November 30,2018

November 29,2018
November 29, 2018
Quiz November 25, 2018
December 1, 2018

Current Affairs for  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

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.

Highlights:

  • To relax the Minimum Holding Period (MHP) requirement for originating NBFCs.
  1. 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.
  2. The relaxation on the minimum holding period will be allowed when the NBFC retains 20% of the book value of these loans.
  3. 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.

Benefits:

  • 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.

Threats:

  • Superstitions killings including black magic, street performances, taxidermy, private aviaries/zoos, food
  • Habitat loss
  • Medicines

Read more at: Indian Express

Topic 2 : Energy

Saubhagya scheme

Saubhagya – ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ was launched in September, 2017.

Key Facts:

  • 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.

The HysIS:

  • 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.

About PSLV:

  • 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

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