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Monthly DNA
27 Jun, 2020
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Extension of Sub-Categorization of OBCs
GS-PAPER-2 OBC
Recently, the Union Cabinet has approved a six-month extension to the commission appointed to examine sub-categorization of Other Backward Classes (OBCs), up to 31st January 2021. The commission is headed by Justice (Retd.) G Rohini. It was constituted under Article 340 of the Constitution with the approval of the President on 2nd October 2017.
It had been constituted to complete the task of sub-categorising 5000-odd castes in the central OBC list so as to ensure more equitable distribution of opportunities in central government jobs and educational institutions.
National Commission for Backward Classes
NOW It is a constitutional body established in 1993 under Ministry of Social Justice and Empowerment. It was constituted pursuant to the provisions of the National Commission for Backward Classes Act, 1993.
The 102nd Constitution Amendment Act, 2018 provided constitutional status to the National Commission for Backward Classes (NCBC), which was previously a statutory body.
NCBC has the authority to examine complaints and welfare measures regarding socially and educationally backward classes. In 2015, the National Commission for Backward Classes (NCBC) had recommended that OBCs should be categorized into extremely backward classes, more backward classes and backward classes. The benefits of the reservation in OBCs are being cornered mostly by the dominant OBC groups over the years so there is a need to recognize sub-quotas for the extremely backward classes within the OBCs.
Source: PIB
Directorate of Revenue Intelligence (DRI)
It is India's chief anti-smuggling intelligence, investigations and operations agency. It is headed by a Director General of the rank of Special Secretary to the Government of India. It works to secure India's national and economic security by preventing the outright smuggling of contraband such as firearms, gold, narcotics, Fake Indian Currency notes, antiques, wildlife and environmental products.
It is also a part of the following –
Recently, DRI has busted a wildlife smuggling syndicate that smuggled different varieties of macaws. Those exotic and highly endangered birds had been smuggled via the Indo-Bangladesh border without any licit documents. The joint operation was carried out in coordination with the Wildlife Crime Control Bureau (WCCB) and the Customs Department at the Kolkata airport.
WCCB – Wild life crime control Board
It a statutory body under the Ministry of Environment, Forest and Climate Change to combat organized wildlife crime. The Wild Life (Protection) Amendment Act, 2006 provisions came operational in the year 2008. UNEP has also awarded WCCB with Asia Environment Enforcement Award, 2018. WCCB is also partnering with United Nations University and CIESIN-Earth Institute at Columbia University through the Wildlife Enforcement Monitoring System Initiative.
Macaws
Macaws are long-tailed, often colorful, New World parrots. They are popular in aviculture or as companion parrots, although there are conservation concerns about several species in the wild.
They are native to Central America and North America (only Mexico), South America, and formerly the Caribbean. Most species are associated with forests, especially rainforests, but others prefer woodland or savannah-like habitats. A macaw's facial feather pattern is as unique as a fingerprint. The largest macaws are the hyacinth, Buffon's (great green) and green-winged macaws. Many of the Macaw species lies between Vulnerable, Endangered or Critically Endangered under IUCN.
Source: TH
Paper- GS-3 Food security (PT-M-IV)
The MSP is the rate at which the government buys grains from farmers. The reason behind the idea of MSP is to counter the price volatility of agricultural commodities due to the factors like variation in their supply, lack of market integration and information asymmetry.
The MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP) (PT).
Factors taken into consideration for fixing MSP include:
The Commission also makes visits to states for on-the-spot assessment of the various constraints that farmers face in marketing their produce, or even raising the productivity levels of their crops. Based on all these inputs, the Commission then finalizes its recommendations, which are then submitted to the government.
The government, in turn, circulates the CACP reports to state governments and concerned Central Ministries for their comments. After receiving the feed-back from them, the Cabinet Committee on Economic Affairs (CCEA) of the Union government takes a final decision on the level of MSPs and other recommendations made by the CACP.
The Food Corporation of India (FCI), the nodal central agency of the Government of India, along with other State Agencies undertakes procurement of crops.
Crops Covered under MSP
The lists of crops are as follows:
Recently, Government has declared MSP for mature de husked coconut for the season 2020 at Rs. 2700/- per quintal, thus hiking the MSP by 5.02% from Rs. 2571/- per quintal during season 2019.
Source: PIB
Diverted focus
Supply shortage
Maritime routes
Source: TH
New strategy
Source: TH
WEO is a survey by the IMF that is usually published twice a year in the months of April and October. It analyzes and predicts global economic developments during the near and medium term. In response to the growing demand for more frequent forecast updates, the WEO Update is published in January and July between the two main WEO publications released usually in April and October.
WEO update has projected a sharp contraction of 4.5 % in FY21, a steep drop from its April forecast of a 1.9 per cent expansion, calling it a "historic low" for India. In fact, India faced the sharpest cut in the outlook, a 6.4% (WEO April 2020) point revision due to a more severe fallout of the pandemic than anticipated.
However, India is expected to bounce back in FY22 with a 6 % growth rate. In comparison, emerging markets (EMs) and developing countries saw a 2-percentage point reduction in outlook, while the global outlook was cut by 1.9 percentage points.
Source: IE
Union Government has given approval to Indian National Space Promotion and Authorization Centre (IN-SPACe). It will be the nodal national entity under the Department of Space to drive the building of satellites, rockets, or launch services through the Indian industry. It will provide a level playing field for private companies to use Indian space infrastructure. It will also hand-hold, promote and guide the private industries in space activities through encouraging policies and a friendly regulatory environment
NSIL
New Space India Limited (NSIL) is a Central Public Sector Enterprise of the Government of India. It is Head Quartered in Bangalore. It was established on March 2019 under the administrative control of the Department of Space (DOS), India. The main objective is to scale up industry participation in Indian space programs. NSIL will endeavour to re-orient space activities from a ‘supply driven’ model to a ‘demand driven’ model, thereby ensuring optimum utilization of our space assets.
Source: PIB
Cabinet Committee on Economic Affairs has given its nod to set up an Rs.15,000 crore Animal Husbandry Infrastructure Development Fund. The fund had been proposed as part of the Aatmanirbhar Bharat. Eligible beneficiaries under the scheme include the following with a minimum 10% margin money contribution by them,
The balance of 90% would be the loan component to be made available by scheduled banks. The Centre will provide a 3% interest subvention to eligible beneficiaries, with a 2-year moratorium period for the principal loan amount and a six-year repayment period after that.
Source: PIB
Recently, the Central government approved an ordinance to bring all urban and multi-state co-operative banks under the direct supervision of the RBI (PT). The decision comes after several instances of fraud and serious financial irregularities, including the major scam at the Punjab and Maharashtra Co-operative (PMC) Bank in 2019.
Till now, all the co-operative banks came under dual regulation of the RBI and the Registrar of Co-operative Societies.
Previously, the RBI had no power to draw up an enforceable scheme for the reconstruction of a cooperative bank. However, from now onwards the urban and multi-state co-operative will come under the direct supervision of RBI. The move will empower the RBI to regulate all urban and multi-state co-operative banks on the lines of commercial banks.
Co-operative Banks
Source: PIB
Central Vista Committee is chaired by the Central Public Works Department (CPWD) additional director general (works) under the Ministry of Housing and Urban Affairs. Central Vista's proposal for the CPWD is to construct a triangular Parliament building on the 10.5-acre plot adjacent to the existing heritage structure built in the 1920s. The project is estimated to cost? 922 crore.
It is a part of the larger revamps of the entire 3-km Central Vista from Rashtrapati Bhavan to India Gate. It includes constructing a new triangular Parliament opposite the existing heritage structure and building a central secretariat for all Ministries. The existing Parliament building as well north and South Blocks are proposed to be re-purposed as museums. The government’s plan was approved by the Central Vista Committee at a meeting on April 23 with the suggestion that the design be “in sync” with the existing Parliament House.
Delhi Urban Art Commission
It was formed by an Act of Parliament in 1973. It is meant to advise the Centre on matters of preservation, development and maintenance of the aesthetic quality of the capital Delhi’s urban and environmental design. Recently Centre’s proposal to construct a new Parliament building in time for Independence Day 2022 was not approved by the Delhi Urban Art Commission (DUAC).
Source: TH
International Monetary Fund (IMF)
Paper-2 I.O Economics
The International Monetary Fund (IMF) is an organization of 189 member countries, each of which has representation on the IMF's executive board in proportion to its financial importance, so that the most powerful countries in the global economy have the most voting power.
Objective
History
Functions
Governance
Special Drawing Rights (SDRs) is the IMF’s unit of account and not a currency.
Members’ voting power is related directly to their quotas (the amount of money they contribute to the institution).
IMF allows each member country to choose its own method of determining the exchange value of its money. The only requirements are that the member no longer base the value of its currency on gold (which has proved to be too inflexible) and inform other members about precisely how it is determining the currency’s value.
IMF and India
Criticism
IMF Reforms
Source: Web
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