सामयिक विषय: Associations & Organizations

Proposal for full membership of the International Vaccine Institute

Proposal for full membership of the International Vaccine Institute

Question: International Vaccine Institute is located in…
a) Seoul
b) Tokyo
c) Ansan
d) Changwon
Ans: (a)
Related facts:

  • The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the proposal for India’s taking full membership of the International Vaccine Institute (IVI) Governing Council.
  • The move involves payment of annual contribution of US $ 5,00,000 to the International Vaccine Institute (IVI), Seoul, South Korea.
  • International Vaccine Institute (IVI), Seoul, South Korea, established in 1997 on the initiatives of the UNDP, is an international organization devoted to developing and introducing new and improved vaccines to protect the people, especially children, against deadly infectious diseases.
  • In the year 2007, with the approval of Cabinet, India joined IVI. India is a long-term collaborator and stake-holder of IVI.
  • In December, 2012 the Board of Trustees (BOT) of IVI approved the formation of its new governance structure. As per the new governance structure of IVI, a member State has to contribute to the IVI by paying a portion of its core budget.
  • Since India is classified in Group-I, it has to pay an annual contribution of US $ 500,000.

Reference:
http://indiatoday.intoday.in/story/cabinet-approves-indias-move-to-take-full-membership-of-ivi/1/860430.html
http://pib.nic.in/newsite/PrintRelease.aspx

Govt proposes setting up financial data management centre

Financial data management centre

Question: The setting up of financial data management centre under the aegis of the financial stability and development council was announced in which of the following year’s budget speech?
(a) 2013-14
(b) 2014-15
(c) 2015-16
(d) 2016-17
Ans:(d)
Related facts:

  • On 29 December 2016 government appointed panel has suggested setting up a financial data management centre (FDMC).
  • The Committee, headed by Ajay Tyagi (additional secretary in finance ministry), has submitted its report and a draft bill titled ‘The financial data management centre bill 2016’.
  • Finance minister Arun Jaitley in budget speech 2016-17 had announced setting up of financial data management centre under the aegis of the financial stability and development council (FSDC) to facilitate integrated data aggregation and analysis in the financial sector.
  • Financial Stability and Development Council is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008.
  • Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India.

Reference:
http://www.livemint.com/Politics/b6HeuDfIyYcf2hFrkM6EVP/Govt-proposes-setting-up-financial-data-management-centre.html
http://www.finmin.nic.in/reports/FDMCReportalongwithdraftbill29122016.pdf
http://finmin.nic.in/fsdc/GazNote31122010.pdf
http://pib.nic.in/newsite/erelease.aspx?relid=66284

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