Flash Cards

Day#24 Current Affairs Flash Cards [PRELIMS 2020]

‘Truthfully labelled seeds’; Financial Stability and Development Council (FSDC); Aqueduct Water Risk Atlas; ‘Strangers to Justice' Report; Krishna Raja Sagara dam; Seeds Act, 1966;
By IASToppers
August 21, 2019

 

 

Recently, a term ‘Truthfully labelled seeds’ was in news. What are they?

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Answer:

  • It is the category of seeds produced by private seed companies and is sold under truthful labels.

Enrich Your Learning:

‘Truthfully labelled seeds’

  • Truthfully labelled seeds are labelled with 15 cm x 10 cm in size label of Opal Green colour.
  • Companies should maintain field and seed standards suggested for quality seed production as per seed act.
  • Truthful labelling is compulsory for notified kind of varieties and quality is guaranteed by producing agency.
  • The seeds are applicable to both notified and released varieties. These seeds are tested for physical purity and germination.
  • For ‘Truthfully labelled seeds, seed inspector alone can take samples for checking the seed quality.

Key Facts:

  • Indian Parliament recently decided to mandate uniform certification by pushing through a replacement to the Seeds Act, 1966.
  • The new Bill aims to regulate the quality of all seeds sold in the country, as well as exported and imported seeds.

 

 

Krishna Raja Sagara dam was built across which Indian river?

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Answer:

  • The Krishna Raja Sagara Dam (KRS Dam) was built across river Kaveri.

Enrich Your Learning:

Krishna Raja Sagara dam

  • KRS dam is located near Mysore in Mandya district of state Karnataka.
  • The dam was named for the then ruler of the Mysore Kingdom, Krishnaraja Wodeyar IV.
  • Sir M. Vishveswaraya engineered the construction of the dam during the Wadeyar king’s regime in 1932.
  • Three rivers namely Kaveri, Hemavathi and Laksmanathirtha meet near the Krishana Raja Sagar Dam.
  • The Reservoir is the only important source of drinking water for the people of Mysore, Mandya and Bengaluru.

 

 

The ‘Strangers to Justice’ Report is published by whom?

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Answer:

The ‘Strangers to Justice’ Report is published by Commonwealth Human Rights Initiative.

Enrich Your Learning:

‘Strangers to Justice’ Report

  • The report is to document and examine the challenges faced by foreign national prisoners (FNPs) in India.
  • The report addresses problems related to the arrest, imprisonment, consular access, deportation and repatriation of FNPs.
  • It seeks to bring to the fore the ways in which the existing system is inadequate in dealing with FNPs’ issues.
  • The report also reviews and revises the existing guidelines that govern the detention and deportation of foreign nationals in India.
  • It highlights the existing system as ‘a chaotic network of systems’ that intricately intertwines immigration law and criminal law making it complicated.

Why in news?

  • Delhi High Court ordered the Ministry of External Affairs and authorities of the Central government to have “speediest communication with the embassy of the respective countries of the foreign inmates who are in jail”.

Who are FNPs?

  • FNPs refer to prisoners who do not carry the passport of the country in which they are imprisoned.
  • They are entitled to the basic minimum guarantees as enshrined and carefully set out in the Constitution of India.

 

 

Aqueduct Water Risk Atlas is released by whom?

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Answer:

The Aqueduct Water Risk Atlas is released by the World Resources Institute (WRI).

Enrich Your Learning:

‘Aqueduct Water Risk Atlas’

  • The Atlas combines twelve water risk indicators to create overall maps of where and how water risks may be prevalent.
  • In January 2013, the World Resources Institute launched the centrepiece of Aqueduct Water Risk Atlas after a three-year development effort.
  • It uses a robust, peer reviewed methodology and the best-available data to create high-resolution, customizable global maps of water risk.
  • Aqueduct’s global water risk mapping tool helps companies, investors, governments, and other users understand where and how water risks and opportunities are emerging worldwide.
  • In its Global Risks 2013 report, the World Economic Forum identified water supply crises as one of the highest impact and most likely risks facing the planet.

India’s place on Aqueduct Water Risk Atlas:

  • According to the Atlas, India placed thirteenth among the world’s 17 ‘extremely water-stressed’ countries.
  • Neighbouring country Pakistan was under ‘extremely high’ levels of baseline water stress.
  • Twelve of the 17 were from the Middle East and North Africa (MENA) region.
  • ‘Extremely high’ levels of water stress mean an average 80 per cent of the available water in a country is used by irrigated agriculture, industries and municipalities every year.
  • Both surface water and groundwater in India was highly exploited.
  • Groundwater levels, declined at more than eight centimetres per year between 1990 and 2014 in northern India.
  • Chandigarh was the most water-stressed, followed by Haryana, Rajasthan and Uttar Pradesh.

India’s place on Aqueduct Water Risk Atlas

 

 

The idea to create Financial Stability and Development Council (FSDC) was first mooted by which committee?

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Answer:

The idea to create FSDC was first mooted by the Raghuram Rajan Committee on Financial Sector Reforms in 2008.

Enrich Your Learning:

Financial Stability and Development Council (FSDC)

  • FSDC is an apex-level Council set up by Indian Government in 2010 by the announcement made in the Union Budget 2010–11.
  • It is a non-statutory body.
  • The objective of the council is to strengthen and institutionalize the mechanism for maintaining financial stability and enhancing inter-regulatory coordination.
  • Formerly the purpose was served from the High Level Coordination Committee on Financial Markets (HLCCFM); which is replaced by FSDC in 2010.

Composition

  • The Chairman of the FSDC is the Finance Minister of India.
  • Members include:
    • Heads of the financial sector regulatory authorities (i.e, SEBI, IRDA, RBI, PFRDA and FMC)
    • Finance Secretary and/or Secretary, Department of Economic Affairs (Ministry of Finance)
    • Secretary, (Department of Financial Services, Ministry of Finance)
    • The Chief Economic Adviser
  • A sub-committee of FSDC has also been set up under the chairmanship of Governor RBI.

Responsibilities

  • Maintenance of Financial Stability
  • Financial Sector Development
  • Inter-regulatory coordination along with monitoring macro-prudential regulation of economy.
  • It acts as an apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability.
  • It also enhances inter-regulatory coordination and promoting financial sector development in the country.
  • It focuses on financial literacy and financial inclusion.
  • It monitors macro-prudential supervision of the economy.
  • It assesses the functioning of the large financial conglomerates.
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