DAILY CURRENT AFFAIRS

By admin: Nov. 30, 2021

National Health Accounts(NHA) report for 2017-18 released

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• This is the fifth consecutive NHA report produced by National Health Systems Resource Centre (NHSRC), prepared by using an accounting framework based on the internationally accepted System of Health Accounts 2011, provided by the World Health Organization (WHO).
• National Health Systems Resource Centre (NHSRC) comes under the Union Ministry of Health and Family Welfare.
• The first report was released in 2013-14

Main Highlights of the Fifth Report

• There has been an increase in the share of government health expenditure from 1.15% in 2013-14 to 1.35%  of the GDP in 2017-18. 
• The share of Government Health Expenditure in total health expenditure has also increased from 28.6%in 2013-14 to 40.8% in 2017-18.
• Government’s health expenditure as a share of total Government expenditure has increased from 3.78% to 5.12% between 2013-14 and 2017-18.
• In per capita terms, the government health expenditure has increased from Rs 1042 to Rs.1753 between 2013-14 to 2017-18.
• The share of primary healthcare in current government health expenditure has increased from 51.1% in 2013-14 to 54.7% in 2017-18.
• The out-of-pocket expenditure (OOPE) as a share of total health expenditure has come down to 48.8% in 2017-18 from 64.2% in 2013-14.  The fall in out-of-pocket expenditure is a good sign as it indicates that government expenditure on health is increasing.

What is Out of Pocket Expenditure 

This indicator estimates how much are households in each country spending on health directly out of pocket.

The fall in out-of-pocket expenditure is a good sign as it indicates that government expenditure on health is increasing.

If the out-of-pocket expenditure increases then it indicates that the government expenditure on health is decreasing.

Current Health Secretary : Rajesh Bhushan

Government approves strategic disinvestment of Central Electronics Ltd.

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• The Union Government announced that it has approved the strategic divestment of Central Electronics Ltd (CEL) - a CPSE under the Department of Scientific and Industrial Research (DSIR).
• This is the second strategic stake sale by the government after Air India.
• The winning bid was by Nandal Finance and Leasing Ltd for Rs 210 crore.
• The Alternative Mechanism (AM) on strategic disinvestment comprises Road Transport Minister Nitin Gadkari, Finance Minister Nirmala Sitharaman and Minister of State for Science and Technology Jitendra Singh.

About CEL:

• It was established in 1974, with an objective to commercially exploit indigenous technologies developed by National Laboratories and R&D Institutions in the country.

Direct tax collection grew by 68%

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• According to the Union Minister of State of Finance ,the Net Direct Tax Collection figures for the FY- 2021-22 as on 23.11.2021 are at Rs 6,92,833.6 crore showing a growth of 67.93 percent and 27.29 percent over the net collection figures for the corresponding period FY 2020-21 and FY 2019-20.

RBI Supersede Reliance Capital Board

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The Reserve Bank of India (RBI) on November 29 said it has superseded the board of Reliance Capital due to the defaults of the company in meeting various payment obligations.

Reliance Capital had defaulted on interest payments on loans worth Rs 624 crore drawn from Housing Development Finance Corporation (HDFC) and Axis Bank

Reliance Capital is a Non-Banking Financial Company(NBFC)  owned by Anil Ambani in the business of Insurance,Home Finance, broking etc.

RBI has appointed  Nageswar Rao Y, former executive director of Bank of Maharashtra as the Administrator of the Company.

FIFA Club World Cup to be held in UAE in February 2022

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World Football’s Governing Body announced that the FIFA Club World Cup which was initially set to be held in December 2021 - January 2022 in Japan, will now be held in the United Arab Emirates in February 2022.

Highlights:

• The Club World Cup will run from February 3-12, featuring seven teams One is the host club team and six are the  champions of the six continental confederations. 
• It includes the champion clubs of 
• AFC Champions League (Asia), 
• CAF Champions League (Africa),
• CONCACAF Champions League (North America),
• Copa Libertadores (South America), 
• OFC Champions League (Oceania)
• and UEFA Champions League (Europe)

The emergence of Omicron: “Weather a third Booster Jab or Not”

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With the emergence of Omicron and its virulence yet uncertain, concerns have emerged about whether the third dose of COVID vaccines should be administered in India.

Key Highlights:

• The United States and the United Kingdom have approved booster doses for all adults, six months after the completion of their second dose.
• These recommendations build from research suggesting that two weeks after a booster, the chances of being protected from symptomatic COVID increase.

Israeli Study:

A study in Israel also suggests that immunity against infection dips noticeably in the six months after two doses of the Pfizer/BioNTech vaccine.

New CEO of Twitter

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• Parag Agrawal, 37, an IIT-Bombay graduate, has replaced Jack Dorsey as the new Twitter chief executive officer, becoming the youngest CEO in top 500 companies.
• Twitter appointed Parag Agrawal as its Chief Technology Officer in 2017.
• Twitter is an American social media company based in San Francisco, California.

Person in News: Sweden Prime Minister

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• Magdalena Andersson, who last week was appointed Sweden’s first woman Prime Minister for a few hours, was again re-elected as the Prime Minister by the Swedish Parliament Riksdag. 
• Sweden capital: Stockholm

Sweden currency:  Krona SEK

Books and Authors

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Translating myself and Others 

Author : Jhumpa Lahiri 

She is an Pulitzer prize winner american author 

She has written Interpreter of Maladies for which she won the Pulitzer prize for fiction in 1999, and Namesake.

400 days 

Author  : Chetan Bhagat 

Other works of Chetan Bhagat are:

Five Point Someone ; What Not To Do at IIT

One Night @ the Call Center

The 3 Mistakes of My Life

2 States 

Revolution 2020

Half Girlfriend

 One Indian Girl

The Girl in Room 105

One Arranged Murder