Tuesday, April 4, 2017

B N Srikrishna committee for institutionalisation of arbitration mechanism in India

Union Govenment has costituted a High-Level Committee(HLC) to review institutionalisation of arbitration mechanism in India. The committee will be headed by Justice B N Srikrishna, the retired Judge of Supreme Court.It will also examine specific issues and prepare roadmap required to make “India a robust centre for international and domestic arbitration. The committee will review the resources,facilities,funding and manpower of existing  Alternative Dispute Resolution(ADR) institutions. Review working of the institutions that is funded by the Union Government arbitration purposes. The committee have to submit its report within a period of 90-days. 

BHIM launched

PM Narendra Modi has launched a mobile app Bharat Interface for Mobile (BHIM) which is a Unified Payment Intreface(UPI) application. Launch was held at the Digi Dhan Mela held in Talkatora stadium, New Delhi. It is Aadhaar-based payments app which easily allows transferring money or making a payment from your bank account using only phone number. It can work even on basic phones as it supports USSD payments. It has mobile wallet facility in which money can be loaded. Using it anyone can directly connect their phone to bank account like a debit card.

Pradhan Mantri Ujjwala Yojana

The government  met the 1.5 crore target for LPG connections to be added in this financial year under the Pradhan Mantri Ujjwala Yojana (PMUY) and so has increased LPG coverage across the country to 70 per cent as of December 1. Since the launch of the PMUY, the LPG coverage across the country has increased to 70% as of December 1, 2016 from earlier 61% as of January 1, 2016. Top five States with highest number of LPG connections are: Uttar Pradesh (46 lakh), West Bengal (19 lakh), Bihar (19 lakh), Madhya Pradesh (17 lakh) and Rajasthan (14 lakh). These states constitute nearly 75% of the total connections released.The households belonging to SC/ST constitute the large chunk of beneficiaries of this scheme with 35% of the connections being released to them.

About Pradhan Manthri Ujjwala Yojana(PMUY):
The Pradhan Mantri Ujjwala Yojana is a welfare program of the government of India, launched by Indian Prime Minister Narendra Modi in 2016. The stated objective of the program is providing 50,000,000 LPG connections to women from families below the poverty line. As of 3 April 2017, twenty million LPG connections had been completed. It is guided by a strong commitment to bring in changes in lives of poor women. The tagline of scheme is Swachh Indhan, Behtar Jeevan. It seeks to empower women and protect their health by shifting them from traditional cooking based on unclean cooking fuels or fossil fuels to clean cooking gas.

Worth reading