Current Affairs for Engineering Service Exam
Video lectures for ESE prelims 2020
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- General Knowledge
Topic 1:Economic development
FinTech Conclave 2019
NITI Aayog is organising a day-long FinTech Conclave in New Delhi.
- To shape India’s continued ascendancy in FinTech
- Build the narrative for future strategy and policy efforts
- To deliberate steps for comprehensive financial inclusion
Highlights of the conclave:
- The Conclave will be featuring representatives from across the financial space – central ministries, regulators, bankers, startups, service providers and entrepreneurs.
- It will be inaugurated by Governor, RBI.
- The Reserve Bank of India has categorised these financial technology (or fintech) companies as peer-to-peer (P2P) lenders.
- The valedictory session of the conclave shall include presentations consolidating sector-specific findings of the various breakout panels on themes such as Digital Onboarding of Customers/Merchants for Financial Inclusion, Building Financial Products for Millennial India, Emerging Areas of FinTech, Fast Tracking Investments in FinTech Industry and Financial Inclusion of MSMEs.
- Government of India’s efforts focused on Digital India and developing India Stack including Voluntary Aadhaar for financial inclusion have evoked significant interest from various stakeholders in the area of Financial Technology (FinTech).
About Peer-to-Peer (P2P) lending:
- Peer to Peer lending, also known as P2P Lending, is a financial innovation which connects verified borrowers seeking unsecured personal loans with investors looking to earn higher returns on their investments.
- P2P lending service providers have been in business in India since early 2014. However, it was in September 2017, RBI notified that these will be registered as non-banking financial companies (NBFCs) and subsequently came out with guidelines for P2P lending.
Read more at: PIB
Topic 1:Industrial development
Marayoor Jaggery got GI tag
Recently Marayoor Jaggery has received the Geographical Indication (GI) tag from the Union Government.
- Marayoor Jaggery is the traditional and handmade product from Idukki district of Kerala.
- It is made in the sugarcane farms.
- It does not contain any chemicals and is high in iron and calcium
- The Jaggery is manufactured by the farmers, who mostly belong to the Muthuva tribe.
- The peculiar geographical location of Marayoor, which nestles amid the forests of the Western Ghats gives the sugar cane a distinct geographical identity.
Read more at: Deccanherald
Topic 2 : Environment
Olive Ridley turtles
Olive Ridley turtles have not yet arrived for mass nesting at Odisha’s Rushikulya rookery and Devi river mouth.
About Olive Ridley turtles:
- The Olive ridley turtles are the smallest and most abundant of all sea turtles found in the world, inhabiting warm waters of the Pacific, Atlantic and Indian oceans.
- They are best known for their unique mass nesting called Arribada, where thousands of females come together on the same beach to lay eggs.
- The species is listed as Vulnerable in the IUCN Red List, Appendix 1 in CITES, and Schedule 1 in Wildlife Protection Act, 1972.
- Olive-ridleys face serious threats across their migratory route, habitat and nesting beaches, due to human activities such as unfriendly turtle fishing practices, development, and exploitation of nesting beaches for ports, and tourist centers.
- Rushikulya rookery coast in Ganjam district of Odisha.
- The Rushikulya River is one of the major rivers in the state of Odisha and covers entire catchment area in the districts of Kandhamal and Ganjam district of Odisha
About Devi River:
- Devi river is one of the principal distributaries of Mahanadi.
- It flows through Jagatsinghpur district and Puri district across Odisha state in India and joins the Bay of Bengal.
About Bhitarkanika National Park:
- Bhitarkanika National Park is one of Odisha’s finest biodiversity hotspots and is famous for its mangroves, migratory birds, turtles, estuarine crocodiles, and countless creeks.
- The wetland is represented by 3 Protected Areas, the Bhitarkanika National Park, the Bhitarkanika Wildlife Sanctuary and the Gahirmatha Marine Sanctuary.
- Bhitarkanika is located in the estuary of Brahmani, Baitarani, Dhamra, and Mahanadi river systems.
- It is said to house 70% of the country’s estuarine or saltwater crocodiles, conservation of which was started way back in 1975.
Read more at: The Hindu
Topic 2 : Energy
India Energy Modelling Forum
The NITI Aayog and the United States Agency for International Development (USAID) organized the first workshop on development of the India Energy Modelling Forum (IEMF).
- The IEMF seeks to provide a platform for leading experts and policy makers to study important energy and environmental issues and ensure induction of modelling and analysis in informed decision making process.
- The Forum aims to improve cooperation and coordination between modeling teams, the Government of India, knowledge partners and think-tanks, build capacity of Indian institutions, and identify issues for joint modeling activities and future areas of research.
Read more at :PIB
Topic 3 : ICT
Virtual SIM Card
Investigating agencies have found that virtual SIM cards (Subscriber Identification Module Cards) were used by the Jaish-e-Muhammad’s terrorists for communications during the Pulwama attack.
What is a Virtual SIM?
- Under this technology, the computer generates a telephone number and the user downloads an application of the service provider on their smartphone.
- It is a cloud-based number that can be used from any device via an app.
- All voice calls and SMS text messages directed from/to this virtual phone number are transferred to the Virtual SIM service provider’s network over available data/Wi-Fi connection.
Read more at: ET