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
Board committees to assist RBI
The Reserve Bank of India (RBI) is set to get a makeover in line with its global counterparts, with several board committees to be formed on various aspects like technology, risk management, banking regulation, supervision, among others, to assist the central bank in its operations.
- The aim is to move to a system of rule-based decision making from the present discretion-based one.
- To make the RBI management accountable to the board and making the board more hands-on.
- At recently concluded board meeting, decisions were taken on four aspects-
- Forming a committee on RBI’s economic capital framework,
- Debt recast scheme for micro, small and medium-sized enterprises,
- Extending the deadline for last tranche of capital conservation buffer by one year and
- Review of banks under prompt corrective action by the Board for Financial Supervision (BFS)
About Board for Financial Supervision:
- The BFS that comprises the governor, four deputy governors and a few board members
- It will study the performance and earnings of banks of the first six months of the current fiscal that are under the prompt corrective action framework of RBI.
- Accordingly, a decision will be taken to bring out some lenders from PCA depending on their performance. At present, 11 out of 21 public sector banks are under the PCA framework.
Read more at: The Hindu
Topic 2 : Environment
Eco-sensitive zones for elephant corridors
The National Green Tribunal (NGT) has asked the Ministry of Environment, Forests and Climate Change (MoEF&CC) to consider declaring all elephant corridors in the country as eco-sensitive zones.
- MoEF&CC give two weeks time to the Ministry to look into the issue and to proceed in the matter for declaration of such areas as eco sensitive zones.
- Increased denudation and loss of their forest habitats
- Conflicts with humans and deliberate retaliatory killings
- Accidents at railway crossings, high tension power lines, power fences and trenches
- The Environment Protection Act, 1986 does not mention the word “Eco-sensitive Zones”.
- The section 3(2)(v) of the Act, says that Central Government can restrict areas in which any industries, operations or processes or class of industries, operations or processes shall not be carried out or shall be carried out subject to certain safeguards
- The section 5 (1) of this act says that central government can prohibit or restrict the location of industries and carrying on certain operations or processes on the basis of considerations like the biological diversity of an area, maximum allowable limits of concentration of pollutants for an area, environmentally compatible land use, and proximity to protected areas.
Criteria to declare ESZ:
- The MoEF (Ministry of Environment & Forests) has approved a comprehensive set of guidelines laying down parameters and criteria for declaring ESAs.
- The guidelines lay out the criteria based on which areas can be declared as ESAs. These include Species Based (Endemism, Rarity etc), Ecosystem Based (sacred groves, frontier forests etc) and Geomorphologic feature based (uninhabited islands, origins of rivers etc).
Read more at: The Hindu
Topic 3 : ICT
The National Stock Exchange (NSE) has launched an app and web-based platform, ‘NSE goBID’, for retail investors to buy government securities.
- The retail investors would be able to make payment directly from their bank accounts using Unified Payments Interface (UPI) and Internet banking.
- The app would allow investors to invest in treasury bills (T-Bills) of 91 days, 182 days and 364 days and various government bonds from one year to almost 40 years.
- The platform will handle order collection, payment and refund that is currently required to be managed by trading members.
- The app would be available to all investors registered with NSE’s trading members.
About Treasury bills:
- T-bills are short term securities issued on behalf of the government by the RBI and are used in managing short term liquidity needs of the government.
- 91-day T-bills are auctioned every week on Wednesday and 182-day and 364-day T-bills are auctioned every alternate week on Wednesdays.
- Treasury bills are issued at a discount and are redeemed at par.
Read more at: TOI
Topic 5: General Knowledge
CSE gets 2018 Indira Gandhi Prize
Centre for Science and Environment (CSE), the New Delhi (India)-based independent research and advocacy think tank, has been named the recipient of the prestigious Indira Gandhi Prize for Peace, Disarmament and Development for the year 2018.
About the prize:
- The award is accorded annually by the Trust to individuals or organisations.
- In recognition of creative efforts toward promoting international peace, development and a new international economic order, ensuring that scientific discoveries are used for the larger good of humanity, and enlarging the scope of freedom
- Established in 1980.
- It has worked on extending awareness and education about environmental issues, on air and water pollution, waste water management and industrial pollution, food safety and energy, climate change.
- Influencing official policy and public actions for sustainable development.
Read more at: The Hindu