Mrunal's Daily Current Affairs:Mar-11-2021: Insurance FDI, AT1 Bonds, CM-leadership, Manhole thieves скачать в хорошем качестве

Mrunal's Daily Current Affairs:Mar-11-2021: Insurance FDI, AT1 Bonds, CM-leadership, Manhole thieves

Time Codes 00:00 - FDI: Insurance Sector 00:48 - RBI: PCA Framework 03:42 - National Safety Week 04:58 - Ethics: Leadership 08:19 - Delhi Budget Phd 15:22 - PM Cares Fund 15:55 - Explained: Vaccine Clinical Trial Mode 17:32 - LGBTQ: Freedom Zone 19:28 - DoT Licensing Updates 20:13 - Chief Statistician #UPSC​​​ #NewsAnalysis​​​ #CurrentAffairs​​ #BIMSTEC #FDI #dailynewsanalysis ⏩ Economy💳 → Insurance Act 1938 to be amendment to ⏫FDI from 49% to 74%: Features arguments in favour and against will see that in win21 Series lectures. → Prompt corrective action framework (PCA): RBI keeps categorizes weak banks in 3 risk-categories, based on their profitability, BASEL-III compliance, non performing assets- And takes streak actions on them like Restricting the branch expansion, loan activities etc. Previously IDBI was in this list but now removed. → ⚾️📻⚾️🎓✋ Indian youtuber's Income from USA: Google company to withhold 15% as tax to USA Government. → ⚾️📻⚾️🎓✋SEBI said that no mutual funds should own more than 10 percent of AT1 bonds issued by a single bank. At1 bonds were explained in the Win20 series. → National Safety Council (1965)- a body in the Ministry of Labour setup under by the Societies Registration Act. March 4 National safety Day. ⏩ Polity⚖️ → Patriotism consists not in waving the flag, but in striving that our country shall be righteous as well as strong- James Bryce -British Historian → Leadership: Since Indira Gandhi transformed the cabinet system of government to a presidential style of administration in the 1970s, many CMs have tried to replicate the model in the states to consolidate powers in their office. Chief minister -Narendra Modi Jayalalitha Nitish Kumar Mayawati Mamata Banerjee Pinarayi Vijayan - All of them keep the important portfolios (Home, revenue, Industries, Mineral etc) with themselves, And run the business with the help of bureaucrats (IAS). Other ministers are kept mostly given ceremonial rubber stamp portfolios - Tourism, Pilgrim development, Printing and stationery, Sheep and wool development etc. Cabinet merely becomes an extension of a leader's personality. Absence of Negotiation/ consensus building - "My way or highway" approach. Uttarakhand these elements combined with patronage, kinship and caste e.g. Ex-CM Rawat proposing to make Gairsain the capital of Uttarakhand → Instability → Ambitious legislators shift parties to make or break government, for not getting position of power. 9 CM in 20 years → Kerala CPM: two-term limit for MLAs. Then they will not be given the election ticket. 🤩Benefit? infusion of fresh talent into the legislative ranks, especially from among those who have spent long years in the organisation. Otherwise disaffection → ambitious leaders joining other political parties / Engaging in anti-party activity. 2) Same leader keeps getting tickets from the same place→ Personality cult driven politics rather than party ideology driven politics. → ⚾️📻⚾️🎓✋Controversies related to PM cares Fund ke it recieved XXX crores from Adani Ambani and tata. Basic theory covered in Win20Series. ⏩ Ethics GSM4☯️ → "Broken window theory in policing": If small crimes are not prevented it results into Bigger tragedies /Bigger crimes. 1) Govt installed solar energy based street lights but their Lead Storage batteries are stolen by rowdy elements. No light in the night → robberies, eve-teasing, rape, murder, Anti-Social elements. 2) India exports cast iron manhole (गटर के ढक्कन) covers to the USA but within India we use concrete /Cement Manhole covers because metallic manhole covers are stolen for selling as metal scrap. ⏩ Science🧪 → If a vaccine vial has "Clinical trial mode" Label = 1) Phase 3 clinical trial is not fully completed 2) If the patient suffers from serious adverse reaction he will be compensated by the company 3) Company has to send frequent information about the safety and efficacy government authorities. 2021-March: Vaccine Subject expert Committee (SEC) Proposal to CDSCO to remove this label from Bharat Biotech covaxin. → ⚾️📻⚾️🎓✋ Russia China agree to setup a Lunar research station on Moon. Let them announce its fancy name. ⏩ IR/Defense🔫 → ⚾️📻⚾️🎓✋Vaccine Maitri: Delhi High Court observes: "government should earn Goodwill within the country then earn it outside. Newspaper report showing that India is exporting vaccines to even a not so friendly countries it will deprive Indian population from faster inoculation." → Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) : virtual meeting of the foreign ministers of Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand on April ⏩ PIN-GK🏋️ → MV SWARNA Krishna, an oil tanker with an all-women crew-Started from Mumbai to reach vadinar port in Gujarat. → GP Samanta as the Chief Statistician of India for a period of two years