Tuesday, 4 September 2018

Current Affairs 1 to 3 September 2018


1. Inland Waterways Authority of India (IWAI) is the statutory authority in charge of the waterways in India. Its headquarters is located in Noida, UP.
Ganga-Bhagirathi-Hooghly river system from Allahabad to Haldia was declared as National Waterway No.1. States covered under NW-1: are Uttar Pradesh, Bihar, Jharkhand, West Bengal.

payment banks

Payment banks are non-full service banks, whose main objective is to accelerate financial inclusion.
Minimum paid-up capital - Rs. 100 crore.

Features-

Accept deposits of up to Rs 1 lakh.
No lending.
Accept demand deposits.
Can issue ATM/debit cards but not credit cards.
Can carry out payments and remittance services through various channels.

BIMSTEC summit

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation

Fourth BIMSTEC summit was recently held in Nepal. 
The theme of the fourth BIMSTEC summit is ‘Towards a peaceful, prosperous and sustainable Bay of Bengal region’.

ESTABLISHED-  June 6, 1997, through the Bangkok Declaration.
Headquartered in Dhaka, Bangladesh.

Member countries - South Asia —
Bangladesh,
Bhutan,
India,
Nepal,
Sri Lanka

Southeast Asia - Myanmar and Thailand.

Uniform Civil Code

Article 44 of the Constitution says that there should be a Uniform Civil Code. According to this article, “The State shall endeavor to secure for the citizens a uniform civil code throughout the territory of India”. Since the Directive Principles are only guidelines, it is not mandatory to use them.

Official language of union:
Hindi written in Devanagari script is the Official Language of the Union.  The original constitution provided that for a period of 15 years from the commencement of the constitution, English will continue to be used for all official purposes of the Union.
The constitution has put all authority in the hands of the central government both for formulating and implementing the language policy.

It is also special responsibility of the centre to develop and spread the official language (Hindi) of the union (art. 351).

Kanthasth”
The department has developed a computer software called “Kanthasth” for translating the all kinds of official files from English to Hindi and vice versa to make the translation work simpler and quicker.

An E-learning platform called the “Pravah” also being developed by the department for use in 16 Indian languages including English. Anybody can learn Hindi through his mother tongue with the help of this E-learning platform.

Raxaul-Kathmandu railway line:
Between India and Nepal.
Exercise Kakadu: 2018 
held in Australia.

Conservation of Western Ghats

Western Ghats region is under serious stress. The region is one of the richest biodiversity areas which needed to be conserved.

Environment Ministry set up the Western Ghats Ecology Expert Panel under Gadgil. The panel was asked to make an assessment of the ecology and biodiversity of the Western Ghats and suggest measures to conserve, protect and rejuvenate the entire range that stretches to over 1500 km along the coast, with its footprints in Gujarat, Maharashtra, Goa, Karnataka, Kerala, and Tamil Nadu.

The committee proposed a Western Ghats Ecology Authority to regulate these activities in the area.

Important recommendations of Madhav Gadgil Committee:
1.Strict regulation of tourism.
2.No new railway lines or major roads in ESZ I and II areas.
3.No new mining licences in ESZ I and II area.
4.No new special economic zones or hill stations to be allowed.
5.Ban on the cultivation of genetically modified in the entire area.

None of the six concerned states agreed with the recommendations of the Gadgil Committee.

In August 2012, Kasturirangan to “examine” the Gadgil Committee report.

Public Credit Registry
RBI Deputy Governor Viral Acharya made a case for setting up a Public Credit Registry (PCR), incorporating unique identifiers: Aadhaar for individual borrowers and Corporate Identification Number for firms.

Purpose- reporting of loan details to the PCR by lenders and/or borrowers is mandated by law. 

The Reserve Bank of India (RBI) had formed a high-level task force on public credit registry (PCR) for India. The task force was chaired by Y M Deosthalee.

The task force has suggested the registry should capture all loan information and borrowers be able to access their own history. Data is to be made available to stakeholders such as banks, on a need-to-know basis. Data privacy will be protected.

ASEAN
Recently held in Singapore(15th ).

Next ASEAN-India Business Summit will be held in Kuala Lumpur, Malaysia, in November 2018 with the theme “Towards Building Strategic Partnership between ASEAN and India in the Era of the 4th IR and Digital Economy”.

It will be followed by the 4th India-ASEAN Dialogue Partner Expo and Summit scheduled for 21-23 February 2019, in New Delhi.

Issues related to promoting connectivity, collaboration on Small and Medium Enterprises (SME) development, blue economy, healthcare, and tourism as well as women and youth economic empowerment were discussed.


ASEAN
Founded- 1967 by the five South-East Asian nations of Indonesia, Malaysia, Philippines, Singapore and Thailand. 

The Association of Southeast Asian Nations is a political and economic organization aimed primarily at promoting economic growth and regional stability among its members.

Member states:10

Indonesia
Malaysia
Philippines
Singapore
Thailand
Brunei
Laos
Myanmar
Cambodia
Vietnam.

Krishna Kutir, Swadhar Greh scheme.
Union Ministry of Women and Child Development recently inaugurated widows’ home ‘Krishna Kutir’at Vrindavan in Mathura, Uttar PradeshThe construction of the home was funded by Central Government and it will be managed by the Uttar Pradesh Government.

Krishna Kutir is a special home for 1000 widows set under Swadhar Greh scheme and is the largest ever facility of its kind created by government organization.
The Swadhar scheme was launched by the Union Ministry of Women and Child Development in 2002 for rehabilitation of women in difficult circumstances.
The scheme provides shelter, food, clothing and care to the marginalized women/girls who are in need.

East Asia Summit

6th East Asia Summit- Economic Ministers’ Meeting (EAS-EMM) was recently held in Singapore.

held annually 

Membership expanded to 18 countries including the United States and Russia at the Sixth EAS in 2011.

The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.
EAS is an initiative of ASEAN and is based on the premise of the centrality of ASEAN.

EAS has evolved as a forum for strategic dialogue and cooperation on political, security and economic issues of common regional concern and plays an important role in the regional architecture.

six priority areas of regional cooperation 
Environment and Energy
Education
Finance
Global Health Issues and Pandemic Diseases
Natural Disaster Management
ASEAN Connectivity

 India endorses regional collaboration in all six priority areas.

Background-
The concept of an East Asia Grouping was first promoted in 1991 by the then Malaysian Prime Minister, Mahathir bin Mohamad
Exercise Rapid Trident:
annual, multinational exercise that serves as the validation for Ukraine’s Ministry of Defence unit.

2018- Ukraine

Note-
1.     Mauritius was the top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore.

2.     Fourth IAvC was recently held in Leiden, Netherlands. It was jointly organized by International Maharishi Ayurveda Foundation, Netherlands; All India Ayurvedic Congress, New Delhi and International Academy of Ayurveda, Pune in association with Indian Embassy in Netherlands.

3.     France has banned the use of smartphones in schools.

4.     The Maralal Camel Derby is an annual event, held midyear just outside of Maralal town. This is Kenya’s best known and most prestigious camel race, attracting both local and international competitors. The event is a major draw for spectators as well as racers. 2018 – Kenya.

5.     Pakal Dul and Lower Kalnai hydropower projects:- Chenab river.








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