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board finalises ‘Utkarsh 2022’
- The Reserve Bank of India (RBI) board has finalised a three
year roadmap named as Utkarsh 2022.
- The objective of the policy is to improve regulation and
supervision of the central bank.
- RBI has said that this strategy is in line with the global
central banks decision to strengthen the regulatory and supervisory
mechanism by formulating a long-term plan and a medium-term plan.
- The strategy will be that RBI will play a proactive role and
takes preemptive action to avoid any crisis such as the IL&FS debt
default issue and the crisis of confidence in the non-banking financial
- Further,the board has also approved the RBI’s budget for the
July 2019 to June 2020 period.Other matters discussed by the board
included issues relating to currency management and payment systems.
gets teeth to probe new-age cases
- The Finance Bill,2019 has given the Securities and Exchange
Board of India (SEBI) new powers to act against entities that tamper or
destroy electronic databases or fail to furnish information.
- The bill has introduced section 15HAA in the SEBI Act.The
section states that if a person tampers with information to obstruct or
influence an investigation,destroys regulatory data or tries to access
data in an unauthorised manner then the entity could be penalised up to
₹10 crore or three times the unlawful gains,whichever is higher.
- However,it is not yet clear whether ‘regulatory data’ and
‘database’ as mentioned in the section refers only to SEBI data or even
those maintained by exchanges,depositories and clearing corporations.
- Further,the bill also provides SEBI to impose penalties of up
to ₹1 crore on brokers if they fail to issue a contract note to clients in
the format as laid down by the exchanges.
- These new powers assume significance as it is already probing
the leak of sensitive data through WhatsApp and also recently passed fresh
orders on the National Stock Exchange(NSE) co-location matter.
- The Securities and Exchange Board of India (SEBI) is the
regulator for the securities market in India.It was established in 1988
and given statutory powers in 1992 through the SEBI Act,1992.
carries out three successful Nag missile tests in one day in Pokhran
- Defence Research and Development Organisation (DRDO) has
successfully test fired the third generation guided missile ‘Nag’.
- The Nag missile is a third generation
fire-and-forget anti-tank guided missile.It is an all weather,top attack
missile with a range of 3 to 7 km.
- The missile can seek and destroy all known enemy tanks during
day and night or under any adverse weather condition.
- The NAG is one of the five strategic missiles developed under
the Integrated Missile Development Programme initiated.
- The other missiles developed under the project include the
Agni,Prithvi and Akash.The Trishul project was shut down after being
developed as a technology demonstrator.
- Nag is incorporated with many advanced technologies including
the Imaging Infrared(IIR) Seeker with integrated avionics,a technology
which is processed by a few nations in the world.
lakh police posts vacant in India, 1.3 lakh in UP alone
- The Bureau of Police Research and Development(BPR&D) has
released a report on “vacancies in the police organization”.
- The report has revealed that there are 5.28 lakh police posts
are lying vacant in the police organisation.
- The states with high shortage of police personnel included
Uttar Pradesh, Bihar, West Bengal, Telangana, and Maharashtra while
Nagaland is the only state where actual strength exceeded the sanctioned
- The wide difference between sanctioned and actual strength of
vacancies can be attributed to reasons like (a)slow recruitment process
(b)retirement and (c)untimely deaths.
- BPR&D was established in
1970 with the objective of the modernisation of police forces.It is nodal
national police organisation to study,research and develop on subjects and
issues related to policing.
- BPR&D functions under the aegis of Union Home Ministry.It
is headquartered in New Delhi.Since its formation,it has evolved as
a multifaceted,consultancy organisation.
- At present it has 4 divisions which are (a)Research
(b)Development, (c)Training and (d)Correctional Administration.
Numbers: Road accidents kill 400/day, 1/4th of them in UP & Tamil Nadu
- According to the Ministry of Road Transport & Highways
data,road accidents in India has killed around 1.5 lakh people every year
between 2015 and 2017.
- This works out to a daily average of 400 or more deaths in each
of the three years.
- The ministry has also presented state-wise data.Uttar Pradesh
has the highest number of deaths in road accidents in each of the three
years, followed by Tamil Nadu.
- Further,World Health Organisation (WHO)’s Global Status report
on Road Safety has also stated that road accidents are the leading cause
of death among people in the 5-29 age-group worldwide.
- According to the report,India might be losing 2,99,000 people
each year due to road accidents.However,the government pegs the number of
road accident deaths at nearly 1,50,000 people each year.
NIT students win national award
- Two doctorate students from National Institute of
Technology(NIT),Goa has been awarded the Gandhian Young Technological
Innovation (GYTI) appreciation award 2019.
- Gandhian Young Technological Innovation awards has been instituted by the Society for Research and
Initiatives for Sustainable Technologies and Institutions(SRISTI).
- The award celebrates the creativity and innovation of young
technological students by recognising their outstanding projects.
- The awards are given for the spirit of student innovation in
all the fields of engineering, science, technology and design through
extremely affordable/frugal solution or the ones pushing the technological
launches massive exercise to fortify anti-infiltration grid along Pak border in
- The Border Security Force(BSF) has launched a massive exercise
code named ‘Sudarshan’ to fortify the ‘anti-infiltration
grid’ along the Pakistan border in Punjab and Jammu.
- The operation will cover over 1,000-kms length of the India-Pakistan
- Further,BSF has also deployed heavy machinery,communication
interceptors and mobile bulletproof bunkers at the borders.
- The Border Security Force(BSF) was established
in 1965.It is the primary force guarding the borders of India.It is one of
the five Central armed police forces.
- The force guards the land borders of India and helps prevent
any kind of international and transnational aggression.The force functions
under the Ministry of Home affairs and has its headquarters in New Delhi.
motivated: India slams UN report on Kashmir situation
- India has registered its protest against a new report by the
United Nations Office of the High Commission for Human Rights(UNHCR) on
- UNHCR in its report has said that neither India nor Pakistan
have taken any concrete steps to solve the concerns raised in its first
report on Kashmir which was released in 2018.
- The report has claimed that the number of civilian casualties
reported between May 2018 and April 2019 may be the highest in over a
- The report also claimed that despite high civilian casualties,there
were no fresh investigations conducted into the use of excessive force by
- On Pakistan-occupied Kashmir,the report said that people are
deprived of a number of fundamental human rights, particularly in relation
to freedom of expression and opinion,peaceful assembly and association.
- The report has called on the UN Human Rights Council(UNHRC) to
conduct an independent international investigation into allegations of
human rights violations in Kashmir.
- However,India has said that the report is in violation of
India’s sovereignty and territorial integrity and ignore the core issue of
- Further,India has said that report is in complete variance with
UNSC position where UNSC had strongly condemned the Pulwama terror attack
and subsequently proscribed Masood Azhar as a terrorist entity.
- UNHRC is an inter-governmental
body headquartered at Geneva, Switzerland.It is made up of 47 members
states.The members are elected by the United Nations General
Assembly(UNGA) with 3-year terms,with a maximum of 2 consecutive terms.
- UNHRC meets 3 times a year to examine human rights violations
worldwide.Its resolutions are not legally binding but carry moral
passes Aadhaar amendment Bill
- The Parliament has passed“The Aadhaar and Other Laws
(Amendment) Bill, 2019” to replace the Aadhaar and Other Laws (Amendment)
- The bill envisages strengthening of the Aadhaar Act as per the
directions of the Supreme Court and recommendations of Justice
- The bill says that no individual will be compelled to provide
proof of possession of Aadhaar number or undergo authentication for the
purpose of establishing his identity unless it is so provided by a law
made by Parliament.
- For the convenience of the general public in the opening of
bank accounts,the bill will allow the use of Aadhaar number for
authentication on a voluntary basis as an acceptable KYC document under
the Telegraph Act,1885 and the Prevention of Money Laundering Act,2002.
- The bill also gives an option to children who are Aadhaar
number holders to cancel their Aadhaar number on attaining the age of
- The bill proposes deletion of section 57 of the Aadhaar Act
relating to use of Aadhaar by private entities.
- The bill prevents denial of services for refusing to, or being
unable to, undergo authentication.It provides for the establishment of
Unique Identification Authority of India Fund.
- Further,the bill provides for stiff penalties upon violation of
norms pertaining to Aadhaar and violation of privacy.It proposes civil
penalty of up to ₹1 crore on entities that violate the provisions of the
Aadhaar Act, with an additional fine of up to ₹10 lakh per day in case of
continuous non compliance.
why America is talking about group that uses violence with ‘fascists’
- Recently, the US witnessed a violence during a pro-Donald Trump
demonstration by the Proud Boys and a counter-protest by Antifa members.
- Proud Boys are known as a white supremacist exclusively male
group based in the US with a presence in a few other countries.On the
other hand,Antifa has a more international background and gained
prominence only recently in the US.
- Antifa has been around for
several decades with some dating it as far back as Nazi Germany.Antifa is
borrowed from German word which means anti-fascist.
- The movement has had a presence in several European countries
and has now come into focus in the United States following the election of
US President Trump in 2016.
- Antifa does not have a formal organisational structure.It draws
its members from other movements such as Black Lives Matter and the Occupy
- Antifa members typically dress in black and often wear a mask
at their demonstrations and follow far-left ideologies such as
anti-capitalism. They take up causes such as LGBTQ and indigenous rights.
Arabia adopts Digital India, equality of women in this year’s Haj
- Indian Haj mission in Saudi Arabia has adopted digital
technology to reach out to a large number of pilgrims as part of the
Government of India’s initiative of Digital India.
- They have launched an app called as Haj app.This
application was developed to receive feedback,a grievance from Hajis.
- The app also connects with the pilgrims to Haj service
coordinators of their respective states.
- They have also launched another app called as e-MASIHA.This
app will allow health status and medical history of visiting pilgrims to
be stored online.
- The app would retrieve pilgrims health information to apply
appropriate treatment whenever he or she visits Indian medical facilities
- The Hajj is an annual Islamic pilgrimage to
Mecca,Saudi Arabia.It is a mandatory religious duty for Muslims that must
be carried out at least once in their lifetime by all adult Muslims who
are physically and financially capable of undertaking the pilgrimage.
system has surplus liquidity
- Finance Minister and RBI Governor has met for the customary
- The RBI Governor has said that the system has sufficient
liquidity and the Union Budget has made provisions to ease the NBFC
- In the Budget,the Government has announced a one-time six-month
partial credit guarantee window to cover up 10% of losses that public
sector banks(PSBs) may incur after buying high-rated pooled assets of
- The RBI governor has praised the recapitalisation of banks with
Rs 70,000 crore.The banking system has been suffering from low liquidity
and has been seeking recapitalisation from the government.
- RBI Governor has also said he expects a quicker transmission of
the interest rate cuts by banks to consumers by way of cheaper home,auto
and personal loans.
- Further,he also said that the issue of RBI dividend will be
decided by the board.The government has budgeted a dividend from the
Reserve Bank of India amounting to about ₹90,000 crore.