Daily Current Affairs

Prelims Prominence - November 2, 2017

Cabinet Decisions

Cabinet approves National Council for Teacher Education (Amendment) Bill, 2017

  • The Union Cabinet has approved introduction of National Council for Teacher Education (Amendment) Bill, 2017 in Parliament to amend National Council for Teacher Education (NCTE) Act, 1993.
  • The amendment seeks to grant retrospective recognition to Central/State/Universities who are found to be conducting teacher education courses without NCTE permission till academic year 2017-2018

Enlighten about it –

  • The amendment will make students studying in these Institutions/Universities or those who have already passed out from here eligible for employment as teacher. The retrospective recognition is.
  • Henceforth, all institutions running teacher education courses such as B.Ed and D.El.Ed have to obtain recognition from NCTE under section 14 of NCTE Act.
  • Further, courses of such recognised institutions/universities must be permitted under section 15 of NCTE Act.

Health & Family Welfare

President inaugurates Global Clubfoot Conference

  • President Ram Nath Kovind inaugurated Global Clubfoot Conference organised by CURE India in partnership with Union Ministry of Health and Family Welfare in New Delhi.
  • 500 doctors from20 countries and 29 Indian states are attending the conference.

Clubfoot

  • It is one of the most common orthopaedic birth defects where one or both feet are rotated inwards and downwards.
  • It describes range of foot abnormalities usually present at birth in which your baby’s foot is twisted out of shape or position.
  • In clubfoot, tissues connecting muscles to the bone (tendons) are shorter than usual.

Causes

  • They are unknown (idiopathic), but it may be combination of genetics and environment.
  • Ponseti method is initially used which involves moving foot into an improved position followed by casting, which is repeated at weekly intervals.

Economy

SEBI to bring Initial Coin Offerings using crypto currencies under its lens

  • The capital market regulator Securities and Exchange Board of India (SEBI) is planning to bring Initial Coin Offerings (ICO) under its existing legal framework.
  • Crypto currencies like bitcoin, ethereum and such offerings have been under government radar for long time.
  • Even discussions were held between various regulatory bodies, including SEBI and Reserve Bank of India (RBI) to regulate crypto currencies.
  • The RBI is of the view that these instruments are securities and so SEBI should be the regulating body. But these crypto-currencies are neither ‘commodities derivatives’ nor ‘securities’ under Securities Contracts (Regulation) Act, 1956.

Initial Coin Offering (ICO)

  • ICO is an unregulated means of crowd funding for project via use of cryptocurrency such as Bitcoin, Ethereum, Monero, DASH, Litecoin, Z-cash etc.
  • It is like an equity initial public offer (IPO). China’s Central Bank recently had banned ICO.

Crypto Currencies

  • Crypto Currencies or Virtual Currencies are type of unregulated digital money.
  • They are mainly peer-to-peer system, and transacted between users directly, without an intermediary.
  • These transactions are verified by network nodes and recorded in public distributed ledger called blockchain.
  • They are neither issued by central bank/public authority, nor is necessarily attached to fiat currency, but is used and accepted among the members of a specific virtual community.
  • They are being transferred, stored or traded electronically.

Ease of Doing Business' rankings

  • The Prime Minister, Shri Narendra Modi has hailed India’s historic jump of 30 ranks in the World Bank’s Doing Business Report, 2018 released today.
  • India’s rank has risen to 100 in the latest report compared to 130 in the Doing Business Report, 2017.

Ease of Doing Business Index

  • The Ease of Doing Business Index assesses 190 economies and covers 10 indicators which span the lifecycle of a business.
  • These 10 indicators are: Starting a business, Dealing with construction permits, Getting electricity, Registering property, Getting credit, Protecting minority investors, Paying taxes, Trading across borders, Enforcing contracts and Resolving insolvency.
  • Each one of these indicators carry equal weightage.

India’s Performance

  • It saw the improvement in 6 out of 10 indicators.
  • They are Resolving Insolvency, Paying Taxes, Getting Credit, Enforcing Contracts, Protecting Minority Investors and Construction Permits.
  • India ranked 103rd in Resolving Insolvency indicator, 119th in Paying Taxes, 29th in Getting Credit, 164th in Enforcing Contracts, 4th in Protecting Minority Investors and 181st in Construction Permits.

Highlights of Report

  • India figures among top 10 countries Brunei Darussalam, Thailand, Malawi, Kosovo, Uzbekistan, Zambia, Nigeria, Djibouti and El Salvador that have marked an improvement this year.
  • These 10 top improvers implemented 53 regulatory reforms making it easier for them to do business.
  • Europe and Central Asia regions continue to have highest share of economies implementing at least one reform as 76% of economies in the region implemented at least one business regulatory reform.

Health Sector

Threefold rise in domestic budget for fight against tuberculosis

  • According to a report from the World Health Organisation (WHO), India’s domestic budget for fighting tuberculosis showed a dramatic jump from about ₹700 crore in 2015 to 2,500 crore last year.
  • Domestic resources accounted for 74% of the $525 million that was spent in India last year.
  • Typically most of India’s budget to combat the bacterial infection used to be dominated by international funding. But, for the first time this has flipped.

National

Holistic Learning is the need of hour in our Present Education System

  • In a unique initiative to give a boost to the learning of science, technology and mathematics among the youth-especially the school students, Vidyarthi Vigyan Manthan (VVM) – a nationwide science talent search examination will be held on 26th November.
  • This programme has been organized by eminent scientists and academicians associated with Vigyan Prasar (VP) – an autonomous organisation under Department of Science and Technology and National Council of Education Research and Training (NCERT) of Ministry of Human Resources and Development .
  • The app will be used for Vidyarthi Vigyan Manthan (VVM) – a nationwide science talent search examination to be held on November 26.
  • It would be the first test in the world to be conducted on an app with such larger volume.

Vijnana Bharati (VIBHA)

  • It is one of the largest science movement in the country led by eminent scientists
  • It is to inculcate and generate scientific temper, foster excellence in students and nurture and mentor them for their careers in pure sciences.
  • Through VVM programme, India’s generation next will be made aware about the India’s Rich Contribution to Science from ancient period to modern times.

International Summits

7th Asia Ministerial Energy Roundtable(AMER) in Bangkok, Thailand

  • India is the current chair of International Energy Forum (IEF) which is promoting the AMER – a biennial event bringing together Energy Ministers and experts from Asian countries.

Cyber Security

BadRabbit ransomware

  • On October 24th notifications of mass attacks with ransomware called Bad Rabbit was observed.
  • The BadRabbit attack mainly affected Russia but also caused flight delays at Odessa airport in southern Ukraine and disrupted electronic payments in the Kiev metro.