August 7&8, 2018

Quiz _ August 5&6 ,2018
August 8, 2018
Quiz – August 7&8 ,2018
August 10, 2018

Current Affairs for Engineering Service Exam

Video Lectures and Test Series for ESE 2019

 Topics list:

  1. National and International Issues on
    1. Economic Development
    2. Social Development
    3. Industrial Development
  2. Energy and Environment
    1. Energy
    2. Environment
  3. Information and Communication Technology
    1. Technology
    2. Application
  4. The Key Initiatives of Government
  5. General Knowledge

Topic 1:Economic development

Control and resolution of NPAs

As per RBI inputs, the primary reasons for spurt in stressed assets have been observed to be among others

  1. aggressive lending practices,
  2. wilful default /loan frauds/corruption in some cases,
  3. and economic slowdown.

Asset Quality Review (AQR) initiated in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of non-performing assets (NPAs). As per AQR stressed accounts were reclassified as NPAs.

Steps taken to resolve NPAs

  • The Insolvency and Bankruptcy Code, 2016 (IBC) has been enacted
    • to create a unified framework for resolving insolvency and bankruptcy matters.
    • Under this, the interim resolution professional takes over management of affairs of corporate debtor.
    • Debarment of wilful defaulters and persons associated with NPA accounts from the resolution process
  • The Banking Regulation Act, 1949 has been amended to provide for authorisation to RBI to issue directions to banks to initiate the insolvency resolution process under IBC.
  • The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has been amended to make it more effective.
  • Debts Recovery Tribunals have been established to expedite recovery.
  • Under the Public Sector Banks (PSBs) Reforms Agenda, PSBs have created stressed asset management verticals for stringent recovery

Outcome

Enabled by these steps, NPAs of SCBs reduced by Rs. 2,57,979 crore due to recoveries during the last four financial years (as per RBI data on domestic operations).

Read more at: PIB

Topic 1:Industrial development

The non-compliance with CSR provisions

The Ministry of Corporate Affairs has issued preliminary notices to 272 companies for alleged non-compliance with CSR provisions under the companies law.

Corporate Social Responsibility

  • Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable
  • Under the Companies Act, 2013, certain class of entities are required to spend at least two per cent of their three-year average net profit towards Corporate Social Responsibility (CSR) activities.
  • Section 135 of the Companies Act provides the threshold limit for applicability of the CSR to a Company
  • CSR are not only applicable to Indian companies, but also applicable to branch and project offices of a foreign company in India.
  • The activities that can be done by the company to achieve its CSR obligations include eradicating extreme hunger and poverty, promotion of education, promoting gender equality and empowering women, reducing child mortality and improving maternal health etc

The ministry has established Centralised Scrutiny and Prosecution Mechanism (CSPM) in April, 2018 for the financial year 2015-16 onwards on pilot basis for enforcement of CSR provisions.

Read more at: ET

Topic 2 : Energy

Discovered Small Field Policy

Bid round –II under Discovered Small Field Policy will be launched on 9th August, 2018. At present India is the 3rd largest energy consumer in the world. And the demand is going to increase in coming years.

Policy reforms:

  • Government has implemented new contracting policies such as the Open Acreage Licensing Policy (OALP), and the Discovered Small Fields (DSF) policy.
  • These are primarily based on the four energy pillars viz. Energy Access, Energy Efficiency, Energy Sustainability and Energy Security.

About Discovered Small Fields Policy:

  • Launched in 2016
  • The motive is extracting the Oil, Natural gas from the un-monetized small oil/gas discoveries that are available in the country.
  • It provides an easy investment option for new and existing players with minimal risk.
  • The Government is now to rolling out DSF Bid Round-II which is offering larger field areas in commercially producing basins.

Read more at: PIB

Topic 3 : ICT

Centralised health record for citizens

Government of India has issued guidelines/ standards with an objective to introduce a uniform standards based system for creation of Electronic Health Records (EHRs) by the Health care providers

  • The Ministry has  set up National Resource Centre for EHR Standards (NRCeS)
  • NRCeS helps in the adoption of the notified EHR Standards
  • The technical association is with Centre for  Development of Advanced Computing (C-DAC), Pune
  • Aims for providing assistance in developing, implementing and using EHR standards effectively in healthcare Information Technology (IT) applications.

Read more at: PIB

Topic 4: The Key Initiatives of Government

Focus North East

  • Promotion of Organic Agriculture
  • Developing North Eastern States as Organic Capitals
  • Six new Agriculture Colleges to be set up in North East
  • Sikkim becomes the First fully organic state in the country
  • Mizoram on India’s railway map, first broad gauge freight train enters state on
  • Tripura on India’s broad gauge railway map·         
  • Meghalaya on the Indian Railways map.     
  • IshanUdaya special scholarship for NE Students for general and professional degree courses, including medical and paramedical courses·   
  • IshanVikas to provide exposure visits for talented students from the NE region for internship in IITs, NITs, NIFTs
  • Setting up of 1st National Sports University in Manipur

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