Highlights |UPSC Exam Current Affairs 29-08-2019
UPSC exam current affairs 29-08-2019- 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.
- Eastern Economic Forum (EEF)
- Anti-microbial resistance
- Sisir Kumar Mitra
- Jan Aushadhi Sugam
- RBI transfer surplus to the government of India
- Reconstituting and Reforming the Law Commission of India
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UPSC Exam Current Affairs 29-08-2019 are followed in the part below:
UPSC Exam Current Affairs and News Analysis (29-08-2019)
Eastern Economic Forum (EEF)
Part of: GS Prelims and GS Mains II – International Organisations
In News
- Mr Modi has been welcomed by Mr Putin as the central visitor of the EEF to be held in Vladivostok (in Russia’s the Far East) on September 5.
- EEF is a global discussion held every year, which was built up by pronouncement of President Putin in 2015 to help the financial advancement of Russia’s the Far East.
- The Russian Far East includes the eastern Russian region between Lake Baikal in eastern Siberia and the Pacific Ocean. This district circumscribing China is plentiful in mineral assets like jewels, borax materials, gold, tungsten, fish and fish.
- In EEF, India and Russia are probably going to seal a military coordinations bolster understanding, the Agreement on Reciprocal Logistics Support (ARLS),
- ARLS will encourage access to each other’s’ military offices for the trade of fuel and arrangements on shared understanding, rearranging calculated help and expanding operational turnaround.
- A settlement might be marked where Russia will build six atomic power plants in India, aside from the six being set up in Kudankulam in Tamil Nadu.
Do you know?
- India marked the Logistics Exchange Memorandum of Understanding (LEMOA) with the U.S. in August 2016.
- Russia has guaranteed that it be conveying the S-400 Triumph air protection rocket framework to India by 2023 notwithstanding the US pressure on New Delhi not to secure the framework.
- Russia has guaranteed that it be conveying the S-400 Triumph air protection rocket framework to India by 2023 notwithstanding the US pressure on New Delhi not to secure the framework.
- America has taken steps to force authorizes on India (for S-400 safeguard bargain) under the CAATSA (Countering America’s Adversaries Through Sanctions Act) enactment
Anti-microbial resistance
Part of: GS Prelims and Mains GS-II – Issues relating to Health
In News
- The organization has selected a ₹9.3 crore concentrate to check against contamination restriction along the entire length of the conduit Ganga.
- Associations included: Motilal Nehru Institute of Technology, Allahabad; the National Environmental Engineering Research Institute (NEERI), Nagpur; Sardar Patel Institute of Science and Technology, Gorakhpur and two exclusive organizations Phixgen and Xcelris Labs.
- The purpose of the assessment adventure is to show the sort of “contamination” (sewage and present-day) in the conduit and “hazard to human prosperity (antidote poison hindrance flood) and recognizing wellsprings of Escherichia coli.
- Escherichia coli is a kind of microorganisms that lives in the gut of animals and individuals. Disregarding the way that it is harmless, a couple of species have been associated with intestinal disease similarly as an upsetting enemy of microbial restriction.
Do You know?
- Deposits of anti-infection agents arrive at water bodies through waste released from families and ventures.
- These anti-infection agents in water lead to the development of microbes that are impervious to anti-toxins, which at that point develop in numbers and spread in the earth.
- Research has indicated that degrees of obstruction qualities that lead to “superbugs” (anti-microbial safe) were around multiple times more prominent during the journey a very long time of May and June than at different occasions of the year.
Sisir Kumar Mitra
Part of: GS Prelims and GS Mains III – Science & Technology
In News
- Chandrayaan-2 took photographs of different cavities on the moon while it was flying over its north post.
- One of the cavities it looked over was a lunar effect cavity named Mitra, after the prominent Indian physicist, Sisir Kumar Mitra.
- The Working Group for Planetary System Nomenclature (WGPSN), an arm of the International Astronomical Union (IAU) had named the cavity after Mitra in 1970.
- Mitra was the first to present radio correspondence in Quite a while and was the pioneer in the field of Ionospheric Science and Radio Technology.
- The ionosphere is an area of the upper air which reaches out from 60 km to a few thousand kilometres over the earth.
- Ionosphere reflects short radio waves, empowering transmission to be made around the bent surface of the earth by sky waves, and its quality is indispensable for long-separation radio correspondence.
- Other Indian researchers who have their names carved on the moon is Dr Vikram Sarabhai.
Jan Aushadhi Sugam
Part of: GS Prelims and GS Mains II – e-governance
In News
- Association Minister for Chemicals propelled a versatile application “Jan Aushadhi Sugam” to empower individuals to look through Jan Aushadhi nonexclusive drug stores.
- The application additionally empowers search of Janaushadhi conventional meds, break down item examination of Generic versus Branded prescription in the type of MRP and by and large Savings, and so on.
- The government additionally reported that “Jan Aushadhi Suvidha Oxo-Biodegradable Sanitary Napkin” will currently be accessible at just a single Rupee for every cushion (the prior expense was Rs 2.50 per cushion).
- Jan Aushadhi Suvidha accompanies a unique added substance, which makes it biodegradable when it interacts with oxygen in the wake of being disposed of.
Do You know?
- Around 28 million young ladies are accounted for to leave instruction in light of the absence of accessibility of good quality Sanitary Napkin” cushions at a sensible expense.
- Jan Aushadhi Suvidha is being made accessible available to be purchased in more than 5500 PMBJP (Pradhan Mantri Bhartiya Jan Aushadhi Pariyojana) Kendras the nation over.
- Department of Pharma PSUs of India (BPPI) is the executing office of PMBJP
- BPPI was set up as a free society in December 2008 under the Department of Pharmaceuticals, Government of India.
(MAINS FOCUS)
ECONOMY
TOPIC: General Studies 3
- Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
RBI transfer surplus to the government of India
Context:
- The Central Board of the Reserve Bank of India (RBI) chose to move an aggregate of ₹1,76,051 ($24.4 billion) crore to the Government of India (Government) including ₹1,23,414 crore of surplus for the year 2018-19 and ₹52,637 crore of overabundance arrangements distinguished according to the reexamined Economic Capital Framework (ECF).
To comprehend what the exchange is, we should initially comprehend where the assets originate from. The national bank has three distinct finances that together include its stores. These are the
- Currency and Gold Revaluation Account (CGRA), largest and makes up the significant bulk of the RBI’s reserves.
- The Contingency Fund (CF) and
- The Asset Development Fund (ADF).
Why the Government wanted it?
- The administration has contended that generally lower moves creased open spending for foundation ventures and social area programs, considering the strain to meet shortage targets and to give space to private firms to acquire.
How does the RBI generate surplus?
- A noteworthy part originates from RBI’s activities in money related markets when it intercedes, for example, to purchase or sell outside trade;
- Open Market activities, when it endeavours to keep the rupee from increasing in value;
- As salary from government protections it holds;
- As comes back from its remote cash resources that are interested in the obligations of outside national banks or top of the line protections;
- From stores with other national banks or the Bank for International Settlement or BIS; other than loaning to banks for exceptionally short residencies and the executive’s commission on taking care of the borrowings of state governments and the local government.
- RBI purchases these money related resources against its fixed liabilities, for example, cash held by people in general and stores gave to business bets on which it doesn’t pay a premium.
What can the government do with this huge surplus?
- The cash is moved to the Consolidated Fund of India from which pay rates and benefits to government workers are paid and premium instalments are done, other than spending on government programs.
- The enormous payout can enable the administration to decrease arranged borrowings and keep financing costs generally low.
- Plus, it will give space to privately owned businesses to fund-raise from business sectors.
- Furthermore, in the event that it figures out how to meet its income focuses on, the fortune increase can prompt a lower monetary shortfall.
- The other choice is to preserve these assets for open spending or explicit ventures, which could prompt a recovery popular in specific segments and lift monetary movement.
What did the Jalan Committee recommend?
- The Jalan Committee, as it was called casually, is really called the Expert Committee to Review the RBI’s Extant Economic Capital Framework.
- The board of trustees suggested that the RBI keep up a Contingent Risk Buffer — which for the most part originates from the CF — of between 5.5-6.5% of the national bank’s accounting report.
- Since the most recent CF sum was about 6.8% of the RBI’s monetary record, the overabundance sum was to be moved to the administration.
- The board of trustees additionally chose, for the year viable, to utilize the lower furthest reaches of 5.5% of the range is prescribed.
- In this way, fundamentally, anything that was an overabundance of 5.5% of the RBI’s benefits in the CF was to be moved. That sum was ₹52,637 crore.
- With respect to RBI’s monetary capital levels — which is basically the CGRA — the board of trustees prescribed keeping them in the scope of 20-24.5% of the asset report.
- Since it remained at 23.3% as of June 2019, the advisory group felt that there was no compelling reason to add more to it, thus the full total compensation of the RBI — an astounding ₹1,23,414 crore — ought to be moved to the Center.
- That ₹1.23 lakh crore in addition to the ₹52,637 crores is the thing that includes the ₹1.76 lakh crore that the RBI has chosen to move to the administration.
- It must be noticed that this ₹1.76 lakh crore incorporates the ₹28,000 crores break profit prior moved to the Center and doesn’t come far beyond it.
- Suggestion on a benefit dispersion approach has been embraced by the Central Board meaning a progressively straightforward and rule-based payout from one year from now, as in numerous other national banks, which could help tight contrasts between the legislature and RBI.
Conclusion:
- The bottom line, however, remains unchanged. India’s economy has weakened in the last few years. To reverse this trend, the government needs to unleash a new round of reforms which encompass factors of production such as land, labour and capital.
Connecting the dots:
- Why RBI’s surplus corpus transfer raises more questions? Discuss
POLITY
TOPIC: General Studies 2:
- Government approaches and mediations for advancement in different divisions and issues emerging out of their structure and execution.
- Issues identifying with improvement and the board of Social Sector/Services identifying with Health, Education, Human Resources.
Reconstituting and Reforming the Law Commission of India
In news:
- The government is yet to take a call on reconstituting the Law Commission. The last commission had gone out of the office a year.
The Law Commission of India — the oldest amongst the national-level bodies — remains an odd one even in its 65th year.
Background:
- Law Commission of India is an official body built up by a request for the Government of India. Its significant capacity is to work for lawful change. Its participation basically includes legitimate specialists, who are endowed an order by the Government. The Commission is built up for a fixed residency and fills in as a warning body to the Ministry of Law and Justice.
- In the eighth year of Independence, the Government of India chose to restore the British inheritance of delegating law commissions to study, research and report on lawful issues indicated in their terms of reference.
- The principal commission was set up in 1955.
- Reports of the commission are commonly composed separately by individuals including the administrator and before the full commission for discourse and reception.
Issues:
- In contrast to its sister associations, set up a lot later, it has no fixed synthesis, no characterized qualification criteria for its seat and individuals, and no set capacities — everything lays on the administration’s will.
- The terms of reference are indicated over again each time it is reconstituted as though it were an impromptu body. Three of the other national commissions those for the Scheduled Castes, Scheduled Tribes and Backward Classes, are presently managed by the Constitution and there is a parliamentary sanction for every one of the national commissions for human rights, minorities, ladies, kids and safai karmcharis.
- In spite of the fact that the commission’s activity requires to look into situated juristic realizing, which can’t basically be the result of legal experience, the commission has been a safe house for resigned judges.
- Individuals from the commission are additionally commonly drawn from the legal executive, and the party secretary is consistently from the organization.
Way forward and Conclusion:
- On the off chance that the commission needs to work without respect for extra-legitimate and political contemplations, it must have an overseeing resolution characterizing its forces and duties, and confinements.
- Under the steady gaze of establishing the 22nd Law Commission — the foundation ought to be set under a legitimate parliamentary contract.
The administration ought to decide by enactment, the synthesis, residency, capacities and work system of the Law Commission. It ought to be an overwhelmingly legal advisers’ bonus, not a resigned judges’ group with a sprinkling of legitimate grant and jurisprudential ability.
Connecting the dots:
Talk about the significance of the National Commission of India. The commission despite being one of the most established is yet to be patched up. Remark.
(TEST YOUR KNOWLEDGE)
Model questions: (You can now post your answers in the comment section)
Q.1) Consider the following statements about Eastern Economic Forum
- EEF is an international forum established by Russia in 1991 to support the economic development of Russia’s the Far East
- The Russian Far East comprises the eastern Russian territory between Lake Baikal in eastern Siberia and the Pacific Ocean
Which of the statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q.2) Consider the following statements about Escherichia coli (E-Choli)
- It is a type of virus that which infects humans through mosquito bites
- It has been linked to intestinal disease as well as aggravating antibiotic resistance.
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 about Pradhan Mantri Bhartiya Jan Aushadhi Pariyojana
- The aim of the scheme is to make healthcare affordable by providing generic medicines through Jan Aushadi Kendras
- It is being implemented by the Union Ministry of Health and Family welfare
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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