· Justice Kalpesh Satyendra Jhaveri sworn in as the Chief Justice
of the Orissa High Court.
Note- Article 153 to 167 (Part 6th of
Constitution deals with State executive.)
At present there are 24 High Court in the country.
Chief Justice of High Court is appointed by President of
India, Governor administered the oath of office to the Chief
Justice of High Court.
Sedition
According
to Article 19(1)(a) of the Indian Constitution
Every citizen has been given freedom to speak and express their views. This
freedom is not absolute and some reasonable restrictions have been imposed on
freedom of speech and expression under Article 19(2).
It comes under section 124-A of Indian
Penal Code, 1860.
Sedition is considered an offence that
criminalizes speech that is regarded to be disloyal to or threatening to the
state.
‘Sedition’ means “conduct or speech which
results in mutiny against the authority of the state”.
Sedition was drafted by Thomas Macaulay and
introduced in 1870.
Note- Kadem dam is in
Telangana State.
Vikram Sarabhai
He Was the first
ISRO chief and renowned cosmic ray scientist,
was born on August 12, 1919.
INSV Tarini
This is the first ever
Indian circumnavigation of the globe by an all women crew.
Titled Navika Sagar Parikrama, the voyage began
from Goa in the first week of
September last year and culminated
in May this year.During the 254 daylong
voyage, the six officers covered about 22,000 nautical
miles, visiting five
countries — Australia, New Zealand, Falkland Islands (U.K.),
South Africa and Mauritius.
Note - Somnath Chatterjee was former speaker of lok sabha
passed away.
PM of Sri Lanka
is Ranil Wickremesinghe.
Sir Vidiadhar Surajprasad Naipaul
Born - 17 August 1932
Chaguanas, British Trinidad and Tobago
Notable awards- Booker prize
1971 , Nobel prize 2001.
His first
novel, The Mystic Masseur (1957), Other Novels - A House for Mr.
Biswas (1961), The Middle Passage (1962), An Area of Darkness. Mr. Naipaul’s novel A
Bend in the River ( (1979) centres on
an Indian from East Africa in
an unnamed, newly independent African nation.
Currency
Currency comes from
currentis which means movable.
What is devaluation?
Devaluation is a policy tool to decrease the value of a
currency, in compare to other
currencies, in a fixed
exchange rate. It is used to set
the relative prices of domestic and international goods
and services at a new footing.
Devaluation is different from
depreciation, which is a decrease
in the currency’s value
due to market forces of demand
and supply when the
exchange rate of the currency is floating.
Note -India devalued the rupee in 1966 after its wars, and
in 1991 after a BoP crisis.
Does devaluation help?
■ Governments may resort
to devaluation for any one of
three major reasons: To
boost exports. The lowered
value of the domestic currency
will make it less expensive for foreign buyers (holding
the currency whose value has
become relatively stronger)
to obtain the local currency
to buy locally produced goods or services.
What is a currency war?
■ Currency wars are triggered
when nations either allow
their currencies to weaken appreciably or devalue
them to gain a competitive
advantage over trade rivals. If other countries
react by devaluing their respective
currencies to retain competitiveness,
this could lead to instability in markets.
