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Daily Current Affairs : 6-Dec-2019

Major Topics Covered :

  1. AERIAL AND DART SEEDING

  2. BI-MONTHLY MONETARY POLICY STATEMENT, 2019-20

  3. “FUGITIVE ECONOMIC OFFENDER” (FEO)

  4. EXTRA NEUTRAL ALCOHOL (ENA)

  5. MILITARY EXERCISE INDRA 2019

  6. WOMEN HELP DESKS IN POLICE STATIONS

  7. SARAI 14 MLD SEWAGE TREATMENT PLANT

  8. MAHARAJA DULEEP SINGH

  9. INVESTOR EDUCATION & PROTECTION FUND AUTHORITY (IEPFA)



AERIAL AND DART SEEDING

Part of GS- 3 Environment and Ecology


Why in news:


The Delhi High Court asked forest authorities whether “planting of seeds could be done by throwing dart shots containing them from helicopters into forest areas”.


Justice G S Sistani and Justice A J Bhambhani were hearing public interest litigation it had initiated in 2015 on the issue of poor air quality in Delhi; a PIL was also filed last year by law students Mihir Garg and Rashi Jain.


Highlights:


Aerial seeding:

  • It is a well-established concept, but this is generally achieved not with darts but by spraying seeds through an aircraft or a drone.

  • Even a variation of dart seeding has been used in the past in Delhi, but this again was done from the ground itself.

  • Aerial seeding can be used not only to plant various crops but also to spread grasses to large areas of the land after wildfires, a common problem in countries like the United States.

  • Aerial seeding is adopted because it is quicker and more effective than planting manually.

  • It also allows access to areas where the terrain is rocky or at high elevation.


Dart seeding:

  • Dart seeding is used with the same broad objective as aerial seeding: a plantation in inaccessible areas.

  • The process involves throwing darts containing seeds onto open ground.

  • A variation of dart seeding was used in Asola Bhatti Wildlife Sanctuary in the late 1990s, but not with a helicopter, Delhi Forest Department sources said.

  • The Forest Department used a long iron rod to access ground that could not be reached due to thick cover of shrubs. Seeds were put into the rod, which had a small opening at the other end.

  • When the rod was inserted into the removed and then removed, the soil would cover the seed, unlike in aerial plantation when seeds are thrown into open ground.

  • In aerial seeding, many seeds fail to germinate.

  • If dart plantation is done from a low-flying helicopter, seeds have a relatively better chance of survival as they reach deeper into the ground.

  • Plantation with both aerial and dart plantations is carried out close to the onset of monsoon as watering the seeds is often challenging in inaccessible areas.


Source: Indian Express


BI-MONTHLY MONETARY POLICY STATEMENT, 2019-20

Part of GS-3 Economy


Why in news?

RBI With a no rate action, the repo rate the rate at which banks borrow from it- remain unchanged at 5.15%


Highlights:

  • The six-member Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das unanimously voted for a status quo policy.

  • The reverse credit policy has also maintained the reverse repo rate at 4.90 per cent and the marginal standing facility rate and Bank Rate at 5.40 per cent.

  • The real GDP growth for 2019-20 has been revised downwards from 6.1 per cent in the October policy to 5.0 per cent.

  • The decisions are in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 per cent while supporting growth.


About Monetary Policy Committee(MPC):


The Monetary Policy Committee (MPC) constituted by the Central Government under Section 45ZB. The MPC determines the policy interest rate required to achieve the inflation target.


The Reserve Bank’s Monetary Policy Department (MPD) assists the Monetary Policy Committee (MPC) in forming the monetary policy.

The Monetary Policy Committee determines the policy rates required to achieve the inflation target.


Composition of Monetary Policy Committee:


The 6-member Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934.


The first meeting of the Monetary Policy Committee (MPC) was held on in Mumbai on October 3, 2016.


The composition of the MPC as on April 2019 is as follows:

  • Governor of the Reserve Bank of India

  • Deputy Governor of the Reserve Bank of India

  • One officer of the Reserve Bank of India to be nominated by the Central Board – Member, ex officio

  • Three eminent persons in the field of Economy.

  • Except ex-officio members all members will hold the office for a period of 4 years or until further orders, whichever is earlier.


Source: AIR


“FUGITIVE ECONOMIC OFFENDER” (FEO)

Part of GS-3 Economy


Why in news:

A Mumbai PMLA judge Thursday (December 5) declared jeweller Nirav Modi, key accused in the Punjab National Bank (PNB) fraud case, a “fugitive economic offender” (FEO) on a plea by the Enforcement Directorate (ED).


Highlights:

  • At the beginning of this year, a special court in the same city had declared liquor baron Vijay Mallya an FEO, also on a plea by the ED - the first such designation of an accused individual.

  • Both Mallya and Nirav Modi are in the United Kingdom, and fighting extradition to India.


Who is a Fugitive Economic Offender (FEO)?


An FEO is defined by The Fugitive Economic Offenders (FEO) Act, 2018 as “any individual against whom a warrant for arrest in relation to a scheduled offence has been issued by any court in India, who (i) has left India so as to avoid criminal prosecution; or (ii) being abroad, refuses to return to India to face criminal prosecution”.


The FEO Act aims “to provide for measures to deter fugitive economic offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts, to preserve the sanctity of the rule of law in India and for matters connected therewith or incidental thereto”.