Highlights |UPSC Exam Current Affairs 21-11-2019

UPSC exam current affairs 21-11-2019- 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.

International Financial Services Centres Authority Bill
Govt. to sell off its stake in BPCL, 4 others PSUs
U.S. Senate passes Hong Kong rights Bill
ICJ
SECURITY

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UPSC Exam Current Affairs 21-11-2019 are followed in the part below:

UPSC Exam Current Affairs and News Analysis (21-11-2019)

International Financial Services Centres Authority Bill

Part of: GS Prelims and GS-III – Economy

In News

The bill accommodates brought together expert for controlling every single money related help in global budgetary administrations focuses (IFSCs) in the nation.
IFSC is a purview that gives budgetary administrations to an occupant and non-inhabitant Indians in remote monetary standards.
At present, the banking, capital markets and protection parts in IFSC are controlled by numerous controllers, for example, RBI, SEBI and IRDAI.
The dynamic idea of business in the IFSCs requires a high level of between administrative coordination. It likewise requires explanations and regular changes in the current guidelines administering money related exercises in IFSCs.
The improvement of budgetary administrations and items in IFSCs would require focussed and devoted administrative intercessions. Consequently, a requirement for a brought together monetary controller for IFSCs in India to give world-class administrative condition to budgetary market members.
Further, this would likewise be basic from the simplicity of working together viewpoint. The brought together authority would likewise give the truly necessary impulse to encourage the improvement of IFSC in India in a state of harmony with the worldwide accepted procedures.
The Lok Sabha Secretariat has passed on this is a Finance Bill under Article 117(1) of the Constitution and that it ought to be presented in Lok Sabha as needs be with the proposal of the President under Article 117(1) and 274(1) of the Constitution.

Do You Know?

London, New York and Singapore can be considered worldwide money related focuses. Many rising IFSCs around the globe, for example, Shanghai and Dubai, are seeking to assume a worldwide job in the years to come.
A specialist board headed by previous World Bank market analyst Percy Mistry presented a report on making Mumbai a global money related focus in 2007.
In any case, the worldwide money related emergency that unfurled in 2008 made nations including India careful about quickly opening up their monetary segments.
Blessing (Gujarat International Finance Tech-City), situated in Gandhinagar is India’s first International Financial Services Center.

Govt. to sell off its stake in BPCL, 4 others PSUs

Part of: GS Prelims and GS-III – Economy

In News

The bureau advisory group on monetary undertakings (CCEA) has cleared one of the administration’s biggest resource deal practices including five organizations.
The government will sell its whole 53.29% stake in BPCLto a vital purchaser, surrendering the board control. A vital financial specialist will gain admittance to BPCL’s refining limit of 37 million tons for every annum and around 15,000 retail outlets on the planet’s third-biggest oil devouring country.
The proposed deal will, in any case, bar the key Numaligarh Refinery Ltd (NRL) in Assam, which will be later offered to another state-run firm, given India’s have to verify fuel supplies for security powers in the north-east.
The administration will likewise sell its whole 63.75% stake in the Shipping Corporation of India (SCI) and will surrender the board control.
Likewise, it will sell its 30.8% stake in the Container Corporation of India (CONCOR) and hand over administration control.
The legislature will sell its whole 74.23% stake in THDCIL and its 100% stake in the North Eastern Electric Power Corporation(Neepco) to NTPC Ltd. and furthermore surrender control.
The assets opened by the vital disinvestment of these CPSEs would be utilized to back the social division/formative projects of the Government profiting general society.
The legislature has set a disinvestment focus of ₹1.05 lakh crore for FY-2019-20. Nonetheless, it has figured out how to gather just ₹17,364.26 crores until November 18, 2019.

U.S. Senate passes Hong Kong rights Bill

Part of: GS Prelims and GS Mains II – International Relations

In News

The U.S. Senate collectively embraced enactment supporting “human rights and majority rules system” in Hong Kong and taking steps to renounce its exceptional monetary status.
The Senate’s Hong Kong Human Rights and Democracy Act would require the U.S. President to yearly survey the great exchange status that Washington awards to Hong Kong.
It additionally orders sanctions against Hong Kong and Chinese authorities who submit human rights mishandles including “extra-legal interpretation”.
The legislators additionally affirmed a measure that would boycott the clearance of nerve gas, elastic projectiles and other gear that have been utilized by security powers to smother fights for about a half year.
China stopped a “solid dissent” and request that the U.S. keep the Bill from turning out to be law.
The star vote based system development was lighted in June when millions took to boulevards contrary to a presently relinquished endeavour to permit removals from Hong Kong to the terrain.
The fights and coming about crackdowns have transformed pieces of Hong Kong into rough battlegrounds for a considerable length of time.

ICJ

Part of: GS Prelims and Mains GS-III- International Affairs

In News

Myanmar’s regular citizen pioneer and Nobel harmony laureate Aung San Suu Kyi will head up an assignment to the UN’s top court to shield a case charging the principally Buddhist nation – Myanmar-of massacre against Rohingya Muslims.
West African country Gambia is because of open its case under the steady gaze of the International Court of Justice (ICJ) in December 2019 for the benefit of the 57 part conditions of the Organization of Islamic Cooperation.
The objection blames Myanmar for breaking the 1948 UN Genocide Convention through its fierce military crusade in 2017, which focused the Rohingya in Rakhine state.

About ICJ

The International Court of Justice (ICJ) is the primary legal organ of the United Nations (UN).
Root: It was built up in June 1945 by the Charter of the United Nations and started work in April 1946.
HQ: The seat of the Court is at the Peace Palace in The Hague (Netherlands). Of the six head organs of the United Nations, it is the only one not situated in New York (United States of America)

Reserve Bank supersedes DHFL board

Part of: GS Prelims and GS Mains III – Economy

In News

RBI has chosen to override the leading body of upset home loan lender Dewan Housing Finance Corporation Ltd. (DHFL) and said insolvency procedures would be started against the organization.
RBI said the move was made because of administration concerns and default by the substance in meeting instalment commitments.
This is the principal occasion of RBI overriding the leading group of a non-banking monetary organization.
DHFL could be the main money related administrations organization to confront indebtedness procedures at the National Company Law Tribunal (NCLT) after the government provided a warning indicating the classifications of budgetary specialist co-ops that can be taken up for goals under the nonexclusive structure of the Insolvency and Bankruptcy Code.
Till now, monetary administrations firms were kept out of liquidation procedures.
DHFL, confronting a money smash since a year ago after banks gagged loaning, has generally speaking obligation of ₹80,000 crores. Banks have a presentation of ₹40,000 crores to the organization.
While endeavours were made by banks for goals, the procedure hit a detour as business sectors controller SEBI didn’t permit shared assets having an introduction to DHFL to be a piece of the goals plan

ISRO uses satellite data to gauge N. Korea’s 2017 nuclear test impact

Part of: GS Prelims and GS Mains III – Economy

In News

Researchers at ISRO have utilized a novel numerical strategy and broke down satellite pictures to gauge the quality of North Korea’s underground atomic trial of September 2017.
In the ordinary course, the location and estimation of atomic gadget blasts depend on the perusing of seismic tremor observing sensors.
Notwithstanding, North Korea’s relative disconnection has implied that there were no open seismic stations close to the test site at Mount Mantap, to precisely measure the force of the blast.
Those tests are viewed as the most dominant nuclear gadgets to have been detonated by the nation.
The dangerous yield assessed (245-271 kt) is around multiple times that of the Hiroshima blast as per ISRO examination.
Such data is likewise significant for deciding the kind of bomb, and thus, the level of expertise the exploding nation has.
For the investigation, specialists utilized pictures of the area after the blast, sourced from the ALOS-2, a Japanese satellite, and Sentinel 1B, a European radar imaging satellite.
These appraisals, of a yield of 250 kilotons, are in accordance with an evaluation on June 2019 by U.S. scientists. Their approach, be that as it may, depending on considering the mark of sound waves from a blast when it goes through the stone at the test site, and how it influenced sensors around the globe.

(MAINS FOCUS)

SECURITY

TOPIC: General Studies 3:

Security challenges and their administration in fringe territories; linkages of sorted out wrongdoing with fear-mongering.
Different Security powers and offices and their command.

Chief of Defence Staff (CDS)

Context:

Resulting in Prime Minister Narendra Modi’s declaration from the Red Fort, the proposed structure for the Chief of Defense Staff (CDS) has been thought upon.
We ought to before long be seeing the principal CDS assume responsibility.
The proposed sanction of the CDS, his forces and status, and so forth, has been discussed seriously.

Background:

Head of the Defense Staff (CDS) is a proposed position for the consolidated head of the Indian Army, Air Force and Navy.
The possibility of making of such a post returns to as early Lord Mountbatten. General K. V. Krishna Rao propelled making of the post of Chief of Defense Staff in June 1982.
Recommended in 1999 finishing the Kargil War from Kargil Review Committee.
The official call was made open by Prime Minister Narendra Modi during his Independence Day discourse on 15 August 2019 at Red Fort, New Delhi.

Need for CDS:

It is necessary to have a professional body of the highest standing to facilitate ‘joint manship’ and render single-point military advice to the government on matters of national security

Importance:

Head of Defense Staff is a basic situation in the present time of half breed fighting and will assist increment with jointing manship, tri-administration adequacy and generally speaking battle abilities of India.
It is hypothesized that through the Defense Secretary will be the primary “protection” counsel, the CDS will accept the job of being the principle “military” warning, going about as the single-guide military consultant toward the legislature and Prime Minister.
Accommodate potential contrasts in administration explicit suppositions to empower the legislature to land at the thought about military choices.
India is the main huge vote based system which doesn’t have a solitary point military consultant (all P5 nations having one).
Encouraging between administrations jointness regarding planning, gear buys, preparing, joint regulations and arranging of military tasks a basic of present-day fighting.

Concerns:

The Chief of Defense Staff ought not to become another intervened level between the Raksha Mantri and the administration boss, whose entrance to the clergyman ought to stay as pervasive.
There were likewise fears that such a post would be excessively ground-breaking.

Conclusion:

The CDS can’t be a panacea for all issues looked by the protection foundation. In any case, a powerful usage of the diagram of the arrangement by the board will help Indian protection framework to experience genuinely necessary and since quite a while ago held up change.

Connecting the dots:

The ongoing choice to choose a Chief of Defense Staff (CDS) fulfils a long-standing interest in the vital network in India. Basically break down.

CITIZENSHIP

TOPIC: General Studies 2:

Indian Constitution-authentic underpinnings, advancement, highlights, changes, noteworthy arrangements and essential structure.

National Register of Citizens

Context:

The procedure to make a National Register of Citizens (NRC) will be completed crosswise over India, as declared by the Home Minister, Mr.Amit Shah.
At whatever point it is done, the activity will be rehashed in Assam also.
Every Indian resident will be incorporated regardless of their religion.”
Home Minister additionally said that NRC and Citizenship Amendment Bill (CAB)is not the same as NRC.

National Register of Citizens

It is the register containing names of Indian Citizens.
It was arranged first in 1951 after the lead of the Census of 1951.
It is utilized to distinguish who is a real Indian resident and the individuals who neglect to enrol in the register will be esteemed unlawful transients.

Benefits of NRC:

Detection of illegal immigrants, inclusion will be a shield against harassment and a ticket to enjoying all the constitutional rights and safeguards and the benefits of government schemes.
To safeguard the indigenous population and civilization.
Illegal activities like terrorism, human trafficking, drug trafficking can be checked.
To safeguard Voting rights and properties such as land and house.

Controversies related to the National Register of Citizens (NRC):

Laborious process: Adding a person to NRC is a complex procedure because of presenting many documents and layers of verification.
Document verification: “Family tree verification” has become a difficult process for left out children.
Rejection of certificate: More than 40 lakh people are rejected for panchayat residency certificates.
Citizenship related: Failed to ensure legal clarity over the manner in which the claims of citizenship could be decided.
Role of Supreme Court: lack of monitoring process, inability to comprehend political and policy actions in case of loss of citizenship.
Huge population: Given the size of India’s population, implementation of the NRC will be a mammoth task and demands detailed analysis.

Citizen Amendment Bill (CAB):

It envisages the grant of Indian citizenship to all refugees from minority communities in Bangladesh, Pakistan and Afghanistan.
The CAB allegedly discriminates against Muslims and is loaded against the right to equality and equal protection before the law as enshrined in Article 14 of the Constitution
The CAB proposes to differentiate among immigrants on the basis of religion.
It proposes to amend the Citizenship Act, 1955 by relaxing the eligibility rules for immigrants belonging to six minority (non-Muslim) religions, Hindus, Sikhs, Buddhists, Jains, Parsis and Christians, from Afghanistan, Bangladesh or Pakistan, in getting Indian citizenship.

NRC in Assam again:

long with the guaranteed mix of the NRC and CAB, the Home Minister reported that the NRC procedure would “normally” be led in Assam again with the remainder of the nation.
Be that as it may, the Assam proposition will be in disobedience of the Supreme Court, which guided the whole NRC enlistment explicit to Assam.
There is still no clearness on what the final products mean for the 19 lakh in addition to individuals who end up outside the NRC, stateless and in danger of “extradition” to Bangladesh, which will not recognize and acknowledge them.
The ongoing NRC work out, directed by the Supreme Court, included the dynamic cooperation of the Central and State governments.
For the legislature to rehash the activity just on the grounds that the numbers hurled are politically badly arranged for the focal government has neither rhyme nor reason.

CAB controversy in Northeast:

Persuasive socio-political gatherings and a few ideological groups in the Northeast are against the CAB and are holding persistent dissent exhibitions against it.
Their contention is that CAB negates the NRC.
In Assam, if the NRC Bill is passed, the quick ramifications will be that the Hindus avoided from the NRC would be qualified for citizenship by means of specific criteria, The Muslims would be treated as outsiders.
Such a circumstance would render the present NRC trivial.

Why is the central government unhappy with the current NRC in Assam?

According to the central government, the current NRC could not be accepted by the state government because it has included people who should not have been included.
On the contrary, excluded ‘genuine’ Indian citizens.

Connecting the dots:

A nationwide extension of NRC is bizarre, and a repeat of it in Assam illogical. Analyse

(TEST YOUR KNOWLEDGE)

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

Q.1) Consider the following statements about the International Court of Justice (ICJ)

It was established in June 1945 by the Charter of the United Nations and began work in April 1946.
The seat of the Court is at the Peace Palace in The Hague (Netherlands)