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Daily PT Capsule Jan 25

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

President Rule in Arunachal Pradesh

The Union Cabinet on Sunday, 24th January recommended imposition of President’s rule on the Congress-ruled Arunachal Pradesh after it felt the State was heading for a “constitutional breakdown.” The Congress said it would challenge the decision in court if it got the President’s assent.

Analysis

Issue at Hand – Trouble began for the Congress in Arunachal Pradesh when as many as 21 out of its 47 MLAs rebelled. The BJP has 11 MLAs in the 60-member House. Even the Deputy Speaker was among those who rebelled. While the Congress moved a motion demanding removal of the Deputy Speaker, the BJP sought the Speaker’s removal.

The Governor intervened and advanced a session of the assembly. He also sent a letter directing that the first item on the agenda of the session should be a resolution for removal of the Speaker. He directed that the Deputy Speaker, who is disgruntled with the Congress, “shall preside over the House from the first moment of the first sitting of the House in accordance with provisions in article 181(1) of the Constitution”.

The Congress argument is that there is no provision, under the Constitution or Rules of Procedure and Conduct of Business, that empowers the Governor to advance (summon) the session of the assembly without consulting the chief minister and council of ministers. The controversial decision is still pending before a five judge constitutional bench.

President’s Rule –  President’s rule” refers to the imposition of Article 356 of the Constitution of India on a State whose constitutional machinery has failed. In the event that a State government is not able to function as per the Constitution, the State comes under the direct control of the central government; in other words, it is “under President’s rule”. Subsequently, executive authority is exercised through the centrally appointed Governor, who has the authority to appoint retired civil servants or other administrators, to assist him.

It is only after the landmark judgement in 1994 in the S. R. Bommai v. Union of India case that the misuse of Article 356 was curtailed. In this case, the Supreme Court established strict guidelines for imposing President’s rule.

 

Source: TheIndianExpress, Wikipedia

French President Francois Hollande on 3 day  visit to India

 

French President Francois Hollande met Prime Minister Narendra Modi in Chandigarh. The Prime Minister, Shri Narendra Modi, addressed the India-France Business Summit in Chandigarh. The Prime Minister appreciated France for the manner in which it coordinated the CoP 21 negotiations. The Prime Minister spoke at length about the complementarities between India and France, and said both countries are in fact made for each other. Speaking about the security and defence sector, the Prime Minister said Indian talent and French manufacturing capability can together make the world a more secure place. In this context, he mentioned cyber-security as well. The Prime Minister said French companies are well invested in India. He asserted that retrospective tax was a thing of the past, and a closed chapter. He mentioned the initiatives of Mission Innovation, involving India, US and France, and the International Solar Alliance.

16 MoUs and Agreements were exchanged at the Summit.  The Memoranda of Understanding (MoUs), which cover a wide range of sectors like urban development, urban transport, water and waste treatment and solar energy, were signed in the presence of Prime Minister Narendra Modi and French President Francois Hollande.

An agreement between Airbus Group and Mahindra for manufacture of helicopters and three MoUs under the ‘Smart City’ theme were among the 16 pacts signed between India and France. MoUs were signed under the ‘Smart city’ theme for city-specific urban development between French Development Agency (AFD) with the state governments for the cities of Chandigarh, Nagpur and Puducherry.

The aim of the MoUs is to provide specific technical assistance on urban development experts from the French government’s programme.

Analysis

Indo-French Cooperation – India and France are likely to discuss price negotiations of the Rafale deal. Expectations have been rising ahead of Mr. Hollande’s visit of a breakthrough in price negotiations, similar to the one in the India-U.S. nuclear deal that was announced when President Barack Obama visited India for Republic Day in 2015.

Both sides are likely to announce a new phase of space cooperation between the space agencies ISRO and CNES, with a special satellite dedicated to climate change research.

In addition, India and France will discuss more cooperation on the lines of the renewable energy agreement signed last April 2015. Shortly after their meeting in Delhi on Monday, Mr. Modi and Mr. Hollande will travel to Gurgaon to inaugurate the International Solar Alliance Secretariat.

Discussions regarding the hurdles to land acquisition for the six-reactor 9,900-MW Jaitapur facility for which Areva and NPCIL signed an agreement in 2010 are also likely.

Source: TheHindu

West Bengal Tea Industry

 

The West Bengal tea industry has been facing a crunch in the recent times. The state, which has in its fold the famed Darjeeling brand, has since last year, made international headlines with reports of ‘starvation deaths’ in the gardens in North Bengal.

This provides the backdrop to Union Commerce Minister Nirmala Sitharaman’s visit last week. She visited a closed garden as well as a garden belonging to a major corporate group and met all the stakeholders during her short stay.

Analysis

The industry is keen to see some changes on the PLA front. The Plantation Labour Act was enacted in 1951 to ensure workers’ welfare measures, which normally falls within the realms of the State. This included housing facility, cheap power, firewood, subsidised food grains and medical facilities. The industry is asking the possibility of asking workers to accept a minimum wage structure that encompasses the benefits now being extended, to the workers under the PLA. A 2009 report on the Competitiveness of The Indian Tea Industry, prepared by a Union Commerce Ministry panel said that while the industry has failed to keep up with global trends in the tea industry, there was also need to review many of the provisions of the PLA, which may have lost their relevance.

The committee, which had representation from the government and the industry, said that statutory social welfare measures, as mandated in this Act adds to garden-costs and reduces the Indian industry’s competitiveness. It also recommended that as in Sri Lanka, India may consider the dovetailing of various government schemes with the benefits being provided by PLA. It has long been felt that schemes like social security schemes like Indira Awas Yojana, Targeted PDS schemes, National Heath Schemes and Prime Minister’s Gram Sadak Yojana could all be dovetailed with the schemes being implemented under the PLA by the industry.

West Bengal is India’s second largest tea-growing state with a 20 per cent share of country’s tea cultivated area, contributing about 24 per cent of the total India tea crop. There are 377 gardens of which 87 are in Darjeeling and the rest in Dooars (Jalpaiguri and Cooch Behar district) and Terai (Darjeeling plains and Uttar Dinajpur). It is the 188 Dooars gardens, which are facing problems the most. There are a total 2.64 lakh workers directly involved with the industry.

The rising demand for high quality teas in the export and the domestic market has led to a situation of declining demand for Dooars teas, whose quality has been affected by climate-change. Big blenders now rarely bid for these teas at the auctions.

Source: TheHindu

 

Mock Questions

Q1) Which area is geographically referred to as the Duars or Dooars?

A) Floodplains and Foothills of Shivaliks

B) Floodplains and Foothills of North-Eastern Himalayas

C) Floodplains and Foothills of J&K

D) None

 

Ans. B)

 

Q2) Which of the following is true regarding Gold Monetization Scheme?

  1. It provides up to 2.50 per cent tax-free interest per annum
  2. There is no exemption from capital gains due to appreciation in value

 

A) 1 only

B) 2 only

C) Both

D) None

 

Ans) A. There is exemption from capital gains.

 

Q3) Which of the following is not true regarding digital payments in India?

A) RBI has given approval to 11 entities to open payments bank

B) The deposits are capped at Rs. 1,00,000 per person

C) The payment banks can undertake lending activities

D) 25% of branches of payments banks will be in the rural unbanked areas

 

Ans) C. The payments banks cannot undertake lending activities

 

Q4) Which of the following is true regarding World  Economic Forum(WEF)?

  1. It is an inter-government body
  2. It publishes the Global Competitiveness Report
  3. It was founded in 1971 and holds yearly meeting at Davos

 

A) 1,2,3

B) 2,3

C) 1,2

D) None

 

Ans. B) The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva. The forum was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. It publishes the Global Competitiveness Report.

 

Q5) Which of the following article contains the details of President’s rule?

A) Article 352

B) Article 356

C) Article 355

D) Article 365

 

Ans) B.

 

JIGYASA: Daily Current Affairs Quiz of January 24,2016

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Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of January 24,2016 for you!

  1. Defence Minister Manohar Parrikar on 23rd January, 2016 hoisted the largest tricolour in the country atop the tallest pole in
  • Ranchi
  • Kolkata
  • Hyderabad
  • New Delhi

Answer: 1

  1. Pertaining to which of the following freedom fighter Prime Minister Narendra Modi released the first set of 100 declassified files at the National Archives of India here on 23rd January, 2016?
  • Bhagat Singh
  • Lala Lajpat Rai
  • Netaji Subhas Chandra Bose
  • Mohan Das Karam Chandra Gandhi

Answer: 3

  1. Kerala formation Day is observed every year on…
  • 1st January
  • 24th January
  • 1st November
  • 24th November

Answer:3

  1. Which of the following countries has submitted its first Biennial update report to United Nations Framework Convention on Climate Change (UNFCCC) in January, 2016?
  • India
  • China
  • Pakistan
  • Sri Lanka

Answer:1

 

  1. Andhra Pradesh government has launched in January, 2016 ‘Giriputrika Kalyana Pathakam’ a scheme which has been designed to provide a onetime financial assistance of …. to each tribal woman who gets married.
  • 50,000
  • 80,000
  • Rs, 1,00,000
  • Rs, 5, 00, 000

Answer:1

  1. For which of the following states the Union Cabinet on 24th January, 2016 recommended imposition of President’s Rule.
  • Assam
  • Manipur
  • Arunachal Pradesh
  • Jammu and Kashmir

Answer:3

 

 

  1. Which of the following countries has topped South Asia in human development index, 2015 released in January, 2016?
  • India
  • Pakistan
  • Sri Lanka
  • Afghanistan

Answer: (3)

 

  1. A once rare mosquito-borne virus is spreading rapidly through the Americas in January, 2016 and are alarmed because of a possible link between the virus and a birth defect called microcephaly that causes babies to be born with abnormally small heads and potential developmental problems. It is called…
  • Zika
  • Lika
  • Rika
  • Gika

Answer:1

  1. Name the Tabla Player who has died on 22nd January, 2016 at the age of 80.
  • Alla Rakha
  • Nayan Ghosh
  • Bickram Ghosh
  • Pt Shankar Ghosh

Answer:4

  1. Ever year from 15th to 21st January is celebrated as…. in India.
  • Yoga Week
  • PIN Code Week
  • Social work Week
  • Immunization Week

Answer: 2

Happy learning!

TEAM CL

 

 

 

Issue #2: Renewable Energy Scenario in India

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India’s prime minister recently launched an international solar alliance of over 120 countries (International Agency for Solar Technologies & Applications (IASTA)) with the French president, François Hollande, at the Paris COP21 climate summit. This international event has again brought the focus to the potential of renewable energy for the entire world, the tropical countries in particular.  It is all the more relevant to a country like India where approximately 360 million people lack adequate access to grid-electricity and another 20 million households receive less than four hours of electricity per day.

Why Renewable Energy?

1) Renewable energy is, well, renewable – This means it has infinity of sustainability and we will never run out of it. Other sources of energy like coal, oil and gas are limited and will run out some day. Renewable energy can reduce our dependence on fuels and energy from foreign governments.

2) Environmental Benefits – It is clean and results in little to no greenhouse and net carbon emissions. It will not deplete our natural resources and have minimal, if any, negative impacts on the environment, with no waste products of Co2 and other, more toxic take with different sources of energy.

3) Reliable Energy Source – Our dependence on fossil fuels has increased considerably in last few decades. The result is that our national security continues to be threatened by our dependence on fossil fuels which are vulnerable to political instabilities,  trade disputes, wars, and high prices. This impacts more than just our national energy policy. Also, solar and wind plants are distributed over large geographical area and weather disruptions in one area won’t cut off power to an entire region.

4) Economic Benefits – Renewable energy is also cheaper and more economically sound than other sources of generated energy. It is estimated that as a result of renewable energy manufacturing, hundreds of thousands of stable jobs will be created. Thousands of jobs have already been created in numerous European countries like the United Kingdom and Germany, who have adopted measures to manufacture renewable energy. Renewable energy amenities require a less amount of maintenance, which reduces the costs. Switching to renewable energy sources also means that the future of our energy is returned back to the people: to communities, families, farmers, and individuals.

5) Stable Energy Prices – Switching to renewable energy sources also means steady pricing on energy. Since the cost of renewable energy is dependent on the invested money and not the increasing or decreasing or inflated cost of the natural resource, governments would pay a definite price per unit rather than the ever changing commodity prices.

What are its Disadvantages?

1) Reliability of Supply – One shortcoming is that renewable energy relies heavily upon the weather for sources of supply: rain, wind, and sunshine. In the event of weather that doesn’t produce these kinds of climate conditions renewable energy sources lack the capacity to make energy. Since it may be difficult the generate the necessary energy due to the unpredictable weather patterns, we may need to reduce the amount of energy we use.

The presence of battery to store energy becomes a very expensive proposition.

2) Difficult to Generate in Large Quantity – Another disadvantage of renewable energy is that it is difficult to generate large amount of energy as those produced by coal powered plants. This means that either we need to set up more such facilities to match up with the growing demand or look out for ways to reduce our energy consumption.

3) Large Capital Cost – Initial investments are quite high in case of building renewable energy plants. These plants require upfront investments to build, have high maintenance expenses and require careful planning and implementation.

4) Large Tracts of Land Required – To meet up with the large quantities of electricity produced by fossil fuels, large amount of solar panels and wind farms need to be set up. For this, large tracts of land is required to produce energy quantities competitive with fossil fuel burning.

What is the status of renewable energy in India?

Renewable energy in India comes under the purview of the Ministry of New and Renewable Energy. India was the first country in the world to set up a ministry of non-conventional energy resources.  Indian Renewable Energy Development Agency (IREDA), is there to promote, develop and extend financial support for renewable energy and energy efficiency.

The government has taken the following initiatives to promote renewable energy in India.

a) National Clean Energy Fund – The Finance Bill 2010-11 has created a corpus called National Clean Energy Fund, which will invest in entrepreneurial ventures and research in the field of clean energy technologies. The money for this will be garnered through a so-called ‘clean energy cess’ — Rs 50 on every tonne of coal, both domestic and imported.

b) Renewable Energy Certificates (REC) –  REC is a market based instrument which enables the obligated entities to meet their Renewable Purchase Obligation (RPO). Certificates are generated on account of production of renewable energy by RE generators. These certificates can be sold and traded or bartered, and the owner of the REC can claim to have purchased renewable energy.

c) Off Grid Power Program – Distributed/decentralized renewable power projects using wind energy, biomass energy, hydro power and hybrid systems are being established in the country to meet the energy requirements of isolated communities and areas which are not likely to be electrified in near future.

d) Green Energy Corridor – India has set aside US$7.9 billion to create a ‘green energy corridor’ to facilitate the flow of renewable energy into its grid electricity. The project will be implemented with the assistance of Germany which has promised to provide developmental and technical assistance of €1 billion as soft credit.

1) Wind Power – The development of wind power in India began in the 1990s, and has significantly increased in the last few years.  Around 1986 first wind farms were set up in coastal areas of Maharashtra (Ratnagiri), Gujarat (Okha) and Tamil Nadu (Tuticorin) with 55 kW Vestas wind turbines.

As of 30 Nov 2015 the installed capacity of wind power in India was 24,759 MW, mainly spread across South, West and North regions. East and North east regions have no grid connected wind power plant as of March, 2015 end. Wind power accounts for 6% of India’s total installed power capacity, and it generates 1.6% of the country’s power. Wind power is already competitive, meaning the levelized cost of electricity from wind power is the same or lower than that from fossil fuels, and would not require any government support.

Wind is a clean source of power. It accounts for around 70% of India’s source of renewable energy. It is cost effective and can be built on existing farms.  It has also led to job creation in countries like Germany and the USA.

However wind turbines can be situated in selected location that have the required wind speeds. Normally these sites are located far from cities which are the consumption end points. Higher distance leads to transmission losses. They also occupy large tracts of land that cannot be then used for any other purpose. Turbine blades can cause damage to  local wildlife as well.

Wind Energy Initiatives in India

a) National Offshore Wind Energy Policy 2015

  • To promote deployment of offshore wind farms up to 12 nautical miles from coast.
  • To promote investment in energy infrastructure.
  • To promote spatial planning and management of maritime renewable energy resources in the exclusive economic zone.
  • To achieve energy security and reduce carbon emissions.
  • To encourage indigenisation of offshore wind energy technology.
  • To promote R&D in the offshore wind energy sector.

b) National Institute of Wind Energy (NIWE) – has been established in Chennai in the year 1998, as an autonomous R&D institution by the Ministry of New and Renewable Energy (MNRE), Government of India. It is a knowledge-based institution of high quality and dedication, offers services and seeks to find complete solutions for the kinds of difficulties and improvements in the entire spectrum of the wind energy sector by carrying out further research.

c) Excise duty exemption – Full exemption on excise duty is being provided on Pig Iron (SG grade) and ferro-silicon-magnesium for use in the manufacture of cast components of wind-operated electricity generators.

d) Accelerated Depreciation –  has been reintroduced after being withdrawn in 2012. It is as high as 80% on initial capital invested.

e) Generation Based Incentives – GBI will be provided to wind electricity producers @ Rs. 0.50 per unit of electricity fed into the grid for a period not less than 4 years and a maximum period of 10 years with a cap of Rs. 100 Lakhs per MW.

2) Solar Power – India is densely populated and has high solar insolation, an ideal combination for using solar power in India. Much of the country does not have an electrical grid, so one of the first applications of solar power has been for water pumping, to begin replacing India’s four to five million diesel powered water pumps, each consuming about 3.5 kilowatts, and off-grid lighting. Some large projects have been proposed, and a 35,000 km² area of the Thar Desert has been set aside for solar power projects, sufficient to generate 700 to 2,100 gigawatts.

As of 31 August 2015, the installed grid connected solar power capacity is 4,229.36 MW.

Solar Energy Initiatives in India

a) Solar Loan Programme – Launched in 2003, the Indian Solar Loan Programme was a four-year partnership between UNEP, the UNEP Risoe Centre, and two of India’s largest banks, the Canara Bank and Syndicate Bank. The Indian Solar Loan Programme, supported by the United Nations Environment Programme has won the prestigious Energy Globe World award for Sustainability for helping to establish a consumer financing program for solar home power systems. Over the span of three years more than 16,000 solar home systems have been financed through 2,000 bank branches, particularly in rural areas of South India where the electricity grid does not yet extend.

b) Jawahar Lal Nehru National Solar Mission – The Jawaharlal Nehru National Solar Mission was launched on the 11th January, 2010 by the Prime Minister. The Mission has set the ambitious target of deploying 20,000 MW of grid connected solar power by 2022 is aimed at reducing the cost of solar power generation in the country through (i) long term policy; (ii) large scale deployment goals; (iii) aggressive R&D; and (iv) domestic production of critical raw materials, components and products, as a result to achieve grid tariff parity by 2022. This target has been increased to 100,000 MW by 2022.

c) National Institute of Solar Energy – National Institute of Solar Energy, an autonomous institution of Ministry of New and Renewable (MNRE), is the apex National R&D institution in the field Solar Energy. The Government of India has converted 25 year old Solar Energy Centre (SEC) under MNRE to an autonomous institution in September, 2013 to assist the Ministry in implementing the National Solar Mission and to coordinate research, technology and other related works.

d)  Renewable Purchase Obligation (RPO) – mechanism is in place to drive demand for solar power in India until parity in terms of landed cost of power between renewables and other energy sources is widely reached. To comply with RPOs, electricity distributors or ‘discoms’ can either generate a minimum amount of renewable power or purchase renewable energy certificates (RECs) to make up for shortfalls.

e) Exemption from excise duties and concession on import duties on components and equipment required to set up a solar plant.

f) A 10-year tax holiday for solar power projects.

g) Generation Based Schemes for small solar projects connected to a grid below 33KV.

h) A subsidy of 30% of the project cost for off-grid PV and solar thermal projects. Loans at concessional rates for off-grid applications.

i) Special incentives for exports from India in renewable energy technology under renewable sector-specific SEZ.

3) Biomass and waste to energy – Every year, about 55 million tonnes of municipal solid waste (MSW) and 38 billion litres of sewage are generated in the urban areas of India. In addition, large quantities of solid and liquid wastes are generated by industries. Waste generation in India is expected to increase rapidly in the future. As more people migrate to urban areas and as incomes increase, consumption levels are likely to rise, as are rates of waste generation. It is estimated that the amount of waste generated in India will increase at a per capita rate of approximately 1-1.33% annually.

India has had a long involvement with anaerobic digestion and biogas technologies. Waste water treatment plants in the country have been established which produce renewable energy from sewage gas, however there is significant un-tapped potential. Also wastes from the distillery sector are on some sites converted into biogas to run in a gas engine to generate onsite power.

4) Small Hydroelectric Projects – A number of mini/micro hydro projects have been set up in remote and isolated areas, mainly in Himalayan & Western Ghat region. While these projects are developed by various state agencies responsible for renewable energy, the projects are normally maintained by entrepreneurs or by local community’s / Gram Panchayat / tea garden owners’ participation.

It has been estimated that there are more than 1.5 lakh potential water mill sites in the Himalayan regions of India. With the R&D efforts, new and improved designs of water mills have been developed for mechanical as well as electricity generation of 3-5 kW. These designs were tested at AHEC, IIT Roorkee and have been replicated by 6-7 small scale manufacturers.

To encourage and accelerate the development of water mills and micro hydel projects in the remote & hilly areas, a scheme for providing Central Financial Assistance (CFA) during 2014-2015 and the remaining period of the 12th Five year Plan for development/upgradation of watermills and setting up of micro hydel projects upto 100 kw capacity to State Governments.

References:

http://www.conserve-energy-future.com

http://climatepolicyinitiative.org

http://www.eai.in

 

 

 

 

JIGYASA: Daily Current Affairs of January 23, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs of January 23, 2016 for you!

  1. In January 2016, newly discovered Himalayan bird is named after:

(1)          Salim Ali

(2)          APJ Abdul Kalam

(3)          Sachin Tendulkar

(4)          Subhash Chandra Bose

 

Answer:1

  1. Recently in January 2016, Deposits in Jan Dhan accounts crossed the mark of Rupees:

(1)          20,000 Crore

(2)          25,000 Crore

(3)          30,000 Crore

(4)          40,000 Crore

Answer:3

  1. In January 2016, Young Entrepreneurs Academy decided to launch its first programme in India in August 2016. This academy belongs to:

(1)          UK

(2)          USA
(3)          France

(4)          Germany

Answer:2

  1. Maharashtra submits proposals worth Rs 29,647 crore for its ‘Smart City’ plan in January 2016. The number of cities included in smart city project from Maharashtra is:

(1)          8

(2)          10

(3)          12

(4)          15

Answer: 2

  1. Name of the bilateral naval exercise conducted between India and Oman in January 2016 ?

(1)          Salam Al Asher

(2)          Naseem Al Bahr

(3)          Al Bahar

(4)          Shamas Al Daher

Answer: 2

  1. In January 2016, which among the following South Asian country topped in human development?

(1)          Sri Lanka

(2)          Pakistan

(3)          India

(4)          Bangladesh

Answer:1

  1. Recently which Indian state government has reverted the name of its flagship scheme ‘Dr Verghese Kurien Self Employment Scheme’ to its original name ‘Chief Minister’s Rojgar Yojana (CMRY)’?

(1)          Madhya Pradesh

(2)          Gujarat

(3)          Punjab

(4)          Goa

Answer: 4

  1. Prime Minister Narendra Modi flagged off a new train …….. Connecting Varanasi and New Delhi through Lucknow in January 2016?

(1)          Atal Express

(2)          Mahamana Express

(3)          Shyama Prasad Express

(4)          Sardar Express

Answer: 2

  1. Which among the following is not among the themes for the Republic Day tableaux of 2016?

(1)          Asiatic lions in Gir, white tiger safari

(2)          A giant statue of B R Ambedkar

(3)          Jan Dhan Yojana

(4)          Digital India

Answer: 3

  1. In January 2016 which country submitted its first Biennial Update Report (BUR) to the United Nations Framework Convention on Climate Change (UNFCCC)?

(1)          UK

(2)          India

(3)          Germany

(4)          Italy

Answer:2

Happy learning!

TEAM CL

The Last Lap – Bank Interviews (Part – II)

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As promised in the previous article that we will come back with part II for banking interviews, and here it is. We fulfilled our promise to help you ace the banking interviews.

There are various types of questions which bog you down or leave you confused.

A common question that is asked to almost all Engineers is – Why banking and not the engineering field or how your engineering qualification can be useful in the banking sector?

Let us understand a logical answer to this question:

The entire world is driven by technology, so is the banking industry. Banking industry is moving to Core Banking Solution (CBS) where most of the banks are now 100% CBS. In fact, a few banks are proposing for paperless banking as well. Whatever be the engineering stream, each engineer has good hands on computer and internet experience. So, this makes them efficient in their work.

Now, if a candidate has a background of IT / Computer Science / Electronics or so, he can definitely be of a great use for the organization. An engineer with a software/hardware background can innovate, help in evolution and bring in changes as per the changing demand.

Besides that, in the recent past, State Bank of India (SBI) has conducted special recruitment drive for Officers who have technical degrees in Mechanical, Electrical and Civil. It simply means that there is a demand for core engineering fields as well. For example – A big corporate house comes for a 10 billion loan to start a new hydro power plant. The bank has the competency to judge the financials of the project but what about the technical viability of the project. How would the bank know that the project is technically viable? An engineer in the relevant field can definitely help in vetting the technical viability of the project. Similarly, a technical background can help in several ways besides being a general banking officer.

Another very common question is ‘Why Banking’? I believe this is among the easiest of all questions to answer but we make it difficult in an attempt to give a diplomatic answer. There is no need to fabricate the answers. Be what you are and don’t forget, honesty is still the best policy. Now, ask yourself, why you want to join the banking industry?

The reasons are very simple and straight. There are a lot of opportunities in banking, so relatively it is easier to get into banking. Secondly, a bank officer earns a handsome salary, which is close to Rs. 45,000 and other perquisites as well. There are several other benefits of joining banking industry like social respect and recognition, job security, etc. Recently, in an interview, RBI Governor, Shri  Raghuram Rajan has said that another economic recession is not far away. In such a scenario, each individual looks for job safety and security and banking industry provides it the best.

Besides that, because of the huge retirements taking place, a lot of opportunity is available for future growth as well. For example- In the early 70’s and 80’s, the promotion criteria for an individual to become an Officer Scale II was a minimum 7 years of experience as an Officer Scale I, which now has been reduced to 3 years and 2 years in a few banks.

One can have his own other reasons as well depending upon his educational background and family background. Still the above mentioned reasons are enough to justify an individual’s anxiety towards banking sector and government jobs.

I hope this will help boost your confidence in your interviews. For any further queries or specific questions, please comment below.

All the best future bankers!!!

Daily PT Capsule Jan 22

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

FDI flows into India nearly doubled in 2015: UNCTAD

According to the annual report of the United Nations Conference on Trade and Development, Global FDI flows “unexpectedly” increased significantly by 36 per cent to $1.7 trillion and this is closer to the pre-crisis level and the highest since the global financial and economic crisis. Developing economies, as a whole, saw their FDI reaching a new high of $741 billion – 5 per cent higher than 2014.

Analysis

Annual report on FDI flows globally and specially into India now gone up by 36%, since last year and despite the decline in the global economy, this is positive news for India. The prospects of creating employment and income in the economy of India are something to cheer about.

The government has been able to create a positive sentiment in the global arena through its policy announcements such as the recent Start Up in terms of tax released and the resources that will be made available to entrepreneurs and also the policy decisions taken in the past and their implementations such as various FDI programmes launched by Prime Minister.

A very interesting juncture in the UNCTAD reports states about $1.7 trillion of increase in FDI worldwide. Though there was decline in FDI of various nations, for India it was almost nearly doubled in 2015 to USD 59 billion while the US emerged as the top host country for FDI last year.

FDI Trends
Countrywise FDI Projections

 

Distribution of FDI for the year - The FDI inflow of $59bn for the year has went up by 36% and the inflow has been coming from US, UK, Netherlands and couple of countries which are the prime contributors. The high amount of infusion has been seen in the Greenfield projects and other sector include the ICT and power generation for transportation so as to have infrastructure into India, which includes the Electronics, communication, power generation, roads, railways, highways. Infrastructure is the sector which is actually getting chunk of FDI.  These are the sectors that are directly linked to the poorest in the country. All three key sectors of growth i.e. services, agriculture and industry have been benefited from this.

Brownfield FDI vs Greenfield FDI - Green-field investments occur when a parent company begins a new venture by constructing new facilities in a country outside of where the company is headquartered. There are several reasons why a company opts to build its own new facility rather than purchase or lease an existing one. The primary reason is that a new facility offers the maximum design flexibility and efficiency to meet the project’s needs. An existing facility forces the company to adjust based on the present design.

Brown-field investments occur when a company or government purchases an existing facility to begin new production. The clear advantage of a brown-field investment strategy is that the building is already constructed. The costs of starting up may be greatly reduced. The time devoted to construction can be avoided as well.

Investment Fueled Growth - The IIP data published recently does not indicate a translation of the investment into growth. The indicators for manufacturing factory data of procurement does not really spike as quickly as it dropped. But if we look at the retail segment and the domestic consumption, both have seen a rise in the last six months. There has not been a similar rise in the private investment by corporate owing to strained balance sheets.

Source: TheHindu

 

More Plastic than Fish in the Ocean: WEF

In a report by the World Economic Forum (WEF) it estimates that every year at least 8 million tonnes of plastics leak into the ocean, which is equivalent to dumping the contents of one garbage truck into the ocean every minute and oceans will have more plastics than fish by 2050 if the ongoing practice of dumping plastics continues.

It reveals that 95% of the value of plastic packaging material, worth $80 billion-$120 billion annually, is lost to the economy.

Analysis

Global production of plastics is increasing every year and the amount of plastic litter that is finding its way into the environment and into the oceans is also increasing, especially in the areas of the world where waste management practices are not keeping up with this rapid increase. From the whale, sea lions, and birds to the microscopic organisms called zooplankton, plastic has been, and is, greatly affecting marine life on shore and off shore.

Environmentalists have long denounced plastic as a long-lasting pollutant that does not fully break down, in other terms, not biodegradable.

However, most of the littered plastic waste worldwide ultimately ends up at sea. Swirled by currents, plastic litter accumulates over time at the center of major ocean vortices forming “garbage patches”, i.e. larges masses of ever-accumulating floating debris fields across the seas. The most well known of these “garbage patches” is the Great North Pacific Garbage Patch, discovered and brought to media and public attention in 1997 by Captain Charles Moore. Yet some others large garbage patches are highly expected to be discovered elsewhere, as we’ll see further.

Great Pacific Garbage Patch
Great Pacific Garbage Patch

The WEF report has suggested steps to have an effective after-use pathways for plastics, drastically reducing leakage of plastics into natural systems, especially oceans, and finding alternatives to crude oil and natural gas as the raw material of plastic production.

Source: GreenFacts.org

 

Capital Subsidy for Textiles

The government had announced 15 per cent capital subsidy for investments in technical textiles under the Amended Technology Upgradation Fund Scheme. The Centre of Excellence for Industrial Textiles/Home Textiles at PSG College of Technology would have plug-and-play facilities (focus incubation centre) for potential entrepreneurs in technical textiles.

The Ministry is streamlining issues at Sardar Vallabhbhai Patel International School of Textiles and Management here and has worked out a plan to strengthen the institute. It has formed a panel of guest lecturers so that students are not affected, according to Textile Commissioner Kavita Gupta.

Technical textiles industry is projected to grow at 20 per cent year-on-year and the segment’s potential is largely untapped in the country.  From domestic growth to export to import substitution, the segment had huge potential in the country.

Analysis: Textile Industry in India

Textile is one of India’s oldest industries and has a formidable presence in the national economy inasmuch as it contributes to about 14 per cent of manufacturing value-addition, accounts for around one-third of our gross export earnings and provides gainful employment to millions of people. They include cotton and jute growers, artisans and weavers who are engaged in the organised as well as decentralised and household sectors spread across the entire country.

It enjoys possibly the widest linkages, both forward and backward, and contributes directly not only to the livelihood but also to the empowerment of largely the weaker sections of the society living in rural and semi-urban areas.

The industry suffers from issues like obsolete technology, low labour productivity, erratic power supply and stiff competition from the south east Asian economies.

Source – PIB, TheHindu

JIGYASA: Daily Current Affairs Quiz of January 22, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of January 22, 2016  for you!

  1. To how many more districts the Government has decided to extend the Beti Bachao Beti Padhao scheme in 2016 to improve skewed child sex ratio as declared in January, 2016.
    • 41
    • 51
    • 61
    • 101

Answer: 3

  1. Reserve Bank in January, 2016 has permitted banks to sell India …. through their branches.
  • India Gold Coins
  • Gold Deposit Scheme
  • Gold Monetization Scheme
  • None of the above

Answer: 1

  1. What percent of commission the government will pay to banks to unlock the country’s massive stash of gold under a new monetisation scheme, As declared by the Reserve Bank of India on 21st January, 2016?
  • 5%
  • 5%
  • 5%
  • 5%

Answer: 1

  1. The RBI has asked banks to provide loans of up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM) …. scheme during 2015-16.
  • Rojgar
  • Amadani
  • Aajeevika
  • Nirbharta

Answer: 3

  1. The Reserve Bank on 21st January, 2016 directed banks that a pensioner’s account should not have more than … credit transactions in a calendar year for pension and arrears payments.
  • 10
  • 12
  • 14
  • 15

Answer: 3

  1. According to the annual report of the United Nations Conference on Trade and Development released on 21st January, 2016, global FDI flows increased significantly by …. per cent.
  • 32
  • 34
  • 35
  • 36

Answer: 4

  1. In which of the following real estate portal Japanese conglomerate SoftBank has invested an additional Rs 100 crore in January, 2016?
  • Housing.com
  • Magicbricks.com
  • Indiaproperty.com
  • Commonfloor.com

Answer: 1

 

 

  1. Which of the following leading digital payments companies, has launched India’s 1st Social Mobile Wallet, Udio in January, 2016?
  • Paytm
  • TranServ
  • GoCardless
  • Transferwise

Answer: 2

 

  1. Which of the following Mahotsav has been inaugurated by Maharashtra Chief Minister Devendra Fadnavis on 21st January, 2016 that aims to showcase the history of Shivaji’s reign through a variety of cultural and creative events?
  • Pune Mahotsav
  • Shivaji Mahotsav
  • Raigad Mahotsav
  • Vir Shivaji Mahotsav

Answer: 3

  1. Which of the following metros told the Supreme Court on 21st January, 2016 that it was not possible to increase the frequency of train services as it would involve a huge expenditure?
  • The Delhi Metro
  • The Kolkata metro
  • The Mumbai metro
  • The Hyderabad Metro

Answer: 1

Happy learning!

TEAM CL

 

Daily PT Capsule Jan 21

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

Odd or Even?

Concentration levels of fine particulate matter (PM2.5) decreased by 10 to 13 per cent during the 15-day odd-even plan by the Delhi government, a new study has found.

Researchers from the Energy Policy Institute of the University of Chicago and Evidence for Policy Design at Harvard University studied the levels of PM2.5 in Delhi and surrounding areas before and after the odd-even trial. The researchers used hourly data from November 2015 to January 2016 from seven monitors of the Central Pollution Control Board in Delhi and 16 monitors of the data journalism initiative IndiaSpend in Faridabad, Noida and Gurgaon.

As per the study, the odd-even programme decreased PM2.5 levels in Delhi by 35 to 47 micrograms per cubic metre, which is 10 to 13 per cent on average. An additional 10 per cent decrease was seen between 8 a.m. and 8 p.m. – the duration of the odd-even scheme. The level was well above 200 micrograms per cubic metre, while the standard for PM2.5 is 60.

The study says that though levels of PM2.5 increased across the NCR, the hike in levels in Delhi was comparatively less than that in Faridabad. This, the researchers said, points to the effectiveness of the odd-even policy.

Analysis: Air Quality in India

WHO had assessed 1,622 cities worldwide for PM2.5 and found India home to 13 of the 20 cities with the most polluted air. More cities in India than in China see extremely high levels of such pollution. The human cost is seen in soaring asthma rates, including among children.

India launched its color coded Air Quality Index(AQI) in 2015. It is based on recommendations by the Indian Institute of Technology, Kanpur. In India, as in many other countries, the Index is centred around five chief pollutants – Particulate Matter with a diameter less than 10 micrometres (PM10), Particulate Matter with a diameter of less than 2.5 micrometers (PM2.5), ozone (O3), Nitrogen Dioxide (NO2), and Carbon Monoxide (CO). A monitoring station should be able to give you the concentration of a particular pollutant at that moment in time, and its average over a period of time – for CO and O3, the average is taken over eight hours, while for the other three, it is a 24-hour average. The unit of measurement is microgram (or milligram in the case of CO) per cubic meter.

India has set standards for what it thinks are appropriate warnings for a particular level of pollutant. Here’s what the code is:

Air Quality Index in India

India is ranked high in particulate matter. Particulate matter, also called PM or soot, consists of microscopically small solid particles or liquid droplets suspended in the air. The smaller the particles, the deeper they can penetrate into the respiratory system and the more hazardous they are to breathe. Recent studies indicate that PM can have the following effects on our bodies:

1) PM pollution can cause lung irritation, which leads to increased permeability in lung tissue.

2) PM aggravates the severity of chronic lung diseases, causing rapid loss of airway function.

3) PM causes inflammation of lung tissue, resulting in the release of chemicals that can impact heart function.

4) PM causes changes in blood chemistry that can result in clots that may lead to heart attacks.

5) PM can increase susceptibility to viral and bacterial pathogens leading to pneumonia in vulnerable persons who are unable to clear these infections.

The smaller-sized particles – those 2.5 micrometers or less in diameter, called PM2.5 – are of greatest health concern because they can pass through the nose and throat and be absorbed deep inside the lungs. PM 2.5 are sometimes called “fine” particles, and they are about 1/28th the diameter of a human hair or smaller.

 

Source: The Hindu

 

Rupee breaches 68 to a dollar

 

India’s benchmark equity indices fell to their lowest levels in 20 months as concerns about a global economic slowdown amid slumping commodity prices and a weakening rupee spurred investors to sell shares.

The rupee breached the 68-a-dollar mark on Wednesday for the first time since August 2013. It closed at a record low of 68.85 a dollar on August 28, 2013, just days before Raghuram Rajan took charge as RBI Governor.

“The RBI intervened in both the currency futures as well as in the spot market,” said a dealer with a state-run bank. “The intention of the central bank was not to allow the rupee to depreciate at a fast pace.” The central bank always maintains that it intervenes to curb volatility and does not target any level for the rupee.

The rupee has weakened 2.74 per cent so far this year after declining more than 5 per cent in 2015. Still, the Indian currency has performed better than its emerging market peers from Russia, Brazil and South Africa. Dealers said there could be more pressure on the rupee, going forward.

Analysis

Shocks often have their origins in exuberance. It’s no different with the rupee. As 2015 came to a close, there was a flurry of reports from large international banks on why everyone should be bullish about the Indian currency as oil plunged to new lows.

Then, China happened. As China’s stock exchanges halted trading amid a sell-off, it sent shock waves across markets on the second trading day of 2016. Economic Affairs Secretary Shaktikanta Das said the ongoing currency and stock market volatility stem from investor expectation of rate increase by the Federal Reserve as well as uncertainty around the Chinese economy.

Asserting that the slide of the rupee was a good sign for India, Assocham on Sunday said the country must allow the currency to depreciate to help exports remain competitive. “Any depreciation in rupee on account of China-led turmoil in the global financial markets should only be welcome sign for India, else Indian exports will suffer more at the hands of China and other emerging countries witnessing correction in their currencies.” Yuan devaluation – the third in the last five months – will negatively impact Indian firms which have export exposure to China in sectors such as tyres, pharmaceuticals, steel and organic chemicals textiles due to a volatile change in terms of trade, the chamber said.

“The biggest concern is the steadily deteriorating balance on the merchandise trade account with China,” Assocham president said.

A number of global factors including falling crude oil prices, increase in US interest rates, IMF’s concern over global growth forecast and China’s yuan devaluation along with slowed growth is causing the turmoil.

RBI aims to curb the volatility in rupee as it causes problems for exporters and businesses. Volatility also abets increased speculation over the currency in derivatives market and is not good for the economy. RBI tries to intervene in currency markets to arrest such volatility by selling US dollars.

 

Source: NDTV Profit, TheHindu

 

The Question of Free Basics

In a strongly-worded communiqué uploaded on its website on Tuesday 19 Jan night, TRAI slammed Facebook’s approach to the consultation on differential pricing of data services, the irrelevance of template submissions from millions of its users backing Free Basics and the nature of consent it had obtained from these users.

The Telecom Regulatory Authority of India called the social networking giant’s “crude” attempt at turning the consultation over differential pricing of data services into an “orchestrated opinion poll” on its Free Basics product.

The TRAI in December began a new round of collecting public opinion on Net neutrality, a hot topic in the country. In response to this, the Menlo Park, California-based company started its Save Free Basics campaign, which encouraged its users to send emails through their Facebook accounts to the TRAI and voice their support of the service.

TRAI said it was concerned that the social network asked for support from its users without letting them known precisely what they’re responding to — a consultation form that TRAI had sent out to the public. Instead, Facebook’s Save Free Basics campaign provided users with a template message that touted the benefits of the service to send to TRAI. The telcom watchdog called the template “tangential”, noting that it was largely irrelevant since the questions on its consultation form didn’t specifically revolve around Free Basics.

Analysis: Free Basics and Net Neutrality

Free Basics is a pet project of CEO Mark Zuckerberg that brings limited Internet use to those who would otherwise not be able to afford it. Originally launched as Internet.org, the service is available in over 30 countries. Though it may seem like a gesture of good will on the part of Facebook, many have expressed concern that the project, by offering only select apps and services rather than the entire Internet, violates the principle of Net neutrality. TRAI, in late December, requested that Facebook halt Free Basics until it turned over more information about the terms of the program.

What is Net Neutrality? – Net neutrality (also network neutrality, Internet neutrality, or net equality) is the principle that Internet service providers and governments should treat all data on the Internet the same, not discriminating or charging differentially by user, content, site, platform, application, type of attached equipment, or mode of communication.

What is Free Basics? – Internet.org was rechristened Free Basics in September, just ahead of Prime Minister Narendra Modi’s visit to Facebook’s headquarters at founder Mark Zuckerberg’s invitation. According to Facebook, it is an open platform that gives Indian developers the opportunity to make their services and websites available free of cost to those who cannot afford internet access. However, this free access is limited to partner websites and applications. It was launched two years ago globally in partnership with Samsung, Ericsson, MediaTek, Opera Software, Nokia and Qualcomm.

What are the trade offs? The problem is that, contrary to what it claims, Free basics doesn’t offer equal and unbiased access to all services. Facebook is partnering with ISPs to provide preferential and selective access to a set of app developers and services. This is the main criticism of those opposed to Free Basics; they argue that the internet should be free and equal for all users. This is also the cornerstone of net neutrality.

Source: Business Standard, TheHindu

JIGYASA: Daily Current Affairs Quiz of January 21, 2016

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Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of January 21, 2016 for you!

  1. Which of the following states will be the first state in the country where women employees in government jobs can avail up to 180 days’ maternity leave while having a baby through surrogacy as declared in January, 2016?
  • Assam
  • Odisha
  • Kerala
  • Maharashtra

Answer: 4

  1. Which of the following state’s government has ink MoU with Tata Trusts for skill training of youth in January, 2016?
  • Bihar
  • Odisha
  • Telangana
  • Maharashtra

Answer: 4

  1. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between Department of Space / Indian Space Research Organization (DOS/ISRO) and …. on cooperation in the exploration and use of outer space for peaceful purposes in January, 2016.
  • Nano scientific research centre
  • Birla institute of scientific research
  • Kuwait Institute of Scientific Research
  • Poornaprajna institute of scientific research

Answer: 3

  1. For which of the following developmental project India and the World Bank on 20th January, 2016 signed a $250 million financing agreement.
  • Bihar Kosi Basin development project
  • Odisha Mahanadi Basin Development Project
  • Assam Brahmaputra Basin Development Project
  • Uttar Pradesh Yamuna Basin Development Project

Answer: 1

  1. The Union Cabinet on 20th January, 2016 approved ex-post facto India’s approach at the last month’s World Trade Organisation (WTO) conference referred to as the ‘Nairobi Package’. It include-
  • Measures related to cotton
  • Ministerial Decisions on agriculture
  • Public stockholding for food security purposes
  • All of the above

Answer: 4

  1. In which of the following e-commerce platform for baby and maternity products Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in January,. 2016?
  • Kidloo.com
  • Firstcry.com
  • Balgopal.com
  • Haushbabies.com

Answer: 2

  1. Who among the following has been appointed as the chief product officer of Housing.com in January, 2016?
  • Snehil Buxy
  • Rahul Yadav
  • Ashish Gupta
  • Advitiya Sharma

Answer:1

 

  1. Who among the following has been appointed as CEO of one of the world’s largest payment services platforms, PayU in January, 2016?
  • Ashish Kashyap
  • Polina Dobriyan
  • Laurent Le Moal
  • Mustapha Zaouini

Answer: 3

 

  1. In which of the forests of Maharastra Seven Buddhist ‘viharas’ caves have been discovered in the January, 2016 under an excavation programme jointly conducted by the Centre for Archaeology, Mumbai University, and the department of ancient Indian culture, Sathaye College, Vile Parle.
  • Pench National Park
  • Chandoli National Park
  • Gugamal National Park
  • Sanjay Gandhi National Park

Answer: 4

  1. Who among the following is popularly known as the ‘frogman of India’?
  • T. Satyamurthi
  • Sunil Kumar Verma
  • Vishwa Gopal Jhingran
  • Sathyabhama Das Biju

Answer: 4

Happy learning!

TEAM CL

 

 

 

 

 

 

Daily PT Capsule Jan 20

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

Oxfam study on Inequality

The richest 1 per cent of the world’s population now own more than the rest of us combined, aid group Oxfam said on Monday, on the eve of the World Economic Forum (WEF) in Davos.

“Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago,” the anti-poverty agency said in its reported published ahead of the annual gathering of the world’s financial and political elites in Davos.

The report, entitled “An Economy for the 1%”, states that women are disproportionately affected by the global inequality.

“One of the other key trends behind rising inequality set out in Oxfam International’s report is the falling share of national income going to workers in almost all developed and most developing countries… The majority of low paid workers around the world are women.”

Although world leaders have increasingly talked about the need to tackle inequality “the gap between the richest and the rest has widened dramatically in the past 12 months”, Oxfam said.

Analysis: Inequality and its Impact

Measuring Inequality – The Gini coefficient (also known as the Gini index or Gini ratio) is a measure of statistical dispersion intended to represent the income distribution of a nation’s residents, and is the most commonly used measure of inequality.

There are many adverse effects of inequality especially in a developing economy like India.

1) Long Term Economic Growth – A degree of inequality can act as a positive influence on economic growth in the short term. However, some economists find empirical evidence of a negative correlation of about 0.5-0.8 percentage points between long-term growth rates and sustained economic inequality.

2) Inequality Increases Crime – Studies establish a positive relationship between income inequality and crime. According to a survey of research conducted between 1968 and 2000, most researchers point to evidence economically unequal societies have higher crime rates.

3) Inequality Decreases Health – The impoverished members of society are subject to disproportionate occurrence rates of certain kinds of illnesses. Access to quality health care and healthy food is sometimes limited or unavailable for poor individuals. The result of a substantial poor population, a defining feature of economic inequality, is a less effective lower-income work force, higher disease and mortality rates, higher health care costs, and progressively deepening poverty for afflicted groups.

4) Economic Inequality Increases Political Inequality –  When wealth distribution becomes concentrated in a small number of hands, political power tends to become skewed in favor of that small wealthy group. High-income groups are able and incentivized to manipulate government in their favor through both legal processes and through corrupt practices. Impoverished or working class groups are simultaneously less able to become educated or participate in the political process as economic means become increasingly scarce.

5) Inequality Decreases Education – Substantial empirical research reveal link education and poverty. Nations with a high degree of economic equality and a relatively small low-income population tend to have a substantially higher level of education. A one-point increase in the Gini coefficient (a measurement of income inequality) translates into a 10% decrease in high school graduation rates and a 40% increase in college graduation.

Source: Seven Pillars Institute

 

Countering Hate Speech

Facebook has started a new initiative to counter extremist posts on the social networking website in Europe.  According to Facebook, it will invest €1 million in European non-governmental organisations that are fighting online extremism.

London-based think tank, the Institute for Strategic Dialogue, will lead this partnership between Facebook, the Institute for Strategic Dialogue, the Amadeu Antonio Foundation and the International Centre for the Study of Radicalisation and Political Violence. Facebook has faced complaints in the past that it has not done enough to take down racist and xenophobic hate speech.

Analysis: Hate Speech Online

Internet offers us the possibility to create, publish, distribute and consume media content fostering therefore a space of full participation, engagement and self-expression. With the development of social networks we all can participate in cyberspace in a variety of ways ranging from keeping in touch with your friends and developing new contacts to sharing content and exploring your self-expression. This online space gives us new opportunities: engaging with others for causes that we care for. But we may equally be victim and agent of abuse and human rights violations, among them, hate speech in various forms and cyberbullying.

“Hate speech, as defined by the Council of Europe, covers all forms of expression which spread, incite, promote or justify racial hatred, xenophobia, anti-Semitism or other forms of hatred based on intolerance, including: intolerance expressed by aggressive nationalism and ethnocentrism, discrimination and hostility against minorities, migrants and people of immigrant origin.”

The friction between free speech and hate speech has become newly intense because of social media.

The UP police booked a person for spreading inflammatory rumours about cow-smugglers killing a police officer following Dadri incident. Their comrades immediately alleged censorship, and various profiles with pictures of weapon-brandishing deities rallied under hashtags of support. Taslima Nasreen summed up their grievance, claiming that “free speech allows hate tweets”.

There are, of course reasonable restrictions to free speech when it looks likely to spiral into violence, what a 1989 Supreme Court judgment called a “spark in a powder keg” situation. The IPC has Section 153A, 153B, 295 and 505 and more, which curb speech that promotes enmity between groups on the basis of religion, race, place, birth or language, defiles places of worship, insults religious sentiments, creates public mischief and so on. But social media presents an almost daily dilemma, and makes it clear that it is time for more discriminating decisions on what kinds of extreme speech can be gagged. As the SC judgment knocking down the over-broad Section 66A of the IT Act noted, discussion and advocacy , however, hateful or prejudiced, are not incitement.

Source: Times Of India

 

PSLV-C31 rocket launched successfully

The Indian Space Research Organisation (ISRO) today launched PSLV-C31 rocket successfully. Launched from Sriharikota space centre, near Chennai, the rocket is carrying the fifth satellite of Indian Regional Navigation Satellite System (IRNSS), the IRNSS-1E.

This was the first rocket launch of the year. The fifth navigation satellite in the IRNSS space system, a constellation of seven satellites, would be at par with US-based GPS once the full complement of spacecraft is launched. The satellite’s lifespan is 12 years.

Analysis: About IRNSS

The Indian Regional Navigation Satellite System or IRNSS is an indigenously developed Navigation Satellite System that is used to provide accurate real-time positioning and timing services over India and region extending to 1500 km around India.

The fully deployed IRNSS system consists of 3 satellites in GEO orbit and 4 satellites in GSO orbit, approximately 36,000 km altitude above earth surface. The requirement of such a navigation system is driven because access to foreign government-controlled global navigation satellite systems is not guaranteed in hostile situations, as happened to the Indian military depending on American GPS during the Kargil War. The IRNSS would provide two services, with the Standard Positioning Service open for civilian use, and the Restricted Service (an encrypted one) for authorised users (including the military).
The United States NAVSTAR Global Positioning System (GPS) and the Russian GLONASS are global operational Global Navigation Satellite Systems(GNSSs). China is in the process of expanding its regional Beidou navigation system into the global Compass navigation system by 2020. The European Union’s Galileo positioning system is a GNSS in initial deployment phase, scheduled to be fully operational by 2020 at the earliest. France (DORIS), India, and Japan are in the process of developing regional navigation systems.

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