October 7,2018

Quiz – October 4,2018
October 5, 2018
Quiz – October 5 ,2018
October 7, 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

Resolution of the Monetary Policy Committee (MPC)

The Monetary Policy Committee (MPC) held its fourth bi-monthly statement.

Highlights:

  • The policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
  • The GDP growth projection for 2018-19 is retained at 7.4 per cent as in the August resolution.
  • The medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent

About MPC:

  • The RBI has a government-constituted Monetary Policy Committee (MPC) which is tasked with framing monetary policy using tools like the repo rate, reverse repo rate, bank rate, cash reserve ratio (CRR).
  • Composition:
  1. The committee will have six members. Of the six members, the government will nominate three. No government official will be nominated to the MPC.
  2. The other three members would be from the RBI with the governor being the ex-officio chairperson. Deputy governor of RBI in charge of the monetary policy will be a member, as also an executive director of the central bank.
  • Decision: Decisions will be taken by majority vote with each member having a vote.
  • The RBI Governor will chair the committee. The governor, however, will not enjoy a veto power to overrule the other panel members, but will have a casting vote in case of a tie.
  • The government nominees to the MPC will be selected by a Search-cum-Selection Committee under Cabinet Secretary with RBI Governor and Economic Affairs Secretary and three experts in the field of economics or banking or finance or monetary policy as its members.
  • Members of the MPC will be appointed for a period of four years and shall not be eligible for reappointment

Read more at: PIB

Topic 1:Social development

National Nutrition Month (Poshan Maah)

Under POSHAN Abhiyaan, September was celebrated as the Rashtriya Poshan Maah across the country to address the malnutrition challenges and sensitize our countrymen regarding the importance of holistic nutrition.

Highlights:

  • Poshan Maah aimed at making people aware of the importance of nutrition & giving individual access to government services
  • To support supplement nutrition for their children & pregnant women /lactating mothers.
  • Ministry of Women & Child Development as the nodal agency, launched Rashtriya Poshan Maah or National Nutrition Month.
  • A wide range of activities focussing on antenatal care, anaemia, growth monitoring, girl’s education, diet, right age of marriage, hygiene and sanitation, eating healthy as themes were organised during the Poshan Maah.

Read more at :PIB

Topic 1:Industrial development

GI Tag for Alphonso from Konkan

Alphonso from Ratnagiri, Sindhudurg, Palghar, Thane and Raigad districts of  Maharashtra, is registered as Geographical Indication (GI).

Highlights:

  • The king of mangoes, Alphonso, better known as ‘Hapus’ in Maharashtra
  • They are in demand in domestic and international markets not only for its taste but also for pleasant fragrance and vibrant colour.
  • They  are exported to various countries including Japan, Korea and Europe. New markets such as USA and Australia have recently opened up.

About GI:

  • A Geographical Indication or a GI is an indication used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
  • The tag enhance the horizon both socially and economically for GI producers.
  • The name conveys an assurance of quality and distinctiveness which is essentially attributable to its origin in that defined geographical locality.
  • GI products can benefit the rural economy in remote areas, by supplementing the incomes of artisans, farmers, weavers and craftsmen.
  • The first product to get a GI tag in India was the Darjeeling tea in 2004.
  • There are a total of 325 products from India that carry this indication.

Read more at: PIB

Atal Innovation Mission

A Memorandum of Understanding was recently exchanged between India’s Atal Innovation Mission (AIM) and the Russian Federation’s SIRIUS Educational Foundation.

The MoU:

  • Remove cultural and language barriers between students of Russia and India.
  • Share the best practices in the promotion of educational, scientific, innovative achievements.
  • Promote innovative cooperation.
  • Search and develop the talented youth of both countries fostering a knowledge-driven innovation ecosystem in both the countries.

About AIM:

  • The Atal Innovation Mission (AIM) is the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country
  • To oversee innovation ecosystem of the country and revolutionizing the innovation eco-system – touching upon the entire innovation life cycle through various programs.
  • The core functions:
  1. Entrepreneurship promotion through Self-Employment and Talent Utilization, wherein innovators would be supported and mentored to become successful entrepreneurs.
  2. Innovation promotion: to provide a platform where innovative ideas are generated.

Read more at: PIB

Topic 2 : Environment

Threat to Eastern Ghats

The Eastern Ghats spread across Odisha, Andhra Pradesh, Karnataka and Tamil Nadu, has lost almost 16% of its forest area over a span of 100 years, a recently published study shows.

The loss:

  • Deforestation
  • Habitats destruction

Reasons:

  • Agriculture and its fragmentation
  • Mining
  • Other developmental activities

Importance of Eastern Ghats:

  • The monsoon break of both North-East and South-West Monsoon
  • Habitat to Tribal communities

Read more at: The Hindu

Topic 2 : Energy

Methanol Cooking Fuel Program of India

Northeast and Assam Petro-chemicals, a state-owned company is launching Asia’s first cannisters based and India’s first “Methanol Cooking Fuel Program”.

Key Facts:

  • For reducing import of crude and an effort to provide clean, import substitute, cost effective and pollution free cooking medium.
  • Under the pilot project, stove and methanol canister will be made available in a limited scale.
  • The safe handling cannister based cooking stoves are from Swedish Technology
  • The cooking medium can directly substitute LPG, Kerosene, Wood, Charcoal and any other fuel for cooking.
  • The gaseous form, Methanol – DME, can be blended in 20% ratio with LPG. LPG-DME blending program is expected to kickstart in the country by next year.

Read more at: PIB

Topic 4: The Key Initiatives of Government

Gold Monetisation Scheme

  • It is a gold savings account which will earn interest for the gold that you deposit in it.
  • Deposited gold can be in any physical form – jewellery, coins or bars.
  • The tenure of gold deposits is likely to be for a minimum of one year.
  • The long-term objective is to reduce the country’s reliance on the import of gold to meet domestic demand.
  • The scheme will also help in mobilizing the large amount of gold lying as an idle asset with households.

Project Shaksham

  • The project is for creation of a New Indirect Tax Network (System Integration) of the Central Board of Excise and Customs.
  • The project will help in:
  1. Implementation of Goods and Services Tax (GST)
  2. Extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and
  3. Other taxpayer-friendly initiatives under Digital India and Ease of Doing Business of Central Board of Excise and Customs.
  • It is to ensure readiness of CBEC’s IT systems by April, 1, 2017, when GST is to be introduced

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