May 31,2018

Quiz – May 29, 2018
May 30, 2018
Quiz – May 30, 2018
May 31, 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

SEBI says panel ‘must’ for reviewing ratings

The Securities and Exchange Board of India (SEBI) has proposed the measures following a consultation paper issued in September 2017 as part of its attempts to strengthen the governance, accountability and functioning of Credit rating agencies (CRAs).

Highlights:

  • Credit rating agencies (CRAs) will have to form a review committee of mostly independent members to decide on any request for a rating review
  • All non-accepted ratings will have be disclosed on the CRA’s website for a period of 12 months from the date of disclosure of such ratings.
  • All cases of requests by an issuer for review of the ratings provided to its instruments by the CRA, shall be reviewed by a Rating Committee of the agency that shall consist of a majority of independent members
  • Independent member would mean people not having any pecuniary relationship with the CRA or any of its employees.

Credit Rating Agency:

  • Credit Rating Agency is an organization that gives rating to the debtors or the borrowers (government, companies etc) on the basis of their ability to pay back their principal loan and interest on time.
  • Thus it gives an idea of the probability of committing a default by them on debt and other credit related instruments.
  • It is important to note that such agencies give ratings only to the organizations and not individual customers for whom separate credit score is released.
  • Every country has their own credit rating agencies and besides them there are international credit agencies.
  • The most important among them are Standard and Poor’s, Moody’s and Fitch.

Problems of CRA’s:

  • The methods employed by them are not universal. Each rating agency employs its own methods, thus, different agencies coming out with different conclusions.
  • Sometimes companies themselves employ the rating agencies, thereby, manipulating the agencies to obtain a better credit rating.
  • In last decade these agencies have not been able to predict the risks associated with many debt related instruments and organizations
  • There is monopoly in the market by three rating agencies titled as Big 3(Standard & Poor, Moody and Fitch).
  • There is no transparency in their operations which has led to decreased confidence in them.

Read more at: The Hindu

Topic 1:Social development

Yeshasvini Scheme

Yeshasvini Cooperative Farmers Health Care Scheme” (Yeshasvini Scheme) was introduced by the State Government to the Co-operative farmers of Karnataka.

Salient features:

  • To avail the benefit of Yeshasvini Scheme, a person should be a member of Rural Co-operative Society of the State.
  • All family members of the main member are eligible to avail the benefit of the scheme though they are members(with 3months) of a rural co-operative society.
  • Each beneficiary is required to pay prescribed rate of annual contribution every year.
  • The scheme is open to all rural co-operative society members, members of self help group/Sthree Shakti Group having financial transaction with the Cooperative Society/Banks, members of Weavers, Beedi Workers and Fisherman Cooperative Societies.
  • The Scheme Commences from 1st of June and ends 31st of may every year.
  • The Scheme covers entire state of Karnataka particularly Rural Areas and Urban cities.

The Rural Cooperative Societies :

  • The Rural Cooperative Societies can be defined as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise in rural areas.
  • The rural cooperatives are further divided into short-term and long-term structures. The short-term cooperative banks are three tiered operating in different states.
  1. State Cooperative Banks- They operate at the apex level in states
  2. District Central Cooperative Banks-They operate at the district levels
  3. Primary Agricultural Credit Societies-They operate at the village or grass-root level.

Read more at: The Hindu

Topic 1:Industrial development

Zero Budget Natural Farming

The Andhra Pradesh government, which has adapted Zero Budget Natural Farming (ZBNF).

Highlights:

  • Zero Budget Natural Farming is pioneered by Subhash Palekar, is a unique model of farming in harmony with nature with focus on low-input / high output agriculture that enhances farmer’s welfare.
  • It utilises low cost and inorganic chemical fertilizer-free strategies.

Read more at: The Hindu

Topic 2 : Environment

Effects of black plastics

A study has found that hazardous chemicals such as lead are finding their way into food-contact items and other everyday products because manufacturers are using recycled electrical equipment as a source of black plastic.

Effects:

  • There are environmental and health impacts arising from the production and use of plastics in general, but black plastics pose greater risks and hazards,
  • Black plastics constituting about 15% of the domestic waste stream, this waste material is not readily recycled owing to the low sensitivity of black pigments to near infrared radiation used in conventional plastic sorting facilities.
  • There are potentially harmful effects for the marine and coastal environment

Read more at: The Hindu

Topic 3 : ICT

Next Generation e-Ticketing System

Ministry of Railways Launches New User Interface of its Next Generation e-Ticketing System

Salient features of the New User Interface:

  • User can now enquire / search trains and check availability of seats without login also, thereby saving precious time of the users.
  • User can now change font size throughout the website for comfortable viewing experience.
  • The new look and feel will have enhanced class-wise, train-wise, destination-wise, departure/arrival time wise and quota-wise filters for facilitating customer while planning their journeys
  • More features such as new filters on ‘My Transactions’ where user can also view their booked tickets based on Journey Date, Booking Date, Upcoming Journey and completed journey.
  • To enhance customer’s booking experience, interesting features like ‘Waitlist prediction’, etc have been introduced.
  • The new look and feel is providing the facility for the user to find out the availability up to the entire Advance Reservation Period i.e. 120 days at present, except few trains.

Read more at: PIB

The e-challan system

The Maharashtra government’s bid to be the first State to have an integrated e-challan system has hit a roadblock, with the Project Implementation Committee (PIC) cancelling the tender

Highlights:

  • The system will be equipped to issue an e-challan irrespective of the city in which traffic laws are violated.
  • The e-challan system was introduced in 2016 as a pilot project
  • The system was to be implemented under the Centre’s ‘One State, One e-Challan’ programme.
  • The integrated project is being designed as an offence repository without geographical or departmental boundaries.
  • During the trial, challans were sent to violators’ phones, and all transactions were cashless.
  • As part of the ‘One State One e-Challan’ programme, a centralised control room has been planned in Mumbai
  • The government is implementing the project’s second phase, in which the system will be connected to the Government Receipt Accounting System (GRAS) to record receipt of fines collected.

Read more at: The Hindu

Topic 4: The Key Initiatives of Government

Surya Mitra Scheme

  • The scheme is aimed at creating 50,000 trained solar photovoltaic technicians by March 2020.
  • The course is a 600 hours (i.e. 3 months) skill development program designed to create skilled manpower in installation, commissioning, and Operation & Maintenance of solar power plants and equipment
  • The objective is to provide employability and entrepreneurship to rural and urban youth & women. Special emphasis is given to skill youth from SC/ST/OBC categories.
  • The qualification required to participate in the program is ITI (Electrical & Wireman) / Diploma in Engineering (Electrical, Electronics & Mechanical).
  • Higher qualified participants such as B.Techetc are not eligible for this programme.
  • The programme is 100% funded by GOI and implemented by National Institute for Solar Energy (NISE) across the country.
  • In addition, short term training programmes for small hydro, entrepreneurship development, operation & maintenance of solar energy devices and boiler operations in co-generation plants have been organized.
  • National Institute of Solar Energy (NISE) is an autonomous institution of Ministry of New & Renewable Energy (MNRE)).

Bharatmala

  • It is an umbrella program that will subsume unfinished parts of National Highway Development Program (NHDP).
  • It also focus on the new initiatives like development of Border and  International connectivity roads, Coastal & port connectivity roads, National Corridors Efficiency improvements, Economic corridors development and others

Annapurna Scheme

  • The scheme is under the Ministry of Rural development and Department of Food and Public Distribution allocates food grains as per the requirements of Ministry of Rural Development.
  • Senior citizens of 65 years of age or above who are not getting pension under the National Old Age Pension Scheme (NOAPS)  are provided 10 kg of food grains per person per month free of cost.

Topic 5: General Knowledge

Rama chiluka is State’s official bird

Andhra Pradesh Government notified its new state official bird after four year after bifurcation of undivided Andhra Pradesh in 2014 .

Highlights:

  • AP notified Rose-ringed parakeet (Psittacula krameri), popularly known as Rama Chiluka , as State bird.
  • The states symbols were notified by State department of environment, forest, science and technology.

Read more at:The Hindu

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