Flash-Cards-for-IAS-Prelims-2018-CA-Day-7
70 Days WAR Plan

Day#7 Current Affairs Flash Cards [70 Days WAR Plan]

Pradhan Mantri Jan Vikas Karyakram; Bureau of Civil Aviation Security (BCAS); Conservation of Gangetic dolphins; Directorate General of Trade Remedies (DGTR); Exercise Pitch Black; Subhash Garg Committee; Girinka Program; Inter-Creditor Agreement; Location of Uganda; Core industries in India;
By IT's Core Team
March 28, 2019

 

 

Which sectors are included in the core industries in India?

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Answer:

Core industries in India:

  • Coal
  • Crude Oil
  • Natural Gas
  • Refinery Products
  • Fertilizer
  • Steel
  • Cement
  • Electricity

Enrich Your Learning:

  • The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
  • Its Cumulative growth during April to January, 2018-19 was 4.5per cent.
  • The Index of Eight Core Industries is a monthly production index, which is also considered as a lead indicator of the monthly industrial performance.
  • The Index of Eight Core Industries is compiled based on the monthly production information received from the Source Agencies.
  • The Index of Eight Core Industries is compiled based on Base Year is 2011-12.

Why in News?

  • A NITI Aayog member suggested that the centre should actively consider classifying the aluminium sector as India’s ninth core industry.
  • The aluminium sector contributes to nearly 2 per cent of manufacturing GDP and is a high direct and an indirect employment multiplier creating close to 800,000 jobs.

Sector wise weightage:

Sector

Weight

Coal

10.3335

Crude Oil

8.9833

Natural Gas

6.8768

Refinery Products

28.0376

Fertilizers

2.6276

Steel

17.9166

Cement

5.3720

Electricity

19.8530

 

 

 

How many countries share border with Uganda? Is Uganda a landlocked country or not?

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Answer:

  • Uganda shares land borders with 5 countries: Rwanda, Tanzania, Sudan, Kenya, Democratic Republic of the Congo.
  • It is a landlocked country in east-central Africa

Enrich Your Learning:

Location of Uganda

  • Uganda shares land borders with 5 countries: Rwanda, Tanzania, Sudan, Kenya, Democratic Republic of the Congo.
  • It is a landlocked country in east-central Africa.
  • Uganda is in the African Great Lakes region.
  • Uganda also lies within the Nile basin, and has a varied but generally a modified equatorial climate.
  • Uganda is populated by dozens of ethnic groups.
  • The southern part of the country includes a substantial portion of Lake Victoria, shared with Kenya and Tanzania.

 

 

What is ‘Intercreditor Agreement’ that is frequently appeared in news?

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Answer:

  • An Intercreditor Agreement (or inter-creditor deed) is a contract between two more creditors. Such an agreement comes into effect when the borrower has two (or more) lenders.

Enrich Your Learning:

Inter-Creditor Agreement

  • An Intercreditor Agreement (or inter-creditor deed) is a contract between two more creditors. Such an agreement comes into effect when the borrower has two (or more) lenders.
  • The lenders sign a contract among themselves stipulating all the needed points.
  • The contract includes details like dispute resolution, various lien positions, responsibilities of the creditors, liabilities of each creditor, impact on the other creditors, etc.

Usually, there are two creditors in an inter-creditor agreement – one senior and the other subordinate or junior lender.

Need:

  • Lenders have to establish the right to the loan and the security in case of the borrower has more than one lender for the same loan and security.
  • In the majority of the cases, the lenders are ok with an acknowledgment that each of them is entitled to a specific claim on the assets of the borrower.

Importance:

  • Such an agreement plays a vital role in the right to lien. Thus, the agreement is important to all the lenders as it lays the foundation for the rights and priorities in case the borrower is unable to pay properly or defaults.

Includes:

  • Limits the payment of the borrower to junior lenders
  • Standstill agreement in which the junior lender is restricted from taking any action against the borrower to enforce its debt.
  • Restrictions on the repayment to the junior lender until senior lender is paid.
  • Provision for the buy-out rights
  • In certain cases, the borrower is the party to the agreement

Issues:

  • Improper understanding of the terms by the junior lender.
  • Intentional delay by the senior lender can cause disputes between junior and senior lender.
  • Terms are normally finalized by the senior lender. Hence junior lender may raise some issues.
  • Negotiations may lead to cancellation of agreement.

Why in news?

  • Two dozen lenders including State Bank of India and Punjab National Bank on Monday signed an inter-creditor agreement (ICA) to speed up the resolution process of stressed assets in the range of Rs. 500 million to Rs. 5 billion under consortium lending.

 

 

What are the objectives of Girinka Program?

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Answer:

  • The Girinka program was set up with the central aim of reducing child malnutrition rates and increasing household incomes of poor farmers.

Enrich Your Learning:

Girinka program

  • Girinka is One Cow per Poor Family Program funded by Government of Rwanda.

Other objectives:

  • The program was set up with the central aim of reducing child malnutrition rates and increasing household incomes of poor farmers.
  • These goals are directly achieved through increased access to, and consumption of milk, by providing poor households with a heifer.
  • The program is crucial to addressing the fundamental needs of those parts of the country that are critically food insecure.

Achievements:

  • The GIRINKA program is transforming rural livelihoods and addressing poverty alleviation in Rwanda. The model is simple, the impact is great.
  • One Cow brings nutrition, sustenance and employment, providing a stable income for a family and is a source of soil nutrients via manure to assist small scale cropping activity.
  • To date, more than 203,000 families have now benefited from the program.

Why in news?

  • Prime Minister Narendra Modi on July 24 presented 200 cows to poor villagers in Rwanda to support President Paul Kagame’s ambitious initiative for poverty reduction and tackling childhood malnutrition.

 

 

What are the terms of references of Subhash Garg Committee?

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Answer:

  • The Centre has set up Subhash Garg committee to go into various issues relating to Fintech space in

Enrich Your Learning:

Subhash Garg Committee:

  • The Centre has set up a steering committee to go into various issues relating to Fintech space in
  • The committee will be headed by Subhash Chandra Garg, Secretary, Department of Economic Affairs.

Focus areas:

  • The committee will consider means of using data with GSTN and data residing with information utilities such as credit information companies (CICs) and others in open domain with a view to developing applications for financing of micro, small and medium enterprises (MSMEs).
  • It will also develop regulatory interventions e.g., regulatory sandbox model, that will enhance the role of Fintech in sectors identified for focused interventions.
  • The ideas is to facilitate ease of doing business in the Fintech sector.
  • The committee has also be asked to consider how Fintech could be leveraged in critical sectors of economy.
  • It will focus on delivery of e-services to the vulnerable sections of society, and management of land records and other government services.
  • The committee will work with government agencies such as UIDAI to explore creation and use of unique enterprise identification (UID) number.
  • It will also look into the possibility of international co-operation opportunities in Fintech with countries such as Singapore, U.K., China and others.

 

 

Exercise Pitch Black is a biennial multi-national large force employment warfare exercise. Which country hosted this exercise?

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Answer:

  • Exercise Pitch Black a biennial multi-national large force employment warfare exercise was hosted by Royal Australian Air Force (RAAF) from 24 Jul 18 to 18 Aug 18 in Darwin, Australia.

Enrich Your Learning:

Exercise Pitch Black:

  • Indian Air Force had earlier participated in the exercise as observers and this was for the first time that IAF participated with air assets in the Exercise Pitch Black (PB-18).
  • With participation of 16 nations and more than 140 aircraft, the current edition was the largest Pitch Black ever conducted by Australia. 
  • The objectives for the exercise were to foster closer relationship between the participating friendly forces and to promote interoperability through exchange of knowledge and experience.
  • The aim for participating crew and specialist observers was to expose them to op environment in international scenarios.

 

 

Recently, Directorate General of Anti-dumping and Allied Duties is renamed as The Directorate General of Trade Remedies. DGTR functions as an attached under?

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Answer:

  • DGTR functions as an attached office of Department of Commerce, Ministry of Commerce and Industry.

Enrich Your Learning:

Directorate General of Trade Remedies (DGTR)

  • The Directorate General of Trade Remedies, earlier known as Directorate General of Anti-dumping and Allied Duties, was named in May 2018 as an integrated single window agency for providing comprehensive and swift trade defence mechanism in India.
  • DGTR functions as an attached office of Department of Commerce, Ministry of Commerce and Industry.
  • Earlier, the Directorate General of Anti-dumping and Allied Duties (DGAD) dealt with anti-dumping and CVD cases, Directorate General of Safeguards (DGS) dealt with safeguard measures and DGFT dealt with quantitative restriction (QR) safeguards.
  • The DGTR brings DGAD, DGS and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity.
  • DGTR now deals with Anti-dumping, CVD and Safeguard measures. It also provides trade defence support to our domestic industry and exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries.
  • DGTR provides a level playing field to the domestic industry against the adverse impact of the unfair trade practices like dumping and actionable subsidies from any exporting country, by using Trade Remedial methods under relevant framework of WTO arrangements, Customs Tariff Act & Rules and other relevant laws and International agreements, in a transparent and time bound manner.
  • It is a professionally integrated organisation with multi-spectrum skill sets emanating from officers drawn from different services and specialisations.

Why in news?

  • The Directorate General of Safeguards has been shifted to the commerce ministry as part of government’s plan to create a single authority for imposing trade remedies to protect the domestic industry.

DGS was, so far, working under the finance ministry.

 

 

Which is the only sanctuary in Asia for the conservation of Gangetic dolphins?

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Answer:

  • The Vikramshila Gangetic Dolphin Sanctuary is the only sanctuary in Asia for the conservation of Gangetic dolphins.

Enrich Your Learning:

Vikramshila Sanctuary:

  • Vikramshila Gangetic Dolphin Sanctuary is famous for Gangetic dolphins.
  • The Vikramshila Gangetic Dolphin Sanctuary was established to protect the endangered Gangatic dolphins.
  • This is the only sanctuary in Asia for the conservation of Gangetic dolphins.
  • Once found easily in Ganga, today only 1500 Gangetic dolphins are left in the world.
  • The half of them can be found at the Vikramshila Gangetic Dolphin Sanctuary, which is located in Bhagalpur district of Bihar in India.
  • The sanctuary is a 50km stretch of the river Ganga from Sultanganj to Kahalgaon.
  • Tourists will come across several species of freshwater turtles, waterfowl, otter and gharial on their visit to the sanctuary.

Threats:

  • Multiple dams and barriers disrupting free movement of the dolphins.
  • Pollution by fertilisers, pesticides and industrial and domestic effluents, which are responsible for the death of many fish and are likely to have a negative effect on dolphin population.
  • Killing of the animals for their meat or oil (used as catfish bait), and accidental entanglement in fishing nets.

 

 

On which committee’s recommendation, Bureau of Civil Aviation Security (BCAS) was set up?

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Answer:

  • The Bureau of Civil Aviation Security (BCAS) was initially set up as a Cell in the DGCA in January 1978 on the recommendation of the Pande Committee.

Enrich Your Learning:

Bureau of Civil Aviation Security (BCAS)

  • The BCAS was reorganized into an independent department under the Ministry of Civil Aviation on 1st April, 1987.
  • The main responsibilities of BCAS include laying down standards and measures with respect to security of civil flights at international and domestic airports in India.
  • BCAS Head quarter is located at “A” Wing, New Delhi.
  • The agency has eight regional offices, located at international airports i.e. Ahmedabad, Amritsar, Chennai, Delhi, Guwahati, Hyderabad, Kolkata and Mumbai.

Function:

  • Laying down Aviation Security Standards in accordance with Annex 17 to Chicago Convention of ICAO for airport operators, airlines operators, and their security agencies responsible for implementing AVSEC measures
  • Monitoring the implementation of security rules and regulations and carrying out survey of security needs.
  • Ensure that the persons implementing security controls are appropriately trained and possess all competencies required to perform their duties.
  • Planning and coordination of Aviation security matters.
  • Surprise/Dummy checks to test professional efficiency and alertness of security staff.
  • Mock exercise to test efficacy of Contingency Plans and operational preparedness of the various agencies.

 

 

Which scheme has been renamed as Pradhan Mantri Jan Vikas Karyakram?

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Answer:

  • The erstwhile Multi-sectoral Development Programme (MsDP) has been restructured and renamed as Pradhan Mantri Jan Vikas Karyakram for effective implementation.

Enrich Your Learning:

Pradhan Mantri Jan Vikas Karyakram:

  • Pradhan Mantri Jan Vikas Karyakram (PMJVK) seeks to provide better socio economic infrastructure facilities to the minority communities particularly in the field of education, health & skill development which would further lead to lessening of the gap between the national average and the minority communities with regard to backwardness parameters.
  • The restructured scheme is to be implemented by Ministry of minority affairs during the remaining period of the 14th Finance Commission i.e. March 31, 2020.

Beneficiaries of PMJVK:                   

  • At present 6 (six) communities namely Muslims, Sikhs, Christians, Buddhists, Zoroastrians (Parsis) and Jains have been notified as Minority Communities under Section 2 (c) of the National Commission for Minorities Act, 1992.
  • The Programme aims to address development deficits in the identified minority concentration areas.
  • The identification of minority concentration areas has been done on the basis of presence of substantial population of notified Minority Communities based on Census, 2011.
  • The inclusion of Minority Concentration District Headquarters along with the Minority Concentration Towns having population more than 25,000, Minority Concentration Blocks and Cluster of Villages as per Census, 2011 data, will extend the coverage of population of minority communities.

Special focus:

  • 80% of the resources under the PMJVK would be earmarked for projects related to education, health and skill development.
  • 33 to 40% of resources under the PMJVK would be specifically allocated for women centric projects.
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