Daily News Analysis for IAS / UPSC (4th March, 2016)


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National News

SIDBI to raise 10000 crore for standup India fund

  • Small Industries Development Bank of India (SIDBI) to rise 10000 crore for Stand Up India Fund from Reserve Bank of India
  • Fund will be given to Dalit and women entrepreneurs.
  • Each bank is mandated to lend to one micro enterprise promoted by women and SC and ST entrepreneur.


Government approves UDAY Bonds

  • Ujjwal Discom Assurance Yojana (UDAY) is to help DISCOMs financially and operationally healthy.
  • It will enable adequate power supply at affordable rates, enable electrification of villages and 24x7 power supply.
  • Finance Ministry has approved issuance of UDAY bonds by four states:
    • Uttar Pradesh
    • Rajasthan
    • Jarkhand
    • Chattisgarh
  • Two new states have joined UDAY
    • Manipur
    • Tripura
  • There are totally 16 states in UDAY
  • 6 states have signed the UDAY contract


Budget Cut for ICDS

  • Integrated Child Development Services (ICDS) scheme has declined from 45% in 2008-09 to 3.26% in 2015-16.
  • There has been a 7% reduction in funding.
  • India has 442 million children. That is 39% of the country’s population. It receives less than 26% of the budget.
  • ICDS was launched in 1975 in accordance with the National Policy for Children in India.
  • It aims at holistic development of children under six years old.
  • Six services are provided by the scheme:
    • Supplementary nutrition
    • Immunization
    • Referral services
    • Health checkup
    • Pre-school non-formal education
    • Health and nutrition education


Carriage by Air Amendment Bill approved

  • The bill has been passed by the Rajya Sabha. Changes have been approved.
  • It was passed by Lok Sabha in December 2015.
  • Provisions of the bill are –
    • Compensation for air travelers in case of death, injury, loss of baggage or delay of flights.
    • Indian airlines will have to pay compensation once bill is implemented.
  • The bill gives effect to the Montreal Convention which provides for application of international rules to domestic travel
  • India acceded to the Montreal Convention in May 2009.


Business and Economy

Two more AWACS from Israel

  • Additional surveillance aircraft will be purchased from Israel
  • The proposal to acquire two more Phalcon Airborne Early Warning and Control Systems (AWACS) has been approved.
  • The cost of the acquisition will be 7500 crores.
  • A tripartite agreement has been signed with Russia and Israel. 

Environment and Ecology

New frog species found in Biligiri

  • New frog species has been found in BR Hills Tiger Reserve
  • The frog is named Honnametti bush frog.
  • It is a cryptic bush frog. It resembles another species of Seshachar’s bush frog.
  • This is the first cryptic species found in the Western Ghats.



Randeep Hooda awarded in Australia

  • Randeep Hooda was honoured by Melbourne based south Asian community members with Australia achievement award.
  • Randeep Hooda launched nonprofit organizationNobody dies Hungry’
  • The organization was founded by Australian Indian Aloke Kumar.


Indira Gandhi Airport in World Number One position

  • Delhi’s IGI is world number one in 25-40 million passengers per annum category.
  • Ranking was announced by the Airports Council International.
  • It retained the rank from 2014.



Rozle Prezelj elected chairman of IAAF Athletes commission

  • The International Association of Athletics Federation Athletes’ commission appointed Rozle Prezelj as chairman.
  • He will replace Frank Fredericks in the post.
  • Britain Marathon world record-holder Paula Radcliffe was nominated Vice Chairwoman of the committee.


Art and Culture

Cave Art discovered in Kondane Caves in Raigarh, Maharastra

  • 40 rock paintings have been discovered
  • Paintings include a hunter standing with bow and arrow, a barasingha, footprints, palm impressions and some trees.
  • Paintings are found in both natural and man-made caves
  • The man made caves also have Buddhist architecture which belongs to Hinayana phase of Buddhism.
  • Other paintings reflect everyday life and occupations