Current Affairs 10.01.2022
Current Affairs 10.01.2022
Current Affairs 08.01.2022 pdf
1. First Advance Estimates for GDP
- The Ministry of Statistics and Programme Implementation (MoSPI) released the First Advance Estimates (FAE) for the current financial year (2021-22).
- According to MoSPI, India’s Gross Domestic Product (GDP) will grow by 9.2% in 2021-22.
- The main significance of FAE lies in the fact that they are the GDP estimates that the Union Finance Ministry uses to decide the next financial year’s budget allocations.
- From the Budget-making perspective, it is important to estimate the nominal GDP — both absolute level and its growth rate.
- The difference between the real and nominal GDP shows the levels of inflation in the year.
- Real GDP = Nominal GDP — Inflation Rate.
- GDP = private consumption + gross investment + government investment + government spending + (exports-imports).
2. Asian Infrastructure Investment Bank (AIIB)
- Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB).
- In October 2021, the Union Minister of Finance participated in the 6th Annual Meeting of the Board of Governors of AIIB.
- It is a multilateral development bank with a mission to improve social and economic outcomes in Asia.
- It aims to connect people, services and markets that over time will impact the lives of billions and build a better future by investing in sustainable infrastructure and other productive sectors.
- It is established by the AIIB Articles of Agreement (entered into force December 2015) which is a multilateral treaty.
- It is headquartered in Beijing (China) and began its operations in January 2016.
3. Citizenship (Amendment) Act, 2019
- Recently, the Ministry of Home Affairs (MHA) missed the deadline of notifying rules under the Citizenship (Amendment) Act, 2019 (CAA).
- Amidst the concerns related to CAA and for better clarity, the two parliamentary committees (committee on subordinate legislation) in the Lok Sabha and the Rajya Sabha had sought MHA to frame the rules that will govern the CAA.
- If the government does not make rules and regulations, a law or parts of it will not get implemented. The Benami Transactions Act of 1988 is an example of a complete law remaining unimplemented in the absence of regulations.
- The CAA provides citizenship on the basis of religion to six undocumented non-Muslim communities (Hindus, Sikhs, Buddhists, Jains, Parsis and Christians) from Pakistan, Afghanistan and Bangladesh who entered India on or before 31st December, 2014.
- It exempts the members of the six communities from any criminal case under the Foreigners Act, 1946 and the Passport Act, 1920.
- The two Acts specify punishment for entering the country illegally and staying here on expired visas and permits.
4. India’s e-passports: Passport Seva Programme (PSP)
- The government of India has announced that it will soon start issuing ePassports to citizens applying for a new passport or renewing their expiring passport.
- The announcement is under an agreement signed between the Ministry of External Affairs (MEA) and Tata Consultancy Services Limited (TCS) which will facilitate the next phase of the PSP (Passport Seva Programme) termed PSP-V2.0.
- The MEA-TCS collaboration has been a part of the passport process since 2008 and has helped in increasing digitisation of the complex process that requires multiple stakeholders across the spectrum of the vast Government network.
- Tata Consultancy Services will ensure “support functions” like “citizen interface, technology backbone, call centres, training and change management”.
- The Government will exercise “all sovereign and security related functions” in the process of issuing passports.
5. Sweet Revolution
- The Khadi and Village Industries Commission (KVIC) has launched the country’s first Mobile Honey Processing Van at Village in Uttar Pradesh.
- Mobile Honey Processing Van that will process beekeepers’ honey at their doorsteps and thus save them the hassle and the cost of taking the honey to processing plants in far off cities for processing.
- This initiative is taken in pursuance of “Sweet Kranti” (Sweet Revolution).
6. Gharials
- The Assam government has issued a preliminary notification to make Orang National Park more than thrice its existing size for conserving Gharials.
- Gharials, sometimes called gavials, are a type of Asian crocodilian distinguished by their long, thin snouts.
- Crocodilians are a group of reptiles that includes crocodiles, alligators, caimans, and more.
- India has three species of Crocodilians namely:
- Gharial (Gavialis gangeticus): IUCN Red List- Critically Endangered
- Mugger crocodile (Crocodylus palustris): IUCN- Vulnerable.
- Saltwater crocodile (Crocodylus porosus): IUCN- Least Concern.
- All the three are listed on Appendix I of CITES and Schedule I of the Wild Life (Protection) Act, 1972.
- Exception: Saltwater Crocodile populations of Australia, Indonesia and Papua New Guinea are included in Appendix II of CITES.
7. Collective Security Treaty Organisation
- Kazakhstan’s President called on the Collective Security Treaty Organisation (CSTO) to help manage ongoing protests in the country.
- It is an intergovernmental military alliance (six countries) that came into effect in 2002.
- It started storming into Kazakhstan to curb the protests which threatened the very existence of the regime that has ruled the Central Asian country since it became an independent republic in 1991.
7. First Multi-Dimensional Adventure Sports Expedition: NIMAS
- The Defence Minister flagged-in India’s first multi-dimensional adventure sports expedition conducted by National Institute of Mountaineering and Allied Sports (NIMAS) in France.
- The expedition was conducted in November 2021 and the team was led by Director NIMAS comprising 12 people - eight Army personnel and four youths of Arunachal Pradesh.
- The expedition team carried out over 250 kilometres of winter trekking in the Alps Mountain Ranges, which included Tour De Mont Blanc trek covering the French, Swiss and Italian Alps.
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