Banks Board Bureau
The Banks Board Bureau (BBB) has recommended 22 general managers to be elevated as executive directors at various public sector banks. These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19.
The Appointments Committee of Cabinet headed by Prime Minister will take the final decision in this regard. There are already some vacancies at executive director level and more would be created during the course of the year.
About Banks Board Bureau (BBB):
It was set up in February 2016 as an autonomous body– based on the recommendations of the RBI-appointed Nayak Committee. It was the part of Indradhanush Plan of government.
Its broad agenda was to improve governance at state-owned lenders. Its mandate also involved advising the government on top-level bank appointments and assisting banks with capital-raising plans as well as strategies to deal with bad loans.
Source: The Hindu
India BPO promotion scheme
The Union government is planning to expand its BPO promotion scheme under the Digital India initiative. The government has proposed to more than double the number of seats under the scheme.
About India BPO Promotion scheme (IBPS):
The India BPO Promotion Scheme (IBPS), envisaged under Digital India Programme, seeks to incentivize establishment of 48,300 seats in respect of BPO/ITES operations across the country.
It is distributed among each State in proportion of State’s population with an outlay of Rs. 493 Crore. This would help in capacity building in smaller cities in terms of infra & manpower and would become basis for next wave of IT/ITES led growth.
Financial Support: Up to 50% of expenditure incurred on BPO/ITES operations towards capital expenditure (CAPEX) and/or operational expenditure (OPEX) on admissible items, subject to an upper ceiling of Rs. 1 Lakh/Seat.
Special incentives toward employment of women & specially enabled persons.
Incentive for generating employment beyond target & wider dispersal within state including rural areas.
Encouragement for local entrepreneurs.
Special consideration for Hilly states of HP, J&K and UK.
Significance of the scheme:
This scheme has potential to create employment opportunities of around 1.5 lakh direct jobs considering three shift operations. It may also create good number of indirect jobs.
BPO / ITES Industry is one of the fastest growing segments under the Information Technology sector in the country. It has immense potential to grow and expand further because of its readiness to deliver at par with global standards and inherent cost advantage.
Currently, most revenue by this sector is generated from, in and around, the metropolitan areas of Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune. Other parts of the country, having availability of talent pool and infrastructure, are yet to reap the benefits of this global boom.
Source: The Hindu
National Data Centre
The Centre will set up the country’s biggest data centre in Bhopal with a capacity to host five lakh virtual servers. It will be set up by the National Informatics Centre (NIC), under the Ministry of Electronics and Information Technology (MeitY).
Facts for Prelims:
This will be the fifth National Data Centre after the ones at Bhubaneswar, Delhi, Hyderabad and Pune.
NIC and NIC Data Centres:
NIC, under the Department of Information Technology of the Government of India, is a premier Science and Technology Organization, at the forefront of the active promotion and implementation of Information and Communication Technology(ICT) solutions in the government. The NIC is a part of the Indian Ministry of Electronics and Information Technology’s Department of Electronics & Information Technology.
With the increased expectations from citizens for online services and the number of e-Governance Projects being launched by the Government, the Data Centre requirements are growing exponentially. There is a need to set up strategic infrastructure that facilitates high availability, quick scalability, efficient management & optimized utilization of resources.
To fulfil this requirement, NIC has set up state-of-the-art National Data Centres to provide services to the Government at all levels. These Data Centres combine round-the-clock operations and management of systems with onsite skilled personnel. The National Data Centres host Government websites, services and apps.
Source: The Hindu
International Classification of Diseases (ICD-11)
The World Health Organization (WHO) has released its new International Classification of Diseases (ICD-11).
What is ICD?
The ICD is the global health information standard for mortality and morbidity statistics.
ICD is increasingly used in clinical care and research to define diseases and study disease patterns, as well as manage health care, monitor outcomes and allocate resources. ICD has been translated into 43 languages.
More than 100 countries use the system to report mortality data, a primary indicator of health status. This system helps to monitor death and disease rates worldwide and measure progress towards the Millennium Development Goals.
About 70% of the world’s health expenditures (USD $ 3.5 billion) are allocated using ICD for reimbursement and resource allocation.
Highlights of ICD- 11:
ICD-11 identifies health trends and statistics worldwide, and contains around 55,000 unique codes for injuries, diseases and causes of death.
ICD-11, which has been over a decade in the making, provides significant improvements on previous versions.
Also for the first time, it is completely electronic and has a much more user-friendly format. And there has been unprecedented involvement of health care workers who have joined collaborative meetings and submitted proposals.
The new ICD-11 also reflects progress in medicine and advances in scientific understanding. For example, the codes relating to antimicrobial resistance are more closely in line with the Global Antimicrobial Resistance Surveillance System (GLASS).
ICD-11 is also able to better capture data regarding safety in health care, which means that unnecessary events that may harm health – such as unsafe workflows in hospitals can be identified and reduced.
The new ICD also includes new chapters- one on traditional medicine and another new chapter on sexual health.
Gaming disorder has been added to the section on addictive disorders.
ICD purpose and uses:
The ICD is the foundation for the identification of health trends and statistics globally. It is the international standard for defining and reporting diseases and health conditions. It allows the world to compare and share health information using a common language.
The ICD defines the universe of diseases, disorders, injuries and other related health conditions. These entities are listed in a comprehensive way so that everything is covered. It organizes information into standard groupings of diseases, which allows for:
Easy storage, retrieval and analysis of health information for evidenced-based decision-making;
Sharing and comparing health information between hospitals, regions, settings and countries; and
Data comparisons in the same location across different time periods.
The first international classification edition, known as the International List of Causes of Death, was adopted by the International Statistical Institute in 1893. WHO was entrusted with the ICD at its creation in 1948. The ICD is revised periodically and is currently in its 10th revision.
Source: The Hindu
RBI alters ‘relative’ definition
Concerned over funds sent abroad under the ‘maintenance of close relative’ category of the Liberalised Remittance Scheme (LRS), the Reserve Bank of India (RBI) has narrowed the definition of relatives to check the flow of funds.
The new definition:
RBI has aligned the definition of ‘relative’ with the definition given in Companies Act, 2013 instead of Companies Act, 1956. Hence, funds under the ‘maintenance of close relative’ category can be sent only to immediate relatives such as parents, spouses, children and their spouses.
What necessitated this move?
Outward remittances under maintenance of close relatives shot up to almost $3 billion in 2017-18 from a mere $174 million in 2013-14. In fact, funds sent under this category have more than doubled since 2015-16. Overall outward remittances under LRS went up to $11 billion from $1 billion in the same period.
About Liberalised Remittance Scheme (LRS):
Under LRS, all resident individuals can freely remit $250,000 overseas every financial year for a permissible set of current or capital account transactions.
Permitted: Remittances are permitted for overseas education, travel, medical treatment and purchase of shares and property, apart from maintenance of relatives living abroad, gifting and donations. Individuals can also open, maintain and hold foreign currency accounts with overseas banks for carrying out transactions.
Not permitted: However, the rules do not allow remittances for trading on the foreign exchange markets, margin or margin calls to overseas exchanges and counterparties and the purchase of Foreign Currency Convertible Bonds issued by Indian companies abroad. Sending money to certain countries and entities is also barred. Under LRS, people can’t send money to countries identified as ‘non cooperative’ by the Financial Action Task Force. Remittances are also prohibited to entities identified as posing terrorist risks.
Source: The Hindu
Google for flood forecasting
Central Water Commission (CWC), India’s apex technical organization in the field of Water Resources, has entered into a Collaboration Agreement with Google for flood forecasting. This initiative is likely to help crisis management agencies to deal extreme hydrological events in a better manner.
Under this Agreement:
CWC and Google will share technical expertise in the fields of artificial intelligence, machine learning, geospatial mapping and analysis of hydrological observation data to collaborate on:
Improving flood prediction systems, which will help provide location-targeted, actionable flood warnings.
High priority research project utilizing Google Earth Engine to help visualize and improve flood management.
A cultural project to build online exhibitions on the Rivers of India.
Benefits of the agreement:
The collaborative arrangement is likely to result in saving of crore of rupees which otherwise would have to be spent by the government on acquiring high resolution DEM, high end computational resources and developing dissemination platforms widely used by the masses.
This would enable the Government as well as disaster management organisations to identify well in advance the locations and population, which are at risk from floods and require warnings and information.
This collaborative initiative is expected to be a milestone in flood management and in mitigating the flood losses.
About Central Water Commission:
Central Water Commission is a premier Technical Organization of India in the field of Water Resources and is presently functioning as an attached office of the Ministry of Water Resources, River Development and Ganga Rejuvenation, Government of India.
The Commission is entrusted with the general responsibilities of initiating, coordinating and furthering in consultation of the State Governments concerned, schemes for control, conservation and utilization of water resources throughout the country, for purpose of Flood Control, Irrigation, Navigation, Drinking Water Supply and Water Power Development. It also undertakes the investigations, construction and execution of any such schemes as required.
It is a mobile application developed by Telangana police for their internal communication purpose. It has been developed on the lines of WhatsApp. Police have developed this app keeping in view the safety of their information besides having hassle free communication.
The app is a secure communication channel, with no limit on the number of members in any individual group (unlike the regular WhatsApp which has a restriction of 256 numbers) and has all the features of WhatsApp.
Other features of the Cop-Connect app are chatting, group chats, file sharing (image, audio, video and documents) and location sharing. A unique feature, iMeeting, can help in creating and scheduling department meetings in an easy way.
The app will help in connecting 60,000 plus police force, spanning over 31 revenue districts across the state.
COP Connect’s has end-to-end encryption with server being with Police Department and it ensures absolute security and confidentiality of internal police communication.
Source: The Hindu
Year of Disabled Soldiers
To honour soldiers who have been disabled in line of duty, while serving the Nation and to celebrate the undying spirit of ‘Soldiering’, Indian Army is observing the year 2018 as the ‘Year of Disabled Soldiers in Line of Duty’.
The primary focus is towards alleviating the sufferings of these soldiers, who have done their duty with utmost dedication to the Nation and have been disabled for the life.
The endeavour this year is to provide a onetime financial assistance to disabled soldiers who have been boarded out from service on medical grounds and are rendered non-employable due to their medical or physical conditions.
India – U.S Defence Pacts
Global Classification of Diseases