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Current Affairs > English > 2019-03-14 > Editorial

PIB14032019

 

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NATIONAL

 

Director General of Police

 

Why in News

Supreme Court said that senior police officers with a residual tenure of six months before normal retirement could be considered for the post of DGP.

 

Details

The Supreme Court said the post of Director General of Police (DGP) of a State was reserved for the best.

It was meant neither for the political establishment’s favourite officers, nor only for those with a minimum residual tenure of two years before superannuation, the court clarified.

Dispelling confusion regarding an earlier order the court said senior police officers with a residual tenure of six months before normal retirement could be considered for the post of DGP.

 

Background

The order came on a plea by former Uttar Pradesh DGP Prakash Singh, who contended that the Union Public Service Commission (UPSC) was only considering police officers with a minimum two years’ residual tenure for appointment as DGP. This had led to many competent officers being overlooked.

 

Key words: DGP, Supreme Court, UPSC

Economy

RBI to inject liquidity via forex swaps

Why in News?

The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management.

·         The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for a three-year tenor on March 26.

·         In order to meet the durable liquidity needs of the system, the Reserve Bank has decided to augment its liquidity management toolkit and inject rupee liquidity for longer duration.

·         The U.S. dollar amount mobilised through this auction would also reflect in RBI’s foreign exchange reserves for the tenor of the swap while also reflecting in RBI’s forward liabilities.

·         According to bankers, the move is seen to lower the dependence on open market operations which have been a significant amount of the overall borrowing.

·         RBI also has raised the trade credit limit under the automatic route to $150 million for oil/gas refining and marketing, airline and shipping firms.

·         For others, the limit is set at $50 million or equivalent per import transaction.

·         At the same time, the revised framework has reduced the all-inclusive cost (all-in-cost) for overseas loans to benchmark rate plus 250 basis points from the earlier 350 bps.

Keywords – liquidity injection, RBI, foreign exchange buy/sell swap.

India gets first TIR shipment via Chabahar Port

Why in News?

The first shipment under the United Nations ‘Transports Internationaux Routiers’ (TIR) convention arrived in India from Afghanistan through Iran’s Chabahar Port.

·         The consignments arrived at port of Nhava Sheva, Mumbai and Mundra.

·         The TIR convention will help in fast and easy movement of goods across multiple countries under a common customs document and guarantee.

·         India had joined the TIR Convention (the United Nations Customs Convention on International Transport of Goods under cover of TIR Carnets) on June 15, 2017.

·         The convention allows goods to be outlined in a TIR carnet and sealed in load compartments.

·         Customs officials verify the carnet and check the seals, with no need for physical checking of the contents, enabling shipments to pass through countries without being opened at borders.

·         Reciprocal recognition of customs controls is at the heart of the Convention. This enables a facilitative and non-intrusive environment for multi-modal transport of goods through several countries.

·         The convention will help boost India’s exports and enable greater participation in the global value chains.

Keywords – TIR convention, Chabahar port, first shipment, Nhava Sheva.

 

The Global Environment Outlook (GEO)

Why in News?

A quarter of all premature deaths and diseases worldwide are due to manmade pollution and environmental damage, the United Nations said in a landmark report on the planet’s parlous state.

Deadly emissions, chemicals polluting drinking water, and the accelerating destruction of ecosystems crucial to the livelihoods of billions of people are driving a worldwide epidemic that hampers the global economy, it warned.

Findings of the report

·         The Global Environment Outlook (GEO) depicts a growing chasm between rich and poor countries as rampant overconsumption, pollution and food waste in the developed world leads to hunger, poverty and disease elsewhere.

·         As greenhouse gas emissions continue to rise amid a preponderance of droughts, floods and superstorms made worse by climbing sea levels, there is a growing political consensus that climate change poses a future risk to billions.

·         But the health impacts of pollution, deforestation and the mechanised food-chain are less well understood.

·         Nor is there any international agreement for the environment close to covering what the 2015 Paris accord does for climate.

Health emergencies

·         The GEO compiles a litany of pollution-related health emergencies.

·         It said that poor environmental conditions “cause approximately 25% of global disease and mortality” — around 9 million deaths in 2015 alone.

·         Lacking access to clean drinking supplies, 1.4 million people die each year from preventable diseases such as diarrhoea and parasites linked to pathogen-riddled water and poor sanitation.

·         Chemicals pumped into the seas cause “potentially multi-generational” adverse health effects, and land degradation through mega-farming and deforestation occurs in areas of earth home to 3.2 billion people.

·         The report says air pollution causes 6-7 million early deaths annually.

·         The report called for a root-and-branch detoxification of human behaviour while insisting that the situation is not unassailable.

·         Food waste for instance, which accounts for 9% of global greenhouse gas emissions, could be slashed. The world currently throws away a third of all food produced. In richer nations, 56% goes to waste.

·         It also called for a rapid drawdown in greenhouse gas emissions and pesticide use to improve air and water quality.

Keywords – Global Environmental Outlook, United Nations.

Andhra Pradesh

Iron Age burial sites

Why in News?

Iron Age (Megalithic period) burial sites datable to the period between 1000 and 500 BC have been found endangered at Tangeda village in Dachepalli mandal in Guntur district.

·         Called dolmens, the structures built of locally available huge slabs of Palnadu limestone to house the skeletal remains of the dead of the Iron Age, have been found scattered at many places.

·         The burials are discovered as part of the heritage awareness programme ‘Preserve Heritage For Posterity’ launched by the centre.

·         A few sites small in size meant for burying children were also spotted. The sites are practically on the A.P.- Telangana border, they could be developed as an archaeological or heritage tourist destination by adding a prehistoric theme park with basic amenities.

Keywords – iron age burial sites, megalithic burial sites, tangeda, Guntur, dolmens.

 

TELANGANA

 

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