daily-news-prescription-11-june-2020

GS2: Governance

  • Rankings don’t reflect level playing field(TH)  The National Institution Ranking Framework, launched in 2016, has a different focus than most world rankings. It uses parameters related to student and faculty strength, use of financial resources, research papers and patents, graduation outcomes, inclusivity and gender, geographical, disability and socio-economic diversity as well as perception and reputation.
  • Coming back to MGNREGA(IE) On MGNREGA, there is a four-fold path that the BJP government needs to adopt. First, it should ensure that each registered worker receives the full 100 days of work. This is critical after the pandemic. Second, wages need to be further revised and linked to the rural consumer price index. The current MGNREGA wage of Rs 202 a day is 40-50 per cent lower than the average unskilled daily wage in India. An expert committee had suggested in 2019 that it be revised to Rs 375 a day.

GS2: International Relations

  • An unravelling of the Group of Seven(TH)  The seven largest emerging economies (E7, or “Emerging 7”), comprising Brazil, China, India, Indonesia, Mexico, Russia and Turkey, account for over a third of global GDP on purchasing power parity (PPP) terms, and over a quarter on MER basis. India’s economy is already the third largest in the world in PPP terms, even if way behind that of the U.S. and China.
  • China disregarding historic commitments on Naku La’(TH) According to the Convention, the boundary in the area is based on the watershed principles. Its Article 1 states, “The boundary of Sikkim and Tibet shall be the crest of the mountain range separating the waters flowing into the Sikkim Teesta and its affluents from waters flowing into the Tibetan Mochu and northwards into other rivers of Tibet. …follows the above mentioned water-parting to the point where it meets Nipal Territory”.

 

  • U.S. report takes note of CAA, NRC(TH) The Office of International Religious Freedom (IRF) in the State Department and the USCIRF were created by the American “International Religious Freedom Act of 1998”, but are separate entities and the USCIRF’s recommendations are non-binding on the State Department.

GS3: Economy

  • The fault in our drafts(TH)The ordinance inserting Section 10A in the Insolvency and Bankruptcy Code has opened itself up to a legal challenge
  • Explained: Why companies are going for rights issue amidst Covid-19 pandemic(IE) A rights issues is a mechanism by which companies can raise additional capital from existing shareholders. While existing shareholders may not necessarily be able to participate in other fund-raising mechanisms like QIPs, preferential allotment etc, rights issue is a more democratic approach to raising funds as it allows the existing shareholders the right to invest first in the company.
  • QCI Celebrates the World Accreditation Day 2020;(PIB) QCI Celebrates the World Accreditation Day 2020; Role of credible, competent accreditation for improving food safety highlighted. The World Accreditation Day (WAD) is celebrated on 9th June every year to highlight as well as promote the role of accreditation in trade & economy.

GS3: Environment

  • How Gujarat estimated its lion population without holding a census(IE) Conducted once every five years, the Lion Census was due on June 5-6 this year, but was postponed after the lockdown was announced on March 24.
  • Gujarat’spride grows as it now hosts 674 Gir lions(TH) June 5 census of Asia’s exclusive population indicates numbers have risen by 29% over five years.
  • New guidelines for import of exotic species(TH) The advisory issued earlier this month defines “exotic live species” as animal or plant species moved from their original range (location) to a new one. Several exotic species of birds, reptiles, small mammals, fishes and even some plants are imported.
  • GM seeds: the debate, and a sowing agitation(IE) Bt cotton, the only GM crop that is allowed in India, has two alien genes from the soil bacterium Bacillus thuringiensis (Bt) that allows the crop to develop a protein toxic to the common pest pink bollworm. Ht Bt, on the other, cotton is derived with the insertion of an additional gene, from another soil bacterium, which allows the plant to resist the common herbicide glyphosate.