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Showing posts with label Important Points. Show all posts
Showing posts with label Important Points. Show all posts

Aug 23, 2016

[CA] Important Points @ Glance: Part 17

Important Points @ Glance: Part 17

Sachet: The RBI, in line with its efforts to curb illegal and unauthorised pooling of funds by unscrupulous firms, has launched a website – Sachet. The step aims at helping people get information about legalised entities, who are allowed to collect public deposits/ provide investment management services, entities barred from doing so, besides receiving on-the-ground information on illegal entities.

Smart Ganga City programme: The Union Government has launched the first phase of Smart Ganga City programme in 10 cities located along River Ganga. Haridwar, Rishikesh, Mathura, Varanasi, Kanpur, Allahabad, Lucknow, Patna, Sahibganj and Barrackpore are the cities/town where the programme will be implemented in the first phase. Under this programme, Sewage Treatment Plants (STPs) and improve drainage network will be set up on hybrid annuity mode on public private partnership basis.

The first ever South Asian Association for Regional Cooperation (SAARC) Youth Parliamentarians Conference was held in Islamabad, Pakistan. The theme of the summit is ‘Peace and Harmony for Development’. The goal of the conference is to build bridges between the future leaders of South Asia on a platform that supports continued engagement and cooperation. It seeks to provide an opportunity for the youth and Parliamentarians to apprise respective Government leaders on where the youth of South Asia stands on a vision for the region ahead of the High Level Summit.

Sakshi Malik has become the first woman wrestler from India to bag an Olympic medal. She is also the fourth female athlete from the country to earn a medal in Olympics. She won a bronze medal. Overall, this is 25th medal for India in Olympic games.

Project Alloy: It is a virtual-reality headset unveiled by Intel recently. The head-mounted display consists of a set of goggles that contain the computing power needed to run the headset. The headset is a completely standalone device, with no need to hook up to a computer or external sensors, so wearers can move around and explore virtual environments with total freedom. The headset uses Intel’s RealSense cameras, which have depth-sensing capabilities, to allow, without the need for additional sensors, objects such as the user’s hands to be tracked and entered into the virtual world displayed within the goggles. The device creates mixed reality, which drags real-world objects into the virtual realm using 3D cameras.




  •  XMU-MP-1: It is a drug discovered by Chinese scientists, which can promote repair and regeneration in the liver, intestines and skin. In the future, the drug may well do away the need for organ transplant or complex biomaterial and cell therapies. The XMU-MP-1 has been proven to inhibit the activity of MST1/2, the central component of this pathway and promote cell growth in four different mouse models with acute and chronic injuries, including acetaminophen-induced injury, which is a common cause of liver failure worldwide.

    The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in its report, has placed India at 39th position in terms of fixed broadband adoption among Asia Pacific countries. The report is named- ‘State of ICT in Asia and the Pacific 2016: Uncovering the Widening Broadband Divide’. India ranks lower than countries such as Bhutan, Sri Lanka and Bangladesh in fixed broadband subscriptions per 100 inhabitants in ESCAP countries in 2015. Hong Kong, New Zealand, Japan, Macao, Australia and Singapore topped the list of 53 countries covered in the report.

    Bavar 373 missile defence system: It is a domestically built long-range missile defence system by Iran. The project started when the country was under international sanctions. The system was designed to intercept cruise missiles, drones, combat aircraft and ballistic missiles. The project was launched as an alternative to the Russian S-300 system, the delivery of which was suspended in 2010 due to sanctions imposed over Iran’s nuclear programme.

    The world’s highest and longest glass-bottomed bridge was recently opened in China. The bridge connects two mountain cliffs known as the Avatar Mountains in Zhangjiajie, Hunan province.

    Scientists have discovered a new species of eel, a snake-like fish, from the northern Bay of Bengal along the West Bengal coast. The species Gymnothorax indicus is slender-bodied, about one feet-long and edible. The scientist said that the eel has 194 vertebrae. Its dorsal fin has a black margin. Globally, about 1,000 species of eels have been identified and, in India, the number is around 125. Though considered a delicacy in many countries like Japan, the consumption of eels in India is limited to coastal areas.




Important Points @ Glance: Part 2

Important Points @ Glance: Part 3

Important Points @ Glance: Part 4

Important Points @ Glance: Part 5

Important Points @ Glance: Part 6

Important Points @ Glance: Part 7

Important Points @ Glance: Part 8

Important Points @ Glance: Part 9

Aug 11, 2016

[CA] Important Points @ Glance: Part 16

Important Points @ Glance: Part 16


  • Gaofen-3: It is a new high-resolution Synthetic Aperture Radar (SAR) imaging satellite launched by China recently. It was launched off on the back of a Long March 4C rocket. It was the 233rd flight mission by a Long March carrier rocket. It is also China’s first low orbit remote sensing satellite that has a lifespan of eight years.

  • Amitabh Kant committee: It is a committee set up by the government to look at easing the policy regime for e-commerce players, including the rules for foreign direct investment. The terms of reference of the Amitabh Kant committee would be to examine various issues in e-commerce sector and making recommendations for further liberalisation of the policy.

  • Yaad Karo Kurbani: It is a 15-day programme aimed to commemorate 75th anniversary of the Quit India Movement (QIM) and 70 years of Independence. It was recently launched by Prime Minister, Mr. Narendra Modi at birthplace of freedom fighter Chandra Shekhar Azad at Alirajpur, Madhya Pradesh. The campaign is aimed at developing a feeling in every person that nation is first and individual is secondary.

  • Foot-and-mouth disease is an infectious and sometimes fatal viral disease that affects cloven-hoofed animals, including domestic and wild bovids. The virus causes a high fever for two or three days, followed by blisters inside the mouth and on the feet that may rupture and cause lameness. 

  • The seventh India-Japan International Conference on ‘Science and Technology: Future Challenges and Solutions’, was recently held in Mysore, Karnataka.




  • Global Green Award: Dr. Dhrubajyoti Ghosh has received the Luc Hoffman award, one of the highest international awards in environmental leadership. Dr. Ghosh was involved in mapping East Kolkata Wetlands and calculating its economic value. He is the first Indian environmental activist to receive the Luc Hoffman award.

  • Mission Bhagiratha: PM Modi recently inaugurated a massive 40,000-crore Telangana state water grid ‘Mission Bhagiratha’. It aims to provide safe drinking water through a pipeline. The objective is to provide 100 liters of clean drinking water per person in rural households and 150 liters per person in urban households. This project aims to provide water to about 25,000 rural habitations and 67 urban habitations.

  • New Gujarat CM: Vijay Rupani has sworn in as the 16th Chief Minister of Gujarat after Anandiben Patel who resigned recently. 

  • TWRIS: Telangana Irrigation Department has signed a memorandum of understanding with the Indian Space Research Organisation for setting up a Telangana Water Resources Information System (TWRIS) on the ‘Bhuvan’ web portal. The objective is to capture every field-level irrigation network including dams/barrages, anicuts, main and field channels, etc. and mark every irrigation structure on satellite visualisation tool Bhuvan (similar to Google Earth).

  • Tiantong-01: China has successfully launched its first satellite for mobile telecommunication, Tiantong-01. It is the first satellite of China’s homemade satellite mobile telecom system, and a key part of the country’s space information infrastructure. 




Important Points @ Glance: Part 2

Important Points @ Glance: Part 3

Important Points @ Glance: Part 4

Important Points @ Glance: Part 5

Important Points @ Glance: Part 6

Important Points @ Glance: Part 7

Important Points @ Glance: Part 8

Important Points @ Glance: Part 9

Jul 20, 2016

[CA] Important Points @ Glance: Part 15

Important Points @ Glance: Part 15

v The findings of the 2.6 million-word Iraq Inquiry — seven years in the making — were recently released by probe chairman John Chilcot in London. The official inquiry delivered a devastating indictment of Britain’s decision to invade Iraq, finding that the war was based on flawed intelligence and had been launched before diplomatic options were exhausted. The probe chairman has said that Iraqi dictator Saddam Hussein posed “no imminent threat” when the U.S-led invasion was launched in March 2003, and that while military action against him “might have been necessary at some point,” the “strategy of containment” could have continued for some time. The report also notes that Blair’s decision to invade Iraq was influenced by his interest in protecting the UK’s relationship with the United States. The inquiry was commissioned in June 2009 by Blair’s successor, Gordon Brown, following pressure from the public and Parliament.


v The finance ministry has set up a committee under former chief economic adviser Shankar Acharya to examine the desirability and feasibility of having a new fiscal year. Currently, India follows the April-March fiscal year and all macroeconomic and company data, including the government’s budget, are compiled and prepared for the same period. However, most countries follow a January-December fiscal year. A committee of secretaries headed by the cabinet secretary had earlier this year recommended changing the fiscal year to January-December. The committee will examine the merits and demerits of various dates for the start of the fiscal year, including the existing dates. The committee has been asked to submit its report by 31 December

v Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic. The Russian firm holds 50.1% stake in the project that comprises development of the South-Tambeyskoye field with proven deposits of 1.3 trillion cubic meters of natural gas and the construction of natural gas liquefaction plant (LNG) for producing 16.5 million tonnes of LNG a year by 2017.

v India is planning to seek greater market access in the Japanese market for its farm products such as sesame seeds as well as for its services professionals including nurses, during the upcoming joint committee meeting. The focus on sesame seeds is because Japan is the world’s second largest importer of the item (after China). Following the detection of pesticides and insecticides such as DDT and malathion in some sesame seeds consignments from India over two decades ago, Japan has been reluctant to import the commodity from India. India is the world’s largest sesame seed producer with an annual production of around 7 lakh tonnes. India is also the world’s largest exporter of the item.


In a bid to expand its customer base and gain access to loan portfolios that enjoy priority sector status, IDFC Bank has decided to acquire micro-lender Grama Vidiyal in an all-cash deal. IDFC Bank, a former infrastructure financier, converted itself to a bank in October last year. Headquartered in Tiruchirapalli in Tamil Nadu, Grama Vidiyal Micro Finance, which started operations in 1997, has a loan book of about Rs.1,502 crore and 1.2 million customers primarily in its home State, Puducherry and Kerala and in parts of Karnataka and Maharashtra. While the assets of Grama Vidiyal will be transferred to IDFC Bank books, the former will retain its existence as a subsidiary of IDFC Bank, which will act as a business correspondent.


v The Navy’s dedicated base for its Special Operation Forces – MARCOSINS Karna was recently commissioned in Visakhapatnam. The establishment of the first base for Indian Navy’s elite force with capability to operate in all three dimensions of warfare – air, land and sea – in the home port of the Navy on the Eastern Seaboard marks another milestone in Indian Navy bonding with the city of Visakhapatnam.

v The Indian Army’s Strike 1 unit that is based in Mathura recently demonstrated its capabilities to seamlessly cross rivers during a training exercise along the Yamuna on a stretch near the cantonment there. The exercise code named “Megh Prahar” was undertaken using the formation of its spearhead armoured division that is based in Hisar, Haryana. It also showcased the variety and versatility of equipment and the war-waging potential of the DOT (department of transport). Megh Parhar would help in testing the effectiveness of the T-90 & BMP-2 tanks of the Army in fighting along river obstacles.


v The Union Government has started the operation ‘Sankat Mochan’ to evacuate Indian citizens stranded in South Sudan’s capital Juba. The operation is being undertaken by Indian Air Force (IAF) and will be headed by Union Minister of State (MoS) for External Affairs General (Retd.) VK Singh.

v Pema Khandu is the new Chief Minister of Arunachal Pradesh. At 37, he is also the youngest CM in the country.


India’s first e-court has been opened at High Court of Judicature at Hyderabad, which is the common high court for the states of Telangana and Andhra Pradesh. The purpose of e-courts was to ensure speedy justice for the litigants.









Important Points @ Glance: Part 2

Important Points @ Glance: Part 3

Important Points @ Glance: Part 4

Important Points @ Glance: Part 5

Important Points @ Glance: Part 6

Important Points @ Glance: Part 7

Important Points @ Glance: Part 8

Important Points @ Glance: Part 9

Jul 8, 2016

[CA] Important Points @ Glance: Part 14

Important Points @ Glance: Part 14

v A Chinese supercomputer built using domestic chip technology has been declared the world’s fastest. The Sunway TaihuLight takes the top spot from previous record-holder Tianhe-2 (also located in China), and more than triples the latter’s speed. The new number one is capable of performing some 93 quadrillion calculations per second (otherwise known as petaflops) and is roughly five times more powerful than the speediest US system, which is now ranked third worldwide. The TaihuLight is comprised of some 41,000 chips, each with 260 processor cores. This makes for a total of 10.65 million cores, compared to the 560,000 cores in America’s top machine. In terms of memory, it’s relatively light on its feet, with just 1.3 petabytes used for the entire machine. It’s also unusually energy efficient, drawing just 15.3 megawatts of power — less than the 17.8 megawatts used by the 33-petaflop Tianhe-2. The previous fastest supercomputer, China’s Tianhe-2, was built using US-made Intel processors.

v Visakhapatnam Port has been declared as the second gateway port for Nepal after Kolkata-Haldia. The movement of traffic-in-transit between Port of Visakhapatnam and Nepal will be in sealed containers and in full rake only and the cost of transhipment will be borne by the consignor/consignee. Visakhapatnam Port has the deepest container terminal among major ports with permissible draft of 15 metres and LOA up to 320 metres. Most of the transit cargo of Nepal will be from China. The terminal can act as an ideal gateway for east-bound cargo. Handling of cargo will be advantageous in terms of ocean freight and liner detention, export-import traders say. India and Nepal signed the agreement recently to provide the additional transit facility to Nepal through the Visakhapatnam Port as second gateway port.

v India has retained its ranking as the tenth-highest recipient of foreign direct investment in 2015, receiving $44 billion of investment that year compared to $35 billion in 2014, according to the United Nations. The World Investment Report 2016 released by the United Nations Conference on Trade and Development (UNCTAD) recently found that India also jumped a place in terms of attractiveness as a business destination in 2015, to sixth place, with 14% of the respondents naming it as their destination of choice. US has occupied the first place.

v The first Phase-1 human clinical trial of a vaccine for the Zika virus is set to begin in the coming weeks, with the U.S. Food and Drug Administration (FDA) green-lighting it. The DNA vaccine (GLS-5700) developed by the U.S-based Inovio Pharmaceuticals and GeneOne Life Science, South Korea, has already been tested on animals and found to elicit “robust” antibody and T cell responses. The human trial will be carried out on 40 healthy adults to evaluate safety, tolerability and immunogenicity and the interim results are expected before the end of the year. But it may take a couple of years to know if the vaccine works against Zika. According to the World Health Organization (WHO), four of the 14 companies working on a candidate vaccine have reached the preclinical stage. WHO declared Zika as a global public health emergency of international concern in February 2016.


v The iconic high courts of Bombay and Madras may soon undergo a change in their nomenclature. Amid demands, the Centre is mulling changing the names of the two high courts through an Act of Parliament. The Law Ministry has started working on a bill to rename Bombay and Madras high courts to correspond to the present names of the cities. There have been demands to rename the high courts as Mumbai High Court and Chennai High Court after the metros were rechristened in the 1990s. The proposal of the Department of Justice in the Law Ministry is to bring a bill to rename the two high courts established in the 1860s under the Indian High Court Act, 1861. The ‘Indian High Court Act’ of 1861, vested in the Queen of England to issue letters patent to establish high courts of Calcutta, Madras and Bombay.


v The Cabinet has approved the establishment of ‘Fund of Funds for Startups‘ (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF) registered with SEBI which would extend funding support to startups. The fund will be built up over the 14th and 15th Finance Commission cycles to provide a stable and predictable source of funding for startup enterprises and facilitate large scale job creation. The central government has already sanctioned Rs 500 crore for the project in 2015-16, while Rs 600 crore has been earmarked in the 2016-17. Provisions will also be made to grant assistance through gross budgetary Support by Department of Industrial Policy and Promotion (DIPP), which will monitor and review performance in line with the ‘Start up India Action Plan’.


v Expanding its horizons, the Indian Space Research Organisation (ISRO) recently launched 20 satellites through a single rocket, surpassing its 2008 record of launching 10 satellites in a single mission. Besides the primary Cartosat-2 Series satellite, the PSLV C-34 rocket launched two satellites from Indian universities and 17 foreign satellites, including one for a Google company. The 725.5-kg Cartosat-2 series satellite would be for Earth observation and its imagery would be useful for cartographic applications, urban and rural applications, coastal land use and regulation, and utility management like road networking. In 2014, Russian Dnepr rocket launched a record 37 satellites in a single mission.

v Former Indian test captain Anil Kumble has been appointed as the head coach of Team India for one year. This was announced by BCCI recently. Kumble is the first Indian to be appointed full-time India coach since Kapil Dev resigned in September 2000.


v China has launched its first dark sky reserve for astronomical observation in the Tibetan prefecture of Ngari, bordering Nepal and India. The reserve covers an area of 2,500 square kilometre and aims to limit light pollution by stepping up protection of dark-sky resources for education and tourism development. It was jointly launched by the China Biodiversity Conservation and Green Development Foundation and the regional government of Tibet. The reserve will also try to seek accreditation from the International Dark-Sky Association, a non-profit organisation based in the US that is devoted to preserving and protecting the night time environment and dark skies globally. Ngari is among the best sites for astronomical observation on earth, due to its high altitude and large number of cloudless days throughout the year.



v As part of a Swachh Bharat Mission drive, the Union Ministry of Environment and Forests has decided to do away with garbage bins in 10 prominent wildlife parks and make visitors take their litter home. This was done because people dropped litter around garbage bins, inviting animals and thus aggravating the man-animal conflict. The parks have been compelled the visitors to arrange for jute bags to collect their trash. The ten wildlife parks identified are- Jim Corbett National Park, Coringa Wildlife Sanctuary in Andhra Pradesh; Gir Wildlife Sanctuary and National Park in Gujarat; Kanha Tiger Reserve in Madhya Pradesh; Tadoba Andhari Tiger Reserve in Maharashtra; Flamingo Sanctuary in Maharashtra; Nagarhole Tiger Reserve in Karnataka; Periyar Tiger Reserve in Kerala; Sariska Tiger Reserve in Rajasthan; and Mudumalai Tiger Reserve in Tamil Nadu.






Important Points @ Glance: Part 2

Important Points @ Glance: Part 3

Important Points @ Glance: Part 4

Important Points @ Glance: Part 5

Important Points @ Glance: Part 6

Important Points @ Glance: Part 7

Important Points @ Glance: Part 8

Important Points @ Glance: Part 9

Jun 25, 2016

[CA] Important Points @ Glance: Part 13

Important Points @ Glance: Part 13


v The World Day Against Child Labour was observed across world on 12 June to bring awareness against child labour. The observance seeks to bring together governments, employers and workers organizations, civil society, as well as millions of people from around the world to highlight the plight of child labourers and what can be done to help them. 2016 Theme: ‘End child labour in supply chains – It’s everyone’s business.’

v India’s solar dome project has been nominated for display in the Astana Expo 2017 that will be held in Kazakhstan. Prime Minister Narendra Modi has announced India’s participation in ‘Expo 2017 Astana’ during his visit to Kazakhstan. The main Theme of the Expo is to showcase cutting edge technologies. The subtitle for the Exhibition is ‘Reducing Co2 emission‘.

v India and Ghana have signed three bilateral agreements to strengthen co-operation in varied fields. The three agreements signed with Ghana include one for visa waivers for holders of diplomatic and official passports and one for setting up a Joint Commission. The commission will periodically review various aspects of the multi-dimensional relationship between the two countries. India is the largest foreign investor in Ghana today, with more than 700 projects. More than 222 of these projects are in the manufacturing sector. Bilateral trade between India and Ghana has increased to $1.2 billion from $538 million in 2010.

v Norwegian Parliament has pledged to make government’s public procurement policy deforestation-free. With this, Norway has become the first country in the world to prohibit deforestation.

India and Cote D Ivoire have inked an agreement to re-establish the headquarters of the Exim Bank in Abidjan after a gap of nearly two decades. The agreement was inked in the presence of the Presidents of India and Cote D Ivoire — Pranab Mukherjee and Alassane Ouattara. Cote D’Ivoire (also known as Ivory Coast), a francophone country, is the biggest producer and exporter of cashew nuts to India which procures nearly 80% of their total exports. It also leads the world in production and export of the cocoa beans used in the manufacture of chocolate, supplying 33% of cocoa produced globally. Meanwhile, President Pranab Mukherjee has been accorded the highest honour of Cote D’Ivoirie by its President Alassane Ouattara on his maiden visit here.

v In a first, an instrument onboard an orbiting spacecraft has measured the methane emissions from a specific leaking facility on Earth’s surface. The observation — by the Hyperion spectrometer on NASA’s Earth Observing-1 (EO-1) — is an important breakthrough in our ability to eventually measure and monitor emissions of this potent greenhouse gas from space.

v At the recently held the two-day Rajasva Gyan Sangam, Prime Minister Narendra Modi has asked senior tax officials to aim for widening the tax net from the present 5.4 crore households to 10 crore households — all non-agricultural income households — mainly, by changing their attitudes towards taxpayers. He has given a five-point charter to tax administrators embodied in the word ‘RAPID.’ These are: revenue, accountability, probity, information and digitisation. In India, while nearly 92% of India’s tax revenue comes from self-assessments, advance tax payments and tax deducted at source, the 42,000 taxmen raise barely 8% through assessments and scrutiny of returns. PM has also asked the officers to ensure their behaviour is soft and sober and change their attitude so that the fear of harassment is erased from the minds of taxpayers.

v State Bank of India has floated a Rs.200 crore fund to assist start-ups in the fintech space. The fund named ‘IT Innovation Start-up Fund’ will consider assistance of up to Rs.3 crore to a firm registered in India for promoting their business innovations using technology in financial services.

v The government has approved proposal to set up a Central Marine Police Force to protect sea, coasts, ports and vital institutions along 7,516-km national coastline. The detailed structure, operations and modalities of the force will be worked out in the coming weeks. The decision to have a central command for Marine Police elicited support from all ministers and officials from across states and Union territories participating in the marathon meeting.

Bengaluru’s Indian Institute of Science (IISc) is among the top 30 Asian universities in the 2016 Times Higher Education (THE) Asia University Rankings. This is the first time an Indian university has made it to the top 30, with IISc in 27th place. Eight Indian institutions are among the top 100 on the list and India has the most institutions overall among the top 200 South Asian universities list of THE. The other Indian universities in the top half of the ranking include the Indian Institutes of Technology in Bombay (43rd), Kharagpur (51st), Delhi (60th), Madras (62nd), Roorkee (65th), and Guwahati (joint 80th) and Jadavpur University in joint 84th place. Also, for the first time Singapore took the first two spots with the National University of Singapore and Nanyang Technological University in first and second place, respectively.






Important Points @ Glance: Part 2

Important Points @ Glance: Part 3

Important Points @ Glance: Part 4

Important Points @ Glance: Part 5

Important Points @ Glance: Part 6

Important Points @ Glance: Part 7

Important Points @ Glance: Part 8

Important Points @ Glance: Part 9