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#PT2020 #SnT_Currents

News - AIIB has approved US$ 500 million for ‘Covid-19 Emergency Response and Health Systems Preparedness Project’ initiated by India.

Project 

- Covers the entire India and  addresses the needs of infected people, at-risk populations, medical and emergency personnel and service providers, medical and testing facilities, and national and animal health agencies.

- Implemented by National Health Mission (NHM), the National Centre for Disease Control (NCDC) and Indian Council of Medical Research (ICMR).
#1MinRead #Economy_Current #PT2020

Asian Infrastructure Investment Bank (AIIB) 

- Established in 2016.
- Headquarter - Beijing.
- Members - 78

- It is a multilateral development bank
- Objectives-  to improve social and economic outcomes by supporting the building of infrastructure in the Indo-Pacific region(Asia and beyond).

- The Bank was proposed by China in 2013.and it holds the largest shares.

- India is a founder member. 
#1MinRead #Economy_Current #PT2020

Consol Bonds

- They are also known as perpetual bond
- It is a fixed income security with no maturity date.

- These bonds pay a steady stream of interest payments forever. 

- These bonds can be redeemed at issuer's discretion.

- It is often considered a type of equity, rather than debt.
ajor drawback - they are not redeemable



News - Consol Bonds are being debated as an instrument for pooling in resources to fight CoVID-18 pandemic and its aftereffects on economy.  ( Used in Post world War 1 economic recovery)
#Geography_Current   #PT2020 

Places In News

News - Recently, Indian and Chinese troops were engaged in a temporary face-off along the Line of Actual Control (LAC) at Naku La (Sikkim) and near Pangong Tso Lake (Eastern Ladakh).

Nako La
a pass at a height of more than 5,000 metres on Sikkim - Tibet Border.
#1MinRead  #Govt_Initiative  #PT2020 

Mission Sagar

- Launched by Ministries of Defence and Ministry of External Affairs

- to provide Food Items, COVID related Medicines including HCQ Tablets and Special Ayurvedic Medicines, 
To five Island nations in the Indian Ocean
(Maldives, Mauritius, Seychelles, Madagascar and Comoros)

- Indian Naval Ship Kesari has been deployed for the mission.
#Enviornment_Current #PT2020

Atmosphere & Climate Research-Modelling Observing Systems & Services (ACROSS) scheme

- an umbrella scheme with 9 sub-schemes.
- objective - to provide a reliable weather and climate forecast for betterment of society.
- It includes warnings for cyclone, storm surges, heat waves, thunderstorms etc.
- The schemes will be implemented in an integrated manner by 4 institutes of

Ministry of Earth Sciences -
1. India Meteorological Department (IMD),
2. Indian Institute of Tropical Meteorology (IITM),
3. National Centre for Medium Range Weather Forecasting
4. Indian National Centre for Ocean Information Service
#Economy_Basics #PT2020

Trade war

A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the opposing country's imports.

Currency war

A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies in order to stimulate their economies by stimulating exports.
#Terms_InNews #PT2020

VISION ZERO

- It aims promote and improve occupational health and safety standards in the country.

- It has been developed by International Social Security Association, world's leading international organisation for social security institutions, government departments and agencies.
#Terms_InNews #PT2020

Smart fertilizers

- It is water insoluble Fertilizers
- Nutrients are released on the demand of the plant,

- Fertilizer molecule functions like a nutrient storehouse providing a continuous nutrient supply.

- Benefits - Dosage reduction and yield improvement, sustainable agriculture, soil conservation etc
#Terms_InNews #PT2020

Bioplastics

- It is a Plastic made of Plants like maize, wheat or sugarcane or any other biological material instead of petroleum.

- Benefits- Biodegradable, Eco-friendly, Sustainable Development, enviornment conservation through reduction in plastic pollution.

- Disadvantages
cropland expansion , Deforestation, threat Food Scarcity
, Industrial waste generation
#Geography_PlacesInNews   #PT2020

Kalapani Area

- an Indian territory in Uttarakhand state

It is marked by the Kalapani river, one of the headwaters of the Kali River in the Himalayas. 

Kalapani along with Lipulekh Pass, forms the route to Kailash–Manasarovar, an ancient pilgrimage site. 

The area is disputed by Nepal since 1997

News- Recently, Nepal has Strongly protested against Kailash-Manasarovar link Road built by India. The road connects Uttarakhand's Dharchula to the Lipulekh pass.
#Geography_basics  #PT2020

Kailash Mansarovar

Mount Kailash is a 6,638 m high peak in the Kailash Range

It forms part of the Trans Himalaya in the Tibet, China. 

The mountain is located near Lake Manasarovar and Lake Rakshastal. It is close to the source of some of the longest rivers:
Indus, Sutlej, and Brahmaputra. 

Mount Kailash is considered to be sacred in four religions: Bon, Buddhism, Hinduism and Jainism.

The Kailash Mansarovar Yatra is undertaken by two routes - Lipulekh ( Uttarakhand) and Nathu La Pass( Sikkim)
#IMP_Judgements  #PT_MAINS2020

Anuradha Bhasin Case(2020) 

- Also known as Kashmir Internet case. 

- Supreme Court declared that the freedom of speech and expression and the freedom to practice any profession or carry on any trade, business or occupation over the medium of Internet enjoys constitutional protection under Article 19(1)(a) and Article 19(1)(g) respectively. 

- But such freedom is not absolute, and is subject to reasonable restrictions  under Article 19(2) and Article 19(6) of the Constitution, inclusive of the test of proportionality. 
#SnT_Current #PT2020

CHAMPIONS portal:

- Launched by the Union Ministry of MSME.

- It is a Technology driven Control Room-Cum-Management Information System.

- CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.

- It utilises modern ICT tools such as telephone, internet and video conference, and aims to assist Indian MSMEs to march into big league as National and Global CHAMPIONS.

- It aims to make the smaller - units big by providing them various facilities such as solving their grievances, encouraging, supporting, helping and hand holding.
#Art_n_Culture #PT2020

New GI tags

Sohrai Khovar

- Painting is a traditional and ritualistic mural art.
- It is practised by tribal women during harvest and marriage seasons in Hazaribagh District, Jharkhand.

- It uses local, naturally available soils of different colours.

- The style features a profusion of lines, dots, animal figures and plants, often representing religious iconography.
#Sohrai Khovar Painting
#ArtnCulture

New GI Tag

Telia Rumal cloth

- belongs to Telagana.
- It is an art of Ikat tradition using natural vegetable dyes

- involves intricate handmade work with cotton loom displaying a variety of designs and motifs in three particular colours — red, black and white.

- These rumals were patronised by Nizams of Hyderabad.
#Telia Rumal - Telangana
#Ecomomy_Basics #ArtnCulture #PT2020

Geographical Indication(GI)

- It is an indication used to identify goods having special characteristics originating from a definite geographical territory.

- The Geographical Indications of Goods (Registration and Protection) Act, 1999Agreement, seeks to provide for the registration and better protection of geographical indications relating to goods in India.

- The Act is administered by the Controller General of Patents, Designs and TradeMarks (Registrar of Geographical Indications).

- The Geographical Indications Registry is located at Chennai.

- The GI Tag is valid for 10 years. It can be renewed from time to time for a further period of 10 years each.

- It is in consonance with World Organisation’s Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement.