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  • What is Drive-through Testing?

    To work around the challenges of home-based testing in the country, a New Delhi based firm has offered ‘drive-through test’ for COVID-19.

    Drive-through Testing

    • Those who feel sick drive up to a test centre where nurses wearing protective gear collect a nose or throat sample from the car itself.
    • Results are mailed or messaged in a day.
    • This method of mass testing has allowed reduced contact between patients and healthcare workers, thereby lessening the chances of transmission.
    • South Korea has led the world in the number of tests per million to check for coronavirus infection through this method.

    Germany: leading through examples

    • Germany is conducting around 3,50,000 coronavirus tests a week, far more than any other country.
    • It means that more people with few or no symptoms are reported thereby increasing the number of known cases and adequate quarantines.

    Limitations (for India)

    • We have seen so far is that many are uncomfortable with the home collection process.
    • Some people are worried that lab personnel visiting home in full protective gear would scare the neighbours.
    • There are also instances when spouses of some healthcare personnel have separated for a while.

  • Pink Supermoon/ Paschal Moon

    A supermoon is all scheduled to show up in the sky on April 7. It would be the biggest and brightest full moon of 2020.

    Pink Supermoon

    • According to NASA, a supermoon takes place when a full moon is at its closest to the Earth.
    • When the full moon appears at perigee (closest point from the earth) it is slightly brighter and larger than a regular full moon — and that is what we call a “supermoon.”
    • They are called Supermoons because they are 7 per cent bigger and 15 per cent brighter, compared to an average full Moon.
    • The moon will not be originally pink in colour. It got its name from the pink wildflowers – Wild Ground Phlox – that bloom in the spring and are native to North America.
    • It is also called Paschal moon because, in the Christian calendar, this is used to calculate the date for Easter – the first Sunday after the Paschal Moon is Easter Sunday.

  • Tropical Butterfly Conservatory

    The Tropical Butterfly Conservatory Tiruchirappalli (TBCT) has been developed in Tamil Nadu’s Tiruchirappalli to create awareness among the public about the importance of the butterfly and its ecology.

    Tropical Butterfly Conservatory

    • The TBC is located in the Upper Anaicut Reserve Forest, sandwiched between the Cauvery and Kollidam rivers in Tiruchirappalli.
    • It was inaugurated during November 2015 at Tiruchirappalli with the objective of propagating the importance of butterflies and conserving the biodiversity of the district through environmental education.
    • It  is spread over 27 acres and is considered to be Asia’s largest butterfly park.
    • The park has an outdoor as well as indoor conservatory, a ‘Nakshatra Vanam’ and a ‘Rasi Vanam’ in addition to a breeding lab for non-scheduled species.
    • So far, about 109 butterfly species have been observed here.

    Conservation measures

    • Eggs of non-scheduled butterfly species are collected and bred in captivity in the in-house incubation laboratory by keeping them in ventilated plastic containers with the leaves of host plants as feed.
    • After attaining the transformation of larva (caterpillar) and pupa (transition), the adult butterfly finally comes out with gorgeous colours and at this stage they are released into the natural habitat.
    • Non-scheduled butterfly species are bred and released by the park authorities into their natural surroundings.

    Significance of butterflies

    • Butterflies are known for their intrinsic, aesthetic, educational, scientific, ecological, health and economic values.
    • As butterflies form an important part of nature’s food web, it is very essential to protect the species for ecological balance.
    • They play a key role in the pollination of plant species, the global food chain depends on their well-being.

    Various threats

    • The major threats to butterfly diversity are destruction, degradation and fragmentation of their habitats, grazing, fires and application of pesticides and weedicides in agricultural and urban ecosystems.

  • Operation Sanjeevani

    An Indian Air Force (IAF) C-130J transport aircraft o delivered 6.2 tonne of essential medicines and hospital consumables to Maldives under Operation Sanjeevani.

    Operation Sanjeevani

    • At the request of the govt. of Maldives, the IAF aircraft activated Operation Sanjeevani and lifted these medicines from airports in New Delhi, Mumbai, Chennai and Madurai before flying to the Maldives.
    • Among other things, these medicines include influenza vaccines, anti-viral drugs such as lopinavir and ritonavir — which have been used to treat patients with COVID-19 in other countries.
    • The flights are being operated on commercial basis following demands from pharmaceutical companies and their intermediaries and will carry cargo on inbound as well as outbound flights.
    • The cargo operations will help the airline earn some revenue at a time there is a ban on passenger flights and the entire fleet is grounded.

  • BCG vaccine

    According to a  US-based research, a combination of reduced morbidity and mortality could make the Bacillus Calmette-Guerin (BCG) vaccination a “game-changer” in the fight against novel coronavirus.

    What is BCG Vaccine?

    • Bacillus Calmette–Guérin (BCG) vaccine is a vaccine primarily used against tuberculosis (TB).
    • In countries where TB or leprosy is common, one dose is recommended in healthy babies as close to the time of birth as possible.
    • In areas where tuberculosis is not common, only children at high risk are typically immunized, while suspected cases of tuberculosis are individually tested for and treated.

    How can TB vaccine help fight COVID-19?

    • The BCG vaccine contains a live but weakened strain of tuberculosis bacteria that provokes the body to develop antibodies to attack TB bacteria.
    • This is called an adaptive immune response, because the body develops a defense against a specific disease-causing microorganism, or pathogen, after encountering it.
    • Most vaccines create an adaptive immune response to a single pathogen.
    • Unlike other vaccines, the BCG vaccine may also boost the innate immune system, first-line defenses that keep a variety of pathogens from entering the body or from establishing an infection.

  • [pib] CCI Green Channel Route

    The Competition Commission of India (CCI) has received a request for merger of a company following green channel combination route.

    What is a Green Channel Route?

    • In a bid to facilitate mergers and acquisitions (combination) in the country, the Competition Commission of India (CCI) has taken inspiration from the customs department and established a ‘green channel’.
    • Every Combination above a certain threshold, seeking to be sanctioned has to necessarily pass the CCI scanner in order to be approved.
    • The CCI characterizes the ‘green channel’ as an automatic system of approval for Combinations wherein the Combination is deemed to be approved upon filing the notice in the format prescribed.
    • The ‘green channel automatic approval upon notification route’ is a right step by CCI towards the propaganda of ease of doing business in India.

  • Counter-cyclical Capital Buffers (CCyB)

    The RBI has announced that banks need not activate countercyclical capital buffers (CCyB) amid slowdown due to COVID-19 outbreak.

    What is Countercyclical Capital Buffer (CCyB)?

    • A capital buffer is a mandatory capital that financial institutions are required to hold in addition to other minimum capital requirements.
    • CCyB is the capital to be kept by a bank to meet business cycle related risks. It is aimed to protect the banking sector against losses from changes in economic conditions.
    • Banks may face difficulties in phases like recession when the loan amount doesn’t return.
    • To meet such situations, banks should have own additional capital. This is an important theme of the Basel III norms.

    CCyB framework in India

    • The framework on CCyB was put in place by the RBI in terms of guidelines issued in 2015 wherein it was advised that the CCyB would be activated as and when the circumstances warranted.
    • The framework envisages the credit-to-GDP gap as the main indicator, which is used in conjunction with other supplementary indicators.
    • It requires banks to build up a buffer of capital in good times, which may be used to maintain flow of credit to the real sector in difficult times.
    • The buffer was also meant to restrict the banking sector from indiscriminate lending in the periods of excess credit growth, which have often been associated with the building up of system-wide risk.

  • Ways and Means Advances (WMA)

     

    The RBI has raised the Ways and Means Advances, or WMA, limit by 30% for all States and UTs to enable them to tide over the crisis caused by COVID-19 outbreak.

    What are Ways and Means Advances?

    • The RBI gives temporary loan facilities to the centre and state governments as a banker to the government.  This temporary loan facility is called WMA.
    • It is a mechanism to provide to States to help them tide over temporary mismatches in the cash flow of their receipts and payments.
    • It was introduced on April 1, 1997, after putting an end to the four-decade-old system of adhoc (temporary) Treasury Bills to finance the Central Government deficit.
    • Under Section 17(5) of RBI Act, 1934, the RBI provides Ways and Means Advances (WMA) to the central and State/UT governments.

    How is WMA availed?

    • This facility can be availed by the government if it needs immediate cash from the RBI.
    • The WMA is to be vacated after 90 days.
    • The interest rate for WMA is currently charged at the repo rate.
    • The limits for WMA are mutually decided by the RBI and the Government of India.

    Types of WMA

    There are two types of WMA — (1) Normal and  (2) Special :

    • Special WMA or Special Drawing Facility is provided against the collateral of the government securities held by the state.
    • After the state has exhausted the limit of SDF, it gets normal WMA. The interest rate for SDF is one percentage point less than the repo rate.
    • The number of loans under normal WMA is based on a three-year average of actual revenue and capital expenditure of the state.

    Back2Basics

    How the govt. meets temporary cash needs?

    The fund deficit or cash-flow mismatches of the Government are largely managed through:

    1. Issuance of Treasury Bills
    2. Getting temporary loans from the RBI called Ways and Means Advances (WMA) and
    3. Issuance of Cash Management Bills (CMBs)
    • Treasury Bills are short term (up to one year) borrowing instruments of the Government of India which enable investors to park their short term surplus funds while reducing their market risk.
    • CMBs are short term bills issued by the central government to meet its immediate cash needs. The bills are issued by the RBI on behalf of the government having a maturity of less than 90 days.

  • Price Monitoring and Resource Unit (PMRU)

    The National Pharmaceutical Pricing Authority (NPPA) has set up price monitoring and resource unit (PMRU) in the UT of Jammu and Kashmir. With this J&K has become the 12th State/UT where the PMRU has been set up.

    Price Monitoring and Research Unit (PMRU)

    • It is a registered society set up for drug price monitoring.
    • PMRUs have already been set up by the drug price regulator NPPA in 11 states such as Kerala, Odisha, Gujarat, Rajasthan, Punjab, Haryana, Nagaland, Tripura, Uttar Pradesh, Andhra Pradesh and Mizoram.

    Its composition

    • The State Health Secretary would be the Chairman of the society and the Drugs Controller would be its member secretary.
    • Its members include a State government representative, representatives of private pharmaceutical companies, and those from consumer rights protection fora.
    • The society would also have an executive committee headed by the Drugs Controller.

    Terms of reference

    PMRU offers technical help to the State Drug Controllers and the NPPA to:

    • Monitor notified prices of medicines
    • Detect violation of the provisions of the DPCO
    • Look at price compliance
    • Collect test samples of medicines, and
    • Collect and compile market-based data of scheduled as well as non-scheduled formulations.

    Why need PMRU?

    • Pharma companies have been accused of overcharging prices of drugs in the scheduled category fixed by the DPCO and those outside its ambit too.
    • The suggestion to set up PMRUs was made against the backdrop of the lack of a field-level link between the NPPA and the State Drugs Controllers and State Drug Inspectors to monitor drug prices.

    Expected outcomes

    • The NPPA had fixed the prices of around 1,000 drugs and the unit would track if buyers were being overcharged.
    • It would also check if pharma companies were hiking the prices of non-scheduled drugs by more than 10% a year.
    • It will check if there is any shortage of essential medicines.

  • Fully Accessible Route (FAR)

    The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified government bonds with effect from April 1.

    Fully Accessible Route (FAR)

    • The move follows the Union Budget announcement that certain specified categories of government bonds would be opened fully for non-resident investors without any restrictions.
    • Under FAR, eligible investors can invest in specified government securities without being subject to any investment ceilings.
    • This scheme shall operate along with the two existing routes, viz., the Medium Term Framework (MTF) and the Voluntary Retention Route (VRR).

    Benefits

    • This will substantially ease access of non-residents to Indian government securities markets and facilitate inclusion in global bond indices.
    • This would facilitate inflow of stable foreign investment in government bonds.

    Back2Basics

    Voluntary Retention Route (VRR)

    1. RBI had announced a separate scheme called VRR to encourage Foreign Portfolio Investors (FPIs) to undertake long-term investments in Indian debt markets.
    2. Under this scheme, FPIs have been given greater operational flexibility in terms of instrument choices besides exemptions from certain regulatory requirements.
    3. The details are as under:
    • The aggregate investment limit shall be ₹ 40,000 crores for VRR-Govt and ₹ 35,000 crores for VRR-Corp.
    • The minimum retention period shall be three years. During this period, FPIs shall maintain a minimum of 75% of the allocated amount in India.
    • Investment limits shall be available on tap for investments and shall be allotted by Clearing Corporation of India Ltd. (CCIL) on ‘first come first served’ basis.