Highlights |UPSC Exam Current Affairs 15-10-2019
Current Affairs and News (15-10-2019)- The following article contains all the updated events and news for IAS Preparation. Our daily IAS Current Affairs and News cover the most important topics to give precise information to the reader and IAS Aspirants.
- Economics Nobel
- Mother tongue for preschool
- SARAS Aajeevika Mela
- Typhoon Hagibis
- FASTags will work as Aadhaar, track vehicles
- Experimental approach to alleviating global poverty
- Financial stability and the RBI
Importance of Current Affairs in IAS Coaching
Watch Video – UPSC Exam Current Affairs 15-10-2019
Video Source – Shankar IAS Academy
find top institutes for IAS coaching
UPSC Exam Current Affairs 15-10-2019 are followed in the part below:
UPSC Exam Current Affairs and News Analysis (15-10-2019)
Economics Nobel
Part of: GS Prelims and GS Mains III – Economy
In News
- The Royal Swedish Academy of Sciences has chosen to grant the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, famously called the Nobel Prize in Economics, to Abhijit Banerjee, Esther Duflo, and Michael Kremer
- They were granted “for their test way to deal with easing worldwide neediness”
- The investigation based methodology of the laureates included separating an issue into littler and increasingly sensible inquiries
- They have indicated that littler and progressively exact inquiries are regularly best replied through painstakingly structured investigations among the individuals who are the most influenced
- In the mid-1990s Dr. Kremer and his associates showed how incredible this methodology can be the point at which they utilized field examinations to test the scope of mediations that could improve school brings about Western Kenya
- Effect on Policy
- Research encompassing medicinal coaching gave contentions to enormous scale bolster programs that have now arrived at in excess of 5,000,000 youngsters in India
- Their investigations indicated that deworming gives clear medical advantages to younger students yet additionally that guardians are valued touchy. This drove the WHO to suggest that drug ought to be disseminated for nothing to more than 800 million younger students living in zones where over 20% of them have a particular sort of parasitic worm contamination
- Their examinations cleared path for overwhelming endowments for preventive social insurance that have been presented in numerous nations
Mother tongue for preschool
Part of: GS Prelims and GS Mains II – Education
In News
- The first-historically speaking preschool educational plan was discharged by the National Council of Educational Research and Training (NCERT)
- The NCERT’s new educational plan is focused on all pre-school training, characterized as the instruction of 3 to 6-year-olds, regardless of whether at Anganwadis, nursery schools, kindergartens, playschools or Montessori schools.
- It suggests that children between the ages of three and six years ought to be educated in their very own primary languages
- Additionally, the attention on learning ought to be through play as opposed to being exposed to repetition learning, tests, and assessments.
- The draft National Education Policy has prescribed that the Right to Education Act be stretched out to understudies in the three years of preschool before Class I.
Cataract major cause of blindness above 50
Part of: GS Prelims and GS Mains II – Health
In News
- As indicated by the National Blindness and Visual Impairment Survey of India (2015-19), Cataract is the chief reason for visual deficiency for individuals over 50 years in India
- The hindrances to getting to treatment incorporate the accompanying — nobody to go with [the patient], regular inclinations, and money related requirements.
- Waterfall is the reason for 66.2% instances of visual deficiency, 80.7% instances of serious visual hindrance, and 70.2% instances of moderate visual debilitation in the age gathering.
- Additionally, visual deficiency is increasingly articulated among unskilled (3.23%) than literates (0.43%) and progressively common in the country populace (2.14%) than urban (1.80%)
- What aggravates this for India is the way that around 93% of instances of visual deficiency and 96.2% visual hindrance cases in this age bunch were avoidable.
About Cataract
- A waterfall is a blurring of the focal point in the eye which prompts a lessening in vision. Waterfalls frequently grow gradually and can influence one or two eyes.
- Side effects may incorporate blurred hues, hazy or twofold vision, coronas around light, issue with brilliant lights, and inconvenience seeing around evening time
SARAS Aajeevika Mela
Part of: GS Prelims and Mains GS-II – Self-Help Groups
In News
- It is an activity by the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
- Its goal is to carry the country ladies SHGs framed with help of DAY-NRLM, under one stage to showcase their aptitudes, sell their items and assist them with building linkages with mass purchasers.
- Through this mela, country SHG ladies get crucial national level presentation to comprehend the interest and taste of urban clients.
- It is sorted out by the Council for Advancement of People’s Action and Rural Technology (CAPART), the advertising arm of the Ministry of Rural Development.
Typhoon Hagibis
Part of: GS Prelims and Mains GS-I – Geography
In News
- Hagibis, which signifies “speed” in the Philippine language, is a super storm whirling around Japan.
- It made landfall in the Izu Peninsula, south-west of Tokyo and climbed the east coast.
- It prompted Chikuma waterway rupturing their banks immersing private neighborhoods and the heavy downpour activated avalanches.
- The tropical storm caused an aggregate of 48 avalanches in 12 prefectures and at the tempest’s pinnacle, in excess of 7,000,000 individuals were submitted under non-obligatory clearing requests.
- After it made its landfall, an extent 5.7 seismic tremor shook Tokyo soon after.
- Storms, twisters, and typhoons are all fundamentally something very similar, however, they are given various names relying upon where they show up.
- Sea tempests are hurricanes that structure over the North Atlantic Ocean and Northeast Pacific.
- Violent winds are framed over the South Pacific and Indian Ocean.
- Tropical storms are framed over the Northwest Pacific Ocean.
- willy-willy is shaped in south-west Australia.
FASTags will work as Aadhaar, track vehicles
Part of: GS Prelims and Mains GS-II – Governance
In News
- ‘A FASTag utilizes Radio Frequency Identification innovation to make cashless installments through a prepaid record connected to it.
- The tag is fixed to the windscreen of a vehicle and an RFID reception apparatus in the overhang of the cost door examines the QR code and the label distinguishing proof number, after which the blast boundary lifts to enable a vehicle to go through it without the requirement for a vehicle to stop.
- A FASTag is connected to a financial balance. At the point when a vehicle goes through a cost, an SMS with date, time and spot of exchange will be sent to the proprietor of the vehicle.
- The ace information of all exchanges will be with the concessionaire of the fee collection counter worried, alongside the manage an account with which the proprietor has enrolled the FASTag and the National Payments Corporation of India
- FASTags are probably going to lessen the country’s GDP misfortune by cutting down loss of fuel while holding up at cost squares.
- Cameras at fee collection counters will take photographs of travelers in a vehicle, which can be valuable for the Ministry of Home Affairs as there will be a record of a vehicle’s development.
- The Union Government has engaged every one of the States to receive the innovation with the goal that the whole framework could go under the National Electronic Toll Collection program
(MAINS FOCUS)
ECONOMY
TOPIC: General Studies 3:
- Indian Economy and issues identifying with arranging, activation of assets, development, advancement, and business.
- Comprehensive development and issues emerging from it.
Experimental approach to alleviating global poverty
- The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been granted together to Abhijit Banerjee, Esther Duflo, and Michael Kremer “for their exploratory way to deal with lightening worldwide neediness”.
- The three received a proof-based way to deal with apply hypothesis to genuine circumstances utilizing randomized preliminaries and evaluating the results.
- The exertion was to comprehend the effect of intercessions to accomplish attractive results.
- The methodology is gotten from the idea of clinical preliminaries in the pharmaceuticals business.
“new experiment-based” approach:
- The “new, useful asset” utilized by the Laureates is the utilization of Randomized Control Trials (or RCTs). So on the off chance that one needed to comprehend in the case of giving a portable immunization van as well as a sack of grains would boost residents to inoculate their children, at that point under an RCT, town families would be partitioned into four gatherings.
- Gathering A would be given a versatile immunization van office, Group B would be given a sack of foodgrains, Group C would get both, and Group D would get not one or the other.
- Families would be picked aimlessly to guarantee there was no predisposition, and that any distinction in inoculation levels was basically a result of the “intercession”.
- Gathering D is known as the “control” gathering while others are classified “treatment” gatherings. Such a test would show whether an approach activity works, however, would likewise give a proportion of the distinction it achieves.
- It would likewise show what happens when more than one activity is joined. This would assist policymakers with having the proof before they pick an approach.
Critics:
- Angus Deaton, the champ of the Economics Nobel in 2015, who said “randomization doesn’t even out two gatherings”, and cautioned against over-dependence on RCTs to outline arrangements.
- While arbitrarily appointing individuals or family units makes it likely that the gatherings are identical, randomization “can’t ensure” it. That is on the grounds that one gathering may perform uniquely in contrast to the next, not on account of the “treatment” that it has been given, but since it has more ladies or increasingly instructed individuals in it.
- All the more on a very basic level, RCTs don’t ensure if something that worked in Kerala will work in Bihar, or if something that worked for a little gathering will likewise work at scale.
Case study:
- A few years prior would clarify the idea better. Regardless of inoculation being free, ladies were not getting their kids for the immunization shot.
- The two MIT market analysts chose to give a pack of heartbeats allowed to ladies who brought their infants for immunization.
- Word before long spread and the pace of vaccination shot up in the locale.
Conclusion:
- Governments over the world, remembering for India, spend huge cash on social plans without the vaguest of thoughts on whether their destinations have been met.
- The field-work based methodology that these financial experts have consummated has changed the field of improvement financial aspects and made it progressively pertinent in arrangement making.
- The legislature would do well to acquire from the exploration of these laureates to comprehend the effect of its few plans, and where vital, change them to determine the most extreme advantage for the huge number of crores of rupees that it spends.
Connecting the dots:
- New investigation based methodology has changed the advancement of financial aspects. Legitimize
ECONOMY
TOPIC: General Studies 3:
- Indian Economy and issues identifying with arranging, activation of assets, development, improvement, and business.
- Comprehensive development and issues emerging from it.
Financial stability and the RBI
Context:
- The easing back of the economy recommends that the national bank’s position on swelling may have affected development
Recent measures taken by MPC:
- The Reserve Bank of India (RBI) cut the repo rate or key loaning rate by 25 premise focuses while keeping up an accommodative position.
- The switch repo rate was diminished to 4.9%.
- The Monetary Policy Committee (MPC) likewise cuts GDP development estimate for the current financial year 2019-20 to 6.1% from 6.9% prior.
- A repo rate slice enables banks to diminish financing costs for shoppers and brings down equivalent regularly scheduled payments on home credits, vehicle advances, and individual advances.
- National banks the world over are relaxing financial approach to balance a worldwide log jam exacerbated by U.S.- China exchange strains
- RBI will investigate agreeable bank guidelines and take it up with the legislature
- The RBI has enabled local banks to unreservedly offer outside trade (forex) costs to NRIs
- The proceeding with lull warrants strengthened endeavors to reestablish the development of energy.
- On the emergency in the Punjab and Maharashtra Cooperative Bank (PMC), the RBI representative said one episode can’t be and ought not to be utilized, to sum up, the soundness of the co-usable financial segment.
- PCA (Prompt Corrective Action) is an open door for the bank to address itself.
- Offered individuals from the general population and all investors that our financial framework stays sound and stable, there is no explanation behind superfluous frenzy.
- RBI has chosen to make a different class of NBFC, viz., Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI).
- It recognized “the negative yield hole has extended further”
Negative output gap:
- A negative yield hole demonstrates a surplus limit in the economy. An enlarging of this hole implies the business can’t utilize quite a bit of its ability because of poor interest.
What is Prompt Corrective Action?
- To guarantee that banks don’t go belly up, RBI has set up some trigger focuses to survey, screen, control and take restorative activities on banks which are feeble and disturbed.
- The procedure or instrument under which such moves are made is known as Prompt Corrective Action or PCA.
Present scenario:
- Swelling is well inside the objective offering space to the RBI to concentrate on development
- Raw petroleum costs are back in the safe place, withdrawing from the spike in mid-September, and nourishment costs are anticipated to stay delicate on the rear of a decent storm.
Central bank in west:
- Reflects two things: the political intensity of money related premiums in the U.S. economy and the worldwide scholarly impact of the American financial model.
- This model rotates around the objective of the greatest formation of riches by private people unhampered by cultural destinations.
- No equivalent circulation
- The goal of guaranteeing the strength of the economy is permitted to come in the method for private people seeking after riches upgrade.
- This model expects of the administration just one activity, to be specific, the control of swelling.
Inflation:
- Unexpected expansion is the issue for makers, as it can possibly wreck their benefit counts.
- In the event that completely envisioned, it can hurt holders of money related resources yielding fixed salaries by disintegrating their riches.
- Borrowers then again are in an ideal situation with swelling as the genuine estimation of their remarkable credits is currently less.
- This can be handled through swelling indexation, the training isn’t far-reaching. This leaves proprietors of money related riches loath to expansion.
Indexation is a procedure to modify pay installments by methods at some cost list, so as to keep up the obtaining intensity of general society after swelling, while deindexation is the loosening up of indexation.
Inflation control:
- At the point when swelling control is executed through a financial arrangement, it brings about higher loan costs.
- Administrators of budgetary riches entryway for such an approach for their customers.
- This campaigning is the starting point of the strategy of expansion focusing on.
- Expansion focusing by the national bank includes utilization of the financing cost to monitor swelling.
- it let go of the business target and the national bank isn’t responsible for joblessness
- in circumstances where development, work, and expansion are mutually decided, swelling focusing on by means of the loan fee can bring down swelling just by smothering development
- This is the instrument by which swelling focusing on unavoidably brings down development.
Way forward:
- The open guideline, which sets points of confinement to private movement, is dismissed as a superfluous impedance in advantageous action that amplifies social addition and is in this manner to be kept away from
Conclusion:
- Governments over the world, remembering for India, spend enormous cash on social plans without the vaguest of thoughts on whether their destinations have been met.
- The field-work based methodology that these business analysts have idealized has altered the field of advanced financial matters and made it progressively applicable in approach making.
- The legislature would do well to acquire from the exploration of these laureates to comprehend the effect of its few plans, and where important, change them to infer the greatest advantage for the huge number of crores of rupees that it spends.
Connecting the dots:
- The easing back of the economy proposes that the national bank’s position on swelling may have affected development. Analyze
(TEST YOUR KNOWLEDGE)
Model questions: (You can now post your answers in the comment section)
Note:
- Featured Comments and comments Up-voted by whataftercollege are the “correct answers”.
Q.1) FASTag often seen in the news is related to which of the following area?
- Tiger census
- E-governance tracking
- Toll collection
- None of the above
Q.2)Consider the following statements about SARAS Aajeevika Mela
- It is an initiative by the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
- Its objective is to bring the rural women SHGs formed with the support of DAY-NRLM, under one platform to showcase their skills, sell their products and help them build linkages with bulk buyers.
- It is organised by NITI Aayog in collaboration with NABARD and state governments
Which of the statement(s) given above is/are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1,2 and 3
Q.3)Consider the following statements about The Sveriges Riksbank Prize in Economic Sciences
- Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in 1968, in Memory of Alfred Nobel, founder of the Nobel Prize
- The 2019 prize was awarded to three scholars for their experimental approach to alleviating global poverty
Which of the statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Importance of Current Affairs in IAS Coaching
Check out more IAS Coaching Current Affairs
Also, Check Out the All the Details about the IAS Exam
