June 13,2018

June 12,2018
June 12, 2018
Quiz – June 11, 2018
June 13, 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

Low recoveries of NPAs: RBI data

The public sector banks have claimed a Rs. 1,50,960 crore reduction in their non-performing asset (NPA) levels over 2017-18, about 55% of this was due to write-offs and only 27% was actual recoveries, according to data provided by RBI Governor.

Highlights:

  • Private sector banks saw a reduction of Rs. 46,091 crore in their NPA levels by December 31, 2017 compared with what they were as of April 1, 2017.
  • For private sector banks, about 40.2% of the reduction in their NPA levels was due to write-offs.
  • Gross NPAs with public sector banks stood at Rs. 7,77,280 crore at the end of December 2017, up from Rs. 5,39,968 crore as on March 31, 2016.
  • The data also showed that bank frauds increased in both number and value over the last three years.

About NPA:

  • A non performing asset (NPA) refers to a classification for loans or advances that are in default or are in arrears on scheduled payments of principal or interest.
  • In most cases, debt is classified as nonperforming when loan payments have not been made for a period of 90 days.
  • While 90 days of nonpayment is the standard, the amount of elapsed time may be shorter or longer depending on the terms and conditions of each loan.

Read more at: The Hindu

Topic 1:Social development

Literacy programme

  • Aksharasanthwanam  a programme initiated by the Kerala State Literacy Mission Authority.
  • It will helps residents of destitute homes, old-age homes, and mental health centres on the path of education.

Read more at: The Hindu

Topic 1:Industrial development

Law on contract farming

A new legislation  the Tamil Nadu Agricultural Produce Contract Farming (Promotion and Facilitation) Act, 2018  would be enacted during 2018-19, and brought into force for the benefit of farmers and contract farming sponsor.

Highlights:

  • The new Act would be based on the Model Contract Farming Act, 2018, which the Centre had come up with.
  • The buyers can get assured supply at a predetermined price.
  • Contract farming would also assist in creating new markets, efficiency and economies of scale, ensuring quality standards, facilitating diffusion of modern technologies, minimising transaction costs, coping with information asymmetries, price volatility and sharing of risk.

About Contract farming

  • Contract farming can be defined as agricultural production carried out according to an agreement between a buyer and farmers, which establishes conditions for the production and marketing of a farm product or products.
  • The farmer agrees to provide agreed quantities of a specific agricultural product. These should meet the quality standards of the purchaser and be supplied at the time determined by the purchaser.
  • In turn, the buyer commits to purchase the product and, in some cases, to support production through, for example, the supply of farm inputs, land preparation and the provision of technical advice.

Read more at:The Hindu

New technology for shrimp feed

The Tamil Nadu Dr. J. Jayalalithaa Fisheries University has developed a new feed that will aid in the growth of the vannamei shrimp and the tilapia fish.

Highlights:

  • Using biofloc, a new technology that obviates the need for the use of plankton in aquaculture, the feed called Nutrifloc has been developed.
  • The Technology balance the carbon-nitrogen ratio in the water due to which certain microbes develop. These microbes help maintain the quality of the water and reduce formation of sludge,
  • The technology reduces the use of water, which earlier had to be changed on a regular basis, brings down power consumption and cuts the cost of feed.
  • With the adoption of the technology, aquaculture can be done indoors as well since sunlight would be required only for those using plankton.

Read more at: The Hindu

Topic 2 : Energy

ISRO offers battery technology

The drive for indigenously made lithium ion batteries on a large scale has got a push with the Indian Space Research Organisation offering its production technology to Indian industry.

Highlights:

  • It invites multiple qualified companies or start-ups to use its power storage technology to produce a range of Li ion cells for many purposes, mainly EVs or electric vehicles.
  • ISRO’s rocket sciences node Vikram Sarabhai Space Centre will transfer its in-house technology non-exclusively to each qualified production agency for a one-time fee of Rs. 1 crore, according to the document.
  • The Li ion cell production initiative is part of the government’s plan to achieve 100% EVs in the country by 2030.
  • Li ion battery is much in demand for use in handy consumer electronics goods too.
  • ISRO has also invited industries to take up other new technologies from its centre.

Read more at: The Hindu

Topic 4: The Key Initiatives of Government

Paramparagat Krishi Vikas Yojana

  • It is to promote organic farming and the products will be linked with the market.
  • It is to promote organic farming and the products will be linked with the market.
  • There is no liability for farmers for expenditure on certification

Quality Mark award scheme

  • The National Dairy Development Board with the support of Department of Animal Husbandry, Dairying and Fisheries has initiated Quality Mark award scheme for dairy cooperatives.
  • It is to promote and encourage enhancement of safety, quality and hygiene of milk and milk products manufactured by dairy cooperatives.  
  • It is aimed at bringing about process improvement in the entire value chain from producer to the consumer to ensure availability of safe and quality of milk and products both for the domestic and foreign market.

Price Stabilisation Fund Scheme

  • The Price Stabilization Fund (PSF) was set up in 2014-15 under the Department of Agriculture, Cooperation & Famers Welfare (DAC&FW).
  • The PSF scheme was transferred from DAC&FW to the Department of Consumer Affairs (DOCA) in 2016.
  • The fund is to help regulate the price volatility of important agri-horticultural commodities like onion, potatoes and pulses were also added subsequently.
  • The scheme provides for maintaining a strategic buffer of aforementioned commodities for subsequent calibrated release to moderate price volatility and discourages hoarding and unscrupulous speculation.  
  • For building such stock, the scheme promotes direct purchase from farmers/farmers‘ association at farm gate/Mandi.  
  • The PSF is utilized for granting interest free advance of working capital to Central Agencies, State/UT Governments/Agencies to undertake market intervention operations.
  • Apart from domestic procurement from farmers/wholesale mandis, import may also be undertaken with support from the Fund.
  • The agricultural ministry has recently proposed to include Milk in the PSF which is not yet confirmed.

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