Current Affairs for Engineering Service Exam
Video Lectures and Test Series for ESE 2019
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- The Key Initiatives of Government
- General Knowledge
Topic 1:Economic development
Unified Payments Interface (UPI)
- Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
- It caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
- NPCI conducted a pilot launch with 21 member banks.
How is it unique?
- Immediate money transfer through mobile device round the clock 24*7 and 365 days.
- Single mobile application for accessing different bank accounts.
- Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment.
- Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number; IFSC etc.
- Bill Sharing with friends.
- Best answer to Cash on Delivery hassle, running to an ATM or rendering exact amount.
- Merchant Payment with Single Application or In-App Payments.
- Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based payments.
- Donations, Collections, Disbursements Scalable.
- Raising Complaint from Mobile App directly.
Participants in UPI:
- Payer PSP
- Payee PSP
- Remitter Bank
- Beneficiary Bank
- Bank Account holders
UPI – Benefits to the Ecosystem participants
Benefits for banks:
- Single click Two Factor authentication
- Universal Application for transaction
- Leveraging existing infrastructure
- Safer, Secured and Innovative
- Payment basis Single/ Unique Identifier
- Enable seamless merchant transactions
Benefits for end Customers:
- Round the clock availability
- Single Application for accessing different bank accounts
- Use of Virtual ID is more secure, no credential sharing
- Single click authentication
- Raise Complaint from Mobile App directly
Benefits for Merchants:
- Seamless fund collection from customers – single identifiers
- No risk of storing customer’s virtual address like in Cards
- Tap customers not having credit/debit cards
- Suitable for e-Com & m-Com transaction
- Resolves the COD collection problem
- Single click 2FA facility to the customer – seamless Pull
- In-App Payments (IAP)
Read more at: NPCI
Topic 1:Industrial development
Creation of Fisheries and Aquaculture Infrastructure Development Fund (FIDF)
The Cabinet Committee on Economic Affairs has given its approval for creation of special Fisheries and Aquaculture Infrastructure Development Fund (FIDF).
- FIDF would provide concessional finance to State Governments / UTs and State entities, cooperatives, individuals and entrepreneurs etc., for taking up of the identified investment activities of fisheries development.
- Under FIDF, loan lending will be over a period of five years from 2018-19 to 2022-23 and maximum repayment will be over a period of 12 years inclusive of moratorium of two years on repayment of principal.
- The fund being raised by Nodal Loaning Entities (NLEs).
- National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and all scheduled Banks (hereinafter referred as Banks) shall be the nodal Loaning Entities.
- Creation of fisheries infrastructure facilities both in marine and Inland fisheries sectors.
- To augment fish production to achieve its target of 15 million tonne by 2020 set under the Blue Revolution; and to achieve a sustainable growth of 8% -9% thereafter to reach the fish production to the level of about 20 MMT by 2022-23.
- Employment opportunities to over 9.40 lakh fishers/fishermen/fisherfolk and other entrepreneurs in fishing and allied activities.
- To attract private investment in creation and management of fisheries infrastructure facilities.
- Adoption of new technologies.
Read more at: PIB
Government of India inaugurated BIOFACH INDIA which is the world’s largest event on organic industry organized by Agricultural and Processed Food Products Export Development Authority (APEDA) and Indo-German of Commerce in New Delhi.
- The event showcases products like organic aqua culture, cashew, coconuts, tea and cocoa and oil seeds.
- Buyers-Sellers meet and an international conference are also being held alongside the main event.
- India ranks first in terms of total number of organic producers and 9th in terms of worlds organic agricultural land.
Read more at: PIB
Draft Mariculture policy
The centre recently released a draft policy on mariculture.
The provisions of the draft policy:
- It aims to enhance mariculture production, increase income and employment opportunities in a sustainable way and to promote entrepreneurship by facilitating technical and financial inputs.
- The policy has mooted mariculture zones by demarcating special areas in the sea for activities such as cage farming, bivalve farming, pen culture, seaweed culture, hatcheries and nurseries based on scientific criteria.
- The policy has also suggested farming of genetically modified (GM) species only in closed mariculture systems after stringent risk assessment and monitoring.
- It will not be permitted in open sea culture.
- Satellite remote sensing data and GIS will be used to identify potential zones for mariculture on the basis of scientific evaluation of environmental parameters suitable for various types of farming.
- To avoid conflict with other users and protecting the livelihoods of local fishing communities.
- The policy advises the government to formulate financial assistance programmes, including prioritised lending schemes, subsidised credit and investment subsidies, to promote mariculture.
- The policy has made provisions for leasing the water bodies and regulating the activities in the open sea waters to ensure security of the mariculture enterprises.
- Efficient market logistics would be promoted to minimize post-harvest losses and preserving the nutritional quality and value of fish.
- Institutional support will be extended for development of domestic market infrastructure for hygienic handling, processing and cold storage.
- Mariculture is a specialised branch of aquaculture involving the cultivation of economically important marine plants and animals in the sea or any other water body having tidal influence.
Read more at: The Hindu
Topic 3 : ICT
Electronic Complaints Box/SHe-Box
The Ministry of Women & Child Development has launched an Electronic Complaints Box that enables women, irrespective of their work status, to raise their voice against sexual harassment at workplace.
- Once a complaint is submitted to the ‘SHe-Box’, it is directly sent to the concerned authority having jurisdiction to take action into the matter.
- A mechanism will be put in place to regularly monitor the action taken on the complaints.
- It aims for preventing and protecting women against sexual harassment in the workplace and to ensure effective redressal of complaints of sexual harassment.
Read more at :PIB
Topic 4: The Key Initiatives of Government
- International UDAN, a new international air connectivity scheme is an extension of the domestic UDAN scheme.
- Domestic UDAN seeks to boost air connectivity by linking up un-served and under-served airports in Tier 2 and Tier 3 cities with the big cities.
- This is done by offering cheap tickets to passengers and the Central and State governments paying a subsidy to the airlines to enable them to offer cheap tickets.
- Under International UDAN, the plan is to connect India’s smaller cities directly to some key foreign destinations in the neighbourhood.
- The scheme seeks to make use of the open skies policy that India has with other Asian countries that allows direct and unlimited flights to and from these nations to 18 Indian destinations.
- Unlike in domestic UDAN where both the Centre and the State government share the subsidy, it is only the State government that will provide the financial support for flights under international UDAN.
- Like the domestic UDAN, the financial support and flying exclusivity on the route will be for three years.
- Only Indian carriers can participate in the international UDAN scheme, and only aircraft with capacity of 70 seats or more can fly the foreign routes
- It is being implemented in the State of Telangana to ensure safe and sustainable piped drinking water supply from surface water sources.
- It is aimed at providing tap connection to every household, the surface water sources being Krishna and Godavari Basin.
- Water will also be provided to Industrial requirements.
- There is also a plan to install optical fibre pipelines using the extensive water pipeline network being laid under the mission in an aim to save large amount of funds in installing OFC networks.
Topic 5: General Knowledge
2018 Seoul Peace Prize
The Seoul Peace Prize Committee has decided to confer the 2018 Seoul Peace Prize on Prime Minister Shri Narendra Modi.
- In recognition of his dedication to improving international cooperation, raising global economic growth, accelerating the Human Development of the people of India by fostering economic growth in the world’s fastest growing large economy
- Furthering the development of democracy through anti-corruption and social integration efforts.
- For the initiatives to make the government cleaner through anti-corruption measures and demonetization.
- His contribution towards regional and global peace through a proactive foreign policy with countries around the world under the ‘Modi Doctrine’ and the ‘Act East Policy.’
About The Seoul Peace Prize:
- Established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea.
- Crystallize the Korean people’s yearning for peace on the Korean Peninsula and in the rest of the world.
- The Prize has been awarded biennially to those individuals who have made their mark through contributions to the harmony of mankind, reconciliation between nations and to world peace.
Read more at: ET