Bank whizz

On 7th February 2021, Nanda Devi Glacier at Joshimath (Chamoli) splintered into the river, causing the Glacial Lake Outburst Flood (GLOF) in the Rishi Ganga, Dhauli Ganga, and Alaknanda rivers which killed several people and washed away two ongoing hydroelectric projects, namely, Rishi Ganga Hydel Project and Tapovan vishnugadh-Hydel Project.

With the breakneck speed with which the surging of smallpox started in the world, India initiated its head-to-toe hard work in developing the vaccine to eradicate this deadly disease with many fatalities.

In 2015, the Government had announced Pradhan Mantri Awaas Yojana under which Houses will be provided to all till 31st March 2022. The interest rate for the scheme starts at 6.5% p.a. and will be available for 20 years. The budget for this scheme is Rs. 81,975 cr.

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in the coming four years, two officials said, as the country looks to fix its health system after the coronavirus pandemic. India will likely raise its health spending to Rs 1.2-1.31akh crore ($16.46-$17.83 billion) in the fiscal year starting April 1, from the current year’s projected spending of Rs 62,600 crore, the officials told Reuters. The new healthcare plan is likely to be unveiled on Feb. 1 when Finance Minister Nirmala Sitharaman presents the country’s budget for 2020/21. The officials did not want to be named as the plan is not yet public. Even after decades of high growth, the country’s spending on healthcare has been a meagre 1.3% of GDP, way below BRIGS peers and developed countries. The strain of India’s underfunded healthcare system was put in stark relief during the pandemic, with states forced to set-up makeshift COVID care centres and many hospitals struggling to meet the demand for beds and oxygen cylinders. India has recorded over 10.6 million coronavirus cases, the second-highest in the world after the United States. Sitharaman is likely to unveil a four year health budget plan with the aim to move India’s healthcare spend to 4% of GDP, with the help of a dedicated health fund, the officials said. The government could also increase a health tax from the current 1% of income and corporate tax to fund the new programme, one of the above officials said. Currently it raises about 150-160 billion rupees annually from the health tax. *