Daily Prelims Notes 8 August 2020
- August 8, 2020
- Posted by: OptimizeIAS Team
- Category: DPN
Table Of Contents
- Loan restructuring
- TRIFED
- V. Kamath committee
- TRAFFIC
- DGCA
- GAVI
- Business Confidence Index
- August Revolution/ Quit India
Subject: Economy
Context:
In its monetary policy review, the Reserve Bank of India gave the green signal to a loan restructuring scheme for stressed borrowers
Concept:
- Restructuring is a practice that allows banks to modify the terms of the loan when the borrower is facing financial stress.
- Banks do that to avoid the borrower being declared a defaulter and the loan having to be classified as a non-performing asset.
- It could be through a change in the repayment period / repayable amount / number of installments / rate of interest/ additional loans.
2. TRIFED
Subject: Government organization
Context:
Tribal Cooperative Marketing Development Federation of India (TRIFED) under Ministry of Tribal Affairs reiterated its commitment towards the transformation of tribal lives on the occasion of its 33rd Foundation Day on August 6, 2020
Concept:
- The Tribal Cooperative Marketing Development Federation of India (TRIFED) came into existence in 1987. It is a national-level apex organization functioning under the administrative control of Ministry of Tribal Affairs, Govt. of India.
- The ultimate objective of TRIFED is socio-economic development of tribal people in the country by way of marketing development of the tribal products on which the lives of tribals depends heavily as they spend most of their time and derive major portion of their income.
- It empowers tribal people with knowledge, tools and pool of information so that they can undertake their operations in a more systematic and scientific manner.
- It involves capacity building of the tribal people through sensitization, formation of Self Help Groups (SHGs) and imparting training to them for undertaking a particular activity, exploring marketing possibilities in national as well as international markets, creating opportunities for marketing tribal products on a sustainable basis, creating a brand and providing other services.
- Ministry of Tribal Affairs shall announce Minimum Support Price (MSP) for the selected MFPs with the technical support from TRIFED.
Subject: Economy
Context:
Reserve Bank of India (RBI) has formed a five member committee under the chairmanship of former ICICI Bank CEO KV Kamath.
Concept:
- The immediate task of the committee is to recommend a list of financial parameters to be factored into the assumptions that go into each resolution plan, and the sector specific benchmark ranges for such parameters.
- The parameters will include aspects related to leverage, liquidity, debt serviceability
- The expert committee shall submit a list of financial parameters and the sector-specific desirable ranges for such parameters to the Reserve Bank, which, in turn, will notify the same, along with modifications, within 30 days.
4. TRAFFIC
Subject: Environment
Context:
A recent study by TRAFFIC India on the seizure and mortality of ‘common leopards’ revealed that of the total of 747 leopard deaths between 2015-2019 in India, 596 were linked to illegal wildlife trade and activities related to poaching.
Concept:
- TRAFFIC is a leading non-governmental organisation working globally on trade in wild animals and plants in the context of both biodiversity conservation and sustainable development.
- It is a joint program of WWF and IUCN.
- TRAFFIC works to ensure that trade in wild plants and animals is not a threat to the conservation of nature.
- TRAFFIC has gained its greatest reputation from supporting CITES, the Convention on International Trade in Endangered Species.
- TRAFFIC focuses on leveraging resources, expertise and awareness of the latest globally urgent species trade issues such as tiger parts, elephant ivory and rhino horn.
- Large scale commercial trade in commodities like timber and fisheries products are also addressed and linked to work on developing rapid results and policy improvements.
5. DGCA
Subject: Government organization
Context:
Aircraft shot past runway in rainy conditions and fell into a gorge and DGCA issued notice to Kozhikode airport over safety lapses
Concept:
- Directorate General of Civil Aviation is an attached office of the Ministry of Civil Aviation.
- The Directorate General of Civil Aviation is the regulatory body in the field of Civil Aviation primarily dealing with safety issues.
- It is responsible for regulation of air transport services to/from/within India and for enforcement of civil air regulations, air safety and airworthiness standards.
- It also co-ordinates all regulatory functions with International Civil Aviation Organisation.
Gorge
- A deep and narrow ‘V’ shaped valley is also referred to as gorge and may result due to down cutting erosion or because of the recession of a waterfall (the position of the waterfall receding due to erosive action).
6. GAVI
Subject: IR
Context:
Serum Institute ties up with Gavi for 10 crore of corona vaccine doses in India
Concept:
- Global Alliance for Vaccines and Immunization is a public-private global health partnership committed to increasing access to immunization in poor countries
- It is a global Vaccine Alliance with the goal of creating equal access to new and underused vaccines for children living in the world’s poorest countries.
- It does this by bringing together all the stakeholders – donor governments, developing countries, World Bank, UNICEF, WHO, Bill & Melinda Gates Foundation, international finance and development organizations, and pharmaceutical industry – in one decision making body
- Gavi was launched in 2000. It is based in Geneva, Switzerland
- India started receiving support for its immunization programme from GAVI in 2002. Apart from that, India is the largest supplier of vaccines to GAVI
GAVI’S IMPACT
- More children survive. The increase in immunisation has helped halve childhood mortality by preventing approximately 13 million deaths and dramatically driven down the incidence of deadly and debilitating infectious diseases.
- Nation building thrives. As children become healthier, they, their families, communities and countries are more able to be economically prosperous and socially stable.
- Global health security improves. In the face of global challenges, such as climate change, urbanisation, human migration, fragility and conflict, Gavi has helped countries broaden vaccine coverage and improve their health systems. This makes them less susceptible and better able to prevent disease outbreaks that pose a threat to people in these countries, protecting millions of others around the world.
Subject: Economy
Context:
NCAER’s Business Confidence Index (BCI), an indicator of the business sentiment across the Indian industry, stood at 46.4 in the first quarter of 2020-21, a drop of 40.1 per cent from its level of 77.4 in the previous quarter.
Concept:
Business sentiment across Indian industry fell to its lowest level in the first quarter of this fiscal since 1991, according to the National Council of Applied Economic Research’s (NCAER) Business Confidence Index (BCI).
8. August Revolution/ Quit India
Subject: History
Context:
The 78th anniversary of the Quit India Movement, famously known as the August Revolution in the history of India’s freedom movement, falls on August 9.
Concept:
- In July 1942, the Congress Working Committee met at Wardha and resolved that it would authorise Gandhi to take charge of the non-violent mass movement. The resolution generally referred to as the ‘Quit India’ resolution.
- Proposed by Jawaharlal Nehru and seconded by Sardar Patel, it was to be approved by the All India Congress Committee meeting in Bombay in August.
- The Quit India Resolution was ratified at the Congress meeting at Gowalia Tank, Bombay, on August 8, 1942.
- The meeting also resolved to
- demand an immediate end to British rule in India.
- declare commitment of free India to defend itself
- against all types of Fascism and imperiali
- form a provisional Government of India after British withdrawal.
- sanction a civil disobedience movement against British rule.
- The Quit India resolution was passed on August 8, 1942.
- ArunaAsaf Ali hoisted the tricolour on the Gowalia Tank ground and on August 9 night, the senior leaders of the Congress were arrested.
- Many nationalists went underground and took to subversive activities. The participants in these activities were the Socialists, Forward Bloc members, Gandhi ashramites, revolutionary nationalists and local organisations in Bombay, Poona, Satara, Baroda and other parts of Gujarat, Karnataka, Kerala, Andhra, United Provinces, Bihar and Delhi.
- The main personalities taking up underground activity were RammanoharLohia, Jayaprakash Narayan, ArunaAsaf Ali, Usha Mehta, BijuPatnaik, ChhotubhaiPuranik, AchyutPatwardhan, SuchetaKripalani and R.P. Goenka. Usha Mehta started an underground radio in Bombay.
- This phase of underground activity was meant to keep up popular morale by continuing to provide a line of command and guidance to distribute arms and ammunition.