Current Affair 1:

Management of Social Transformations (MOST) Programme

 

News: The virtual meeting of the Extraordinary Session of the Intergovernmental Council (IGC) of the Management of Social Transformations (MOST) Programme will take place on 17 and 18 February 2022.

About:

The Management of Social Transformations (MOST) Programme cooperates with national authorities, scientific communities and civil society to help UNESCO Member States strengthen the connection between research and policy and between knowledge and action. This is key to fostering positive social change towards inclusive and sustainable development.

The MOST Intergovernmental Council (IGC) is composed of 35 Member States of UNESCO, elected by UNESCO's General Conference.

The Council convenes every two years and establishes the priority areas to be researched, decides on overall policy and funding questions, and handles the relations with governmental authorities.

Current Affair 2:

What is the history of cheetah re-introduction in the history of India?

 

The cheetah translocation project aims to bring African cheetahs to India, where the Indian cheetah was declared extinct in 1952. India had tried to get Asiatic cheetahs from Iran but was refused. According to a recent statement by an Iranian government official, there are only 12 Asiatic cheetahs left in the world.

The project was first floated in 2009 during the then-United Progressive Alliance government. But it was only in January 2020 that the Supreme Court agreed to the translocation of cheetahs from Africa to India. The cheetahs will be sourced mainly from South Africa and Namibia.

Watch a small video here. From the link given.

Link: https://youtu.be/NVuA1MNPyTc

 

Current Affair 3:

Difference between a Central Bank Digital Currency (CBDC)  and Digital Asset

 

Current Affair 4:

Scheme for Economic Empowerment of Denotified Tribes (SEED)

Source Link

 

Union Minister for Social Justice and Empowerment, Dr. Virendra Kumar launches the Scheme for Economic Empowerment of DNTs (SEED) today for the welfare of De-notified, Nomadic and Semi Nomadic Communities.

History:

DNTs, NTs, SNTs are the one of the most deprived and economically weaker communities in India. There are historical reasons for this. The misery of these communities began with the enactment of the Criminal Tribes Act, 1871 during the British rule. These communities were subjugated, persecuted and neglected. The policies of the colonial government affected lives and livelihood adversely. This led to the forcible alienation from their traditional occupations and habitations. They remained hunter gatherers and pastoral/peripatetic.

Steps taken:

Various efforts were undertaken for bringing these communities in the main stream.

1. Accordingly, the first commission was set up in October 2003 during the first NDA Government to look into the problems of these communities.
2. The Renke Commission was set up in 2008. Government was pained to see the miserable condition in which the members of these communities are living and to give impetus for planned development of these communities,
3. the National Commission was constituted in 2015 under the chairmanship of Shri Bhiku Ramji Idate. This commission was tasked among others to identify and proper listing of these communities in different states, to evaluate the progress of development of these communities in the states so that a systematic approach can be developed for the development of these communities.

Based on the recommendation of this commission, the Government of India set up the Development and Welfare Board for DNTs, SNTs &NTs (DWBDNCs) in 2019.

The Government also decided to create an umbrella scheme for empowerment of these communities and accordingly, the Scheme for Economic Empowerment of DNTs, SNTs &NTs (SEED) has been formulated with four components that affect their livelihood.

The four components of the SEED scheme are:

• Educational empowerment- Free coaching to students from these communities for Civil Services, entry to professional courses like medicine, engineering, MBA, etc.
• Health Insurance through PMJAY of National Health Authority.
• Livelihoods to support income generation, and
• Housing (through PMAY/IAY)

The scheme will ensure expenditure of Rs.200 crore to be spent over five years beginning 2021-22. The DWBDNCs has been tasked with the implementation of this scheme.

Current Affair 5:

Terms of the Day

 

Trickle Down Effect

When the income of the big corporations and rich people increase then they invest/spend this income in the economy which ultimately reaches to the poor people at the bottom of the pyramid. When the poor people get income then they spend (their wages) to drive demand and economic growth.

Trickle-down economics is a theory that claims benefits for the wealthy trickle down to everyone else. These benefits are tax cuts on businesses, high-income earners, capital gains, and dividends.

Trickle-down theory is more specific. It says targeted tax cuts on rich people/corporations work better than general tax reduction across the board.

Commercial Paper (CP)

CP is an unsecured money market instrument issued in the form of a promissory note (promise to pay in future). The original tenor (time period) of a CP shall be between seven days to one year.

Who can issue CP to raise money?

NBFCs, All India Financial Institutions (like NABARD, SIDBI etc.), cooperative societies, Govt. entities (PSUs) and other companies can issue CP to raise money in the money market.

 

 

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