Goaltide Daily Current Affairs 2021

Nov 12, 2021

Current Affair 1:
Integrated farming system approach

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A “whole-farm” approach or integrated farming systems that supplement traditional crops with farming vegetables, fruits, poultry or fish is re-emerging as a nature-based solution to boosting productivity in climate-stressed regions.

We will learn about IFS.

At present, the farmers concentrate mainly on crop production which is subjected to a high degree of uncertainty in income and employment to the farmers. In this contest, it is imperative to evolve suitable strategy for augmenting the income of a farm.

Integration of various agricultural enterprises viz., cropping, animal husbandry, fishery, forestry etc. have great potentialities in the agricultural economy. These enterprises not only supplement the income of the farmers but also help in increasing the family labour employment.

  1. The integrated farming system approach introduces a change in the farming techniques for maximum production in the cropping pattern and takes care of optimal utilization of resources.
  2. The farm wastes are better recycled for productive purposes in the integrated system.
  3. A judicious mix of agricultural enterprises like dairy, poultry, piggery, fishery, sericulture etc. suited to the given agro-climatic conditions and socio-economic status of the farmers would bring prosperity in the farming.

IFS is a farming practice meant for all-round development of agriculture with animal husbandry and other occupations related to core agricultural practices

Current Affair 2:
Reserve Bank - Integrated Ombudsman Scheme, 2021

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The Scheme integrates the existing three Ombudsman schemes of RBI namely,

(i) the Banking Ombudsman Scheme, 2006;

(ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and

(iii) the Ombudsman Scheme for Digital Transactions, 2019.

The Integrated Ombudsman Scheme has been framed by the Reserve Bank in exercise of the powers conferred on it under the Banking Regulation Act, 1949, Reserve Bank of India Act, 1934 and The Payment and Settlement Systems Act, 2007.

The scheme will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by RBI, if not resolved to the satisfaction of the customers or not replied within a period of 30 days by the regulated entity (i.e., Banks/NBFCs).

 Some of the salient features of the Scheme are:

  1. It will no longer be necessary for a complainant to identify under which scheme he/she should file complaint with the Ombudsman.
  2. The Scheme defines ‘deficiency in service’ as the ground for filing a complaint, with a specified list of exclusions. Therefore, the complaints would no longer be rejected simply on account of “not covered under the grounds listed in the scheme”.
  3. The Scheme has done away with the jurisdiction of each ombudsman office.
  4. A Centralised Receipt and Processing Centre has been set up at RBI, Chandigarh for receipt and initial processing of physical and email complaints in any language.
  5. The Executive Director-in charge of Consumer Education and Protection Department of RBI would be the Appellate Authority under the Scheme.
  6. The scheme includes both Commercial and Urban Cooperative Banks.


Current Affair 3:
Asia-Pacific Economic Cooperation: Putrajaya Vision 2040

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The Asia-Pacific Economic Cooperation (APEC) on Saturday launched the Putrajaya Vision 2040 implementation plan for future cooperation in the Asia-Pacific at the 28th APEC Economic Leaders' Meeting.

About APEC:

The Asia-Pacific Economic Cooperation, or APEC, is the leading forum in the Asia-Pacific to facilitate trade and investment, economic growth, and regional cooperation.

The idea of APEC was firstly publicly broached by former Prime Minister of Australia Bob Hawke during a speech in Seoul, Korea, on 31 January 1989. Ten months later in 1989, 12 Asia-Pacific economies met in Canberra, Australia, to establish APEC. The founding members were Australia; Brunei Darussalam; Canada; Indonesia; Japan; Korea; Malaysia; New Zealand; the Philippines; Singapore; Thailand; and the United States.

The creation of APEC was primarily in response to the increasing interdependence of Asia-Pacific economies.

The formation of APEC was part of the proliferation of regional economic blocs in the late 20th century, such as the European Union (EU) and the (now-defunct) North American Free Trade Agreement (NAFTA).

Members: India is not part of APEC.


Current Affair 4:
Airport declared as Major Airport


Just lean important point behind this.

Civil Aviation Ministry declared Shirdi airport as a major airport on November 10, 2021 under the Airports Economic Regulatory Authority Act, 2008.

The 2008 Act established the Airport Economic Regulatory Authority (AERA).

The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakhs.  The central government may also designate any airport as a major airport by a notification. 

The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 adds that the central government may group airports and notify the group as a major airport.


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