IASbaba’s Daily Current Affairs (Prelims + Mains Focus)- 29th June 2018

Archives


(PRELIMS+MAINS FOCUS)


Remembering Bankim Chandra Chattopadhyay

Part of: GS Prelims and Mains I – Indian History; Modern History

Key pointers:


World Bank on impact of Climate Change

Part of: GS Mains III – Environment and Ecology; Climate Change

In news:

Key facts:


Tiger reserves in news

Other tiger reserves in Madya Pradesh

Do you know?


UGC to be replaced with HECI

Part of: GS Prelims and Mains II – Government policies and schemes; Education Reforms

Fast recap:

From previous article (28th June 2018), we know that –

In today’s article more differences have been highlighted –

Pic link: https://d39gegkjaqduz9.cloudfront.net/TH/2018/06/29/CNI/Chennai/TH/5_13/02a39acb_ec29b1bc_101_mr.jpg


Increased MSP to Farmers

Part of: GS Prelims and Mains II and III – Government policies and schemes; Social Reforms; Farmer issue

About:

In news:

Do you know?

The MSP is announced by the Government of India for 25 crops currently at the beginning of each season viz. Rabi and Kharif.

However, NITI Aayog member Professor Ramesh Chand has said that Centre implementing MSP for 23 major crops.

Following are the 25 crops covered by MSP:

Kharif Crops Rabi Crops Other Crops
  1. Paddy
15. Wheat 22. Copra
     2. Jowar 16. Barley 23. De-husked coconut
    3. Bajra 17. Gram 24. Raw Jute
    4. Maize 18. Masur (Lentil) 25. Sugar Cane (Fair and remunerative price)
    5. Ragi 19. Rapeseed/Mustard
    6. Arhar (Tur) 20. Safflower
    7. Moong 21. Toria
    8. Urad
    9. Cotton
    10. Groundnut in shell
     11. Sunflower seed
     12. Soyabeen
     13. Sesamum
     14. Nigerseed

Indian money in Swiss banks surges

Part of: GS Mains III – Indian Economy; Corruption and Black Money

In news:


Animal in news: Orange crocodiles

In news:

In this photograph taken on August 12, 2010, a researcher holds a cave crocodile captured in caves in Abanda in the Ogooue-Maritime, in the south-west of Gabon.
Scientists have discovered orange crocodiles living in Gabon’s caves. / AFP PHOTO / Olivier TESTA / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT “AFP PHOTO / OLIVIER TESTA” – NO MARKETING NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS — NO ARCHIVE AFTER MAY 26, 2019

Pic link: https://d39gegkjaqduz9.cloudfront.net/TH/2018/06/29/DEL/Delhi/TH/5_18/f3663548_2207555_1_mr.jpg


Blockchain technology

Part of: GS Prelims and Mains – Indian Economy; Science and Technology; Innovation

In news:

About  Blockchain technology

Blockchain can be thought of as a public account ledger, an immutable, transparent and permanent one. Each transaction is recorded and stored in the ledger that is out on a public bulletin board. Every transaction adds a block to the chain of transactions and each one is evaluated by every user based on algorithms they’ve agreed upon. Rather than being kept in single location, a copy of the blockchain is stored on every user’s server so that a user cannot alter it without other users finding out. Even though blockchain was conceived for financial transactions, its characteristics make it an apt solution that can support voting systems.

Due to its unique attributes of trust, transparency and immutability, such a system is expected to mitigate issues like vote manipulation in political processes.

Blockchain is the backbone technology on which bitcoins run. Simply put, it is a digital public ledger that records every transaction. Once a transaction is entered in the blockchain, it cannot be erased or modified. Blockchain removes the need for using a trusted third party such as a bank to make a transaction by directly connecting the customers and suppliers.

Each transaction is recorded to the ledger after verification by the network participants, mainly a chain of computers, called nodes. While the origin of the technology is not clear, it is widely believed that a person or group of people by the pseudonym Satoshi Nakamoto, who invented bitcoins, released the technology to support cryptocurrency.

Bitcoin is just one of the applications for the technology, whose use is being tested across industries. It is witnessing a lot of traction within India, in sectors such as banking and insurance. In most of these industries, players are coming together to form a consortium to realise the benefits of blockchain at an industry level.

For example, in India, there is a consortium ‘BankChain’ which has about 27 banks from India (including State Bank of India or SBI and ICICI) and the Middle East as its members. The consortium is exploring using usage of Blockchain technology to make business safer, faster and cheaper.

The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India (RBI), is developing a model platform for blockchain technology.

Blockchain is expected to improve the efficiency of a transaction by eliminating the middlemen, while also reducing the cost of all transactions. It is also likely to increase transparency and bring down fraud as every transaction would be recorded and distributed on a public ledger.


(MAINS FOCUS)


GOVERNMENT POLICY/SCHEME

TOPIC: General Studies 2:

Reforming education system

Introduction

Concerns with the present education system

Do you know?

Proposed solution

Arguments by the critics for the above concerns

Way ahead

Connecting the dots:


(TEST YOUR KNOWLEDGE)

Model questions: (You can now post your answers in comment section)

Q.1) Consider the following statements about ‘Anandamath’

  1. It is written by Bankim Chandra Chattopadhyay
  2. It was set in the background of the Santhal rebellion
  3. Vande Mataram, was first published in this novel

Select the correct statements

  1. 1 and 2
  2. 2 and 3
  3. 1 and 3
  4. All of the above

Q.2) In which of the following Mass movement ‘Vande Mataram’ became a call of agitation for Indians?

  1. Swadeshi movement 1905
  2. Non Cooperation Movement 1920
  3. Civil Disobedience Movement 1930
  4. Quit India Movement 1942

Q.3) With the boom of the bitcoin – a variety of cryptocurrency – the blockchain technology has come into prominence. What does this technology promise to do, even though it is still in its infancy?

  1. Help facilitate secure, online transactions in a decentralized way
  2. Keep out malware
  3. Connect servers with common reasons for existence, remotely
  4. All of the above

Q.4) Which of the following tiger reserves are located in the state of Odisha?

  1. Satkosia Tiger reserve
  2. Simlipal Tiger reserve
  3. Kawal Tiger reserve
  4. Pilibhit Tiger reserve

Choose the correct options

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1,2 and 3 only
  4. 1,2 and 4 only

Q.5) Consider the following

  1. Arecanut
  2. Barley
  3. Coffee
  4. Finger millet
  5. Groundnut
  6. Sesamum
  7. Turmeric

The cabinet committee on economic affairs has announced Minimum Support Price for which of the above?

  1. 1, 2, 3 and 7 only
  2. 2, 4, 5 and 6 only
  3. 1, 3, 4, 5 and 6  only
  4. 1, 2, 3, 4, 5 and 6 only

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