YOUTH'S-UPSC

 NITI AYOG has published draft policy on migrant labour wherein it highlighted issues and suggested measures to deal with the issue A key highlight of report- Mechanisms to “enable voting” so that political inclusion will “enhance accountability of political leadership towards welfare of migrant workers of their respective states.” Ministry of Labour to set up a special unit on migration. Inter-state migration management bodies to cover the nation’s key migration corridors: Uttar Pradesh and Mumbai; Bihar and Delhi; Western Odisha and Andhra Pradesh; Rajasthan and Gujarat, and Odisha and Gujarat. Each state should establish a migrant workers section in their Labour department. Source states should send nodal officers to destination states to work collectively with the labour officers, it said. Government policies should not hinder but seek to facilitate internal migration. Migrants should be the target of Disaster Risk Reduction (DDR) programmers in urban centres. Access to health ...

 The Banking Regulation Act has been amended by the Banking Regulation (Amendment) Act, 2020. The key changes in the regulatory regime of UCBs pursuant to the Banking Regulation (Amendment) Act, 2020 are as under:  • The Reserve Bank has been given powers over the management of the UCBs, owing to which it can issue directions relating to the management of UCBs including approval for appointment of Chairman / MD / CEO, removal and remuneration of MD / CEO. Further, the Board of UCBs would be required to have not less than 51 per cent members having special knowledge / practical experience in specified areas.  • The statutory restriction on grant of director-related loans/ advances has been widened and common directorship across banks shall be prohibited as per the provisions of the amended Act.  • The Reserve Bank has been vested with powers of approval of the appointment / removal of statutory auditors of UCBs.   • Provisions of the revised Act will enab...

 • Ministry of Defence unveiled the Defence Acquisition Procedure (DAP)-2020 on 28th September, 2020. DAP-2020 has been aligned with the vision of the Government’s Atma Nirbhar Bharat and empowering Indian domestic industry through Make in India initiative with the ultimate aim of turning India into a global manufacturing hub. With the new Foreign Direct Investment (FDI) policy announced, DAP 2020 has adequately included provisions to encourage FDI to establish manufacturing hubs both for import substitution and exports while protecting interests of Indian domestic industry.  • Some of the specific reforms enunciated in AtmaNirbhar  Bharat Abhiyan, are as under:  a) Notify a List of Weapons/Platforms for Ban on Import: Relevant incorporation has been done in the DAP to ensure that NO equipment as mentioned in the list is procured ex import post timelines notified.  b) Indigenization of Imported Spares:   i. Request for Information (RFI)- RFI stage wil...

  Q.1) Explain intergenerational and intragenerational issues of equity from the perspective of inclusive growth and sustainable growth. (Answer in 150 words) Q.2) Define potential GDP and its determinants. What are the factors that have been inhibiting India from realizing its potential GDP? ( Answer in 150 words.) Q.3) What are the main constraints in transports and marketing of agricultural produce in India? ( Answer in 150 words.) Q.4) What are the challenges and opportunities in food processing sector in the country? How can income of the farmers can sustainably be increased by encouraging food processing? ( Answer in 150 words) Q.5) What do you understand by nanotechnology?  And how its helping in health sector? ( Answer in 150 words.) Q.6) How is science interwoven deeply with our lives? What are the striking changes in agriculture triggered off by science-based technologies? (Answer in 150 words) Q.7) How does the draft Environment Impact Assessment (EIA) Notification,...

In a meeting of Finance Ministry with FICCI for the preparation of Budget. FICCI recommended few measures to follow: Budget should focus on  growth alongside look at fiscal management for three years. Centre expenditure should be prioritise in three area- Health, Infrastructure and Sustainability. Government health expenditure to increase to 3% in three year period. Budget should address critical area of private investment and providing support for employment generation(Sustainability). India need strong financial sector to achieve the vision of $5Tn Economy. For this government need to bringdown its stake on PSB to below 50% through market route except for 3 to 4 large PSB such as SBI, BOB, BOI etc. There is need to form government owned Development Finance Institution to finance key sector of economy. DFIs can be established on line with KFW Germany, Brazil Development Bank and this could be achieved by financing NABARD for financing agriculture and rural sector and SIDBI for fin...

 Internal Working Group(IWG) of RBI in a report recommended large corporate and Industrial house allowed ownership of private bank. IWG has been constituted by RBI to review ownership guideline and corporate structure for Indian private Bank. What are the prospect of allowing Corporate in Banking sector? Indian Banking sector is struggling to meet the credit demand of growing Economy. for eg-       a) The total balance sheet of banks in India is less than 70% of GDP even after three decades of rapid growth in India which is much less than other countries like China where it is 150%.            b)The domestic Bank credit to private sector is around 50% of GDP which is much less than other countries like USA, CHINA, S.KOREA where it is more than 150% of GDP. Indian banks are less cost efficient as compared to global peers because of high NPA and interest rate in the economy. Covid19 has already cut government hand in providing capital...

 Internal working group of RBI headed by P.K Mohanty has recommended series of reform in banking. Committee has been constituted by RBI  to examine and review the licensing and regulatory guideline relating to ownership and control, corporate structure and other related issues. some of them are following;- The cap on promoter stake to be increased in long run(15 year) from currently 15% to 26% of the paid up voting capital of Bank. On non promoter shareholding to have a uniform cap of 15% of the paid up voting capital of bank of all type of shareholder. For the payment bank intended to convert to small finance bank track record of 3 years is suffice to consider. Small Finance Bank and Payment Bank may be listed within 6 years from the date of reaching net worth of equivalent to prevalent entry capital prescribed for Universal Bank or 10 years from the date of commencement of operation, whichever is earlier. The  minimum initial paid up capital requirement for licensing n...

  What is SMART test ? why it matters? CONTEXT--- On Monday, India successfully conducted the flight of a Supersonic Missile Assisted Release of Torpedo(SMART) system developed by the DRDO. WHAT IS SMART SYSTEM? The SMART system comprises a mechanism by which the torpedo is launched from a supersonic missile system with modification that would take the torpedo to a far longer range than its own. For eg- A torpedo with a range of few kilometer can be sent a distance of around 1000km by the missile system from where the torpedo is launched. The system also gives flexibility in terms of missile system's launch platform. Why it is important for India? It is a game-changing technology demonstration in anti-submarine warfare. It become more important in context of growing Chinese influence in Indian Ocean Region. It provide further boost to Navy's anti-submarine warfare capability with MAREECH successfully concluded last year. It strengthen India's status of net security provide...

  TECHNOLOGY, ECONOMIC DEVELOPMENT, BIO-DIVERSITY, ENVIRONMENT, SECURITY AND DISASTER MANAGEMENT:- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Inclusive growth and issue arising from it. Government Budgeting Major crops-cropping patterns in various parts of the country, - different types of irrigation and irrigation systems storage, transport and marketing of agricultural produce and issues and related constraints; e-technology in the aid of farmers. Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System- objectives, functioning, limitations, revamping; issues of buffer stocks and food security; Technology missions; economics of animal-rearing. Food processing and related industries in India- scope’ and significance, location, upstream and downstream requirements, supply chain management. Land reforms in India. Effects of liberalization on the economy, changes in...