Current Affairs 27th August 2019

Daily Current Affairs 27th August 2019 covers some important current affairs like Gram Net connecting villages, Transfer of  surplus from RBI, MoU between Health Ministry & Ministry of Social justice & empowerment

Daily Current Affairs 27th August 2019 covers some important current affairs based on the examination point of view. All Current Affairs are mentioned below:-

  • Gram Net connecting villages
  • Health Ministry signs MoU with the Ministry of Social Justice & Empowerment for enhanced outreach on HIV/AIDS prevention
  • Transfer of Surplus from RBI

Gram Net connecting villages:-

The Government Minister of State for Communications Shri Sanjay Shamrao Dhotre reiterated its commitment in providing Wi-Fi in all the villages through GramNet with connectivity between 10mbps to 100 Mbps speed during a keynote address at the 36th Foundation Day celebrations of C-DOT. The Minister has launched new products of C-DOT- XGSPON, C-Sat-Fi & CiSTB.

About C-Sat-Fi:- C-Sat-Fi (C-DOT Satellite WiFi) is based on the optimal utilization of wireless and satellite communication to extend connectivity to the unserved areas including the remote islands and difficult terrains.

The solution is also ideally suited to addressing disasters and emergencies when no other means of communication are available, he added. This cost-effective solution does not require expensive Satellite Phones and can work on any WiFi-enabled phone.

About XGSPON:- It is an effective solution to fulfill the rapidly increasing demands of high network speeds emanating from the new dimensions of user applications like IPTV, HD Video Streaming, Online Gaming and host of other cloud-based services that necessitate the seamless availability of high bandwidth.

About CiSTB:- Based on a portable smart card like a mobile SIM, this solution will revolutionize the experience of the Cable TV operators by offering them a high degree of choice, ease, and convenience without having to replace the once installed STB. It will prove to be a boon to the dissatisfied customers who cannot change their Cable TV operator in view of the recurring costs of setting and installing the physical infrastructure afresh.

About C-DOT(Centre for Department of Telematics):-

  • Centre for Development of Telematics (C-DOT) was established in August 1984 as an autonomous Telecom R&D center of DoT, Govt. of India. 
  • It is a registered ‘public-funded research institution’ with the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Government of India. 
  • It has offices in Delhi, Bangalore, and Kolkata.

Health Ministry signs MoU with the Ministry of Social Justice & Empowerment for enhanced outreach on HIV/AIDS prevention:-

A Memorandum of Understanding (MoU) is signed between the Department of Social Justice, Ministry of Social Justice and Empowerment and National AIDS Control Organization (NACO,)Ministry of Health and Family Welfare.

Salient points of MoU are as follows:

  • Inclusion of target groups of NACO and National Action Plan for Drug Demand Reduction (NAPDDR) in the programs of NAPDDR & NACO for awareness generation.
  • Enhanced linkages and effective co-ordination between Injecting Drug Users Targeted Intervention (IDUs-TI) supported by NACO and Integrated rehabilitation center for Addicts (IRCAs) supported by DSJE.
  • Create awareness and educate people about the ill-effects of drugs abuse on the individual, family, workplace and the society at large and reduce stigmatization of and discrimination against, groups and individuals dependent on drugs in order to integrate them back into the society
  • Develop human resources and build capacity in order to strengthen the service delivery mechanisms for drug addiction treatment.
  • Developing a welfare scheme aiming at social inclusion and empowerment of Transgender which face extreme social alienation enhancing their vulnerability to HIV and drug abuse.
  • Address the risk of HIV transmission among all substance users through preventive risk reduction messaging on HIV/STI and linkages with Integrated Testing and Counseling Centre (ICTC) and other services.
  • Working towards empowerment of discriminated and vulnerable groups like victims of HIV/AIDS, victims of drug abuse, female sex workers, Persons engaged in Begging and transgender by nurturing a supportive and congenial environment which promotes human development by safeguarding human rights of all, providing social protection and rendering psycho-social care.
  • Include female sex workers and transgender as a target group for social defense and drug addicts as a target group for NACO.
  • Reduced incidence of social stigma and discrimination again victims of drug abuse and Children and People Living with HIV/AIDS through program education setting.

Transfer of Surplus from RBI:-

Recently, the Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government, which may help the government in dealing with the economic slowdown.

The Rs 1.76 lakh crore includes the central bank’s 2018-19 surplus of ₹1.23 lakh crore and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (recommended by Bimal Jalan Committee). The government already had revised downward the fiscal deficit target to 3.4% from 3.3% and initiated a slew of measures that are being dubbed as mini-budget.

Economic Capital Framework:-

  • The RBI had formed a committee chaired by former Governor Bimal Jalan to review its economic capital framework and suggest the quantum of excess provision to be transferred to the government.
  • The panel recommended a clear distinction between the two components of the economic capital of RBI i.e. Realized equity and Revaluation balances.
    • Revaluation reserves comprise of periodic marked-to-market unrealized/notional gains/losses in values of foreign currencies and gold, foreign securities and rupee securities, and a contingency fund.
    • Realized equity, which is a form of a contingency fund for meeting all risks/losses primarily built up from retained earnings. It is also called the Contingent Risk Buffer (CBR).

The Surplus Distribution Policy of RBI that was finalized is in line with the recommendations of the Bimal Jalan committee.

  • The Jalan committee has given a range of 5.5-6.5% of RBI's balance sheet for Contingent Risk Buffer.
  • Adhering to the recommendations, the RBI has decided to set the CBR level at 5.5% of the balance sheet, while transferring the remaining excess reserves worth ₹52,637 crore to the government.
  • If CBR is below the lower bound of requirement, risk provisioning will be made to the extent necessary and only the residual net income (if any) transferred to the Government.
  • However keeping CBR at a lower range of 5.5%, will reduce RBI's space to maneuver monetary policy.

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