May 22,2018

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May 22, 2018
May 23,2018
May 23, 2018

Current Affairs for Engineering Service Exam

 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
  1. The Key Initiatives of Government

Topic 1:Economic development

Permanent Residency Status scheme

No foreigners applied under the Permanent Residency Status (PRS) scheme since its inception in 2016.

Highlights:

  • PRS in 2016 intended to boost its “Make in India” policy.
  • Permanent Residency Status (PRS) promises facilities for foreign investors who invest a minimum of Rs 10 crore within 18 months or Rs 25 crore in 36 months.
  • Except Pakistani citizens or third-country nationals of Pakistani origin, the scheme is open for citizens of every country.
  • The foreign investment should result in generating employment to at least 20 resident Indians in every financial year.
  • PRS will be granted for a period of 10 years with multiple entries and can be renewed for another 10 years.
  • There will be no requirement of registration with the Foreigners Regional Registration Office (FRRO), the Home Ministry document on the scheme.
  • The PRS card holders are eligible to buy residential property in India

Read more at: The Hindu

Rupee depreciation

  • Rupee now figures among the worst-performing Asian currencies.
  • It slides over 6% against the U.S. dollar since the beginning of 2018.
  • In 2013, rupee slides more than 20% in 3 months from May to August, due to bond buying programme of U.S Federal Reserve. This forced RBI to take interventionist measure such as raising interest rates and curbing gold imports.

Reasons for rupee fall in India

  1. Reduction in foreign investment
  2. Persistent current account deficit (CAD)
  3. Rising oil price
  4. A narrowing gap between the bond rate of US treasury and Indian gilts may prompt Foreign Portfolio Investment( FPI) to pull away from Indian bond market.

Read more at: The Hindu

Stringent norms for debt disclosure

The Securities and Exchange Board of India (SEBI) plans to amend the listing regulations to make debt disclosures mandatory.

Highlights:

  • SEBI has sought to tighten up the disclosure and governance norms
  • No delay in dissemination of material information. Proposed rules make it compulsory for a company to disclose within 24 hours, any default or an expected default or delay in the payment of interest or dividend on debt instruments such as non-convertible debt securities (NCDs) or non-convertible redeemable preference shares (NCRPS).
  • To rationalise the disclosure norms
  • SEBI has proposed amending the Listing Obligations and Disclosure Requirements Regulation 2015, with which all listed companies have to comply
  • The watchdog has proposed changes that would
  • Companies will also be required to report any material deviation in the use of proceeds on a quarterly basis instead of the current requirement of providing such information every six months.

Read more at: The Hindu

Topic 1:Social development

Nipah Virus

The Health Department of Kozhikode  district of Kerala has confirmed Nipah virus (NiV) infection for the first time in the State.

Highlights:

  • The National Virology Institute, Pune has confirmed the Presence of the zoonotic virus in the blood sample of died person.
  • Nipah virus (NiV) infection cause severe disease in both animals and humans.
  • The virus is transmitted through Fruit bat which is natural reservoir of Nipah virus.
  • Symptoms of Nipah Virus include:
  1. Fever and muscle pain.
  2. Inflammation of the brain which further lead to coma.
  3. Infection can lead to acute respiratory syndrome and fatal encephalitis among humans
  • There is no vaccine for the disease and the only form of treatment is supportive medicines.
  • Union Health Ministry has directed the Director of National Centre for Disease Control (NCDC) to visit Kozhikode to assist the State government regarding the Nipah virus.

Read more at: The Hindu

Topic 2 : Environment

Global action to protect bees

The  World Bee Day celebrated on May 20th, the United Nations Food and Agricultural Organization and the European Union have called for global action to protect pollinators, and bees in particular, which are crucial for ensuring food security.

Significance of Pollinators:

  • The wild pollinators play a very important role in the production of crops such as some pulses, sunflower seeds, cardamom, coffee, cashew nuts, oranges, mangoes and apples.
  • Pollinators also provide a key ecosystem service vital to the maintenance of both wild and agricultural plant communities.
  • Declines in the health and population of pollinators pose what could be a significant threat to the integrity of biodiversity, to global food webs, and to human health.
  • At least 80% of our world’s crop species require pollination to set seed.
  • The UN has warned that 40% of invertebrate pollinators—particularly bees and butterflies—risk global extinction.
  • The absence of an appropriate habitat for bees could lead to a continuous decline in pollination.
  • Mono-cropping, pesticides and higher temperatures associated with climate change all pose problems for bee populations and, by extension, the quality of food we grow.
  • Declining pollination also poses an immediate threat to nutrition

Read more at: The Hindu

Topic 3 : ICT

ToneTag  technology

ToneTag, a Bengaluru-based financial technology company, is set to introduce sound-based data transfer technology named Tonetag.

Highlights:

  • ToneTag is a technology which is a communication protocol that will enable data transfer using sound waves. It is not hardware dependent and works with the devices that do not have a microphone or speaker.
  • ToneTag sound-wave communication platform enables highly secure proximity payments, customer engagement services and on-the-go mobility solutions.
  • The approach in this technology makes the entire process device agnostic and completely frictionless, making the user experience intuitive and highly adaptable.

Read more at: The Hindu

Relay satellite

China launched a relay satellite as part of a groundbreaking programme to be the first to land a spacecraft on the far side of the moon later this year

Highlights:

  • The satellite, lofted into space aboard a Long March-4C rocket, will facilitate communication between controllers on Earth and the Chang’e 4 mission
  • China hopes to become the first country to soft-land a probe on the moon’s far side, also known as the dark side  because it faces away from the earth and is comparatively unknown
  • eChina previously landed its Jade Rabbit rover on the moon and plans to land its Chang’e 5 probe there next year.

Read more at: The Hindu

Topic 4: The Key Initiatives of Government

SAKSHAM – 2018

  • Saksham is a month long awareness programme by the Ministry of Petroleum and Natural Gas.
  • It is aimed to create awareness towards judicious utilization and conservation of petroleum products and switching to cleaner fuels.
  • It is organized by PCRA- Petroleum Conservation Research Association and other oil & gas PSU‘s under the aegis of Ministry of Petroleum and Natural Gas.  

Char Dham Highway Project

  • The Char Dham highway development project is an initiative to improve connectivity to the Char Dham pilgrimage centres in the Himalayas i.e Gangotri, Yamunotri, Kedarnath and Badrinath
  • This objective is to provide 900 km highway roads with paved shoulders, provision for landslide mitigation and other road safety measures, which will provide all weather road connectivity for pilgrims and for movement of defence forces.
  • Generally the Char Dham pilgrimage centre four pilgrimage sites in India i.e Badrinath, Dwarka, Puri and Rameswaran but the Gangotri, Yamunotri, Kedarnath and Badrinath in Uttarkhand state were known as Chota Char Dham.

Kaushal Panjee

  • Kaushal Panjee  (Skill Register) is a mobilisation platform for skill development.
  • The skill register aims to be citizen centric end-to-end solution to aid mobilization of candidates for Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Rural Self Employment Training Institutes (RSETI)
  • It facilitates mobilization through Self Help Group members, Gram Panchayat Functionaries, Block Officials, and Common Service Centres and directly by the candidate.   
  • RSETIs and DDU-GKY Partners can access the Kaushal Panjee to connect with the mobilized rural youth
  • Kaushal Panjee is connected to the Social Economic Caste Census 2011 which will help the States plan and target their mobilizations based on the socio-economic profile of households in their State.

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