daily-news-prescription-16-september-2020

GS2: Polity & Governance

  • Parliament and its panels(TH) According to sub-rule (4) of Rule 331D of the Lok Sabha Rules and sub-rule (3) of Rule 269 of the Rajya Sabha Rules, the term of office of the “members” of the committees shall not exceed one year. Thus, it is the term of office of the members and not that of the committees per se that is one year.
  • Essential Commodities Bill passed(TH) The Lok Sabha passed the Essential Commodities Amendment Bill by a voice vote on Tuesday evening. The Bill proposes to deregulate the production, storage, movement and sale of several foodstuffs, including cereals, pulses, edible oils and onions, except in the case of extraordinary circumstances.
  • Aircraft (Amendment) Bill cleared in Rajya Sabha The Bill gives statutory powers to the Directorate General of Civil Aviation, the Bureau of Civil Aviation Security and the Aircraft Accident Investigation Bureau. Civil Aviation Minister Hardeep Puri said the changes were necessary in view of the growth of the sector. The Bill empowers the aviation watchdog DGCA to levy penalties of upto ₹1 crore on airlines, airports and other aviation entities.

GS2: International Relations

  • United States welcomes India’s role in Afghan peace talks(TH) Mr. Khalilzad appreciated India’s participation in the Intra-Afghan Negotiations (IAN) held in Doha on September 12. He briefed about the U.S. assessment of the IAN and shared the U.S. perspective on the Afghan peace process,”
  • India beats China to win election to UN commission on women (IE) The 54-member ECOSOC, holding the first plenary meeting of its 2021 session in the General Assembly Hall on Monday, held elections for two seats in the Asia-Pacific States category with Afghanistan, India and China in the fray.
  • UAE, Bahrain sign historic pact with Israel at the White House (IE) On August 13, the Israel-UAE deal was announced. That was followed by the first direct commercial flight between the countries, and then the Sept. 11 announcement of the Bahrain-Israel agreement.
  • As UN turns 75, the celebration is muted by calamity and conflict But its basic structure gives little real power to the main body, the General Assembly, and the most to the World War II victors — Britain, China, France, Russia and the United States — with each wielding a veto on the 15-seat Security Council as permanent members. The council is empowered to impose economic sanctions and is the only U.N. entity permitted to deploy military force.

GS3: Economy

  • RBI issues draft on rupee IR derivatives(TH) Interest Rate Derivatives (IRDs) are contracts whose value is derived from one or more interest rates, prices of interest rate instruments, or interest rate indices.
  • Export ban on onions: cause, likely effect (IE) The numbers, which measures the inflation was 6.69 per cent a tad bit lesser than the 6.73 of last month but well above the Reserve Bank of India (RBI)’s target of 6 per cent. The Consumer Food Price Index (CFPI) for August was 9.05 as against 9.27 of last month.
  • The impossible trilemma (IE) In the face of rising appreciation pressure, the RBI has been actively intervening in the foreign exchange markets to prevent the rupee from strengthening further. It has been buying dollars both in the spot and in the forward markets.
  • A constant irritant to power (IE) In ‘Kesavananda Bharati’ case, Supreme Court redefined the relationship between judiciary, executive and legislature. And set limits — constitutional dismemberment is not allowed in the name of amendment.

GS3: Science and Tech

  • Venus in focus(TH) There was some excitement when the European Space Agency’s mission, Venus Express, found signs of ozone, made of three oxygen atoms and considered a biomarker, in the upper atmosphere of Venus, in 2011. But the recent discovery of traces of phosphine, another biomarker, in its atmosphere has just given the search for extraterrestrial life a shot in the arm.

PIB Corner

  • Garib Kalyan Rojgar Abhiyan Rural Development Ministry and other 11 participating Ministries and six State Government regularly monitors the implementation of the Abhiyaan. A Central Nodal officer has been appointed for each Ahiyaan District to guide and facilitate the districts as also monitor Abhiyaan
  • Misleading advertisements The Consumer Protection Act, 2019 provides for establishment of a Central Consumer Protection Authority (CCPA) to regulate matters relating to violation of rights of consumers, unfair trade practices and false or misleading advertisements which are prejudicial to the interests of public and consumers and to promote, protect and enforce the rights of consumers as a class.