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Impact of flood on India's GDP

From UPSC perspective, the following things are important:

Prepare urban floods, causes, solutions etc.


From Assam in the north-east to Rajasthan and Gujarat in the west, floods are taking a heavy toll on lives and property this year.

As per latest reports, 82 and over 100 flood-related deaths have been recorded in the states of Assam and Gujarat, respectively.

Has flood-related damage increased in India over time?

Flood-related loss of both human and cattle lives and economic damages have come down over time.
However, there has been a significant change in the nature of flood-related losses in India.

What changes?

Central Water Commission (CWC) gives detailed estimates of economic loss and loss of human and cattle lives due to floods from 1953-2016
The 1970s was the worst decade in terms of loss human and cattle lives due to floods in India. These losses have come down since then.

Although absolute economic losses have been increasing, the relative economic damage has come down

Flood related losses?

Floods resulted in loss of 86% of the total GDP in the 1970s and 1980s.

In the present decade, this share has come down to 1% of the GDP.

Until the 1970s, damage to crops was the biggest component of economic loss due to floods. Over time, damage to public utilities has acquired the biggest share in flood-related losses.

A 2015 World Resources Institute study had shown that expanding cities and worsening climate challenges can significantly increase flood-related risks in India.
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How does fastag work ?

RFID tag called FASTag is mounted on the vehicle's windscreen. As the vehicle reaches the toll plaza, a unique identification number that is embedded on the tag is read by road side RFID reader. Applicable toll amount is deducted from a prepaid account that is linked to that particular FASTag.
Timeline for Environment
1971: Convention on Wetlands of International Importance ("Ramsar Convention")

1972: Stockholm Declaration

1973: Convention on International Trade in Endangered species of Wild flora and fauna (CITES)

1982: Nairobi Declaration

1985: Vienna convention for the protection of ozone layer

1987: Montreal Protocol on Substances that Deplete the Ozone Layer

1987: Our Common Future: Report of the World Commission on Environment and Development ("Brundtland Report")

1992: Agenda 21

1992: Framework Convention on Climate Change (UNFCCC)

1992: Convention on Biological Diversity

1997: Protocol to the UNFCCC ("Kyoto Protocol")

1998: Convention on the Prior Informed Consent Procedure for Certain Hazardous Chemicals and Pesticides in International Trade ("Rotterdam Convention")

2000: The Cartagena Protocol on Biosafety ("Cartagena Protocol")

2001: Convention on Persistent Organic Pollutants ("Stockholm Convention")

2010: The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits arising from their Utilization to the Convention on Biological Diversity (‘Nagoya Protocol’)

2012: United Nations Conference on Sustainable Development – RIO +20

2015: Paris Agreement (To replace Kyoto Protocol)
Most recent : Donald Trump US president walked out of Paris Accord on Environment.
Important Days in July with Themes
DateDay2017 theme if any
1 July National Doctors’ Day–
1 July Chartered Accountants’ Day–
1st Saturday International Co-operative Day ---Co-operatives ensure no one is left behind
2 JulyWorld Sports Journalist Day–
3 JulyInternational Plastic Bag Free Day–

6 JulyWorld Zoonoses Day–
7 JulyGlobal Forgiveness Day–
7 JulyWorld Chocolate Day–

11 JulyWorld Population DayFamily Planning ---- Empowering People, Developing Nations
12 JulyMalala Day –
15 JulyWorld Youth Skills Day -------- Skills for the Future of Work
17 JulyInternational Justice Day --------Preventing conflict and sustaining peace through decent work
18 JulyNelson Mandela International Day–

23 JulyNational Broadcasting Day–
24 JulyIncome Tax Day–
26 JulyKargil Vijay Diwas–
27 JulyMinistry of Earth Sciences foundation day–

28 JulyWorld Hepatitis Day----------Eliminate Hepatitis

28 JulyWorld Nature Conservation Day–
29 JulyGlobal Tiger DayFresh Ecology For Tigers’ Protection
30 JulyWorld Day against Trafficking in PersonsAct to protect and assist trafficked persons.
BRICS-ARP

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Make note of the details for your Prelims specially.

When?  During the 7th BRICS Summit held on 9th July 2015 at Ufa in Russia
Who proposed? Indian Prime Minister Shri Modi proposed to establish BRICS Agriculture Research Centre
Proposal: The Centre will promote sustainable agricultural development and poverty alleviation through strategic cooperation in agriculture to provide food security in the BRICS member countries.
BRICS-ARP:
To intensify cooperation among BRICS countries in agricultural research policy, science and technology, innovation and capacity building, including technologies for smallholder farming in the BRICS countries
Proposal for the establishment of the Agricultural Research Platform was signed by the foreign Ministers of BRICS countries in the 8th BRICS Summit held on 16th October, 2016 at Goa
BRICS-ARP will be the natural global platform for science-led agriculture-based sustainable development for addressing the issues of world hunger, under-nutrition, poverty and inequality, particularly between farmers’ and non-farmers’ income, and enhancing agricultural trade, bio-security and climate resilient agriculture.
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What is the difference between...?

Accept 🆚 Except

—Accept means to receive.
— Except means not including

A lot 🆚 Alot

—A lot means a large number, extent, or amount.
— Alot is not a word and doesn't exist

All ready 🆚 Already

—All ready means prepared.
—Already means by this time

Apart 🆚 A part

— Apart is to be separated.
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How do Pay Phones Work ?

Pay phones, or coin phones, are activated by the weight of the coin as it is inserted. The coin activates a pulse, and the pulse starts the dial tone of the phone. Each pay phone is programmed with calling rates and fees.
An electronic device monitoring the current rates for local and long-distance calling is installed in the payphone while it is being made. This device also contains information about calling cards and collect call data.
When the dialer attempts to make a call, the phone will calculate the amount of money needed for the call based on the length of time the dialer wants to talk. As the time ends, a voice will request additional money to be deposited to continue the call. If money is not deposited, the phone will automatically disconnect the call when the deposited money runs out.
Why pirates cover their one eye ?

Some assume pirates wore eye patches to cover a missing eye or an eye that was wounded in battle, but in fact, an eye patch was more likely to be used to condition the eye so the pirate could fight in the dark.
It takes an average human eye about 25 minutes to fully adapt from bright sunlight to seeing in complete darkness—if a pirate was fighting on deck in the light, then had to go under the deck to fight downstairs where it is usually pretty dark, that would be a long time to go without being able to see.  The eye patch could be used to prepare one eye to see in the dark, so when they would go below deck they could swap over the eye patch from one eye to the other and see with the eye that has already adjusted to low light conditions. This would allow them to instantly in the dark.
4th August 2017

Economic Times

Ø  After Essar, banks now set eye on Videocon’s Rs 43k cr debt default
Ø  Bad loan: RBI to take up more cases, says Jaitley
Ø  Infy to buy customer experience studio for £7.5 mn
Ø  Lok Sabha passes 2 bills extending CGST, IGST to J&K
Ø  No NOC to old vehicles if states don't comply: NGT
Ø  Oil majors gushing in cash despite cheap crude

 **Business Standard**

Ø  Amazon, Grofers get govt nod for Rs 3,700 cr FDI in food retail
Ø  NSE meets shareholders, looks to list by March 2018
Ø  IOC Q1 net down 45% to Rs 4,549 cr, GRM more than halves to $4.32
Ø  Govt raises Rs 327 cr from Hindustan Copper share sale
Ø  Chocolate mithais to attract 5% GST, govt clarifies
Ø  Cochin Shipyard IPO subscribed 76 times

Business Line

Ø   SEBI panel to study use of fintech solutions for securities market
Ø  Lok Sabha passes Bill to replace NPA Ordinance
Ø  Lupin gets USFDA nod for cholesterol-lowering drug
Ø  Businesses can start filing July returns on GSTN from Aug 5
Ø  Interest rates to gradually become reasonable: Jaitley 
Ø  'Banks may need 20% incremental provisioning for 50 large NPAs' 

Mint

Ø  Oil companies hike fuel pump dealers’ commissions
Ø  SBI to mobilise Rs2,000 crore via Basel-III bonds
Ø  Cognizant profit rises 86% to $470 million, revises annual revenue guidance
Ø  Jio interconnection: Delhi HC seeks DoT view on Trai suggestion to penalise Idea Cellular
Ø  RCom-Aircel merger needs Supreme Court nod: Telecom dept

Financial Express

Ø  FDI in textiles doubled to $619 million in 2016-17
Ø  Kalyani Group opens missile making unit with Israel's Rafael Advanced Defence System
Ø  Services sector contracts by most in 4 years on GST woes: PMI
Ø  Central bank flags poor transmission of past rate cuts through MCLRs
Ø  Indian Oil Corporation steps up crude oil import from US

 **Financial Chronicle**

Ø  Govt drafting central law to deal with chit fund schemes: FM
Ø  FM defends SBI decision to cut saving account interest rate
Ø  RBI to set up task force on public credit registry.
Forwarded from Kubendran Mohan
SSC CGL 2016 Final result will come tonight at 11 pm, I am sure all of you are excited

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Why do people celebrate Yom Kippur?
Yom Kippur—the Day of Atonement—is considered the most important holiday in the Jewish faith. Falling in the month of Tishrei (September or October in the Gregorian calendar), it marks the culmination of the 10 Days of Awe, a period of introspection and repentance that follows Rosh Hashanah, the Jewish New Year.

Yom Kippur War


On October 6, 1973, Syria and Egypt, with support from other Arab nations, launched a surprise attack on Israel, on Yom Kippur. This renewal of hostilities in the Arab–Israeli conflict released the underlying economic pressure on oil prices. At the time, Iran was the world's second-largest oil exporter and a close US ally. Weeks later, the Shah of Iran said in an interview: "Of course [the price of oil] is going to rise... Certainly! And how!... You've [Western nations] increased the price of the wheat you sell us by 300 percent, and the same for sugar and cement... You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you've paid us... It's only fair that, from now on, you should pay more for oil. Let's say ten times more."

On October 12, 1973, US president Richard Nixon authorized Operation Nickel Grass, a strategic airlift to deliver weapons and supplies to Israel, after the Soviet Union began sending arms to Syria and Egypt.
The Vedaranyam March (also called the Vedaranyam Satyagraha) was a framework of the nonviolent civil disobedience movement in British India. Modeled on the lines of Dandi March, which was led by Mahatma Gandhi on the western coast of India the month before, it was organised to protest the salt tax imposed by the British Raj in the colonial India.

C. Rajagopalachari, a close associate of Gandhi, led the march which had close to 150 volunteers, most of whom belonged to the Indian National Congress. It began at Trichinopoly (now Tiruchirappalli) on 13 April 1930 and proceeded for about 150 miles towards the east before culminating at Vedaranyam, a small coastal town in the then Tanjore District. By collecting salt directly from the sea the marchers broke the salt law. As a part of the march, Rajagopalachari created awareness among the people by highlighting the importance of khādī as well as social issues like caste discrimination. The campaign came to an end on 28 April 1930 when the participants were arrested by the police. Its leader Rajagopalachari was imprisoned for six months. The march along with the ones at Dandi and Dharasana drew worldwide attention to the Indian independence movement.
Forwarded from Kubendran Mohan
RECENT BOOKS AND AUTHORS,
Indira Gandhi: A Life in Nature authored by Jairam Ramesh launched
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Confessions of a dying mind: The blind faith of atheism,” by Kiren Rijiju
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Home of the Brave  by Nitin A Gokhale
 The People's President: Dr. APJ Abdul Kalam: S M Khan.
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Cookies are messages that web servers pass to your web browser when you visit Internet sites. Your browser stores each message in a small file, called cookie.txt . When you request another page from the server, your browser sends the cookie back to the server.
For BANKING

Economy, RBI, Banking Current Affairs 2017 - 👉JULY👈

Market regulator Securities and Exchange Board of India (SEBI) has set up a committee on ‘fair market conduct’. It will be headed former law secretary... 👈👈

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-.👈👈

Markets regulator Securities and Exchange Board of India (SEBI) has entered into a Memorandum of Understanding (MoU) with the European Securities and settlement activities.... 👈👈

Mukesh Ambani-led Reliance Industries Limited (RIL) for the first time in its trading history has crossed Rs 5 lakh crore in market capitalisation. The market cap of RIL stood at Rs 5,04,458.09 on BSE (Bombay Stock Exchange.... 👈👈

The Insolvency and Bankruptcy Board of India (IBBI) has notified regulations for inspection and investigation of service providers registered with it.... 👈👈

India and European Union (EU) have established Investment Facilitation Mechanism (IFM) for EU Investments in India. The mechanism will allow for a close coordination between EU and India with an aim to promote and facilitate EU investment in India.... 👈👈

India, the world’s third-largest oil importer, for the first time will import crude oil from the United States. The purchase comes after Prime Minister Narendra Modi’s visit to the US in June 2017 when President Donald Trump had assured that US looks forward to export more energy producUTS to India👈👈

According to RBI, India’s foreign exchange (Forex) reserves have increased by $4.007 billion to touch a record high of $386.539 billion in the week the week that ended 30th June 2017. The components of India’s Foreign Exchange Reserves include Foreign currency assets (FCAs), Special Drawing Rights (SDRs)👈👈


Latest Appointments in Banking Sector – Current Affairs GK 2017🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟


International Economic Association (IEA) president - Kaushik Basu
IDFC Bank MD and CEO - Sunil Kakar
Manappuram Home Finance MD - Jeevandas Narayan
Paytm Payments Bank CEO - Renu Satti
Deputy Governor of Reserve Bank of India – B P Kanungo (He has been appointed in place of R Gandhi)
LIC Managing Director - Hemant Bhargava
LIC Housing Finance new MD & CEO - Vinay Shah
Principal Economic Adviser - Sanjeev Sanyal (former MD of Deutsche Bank)
National Stock Exchange (NSE) new CEO and Managing Director - Vikram Limaye (former IDFC chief)
India Post Payments Bank (IPPB) interim Managing Director and CEO - AP Singh
Karnataka Bank Ltd new MD and CEO - Mahabaleshwara Mavinakudige Subrahmanya