiana, would be sent to Ghanato study the suitability of the entire project.Ghana also offered Punjab to export finished goods to Ghana. It has invited Punjabientrepreneurs to visit Ghana to start manufacturing facilities in the country and takeadvantage of Ghana’s natural resources like various minerals, timber, oil, cocoa, palm oilfish and cotton.Tags: Agriculture • Ghana • IBPS • India-Ghana • India-International Relations • Socio-Economic

Excessive healthcare is a problem on the rise in India: World BankJuly 31, 2014 No comments

The World Bank has warned that excessive healthcare is emerging as a seriousproblem in India. As per the bank, people with private health insurance are two to threetimes more likely to be hospitalized than the national average.The bank is of the view that many of these medical protection policies result in onlymarginal benefits and can actually harm the patients, leading to unnecessary suffering,especially among the weak and elderly.  The situation may aggravate as many morepeople will be able to afford healthcare as the government steps up medical coveragefor the poor. It suggested India to urgently build in checks against this hazard, especiallyas it sets aside an increasing share of limited public resources for medical insurance.The warning from the bank comes amid concern expressed by Health Minister HarshVardhan over “corruption” in regulatory institution Medical Council of India (MCI)the “nexus” of doctors and diagnostic centres, resulting in patients being prescribedunnecessary tests.Tags: Health • IBPS • India-World Bank • Ministry Of Health And Family WelfareEconomic • World Bank

S S Mundra assumes office as RBI deputy governor

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S S Mundra assumes office as RBI deputy governorJuly 31, 2014 No comments

S S Mundra (60) has taken charge as deputy governor Reserve Bank of India. deputy governor of the central bank, he will be responsible for banking supervision,currency management, financial stability and rural credit. The government has notifiedhis appointment for a period of 3 years.The veteran banker had begun his career as a probationary officer, and served for ashort time at Union Bank of India, where he was executive director. In a rare move, hereturned as the CMD of his parent bank (Bank of Baroda) and was seen as a surprisechoice for the prestigous regulatory job. In fact, Mundra would have never been offeredthis post had it not been for K C Chakrabarty’s decision to resign before the end of histenure as RBI deputy governor.Now, RBI has four deputy governors– H R Khan, Urijit Patel, R Gandhi and S S Mundra.  RBI  is planning to have one more deputy governor, but this will require a change in therules of RBI. Till the time the changes in rules are made, the RBI has suggested  theGovernment to appoint an Officer on Special Duty or Chief Operating Officer (COO) withthe rank of a deputy governor. Government is yet to take a call on any of these proposalsput forward by the RBI. Normally, an RBI deputy governor can be appointed for 5 years ortill the age of 62, whichever is earlier. To be eligible for the post, a candidate needs to beless than 60 years of age while assuming charge.Tags: IBPS • RBI

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