Current Affairs for Engineering Service Exam
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- General Knowledge
Topic 1:Economic development
Consumer Price Index Numbers
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.
What is the Consumer Price Index – CPI?
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.
How CPI is used?
- CPI is widely used as an economic indicator. It is the most widely used measure of inflation and, by proxy, of the effectiveness of the government’s economic policy.
- The CPI gives the government, businesses and citizens an idea about prices changes in the economy, and can act as a guide in order to make informed decisions about the economy.
- The CPI and the components that make it up can also be used as a deflator for other economic factors, including retail sales, hourly/weekly earnings and the value of a consumer’s dollar to find its purchasing power
- The index can also be used to adjust people’s eligibility levels for certain types of government assistance including Social Security and it automatically provides the cost-of-living wage adjustments to domestic worker.
What are the types of CPI?
- CPI for Industrial Workers released monthly by Labour Bureau of the Labour Ministry.
- CPI for Agricultural Labourers/Rural Labourers released monthly by Labour Bureau of the Labour Ministry.
- CPI (Rural/Urban/Combined) is compiled and released by Central Statistics Office (CSO) of the Statistics Ministry.
Read more at: PIB
Sovereign Patent Fund (SPF)
The National Electronics Policy (NEP) 2019 aims to create a Sovereign Patent Fund (SPF).
What is it?
It is a State-led investment fund that will acquire Intellectual Property (IP) assets important to national economic objectives.
Role of SPF:
- The fund can develop a domestic innovation ecosystem.
- Acquire critical IP and reduce the knowledge gap
- Generate new businesses based on the IP assets owned by Indian corporates.
- Supports R&D infrastructure
- Promote Electronic System Design and Manufacturing (EDSM) sector
Read more at: The Hindu
Topic 1:Social development
National Knowledge Network
India has extended its National Knowledge Network(NKN) to Bangladesh.
What is NKN?
It is is a multi-gigabit pan-India network which facilitates the development of India’s communications infrastructure, stimulates research and creates next generation applications and services.
Aim: To connect all universities, research institutions, libraries, laboratories, healthcare and agricultural institutions across the country to address such paradigm shift.
Role of NKN:
- Connecting all higher centres of learning and research by bringing together all stakeholders from science, technology, higher education, healthcare, agriculture and governance to a common platform.
- To optimally utilise the potential of institutions engaged in generation and dissemination of knowledge in various areas, such as research laboratories, universities and other institutions of higher learning, including professional institutions, it is important to connect them through a high speed broadband network.
- To build quality institutions with requisite research facilities and create a pool of highly trained persons.
Read more at:ET
Topic 1:Industrial development
GI tag to Sirsi Supari
The registrar of Geographical Indications accorded a GI tag, ‘Sirsi Supari’.
- Sirsi Supari is an arecanut grown in Sirsi, Siddapur and Yellapur taluks of Uttara Kannada district in Karnataka.
- The Totagars’ Cooperative Sale Society (TSS) Ltd, a Sirsi-based agri cooperative, is the registered proprietor of the GI ‘Sirsi Supari’.
- It is medium sized and round in shape, it has a somewhat ash coloured hard seed.
- It has unique in taste from arecanuts grown in other parts of the country due to the differences in the chemical composition of different arecanuts.
Read more at: The Hindu
Topic 2 : Energy
Rooftop solar scheme
The government has approved the second phase of the scheme to set up grid-connected rooftop solar power projects with a central financial support of Rs 11,814 .
Aim: Achieving total rooftop solar power generation capacity of 40,000 megawatt (MW) by 2022.
- Setting up 4,000 MW grid-connected rooftop solar plants in the residential sector with central financial assistance.
- Incentives to discoms based on achievement for installing additional grid-connected rooftop capacity in all sectors over and above the base level
- The government is working on a target to achieve 175 gigawatt (GW) of renewable energy generation capacity by 2022.
- That includes 100 GW of solar, 60 GW of wind, 1 GW of biomass-based plants, and 5 GW fo small hydro.
- The solar power capacity target includes 40 GW of rooftop solar projects.
Read more at: ET