Quiz – May 22, 2018May 23, 2018
Quiz – May 23, 2018May 24, 2018
Current Affairs for Engineering Service Exam
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- The Key Initiatives of Government
Topic 1:Economic development
#StartUpLink:Indo-Dutch Startup Initiative
In an endeavour to further the spirit of innovation and entrepreneurship, Invest India (host to the Govt. of India’s initiative, ‘Startup India’ under the Ministry of Commerce and Industry) and the Dutch Government are jointly launching the Indo-Dutch #StartUpLink initiative.
- The initiative will fulfil the twin objective of facilitating market expansion for startups in the two countries alongside fostering a joint sense of innovation and entrepreneurship.
- The Indo-Dutch #StartUpLink is developed for Indian and Dutch startups that are exploring each other’s markets and offers access to key information, relevant networks, pilot opportunities, and navigators for the respective startup ecosystems.
- Startup India and its Dutch implementing partner Dutch Basecamp are also gearing up to organize startup missions from India to Netherlands.
Read more at: PIB
Gross domestic product(GDP) computations indicate the economic activity in a country, with rising GDP growth rate often leading to international prestige. However, such estimates often exclude the variations in natural capital by assuming them to be constant and indestructible.
- Natural capital can cover entire ecosystems such as fisheries and forests, besides other hidden and overlooked services
- Environmental Kuznets curve highlighting that the ‘relationship between GDP per capita and the concentration of sulphur dioxide in the local air’ is an inverted U curve
- The inverted U curve is found primarily for local pollutants that lead to short-term damages (sulphur, particulates) and not for pollutants that lead to long term and dispersed costs (carbon dioxide). In addition, the inverted U curve hides systemic consequences of emissions
- India should seek to publish “green GDP” figures that take into account depreciation of natural capital stock due to economic exploitation and environmental degradation. This can follow the template provided by the UN’s System of Environmental-Economic Accounting.
Read more at: The Hindu
Topic 1:Industrial development
India moves WTO over U.S. steel tariffs
India has launched a complaint against the United States to challenge U.S. tariffs on steel and aluminium
- U.S. imposed the tariffs in March, levying 25 % on steel imports and 10 % on aluminium. These tariffs were justified by national security concerns and therefore outside the WTO’s remit.
- In its complaint, India listed a string of ways the U.S. tariffs violated the WTO rules and unfairly damaged India’s interests.
- It said U.S. broke the WTO’s safeguards agreement and the U.S.was trying to use its tariffs to get other countries to agree to “voluntary export restraints”.
- The U.S. had also exceeded the maximum import tariff allowed by the WTO and the tariffs were not applied uniformly to steel and aluminium imports from all suppliers, breaking a core principle of the WTO rulebook.
- Under WTO rules, the U.S. has 60 days to settle the complaint, after which India could ask the WTO to set up an expert panel to adjudicate.
- The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 124 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.
- It is the largest international economic organization in the world.
- The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements
Read more at: The Hindu
Topic 3 : ICT
- PRAGATI (Pro-Active Governance And Timely Implementation) is aimed at starting a culture of Pro-Active Governance and Timely Implementation.The platform was launched on March 25, 2015.
- It is a robust system for bringing e-transparency and e-accountability with real-time presence and exchange among the key stakeholders.
- It is a multi-purpose and multi-modal platform that is aimed at addressing common man’s grievances, and simultaneously monitoring and reviewing important programmes and projects of the Government of India as well as projects flagged by State Governments.
- The PRAGATI platform uniquely bundles three latest technologies: Digital data management, video-conferencing and geo-spatial technology.
- It is a three-tier system (PMO, Union Government Secretaries, and Chief Secretaries of the States)
Read more at: The Hindu
Topic 4: The Key Initiatives of Government
Pradhan Mantri Suraksha Bima Yojana (PMJJBY)
- It is aimed at providing accidental insurance cover at an highly affordable premium of Rs.12 per year
- The Scheme will be available to people in the age group 18 to 70 years with a savings bank account who give their consent to join and enable auto-debit on an annual renewal basis
- The risk coverage available will be Rs. 2 lakh for accidental death and permanent total disability and Rs. 1 lakh for permanent partial disability
- It is offered by Public Sector General Insurance Companies or any other General Insurance Company who are willing to offer the product on similar terms
- Individuals can exit and re-join the scheme subjecting to conditions
- It has simplified procedures and the documentary requirements
- It serves the goal of financial inclusion by achieving penetration of insurance down to the weaker sections of the society, ensuring their or their family‘s financial security, which otherwise gets pulled to the ground in case of any unexpected and unfortunate accident
FAME India Scheme
- FAME India Scheme [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] was launched in 2015.
- Its objective is to support hybrid/electric vehicles market development and Manufacturing eco-system
- The phase I of FAME expires on March 31, 2018.
- In phase II, the government is targeting a fully (100%) electric fleet for public transport, including buses, taxis and auto-rickshaws
- The FAME India Scheme is aimed at incentivising all vehicle segments i.e. 2 Wheeler, 3 Wheeler Auto, Passenger 4 Wheeler Vehicle, Light Commercial Vehicles and Buses.
- It has 4 focus areas i.e. Technology development, Demand Creation, Pilot Projects and Charging Infrastructure
- SRISTI – Sustainable Rooftop Implementation for Solar Transfiguration of India is a proposed scheme by the Ministry of New and Renewable Energy
- The proposed scheme will incentivise the installation of roof top solar projects in India.
- It aims to achieve a national solar rooftop target of 40 GW by 2021-22.
- Under SRISTI, a central financial assistance will be provided only for installation of roof top solar plants in residential sectors.
- Once approved, the concept will acts as a basis for phase – II of solar rooftop power programme.