- Asian Games 2018
- For the first time, eSports, a form of competition using video games, and canoe polo will be contested as demonstration sports.
- This will be the second time that Indonesia hosts the Asian Games.
- This will be the first time that the Asian Games will be held in two cities – Jakarta and Palembang.
About Asian Games:
- The Asian Games, also known as Asiad, is a continental multi-sport event held every four years between athletes from all over Asia.
- Since 1982, the Games have been organised by the Olympic Council of Asia (OCA). Prior to that, the Games were regulated by the Asian Games Federation (AGF).
- The Games are the second largest multi-sport event after the Olympic Games.
- The last edition of the Games was hosted by Incheon, South Korea in October 2014.
- Coloured stickers to indicate nature of fuel:
The Supreme Court has accepted the Centre’s proposal to use hologram-based coloured stickers on vehicles, plying in the Delhi-National Capital Region (NCR), to indicate the nature of the fuel used.
- The Hologram-based sticker of light-blue colour will be used for petrol and CNG-run vehicles.
- Sticker of orange colour will be used for diesel-driven vehicles.
- Prompt Corrective Action (PCA)
- RBI has issued a policy action guideline (first in May 2014 and revised effective from April 1, 2017) in the form of PCA framework if a commercial bank’s financial condition worsens below a mark.
- The PCA framework specifies the trigger pointsor the level in which the RBI will intervene with corrective action. This trigger points are expressed in terms of parameters for the banks.
- The parameters that invite corrective action from the central bank are:
- Capital to Risk weighted Asset Ratio (CRAR)
- Net Non-Performing Assets (NPA) and
- Return on Assets (RoA)
- Leverage ratio
- When these parameters reach the set trigger points for a bank (like CRAR of 9%, 6%, 3% and Net NPAs between 10 to 15% ) the RBI will initiate certain structured and discretionary actions for the bank.
- As per the revised framework by the RBI capital, asset quality and profitability continue to be the key areas for monitoring. Along with this, leverage of banks also will be monitored.
- The some of the structured and discretionary actions that could be taken by the Reserve Bank are: recapitalization, restrictions on borrowing from inter-bank market to steps to merge/amalgamate/liquidate the bank or impose moratorium on the bank if its CRAR does not improve beyond etc.).
- The PCA framework is applicable only to commercial banks and not extended to co-operative banks, non-banking financial companies (NBFCs) and FMIs.
Mains Paper 3: Science & Technology | Indigenization of technology & developing new technology
Prelims level: Smart Anti Airfield Weapon, ATGM ‘HELINA’
Mains level: Defense production in India
HELINA is helicopter launched version known of NAG ATGM, designed and developed indigenously for Indian Army under integrated guided missile development programme (IGMDP). It is manufactured by India’s sole missile producer, state-owned Bharat Dynamics Limited. HELINA is one of the most advanced Anti-Tank Weapons in the world. It works on “fire and forget” principle and operates in Lock on Before Launch mode. It has operational range of 7-10km (after air-launched). It is equipped with highly advanced Imaging Infrared Radar (IIR) seeker along with integrated avionics. This technology is possessed by very few nations. It also possesses advanced passive homing guidance system. It has been designed mainly to destroy modern main battle tanks and other heavily armoured targets.
The Missile is guided by an Infrared Imaging Seeker (IIR) operating in the Lock on Before Launch mode. It is one of the most advanced Anti-Tank Weapons in the world.
SMART ANTI AIRFIELD WEAPON (SAAW)
SAAW project is India’s first fully indigenous anti-airfield weapon project sanctioned by Government in September 2013. It was indigenously developed by state-run Defence Research and Development Organisation (DRDO) in collaboration with IAF and the Research Centre Imarat (RCI). It will be inducted soon into the Armed Forces.
SAAW is long-range lightweight high precision-guided anti-airfield weapon. It is 120 kg smart weapon capable of engaging ground targets with high precision up to range of 100 km. It is designed for deep penetration with high degree of precision and is armed with high-explosive warhead, which is usually very difficult to achieve operationally with simple gravity bombs.
It is meant to deal debilitating damage to ground infrastructure such as runways, taxi ways, aircraft hangars and bunkers among other things. Depending on operational requirements, it can also be used against other ground targets to give Indian forces enhanced area-denial capabilities, like taking out ground infrastructure.
The guided bomb is considered to be one of the world-class weapons system. It is said to have higher precision and much cheaper compared with missiles. It can be integrated into varied types of multi role fighter jets of IAF such as MiG, Sukhoi Su-30 and ground attack SEPECAT Jaguar. SAAW’s deep penetration capabilities and high explosive warhead carrying capacity will enhance capability of IAF to easily hit targets across border without putting pilot and aircraft at risk.
- NABARD is an apex development bank in India.
- The Reserve Bank of India (RBI) holds the majority stake in it.
- Headquarters: Mumbai, Maharashtra.
- Established: 1982 on the recommendations of Shivaraman Committeeto implement the National Bank for Agriculture and Rural Development Act, 1981.
- It has been entrusted with matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities like industrial development in rural areas in India.
- Facilitate credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
- Support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas
Remission implies reducing the period of sentence without changing its character. For example, a sentence of rigorous imprisonment for two years may be remitted to rigorous imprisonment for one year.
1.Commutation:::: substitute the previous awarded punishment with lighter form.(high labour work while serving prison may b changed to simple imprisonment)
2.Reprieve::: stay of punishment for temporary time.(generally to prevent hasty death sentences;to give time to ask pardon )
3.Remission:::reduction in time period of the awarded punishment.(10 years of imprisonment reduced to 7)
- Pardon: Complete pardon
- Reprieve: Temporary suspension of sentence
- Respite: awarding less sentence
- Remission: Reducing amount of sentence
- Commutation: Changing one punishment to another.
Exercise Maitree 2018, a two week long platoon level joint military exercise between Indian Army and Royal Thai Army culminated on 19 August 2018. The Exercise Maitree is an annual event designed to strengthen the partnership between Royal Thai Army and Indian Army and the exercise commenced on 06 August 2018 in Thailand.
The exercise began with a cross training period involving familiarization training between two armies to evolve drills and procedures involved in counter insurgency & counter terrorist operations in urban, rural and jungle terrain under UN mandate.
|Ajeya warrior||United Kingdom|
|Hand in hand||China|
- International Conference on Recent Advances in Food Processing Technology (iCRAFPT)
Mains Paper 3: Indian Economy | Food processing and related industries in India- scope and significance, location, upstream and downstream requirements, supply chain management.
International Conference on Recent Advances in Food Processing Technology (iCRAFPT) got underway today at Indian Institute of Food Processing Technology, Thanjavur in Tamilnadu.
Food processing sector in India
- The unorganised segment dominates in numbers (about 25, 00,000 in 2015-16) of small enterprises and workers, but the organised segment (about 40,000) dominates in terms of value of the output and investment.
- The percentage share of the organised/registered food processors is hardly 1.5 percent of the total food processors.
- India’s export basket of food produces contains 75% of the fresh F&V and unprocessed item and only 25% of processed products.
About Indian Institute of Food Processing Technology (IIFPT)
- IIFPT is a premier national Institute working under the administrative control of Ministry of Food Processing Industries (MoFPI), Government of India functioning from its headquarters in Thanjavur, Tamil Nadu.
- The mandate of the Institute at its inception was to seek solutions for preserving high moisture paddy because the paddy harvest season in Southern India coincided with the tail end of the South West monsoon.
- The Institute was later upgraded as a national laboratory with the name Paddy Processing Research Centre (PPRC) in 1972.
- At the time of up-gradation the mandates of the Institute were also changed and the scientists in the Institute focused their research in identifying technologies for post harvest procession and preservation of paddy.
- The institute has been organizing an International Conference on Recent Advances in Food Processing Technology (iCRAFPT) during 17thto 19th August 2018 with the theme of Doubling farmers’ income through food processing
- Rythu Bima
Mains Paper 2: Governance | Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.
- Rythu Bima group life insurance scheme is introduced by the Telangana government for all the landholding (pattadar) farmers in the age group of 18-59 years from August 14.
- It is proving to be an instant aid to their families in case of death of the enrolled farmer, irrespective of the cause either natural or otherwise.
- The death of farmers with any reason is compensated within a maximum time of seven days by NEFT transaction by crediting the amount of ₹5 lakh each to the nominees.
Consider the following pairs
- Maitree India- Thailand
- Yudh Abhyas India- China
- Surya Kiran India-Nepal
Which of the above pairs is/are correctly matched
- 1 Only
- 1 and 3 Only
- 2 and 3 Only
- 2 only
Consider the following statements
- NABARD is a member of the alliance for financial inclusion
- It serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
Select the correct answer using the code below
- 1 only
- 2 only