Infrastructure Debt Funds

Infrastructure Debt Funds

  • In Sept 2011, RBI issued guidelines for permitting banks and NBFCs to set up IDFs to help meet long term financing for the sector
  • IDFs would be set up either as MFs or NBFCs
  • NBFC sponsoring IDF-MF should have a minimum net owned funds of Rs 300 crore and CAR of 15 percent
  • Besides, its NPAs should be less than 3% of net advances and the NBFCs should have been in existence for at least five years and earning profits for the last three years
  • Banks and NBFCs would be eligible to sponsor IDFs as mutual funds with prior approval of the RBI
  • SEBI has amended the Mutual Funds Regulations to provide regulatory framework for IDF-MFs
  • Banks acting as sponsors to IDF-MFs would be subject to existing prudential limits including limits on investments in financial services companies and limits on capital market exposure

27.01.18 Meghalaya(MeghalayaPSC) Current Affairs

NORTH-EASTERN STATES

  • Model Code of Conduct in full swing in Nagaland
  • Nagaland Chief Electoral Officer Abhijit Sinhahas asked banks to report daily to the district election officer on suspicious withdrawal of cash from the bank account of any individual.

 

  • If cash exceeding Rs 50,000 was found in a vehicle carrying a candidate, his agent or party worker, it would be seized.

 

  • The directives were issued as part of the Model Code of Conduct which is in force in Nagaland in view of the elections to the 60-member Assembly on February 27.

 

  • Posters, election materials or drugs, liquor, arms or gifts items valued at more than Rs 10,000, likely to be used for inducement of electors, or any other illicit articles also found in a vehicle, shall also be seized, the statement said.

 

  • Unauthorized political advertisements at private property should also be removed.

 

  • There is a total ban on the use of official vehicles by any political party, candidate or agent for campaigning, electioneering or election-related travel during elections.

 

 

 

INTERNATIONAL

 

·        Doomsday Clock set to 2 mins to midnight closest since 1953

 

  • The Doomsday Clock close the planet is to an apocalypse was set at2 minutes to midnight, the closest since 1953 during the Cold War.
  • The Clock was moved 30 seconds forward compared to 2017, citing growing nuclear risks and climate dangers.
  • The Clock is maintained since 1947 by scientists worldwide including 15 Nobel Laureates.

 

Gk bit – Doomsday Clock

 

  • The Doomsday Clock has moved closer to midnight, from two-and-a-half minutes to two minutes.

 

  • The Doomsday Clock was created by the board of the Bulletin of the Atomic Scientistsin 1947 as a response to nuclear The concept is simple – the closer the minute hand is to midnight, the closer the board believes the world is to disaster.

 

 

  • The clock was originally conceived by a group of atomic scientists who had been involved with the Manhattan Project, the scheme responsible for the first nuclear weapons. The scientists regularly produced a bulletin detailing progress and updates in nuclear weaponry and the clock was first designed as an illustration for the cover of the first edition.

 

  • Since then, the clock has moved backwards and forwards – from seventeen minutes to midnight in 1991 to two minutes to midnight in 1953.

 

 

  • India offers to create digital villages in ASEAN countries

 

  • India has offered to enhance rural connectivity in fellow Association of Southeast Asian Nations during the ASEAN-India Commemorative Summit.

 

  • Prime Minister, Narendra Modi said, “India offers to undertake a pilot project on rural connectivity, which would create digital villages in Cambodia, Lao PDR, Myanmar and Viet Nam.”

 

  • PM Modi also proposed the ASEAN countries declare 2019 as the ASEAN-India Year of Tourism.

 

 

 

NATIONAL

 

  • President of India Receives Asean Heads of State and Government

 

  • The President of India, Shri Ram Nath Kovind, received the ASEAN Heads of State and Government at Rashtrapati Bhavan on January 25, 2018 and hosted a lunch in their honour.
  • Speaking on the occasion, the President said that India-ASEAN relations have come a long way since we established our Dialogue Partnership with ASEAN on January 28, 1992.

 

  • Today, ASEAN is a Strategic Partner for India.

 

  • We have 30 dialogue mechanisms between India and ASEAN, including Annual Summits and 7 Ministerial Meetings in a wide range of sectors.

 

  • Ministry of Highways signs MoU with IL&FS for construction of Zojila tunnel

 

  • An MoU was signed between National Highways and Infrastructure Development Corporation (NHIDCL) under the Ministry of Road Transport & Highways, and M/S IL&FS Transportation Networks Ltd for construction of the 14.150  km long,  2-lane bi-directional Zojila Tunnel in Jammu & Kashmir .

 

  • This would be India’s longest road tunnel and the longest bi-directional tunnel in Asia.

 

  • The construction of this tunnel will provide all weather connectivity between Srinagar, Kargil and Leh and will bring about all round economic and socio-cultural integration of these regions.

 

·        Small Finance Banks and Payment Banks to offer Atal Pension Yojana

 

  • Payments Banks and Small Finance Banks are a New Model of banks conceptualized by the Reserve Bank of India (RBI).
  • 11 Payment Banks and 10 Small Finance Banks have received a license from Reserve Bank of India to start banking operations in India.
  • Small Finance Banks and Payment Banks are new age banks and given the strength of the bank, expertise and it reaches, Small Finance Bank and Payment Bank can play a pivotal role in the outreach of 83 lacs subscribers under Atal Pension Yojana (APY).
  • APY is a Government’s Old Age Pension Scheme being implemented through all Banks across the country as per the mandate received from the Ministry of Finance and monitored periodically at PMO. PM Narendra Modi had launched the Social Security Scheme on May 9th, 2015 and dedicated the First Ever Guaranteed Pension Product to the people of the country.

 

·        Maharashtra wins best tableau prize in Republic Day parade

 

  • The Punjab Regiment has bagged the award for the best marching contingent among the three services and the Indo-Tibetan Border Police among the paramilitary and other auxiliary forces in the Republic Day parade.

 

  • Maharashtra got the first prize for the best tableau.

 

  • Maharashtra’s tableau was titled Chhatrapati Shivaji Maharaj coronation.

 

  • Assam’s tableau depicting traditional “masks and sastras” bagged the second prize.

 

  • The third prize went to Chhattisgarh’s display of Ramgarh’s ancient amphitheatre and artistes performing dance based on Kalidasa’s Meghadootam.

 

  • Among the tableaux by Union Ministries and departments, the first prize went to KheloIndia of the Youth Affairs and Sports Ministry.

 

  • Of the 23 tableaux, 14 were from the States and Union Territories.

 

  • The External Affairs Ministry presented two tableau depicting the “long socio-cultural, religious, educational and trade relations” between India and ASEAN countries.

 

·        Govt. to set up apex cybercrime coordination centre

 

  • To deal with cybercrimes such as financial frauds, circulation of communal and pornographic contents, the Union Home Ministry is planning to set up an apex coordination centre and has asked States to establish a similar mechanism in every district.
  • It has also released ₹83 crore for setting up of a cyber forensic training laboratory-cum-training centre for police officials in each State. The funds were given under the Cyber Crime Prevention against Women and Children Scheme.
  • The apex centre — Indian Cyber Crime Coordination Centre (I4C) — would be set up in Delhi.
  • It would coordinate with State governments and Union Territories, and closely monitor the cyberspace and social media with due emphasis on vernacular content.
  • The centre would also block those websites which flout India’s laws and circulate child porn, and communally and racially sensitive content.
  • State governments have also been asked to set up a State cybercrime coordination cell at the headquarter-level and also establish district cybercrime cells.
  • The Ministry has already created a new wing — Cyber and Information Security Division — to deal with the new-age challenge.
  • The cybercrime cases are of varied types. These range from defacement of government websites, online financial frauds, online stalking and harassment, and data thefts. Each requires specialised investigative skill sets and forensic tools.
  • Phishing, scanning or probing, website intrusions and defacements, virus or malicious code and denial of service attacks are some types of cybercrimes.

 

Internet Protocol version 6

Internet Protocol version 6 (IPv6) is a version of the Internet Protocol (IP). It is designed to succeed the Internet Protocol version 4 (IPv4). While IPv4 allows 32 bits for an Internet Protocol address, and can therefore support 232 (4,294,967,296) addresses, IPv6 uses 128-bit addresses, so the new address space supports 2128 (approximately 340 undecillion or 3.4×1038) addresses. This expansion allows for many more devices and users on the internet as well as extra flexibility in allocating addresses and efficiency for routing traffic. It also eliminates the primary need for network address translation (NAT), which gained widespread deployment as an effort to alleviate IPv4 address exhaustion.
IPv6 also implements additional features not present in IPv4. It simplifies aspects of address assignment (stateless address autoconfiguration), network renumbering and router announcements when changing Internet connectivity providers.
The Internet Protocol Suite is the set of communications protocols used for the Internet and other similar networks.
The Internet Protocol (IP) is the principal communications protocol used for relaying datagrams (packets) across an internetwork using theInternet Protocol Suite. Responsible for routing packets across network boundaries, it is the primary protocol that establishes the Internet.

Read moreInternet Protocol version 6

Conspiracy Cases/ Revolutionary Act

 
Nasik Conspiracy Case Anant Kanhare & Ganesh Savarkar short dead collector Jackson of Nasik
with the revolver sent by V.D. Savarkar
Muzaffarpur Shooting 1908. Khudi Ram & Prafulla Chaki tried to bomb Kingsford, the District
Judge of Muzaffarpur but instead his wife & daughter died.  Khudiram a
minor was hanged & Prafulla Chaki shot himself dead.
Delhi Conspiracy Case When Lord Hardinge was passing through a procession celebrating the
shifting of Capital to Delhi a bomb was thrown on him. 13 people were
arrested. Master Amir Chand, Awadh Bihari, Bal Mukund & Basant Kumar
Biswas were hanged whereas Ram Bihari Bose succeded in fleeing to Japan.
Gadar Movement 1915 Baba Sohan Singh Bakhna (president) Lala Hardayal (secretary) and Pandit
Kashiram (treasurer) at San Franscisco. A paper by the name of Gadar was
also brought out by this party. Raja Mahendra Pratap even set up a
government in exile for India’s independence at Kabul.
Lahore Conspiracy Case A raid was conducted quash the activities of Gadar revolutionaries. Bhai
1915 Parmanand was arrested. Vishnu Ganesh Pingle & Kartar Singh Sarabha
were also arrested. Baba Sohan Singh Bakhna were transported for life.
Kakori Conspiracy Case Ram Prasad Bismil, Rajendra Lahiri, Roshan Singh & Ashfaqullah Khan
1925 (first Muslim) were hanged. Sachindranath Saynal was sentenced to life
imprisonment. Chandra Sekhar Azad was also involved but he escaped.
Meerut Conspiracy 1929 Thirty-one Communist leaders arrested for sedition: Trial lasted 4 years
Chittagong Armoury Raid Under the leadership of Suryasen on government armouries at Chittagong,
1930-32 Mymen Singh & Barisal. Ambika Chakraborti, Loknath Bal & Ganesh
Ghose were prominent leaders involved. Among the girls, Kalpana Dutt,
Preetilata Waddekar were in the forefront. A fight took place in Jalalabad
hills where a number of revolutionaries were killed.

Impacts of Globalisation:-

Definition of Globalization :- Its a process(not an outcome) characterized by increasing global Interconnections by gradual removal of barriers to trade and investment between nation and higher economic efficiency through competitiveness.

Various economic, political, social and cultural effects of globalization are as follows:-

Economic:-
  • Breaking down of national economic barriers
  • International spread of Trade, Financial and productive activities
  • Growing power of transnational cooperation and International financial Institutions(WTO, IMF)Through the process of:-

1- Liberalization- relaxation of restrictions, reduction in role of state in economic activities,decline in role of govt in key industries, social and infrastructural sector.

2- Privatization- Public offering of shares and private sale of shares, entry of private sector in public sector and sale of govt enterprises.

3- FDI

4- International regulatory bodies(WTO,IMF)

5- MNC’s

6- Infrastructural development

7- Expansion of information and communication technology and birth of information age.

8- Outsourcing of services- ie BPO and Call Centres.

9- Trade related intellectual property rights(TRIPS)- product based patent rather than process based.

Social effects:-
  • Withdrawal of National govt from social sectors ie declining share of govt in public spending, reducing social benefits for worker(social dumping,pension cuts,subsidies reduction)
  • Labor  reforms and deteriorating Labor welfare:-
    • Labour Market deregulation:-
      • Minimum wage fixing
      • Employment security
      • Modifying tax regulation
      • Relaxed standards of security
    • Increased Mechanization demands skilled labour and thus loss of job for unskilled labour
    • Loss of jobs for traditional workers for example bihar silk workers due to imported Chinese- Korean silk
  • Feminism of Labour ie increased women participation specially in soft industries
  • Trickle down theory of poverty reduction has limited success and in agricultural nations poverty has infect increased.
  • Unsustainable development practices such as:- excessive use of fertilizers, irrigation, fish trawling by mnc’s(Protein flight ),Exploitation of natural resources by MNC’s.
  • Migration and urbanization have lead to problem of slums
  • Commercialization of indigenous knowledge:- patenting
  • Rising inequality in wealth concentration

 

Cultural:-
  • Increased pace of cultural penetration
  • Globalization of culture
  • Development of hybrid culture
  • Resurgence of cultural nationalism ie shivsena opposing valentine day

 

Political:-
  • Globalization of National Policies- Influenced by International agencies
  • Reducing economic role of govt
  • Political lobbying

 

Positive effects of Globalization
  • Increased competition
  • Employment generation
  • Investment and capital flow
  • Foreign trade
  • Spread of technical know how
  • Spread of education
  • Legal and ethical effects
  • Improved status of women in the society
  • Urbanization
  • Agriculture:- greater efficiency,productivity, use of HYV seeds, Future contracts and cooperative farming
  • Higher standard of living

 

 

 

 

 

 

History of the world

History of the world will include events from 18th century such as industrial revolution, world wars,redrawal of national boundaries, colonization, decolonization, political philosophies like communism,capitalism, socialism etc.- their forms and effect on the society. 

wel for the said topic we have a ncert of class 11 history its link is as follow-
https://drive.google.com/folderview?id=0B_FR6Jkv0z2cX0hKX29qQ3M4Rlk&usp=sharing

and for those jin ka ncert se pet nahi bharta
https://docs.google.com/file/d/0B_FR6Jkv0z2cX1R5Y0YyYVJtTTg/edit?usp=sharing

[jetpack_subscription_form title=”Subscribe to MeghalayaPSC Notes” subscribe_text=”Never Miss any MeghalayaPSC important update!” subscribe_button=”Sign Me Up” show_subscribers_total=”1″]