Current Affairs: July 01, 2020

Notes:
The Union Health Ministry had constituted a committee headed by NITI Aayog member V K Paul. As per the recommendations of the committee, the Delhi health department has prepared a new Covid-19 response plan.
As a part of the plan, a serological survey to carry out a comprehensive analysis of the spread of Covid-19 in Delhi began in some parts of the city. The exercise, that will test 20,000 people to find anti-bodies, will be carried out jointly by the National Centre for Disease Control (NCDC) and the Delhi government.

Notes:
A team of engineers at Indian Institute of Science (IISc) had developed an intensive care unit (ICU) grade ventilator under the name of ‘Project Praana’.
Recently, the team has successfully completed the prototyping of the ventilator, which is now in the process of being commercialised. The affordable ventilator uses only components made in India or components which are easily available in the domestic markets. The team developed the ventilator in a record 35 days.

Notes:
The state government of Madhya Pradesh has formed a dedicated commission to create employment opportunities for the migrant labourers.
Named as the Madhya Pradesh State Migrant Labourer Commission (MPSMLC), it aims to create jobs to those who have returned from other parts of the country during the Covid 19-induced lockdown. The state government will nominate the chairman of the commission, which will suggest measures for the welfare of migrant labourers.

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According to the guidelines issued by the insurance regulator, the Insurance Regulatory and Development Authority (IRDAI) has directed the general and health insurance companies to offer one short-term Covid-19 policy.
Named as the “Corona Kavach Policy”, the standard health policy would have a tenure period of 3.5 months to 6.5 months, and 9.5 months. As per the guidelines, the mode of payment would be a single premium. Another policy called Corona Rakshak, a standard benefit policy is also to be launched.

Notes:
The Union Government has announced the launch of Taxable Floating Rate Savings Bonds, 2020, that will be available for subscription for retail investors from July 1, 2020.
The bonds are issued by the Reserve Bank of India on behalf of the Government, replacing the recently withdrawn 7.75% bonds. The interest rate on these bonds will be reset every six months while the initial rate of interest is fixed at 7.15 per cent. The bonds shall be repayable on the expiration of seven years from the date of issue.