Current Affairs – May, 2020

This category comprises Current Affairs May, 2020 National and International Importance for various competitive exams such as SSC, Banking / IBPS, UPSC, IAS, NTSE, CLAT, Railways, NDA, CDS, Judiciary, UPPSC, RPSC, GPSC, MPSC, MPPSC and other states civil services exams.

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NABARD releases Rs 20,500 crores of funds for Kharif and pre-monsoon operations

On May 18, 2020, the National Bank of Agriculture and Rural Development (NABARD) released Rs 20,500 crores. The funds will act as front-loading resources to the cooperative banks and the Regional Rural Development Banks (RRBs).

Highlights

The funds have been released to help farmers in Kharif operations and also in their pre monsoon preparations. Of the allocated amount, Rs 15,200 crores is to be provided through cooperative banks and Rs 5,300 crores through RRBs.

The Indian Meteorological Department recently announced that the Indian Monsoon is to begin on June 5. Hence, the advance releasing of funds will help farmers in receiving loans from the RRBs and cooperative banks.

Kisan Credit Card

The banks have initiated the Kisan Credit Card Scheme. During the months of lock down, around 12 lakh new credit cards were provided to the farmers.

The scheme was introduced in 1998. It aims to provide adequate credit support to the farmers. It was extended to non-farming activities in 2004. The scheme is implemented by RRBs, Commercial banks, Small Finance Banks and Cooperatives.

Atma Nirbhar Bharat Abhiyan

It is to be noted that the Atma Nirbhar Bharat Abhiyan that was recently launched by PM Modi allocated Rs 30,000 crores for NABARD.

Rules to issue Domicile Certificate in Jammu and Kashmir issued

On May 18, 2020, the Jammu and Kashmir Administration issued rules to provide domicile certificates. The “J&K Grant of Domicile Certificate (Procedure) rules 2020” has been provided through an amendment of the Jammu and Kashmir Civil Services (Decentralisation and Recruitment) Act, 2010.

Highlights

The rules have included extraordinary penalty of Rs 50,000 to the competitive authority in case the issuing of domicile certificate is delayed. The penalty will be imposed by the appellate authority and will be recovered from the salary of the competent authority. The domicile should be provided within 7 days of the application.

Background

On March 31, 2020, the Government of India issued Jammu and Kashmir Reorganization (Adaptation of State Laws) order, 2020. According to the order, the domicile of a person is defined as

“A person who has resided in the Union Territory of Jammu and Kashmir for a period of 15 years or has studied in the UT for a period of 15 years and appeared in Class 10 or 12 examination in an educational institution of J&K”

is considered to be a domicile of J&K.

Impacts

Due to the order, the West Pakistan Refugees and children of the women married outside J&K and Safai Karamcharis are now eligible to obtain domicile status.

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