UPSC Exam | Current Affairs and News Analysis (08-02-2020)

UPSC Exam Current Affairs and News Analysis (08-02-2020)

upsc exam current affairs 08-02-2020

Highlights |UPSC Exam Current Affairs 08-02-2020

UPSC exam current affairs 08-02-2020 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.

  • Pro-militant tweets cited in PSA(Public Safety Act ) file
  • Habitat loss felled leopards
  • Indian Foreign (Trade) Policy

Importance of Current Affairs in IAS Coaching


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UPSC Exam Current Affairs 08-02-2020 are followed in the part below:

UPSC Exam Current Affairs and News Analysis (08-02-2020)

Pro-militant tweets cited in PSA(Public Safety Act ) file

Part of: GS Prelims –Polity and GS-II- Constitution

In news:

  • Previous Chief Minister and PDP president Mehbooba Mufti has been reserved under Public Safety Act (PSA)

From Prelims Point of View:

  • The Public Safety Act (PSA) of Jammu and Kashmir is a managerial confinement law
  • The demonstration stretches out to the entire of Jammu and Kashmir.
  • Permits confinement of any person for as long as two years without a preliminary or charge.
  • Without a warrant, explicit charges, and regularly for a vague timeframe.
  • The confining authority isn’t required to uncover any realities “which it considers being against the open enthusiasm to unveil”.
  • Detainment request under the PSA is given either by the Divisional Commissioner or District Magistrate.

 “in the case of a person acting in any manner prejudicial to the security of the state”, 

  • (2012 Amendment ) the detainment of an individual underneath the age of 18 was carefully precluded under this Act.
  • Delivered before the officer inside 24 hours.
  • The Advisory Board is a non-legal body set up to survey detainment arranges and decide if there is adequate reason for confinement.

Bodoland Territorial Area District (BTAD)

Part of: GS Prelims –Polity and GS-II- Federalism

In news:

  • Executive Narendra Modi prompted the adolescent in focal India’s Maoist belt and in Jammu and Kashmir to copy the Bodos and avoid the way of brutality.

IASBaba’s Value Additions:

  • As of late, the focal government, the Assam government and the Bodo gatherings, consented to an arrangement to redraw and rename the Bodoland Territorial Area District (BTAD) as the Bodoland Territorial Region (BTR), in Assam.

From Prelims Point of View:

Bodoland Territorial Area District :

  • BTAD is spread more than four areas of Kokrajhar, Chirang, Baksa and Udalguri.
  • The BTAD and different zones referenced under the Sixth Schedule of the Constitution have been excluded from the Citizenship (Amendment) Act (CAA), 2019.

Bodo:

  • The Bodo is a Tibeto-Burmese-talking ethnic gathering in Assam.
  • Politically dynamic and prevailing in the Kokrajhar, Baksa, Udalguri and Chirang areas of the Bodoland self-sufficient locale in the territory of Assam.
  • The Bodo individuals communicate in the Bodo language, a Tibeto-Burman language perceived as one of twenty-two planned dialects in the Indian Constitution.
  • The Bodo individuals are perceived as a fields clan in the Sixth Schedule of the Indian Constitution.
  • The Bodo individuals are thought inside the Assamese regions of Udalguri, Chirang, Baksa, Bajali, Sonitpur, Goalpara, Dhemaji, Lakhimpur, and Kokrajhar.
Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 8thth February 2020
Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 8thth February 2020

Src: The Hindu


Habitat loss felled leopards

Part of: GS Prelims –Environment  and GS-III- Conservation

In news:

  • India’s panther populace is just a tenth of what it was over a century back
  • Because of human weights, clashes with people, poaching, living space misfortune and accessibility of prey
  • Researchers state that an activity like ‘Venture Tiger’ is required
  • The decrease of 75% to 90% somewhere in the range of 120 and 200 years back,
  • A place for Wildlife Studies and Wildlife Institute of India Reports

From Prelims Point of View:

Project Tiger:

  • Venture Tiger was propelled in Jim Corbett National Park of Uttarakhand in 1973.
  • Tiger holds are represented by Project Tiger (1973).
  • Halfway Sponsored Scheme of the Ministry of Environment and Forests.
  • Directed by the National Tiger Conservation Authority.
  • Point: Protect tigers from termination by guaranteeing a reasonable populace in their normal territories.
  • Government has set up a Tiger Protection Force under PT to battle poachers.
  • PT subsidizes movement of residents to limit human-tiger clashes.

Bank of India, State Bank cut interest rates:

Part of: GS Prelims –Economy and GS-III- Banking

In news:

  • As of late, The State Bank of India (SBI) and the Bank of India (BoI) have decreased their loaning rates by cutting the negligible expense of reserve-based loaning rate (MCLR)
  • The Reserve Bank of India (RBI) reported measures to ease loan costs

From Prelims Point of View:

The marginal cost of fund-based lending rate:

  • The base loan cost that a bank can loan at.
  • MCLR is a tenor-connected interior benchmark, which implies the rate is resolved inside by the bank contingent upon the period left for the reimbursement of a credit.
  • It is firmly connected to the genuine store rates and is determined dependent on four segments: the minimal expense of assets, a negative portable record of money save proportion, working expenses and tenor premium.
  • Save Bank of India presented the MCLR system for fixing loan fees from 1 April 2016.
  • It supplanted the base rate structure, which had been set up since July 2010.banks are allowed to offer all classes of advances on fixed or skimming loan costs.
  • The real loaning rates for credits of various classifications and tenors are dictated by adding the segments of spread to MCLR.
  • In this manner, the bank can’t loan at a rate lower than MCLR of a specific development, for all credits connected to that benchmark.

(MAINS FOCUS)


Indian Foreign (Trade) Policy

Topic: General Studies 2:

  • Two-sided, territorial and worldwide groupings and understandings including India or potentially influencing India’s inclinations.

Topic: General Studies 3

  • Indian Economy and issues identifying with arranging, activation, of assets, development, advancement and work.

Protectionism: In an economically interconnected and technologically inseparable world

Context 

India’s global exchange pose has seemed to turn protectionist with ongoing activities by the Indian government

What events have led to the perception of rising Protectionism in India?

  • During the introduction of Union Budget 2020-21, the Finance Minister made a few references to the issues with facilitated commerce and special exchange understandings (FTAs and PTAs) that represent an undue hazard to the local business
  • The administration raised taxes on the import of an excess of 50 things.
  • Changes in Customs Act arrangements to punish imports suspected to begin from third nations, which attempt to abuse FTA and PTAs
  • India declined to go to a gathering of exchange mediators Bali (February 3-4) that was talking about the subsequent stage in the ASEAN drove RCEP exchange understanding.
  • Government’s choice to scrap all reciprocal venture bargains with 57 nations and getting another Bilateral Investment settlement (BIT) model in 2015.

Reasons were given by India for taking the above measures:

  • Ascend in exchange deficiencies with FTA accomplice subsequently the need to return to the settlements
  • The essential thought process of rising exchange hindrances is to shield Indian markets from dumping — basically by Chinese merchandise
  • Nations (EX: RCEP) reluctant to think about the understanding in Services, that includes the relocation of experts, which is India’s solid zone

India’s unfinished agenda with regard to Trade treaties

  • Extensive Economic Cooperation Agreement (CECA) being haggled with Australia since 2011. Be that as it may, talks hit an impasse in September 2015. With Australia’s attention on RCEP, no advancement has been made from that point forward.
  • India-UK exchange understanding won’t ready to see the light of the day until UK settles its Brexit manage EU
  • India-EU Bilateral Trade and Investment Agreement (BTIA) has not gained any ground since 2013. India thinking of new BIT model in 2015 by rejecting prior BITS had made the exchanges harder than before in this manner postponing the inking of understanding.
  • India-US FTA-At present, there have just been some “non-paper” chats on the issue, and conceivably take a long time to fructify given the rising protectionism in the US and India the same
  • Respective exchange understandings – India wished to renegotiate its FTA with ASEAN, South Korea and Japan given that these understandings have expanded India’s exchange deficiency with these nations. Be that as it may, every one of these Nations will be prepared to haggle simply in the wake of finishing their RCEP bargain which would take two or three years more.

India moving in a direction opposite to that of world

India is presently concentrating on inking respective exchange understandings instead of go for multi-parallel exchange bargains (not marking RCEP). Be that as it may, the world is presently isolated into multilateral provincial FTAs which include:

  • North American Free Trade Agreement (NAFTA) for North America, 
  • Southern Common Market (MERCOSUR for its Spanish initials) for South America
  • The European Union
  • Eurasian Economic Union (Russia and neighbours)
  • African Continental Free Trade Agreement (AfCFTA)
  • Gulf Cooperation Council (GCC) FTA
  • RCEP

India isn’t an individual from any of these territorial exchange understandings. India has additionally for all intents and purposes surrendered SAARC. Furthermore, the world doesn’t support exchange benefits the manner in which it does in products, as most nations have turned movement disinclined.

Conclusion

India’s can’t ascend in Asia without closer exchange joins with the East or the support of South Asia.

Generally, the decrease of provincial forces and increasingly antiquated realms can be followed to times when they diverted internal and separated from remote exchange

India thus needs to adopt a more open approach to global trade.

Did you know?

  • Just three nations: Kyrgyzstan, Belarus and most as of late Brazil have consented to sign another speculation arrangement dependent on that model.
  • India has exchange surpluses with littler economies, especially in the area, where Indian fares structure over 80% of all-out exchange with Nepal, Bangladesh, Bhutan and Sri Lanka, individually.

Connecting the dots!

  • WTO settlement body decrease – India’s road to determine any two-sided questions lessens
  • Effect on rupee worth and venture stream because of protectionist measures

(TEST YOUR KNOWLEDGE)


Model questions: (You can now post your answers in the comment section)

Q 1. Which of the following provisions of the Constitution of India have a bearing on Education? 

  1. Directive Principles of State Policy
  2. Rural and Urban Local Bodies
  3. Fifth Schedule
  4. Sixth Schedule
  5. Seventh Schedule

Select the correct answer using the codes given below :

  1. 1 and 2 only 
  2. 3, 4 and 5 only
  3. 1, 2 and 5 only
  4. 1, 2, 3, 4 and 5

Q 2. The provisions in the Fifth Schedule and Sixth Schedule in the Constitution of India are made in order to

  1. protect the interests of Scheduled Tribes
  2. determine the boundaries between States
  3. determine the powers, authority and responsibilities of Panchayats
  4. protect the interests of all the border States

Q3. What is/are the purpose/purposes of the ‘Marginal Cost of Funds based Lending Rate (MCLR)’? 

  1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.
  2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks

Select the correct answer using the code given below.

  1. 1 only
  2. 2 only
  3. Both 1 and 2 
  4. Neither 1 nor 2


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