October 23,2018

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October 22, 2018
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October 23, 2018

Current Affairs for Engineering Service Exam

Video Lectures and Test Series for ESE 2019

 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
  4. The Key Initiatives of Government
  5. General Knowledge

Topic 1:Economic development

UN model on cross-border insolvency

The Insolvency Law Committee (ILC) has recommended the adoption of the United Nations Commission on International Trade Law (UNCITRAL) Model Law of Cross Border Insolvency,1997

Highlights:

  • It provides for a comprehensive framework to deal with cross-border insolvency issues.
  • To ensure that there is no inconsistency between the domestic insolvency framework and the proposed cross border insolvency framework
  • Many Indian companies have a global footprint and many foreign companies have a presence in multiple countries, including India.

Benefits:

  • Enhance ease of doing business
  • Mechanism of cooperation between India and other countries and
  • Protect creditors in the global scenario.

UNCITRAL Model Law of Cross Border Insolvency, 1997:

  • It has till now been adopted in 44 countries and forms part of international best practices in dealing with cross border insolvency issues.
  • The model law gives precedence to domestic proceedings and protection of public interest.
  • It facilitates greater confidence generation among foreign investors, adequate flexibility for seamless integration with the domestic Insolvency Law and a robust mechanism for international cooperation.

Principles of UNCITRAL Model Law:

  1. Direct access to foreign insolvency professionals and foreign creditors to participate in or commence domestic insolvency proceedings against a defaulting debtor.
  2. Recognition of foreign proceedings & provision of remedies.
  3. Cooperation between domestic and foreign courts & domestic and foreign insolvency practioners.
  4. Coordination between two or more concurrent insolvency proceedings in different countries.

Read more at:The Hindu

Topic 1:Social development

Draft policy on reducing the weight of school bags

Union Ministry of Human Resource Development (MHRD) constituted an  Expert Group to formulate a draft policy on reducing the weight of school bags.

Key Facts:

  • The MHRD had issued an order on October 5 to formulate a policy on schoolbags on the lines of Children School Bags (Limitation on Weight) Bill of 2006, which never turned into a law.
  • To include representatives of the education departments of Maharashtra and Telangana as additional members of the Expert Group, since the two States already had a policy in place stipulating that the weight of a school bag should not exceed 10% of the weight of the student.

Read more at: The Hindu

Topic 1:Industrial development

World’s longest sea bridge

Chinese president Xi Jinping officially opened the world’s longest sea bridge, connecting Hong Kong and Macau to the Chinese mainland Zhuhai.

Key Facts:

  • The bridge aims to bring the autonomous regions of Hong Kong and Macau closer to mainland China.
  • As drivers cross the bridge their heart rate and blood pressure will be monitored.
  • The bridge has cost about $20bn (£15.3bn)
  • The bridge, designed to withstand earthquakes and typhoons, was built using 400,000 tonnes of steel
  • Will allow ships through, a 6.7km section in the middle dips into an undersea tunnel.
  • This undersea tunnel allowing ships to pass through the Pearl River delta, the heart of China’s crucial manufacturing sector.

Read more at: The Hindu

Topic 2 : Environment

Harit Diwali-Swasth Diwali campaign

Ministry of Environment initiated this campaign in 2017-18 wherein large number of school children especially from eco-clubs participated and took pledge to minimize bursting of crackers and also discouraged the neighborhood and their friends from bursting of crackers.

Highlights:

  • The children were advised to celebrate Diwali in an environment-friendly manner by gifting plant sapling to their relatives and friends.
  • The campaign has been extended Pan-India
  • The  campaign is now merged with “Green Good Deed” movement that has been initiated as a social mobilization for conservation and protection of environment. 

Green Good Deed movement

The  small, positive actions, to be performed by individuals or organisations to strengthen the cause of environmental protection have been put up on a mobile App named “Dr Harsh Vardhan”.

Eco clubs:

It is a forum through which students can reach out to influence, engage their parents and neighborhood communities to promote sound environmental behavior.

Read more at: PIB

Topic 4: The Key Initiatives of Government

National Biopharma Mission

  • The mission is aimed at accelerating biopharmaceutical development in a bid to create a globally competitive biopharmaceutical industry.
  • It is targeted to increase India‘s share in the global biopharmaceutical market to 5 per cent from the current 2.8 per cent.
  • This brings together industry and academia to promote entrepreneurship and indigenous manufacturing in the bio-pharmaceutical sector.   
  • The mission will be implemented by Biotechnology Industry Research Assistance Council (BIRAC).
  • It is expected to bring together expertise from national and international corridors to provide strategic guidance and direction to move promising solutions through the product development value chain.
  • The flagship program is run in collaboration with the World Bank and will be implemented by the Biotechnology Industry Research Assistance Council (BIRAC), a Public-Sector Enterprise set up by DBT.

SANKALP and STRIVE

  • Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) aimed at providing market relevant training to youths across the country.
  • Skill Strengthening for Industrial Value Enhancement (STRIVE) aimed at improving the quality and the market relevance of vocational training provided in ITIs.
  • The project will also strengthen the apprenticeship programme through industry-cluster approach.
  • Both Schemes are under the Ministry of Skill Development and Entrepreneurship and supported by World Bank loan assistance.
  • The two schemes will help in setting up national body for vocational education – Vocational Education and Training (VET).
  • VET shall regulate accreditation and certification in both long and short term thereby bringing about uniformity in vocational training.  
  • SANKALP is a centrally sponsored scheme and STRIVE is a central sector scheme.  

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