Current Affairs for Engineering Service Exam
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- General Knowledge
Topic 1:Economic development
SEBI mulls SRO for investment advisers
The Securities and Exchange Board of India (SEBI) has proposed a self regulatory organisation (SRO) for the growing number of investment advisers to address issues related to the quality of advice given to investors by such entities.
- An SRO is the first-level regulator that performs the crucial task of regulating intermediaries representing a particular segment of securities market on behalf of the regulator.
- An SRO would be seen as an extension of the regulatory authority of the SEBI and would perform the tasks delegated to it by the SEBI.
- The role of an SRO is developmental, regulatory, related to grievance redressal and dispute resolution as well as taking disciplinary actions.
- The regulator has proposed a governing board with at least 50% public interest directors along with 25% representation each of shareholder directors and elected representatives.
- The governing board can appoint a managing director or chief executive officer to manage the daily affairs of the SRO.
Read more at: The Hindu
Topic 1:Industrial development
Odisha’s Kandhamal Haldi got GI tag
‘Kandhamal Haldi’, a variety of turmeric indigenous to southern Odisha, has earned the Geographical indication (GI) tag from Intellectual Property India, an organisation functioning under the auspices of the Union ministry of commerce & industry.
- Kandhamal in Odisha’s southern hinterland is famed for its turmeric, a spice that enjoys its pride of place in an array of cuisines.
- The agricultural product also stands out for its healing properties and arresting aroma.
About GI tag:
- A GI is primarily an agricultural, natural or a manufactured product (handicrafts and industrial goods) originating from a definite geographical territory.
- Once the GI protection is granted, no other producer can misuse the name to market similar products. It also provides comfort to customers about the authenticity of that product.
- GI is covered as element of intellectual property rights (IPRs) under Paris Convention for Protection of Industrial Property.
Read more at: Business standard
Automation and Job Market
A recently released report by the International Labour Organization (ILO) dwells on automation and employability.
About the report:
- The report titled “Changing Business and Opportunities for Employer and Business Organizations” lists the percentage of work activities that can be automated using current technology.
- In the case of India, 51.8% of activities can be automated.
- As the report points out: “Robotic automation is having the greatest impact, replacing low-skilled jobs and simple assembly tasks.”
- Japan and Thailand run the risk of 55.7% and 54.8%, respectively, of their activities being automated.
- Over 40% of activities can be automated across the world.
Who will be hurt by this automation?
- The report says automation will likely impact “most jobs involving highly structured physical activity in predictable environments, such as manufacturing and retail, alongside data collection and processing”.
- Jobs that have some semblance of a routine are more at threat than others.
- The automation threatens to impact women more than men, suggests the report. This is primarily because automation threatens sectors where women form a major part of the workforce.
What does the report say in the Indian context?
- A significant point made by the ILO report is that 66% of Indian businesses are looking for quite a different set of skills among new recruits than they did three years ago.
- The report suggests is that India also has an employability crisis.
- A major reason for this lies in the fact that education systems are not well equipped to adapt to changes at the workplace.
Read more at: Livemint
Topic 2 : Environment
The State of Global Air 2019 report
The State of Global Air 2019 was released by US-based organisation Health Effects Institute (HEI). As per the report over 1.2 million people died in India due to air pollution in 2017.
About the report:
- The overall long-term exposure to outdoor and indoor air pollution contributed to nearly 5 million deaths from stroke, diabetes, heart attack, lung cancer, and chronic lung disease in 2017.
- Out of these, 3 million deaths are directly attributed to PM2.5, half of which is from India and China together.
- The analysis found that China and India together were responsible for over half of the total global attributable deaths, with each country facing over 1.2 million deaths from all air pollution in 2017.
- Air pollution is the third highest cause of death among all health risks in India, ranking just above smoking.
- As per the report, the life of a South Asian child born today will be shortened by two years and six months growing up in current high levels of air pollution, while the global life expectancy loss is 20 months.
Read more at: The Hindu
Topic 2 : Energy
India gains access to Bolivian lithium reserves
India has leveraged its way into the Bolivian lithium reserves after signing a Memorandum of Understanding (MoU) in Bolivia for development and industrial use of lithium, a prime component used to power electric vehicles and cell phones.
- Both the countries agreed to forge mutually beneficial partnership to facilitate Bolivian supplies of lithium Carbonate to India and foster joint ventures for lithium battery / cell production plants in India.
- The move will make Bolivia, which is known to have one-fourth of the world’s lithium reserves, one of the major provider of metal for India’s e-mobility and e-storage needs.
- This agreement is supposed to form the backbone for the recently launched FAME India policy (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) and
- It will give a substantial push to India’s ambition to have at least 30 per cent of its vehicles run on electric batteries by 2030.
Read more at: ET
Topic 3 : ICT
Café Scientifique initiative
The Café Scientifique’ is the first of its kind initiative in the State of Kerala.
To bring science back into popular culture by demystifying scientific research for the public and empowering non-scientists to comfortably assess science and technology issues, particularly those that impact social policy making.
About the initiative:
- Café Scientifique is a grassroots public science initiative based on the French Café Philosophique model.
- Originating in England, the concept quickly gained popularity and was adopted by other countries.
- The project is aimed at making science relevant, powerful and important to the public, especially the younger generations.
- Various topics such as universe, climate change, evolution, genetics and human-animal relations will be discussed in every monthly gathering.
Read more at: The Hindu