Archives


(PRELIMS & MAINS Focus)


Anthrax

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Syllabus

Context: Anthrax, an infectious disease which affects domestic as well as wild animals, has been reported in wild boars.

Source: The Indian Express


ISRO’s ‘POEM’ platform

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In News: ISRO places 3 Singapore satellites, 6 experiments in orbit in second launch this year. The first one having placed an Indian Earth Observation Satellite in orbit.

POEM

Source: The Indian Express


Ranking in Ease of Doing Business

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Rankings:

Source: The Hindu


Net non-performing assets (NNPA) ratio

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In News: The asset quality of the banking system has improved with gross non-performing assets (GNPA) ratio declining from 7.4 per cent in March 2021 to a six-year low of 5.9 per cent in March 2022.

Notwithstanding the challenges from global spillovers, the Indian economy remains on the path of recovery, though inflationary pressures, external spillovers and geopolitical risks warrant careful handling and close monitoring.

What Is a Non-Performing Asset (NPA)?

Source: The Indian Express


Multi-Agency Maritime Security Group (MAMSG)

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Syllabus

Context: At the first meeting of the Multi-Agency Maritime Security Group (MAMSG), National Security Adviser (NSA) Ajit Doval, while calling for seamless coordination among all stakeholders involved in the maritime domain, stated that the maritime domain was a multilateral construct and a nation “cannot unilaterally decide” in the maritime domain.

Key Discussions:

India:

Source: The Hindu


ESZ Case: Gadgil’s WGEEP report back in the spotlight

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In News: As Kerala debates the Supreme Court order for maintaining at least a kilometre of Eco-Sensitive Zone for protected areas, the WGEEP report, popularly known as the Gadgil report, once again springs back to public discourse.

Gadgil Committee Recommendations:

Examination of Madhav Gadgil Report

Major Anthropogenic Threats to The Western Ghats

The Western Ghats of India is facing severe threats to its ecosystem. In the period between 1920 to 1990, 40 percent of its natural vegetation was depleted. This is coupled with dangers arising from encroachments. The major anthropogenic threats include:

Source: The Hindu


Should endorsers be held responsible for claims in advertising?

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In News: The Central Consumer Protection Authority (CCPA) notified guidelines for ‘Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022’. The guidelines, brought in with immediate effect, are applicable to all forms of advertisements.

The Guidelines

An advertisement shall be considered to be valid and not misleading, if–

Source: The Hindu


Services Sector

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Context: India’s aspiration to become a $5-trillion economy is predicated on the growth of its international trade to $2 trillion by 2030, equally contributed to by merchandise and services. This translates into a three-fold growth or almost 20 per cent CAGR over this period.

Concerns in the Services Industry

Even though it comprises over 50 percent of the GDP, the services sector does not receive the recognition — and more importantly, the encouragement in the form of incentives — it deserves.

  1. The perception at one level of the sector as comprising only IT: And the IT sector has flourished because of minimum government intervention. Ergo, the sector as a whole does not require any hand holding. This is a fallacious perspective.
  2. Not Recognising and celebrating: In the year 2021-22, services exports had exceeded $254 billion, an increase of over 20 per cent year-on-year, even though contribution from three sectors — education, healthcare and especially travel and tourism — was overall reduced by over $20 billion because of travel restrictions during the pandemic.
    • Further, consider that merchandise and manufacturing exports are $200 billion-negative in that we imported $600 billion versus our exports of over $400 billion. Services exports, by contrast, were over $100 billion-positive, underlining the importance of ensuring that the growth trajectory in services exports is maintained.
  3. Lack of Incentives:
    • During the reign of MEIS (Merchandise Exports Incentive Scheme), merchandise exporters benefited to the extent of over Rs 40,000 crore in 2018-19, whereas under the corresponding SEIS (Services Exports Incentive Scheme) exporters could avail of only a tenth of that amount.
    • Even though SEIS is committed under the Foreign Trade Policy, it was only through intense advocacy that a sum of Rs 2,000 crore was finally earmarked for services exports for 2019-20, largely on compassionate grounds as sectors like travel and tourism had suffered immensely due to Covid restrictions.
    • These incentives cannot be viewed as charitable handouts — they serve to make businesses internationally competitive as well as recognise contributions made by service providers. These incentives are clearly temporary impetus providers and there must be a slew of economic measures with both long-term effects and benefits for services.

The Way Forward

To quadruple services exports over the next 7-8 years is surely a herculean task and certainly not achievable unless there is a strategic road map with the right sort of government intervention.

Conclusion

In these adverse times, if economic momentum has to be sustained and every initiative and effort has to be made to yield the desired result, then the perception of services, especially their exports, must radically transform. This is also to ensure that as a major economy, India’s reliance should be on multiple horses in the race — manufacturing and services.

About the Service Exports from India Scheme (SEIS)

Source: The Indian Express


Daily Practice MCQs

Daily Practice MCQs

Q.1) Consider the following statements on the ‘GST Council’

  1. It is a constitutional body that was constituted by the 101st constitutional amendment act 2016.
  2. The Centre has one-third of the voting rights in the council.

Choose the correct answer using the code given below:

  1. 1 Only
  2. 2 Only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.2) ‘Bonalu’ seen in the news is recently is a

  1. Metal Handicraft
  2. Wall Paintings
  3. Music Form
  4. Festival

Comment the answers to the above questions in the comment section below!!

ANSWERS FOR ’1st JULY 2022 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.


ANSWERS FOR 30th JUNE 2022 – Daily Practice MCQs

Answers- Daily Practice MCQs

Q.1) – d

Q.2) – c

Q.3) – a

 

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