The Hindu Newspaper 29th March 2020

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1)Which of the following reports is published by ‘National Crime Records Bureau’?

Crime in India

Accidental Deaths & Suicides in India

Prison Statistics India

Select the correct code:

a) 1 Only

b) 1 and 2

c) 1 and 3

d) 1, 2 and 3

2)Defence Acquisition Council’ is chaired by

a) Prime Minister

b) National Security Advisor

c) Union Defence Minister

d) Cabinet Secretary

3)Chitrakathi’ style of painting is practiced in

a) Odisha

b) Maharashtra

c) West Bengal

d) Gujarat

4)Shinyuu Maitri’ is a joint Air Force Exercise between India and 

a) South Korea

b) China

c) Japan

d) Singapore

5)Project Vishwajeet’ aims

a) To make India a manufacturing hub

b) To make India a defence hub in line with Make in India initiative

c) To put IITs in top league of global rankings

d) To facilitate protection of Patents, Trademark and Designs of innovative and interested Start Ups.

Factual News of the Day :-

1)GoI sets up PM-CARES Funds to fight against COVID-19:-

PM-CARES is Prime Minister’s Citizen Assistance and Relief in Emergency Situations fund.

The fund is being raised to deal with the distress or emergency as that of COVID-19 pandemic.

2)Project Arunank running in full swing in China border despite of COVID-19:-The Border Road Organization (BRO) is working in full swing to completely replace the Daporijo bridge.

BRO was formed in 1960.
Comes under defence ministry.

Makes roads not only in India but also in neighboring countries such as Afghanistan, Bhutan, Myanmar, and Sri Lanka.

The project Arunank aims at linking remote regions of the borders with well developed strategic roads.

3)SWAYAM is Study Webs of Active Learning for Young Aspiring Minds. It was launched in 2014.

Online Study Courses are launched under MOOC.

4) All About Eye :-

Sclera: It is the outer covering, a protective tough white layer called the sclera (white part of the eye).

Cornea: The front transparent part of the sclera is called cornea. Light enters the eye through the cornea.

Iris: A dark muscular tissue and ring-like structure behind the cornea are known as the iris. The colour of iris actually indicates the colour of the eye. The iris also helps regulate or adjust exposure by adjusting the iris.

Pupil: A small opening in the iris is known as a pupil. Its size is controlled by the help of iris. It controls the amount of light that enters the eye.

Lens: Behind the pupil, there is a transparent structure called a lens. By the action of ciliary muscles, it changes its shape to focus light on the retina. It becomes thinner to focus distant objects and becomes thicker to focus nearby objects.

Retina: It is a light-sensitive layer that consists of numerous nerve cells. It converts images formed by the lens into electrical impulses. These electrical impulses are then transmitted to the brain through optic nerves.

Optic nerves: Optic nerves are of two types. These include cones and rods.

Cones: Cones are the nerve cells that are more sensitive to bright light. They help in detailed central and colour vision.

Rods: Rods are the optic nerve cells that are more sensitive to dim lights. They help in peripheral vision.

At the junction of the optic nerve and retina, there are no sensory nerve cells. So no vision is possible at that point and is known as a blind spot.

5)Explained : Bear and Bull Markets

What Are Bear and Bull Markets?

The terms bull and bear market are used to describe how stock markets are doing in general—that is, whether they are appreciating or depreciating in value.

At the same time, because the market is determined by investors’ attitudes, these terms also denote how investors feel about the market and the ensuing trends.

Simply put, a bull market refers to a market that is on the rise. It is typified by a sustained increase in price, for example in equity markets in the prices of companies’ shares. In such times, investors often have faith that the uptrend will continue over the long term.

By contrast, a bear market is one that is in decline, typically having fallen 20% or more from recent highs. Share prices are continuously dropping, resulting in a downward trend that investors believe will continue, which, in turn, perpetuates the downward spiral. During a bear market, the economy will typically slow down and unemployment will rise as companies begin laying off workers.

6) Drugs tested to treat Covid-19:– India has nowjoined the world in the search for drugs to treat COVID19.

Earlier this week, India approved the use of the anti-malarial drug, hydroxychloroquine, as apreventive medication for people at high risk, such as health workers and immediate contacts of a person whohas tested positive for COVID-19.

What are the drugs being considered?WHO is looking at some of what doctors and researchers believe are the most promising therapies including a combination of two HIV drugs, lopinavir and ritonavir (used in India also for an Italian patient in Rajasthan), anti-malaria medications, chloroquine and hydroxychloroquine, and an experimental anti-viral compound called remdesivir.

7)Why has Kerala sought a relaxation of FRBM rules? 

To help fund the emergency relief package, the State(kerala) proposes to borrowas much as ₹12,500 crore from the market in April itself and the Chief Minister has urged the Centre to provide Kerala with flexibility under the Fiscal Responsibility and Budget Management (FRBM) Act so as to ensure that the State’s finances are not adversely impacted in the rest ofthe financial year starting on April 1.

History:- Now FRBM act came in 2003 which said that Fiscal Deficit limit of 3% should not be breached, originally the cutoff year to achieve this was 2009 but recently N.K Singh panel on FRBM was Formed which extended this.

Now the target is 3.1% by 2023.

So this is just the starting of the Financial year and If kerala already borrows 12500 crores then it leaves very little margin for it to borrow more in Future .

So what is the Escape Clause :- This means those conditions where the Fiscal Deficit can be breached.

The law does contain what is commonly referred to as an‘escape clause’. Under Section 4(2) of the Act, the Centre can exceed the annual fiscal deficit target citing grounds that include

  • national security,
  • war,
  • national calamity,
  • collapse of agriculture,
  • structural reforms and
  • decline in real output growth of a quarter by at least three percentage points below the average of the previous four quarters.

Given that the ongoing pandemic could be consideredas a national calamity — which in conjunction with theongoing lockdown to combat it is in all likelihood going tocause a severe contraction in economic output as well—the current circumstances would be apt for suspending both the Centre’s and States’ fiscal deficit targets.

This would allow both the Union government and States including Kerala to undertake the much needed increase in expenditure.




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