Related Topics: Indian Economy, Non Constitutional Bodies
The government has reconstituted the Prime Minister’s Economic Advisory Council for a period of two years.
- Economist Bibek Debroy will continue to be Chairman of the EAC-PM.
- Former NITI Aayog Principal Advisor Ratan P Watal will remain the Member Secretary of the panel.
- Apart from these two full-time members, the EAC-PM will have two part-time members.
- Ashima Goel has been retained as one of the part-time members, whereas Sajjid Chinoy has been brought in as a new member on the council.
What is EAC-PM?
- It is an independent body constituted to advise the government (especially prime minister) on economic and related issues.
- The Economic Advisory Council was set up with a view to provide a sounding board for inculcating awareness in Government on the different point of view on key economic issues.
- The Economic Advisory Council was reconstituted time and again with different organizational structures headed by various economists who are of recognized international eminence.
- Analyzing any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon;
- Addressing issues of macroeconomic importance and presenting views thereon to the Prime Minister. This could be either be suo-moto or on a reference from the Prime Minister or anyone else;
- Submitting periodic reports to the Prime Minister on macroeconomic developments and issues with implications for economic policy;
- Attending to any other task as may be desired by the Prime Minister from time to time.
- The EAC-PM has been reconstituted at a time when the economy is going through a tough phase.
- Several sectors have reported slump in performance and latest macro-economic numbers have reflected slowdown in economic growth.
- Asian Development Bank had slashed India’s growth forecast to 6.5 per cent for the current fiscal, weighed down by the GDP growth rate dipping to a six-year low in the first quarter.
[Source: Business Today, eac.gov.in]
Related Topics: International Relations, CARICOM
Prime Minister Narendra Modi has met the leaders of the Caribbean Community and Common Market during the first-ever India-Caricom leaders’ summit in New York.
About the Summit
- The meeting was the first-ever meeting of PM Modi with CARICOM leaders in a regional format.
- The Caribbean community, also known as CARICOM, is a grouping of 15 member states and five associate members.
- The summit highlighted the steadily intensifying relations between India and partner countries of the Caribbean, both bilaterally as well as regionally.
- The meeting deliberated on the strengthening the political and institutional dialogue processes, boosting economic cooperation, increasing trade and investment and fostering greater and more robust people-to-people relations.
- The meeting was attended by top leadership and representatives from Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent & the Grenadines, Suriname, Trinidad and Tobago.
Key Highlights of PM Speech
- PM Modi has announced a grant of $14 million for community development works in the CARICOM and another $150 million Line of Credit for solar, renewable energy and climate-change related projects.
- Regional Centre for Excellence in Information Technology will be set up in Guyana’s Georgetown and the Regional Vocational Training Centre in Belize by upgrading the existing India-funded centres in these two countries.
- India’s firm commitment to strengthen its political, economic and cultural engagement with CARICOM was reiterated and noted the presence of over a million-strong Indian diaspora as a vibrant and enduring link of friendship with the Caribbean nations.
- Emphasis was laid on partnering with CARICOM countries in capacity building, development assistance and cooperation in disaster management and resilience.
- CARICOM countries were invited to join the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI), which was announced by the PM in his address to the UN Climate Action Summit.
[Source: Economic Times, Investopedia]
Related Topics: Government Schemes & Initiatives, Public Health
Union Minister for Health and Family Welfare has launched the new TB Harega Desh Jeetega Campaign, along with the National TB Prevalence Survey.
About the Campaign
- The new TB campaign aims to improve and expand the reach of TB care services across the country, by 2022.
- Multi-stakeholder and community participation shall form the pivot of the countrywide campaign.
- Three strong pillars of the campaign include clinical approach, public health component and active community participation.
- Other supporting elements of the campaign comprise private sector engagement, patient support, and political and administrative commitment at all levels.
- This includes preventive and promotive approaches, and proposes potentially transformative interventions such as engagement with private sector health care providers, inter-ministerial partnerships, corporate sector engagement, latent TB infection management, and community engagement.
- The interventions will be accompanied by a comprehensive, mass media and communications campaign to generate awareness about the disease and the free treatment services available under the government program.
TB India Report (2019)
- Union Minister for Health and Family Welfare has also released the TB India Report (2019).
- According to the Report, 21.5 lakh TB cases were notified to the Revised National Tuberculosis Control Programme (RNTCP) in 2018, a 16 per cent increase over 2017.
- Notifications from private sector health care providers reached 5.4 lakh, an increase of 40 per cent, contributing to 25 per cent of all TB notifications.
FACTS OF THE DAY
SASTRA RAMANUJAN PRIZE 2019
The SASTRA Ramanujan prize for 2019 will be awarded to mathematician Adam Harper, Assistant Professor with the University of Warwick, England. The prize will be awarded to Harper for his several outstanding contributions to analytic and probabilistic number theory. The annual prize, which includes a cash award of USD 10,000 and a citation, was instituted by SASTRA University for outstanding contribution by individuals not exceeding the age of 32 in areas of mathematics inﬂuenced by Ramanujan. The prize will be awarded at the International Conference in Number Theory on December 22 (Ramanujan’s Birthday) at SASTRA University campus in Kumbakonam.
THE BEST FIFA FOOTBALL AWARDS 2019
Lionel Messi has won The Best Men’s Player award. He has defeated Liverpool and Dutch defender Virgil van Dijk and fierce rival Cristiano Ronaldo to win the award. The United States icon Megan Rapinoe has won The Best Women’s Player award. Rapinoe was rewarded at the FIFA Best awards for leading the United States to the women’s World Cup title in July, 2019. It is an association football award presented annually by FIFA, the highest governing body of football.
JAIJAGAT 2020 (HAIL WORLD) YATRA
200 tribal and Dalit activists, writers, thinkers and eminent Gandhians will begin a year-long march from New Delhi to Geneva on Mahatma Gandhi’s 150th birth anniversary on October 2, carrying messages of non-violence and peace. The 15,000 km JaiJagat 2020 (Hail World) ‘yatra’ will wind its way through 10 countries, including the UK, France, Germany, Iran, Senegal, Sweden and Belgium, and will be joined by parallel groups of marchers, including foreign delegates, en-route. The initial plan, formulated three years ago, also included a two-month stay in Pakistan, but tension between the two countries forced the organizers to shelve it. One-year march will be led by social worker P V Rajagopal, Gandhian scholar and Canadian leader Jill Carr-Harris and Dalit and tribal rights activist Ramesh Sharma among others. The group will walk from Delhi to Sevagram in Maharashtra where Mahatma Gandhi had set up his ashram. The participants will demand that peace and non-violence be brought under the ambit of sustainable development goals.