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
Trade Receivables e-Discounting System (TReDS)
The RBI has set up the Trade Receivables Discounting System (TReDs).
What is TReDS?
- TReDS is an online mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers. It also enables discounting of invoices of MSME sellers raised against large corporate, allowing them to reduce working capital needs.
- It is a financing arrangement where technology is leveraged for discounting bills and invoices which assists Micro, Small, and Medium Enterprises (MSMEs) to deal with working capital and cash flow problems due to delayed payments.
- It has been set up under the regulatory framework set up by RBI under Payment and Settlement Systems Act 2007.
What are Trade Receivables?
- Trade Receivables is the accounting entry in the balance sheet of an entity, which arises due to the selling of the goods and services by the Entity to its customers on credit.
- Since this is an amount which the Entity has a legal claim over its customer and also the customer is bound to pay the same to Entity.
Read more at: ET
Topic 2 : Energy
Energy Transition index 2019
World Economic Forum has released its global Energy Transition index (ETI)for 2019.
About the ETI:
- The report contains the Energy Transition Index (ETI), which compares the energy sectors of 115 countries and analyses their readiness for energy transition.
- It does this by benchmarking countries’ energy systems based on an “energy triangle”,comprised of:
- energy security and access
- economic development and growth
- environmental sustainability
- Sweden retains first spot, followed by Switzerland, Norway and Finland.
- Countries with high ETI scores also performed well on their readiness for energy transition, with Finland topping that list, followed by Denmark, and Austria in third.
- By contrast, countries at the bottom of the ranking often lack effective regulatory frameworks and suffer from political instability.
- The report outlines a seven-step roadmap for countries to overcome the barriers to energy transition. These include identifying influential energy sector champions, establishing an operational structure to drive collaboration and defining specific milestones and action plans.
Overall the global energy transition has slowed with year-on-year increases in global average ETI scores at their lowest for five years – here’s the breakdown:
- Energy security and access scores showed great improvement, driven by gains in access to electricity in emerging markets, particularly in Asia.
- Environmental sustainability scores improved marginally, indicating a general lack of substantive progress.
- Economic development and growth scores declined compared to the previous year, due to rising household electricity prices and commodity price volatilities.
- India secured 76th position and moved up two places from its 78th position in 2018.
- India was found to be amongst the countries with high pollution levels and relatively high CO2 intensity in its energy system. Despite this, the report found that India has made significant strides to improve energy access in recent years and currently scores well in the area of regulation and political commitment towards energy transition.
- While India scored low in terms of system performance, it ranks considerably higher when it comes to readiness to adapt to future energy needs
- India is among the five economies that have managed to improve their rank since last year.
- In the BRICS bloc of emerging economies, India was ranked second best, only after Brazil.
Read more at: The Hindu
Topic 3 : ICT
Yuva Vigyani Karyakram or Young Scientist Programme
ISRO has launched a special programme for school children called Yuva Vigyani Karyakram or Young Scientist Programme.
About the programme:
- The programme aims at imparting basic knowledge on space technology, space science and space applications to the younger ones with the intent of arousing their interest in the emerging areas of space activities.
- Under the programme, three students each will be selected to participate in it every year from each state and union territory, covering CBSE, ICSE and state syllabus.
- The eligibility for being chosen for the programme includes those students who have finished 8th standard and are currently studying in the 9th standard.
- The selection will be based on the academic performance and extracurricular activities of the students, as per the selection criteria already circulated to the chief secretaries of the states and administrators of Union Territories.
- The students belonging to rural areas have been given special weightage under the selection criteria set by ISRO.
Read more at :IndianExpress
PSLV-C45 / Emisat Mission
India’s Polar Satellite Launch Vehicle (PSLV), in its 47th mission (PSLV-C45), will launch EMISAT, the primary satellite and other international customer satellites.
Highlights of the mission:
- The PS4 orbital platform is envisaged to provide a microgravity environment for research organisations and academic institutes to perform experiments.
- In this mission, the PS4 hosts three payloads, namely,
- Automatic Identification System (AIS) from ISRO,
- Automatic Packet Repeating System (APRS) from AMSAT (Radio Amateur Satellite Corporation), India and
- Advanced Retarding Potential Analyzer for Ionospheric Studies (ARIS) from Indian Institute of Space Science and technology (IIST).
- The 28 international customer satellitesare from four countries, viz. Lithuania, Spain, Switzerland and USA. All these satellites are being launched under commercial arrangements.
About EMISAT mission:
- It is a very powerful electronic intelligence/surveillance satellite which has been developed in India jointly by ISRO and Defence Research and Development Organization (DRDO).
- This satellite is going to be used for intercepting signals not only on the ground and at high-resolution from space but also for the Indian Navy. EMISAT, weighing 436 kg, is intended for electromagnetic spectrum measurement and will be placed in an orbit of about 753 km altitude.
- It has been developed by DRDO (DLRL Hyderabad) under Project KAUTILYA.
- It has been developed for monitoring radar network by India.
- It is an ELINT satellite based on IMS2 Bus (Indian Mini Satellite Bus series) which can have a maximum launch weight of 450Kgs with a payload no more than 200kgs.
- It shares the same Bus architecture as the HySIS satellite which was launched in November last year.
- The satellite will be placed in an elliptical orbit so as to optimise the dwell time, for a required area under observation.
What is Project KAUTILYA?
- The Defence Ministry’s annual report of 2013-14 mentioned about Project Kautilya — for Space Borne ELINT System which involves the development of Electronic Intelligence payload for integration on an indigenous mini satellite.
- The ELINT includes recordings and analysis of intercepted signals and helps create an RF signature of a radar which can, in turn, be used for locating and quickly identify the radar in subsequent encounters.
Read more at: FinancialExpress