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Current Affairs > English > 2019-01-08 > Editorial

International Civil Aviation Organization

 

The International Civil Aviation Organization has predicted a 100 percent increase in global air travel by the year 2030, creating a need for extensive efforts to bring the entire aviation ecosystem to pace.

Ministry of Civil Aviation (MoCA), in collaboration with FICCI is organizing a Global Aviation Summit with an overarching theme of “Flying for all”.

The summit will host a conference, expo and will endeavour meaningful engagements via G2G, G2B, B2B meetings and other networking opportunities.

·         The Summit aims to focus on the celebration of ‘Flying for All’ and to provide a platform to the aviation fraternity to showcase the challenges of the sector in the newly developing growth spots and understand how the technology-driven innovations will change the air travel in future.

·         The Summit also aims to be the most comprehensive platform for civil aviation, witnessing a vivid representation from the global aviation ecosystem entailing global leaders from airlines, manufacturers, investors, vendors, cargo, space industry, banking institutions, skill development agencies and states & UTs of India.

 

Key words: Flying for All, ICAO, FICCI

 

 

Draft National Policy on Domestic Workers

 

The salient features of the proposed draft National Policy on Domestic Workers are as under:-

(i)  Inclusion of Domestic Workers in the existing legislations

(ii) Domestic workers will have the right to register as unorganized   workers. Such registration will facilitate their access to rights & benefits.

(iii) Right to form their own associations/unions

(iv) Right to minimum wages, access to social security

(v)  Right to enhance their skills

(vi) Protection of Domestic Workers from abuse and exploitation

(vii) Domestic Workers to have access to courts, tribunals for grievance redressal

(viii) Establishment of a mechanism for regulation of private placement agencies.

(ix) Establishment of a grievance redressal system for domestic workers.

 

Key words: National Policy on Domestic workers, Domestic workers

 

 

NATIONAL

 

Economically Backward Sections

 

Why in News

The Union Cabinet approved a Constitution Amendment Bill to provide 10% reservation to the economically backward sections in the general category.

 

Details

 

·         The Bill will also cover those from the Muslim, Sikh, Christian, Buddhist and other minority communities.

·         The quota will be over and above the existing 50% reservation to the Scheduled Castes, the Scheduled Tribes and the Other Backward Classes (OBC).

 

Eligibility

An annual salary of less than Rs 8 lakh per year and possess less than 5 acres of land will be able to avail themselves of reservation in educational institutions and jobs.

 

Indira Sawhney Case

A nine-judge Constitutional Bench of the Supreme Court had, in the Indira Sawhney case, capped reservation at 50%.

The court had ruled ,that “clause (4) of Article 16 of the Constitution speaks of adequate representation and not proportionate representation” and “relaxation can be done in extraordinary situations and while doing so, extreme caution has to be exercised and a special case made out.”

According to the 2011 Census, the population of the country was 1.21 billion. The population of the Scheduled Castes was 201.4 million and that of the Scheduled Tribes stood at 104.3 million.

https://d39gegkjaqduz9.cloudfront.net/TH/2019/01/08/HYD/Hyderabad/TH/5_01/7db9587c_2650979_101_mr.jpg

 

 

Key words: Reservation, Economically Backward Sections

 

 

INS Kohasssa

 

Why in News

New air base of Indian Navy INS Kohassa

 

Details

Indian Navy’s new airbase INS Kohasssa will be commissioned at 100 miles north of Port Blair in the strategically located Andaman and Nicobar islands.

·         It will be India’s fourth air base and the third naval air facility in the archipelago, which are more closer to Southeast Asia than to the Indian mainland, overlooking key sea lanes of communication and strategic choke points.

·         The base will initially operate choppers and Dornier short-range surveillance aircraft.

·         It will initially have a runway of about 3,000 m which will in phases be extended to 9000 m to support all kinds of aircraft including fighter jets.

·         As part of the upgrade, the base will feature staging facilities, a fuel dump and maintenance and repair facilities. A complement of personnel would be positioned there.

 

Key words: INS Kohassa, Indian Navy                              

Economy

Commodity derivatives segment

Why in news?

With the number of exchanges offering commodity derivatives on the rise and national-level equity bourses also entering the fray, the Securities and Exchange Board of India (SEBI) is making all attempts to bring uniformity among the bourses in a segment.

·         The segment came under its regulatory purview only three years ago.

·         The capital markets regulator has decided to meet the chief regulatory officers (CROs) of all six exchanges that offer commodity derivatives trading once every quarter to discuss regulatory and compliance matters in order to enhance uniformity amongst the bourses.

Diversified segment

·         Unlike the equity segment with two main bourses and identical product offering, the commodity derivatives segment is quite diversified with each exchange having created a niche in a certain category of commodities.

·         Commodity market is not linear like equities and hence requires more coordination and oversight.

·         Each bourse has specialised in its own set of commodity offerings and the dynamics of every commodity differs due to the nature of the underlying spot.

·         There is uniformity among equity exchanges due to the regulatory oversight over the past many years. That needs to be replicated in the commodity segment.

Keywords: SEBI, commodity market, equity market.

Andhra Pradesh

Visit of Tony Blair

Why in news?

Former British Prime Minister Tony Blair visited the Real-Time Governance (RTG) Centre at the Secretariat.

RTGS

·         The RTGS is the integration of all departments on a single platform.

·         The government could plug leakages in the welfare schemes and thus saving public money.

·         The Andhra Pradesh Weather Forecasting and Early Warning Research Centre (AWARE) is a division of RTGS.

·         AWARE had accurately predicted the landfall of the Titli and Phethai cyclones. It helped the government minimise the damage.

·         Mr. Blair undertook the visit on behalf of his policy think-tank Tony Blair Institute for Global Change (TBIGC).

·         The institution is currently tied up with more than 200 institutions of higher learning in India.

Keywords: Real time governance standee RTGS, Tony Blair, Andhra Pradesh Weather Forecasting and Early Warning Research Centre (AWARE), Tony Blair Institute for Global Change (TBIGC).