May 29,2018

May 28,2018
May 28, 2018
Quiz – May 28, 2018
May 29, 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

The Jan-Dhan Yojana

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

Highlights:

  • This scheme was launched to provide basic banking accounts to 7.5 crore unbanked people with RuPay debit card and overdraft facility
  • The scheme Facilities
  1. A bank account with no minimum balance; and interests on deposits
  2. Debit cards
  3. Accidental Insurance Cover of Rs. 1 Lakh; life cover of Rs.30000/- payable on death of beneficiary.
  4. Overdraft facility up to Rs.5000/- on satisfactory operation of 6 months
  5. Easy transfer of money across India.
  6. Transfer of benefits under DBT in these accounts.
  7. Access to pension and insurance products.

Read more at: The Hindu

The impact of environment on FDI

The environmental regulation has little impact on Foreign direct investment (FDI) which is dependent on other variables of infrastructure and labour instead-the findings shows.

Highlights:

  • A high number of chemical industries will have higher environmental costs despite the level of environmental regulations
  • FDI inflows were  compared to the control variables of per capita income,manufacturing share of the State GDP, installed electricity generation capacity, transmission and distribution losses in the power sector
  • Environmental stringency does not influence a foreign firm’s location decision when other infrastructure and market access-related factors are considered

Read more at: The Hindu

Topic 1:Industrial development

Vision – 2035 document

Minister for Civil Aviation reviewed the growth of airport infrastructure in India and called for preparation of a holistic “Vision – 2035” document.

Highlights:

  • The vision document is expected to address issues such as congestion at airports, runways and airspace; development of unserved and under-served airports; ways and means to boost the air connectivity to small cities and towns – thereby increasing revenues.
  • It will further provide a direction to the economic development in these areas in terms of job creation and cargo infrastructure development.

Read more atPIB

Topic 2 : Environment

Gaj Yatra

The villagers in Meghalaya’s Garo Hills set aside a part of their community-owned land to create village reserve forests, giving right of passage to elephants.

Highlights:

  • The Ministry of Environment, Forest and Climate Change and the Wildlife Trust of India (WTI)  rolled out the ‘Gaj Yatra’ from Tura, the principal town of Garo Hills.
  • Gaj Yatra a “journey celebrating India’s national heritage animal”, aims at securing 100 elephant corridors across India
  • The initiative helps in minimisation of human-animal conflict

Read more at:The Hindu

EU proposes ban on single-use plastics

The European Union proposed a bloc-wide ban on single-use plastics such as straws, cutlery and cotton buds while urging the collection of most plastic drinks bottles by 2025.

Highlights:

  • The set of proposals are part of a growing EU drive to rid the environment of plastic waste which has begun showing up in the food chain
  • The single items must all be made from sustainable materials instead, according to the plan which must be approved by the 28 EU member countries and the European Parliament.
  • Producers must contribute to the costs of waste management and will be offered incentives to develop less polluting alternatives.
  • Member countries must collect 90% of single-use plastic drinks bottles by 2025, through deposit refund schemes

Read more at: The Hindu

Topic 2 : Energy

Pradhan Mantri Ujjwala Yojana

Pradhan Mantri Ujjwala Yojana is a scheme of the Ministry of Petroleum & Natural Gas for providing LPG connections to women from Below Poverty Line (BPL) households.

Highlights:

  • Under the scheme, five crore LPG connections are to be provided to BPL households. While the selection of beneficiaries would be from the BPL families only, preference would be given to SC/ST and weaker sections of society
  • The identification of eligible BPL families will be made in consultation with the State Governments and the Union Territories.
  • Release of LPG connection under this Scheme shall be in the name of the women belonging to the BPL family.
  • The Scheme would be implemented over three years, namely, the FY 2016-17, 2017-18 and 2018-19 across the country.

Read more at: PIB

Topic 3 : ICT

Blockchain technology

A number of companies and banks are adopting blockchain technology to reduce documentation and increase operational efficiency

Highlights:

  • Blockchain technology allows all stages of transactions to be securely shared between network members
  • Cost reduction, risk mitigation, speed, traceability and security are among the multiple benefits
  • Blockchain technology can be used to digitise and authenticate currently complex records like land holdings
  • Blockchain is a very new technology suits smaller countries that are more receptive to adopting new technologies

Read more at: The Hindu

Topic 4: The Key Initiatives of Government

Soil Health Card Scheme

  • Soil Health Card scheme was launched in 2015 in Rajasthan
  • The card informs farmers about nutrients status of the soils along with the recommendation on appropriate dosage of nutrients to improve soil health and fertility
  • The card will be issued once in every 3 years to a farm so that nutrients deficiency can be regularly detected and improved
  • The aim is to provide Soil Health Card to all 120 million farm holdings by Dec, 2017.  
  • This scheme is being implemented in collaboration with State Governments with 50:50 fund sharing pattern.

Electronic National Agriculture Market (e-NAM)

  • It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
  • NAM is a virtual market but it is connected to a physical market (mandi) at the back end and promotes genuine price discovery
  • Funded by Agri-Tech Infrastructure Fund (ATIF) which is set up through the Small Farmers Agribusiness Consortium (SFAC).
  • Liberal licensing of traders and commission agents by state authorities and one license for a trader is valid across all markets in the state.
  • Single point levy of market Fee on the first wholesale purchase from the farmer
  • A Central Sector Scheme. Willing states enact suitable provisions in their APMC act for integration with the e-platform.
  • Soil Testing Laboratories available in the mandis itself.

Priyadarshini Scheme

  • It is a women Empowerment and Livelihoods Programme in the Mid Gangetic Plains
  • The focus of the project is on livelihood enhancement, the beneficiaries will be empowered to address their political, legal, health problems issues through rigorous capacity building.

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