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
Mauritius tops India’s FDI charts
Mauritius remained the top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore.
- FDI from Mauritius totalled $13.41 billion
- FDI inflows from Singapore rose to $9.27 billion from $6.52 billion.
- FDI from the Netherlands declined marginally .
- FDI into the manufacturing sector witnessed a substantial decline .
- FDI into communication services rose .
- Foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country.
- FDI takes place when an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company
Read more at: The Hindu
Public Credit Registry
A public credit registry(PCR) is an information repository that collates all loan information of individuals and corporate borrowers.
- It helps banks distinguish between a bad and a good borrower and accordingly offer attractive interest rates to good borrowers and higher interest rates to bad borrowers.
- PCR will address issues such as information asymmetry
- Improve access to credit and strengthen the credit culture among consumers.
- It can also address the bad loan problem staring at banks, as corporate debtors will not be able to borrow across banks without disclosing existing debt.
- It will help improve India’s rankings in the World Bank’s ease of doing business index.
- It will help capture all relevant information about a borrower, across different borrowing products in one place.
- It can flag early warnings on asset quality by tracking performance on other credits.
Read more at: The Hindu
Topic 1:Social development
Leptospirosis haunt Kerala after floods
Flood-ravaged Kerala has seen a spurt in communicable diseases, as the administration struggles to prevent and contain them with a debilitated healthcare system including leptospirosis.
- The National Centre for Diseases Control (NCDC) has warned about vector-borne diseases
- Standing water caused by heavy rainfall or overflow of rivers can act as breeding sites for mosquitoes, and therefore enhance the potential for the breeding of vectors of dengue, chikungunya, malaria, Japanese encephalitis, etc.
- It is a bacterial disease transmitted mainly through water or soil contaminated by the urine of infected animals.
- Signs and symptoms can range from none to mild such as headaches, muscle pains, and fevers; to severe with bleeding from the lungs or meningitis.
- Doxycycline tablets are beng distributing in flood-hit areas to prevent leptospirosis.
Read more at: Livemint
Topic 2 : Environment
Green Tribunal steps in to conserve Ghats
The six Western Ghats States, including Kerala, have been restrained by the National Green Tribunal (NGT) from giving environmental clearance to activities that may adversely impact the eco-sensitive areas of the mountain ranges.
- The extent of Eco-Sensitive Zones of Western Ghats, which was notified by the Central government earlier, should not be reduced .
- Any alteration in the draft notification of zones may seriously affect the environment.
- To re-publish the draft notification on Eco-Sensitive Zones, which expired on August 26, ordered that the matter may be finalised within six months.
- It ordered that the draft of the republished notification be placed on the record of the tribunal.
- The National Green Tribunal has been established on 18.10.2010 under the National Green Tribunal Act 2010.
- It aims for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources including enforcement of any legal right relating to environment and giving relief and compensation for damages to persons and property and for matters connected therewith or incidental thereto.
- It is a specialized body equipped with the necessary expertise to handle environmental disputes involving multi-disciplinary issues.
- The Tribunal shall not be bound by the procedure laid down under the Code of Civil Procedure, 1908, but shall be guided by principles of natural justice.
About Western Ghats:
- Western Ghats also known as Sahyadri (Benevolent Mountains) is a mountain range that runs parallel to the western coast of the Indian peninsula.
- It is a UNESCO World Heritage Site and is one of the eight “hottest hot-spots” of biological diversity in the world.
- The Ministry of Environment Forest and Climate Change had accepted the Kasthurirangan report and issued the draft notifications on ecologically sensitive zones.
Read more at: The Hindu
Topic 2 : Energy
MOVE: Global Mobility Summit
NITI Aayog, in collaboration with various ministries and industry partners, is organizing ‘MOVE: Global Mobility Summit’ in New Delhi on 7th and 8th September, 2018.
- The Summit will constitute three designated components – The Conclave, Digital Exhibition, and Featured Events.
- It will help drive the government’s goals for vehicle electrification, renewable energy integration and job growth and also speed up India’s transition to a clean energy economy.
- To engage with key stakeholders within the rapidly transforming global mobility landscape and to evolve a public interest framework.
Read more at: PIB
Topic 4: The Key Initiatives of Government
Modified Special Incentive Package Scheme (M-SIPS)
- The scheme aims to provide a special incentive package to boost domestic electronic product manufacturing sector and move towards Union Government‘s goal of Net Zero imports‘ in electronics by 2020.
- It promotes large scale manufacturing in the Electronics System Design and Manufacturing (ESDM) sector by:
- Providing subsidy for capital expenditure upto 20% for investment in SEZ and 25% in non-SEZs.
- Providing reimbursement of duties and central taxes for projects with high capital investments.
- The incentives will be available for investments made within 5 years from the date of approval of the project.
- Unit receiving incentive will provide undertaking to remain in commercial production for at least 3 years.
Stand Up India Scheme
- It is to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women.
- The schemes provides for composite loans by banks between Rs. 10 lakh and upto Rs. 100 lakh for setting up a new enterprise in the non-farm sector.
- These loans would be eligible for refinance and credit guarantee cover.