IASToppers-Current-Affairs-Analysis-11th-Jan-2016
Current Affairs Analysis

11th January 2016 Current Affairs Analysis

By IT's Current Affairs Analysis Team
January 11, 2016

Contents

Polity & Governance

  • Governor’s Rule imposed in J&K

Social Issues

  • Telangana becomes first State to make gender education compulsory

Economy

  • Tax on seed funding to be scrapped

Science & Technology

  • Hisar institute becomes India’s second centre to clone buffalo

Also in News

  • A guideline document on Humanitarian Assistance and Disaster Relief (HADR)


Polity & Governance


Governor’s Rule imposed in J&K


The President has cleared the recommendation of the Union home ministry for imposing governor’s rule on the basis of a recommendation from J-K governor N N Vohra.

  • The governor’s rule is imposed under Section 92(1) of the Constitution of Jammu and Kashmir.
  • It was for the sixth time that the state went under direct central rule.

Reason:

The Governor’s rule was imposed in the state after the assembly election results on 23 December threw up a hung assembly with no party or combination of parties able to stake claim for government formation.

Constitutional Provisions for Governor’s rule in J&K:

  • In the event of failure of constitutional machinery in Jammu and Kashmir, Governor’s Rule is imposed by invoking Section 92 of Jammu & Kashmir State constitution.
  • Governor’s rule proclamation is issued by Jammu & Kashmir State Governor after obtaining consent of the President of India.
  • Under section 92 of the Jammu and Kashmir constitution, the governor is empowered to recommend six months of Governor’s rule to the Indian president.
  • If it is not possible to revoke Governor’s rule before within six months of imposition, President’s Rule under Article 356 of the Constitution of India is imposed.
  • Jammu and Kashmir is the only state that has a constitution of its own which is applicable concomitantly with the Indian constitution.

[Ref: PIB, Wiki]

 

Social Issues

 

Telangana becomes first State to make gender education compulsory


Telangana has become the first State to introduce compulsory gender education at the graduate level; without repeating gender stereotypes in its bilingual textbook titled, ‘Towards a World of Equals.’

  • The book introduced on a pilot basis in engineering colleges affiliated to the Jawaharlal Nehru Technological University (JNTU-Hyderabad) discusses gender in its composite form without limiting itself to crime against women.

GENDER_2692121e

Features of the Book:

  • The book attempts to cover problems of sex selection and women’s work in politics and economics.
  • It also touches upon complex subjects like female-centric history and male-female relationships.
  • Structured in simple language and form to suit under-graduates, the book discusses different strands of women’s movements across the world, introducing students to political movements of Afro-American, Caribbean, African, Dalit and minority women.
  • What makes the textbook interesting is the gamut of reactions and classroom discussions which it attempts to generate. For instance, in its first chapter on Socialisation, the book hints at initiating a discussion in the classroom on “Are boys taught household work while growing up? Discuss your experiences at home.”

[Ref: Hindu]

 

Economy

 

Tax on seed funding to be scrapped


The government has decided to scrap a tax on seed funding provided to start-ups by Indian angel investors in the upcoming Union Budget, to help domestic financiers bankroll new entrepreneurial ventures under its Start Up India campaign.

Rationale behind scrapping:

  • This tax treats infusion of funds by domestic angel investors as income in the hands of the start-up. This also makes India the only country in the world to penalise local angel investors in such a manner. This tax roughly takes away 30% of the investment from the start-up’s cash flow.
  • Tax on seed funding is one of the key reasons that 90% of Indian start-ups are financed by foreign venture capital and angel funds.
  • Since this tax applies only to domestic investors, it acted as a disincentive to local funding for start-ups that the government wants to incentivise instead.

Present Scenario:

  • The tax treatment and difficulties of doing business in India as start-ups attain scale, make it attractive for such ventures to relocate out of India to countries like Singapore; 65% of successful start-ups that began in India have moved out of the country.
  • According to estimates by the team of officials working on the Start Up India programme, start-ups in the country received around 9 billion dollars of funding in 2015.

Background:

  • Finance Act 2013 introduced a tax on seed capital provided to start-ups by local angel investors.

What is Seed capital?

Seed capital is the initial capital used to start a business.

  • Seed capital often comes from the company founder’s personal assets or from friends and family.
  • Banks and venture capital investors view seed capital as an “at risk” investment by the promoters of a new venture.

[Ref: Hindu, Investopedia]

 

Science & Technology

 

Hisar institute becomes India’s second centre to clone buffalo


Scientists at Central Institute for Research on Buffaloes (CIRB) has claimed to have successfully produced a cloned buffalo offspring ‘Cirb Gaurav’

  • This achievement has been made under the project entitled “Cloning for conservation and multiplication of superior buffalo germplasm”.

In what ways it is distinct?

This cloned buffalo calf is distinct from the earlier clones produced in India.

  • As this is produced from cells of ventral side of tail of superior bull buffalo, this part is least exposed to sunlight and may have less mutation rate, and can be good choice for isolation of donor cells to produce healthy clones.

Achievement:

  • With this achievement, CIRB becomes world’s third and India’s second institute to produce cloned buffalo.
  • National Dairy Research Institute in Karnal was the first to produce a cloned calf in India.

The use of adult somatic cells of proven males or quality females for cloning can bring revolution by multiplying the superior buffalo germplasm in country.

[Ref: Hindu]

 

A guideline document on Humanitarian Assistance and Disaster Relief (HADR)

 

During the 5th Edition of Indian Ocean Naval Symposium (IONS), Indian Navy would be presenting a guideline document on Humanitarian Assistance and Disaster Relief (HADR).

  • The aim of the document is to provide guidelines for developing a speedy, responsive, coordinated and effective HADR for IONS members, as and when required.

About IONS:

  • IONS was launched in 2008 to captilise upon regional strengths of IOR littorals and was 21st Century‘s first significant international maritime-security initiative.
  • 35 littoral states in the Indian Ocean Region (IOR) have been grouped into four sub-regions (South Asian, West Asian, East African and South East Asian littorals including Australia).
  • IONS seeks to provide a regional forum through which the Chiefs-of-Navy (or equivalent maritime agency) of all the littoral states of the IOR periodically meet to constructively engage each other through the creation and promotion of regionally relevant mechanisms, events, and activities.
  • IONS Chairmanship is rotated sequentially through each of the four sub-regions. This is to ensure that challenges of each region receive due emphasis.
  • The IONS Chair was held by India from 2008 to 2010, UAE from 2010 to 2012 and South Africa from 2012 to 2014. The current Chair is Australia.
  • Bangladesh Navy is conducting the IONS-2016 from 10-14 Jan 2016 at Dhaka and would be taking over the Chair of IONS from Australia for the term 2016 -2018.
  • The theme of the Seminar this year is ‘Fostering Partnership in IOR: Charting course for Maritime Cooperative Engagement’.

[Ref: PIB]

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