Highlights |UPSC Exam Current Affairs 01-02-2020
UPSC exam current affairs 01-02-2020 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.
- 34th Surajkund International Crafts Mela inaugurated
- Indian Economy
Importance of Current Affairs in IAS Coaching
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UPSC Exam Current Affairs 01-02-2020 are followed in the part below:
UPSC Exam Current Affairs and News Analysis (01-02-2020)
34th Surajkund International Crafts Mela inaugurated
Part of: GS Prelims and GS-I- Culture
In News
- The mela is held in Faridabad, Haryana and this year accomplice nation is Uzbekistan and Himachal Pradesh is the topic state
- It is being composed since 1987 to feature the extravagance and a decent variety of crafted works, handlooms and social legacy of India.
- Surajkund (exacting significance is ‘Pool of the Sun’) is a fake (‘Kund’ signifies “lake” or repository) which is said to have been worked by the King Surajpal of Tomar line in the tenth century.
- Surajkund is situated on Southern Delhi Ridge of Aravalli go in Faridabad city of Haryana.
Economic Survey
Part of: GS Prelims and GS-III- Economy
In News
- The Economic Survey 2019-20 with the topic of moral riches creation was postponed in the Parliament by the Union Minister for Finance. (Details in the mains area)
About the Economic Survey
- It is an official government’s report on the condition of the economy in the previous year, the key difficulties it envisions, and their potential arrangements.
- The archive is set up by the Economics Division of the Department of Economic Affairs (DEA) under the direction of the Chief Economic Adviser (CEA)
- Government isn’t will undoubtedly display the Economic Survey or to follow the proposals that are made in it.
Beijing Declaration – 25 years of adoption
Part of: GS Prelims and GS-I- Society
In News
- The Beijing Declaration was a goal received by the UN toward the finish of the Fourth World Conference on Women in 1995.
- The goals embraced to declare a lot of standards concerning the fairness of people.
- It was a basic defining moment on the planet’s emphasis on sex balance and the strengthening of ladies.
Huduma Namba – Kenya’s UID
Part of: GS Prelims and GS-I- International Affairs
In News
- New advanced ID framework (NIIMS) has been propelled by Kenyan government whereby every resident will be doled out a Unique Identification Number (UID) or the “Huduma Namba” (as it is alluded to in Swahili)
- National Integrated Identity Management System (NIIMS) is imagined as a national populace register which will be the single wellspring of data about Kenyan residents and outsiders inhabitant in the nation
- Information gathered for the motivations behind the Huduma Namba incorporates spot of the birth, parentage, conjugal status, instruction foundation, business status and biometrics including fingerprints and a photo.
- Kenya has kept up that enrolling in NIIMS will be important to approach every open help, for example, human services, lodging, casting ballot rights, driving permit and identification making it troublesome and a few cases difficult to quit the framework.
Think!
India’s Aadhar ecosystem
Brexit
Part of: GS Prelims and GS-I- International Affairs
In News
- Britain has authoritatively left the European Union (EU) and has become the main nation to leave the 28-part alliance.
- Be that as it may, nothing will change promptly as a result of the 11-month progress period (till Dec 31, 2020) haggled as a component of an EU-UK leave bargain, 2019.
- During the change, the UK will be formally out of the EU and not be spoken to on EU bodies however would, in any case, have indistinguishable commitments from an EU part. That remembers staying for the EU customs association and the single market, adding to the EU’s spending limit and adhering to EU law.
OCI Cardholders
Part of: GS Prelims and GS-II- Indian Polity
In News
- Association government has told the Delhi High Court that Overseas Citizen of India (OCI) cardholders detest basic rights ensured by the Constitution.
- The class was presented by the legislature in 2005. :
- Was a citizen of India on or after 26th January 1950; or
- Was eligible to become a citizen of India on 26th January 1950; or
- Is a child or grandchild of such a person, among other eligibility criteria.
- Additionally, a candidate isn’t qualified for the OCI card on the off chance that he, his folks or grandparents have ever been a resident of Pakistan or Bangladesh.
- OCI cardholders have been only conceded statutory rights under Citizenship Act,1955
- The Government of India through Citizenship (Amendment) Act, 2015 consolidated the Person of Indian Origin (PIO) class with OCI classification in 2015.
Benefits to OCI Cardholders
- OCI cardholders can enter India on various occasions, get a multipurpose deep-rooted visa to visit India, and are absolved from enlisting with Foreigners Regional Registration Office (FRRO).
- In the event that an individual is enrolled as an OCI for a time of five years, he/she is qualified to apply for Indian citizenship.
- OCI cardholders can open exceptional financial balances in India, purchase the non-ranch property and exercise possession rights and can likewise apply for a PAN card.
Limitations of OCI cardholders
- OCI cardholders don’t get casting ballot rights, can’t hold an administration occupation and buy rural or farmland.
- They can’t make a trip to limited zones without government authorization.
(MAINS FOCUS)
Indian Economy
Topic: General Studies 3:
- Government Budgeting.
- Indian Economy and issues identifying with arranging, assembly, of assets, development, improvement and business.
Key Highlights of the Economic Survey 2019-20 – Part I
Pic Source: India Today
WEALTH CREATION: THE INVISIBLE HAND SUPPORTED BY THE HAND OF TRUST
The exponential ascent in India’s GDP and GDP per capita post-progression matches with riches age. Additionally, the changed parts became altogether quicker than the shut ones.
The study recommends reinforcing the undetectable hand by elevating professional business approaches to:
- Give equivalent chances to new participants.
- Empower reasonable challenge and straightforwardness working together.
- Dispose of arrangements pointlessly undermining markets through government mediation.
- Empower exchange for work creation.
- Productively scale-up the financial segment.
- Presenting trust as an open decent, which gets improved with more prominent use.
- Approaches must engage straightforwardness and compelling requirement utilizing information and innovation.
ENTREPRENEURSHIP AND WEALTH CREATION AT THE GRASSROOTS
India positions third in various new firms made, according to the World Bank. About 1.24 lakh new firms made in 2018, an expansion of around 80 % from around 70,000 of every 2014.
A 10% expansion in the enlistment of new firms in an area yields a 1.8 % expansion in Gross Domestic District Product (GDDP). Business enterprise at area level significantly affects riches creation at the grassroots.
Proficiency and training in an area cultivate nearby business enterprise altogether: New firm development is the least in eastern India with the most reduced education rate (59.6 % according to 2011 Census).
PRO-BUSINESS VERSUS PRO-MARKETS
India’s yearning to turn into a $5 trillion economy relies fundamentally upon advancing “star business” strategy and weaning endlessly from “genius friend” approach, that may support explicit private premiums, particularly ground-breaking officeholders.
Seen from the focal point of the Stock market, inventive pulverization expanded fundamentally post-progression:
- Prior to advancement, a Sensex firm expected to remain in it for a long time, which diminished to just 12 years after progression.
- Post Liberalization, at regular intervals, 33% of Sensex firms are produced, mirroring the nonstop flood of new firms, items and advancements into the economy.
Genius cohort arrangements, for example, optional distribution of normal assets till 2011 prompted lease looking for by recipients while the serious allotment of a similar post-2014 finished such lease extraction.
Colleague loaning that prompted wilful default, wherein advertisers all things considered redirected riches from banks, prompted misfortunes that smaller person endowments for rustic advancement.
UNDERMINING MARKETS: WHEN GOVERNMENT INTERVENTION HURTS MORE THAN IT HELPS
Four examples of anachronistic government interventions:
- Fundamental Commodities Act (ECA), 1955 misshapes
- The motivators for the production of the capacity framework by the private area.
- Development up the rural worth chain.
- Advancement of the national market for agrarian products.
- With attacks having horrifyingly low conviction rate and no effect on costs, the ECA just appears to empower lease chasing and provocation.
- Medication Price Control under ECA:
- The guideline of costs of medications, through the DPCO 2013, prompted an expansion in the cost of the controlled pharmaceutical medication opposite that of an unregulated however comparative medication.
- Arrangement: Government, being an immense purchaser of medications, can mediate all the more viably to give reasonable medications by consolidating every one of its buys and practising its haggling power.
- Government intercession in Grain markets:
- Policies in the food-grain markets led to:
- The emergence of Government as the largest procurer and hoarder of rice and wheat.
- Crowding out of private trade.
- Burgeoning food subsidy burden
- Inefficiencies in the markets, affecting the long-run growth of the agricultural sector.
- The nourishment grains arrangement should be dynamic and permit changing from physical taking care of and appropriation of nourishment grains to money moves/nourishment coupons/brilliant cards
- Obligation waivers: Analysis of obligation waivers given by States/Center:
- Full waiver recipients expend less, spare less, contribute less and are less profitable after the waiver, contrasted with the halfway recipients.
- Obligation waivers upset the credit culture.
- They lessen formal credit stream to exactly the same ranchers, in this manner invalidating the point.
Creating Jobs and Growth by Specializing in Network Products
- Study says India has a remarkable chance to diagram a China-like, work escalated, send out direction.
- By coordinating “Amass in India for the world” into Make in India, India can:
- Raise its export market share to about 3.5 % by 2025 and 6 % by 2030
- Create 4 crore well-paid jobs by 2025 and 8 crores by 2030.
- The survey suggests a strategy similar to the one used by China to grab this opportunity:
- Specialization at large scale in labour-intensive sectors, especially network products.
- A laser-like focus on enabling assembling operations at mammoth scale in network products.
- Export primarily to markets in rich countries.
- Trade policy must be an enabler
(TEST YOUR KNOWLEDGE)
Model questions: (You can now post your answers in the comment section)
Q.1) Consider the following statements about Economic Survey
- It is an official government’s report on the state of the economy in the past year, the key challenges it anticipates, and their possible solutions
- Government is constitutionally bound to present the Economic Survey before tabling the Union Budget
Which of the above statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q.2) Beijing Declaration often seen in news is related to which of the following field?
- Environment Conservation
- Security in the South China Sea
- Gender Equality and Women Empowerment
- None of the above
Q.3) Consider the following statements about Surajkund International Crafts Mela
- It is being organized since 1987 to showcase the richness and diversity of handicrafts, handlooms and cultural heritage of India.
- It is being held in Himachal Pradesh in 2020 with partner Country as the Maldives
Which of the statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q.4) Consider the following statements about Huduma Namba
- It is a Unique Identity Number provided to each citizen in Kenya
- It resembles the Aadhar system of India with regard to Centralised databases, use for availing public service and collection of biometric data
Which of the statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
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