Daily Current Affairs

Prelims Prominence - July 27th 2017

National Issues

Collection of Statistics(Amendment) Bill , 2017

The parliament has passed The Collection of Statistics (Amendment) Bill, 2017 after it was approved by the Rajya Sabha. The Lok Sabha has passed it earlier.

Salient Features :
Jurisdiction of the 2008 Act: The Bill extends jurisdiction of the parent act to the state Jammu and Kashmir for the collection of statistics pertaining to subjects under the Union (List-I) or the Concurrent list (List-II) of the Constitution. These subjects include citizenship, banking, education, labour and forests as applicable to J&K. Nodal officer: It adds provisions for the appointment of a nodal officer by the Union or state government. The function of nodal officer is to coordinate and supervise statistical activities under the government which has appointed him. Further, the Union government can also determine the powers and duties of the nodal officer. Use of information: The Bill removes provision from parent act dealing with information collected under it only is used for statistical purposes. It also allows the Union government to determine the manner in which such information collected will be used for statistical purposes.

Question For Mains :
Q. Evaluate the Data Collection Institutions of The Government.Suggest Some reforms to get error Free data.

Personalities

K.E. Mammen

The Great Freedom Fighter, passed away.He was a pacifist and adherent follower of Mahatma Gandhi.

He was born into the renowned Kandathil family on July 31, 1921, in Thiruvananthapuram. He was a staunch believer of Gandhian principles and led an austere life. From an early age, he had lent his support for the freedom struggle. He became active in the freedom movement as a college student. He was first jailed for taking an open stand against Sir C.P Ramaswamy Iyer, the then Dewan of the erstwhile Travancore state. Later he participated in the Quit India Struggle. In recent years, he was an active social worker, forefront in the anti-liquor campaign in Kerala.

Question for Mains :
Q.The unsung heroes of war of independence must be rewarded with soulful tributes.Mention some of the unsung heroes.

Economy

IMF Predicts growth at 7.2%

The International Monetary Fund (IMF) in its July World Economic Outlook (WEO) Update has retained India's projected GDP growth rate at 7.2% for 2017-18, slightly up from 7.1% in the previous year. However, update projects that India's growth would accelerate to 7.7% in 2018-19. India's economic growth slowed down to 7.1% in 2016-17, sharply lower than 8% in 2015-16 due to the effect of demonetisation. The global economic growth rate will be 3.5% in 2017 and 3.6% in 2018. The economic activity in both advanced and emerging and developing economies is accelerating. Moreover, inflation in advanced economies remains subdued and generally below target and also declining in several emerging economies. United States growth projections are lower than in April WEO update, primarily reflecting that its fiscal policy will be less expansionary going forward than previously anticipated. The growth also has been revised up for Japan and especially the Euro area, indicating solid momentum in activity in late 2016 and early 2017. Growth in the ASEAN-5 economies is projected to remain robust at around 5 % with increase in global trade and strengthening domestic demand.

Indian Economy will be fastest growing major economy in the world and in Asia. According to government estimate, Indian economy is expected to grow 7.5% in the current financial year as abundant monsoon as rains are expected to boost rural income and overall growth.

Question For Mains :
Q. Indian Economy has remained strong even in crisis.What in your opinion are the reasons for the same ?