Current Affairs for SSC CGL Exams - 23 MAY 2019
Vice president calls for people centric sustainable development
- The Vice President of India, Shri M. Venkaiah Naidu has called for
achieving sustainable development that is equitable and people-centred and
stressed the need for efficient and frugal use of natural resources.
- Inaugurating the International Day for Biological Diversity (IDB)
celebrations, in Chennai today, the Vice President said Biodiversity is
fundamental to the survival of the human race and said that man must
re-establish the link with nature, as did the ancients in India centuries
ago, and take from earth and the environment only so much “as we can
- Lamenting that the symbiotic relationship of man with nature was
being threatened as societies develop, the Vice President warned that any
damage to environment would put the well-being of future generations in
peril. He also pointed out that the current consumption patterns especially
in the industrialized world are unsustainable as they put enormous pressure
on natural resources.
- The Vice President also spoke of the need to secure international
cooperation in fields ranging from sustainable agriculture and food security
to health and sustainable development to urban resilience and adaptation, to
climate change and disaster risk reduction.
- Shri Naidu expressed deep concern regarding the homogenization of
food habits and increased dependence on a handful of crops, resulting in a
rapid decline of agro-biodiversity.
Centre to finalise estimate of groundwater reserves
- The Union Water Ministry is finalising an updated estimate on the
state of groundwater reserves in the country.
- The groundwater assessment, last done in 2013, is a survey that
samples a sliver of blocks in each State and counts how many blocks have
critically low levels of water and how many are well-stocked.
- “We have received reports from most States and have passed it on
to the Water Resources Ministry for approval. I expect that this will only
be made public after the new government comes in,” a senior official from
the Central Ground Water Board (CGWB) told .
- The person said “some States” showed a precipitous decline whereas
some blocks showed an “improvement.”An assessment from Punjab, the official
said, pointed to “extreme” overexploitation of groundwater.
- The share of other resources, such as canal seepage, return flow
from irrigation, recharge from tanks, ponds and water conservation
structures taken together is 32%.
- The national per capita annual availability of water has reduced
from 1,816 cubic metres in 2001 to 1,544 cubic metres in 2011 a reduction of
Investors worried about crisis in NBFC sector
- The current liquidity crisis in the non-banking financial
companies’ (NBFCs) sector may not pose a systemic risk for now but investors
are worried over its potential impact on the overall growth of the economy
in the near term, say market participants.
- The recent past had seen brokerages highlighting concerns in the
NBFC segment and their impact on the overall consumption story thereby
affecting macroeconomic growth even as many such NBFCs are facing rating
downgrades and tighter access to liquidity.
- According to the global financial major, large NBFCs with strong
parents and track records are better positioned while small NBFCs could lose
market share, with a sharper slowdown for mid-sized and small housing
finance companies (HFCs).
- Incidentally, in a statement issued to the stock exchanges, Dewan
Housing Finance Ltd. (DHFL) said that it had stopped the acceptance and
renewal of fixed deposits (FDs) due to the recent downgrade of the credit
rating of its FDs.
- The cascading impact of a slowdown in NBFC financing can be
further gauged from the fact that recently Nomura also lowered its weightage
on the automobile sector attributing it, among other reasons, to “slowdown
in consumer financing due to the NBFC crisis.”
Securities appellate tribunal gives partial relief to NSE
- The Securities Appellate Tribunal (SAT) has given a partial relief
to the National Stock Exchange (NSE) in the co-location matter by directing
the bourse to transfer Rs. 625 crore to the Securities and Exchange Board of
India (SEBI) within two weeks.
- While hearing the appeal filed by the exchange, the tribunal on
Wednesday said that the amount would be kept in an interest bearing account
till the matter was disposed while giving the capital market watchdog six
weeks’ time to file its reply. This would come as a partial relief to the
exchange, which was ordered to disgorge a total of nearly Rs. 1,100 crore
for its alleged failure to exercise proper due diligence while offering
co-location facility thereby affecting market fairness and integrity.
- On April 30, the SEBI barred the NSE, which has the largest market
share in the equity segment and almost a monopoly in equity derivatives,
from accessing the securities market for six months.
- The regulator further ordered the exchange to disgorge about Rs.
1,100 crore, which included the alleged profit of Rs. 625 crore from the
co-location operations along with 12% p.a. interest from April 2014.
- “ NSE has committed a fraudulent and unfair trade practice as
contemplated under the SEBI (PFUTP) Regulations, I find that it is
established beyond doubt that NSE has not exercised the requisite due
diligence while putting in place the tick-by-tick architecture,” the SEBI
Srilanka extends emergency in country by a month
- Sri Lanka has extended by another month the emergency regulations,
which were enforced after the Easter Sunday terror attacks.
- President MaithripalaSirisena issued an extraordinary gazette
notice today extending the emergency regulations which was imposed a month
ago after suicide blasts at multiple locations in the country which killed
over 250 people including 45 foreigners.
- The emergency provisions give the military sweeping powers to act
against fundamentalist organizations behind the attacks, which was claimed
by Islamic state.
- Meanwhile, Prime Minister RanilWickremsinghe has said his
government will establish a new public school system within next two years
that is not based on language or religion. He said that all religious
educational institutes will be regulated by education ministry.
- It was also decided to regulate madarsas by Muslim institute
regulation board under education ministry. The government has sought to
control the madarsas after the attacks and prohibited foreign nationals from
- AIR correspondent reports that emergency provisions was imposed to
allow armed forces for search operations and arrest of suspects which is
still continuing. Around ninety people are under arrest including close
relatives of suicide bombers who were involved in the attacks.
- Prime Minister RanilWickremsinghe said all religious institutions
including madarsas will be brought under education ministry. Religious
education in madarsas is believed to be one of the reasons behind
fundamentalism which terrorist organizations like Islamic state use as their
source of recruitment.
::SCIENCE & TECHNOLOGY::
ISRO launches IRSAT 2B satellite
- In a predawn launch on Wednesday, a PSLV rocket of the Indian
Space Research Organisation (ISRO) placed RISAT-2B, an X-band microwave
Earth observation satellite, into orbit 556 km above earth.
- The PSLV-C46 launcher carrying the 615-kg RISAT-2B blasted off at
5.30 a.m. About 15 minutes later, the satellite reached its designated
position and started orbiting in space, with an inclination of 37°.
- Designed at ISRO’s U.R. Rao Satellite Centre (URSC) in Bengaluru
and fast-tracked in just 15 months, the RISAT-2B is built to operate for at
least five years
- Data from the satellite would be vital for the Armed Forces,
agriculture forecasters and disaster relief agencies.
- Its X-band synthetic aperture radar can give added details such as
the size of objects on earth, structures and movement.
- Information from RISAT-2B will complement data from normal optical
remote sensing satellites. Such data are useful for agencies that need
ground images during cloud, rain and in the dark.
- This is the third Indian RISAT in 10 years, and follows the
Israeli-built RISAT-2 in 2009 and the ISRO-built RISAT-1 in 2012. The older
RISATs have reached the end of their lives.
India advances to third round of archery worldcup
- In Archery World Cup Stage III, four Indians including
DeepikaKumari and TarundeepRai advanced to the third round in recurve
individual section at Antalya in Turkey today.
- In Women's individual section, former world No 1 Deepika defeated
KhatunaLorig 6-5 in the second round and set up a clash against
VeronikaMarchenko of Ukraine in the third round.
- In men's individual section, former Olympian TarundeepRai remained
in the medal fray after beating Gasper Strajhar of Slovenia.