VISION

Material For Exam

Recent Update

Friday, April 02, 2021

GS SCORE Yearly Compilation General Science, Health & Disease 2020-2021 PDF

07:53

GS SCORE Yearly Compilation General Science, Health & Disease 2020-2021 PDF

Click Here to download GS SCORE Yearly Compilation General Science, Health & Disease 2020-2021 PDF

Click Here to Like our Facebook page for latest updates and free ebooks
Read More

THE HINDU NEWSPAPER IMPORTANT ARTICLES 02.04.2021

07:44
th-important-articles-logo



Click Here to Like our Facebook page for latest updates and free ebooks

Read More

Thursday, April 01, 2021

Daily Current Affairs, 01st April 2021

16:18

 


1)  Utkal Divas or Odisha Day is celebrated on 1 April

•Utkal Divas or Utakala Dibasha is celebrated on April 1 every year to remember the formation of the Odisha state after a struggle to be recognised as an independent state. Under British rule, Odisha was part of the Bengal presidency, which consisted of the present-day Bihar, West Bengal, and Odisha. The state was originally called Orissa but the Lok Sabha passed the Orissa Bill, and Constitution Bill (113rd amendment), in March 2011 to rename it Odisha.


2)  AYUSH Ministry in collab with Vinoba Seva Pratishthan organizes ‘Ayurveda Parav’

•In a bid to promote Ayurveda as the mainstream treatment for the prevalent lifestyle-related diseases, Vinoba SevaPratisthan (VSP), in collaboration with the Ministry of AYUSH, has successfully organized a 3-day “Ayurveda Paravin Bhubaneswar. This unique initiative aims to not only ensure greater acceptance of Ayurveda among the masses but also to popularize Ayurveda as the main line of treatment for the current lifestyle diseases.


•The Ministry of AYUSH provided full-fledged support to this programme. During this Parv, nearly 25 research papers were presented by experts and researchers. The initiative generated tremendous response as thousands of patients turned up and showed their trust towards Ayurveda medication. They did get their diagnosis and consequent medicine.


3)  Govt further extends Emergency Credit Line Guarantee Scheme to June 30, 2021

•The Central Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS 3.0) by another three months till June 30, 2021, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme. Additionally, the government has also introduced certain modifications in the ECLGS scheme to further contribute towards economic revival.


4)  Government announces Rs 14,500 crore capital infusion in 4 PSBs

•The Central Government has announced to infuse Rs 14,500 crore in four state-owned lenders namely Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank in 2020-21, by issuing non-interest bearing bonds to these banks. This infusion will complete the government’s total capital infusion of Rs 20,000 crore in public sector banks for the current financial year 2020-21. Earlier in December 2020, it infused Rs 5,500 crore in Punjab and Sind Bank. 


•The Recapitalisation bonds will be issued with six different maturities, and the special securities would be “at par” for the amount as per the application made by the eligible banks. Banks require capital to meet the mandatory reserve requirements laid out by the Reserve Bank of India (RBI), make provisions for bad loans and kick-start the lending cycle when demand revives in the economy.


5)  Govt pegs market borrowing at Rs 7.24 lakh crore in 1st half of FY22

•The government has decided to borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal (FY22) to meet resources to revive the economy hit by coronavirus pandemic. This borrowing is 60.06 per cent of the estimated gross issuances for fiscal 2021-22.


•According to Budget 2021-22, the estimated gross borrowing is pegged at Rs 12.05 lakh crore in the financial year beginning April 01, 2021. The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills.


6)  RBI extends deadline for processing auto-debit payments by 6 months

•The Reserve Bank of India (RBI) has extended the timeline for processing recurring online transactions by 6 months to September 30, 2021. Earlier in December 2020, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) would not be continued beyond March 31, 2021, if they do not comply with Additional Factor of Authentication (AFA).


•This means that with effect from April 30, 2021, there were supposed to be no automatic recurring payment for various services, including recharge and utility bill, under arrangements/practices not compliant with AFA. However, banks and payment gateways had sought additional time to comply with the RBI directive on automatic recurring payment. Taking it into consideration, RBI decided to further extend the timeline.


7)  World Bank raises GDP growth projection for India to 10.1% for FY22

•The World Bank has revised upward the GDP growth projections for India by 4.7 percentage points to 10.1 per cent for the financial year 2021-22, due to a strong rebound in private consumption and investment growth. Earlier the bank had pegged the GDP growth at 5.4 per cent for FY22.


•Apart from this, the World Bank has forecast the economy to contract by 8.5 per cent in FY21 (2020-21). The multilateral agency has also projected economic growth at 5.8 per cent for India during FY23 (2022-23).


8)  SBI inks USD 1 billion loan agreement with Japan Bank

•India’s largest lender, State Bank of India, has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to the supply chain of the Japanese automobile industry in India. The loan is in the form of refinancing against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in India.


•This collaboration between SBI and JBIC will help the bank in extending loan facility to the entire supply chain at a time when people are preferring a personal mode of transport. Now the total loan facility between SBI and JBIC has become $2 billion. Earlier in October 2020, SBI inked a similar agreement for $1 billion with JBIC.


9)  Lewis Hamilton won bahrain Grand Prix 2021

•Mercedes star Lewis Hamilton got his bid for an eighth world title off to a thrilling start with victory in the Bahrain Grand Prix 2021. Hamilton after his 96th career win. Max Verstappen (Red bull) and V Bottas (Mercedes ) stand 2nd and 3rd Position Respectively.

Read More

GS SCORE Current Affairs March 2021 Week 5 PDF

15:54

GS SCORE Current Affairs March 2021 Week 5 PDF

Click Here to download GS SCORE Current Affairs March 2021 Week 5 PDF

Click Here to Like our Facebook page for latest updates and free ebooks
Read More

Vision IAS Prelims 2021 Test 27 With Solution PDF

15:48

Vision IAS Prelims 2021 Test 27 With Solution PDF

Click Here to download Vision IAS Prelims 2021 Test 27 With Solution PDF

Click Here to Like our Facebook page for latest updates and free ebooks

Read More

The HINDU Notes – 01st April 2021

12:08

 


📰 Government slashes rates on small savings schemes by up to 1.1%

Move comes after retail inflation breaches 6% mark

•The government has sharply slashed the rates on all small savings instruments for the first quarter of 2021-22, bringing the rate of return on the Public Provident Fund down from 7.1% to 6.4% and effecting cuts ranging from 40 basis points (0.4%) to 110 basis points (1.1%) through a notification on Wednesday.

•The sharpest cut announced earlier was seen in the quarterly interest rate paid on one-year term deposits, from 5.5% in the January to March quarter to 4.4% in this quarter. The rate of return on the Senior Citizen Savings’ Scheme was cut from 7.4% to 6.5%, while the Sukanya Samriddhi Account Scheme’s return was reduced from 7.6% to 6.9%.

•While the government resets the interest rate on small savings instruments every quarter, this round of rate cuts assume significance as retail inflation has been breaching the 6% mark and the government is keen to lower interest rates to make it easier to execute its borrowing plans for the year and spur growth.

Major impediment

•The government plans to borrow ₹12.05 lakh crore in 2021-22, on the back of a record gross borrowing of ₹13.71 lakh crore in 2020-21. High small savings rates have been cited by the central bank as a major impediment in ensuring policy rate cuts get transmitted into the banking system.

•“After keeping rates largely unchanged over the last few quarters, the government has effected a substantial lagged revision in small savings rates, mirroring the moderation in interest rates in the wider economy seen over the last year,” said Aditi Nayar, principal economist at ICRA Limited.

•The interest rate paid on National Savings Certificate and Kisan Vikas Patra were also reduced significantly, from 6.8% to 5.9%, and from 6.9% to 6.2%, respectively. Consequently, the Kisan Vikas Patra, which used to mature in 124 months, will now mature in 138 months.

•While savings deposits earned the lowest rate of 4% till now, that return has now been further slashed to 3.5%. Among time deposits, the return on five year deposits has been reduced from 6.7% to 5.8%. Five-year recurring deposits, whose interest is compounded quarterly, will get a return of 5.3% instead of 5.8% in the previous quarter.

•For savers, the option with the highest returns at this point is the Sukanya Samriddhi Account Scheme, followed by the Senior Citizens’ Savings Schemes and the Public Provident Fund.

*Update: In a tweet on early Thursday, April 1, 2021, Finance Minister Nirmala Sitharaman said that the order has been withdrawn.  “Orders issued by oversight shall be withdrawn,” she said in a tweet, stating that rates will continue at the same level as last quarter. The development assumes significance with five State assembly polls are underway. A detailed report on the Ministry's latest order is awaited.

📰 Pakistan allows import of cotton, sugar from India

Read More

THE HINDU NEWSPAPER IMPORTANT ARTICLES 01.04.2021

07:55
th-important-articles-logo



Click Here to Like our Facebook page for latest updates and free ebooks

Read More

Wednesday, March 31, 2021

Daily Current Affairs, 31st March 2021

20:42

 


1)  International Transgender Day of Visibility: 31st March

•International Transgender Day of Visibility observed globally on 31st March every year. The day is dedicated to celebrating transgender people and raising awareness of discrimination faced by transgender people worldwide, as well as a celebration of their contributions to society.


2)  Maharaja Chhatrasal Convention Centre inaugurated at Khajuraho

•The Minister of State for Tourism and Culture (Independent Charge) Shri Prahlad Singh Patel, and the Chief Minister of Madhya Pradesh Shri Shivraj Singh Chouhan jointly inaugurated the ‘Maharaja Chhatrasal Convention Centre at Khajuraho, Madhya Pradesh. The Convention Centre has been developed under the Swadesh Darshan Scheme of the Ministry of Tourism, adding another feather to the UNESCO World Heritage site at Khajuraho.


•This new venue will cater to the business needs, by hosting meetings and conferences. The Convention Centre is equipped with all modern amenities and infrastructure to offer a secure space to host corporate banquets for teams both large and small amidst a soothing decor and ambience.


3)  India & Bangladesh inks 5 MoU to Boost Cooperation

•India and Bangladesh have signed five Memorandum of Understanding (MoUs) to further boost bilateral cooperation. The signing of the MoUs took place on 27 March 2021, between Bangladesh Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi in Dhaka. Indian PM Narendra Modiji was on a two-day official visit to Bangladesh to join the twin celebrations of Bangladeshi Founding Father Bangabandhu Sheikh Mujibur Rahman’s birth centenary and the golden jubilee of Bangladesh’s independence in 1971. This is the first trip of PM Modi to a foreign country since the outbreak of the coronavirus pandemic.


4)  Indo-Korean Friendship Park Inaugurated at Delhi Cantonment

•India’s First Indo-Korean Friendship Park was jointly inaugurated at Delhi Cantonment by Hon’ble Raksha Mantri, Shri Rajnath Singh, and Hon’ble Minister of National Defence, Republic of Korea Mr Suh Wook. The park has been developed in joint consultation with the Ministry of Defence, the Government of India, the Indian Army, the Delhi Cantonment Board, the Embassy of Korea and the Korean War Veterans Association of India.


•Besides being a symbol of strong India-South Korea friendly relations, this park will also act as a monument to India’s contributions as part of 21 countries that participated in the Korean war 1950-53, under the aegis of the United Nations.


5)  India, US Carry Out Joint Military Drill In Himachal Pradesh

•The 11th edition of Indo-US joint special forces exercises Vajra Prahar 2021 was conducted at Special Forces training school located at Bakloh, in Himachal Pradesh. The exercise ‘Vajra Prahar’ is aimed at sharing best practices and experiences in areas such as joint mission planning and operational tactics. The exercise was aimed at improving interoperability between the special forces of the two countries.


•The armies of participating nations jointly train, plan and execute a series of operations for neutralisation of threats of varied nature with a common aim of countering threats of international terrorism through mutual training and jointness.


6)  Union Bank of India launched “UNI – CARBON CARD”

•Union Bank of India has launched “UNI – CARBON CARD”, an HPCL co-branded credit card on the Rupay platform of NPCI. It is a unique card designed with association with one of the largest Public Sector Bank, Union Bank of India and HPCL, a leader in the fuel retail and Rupay – India’s largest card payment network. It will create an opportunity to create value for the customers.


7)  Education Minister inaugurates ‘Anandam: The Center for Happiness’ at IIM Jammu

•Union Education Minister, Ramesh Pokhriyal has inaugurated “Anandam: The Center for Happiness” at the Indian Institute of Management (IIM), Jammu virtually. The centre will help people overcome mental stress and help spread positivity and it will encourage and propagate holistic development for all the stakeholders at IIM Jammu. Lieutenant Governor, Jammu, and Kashmir, Manoj Sinha; Founder, Art of Living Foundation, Sri Sri Ravi Shankar virtually graced the occasion.


•The purpose of establishing ‘Anandam’ at IIM Jammu is to bring holistic well-being. Regular physical exercises at the Center will contribute to the wellness at the physical level for both the students and the faculty. Under the concept of ‘Anandam: The Center for Happiness’ will be divided into five broad categories, namely, Counselling, Holistic wellness, Elective courses on Happiness Development, Research and Leadership & Faculty Development.


8)  Dr Sharankumar Limbale to receive Saraswati Samman 2020

•Noted Marathi writer Dr Sharankumar Limbale will receive Saraswati Samman, 2020 for his book Sanatan. The award carries fifteen lakh rupees, a citation and a plaque. Saraswati Samman, instituted by KK Birla Foundation in 1991, is recognised as the most prestigious and highest literary award in the country.


•Dr Limbale’s Sanatan has been published in 2018. Sanatan is an important social and historical document of the Dalit struggle. Speaking first to All India Radio, Dr Limbale was overjoyed with emotion as he started his career with the public broadcaster.


9)  Maggie O’Farrell’s ‘Hamnet’ wins book critics award for fiction

•Maggie O’Farrell’s Hamnet, an imagined take on the death of Shakespeare’s son from the bubonic plague, has won the National Book Critics Circle prize for fiction. Hamnet, an unfortunately well-timed story for the current pandemic, explores the impact of the boy’s illness and death on his family. He was Shakespeare’s only son, and scholars have long speculated about his influence — if any — on “Hamlet,” which Shakespeare worked on in the years following Hamnet’s death.


10)  A book titled “Names of the Women” by Jeet Thayil

•A book titled “Names of the Women” authored by Jeet Thayil. The book talks about the women whose roles were suppressed, reduced, or erased in the Gospels. Jeet Thayil is a renowned author, best known for his book ‘Narcopolis’ which was shortlisted for the Man Booker Prize 2012 and won the DSC Prize for South Asian Literature. His most recent book ‘Low’ was released in 2020.

Read More

The HINDU Notes – 31st March 2021

15:15

 


📰 Curbs on Indian media continue: U.S. rights report

Notes several instances of govt pressure on media outlets

•In its 2020 Human Rights Report, the U.S. State Department said the harassment and detention of journalists critical of the (Indian) government in their reporting and on social media, has continued, although the government generally respected the freedom of expression. It also said government’s requests for user data from Internet companies had increased “dramatically.”

•The report, which is submitted each year to the U.S. Congress , is retrospective and contains a country-wise discussion of the state of human rights.

•“The government generally respected this right, although there were several instances in which the government, or actors considered close to the government, allegedly pressured or harassed media outlets critical of the government, including through online trolling,” the report says.

•It also details cases against individual journalists and NGO activists, including Siddharth Varadarajan of The Wire (case by U.P. government) and Anirban Chattopadhyay of Anandabazar Patrika (summoning by Kolkata police).

•The document also cites reports by journalists and NGOs that local and national level government officials were, “involved in silencing or intimidating critical media outlets through physical harassment and attacks, pressuring owners, targeting sponsors, encouraging frivolous lawsuits, and in some areas blocking communication services.”

•The government made 49,382 user data requests in 2019 from Facebook, a 32% increase from 2018. Over the same period, Google requests increased by 69%, while Twitter requests saw a 68% increase.

•In a section on the arbitrary deprivation of life, the report highlights the case of the Sattankulam (Tamil Nadu) custodial deaths of P. Jayaraj and his son J. Benicks, who were arrested for allegedly keeping their shop’s shutters open past permitted hours during the pandemic.

Arrest procedures and treatment of detainees

•The report takes note of the April 2020 detention of pregnant Jamia Millia student Safoora Zargar, who was protesting the government’s citizenship laws (it notes she was released in June 2020). It also mentions the arrest of JNU student Umar Khalid, who like Ms. Zargar, was detained under the Unlawful Activities Prevention Act (UAPA). The Hindu had reported earlier in March that the Geneva-based UN Human Rights Council’s (HRC’s) Working Group against Arbitrary Detentions (WGAD) had also adopted an opinion that concluded that Ms. Zargar’s liberty was deprived in a way that ran counter to “ universally recognised human rights.”

•On the protracted detention of politicians in Jammu and Kashmir, the report notes that former Chief Minister Mehbooba Mufti, arrested under the Public Safety Act, was released after a three-month extension of her detention. It also notes that “most political activists” were released, adding some were reportedly detained before district development council elections. The report notes that detentions were arbitrary and access to counsel and medical attention were routinely denied.

•“Authorities in Jammu and Kashmir allowed detainees access to a lawyer during interrogation, but human rights groups documented that police routinely employed arbitrary detention and denied detainees further access to lawyers and medical attention,” it said.

📰 Good neighbours: On India-Bangladesh ties

Read More

Vision IAS Prelims 2021 Test 26 With Solution PDF

14:56

 Vision IAS Prelims 2021 Test 26 With Solution PDF

Click Here to download Vision IAS Prelims 2021 Test 26 With Solution PDF

Click Here to Like our Facebook page for latest updates and free ebooks
Read More