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(PRELIMS + MAINS FOCUS)


Sero Survey

Part of: GS Prelims and GS – III- Governance

Key Findings of Fourth National Sero Survey 

What is Sero Survey?

How is Sero Survey Done?


E-Aasthi

Part of: GS Prelims and GS – III- E-Governance

In News: Bengaluru’s Municipal Corporation (BBMP) is set to extend the E-Aasthi project to all the wards in the three core zones – South, East and West.

Key Takeaways


Supreme Court quashes part of Cooperative Amendment 

Part of: GS Prelims and GS – II- Polity

In News: The Supreme Court on Tuesday struck down certain provisions of the Constitution (97th Amendment) Act, 2011

The Constitution (97th Amendment) Act, 2011 made following changes

Key Takeaways of SC Judgement

What is the significance of the verdict?


NEA Scout: NASA’s New Spacecraft

Part of: GS Prelims and GS – III- Science & Technology

In News: National Aeronautics and Space Administration (NASA) has announced that its new spacecraft, named Near-Earth Asteroid Scout or NEA Scout, has completed all required tests and has been safely tucked inside the Space Launch System (SLS) rocket.

About NEA Scout

What is unique about NEA Scout?


External Benchmarks Lending Rate

Part of: GS Prelims and GS – III- Economy

In News: In a recent RBI report on ‘Monetary transmission in India’, the share of outstanding loans linked to External Benchmarks Lending Rate (EBLR – like repo rate), increased from as low as 2.4% during September 2019 to 28.5% during March 2021.

About Internal Benchmark Lending rate (IBLR)

Benchmark Prime Lending Rate (BPLR)
  • It was used as a benchmark rate by banks for lending till June 2010.
  • Under it, bank loans were priced on the actual cost of funds.
Base Rate
  • Loans taken between June 2010 and April 2016 from banks were on base rate.
  • Base rate was the minimum interest rate at which commercial banks could lend to customers.
  • Base rate is calculated on three parameters — the cost of funds, unallocated cost of resources and return on net worth.
  • Hence, the rate depended on individual banks and they changed it whenever the parameters changed.
Marginal Cost of Lending Rate (MCLR): 
  • It came into effect in April 2016.
  • It is a benchmark lending rate for floating-rate loans. 
  • This is the minimum interest rate at which commercial banks can lend.
  • This rate is based on four components—the marginal cost of funds, negative carry on account of cash reserve ratio, operating costs and tenor premium.
  • MCLR is linked to the actual deposit rates. Hence, when deposit rates rise, MCLR  rises and lending rates increases.

What were the issues related to Internal Benchmark Lending Rates?

About External Benchmark Lending Rate (EBLR)

Concerns


Miscellaneous

Places in News

Karlapat Wildlife Sanctuary

Kumbhalgarh Wildlife Sanctuary


(Mains Focus)


SCIENCE & TECH/HEALTH

Topic:

Approaches to Vaccine Making 

In News: The Centre is funding the development of four vaccines, which are currently in various stages of human trials

The four vaccines, being funded under Mission Covid Suraksha, were the 

There are three main approaches to making Vaccine

  1. The whole-microbe approach

Viral Vector Vaccine: This type of vaccine uses a safe virus (different from the one that caused disease) to deliver specific sub-parts – called proteins – of the germ of interest so that it can trigger an immune response without causing disease. 

  1. The subunit approach
  1. The genetic approach (nucleic acid vaccine)

ENVIRONMENT/ GOVERNANCE

Topic:

Extreme weather events and Climate Change

Context: This year, people around the world have been doubly hit by the pandemic and extreme weather events which experts say have been fuelled by climate change.

Some of the extreme weather events across the world that were unusual: 

  1. Unprecedented heat wave in Canada and parts of the USA 
  1. Floods in Germany that killed over 180 people in the country
  1. Floods in New South Wales, Australia in March.

Likewise, Cyclones Tauktae and Yaas that hit India’s west and east coasts, respectively.

Is climate change responsible for extreme weather?

Conclusion

Connecting the dots :


WATER/ FEDERALISM/ GOVERNANCE

Topic:

Sharing during scarcity

Context: The Union Ministry of Jal Shakti’s gazette notification on the jurisdiction of the Krishna and Godavari River Management Boards over projects and assets in the fields of irrigation and hydropower.

Key Takeaways

Critical Analysis

  1. Welcome Development
  1. Avoids Competitive Water Projects:
  1. Telangana’s Objection Addressed:

Way Ahead

Connecting the dots:


(TEST YOUR KNOWLEDGE)


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

Note:

Q.1 Karlapat Wildlife Sanctuary is located in which state?

  1. Andhra Pradesh
  2. Odisha
  3. Maharashtra
  4. Tamil Nadu

Q.2 External Benchmark Lending Rate can be based on which of the following

  1. RBI repo rate
  2. The 91-day T-bill yield
  3. The 182-day T-bill yield

Select the correct statements

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

Q.3 Cooperative comes under which of the following lists? 

  1. State List
  2. Union List
  3. Concurrent List
  4. Local Bodies List

ANSWERS FOR 20th July 2021 TEST YOUR KNOWLEDGE (TYK)

1 C
2 C
3 D

Must Read

On Centrally Sponsored Schemes:

The Print

On Pegasus issue:

The Hindu

On Agri-Infrastructure:

Financial Express

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