Saturday 29 November 2014

Daily Updates - 29 November, 2014


Events of National & International Importance


PM flags off first train from Mendhipathar in Meghalaya to Guwahati; stresses upon development of North Eastern states-
1.       Development of infrastructure is a major issue for overall development of the country.
2.       The Prime Minister was speaking at the flagging off ceremony of the first train from Mendipathar in Meghalaya to Guwahati. 
3.       Mr Modi also laid foundation stone for new rail line from Bhairabi to Salrang in Mizoram.
4.       The Prime Minister said that government has decided to privatize railway stations to earn revenue. 
5.       The government has allowed 100 percent FDI in railways for better infrastructure. 
6.       He also announced that four Railways Universities will be set up in the country for specialized railway courses. 

7.       Proper connectivity with neighbouring countries would provide a better job opportunities for the youths of North-East. 

     Economic Development

RBI eases gold import norms
1.       The Reserve Bank has eased the restrictions on gold imports by scrapping the 80:20 scheme.
2.       Under which it was mandatory to export at least 20 per cent of the imported metal.
3.       The move is expected to bring down the price of the precious metal.
4.       The 80:20 schemes were put in place in August last year to curb high gold inflows that were widening the current account deficit.
5.       As per the latest trade data, gold imports jumped 280 per cent to 4.17 billion US dollars in October. 
6.       The in-bound shipments touched 95 tonnes in September this year as against 12 tonnes a year ago.
   
Neeti Aayog to replace Planning Commission
1.       After almost four months, the government has finally zeroed in on a shape and structure for the new body which will replace the five-decade old Planning Commission.
2.       According to a senior official, the new body will be called Neeti Aayog (Policy Commission). 
3.       It will be headed by a vice-chairman, not deputy chairman as was the case in the Commission. 
4.       The name of first vice-chairman is expected to be announced soon.
5.       Officials said the new body will comprise the office of Direct Benefit Transfer (DBT), Unique Identification Authority of India (UIDAI), the inter-state councils and Programme Evaluation.
6.       Each of the four departments will be headed by a secretary-level officer.

     Public Policy & Governance
MGNREGA may be the worst hit due to budget cuts
1.       The MGNREGA rural job programme and other social welfare schemess will take a significant hit due to the 15% budgetcut that the ministry of finance is believed to have proposed recently.
2.       A cut of Rs.3, 000 crore in the current MGNREGA budget is expected to affect about 5,000 daily-wage earners.
3.       The finance ministry announced the budget cut in order to meet the fiscal deficit of 4.5% of the fiscal year of 2013-1014.
4.       Tripura Chief Minister Manik Sarkar's has already demanded more funds for implementing MGNREGA in his state.
5.       The activists urged the government not to compromise the needs of the social sector in order to meet the targets of its new commitments.
6.       The bone of contention is the revised budget estimates of the current fiscal year.
7.       Over a hundred social organizations are converging in Delhi next month to drum up support for their demand to stop budget cuts.

     Environment & Ecology
Critically endangered Forest Owlet spotted in Western Ghats
1.       Researchers have found the critically endangered ‘Forest Owlet’ in the northern part of the Western Ghats, 100 km from Mumbai.
2.       The International Union for Conservation of Nature (IUCN) Red List has named this bird as the one facing a high risk of extinction. 
3.       Till now, Forest Owlet was known endemic to Satpuda mountain ranges in central India. Its discovery in the Western Ghats has brought new hope about its survival.
4.       For nearly 113 years, Forest Owlet was considered to be extinct, until researchers rediscovered it in 1997 in Toranmal Reserve Forest near Shahada in the Satpuda ranges in Nandurbar District, Maharashtra. 
5.       Later studies established its presence across Satpuda ranges from Piplod in Gujarat and Toranmal to Yawal and Melghat in Maharashtra and Kalibhit in Madhya Pradesh.


    Rights issue & Social Justice
    Caste survey: One in four Indians admit to practising 
1.       Sixty-four years after caste untouchability was abolished by the Constitution.
2.       More than a fourth of Indians say they continue to practise it in some form in their homes.
3.       Those who admit to practising untouchability belong to virtually every religious and caste group, including Muslims, Scheduled Castes and Scheduled Tribes.
4.       Going by respondents’ admissions, untouchability is the most widespread among Brahmins, followed by OBCs.
5.       Among religious communities, it is the most widespread among Hindus, Sikhs and Jains, shows the survey .
6.       Conducted in over 42,000 households across India by the National Council of Applied Economic Research (NCAER) and the University of Maryland, US.
1.       NCAER, established in 1956, is India’s oldest and largest independent, non-profit economic policy research institute.
2.       The results are part of the India Human Development Survey (IHDS-2) — the largest pan-Indian non-government household survey — carried out in 2011-12 for economic and social variables across multiple categories.
3.       The full results of the survey will be available in 2015.
      Editorial
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