Career Launcher | Latest news about SSC, Banks, MBA | Page 180
Page 180

JIGYASA: Daily Current Affairs Quiz of January 15, 2016

0
Daily Current Affairs Quiz
 

Dear Aspirants ,

Here is the JIGYASA: Daily Current Affairs Quiz of January 15, 2016 for you!

  1. Which of the following countries becomes India’s first organic state in January, 2016?
  • Assam
  • Sikkim
  • Manipur
  • Mizoram

Answer: 2

  1. Which of the following autonomous agencies has signed Memorandum of Understanding with National Remote Sensing Centre (NRSC) under Indian Space Research Organization (ISRO) and North East Centre for Technology Application and Research (NECTAR) in January, 2016, for use of spatial technology for monitoring and managing national highways?

 

  • National Highways Authority of India
  • Indian Roads Construction Corporation
  • Indian Academy of Highway Engineers
  • Indian Academy of Highway Engineers

Answer: 1

  1. The Coast Guards of India and Japan will be conducting their 15th joint exercise off the coast of Chennai on 15th January, 2016 for the bilateral training. It is called…
  • Sima-Sahyog
  • Sahyog-Kaijin
  • Sahyog-Sandhi
  • Military-Sahyog

Answer: 2

  1. Human Resource Development Minister Smriti Irani on 14th January, 2016 inaugurated the first phase of permanent campus of Indian Institute of Science Education and Research (IISER) at…

 

  • Hyderabad
  • Visakhapatnam
  • Ernakulam district
  • Thiruvananthapuram

Answer:4

  1. National Army Day is annually celebrated on…

 

  • 12th January
  • 13th January
  • 14th January
  • 15th January

Answer: 4

 

  1. World Health Organization (WHO) on 14th January, 2016 declared an end of the Ebola epidemic from one of the following counties. Identify it from the given options.
  • Liberia
  • Guinea
  • Nigeria
  • Sierra Leone

Answer: 1

 

 

  1. Which of the following banks has opened its first branch dedicated to serving startup companies in Bengaluru on 14th January, 2016?
  • Corporation Bank
  • State Bank of India
  • Union Bank of India
  • Punjab National Bank

Answer: 2

  1. Which of the following pairs of world Tennis Association has broke 22-year-old world record by winning their 29th women’s doubles match in a row en route to their entry into the women’s doubles final of the WTA Sydney International on 14th January, 2016?

 

  • Garcia and K. Mladenovic
  • Sania Mirza and Martina Hingis
  • Raluca Olaru and Yaroslava Shvedova
  • Puerto Rican Gigi Fernandez and Natasha Zvereva

Answer: 2

  1. Which of the following states of India has the maximum grid-connected capacity according to a statement issued by the Ministry of New and Renewable Energy in January, 2016?
  • Gujarat
  • Rajasthan
  • Tamil Nadu
  • Madhya Pradesh

Answer: 2

  1. The Defence Research and Development Organisation (DRDO) in the second week of January 2016 successfully test-fired Nag anti-tank missile at the Mahajan Field Firing Range in….
  • Odisha
  • Jaisalmer
  • Hyderabad
  • Visakhapatnam

Answer: 2

Happy learning!

TEAM CL

The Last Lap – Bank Interviews (Part – I)

3

All the written examinations are now over and the interview season has started. The last lap of the race is not going to be an easy one. With this fierce competition and decrease in the number of vacancies under IBPS PO this year, the interview process is not going to be as smooth as it has always been.

 

This article helps you understand what an interviewer is looking for. This might not give you the answers to the questions asked in various banking interviews but will surely help you to understand the interviewer’s ideology.

 

Primarily, a bank interview has two parts – Technical part and HR part. Some might feel that it is difficult to handle the technical part but in most cases the vice-versa is true. Technical is something, which you are not bound to know where HR part is something which is about yourself and you can’t afford to skip any questions.

 

Interviewers are looking for someone who possesses a few qualities or at least better in some qualities than other candidates (we all know, this is a relative world). For example – A candidate, who is well-dressed (preferably formal attire including a tie or a scarf) will have a much more pleasing personality than a casual one. Similarly, one should be very honest with himself and of course with the interviewers as well. Honesty always works even when you may end up giving almost all incorrect answers. Hold on, there is nothing like right or wrong when it comes to personality traits. An individual, who is big BOLLYWOOD buff might seem a complete waste of time to someone who loves reading or may be sports. So, the notion that needs to be kept aside is there is no right or wrong answer, when it comes to the HR part of the Interview.

 

Second, be very clear and blunt about the question of which you do not know anything. Do not beat around the bush. Remember, the interview panel consists of experienced personalities having decades of experience, so don’t beat around the bush. Also, when you clearly say – “I do not know the answer to this particular question”, it gives the interviewer a confidence that you do not like fooling around.

 

Third, always try to give a well-framed answer, which conveys your message very clearly. There is no harm if you take a pause of 5-10 seconds after the question has been asked. Those 5-10 seconds can make answer 2-3 times better and more approachable. It also gives an impression that the answers are spontaneous and not pre-framed and pre-decided.

 

Fourth, a firm eye contact and a straight body help you in developing confidence in yourself. A straight body with a good eye contact implies that you are not nervous or anxious about the interview and above all, you are well-prepared for that.

 

The above mentioned points are small things but would create a much better impact collectively. This was the part 1 of the interview articles. In the upcoming article, you will find the answer to a few questions which are mostly asked in banking interviews and are generally left unanswered.

If you have any specific question, then please feel free to post it in the comment section.

 

All the best future bankers!!

Daily PT Capsule Jan 14

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

Pradhan Mantri Fasal Bima Yojana

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved a New Crop Insurance Scheme on 13th Jan 2016 aimed at providing maximum insurance for farmers at minimum premium.

Pradhan Mantri Fasal Bima Yojana (Prime Minister Crop Insurance Scheme) in which the premium rates to be paid by the farmers have been brought down substantially so as to enable more farmers avail insurance cover against crop loss on account of natural calamities. The scheme will come into effect from the upcoming kharif season.

Under the new Crop Insurance Scheme the farmers premium would be 2% for kharif foodgrains and oilseeds crops and 1.5% for rabi foodgrains and oilseeds crops. For horticulture and cotton crops the premium has been fixed at upto 5% for both khairf and rabi seasons.

There is no upper limit on Government subsidy. Even if balance premium is 90%, it will be borne by the Government. Earlier, there was a provision of capping the premium rate which resulted in low claims being paid to farmers.

The New Scheme aims to enhance insurance coverage of crops up to 50% of the total crop areas from the existing level of about 23% over the next 2-3 years. It also provides for change in criteria to determine crop losses by providing local level assessment for calamities like hailstorm etc.

Under the new scheme simple technology through phone and remote censors would be used for quick estimation and early settlement of claims. Crop Insurance portal will be used extensively to ensure better coordination and transparency.

The Government’s liability on premium subsidy will be shared by the Central and State Governments on 50-50 basis.

The Government will substantially increase budget for crop insurance from Rs. 2883 crores in 2015-16 to Rs. 7750 crore in 2018-19

The New Crop Insurance Scheme will be implemented by private insurance companies along with the Agricultural Insurance Companies of India Ltd.

Analysis

Agriculture in India is highly susceptible to risks like droughts and floods. It is necessary to protect the farmers from natural calamities and ensure their credit eligibility for the next season.
India has experimented with many schemes for crop insurance like Comprehensive Crop Insurance Scheme, Farm Income Insurance Scheme, National Agricultural Insurance Scheme of 1999-2000.

But the continued cases of farmers suicide indicate a gap between the present schemes and need of farmers.

1) States with Low Insurance Cover (Source: Crop Insurance officials)

– Punjab, Haryana, Madhya Pradesh, Western Uttar Pradesh
– Farmers here don’t have any knowledge about insurance and remain without cover
– Small farmers have no incentive as they have to pay the premium
– In many cases farmers have written to banks saying they do not want insurance
– The banks have complied with such requests to meet targets although insurance is a compulsory feature of agricultural loan schemes

What the Experts Say:
– The government needs to legislate on the subject, making insurance cover compulsory The government should pay the premium for small farmers
– Holding agricultural as well as bank officials accountable for process pertaining to crop insurance should also be a part of the legislation
2) States with High Levels of Insurance Fraud (Source: Crop Insurance officials)
– Maharashtra (Aurangabad and Jalgaon), Gujarat (Saurashtra), Andhra Pradesh (Rayalaseema), Karnataka (Dharwad and Haveri), Tamil Nadu (Nagapattinam and Sivaganga) and Telangana (Mahbubnagar)
– Coverage in these regions is high and so is fraudulence
– In some districts hundreds of farmers are literally living off fraudulent claims

That farmers have to pay the premium has met with a backlash in multiple states with several farmer associations even writing to insurance companies to not debit the insurance premium. Given that the banks are under pressure to meet targets for the Kisan Credit Card (KCC), they decide to waive off the premium component.

These schemes have also broadly cleaved India into two parts with one set of states, which are under-penetrated , reporting lack of awareness among farmers about insurance even as multiple frauds are being reported from the second set of states that have better coverage.

Source: ET

Boosting Water Transport in India

The Union government is working on a strategy to increase the movement of goods and passengers through waterways by nearly five-fold from a mere 3.5 per cent now to 15 per cent by 2019, Union Shipping and Transport Minister Nitin Gadkari has said. He was addressing a conference at ASSOCHAM.

The Minister said the Shipping Ministry had prepared a vision document on coastal shipping, tourism and regional development to increase the share of inland water transport and coastal shipping, development of regional centres to generate cargo for coastal traffic and promotion of cruise tourism.

To encourage transportation of goods by coastal shipping, service tax has been brought on par with road and rail transport. The government has also relaxed cabotage (right to operate transport services within a particular territory) for specialised vessels like Ro-Ro, Hybrid Ro-Ro, car carriers and truck carriers for a period of five years.

On port development, Mr.Gadkari said the government had taken a decision to start three major ports at a cost of Rs.18,000 crore to Rs.20,000 crore. These include a port at Wadhwan near Dahanu in Maharashtra, Colachel Port near Kanyakumari and the Sagar Island Port in West Bengal.

The Wadhwan Port will be built as a joint venture between JNPT and the Maharashtra Maritime Board, and was intended to decongest the overburdened JNPT Port at Nhava Sheva.

Analysis
For decades India has failed to develop 14,500 kilometers (9,000 miles) of its inland waterways as a viable alternative to move cargo and ease congestion on land.

There is acceptance that transportation by waterways, both coastal and inland, is fuel efficient, environmentally friendly and more economical than rail or road, the share of goods transported via India’s inland waterways is only 0.4%, compared with 42% in the Netherlands, 8.7% in China and more than 8% in the US.

The transportation cost for inland waterways is Rs.1.06 per tonne per kilometer, while it is Rs.2.58 for highways, according to the Indian ministry of shipping.

The development of waterways would reduce the logistics cost, enabling India to effectively compete in the international market.

The Inland Waterways Authority of India (IWAI) came into existence on 27 October 1986 for development and regulation of inland waterways for shipping and navigation. The Authority primarily undertakes projects for development and maintenance of IWT infrastructure on national waterways.

The government presented legislation in May that would grant the government rights to regulate and develop 101 channels across 24 states for shipping and navigation, in addition to the existing 4,382 kilometers of five main waterways.

Of the five national waterways India declared since 1986, three are operational. Development has lagged behind other modes of transport in the absence of integrated policy, insufficient financial outlays, lack of expertise and coordination with states. While proposals to link major Indian rivers and facilitate commerce and manage water date back to British colonial days, the plan has remained just that.

Source: Livemint

Namame Gange Project

The Central government will be setting up a Special Purpose Vehicle (SPV) for its ambitious programme Namami Gange or Clean Ganga initiative.

According to official sources in the Ministry of Water Resources, after deliberations with various stakeholders, it was found that an SPV on the lines of the Delhi Metro Rail Corporation (DMRC) would be best suited for the project.

he Chief Secretaries of all States through which the Ganga passes will be made members of the board of this SPV, as would select municipal commissioners of big cities on the Ganga route.

As of now, the Clean Ganga project involves the Ministries of Water Resources, Urban Development, Environment and Forests, Roads and Highways and Rural Development and Sanitation. A major conference called Jal Manthan will be called in February to discuss all these issues, and to carve out a special plan for the Ganga, within a larger water policy for other rivers.

Analysis: Cleaning the Ganga

It isn’t walking on water, but still a very difficult job – one that India has been trying unsuccessfully to accomplish for the last three decades. .

Much of the effort to clean the Ganga over the last 30 years has been centred around creating sewage treatment capacities in major urban centres along the river. Besides the fact that a lot of this capacity has remained underutilised or non-functional, the discharge of urban sewage is only one of several interventions required to rid the holy river of pollution.

The government’s Namami Gange programme seeks to tackle the problem at several levels at the same time. “Rejuvenation” of the Ganga includes reviving ‘Aviral Dhara’, or continuous flow in stretches that have gone dry due to natural or man-made reasons, regenerating the river ecology, making the river an important inland waterway, reviving it as a habitat for dolphins and gharials, and spreading awareness about the need to keep the Ganga clean.

1) Treating Urban Sewage – Creating sewage treatment plants (STPs) was at the core of the Ganga Action Plan that began in 1985. About 1,000 million litres of sewage treatment capacity per day was set up, but lackadaisical state governments and lack of maintenance by municipal authorities have kept a large part of this capacity on paper alone.
The government has now decided to rope in corporates to do this work in all the 118 urban centres along the river. Companies will have to create additional capacities, use existing capacities at optimum levels, and operate and maintain the facilities for a minimum 15 years to produce treated water at prescribed standards.

2) Rural Sewage – About 1,650 gram panchayats lie directly on the banks of the Ganga. The sewage they generate is almost entirely untreated. About half the population in these villages defecates in the open. The government plans to use biological means to deal with this waste. It wants to experiment with a model said to have been used in a Punjab village by a local spiritual leader, Baba Balbir Singh Seechewal, who is credited with the successful cleaning of the Kali Bein river with public participation.Seechewal is supposed to have inculcated the practice of segregation of solid and liquid waste, treatment of waste water through oxidation ponds, use of treated water for irrigation, and composting of solid waste. He is said to have infused a sense of community participation and ownership of the river.

3) Industrial Effluents – There are 764 grossly polluting industries on the banks of the Ganga, mostly in Uttar Pradesh. These include tanneries, paper and pulp industries, sugar mills, dyeing factories, distilleries, and cement plants. Effluents from all these flow untreated into the river. Tanneries near Kanpur alone generate about 25 million litres of effluents daily.

These industries have been repeatedly told to set up common effluent treatment plants (CETPs), install new technologies, and ensure zero liquid discharge into the river. But enforcement has been lax.

4) Surface Cleaning – Solid waste, clothes, polythene, and all kinds of religious offerings are dumped into the river, and float on its surface. It is the easiest to clean them – and can result in a quick visual makeover for the river.

Machines called trash skimmers have been ordered from abroad to clean the river surface near all major towns. One of these skimmers is already operating in Varanasi.

5) Burning the Dead – Cremation along rivers and immersion of remains is a unique reason for pollution in Indian rivers, and especially the Ganga. Burning of wood leads to air pollution as well. One of the efforts in the Ganga Action Plan of 1985 was to build gas or electric crematoriums, especially in religious centres like Varanasi and Allahabad. Not much was achieved, however.

Several other initiatives would be required include the launch of a public awareness exercise, regeneration of aquatic biology, plantations, and riverfront development.

JIGYASA: Daily Current Affairs Quiz of January 14, 2016

0
Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of January 14, 2016 for you!

  1. Vice President Hamid Ansari on 12th January, 2016 released a book on Jawaharlal Nehru entitled ‘Jawaharlal Nehru and the Indian Polity In Perspective’. It has been brought out by the
  • Isaac Asimov book
  • Asiatic society of Bengal
  • M. Verghese Foundation
  • The Royal Historical Society

Answer: 3

  1. With which of the following countries Union Cabinet of India has provided ex post facto approval for MoU on cooperation in the field of health in January, 2016?
  • China
  • Maldives
  • Mauritius
  • Australia

Answer: 2

  1. Name the world’s third and India’s second institute to produce cloned buffalo in January, 2016.
  • Himalayan Institute Buffalo
  • International Institute of Buffalo
  • National Dairy Research Institute
  • Central Institute for Research on Buffaloes

Answer: 4

  1. Chief Election Commissioner, CEC at Central Park, Connaught Place in New Delhi on 14th January, 2016 inaugurated the four day Matdata Mahotsav. Who is the incumbent Chief Election Commissioner of India?
  • Nasim Zaidi
  • S. Brahma
  • S. Sampath
  • Y. Quraishi

Answer: 1

  1. According to the latest UN estimates released in January, 2016, 244 million people live in countries outside which they were born. Which of the following nations has the largest diaspora in 2015?
  • India
  • China
  • Japan
  • Pakistan

Answer: 1

  1. Which of the following countries has just gained entry into International Energy Agency – Ocean Energy Systems (IEA-OES) in January, 2016?
  • India
  • China
  • France
  • Sri Lanka

Answer: 1

  1. With which of the following countries India has signed a loan agreement in January,2016 to clean river Mula Mutha in Pune?
  • Japan
  • China
  • France
  • Sri Lanka

Answer: 1

  1. Name the oldest stock exchange of Asia.
  • Bombay Stock Exchange
  • Colombo Stock Exchange
  • United Stock Exchange of India
  • National Stock Exchange of India

Answer: 1

  1. Who among the following has been appointed as the CEO of the Indian operations by French IT services firm Capgemini in January, 2016?
  • U S Mahender
  • C K Kumaravel
  • Srinivas Kandula
  • Karunakara M Reddy

Answer: 3

  1. Who among the following has won Pritzker Architecture Prize Laureate, 2016?
  • Niemeyer
  • Luis Barragán
  • Avejando Aravena
  • Paulo Mendes da Rocha

Answer: 3

Happy learning!

TEAM CL

Daily PT Capsule Jan 13

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

Oil Price Slips

In a continuing trend crude oil slipped to $30 per barrel to a near 12 year low. Prices are down around 16 per cent since the start of the year.

Between 2010 and 2014, oil demand was soaring around the world, as countries recovered from the financial crisis, but global production was struggling to keep up. Many older oil fields were stagnating. Conflicts in places like Libya and Iraq were restricting supply. Countries had to draw down their stockpiles, and prices soared to around $100 per barrel.

Those high prices, however, spurred more and more drillers in the United States to use innovative hydraulic fracturing and horizontal drilling techniques to unlock vast quantities of oil from shale formations in places like North Dakota and Texas. It’s hard to overstate the impact of the fracking boom: US crude oil production has nearly doubled since 2010.

This led to a greater supply than demand which led to fall in prices. The trend is expected to continue owing to a supply glut as OPEC continues to not cut production in order to maintain market share, easing of sanctions on Iran, and slowing of demand from China. A major reason is also the escalating tensions between Sunni dominated Saudi Arabia and Shia majority Iran.

Analysis: Impact on India

1) Current Account Balance – India is one of the largest importers of oil in the world. It imports nearly 80% of its total oil needs. This accounts for one third of its total imports. For this reason, the price of oil affects India a lot. A fall in price would drive down the value of its imports. This helps narrow India’s current account deficit – the amount India owes to the world in foreign currency.

2) Inflation – Oil price affects the entire economy, especially because of its use in transportation of goods and services. A rise in oil price leads to an increase in prices of all goods and services. It also affects us all directly as petrol and diesel prices rise. As a result, inflation rises. A high inflation is bad for an economy. It also affects companies – directly because of a rise in input costs and indirectly through a fall in consumer demand. This is why the fall in global crude prices comes as a boon to India.

3) Government Subsidy Burden – The government fixes the price of fuel at a subsidised rate. It then compensates companies for any loss from selling fuel products at lower rates. These losses are called under-recoveries. This adds to the government’s total expenditure and leads to a rise in fiscal deficit – the amount it borrows from the markets. A fall in oil prices reduces companies’ losses, oil subsidies and thus helps narrow fiscal deficit.  The price of diesel and petrol have now been deregulated, following international prices.

4) Rupee Exchange Rate – The value of a free currency like Rupee depends on its demand in the currency market. This is why it depends to a great extent on the current account deficit. A high deficit means the country has to sell rupees and buy dollars to pay its bills. This reduces the value of the rupee. A fall in oil prices is, thus, good for the rupee. However, the downside is that the dollar strengthens every time the value of oil falls. This negates any benefits from a fall in current account deficit.

5) Petroleum Producers – The fall in global oil prices may be beneficial to India, but it also has its downsides. Directly, it affects the exporters of petroleum producers in the country. India is the sixth largest exporter of petroleum products in the world, according to media reports. This helps it earn $60 billion annually. Any fall in oil prices negatively impacts exports. At a time when India is running a trade deficit – high imports and low exports, any fall in exports is bad news. Moreover, a lot of India’s trade partners and buyers of its exports are net oil exporters. A fall in oil price may impact their economy, and hamper demand for Indian products. This would indirectly affect India and its companies.

 

Start Up India

India surpassed China and Israel recently to own the third largest startup ecosystem, after UK and the US. In 2015 alone, the total funding received by 850 Indian startups via 1,005 deals was a whopping $9 billion.  Yet, according to World Bank’s Doing Business Report 2016, India has the 42nd position in terms of ease of accessing credit, which proves the difficulties in getting loans in India, especially for startups.

Prime Minister Narendra Modi is set to announce the much-awaited ‘Startup India, Stand up India’ campaign on Saturday, January 16. The department of industrial policy and promotion – which is organising the day-long show where Prime Minister Narendra Modi is expected to announce a new deal for start-ups.

Analysis: State of startup ecosystem in India

Encouraging startups is essential in a country where 80 per cent of the population is under the age of 40, and unemployment is rising along with population. Taking a leaf out of other countries’ policies, India could become friendlier towards its entrepreneurs and investors; think of Singapore which incentivised its investors, or Israel which invested 4.3 per cent of its GDP in R&D.  The UK too offers discount and tax subsidy for investing.

The states in India have taken many initiatives to promote start-ups.

Kerala government’s startup policy—Kerala IT Mission—was announced in 2014, aiming to attract Rs 5,000 crore in investments for the State’s startup ecosystem. Having established India’s first telecom incubator Startup Village in 2012, the State also promised 10 accelerators as well as one million sq.ft. of incubation space. According to the policy, one per cent of the annual State Budget will be deducted for ‘youth entrepreneurship activities’ till 2019.  Besides encouraging banks and financial institutions to extend lending to the startups on convenient terms, the government may participate in SEBI-approved early-stage venture capital funds, up to 25 per cent as limited partner. Additionally, the State will match the funding raised by its incubator from Central government on a 1:1 basis as matching grants.

Telangana also came forward, providing ‘Telangana Academy for Skill & Knowledge’ (TASK) for entrepreneurial training. The youngest State in the country, Telangana made headlines when it launched the largest incubation centre in India, named ‘T-Hub’, a year ago, to be followed by its second phase in 2015.

Andhra Pradesh provided a 17,000-sq.ft. lab—Technological Research and Innovation Park—as well as an ‘Initial Innovation Fund’ of Rs100 crore for entrepreneurs. It shall participate in the capital of SEBI-approved VC funds, up to 15 per cent as limited partner. A ‘Single Window Clearance Unit’ will be created for granting approvals, and another for tax and registrations.

Rajasthan launched its elaborate startup policy in October 2015. After the launch of ‘Start-up Oasis’, the Incubation Centre of RIICO at Jaipur in 2013, Rajasthan seemed to have taken the nurturing of startup ecosystem very seriously. The State policy has promised a sustenance allowance of Rs 10,000 per month for a year to idea-stage startups, post approval by the nodal institution. It also facilitated free mentoring and access to facilities at the incubator, and, for selected startups, free access to State universities. Pilot-stage startups have been offered marketing assistance of up to Rs 10 lakh.

Source: Yourstory

 

Inflation and IIP data

The industrial output for November came at -3.2% as against 9.8% in October and an upward movement in the retail inflation at 5.61% in December compared with 5.41% a month before.  The IIP fall was sharpest since October 2011.

The IIP figures on Tuesday showed there was weakness across all segments with the biggest dip coming in manufacturing and electricity. Manufacturing in November shrank 4.4% from a growth of 4.7% in the previous month, which indicated more than nine percentage points drop even as electricity barely grew at 0.7% compared with the 10% growth in the same month last year. Mining was also weak at 2.3% in November against 4% a year back. Capital goods contracted 24.4% in November compared with 7% expansion last year. Consumer goods production climbed marginal by 1.3% during the same period.

On the other hand, Consumer Price Index (CPI) in December further hardened with food prices remaining high due to the near-drought situation in the country, which has resulted in scarcity of food and food products.

Analysis: Closer Look at the Data

Finance Ministry attributed the decline in November industrial production to a four-year low to statistical reasons, particularly due to lesser number of working days due to Diwali and the impact of Chennai floods.

So, broadly what I feel is that data are consistent with what we said in the Mid-Year Analysis that economy is probably recovering but sending mixed signals, some good, some scope for improvement,” Chief Economic Advisor Arvind Subramaniam said.

Subramanian added that oil prices have gone down even further, thus there is cushioning of inflationary pressures.

On the other hand, the December tax-revenue numbers were also quite robust. Revenue growth is about 10.6 percent. Inflation number was affected by pulses. Pulses prices increased by some 45 percent, that obviously had an impact,” he added.

Source: DNA

Call letter for IBPS Specialist Officer

2
The call letter for CWE Specialist Officer V is now available on the web. The download link is –

 

Karnataka Bank Recruitment – Officer Scale I

0
Karnataka Bank Ltd., a leading technologically advanced Private sector Bank with a pan-India footprint, invites applications for Officers in Scale I to be positioned at its Branches/Offices located across India.
The important points are –
1. Last Date of Application – 18th Jan 2016
2. Online Application Link –  http://ibps.sifyitest.com/kbrosjan16/
3. Qualification – Post Graduates in any discipline (excluding PG diplomas) or Graduates in Agricultural Science or Law.
4. Candidates awaiting result are not eligible to apply.
5. Age Limit – 21 years to 28 years as on 1st Jan 2016.
6. Examination Date – Tentatively in February
7. Exam centers - Bengaluru, Belagavi, Dharwad, Hubballi, Mangaluru, Mysuru, Shivamogga and Udupi

 

JIGYASA: Daily Current Affairs Quiz of January 13, 2016

0
Daily Current Affairs Quiz
 

Dear Aspirants,

Here is the JIGYASA: Daily Current Affairs Quiz of January 13, 2016 for you!

  1. Prime Minister Narendra Modi has stressed the need for establishing the one of the following temple as a premier religious tourist destination in January, 2016. Identify it from the given options.
  • Somnath Temple
  • Kamakhya Temple
  • Omkareshwar Temple
  • Shani Dham Temple

Answer: 1

  1. Which of the following states becomes the 1st state in country to achieve 100% primary education as declared by the vice-President Hamid Ansari in January, 2016?
  • Kerala
  • Mizoram
  • TamilNadu
  • Andha Pradesh

Answer:1

  1. Which of the following state’s government has decided to impose 13.5 per cent tax on luxury items in January, 2016 to mop up additional revenue for carrying development work?
  • Bihar
  • Odisha
  • Gujarat
  • Jharkhand

Answer:1

  1. High Court has issued order staying the Bulbuli fight in January, 2016, a centuries old tradition of fight between BULBULs is organised in the Hayagriba Madhab Temple of Hajo. It belongs to which of the following states?
  • Assam
  • Odisha
  • Tripura
  • West Bengal

 

Answer: 1

  1. Union Transport Minister Nitin Gadkari laid foundation stones of 342 km-long seven National Highway projects worth Rs 3,000 crore in Janaury, 2016 in….
  • Jharkhand
  • Maharashtra

 

  • Chhattisgarh
  • Uttar Pradesh

Answer: 3

  1. Which of the following state government has decided in January, 2016 to bring Plus II education under the Mass Education department from existing Higher Education department from next academic year?
  • Bihar
  • Kerala
  • Assam
  • Odisha

Answer: 3

  1. Name the San Francisco-based global non-profit organisation which has launched India operations in January, 2016, for empowering women in technology and entrepreneurship, and made Hyderabad its hub.
  • Girls in Tech
  • Linux Foundation
  • Maybach Foundation
  • The Emperor’s Bridge Campaign

Answer: 1

  1. For the first time, two Indian cities have made it to the Unesco’s Creative City Network in January, 2016. Identify the cities.
  • Puri and Jaipur
  • Varanasi and Jaipur
  • Amritsar and Jammu
  • Ajmer and Varanasi

Answer: 2

  1. The government has set up a committee in January, 2016 to sort out all issues related to implementation of Mumbai-Ahmedabad high-speed rail project with a similar panel constituted by Japan. It will be headed by…
  • Mital
  • Navin Tandon
  • Suresh Prabhu
  • Arvind Panagariya

 

Answer: 4

 

  1. Who among the following has taken over as the Chairman of Competition Commission of India (CCI) in January, 2016?
  2. Ashok Chawla
  3. Sudhir Mital
  4. Augustine Peter
  5. Devender Kumar Sikri

Answer: 4

Happy learning!

TEAM CL

 

Daily PT Capsule Jan 12

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

Prohibition in Sabarimala Shrine

Sabarimala Shrine in Kerala has been following a custom for the past half century of not allowing women to enter in the temple. Taking a swipe at religious customs and temple entry restrictions violating women’s constitutional rights, the Supreme Court on Monday said no temple or governing body could bar a woman from entering the Sabarimala shrine in Kerala where lakhs of devotees throng every year.

When the board countered that the prohibition was based on custom followed for the past half-a-century, Justice Misra asked what proof it had to show that women did not enter the sanctum sanctorum over 1,500 years ago.

Analysis

Article 15 of the Indian constitution prohibits discrimination on the basis of religion, race, caste, sex, place of birth or any of them. No citizen shall, on grounds only of religion, race, caste, sex, place of birth or any of them, be subject to any disability, liability, restriction or condition with regard to access to shops, public restaurants, hotels and palaces of public entertainment.

Article 25(1) guarantees to all persons the right to freely profess, practise, and propagate their religion. Mirroring this, Article 26(b) grants to religious denominations the right to manage their own affairs in the matter of religion. Overriding both these provisions, Article 25(2) allows state intervention in religious practice, if it is for the purpose of “social welfare or reform or the throwing open of Hindu religious institutions of a public character to all classes and sections of Hindus”.

During the debates in the Constituent Assembly, B.R. Ambedkar — supported, among others, by Rajkumari Amrit Kaur, who expressed specific concerns about the plight of women under religious law — endorsed giving wide, interventionist powers to the state on the ground of the deep and pervasive role that religion played in the lives of Indians. “The religious conceptions in this country are so vast that they cover every aspect of life, from birth to death,” he observed, “I do not think it is possible to accept a position of that sort. There is nothing extraordinary in saying that we ought to strive hereafter to limit the definition of religion in such a manner that we shall not extend beyond beliefs and such rituals as may be connected with ceremonials which are essentially religious.” Over the years, the Supreme Court has itself restricted the scope of the religious protection clause to “essential practices of a religion”. While holding that the state cannot use the reform clause to “reform a religion out of existence”, it has nonetheless held that aspects beyond essential practices have no protection from state intervention.

The  Sabarimala governing board’s argument is that the prohibition of women is justified by “custom”. They rely upon the Kerala Hindu Places of Public Worship (Authorisation of Entry) Rules, 1965, which permit prohibiting women from accessing places of worship where “custom” or “usage” requires it. During the January 11 hearing, Justice Misra doubted the existence of any such custom. Conversely, however, the women worshippers can argue that prohibiting them from access violates their right to worship under Article 25(1). That does not, however, entirely resolve the issue. The right to freedom of religion under Article 25(1) is enforceable against the state, and not against other individuals, or corporate bodies. The question that the court must answer therefore is whether the Travancore Devaswom Board, which controls access to the shrine, can be equated to the “state”.

That does not yet mean that the case is lost. The Supreme Court has held that if one private party obstructs another private party from exercising her constitutional right, then it is the duty of the state to effectuate her right by restraining the former from continuing with its obstruction. Therefore, the women worshippers may ask the court to direct the state to take all necessary steps to guarantee that they are allowed to access and worship at the Sabarimala shrine. India might be the only republic where the judiciary can pronounce on matters not only relating to law, but also those concerning theology. Thus, courts have ruled on topics like the Jain practice of Santhara (voluntary fasting to death); and on who can and cannot become an archaka (priest). They have even pronounced on rather vexed questions like what should be the shape of the markings on the temple elephant’s head.

Finally, there is another route the court might take. The Kerala Hindu Places of Worship Rules speak about “customs” and “usages”. The Supreme Court has held that while personal law is exempt from the application of the Constitution, mere ‘custom’ is not. It might therefore simply strike down the offending rule on the ground that it discriminates on grounds of gender, and therefore violates the Constitution.

Temple Entry movement in India have been centuries old. The practice of not allowing women to enter cannot be justified based on traditions alone. It violates the right of women as equals in our society and pushes the cause of gender equality.

Source: The Hindu

 

Marital Rape

The Delhi High Court on Monday sought the government’s response on a PIL petition challenging a provision in the penal law, which does not consider sexual intercourse of a man with his minor wife as rape.

Section 375 of the IPC, states that sexual intercourse by a man with his own wife, who is not under 15 years of age, is not rape.

Analysis

Not only there is an inherent contradiction in the law by setting the age of minors as 15 years, there is also an issue with the concept of marital rape in itself.

Recently when the Bill to criminalize marital rape was introduced in India, it was turned down by the Parliament. According to some of the Parliamentarians, marriage is a sacred institution and touching it will leads to breakdown of marriages. They are of the view that India should be proud of its culture because `the nation has low divorce rates’.

Criminalizing marital rape has been a long standing demand made by the women’s movement in India. Recommendations of penalizing rape within marriages were also made by the Justice Verma Committee Report formulated after Nirbhaya’s gang rape case. This Report reiterates that marital rape stems from the outdated notion of marriage that regards wives as property of husbands. It rules out the common law of coverture, according to which a wife has been deemed to be consented at the time of marriage to have intercourse with her husband at his whims and this consent could not be revoked anytime after the marriage. The Committee suggested that existence of relationship is not a valid defense against the sexual violation.

A report by the Law commission also opined that criminalizing marital rape would amount to “excessive interference with the marital relationship.” Two sets of arguments are being proposed to deny wives their right to protection against sexual assaults within the marital tie. One set holds that due to the conditions of `poverty, illiteracy, religious beliefs and social customs’ the `Indian situations are not suitable’ to adopt marital rape laws as applicable elsewhere. Second line of thought, which is in direct contradiction with the first, opines that women in India are misusing and abusing the dowry and the domestic violence laws, thus trivializing the judicial process.

 

Curious case of Jallikattu

Jallikattu is a bull-baiting or bull taming sport played in Tamil Nadu as a part of Pongal celebrations on Mattu Pongal day. Bulls are bred specifically for the sporting event and a specific breed of cattle bred for this purpose is known as “Jellicut”. Jallikattu was a popular sport during the Tamil classical period. A seal from the Indus Valley Civilization depicting the sport is preserved in the National Museum, New Delhi.

Major injuries and deaths may occur from the sport. From 2010 to 2014, there were approximately 1,100 injuries and 17 deaths as a result of Jallikattu events. Over 200 people have died from the sport over the past two decades.

The Ministry of Environment and Forests issued a notification in 2011 that banned the use of bulls as performing animals, thereby banning the sport. But the sport was continued to be held under Tamil Nadu Regulation of Jallikattu Act No 27 of 2009. On 7 May 2014, the Supreme Court of India struck down the state law and banned the sport. On 8 January, 2016, the Government of India passed an order exempting Jallikattu from all performances where bulls can not be used, effectively reversing the ban.

Analysis

The latest notification circumvents a Supreme Court judgment. The notification had been issued despite contrary legal advice from Attorney-General Mukul Rohatgi following a letter from the Tamil Nadu government to Prime Minister Narendra Modi to make amendments in the law.

The petitions made again recently contended that the Centre cannot legalise a sport inherently causing pain and distress to dumb animals by merely saying that bulls used for jallikattu (bull-taming sport) should not be subjected to cruelty.

They said the January 8 notification circumvents the May 7, 2014 Supreme Court judgment by introducing several regulations meant to protect bulls, all the while glossing over the fact that the very act of jallikattu is “inherently cruel” and blatantly violates several provisions of the Prevention of Cruelty to Animals (PCA) Act, 1960 as interpreted by the apex court two years ago.

They questioned the notification’s justification to allow the return of jallikattu for cultural and traditional reasons, especially when the Supreme Court judgment had extensively discussed and concluded that the “sport” was a gross insult to the Tamil culture and tradition to “embrace bulls and not over-powering the bull, to show human bravery.” The petitions said it was time Parliament elevated the rights of animals to that of constitutional rights, as done by many of the countries around the world, so as to protect their dignity and honour.

 

Bharat Stage VI Norms

In a bid to curb vehicular pollution, the government has decided to implement stricter emission norms of Bharat Stage (BS) VI from April 1, 2020 by skipping BS-V altogether.

About Bharat Stage Norms: Bharat stage emission standards are emission standards instituted by the Government of India to regulate the output of air pollutants from internal combustion engine equipment, including motor vehicles. The standards and the timeline for implementation are set by the Central Pollution Control Board under the Ministry of Environment & Forests and climate change.

The standards, based on European regulations were first introduced in 2000. Progressively stringent norms have been rolled out since then. All new vehicles manufactured after the implementation of the norms have to be compliant with the regulations. Since October 2010, Bharat stage III norms have been enforced across the country. In 13 major cities, Bharat stage IV emission norms have been in place since April 2010.

BS-IV fuels contain 50 parts per million (ppm) sulphur, while BS-V and BS-VI grade fuel will have 10 ppm sulphur. Oil PSUs will invest about Rs. 28,750 crore for switching over to BS-VI auto fuels.

The phasing out of 2 stroke engine for two wheelers, the stoppage of production of Maruti 800 & introduction of electronic controls have been due to the regulations related to vehicular emissions.

Analysis

Rolling out the BS VI standard nationally, skipping BS V, has significant cost implications for fuel producers and the automobile industry, but its positive impact on public health would more than compensate for the investment.

Past national policy of implementation of the BS IV fuel standard failed primarily because this was not done all over the country and the technical standard also permitted a higher level of sulphur in the fuel. Higher sulphur results in high volumes of fine respirable particulates measuring 2.5 micrometres (PM2.5) being generated in emissions. Since even this obsolete standard was not followed uniformly, many vehicles, especially commercial passenger and freight carriers, have been using lower standard fuel supplied outside big cities. This has rendered their catalytic converters incapable of absorbing pollutants.

Poor civic governance has left roads unpaved and public spaces filled with debris and construction dust, constantly re-circulating particulate matter in the air. Moreover, the monitoring of diesel passenger and commercial vehicles – the biggest contributors to total emissions – for compliance with emissions regulations remains poor. Such a record does not inspire confidence that retrofitting of old vehicles to use higher quality fuels such as BS VI can be achieved smoothly. Equally, the distortions in urban development policy that facilitate the use of personal motorised vehicles rather than expanding good public transport, walking and cycling, are glaring. Many of these issues were underscored by the Saumitra Chaudhuri Committee on Auto Fuel Vision and Policy 2025 in its report submitted in 2014. The panel also recommended appropriate levies to fund the transition to cleaner, low sulphur fuels. A study by the Indian Institute of Technology, Delhi on fuel policy and air quality in the same year concluded that the best results would be achieved by raising the fuel standard and introducing policy initiatives that would influence passenger behaviour and cut personal travel kilometres by 25 per cent.

Timelines for Bharat Stage Norms
Timelines for Bharat Stage Norms

Conference of Parties 21 Joint Communique

0

In the previous post you were informed about the COP21 and various initiatives being taken up by different countries across the world in following the path of sustainable development. Having known that, it is essential to know about the joint communique that came out towards the end of this conference.

This joint communique called the Paris Agreement, is the document that will guide the member countries in planning the development of their respective nations in the most eco-friendly way. This will not only impose obligations on them but will also keep a check on them.

Let me explain it point by point:

  1. Temperature goal : The first thing that needs to be highlighted is the commitment made by member countries to limit their temperature rise to 2 degree Celsius and enhance their efforts in trying to peg it at a more ambitious 1.5 degree Celsius.
  2. Long term goal: The agreement features a long term goal of asking the developing countries to reach their peak emissions as soon as possible and start working on reducing them, thereafter. The vision is of having net zero emission by 2050.
  3. INDC (Intended Nationally Determined Contributions): It also commits all countries to submit revised INDCs every five years with a clear expectation that they will show a progression beyond the previous one. So, for all those countries who have submitted their targets for up to 2025, they will have to come back with new ones in 2020.
  4. Finance: The agreement places a legal obligation on developed countries to continue to provide climate finance to developing countries.
  5. This also includes a voluntary measure where in the developed countries have been asked to make a collective fund of 100 billion dollars per year with public private partnership (PPP) for the aid of developing nations by 2020 through 2025. A new higher goal would be reached for the period beyond 2025.
  6. Mitigation: On mitigation, the agreement binds parties to prepare and regularly update climate commitments. Each subsequent pledge must be more ambitious and the developing countries must be encouraged to move towards stricter goals.
  7. The agreement requires each and every country to report regularly and in a very transparent manner about its emission along with a progress made in implementing and achieving report.
  8. Loss and Damage: The agreement contains a free standing provision extending the Warsaw International Mechanism for loss and damage. However, the developed countries led by the U.S have been able to make sure that the loss and damage provision does not involve or provide a basis for any liability or compensation. [The Warsaw International Mechanism for Loss and Damage is the main vehicle under UNFCCC to address loss and damage associated with climate change impacts in developing countries (mainly small island nations) that are particularly vulnerable to the adverse effects of climate change, in a comprehensive, integrated and coherent manner]

So, the agreement reached is accommodative of the hopes of almost all the nations, be it developed or developing. It has given sufficient space to the principle of common but differentiated responsibility with separate targets for developed and developing nations in temperature reduction, legally binding, financial help by developed nations and stricter INDCs. It has also extended the Warsaw treaty, a sign of victory for the small island nations. Finance and mitigation have both been taken care of in a genuine manner and discreetly points out both long and short term goals. What remains to be seen is how nations abide by it on a personal level and if they really can bind themselves to the targets specified.

 

Connect with our expert