Daily Current Affairs-24th July 2018

www.iasinsights.in; www.iasgyaan.com posts UPSC Daily current Affairs.This info is taken from News papers, PIB, AIR News and Summarized for your easy understanding.

Daily Current Affairs -24th July 2018

GS-I(History)

The first Sultan of the Delhi Sultanate, Qutub-ud-din-Aibak was crowned at Lahore.

Background

  • Qutub-ud-din-Aibak was born in Central Asia to Turkic parents. He was sold to a local Qazi as a slave and raised in Persia.
  • He eventually became a slave of Muhammad of Ghor (also called Muhammad Ghori). Aibak was able to prove himself in service of Ghori and was appointed to a military position.
  • Ghori conquered Delhi in 1193 and returned to Khorasan leaving his Indian conquests to the care of Aibak.
  • He annexed the region between the rivers Ganga and Yamuna. His lieutenant Bakhtiyar Khilji conquered Bihar and Bengal. Aibak fought against the Rajput rulers who were resisting the Muslim invasions.
  • After Ghori’s assassination in 1206, Aibak became the de facto ruler of the Delhi Sultanate. He was crowned in Lahore, Pakistan whereto he moved his capital.
  • Aibak was the first Muslim Sultanate ruler in northern India. The dynasty he established is known as the Slave Dynasty or the Mamluk Dynasty.
  • He built mosques in Delhi and other areas. He was known as a generous king in times of peace and was honoured with the title Lakhbaksh.
  • He is most remembered for laying the foundation of the Qutb Minar in Delhi. It was named after a Sufi saint Khwaja Qutb-ud-din Bakhtiyar Kaki. Qutb Minar was completed by Aibak’s successor and son-in-law Iltutmish. It is a 240 ft tall tower. The construction was started in about 1192. The ground storey of the Minar was constructed over the ruins of the Lal Kot which was built by the Tomars.
  • He died in a polo accident in 1210 aged about 60. He was succeeded by his son-in-law Shams ud-Din Iltutmish.
  • His tomb is in Lahore.

GS-I(Geography)

Is the Meghalayan Event a Tipping Point in Geology?
  • Scientists with the International Commission on Stratigraphy (ICS) have announced that we are living in a new geological age.
  • Chemical signatures discovered in rocks rising from the floors of Indian caves mark the “Meghalayan Age,” which began 4,200 years ago.
  • The new age began with a 200-year mega-drought that ruptured civilizations and led to migrations across the world, the ICS reported.
  • This powerful climatic event left its mark on rocks as well as cultures.
  • Geologists have found evidence for the new age in sediments on all seven continents of the planet.
  •  It stretches from 4,200 years ago to the present on the famous International Chronostratigraphic Chart.
  • The Meghalayan Age is named after the northeastern Indian state of Meghalaya, which is home to the caves where the stalagmite was found.
  •  “In these stalagmites there is a very highly detailed record of climate change, which is shown by the geochemistry of the precipitated material—the carbonate formed by the dripping of water in the cave.
  •  “This indicates a major change in the global climate, especially in the mid and low latitudes, at around about 4,200 years ago.”

GS-II(Governance)

NCTE amendment Bill passed
  • The Lok Sabha on Monday passed the National Council for Teacher Education (Amendment) Bill to grant retrospective recognition to Central/State institutions that are conducting teacher education courses without NCTE approval.
  • All institutions running teacher education courses, such as B.Ed and D.El.Ed have to obtain recognition from the NCTE under section 14 of the NCTE Act.
  • The NCTE Act, 1993, came into force in 1995 and applies to all parts of India, except the State of Jammu and Kashmir.
  • The one-time measure put in place by the bill will apply to 20 public institutions that are running such courses without the UGC approval.
Lok Sabha passes Bill on cheque bounce cases
  • The Bill was introduced in the Lok Sabha in January, 2018.
  • The Lok Sabha on Monday passed the Negotiable Instruments (Amendment) Bill that allows a court hearing a cheque bounce case to direct the drawer — the person who wrote the cheque — to pay interim compensation to the person who filed the complaint.
  • The interim compensation, to be paid within 60 days of the court’s order, can be up to 20% of the value of the cheque.
  • it would bring down litigation and provide credibility to cheques and the banking system.
Congress to bring privilege motion against PM on Rafale deal details

Accusing Prime Minister Narendra Modi and Defence Minister Nirmala Sitharaman of misleading the Lok Sabha on the Rafale deal, the Congress has decided to bring a privilege motion against them.

What is Privilege motion?

  • A privilege motion is a notice by any member of either House of a state legislature or Parliament, against anyone who are accused of breach of privilege.
  • The concept called parliament privilege is borrowed from UK constitution
  • They are certain rights and immunities enjoyed by MP’s, MLA’s and MLC’s, individually and collectively, so that they can effectively discharge their functions.
  • When any of these rights and immunities is disregarded, the offence is called a breach of privilege and is punishable under law of Parliament or the state legislature.
  • Each House also claims the right to punish as contempt actions which, while not breach of any specific privilege, are offences against its authority and dignity.

CJI’s courtroom can go live first: Centre tells SC

  • The government on Monday told the Supreme Court that live-streaming of court proceedings should start with the Chief Justice of India’s courtroom.
  • Live-streaming should be initially restricted to constitutional issues decided by the top judge.
  • The government was treating the proposal as a very serious and significant step to reach out to the ordinary litigant.
  • The court had referred to live-streaming as an extension of the “open court” system allowing the public to walk in and watch the court proceedings.
  • It would help litigants conveniently follow the court proceedings and assess their lawyers’ performance. People from far-flung States did not have to travel all the way to the national capital for a day’s hearing.

Pushed by Supreme Court, Centre forms GoM, Secretary Panel to frame law against lynching

  • The government Monday informed Lok Sabha that it had created a Group of Ministers (GoM) under Union Home Minister Rajnath Singh and a high-level committee under Union Home Secretary Rajiv Gauba to “deliberate” and “make recommendations” for a separate penal provision on incidents of mob violence.
  • The committee led by Gauba will submit its recommendations to the GoM in four weeks. The GoM, which includes External Affairs Minister Sushma Swaraj, Road Transport Minister Nitin Gadkari, Law Minister Ravi Shankar Prasad and Social Justice and Empowerment Minister Thaawar Chand Gehlot, will examine these recommendations and submit its report to Prime Minister Narendra Modi.
  • The Gauba committee will include secretaries of the departments of Justice, Legal Affairs, Legislative Department and Social Justice and Empowerment as its members.

GS-II(International Affairs)

China Minister arrives in Bhutan on first top-level visit after Doklam

  • Bhutan is hosting Chinese Vice Foreign Minister Kong Xuanyou who is on a three-day visit that started Sunday.
  • Kong has met Bhutan’s King Jigme Khesar Namgyel Wangchuck and Prime Minister Tshering Tobgay
  • The timing of the visit is significant since polls are likely to be held in Bhutan in October.
  • While Bhutan has formal diplomatic relations with 53 countries, it does not have official bilateral relations with its northern neighbour.
  • Bhutan and China have unresolved border issues, and the two countries are in negotiations to resolve the dispute.
  • They have held 24 rounds of boundary talks so far — the last round took place in in August 2016. The 25th round could not take place in 2017, because of the two-and-a-half-month border stand-off.
  • While India has been supportive of Bhutan’s outreach to the world, it has always been cautious when it comes to Thimpu’s ties with Beijing

India extends $200 million credit lines to Rwanda; Modi holds talks with Kagame

  • India on Monday extended $200 million lines of credit to Rwanda
  • Modi, the first Indian Prime Minister to visit the East African country, announced that India will soon open its mission in Rwanda.
  • This will not only establish communication between our respective governments but also enable facilities for consular, passport, visa
  • The two countries signed agreements on leather and allied areas and agricultural research.
  • India also extended two lines of credit — one of $100 million for development of industrial parks and Kigali special economic zone (SEZ) in Rwanda and another one for $100 million for agriculture.

GS-III(Economy)

Medical tourists flocking to India
  • India a popular hub of medical tourism, attracting a large number of foreign patients every year. The total number of such visitors in 2017 was 4.95 lakh. This number had stood at around 2.34 lakh in 2015, and 4.27 lakh in 2016.
  • Bangladesh and Afghanistan continued to be the top countries from where the maximum number foreign tourist arrivals (for medical purpose) was seen.
  • In 2017, about 2.21 lakh tourists from Bangladesh are estimated to have come to India for medical reasons, compared to 1.20 lakh in 2015 and 2.10 lakh in 2016.
  • The provisional estimates of the total FEE through medical tourism during 2015, 2016 and 2017 were ₹1,35,193 crore, ₹1,54,146 crore, and ₹1,77,874 crore, respectively.

Significance of Medical tourism:

  • The Niti Aayog has identified medical value travel (MVT) as a major source of foreign exchange earnings.
  • Its medical value travel (MVT) was pegged at $3 billion in 2015, and is estimated to grow at a CAGR of 15%.
  • India currently has around 18% of the global medical tourism market
  • It is estimated to grow at a CAGR of 15%.
  • It has been estimated that by 2020, India’s medical tourism industry could be worth $9 billion, and account for 20% of the global market share.

Reasons for Medical tourism in India

  • advanced facilities,
  • skilled doctors, and
  • low cost of treatment
  • India was the preferred destination for cardiology, orthopaedics, transplants, and ophthalmology.
  • India also enjoyed high credibility in wellness, preventive, and alternative medicine.

Criticism:

Though India is best destination for medical tourism, unfortunately it is not affordable for Indians

Liberalize India’s IPO regulations
  • In the league of liberal democracies, India’s openness to trade and investment, a stark contrast to China’s digital mercantilism, is a strategic strength.
  • There is space for listed small capitalization and middle-market technology businesses that might grow into substantial entities as listed companies. This requires addressing regulatory bottlenecks that prevent pre-revenue Indian technology ventures from going public.
  • In this regard, we need to liberalize IPO regulations

What is IPO?

  • An initial public offering, or IPO, is the very first sale of stock issued by a company to the public.
  • Prior to an IPO the company is considered private, with a relatively small number of shareholders made up primarily of early investors (such as the founders, their families and friends) and professional investors (such as venture capitalists or angel investors).
  • The public, on the other hand, consists of everybody else – any individual or institutional investor who wasn’t involved in the early days of the company and who is interested in buying shares of the company.
  • Until a company’s stock is offered for sale to the public, the public is unable to invest in it.
  • Public companies, on the other hand, have sold at least a portion of their shares to the public to be traded on a stock exchange. This is why an IPO is also referred to as “going public.” 

Sports News

Chris Froome wins Tour de France 4th time.

  • British cyclist Chris Froome won his third consecutive and fourth overall Tour de France title in Paeis on Sunday
  • The 3540km 23 days long Grand Tour featured a total of 198 riders this year.

India finishes with 5 medals in world Para Athletics Championship.

  • The Indian contigent at the World Para Athletics Championship ended its campaign with 5 medals in London.
  • India won 5 medals including a gold, two silver and two bronze finishing at 32nd place.

HS Pranoy beats P Kashyap to lift his 3rd US Open Title.

  • In its all India final of US Open, HS Pranoy defeated P Kashyap to lift his 3rd US Open Grand Prix Gold Tournament.
  • Interestingly, this was third all-India final this year after Singapore Open and Sayed Modi International Badminton Championships.

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