Skip to main content

Families First Coronavirus Response Act ;US


Trump signs emergency coronavirus relief bill into law


Background

United States President Donald Trump has signed a multi-billion dollar emergency coronavirus economic relief bill, hours after it was passed by the US Senate.

Details
➤The Families First Coronavirus Response Act, which was passed by a vote of 90-8 in the US Senate, provides for free testing of COVID-19, insurance, paid leave for those diagnosed with or caring for someone affected by the virus.

➤The [Families First Coronavirus Response Act] makes emergency supplemental appropriations and other changes to law to help the Nation respond to the coronavirus outbreak.

 This is the second such legislaslative passed by the US Congress to address the COVID-19 outbreak.

➤It had passed a USD 8.3 billion package of relief measures to fund free COVID-19 tests, meals for children who would normally receive food at now-shuttered schools, accelerated vaccine research, expanded unemployment benefits and aid for health departments in individual US states.
To know more visit- The economic times





Comments

Popular posts from this blog

Tax on disability pension

 Tax on disability pension The government has withdrawn a circular of February 20 that had directed banks to deduct income tax on pension and disability benefits provided to disabled retired military personnel. Previously   Although the letter provided exemption to those invalidated from service due to bodily disabilities, the sudden deduction of tax liabilities by the banks led to a public outrage, forcing the government to keep the decision in abeyance. Also Ø The entire pension and disability element of pension in all the categories is exempt from payment of income tax. Ø But the Central Board of Direct Taxes{CBDDT} had said that tax exemption on disabilities pension would be available only to personnel who had been invalidated from service and not to personnel who had retired otherwise.     

Mukesh Ambani no more Asia's richest man

According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma , the founder of e-commerce major Alibaba Group has toppled Ambani to get the top spot in Asia Background The persivering concerns of severe impact of the coronavirus epidemic coupled with the recent carnage in the oil markets  have erased $5.8 billion from the RIL chief's net worth. Stock markets across the world have been feeling the heat . Be it India or US , stock prices have come tumbling down because of coronavirus and fluctuation in the crude oil prices. Details ➤ Ambani's current net worth amounts to $41.8 billion, while that of  Jack Ma  stands at $44.5 billion. Globally, Ambani is the 19th richest man just behind  Jack Ma  who is at the 18th rank. ➤ The shares of  Reliance Industries  (RIL) recorded its worst fall in around 10 years on Monday as it fell to a low of Rs 1,094.95 per share. what is bloomberg billionaires index? ➤  The...

Antarctica experiences first known heat wave

Researchers from the Australian Antarctic Program revealed that they had recorded temperatures as high as 9.2 degrees Celsius at Casey station in the continent east earlier this year, indicating a heatwave event. Background Heat waves are classified as three consecutive days with both extreme maximum and minimum temperatures. Between January 23 and 26, the station recorded minimum temperatures above zero degrees Celsius and a maximum temperature of 9.2 degrees Celsius. Details ➤ Scientists are concerned about the effect that the heat wave could have on Antarctica’s ecology,  both positive and negative. ➤ Most life exists in small ice-free oases in Antarctica, and largely depends on melting snow and ice for their water supply. ➤ Melted ice flooding can provide additional water to these desert ecosystems, leading to increased growth and reproduction of mosses, lichens, microbes and invertebrates. However excessive flooding can dislodge plants and alter the co...