Professional Documents
Culture Documents
Economy…………............................................................05
Finance & Banking...........................................................08
Governance & Polity........................................................11
Social Issues…………......................................................14
International News...........................................................16
National News……...........................................................17
Environment & Ecology…...............................................20
Defence & Security….………………………………………22
Science & Technology…..................................................23
Art & Culture..………..…...................................................24
Facts of the Week ............................................................31
One Nation-one Ration Card scheme implemented on pilot basis in four States
In a major boost to National Food Security, Government of India launched the One Nation-
One Ration Card scheme on a pilot basis in four States namely Telangana, Andhra
Pradesh, Maharashtra and Gujarat.
Families who have food security cards can buy subsidized rice and wheat from any Fair
Price Shop in these states. Their ration cards should be linked with Aadhar Number to avail
this service.
The Centre is intended to extend the programme to all states by August next year so that
the portability of the food security card implemented. There will also be creation of a Central
Repository of all Ration Cards to help national level de-duplication.
The national portability of Ration cards will ensure all beneficiaries especially the migrants in
getting access to Public Distribution System (PDS) across the nation from any PDS shop
of their own choice.
This will provide freedom to the beneficiaries as they will not be tied to any one PDS shop
and reduce their dependence on shop owners and curtail instances of corruption.
India to conduct 1st National Time Release Study to enable faster movement of
cargo
India’s first national Time Release Study (TRS) is being conducted by the Ministry of
Finance as part of its strategic commitment to improve global trade.
Time Release Study exercise will be conducted every year across 15 ports including sea,
air, land and dry ports.
The national TRS will establish baseline performance measurement and have
standardized operations and procedures across all ports.
TRS initiative for accountable governance, will measure rule-based and procedural
bottlenecks (including physical touchpoints) in the clearance of goods, from the time of
arrival until the physical release of cargo.
The TRS is an internationally recognized tool advocated by the World Customs
Organization to measure the efficiency and effectiveness of international trade flows.
RBI task force against Indian banks dealing in offshore NDF rupee market
The Task Force on Offshore Rupee Markets, set up by the Reserve Bank of India (RBI)
in February 2019 and chaired by Smt. Usha Thorat, former Deputy Governor, RBI,
submitted its report to the Governor recently.
The Task Force was set up to examine the issues relating to the offshore Rupee markets
and recommend appropriate policy measures while factoring in the requirement of ensuring
stability of the external value of the Rupee including measures for incentivising non-
residents to access the onshore foreign exchange market.
Key Recommendations
Indian banks should not be allowed to deal in the offshore rupee derivative market — or Non-
Deliverable Forward (NDF) markets — for the present.
The onshore rupee derivatives market is currently more deep and liquid as compared to
the offshore rupee market and participation of the Indian banks in the offshore market might,
over time, take away this advantage.
NDF is a foreign exchange derivatives contract whereby two parties agree to exchange
cash at a given spot rate on a future date. The contract is settled in a widely traded
currency, such as the US dollar, rather than the original currency.
Extension of onshore market hours to improve access of overseas users and permit
Indian banks to freely offer prices to global clients around the clock.
Banks should be allowed to freely offer prices to non-residents at all times either by a
domestic sales team or by using staff located at overseas branches.
Also, wide access to the forex-retail trading platform to non-residents would be a major
incentive to use the onshore market.
Enabling rupee derivatives (settled in foreign currency) to be traded in the International
Financial Services Centers (IFSC) in India.
To allow users to undertake forex transactions up to USD 100 million in over the counter
(OTC) currency derivative market without the need to establish underlying exposure
(security that must be delivered when a derivative contract is exercised).
7 | P a g e All ixamBee Mock Tests are FREE Please visit www.ixamBee.com
Contact us at 92055 24028 (SMS/WhatsApp/call) or info@ixambee.com
Weekly GK Capsule 5th August to 11th August
To facilitate non-residents to hedge their foreign exchange exposure onshore by:
Establishing a central clearing and settlement mechanism for non-resident transactions in
the onshore market;
Implementing margin requirements for non-centrally cleared OTC derivatives and allowing
Indian banks to post margins abroad;
Aligning the tax treatment of foreign exchange derivatives with that in major international
centres; and
Centralising the KYC requirements across financial markets with uniform documentation
requirement.
‘Onshore’ currencies simply mean buying the currencies locally, whereas ‘offshore’
currencies mean buying the currencies outside the national boundaries.
Despite efforts huge gap remains between the requirements and availability of
facilities in the mental healthcare sector
NHRC Chairperson, Mr. Justice H.L.Dattu, said that huge gap still remains in the
implementation of Mental Healthcare Act, 2017.
Salient features of the act:
It defines “mental illness” as a substantial disorder of thinking, mood, perception,
orientation or memory that grossly impairs judgment, behaviour, and capacity to
recognise reality or ability to meet the ordinary demands of life.
It does not include mental retardation which is a condition of arrested or incomplete
development of mind of a person, specially characterised by sub normality of intelligence.
12 | P a g e All ixamBee Mock Tests are FREE Please visit www.ixamBee.com
Contact us at 92055 24028 (SMS/WhatsApp/call) or info@ixambee.com
Weekly GK Capsule 5th August to 11th August
Rights of persons with mental illness:
IT also assures free treatment for such persons if they are homeless or belong to Below
Poverty Line, even if they do not possess a BPL card.
A person with mental illness shall have the right to confidentiality in respect of his mental
health, mental healthcare, treatment and physical healthcare.
Advance Directive: A person with mental illness shall have the right to make an advance
directive that states how he/she wants to be treated for the illness and who his/her nominated
representative shall be. The advance directive should be certified by a medical practitioner or
registered with the Mental Health Board.
Mental Health Authority: it empowers the government to set-up Central Mental Health
Authority at national-level and State Mental Health Authority in every State. Every mental
health institute and mental health practitioners will have to be registered with this Authority.
Mental Health Review Board: A Mental Health Review Board will be constituted to protect
the rights of persons with mental illness and manage advance directives.
Mental Health treatment:
A person with mental illness shall not be subjected to electro-convulsive therapy without
the use of muscle relaxants and anaesthesia. Also, electro-convulsive therapy will not be
performed for minors.
They shall not be chained in any manner or form whatsoever under any circumstances.
Suicide is decriminalised: A person who attempts suicide shall be presumed to be suffering
from mental illness at that time and will not be punished under the Indian Penal Code.
Centre has approved the project to link Kosi & Mechi rivers
The Centre has approved a Kosi-Mechi river interlining project in Bihar. Estimated cost of
the project is Rs 4,900 crore.
The project will provide irrigation for over 2.14 lakh hectares of command areas spread
across the districts of Araria, Kishanganj, Purnia and Katihar in north Bihar. This is
India’s 2nd major river linking project after Ken-Betwa of Madhya Pradesh.
Aquaman Cometh
Aquaponics is an ecologically sustainable model that combines Hydroponics with
Aquaculture.
Hydroponics is the soilless growing of plants, where soil is replaced with water.
Aquaculture is the raising of fish.
With Aquaponics both fish and plants can grow in one integrated ecosystem.
The fish waste provides an organic food source for the plants, which in turn naturally filter
the water for the fish, creating a balanced ecosystem.
The third participant i.e. microbes or nitrifying bacteria converts the ammonia from the fish
waste into nitrates which plants need to grow.
Benefits of Aquaponics
The Food and Agriculture Organization of the United Nations (FAO) put out a technical
paper in 2014, detailing the positives and negatives of the practice:
Benefits:
What the new IPCC report says on land and climate change
A new report by the Intergovernmental Panel on Climate Change (IPCC) presents the
evidence on how the different uses of land — forests, agriculture, urbanisation — are
affecting and getting affected by climate change.
The report’s full name is Climate Change and Land, an IPCC special report on climate
change, desertification, land degradation, sustainable land management, food security,
and greenhouse gas fluxes in terrestrial ecosystems.
It is one of three special reports that the IPCC is preparing during the current Sixth
Assessment Report cycle.
This is the first time that the IPCC has focused its attention solely on the land sector.
Key Findings:
Land is a critical resource: Agriculture, forestry and other types of land use account for
23% of human greenhouse gas emissions. At the same time natural land processes absorb
carbon dioxide equivalent to almost a third of carbon dioxide emissions from fossil fuels and
industry.
Desertification and land degradation: When land is degraded, it becomes less productive,
restricting what can be grown and reducing the soil’s ability to absorb carbon. This
exacerbates climate change, while climate change in turn exacerbates land degradation in
many ways.
Food Security: Climate change is affecting all four pillars of food security: availability (yield
and production), access (prices and ability to obtain food), utilization (nutrition and cooking),
and stability (disruptions to availability).
Land and climate change responses: Focus should be more sustainable land use, reducing
over-consumption and waste of food, eliminating the clearing and burning of forests,
preventing over-harvesting of fuelwood, and reducing greenhouse gas emissions, thus helping
to address land related climate change issues.
IIT Guwahati develops hand-held device to detect bacteria without going to lab
A team of researchers at the Indian Institute of Technology, Guwahati (IIT-G) has
developed a portable device to detect bacteria without cell culture or microbiological
assays.
At present, the detection of bacteria in body fluids is done in laboratories. The cells that are
derived from the patient are initially cultured or grown so that enough of the bacterial cells
are available for microbiological analysis.
However, this technique is extremely time- consuming.
Recent development:
The new portable device uses an Organic Field Effect Transistor (OFET) to instantly detect
the charges on the cell walls of bacteria. The rapid detection kits are like those used for
blood sugar monitoring.
The OFET is an electronic device that works on the principle that charges in the vicinity of
the channels of certain semiconductors can induce a current in them. Thus, the charges on
the surface of the bacterium, induces a current in the OFET, which is registered and read.
The team work has been recently patented as well as published in the July 2019 issue of
'Journal of Materials Chemistry of the Royal Society of Chemistry'.
Raksha Mantri Shri Rajnath Singh chairs first Defence Acquisition Council
meeting
To give a boost to indigenisation, the Defence Acquisition Council (DAC) accorded approval
for procurement of indigenous Software Defined Radio (SDRTactical) and Next Generation
Maritime Mobile Coastal Batteries (Long Range) for the Indian Navy. This was the first DAC
meeting chaired by Raksha Mantri Shri Rajnath Singh since assuming office.
Software Defined Radio (SDRTactical):
It is communication system, which would enable information sharing through high-speed
data and secure voice communication with anti-jamming capability.
Appointments
Noel Quinn becomes interim CEO of HSBC
HSBC has announced the departure of its Chief Executive Officer John Flint. Noel Quinn, the
head of HSBC’s Global Commercial Banking unit will replace John Flint as the interim CEO.
Events
Udaipur to host India’s Largest Education Brainstorm
The 3rd edition of India’s largest education brainstorming event, the ScooNews Global
Educators Fest (SGEF) will held in the city of lakes, Udaipur. It will bring together over 500
educators to discuss the way towards establishing India as the next global education
powerhouse.
The theme for fest is Education for Sustainability: Moving on from Conformity to
Creativity’.
2nd All India Annual Conference of IIS Officers
The 2nd All India Annual Conference of Indian Information Service Officers was held in
New Delhi.
Awards
ISRO announces Vikram Sarabhai Journalism Award in Space Science,
Technology and Research
ISRO has recently announced the ‘Vikram Sarabhai Journalism Award in Space Science,
Technology and Research’, as part of the centenary year celebrations of Dr. Vikram
Sarabhai, the father of Indian space programme.
The award has been announced to recognize and reward journalists who have actively
contributed towards the field of space science, applications, and research.
The articles published from 2019 to 2020 will be considered for the award.
The names of the selected candidates will be announced on August 1st, 2020.
NITI Aayog to launch the Fourth Edition of Women Transforming India Awards
The NITI Aayog launched the Fourth Edition of Women Transforming India (WTI) Awards.
Nominations for the awards will be opened immediately after the launch.
The Women Transforming India (WTI) Awards is being organized in collaboration with the
United Nations to recognize women entrepreneurs from across India.
This year’s theme is ‘Women and Entrepreneurship’, in continuation of the theme for WTI
Awards 2018.
WhatsApp has collaborated with NITI Aayog for WTI Awards 2019 and will be providing
support amounting to US$100,000 to the award winners.
About Women Entrepreneurship Platform (WEP)
The Women Entrepreneurship Platform (WEP) is a Government of India initiative by NITI
Aayog to promote and support aspiring as well as established women entrepreneurs in
India, assist and handhold them in their journey from starting to scaling up and expanding
their ventures.
It has more than 5,000 women entrepreneurs registered on the platform, more than 30
partners and, has committed funding of more than US$10mn for these startups.
Persons
Tribute: Sushma Swaraj showed remarkable dedication in serving people of the
country
Former external affairs minister Sushma Swaraj, 67, passed away after suffering a cardiac
arrest.
Born in Haryana in 1952, Sushma Swaraj went on to become a practicing lawyer in the
Supreme Court. After being an active member of Jayaprakash Narayan's anti-Emergency
movement, she became a member of the Bhartiya Janata Party.
Sushma Swaraj was a seven-time Member of Parliament and a three-time MLA.
She had many firsts to her credit such as being the youngest cabinet minister in the
Haryana government in 1977, first woman Chief Minister of Delhi in 1998 and the first
woman spokesperson for any national political party in the country.
She was External Affairs Minister from 2014 to 2019, leader of the Opposition in Lok Sabha
from 2009 to 2014, Minister for Information and Broadcasting in Vajpayee Government from
2000-2003.
Sports
Satwiksairaj & Chirag 1st Indian doubles pair to win Super 500 title
India’s Satwiksairaj Rankireddy and Chirag Shetty scripted a piece of history by
breaching the ‘Chinese Wall’ of reigning World champions Li Jun Hui and Liu Yu Chen,
with a victory in the men’s doubles final of the Thailand Open badminton championship in
Bangkok.
This is the first-ever Indian men’s combination to win a BWF Super 500 title.
French inventor crosses English Channel on ‘Flyboard’
French inventor Franky Zapata is 1st person in history to cross the English Channel on
the jet-powered hoverboard.
Zapata completed the crossing in 22 minutes, reaching speeds of up to 110mph (177km/h)
flying 15-20 metres (50-65ft) above the water. Zapata made the 35-kilometre (21.5 miles)
crossing from the French seaside town of Sangatte to St. Margaret’s Bay in Dover, England.