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
MSCI Emerging Markets Index
MSCI Inc., a widely-tracked global index provider said it is considering placing some emerging markets including India on notice for limiting investor access.
What is MSCI?
It is the world’s biggest index compiler, with more than $10 trillion in assets benchmarked to its products, with emerging markets alone accounting for $2 trillion.
- The indices are closely tracked by global investors.
- Inclusion in MSCI Inc.’s stock indices opens up investment interest from foreign investors in a particular country and brings a stamp of financial credibility.
Why has MSCI put India on notice?
MSCI said it is placing emerging markets including India and Brazil on notice for limiting investor access. For instance, MSCI has cited the fact that international investors face a lengthy and burdensome mandatory registration process with the market regulator, the Securities and Exchange Board of India (SEBI) .
What happens if MSCI caps India’s weightage?
- India currently has a weightage of 8.3% in the MSCI Emerging Markets Index.
- The weightage, which was 8.48% till last month, came down slightly following the partial inclusion of China A- shares on May 31.
- Since it is a widely tracked index, any changes in weightage would affect inflows from foreign investors.
Read more at: The Hindu
Topic 2 : Environment
Odisha beach to get ‘Blue Flag’ tag
The Chandrabhaga beach on the Konark coast of Odisha will be the first in Asia to get the Blue Flag certification.
- It is the tag given to environment-friendly and clean beaches, equipped with amenities of international standards for tourists.
- It will be awarded the honour on World Environment Day on June 5.
- Twelve more beaches in the country are being developed by the Society for Integrated Coastal Management (SICOM), an Environment Ministry’s body working for the management of coastal areas
- Among them are the Chiwla and Bhogave beaches in Maharashtra and one beach each from Puducherry, Goa, Daman and Diu, Lakshadweep and the Andaman and Nicobar Islands.
Standards to get blue flag tag:
- The standards were established by the Copenhagen-based Foundation for Environmental Education (FEE) in 1985.
- The Environment Ministry embarked on the Blue Flag project in December 2017.
- To achieve the Blue Flag standards, a beach must be plastic-free and equipped with a waste management system.
- Clean water should be available for tourists, apart from international amenities.
- The beach should have facilities for studying the environmental impact around the area, he said.
Read more at: The Hindu
Topic 4: The Key Initiatives of Government
National Food Security Mission
- It is launched to enhance the production of Rice, Wheat, Pulses, Coarse Cereals and commercial crops (Cotton, jute and Sugarcane).
- Targets – Production of rice, wheat and pulses would be increased by 10, 8, 4 million tonnes respectively and Coarse cereals by 3 million tonnes.
- Funding – 50:50 by Centre and State for food crops and 100% centre funding for cash crops.
- It would be implemented through cluster demonstration, distribution of high yield seeds with farm mechanization, & Integrated pest management.
(Note – National Food Security Act is different from the Mission and the act is administered by the Ministry of Consumer Affairs).
- e-Rashtriya Kisan Agri Mandi (E-RaKAM) is a digital platform portal enables farmers to sell their agricultural products through auction.
- Various E-Rakam centers are being developed to facilitate farmers for online sale their products across the country.
- The farmers would get the payment for their products directly into their bank accounts without any intermediaries.
- CWRC, a subsidiary of the Central Warehousing Corporation Ltd, will provide logistics support for sellers and buyers in case they need it.
Pradhan Mantri Jan Aushadhi Yojana
- It is a direct market intervention scheme of the Department of Pharmaceuticals.
- Its objective is to make available quality generic medicines at affordable prices to all, especially the poor, throughout the country, through outlets known as Jan Aushadhi Stores (JASs).
- It also encourages doctors to prescribe generic medicines and reduces unit cost of treatment per person.
- The State Governments are required to provide space in Government Hospital premises or any other suitable locations for the running of the JAS‘.
- Any Civil Society with experience of minimum 3 years of successful operation in welfare activities can also open the JAS outside the hospital premises.
- Bureau of Pharma PSUs of India (BPPI) is the implementing agency which will provide one-time assistance in furnishing and establishment costs of the outlet.
- It is a self-sustaining business model not dependent on continuous government subsidies or assistance.
Topic 5: General Knowledge
Long-range ballistic missile Agni-5 was successfully test fired off Odisha coast proving its reliability.
- This is the sixth successful test of the missile and the second in its pre-induction configuration.
- Agni-5 can carry nuclear warhead weighing 1.5 tonnes to a distance of over 5,000 km and is the longest missile in India’s arsenal capable of reaching most parts of China.
- The missile features many new indigenously-developed technologies, including the very high accuracy Ring Laser Gyro based Inertial Navigation System (RINS).
- The most modern and accurate Micro Navigation System (MINS) which improves the accuracy of the missile.
- Agni-5 is expected to be inducted into the Strategic Forces Command very soon.
- The indigenously designed and developed carbon-carbon composite heat shield continues to burn sacrificially, protecting the payload and maintaining the inside temperature below 50 degrees Celsius.
About Agni Missile:
- The Agni missile is a family of medium to intercontinental range ballistic missiles developed by India, named after one of the five elements of nature.
- Agni missiles are long range, nuclear weapons capable surface to surface ballistic missile. The first missile of the series,
- Agni-I was developed under the Integrated Guided Missile Development Program and tested in 1989. After its success, Agni missile program was separated from the IGMDP upon realizing its strategic importance.
- It was designated as a special program in India’s defence budget and provided adequate funds for subsequent development.
Read more at: The Hindu