www.iasinsights.in; www.iasgyaan.com posts UPSC Daily current Affairs -2nd July 2018. This info is taken from News papers, PIB, AIR News and Summarized for your easy understanding.
Daily Current Affairs -7th July 2018
Law Commission Recommends Regulating Betting
- The Law Commission recommended that gambling and betting on sports, including cricket, be allowed as regulated activities taxable under the direct and indirect tax regimes and used as a source for attracting foreign direct investment (FDI).
- The commission’s report, ‘Legal Framework: Gambling and Sports Betting including Cricket in India’, recommends a number of changes in the law for regulating betting and generating tax revenues from it.
CJI master of roster, ‘ultimate’ authority to distribute work: SC
- The Chief Justice of India (CJI) is the “master of roster”, the Supreme Court said it is the CJI’s authority and prerogative to allocate cases to other judges of the court.
- It stated CJI doesn’t mean Collegium for the purpose of allocation of cases
- The CJI is empowered to exercise “leadership” on the court, and in this role he is expected to be the “spokesperson and representative” of the judiciary in its dealings with the executive, among others.
Powers of CJI:
Article 145(1): Provides that subject to the provisions of any law made by Parliament, the Supreme Court may from time to time, with the approval of the President, make rules for regulating generally the practice and procedure of the practice and procedure of the court
Article 246 + Entry 77: Union List empowers the Parliament to make law in respect of the Constitution, organization, jurisdiction and powers of the Supreme Court.
Article 77: provides that the executive power of the Union shall extend to the matters with respect to which Parliament has power to make laws.
- The Parliament has not made any law so far with regard to formation of benches or laying down the principles for distribution of judicial business or allocation of cases amongst the judges.
- So, the Supreme Court, in exercise of its powers under Article 145, has been framing rules for regulating the practice and procedure of the court.
- Presently, the Supreme Court Rules, 2013, is governing the field.
NBWL added Four Species for Critically Endangered Species
- The National Board for Wildlife (NBWL) has given its nod to include four diverse species — Northern River Terrapin (riverine turtle), Red Panda, Clouded Leopard and Arabian Sea Humpback Whale — in the recovery programme for critically endangered species.
- They fall in the critically endangered to vulnerable categories as per the International Union for Conservation of Nature (IUCN).
- The species recovery programme of the Union Environment Ministry is implemented under Integrated Development of Wildlife Habitats — a centrally sponsored umbrella scheme for management and conservation of parks, wildlife habitats and conservation.
- National Board for Wild Life is a “Statutory Organization” constituted under the Wildlife Protection Act, 1972.
Animals Declared As ‘Legal Persons’ In Uttarakhand
- In a first, the Uttarakhand High Court accorded the status of ‘legal person or entity’ to the animals in the state. The HC stated that “they have a distinct persona with corresponding rights, duties and liabilities of a living person.”
- The unique status was bestowed upon the state’s animals by a division bench of judges comprising Justice Rajiv Sharma and Justice Lokpal Singh while issuing a series of directions to prevent cruelty against animals.
CCEA Approves ₹1-Lakh Cr for Research in Higher Education
- The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal to expand the scope of the Higher Education Funding Agency (HEFA) to mobilize ₹1 lakh crore for research and academic infrastructure for higher education institutions by 2022.
- In a first, Kendriya Vidyalayas /Navodaya Vidyalayas will also get funding from HEFA. IITs, NITs, IISERs and other Central universities as well as AIIMS and other medical colleges will also get funds from HEFA.
- The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries.
Cabinet Approved Extension of Scheme of Recapitalization of RRB
- The government has approved extension of recapitalization scheme for Regional Rural Banks (RRBs) for next three years up to 2019-20 with an aim to strengthen their lending capacity.
- A total of Rs 1,107.20 crore, as government’s share, out of Rs 1,450 crore, has been released to RRBs till March last year.
- The scheme started in 2010-11 and was extended twice in 2012-13 and 2015-16. The last extension was up to March, 2017.
- The remaining Rs 342.80 crore will be utilized to provide recapitalization support to RRBs who’s Capital to Risk Weighted Assets Ratio (CRAR) is below 9 per cent, during 2017-18, 2018-19 and 2019-20.
25 Countries in Global Banks’ ‘High Risk’ List
- China, UAE, Cyprus and significantly, Mauritius, along with 21other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds which comprise the largest group of investors in the Indian stock market.
- Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny while non-resident Indians and persons of Indian origin will run into new hurdles in participating in funds set up in these countries for trading on Indian exchanges.
SEBI – registered foreign portfolio funds invest in India through 56 countries. Of these, 25 are now considered ‘high risk’
Alternative cereals can save water
- Replacing rice with maize, finger millet, pearl millet, or sorghum could save irrigation and improving production of nutrients such as iron by 27% and zinc by 13%
- It also could reduce the demand for irrigation water by 33% and also improve nutritional availability to consumers.
- For this Crop Water Requirement (CWR), which is the product of the water required by a crop and the harvested area — to calculate water consumption in every district is used.
GS-II (International Affairs)
Bhutanese PM Tshering Tobgay 3 Day Visit To India
- Prime Minister Narendra Modi has met his Bhutanese counterpart, Tshering Tobgay in New Delhi. The two leaders discussed issues of mutual interest and enhancing special friendship between the two countries.
- India and Bhutan enjoy unique ties of friendship and cooperation, which are characterized by utmost trust and mutual understanding.
UN member states approve USD 6.69 billion for 13 peacekeeping operations in 2018-19
- The UN member states approved a USD 6.69 billion dollar budget for 13 peacekeeping operations for the year 2018-19.
- Along with funding it agreed to major management reforms, including the political and peacebuilding affairs and four stand-alone divisions for Africa — aimed at streamlining the Organization’s operations.
- The Fifth Committee (Administrative and Budgetary) of the General Assembly recommended authorization of USD 6.69 billion to finance 13 peacekeeping missions from July 1, 2018, to June 30, 2019.
- It is the second year in a row in which the committee has made significant cuts to the overall peacekeeping budget.
The missions include
- MINUJUSTH (United Nations Mission for Justice Support in Haiti),
- MINURSO (Mission for the Referendum in Western Sahara),
- MINUSCA (Multidimensional Integrated Stabilization Mission in the Central African Republic),
- MONUSCO (Stabilization Mission in the Democratic Republic of the Congo)
- UNIFIL (Interim Force in Lebanon).
Start paying your bills: Donald Trump to NATO members
- Ahead of the NATO Summit in Brussels next week, President Donald Trump has said he would ask NATO members to start paying their bills as the US is not going to take care of everything.
- He is expected to call on members of the security alliance to increase their own defense spending.
- The US pays 4% of a huge GDP and Germany which is the biggest country of the European Union, pays 1%.
- NATO’s purpose is to guarantee the freedom and security of its members through political and military means.
- It promotes democratic values and enables members to consult and cooperate on defense and security-related issues to solve problems, build trust and, in the long run, prevent conflict.
- It is committed to the peaceful resolution of disputes. If diplomatic efforts fail, it has the military power to undertake crisis-management operations. These are carried out under the collective defense clause of NATO’s founding treaty – Article 5 of the Washington Treaty or under a United Nations mandate, alone or in cooperation with other countries and international organizations.
- There are 29 countries presently in NATO.
Contribution by USA:
The United States is the biggest contributor to the United Nations, paying 22 per cent of the USD 5.4 billion core budget and 28.5 per cent of the USD 7.9 billion peacekeeping budget.
UNESCO to set up Gaming University in Andhra Pradesh
- United Nations Educational, Scientific and Cultural Organization (UNESCO) will be setting up a ‘Design University for Gaming’ in Visakhapatnam.
- UNESCO delegation entered into an agreement with Andhra Pradesh Economic Development Board (APEDB) for the establishment of ‘Gaming Digital Learning Hub’.
- The UNESCO delegation asked the Chief Minister for an allocation of 100 acres of land in Visakhapatnam.