March 1,2018

Last Minute Tips
January 3, 2018
March 2,2018
March 2, 2018

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

Topic 1:Economic development

India regains status as fastest growing major economy

India regained its status as the world’s fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing and services.

Highlights:

  • Asia’s third-largest economy grew 7.2 percent in the December quarter, its fastest in five quarters.
  • Retail inflation eased marginally to 5.1 percent in January from a 17-month high of 5.2 percent in December.
  • Moody’s raised India’s investment grade rating one notch, the agency’s first upgrade in nearly 14 years

Concerns:

  • Bad loans in banks and inflationary risks arising from high food and crude prices pose risks to growth.
  • Rising fiscal deficit and the possibility of interest rates rising further
  • Creating jobs for near one million youth entering the market every month has been a key challenge
  • Raised import tax on near 50 items this month to support domestic manufacturers.

Read more at: ET

Topic 1:Social development

MoU between India and Macedonia on cooperation in the field of Health

The Union Cabinet approved signing of a Memorandum of Understanding (MoU) between India and Macedonia on cooperation in the field of Health.

The MoU covers the following areas of cooperation:

  • Capacity building and short term training of human resources in health
  • Exchange & training of medical doctors, officials, other health professionals and experts
  • Assistance in development of human resources and setting up of health care facilities
  • Any other area of cooperation as may be mutually decided upon

Read more at: PIB

Topic 1:Industrial development

Action Plan for Champion Sectors in Services

The Union Cabinet chaired approved the proposal of the Department of Commerce to give focused attention to 12 identified Champion Services Sectors for promoting their development, and realizing their potential.

Highlights:

  • A dedicated fund of Rs. 5000 crores has been proposed to be established to support initiatives for sectoral Action Plans of the Champion Sectors
  • Initiative will enhance the competitiveness of India’s service sectors through the implementation of focused and monitored Action Plans
  • Promoting GDP growth, creating more jobs and promoting exports to global markets.

Read more at: PIB

Topic 2 : Environment

Climate change threatens King penguins: study

Climate change is likely to have a devastating impact on King penguins if global warming continues at its present rate, scientists warn.

Causes:

  • The main issue is that there is only a handful of islands in the Southern Ocean and not all of them are suitable to sustain large breeding colonies.
  • Starvation deaths due to unavailability of food
  • Southern Ocean is now subject to industrial fishing, and penguins may soon have a very hard time fighting for their food
  • Human activities are leading to rapid and/or irreversible changes in the Earth system, and remote areas are no exception.

Way forward:

Proactive and efficient conservation efforts but, above all, coordinated global action against global warming should start now.

Read more at: The Hindu

Topic 2 : Energy

India will overtake China as largest market for energy by late 2020 

India will overtake China as the largest growth market for energy by late 2020 s with the country’s energy consumption growing by more than 4.2 per cent per annum, the fastest among all major economies of the world, according to BP Energy Outlook 2018.

Highlights:

  • India’s demand growth of 165 percent, nearly three times the overall non-Organisation for Economic Co-operation and Development (OECD) growth of 61 per cent
  • outpaces each of the BRIC countries: China (+ 41 per cent), Brazil (+ 60 per cent), and Russia (+6 per cent)
  • India’s energy mix is estimated to evolve slowly with fossil fuels meeting 82 per cent of demand in 2040 down from 93 per cent in 2016.
  • Natural gas production is estimated to increase 96 per cent to 49 Mtoe in 2040 from 25 Mtoe in 2016.
  • Coal production is estimated to increase by 154 per cent to 734 Mtoe in 2040 from 289 Mtoe in 2016, with coal remaining the dominant fuel produced in India
  • Renewable energy production will overtake gas and subsequently oil by 2020 as the second largest source of energy production

Read more at: ET

Bill on ‘right to electricity’ likely in monsoon session

The government is planning to introduce a bill in the monsoon session of Parliament which proposes to make right to electricity a reality and hold the distributors accountable for failing to provide round-the-clock power under normal circumstances from April 2019.

Highlights:

  • The bill will seek to penalise the distributors for failing to provide power to consumers under normal circumstances  when there is no breakdown or any technical glitch.

Read more at: ET

MoU between India and Fiji on Cooperation in Renewable Energy

The Union Cabinet apprised of a Memorandum of Understanding (MoU) on Cooperation in Renewable Energy between India and Fiji.

Highlights:

  • Both sides aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable issues on the basis of mutual benefit equality and reciprocity.
  • The MoU envisages establishing a Joint Working Committee to review, monitor and discuss matters relation to areas of cooperation.
  • It provides for exchange of expertise and networking of information.

Read more at: PIB

Topic 3 : ICT

CMFRI to launch e-com portal, mobile app for fishermen

The Central Marine Fisheries Research Institute (CMFRI) has come up with a solution that will help fishermen fetch better price for their catch without depending on middlemen.

Highlights:

  • The institute has developed a multi-vendor e-commerce website and mobile app to help fish farmers and fishermen sell their catch directly to customers online.
  • The initiative was one of the ways to tackle the situation prevailing in the coastal belt owing to dwindling catches
  • Fishermen self-help groups can register as vendors (fishers and farmers) based on their products to sale, and update their stock availability time to time which will be displayed in the website and the app.
  • Customers can place their orders after choosing the fish, either cleaned or raw, from respective farmers or fishermen groups.
  • CMFRI provided training to fish farmers and fishermen to familiarize with the website and the mobile application

Read more at: The Hindu

4 Comments

  1. Mandakini shyam says:

    to the point, thanks

  2. Prathyusha says:

    precise and very helpful. thanks

  3. Amit says:

    Thanks a lot sir.
    You are great.

  4. Vaibhav Dubey says:

    Very good
    Thanks sir

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.