01 September 2018: UPSC Exam PIB Summary & Analysis

Read the daily PIB update and stay up-to-date on current affairs for the UPSC exam

PM launches India Post Payments Bank

  • The function was witnessed at over 3000 locations across the country, which were connected to the main event in Delhi.
  • PM recalled that the Union Government had earlier rolled out the Jan Dhan Yojana to establish financial inclusion. He said IPPB branches have opened across 650 districts.
  • The Prime Minister said that the postman has long been a respected and accepted person in the villages. He said the trust on the postman remains, despite the advent of modern technology.
  • He said that the Government’s approach is to reform existing frameworks and structures, and hence, transform them in accordance with the changing times. He said that there are over 1.5 lakh post offices and over three lakh postmen or “grameen dak sevaks” who are connected to the people of the country. Now they shall be empowered with smartphones and digital devices to provide financial services.

Benefits of IPPB:

  • It will enable money transfer, transfer of government benefits, bill payments and other services such as investment and insurance.
  • Postmen would deliver these services at the doorstep.
  • IPPB will also facilitate digital transactions, and help deliver the benefits of schemes such as Pradhan Mantri Fasal Bima Yojana, which provide assistance to farmers.

Vice President of India, Shri M. Venkaiah Naidu on Research & innovation in agriculture

  • Research and innovation in the field of agriculture must reach farmers. He has urged scientists and researchers to collaborate with farmers to make agriculture more affordable and viable.
  • Empowering farmer and strengthening agriculture would help in developing rural India
  • Farming technique tested across Andhra Pradesh can be a model for sustainable agriculture as it reduces the heavy input cost on agriculture and help boost productivity. The Zero Budget Natural Farming has the potential to enhance the income or profit margins for farmers who are often under distress owing to debt.
  • Called on both farmers, officials and scientists to make united efforts to facilitate farmers understand new technologies and reduce input cost of agriculture.

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