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Daily Current Affairs : 27-Jan-2020

Major Topics Covered :

  1. INTERNATIONAL SHARK ATTACK FILE (ISAF)

  2. GTCI

  3. CHILD SEXUAL ABUSE

  4. MERCHANTING TRADE TRANSACTIONS (MTT) – REVISED GUIDELINES

  5. PARADIP PORT TRUST

  6. INDIA & BRAZIL-15 AGREEMENTS & MOU

  7. CARA

  8. NAGARDHAN EXCAVATIONS


INTERNATIONAL SHARK ATTACK FILE (ISAF)

Part of GS- 3 Environment


Why in news?

  • Globally, unprovoked shark attacks have been declining in the last two years, according to the International Shark Attack File (ISAF) compiled by the University of Florida.


Highlights:

  • There were 64 unprovoked bites in 2019, roughly in line with 2018’s 62 bites, and about 22% lower than the most recent five-year (2014-18) average of 82 incidents a year.

  • The Florida Museum of Natural History. located in the university, quoted Gavin Naylor, director of its shark research programme, as saying that the recent decline may reflect changes in the migration patterns of blacktip sharks, the species most implicated in the 21 bites that took place in Florida.

  • The United States had the highest number of unprovoked attacks in 2019, at 41, and Florida was the US region with the highest number, at 21. Following the US’s 41 cases was Australia with 11; these two countries accounted for over 80% of all cases.

  • Over half of them (53%) were surfing or participating in board sports. These were followed by swimming/wading at 25%, snorkeling/free-diving at 11%, body-surfing/horseplay at 8% and scuba diving at 3%.

  • The Ganges shark (Glyphis gangeticus) is a critically endangered species of shark found in the Ganges River (Padma River) and the Brahmaputra River of Bangladesh and India.


Source: Indian Express



GTCI

Part of GS- Economy


Why in news?

  • India has climbed 8 places to 72nd rank in the 2020 Global Talent Competitiveness Index (GTCI), which was topped by Switzerland, the US and Singapore.


Highlights:

  • India has climbed eight places to 72nd rank in the 2020 Global Talent Competitiveness Index (GTCI) although more could be done to improve the country's educational system (68th in Formal Education), India's key strength relates to growing (44th) talent, due to its levels of lifelong learning (40th) and access to growth opportunities (39th) the GTCI report said.

  • The GTCI report compiled by INSEAD in collaboration with human resource firm Addeco and Google was released in Davos, Switzerland.

  • Report noted that the gap between high income, talent-rich nations and the rest of the world is widening.

  • More than half of the population in the developing world lack basic digital skills. "Thus, the country's talent competitiveness is in line with what would be expected given its income level," according to the report.

  • This year's GTCI report explores how the development of artificial intelligence (AI) is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems.

  • Sweden (4th), Denmark (5th), the Netherlands (6th), Finland (7th), Luxembourg (8th), Norway (9th) and Australia (10th) complete the top 10 league table.

  • In the BRICS grouping, China was ranked 42nd, Russia (48th), South Africa (70th) and Brazil at 80th position.


Source: Mint



CHILD SEXUAL ABUSE

Part of GS- 1 Social Issues


Why in news?

  • The Adhoc Committee of the Rajya instituted by Chairman Venkaiah Naidu has made 40 recommendations to prevent sexual abuse of children and to contain access to and transmission of child pornography content on the social media.


Highlights:

  • Expressing concern over the seriousness of the prevalence of the horrific social evil of child pornography, the Committee has recommended important amendments to the Protection of Children From Sexual Offences Act, 2012 and the Information Technology Act, 2000 besides technological, institutional, social and educational measures and state level initiatives to address the alarming issue of pornography on social media and its effects on children and the society as a whole.

  • The 40 recommendations made by the Adhoc Committee relate to adoption of a broader definition of child pornography, controlling access for children to such content, containing generation and dissemination of Child Sexual Abuse Material (CSAM), making accountable the Internet Service Providers and online platforms for denying access to children and removing such obscene content from online sites besides monitoring, detection and removal of content, preventing under-age use of such content, enabling parents for early detection of accessing such content by children, enabling effective action by the governments and authorized agencies to take necessary preventive and penal measures etc.

  • National Cyber Crime Reporting Portal shall be designated as the national portal under reporting requirements in POCSO Act in case of electronic material;

  • Apps that help in monitoring children's access to pornographic content shall be made mandatory on all devices sold in India.

  • On-streaming platforms like Netflix and social media platforms like Twitter, Facebook etc. should have separate adult section where under- aged children could be disallowed;

  • National Commission for Protection of Child Rights (NCPCR) should be designated as the nodal agency to deal with the issue of child pornography.

  • The National Crime Records Bureau (NCRB) shall mandatorily record and report annually cases of child pornography of all kinds.


Source : PIB



MERCHANTING TRADE TRANSACTIONS (MTT) – REVISED GUIDELINES

Part of GS- 3 Economy


Why in news?

  • The Reserve Bank of India (RBI) has issued the revised guidelines for Merchanting Trade Transactions (MTT) under the Foreign Exchange Management Act (FEMA), 1999.


Highlights:

  • In Indian Context, the trade is called Merchanting Trade when,

  • The supplier of goods will be resident in one foreign country

  • The buyer of goods will be resident in another foreign country

  • The merchant or the intermediary will be resident in India

  • Merchanting transaction is one which involves shipment of goods from one foreign country to another foreign country involving an Indian Intermediary. Hence, It is also called Intermediary Trade.

  • According to revised guidelines, for a trade to be classified as merchanting trade, goods acquired shall not enter the Domestic Tariff Area. Also, the entire MTT shall be completed within an overall period of nine months.