Current Affairs 14th June 2017

Diplomatic ties with Taiwan cut by – Panama
100 AYUSH hospitals across country to be set up by – The Centre
Management of Sahara India Life Insurance Company over taken by – IRDAI

Diplomatic ties with Taiwan cut by – Panama

Central American nation, Panama has cut its long-standing ties with Taiwan and established its diplomatic relations with China. The Panamanian government informed that it recognised there was “only one China” and considered Taiwan part of it.

Important Points

The switch was made official after Panama’s foreign minister signing a communiqué with her Chinese counterpart Wang Yi on 13th June 2017 in Beijing.
This move will leave Taiwan with just 20 diplomatic allies.
He further added that signing up to Beijing’s “One China” principle would generate a great potential in all the areas including investment and creation of jobs.
Chinese foreign minister talked about the development as a historic moment and said that Panama’s decision was in complete accordance with the interest of its people
The came at a time when China has stepped up its efforts to isolate the self-governing island that it considers as a part of its own territory.

100 AYUSH hospitals across country to be set up by – The Centre

The Centre has approved proposals for setting up of 100 Ayurveda, Siddha, Unani, and Homeopathy (AYUSH) hospitals across the nation. Minister of state for AYUSH, Shripad Yesso Naik revealed the same. The Minister said that during the last three years the Union government had approved posting of 4000 AYUSH doctors in primary health centres across the country. He added that their salaries are being paid by the Union government.

Key Highlights

The minister further added that an AYUSH hospital equivalent to AIIMS would be opened within a month in New Delhi.
The Union Ministry had approved setting up of two 50-bedded integrated AYUSH hospitals at Tiruvannamalai and Theni districts in Tamil Nadu.
Funds of Rs 283.6 lakh have been released out of sanctioned amount of Rs 563 crore for development and conservation of medicinal plants across Tamil Nadu.

Management of Sahara India Life Insurance Company over taken by – IRDAI

IRDAI (The Insurance Regulatory and Development Authority of India) has announced taking over the management of the Sahara India Life Insurance Company. Insurance regulator, IRDAI in an order issued in New Delhi on 12th June 2017 said that Subrata Roy run insurer was “acting in a manner” prejudicial to the interest of subscribers.

IRDA appointed RK Sharma (GM (F&A-NL)) as the administrator of Sahara India Life Insurance Company to manage the insurer affairs with an immediate effect by exercising the powers granted under section 52 A of the Insurance Act, 1938. The Administrator shall conduct the business management of the insurer as per applicable provisions of the Insurance Act, 1938.