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Monday, December 30, 2019

Prelims booster(Micro notes), current affairs with static portions - 30 December,2019

Instrument of Accession
  • From 2020, people in the Union Territory of Jammu and Kashmir will have a public holiday on 26 October for the first time. 
  • The day, which will be observed as Accession Day, marks the signing of the Instrument of Accession(legal document ) by the last Dogra ruler of J&K, Maharaja Hari Singh, with the then Governor-General of India, Lord Mountbatten  on October 26, 1947.
  • It declared that the state of Jammu and Kashmir accedes to India and gave India’s Parliament the power to legislate in respect of J&K only on the matters of defence, external affairs and communications.
  • Using Instrument of Accession, Article 370 was incorporated in the Constitution of India.
SnowEx
SnowEx

  • NASA has launched a seasonal campaign called SnowEx for better understand how water is contained in each winter’s snowfall and how much will be available when it melts in the spring.
  • Aim is to address the most important gaps in our snow remote sensing knowledge and lay the groundwork for a future snow satellite mission.
  • It assesses where snow has fallen, how much there is and how its characteristics change as it melts. 
  • It uses airborne measurements, ground measurements and computer modelling
 Deposit insurance
  • The finance ministry and the Insurance Regulatory and Development Authority (IRDAI) seek insurance for bank deposits above Rs 1 lakh aftermath of the Punjab and Maharashtra Cooperative (PMC) Bank scam.
  • Deposit insurance is providing insurance protection to the depositor’s money by receiving a premium.
  • The government has set up Deposit Insurance and Credit Guarantee Corporation (DICGC) under RBI to protect depositors if a bank fails.
  • Every insured bank pays premium amounting to 0.001% of its deposits to DICGC every year.
  • When a bank is liquidated, depositors are entitled to receive an insurance amount of ₹1 lakh( principal + interest)per individual from the Deposit Insurance and Credit Guarantee Corporation of India (DICGC).
UN backs Russia on internet convention
  • The United Nations has approved a Russian-led bid that aims to create a new convention on cybercrime.
  • The General Assembly approved the resolution sponsored by Russia and backed by China, which would set up a committee of international experts in 2020.
  • A new UN treaty on cybercrime could render the Budapest Convention obsolete, further alarming rights groups and Western powers that fear a bid to restrict online freedom.
  • The Budapest Convention was drafted by the Council of Europe, but other countries have joined, including the United States and Japan.
  • Budapest convention  is the first international treaty seeking to address Internet and computer crime by harmonizing national laws, improving investigative techniques, and increasing cooperation among nations.
  • Russia has opposed the Budapest Convention, arguing that giving investigators access to computer data across borders violates national sovereignty.
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