Department of Economic Affairs Current Affairs - 2019
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The Reserve Bank of India (RBI) has constituted a panel under the former deputy governor Usha Thorat to examine issues related to offshore rupee markets and recommend policy measures to ensure the stability of the external value of the domestic currency.
Mandate for the Panel
- The panel will study the causes behind the development of the offshore rupee market and examine the effects of the offshore markets on the rupee exchange rate and market liquidity in the domestic market.
- The panel will also recommend measures to address concerns, if any, arising out of offshore rupee trading besides proposing measures to generate incentives for non-residents to access the domestic market.
- The panel will recommend measures to generate incentives for non-residents to access the domestic market and examine the role if any, International Financial Services Centres (IFSCs) can play in addressing these concerns.
The members of the Usha Thorat panel will include a nominee from the Department of Economic Affairs, nominee from the Securities and Exchange Board of India, Ajit Ranade, Chief Economist of the Aditya Birla Group, Sajjid Chinoy, Chief Economist, JPMorgan, Surendra Rosha, CEO, India, HSBC, Adviser-in-charge, Department of Economic Policy and Research, RBI, and Chief General Manager, Financial Markets Regulation Department, RBI.
Tags: Department of Economic Affairs • Department of Economic Policy and Research • Financial Markets Regulation Department • offshore rupee market • RBI • Reserve Bank of India • Securities and Exchange Board of India • Usha Thorat Panel
Sakhi centre or One Stop Centre (OSC) is a fully sponsored scheme of Central Government. These centres are set up through the Nirbhaya Fund under the National Mission for Empowerment of women by the Ministry of Women and Child Development.
About the Sakhi centre
Sakhi centres offer integrated services like medical, legal, psycho-social support and temporary shelter under one roof. These centres provide necessary support to women facing physical, sexual, emotional, psychological and economic abuse, irrespective of age, class, caste, education status, marital status, race and culture will be facilitated with support and redressal.
The objectives of these one-stop centres are:
- To provide integrated support and assistance to women affected by violence, both in private and public spaces under one roof.
- To facilitate immediate, emergency and non-emergency access to a range of services including medical, legal, psychological and counselling support under one roof to fight against any forms of violence against women.
These are 24×7 centres and any woman in an adverse situation or someone on her behalf can seek help from the Sakhi Centre by dialling Women’s toll-free helpline 181.
Due attention is given to the training of staff in these centres to ensure that survivors of violence who have faced tremendous physical, emotional and psychological trauma are not further victimised and treated with sensitivity and care.
Nirbhaya Fund was announced by the government of India in the 2013 Union Budget. The fund was established to support initiatives by the government and NGOs working towards protecting the dignity and ensuring the safety of women in India.
Nirbhaya Fund is administered by the Department of Economic Affairs of the finance ministry. The Ministry of Women and Child Development together with concerned ministries will work out details of the structure, scope and the application of this fund.
Nirbhaya which means fearless was the pseudonym given to the 2012 Delhi gang-rape victim to hide her actual identity.
Tags: 2012 Delhi gang-rape • Department of Economic Affairs • Ministry of Women and Child Development • National Mission for Empowerment of women • Nirbhaya Fund • One Stop Centre • Sakhi centre • Women Safety and Dignity