Daily News Analysis for IAS / UPSC (26th May, 2016)

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National Capital Goods Policy 2016 approved

First ever policy for Capital Goods sector.
Increasing production of capital goods from 2.30 crore in 2014-15 to Rs. 7.50 crorein 2025.
Raising direct and indirect employment from the current 4 million to 30 million.
ex-post facto approval to establishment of theNational Institute of Technology, Andhra Pradesh.

Draft Model Rules under Juvenile Justice (Care and Protection of Children) Act, 2015 released

Provisions for children who commit offences in the age group of 16-18 years.
Mandatory registration of all Child Care Institutions with punishment in case of non-compliance.
e-Archive websiteand the e-Learning portal of WCD Ministry launched
Common Application Softwareand ICT enabled Real Time Monitoring System of ICDS launched

Govt renames disability department

Decision comes from the centre after PM Modi emphasized such changes in his so called radio address Mann Ki Baat last December
renaming the ‘Viklangjan’ Sashaktikaran Vibhag will be Divyangjan’ Sashaktikaran Vibhag mean Department of Empowerment of Persons with Disabilities that runs under Social Justice and Empowerment, facilitates empowerment of persons with disabilities.

President signs NEET ordinance

to keep states beyond the sphere of a Supreme court ordered single, all-India medical entrance- test in the academic year.
state governments will get an option to either conduct their own exam or go for NEETto fill UG seats.
for PG courses, the exam will be held under NEET for 2017-18 session, in December this year.

New norms for deemed universities

to reduce subjectivity” and “government interference” and focus more on quality for deemed Universities.
enables an institution to become a deemed university if it has undergraduate and 5 post-graduate programmes with research in existence for 3 years
should have a minimum 40 per cent open space of the total built up area.

World’s largest student-tracking programme, Shala ASMITA Yojana(SAY) to be launched

would probably be the world’s largest student tracking system for both private and government schools.
proposed Scheme aims to track the educational journey of close to 25 crore school students from Class I to Class XII across 15 lakh schools in India.

800 MW supercritical thermal unit in Karnataka

Bharat Heavy Electricals Ltd has commissioned the first 800 MW supercritical thermal unit in Raichur, Karnataka
unit has been commissioned at the 2×800 MW Yeramarus Thermal Power Station (TPS) located in Raichur district of Karnataka.
thermal unit has been developed by Raichur Power Corporation Ltd (RPCL) which is a joint work of Karnataka Power Corporation Limited (KPCL) and BHEL.

New website of Ministry of AYUSH and web portal for IDY

web portal has been developed by NICas part of digital India Campaign, using content management framework approach across all platforms such as Android, IOS and Windows.
as a provision for news to provide all the updated and relevant information relating toInternational Day of Yoga this year.
will be provided with important linkages of the Government of India such as Swachh Bharat, Make in India.

MOU between India & Japan for power development

To address issues and barriers in promoting sustainable, stable and low-carbon thermal power development.
ex-post facto approval to India-MaldivesMoU on tourism also signed
To exchange visits of Tour Operators/Media/Opinion Makers for promotion of two-way tourism.

MoU between Indian Space Research Organisation and the United Arab Emirates Space Agency

MoU is intended for cooperation in the exploration and user of outer space for peaceful purposes.
Joint agreement will help in setting up a Joint Working Group with members from ISRO and UAESA that will strengthen the work out the plan of action including the time-frame and the means of execution of this MoU.

World’s first 3D-printed office building opens in Dubai

In a bid to enhance Gulf’s main tourism and business development.
unique building area sprawls about2,700-square-footwhich is a single-story building
was built in just 17 days using a gigantic, 20-foot tall 3D printer and a special mix of concrete, fiber reinforced plastic and glass fiber reinforced gypsum.
building was completed for a mere$140,000in construction and labor costs
About half the money of a comparable structure made with conventional methods.

Norms of Performance in Credit Rating Scheme revised

to increase its credibility and effectiveness for both borrowers and banks.
Only rating agencies registered by SEBI and empanelled as External Credit Assessment Institution (ECAI)by RBI would be eligible to work out rating of MSEs.
revised guidelines makes the fee to be paid to the rating agencies shall be based on the turnover of the micro and small enterprises which has been categorized into three pillars

Turnover	Fee reimbursed by the MSME	Ceiling Amount
Up to Rs 50 lakh	75 percent of the fee charged by the rating agency	Rs 15,000
Between Rs 50 lakh and 2 crore,	75 percent of the fee charged by the rating agency	Rs 30,000
Above Rs 2 crore	75 percent of the fee charged by the rating agency	Rs 40,000

Pandemic Emergency Finance Facility launched

World Bank Group has launched the much anticipated Pandemic Emergency Finance Facility
To quickly mobilize funds to tackle global disease outbreaks and create a new insurance market for pandemic risk.
Facility is expected to bring the much needed coordination and speed for future global disease outbreak response efforts.
To make funds instantly available for controlling the spread of particular infectious diseases, thereby saving lives and money over the longer-term.

Ex-post facto approval to the Yes Bank’s proposal for increase in the FDI limit

ex-post facto approval to the proposal of Yes Bank for scale up in the foreign investment limit to 74% from the present foreign equity limit of 41.87%.
increase in the limit comes without any sub-limits, for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors.

Bank of India to now settle tea e-auctions

The move has come into effect after IndusInd Bank lost the status and Rs 8,000 crore business in the process.
biggest lender in the country SBI which handles eauction of tea for the KOLKATA auction centre, will also lose the status of a settlement bank.

Left Democratic Front won91 seats out of 140 seats
Cabinet of the Left Democratic Front Government comprises of 19 members including Chief Minister.

Pink Panther and James Bond actor Burt Kwouk dies

He was best known for his role as Cato in the Pink Panther
British actor starred in BBC sitcom Last of the Summer Wine from 2002 to 2010
He was awarded an Order of the British Empirein 2011.
He also starred in three Bond movies, Goldfinger, You Only Live Twice and the 1967 spoofCasino Royale.

AIADMK MLA ‘S.M. Seenivel’ passes away

Seenivel has suffered a stroke that day and remained hospitalized since then as his condition gradually worsened.
Had already served as an MLA of same constituency when AIADMK was in power between 2001-
He was Newly elected MLA from Tiruparankundram constituency

US engineer becomes first woman to win $1.1 million technology prize

Prize aims to be the technology equivalent of the Nobel Prize for Science.
biochemical engineer Frances Arnold is the first womanin its 12-year history to win a $1.1 million international technology prize
For her innovative work on directed evolution, a method of creating specific traits in enzymes.
Fourth U.S. Citizen to bag the prestigious Technology Prize.