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12MAY AGASTA REPORT

01-January-1970 Agasta Admin

12MAY AGASTA REPORT

Rounded Rectangle:  AGASTA IAS           12MAY2019 REPORTRounded Rectangle: 7054016000
7054032000
1.International Nurses Day is celebrated on 12 May

12 May 2019 Current Affairs: International Nurses Day (IND) is an international day observed around the world on 12 May of each year, to mark the contributions that nurses make to society. It was first observed in 1965.
ICN commemorates this important day each year with the production and distribution of the International Nurses' Day (IND) resources and evidence. The theme for the year 2019 is "Nurses: A voice to lead - Health for All"
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2. Indian Navy joins Group sail in South China Sea

12 May 2019 Current Affairs: Two Indian Navy ships INS Kolkata and INS Shakti carried out a six-day long 'Group Sail' with naval ships in the South China Sea (SCS). The exercise was held from 3rd May to 9th May. 
The Group Sail was aimed at deepening the existing partnership and fostering mutual understanding among participating country's navies. Four countries namely, US, India, Japan, and the Philippines participated in the naval exercise. 
Six Naval combatants from participating countries included India's INS Kolkata (Guided Missile Destroyer) and INS Shakti (Fleet Support Ship), Japna's JMSDF Izumo (Helicopter Carrier) and JMSDF Murasame (Guided Missile Destroyer), Philippines's BRP Andres Bonifacio (Frigate and offshore patrol vessel) and USA' USS Williams P. Lawrence (Arleigh Burke Class guided Destroyer). 
The exercise included formation exercises, communication drills, passenger transfers, cross-deck flying, replenishment runs, and exchange of Sea Riders. It showcased India's commitment to enhance interoperability with like-minded countries for ensuring a safe maritime environment
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3. UN Report stated that the Royal Bengal Tigers may not survive Climate Change

12 May 2019 Current Affairs: Recent UN report said that Climate change and rising sea levels may eventually wipe out The Sundarbans, which is one of the world's last and largest tiger strongholds. The report rely on climate change scenarios was developed by the Intergovernmental Panel on Climate Change (IPCC) for its simulation models.

Observations listed in the report:
If greenhouse gas (GHG) emissions continued at the current rate, the atmosphere would warm as much as 1.5C (above preindustrial levels) by 2040. This climate change would lead to rising sea level and existential threat to the Sundarbans. 
In 2010, the World Wide Fund for Nature (WWFN), a Non-governmental organization estimated that sea level rise of 11 inches could reduce the number of tigers in Sundarbans by 96% within a few decades. By 2070, there will not be any suitable habitats of tiger remaining in Bangladesh Sundarbans. 
70% of Sundarbans is just a few feet above sea level, thus faces grave threat due to climate changes. It is one of the prime habitats of Bengal tigers, who are among 500,000 land species whose survival is in question because of threats to their natural habitats due to climate change.
Conservation efforts and fight against habitat loss in Sunderbans needs to begin immediately, as it could take about 20 years for these efforts to even start showing any results, but if action isn't taken soon there won't be any forest or tigers to save in 50 years.



4. Fifteenth Finance Commission hold meetings with Eminent Economists

15th Finance Commission held a two-day meeting with eminent economists, top executives of leading banks at RBI headquarters in Mumbai. 
Addressing the media today Chairman of Finance Commission Mr N.K. Singh said that last two days meeting with top economists, Panel of experts from RBI and bankers, the Finance commission explored issues pertaining to state leadership, development, better governance and its connection with the market mechanism. 
Mr Singh the experts also discussed on the future of Centrally Sponsored Schemes-CSSs and attempts by which rationalization and simplification were done in the past and overall situation at present.
The obligation for the recapitalization of Prompt Corrective Actions of Public Sector Banks is upon the Central Government; hence the action would be taken only upon a Memorandum is submitted by the Union Government. 
The panel expected that the Centre and states would conform to the targets stipulated in their respective Fiscal Responsibility and Budget Management Acts. He added that the experts unanimously agreed that the quality of the budget needs to improve.

The Finance Commission

The Finance Commission is appointed by the President under Article 280 of the Constitution.

Functions of the Finance Commission: It is the duty of the Commission to make recommendations to the President as to:

1.        The distribution between the Union and the States of the net proceeds of taxes which are to be, or may be, divided between them and the allocation between the States of the respective shares of such proceeds;

2.        The principles which should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India;

3.        The measures needed to augment the Consolidated Fund of a State to supplement the resources of the Panchayats and Municipalities in the State on the basis of the recommendations made by the Finance Commission of the State;

4.        Any other matter referred to the Commission by the President in the interests of sound finance.

The First Finance Commission was constituted vide Presidential Order dated 22.11.1951 under the chairmanship of Shri K.C. Neogy on 6th April, 1952.  Fifteenth Finance Commissions have been Constituted by President of India and headed by N.K Singh.

National News

1. First Chief Justice of Andhra Pradesh HC

Justice Vikram Nath has been appointed as the first Chief Justice of recently constituted Andhra Pradesh High Court at Amaravati.

Capital:- Amaravati || Governor: E. S. L. Narasimhan || Chief minister: N. Chandrababu Naidu

2. Saraswati Samman 2018

Telugu poet K Siva Reddy has been selected for Saraswati Samman for the year 2018.

He will be awarded for his collection of poetry titled ‘Pakkaki Ottigilite’.

2017 Winner :- Sitanshu Yashaschandra (Gujarati)

The Saraswati Samman is an annual award for outstanding prose or poetry literary works in any 22 Indian language listed in Schedule VIII of the Constitution of India. It is named after an Indian goddess of learning and is considered to be among the highest literary awards in India.

3. National Safe Motherhood Day National Safe Motherhood Day. The National Safe Motherhood Day (NSMD) is celebrated every year on April 11 to create awareness on proper healthcare and maternity facilities to pregnant and lactating women.

Theme :- ‘Midwives for Mothers’.

This day is celebrated due to the initiative of the White Ribbon Alliance India (WRAI) to provide and inform women for healthcare habits

National Safe Motherhood Day which is the anniversary day of Kasturba Gandhi’s birth. She is wife of Mohan das Karam Chand Gandhi, the father of nation.

International News

Algeria’s New President

Algeria’s parliament has confirmed Abdelkader Bensalah as new interim president, following resignation by Abdelaziz Bouteflika.

Algeria Capital: Algiers || Currency: Algerian dinar.

India’s Population Growth Rate by United Nations Population Fund (UNPFA)

According to a report by United Nations Population Fund, India’s Population grew at an average annual rate of 1.2% between 2010 and 2019 to 1.36 billion.

It is more than double the annual growth rate of China.

India’s population:- In 2019: 1.36 billion || 942.2 million in 1994.

China’s population:- In 2019: 1.42 billion || 1.23 billion in 1994.

The United Nations Population Fund, formerly the United Nations Fund for Population Activities, is a UN organization. The UNFPA says it “is the lead UN agency for delivering a world where every pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled”.

New Prime Minister of Haiti

President of Haiti Jovenel Moise confirmed Jean-Michel Lapin as new Prime Minister of Haiti.

Haiti is a Caribbean country that shares the island of Hispaniola with the Dominican Republic to its east.

Haiti Capital: Port-au-Prince || Currency: Haitian gourde

Sports News

1. 18th FIBA Basket Ball World Cup

The 2019 FIBA Basketball World Cup will be the 18th tournament of the FIBA Basketball World Cup for men’s national basketball teams. The tournament will be hosted in China.

Yan Xu’s design, a Chinese Dragon-inspired named Son of Dreams, was announced to be the winning mascot.

The top eight teams, including Japan as the host of the 2020 Summer Olympics (and the top two teams from each of the Americas and Europe; and the top team from each of Africa, Asia and Oceania) in this competition will qualify for the men’s basketball event in the 2020 Olympic Games in Tokyo.

Both the Czech Republic and Montenegro will make their first appearances in the FIBA World Cup as debutants.

2. 2019 Africa Cup of Nations

Egypt was chosen by the CAF Executive Committee as the host nation of 2019 Africa Cup of Nations.

The CAF Africa Cup of Nations, officially CAN, also referred to as AFCON, or Total Africa Cup of Nations for sponsorship reasons, is the main international association football competition in Africa. It is sanctioned by the Confederation of African Football and was first held in 1957.

3. 2019 Singapore Open

The 2019 Singapore Open, is a badminton tournament which takes place at Singapore Indoor Stadium in Singapore from 9 to 14 April 2019 and has a total purse of $355,000.

The Singapore Open is a badminton event that has been held in Singapore annually since 1987, and which is now part of the BWF Super Series tournament that began 2007.

BWF categorised Singapore Open as one of the seven BWF World Tour Super 500 events as per new BWF events structure since 2018

Business News

1. New MD & CEO of Canara Bank

R A Sankara Narayanan has been appointed as the new MD and CEO of Canara Bank by Appointments Committee of the Cabinet (ACC).

Canara Bank is one of the largest public sector banks owned by the Government of India. It is headquartered in Bengaluru. It was established at Mangalore in 1906 by Ammembal Subba Rao Pai. It is one of the oldest public sector banks in the country. The government nationalized the bank in 1969.

Headquarters: Bengaluru || Founder: Ammembal Subba Rao Pai || Subsidiaries: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

2. All India Management Association (AIMA) Managing India Awards 2019

Lifetime Contribution Award :- Azim H Premji Chairman, Wipro Ltd

Entrepreneur of the year :- Sanjiv Bajaj Managing Director, Bajaj Finserv Ltd

Indian MNC of the Year :- Pawan Goenka, Mahindra & Mahindra Ltd, Managing Director

MNC in India of the Year :- T Krishnakumar, Coca-Cola India, President & CEO, India & Southwest Asia

Outstanding PSU of the Year :- Indian Oil Corporation Ltd (Sanjiv Singh, Chairman).

3. ‘Public Water Agency of the Year’ Award

National Mission for Clean Ganga (NMCG) was awarded with ‘Public Water Agency of the Year’ by Global Water Intelligence.

Global Water Intelligence is the leading publisher and event’s organiser serving the international water industry.

The National Mission for Clean Ganga (NMCG) is the implementation wing of National Ganga Council which was set up in October 2016 under the River Ganga (Rejuvenation, Protection and Management) Authorities order 2016.The aim is to clean the Ganga and its tributaries in a comprehensive manner.


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