Simple way for IAS preparation

Tuesday, November 26, 2019

Prelims booster(Micro notes), current affairs with static portions - 25,26 November,2019

Private member’s Bill
  • A bill introduce by any MP who is not a Minister is called private member's bill.
  • The admissibility is decided by the Chairman for Rajya Sabha and Speaker in the case of Lok Sabha.
  • Private can be discuss and introduce only in Friday while government Bills can be introduced and discussed on any day.
  • 28 private member’s Bills were introduced in Lok Sabha.
GST Council
  • The GST council is the key decision-making body that will take all important decisions regarding the GST.
  • The GST Council dictates tax rate, tax exemption, the due date of forms, tax laws, and tax deadlines, keeping in mind special rates and provisions for some states.
  • members:
  1. The Union Finance Minister will be the Chairperson
  2. As a member, the Union Minister of State will be in charge of Revenue of Finance
  3. The Minister in charge of finance or taxation or any other Minister nominated by each State government, as members.
  • voting strength :centre-1/3; state-2/3, decisions need 75% vote support.
Ken-Betwa interlinking
  •  The government has said it is pushing Uttar Pradesh and Madhya Pradesh to make progress on the Ken-Betwa river interlinking project.
  • The project involves transferring surplus water from Ken river in Madhya Pradesh to the Betwa in Uttar Pradesh and irrigate 3.64 lakh hectares in the Bundelkhand region of both States. 
  • The most recent one is a disagreement between the States on the share of water. There are outstanding environmental obstructions too.
  • The ₹18,000 crore project has been mired in several controversies. The most recent one is a disagreement between the States on the share of water..
  • Ken and Betwa rivers originate in MP and are the tributaries of Yamuna.
One Stop Centre(OSC) Scheme
  • Scheme popularly known as Sakhi, Ministry of Women and Child Development (MWCD) has formulated this Centrally Sponsored Scheme.
  • Under the scheme, One Stop Centres are being established across the country to provide integrated support and assistance under one roof to women affected by violence, both in private and public spaces in phased manner.
  • It will support all women including girls below 18 years of age affected by violence.
  • Union government has approved setting up of six plastic parks in different parts of the country.
  • These parks will have an ecosystem with infrastructure building and enabling the common facility to consolidate and synergize the capacities of the domestic downstream plastic processing industry.
  • These parks are located in Assam, Madhya Pradesh, Odisha, Jharkhand and Tamil Nadu. Out of them, the plastic park at Tamot in Madhya Pradesh is functional.
  • Four new plastic parks have also been given in-principle approval for establishment in West Bengal, Haryana, Uttarakhand and Chhattisgarh. 
  • Under the scheme, the Union government provides grant funding up to 50 per cent of the project cost. The remaining project cost is to be funded by State Government beneficiary industries and by a loan from financial institutions
Living root bridges
Living root bridges

  • Also known as Jing Kieng Jri
  • these are aerial bridges built by weaving and manipulating the roots of the Indian rubber tree.
  • They have been serving as connectors for generations in Meghalaya.
  • Built over centuries, the bridges, primarily a means to cross streams and rivers, have also become world-famous tourist attractions.
Exchange Traded Funds (ETFs)
  • The centre is planning to launch India’s first fixed income Exchange Traded Fund (ETF) comprising debt securities of large central public sector enterprises (PSUs).
  • ETFs are mutual funds listed and traded on stock exchanges like shares.
  • It is an ETF mirrors a particular index, which means the group of stocks in the ETF would be similar to those in the index that it is benchmarked to.
  • ETFs are passive funds where the fund manager doesn’t select stocks on your behalf. Instead, the ETF simply copies an index and endeavours to accurately reflect its performance.
  • In an ETF, one can buy and sell units at prevailing market price on a real time basis during market hours.

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