Browse by month: 2017-06

Inland Waterways

2017-06-29

Inland Waterways Authority of India:

Inland Waterways Authority of India (IWAI) is the legal authority in-charge of the waterways in India and was created by the Govt. of India on 27 October 1986.

Its headquarters is located in Noida, Uttar Pradesh and regional offices are at Patna, Kolkata, Guwahati and Kochi and sub-offices at Allahabad, Varanasi, Bhagalpur, Farrakka and Kollam.

The function of IWAI is to build necessary infrastructure in the waterways, survey the economic possibilities of new projects, administrate, develop and regulate the waterways for navigation and shipping.

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Aadhaar and National Security

2017-06-29

Background:

One of the recommendations of the Kargil Review Committee, which was established to review the state of national security in the wake of the Kargil intrusions, was the issue of “Multi-purpose National Identity” cards to villagers living in conflict zones.

It was subsequently decided to extend this scheme to all citizens, and that became the inception point of Aadhaar.

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Petya/ NotPetya Ransomware

2017-06-29

What is a ransomware attack?

It is malicious software that blocks access to computers and data until a sum of money is paid. NotPetya is the second major global ransomware since WannaCry, which had infected about 3,00,000 computers across 200 countries in May.

Similar to WannaCry, one of the means by which Petya spread was by exploiting the MS12-010 vulnerability, also known as EternalBlue.

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Crisis in the Gulf and its implications for India

2017-06-29

Background:

Saudi Arabia said that it took the decision because of Qatar’s “embrace of various terrorist and sectarian groups aimed at destabilising the region”, including the Muslim Brotherhood, al-Qaeda, the Islamic State of Iraq and Syria (ISIS) and groups supported by Iran.

Qatar vehemently denied that it supports terrorism, arguing that it has assisted the United States in the War on Terror and in the ongoing military intervention against ISIS.

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GCC- Gulf Cooperation Council

2017-06-29

About

Gulf Cooperation Council is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf, except for Iraq.

Its member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Charter of the Gulf Cooperation Council was signed on 25 May 1981, formally establishing the institution.

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MSCI Index

2017-06-29

What is MSCI:

MSCI Inc. (formerly Morgan Stanley Capital International and MSCI Barra), is an American provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis It publishes the MSCI BRIC, MSCI World and MSCI EAFE Indexes. The company is currently headquartered at 7 World Trade Center in Manhattan, New York City, U.S.

Generally, inclusion of shares from a particular country to the MSCI’s indices helps the foreign institutional investors cash inflow to increase.

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Banking Regulation (Amendment) Ordinance, 2017

2017-06-27

Background:  

The 2014-15 data revealed that the NPA’s and restructured loans of public sector banks amount to almost 7 lakh crores.

In response to an RTI application, the RBI disclosed that while bad debts stood at Rs.15,551 crore for the financial year ending March 2012, they had shot up by over three times to Rs.52,542 crore by the end of March 2015.

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Editorial decode 26-7-17 Privileges of parliamentarians

2017-06-27

This class covers following topic:

Privileges of parliamentarians

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Editorial decode 27-6-17 P.N Bhagwati

2017-06-27

This class covers following topic:

P.N Bhagwati

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Smart Cities

2017-06-27

Background:

In June 2015, Prime Minister Shri Narendra Modi launched three mega urban schemes viz., Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for All in urban area setting in motion the process of urban transformation to enable better living and drive economic growth.

Urban areas are expected to house 40% of India’s population and contribute 75% of India’s GDP by 2030. This requires comprehensive development of physical, institutional, social and economic infrastructure. All are important in improving the quality of life and attracting people and investment, setting in motion a virtuous cycle of growth and development.

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