Highlights |UPSC Exam Current Affairs 31-08-2019
UPSC exam current affairs 31-08-2019- 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.
- Angikaar campaign
- Fit India Movement
- UN Population report
- Mergers of Public sector banks(PSB)
- The public sector bank merger
- ECONOMY
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UPSC Exam Current Affairs 31-08-2019 are followed in the part below:
UPSC Exam Current Affairs and News Analysis (31-08-2019)
Angikaar campaign
Part of: GS Prelims
In News
- The Union Housing and Urban Affairs Ministry has propelled the ‘Angikaar crusade’.
- The crusade goes for social conduct change, concentrating on issues, for example, water and vitality protection, squander the executives, wellbeing, tree manor, sanitation and cleanliness for recipients of finished houses under PMAY (U).
- The battle will incorporate a way to entryway exercises, ward and city level occasions.
- For this reason, the battle will join with plans and Missions of different Ministries managing these subjects, particularly Ujjwala yojana for the gas association and Ayushman Bharat for medical coverage.
- It will be started in all objective urban areas on second October 2019 and come full circle on the event of Human Rights Day, tenth December 2019.
Do You Know?
- PMAY- Urban envisions provision of Housing for All by 2022 when India completes 75 years of its Independence.
- The plan has the accompanying four verticals
- Ghetto restoration of Slum Dwellers with support of private engineers utilizing the land as an asset.
- Advancement of Affordable Housing for the more fragile area through credit connected sponsorship.
- Reasonable Housing in Partnership with Public and Private areas.
- Sponsorship for recipient drove singular house development/improvement.
Fit India Movement
Part of: GS Prelims and Mains GS-II – Issues relating to Health
In News
- Head administrator Narendra Modi propelled the Fit India Movement on the event of National Sports Day.
- The crusade is planned for urging individuals to incorporate physical movement and sports in their regular daily existences.
- Innovation has added to an inactive way of life which has prompted an expansion in way of life infections like diabetes and hypertension, in this way wellness is the need of great importance.
- The 28-part government board of trustees headed by Sports Minister has been framed to take the progress ahead.
- National Sports Day is commended on 29th August, the birth commemoration of hockey legend Major Dhyan Chand.
- On this Day, President gives the National Sports Awards, National Adventure Awards, Arjuna Award, Khel Ratna, Dronacharya Award and Dhyanchand Award to perceive the excellent accomplishments of Indian sportspersons.
UN Population report
Part of: GS Prelims and GS Mains I – Society
In News
- The World Population Prospects 2019 which gives worldwide populace assessments and projections were discharged by the United Nations.
- The total populace is required to increment from 7.7 billion at present to 9.7 billion of every 2050 and the general development rate will keep on falling.
- The nations expected to show the greatest increment in the populace are India, Nigeria and Pakistan.
- Likewise, fruitfulness rates are falling worldwide from 3.2 in 1990 to 2.5 in 2019 and is anticipated to fall further to 2.2 births by 2050.
- In 2018, just because, people matured 65 years or over overall dwarfed youngsters under age five.
- By 2050, the number of people matured 65 or over will likewise outperform the number of teenagers and youth matured 15-24.
- Future (LE): Although generally, LE will increment (from 64.2 years in 1990 to 77.1 years in 2050), LE in more unfortunate nations is anticipated to keep on lingering behind.
- Sex proportion: Males are anticipated to keep on dwarfing females until the century’s end, however the hole will close
Do You know?
- Early marriage, absence of reproductive and sexual rights have major and negative repercussions on Indian women’s education, income, safety and their overall empowerment.
- India’s Maternal mortality ratio in 2015 was 174 deaths per lakh live births (down from 448 in 1994) while the global MMR in 2015 was 216.
- While 28 of every 1,000 Indian adolescent women (age 15-19) gave birth between 2006 and 2017, the global adolescent birth rate was at 44 per 1,000.
- India’s fertility rate in 2019 is 2.3 births per woman, compared to 2.5 worldwide
Mergers of Public sector banks(PSB)
Part of: GS Prelims and Mains GS-III – Economy
In News
- The government announced a megabank amalgamation plan that merged 10 PSBs into four larger entities
- Banks have been merged on the basis of likely operating efficiencies, better usage of equity, geographical synergies and their technological platform
- There are four new sets of mergers
- Punjab National Bank, Oriental Bank of Commerce and United Bank of India to merge to form the country’s second-largest lender. These three banks are technologically compatible as they use Finacle Core Banking Solution platform.
- Canara Bank and Syndicate Bank to amalgamate;
- Union Bank of India to acquire Andhra Bank and Corporation Bank;
- Indian Bank (Strong presence in South India) to merge with Allahabad Bank (strong presence in East & North India) – To maximise geographical synergies.
Do You Know?
- Out of the 10 banks that the administration has chosen to converge to make four, nine have net non-performing resources (NPAs) of over 5%.
- The administration had consolidated Dena Bank and Vijaya Bank with Bank of Baroda on January 2019, making the third-biggest bank by credits in the nation.
- With this arrangement of mergers, the quantity of state-claimed banks is down to 12 from 27.
- Narasimham Committee of 1998 had proposed a three-level financial structure for India – Three enormous banks of universal size, eight to 10 national banks and countless territorial banks.
(MAINS FOCUS)
ECONOMY
TOPIC: General Studies 2
- Government arrangements and intercessions for improvement in different segments and issues emerging out of their structure and usage.
The public sector bank merger
Context:
- The Center Friday reported a super amalgamation plan, the third in succession, that combined ten open division banks into four bigger substances, close by board-level administration changes planned for improving their monetary wellbeing and upgrading their loaning ability to help development.
The public sector bank merger
- The merger declaration was trailed by a value mixture move of Rs 55,250 crore in these banks to empower them to develop their advance book. With this arrangement of mergers, the quantity of state-possessed banks is down to 12 from 27.
There are four new sets of mergers —
- Punjab National Bank, Oriental Bank of Commerce and United Bank of India to converge to frame the nation’s second-biggest loan specialist;
- Canara Bank and Syndicate Bank to amalgamate;
- Association Bank of India to get Andhra Bank and Corporation Bank; and
- Indian Bank to converge with Allahabad Bank.
- The greatest merger out of the four was Oriental Bank of Commerce and United Bank converging into Punjab National Bank to make a second biggest state-possessed save money with Rs 17.95 lakh crore business and 11,437 branches. These three banks are mechanically perfect as they use Finacle Core Banking Solution (CBS) stage.
- The merger of Syndicate Bank with Canara Bank will make the fourth-biggest open division save money with Rs 15.20 lakh crore business and a branch system of 10,324 branches. Canara Bank will get capital implantation of Rs 6,500 crore.
- Andhra Bank and Corporation Bank’s merger with Union Bank of India will make India’s fifth-biggest open segment manage an account with Rs 14.59 lakh crore business and 9,609 branches. The administration reported a capital mixture of Rs 11,700 crore for the Union Bank of India.
- The merger of Allahabad Bank with Indian Bank will make the seventh-biggest open segment keep money with Rs 8.08 lakh crore business with solid branch arranges in the south, north and east of the nation. Indian Bank will get value mixture of Rs 2,500 crore.
The logic behind the mergers
- As indicated by the administration, banks have been converged based on likely working efficiencies, better utilization of value and their innovative stage.
- Be that as it may, the move denotes a takeoff from the arrangement to privatize a portion of the banks or getting key financial specialists to introduce change in the division.
- The legislature, after meetings, chose that amalgamation is the “best course” to accomplish banking division scale and to help the objective of accomplishing a $5 trillion monetary size for India in five years
Previous bank mergers
- A year ago, the legislature had combined Dena Bank and Vijaya Bank with Bank of Baroda, making the third-biggest bank by credits in the nation.
- Prior, the State Bank of India had obtained its partner banks
How this move will help?
- The Banking division all in all will get reinforced because of clear efficiencies and will prompt improved profitability and better outcomes in this manner prompting better loaning as well.
- The mergers should help make more grounded organizations accordingly prompting efficiencies of scale and more grounded asset reports.
- It will help justify costs crosswise over numerous zones including branches, individuals, innovation and so forth.
- The branch system would increase so access to bank offices would become simpler given the consolidated substance doesn’t close down all parts of combining banks
Connecting the dots:
- More than banks, it is the operation of banks is what creates financial inclusion. Discuss the impact on the banking sector with merging
- Why is the government keen on consolidating the banks? Are there any merits of merging the banks to create banking behemoths? Critically evaluate
(TEST YOUR KNOWLEDGE)
Model questions: (You can now post your answers in the comment section)
Q.1) Consider the following statements
- Merging of Public Sector banks will improve operating efficiencies, lead to better usage of equity, enhance geographical synergies and helps tackle rising NPA problem.
- With the recent mergers of Public sector banks, the number of state-owned banks is reduced from 27 to 12.
- Narasimham Committee of 1998 had proposed a two-tier banking structure for India – Three large banks of international size and eight to 10 national banks
Which of the statement(s) given above is/are correct?
- 1and 2 only
- 2 and 3 only
- 1 and 3 only
- 1,2 and 3
Q.2) Consider the following statements
- The World Population Prospects 2019 which gives global population estimates and projections is released by World Economic Forum
- India’s present Maternal Mortality Ratio and the adolescent birth rate are higher than the corresponding global ratio/rate.
- India’s fertility rate in 2019 is 2.3 births per woman, compared to 2.5 worldwide
Which of the statement(s) given above is/are incorrect?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1,2 and 3
Q.3) Consider the following statements
- Fit India movement is aimed at encouraging people to integrate physical activity and sports in their everyday lives.
- National Sports Day is celebrated on 29th August, the birth anniversary of hockey legend Major Dhyan Chand.
Which of the statement(s) given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q.4) Angikaar campaign is being implemented by which Union Ministry?
- Ministry of Social Justice & Empowerment
- Ministry of Tribal affairs
- Union Housing and Urban Affairs Ministry
- None of the above
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