Current Affairs for NDA CDS AFCAT Airforce X&Y Groups Dec 26, 2018

/Current Affairs for NDA CDS AFCAT Airforce X&Y Groups Dec 26, 2018
Current Affairs for NDA CDS AFCAT Airforce X&Y Groups Dec 26, 2018 2018-12-26T22:54:50+00:00

Current Affairs for NDA, CDS, AFCAT, Airforce X&Y Groups – News
Analysis from THE HINDU (December 26, 2018)

1. Govt.’s draft rules to regulate social media echo SC orders

The draft rules proposed by the government to curb “unlawful
content” on social media that make it mandatory for intermediaries to trace the
“originator” of such content have drawn strong criticism from the Opposition.
The latter contend that the state is expanding the scope for surveillance of
citizens.

However, a close look at the draft Information Technology
(Intermediaries Guidelines) Amendment Rules, 2018, shows that the proposed
changes are largely in line with developments on this front in cases before the
Supreme Court in recent months.

2. PM opens Bogibeel Bridge, India’s longest

Prime Minister Narendra Modi on Tuesday underlined the NDA
government’s focus on improving connectivity in the northeastern region while
inaugurating the 4.94 km Bogibeel Bridge, India’s longest rail-cum-road span,
across the Brahmaputra.

The strategic bridge, which connects Dibrugarh district on
the river’s south bank in Assam to Dhemaji district on the north bank, would
not only improve the livelihoods of millions of people in Assam and Arunachal
Pradesh, Mr. Modi said, but would also serve as a boon to the defence forces.

The project was conceived by the Rail India Technical
Economic Services in 1973, and the foundation stone was laid by former Prime
Minister H.D. Deve Gowda in January 1997.

However, the actual work was initiated only in 2002 by the
NDA government, which was headed by Atal Bihari Vajpayee.

3. Bengali poet Nirendranath passes away

Famous Bengali poet Nirendranath Chakraborty died at a
hospital here on Tuesday following a massive cardiac arrest, his family said.
He was 94.

Chakraborty was admitted to the hospital on December 9 due
to age-related ailments, including acute breathing problem, the family said. He
breathed his last at 12.25 p.m. on Tuesday, they said. Chakraborty is survived
by his two daughters. His wife had died in January.

West Bengal Chief Minister Mamata Banerjee expressed grief
over his death.

4. Army recovers copter stuck in Siachen snow

The Army has created a record of sorts as its pilots and
technicians successfully recovered a helicopter which was stuck in snow at an
altitude of 18,000 feet on Siachen Glacier in Jammu and Kashmir.

The helicopter was brought back safely to the Siachen base
camp with the help of infantry troops deployed there. According to sources in
the Army, an ALH Dhruv chopper, on an air maintenance sortie in the 74-km-long
Siachen Glacier, developed a snag and landed near a post called Khanda in
January. Though the chopper landed safely, the overnight snow resulted in its
falling sideways. Attempts were made to recover it, but there was no success .

Then in July, technicians and pilots of the Army ALH
Squadron 203 in Leh managed to put new parts on the chopper and bring it back
to the base camp.

5. RBI to soon release new ₹20 bank note

The Reserve Bank of India will soon introduce a new ₹20
currency note with additional features, according to a document of the central
bank. The central bank has already issued new look currency notes in the
denominations of ₹10, ₹50, ₹100, and ₹500, besides introducing ₹200 and ₹2,000
notes.

6. Chabahar tidings

The opening of the first office of Indian Ports Global
Limited at Iran’s Chabahar and the takeover of operations of the Shahid
Beheshti port is a milestone in India’s regional connectivity and trade game
plan. Chabahar port opens up a permanent alternative route for trade with
Afghanistan and Central Asia, given the hurdles in the direct route through
Pakistan. It facilitates India’s role in Afghanistan’s development through
infrastructure and education projects. And it gives India’s bilateral ties with
Iran, a major oil supplier and potential trade market for India, a big fillip.
India has helped develop the Shahid Beheshti port with these outcomes in mind,
and has been given the contract to manage it for 18 months. It will be
important to operationalise the port quickly and smoothen the route to
Afghanistan. The decision by India, Afghanistan and Iran to hold an international
event in February 2019 to promote Chabahar and to study ways to make the route
more attractive and decrease logistic costs is timely. About 500 companies have
registered with the Free Trade Zone authority there. While keeping timelines
and delivery of New Delhi’s commitments will be key to the port becoming a
regional hub for transit trade, steel and petrochemicals, it will be necessary
to encourage Afghan companies to use the route more, in line with President
Ashraf Ghani’s desire to have a commercial fleet under the Afghan flag setting
sail from Chabahar.

Visions of Chabahar’s immense potential as a game-changer
for prosperity and stability in the region must, however, necessarily be
tempered by the reality of geopolitical challenges. The Chabahar port has
received a waiver from the U.S. sanctions on Iran for the moment, but these
concessions could be withdrawn any time, given the constant upheaval in the
administration. The possibility of the withdrawal of U.S. troops from
Afghanistan, after the pullout from Syria, will add to security concerns for
Afghanistan and impact on the Chabahar route as well. Meanwhile, the
reconciliation process with the Afghan Taliban is likely to see the regional
powers, the U.S. and Russia engaging Pakistan more. This could give Islamabad
space to play spoiler in Chabahar, which is seen as a rival warm water port to
Pakistan’s Gwadar. That the Afghanistan government is hedging its bets on trade
via Chabahar too is clear: in recent months, special cargo corridors have been
opened with China, Kazakhstan, Turkey, Europe, Russia, the UAE, and Saudi
Arabia, with more trade diverted through them than with traditional partners
Pakistan and India. With Chabahar, India has done well to keep a place in the
intricate connectivity network of the region. Given all the competing interests
that criss-cross over Chabahar, it will require sustained and nuanced diplomacy
to stay ahead in this game.

7. Collective action problem

Economics

This refers to a phenomenon wherein the actions of
individuals driven by their own self-interest works against the interest of the
group as a whole. The free-rider problem, where something that is in the
interest of a group does not happen because each person in the group simply
tries to offload the costs onto other members, is a common example of it. The
idea was proposed by American economist Mancur Olson in his 1965 book The Logic
of Collective Action. Critics of the idea believe that the collective action
problem is often the result of the absence of clearly defined property rights
that are absolutely necessary for markets to coordinate complex social
exchanges.

8. Iran presents first budget since return of sanctions

President Hassan Rouhani on Tuesday unveiled Iran’s first
budget since the return of U.S. sanctions, saying that it had been adjusted to
take account of U.S.’s “cruel” measures. He announced a 20% increase in public
sector wages in a sign of the economic challenges Iran has faced since the U.S.
pulled out of the nuclear deal.

9. India to hold talks with RCEP nations

Indian officials will hold bilateral meetings with a few
countries, including China and some ASEAN members, in the coming days to iron
out issues hindering negotiations of the Regional Comprehensive Economic
Partnership (RCEP) trade deal, an official said.

After the bilateral meetings, the RCEP members will meet for
the 25th round of negotiations in February in Indonesia.

The main issues that need resolution include number of goods
on which import duties should be eliminated and norms to relax services trade.

RCEP members want India to eliminate or significantly cut
customs duties on maximum number of goods that it traded on.

10. NTPC for easing MSE registration

Buoyed by over 36% of its procurement coming from micro and
small enterprises (MSEs), power giant NTPC has pitched for their universal
registration for supplies to all CPSUs.

“To promote ease of doing business for MSEs, NTPC chairman
Gurdeep Singh has proposed a single window registration for MSEs across CPSUs,”
a senior company official said.

As against the government mandate of minimum 25% procurement
from MSEs, NTPC had achieved 36% procurement from MSEs in the current fiscal
till November, the official said. NTPC’s total procurement was about ₹1,000
crore a year from 3,500 vendors. Last fiscal, it was ₹1,163 crore.

11. ‘Count of Japanese firms’ in India rises to 1,441’

The number of Japanese firms operating in India has gone up
by 72 to 1,441 till October this year, compared to the previous year, due to
the improving business environment in the country, Ambassador of Japan to India
Kenji Hiramatsu said. In a communication to Commerce Minister Suresh Prabhu, he
said there was a significant rise in the number of firms in metal manufacturing
and services. 

12. Abbreviations:

Regional Comprehensive Economic Partnership (RCEP)

Insolvency and Bankruptcy Code (IBC)

National Company Law Tribunal (NCLT)

13. Things to Remember:

West Bengal Chief Minister Mamata

President of Iran – Hassan Rouhani

14. Improve your Vocabulary:

fillip

Meaning – Something which acts as a stimulus or boost to an
activity.

Example – ‘the halving of car tax would provide a fillip to
sales’

Synonyms – stimulus, stimulation, stimulant, boost,
encouragement, incitement, incentive, impetus, inducement, motivation

Current Affairs is an important GK topic for UPSC, NDA, CDS, AFCAT, Air
force X & Y Groups, SSC, and other competitive exams. Every year in UPSC,
SSC and Bank there are few questions from Current Affairs.

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