Daily Current Affairs (English) - 15.05.2018


http://www.iasexamcentre.com/community/images/arrow.jpgSouth Asia Wildlife Enforcement Network (SAWEN)

SAWEN recently its first ever meeting in India. Representatives of seven countries participated in the meeting and the members agreed on having an operational framework for strengthening the regional body to combat wildlife crime.

  • During the meet six proposals, including tracking of wildlife smuggling route, review of existing laws and a structure for the organisation were tabled.
  • SAWEN is a regional network comprises eight countries in South Asia –Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.
  • It aims at working as a strong regional intergovernmental body for combating wildlife crimes by attempting common goals and approaches for combating illegal trade in the region.

http://www.iasexamcentre.com/community/images/arrow.jpgSmriti Irani Chairs Meeting of Stakeholders on ‘Samarth’- Scheme for Capacity Building in Textile Sector

  • A meeting of stakeholders on Samarth – Scheme for Capacity Building in Textile Sector under the Skill India Mission was held in New Delhi on 14th May to familiarize the stakeholders about the scheme and its guidelines.
  • The meeting was chaired by Union Minister of Textiles, Smt Smriti Zubin Irani.
  • The broad objective of the new scheme is to skill the youth for gainful and sustainable employment in the textile sector covering the entire value chain of textiles, excluding spinning and weaving.

http://www.iasexamcentre.com/community/images/arrow.jpgNepal to hold BIMSTEC 2018

  • Nepal’s Prime Minister KP Sharma Oli recently announced to host the 2018 Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit.
  • During his meeting with Prime Minister Narendra Modi, Nepal Prime Minister said Nepal will hold the BIMSTEC summit while expressing commitment towards building the Bangladesh-Bhutan-India-Nepal initiative.
  • The BIMSTEC is an international organization of seven nations of South Asia and Southeast Asia, including Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan, and Nepal.

http://www.iasexamcentre.com/community/images/arrow.jpgOpen Acreage Licensing Policy (OALP)

  • The ‘open acreage’ in OALP refers to the fact that potential investors are now able to choose exactly which areas they want to explore and develop.
  • Under OALP, investors choose the exact areas they are interested in, convey their interest to the government, which then places just those blocks up for bidding, typically twice a year.
  • Under the new policy, developers don’t need to apply for separate licences for each of the hydrocarbons they want to extract from the block.
  • They can obtain a single unified license that will allow them to extract and market oil, gas, coal bed methane, shale oil and shale gas.
  • The new policy also does away with the earlier provision for a profit-sharing model with the government.
  • Profit sharing as a policy led to a number of delays and complications over what exactly constituted the cost, and therefore profit, of the firm doing the exploring.
  • The new policy hinges on revenue-sharing, doing away with this ambiguity.

http://www.iasexamcentre.com/community/images/arrow.jpgMerchandise Export from India Scheme

  • The Director General of Foreign Trade has said that the rates enhanced under the Merchandise Exports from India Scheme (MEIS), a scheme to promote exports, would continue beyond June 30.
  • Merchandise Exports from India Scheme (MEIS) under Foreign Trade Policy of India (FTP 2015-20) is one of the two schemes introduced in Foreign Trade Policy of India 2015-20, as a part of Exports from India Scheme.
  • Objective of Merchandise Exports from India Scheme (MEIS) as per Indian Foreign Trade Policy 2015-20 (FTP 2015-20) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced/manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.

http://www.iasexamcentre.com/community/images/arrow.jpgChinese state-run bank launches the India-dedicated investment fund

  • The fund, named the Industrial and Commercial Bank of China (ICBC) Credit Suisse India Market Fund, will “invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market”.
  • It is China’s first publicly offered fund for investing in India, state-run Global Times reported.
  • The fund will invest in the future of the Indian economy and track the distribution of the industrial structure across the Indian market, the report quoted a fund manager as saying.

http://www.iasexamcentre.com/community/images/arrow.jpgHeena bags gold in 10m air pistol in Hannover

  • India’s Heena Sidhu bagged a gold medal in the 10m air pistol category of the international shooting competition of Hannover, in what marked as a strong build-up to next week’s ISSF World Cup in Munich.
  • Heena was in a rollicking form in the final where she was tied with France’s Mathilde Lamolle on 239.8 points.
  • She won the tie shot to clinch the gold ahead of Mathilde. Shri Nivetha, also from India, settled for a bronze medal with a score of 219.2.

http://www.iasexamcentre.com/community/images/arrow.jpgScheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act

The Scheduled Castes and Tribes (Prevention of Atrocities) Act is popularly known as POA, the SC/ST Act, the Prevention of Atrocities Act, or simply the Atrocities Act. The SC/ST Act was enacted on September 9, 1989.

  • The rules for the Act were notified on March 31, 1995.
  • The SC/ST Act lists 22 offences relating to various patterns or behaviours inflicting criminal offences and breaking the self-respect and esteem of the scheduled castes and tribes community.
  • This includes denial of economic, democratic and social rights, discrimination, exploitation and abuse of the legal process.
  • According to the SC/ST Act, the protection is provided from social disabilities such as denial of access to certain places and to use customary passage, personal atrocities like forceful drinking or eating of inedible food sexual exploitation, injury etc, atrocities affecting properties, malicious prosecution, political disabilities and economic exploitation.
  • For speedy trial, Section 14 of the SC/ST Act provides for a Court of Session to be a Special Court to try offences under this Act in each district.
  • The prime objective of the SC/ST Act is to deliver justice to marginalised through proactive efforts, giving them a life of dignity, self-esteem and a life without fear, violence or suppression from the dominant castes.