Quiz October 14,2018October 16, 2018
Quiz October 15,2018October 16, 2018
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
IMF quota reforms
India called for quota reforms so that share of emerging nations increases in line with their growing economic position.
About IMF Quotas:
- An individual member country’s quota broadly reflects its relative position in the world economy.
- Quotas are denominated in Special Drawing Rights (SDRs), a unit of currency account.
Multiple roles of quotas:
- Quotas determine the maximum amount of financial resources a member is obliged to provide to the IMF.
- Quotas are a key determinant of the voting power in IMF decisions. Votes comprise one vote per SDR 100,000 of quota plus basic votes (same for all members).
- Access to Financing-The maximum amount of financing a member can obtain from the IMF under normal access is based on its quota.
- SDR Allocations-Quotas determine a member’s share in a general allocation of SDRs.
- The IMF’s Board of Governors conducts general quota reviews at regular intervals (no more than five years).
- Any changes in quotas must be approved by an 85% majority of the total voting power, and a member’s own quota cannot be changed without its consent.
- Two main issues addressed in a general quota review are:
- The size of an overall quota increase and
- The distribution of the increase among the members.
- The International Monetary Fund (IMF) is an organization of 189 countries
- It is working to foster
- Global monetary cooperation
- Secure financial stability
- Facilitate international trade
- Promote high employment and sustainable economic growth, and
- reduce poverty around the world.
- The IMF is governed by and accountable to the 189 countries that make up its near-global membership.
Read more at: ET
Topic 2 : Energy
Carnot Prize to Minister of Railways and Coal
Minister of Railways and Coal Piyush Goyal will receive the University of Pennsylvania’s top prize in energy policy.
- Leadership in reforming India’s power sector
- Spearheading efforts to fast-track electrification of thousands of remote villages
- Expanding renewable energy in the country.
About Carnot Prize:
- The Carnot Prize is named in memory of French scientist Sadi Carnot,who in 1824 published Reflections on the Motive Power of Fire, which is recognised as the first statement of what is now known as the second law of thermodynamics.
- The Carnot Prize is intended to honour those leading revolutions in energy policy to further progress and prosperity.
Read more at: ET
Topic 3 : ICT
Bharat Net project
The objective of this flagship project is to facilitate the delivery of e-governance, e-health, e-education, e-banking and other services to citizens in every part of our country, on a non-discriminatory basis.
- PhaseI: The target of completing 1,00,000 Grama Panchayats under phase-I of BharatNet was achieved in December 2017.
- Phase ll: BharatNet Phase-II is planned to connect the remaining 1,50,000 GPs,using an optimal mix of media, by 31 Mar, 2019.
- In the third phase from 2019 to 2023, state-of-the-art, future-proof network, including fiber between districts and blocks, with ring topology to provide redundancy would be created.
- The project is a Centre-State collaborative project, with the States contributing free Rights of Way for establishing the Optical Fibre Network.
- The entire project is being funded by Universal service Obligation Fund (USOF)
- Provision has been made for Last Mile Connectivity in all 2,50,000 GPs through viability gap funding.
- BharatNet is being utilized by BSNL, CSC SPV, TSPs and ISPs for delivery of services at Gram Panchayats.
Read more at: PIB
Topic 4: The Key Initiatives of Government
Deendayal Upadhyay Gram Jyoti Yojana (DDUGJY)
- It is the flagship programme of Ministry of Power to provide 24X7 power supply to rural areas.
- It focuses on feeder separation (rural households & agricultural) and strengthening of sub-transmission & distribution infrastructure including metering at all levels in rural areas.
- This will help in providing round the clock power to rural households and adequate power to agricultural consumers.
- Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) has been subsumed in it.
- Integrated Power Development Scheme (IPDS) – It is to provide 24×7 power supply in the urban area.
- Remote Village Electrification Programme (RVEP) is a scheme implemented by Ministry of New & Renewable energy in various states to provide basic lighting through Renewable Energy Sources in unelectrified villages and hamlets of electrified census villages.
- It is a program for building bridges for safe and seamless travel on National Highways.
- The aim is to make National Highways free of railway level crossings by 2019 by building Railway Over Bridges/ Under Passes and old & worn down bridges to be improved by replacement/widening/strengthening.