DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 23rd January 2024
Archives (PRELIMS & MAINS Focus) North Eastern Council Syllabus Prelims – POLITY Context: The Union Home Minister and Minister of Cooperation Shri Amit Shah addressed the 71st Plenary Session of the North Eastern Council in Shillong recently. Background:- In his address, Shri Amit Shah said that the last 10 years under the leadership of Prime Minister Shri Narendra Modi have been the most significant for the development of the Northeast in the 75 years since independence. About North Eastern Council:- The North Eastern Council (NEC) is not a constitutional body. It is a statutory organization. It was established under the North Eastern Council Act, 1971, as amended in 2002. Initially, NEC was an Advisory Body for the North Eastern Region (NER). Now NEC is mandated to function as a Regional Planning Body for the North Eastern Region. The Union Cabinet, in June 2018, approved the proposal of the Ministry of Development of North Eastern Region (DoNER) for the nomination of the Union Home Minister as ex-officio Chairman of the North Eastern Council (NEC). The Cabinet also approved that the Minister of State (Independent Charge), Ministry of DoNER would serve as Vice Chairman of the Council. Zonal Councils The Council comprises Governors and Chief Ministers of constituent States and three members nominated by the President. While formulating the regional plans for the North Eastern Region, it is mandated to give priority to schemes and projects, benefitting two or more States, provided that in the case of Sikkim, the Council shall formulate specific projects and schemes for that State including the review of implementation of such project and schemes. To fulfil its mandate, the NEC has been implementing various projects in different sectors. Over the years, NEC has achieved the construction of 10500 km. of roads, supported the installation of 695 MW of power plants, constructed transmission and distribution lines, improved in infrastructure of 5 major airports and constructed of new airport in Tezu, Arunachal Pradesh. MUST READ: Inter-State Council SOURCE: PIB PREVIOUS YEAR QUESTIONS Q.1) Consider the following statements: (2022) The Constitution of India classifies the ministers into four ranks viz. Cabinet Minister, Minister of State with Independent Charge, Minister of State, and Deputy Minister. The total number of ministers in the Union Government, including the Prime Minister, shall not exceed 15 percent of the total number of members in the Lok Sabha. Which of the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Q.2) Which of the following bodies does not/do not find mention in the Constitution? (2013) National Development Council Planning Commission Zonal Councils Select the correct answer using the codes given below: 1 and 2 only 2 only 1 and 3 only 1, 2 and 3 Oil Prices and India Syllabus Prelims –ECONOMY Context: Recently, Oil Prices dropped by 0.93% Amid Geopolitical Tensions in West Asia. Background:- In intra-day trade, Brent crude was trading 0.93 per cent lower at 77 dollars and 56 cents per barrel, while U.S. West Texas Intermediate crude was also trading three per cent lower at 71 dollars and 91 cents per barrel when reports last came in. About Oil Prices and India:- India is the third-largest oil consumer and imports more than 80% of its total crude oil India imports roughly 70% of its crude from the OPEC members. On a decadal comparison, the imports have reduced drastically from 87% to 70% in 2021-22. However, OPEC still accounts for the majority of India’s oil imports. OPEC is a permanent, intergovernmental organization, which aims to manage the supply of oil in an effort to set the price of oil in the world market. Factors that affect Oil Prices:- Supply and Consumption. Government regulation. Geo-Politics Financial Markets. Impacts of Oil Prices drop on India:- Decreased Imported Inflation. (High oil prices) Higher Economic Growth. Lower Fiscal Deficit. Lower External Vulnerability MUST READ: Oil Market meltdown SOURCE: AIR PREVIOUS YEAR QUESTIONS Q.1) With reference to the Indian economy, consider the following statements. (2022) An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of the rupee. An increase in the Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER. Which of the above statements is correct? 1 and 2 only 2 and 3 only 1 and 3 only 1, 2 and 3 Q.2)With reference to Foreign Direct Investment in India, which one of the following is considered its major characteristic? (2020) It is the investment through capital instruments essentially in a listed company. It is a largely non-debt-creating capital flow. It is the investment which involves debt-servicing. It is the investment made by foreign institutional investors in Government securities Pradhan Mantri Rashtriya Bal Puraskar 2024 Syllabus Prelims –IMPORTANT AWARDS/ GOVERNMENT INITIATIVES Context: Recently, Pradhan Mantri Rashtriya Bal Puraskar 2024 were announced. Background:- The President of India, Smt. Droupadi Murmu will confer the Pradhan Mantri Rashtriya Bal Puraskar, 2024 to 19 exceptional children in an award ceremony which will take place at Vigyan Bhawan on 22nd January, 2024. About Pradhan Mantri Rashtriya Bal Puraskar 2024:- The awards were conferred by the President of India at a ceremonial function to be held at Vigyan Bhawan on 22nd January, 2024. The Pradhan Mantri Rashtriya Bal Puraskar, 2024 will be conferred upon 19 children selected from all regions of the country for their exceptional achievements in the fields of Art and Culture (7), Bravery (1), Innovation (1), Science & Technology (1), Social Service (4), and Sports (5). There are 9 boys and 10 girls among the awardees belonging to 18 States and UTs including 2 Aspirational Districts. On 23rd January 2024 Prime Minister of India, Shri Narendra Modi will interact with Pradhan Mantri Rashtriya Bal Puraskar awardees. The children will also participate in the Republic Day parade on 26th January 2024. The Government of India confers the Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) award to children for their exceptional achievement. Eligibility:-
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