Current Affairs - December, 2019

Current Affairs December, 2019 section is updated daily with latest Current Affairs and Current Events of December, 2019 for UPSC, IAS/PCS, Banking / IBPS, SSC, Railways, CLAT, NDA/CDS, UPPSC, RPSC, BPSC, MPPSC, TNPSC, MPSC, KPSC and other competition exams.

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Govt. makes Aadhaar mandatory for PMVKY subscribers

Centre government has made Aadhaar (the unique 12-digit biometric identity number) mandatory for subscribers of Pradhan Mantri Vaya Vandana Yojana (PMVVY) which is a pension scheme for senior citizens. Finance Ministry notified that an individual eligible for receiving benefit under PMVVY scheme shall now be required to furnish proof of possession of Aadhaar number or else undergo Aadhaar authentication.

Key Highlights

Union Ministry of Finance, has issued the notification under Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016. It further reads that any individual desirous of availing benefit under PMVVY scheme who does not possess Aadhaar number or has not yet been enrolled for Aadhaar, shall be required to apply for Aadhaar enrolment before registering for scheme.

In cases where scheme beneficiaries Aadhaar authentication fails due to poor biometrics- the Department of Financial Services (under Finance Ministry) through its implementing agency will make provisions to help beneficiaries get Aadhaar number.

In cases where biometric or Aadhaar OTP (one-time password) authentication is not possible, benefit under PMVVY scheme may be given on basis of physical Aadhaar letter whose authenticity may be verified through unique quick response (QR) code printed on Aadhaar letter.

About Pradhan Mantri Vaya Vandana Yojana (PMVVY)

It is a pension scheme for senior citizens aged 60 or above. The scheme envisages an assured rate of return of 8% annually for 10 years. It is s being implemented through Life Insurance Corporation of India (LIC). PMVVY was announced in Union Budgets of 2017-18 and 2018-19, and in Budget 2018-19, the maximum limit under PMVVY was doubled to Rs.15 lakh per senior citizen. PMVVY is available for subscription till March 2020.

Foundation laid for India’s first Transit-Oriented Development Project

Union Home Minister Amit Shah laid the foundation stone for country’s first transit-oriented development (TOD) project in New Delhi. Under the TOD project a state-of-the-art infrastructure zone, including national capital’s tallest tower, will be built in east Delhi.

About Transit-Oriented Development (TOD) Project

The project- ‘East Delhi Hub’ at Karkardooma (in New Delhi), spreading over 30 ha, will come up in next 3.5 years. The hub will be developed around existing two Delhi Metro stations at Karkardooma (on Blue and Pink Lines). Besides a 48-storey signature tower that will come up in first phase of project, the hub will also include a massive open landscaped green area.

This project will be country’s first TOD project. It is being implemented by Union Ministry of Housing an Urban Affairs (MHUA).

Project’s first phase will be implemented by National Buildings Construction Corporation (NBCC). NBCC has been chosen by DDA which owns the land. The project will have mixed-land use, 70% residential, 20% commercial and 10% for civic amenities, besides housing facilities for people belonging to economically weaker section (EWS). About 4,526 residential units would be built, and 1,108 in first phase, besides 2,088 units for EWS (522 in phase-I).

The East Delhi Hub project was approved by Delhi Development Authority (DDA) in December 2014, with an aim to promote use of public transport over private vehicles. This implies that the project is taking off after much delay.

Features: The hub has been designed with complete sustainability model. One of the most unique part of this TOD project is that- inside it there will be a central massive green lung of about 10 acres, and it will also have vertical gardens and water-harvesting facilities. This is significant as east Delhi does not have such a huge recreational space. There will be a huge plaza near metro stations and skywalks to take people directly to destinations without stepping onto streets. The 48-storey signature tower (about 161 m) will become Delhi’s tallest tower. There will also be schools, dispensaries, gymnasia, cultural centres as well as library inside the hub.