Current Affairs for 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
RBI moves to ease liquidity for non-banking finance firms
The Reserve Bank of India has relaxed the securitisation norms by relaxing the minimum holding period requirement.
- To relax the Minimum Holding Period (MHP) requirement for originating NBFCs.
- They are now allowed to securitise loans with maturity of more than five years after holding them for six months on their books, as compared to one year earlier.
- The relaxation on the minimum holding period will be allowed when the NBFC retains 20% of the book value of these loans.
- These dispensation shall be applicable to securitisation / assignment transactions carried out during a period of six months from the date of issuance of this circular.
- More Liquidity
- Boosting MSME sector exports
- Promoting exports
About Minimum holding period:
- It is the is the amount of time the investment is held by an investor or the period between the purchase and sale of a security. In a long position, the holding period refers to the minimum time between an asset’s purchase and its sale.
Non Banking Finance Firms:
- Non-banking financial companies/Firms (NBFCs) are financial institutions that offer various banking services, but do not have a banking license.
- Generally, these institutions are not allowed to take deposits from the public, which keeps them outside the scope of traditional oversight required under banking regulations.
- NBFCs can offer banking services such as loans and credit facilities, retirement planning, money markets, underwriting and merger activities
Read more at: The Hindu
Topic 2 : Environment
India’s first owl festival
The Indian Owl Festival, the country’s first owl fest, is being held at Pingori village in Purandar taluka of Pune.
About the festival:
- The two-day festival, organised by Ela Foundation, an NGO working towards nature education and conservation, will give information on owl conservation.
- It is a first-of-its-kind festival in the country that is being organised with the intention of creating awareness about owl as a bird and debunking numerous superstitions associated with it.
- Indian Owl is protected under the Wildlife (Protection) Act of India.
- Superstitions killings including black magic, street performances, taxidermy, private aviaries/zoos, food
- Habitat loss
Read more at: Indian Express
Topic 2 : Energy
Saubhagya – ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ was launched in September, 2017.
- The objective to provide access to electricity to all the remaining households in the country.
- 8 States have achieved 100% saturation in household electrification under Saubhagya namely Madhya Pradesh, Tripura, Bihar, J&K, Mizoram, Sikkim, Telangana and West Bengal.
- The States completing 100% household electrification by 31st Dec. 2018 will also receive additional grant of 15% of the project cost (5% for special category States) sanctioned under Saubhagya.
Benefits to the Citizen:
- Electricity in households has brought new light in their lives.
- Electrification has direct positive impact on the quality of all aspects of daily life, especially to the women and children.
- Significant improvement is expected in delivery of other essential services like education, health, communication etc.
- More opportunities for economic activities leading to employment generation, increase in income and poverty alleviation.
Read more at: PIB
Topic 3 : ICT
PSLV-C43 successfully launches HysIS and 30 foreign satellites
The Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV-C43) successfully launched 31 satellites from Satish Dhawan Space Centre (SDSC) in Sriharikota.
- Hyper-Spectral Imaging Satellite (HysIS) is an earth observation satellite built around ISRO’s Mini Satellite2 (IMS-2) bus weighing about 380kg.
- India’s first hyperspectral imaging satellite for advanced Earth observation.
- The mission life of the satellite is five years.
- The primary goal of HysIS is to study the earth’s surface in both the visible, near infrared and shortwave infrared regions of the electromagnetic spectrum.
- The main purpose of the HysIS is to exactly identify the objects on the surface of the earth with high precision and resolution.
- Data from the satellite will be used for a wide range of applications including agriculture, forestry, soil/geological environments, coastal zones and inland waters, etc.
- HysIS had the company of one micro and 29 nano-satellites from eight countries, including Australia (1), Canada (1), Columbia (1), Finland (1), Malaysia (1), Netherlands (1), Spain (1) and USA (23).
- These foreign satellites launched are part of commercial arrangements between Antrix Corporation Limited and customers.
- PSLV is a four-stage launch vehicle with alternating solid and liquid stages.
- PSLV allows India to launch its Indian Remote Sensing (IRS) satellites into sun-synchronous orbits.
- PSLV can also launch small size satellites into Geostationary Transfer Orbit (GTO).
- PSLV-C43, which is the 45th flight of the Polar Satellite Launch Vehicle (PSLV), it is the lightest version of the launch vehicle.
ISRO future projects:
- GSAT 11 from French Guiana and GSAT 7A from Sriharikota in 2018 December.
- Gaganyaan is planning to launch by December 2020, followed by one more mission by July 2021.
- Planning to accomplish the manned mission by December, 2021.
Read more at: PIB