July 2,2017

Quiz – June29 ,2018
July 1, 2018
Quiz – July 1, 2018
July 2, 2018

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
  4. The Key Initiatives of Government
  5. General Knowledge

Topic 1:Economic development

Instant PAN card service

The Income Tax Department has launched an ‘instant’ Aadhaar-based PAN allotment service.

Key Facts:

  • The facility is free of cost and instant allotment of e-PAN is available for a limited period.
  • The facility was introduced because of the increasing number of people applying for the PAN
  • A fresh PAN will be allotted on the basis of a one-time password sent on the mobile number linked to the Aadhaar number of a person.
  • The new PAN will have the same name, date of birth, gender, mobile number and address as in the Aadhaar.
  • The e-PAN facility is only for resident individuals and not for Hindu Undivided Family, firms, trusts and companies
  • The Central Board of Direct Taxes, which makes policies for the Income Tax Department, extended the deadline for the PAN-Aadhaar linking.

Read more at: The Hindu

FDI growth hits

Foreign direct investment (FDI) in India is recording a five-year low according to the latest data of the Department of Industrial Policy and Promotion (DIPP)

Highlights:

  • Foreign inflows in the country grew by 8.67% in 2016-17, 29% in 2015-16, 27% in 2014-15, and 8% in 2013-14.
  • FDI inflows recorded a negative growth of 38% in 2012-13.
  • UNCTAD report  recently stated that FDI in India decreased to $40 billion in 2017 from $44 billion in 2016
  • Where as outflows from India, the main source of the FDI in South Asia, more than doubled to $11 billion.

Reforms needed:

  • To revive domestic investments
  • Improve ease of doing business in the country to attract foreign investors
  • Revisit FDI policy

About FDI:

  • Foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country.
  • FDI takes place when an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company.

Read more at:The Hindu

Govt. panel to upgrade data norms

The government has set up a 13-member committee to upgrade the norms for computation of economic data at state and district level.

Change in base year:

  • The Ministry of Statistics and Programme Implementation (MOSPI) will change the base year to 2017-18 for the calculation of GDP and IIP numbers from the current 2011-12
  • Aim to capture changes in the economy.

Read more at: The Hindu

Banking Codes and Standards Board of India (BCSBI)

Banking Codes and Standards Board of India (BCSBI) was set up in February 2006 as a collaborative effort by the Reserve Bank of India (RBI), the Indian Banks’ Association (IBA) and banks to define benchmarks for banking services.

Banking codes:

  • Reserve Bank of India issues regulatory instructions to banks on various matters, including customer service.
  • The codes are a voluntarily declared commitment, as a self regulation, of member-banks to their customers explaining how they will deal with their customers in their day-to-day operations.
  • The codes complement regulatory guidelines.
  • They do not replace or supersede regulatory guidelines

Read more at: The Hindu

Topic 2 : Environment

Kudimaramathu scheme

  • Tamil Nadu has launched de-silting and renovation of 64 ‘kanmais’ under the kudimaramathu scheme, the traditional system of involving the user community in cleaning water bodies
  • The  water bodies would be de-silted ahead of the north east monsoon to store the rainwater

Read more at: The Hindu

Topic 3 : ICT

Flying AI companion

A robot to assist astronauts, launched from Florida become the first artificial intelligence-powered personal companion in space

Highlights:

  • The Crew Interactive Mobile Companion, or CIMON, is English-speaking
  • CIMON will verbally communicate step-by-step instructions
  • CIMON could help mitigate the disorientation astronauts may feel in space.

Read more at: The Hindu

Topic 4: The Key Initiatives of Government

Pradhan Mantri Yuva Yojana

  • Pradhan Mantri YUVA Yojana (Yuva Udyamita Vikas Abhiyan) is a is a centrally sponsored Scheme on entrepreneurship education and training
  • implemented by the Ministry of Skill Development and Entrepreneurship
  • The scheme aims at creating a culture of Entrepreneurship amongst youth by motivating, educating and equipping them with basics skills of entrepreneurship.
  • Also, promote development of social enterprises for inclusive growth.
  • PM-YUVA Yojana has four specific objectives
  1. Educate and equip potential and early stage entrepreneurs
  2. Connect entrepreneurs in enabling networks of peers, mentors, incubators, funding and business services
  3. Coordinate and support entrepreneurs through Entrepreneurship Hubs(E-Hubs)
  4. Catalyze a culture shift to support aspiring entrepreneurs

The target beneficiaries of the scheme are categorized as follows:

  1. Traditional students enrolled in degree programme across undergraduate/ postgraduate courses/ PhD programme/ Diploma
  2. School Students
  3. Students in Industrial Training Institutes (ITIs)
  4. All citizens including unorganized sector, women, and existing entrepreneurs in rural as well as urban areas, who would like to take up entrepreneurship education through coordination and support programmes

COMMON SERVICE CENTRES

  • Common Services Centre (CSC) programme is an initiative of the Ministry of Electronics & IT (MeitY), Government of India.
  • CSCs are the access points for delivery of various electronic services to villages in India, thereby contributing to a digitally and financially inclusive society.
  • CSCs are more than service delivery points in rural India.
  • They are positioned as change agents, promoting rural entrepreneurship and building rural capacities and livelihoods.
  • They are enablers of community participation and collective action for engendering social change through a bottom-up approach with key focus on the rural citizen.
  • CSC e-Governance Services India Limited is a Special Purpose Vehicle (CSC SPV) incorporated under the Companies Act, 1956 by the Ministry of Electronics and Information Technology (MeitY), Government of India, to monitor the implementation of the Common Services Centers Scheme.
  • CSC e-Governance Services India Limited is a Special Purpose Vehicle (CSC SPV provides a centralized collaborative framework for delivery of services to citizens through CSCs, besides ensuring systemic viability and sustainability of the scheme.

Common Service Centres and Digital India

  • Digital India is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy.
  • CSCs enable the three vision areas of the Digital India programme:
  1. Digital infrastructure as Utility to Every Citizen
  2. Governance and services on demand
  3. Digital empowerment of citizens

Topic 5: General Knowledge

Agni-V

India’s longest-range ballistic missile, Agni-V, will be inducted into the nuclear arsenal very soon.

Key Facts:

  • The Intermediate Range Ballistic Missile (IRBM) with a range of over 5,000 km can reach most parts of China and other parts of Asia, Europe and Africa
  • It is a strategic asset which will act as a deterrent
  • The missile features the latest technologies for navigation and improved accuracy.
  • It carries Multiple Independently Targetable Re-entry Vehicles (MIRV) payloads. A single MIRV equipped missile that can deliver multiple warheads at different targets.
  • It is the most advanced having new technologies incorporated with it in terms of navigation and guidance, warhead and engine.

About Agni series:

  • The Agni series of missiles constitute the backbone of India’s nuclear weapons delivery, which also includes the Prithvi short-range ballistic missiles and fighter aircraft
  • India has inducted three Agni series strategic missiles which gives India an effective deterrence capability. Inducted missiles are Agni-I (700 km), Agni-II (2,000 km) ,Agni-III (3,000 km), Agni-IV (4,000 km)currently Agni-V (5,000 km) will be inducted into the nuclear arsenal very soon.

Read more at: The Hindu

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