03rd May 2017, Current Affairs – The Hindu

GS III: Indian Economy and issues relating to planning, mobilisation of resources, growth, development and employment.

Eclectic FPI mix drives Indian Equities

What is Foreign Portfolio Investment?

  • Foreign Portfolio Investment (FPI) is investment by non-residents (NOT Non Resident Indians) in Indian securities including shares, government bonds, corporate bonds, convertible securities, infrastructure securities etc.
  • Investment by a foreign portfolio investor cannot exceed 10 per cent of the paid up capital of the Indian company. All FPI taken together cannot acquire more than 24 per cent of the paid up capital of an Indian Company.
  • While above this the investment will be counted as Foreign Direct Investment (FDI)
  • As per SEBI regulations, FPIs are not allowed to invest in unlisted shares and investment in unlisted entities will be treated as FDI.
  • Foreign Portfolio Investors includes investment groups of Foreign Institutional Investors (FIIs), Qualified Foreign Investors (QFIs) (Qualified Foreign Investors) and subaccounts etc.
  • NRIs don’t comes under FPI.

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03rd May 2017, Editorial – The Hindu

GS II: Issues relating to poverty & hunger.GS III: Food processing and related industries in India – scope and significance, location, upstream and downstream requirements, supply chain management.

Powering Up Food

  • Food fortification is relied upon my many countries to prevent malnutrition.
  • The World Health Organisation estimates that deficiency of key micronutrients such as iron, vitamin A and iodine together affects a third of the world’s population.

What are micronutrients?

  • needed only in minuscule amounts.
  • produce enzymes, hormones and other substances essential for proper growth and development.
  • As tiny as the amounts are, however, the consequences of their absence are severe.
  • Iodine, vitamin A and iron are most important in global public health terms; their lack represents a major threat to the health and development of populations the world over, particularly children and pregnant women in low-income countries.

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02 May 2017, Current Affairs – The Hindu

GS III: Science & Technology – developments and their applications and effects in everyday life

3D-printed cartilage may help treat osteoarthritis

  • Researchers have successfully generated cartilage tissue based on patient’s own stem cells using a 3D bioprinter, an advance that could lead to new treatments for osteoarthritis.
  • The research team was able to influence the cells to multiply and differentiate to form chondrocytes (cartilage cells) in the printed structure.
  • Cartilage cells harvested from knee-surgery patients were manipulated in the laboratory and were rejuvenated to become pluripotent stem cells – cells that have the potential to develop into other different type of stem cells.
  • The stem cells were then expanded and encapsulated in a composition of nanofibrillated cellulose and printed into a structure using a 3D bioprinter.

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02 May 2017, Editorial – The Hindu

GS II: Important aspects of governance, transparency and accountability

Lokpal And the Law

The ruling that the existing legislation is workable is an indictment* of the government.

Background on Lokpal and Lokayukta’s Act, 2013:

  • The idea of creating an anti corruption ombudsman, in the form of a Lokpal, was first conceptualized in 1968 in the fourth Lok Sabha. Thereafter in 1971, 1977, 1985, 1989, 1996, 1998 and 2001 efforts were made to enact legislation to create the institution of Lokpal, but these efforts remained unsuccessful.
  • After the bill saw active citizen engagement, it was finally passed on 01st Jan 2013.

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28th April 2017, Editorial

GS II: Mechanisms, Laws, Institutions & Bodies constituted for protection and betterment  of vulnerable sections.

A new chapter for the disabled

The 2016 Act will give full effect to the UN Convention.

It is in accordance to the United Nations Convention on the Rights of Persons with Disabilities adopted in 2006 which India has signed and ratified in October, 2007.

The Bill will replace the existing PwD Act, 1995, which was enacted 21 years ago.

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27th April 2017, Editorial

GS II: Separation of Powers between various organs

GS IV: Probity in governance

Politics And The Police

The SC verdict reinstating a DGP limits the political executive’s discretion in transfers.

polce

Background:

Former Kerala State Police Chief , T.P. Senkumar was ousted out of his post after the Puttingal fireworks tragedy and Perumbavoor murder-rape case in 2016. State’s contention was that the Chief Minister as an elected leader could gauge the lack of public confidence in Mr. Senkumar. The Left led State govt filed an affidavit stating that:

“Section 97(2)(e) of the Kerala Police Act of 2011 contemplates that a DGP can be removed on the prima facie satisfaction of the State government that there is serious dissatisfaction in the general public about the efficiency of the police.”

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April 25th 2017, Current Affairs

Prelims Facts

Dadasaheb Phalke Award 2016 to Kasinadhuni Viswanath

About Dadasaheb Phalke Award

  • Named after the Father of Indian Cinema – Dhundiraj Govind Phalke.
  • Phalke made the first Indian Feature film Raja Harishchandra in 1913.
  • Award was introduced in 1969 and is given to a film personality for his/her outstanding contribution to the growth and development of Indian Cinema.
  • The award comprises of a Swarna Kamal (Golden Lotus), a cash Prize of Rs. 10,00,000/- (Rupees Ten Lakhs) and a shawl.
  • First recipient: Devika Rani Roerich

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