28 September Current Affairs
September 28, 2019
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October 1, 2019
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30 September Current Affairs

SASTRA Ramanujan prize for 2019

In News:

The SASTRA Ramanujan prize for 2019 will be awarded to mathematician Adam Harper, Assistant Professor with the University of Warwick, England for several outstanding contributions to analytic and probabilistic number theory.

About:

The prize was instituted in: 2005.

Every year, this prize is awarded by SASTRA University on its campus near Kumbakonam in Tamil Nadu, on Ramanujan’s birth anniversary, December 22.

The prize is conferred annually on mathematicians from across the world who are less than 32 years of age, working in an area influenced by the Srinivasa Ramanujan. The age limit is 32 years to commemorate the fact that Ramanujan accomplished a phenomenal body of work in this short span.

Cash prize: It carries a citation and an award of $10,000

Importance: The SASTRA-Ramanujan Award has gained global repute ever since it was instituted as four mathematicians , including Manjul Bhargava and Akshay Venkatesh, who were awarded this prize have gone on to win the Fields Medal later.

Habeas Corpus Cases

In News:

The J&K High Court is witnessing a growing number habeas corpus cases in the wake of the crackdown that began in August 2019 in Kashmir valley. Only 15 and 26 habeas corpus cases were filed before the court in June and July, respectively. The number shot up to 120 in August and about 115 in the first three weeks of September.

About:

Right to Constitutional Remedies: The Indian Constitution empowers the Supreme Court to issue writs for enforcement of any of the fundamental rights conferred by Part III of Indian Constitution under Article 32. Thus the power to issue writs is primarily a provision made to make available the Right to Constitutional Remedies to every citizen.

There are five types of Writs: Habeas Corpus, Mandamus, Prohibition, Certiorari and Quo warranto.

Habeas Corpus: “Habeas Corpus” is a Latin term which literally means “you may have the body.” The writ is issued to produce a person who has been detained , whether in prison or in private custody, before a court and to release him if such detention is found illegal.

Current Liquidity Management Framework

In News:

An internal working group, formed by the RBI to review the current liquidity management framework with a view to simplifying it has submitted its report.

Recommendations made:

Guiding principles for an effective liquidity management framework should be: the liquidity framework should be guided by the objective of maintaining the call money rate close to the policy rate; it should be consistent with the policy rate; and it should not undermine the price discovery in the inter-bank money market.

The current liquidity management framework should largely continue in its present form- a corridor system with the call money rate as the target rate.

The framework should be flexible. While the corridor system would normally require the system liquidity to be in a small deficit, if financial conditions warrant a situation of liquidity surplus, the framework should be adaptable.

Minimizing the number of operations should be an efficiency goal of the liquidity framework. Consequently, there should be ideally one single overnight variable rate operation in a day.

The current provision of assured liquidity – up to 1% of NDTL – is no longer necessary since the proposed liquidity framework would entirely meet the system’s liquidity needs.

Build-up of a large deficit or surplus should be offset through appropriate durable liquidity operations.

Section 35A of the Banking Regulation Act, 1949

In News:

The Reserve Bank of India (RBI) has placed several restrictions on Mumbai-based Punjab and Maharashtra Cooperative (PMC) Bank for six months.

Restrictions imposed:

The bank cannot issue loans or open any fixed deposit accounts until February 2020.

RBI has imposed the directions under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949.

Section 35A of the Banking Regulation Act:

The Banking Regulation Act legislated in the year 1949 comprises a set of rules which govern the banking sector in India. The act vests powers in the RBI to grant licenses to banks as well as work as a banking regulator in India.

Section 35A of the Banking Regulation Act, 1949 vests power in the RBI to give directions to banks and can take action, “to prevent the affairs of any banking company being conducted in a manner detrimental to the interests of the depositors or in a manner prejudicial to the interests of the banking company”.

The RBI under the act can also impose restrictions on banks to ensure better governance and control.

Meanwhile, Section 56 of the act is applicable to cooperative societies.

KAZIND-2019

In News:

Joint Military Exercise KAZIND-2019 between India and Kazakhstan will be conducted at Pithoragarh, Uttarakhand from 02 to 15 October 2019.

About:

Exercise KAZIND-2019 is the fourth edition of an annual event which is conducted alternatively in Kazakhstan and India.

The exercise will comprise of nearly 100 soldiers from both Indian and Kazakhstan Army who would be sharing their experience gained during conduct of various counter insurgency and counter terrorism operations in the past.

The aim of this exercise is to enhance the level of defence cooperation further fostering bilateral relations between the two nations.

10 Year Rural Sanitation Strategy (2019-2029)

In News:

The Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti, GoI launched the 10 Year Rural Sanitation Strategy (2019-2029).

About:

This strategy has been prepared by Department of Drinking Water and Sanitation (DDWS), Ministry of Jal Shakti, in consultation with State Governments and other stakeholders.

The strategy focuses on sustaining the sanitation behaviour change that has been achieved under the Swachh Bharat Mission Grameen (SBM-G) through capacity strengthening, IEC (Information, education and communication), organic waste management, plastic waste management, grey water management and black water management.

It lays down a framework to guide local governments, policy makers, implementers and other relevant stakeholders in their planning for Open Defecation Free (ODF) Plus, where everyone uses a toilet, and every village has access to solid and liquid waste management.

Stop The Spread Of Fake News Online

In News:

20 countries, including France, Britain and India, have signed an agreement at the United Nations (UN) to stop the spread of fake news online.

About:

The signatories committed to promoting independently reported, diverse and reliable information on the internet under an accord initiated by Reporters Without Borders (RSF), a press freedom watchdog.

The agreement underlined the responsibility of internet providers to promote trustworthy content and pluralism to escape the current information chaos.

INS ‘Nilgiri’

In News:

Raksha Mantri Rajnath Singh launched Navy’s first new stealth frigate, INS ‘Nilgiri’, at Mazagon Dock Shipbuilders Limited in Mumbai.

About: 

INS ‘Nilgiri’ is the first of the Navy’s seven new stealth frigates under Project 17A.

Project 17A frigates is a design derivative of the Shivalik class stealth frigates with much more advanced stealth features and indigenous weapons and sensors.

Industry 4.0

In News:

A Pilot Project for ushering in ‘Industry 4.0’ in the country, has been launched for implementation at the Modern Coach Factory (MCF), Raebareli.

About:

The project would be undertaken under the aegis of “Technology Mission for Indian Railways” (TMIR).

It would be implemented by a consortium of Ministry of Railways, Ministry of Human Resource Development and Ministry of Science & Technology.

It would be implemented on an investment sharing model for taking up identified railway projects for applied research and use on Indian Railways for advancement and modernization.

Full transition to the digital factory using ‘Industry 4.0’ across entire value chain from design to production will help enhance productivity.

Interdisciplinary Cyber Physical Systems (ICPS)

In News:

Secretary of Department of Science & Technology (DST) said that his department has recently launched a new programme “Interdisciplinary Cyber Physical Systems (ICPS).”

About:

A Cyber Physical System (CPS) is a mechanism controlled or monitored by computer-based algorithms, tightly integrated with internet and its users.

Programme Objectives: Adoption of Cyber Physical Systems (CPS) to address India specific issues; accelerate entrepreneurship and start-up ecosystem development in CPS,

States/districts covered: ICPS is a Pan India programme that covers entire Central Ministries, State Governments, Industry and Academia.

Implemented by: Department of Science &Technology.

Implementation period: 5 years.

Tripura High Court order

In News:

The Tripura High Court has ordered to ban the centuries-old tradition of animals sacrifice in religious places across the state.

Judgement:

The High Court said that no person including the state shall be allowed to sacrifice of any animal or bird within the precincts of any one of the temples within the state of Tripura. The order has to be implemented with immediate effect.

The court also suggested that the Government can earmark land for an opening shelter home for rearing the livestock.

The ban has been imposed on a PIL filed by former District Judge who raised a concern about animal sacrifice in religious places including Tripura Sundari and Chaturdash Devta temples.

Pandit Deen Dayal Upadhyaya

In News:

Nation paid homage to Pandit Deen Dayal Upadhyaya on his birth anniversary.

About:

Deendayal Upadhyaya (1916 – 1968) was an Indian thinker and former leader of the political party Bharatiya Jana Sangh, the forerunner of Bharatiya Janata Party. He became president of the Jana Sangh in 1967.

Integral humanism was a set of concepts drafted by Upadhyaya as political program and adopted in 1965 as the official doctrine of the Jan Sangh.

Since 2016 the NDA government has named several public institutions after him.

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