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Daily PT Capsule Feb 5

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Daily PT Capsule UPSC Civil Services
Daily PT Capsule UPSC Civil Services
 

‘Greenland ice sheet releasing large amount of phosphorus’

As per the new study, Glacial meltwater has been known to contain phosphorus, but as Greenland ice sheet melts, it could be releasing more of phosphorus — a key nutrient that can enrich waters of the oceans, potentially stimulating the growth of marine food chain.

The total phosphorus concentrations found in the melt water of the Leverett glacier was 10 times greater than concentrations found in Arctic river waters, the study showed.

Analysis

As climate change warms Greenland and more ice melts and makes its way into the sea, the ice sheet is potentially becoming a more important source of nutrients. Phosphorus is a key nutrient that could, if it reaches the open ocean, enrich waters of the Arctic Ocean, potentially stimulating growth of the marine food chain.

How it will impact marine ecology?

Phytoplanktons are photosynthesizing microscopic organisms that inhabit the upper sunlit layer of almost all oceans and bodies of fresh water. And these organisms serve as the base of the marine food web-feed on phosphorous. And unlike, say, nitrogen, phosphorous isn’t readily available from the atmosphere, so its presence (or lack thereof) can be a limiting factor in ecosystem growth.

The rising nutrient level could speed up the biological activity of the Arctic waters. It can stimulate growth of plankton — a diverse group of organisms that live in large water bodies and provide a crucial source of food to fishes —— at the base of the ocean food web, which could impact birds, fish and marine mammals higher up the food chain, the researchers indicated.

The large Leverett Glacier (Leverett Glacier in Antarctica is about 50 nautical miles long and 3 to 4 nautical miles wide), however, is more representative of the glaciers that contribute the bulk of meltwater coming from the Greenland ice sheet.

The researchers found that the annual phosphorus input for all of Greenland’s outlet glaciers is at least equal to some of the world’s largest rivers, such as the Mississippi in the US and the Amazon in Brazil.

Global Climatic Impact

Apart from its potential effect on global sea level rise, Greenland has important regulatory effects on world climate, through its impact on ocean circulation, regional atmospheric circulation, and global heat transfer. In addition to its effects on the ocean conveyor belt (a constantly moving system of deep-ocean circulation driven by temperature and salinity), Greenland also regulates atmospheric temperatures, which affect not only the climate of the island itself, but much of the region as well.

Warming temperatures in Greenland and the Arctic will also affect the global climate. As the Polar Regions become warmer, the temperature difference between the equator and the poles shrinks, making equatorial heat move much more slowly to the poles.

However, the flow of heat through the atmosphere from the equator to the poles is what powers global atmospheric circulation. If that flow changes, the path of the jet stream will also be altered, resulting in new storm tracks and precipitation patterns. While some regions will benefit from more favorable rains, others will experience increased drought and water availability problems.

Source: The Hindu, Weather Underground

 

Compulsory licensing in manufacturing may slow investments: EU

India’s adoption of Compulsory Licensing (CL) in industrial sectors risks affecting the flow of capital and technology from overseas. The extension and wide use of CL in industrial sectors can act as a deterrent for investments, from abroad and within India. The proposed India-EU FTA would include provisions on IPR protection of which CL is an aspect. The IPR policy is also expected to cover CL as the Patents Act (of India) also deals with CL.

India’s National Manufacturing Policy (NMP) also supports the application of CL across different manufacturing sectors, more specifically to ensure access to the latest green technologies that are patented.  The government is relying on NMP to ensure that its ‘Make in India’ initiative is successful.

Analysis

What is CL?

Compulsory licensing are granted by a government to an individual or company to use patents, copyrighted works or other types of intellectual property, to do so without seeking the owner’s consent. It is an involuntary contract between a willing buyer and an unwilling seller imposed or enforced by the state.  The individual or company granted compulsory license have to pay the owner a set fee for the license.

Objectives of the CL

It is to prevent the abuse of monopoly granted. Nations currently have the right to issue compulsory licenses on patents and copyrights. The objectives in India are to ensure that the inventions are worked upon in India on a commercial scale and to the fullest extent without any undue delay.

TRIPS- Trade related aspect of Intellectual property

The World Trade Organization (WTO) provisions on intellectual property include: rules on patents, copyrights and trademarks. The compulsory licenses and a number of restrictions on the use of CL are enlisted under Article 31 of TRIPS. Therefore, CL is permitted under the WTO’s TRIPS (IPR) Agreement provided conditions such as ‘national emergencies, other circumstances of extreme urgency and anti-competitive practices’ are fulfilled.

Why EU and nations oppose implementation of CL?

Due to its provisions the implementation of CL is criticized by the United States, EU, many developed countries and the foreign Multinational firms because the licensee reaps the benefits of other’s research without contributing their fair share to the costs incurred on research and development.  

It weakens the intellectual property rights as it allows developing country governments to license foreign-owned patents to local firms without the consent of foreign patent owners.

Source: The Hindu

 

International Fleet Review begins in Vishakhapatnam

The 4-day event began on Thursday, 4th Feb, 2016, with the inauguration of maritime exhibition and IFR village. Around 90 ships of Indian Navy are participating in the event. 24 warships of other countries have also dropped anchor off the coast. Navies from 50 countries including China, Russia, USA, Japan, Vietnam, Israel, France, Britain and Australia are participating in this event. International feet review will be a testimony of India’s growing influence and power.

The specially designed signature elements for the event comprising the logo, the chosen mascot – the Dolphin, the adopted theme as United through Oceans and the theme song composed for the event were also released. The IFR logo represents the initial letters of the International Fleet Review, namely I, F and R and are coordinated in a fashion to indicate the three dimensions of the Navy, viz. Ship, Submarine and Aircraft. The inner circle has the colours of the Indian Tricolor. The outer circle has the event, the year and its venue.

Analysis

International Fleet Review 2016 is an International Military Exercise hosted and conducted by Indian Navy on behalf of the President of India. Its objective is to enhance mutual trust and confidence with neighbouring navies by inviting their ships to participate in the event. Indian Navy is to display its maritime capabilities. According to Navy, the exhibition will showcase “Innovation, Indigenization and potential of the youth of India”.

After a gap of one-and-a-half decade International Fleet Review will be held in India. The last International Fleet Review by Indian Navy was conducted in January 2001 at Mumbai.

Key Highlights of the Event:

  • Participating Nations - The visiting navies will have an opportunity to display their professional skills as they sail together for exercises to increase mutual cooperation and inter-operability.
  • In line with ‘Look East Policy’ - The selection of Vizag as host city is in lines with ‘Look East Policy’. The Bay of Bengal is the largest bay in the world and the depth of the Ocean will facilitate the whole event. Due to the proximity it will be easy for the seven surrounding littoral nations to send their fleet.
  • Focus on Make in India - Indian Navy has time and again stressed on the need for self-reliance and in this regard the importance of indigenization. In this regard, there will be a maritime exhibition at the IFR. The overall theme of the Maritime Exhibition is “Make in India”.

These events are meant to develop the familiarity, enhance camaraderie and exchange professionalism between the navies.

Strategic and geo-political significance

In the current geo-political scenario, seafarers of the world, represented by their navies have taken a leading role in bringing nations together by steadily increasing cooperation at sea. One of the important ways used by the navies to enhance cooperation and promote friendship amongst the seafaring community is through the conduct of the Fleet Review. The leading nations of the world use the opportunity provided by the Fleet Review to enhance mutual trust and confidence with their maritime neighbours by inviting their ships to participate in the Review. Called an International Fleet Review, this event then provides the host nation an occasion to display its own naval prowess and maritime capabilities whilst simultaneously generating goodwill amongst other maritime nations. The review also aims at assuring the country of the Indian Navy’s preparedness, high morale and discipline.

Source: The hindu, PIB

 

India ratifies convention on compensation for nuclear damage

India has ratified the Convention of Supplementary Compensation for Nuclear Damage (CSC), marking an important step in addressing matters related to civil nuclear liabilities.  It has submitted the Instrument of Ratification of the Convention on Supplementary Compensation for Nuclear Damage, 1997 to the International Atomic Energy Agency (IAEA), the depositary at Vienna in what would facilitate its nuclear commerce with international partners. The Convention will come into force for India 90 days from the date of deposit of the ratification instrument, which is May 4, 2016.

Analysis

In a significant move aimed at putting an end to the contentious nuclear liability issue and assuage suppliers’ concerns, India has ratified the Convention of Supplementary Compensation  (CSC) for Nuclear Damage, marking an important step in addressing matters related to civil nuclear liabilities.  The move will help establish a worldwide liability regime of enhanced compensation for nuclear damages. The Nuclear Insurance Pool was formed in June 2015. Incidentally, of the three countries (US, France and Russia) with which India are collaborating for building reactors, it was the US that had pressed for ratifying the CSC.

Objective of the CSC

CSC seeks to establish a worldwide liability regime and to increase the amount of compensation available to the victims of nuclear accidents.

Background

The CSC was adopted on 12 September 1997, together with the Protocol to Amend the Vienna Convention on Civil Liability for Nuclear Damage, and entered into force on 15 April 2015. It aims at increasing the amount of compensation available in the event of a nuclear incident through public funds to be made available by the Contracting Parties on the basis of their installed nuclear capacity and UN rate of assessment. It also aims at establishing treaty relations among States that belong to the Vienna Convention on Civil Liability for Nuclear Damage, the Paris Convention on Third Party Liability in the Field of Nuclear Energy or neither of them, while leaving intact the 1988 Joint Protocol that establishes treaty relations among States that belong to the Vienna Convention or the Paris Convention.

Significance of the ratification

Ratification of Convention on Supplementary Compensation for Nuclear damage will boost India’s nuclear commerce and also strengthen an instrumental convention and global nuclear liability regime.

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JIGYASA: Daily Current Affairs Quiz of February 5, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of February 5, 2016 for you!

  1. Which of the following Ministries has launched an official YouTube channel on 4th February 2015?
  • Defence Ministry
  • Ministry of Finance
  • Ministry Of Home Affairs
  • Ministry of Women and Child Development

Answer : 2

  1. Which of the following taxicab services has bagged the prestigious Chief Minister’s Award in Kerala for Innovation in Public Policy 2014?
  • She Taxi
  • Panickers Cabs
  • com
  • Kochi Taxi Cabs

Answer:1

  1. India in February, 2016 through the Department of Biotechnology, Ministry of Science and Technology signed a Cooperation Agreement to acquire the status of the Associate Member State one of the following organization. Identify it.
  • Institute for Systems Biology
  • Department of Systems Biology
  • United Kingdom Systems Society
  • European Molecular Biology Organisation

Answer:4

  1. Name the first ever petro-chemical project in the entire North-East to be inaugurated by Prime Minister Narendra Modi on 5th February, 2016?
  • Barak Cracker and Polymer Limited
  • Sikkim Cracker and Polymer Limited
  • Mizoram Cracker and Polymer Limited
  • Brahmaputra Cracker and Polymer Limited

Answer:4

  1. The International Fleet Review 2016 will be held in one of the following cities in February, 2016? Identify the city.
  • Pune
  • Bangalore
  • Hyderabad
  • Visakhapatnam

Answer:4

  1. State-run iron ore pellets maker KIOCL has inked a pact with one of the following state government in February, 2016 to set up a beneficiation plant and a pelletisation unit in Bellary district in the state. Identify the state.
  • Telangana
  • Karnataka
  • Tamilnadu
  • West Bengal

Answer:2

  1. Who among the following has taken over the charge of Chairman and Managing Director of state-run power generator NTPC in February, 2016?
  • Sanjeet Singh
  • Sandeep Singh
  • Gurdeep Singh
  • Suraj Maan Singh

Answer: 3

  1. Hyderabad-based Bharat Biotech claimed it is probably the first in the world to file for a global patent for Zika vaccine candidates in February, 2016. It is called…
  • Zikavac
  • Zikavax
  • Zikamad
  • Zika vaccine

Answer:1

  1. Name the NASA’s spacecraft set to arrive at Jupiter in 2016 to study the giant planet from an elliptical, polar orbit after the spacecraft successfully executed a manoeuvre to adjust its flight path on 4th February, 2016?
  • Juxo
  • Juno
  • Juko
  • Jumo

Answer:2

  1. The 12th South Asian Games kicks off in one of the following cities in February, 2016. Identify the city.
  • Guwahati
  • New Delhi
  • Bangalore
  • Hyderabad

Answer: 1

Happy learning!

TEAM CL

 

 

 

Daily PT Capsule Feb 4

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Daily PT Capsule UPSC Civil Services
Daily PT Capsule UPSC Civil Services
 

GM mustard study to be released soon

The Genetic Engineering Appraisal Committee (GEAC) will consider making public, immediately, the results of tests and studies so far conducted to test the safety of transgenic (or GM) mustard.

The Supreme Court has sought an explanation from the central government on its proposed move to introduce herbicide resistant mustard, cotton and corn in the face of a court-imposed ban on their introduction.

A three-judge bench, asked Attorney General of India Mukul Rohatgi to explain his stand on a contempt petition filed against the members of the committee which cleared the proposal.

The top court had in a series of orders passed in February 2007, April 2008 and August 2008 sought to restrain both small-scale and large scale field trials in any food crops as well as their commercial introduction in the country.

Analysis

What are GM crops? – Genetically modified crops (GMCs, GM crops, or biotech crops) are plants used in agriculture, the DNA of which has been modified using genetic engineering techniques. In most cases, the aim is to introduce a new trait to the plant which does not occur naturally in the species. Examples in food crops include resistance to certain pests, diseases, or environmental conditions, reduction of spoilage, or resistance to chemical treatments (e.g. resistance to a herbicide), or improving the nutrient profile of the crop.

What is GEAC? – Genetic Engineering Approval Committee (GEAC) is the apex body for regulating GM crops. Its functions are given below.

  • To authorize large scale production and release of GMOs and products thereof into the environment.
  • To adopt producers for restriction or prohibition, production, sale, import & use of GMOs both for research and applications under EPA.
  • To permit the use of GMOs and products thereof for commercial applications.
  • To approve for conduct of large scale field trials, evaluation of large scale field trial data and final approval for release of transgenic crop in to the environment.
  • To authorize agencies or persons to have powers to take punitive actions under the EPA.

 

Source: TheHindu, EconomicTimes

 

Bharat Biotech to prepare vaccine for Zika virus

Bharat Biotech has developed two candidates for the vaccine to fight Zika virus. The company said the two candidates were in an advanced stage of development and could be ready soon.They  are planning to test the vaccine on animals in the next two weeks.

Bharat Biotech submitted necessary information to the Indian Council of Medical Research four days ago. The company is now planning to seek Prime Minister Narendra Modi’s help in expediting regulatory clearances. When Ebola vaccine candidates were being discussed, the company had skipped Phase-II trials and went on to Phase-III with a small sample size. Given the urgency of the situation, something of that sort will be required.

Analysis

About Bharat Biotech – Bharat Biotech is an Indian Biotechnology company, headquartered in Hyderabad, India. The company was founded by Indian scientist, Krishna Ella.

The company had also tested vaccines in the case of Ebola breakout. It is also working on Chikungunya which has a similar vector like Zika virus.

Source: TheHindu

 

Slump in Exports

India’s exports since December 2014 have been declining. While the primary reason has been the slowdown in the global economy, declining crude oil prices coupled with low commodity prices have added to the woes of the exports sector.  However, domestic challenges like slowdown in manufacturing, high logistics cost, increasing transaction cost and product profile of our exports have also contributed in no less measure.

But during the last six months when the Indian exports have been declining countries like Bangladesh and Vietnam have shown a positive growth in exports.

Analysis

What has been done so far? – Government has so far made revisions in Merchandise Exports from India Scheme(MEIS) benefits and announcement of Interest Equalisation Scheme on Export Credit along with the benefits on all Industry Rates of Duty Drawback.

What are the main issues? – The inverted duty structure is creating difficulties in competing in domestic as well as foreign markets for Indian firms. It not only affects exports but also the manufacturing sector and adversely impacts Make in India and the import substitution strategy. Providing the Special Additional Duty (SAD) exemption to manufacturers can help in giving a boost.

The biggest challenge affecting MSME exports is on the marketing front. The total marketing support extended by Department of Commerce under MAI and MDA is insufficient.

What could be done? – Budget 2015 extended SAD exemption on import of certain products for use in manufacture of IT hardware. However, appliance and consumer electronics (ACE) manufacturers still face the same issue as the value addition in this sector, for several products, is quite low and results in an inverted duty structure.

Overhauling of Special Valuation Branch (SVB) procedure to simplify imports, viz. specifying a definitive time frame for issuance of the SVB order, shorter time frames for issuance of renewal orders and relaxation/removal of SVB orders on goods that attract a nil rate of basic customs duty. Removal of mandatory pre-deposits of tax/duty and lower limits for startups and SMEs.

Export Development Fund (EDF) should be created with a corpus of 0.5 per cent to 1 per cent of total export value so that sizeable money is available to promote MSME exports.

Most importantly immediate launch of the Integrated Trade Portal by CBEC to provide for online flow of exports and import documents amongst all regulatory agencies, will also help in reducing overall transaction cost by about 1-2 per cent.

Source: TheHindu

 

From DBT to Social Security

The government has drawn a blueprint over the past three months  that aims to transform the direct benefits transfer (DBT) regime launched in January 2013, into a social security platform linked to the beneficiary database that will have details about the household. A unified national database of beneficiaries  is under consideration that can be updated in real-time and automatically trigger new benefits such as vaccine shots for a newborn baby.

While the trinity of Jan Dhan Yojana, Aadhaar and mobile connectivity, referred to as JAM, would still play a key role, the government believes there are still several operational issues with the three elements that will take time to sort out. For instance, improvement in mobile network coverage and higher enrolments under Aadhaar would take time.

A committee in the Cabinet Secretariat is also working with the Finance Ministry to create a network of 2 million cash points such as kirana stores, chemists and Grameen Dak Sewaks in 6 lakh villages by March 2017, so that getting the cash in hand isn’t an ordeal for the rural poor.

Analysis

What is Direct Benefit Transfer? – Under the ‘Direct Benefits Transfer’ or ‘DBT’, the entitled benefit from several schemes of the central government in the form of subsidy, stipend, scholarship or other monetary benefits is directly transferred to the beneficiary’s bank account which will eventually be linked to an ‘Aadhaar’ number.

DBT aims to target the beneficiaries accurately and reduce corruption. It will eliminate waste in subsidy transfer.

JAM Trinity – An abbreviation for Jan Dhan Yojana, Aadhaar and Mobile number. JAM trinity can help take DBT to every citizen of India. With Aadhaar helping in direct biometric identification of disadvantaged citizens and Jan Dhan bank accounts and mobile phones allowing direct transfers of funds into their accounts, it may be possible to cut out all the intermediaries.
A nationalised database would help in further streamlining the DBT scheme but at the same time there are threats like cyber security and seamless integration of the database. An error of inclusion or exclusion could result in a loss of social security net for a poor individual.

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JIGYASA: Daily Current Affairs Quiz of February 4, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of February 4, 2016 for you!

 

 

  1. Who among the following has been elevated as the Chief Justice of the Gujarat High Court in January, 2016?
  • Vivek Kumar Birla
  • Attau Rahman Masoodi
  • Ashwani Kumar Mishra
  • Ramayyagari Subhash Reddy

Answer: 4

  1. Name the Manipuri documentary film to won the Golden Conch award for the best documentary film (up to 60 minutes) at the 14th Mumbai International Film Festival (MIFF) for Documentary, Animation and Short Films in February, 2016.
  • Ishanou
  • Phum Shang
  • Imagi Ningthem
  • Matamgi Manipur

Answer: 2

 

  1. Which of the following companies has rated world’s most powerful brand in IT services in February, 2016?

 

  • Cyient
  • Infosys
  • Reliance Industries Limited
  • Tata Consultancy Services

Answer: 4

 

  1. Who among the following has been appointed as head of Indian Cost Accounting Service in February, 2016?
  • Aruna Sethi
  • Anita Sethi
  • Aradhana Sethi
  • Arnradha Sethi

Answer: 1

  1. Who among the following Sarangi maestros has received Bhimsen Joshi Award in February, 2016?
  • Ustad Sabri Khan
  • Ustaad Sultan Khan
  • Pandit Ram Narayan
  • Pandit Anindo Chatterjee

Answer: 3

 

 

 

  1. Reliance Group Chairman Anil Ambani on 3rd February,, 2016 announced the establishment of Dhirubhai Ambani Centre for Innovation and Research in Aerospace at Whitefield in one of the following cities. Identify the city.
  • Guwahati
  • New Delhi
  • Bengaluru
  • Hyderabad

Answer: 3

 

  1. The Council for Scientific and Industrial Research (CSIR) on 4th February, 2016 launched the country’s first anti-diabetic ayurvedic drug for type two Diabetes mellitus. Name the drug.
  • BGR-31
  • BGR-32
  • BGR-33
  • BGR-34

Answer: 4

  1. Who among the following has been appointed as the vice-president and chief investment officer of the newly-created Asian Infrastructure Investment Bank (AIIB)in February, 2016?
  • DJ Pandian
  • Chanda Kochhar
  • Shaktikanta Das
  • Arundhati Bhattacharya

Answer: 1

  1. Which of the following countries celebrated its 68th Independence Day on 4th February, 206?
  • Nepal
  • Malaysia
  • Sri Lanka
  • Bangladesh

Answer: 3

  1. World Cancer Day is observed on…
  • 1 February
  • 2 February
  • 3 February
  • 4 February

Answer: 4

Happy learning!

TEAM CL

Daily PT Capsule Feb 3

0
Daily PT Capsule UPSC Civil Services
Daily PT Capsule UPSC Civil Services
 

India’s response to Zika

The Union Health Ministry has sounded an alert for Zika and appointed the National Centre for Disease Control (NCDC) as the nodal agency for investigation of any outbreak of the viral infection in India.

This comes in the backdrop of the World Health Organization (WHO) designating the virus and its suspected complications in newborns as a public health emergency of international concern.

Analysis

What is the National Centre for Disease Control? – National Centre for Disease Control (NCDC) (previously known as National Institute of Communicable Diseases) is an institute under the Indian Directorate General of Health Services, Ministry of Health and Family Welfare. It was established in July 1963 for research in epidemiology and control of communicable diseases. It has eight divisions under it.

The institute was established to function as a national centre of excellence for control of communicable diseases. The function of the institute also included various areas of training and research using multi-disciplinary integrated approach. The institute was, in addition, expected to provide expertise to the States and Union Territories (UTs) on rapid health assessment and laboratory based diagnostic services. Surveillance of communicable diseases and outbreak investigation also formed an indispensable part of its activities.

Why is Zika a potential health hazard? – India is known for its rampant vector borne diseases like dengue, malaria, chikungunya. Zika is transmitted through the aedes mosquito which are available in India round the year. This makes India a very sensitive zone for the spread of Zika. Coupled with the high infant mortality rate and child malnutrition Zika could potentially be a big health hazard for India.

 

Source: TheHindu

 

New rule for US Pharmaceutical Industry

The US government has made it mandatory for Active Pharmaceutical Ingredients(API) to be manufactured locally. At present, nearly 80 per cent of drug raw material requirement is met by India or China.

Before the new norms came into effect, U.S.-based companies were allowed to procure APIs from countries like India and China, make the fixed formulations (final product) in the U.S. and sell the drugs to the U.S. government.

Pharmexcil — India’s pharmaceutical Export Promotion Council — has approached the Commerce Ministry, requesting authorities to intervene and resolve the issue. The issue comes at a time when Indian API exports have been slowing down.

Sources said the government would first try to resolve this issue bilaterally, failing which it would consider approaching the World Trade Organisation’s dispute settlement panel.

Analysis

What is Active Pharmaceutical Ingredient(API)? – Any drug is composed of two components or aspects. The first is the actual API or Active Pharmaceutical Ingredients, which is the central ingredient. The second is known as an excipient. This refers to the substance inside the drug or tablet. If it is in syrup form, then the excipient will be the liquid that has been used. Thus, excipients are the inactive or inert substances present inside a drug while the Active Pharmaceutical Ingredients is the chemically active substance, which is meant to produce the desired effect in the body.

How will it affect Indian Exports? – Indian companies are not allowed to quote for government contracts in the U.S. since India is not a signatory to the WTO’s government procurement agreement. But this change will affect companies which have subsidiaries in the U.S. that procure APIs from their Indian counterparts and make the finished product in the U.S. Manufacturing  APIs in the U.S. will be a difficult requirement to meet for many of the Indian generic drug manufacturers.

This would seriously impact availability and prices of medicines in the United States. As things stand, nearly 80 per cent of the U.S. requirement for APIs is imported and due to these norms, the U.S. government procurement prices will go up significantly.

Source: TheHindu

 

India-Brunei discuss South China Sea dispute

Brunei held discussion with an Indian delegation led by Vice-President Hamid Ansari on 2nd Feb(Tuesday) regarding Chinese territorial claims in the South China Sea which has the potential to affect free maritime traffic in Southeast Asia.

Brunei briefed India on the negotiation under way for the Code of Conduct for the South China Sea. India supports a negotiated settlement of Brunei’s maritime dispute with China. India also concluded a bilateral defence agreement aimed at ensuring uninterrupted energy lanes between India and South East Asia.

An Indian military source in Brunei said the defence cooperation will provide both sides the institutional foundation for more collaborative work on maritime security and secure India’s energy lanes to Brunei.

Brunei’s main port, Muara — one of the main ports in Southeast Asia through which the bulk of the country’s oil and gas exports to India take place — is in the South China Sea region and will become a major component of India’s growing maritime partnership with Brunei.

Analysis

South Cchina sea dispute

In the South China Sea dispute, the claimants are squabbling first and foremost over sovereignty over the Sea’s territorial features. At its most basic, the claimants disagree over who owns each of the features. Some claimants—like Brunei and Malaysia—have advanced relatively modest territorial claims. Others—like the Philippines and especially Vietnam—have asserted ownership over a much larger proportion of the Sea’s features. Finally, China (and Taiwan) have laid claim to every piece of territory in the entire Sea. (See picture above for a map of these overlapping claims.)

Source: TheHindu, Lawfareblog

RBI relaxes norms for start-ups

The Reserve Bank of India (RBI) on Tuesday  2nd February, relaxed several rules including foreign direct investment norms to boost start-up activity in the country. Announcing the plans, RBI Governor Raghuram Rajan said the aim is to simplify movement of capital and do away with regulatory impediments hampering their growth, to create more ‘unicorns’ or companies with billion-dollar valuations.

Start-ups are allowed to receive foreign venture capital investment irrespective of the sector in which they operate. The new norms will enable transfer of shares from foreign venture capital investors to other residents or non-residents.

RBI will also look at the issuance of innovative FDI instruments like convertible notes by start-ups and streamlining their overseas investment operations. The central bank simplified the process of dealing with delayed reporting of foreign direct investment (FDI)-related transaction by building a penalty structure into the regulations itself.

RBI also said certain proposals are been considered and consulted with the government.

These proposals include, permitting start-up enterprises to access rupee loans under External Commercial Borrowing (ECB) framework with relaxations in respect of eligible lenders, issuance of innovative FDI instruments like convertible notes by start-up enterprises and streamlining of overseas investment operations for start-up enterprises.

Analysis

There have been sustained efforts to encourage the start-up ecosystem in the country in the recent past. This will help in boosting innovation and creation of jobs.

Capital markets regulator Sebi has come up with norms for listing of start-ups after a series of meetings with stakeholders.

The government’s ‘Start Up India’ programme also includes a slew of incentives to boost start-up businesses, offering them a tax holiday and inspector raj-free regime for three years, capital gains tax exemption and Rs 10,000-crore corpus to fund them.

The government has also announced a self-certification scheme in respect of nine labour and environment laws, while there will be no inspection during the first three years of launch of the venture.

Also, a liberalised patent regime is being brought to help start-up businesses register patents, for which the fee will be slashed by 80 per cent.

India, which has the third-highest number of start-ups globally, will also support the ventures by removing the criteria of experience and turnover for bagging government procurement contracts.

Profits earned by start-ups will be exempt from payment of income tax during the first three years of business.

To boost financing, a 20 per cent tax on capital gains made on investments by entrepreneurs after selling of assets as well as government-recognised venture capitalists will also be exempt.
Source: TheHindu, Financial Express

 

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JIGYASA: Daily Current Affairs Quiz of February 3, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants ,

Here is the JIGYASA: Daily Current Affairs Quiz of February 3, 2016 for you!

  1. With which of the following countries India has signed 3 MOUs on 2nd February, 2016 in the fields of cooperation in defence, sports and youth affairs as well as health?
  • Muara
  • Brunei
  • Bangar
  • Jerudong

Answer: 2

  1. Which of the following film has bagged the Best First Foreign Film Award conferred by the French Syndicate of Cinema Critics 2016 (FSCC) in February, 2016?
  • PK
  • Piku
  • Titli
  • Aircfaft

Answer: 3

  1. Alphabet has overtook one of the following companies in February, 2016 to atop the list of the world’s most valuable companies. Identify the company.
  • Apple
  • Oppo
  • Nokia
  • Samsung

Answer: 1

  1. Who among the following has been appointed as the Head of Mission and Force Commander of the United Nations Disengagement Observer Force (UNDOF) by UN Secretary-General Ban Ki-moon in February, 2016?
  • Pradeep Menon
  • Prabhat Menon
  • Pushakar Menon
  • Jai Shanker Menon

Answer: 4

  1. Which of the following states on 2 February 2016 won the 61st National School Athletics championship in February, 2016?
  • Kerala
  • Assam
  • Telangana
  • Tamilnadu

Answer: 1

  1. Which of the following cities will be the 2021 World Aquatics Championships as announced by the International Swimming Federation (Fina) announced on 31st January, 2016?
  • Doha
  • Kazan
  • Kazuno
  • Fukuoka

Answer: 4

  1. Which of the following personalities has been denied the visa to attend a session at the Karachi literary festival on February 5, 2016?
  • Om Puri
  • Nandita Das
  • Anupam Kher
  • Nassriuddin Shah

Answer: 3

  1. World Wetlands Day was observed on…
  • 1st Feb
  • 2nd Feb
  • 3rd Feb
  • 4th Feb

Answer: 2

 

  1. With which of the following companies National Investment and Infrastructure Fund has signed an MoU in February, 2016?
  • Daaz
  • Alfa Group
  • Acron Group
  • RUSNANO OJSC

Answer: 4

  1. Who among the following has been appointed as the Chief Business Officer of Mumbai based E-commerce firm Craftsvilla on 2nd February, 2016?
  • Manoj Kalra
  • Manish Kalra
  • Denesh Kalra
  • Raghubir Kalra

Answer: 2

Happy learning!

TEAM CL

Daily PT Capsule Feb 2

0
Daily PT Capsule UPSC Civil Services
Daily PT Capsule UPSC Civil Services
 

SC recalls notice to Governor

A few days after ordering Arunachal Pradesh Governor J.P. Rajkhowa to respond why he recommended President’s rule in the sensitive border State, the Supreme Court recalled the order on Monday, saying it made a “mistake” by not realising that Governors have “complete immunity” and are not answerable to courts for acts done in their official capacity.

A five-judge Bench, led by Justice J.S. Khehar, graciously accepted its slip-up, saying it would be only “just and appropriate” to take back the notice issued to Mr. Rajkhowa on January 27.

Analysis

Why court cannot issue notice to Governor?  –  According to Article 361(1) the President, or the Governor or Rajpramukh of a State, shall not be answerable to any court for the exercise and performance of the powers and duties of his office or for any act done or purporting to be done by him in the exercise and performance of those powers and duties: Provided that the conduct of the President may be brought under review by any court, tribunal or body appointed or designated by either House of Parliament for the investigation of a charge under Article 61.

Article 356 and Judicial Review – Following its landmark judgement in the 1994 Bommai case, the Supreme Court of India has clamped down on arbitrary impositions of President’s rule by central governments.The President’s rule came under judicial review of the Supreme Court.

Judicial Review will involve three questions only and will focus on the process rather than merits of the decision. :

  1. Is there any material behind the proclamation
  2. Is the material relevant.
  3. Was there any mala fide use of power.

 

Source: TheHindu, Wikipedia

 

WHO declares Zika a global emergency

The World Health Organisation has declared that the clusters of brain-damaged babies born in Brazil – linked to but not proven to be caused by the Zika virus – constitute a public health emergency of international concern.

The declaration, made by the WHO director Margaret Chan, will trigger funding for research to try to establish whether the Zika virus, spread by mosquitoes, is responsible for the large numbers of babies born with abnormally small heads in Brazil. It will also put resources behind a massive effort to prevent pregnant women becoming infected and, through mosquito control, stop the virus spreading.

The last time WHO declared Ebola as a public health emergency but was criticized for taking too long to make the declaration.

Analysis

What is Zika virus? –  The Zika virus is a mosquito-transmitted infection related to dengue, yellow fever and West Nile virus. Although it was discovered in the Zika forest in Uganda in 1947 and is common in Africa and Asia, it did not begin spreading widely in the Western Hemisphere until last year, when an outbreak occurred in Brazil.

How is it spread? – Zika is spread by mosquitoes of the Aedes genus, which can breed in a pool of water as small as a bottle cap and usually bite during the day.

What does it cause? – The Zika virus causes microcephaly – unusually small heads and damaged brains. It came to notice when doctors in northern Brazil noticed a surge in babies with the condition.

Babies with microcephaly have unusually small heads. In roughly 15 percent of cases, a small head is just a small head, and there is no effect on the infant. But in the remainder of cases, the infant’s brain may not have developed properly during pregnancy or may have stopped growing in the first years of life. These children may experience a range of problems, like developmental delays, intellectual deficits or hearing loss.

Source: TheGuardian

 

Trans-Pacific Partnership and India’s exports

The Trans-Pacific Partnership (TPP), or the mega-regional free trade pact led by the U.S. and including 11 other Asia-Pacific countries, is likely to indirectly impact India’s exports in several industrial sectors such as textiles, plastics, leather, clothing, cotton and yarn, besides the country’s regime on investment, labour standards, intellectual property rights (IPR), government procurement and State-owned enterprises (SOE), according to Commerce Minister Nirmala Sitharaman.

The TPP agreement (which India is not a part of) was reached in October 2015 and the member countries have two years to ratify the pact.

Analysis

How does TPP affect India?

1) TPP has zero tariff or no tariff on goods of members, making them mutually more competitive than India.

2) The Yarn Forward Rule in TPP requires that the fabric or yarn to make apparels for export should also be sourced from TPP members, thus dealing a blow to textile industry in India.

3) The US is hoping to bring the labour and environment regulations closer to its own standard, which will be difficult for India to match, thus reducing its bargaining power with US vis a vis other TPP members from South Asia.

4) The IPR regulations under TPP are more demanding than those of WTO even, so India might have to make compromises for its agri and MSME sectors to compete.

5) Brookings Institute has estimated that the TPP and its exclusion of India can cost around $2.7bn annually in lost trade for India. This number can grow up to $6bn if new members are included in the pact, like China.

6) TPP standards will apply along supply chains, so that products tested in one TPP country need not be tested again at another TPP country. If India cannot meet these tough standards, it will be difficult for her to enter at any point in the global supply chains.

7) Some of India’s largest exports are in the service sector, and reduction in service trade barriers with TPP members can deal a major blow to India.

 

India Likely to become CFO of AIIB

 

India is likely to bag the post of Chief Financial Officer (CFO) in the newly launched Asian Infrastructure Investment Bank (AIIB).

The South China Morning Post (SCMP) is reporting that the VIce-Presidents working alongside China’s Jin Liqun — the newly appointed President of the AIIB — will be from Germany, India, South Korea, Britain and Indonesia. The Vice-President from Germany would serve as the Chief Operating Officer, while his peer from India would become the bank’s first CFO.

The Chief Administrative Officer would be from Indonesia, while the South Korean Vice-President would be handle risk affairs. The British Vice-President is expected to head the communications department.

Analysis

AIIB and China’s Expansion – The AIIB along with the upcoming New Development Bank (NDB) of the Brazil-Russian-India-China-South Africa (BRICS) grouping and the European Bank for Reconstruction and Development (EBRD) are likely to anchor funding for the Eurasian Land Corridor or the China-proposed Belt and Road connectivity initiative, along with opening up a new channel of financial flows for the Global South. The three institutions have been established outside the framework of the Bretton Woods Charter, which led to the post-war emergence of the western-back International Monetary Fund and the World Bank.

Despite U.S. objections, European countries including Britain, France and Germany joined the AIIB. Australia and South Korea – top U.S. allies in the Asia-Pacific – also decided to participate in the development bank as its founding members.

 

TRAI proposes PPP for Bharat Net Project

The Telecom Regulatory Authority of India (TRAI) on Monday recommended public private partnership (PPP) model for the roll out of the Bharat Net project that has been marred by delays.

A PPP model that aligns private incentives with long-term service delivery in the vein of the Build-Own-OperateTransfer/Build-Operate-Transfer models of implementation be the preferred means of implementation, TRAI said.

The concessionaire’s should be handed over task of deployment and implementation of the optical fibre cable and other network infrastructure as well as operating the network during the period of contract, it said. “Concessionaires shall be entitled to proceeds of revenue from dark fibre and/or bandwidth,” the regulator said.

The regulator has also suggested that contract period should be of 25 years, which can be further extended in block of 10, 20 or 30 years.

Analysis

What is Bharat Net Project? – The National Optical Fibre Network (NOFN) is a project initiated in 2011 and funded by Universal Service Obligation Fund to provide broadband connectivity to over two lakh (250,000) Gram panchayats of India at a cost of Rs.20,000 crore ($3 billion).Government of India has given approval of the project on 25-10-2011. The project provides internet access using existing optical fiber and extending it to the Gram panchayats. The project was intended to enable the government of India to provide e-services and e-applications nationally. A special purpose vehicle Bharat Broadband Network Limited (BBNL) was created as a Public Sector Undertaking (PSU) under the Companies Act of 1956 for the execution of the project.

The NOFN project has been revamped as Bharat Net Project with greater participation of private sector. It is part of the Digital India Mission.

 

Questions for UPSC Prelims

Q1)  Which of the following countries is not a part of the Trans-Pacific Partnership?

A) Australia

B) Vietnam

C) Canada

D) China

Ans) D. China is not part of TPP.

 

Q2) Which of the following statements is correct regarding BharatNet project?

  1. 2.5 Lakh villages will be connected through optical fibres
  2. A special purpose vehicle Bharat Broadband network Ltd established as a public-private company will implement the project

 

A) 1 only

B) 2 only

C) Both

D) None

 

Ans) A. A special purpose vehicle Bharat Broadband Network Limited (BBNL) was created as a Public Sector Undertaking (PSU) under the Companies Act of 1956 for the execution of the project.

 

Q3) The Zika virus recently in news is spreading mainly by which of the following?

A) Blood Transfusion

B) Mosquitoes

C) Food

D) Personal Contact

Ans) B. Zika is maily spreading through Aedes mosquitoes.

 

Q4) Consider the following statements regarding Asian Infrastructure Investment Bank(AIIB)?

  1. It has its headquarters in Shanghai
  2. Japan is a member of AIIB

 

A) 1 only

B) 2 only

C) Both

D) None

 

Ans) D. Headquarters of AIIB is in Beijing, China. Japan, USA are not members of AIIB.

 

Q5) Which of the following is not true regarding National Wetland Conservation Program?

A) It proposes close collaboration with state governments

B) It provides for financial assistance under Management Action Plan

C) It provides for financial assistance for Research  Projects

D) None of the above

Ans) D. None of the above.

 

JIGYASA: Daily Current Affairs Quiz of February 2, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants ,

Here is the Jigyasa: Daily Current Affairs Quiz of February 2, 2016  for you!

 

  1. Who among the following has taken charge as the Secretary for Department of Telecommunications in February, 2016?
  • J K Garg
  • J S Deepak
  • S R Bansal
  • Rakesh Garg

Answer: 2

  1. Who among the following has been appointed as the managing director and chief executive officer of Corporation Bank for a period of three years by the union government in February, 2016?
  • S R Bansal
  • J S Deepak
  • Rakesh Garg
  • Jai Kumar Garg

Answer: 4

  1. Who among the following has been appointed as Director General of Sashastra Seema Bal (SSB), the first woman to head a paramilitary force in February, 2016?
  • K. Sharma
  • Durga Prasad
  • Balasubramaniyam
  • Archana Ramasundaram

Answer: 4

  1. With which of the following countries India has inked a pact for visa-free travel by their diplomats in February, 2016?
  • UAE
  • USA
  • Iran
  • Afghanistan

Answer: 4

  1. Vietnam has lifted ban on import of one of the following items in February, 2016?

Identify it?

  • Rice
  • meat
  • Cotton
  • Indian groundnut

Answer: 4

  1. Who among the following has been appointed India’s next Ambassador to Mexico in February, 2016?
  • Mukesh Kumar Pardeshi
  • Mahesh Kumar Pardeshi
  • Muktesh Kumar Pardeshi
  • Mithilesh Kumar Pardeshi

Answer: 3

  1. World Health Organization has declared the spread of one of the following disease as an international emergency in February, 2016. Identify it from the given options.
  • Zika
  • Ebola
  • Dengue
  • swine flu

 

Answer: 1

 

  1. Who among the following has been appointed as Senior Director in World Bank in February, 2016?
  • Vinay Kumar Jha
  • Vijay Kumar Jha
  • Saroj Kumar Jha
  • Sanjeet Kumar Jha

Answer: 3

 

  1. Who among the following cricketers has been appointed as mentor of IPL Kings Eleven Punjab team in February, 2016?
  • Rahul Dravid
  • Virender Sehwag
  • Sachin Tendulkar
  • Mohammad Azharuddin

Answer: 2

  1. Who among the following has won the National Snooker Championship 2016 on 31st January, 2016 in Indore, Madhya Pradesh?
  • Aditya Mehta
  • Sourav Kothari
  • Manan Chandra
  • Siddharth Parikh

 

Answer: 1

Happy learning!

TEAM CL

Daily PT Capsule Feb 1

0
Daily PT Capsule UPSC Civil Services
Daily PT Capsule UPSC Civil Services
 

Re-merger of India Pakistan desks under consideration

The state department of US is considering a merger of India and Pakistan desks after its exit from Afghanistan.

De-hyphenating refers to a policy started by the U.S. government under President Bush, but sealed by the Obama administration, of dealing with India and Pakistan in different silos, without referring to their bilateral relations. It enabled the U.S. to build closer military and strategic ties with India without factoring in the reaction from Pakistan, and to continue its own strategy in Afghanistan with the help of the Pakistan military without referring back to India.

A proposal to re-merge the office of the Special Representative for Afghanistan and Pakistan (SRAP) back with the Bureau of South and Central Asia (SCA) that handles India, the rest of the subcontinent and Central Asian republics is under “active” consideration.

Analysis

What is SRAP?  – It is the Special Representative for Afghanistan and Pakistan. It was setup in 2009 under President Obama. Richard Holbrooke became the first SRAP.

Why India is opposed to the de-hyphenation? – India has disapproved of hyphenation with Pakistan. Inclusion of India with Pakistan would make US third party in India-Pak disputes. And inclusion with Afghanistan would make India support US policy on Afghanistan indirectly.

India still strictly stands by its Shimla agreement where both countries decided to “settle their differences by peaceful means through bilateral negotiations”.

There are indications, however, that even as the U.S. is planning to bring the desks back together, India may not object as strenuously as it did in 2009.

To begin with, India has dropped its objections to talks with the Taliban in the past few months, instead asking to be “kept in the loop” on developments in the U.S. talks on Af-Pak.

In a major shift in December 2015, India decided to supply 4 Mi35 attack helicopters to Afghan security forces, the first such transfer of lethal military hardware, and a move that would have required U.S. approval.

Source: TheHindu

 

India part of Spaceward Bound Programme

A team of scientists from the National Aeronautics and Space Administration (NASA), the Mars Society Australia and the Birbal Sahni Institute of Palaeobotany, Lucknow, will mount an expedition to Ladakh this August to study the similarities of certain parts of the region’s topography and microbial life to Martian surroundings.

According to the programme’s website, Ladakh offers a “high UV (ultra-violet) exposed, dry ecosystem with Mars analogue topological features that tell us heaps about the origin and evolution of our planet’s topological features…”.

The Spaceward Bound Program is an educational program developed at NASA Ames Research Center. The objective is for participating scientific researchers, educators and students to visit remote and extreme environments in different parts of the world and conduct astrogeological/biological experiments, make observations and learn about the origin, sustenance and adaptation of living organisms within such biospheres.

Analysis

The success of India’s low-cost mission to Mars, in 2014, has led to heightened international interest in collaborating with India’s upcoming space missions. India now has an orbiter that’s still circling Mars and taking pictures – with five instruments on board – in hopes of finding methane, carbon dioxide and the effect of solar winds on its surface.

Greater international collaboration could help in knowledge sharing, cost sharing of expeditions and provide exposure to Indian scientists. It can also showcase India’s competencies and lead to greater revenues for Antrix, the commercial arm of ISRO.

Source: TheHindu

 

SC to decide on Section 377 of IPC

On 2nd February the Supreme Court will take a final call on whether Section 377 of the Indian Penal Code (IPC), which criminalises consensual sexual acts of Lesbian, Gay, Bi-sexual and Transgender (LGBT) adults in private, amounts to denial of their rights to privacy and dignity and results in gross miscarriage of justice.

A Bench of the three senior-most judges – Chief Justice of India T.S. Thakur and Justices Anil R. Dave and J.S. Khehar – will hear a batch of eight curative petitions filed by parents, civil society, scientific and LGBT rights organisations against a January 28, 2014 judgment by the Supreme Court dismissing their review petitions on the ground that Section 377 is constitutional and applies to sexual acts irrespective of age or consent of the parties.

Analysis

Section 377 in Chapter XVI of the IPC was introduced during the colonial rule criminalising any sexual activity ‘against the order of Nature’.

Lawyers Collective, on behalf of Naz Foundation filed a writ petition in the Delhi High Court in 2001, challenging the constitutionality of section 377 on the grounds that the draconian law grossly violates the right to privacy, dignity and health under Article 21, equal protection of law and non-discrimination under Articles 14 and 15 and freedom of expression under Article 19 of the Constitution.

In 2009, the Delhi High Court, much to the relief of the LGBTQI community passed a judgement that Section 377 indeed was violative of Articles 21, 14 and 15 of the Constitution as it criminalised the consensual sexual acts of adults in private.

The Supreme Court quashed Delhi High Court judgement in 2013 and declared that it was a judicial overreach and that it was not “for courts to create the law” said the two-judge bench headed by Justice GS Singhvi. The Supreme Court backed out, but passed the ball to the Parliament to review a law that considered private sexual activity criminal.

Why is it wrong? – Naz Foundation in its petitions and documents has maintained that this section is dangerous to a community because the law sought to criminalise someone’s sexual identity and expression, putting them at the risk of extortion, blackmail and harassment. Since the law condemns them as “criminals”, they have no legal recourse but only stigma and prejudice. Many homosexual men with HIV do not get tested because of fear of discrimination and prosecution.

What is a curative petition? The constitution of India guarantees appeals to judgements passed by courts and also apex court through Article 136 of the Constitution of India, 1950. The Supreme Court in its discretion may grant “special leave to appeal from any judgment, decree, determination, sentence or order in any case or matter passed or made by any Court or tribunal in the territory of India except the Court or tribunal constituted by or under any law relating to armed forces.”

Source: Firstpost

 

Considering roads as priority sector

The government will soon approach the Reserve Bank of India (RBI) Governor Raghuram Rajan with a proposal to include road projects under the priority sector list for lending purposes and review the non-performing assets norms to revive Rs. 40,000-crore worth of highway projects that have not taken off due to bureaucratic delays and cost overruns.

The Road Transport and Highways Ministry has decided to take up the priority sector route with the central bank,following a consultation with the Indian Banks’ Association. “Considering the importance of road sector in supporting the economic growth and nation building, it should be classified as ‘priority sector,’” Indian Banks’ Association (IBA), the industry body of banks, suggested

Non-Performing Asset Roads Sector – In a separate move, the Union government may ask the RBI to ease non-performing asset norms for bank loans to revive projects. It may ask the RBI to not classify bank loans as NPAs if the project has failed to take off beyond two years from its original date of commencement.

At present, bank loans, extended for infrastructure projects, become NPAs if the project has been delayed for two years from its original schedule even for reasons beyond the control of promoters such as land acquisition approvals. This will, however, be done for road projects which are found viable after assessment.

Analysis

What is priority sector lending ? –  The banks provide a certain portion of ‘priority sector’ lending in the form of small value loans to farmers for agriculture, micro and small enterprises, poor people for housing, students for education and low income groups and weaker sections.

At present, 40 per cent of loans given by banks should go to priority sectors defined by the RBI. Out of this, 18 per cent should go toward agriculture lending.

The government is finding it hard to revive the 19 highway projects worth Rs. 40,000 crore and it recently met road developers and bankers to address the issues. The move to consider roads under priority sector could help in kickstarting the lagging infrastructure sector. But at the same time it would lead to diversion of funds intended for agriculture and small loans. This could increase the borrowing costs for retail investors.

 

Q1) Which of the following is not a part of the Priority Sector Lending?

A) Housing Loans

B) Education Loans

C) Medium Enterprises

D) Micro-credit

Ans) C. PSL is available for small scale industries and enterprises only.

 

Q2) Which of the following organisations has an initiative known as Spaceward Bound Programme?

A) Indian Space Research Organisation

B) National Aeronautics and Space Administration

C) European Space Agency

D) None of the above

Ans) B. The Spaceward Bound Program is an educational program developed at NASA Ames Research Center.

 

Q3) Which of the following is true regarding the Special Representative for Afghanistan and  Pakistan(SRAP)?

1) It was started in 2009

2) It comes under US department of State

3) India was opposed to being clubbed under SRAP

 

A) 1 only

B) 2 only

C) 1,2,3

D) 1,2

Ans) C. It is the Special Representative for Afghanistan and Pakistan. It was setup in 2009 under President Obama. Richard Holbrooke became the first SRAP. India was opposed to being a part of SRAP.

 

Q4) Consider the following statements regarding Special Leave Petition of the Supreme court.

  1. Special Leave Petition comes under Article 163 of the Indian constitution
  2. Supreme court can grant leave to appeal against any judgment in case any substantial constitutional question of law is involved, or gross injustice has been done.

 

Which of the following is correct?

 

A) 1 only

B) 2 only

C) Both

D) None

Ans) B. Special Leave Petition comes under Article 136 of Indian constitution.

 

Q5) Consider the following statements regarding recent IMF Reforms.

  1. India and China are the biggest gainers in terms of quota and voting rights
  2. There is an overall increase in the capital base of IMF

 

Which of the following is correct?

 

A) 1 only

B) 2 only

C) Both

D) None of the above

Ans) C. The combined capital that its 188 member-countries of IMF will increase to approximately $659 billion from nearly $329 billion. Other winners are India and China, who have respectively increased their voting shares by 0.292 and 2.265 percentage points.

 

JIGYASA: Daily Current Affairs Quiz of February1, 2016

0
Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of February1, 2016 for you!

  1. Andhra CM Chandrababu Naidu assures reservation to one of the following communities in Andhra Pradesh in January, 2016. Identify the community from the given options.
  • Jogi
  • Kapu
  • Korcha
  • Bandara

Answer: 2

  1. Who among the following is the author of the book, titled ‘Nathuram Godse – The Story of an Assassin’ released in January, 2016?
  • Vijai Sardesai
  • Damodar Naik
  • Shankar Desai
  • Anup Ashok Sardesai

Answer: 4

  1. President and Prime Minister have extended their greetings and felicitations to all ranks of the Indian Coast Guard and their families on 39th Anniversary of Indian Coast Guard. It is celebrated on…
  • 30th January
  • 31st January
  • 1st February
  • 2nd February

Answer: 3

Economic development

  1. With which of the following financial companies Honda Cars India has signed a pact on 30th January, 2016 to provide loans to its customers for buying vehicles?
  • ICICI Group
  • Magma Fincorp
  • Bajaj Capital Limited
  • Birla Global Finance Limited

Answer: 2

  1. Who among the following Ace shuttler has clinched the Men’s Singles title of the Syed Modi International Grand Prix Gold Badminton Championships in January, 2016?
  • Srikanth
  • Huang Yuxiang
  • Akshay Dewalkar
  • Pranaav Jerry Chopra

Answer: 1

  1. Who among the following has clinched the Women’s Singles trophy of the Syed Modi International Grand Prix Gold Badminton Championships in January, 2016?
  • PV Sindhu
  • Sayako Sato
  • Sung Ji Hyun
  • Saina Nehwal

Answer: 3

  1. Who among the following has won the Australian Open Men’s Singles Title of the Australian open in Melbourne 30th January, 2016?
  • Andy Murray
  • Novak Djokovic
  • Oliver Anderson
  • Jurabek Karimov

Answer: 2

  1. Who among the following has won the women’s singles final of the Australian open in Melbourne 30th January, 2016?
  • Sania Mirza
  • Martina Hingis
  • Serena Williams
  • Angelique Kerber

Answer: 4

  1. Anti Leprosy Day is observed on…
  • 27th January
  • 30th January
  • 31st January
  • 1st February

Answer: 2

  1. Former Army chief General K V Krishna Rao died at the Army (Research and Referral) Hospital in the national capital on 30th January, 2016. He also served as the governor of one of the following states from 1993 to 1998. Identify the state from the given options.
  • Assam
  • Manipur
  • Meghalaya
  • Jammu and Kashmir

Answer: 4

Happy learning!

TEAM CL

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