सामयिक विषय: Treaty & Agreements

India gives $45.27 million aid to develop KKS harbour in Sri Lanka

Agreement between India and Sri Lanka

Question: In which of the following countries Kankesanthurai (KKS) port is located?
(a) Maldives
(b) India
(c) Sri Lanka
(d) Myanmar
Answer: (c) 
Related Facts: 

  • On 10 January 2018 an agreement was signed between Sri Lanka’s Ministry of Finance and Export-Import Bank of India (Exim Bank) in New Delhi.
  • Director-General of the Export-Import Bank, David Rasquinha and Secretary of Sri Lanka’s Ministry of Finance R.S. Samaratunga signed on this agreement.
  • This agreement is for Indian financial assistance of USD 45.27 million (LKR 6.9 billion) for upgrading Kankesanthurai (KKS) Harbour and to develop Sri Lanka as a centralized hub of the center.
  • Kankesanthurai (KKS) is a port in northern Sri Lanka.
  • It is important to note that under this upgraded project would make KKS Harbour a full-fledged commercial port.

Reference:                 
https://economictimes.indiatimes.com/news/defence/india-gives-45-27-million-aid-to-develop-kks-harbour-in-sri-lanka/articleshow/62472575.cms

PNB signs MoA with NSFDC

Agreement between Punjab National Bank and NSFDC

Question: A recent agreement between Punjab National Bank and National Scheduled Castes Finance and Development Corporation was signed. What is not true in this related option?
(a) This Agreement was made on 5th January, 2018.
(b) This Agreement has been made to provide financial assistance for the economic empowerment of Scheduled Caste families living below the Double poverty Line.
(c) On this Memorandum of Understanding BM Padha of PNB and NSFDC’s Devanand signed.
(d) Under this agreement, PNB will act as a channelizing agent for the NSFDC’s loan schemes.
Answer: (a)
Related Facts:

  • On January 8th, 2018, Punjab National Bank and NSFDC (National Scheduled Castes Finance and Development Corporation) have signed a tie-up.
  • This Agreement has been done to provide financial assistance for the economic empowerment of Scheduled Caste families living below the DPL-Double Poverty Line.
  • BM Padha (General Manager, Priority Sector Financial Inclusion Department, PNB) and Devanand (General Manager, NSFDC) have signed on this MoU.
  • Under this agreement, PNB will act as a channelizing agent for the NSFDC’s loan schemes.
  • Concessional Finance and Skill Training Grants will be provided to unemployed Scheduled Caste people living below the Double Poverty Line.

Reference:
http://www.thehindubusinessline.com/money-and-banking/pnb-signs-moa-with-nsfdc/article10020461.ece

New India Assurance bags Rajasthan health insurance project

Agreement for Bhamashah Health Insurance Scheme

Question: Bhamashah Health Insurance Scheme has been launched in Rajasthan on-
(a) August 10, 2015
(b) December 13, 2015
(c) From April 12, 2016
(d) December 13, 2016
Answer: (b)
Related Facts:

  • On December 6, 2017; the Memorandum of Understanding for Bhamashah Health Insurance Scheme was signed between the Medical and Health Department, Rajasthan and New India Insurance Company.
  • The duration of this MoU is 2 years.
  • The MoU was signed by Chief Health Officer State Health Assurance Agency Naveen Jain and Sanjay Agarwal (Regional Manager of New India Assurance Company).
  • 311 new treatment packages have been added under this scheme.
  • According to the Memorandum of Understanding, the premium of the amount of Rs. 1263 per family will be paid annually.
  • At present, about 1 crore households are benefiting from Bhamashah Health Insurance Scheme in the state.
  • On this scheme, the state government will pay an amount of Rs. 1263 crore in the form of premium every year.
  • The amount, including taxation, will be around Rs. 1500 crores.
  • It is known that from December 13, 2015, the Bhamashah Health Insurance Scheme is operated in the state.
  • Under this scheme, facilities for angioplasty, heart bypass, heart surgery, brain surgery, applying surgery and plastic surgery are also being provided for people with severe diseases.

Reference:
https://www.indiainfoline.com/article/news-top-story/new-india-assurance-bags-rajasthan-health-insurance-project-117121100014_1.html
http://www.thehindubusinessline.com/money-and-banking/new-india-assurance-to-execute-health-insurance-for-one-crore-families-in-maharashtra/article9988734.ece

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