December 2019

Daily Current Affairs (07-12-19)

POLITY & GOVERNANCE

INDIA’S TOP 10 POLICE STATIONS

Related Topic in KAS Prelims Syllabus:

Governance [Paper-I]: Public Policy and Governance

Why in News?

Central government has released the list of best performing Police stations from across the country.

News in Detail

  • Aberdeen in Andaman and Nicobar Islands was selected as the best police station in India, followed by Balasinor in Gujarat and Ajk Burhanpur in Madhya Pradesh.
  • These rankings were based on a range of parameters such as addressing the number of offences related to property disputes, crime against women and crime against weaker sections at a police station.
  • The objective was to rank the top 10 Police Stations out of 15,579 Police Stations in the country through data analysis, direct observation and public feedback.
  • The annual ranking of Police Stations gives an insight into the functioning of the police and provides valuable inputs to formulation of public policy in the wider realm of internal security.
  • The objectivity of the exercise has been ensured by the extensive use of the Crime and Criminal Tracking Network and Systems (CCTNS) database and on ground survey conducted by a third party agency.
[Source: PIB]

 

FINANCE COMMISSION

Related Topic in KAS Prelims Syllabus:

Indian Constitution [Paper-I]: Constitutional Authorities – Powers, Functions and Responsibilities

News

  • 15th Finance Commission submitted its interim report on devolution formula for the financial year 2020-21 to President Ram Nath Kovind.
  • The devolution formula spells out how the Centre plans to share the taxes collected by it with the States.
  • The report will first be studied and then a final view will be taken by the Cabinet following which it will be tabled in Parliament just before the Union Budget next year.
  • Only after that, the contents will be made public.

15th Finance Commission

  • 15th Finance Commission was constituted by the President on November 27, 2017.
  • The Commission will make recommendations for a five-year period from April 1, 2020 to March 31, 2025.
  • It consists of a Chairman and 4 other members who are all will be appointed by the President.
  • N.K. Singh is the Chairman of 15th Finance Commision of India.
  • The main tasks of the commission include strengthen cooperative federalism, improve the quality of public spending and help protect fiscal stability.
  • It was constituted against the backdrop of the abolition of Planning Commission (as also of the distinction between Plan and non-Plan expenditure) and the introduction of the Goods and Services Tax (GST), which has fundamentally redefined federal fiscal relations.
  • The Terms of Reference of the current Commission have some distinctive features, including recommending monitorable performance criteria for important national flagship programmes and examining the possibility of setting up a permanent non lapsable funding for India’s defence needs.

About Finance Commission

  • Finance Commission is a constitutionally mandated body that is at the centre of fiscal federalism.It was set up under Article 280 of the Constitution.
  • The first Finance Commission was set up in 1951 and was chaired by K.C. Neogy.
  • The core responsibility of the Commission is to evaluate the state of finances of the Union and State Governments, recommend the sharing of taxes between them and lay down the principles determining the distribution of these taxes among States.
  • Its working is characterised by extensive and intensive consultations with all levels of governments, thus strengthening the principle of cooperative federalism.
  • Its recommendations are also geared towards improving the quality of public spending and promoting fiscal stability.

[Source: The Hindu, fincomindia.nic]

 

SCIENCE & TECHNOLOGY

WDJ0914+1914: GIANT PLANET ORBITING A WHITE DWARF STAR

Related Topic in KAS Prelims Syllabus:

Science and Technology [Paper-II]: Technology in Space

Why in News?

For the first time, astronomers have discovered evidence for a giant planet orbiting a tiny, dead white dwarf star.

News in Detail

  • 4.5 billion years from today, Sun will run out of fuel and shed its outer layers.
  • In the process, it will destroy Mercury, Venus and probably Earth, and is expected to radiate enough high energy photons to evaporate Jupiter, Saturn, Uranus and Neptune.
  • What will remain of the Sun is called a white dwarf”.
  • Astronomers from the University of Warwick and the University of Valparaíso have reported the first indirect evidence of a giant planet orbiting a white dwarf star (WDJ0914+1914).
  • The Neptune-like planet orbits the white dwarf every ten days, and cannot be seen directly.
  • The planet is about four times as big as the white dwarf, which is roughly the same size as Earth.
  • Spikes of gas were detected by the Very Large Telescope of the European Southern Observatory in Chile.

Significance

  • While there was growing evidence accumulated in the past two decades that planetary systems can survive into white dwarf stars, only smaller objects such as asteroids had been detected so far.
  • This is the first evidence of an actual planet in such a system.

[Source: Indian Express, nasa.gov]

 

FACTS OF THE DAY

INDIA AND UGANDA TO DEVELOP NEW SEED VARIETY
  • Cotton Development and Research Association (CDRA) of Southern India Mills’ Association has signed an agreement with Cotton Development Organisation and National Agricultural Research Organisation of Uganda to develop a cotton seed variety that will help increase the income of farmers in both the countries.
  • The 18-month project will look at technology exchange between the two countries to develop a cotton seed variety that will give higher yield and ginning out turn.
  • Uganda grows 100% organic cotton and cotton grown by the farmers in Uganda gives higher ginning out turn compared with Indian cotton.
  • However, the yields from the varieties developed by the CDRA are higher compared with the Ugandan cotton seed.
  • Scientists will work together and seed varieties will be tested in both India and Uganda. The aim is to develop a long-staple cotton seed variety that will increase the income for cotton farmers in Uganda.
  • Southern India Mills Association Cotton Development and Research Association (SIMA CDRA) is a registered non profit making service oriented organization.
  • CDRA was established in the year 1974 by the textile mills in the Southern States of Andhra Pradesh, Karnataka, Kerala, Pondicherry and Tamil Nadu.
  • The main objective of CDRA is to promote the development of cotton farming for enhancing cotton productivity, production and quality and make available raw cotton at reasonable price to the textile mills.
ALLOCATION OF 5 COAL MINES
  • Ministry of Coal, after a long gap of 4 years, has approved the allocation of five Coal Mines.
  • Of the five mines, two were allocated to Birla Corporation Ltd and one each to Vedanta Ltd, Prakash Industries Ltd, and Powerplus Traders Pvt Ltd.
  • According to the government, the mines will generate revenue of Rs 17,136 crore for the government.
  • For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the coal produced in the open market.
INDIAN ARMED FORCES FLAG DAY
  • Indian Armed Forces Flag Day is observed every year on December 7 since 1949 to honour the soldiers, airmen and sailors of India who fought on the borders to safeguard the country’s honour.
  • It is a day dedicated to collection of funds from people for the welfare of the Armed Forces personnel.
  • The main purpose of the observation is rehabilitation of battle casualties, resettlement and welfare of ex-servicemen and their families and welfare o
  • The three branches of the Armed Forces, the Indian Army, the Indian Air Force and the Indian Navy, organise a variety of programmes to showcase their efforts towards national security.
  • Car flags and small flags in deep blue, red and light blue colors representing the three services are distributed in return for donations.
NATIONAL STOCK EXCHANGE (NSE)
  • National Stock Exchange (NSE) has appointed Girish Chandra Chaturvedi as its new chairman.
  • The appointment comes following the approval of the markets regulator Securities and Exchange Board of India (SEBI).
  • National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by numbers of trades in equity shares from January to June 2018, according to World Federation of Exchanges (WFE) report.
STARTUP INDIA GLOBAL VENTURE CAPITAL SUMMIT 2019
  • DPIIT in partnership with Government of Goa organized the 2nd edition of the Startup India Global Venture Capital Summit, on 6th and 7th of December, 2019 for Fund Managers and Limited Partners of Top Global Venture Capital Firms.
  • The theme for Startup India Global Venture Capital Summit 2019 is India Opportunity – Investing in tomorrow together’.
  • The focus of the Summit is to mobilize global capital for innovation in India.
  • The Summit will bring together a series of engagements involving over 350 representatives of leading Global Venture Capital Firms, Limited Partners, Family Offices, High-Network Individuals, Government of India officials, top Corporates, and select innovative Startups.
  • The key objectives of the Summit are to showcase the India’s opportunity in the sectors of E-Mobility, FinTech, MedTech, Enterprise Software, EdTech, Genomics and Lifesciences
  • Through this event, Startup India is providing the Indian startups an opportunity to meet Top Global Investors at the event to get business guidance and to discuss investment opportunities.

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