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June 6, 2018
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June 8, 2018
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7th June Current Affairs

Atal Bhujal Yojana (ABHY)

In News:

The World Bank has approved Atal Bhujal Yojana (ABHY). The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance.

About Atal Bhujal Yojana:

It is a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme aims to improve ground water management in priority areas in the country through community participation.

Priority areas:

The priority areas identified under the scheme fall in the states of Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. These States represent about 25% of the total number of over-exploited, critical and semi-critical blocks in terms of ground water in India. They also cover two major types of groundwater systems found in India – alluvial and hard rock aquifers- and have varying degrees of institutional readiness and experience in groundwater management.

Implementation of the scheme:

Funds under the scheme will be provided to the states for strengthening the institutions responsible for ground water governance, as well as for encouraging community involvement for improving ground water management to foster behavioural changes that promote conservation and efficient use of water. The scheme will also facilitate convergence of ongoing Government schemes in the states by incentivizing their focussed implementation in identified priority areas.

Expected outcomes:

The implementation of the scheme is expected to have several positive outcomes like better understanding of the ground water regime, focused and integrated community based approach for addressing issues related to ground water depletion, sustainable ground water management through convergence of on-going and new schemes, adoption of efficient water use practices to reduce ground water use for irrigation and augmentation of ground water resources in targeted areas.

Status of groundwater in India:

Central Ground Water Authority (CGWA) is regulating ground water development in 23 States/UTs. As per the assessment of dynamic ground water resources of country carried out jointly by CGWB and State Ground Water Departments, out of the total 6584 numbers of assessment units (Block/ Taluks/ Mandals/ watershed/ Firkka), 1034 units have been categorized as ‘Over-exploited’. This may be due to increase in population, rapid urbanization & industrialization and other related factors.

Source: PIB

Public credit registry

In News:

To provide a single-point and real-time source for financial liabilities of a person or entity, the Reserve Bank of India has decided to set up a public credit registry (PCR) in a modular and phased manner. The decision is based on the report of RBI appointed task force led by YM Deosthalee.

What is a PCR?

The PCR will be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower. The PCR will serve as a registry of all credit contracts, duly verified by reporting institutions, for all lending in India and any lending by an Indian institution to a company incorporated in India.

Need for a public registry:

Credit information is spread over multiple systems in bits and pieces, making it difficult to get a comprehensive view of the financial liabilities of a person or entity. A PCR aims to remove information asymmetry to foster the level of access to credit, and to strengthen the credit culture in the economy.

Also, a comprehensive credit information repository covering all types of credit facilities (funded and non-funded) extended by all credit institutions – commercial banks, cooperative banks, NBFCs, MFIs – and also covering borrowings from other sources, including external commercial borrowings and borrowing from market, is essential to ascertain the total indebtedness of a legal or natural person.

Benefits of having a PCR:

A PCR can potentially help banks in credit assessment and pricing of credit as well as in making risk-based, dynamic and counter-cyclical provisioning.

The PCR can also help the RBI in understanding if transmission of monetary policy is working, and if not, where are the bottlenecks.

Further, it can help supervisors, regulators and banks in early intervention and effective restructuring of stressed bank credits.

A PCR will also help banks and regulators as credit information is a ‘public good’ and its utility is to the credit market at large and to society in general.

Recommendations made by the task force:

The PCR should be structured as an independent unit within the RBI so that it may be hived off to a separate non-profit at an appropriate time. It should eventually achieve an autonomy and agility to move with the evolving environment and cater to the changing demands.

The registry should facilitate linkage to related ancillary credit information available outside the banking system, such as corporate balance sheet information and GSTN, depending on the legal provisions.

The registry should not include elements of judgment such as credit scoring services and had also called for strict privacy guidelines.

Present status:

Currently, there are multiple granular credit information repositories in India, each with distinct objective and coverage. Within the RBI, CRILC is a borrower-level supervisory dataset with a threshold in aggregate exposure of Rs 5 crore. Also, there are four privately-owned credit information companies (CICs) in India.

The RBI has mandated all its regulated entity to submit credit information individually to all four CICs. CICs offer, based on this unique access to the credit data, value added services like credit scoring and analytics to the member credit institutions and to the borrowers.

Source: The Hindu

Global Peace Index 2018

In News:

Australia-based Institute for Economics and Peace (IEP), world’s leading think tank that develops metrics to analyse peace and quantify its economic value, has released the 12th edition of the Global Peace Index (GPI), or measure of global peacefulness.

Performance of India:

India has moved up four places to the 137th rank among 163 countries. The improvement is due to a reduction in the level of violent crime driven by increased law enforcement. India was ranked 141 last year.

India was also among the countries with the biggest decreases in the number of deaths, along with Sri Lanka, Chad, Colombia, and Uganda.

Global performance:

Iceland remains the most peaceful country in the world, a position it has held since 2008. New Zealand, Austria, Portugal and Denmark also sit in the top five most peaceful rankings.

Syria remains the least peaceful country in the world, a position it has held for the past five years. Afghanistan, South Sudan, Iraq and Somalia comprise the remaining least peaceful countries.

State of world peace:

Amid continuing social and political turmoil, the world continues to spend enormous resources on creating and containing violence but very little on peace.

The countries that displayed the most significant growth in heavy weapons capabilities over the last 30 years are primarily in unstable regions where there are high tensions with neighbouring countries. These include Egypt, India, Iran, Pakistan, South Korea, and Syria.

Overall, the global level of peace has deteriorated by 0.27% in the last year, marking the fourth successive year of deteriorations. Ninety-two countries deteriorated, while 71 countries improved.

The four most peaceful regions – Europe, North America, Asia-Pacific, and South America – all recorded deteriorations, with the largest overall deterioration occurring in South America, owing to falls in the safety and security domain, mainly due to increases in the incarceration rate and impact of terrorism.

Source: The Hindu

Small finance banks

In News:

The Reserve Bank of India has decided to allow urban co-operative banks (UCB) to convert into small finance banks (SFB), a move aimed at bringing these entities into mainstream banking. It has been decided to allow voluntary transition of UCBs meeting the prescribed criteria into SFBs.

Significance of this move:

UCBs currently face regulation by both the RBI and the respective State governments. By turning into SFBs, they will be regulated only by the RBI.

What are small finance banks?

The small finance bank will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

What they can do?

  • Take small deposits and disburse loans.
  • Distribute mutual funds, insurance products and other simple third-party financial products.
  • Lend 75% of their total adjusted net bank credit to priority sector.
  • Maximum loan size would be 10% of capital funds to single borrower, 15% to a group.
  • Minimum 50% of loans should be up to 25 lakhs.

What they cannot do?

  • Lend to big corporates and groups.
  • Cannot open branches with prior RBI approval for first five years.
  • Other financial activities of the promoter must not mingle with the bank.
  • It cannot set up subsidiaries to undertake non-banking financial services activities.
  • Cannot be a business correspondent of any bank.

The guidelines they need to follow:

  • Promoter must contribute minimum 40% equity capital and should be brought down to 30% in 10 years.
  • Minimum paid-up capital would be Rs 100 cr.
  • Capital adequacy ratio should be 15% of risk weighted assets, Tier-I should be 7.5%.
  • Foreign shareholding capped at 74% of paid capital, FPIs cannot hold more than 24%.
  • Priority sector lending requirement of 75% of total adjusted net bank credit.
  • 50% of loans must be up to Rs 25 lakh.

Source: The Hindu

Cooperation in the peaceful uses of outer space

In News:

The Union Cabinet was recently apprised of a Memorandum of Understanding (MoU) signed between India represented by the Indian Space Research Organization (ISRO) and Oman represented by the Ministry of Transport and Communications on Cooperation in the peaceful uses of outer space, in February, 2018 at Muscat (Oman’s port capital).

Details:

This MoU shall enable the following areas of cooperation such as, space science, technology and applications including remote sensing of the earth; satellite based navigation; Space science and planetary exploration; use of spacecraft and space systems and ground system; and application of space technology.

Value addition for Prelims and Mains- Treaty on Outer space:

Space exploration is governed by a complex series of international treaties and agreements which have been in place for years. The first and probably most important of them is the Outer Space Treaty.

The treaty was initially signed by the United States of America, the United Kingdom and the Soviet Union on January 27, 1967 and it came into effect from October 10, 1967. The treaty was initially called ‘Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and other Celestial bodies.

Treaty Terms:

The treaty forbids countries from deploying “nuclear weapons or any other kinds of weapons of mass destruction” in outer space. The term “weapons of mass destruction” is not defined, but it is commonly understood to include nuclear, chemical, and biological weapons. The treaty, however, does not prohibit the launching of ballistic missiles, which could be armed with WMD warheads, through space.

The treaty’s key arms control provisions are in Article IV. States-parties commit not to:

  • Place in orbit around the Earth or other celestial bodies any nuclear weapons or objects carrying WMD.
  • Install WMD on celestial bodies or station WMD in outer space in any other manner.
  • Establish military bases or installations, test “any type of weapons,” or conduct military exercises on the moon and other celestial bodies.

Source: PIB

Polar Satellite Launch Vehicle

In News:

In a big boost to the country’s space programme, the Union Cabinet has given the financial approval of Rs 10,911 crore for the launch of 30 PSLV and 10 GSLV Mk III rockets in the next four years.

About PSLV:

PSLV has emerged as a versatile launch vehicle to carry out Sun-Synchronous Polar Orbit (SSPO), Geo-synchronous Transfer Orbit (GTO) and low inclination Low Earth Orbit (LEO) missions.

It is the first Indian launch vehicle to be equipped with liquid stages.

With the recent successful launch of PSLV-C41, PSLV has completed three developmental and forty three operational flights and the last forty one flights have been successful.

Significance of PSLV:

The operationalisation of PSLV has made the country self-reliant in the launching capability of satellites for earth observation, disaster management, navigation and space sciences. The PSLV Continuation programme will sustain this capability and self-reliance in the launching of similar satellites for national requirements.

About GSLV Mk III rockets:

GSLV Mk III is a three-stage heavy lift launch vehicle developed by ISRO. The vehicle has two solid strap-ons, a core liquid booster and a cryogenic upper stage.

GSLV Mk III is designed to carry 4 ton class of satellites into Geosynchronous Transfer Orbit (GTO) or about 10 tons to Low Earth Orbit (LEO), which is about twice the capability of GSLV Mk II.

This is India’s first fully functional rocket to be tested with a cryogenic engine that uses liquid propellants — liquid oxygen and liquid hydrogen.

Source: PIB

Inter-Linking of Rivers

In News:

The Union Cabinet was recently apprised of the progress report of Special Committee for Inter-Linking of Rivers.

Background:

The progress report on interlinking of rivers has been submitted to the Cabinet in compliance of the Hon’ble Supreme Court judgement. The court had directed the Union Government of India to constitute a Special Committee for Interlinking of Rivers.

Need for interlinking of rivers:

The interlinking project aims to link India’s rivers by a network of reservoirs and canals that will allow for their water capacities to be shared and redistributed. According to some experts, this is an engineered panacea that will reduce persistent floods in some parts and water shortages in other parts besides facilitating the generation of hydroelectricity for an increasingly power hungry country.

Benefits associated:

Redistribution: India receives most of its rain during monsoon season from June to September, most of it falls in northern and eastern part of India, the amount of rainfall in southern and western part are comparatively low. It will be these places which will have shortage of water. Interlinking of rivers will help these areas to have water throughout the year.

Boost to agriculture: The main occupation of rural India is agriculture and if monsoon fails in a year, then agricultural activities come to a standstill and this will aggravate rural poverty. Interlinking of rivers will be a practical solution for this problem, because the water can be stored or water can be transferred from water surplus area to deficit.

Disaster mitigation: The Ganga Basin, Brahmaputra basin sees floods almost every year. In order to avoid this, the water from these areas has to be diverted to other areas where there is scarcity of water. This can be achieved by linking the rivers. There is a two way advantage with this – floods will be controlled and scarcity of water will be reduced.

Transportation: Interlinking of rivers will also have commercial importance on a longer run. This can be used as inland waterways and which helps in faster movement of goods from one place to other.

Employment generation: Interlinking also creates a new occupation for people living in and around these canals and it can be the main areas of fishing in India.

Concerns associated:

Interlinking of rivers will cause huge amount of distortion in the existing environment. In order to create canals and reservoirs, there will be mass deforestation. This will have impact on rains and in turn affect the whole cycle of life.

Usually rivers change their course and direction in about 100 years and if this happens after interlinking, then the project will not be feasible for a longer run.

Due to interlinking of rivers, there will be decrease in the amount of fresh water entering seas and this will cause a serious threat to the marine life system and will be a major ecological disaster.

Due to the creation of Canals and Reservoirs, huge amount of area which is occupied by the people will be submerged leading to displacement of people and government will have to spend more to rehabilitate these people.

The amount required for these projects is so huge that government will have to take loans from the foreign sources which would increase the burden on the government and country will fall in a debt trap.

Source: PIB

IND-INDO CORPAT

  • The opening ceremony of IND-INDO CORPAT was earlier conducted at Port Blair followed by co-ordinated patrol (CORPAT).
  • The India- Indonesia Coordinated Patrol (IND-INDO CORPAT) commenced in 2002 and 25 cycles of the CORPAT (two per year) have been conducted so far.
  • For undertaking these patrols, one ship and one fixed wing aircraft from each country is deployed.
  • Indian Naval assets have been increasingly deployed in recent times to address the main maritime concerns of the region.
  • In addition, as part of the Indian Government’s vision of SAGAR (Security and Growth for All in the Region), the Indian Navy has also been involved in assisting countries in the Indian Ocean Region with EEZ surveillance, Search and Rescue, HADR and other capacity-building and capability-enhancement activities.

Peace dividend

  • The term refers to the economic benefit received by the citizens of a country when the government redirects spending from military to civilian purposes.
  • For instance, countries that took part in World War II witnessed an economic boom after the war ended.
  • Soldiers returned to work in the more peaceful sectors of the economy.
  • Resources that were earlier allocated towards war efforts now became available for civilian uses, thus improving living standards.
  • The reduction of taxes, which were earlier used to fund the military, also increased the incentive to work.

The Buddhas of Bamiyan

  • The Bamiyan valley is enclosed by the Hindu Kush Mountains, which is located in Afghanistan.
  • The valley lies on the ancient Silk Route and hence, witnessed several developments.
  • It was an important hub for trade and served as the site for early Hindu-Buddhist settlements from which it takes its name.
  • Several Buddhist monasteries, caves and Buddha statues can be found across the valley.
  • The Cultural Landscape and Archaeological Remains of the Bamiyan Valley comprise eight separate sites spread across the valley and its tributaries.
  • Of these, the Bamiyan cliffs where once two giant Buddhas stood are the most famous.
  • The valley is a UNESCO world heritage site.

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  163. One of the more popular leisure time activities worldwide is outdoor camping. There may be nothing at all quite like heading out to the fantastic outside to essentially really feel associated with nature. If you are contemplating moving camping outdoors, use the following advice to create your upcoming outdoor camping getaway more fun and pleasant. Probably the most significant parts of your outdoor camping equipment is the tent. The tent you purchase need to meet your requirements and the size of your camping bash. If you have young kids, it is likely you desire to buy a big tent to enable them to rest within the exact same tent together with you. When your youngsters are aged, purchase them their very own tent hence they don’t need to bunk with the men and women. If you are camping outdoors, essential for your personal gear can be a survival blade. This is a vital part of your camping out items. Purchase a high quality emergency knife, not only the cheapest you can find, your way of life may rely on it. These cutlery are all very very similar these people have a long blade serrated on a single area along with a hollow handle. In the take care of you can carry fishing series, hooks, a compass, and fits as being a tiny surviving system. While you have this perspective of any entertaining-loaded camping outdoors vacation, many times scratches and slices just often include everything enjoyable. Ensure you take a very first-aid system along into nature due to the fact crashes just occur, and it’s generally easier to be safe than sorry. Ideally, it will keep loaded safely apart, but you will get the peace of mind you are well prepared if anything does come about. Be sure that you know simple first-aid prior to going out on a camping getaway. You will be prepared for any mishaps which may take place and will live until you attain specialist medical care. Be sure you do detailed analysis way too. Look into snake kinds, toxic plants, spiders, pests, and other pets. Camping is a straightforward delight in life for those that fully grasp the proper way to undertake it. You ought to build on your understanding basic of outdoor camping by carrying out suitable investigation. You will be keen on the delights of camping out in no time in any way with these exceptional ideas available.

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  165. Going the outdone course for any outdoor camping journey can be fun and exciting, however it needs some elementary expertise and prep to help keep you safe and comfortable. Every one of the suggestions given may be used if you plan to go camping out. When going outdoor camping, ensure that you bring the proper slumbering bag along. Some sleeping totes will never keep you cozy once the temperatures dips listed below 40 qualifications, while others will have you sweating all night long extended since they are as well hot. The content label on the bag typically will show you what sorts of temperatures are appropriate for every getting to sleep bag. Do a good amount of research on your own camping outdoors web site and be sure which it offers anything that your class will be needing. Look at the individual requires of every camper to ensure that most people are cared for. This alleviates the requirement to make source works, or worst case, must finish the journey too soon. You may think that you can locate all the hardwood that you have to keep your fire proceeding, however, there is a high probability how the wood is going to be moist. It really is good planning to acquire your personal timber together with you and shop it where by it is free of moisture. Individuals major, multi-colored plastic-type material storage space bins make outstanding spots to store and arrange all of your current camping items. Whilst in the home, keep it in a wardrobe or even the garage and correct before you leave for your camping outdoors journey, put it in the trunk. It ought to keep every thing oxygen-limited, dried up and easily accessible. As you can tell, there are numerous things involved in creating a camping journey a successful encounter. Even when you are a seasoned camper, it is possible to still use some bits of advice to further improve your outdoor fun. Use the things you have learned right now, and you are certain to possess a greater camping outdoors journey the future!

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  167. Dawn Gere says:

    Put together to understand a lot about camping outdoors! A camping out journey is a good opportunity to discuss an adventure together with your family or friends. Since you absolutely desire to maximize your camping encounter, read on for a number of ideas. Plan accordingly in relation to foods. This is a hassle to help make space in your auto for all the food items you want. Even so, proper nutrition is vital if you are in the woods. Also, things that are relatively affordable within your nearby retail store often have a better price close to outdoor camping internet sites. Bringing adequate food implies that you are going to save money and maintain every person within your household in the very good feeling. Check with family or friends who are camping out along with regard to their feedback on your own camping spot. Use a conversation about in which you need to go. There are numerous alternatives throughout the us that it could make it tough to choose just one single. Make a list of your respective preferred and permit the household to vote. Figure out your new equipment prior to going camping outdoors. The training does really aid. Nobody wants to get to the campground, only to discover that they can don’t understand how to use something or put in place their particular tent. Exercise along with your new items prior to deciding to possibly set up ft . on the campground. Consider only photos leaving only footprints. That is the rule of thumb when camping. Only use natural solutions that you need and do not depart any remnants that you simply were camping out if you depart. Grab all trash can, extinguish and deal with any fire pits, bury all human being waste, and then make the region that you camped look exactly as it did whenever you thought it was. Outdoor camping is a good expertise that you can get involved in. As we discussed, camping is a good journey that could be exciting and fun for the complete loved ones. In the event you make use of the following tips, it will be possible to make sure an effective venture that your total household likes.

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  169. Camping outdoors is actually a entertaining activity that you can do. It’s just you together with the truly amazing in the open air, enabling you to totally appreciate mother nature. Just before going out into the wild, it is essential to know exactly what you’ll should provide. There are a few valuable camping out suggestions in the following article, so be keeping an eye out on their behalf. When packing for your camping out journey, usually do not neglect recliners and a stereo. Among the finest elements of outdoor camping is sitting throughout the campfire. You can take a seat on a well used log, why bother when you are able package recliners and become secure. The radio is made for amusement seated round the fire. A much better strategy is usually to take your instrument to get a sing alongside. An incredible item to put in your camping outdoors backpack when proceeding inside the back region is a Ziploc travelling bag filled with dryer lint. There is absolutely no far better flame beginning substance than dryer lint. It can carry a ignite and get your fire heading efficiently and quickly. Dryer lint requires virtually no area with your load and is also extremely very light. When packaging to your camping outdoors journey, make sure to load possibly some change flops or water shoes. These will come in convenient in and round the camping area. For instance, in case you are vacationing in a campground which has toilet establishments and you intend on showering, you need to use boots within the bath to guard your toes from ft . fungus. When you have a child, pack a blanket. You may lay it out on a lawn and employ it as being a makeshift play location. Provide autos, dolls, or what ever items your kids is into. They may play without the need of acquiring as well messy and you may teach them that they have to continue to keep their toys about the cover for safekeeping. This will help to maintain points from getting way too spread out. When you are heading out for your very long anticipated camping outdoors vacation, don’t neglect to adopt coupled your cellular phone. You may well be inclined to keep all of the sending text messages and cell phone calls powering, yet your cellphone can be one of your most essential security lifelines in the case of a crisis. Make sure it is completely charged and keep it protected from the elements in the plastic-type handbag or water resistant circumstance. The variety of people that take pleasure in outdoor camping is interestingly diverse. The normal link that connects all skilled, experienced campers could be the sophisticated level of knowledge on the subject. Heed the recommendations inside the part above, and you could sign up for the stands of expert campers who find the encounter to become between the most effective in the world.

  170. Kent Bajko says:

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