Highlights |UPSC Exam Current Affairs 04-09-2019
UPSC exam current affairs 04-09-2019- 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.
- Mussels
- The secondary market for corporate loans
- Ethanol
- INTERNATIONAL RELATIONS
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UPSC Exam Current Affairs 04-09-2019 are followed in the part below:
UPSC Exam Current Affairs and News Analysis (04-09-2019)
Mussels
Part of: GS Prelims and GS-III – Environment Conservation
In News
- Mussels are a small, edible sea animal that has a dark shell with two parts that close tightly together.
- As they pump and filter the water through their gills in order to feed and breathe, mussels store almost everything else that passes through.
- Mussels thus act as ‘super-filters’, taking in phytoplankton for nourishment along with microplastics, pesticides and other pollutants.
- Scientists are deploying mussels across the oceans to absorb microplastics and other pollutants in the fight against water pollution.
- Mussels have long been used as “bio-indicators” of the health of the seas, lakes and rivers they inhabit.
- A recent report by WWF said that humans ingest an average of five grams of microplastics a week, about the weight of a credit card
The secondary market for corporate loans
Part of GS Prelims and Mains GS-II – Economy
In News
- A team set up by RBI and headed by Canara Bank administrator T.N. Manoharan presented its report on the advancement of an optional market for corporate credits.
- The advisory group noticed that factors that obstructed the improvement of this market were the nonattendance of an orderly advance deals stage, absence of institutionalization in the documentation and lawful factors and absence of dynamic members.
- A portion of the proposals made by the team are:
Setting up of a self-regulatory body (SRB), which will oversee the proposed secondary market.
- SRB’s job will be to institutionalize credit documentation and contracts, the institutionalization of practices, and advance development, liquidity, productivity and straightforwardness of the proposed optional market.
- The SRB might be set up as a relationship of market members and might be joined as a Section 8 organization under the Companies Act, 2013.
- Setting up a focal credit contract vault.
- Setting up an online advance deals stage to lead sales of auxiliary market credits.
- Alterations in guidelines gave by SEBI, IRDA and PFRDA to empower support of non-banking substances, for example, common assets, insurance agencies and annuity subsidize.
Do You Know?
- Segment 8 Company is an organization enrolled under the Companies Act, 2013 for altruistic or not-revenue driven purposes.
- In India, banks offer their focused on advances to the advantage remaking organizations and has for all intents and purposes no different other options.
- In any case, all-inclusive, there is a solid optional market for corporate credits where banks can offload their advances to a willing speculator at fitting cost.
Ethanol
Part of: GS Prelims and GS Mains III – Economy
In News
- The CCEA, led by PM, has given its endorsement for “fixing higher ethanol cost got from various crude materials” under the ethanol-mixed petroleum (EBP) program for the prospective sugar season 2019-20.
- The cost of ethanol from C overwhelming molasses course be expanded from Rs.43.46 per lit to Rs.43.75 per liter.
- The cost of ethanol from sugarcane juice/sugar/sugar syrup course be fixed at Rs.59.48 per liter,
- Profitable cost to ethanol providers will help in the decrease of stick rancher’s overdue debts, in the process adding to limiting the trouble of sugarcane ranchers.
- Expanded ethanol mixing in oil has numerous advantages remembering a decrease for import reliance, backing to the rural division, all the more naturally inviting fuel, lesser contamination and extra salary to ranchers.
Do You Know?
Differential price of ethanol-based on raw material (started in 2018) has significantly improved the supply of ethanol to Public Sector OMCs – from 38 crore litre in 2013-14 to over 200 crore litre in 2018-19.
- India, the world’s third-biggest oil shipper, saw a 25% year-on-year increment in its oil import bill in FY18 to $109 billion.
- In March 2015, India has set an objective of bringing down import reliance in oil by 10 rate focuses to 67% by 2022.
- In July, the Union bureau had endorsed the formation of a cradle supply of 4 million tons of sugar at an expected expense of ₹1,674 crores.
- This was planned for expanding the discount costs of sugar and improving income to sugar factories, which thus would help factory proprietors to clear the duty of ranchers.
REPLAN (Reducing plastic in Nature)
Part of: GS Prelims and Mains GS-III – Environmental Conservation
In News
- Khadi and Village Industries Commission’s (KVIC) REPLAN venture has finished one year.
- REPLAN venture plans to expel existing waste plastic material from nature.
- In this venture, the waste plastic is gathered, cleaved, cleaned, beaten and treated for delicate quality. From that point forward, it is blended in with paper crude material, for example, cotton clothes mash in a proportion of 80 % (mash) and 20% (plastic waste)
- The task was propelled in September 2018 as a major aspect of KVIC’s promise to Swachh Bharat Abhiyaan and has so far sold more than 6 lakh carefully assembled plastic blended convey sacks.
- KVIC fabricates plastic-blended high-quality paper at its Kumarappa National Handmade Paper Institute (KNHPI) in Jaipur, Rajasthan.
- KVIC is a statutory body set up under the Khadi and Village Industries Commission Act of 1956.
- KVIC works under Union Ministry of Micro, Small and Medium Enterprises
(MAINS FOCUS)
INTERNATIONAL RELATIONS
TOPIC: General studies 2
- Arrangements of created and creating nations and their effect on India’s inclinations.
- Respective and multilateral understandings and their effect on India’s inclinations.
Putting the skids under border trade
Context:
- The India-Pakistan go head to head is having a larger number of repercussions than expected, with fringe economies the most exceedingly awful hit
Concerns:
- In February 2019, in the wake of the Pulwama assault, India chose to pull back the Most Favored Nation (MFN) status to Pakistan; in this manner, it forced 200% traditions obligation on every single Pakistani great coming into India.
- In April, India suspended exchange over the Line of Control in Jammu and Kashmir referring to the abuse of the exchange course by Pakistan-based components.
- All the more as of late, post the Jammu and Kashmir Reorganization Bill, Pakistan cut off discretionary and monetary ties with India — removing the Indian emissary, incompletely closing airspace and suspending two-sided exchange.
The impact :
- In 2018-19, two-sided exchange among India and Pakistan was esteemed at $2.5 billion — India’s fares to Pakistan represented $2.06 billion and India’s imports from Pakistan were at $495 million.
- India’s choice versus withdrawal of MFN status and burden of 200% obligation has harmed Pakistan’s fares to India, tumbling from a normal of $45 million every month in 2018 to $2.5 million every month over the most recent four months.
- The quantum of misfortune that has been brought about by brokers in the two India and Pakistan has changed by the idea of exchange and the exchange course
Model: Amritsar is land-bolted, isn’t a city and customarily has no huge industry. Thus, any choice on India-Pakistan exchange directly affects the neighbourhood economy and the individuals of Amritsar. Since February, as indicated by gauges on the ground, 5,000 families have been legitimately influenced in Amritsar in view of provider reliance on two-sided exchange. Merchants and their staff individuals, customs house specialists (CHAs), cargo forwarders, work power, truck administrators, Dhaba proprietors, fuel stations, and other specialist co-ops are finishing shop and going off of business.
- With Pakistan choosing to totally suspend respective exchange, fares of cotton from India to Pakistan are relied upon to be influenced the most, in the end harming Pakistan’s materials;
- The yard business which will currently need to source pricier cotton from elective markets in the United States, Australia, Egypt or Central Asia.
- There is a high probability that Indian cotton, alongside different items, will be steered through third nations, for example, the United Arab Emirates and Singapore, consequently expanding the portion of circuitous exchange which is assessed to be more than twofold the immediate exchange among India and Pakistan.
Conclusion:
- While the general economies of the two nations might just figure out how to remain above water regardless of the suspension of monetary ties, it is the neighborhood economies that will endure the most and are now dying. In this association, there has been a misfortune in business, ascend in costs, absence of elective wellsprings of job, just as a normal increment in bank defaults.
- In the soul of patriotism, the exchange organization on the two sides, overall, have remained by their particular governments. Be that as it may, local people infringe economies on the two sides have mouths to sustain, which requires an answer.
Connecting the dots:
- Discuss the impact of the recent bilateral suspension of trade ties between India and Pakistan?
- What is the ‘Most Favoured Nation’ status? Should India revoke the MFN status given to Pakistan? Critically examine.
(TEST YOUR KNOWLEDGE)
Model questions: (You can now post your answers in the comment section)
Q.1) Who among the following headed the task force constituted by RBI for development of Secondary market for corporate loans?
- Subhash Chandra Garg
- Bimal Jalan
- T.N. Manoharan
- None of the above
Q.2) Consider the following statements
- Scientists are deploying mussels (sea animal that has a dark shell) across the oceans to absorb microplastics and other pollutants in the fight against water pollution.
- Mussels have been used as “bio-indicators” of the health of the seas, lakes and rivers they inhabit.
Which of the statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q.3) Consider the following statements
- KVIC is a statutory body established under the Khadi and Village Industries Commission Act of 1956.
- KVIC works under Union Ministry of textiles
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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