Pandit Deendayal Upadhyay National Welfare Fund For Sportspersons
The Ministry of Youth Affairs & Sports (MYAS) has approved an amount of Rs 2 Lakh for Karnataka’s V Tejaswini Bai, who won the Arjuna Award in 2011 and was a member of the Women’s Kabaddi team that won gold medals at the 2010 and 2014 Asian Games respectively.
The financial assistance has been approved from the Pandit Deendayal Upadhyay National Welfare Fund for the Sportspersons (PDUNWFS).
About the Fund:
Set up in March, 1982 with a view to assisting outstanding Sportspersons of yesteryear, living in indigent circumstances who had brought glory to the Country in sports.
The scheme was revised in May, 2016 to provide for lump sum ex-gratia assistance to outstanding Sportspersons of yesteryears.
Provision of pension has been done away with as there is already a Scheme of Pension for Meritorious Sportspersons.
The Fund shall be utilized for the following objectives:
To provide suitable assistance to outstanding sports persons now living in indigent sportspersons.
To provide suitable assistance to outstanding sports persons injured during the period of their training for competitions and also during the competitions, depending on the nature of the injury.
To provide suitable assistance to outstanding sports persons who bring glory to the country in the international field and who are disabled as an after effect of their strenuous training or otherwise and to provide them assistance for medical treatment.
To administrator and apply the funds of the Fund to promote the welfare of the sports persons generally in order to alleviate distress among them and their dependents in indigent circumstances.
To administer and apply the funds of the Fund for active sports persons individually or collectively as a group.
To do all other things which are incidental to the above objectives.
RBI to transfer Rs 99,122 crore surplus to government
The Reserve Bank of India (RBI) will transfer a surplus of Rs 99,122 crore to the government for the nine-month accounting period ended March 31.
The bank also decided to maintain the contingency risk buffer at 5.5 percent.
Significance of the move:
The transfer will help the government’s finances as the country battles a furious second coronavirus wave that has seen daily infections and deaths rise to a record level. The restrictions clamped to break the chain of infections have also put a question mark on the country’s economic recovery.
Provisions in this regard:
The RBI, founded in 1934, operates according to the Reserve Bank of India Act of 1934. The act mandates that profits made by the central bank from its operations be sent to the Centre.
As the manager of its finances, every year the RBI also pays a dividend to the government to help with the finances from its surplus or profit.
A technical Committee of the RBI Board headed by Y H Malegam (2013), which reviewed the adequacy of reserves and surplus distribution policy, recommended a higher transfer to the government.
Printing of currency notes and on staff, besides the commission it gives to banks for undertaking transactions on behalf of the government across the country, and to primary dealers, including banks, for underwriting some of these borrowings.
DRDO’s Covid-19 antibody detection kit
The Defence Institute of Physiology and Allied Sciences (DIPAS), a laboratory of Defence Research and Development Organisation (DRDO), has developed a Covid-19 antibody detection kit called ‘Dipcovan’.
The Dipcovan kit can detect both spike as well as nucleocapsid (S&N) proteins of SARS-CoV-2 virus with a high sensitivity of 97 % and specificity of 99%.
The kit has a shelf life of 18 months.
It has been developed in association with Vanguard Diagnostics Pvt Ltd.
The antibody detection kit is approved by the Indian Council of Medical Research (ICMR) in April 2021.
Antibody, also called immunoglobulin is a protective protein produced by the immune system in response to the presence of a foreign substance, called an antigen.
Antibodies recognize and attack onto antigens in order to remove them from the body.
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