Tag: Union Government of India

New system of processing of the Insurance claims introduced Under ‘Pradhan Mantri Garib Kalyan Package (PMGKP): Insurance Scheme for Health Workers Fighting COVID-19’

As per PIB press release, The Union Government had already extended the ‘Pradhan Mantri Garib Kalyan Package (PMGKP) Insurance Scheme for Health Workers Fighting COVID-19’ for one year w.e.f 24.04.2021. However, States and other stakeholders had been raising the matter that the processing of the insurance claims was getting delayed. In order to cut down on these delays and to further streamline and simplify the processing of the insurance claims, it has been decided to start a new system for approval of claims as per which the due diligence will be done by State Governments at the level of District Collector. The District Collector in each case will be certifying that the claim is in accordance with SoP of the Scheme. On the basis of this certificate of the Collector, Insurance Company will approve and settle the claims within a period of 48 hours. Further, for the sake of uniformity and prompt disposal, the District Collector will also do due diligence and certify the claims even in case of Central Government hospitals/ AIIMS/ Railways etc. The Ministry of Health and Family Welfare has informed all States Governments and UT Administrations about this new system which comes into effect immediately.

It is to be noted that, ‘Pradhan Mantri Garib Kalyan Package (PMGKP) Insurance Scheme for Health Workers Fighting COVID-19’ was launched w.e.f. 30.03.2020 initially for a period of 90 days to provide comprehensive personal accident cover of Rs. 50 lakh to all healthcare providers, including community health workers and private health workers drafted  by the government for the care of Covid-19 patients and  for those who may have come in direct contact of COVID-19 patients and were at risk of being impacted by it. The scheme is being implemented through an Insurance policy from New India Assurance Company (NIACL). The insurance policy has been extended twice so far.

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Review of Accounts of Union Government of India for the month of April 2021published

The Monthly Account of the Union Government of India upto the month of April 2021 has been consolidated and reports published. As per the PIB press release, highlights are given below:-

  1. Receipt:- The Government of India has received Rs. 1,47,991 crore (7.49% of corresponding BE 21-22 of Total Receipts) for April 2021 comprising Rs. 1,30,811 crore Tax Revenue (Net to Centre),  Rs. 16,808 crore of Non Tax Revenue and Rs. 372 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consist of Recovery of Loans.
  2. Transferred to State Government:- .Rs. 39,175 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 6,864 crore lower than the previous year.
  3. Expenditure:- Total Expenditure incurred by Government of India is Rs. 2,26,690 crore (6.51% of corresponding BE 21-22), out of which Rs. 1,79,564 crore  is on Revenue Account and Rs. 47,126 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 29,671 crore is on account of Interest Payments and Rs. 37,369 crore is on account of Major Subsidies. 

Unaudited Accounts of the Union Government of India for the Financial Year 2020-21published

The Unaudited Accounts of the Union Government of India for the Financial Year 2020-21 has been consolidated and reports published. As per the PIB press release following are the highlights of the accounts:

  1. Receipts:- The Government of India has received Rs. 16,89,720 crore (105.50% of corresponding RE 20-21 of Total Receipts) during 2020-21 comprising Rs 14,24,035 crore Tax Revenue (Net to Centre), Rs. 2,08,059 crore of Non Tax Revenue and Rs. 57,626 crore of Non Debt Capital Receipts. Non Debt Capital Receipts of Rs. 57, 626 crore consist of Recovery of Loans (Rs. 19,729 crore) and Disinvestment Proceeds (Rs. 37,897 crore).
  2. Transferred to State Government:- Rs. 5,94,997 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 55,680 crore lower than the previous year.
  3. Expenditure:- Total Expenditure incurred by Government of India is Rs. 35,11,181 crore (101.76% of corresponding RE 20-21), out of which Rs. 30,86,360 crore  is on Revenue Account and Rs 4,24,821 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 6,82,079 crore is on account of Interest Payments and Rs 6,89,545 crore is on account of Major Subsidies.