Quiz February 22, 2019February 26, 2019
February 26,2019February 27, 2019
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
RBI takes 3 banks off PCA framework
The Reserve Bank of India has take off Allahabad Bank and Corporation Bank, from the public sector, and Dhanlaxmi Bank from the private sector out of prompt and corrective action (PCA) framework.
- The banks have shored up their capital funds and also increased their loan loss provision to ensure that the PCA parameters were complied with.
- Net NPA and leverage ratios are no longer in breach of the PCA thresholds.
- According to norms, PCA framework gets triggered when a bank breaches one of the three risk thresholds. Crossing 6% net NPA is one of them.
- RBI will continuously monitor the performance of these banks under various parameters.
What is PCA framework?
- RBI has issued a policy action guideline (first in December 2002 and revised in 2014 and 2017) in the form of Prompt Corrective Action (PCA) Framework if a commercial bank’s financial condition worsens below a mark.
- The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action.
- This trigger points are expressed in terms of parameters for the banks.
What are the parameters of PCA?
- Capital to Risk weighted Asset Ratio (CRAR)
- Net Non-Performing Assets (NPA)
- Return on Assets (RoA)
Read more at: The Hindu
Topic 1:Social development
As part of the high-level 4th Global Digital Health Partnership Summit, the ministers and delegation also adopted the Delhi Declaration.
About the Delhi Declaration:
- The Declaration is on digital health for sustainable development, which called for WHO’s leadership in digital health.
- To establish a specific mechanism to centrally coordinate digital health to assist its Member States.
- The global intergovernmental meeting on digital health is being hosted by the Ministry of Health and Family Welfare in collaboration with World Health Organization (WHO) and the Global Digital Health Partnership(GDHP).
Read more at: ET
Topic 2 : Energy
Methane hydrate-new energy source discovered
Researchers have discovered “methane hydrates” a potential fuel of the future in the Krishna-Godavari (K-G) basin off the coast of Andhra Pradesh in the Bay of Bengal.
- Methane hydrate, which is formed at low temperature and high pressure, is a solid crystal structure of water within which a large amount of methane gas is trapped.
- This is a new and completely untapped reservoir of fossil fuel, because it contains, as its name suggests, a large quantity of methane, which is the main component of natural gas.
- Global interest in the genesis of “methane seeps” in the oceans stems from the role of methane in global warming and in methane hydrate exploration.
Process of discovery:
- The discovery was made during an expedition conducted in the K-G basin onboard the Sindhu Sadhana research vessel during January-February last year.
- The active methane “seep sites” were detected by analysing the water-column images obtained through a multi-beam echo sounder.
- The mapping of the water column, coupled with precision sampling of sediment “led to the discovery of active cold seeps, associated biological communities and shallow gas hydrate.
- The diversity, spatial distribution and growth of organisms thriving in such an ecosystem are primarily controlled by fluxes of hydrogen sulfide and methane gas across the sediment-water interface
Significance of the discovery:
- The discovery has brought India on to the global cold seep map.
- It opened up the opportunity for future research on the possible role of methane emission on global warming, ocean acidification, extreme ecosystem, and bio-prospecting.
- The gas hydrates can be the future source of energy for India.
Read more at: ET
Pradhan Mantri Sahaj Bijli Har Ghar Yojana – ‘Saubhagya’ a new scheme was launched in 2017.
- Under Saubhagya free electricity connections to all households (both APL and poor families) in rural areas and poor families in urban areas will be provided.
- India will achieve 100 per cent household electrification by March 31 as envisaged in the Saubhagya scheme and the next goal is to achieve round the clock power supply to all households.
- Rural Electrification Corporation (REC) has been designated as its nodal agency for the Saubhagya scheme.
- To expedite and monitor the electrification process under Saubhagya a web portal (www.saubhagya.gov.in) was launched.
- The Saubhagya web portal has been designed and developed to disseminate information about the Household Electrification Status (State, District, Village wise), Household Progress as on date, State Wise Target vs Achieved, Monthly Electrification Progress, etc.
Scope of the Scheme:
- Providing last mile connectivity and electricity connections to all un-electrified households in rural areas.
- Providing Solar Photovoltaic (SPV) based standalone system for un-electrified households located in remote and inaccessible villages/habitations, where grid extension is not feasible or cost-effective.
- Providing last mile connectivity and electricity connections to all remaining economically poor un-electrified households in urban areas. Non-poor urban households are excluded from this scheme.
Read more at: ET