January 3,2019

Quiz January 02, 2019
January 3, 2019
Quiz January 03, 2019
January 4, 2019

Current Affairs for Engineering Service Exam

 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
  1. General Knowledge

Topic 1:Economic development

Amalgamation of Vijaya, Dena and Bank of Baroda

The Union Cabinet has approved the scheme of amalgamation for amalgamating Bank of Baroda, Vijaya Bank and Dena Bank, with Bank of Baroda as the transferee bank and Vijaya Bank and Dena Bank as transferor banks.

Highlights

  • The amalgamation will be the first-ever three-way consolidation of banks in India, with the amalgamated bank being India’s second largest Public Sector Bank.
  • The amalgamation will help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies.
  • Leveraging of networks, low-cost deposits and subsidiaries of the three banks has the potential of yielding significant synergies for positioning the consolidated entity for substantial rise in customer base, market reach, operational efficiency, wider bouquet of products and services, and improved access for customers.

Key points of the Scheme of amalgamation:

  • Vijaya Bank and Dena Bank are transferor banks and BoB is transferee bank.
  • The scheme shall come into force on 1.4.2019.
  • Upon commencement of the scheme, the undertakings of the transferor banks as a going concern shall be transferred to and shall vest in the transferee bank, including, inter alia, all business, assets, rights, titles, claims, licenses, approvals and other privileges and all property, all bor­rowings, liabilities and obligations.
  • Every permanent and regular officer or employee of the transferor banks shall become an officer or employee and shall hold his office or service therein in the transferee bank.
  • The Board of the transferee bank shall ensure that the interests of all transferring employees and officers of the transferor bank are protected.
  • The transferee bank shall issue shares to the shareholders of transferor banks as per share exchange ratio.

Advantages:

  • Better equipped in the changing environment to meet the credit needs of a growing economy, absorb shocks and capacity to raise resources.
  • It would also enable creation of a bank with scale comparable to global banks and capable of competing effectively in India and globally.
  • Market reach, operational efficiencies and the ability to support a wider offering of product and services will be higher.
  • The amalgamated banks will have access to a wider talent pool, and a large database that may be leveraged through analytics for competitive advantage in a rapidly digitalising banking context.
  • Wider reach and distribution network and reduction in distribution costs for the products and services through subsidiaries
  • Public at large shall benefit in terms of enhanced access to banking services through a stronger network, the ability to support a wider offering of product and services, and easy access to credit.

Read more at: PIB

Topic 1:Social development

Rastriya Yuva Sashaktikaran Karyakram Scheme

The Union Cabinet has approved the continuation of Rashtriya Yuva Sashaktikaran Karyakram Scheme for the Period 2017-18 to 2019-2020.

Highlights:

  • In consultation  with Ministry of Finance and NITI Aayog, the eight schemes were brought under the umbrella scheme of Rashtriya Yuva Sashaktikaran Karyakram as sub-schemes.
  • Following are eight sub-schemes under Rashtriya Yuva Sashaktikaran Karyakram:
  1. Nehru Yuva Kendra Sangathan(NYKS);
  2. National Youth Corps (NYC);
  3. National Programme for Youth & Adolescent Development (NPYAD)
  4. International Cooperation
  5. Youth Hostels (YH);
  6. Assistance to Scouting & Guiding Organizations;
  7. National Discipline Scheme (NDS); and
  8. National Discipline Scheme (NDS); and

About Rastriya Yuva Sashaktikaran Karyakram Scheme:

  • The Rashtriya Yuva Sashaktikaran Karyakram Scheme is an ongoing Central Sector Scheme of the Ministry of Youth Affairs & Sports and has been continuing since 12th Five Year Plan.
  • The Scheme aims to develop the personality and leadership qualities of the youth and to engage them in nation building activities.

Read more at: PIB

Topic 1:Industrial development

National Bamboo Mission

The restructured National Bamboo Mission (NBM) has been launched in April, 2018 . The scheme aims to supplement farm income of farmers with focus on the development of complete value chain of bamboo sector to link growers with consumers.

The objectives of the Mission:

  • To increase the area under bamboo plantation in non forest Government and private lands to supplement farm income and contribute towards resilience to climate change as well as availability of quality raw material requirement of industries.
  • To improve post-harvest management through establishment of innovative primary processing units near the source of production, primary treatment and seasoning plants, preservation technologies and market infrastructure.
  • To promote product development keeping in view market demand, by assisting R&D, entrepreneurship & business models at micro small and medium levels and feed bigger industry.
  • To rejuvenate the underdeveloped bamboo industry in India.
  • To promote skill development capacity building, awareness generation for development of bamboo sector from production to market demand.
  • To re-align efforts so as to reduce dependency on import of bamboo and bamboo products by way of improved productivity and suitability of domestic raw material for industry, so as to enhance income of the primary producers.

Read more at: PIB

Topic 2 : Environment

Cinereous Vulture

Cinerous vulture for the first time in the Jharkhand region.

Highlights:

  • It is one of the heaviest and largest raptors in the world.
  • It is classified as “Near Threatened” in IUCN Red list of threatened species.
  • It is listed in Appendix II in CITES listings.
  • This species has a moderately small population which appears to be suffering an ongoing decline in its Asiatic strongholds, despite the fact that in parts of Europe numbers are now increasing.
  • It generally occupies forest, shrubland and grassland.
  • It is usually during the winter, it migrates from the mountainous regions of Europe and Asia to warmer places, including India.
  • Its geographical range expands from European countries (such as Portugal, Spain, Croatia, Serbia etc), Middle East countries ( Turkey, Lebanon, Saudi Arabia etc), Central Asia (Russia, Azerbaijan, Georgia, Kazakhstan, Tajikistan, Iran etc), Asia (India, Afghanistan, Myanmar, Korea, Vietnam).

Read more at: The Hindu

Topic 3 : ICT

Samwad with Students Initiative

ISRO has recently launched a new platform named “Samwad with Students”.

Highlights:

  • ISRO aims to constantly engage youngsters across India to capture their scientific temperament.
  • The first SwS event saw 40 students and 10 teachers from select schools interact with ISRO Chairman.

Read more at: PIB

Topic 4: General Knowledge

Renaming of Allahabad as Prayagraj

Union Home Ministry has approved the Uttar Pradesh government’s proposal to rename Allahabad as Prayagraj.

The procedure for changing the name:

  • For changing the name of a village or town or a city, an executive order is needed.
  • The renaming of a state requires amendment of the Constitution with a simple majority in Parliament.
  • According to the existing guidelines for the renaming of railway stations, villages, towns and cities,
  1. It is mandatory to obtain a No Objection Certificate (NOC) from the Union Home Ministry by the respective state government.
  2. The Union Home Ministry considers the proposals of name change in consultations with the Ministry of Railways, Department of Posts and Survey of India.
  3. These organisations have to confirm that there is no such city, town or village in their records with a name similar to the proposed one

Read more at: Livemint

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