CAO The Hindu NOTES – 12th Mar, 2018 (Daily News Paper Current Affairs Analysis)
📰 THE HINDU NEWSPAPER – DAILY Hindu Current Affairs Analysis
Date:- 12th Mar 2018
INDIA COMMITS $1.4 BILLION FOR SOLAR ENERGY WORLDWIDE (GS IR)
India on Sunday successfully co-hosted the founding conference of International Solar Alliance (ISA), kicking off with 62 member-countries adopting the ‘Delhi Solar Agenda’.
Modi and French President Emmanuel Macron co-chaired the ISA founding conference in the presence of heads of state of 23 countries and ministerial representatives from 10 other nations, indicating an acceptance of India’s leadership role in the global fight against climate change.
On the occasion India announced one of the world’s largest investment plans in solar energy. The $1.4 billion line of credit will cover 27 projects in 15 countries and boost the much-required financial power to the solar sector.
PM Modi also presented a 10-point action plan aimed at making solar power more affordable while raising the share of power generated.
The French president also committed to providing an additional €700 million in loans and support by 2022 to emerging economies for solar energy projects.
What is International Solar Alliance
The International Solar Alliance (ISA) was unveiled by Indian and France at the U.N. Climate Change Conference in Paris on November 30, 2015. The idea was to form a coalition of solar resource-rich countries to address the identified gaps in their energy requirements collectively.
The ISA membership is open to 121 prospective member countries, most of them located between the Tropics and so far 56 countries have signed the ISA Framework Agreement.
The ISA has set a target of 1 TW of solar energy by 2030, requiring about $1 trillion to achieve.
India has set a target of 100 GW of solar energy by 2022 to itself which would account for a tenth of ISA’s goal. (India will plans to produce 175 GW electricity from renewable sources by 2022 and 100 GW of this will be from solar energy.)
India plays a crucial role in the alliance in order to achieve the stated targets both as a contributor and host.
Also ISA being the first international treaty-based organisation headquartered in India is an opportunity for the country to prove its leadership credentials to the world.
M.P. TO MAP ‘HAPPINESS QUOTIENT’ (GS 2 GOVT SCHEMS)
Madhya Pradesh State government is planning to study Just how happy are the people with their lives in. The MP government had earlier taken the lead in popularizing the concept in the country by setting up an ‘Anand Vibhag’, or the happiness department.
The study would be based on IIT-Kharagpur questionnaire. The government had inked a memorandum of understanding with IIT-Kharagpur in May last year for this purpose.
Meanwhile, the happiness department is also going to promote research that suggest ways for achieving happiness.
The initiative has come at a time when India stands at a lowly 122nd spot in the World Happiness Report for 2017, brought out by the United Nations.
Measuring happiness of people became a global talking point when Bhutan came out with a ‘happiness index’ and linked it to development, which is otherwise based on GDP numbers.
35 INFECTED WITH MONKEY FEVER IN GOA (GS 3 HEALTH)
About 35 people in Goa have tested positive for the Kyasanur Forest Disease (KFD), or the monkey fever.
The health department has intensified its vaccination drive and distributed tick repellent oils in the villages there to contain the disease
About monkey fever
Kyasanur forest disease or monkey fever is tick-borne viral diseases caused by Kyasanur forest disease virus (KFDV).
It is endemic to South Asia and was first detected in 1957 in Kyasanur Forest of Karnataka.
Monkey fever is so named because it primarily affects black-faced langurs and red-faced bonnet monkeys and result in their death. KFD causes seasonal outbreaks between December and May along Western Ghats mostly striking farmers in Goa, Karnataka
Ticks which thrives in the Western Ghats transmits the disease to humans from monkeys.
Its spread can be prevented through vaccination. Moreover, additional preventative measures include using insect repellents and wearing protective clothes in areas where ticks are endemic
U.S. TARIFFS: ‘INDIA MUST RAISE DISPUTE AT WTO’ (GS 3 ECONOMY)
Experts in the country feels that India should drag the United States into the World Trade Organisation’s (WTO) dispute mechanism against the latter’s move to hike import duties on steel and aluminium, as the decision will impact exports and is not in compliance with the global trade norms
India needs to approach the WTO against such decisions that are protectionist in nature as it would severely hit global trade
Dispute Settlement Process in WTO
The WTO provides for a dispute settlement body (DSB) to adjudicate upon the trade disputes between member nations.
If a country don’t like what other country is doing, it can raise a complaint with WTO
- 1st step is mediation, talk with the other country, see if problem can be resolved
- If no resolution is reached , a dispute settlement panel is formed, which hears both parties and gives it’s verdicts
- If one party is not satisfied with its orders it can file an appeal with the appellate body whose decision is final.
But if a country doesn’t comply with the orders, then there’s very little that WTO can do. In such a case the other country is free to take retaliatory measures.
PNB FRAUD: RBI STARTS SPECIAL AUDIT OF PUBLIC SECTOR BANKS (GS 3 BANKING)
In the context of recent banking frauds that has been unearthed pertain to trade finance, RBI has initiated special audit PSU Banks.
RBI is focusing on trade financing activities, especially relating to issuance of letters of undertakings (LoUs) by PSUs through the audit.
RBI has asked all banks for details of the LoUs they had written, including the amounts outstanding, and whether the banks had pre-approved credit limits or kept enough cash on margin before issuing the guarantees
Besides, the government on its part recently asked the state-owned banks to scrutinize all cases of non-performing assets (NPAs) exceeding Rs 50 crore for possible fraud and report the matter to the Central Bureau of Investigation (CBI) and come up with pre-emptive action plan combat rising operational and technical risks, and assign clear accountability to senior functionaries.
BENGAL TOPS IN RURAL JOB SCHEME, T.N. IS SECOND (GS 2 GOVT SCHEMS)
West Bengal followed by Tamil Nadu has become the best performing State both in terms of allotting jobs and utilising funds under the Mahatma Gandhi National Rural Employment Guarantee Act.
While the performance of States like Goa, Gujarat and Uttar Pradesh remained “not impressive.”
What is MGNREGA
- Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is the largest social security scheme in the world that guarantees 100 days of unskilled manual work to all rural households in India.
- The MGNREGA actually gives rural households the right to work. It makes obligatory for the State to give them work on demand. Household could actually sue the states for not doing so.
- It has changed the nature of the rural labour market. It gave opportunity to rural households to earn minimum income.
- With higher participation of women and SC and ST individuals, the scheme is inclusive. About one in two jobs created under the scheme is for women and about 40 per cent for SC/ST
- Reduced the distress in agriculture & economy due low agricultural productivity & small land-holding size