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Current Affair Analysis

27th February 2019 Current Affairs Analysis -IASToppers

National War Memorial; What is a Heatwave? Quick Reaction Surface-to-Air Missile (QRSAM); What are stratocumulus clouds? United Nations Entity for Gender Equality and the Empowerment of Women (UN Women); What is Repo Rate? What is MCLR (Marginal Cost of Funds based Lending Rate)? Citizenship Amendment Bill 2016; Citizenship Act 1995; What is Prompt Corrective Action (PCA)? 4R’s strategy of banking transformation; Exercise Sampriti – 2019; Largest Bhagavad Gita in the world; National Book Trust (NBT); etc.
By IT's Current Affairs Analysis Team
March 08, 2019

Contents

Polity & Governance

  • Nagaland Assembly passes resolution against citizenship bill

Economy

  • Banks may set repo rate as benchmark
  • RBI removed three banks from PCA framework

Environment, Ecology & Disaster Management

  • Global warming imperils clouds that deter hothouse Earth
  • NDMA to conduct national workshop on heat wave risk reduction

Bilateral & International Relations

  • UN Women lauds Odisha govt for proposing women’s reservation

Defence & Security Issues

  • National War Memorial inaugurated
  • India successfully test-fires two Quick Reaction Surface-to-Air Missiles

Key Facts for Prelims

  • Exercise Sampriti – 2019
  • Largest Bhagavad Gita in the world
  • National Book Trust (NBT)

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Polity & Governance

Nagaland Assembly passes resolution against citizenship bill

The Nagaland Assembly has passed a resolution rejecting completely the contentious Citizenship (Amendment) Bill.

Citizenship (Amendment) Bill, 2016 nagaland 1

Reason for rejection:

  • According to Nagaland government, the proposed legislation will impact the unique history and status of the Nagas under the Constitution.
  • Moreover, the state government feared that it has potential of changing the demographic profile which will be against the interest of indigenous tribes
  • The Bill has power to divest indigenous people’s constitutionally guaranteed political, cultural and economic rights.
  • The resolution also expressed solidarity with the communities of the Northeast in opposing the bill.

What is the Citizenship Amendment Bill 2016?

Citizenship (Amendment) Bill, 2016 nagaland 2

  • The Citizenship Amendment Bill 2016 seeks to allow illegal migrants from certain minority communities in Afghanistan, Bangladesh and Pakistan eligible for Indian citizenship. In other words, it amends the Citizenship Act of 1955.
  • The Bill provides that the registration of Overseas Citizen of India (OCI) cardholders may be cancelled if they violate any law.
  • The Citizenship Amendment Bill seeks to allow illegal migrants belonging to the Hindu, Sikh, Buddhist, Jain, Parsi or Christian religious communities coming from Afghanistan, Bangladesh or Pakistan to not be imprisoned or deported.
  • It also appeals for the minimum years of residency in India to apply for citizenship to be lessened from at least 11 to six years for such migrants.
  • The Bill, however, does not extend to illegal Muslim migrants. It also does not talk about other minority communities in the three neighbouring countries, such as Jews, Bahais etc.

What is the Citizenship Act 1995?

  • Under Article 9 of the Indian Constitution, a person who voluntarily acquires citizenship of any other country is no longer an Indian citizen.
  • Citizenship by descent: Persons born outside India on or after January 26, 1950, but before December 10, 1992, are citizens of India by descent if their father was a citizen of India at the time of their birth.
  • From December 3, 2004, onwards, persons born outside of India shall not be considered citizens of India unless their birth is registered at an Indian consulate within one year of the date of birth.
  • In the Citizenship Act 1955, if an adult makes a declaration of renunciation of Indian citizenship, he loses Indian citizenship.

What are the guidelines to become an Indian citizenship?

  • In India, the Citizenship Act, 1995 prescribes five ways of acquiring citizenship:

Birth:

  • Every person born in India on or after the 26th January, 1950, shall be a citizen of India by birth provided his / her father is not an enemy or representative of a diplomatic mission.

Descent:

  • A person born outside India on or after Jan 26, 1950 shall be a citizen of India by descent if his/her mother/father is a citizen of India at the time of his birth

Registration:

  • A person can acquire citizenship by registering themselves with prescribed authority. Such categories of persons are:
  • Persons of Indian origin residing outside the territories of undivided India
  • Those persons of Indian origin who are ordinarily residents in India and have been so resident for 6 months immediately before making application for registration
  • Women who are married to citizens of India
  • Children of Indian citizens
  • Adult citizens of commonwealth country or republic of Ireland

Naturalization:

  • A foreign citizen not covered by any of the above methods can get Indian citizenship with the following conditions:
  • Belongs to a country where the citizens of India are allowed to become subjects or citizens of that country by naturalization.
  • Renounces the citizenship of his country and intimated the renunciation to the Government of India.
  • Has been residing in India or serving the government for 12 months before the date of making application for naturalization.
  • Possess a good character
  • Possess working knowledge of Indian Languages
  • Intends to reside in India after naturalization.

Incorporation of the territory:

  • If a new territory becomes a part of India, the government of India specifies the persons of that territory who shall be citizens of India.
[Ref: The Hindu]

 

Economy

Banks may set repo rate as benchmark

Most commercial banks in India are likely to select RBI’s repo rate as the external benchmark to decide their lending rates, from April 1, 2019.

RBI restructuring package for small businesses

Current Bench mark for loan rates:

  • The marginal cost of fund based lending rate (MCLR) is currently the benchmark for all loan rates.
  • Banks typically add a spread to the MCLR while pricing loans for homes and automobiles.
  • However, for the new benchmark, RBI has mandated that the spread over the benchmark rate should remain unchanged through the life of the loan, unless the borrower’s credit assessment undergoes a substantial change.

Options for bank:

  • Banks had four options from which to choose the external benchmark for loan pricing:
  1. The repo rate
  2. The 91-day treasury bill
  3. The 182-day T-bill
  4. Any other benchmark interest rate produced by the Financial Benchmarks India Private Ltd (FBIL)
  • The repo rate is the most stable one as compared to the other options.

Banks against move

  • Many banks have opposed the move to shift to a new external benchmark for loan pricing on grounds that their cost of funds are not linked to these benchmarks and that without a fall in the costs, it would not be possible to change the rates.

What is Repo Rate?

  • Repo rate refers to the rate at which commercial banks borrow money from the Reserve Bank of India (RBI) in case of shortage of funds.
  • Technically, Repo stands for ‘Repurchasing Option’.
  • It is a contract in which banks provide eligible securities such as Treasury Bills to the RBI while availing overnight loans.
  • A Reverse Repo Rate is a rate that RBI offers to banks when they deposit their surplus cash with RBI for shorter periods.
  • As per February 2019, the repo rate is 6.25% per annum and the reverse repo rate is 6.00%.

Benefits of setting Repo Rate as benchmark for lending:

  • It will make the system more transparent since every borrower will know the fixed interest rate and the spread value decided by the bank.
  • It will help borrowers compare loans in a better way from different banks.
  • There shall be standardisation and ease of understanding for the borrowers. This would mean that same bank cannot adopt multiple benchmarks within a loan category.

Impact of Repo rate on economy:

  • It is one of the main tools of RBI to keep inflation under control. In the event of inflation, RBI increase repo rate as this acts as a disincentive for banks to borrow from the RBI.
  • On the other hand, when the RBI needs to o flow cash into the system, it lowers repo rate. Consequentially, businesses and industries find it cheaper to borrow money for different investment purposes.

What is MCLR (Marginal Cost of Funds based Lending Rate)?

  • Marginal Cost of Funds based Lending Rate (MCLR) is the minimum interest rate, below which a bank is not permitted to lend, except in some cases allowed by the RBI.
  • Marginal cost is charged on the basis of interest rate for various types of deposits, borrowings and return on net worth.
  • MCLR replaced the earlier base rate system to determine the lending rates for commercial banks.
  • It is implemented by RBI on 1 April 2016.
  • It is an internal benchmark or reference rate for the bank.

Aims of the MCLR:

  • To improve the transmission of policy rates into the lending rates of banks.
  • To bring transparency in the methodology followed by banks for determining interest rates on advances.
  • To ensure availability of bank credit at interest rates which are fair to borrowers as well as banks.
  • To enable banks to become more competitive and enhance their long run value and contribution to economic growth.

Base Rate vs MCLR:

Banks may set repo rate as benchmark for lending 5

Base rate is based on:

  • Cost of funds
  • Minimum rate of return
  • Operating expenses and cost of maintaining cash reserve ratio

 MCLR is based on:

  • Marginal cost of funds,
  • Tenor premium
  • Operating expenses and cost of maintaining cash reserve ratio

Reasons for introducing MCLR

  • To improve the transmission of policy rates into the lending rates of banks.
  • To bring transparency in the methodology followed by banks for determining interest rates on advances.
  • To ensure availability of bank credit at interest rates which are fair to borrowers as well as banks.
  • To enable banks to become more competitive and enhance their long run value.

Outcomes of MCLR:

  • After MCLR implementation, the interest rates will be determined as per the relative riskiness of individual customers.
[Ref: The Hindu]

 

RBI removed three banks from PCA framework

Three more banks are now out of the Reserve Bank of India’s (RBI) prompt and corrective action (PCA) framework.

They are:

  1. Allahabad Bank (from the public sector)
  2. Corporation Bank (from the public sector)
  3. Dhanlaxmi Bank (from the private sector)

Earlier, such restrictions were taken off Bank of India, Oriental Bank of Commerce and Bank of Maharashtra. There are another six banks that are still under PCA framework.

PCA framework 2019 1

What is Prompt Corrective Action (PCA)?

What is Prompt Corrective Action (PCA)

  • PCA norms allow the regulator to place certain restrictions such as halting branch expansion and stopping dividend payment.
  • It can even cap a bank’s lending limit to one entity or sector.
  • Other corrective action that can be imposed on banks include special audit, restructuring operations and activation of recovery plan.
  • Banks’ promoters can be asked to bring in new management, too.
  • Under PCA, the RBI can also supersede the bank’s board.

When is PCA invoked?

When is PCA invoked

  • The PCA is invoked when certain risk thresholds are breached.
  • There are three risk thresholds which are based on certain levels of asset quality, profitability, capital and the like.
  • The third such threshold, which is maximum tolerance limit, sets net NPA at over 12% and negative return on assets for four consecutive years.

What are the types of sanctions?

  • There are two types of restrictions, mandatory and discretionary.
  • Restrictions on dividend, branch expansion, directors compensation, are mandatory while discretionary restrictions could include curbs on lending and deposit.
  • In the cases of two banks where PCA was invoked after the revised guidelines were issued — IDBI Bank and UCO Bank — only mandatory restrictions were imposed. Both the banks breached risk threshold 2.

What will a bank do if PCA is triggered?

  • Banks are not allowed to renew or access costly deposits or take steps to increase their fee-based income.
  • Banks will also have to launch a special drive to reduce the stock of NPAs and contain generation of fresh NPAs.
  • They will also not be allowed to enter into new lines of business.
  • RBI will also impose restrictions on the bank on borrowings from interbank market.

4R’s strategy of banking transformation:

  • For any bank to take a challenge comprehensively would require Recognition, Recapitalisation, Resolution, and Reform (4R’s).

 [Ref: Times of India]

 

Environment, Ecology & Disaster Management 

Global warming imperils clouds that deter hothouse Earth

Researchers of Jet Propulsion Laboratory in California warns that marine clouds could break up and vanish if CO2 in the atmosphere triples.

Warming imperils clouds that deter ‘hothouse’ conditions 2019

  • Using an innovative approach to modelling the behaviour of the stratus clouds, researcher calculated that protective cloud cover could break up if CO2 levels reached 1200 ppm.

Effect of disappearing Stratocumulus clouds:

  • Stratocumulus clouds cover about 20 percent of subtropical oceans, mostly near western seaboards such as the coasts of California, Mexico and Peru.
  • When they disappear, Earth warms by about eight degrees Celsius in addition to the global warming.
  • A temperature increase of that magnitude would melt polar ice and lift sea levels tens of metres.

What are stratocumulus clouds?

stratocumulus clouds 2019 3

  • Stratocumulus clouds are low-level clumps or patches of cloud varying in colour from bright white to dark grey.
  • They consist of large, rounded masses of stratus that form groups, lines or waves.
  • They are the most common clouds on earth recognised by their well-defined bases with some parts often darker than others.
  • They usually have gaps between them, but they can also be joined together.

How do stratocumulus clouds form?

  • Stratocumulus clouds usually form from a layer of stratus cloud breaking up.
  • They are indicators of a change in the weather and are usually present near a warm, cold or occluded front.

What weather is associated with stratocumulus clouds?

  • Stratocumulus clouds can be present in all types of weather conditions, from dry settled weather to rainier conditions, but they themselves are often not the culprit.
  • Stratocumulus are often mistaken for rain clouds, when in reality it is quite rare to get anything more than the lightest drizzle from them, if anything at all.

In Nutshell:

  • Height of base: 1,200 – 6,500 ft
  • Shape: Cumuliform “lump” at base
  • Word meaning: stratus – flattened; cumulus – heap
  • Precipitation: Light

Key Facts:

  • The 2015 Paris climate treaty enjoins nations to cap the rise in temperatures at “well below” 2C.
  • Since manmade global warming began, CO2 concentration in the air has gone up nearly 45 percent, from 285 to 410 parts per million.
[Ref: Times of India]

 

NDMA to conduct national workshop on heat wave risk reduction

The National Disaster Management Authority (NDMA), collaborating with Maharashtra Government, held a two-day national workshop at Nagpur on heat wave risk reduction on 27-28 February, 2019.

The National Disaster Management Authority (NDMA)

Aim of the workshop:

  • To sensitise the States to the need of preparing and implementing specific Heat Action Plans,
  • To provide an opportunity for community capacity building and awareness generation among vulnerable populations.
  • To discuss the integration of long-term heat risk reduction measures into Climate Change Adaptation.

What is a Heatwave?

  • A Heat Wave is a period of abnormally high temperatures, more than the normal maximum temperature that occurs during the summer season in the North-Western parts of India.
  • Heat Waves typically occur between March and June, and in some rare cases even extend till July.
  • The extreme temperatures and resultant atmospheric conditions adversely affect people living in these regions as they cause physiological stress, sometimes resulting in death.

Criteria to be consider as Heatwave:

  • Heat Wave need not be considered till maximum temperature of a station reaches at least 40 C for Plains and at least 30 C for Hilly regions.
  • When normal maximum temperature of a station is less than or equal to 40 C Heat Wave Departure from normal is 5 C to 6 C Severe Heat Wave Departure from normal is 7 C or more.
  • When normal maximum temperature of a station is more than 40 C Heat Wave Departure from normal is 4 C to 5 C Severe Heat Wave Departure from normal is 6 C or more.
  • When actual maximum temperature remains 45 C or more irrespective of normal maximum temperature, heat waves should be declared.

Health Impacts:

  • The health impacts of Heat Waves typically involve dehydration, heat cramps, heat exhaustion and/or heat stroke.
  • Heat Cramps: Ederna (swelling) and Syncope (Fainting) generally accompanied by fever below 39*C
  • Heat Exhaustion: Fatigue, weakness, dizziness, headache, nausea, vomiting, muscle cramps and sweating.
  • Heat Stoke: Body temperatures of 40*C i.e. 104*F or more along with delirium, seizures or coma. This is a potential fatal condition

Scenario in India:

heat wawe

  • From 2014-2017, the average length of heatwaves in India ranged from 3-4 days compared to the global average of 0.8-1.8 days
  • Indians were exposed to almost 60 million heatwave exposure events in 2016, a jump of about 40 million from 2012.
  • A World Bank report predicted a 2.8% erosion of the India’s GDP by 2050, accompanied by a fall in living standards due to changes in temperature, rainfall and precipitation patterns.
  • According to Heat Vulnerability Index published in The International Journal of Environmental Research and Public Health, out of 707 districts in India, 10 districts were found to be “very high risk”.
  • Six of these are in relatively underdeveloped areas in Madhya Pradesh and Chhattisgarh.

Why India is experiencing more heat waves?

  • Magnified effect of paved and concrete surfaces in urban areas and a lack of tree cover.
  • Urban heat island effects can make ambient temperatures feel 3 to 4 degrees more than what they are.
  • More heat waves were expected as globally temperatures had risen by an average 0.8 degrees in the past 100 years. Night-time temperatures are rising too.
  • Higher daily peak temperatures and longer, more intense heat waves are becomingly increasingly frequent globally due to climate change.
  • High intensity of UV rays in medium-high heat wave zone.
  • Combination of exceptional heat stress and a predominantly rural population makes India vulnerable to heat waves.

Suggestion to fight Heatwave:

  • Further research using sub-district level data to provide separate indices for urban and rural areas to enable more targeted geographical interventions.
  • Deeper analysis of urban ward-level data to provide intra-city vulnerability patterns.
  • Provision of public messaging (radio, TV), mobile phone-based text messages, automated phone calls and alerts.
  • Promotion of traditional adaptation practices, such as staying indoors and wearing comfortable clothes.
  • Popularisation of simple design features such as shaded windows, underground water storage tanks and insulating housing materials.
  • Provision of drinking water within housing premises and indoor toilets
[Ref: PIB, The Hindu]

 

Bilateral & International Relations

UN Women lauds Odisha govt for proposing women’s reservation

The United Nations has complimented Odisha Chief Minister Naveen Patnaik for his government’s proposal of 33 per cent reservation for women in Parliament and the state Assemblies.

UN Women 1

  • The compliment came from United Nations Entity for Gender Equality and the Empowerment of Women (UN Women).

Background:

  • The Rajya Sabha passed the Constitution 108th Amendment Bill – Women’s Reservation Bill in 2010. However, the Bill lapsed after the dissolution of the 15th Lok Sabha in 2014.

Highlights of the Women’s Reservation Bill:

  • It seeks to reserve one-third of all seats for women in the Lok Sabha and the state legislative assemblies.
  • One third of the total number of seats reserved for Scheduled Castes and Scheduled Tribes shall be reserved for women of those groups in the Lok Sabha and the legislative assemblies.
  • Reserved seats may be allotted by rotation to different constituencies.
  • Reservation of seats for women shall cease to exist 15 years after the commencement of this Amendment Act.

Why did Lok Sabha not approve it?

  • Opponents argue that it would perpetuate the unequal status of women since they would not be perceived to be competing on merit.
  • Reservation of seats in Parliament restricts choice of voters to women candidates.
  • Rotation of reserved constituencies in every election may reduce the incentive for an MP to work for his constituency.

About United Nations Entity for Gender Equality and the Empowerment of Women (UN Women).:

  • It is a United Nations entity working for gender equality and the empowerment of women.
  • It has been operational from January 2011.
  • UN Women builds on the important work of four previously distinct parts of the UN system which focused exclusively on gender equality and women’s empowerment:
  1. Division for the Advancement of Women (DAW)
  2. International Research and Training Institute for the Advancement of Women (INSTRAW)
  3. Office of the Special Adviser on Gender Issues and Advancement of Women (OSAGI)
  4. United Nations Development Fund for Women (UNIFEM)

Role of UN women:

UN Women

  • To support inter-governmental bodies in their formulation of policies, global standards and norms.
  • To help Member States implement these standards, standing ready to provide suitable technical and financial support
  • To lead and coordinate the UN system’s work on gender equality as well as promote accountability.

UN women Flagship programmes:

UN Women has developed 12 flagship programmes to deepen its efforts and achieve transformative results.

  • Women’s Leadership in Politics
  • Women’s Access to Justice
  • Climate-Resilient Agriculture
  • Equal Opportunities for Women Entrepreneurs
  • Income Generation & Security
  • Prevention and Access to Essential Services
  • Safe Cities & Safe Public Spaces
  • Women’s LEAP in Crisis Response
  • Gender Inequality of Risk (DRM)
  • Women’s Engagement in Peace, Security & Recovery
  • Gender Statistics for Localization of the SDGs
  • Transformative Financing for GEWE

UN agreements on Gender equality:

  • Beijing Declaration and Platform for Action
  • The Convention on the Elimination of All Forms of Discrimination against Women (CEDAW)
[Ref: The Economic Times, Business Standard]

 

Defence & Security Issues

National War Memorial inaugurated

Recently, Prime Minister Narendra Modi inaugurated the National War Memorial adjoining the India Gate in New Delhi.

Prime Minister Narendra Modi inaugurated the National War Memorial adjoining the India Gate in New Delhi.

 

About the National War Memorial:

  • Spread over 40 acres, the National War Memorial comprises four concentric circles with names of 25,942 soldiers inscribed in golden letters on granite tablets
  • National War Memorial includes a central obelisk, an eternal flame and six bronze murals depicting famous battles fought by India.
  • The memorial comprises four concentric circles, namely ‘Amar Chakra, Veerta Chakra, ‘Tyag Chakra’ and ‘Rakshak Chakra’.
  • It also includes a central obelisk, an eternal flame and six bronze murals depicting famous battles fought by Indian Army, Air Force and Navy in a covered gallery (Veerta Chakra).
  • 16 walls have been constructed in the Tyag Chakra for paying homage to the 25,942 battle casualties and their names have been inscribed on granite tablets arranged in a circular pattern, symbolizing the ancient Indian war formation ‘Chakravyuh’.
  • The Rakshak Chakra the outermost one comprises of rows of more than 600 trees with each tree representing many soldiers who guard the territorial integrity of the nation round the clock.
  • The National War Memorial will have a new ‘eternal flame’, the existing eternal flame at the Amar Jawan Jyoti built in 1972 in honour of soldiers who lost their lives in the 1971 India-Pakistan war will continue as it is.

Significance of the National War Memorial:

  • There was no national memorial to commemorate the sacrifice of fallen soldiers after independence.
  • The National War Memorial pays tribute to soldiers who laid down their lives defending the nation during the India-China war in 1962, Indo-Pak wars in 1947, 1965 and 1971, Indian Peace Keeping Force Operations in Srilanka and in the Kargil conflict of 1999.

Key facts:

  • India Gate itself is a war memorial built during the British Raj as the All India War Memorial Arch to honour the soldiers who died in the First World War (1914-1918) and the Third Anglo-Afghan War (1919).
[Ref: PIB]

 

India successfully test-fires two Quick Reaction Surface-to-Air Missiles

India successfully test-fired two indigenously developed Quick Reaction Surface-to-Air missiles (QRSAM) from a test range off the Odisha coast.

Quick Reaction Surface-to-Air missiles (QRSAM) 2019 3

Who conducted the trial?

 

  • The trials were conducted by the Defence Research and Development Organisation (DRDO) from the Integrated Test Range (ITR) at Chandipur, Odisha.
  • This was the third developmental trial of QRSAM.

Quick Reaction Surface-to-Air Missile (QRSAM):

  • The QRSAM was jointly developed by the Defence Research Development Organisation (DRDO) and Bharat Electronics Limited.

Features of QRSAM:

  • It uses solid-fuel propellant and has a range of 25-30 km.
  • It has electronic counter measures against jamming by aircraft radars.
  • It is capable of engaging multiple targets.
  • The first all-weather weapon system is capable of tracking and firing with precision.
  • It can also be used as an anti-sea skimmer from a ship against low flying attacking missiles.
  • It is a truck-mounted missile with capable of 360-degree rotation.
  • QR-SAM unit is 3 times lighter than Akash Missile unit which is medium range mobile surface-to-air missile defines system.

Air Defence Systems comes in following categories

  • Quick reaction Range Surface to Air Missile (QRSAM)
  • Short Range Surface to Air Missile (SRSAM)
  • Medium Range Surface to Air Missile (MRSAM)
  • Long Range SAM (LRSAM)
[Ref: The Hindu]

 

Key Facts for Prelims

Exercise Sampriti – 2019

Exercise Sampriti – 2019 2

  • It is an Indo-Bangladesh joint military exercise.
  • Exercise Sampriti-2019 will be conducted at Tangail, Bangladesh.
  • Exercise Sampriti-2019 is an important bilateral defence cooperation endeavour between India and Bangladesh and this will be the eighth edition of the exercise which is hosted alternately by both countries.
  • The aim of the exercise is to strengthen and broaden the aspects of interoperability and cooperation between the Indian and Bangladesh Armies.
  • The exercise will involve tactical level operations in a counter insurgency and counter terrorism environment under the UN mandate.

 

Largest Bhagavad Gita in the world

World’s largest Bhagavad Gita 2019

 

  • The Prime Minister inaugurated the world’s largest and heaviest Bhagavad Gita at the Delhi ISKCON temple.
  • The holy book measuring 2.8 meters by 2 meters has 670 pages and weights at 800 kg.
  • It is also the world’s largest sacred book.
  • The book has been printed in Milan, Italy, on YUPO synthetic paper so as to make it untearable and waterproof

About ISKCON:

  • The International Society for Krishna Consciousness (ISKCON), known colloquially as the Hare Krishna movement, is a worldwide confederation of more than 400 temples and runs 100 vegetarian restaurants and a wide variety of community-serving projects.

 

National Book Trust (NBT)

National Book Trust (NBT)

  • National Book Trust (NBT) is an autonomous body under the Ministry of Education of the Government of India.
  • India’s first Prime Minister Pt. Jawaharlal Nehru envisioned that NBT would be a bureaucracy-free structure that would publish low-cost books.
  • NBT now functions under aegis of Ministry of Human Resource Development

Objectives of NBT

  • To produce and encourage the production of good literature in English, Hindi And Other Indian Languages.
  • To make such literature available at moderate prices to the public.
  • To bring out book catalogues.
  • Arrange Book Fairs/Exhibitions and Seminars.
  • Take all necessary steps to make the people book-minded.

Why in news?

  • Recently, Author and Educationist Govind Prasad Sharma has been appointed as the Chairman of National Book Trust (NBT).

 

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