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DAILY NEWS ANALYSIS

Monthly DNA

17 Feb, 2021

12 Min Read

Ngozi Okonjo-Iweala is the New WTO Head

GS-III : Economic Issues WTO

Ngozi Okonjo-Iweala is the New WTO Head

Ngozi Okonjo-Iweala has been appointed the new chief of the World Trade Organization, becoming the first woman to ever lead the institution and the first African citizen to take on the role.

Roles and functions of Director General of WTO:

  • The director-general of the World Trade Organization is the officer of the World Trade Organization responsible for supervising and directing the organization’s administrative operations.
  • The Director-General has little power over matters of policy – the role is primarily advisory and managerial.
  • The Director-General supervises the WTO secretariat of about 700 staff and is appointed by WTO members for a term of four years.

Source: TH

Pradhan Mantri Jeevan Jyoti Bima Yojana & Pradhan Mantri Suraksha Bima Yojana

GS-II : Government policies and interventions Government policies and interventions

Pradhan Mantri Jeevan Jyoti Bima Yojana & Pradhan Mantri Suraksha Bima Yojana

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)

PMSBY (Pradhan Mantri Surakhsa Bima Yojana)

PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is a life insurance scheme.

PMSBY (Pradhan Mantri Suraksha Bima Yojana) is an accidental insurance scheme.

The age limit for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is minimum 18 years and maximum 50 years.

The age limit for PMSBY (Pradhan Mantri Suraksha Bima Yojana) is minimum 18 years and maximum of 70 years.

The annual premium for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) is Rs 330. The premium could vary depending on the prevailing tax rates, age and location.

The annual premium for PMSBY (Pradhan Mantri Suraksha Bima Yojana) is Rs 12. Please note premium could vary depending on location, prevailing GST rates, and age.

As per PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana), cover for the death of the insured is given regardless of the cause of the death. The money would be paid to the nominee in case of death of the insured.

PMSBY (Pradhan Mantri Suraksha Bima Yojana) provides cover for death or disability by an accident. The money would be paid to the nominee in case of death of the insured.

Some of the similarities between PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) and PMSBY (Pradhan Mantri Suraksha Bima Yojana) are given below.

  1. Both the above schemes have tax benefits i.e the premium paid is tax-free.
  2. Both the above policies PMJJBY and PMSBY will not lapse in case the premium is not paid.
  3. PMJJBY and PMSBY are Government-backed insurance schemes, and it can be availed by all the residents of India, irrespective of their incomes. Both the schemes were introduced by the Government
  4. Both the above schemes, PMJJBY and PMSBY are available in Private and Public Sector banks. Need to have a Savings Bank Account to avail the schemes.

Source: TH

Maharaja Suheldev

GS-I : Art and Culture Art and Culture

Maharaja Suheldev

  • Suheldev was a legendary medieval-era warrior-king.
  • He is mentioned in Mirat-i-Masudi. According to the legend, Suhaldev was the eldest son of King Mordhwaj of Shravasti, during the 11th century.
  • Though his historical existence is shrouded in mystery, he is today popular as a caste icon among the Rajbhars (OBC) and the Pasis (second largest Dalit caste in U.P.), both of whom have been competing for his legacy.
  • According to critiques, BJP over the years aggressively tried to portray Suheldev as a Hindutva warrior who stopped the march of Muslim invader Ghazi Mian, a nephew of Mahmud Ghaznavi, in Bahraich and halted the spread of Islam in the region.

Source: TH

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