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Current Affairs for SSC CGL Exams - 01 January 2019

::NATIONAL::

Nagaland declared disturbed area for 6 more months

• The entire State of Nagaland has been declared ‘disturbed area’ for six more months, till June-end, under the controversial AFSPA, which empowers security forces to conduct operations anywhere and arrest anyone without any prior notice.

• In a notification, the Home Ministry said the Central government is of the opinion that the area comprising the whole of State of Nagaland is in such a disturbed and dangerous condition that the use of armed forces in aid of civilian power is necessary.

• A Home Ministry official said the decision has been taken as killings, loot and extortion have been going on in various parts of the State which necessitated the action. There have been demands from various organisations in the Northeast as well as in Jammu and Kashmir for repealing the controversial AFSPA, which, they say, gives ‘sweeping powers’ to security forces.

• The AFSPA has been in force in Nagaland for several decades. It has not been withdrawn even after a framework agreement was signed on August 3, 2015, by the Naga insurgent group NSCN-IM general secretary ThuingalengMuivah and government interlocutor R.N. Ravi in the presence of Prime Minister NarendraModi.

::ECONOMY::

RBI claims NPA ratios have improved

• The gross non-performing asset ratio (GNPA) of commercial banks improved to 10.8% in September from 11.5% in March and is set to improve further to 10.3%, the Reserve Bank of India (RBI) said in its Financial Stability Report on Monday.

• GNPAs of state-run banks improved to 14.8% in September 2018 from 15.2% in March 2018, while private sector banks’ gross NPAs fell to 3.8% in September 2018 from 4% in March 2018.

• Under the baseline scenario, the GNPA ratio of all banks may come down to 10.3% by March 2019 from 10.8% in September 2018, the report said. The ratio of restructured standard advances steadily declined in September 2018 to 0.5% following the withdrawal of various restructuring schemes in February 2018.

• The restrictions imposed on 11 public sector banks under the prompt corrective action (PCA) framework has helped in reducing contagion losses on the banking system in case these lenders fail, the report said.

• While the Governor acknowledged that some of the cases referred for resolution under the bankruptcy framework have lagged time-lines, he said the Insolvency and Bankruptcy Code (IBC) will strengthen credit discipline.

• Mr. Das said the shift in credit intermediation from banks to non-banks has given the corporate sector a diverse choice of finance instruments but added non banking finance companies need to be more prudent on risk-taking. He also underlined the need to rebalance excessive credit growth, especially the one funded by short-term liabilities.

New E-com rules a huge blow to big players

• It was bold a step by the government and a huge blow for the big players in India’s e-commerce market. The new rules announced by the Centre last week have indeed spoilt the year-end party for the likes of Flipkart-Walmart and Amazon.

• These big players in the e-commerce space are now forced to go into an huddle, and devise a new way out to sustain their business aspirations in India.

• More than anybody else, these players will be hit hard as they run their enterprises in India on a marketplace model, which does allow them the luxury of having foreign direct investment (FDI).

• These firms have been said to use a circuitous mechanism to get around the restrictions in a marketplace model. The back-door window is now effectively shut for them.

• The rules will have immediate cost implications for Walmart-Flipkart, Amazon and the like, who have built up huge inventory (using their group firms to stock up with vendors who sell on their platforms).

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::INTERNATIONAL::

Awami league gets landslide victory in Bangladesh elections

• Bangladesh Prime Minister Sheikh Hasina has secured a fourth term with a landslide victory in polls the opposition slammed as “farcical” over claims of vote-rigging, and clashes between rival supporters that killed at least 17 people.

• Hasina's ruling Awami League party and its allies won 288 seats in the 300-seat parliament, with the main opposition securing only six seats, Election Commission secretary HelalUddin Ahmed said.

• Hasina's government had mounted a crackdown on the opposition, an alliance led by the Bangladesh National Party, which urged the country's election commission to void the results.

• Ms.Hasina (71), has been lauded for boosting economic growth in the poor South Asian nation during her decade in power and for welcoming Rohingya refugees fleeing a military crackdown in neighbouring Myanmar.

• But critics accuse her of authoritarianism and crippling the opposition -- including arch-rival and BNP leader Khaleda Zia who is serving 17 years in prison on graft charges.

• A daughter of Bangladesh's first president Sheikh MujiburRahman, Hasina was gifted victory in the 2014 election when the BNP boycotted the vote claiming it was not free and fair.

Pakistan shares information about nuclear installations

• Pakistan on Tuesday shared with India a list of its nuclear installations and facilities as per the provisions of a bilateral agreement.

• The list was handed over in accordance with Article-II of the Agreement on Prohibition of Attacks Against Nuclear Installations and Facilities between Pakistan and India, signed on December 31, 1988, the Foreign Office (FO) said in a statement here.

• Ministry of External Affairs in New Delhi handed over the list of Indian Nuclear Installations and Facilities to a representative of the High Commission of Pakistan at 10:30 hrs (local time), the FO said.

• The agreement, which was signed on December 31, 1988 and entered into force on January 27, 1991, provides, inter alia, that the two countries inform each other of nuclear installations and facilities to be covered under the agreement on the first of January of every calendar year.

• “This has been done consecutively since January 1, 1992,” the FO said. The practice of exchanging lists of nuclear installation has endured despite many low in bilateral ties.

::SCIENCE & TECHNOLOGY::

Study claims climate change affecting oyster populations

• Gulping down oysters has long been a favourite New Year’s Eve ritual for the French, but as winters get warmer and summers drier many growers worry there will soon be fewer of the molluscs to go around.

• Without summer rains that wash crucial minerals into the oyster beds, there’s no plankton that serve as food for the oysters.

• Cold weather normally encourages a needed rest for oysters to mature, said Yoann Thomas of France’s IRD research institute. But this winter has so far been unusually warm and, paradoxically, too rainy.

• Rains may bring minerals that favour plankton growth — but they also mean the molluscs spend too much energy eating.

• “Ten grams fewer for each one, that makes a difference in sales,” said Philippe Le Gal, president of the CNC national shellfish producers’ association.

• In 2017, the roughly 4,500 oyster growers in France sold 1,00,000 tonnes. “Oyster farmers will see volumes down by 20 to 30 percent this year,” Mr. Le Gal said. “Climate warming is starting to have an impact.

::SPORTS::

ICC announces teams of the year 2018

• International Cricket Council, ICC, announced women's ODI and T20I teams of the year 2018, today.

• New Zealand’s Suzie Bates was named as captain of the 50-over side and HarmanpreetKaur of India appointed captain of the T20 team. SmritiMandhana and PoonamYadav are the two Indians who feature in both the ODI and T20I squads.

• Other players to find places in both the squads are Australia’s Healy and Bates of New Zealand.

• HarmanpreetKaur has been rewarded for spearheading Indian team to the semi-final of the ICC Women’s World T20 in the Caribbean in November this year.

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Current Affairs for SSC CGL Exams - 01 January 2019