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Friday, November 8, 2019

Prelims booster(Micro notes), current affairs with static portions -5 November,2019

Mutual logistics agreement
  • India and Russia are expected to conclude a mutual logistics agreement and review the setting up of joint ventures for manufacturing spares for Russian defence platforms in India.
  • A 50-member industry delegation is accompanying Defence Minister to Russia to explore ways to jointly manufacture spares and components with Russian original equipment manufacturers (OEM) under ‘Make in India’.
Skills Build Platform
  •  Skills Build platform was launched by Directorate General of Training (DGT), under the aegis of Ministry of Skill Development & Entrepreneurship (MSDE) in Collaboration with IBM.
  • As part of the programme, a two-year advanced diploma in IT, networking and cloud computing, co-created and designed by IBM, will be offered at the Industrial Training Institutes (ITIs) & National Skill Training Institutes (NSTIs)
  • The platform will be extended to train ITI & NSTI faculty on building skills in Artificial Intelligence (AI).
  • Significance of the programme::-enhancing cognitive capabilities and personality-writing, problem solving and communication., foundational knowledge about digital technologies,role-based education for specific jobs etc
Regional Comprehensive Economic Partnership (RCEP)
  • RCEP is a proposed free trade agreement (FTA) between ASEAN + 5 FTA partners(China, Japan, South Korea, Australia and New Zealand.)
  •  India dropped out of the agreement, citing its negative effects on “farmers, MSMEs and the dairy sector(shaded Indian markets with Chinese goods and agricultural produce from oceania and lack of access to Indian services )
NBFC liquidity norms
  • The Reserve Bank of India (RBI) has introduced ‘liquidity management framework’ for Non-Banking Financial Companies (NBFCs).
  • It is applicable to all non deposit-taking NBFCs with an asset size of ₹100 crore and above, systemically important Core Investment Companies and all deposit-taking NBFCs irrespective of their asset size.
  • The liquidity coverage ratios(LCR) requirement will be binding on NBFCs from December 1, 2020, with the minimum HQLAs to be held being 50% of the LCR, progressively reaching up to the required level of 100% by December 1, 2024.
  • NBFC:-It is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.
Polypedates bengalensis
Polypedates bengalensis
  • It is a newly discovered frog species from West Bengal.
  • Also known as the Brown Blotched Bengal Tree Frog
  • It belongs to the genus Polypedates. There are 25 other Polypedates species round the world. Polypedates bengalensis is the 26th.

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