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
Topic 1:Economic development
MCLR and base rate merger
The Reserve Bank of India (RBI) may mandate banks to allow customers who signed up for loans in the erstwhile ‘Base Rate’ regime to shift to the current ‘MCLR’ structure.
- Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers.
- Base rate is decided in order to enhance transparency in the credit market.
- Loan pricing will be done by adding base rate and a suitable spread depending on the credit risk premium.
- Marginal Cost of Funds based Lending Rate (MCLR) is the minimum interest rate, below which a bank is not permitted to lend, barring a few exceptional cases as permitted by the Reserve Bank of India (RBI).
- MCLR is more sensitive to policy rate signals
- It has been decided to link the base rate to the MCLR.
- MCLR replaced the existing base rate system from 1 April 2016.
Read more at: The Hindu
Topic 1:Industrial development
Ennore port expansion gets green nod
An expert appraisal committee (EAC) of the Union Ministry of Environment and Forests has recommended granting of Environmental Clearance and CRZ clearance for the Phase-III expansion of the Kamarajar Port Ltd (KPL) in Ennore.
- The EAC had recommended the clearance based on the draft Coastal Zone Management Plan (CZMP) 2018.
- The expansion proposals of KPL include an automobile export/import terminal, container terminal, bulk terminal, multi cargo berth and marine liquid terminal.
About Ennore Port:
- Ennore Port, officially renamed Kamarajar Port Limited, is located on the Coromandel Coast about 24 km north of Chennai Port, Chennai,
- The Kamarajar Port Limited is the only corporatised major port and is registered as a company.
- The Centre holds a stake of about 68 per cent in the Kamarajar Port Limited and the remaining 32 percent is held by the Chennai Port Trust.
Read more at: The Hindu
The new National Auto Policy
The new National Auto Policy is likely to be finalised in the next three months.
- It envisages having a single nodal regulatory body for the automobile industry.
- Strengthening the FAME India (Faster Adoption and Manufacturing of Electric & Hybrid Vehicles) scheme further for the faster adoption of eco-friendly automobile technologies.
- Emission-linked taxation on automobiles
- Rationalisation of the GST structure for automobiles that is currently based on length, engine displacement, engine type and ground clearance.
Read more at: The Hindu
Topic 2 : Environment
The Gurugram forest department on Saturday completed the drone mapping of two villages in the first phase to check encroachment or illegal activities in the Aravallis.
Drone Surveillance will help in:
- High-resolution mapping of the forested terrain
- Making 3D models of the forest and wildlife
- Gathering information on the terrain and vegetation
- Gathering data on the state of the forest
- Tracking encroachments, if any
- Gathering details on the local wildlife in a bid to enable officials to draw up a forest management plan
- Helping develop decision support systems
- Capturing pictures and videos, which are better than satellite images, and can be used for making a 3D model of the area
- Taking high quality images of the terrain
- Giving officials more clarity on the distribution of vegetation and wildlife in the area
- Tracking traps laid by poachers, if any
- Determining the extent of water scarcity
- Tracking water pits
- Mounting rescue operations
Impact of sand mining
- Excessive instream sand-and-gravel mining causes the degradation of rivers.
- Depletion of sand in the streambed and along coastal areas causes the deepening of rivers and estuaries, and the enlargement of river mouths and coastal inlets
- It may also lead to saline-water intrusion from the nearby sea
- Sand mining also affects the adjoining groundwater system
- Many hectares of fertile streamside land are lost annually
- Degraded stream habitats result in lost of fisheries productivity, biodiversity, and recreational potential
- Affects Stability of Structures
- Increased riverbed and bank erosion increases suspended solids in the water
- reduced water quality
Read more at:HT
Topic 2 : Energy
Himachal Pradesh hydro power projects
Himachal Pradesh has total identified potential of 27,400 MW of which only 10,519 MW has been generated so far.
- Inaccessible terrain, tough geographical and climatic conditions
- Opposition from local people and green activists.
- The high altitude regions and are ecologically fragile.
- The investors reluctant to take up projects.
Read more at: ET
Topic 4: The Key Initiatives of Government
Ek Bharat Shrestha Bharat
- It was announced on the occasion of the 140th birth anniversary of Sardar Vallabhbhai Patel.
- It aims to actively enhance interaction between people of diverse cultures living in different States and UTs, with the objective of promoting greater mutual understanding amongst them.
- As per the programme, each year, every State/UT would be paired with another State/UT in India for reciprocal interaction between the people.
- Through this innovative measure, the knowledge of the culture, traditions and practices of different States & UTs will lead to an enhanced understanding and bonding between the States, thereby strengthening the unity and integrity of India.
- Ministry of HRD and National Council for Teacher Education collaborated to build Diksha portal.
- DIKSHA will serve as National Digital Infrastructure for Teachers.
- It will enable all teachers across nation to be equipped with advanced digital technology.
- It will aid teachers to learn and train themselves for which assessment resources will be available.
- It will help teachers to create training content, profile, in-class resources, assessment aids, news and announcement and connect with teacher community.
- States, government bodies and even private organisations, can integrate DIKSHA into their respective teacher initiatives
- Swabhimaan is a campaign which aims to bring banking services to large rural areas
- This campaign is to be operated by the Ministry of Finance and the Indian Banks’ Association (IBA) to bring banking within the reach of the masses of the Indian population.