Prelims 2020

14th September 2020 Daily Current Flash Cards

Border Area Development Programme; Eklavya Model Residential Schools (EMRSs); Extra budget borrowings (EBRs); Sisseri River Bridge; Public Financial Management System; $5-trillion economy;
By IASToppers
September 14, 2020

 

 

 

What is Energy Intensity (EI)? How is it related to Gross domestic product (GDP)?

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Answer:

  • By definition, Energy Intensity (EI) is a measure of the energy efficiency of a nation’s economy.
  • It is calculated as units of energy per unit of GDP.

Enrich Your Learning:

What are the ways to reduce energy intensity?

  • By definition, Energy Intensity (EI) is a measure of the energy efficiency of a nation’s economy.
  • It is calculated as units of energy per unit of GDP.
  • High EIs indicate a high price or cost of converting energy into GDP.
  • Low EI indicates a lower price or cost of converting energy into GDP.

$5-trillion economy

  • In early June, at a NITI Aayog meeting, Prime Minister set a economic target — to grow India into a $5 trillion economy by 2024.

What does a $5-trillion economy mean?

  • $5-trillion economy refers to the size of an economy as measured by the annual gross domestic product (GDP).
  • GDP is the total monetary value of all final goods and services produced in an economy within a year.
  • Currently, India is the sixth-largest economy in the world with a GDP of $2.7 trillion.
  • But it has to be understood that India being the sixth-largest economy doesn’t corroborate Indians being sixth-richest people since GDP per capita of India is much lower when compared to many developed countries and developing countries.

 

 

 

Public Financial Management System (PFMS), a web based application, is administered by?

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Answer:

  • PFMS is administered by the Department of expenditure, Ministry of Finances.

Enrich Your Learning:

Public Financial Management System

  • The PFMS, also known as Central Plan Scheme Monitoring System (CPSMS), tracks fund disbursement and ensures that state treasuries are integrated with the Centre to ensure money is send as and when required.
  • PFMS, administered by the department of expenditure, is an end-to-end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting. It is a web based application.
  • It provides the government real-time information on resource availability and utilisation across schemes.
  • In addition, the platform will allow government expenditure to adopt a Just-in- Time (JIT) approach, with payments made only when they are needed.
  • The government has set a target to integrate PFMS with all state treasuries in current fiscal and implement Direct Benefit Transfer (DBT) for welfare and scholarship schemes.
  • In future, Government aims to transform PFMS to Government-wide Integrated Financial Management System (GIFMIS) as a comprehensive payment, receipt and accounting system.

Significance of the PFMS:

  • The PFMS aims to help in complete tracking and monitoring flow of funds to implementing agencies and ensuring timely transfer of funds.
  • It will help government to ascertain actual status of utilization of funds by multiple implementing agencies of central and the state governments.
  • It will also cut need for paper work and in long way help in monitoring and tracking of any unnecessary parking of funds by implementing agencies, thus minimising cases of delay and pending payments to large extent.
  • It will help to plug leakages in system and help to manage and maintain data that government can use to develop more scientific approach.

 

 

 

Recently inaugurated Sisseri River Bridge was constructed under which project of Border Roads Organisation?

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Answer:

  • The bridge was constructed by ‘Project Brahmank’ of Border Roads Organisation (BRO).

Enrich Your Learning:

Why in News?

  • Defence Minister of India inaugurated the Sisseri River Bridge at Lower Dibang Valley in Arunachal Pradesh.
  • It is a 200-metre long bridge between Jonai-Pasighat-Ranaghat-Roing roads.

Significance of the bridge:

  • It will ease connectivity between Dibang Valley and Siang.
  • It will cut down the travel time by about five hours from Pasighat to Roing.
  • It will play an important role in the overall development of the regionand would provide more opportunities in the fields of employment, trade & tourism.
  • The bridge was constructed by ‘Project Brahmank’ of Border Roads Organisation (BRO).
  • This bridge is strategically important from the military viewpoint and will be a part of Trans Arunachal Highway.

Border Area Development Programme

  • The Department of Border Management, Ministry of Home Affairs has been implementing the Border Area Development Programme (BADP) through the State Governmentsas part of a comprehensive approach to Border Management.
  • The programme aims to meet the special development needsof the people living in remote and inaccessible areas situated near the international border and to saturate the border areas with the essential infrastructure.
  • Under this programme priority is given to the areas closer to the border.
  • BADP was initiated in the border areas of the western region during that Seventh Five Year PlanThe programme now covers 17 States: Arunachal Pradesh, Assam, Bihar, Gujarat, Himachal Pradesh, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand and West Bengal.

 

 

 

Extra budget borrowings (EBRs) are included in the fiscal deficit calculations.True OR False?

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Answer: False

Correct Statement:

  • Extra budget borrowing is excluded from the fiscal deficit calculations.

Enrich Your Learning:

Extra budgetary resources (EBRs)

  • Extra budgetary resources (EBRs) are those financial liabilities that are raised by Public Sector Undertakings (PSUs) for which repayment of entire principal and interest is done from Government budget.
  • Such borrowings are made by state-owned firms to fund government schemes but are not part of the official budget calculations.
  • Extra budget borrowing is excluded from the fiscal deficit calculations, but at the same time, are added to the total debt of the government.

 

 

 

What do you know about Eklavya Model Residential first School?

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Answer & Enrich Your Learning:

Eklavya Model Residential Schools (EMRSs)

  • Eklavya Model Residential School Scheme was started in 1998 and first school was started in the year 2000 in Maharashtra.
  • EMRSs have been functioning as institutions of excellence for tribal students.
  • A total of 259 schools have been sanctioned during the last 17 years, out of which, 72 EMRS were sanctioned during last three years.
  • As per existing EMRS Guidelines of 2010, at least one EMRS is to be set up in each Integrated Tribal Development Agency (ITDA) / Integrated Tribal Development Project (ITDP) having 50% ST population in the area.
  • As per the budget 2018-19, every block with more than 50% ST population and at least 20,000 tribal persons, will have an Eklavya Model Residential School by the year 2022.

Objectives of EMRS:

  • This would be achieved by:
  • Comprehensive physical, mental and socially relevant development of all students enrolled in each and every EMRS. Students will be empowered to be change agent, beginning in their school, in their homes, in their village and finally in a larger context.
  • Focus differentially on the educational support to be made available to those in Standards XI and XII, and those in standards VI to X, so that their distinctive needs can be met,
  • Support the annual running expenses in a manner that offers reasonable remuneration to the staff and upkeep of the facilities.
  • Support the construction of infrastructure that provides education, physical, environmental and cultural needs of student life.
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Daily Current Flash Cards 2020 Prelims 2020
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