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Day#50 Current Affairs Flash Cards [PRELIMS 2020]

‘Lucayan Archipelago’; ‘GreenCo Rating System’; Capital Conservation Buffer (CCB); Saint Vincent and the Grenadines; Central Equipment Identity Register’ (CEIR);
By IASToppers
September 20, 2019

 

 

Ministry for Communications launched ‘Central Equipment Identity Register’ (CEIR) on a trial basis in which Indian state?

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Answer:

The service of ‘Central Equipment Identity Register’ (CEIR) is being rolled out in Mumbai, Maharashtra on a pilot basis.

Enrich Your Learning:

‘Central Equipment Identity Register’ (CEIR)

  • Central Equipment Identity Register (CEIR) is a database of IMEIs (International Mobile Equipment Identity)– the 15-digit unique number that identifies mobile devices.
  • Ministry for Communications unveiled a portal- Central Equipment Identity Register (CEIR) in Mumbai which will help mobile phone users trace their stolen or lost mobile phones.
  • All mobile phones have a unique International Mobile Equipment Identity (IMEI) number which is used to identify them.
  • Because of reprogrammable characteristic of IMEI’s, cloning is done and multiple phone devices with same IMEI number are there. If such IMEIs are blocked, several genuine customers might suffer.
  • To get rid of this, the CEIR (website) project has been undertaken.

Objective:

  • Blocking of reported lost or stolen mobile phones across mobile networks, discouraging their theft.
  • Facilitate in tracing of such reported lost/stolen mobile phones.
  • Prevention of mobile devices with duplicate and fake IMEIs in the network.
  • Curtail the use of counterfeit mobile devices
  • Reduced health risks to the users with the control of use of counterfeit mobile phones.
  • Improved QoS and reduced call drops with reduction in use of counterfeit mobile devices.

 

 

‘Saint Vincent and the Grenadines’ is located in which waterbody?

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Answer:

Saint Vincent and the Grenadines is an island country lying within the Lesser Antilles in the eastern Caribbean Sea.

Enrich Your Learning:

‘Saint Vincent and the Grenadines’

  • It consists of the island of Saint Vincent and the northern Grenadine Islands, which stretch southward toward Grenada.
  • There are 32 islands and cays that make up St. Vincent and the Grenadines (SVG). Nine are inhabited, including the mainland St. Vincent and the Grenadines islands.
  • Tobago Cays National Marine Park is located within SVG.
  • The country is a member of the Commonwealth.

Saint Vincent and the Grenadines IASToppers

 

 

 

‘Capital Conservation Buffer’ for banks are mandate under which international regulatory reforms?

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Answer:

‘Capital Conservation Buffer’ for banks are mandate under the Basel III regulatory reforms.

Enrich Your Learning:

‘Capital Conservation Buffer (CCB)’

  • Capital Conservation Buffer is the capital buffer that banks have to accumulate in normal times to be used for offsetting losses during periods of stress.
  • It was introduced after the 2008 global financial crisis to improve the ability of banks to withstand adverse economic conditions.
  • When a bank breaches the buffer, automatic safeguards apply to limit the amount of dividend and bonus payments it can make.
  • Capital buffers were mandated under the Basel III regulatory reforms, created by the Basel Committee on Banking Supervision.
  • Reserve Bank of India announced minimum capital conservation ratios of 2.5 per cent which would be applicable from on March 31, 2020.

Basel III

  • Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector.
  • Basel III is part of the continuous effort to enhance the banking regulatory framework. It builds on the Basel I and Basel II documents.
  • Basel III was published in 2009, largely in response to the credit crisis associated with the Great Recession.

 

 

‘GreenCo Rating System’ is applied to various sectors by which agency?

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Answer:

‘GreenCo Rating System’ is applied to various sectors by Confederation of Indian Industry (CII).

Enrich Your Learning:

‘GreenCo Rating System’

  • GreenCo Rating is the “first of its kind in the World” holistic framework that evaluates companies on the environmental friendliness of their activities using life cycle approach.
  • Implementation of GreenCo rating provides leadership and guidance to companies on how to make products, services and operations greener.
  • Industry personnel are trained on the latest Green concepts and facilitated for implementing better systems and implementing global best practices in green.
  • GreenCo rating is applicable to both manufacturing facilities and service sector units.
  • The rating system evaluates green features of companies against the performance parameters like:
    • Energy Efficiency
    • Water Conservation
    • Renewable Energy
    • GHG Mitigation
    • Waste Management
    • Material Conservation, Recycling and Recyclability
    • Green Supply Chain
    • Product Stewardship
    • Life Cycle Assessment
    • Green Building features, Biodiversity & Innovation

Objective:

  • To facilitate Indian industry in making a substantial improvement in their environmental performance thereby saving both natural and financial resources.

 

 

‘Lucayan Archipelago’ is an island group comprising which two major islands?

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Answer:

‘Lucayan Archipelago’ is an island group comprising Commonwealth of the Bahamas and the British Overseas Territory of the Turks and Caicos Islands.

Enrich Your Learning:

‘Lucayan Archipelago’

  • The Lucayan Archipelago, also known as the Bahama Archipelago, is an island group comprising the Commonwealth of the Bahamas and the British Overseas Territory of the Turks and Caicos Islands.
  • It was named for the original native Lucayan people.
  • The archipelago is in the western North Atlantic Ocean, north of Cuba along with the other Antilles, and east and southeast of Florida.
  • The Lucayan Archipelago does not border the Caribbean Sea, however, the Lucayan Archipelago still falls within the Caribbean region.

Lucayan Archipelago IASToppers

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