Current Affairs for Engineering Service Exam
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- The Key Initiatives of Government
- General Knowledge
Topic 1:Economic development
Index of Industrial Production
- The Index of Industrial Production (IIP) is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time.
- The IIP index is computed and published by the Central Statistical Organisation (CSO) on a monthly basis.
- The current base year for the IIP series in India is 2011-12#
A Base Year
- A base year is the first of a series of years in an economic or financial index.
- It is typically set to an arbitrary level of 100.
- Sectoral classification:
- Industrial production for the purpose of IIP is divided into three sectors, i.e, Mining, Manufacturing and Electricity.
- In ‘Sectoral’ classification, relative weights of Manufacturing, Mining and Electricity are 75.5%, 14.2% and 10.3% respectively.
2. Use-based classification:
- The industry wise indices/growth rates, the users also require the indices in respect of different use-based categories, i.e., basic goods, capital goods, intermediate goods, consumer durables and consumer nondurables.
- In “Use Base” classification, relative weights of Basic Goods, Capital Goods, intermediate goods and Consumer Goods are 45.68%, 8.83%, 15.68 and 29.81% respectively.
Read more at: PIB
Financial Resolution and Deposit Insurance Bill
The Financial Resolution and Deposit Insurance Bill, 2017 proposes a comprehensive resolution framework for specified financial sector entities and service providers to deal with bankruptcy in banks, insurance companies and financial sector entities.
- The Bill establishes a Resolution Corporation to monitor financial firms, anticipate risk of failure, take corrective action, and resolve them in case of such failure.
- The Resolution Corporation will take over the management of a financial firm once it is classified as ‘critical’
- Resolution may be undertaken using methods including:
- Merger or acquisition
- Transferring the assets, liabilities and management to a temporary firm, or
Read more at: The Hindu
Topic 1:Social development
- The MGNREGA(Mahatma Gandhi National rural employment guarantee program) is designed to provide job guarantee for at least 100 days in rural parts of the country.
- All the adult members of the any family in rural part of the country are eligible.
- MGNREGA is to be implemented mainly by gram panchayats (GPs)
- employment under MGNREGA is a legal entitlement.
- Apart from providing economic security and creating rural assets, NREGA can help in protecting the environment, empowering rural women, reducing rural-urban migration and fostering social equity, among others
Read more at:PIB
Topic 3 : ICT
Telecom Commission (a group within India’s Department of Telecom) has approved the recommendations made by the Telecom Regulatory Authority of India (TRAI) on net neutrality.
- The move aims to ensure that all web traffic is treated fairly
- The internet service providers should not block, throttle, or favor any content or services (with a few reasonable exceptions).
- It will not allow anybody to create monopolies on the internet by getting specialized treatment by paying for it.
Net Neutrality rules:
- A bar on blocking or slowing down of content
- Allowing fast lanes only for ‘critical’ services
- Keep ‘content delivery networks’ out of their ambit.
A content delivery network (CDN): A content delivery network (CDN) is a system of distributed servers that deliver pages and other Web content to a user, based on
- the geographic locations of the user,
- the origin of the webpage and
- the content delivery server.
CDN is effective in speeding the delivery of content of websites with high traffic and websites that have global reach. The closer the CDN server is to the user geographically, the faster the content will be delivered to the user.
The highest decision-making body in the Department of Telecommunications (DoT)
Read more at: TOI
Global Innovation Index
The Global Innovation Index (GII) has ranked India as the 57th most innovative nation in the world.
- India improved its ranking from 60th position last year
- The GII is being developed jointly by Cornell University, the Paris-based business school Insead and the World Intellectual Property Organisation (WIPO) in Geneva.
- GII ranks 126 economies based on 80 indicators.
- The theme of 2018 is Energizing the World with Innovation.
- It analyses the energy innovation landscape of the next decade and identifies possible breakthroughs in fields such as energy production, storage, distribution, and consumption.
- Switzerland is at the top followed by Netherlands and Sweden
Read more at: ET
Topic 4: The Key Initiatives of Government
- Under the mission, Department of Rural Development in partnership with State Governments has involved in ranking 50,000 Gram Panchayats.
- The ranking is based on parameters of physical infrastructure, human development and economic activities
- It facilitates identification of gaps in a quest for poverty free gram panchayats and drive economic activities.
- Public institutions like Krishi Vigyan Kendras, MSME Clusters will be involved for enhancing productive employment and economic activities.
- It is a data intelligence platform that will provide all information to the elected representatives to track the performance of all the major flagship schemes of the different central ministries in their respective districts and constituencies
- The portal will help in planning and evaluating time-bound development of the districts with regards to a scheme, such as Swachh Bharat Mission, Mahatma Gandhi National Rural Employment Guarantee Scheme, Pradhan Mantri Ujjwala Yojana, among others.
- With the help of the DISHA Dashboard, the District Development Coordination and Monitoring Committee can access data at the level of a state, district, sub district and Gram Panchayat.
- The main purpose of the committee is to coordinate with Central and State and local Panchayat Governments.
- The chairperson of the committee is the senior most MP (Lok Sabha) elected from the district, nominated by the Ministry of Rural Development.