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24 February 2021 Daily Current Affairs and The Hindu Editorials

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  1. Consider the following statements regarding Majuli Island.
  1. Majuli Island is the world’s largest fully habituated river island located in the Brahmaputra River.
  2. It became the first island to be made a district in India.
  3. Majuli is the abode of the Assamese neo-Vaishnavite culture.

Which of the above statements is/are correct?

a) 1, 2
b) 1, 3
c) 1, 2, 3
d) 2, 3

2)Sunda strait connects

a) Indian Ocean and Java Sea
b) Java Sea and South China Sea
c) Java Sea and Celebes Sea
d) Tasman Sea and Java Sea

3)MARPOL Convention, sometimes seen in news is related to

a) Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances
b) Control the use of chemical weapons and their precursors.
c) Prevention of Pollution from Ships
d) Safety, security, and sustainability of airspace.

Map of the Day :- JAPAN

1)China has again become India’s top trading partner in the year 2020. The reason was that India was still dependent on the import of heavy machines, telecom equipment and home appliances from China.

2)Bangladesh has become the first country that has banned the painkiller ketoprofen. This painkiller is used widely to treat the cattle. But this painkiller is toxic to vultures. Highlights Earlier, veterinary diclofenac was also banned some 10 years ago. This is a landmark move to save the remaining population of globally threatened vultures.

3)The chief minister of Karnataka, BS Yeddyurappa, announced that Karnataka will be hosting the second Khelo India University Games (KIUG) in the year 2021

4)Indradhanush 3.0 to fill gap in immunisation :- The States and the Union Territories have rolled out the Intensified Mission Indradhanush (IMI) 3.0 scheme to cover children and pregnant women who missed routine immunisation during the COVID19 pandemic.

Also there is an Indradhanush Scheme for Banks :-

News:- Ministry disowns ‘cow science’ examination :- Ministry of Animal Husbandry has disowned the RKA ( Rashtriya Kamdhenu Aayog’s ) Cow Science Exam because of the claims which had no scientific basis.

RKA was formed in february 2019.

News:- About UNHRC: UNHRC was reconstituted from its predecessor organisation, the UN Commission on Human Rights to help overcome the “credibility deficit” of the previous organisation.

Headquartered in Geneva, Switzerland.

Composition: The UNHRC has 47 members serving at any time with elections held to fill up seats every year, based on allocations to regions across the world to ensure geographical representation.

Each elected member serves for a term of three years.

Countries are disallowed from occupying a seat for more than two consecutive terms.

Functions: The UNHRC passes non-binding resolutions on human rights issues through a periodic review of all 193 UN member states called the Universal Periodic Review (UPR).

News:- DAC clears bids worth ₹13,700 crore :- DAC is Defence Acquisition Council. It is headed by Defence Minister.

Approval has ben given for Arjuna MK-1A Tanks , Kalyani – M4 Armoured Vehicle ( By Bharat Forge ) – These tanks are multi role , designed for quick mobility , and in areas affected by IED’s.

News:- What is Dumping and Anti-Dumping :-

What is dumping?

Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country. Thus, in the simplest of cases, one identifies dumping simply by comparing prices in two markets.

What is Anti-Dumping Duty :- Anti-dumping duty is a tariff imposed on imports manufactured in foreign countries that are priced below the fair market value of similar goods in the domestic market.
The government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports.

EDITORIAL 01 :- Being Petroleum Independent

Author says Government has taken measures to be energy secure ? :-

  1. Heavy-duty vehicles, which consume nearly 60% of the diesel used in the country, are now subject to fuel efficiency standards.
  2. The share of bioethanol in petrol has risen to nearly 8% by volume under the 2018 National Policy on Biofuels.
  3. The government has encouraged multiple fuel pathways in the transport sector including natural gas.
  4. Importantly, it has recognised the urgency for us to transition to electric vehicles. The Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme now focuses largely on electric vehicles.
  5. The government has also provided several additional fiscal and non-fiscal incentives to encourage a transition to electric vehicles.

Author says if government further wants to decrease the oil import dependence then it needs to shift towards electric vehicles which will not only decrease the Emissions but also decrease the dependence of India on the oil imports.

2)The excise duty fiscal policy contradiction:-

Author says that the Survey says that India wants to increase the growth and consumption but the policies it is following is increasing the excise duty which contradicts the policy goals.

The philosophy of the Economic Survey, on the other hand, appears
to be that expenditure causes growth, rather than distributional
equality
. With improved growth, standards of living will rise across the
population, bringing affluence of a sort to the economically deprived
even as it makes the rich grow richer.

This, of course, is not to support excise duty increases, for it goes against the very principle of the Blanchard argument, which emphasises maintainable debt and expenditure as the vehicle of development as opposed to increased tax burdens.

Therefore, there appears to be a contradiction between the government’s
announced fiscal policy stance and the fiscal regime it is actually running.
But then, Professor Blanchard’s argument requires the growth rate to
exceed the rate of interest, which was not the case in FY 202021.

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Nonachikku
Nonachikku
8 days ago

Thnk u tems ias ….its very useful

Aditi Singh
7 days ago

Thank you sir

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