Current Affairs for BANK, IBPS Exams

19 December 2015

:: NATIONAL ::

Inadequacies in juvenile law questioned by social activists

• The juvenile convict in the December 16, 2012 Nirbhaya gang rape case moved closer to freedom after the Delhi High Court refused to stop his release on his completing the three-year sentence.

• The court cited existing provisions of the law while holding that no direction could be issued to prolong his stay in the observation home beyond Sunday.

• The maximum stay that could be directed in the observation home under Section 15 (1) of the Juvenile Justice (Care and Protection of Children) Act was three years. The juvenile, now an adult, will be completing three years on December 20.

• However, the Bench, directed the Juvenile Justice (JJ) Board of Delhi to interact with the juvenile, his parents and guardians and the Delhi government’s Women and Child Development Department officials for his post-release rehabilitation and “social mainstreaming.”

• For this, the JJ Board, which had sentenced the juvenile to three years’ detention, will pass appropriate orders in accordance with the provisions of the Juvenile Justice Act and Rules.

• The victim’s mother Asha Devi said: “Despite all our efforts for three years, our government and our courts have released a criminal. The assurance we were given that we would get justice has not been delivered. The fight is not over. We are shattered.”

Use of polythene banned in U.P.

• Seeking to make Uttar Pradesh environemt-friendly, the Uttar Pradesh government on Friday decided to enforce the ban on the use of polythene across the State.

• Earlier this month the Allahabad High Court’s gave direction to prohibit its use.

No complete liquor ban in Bihar

• In its new liquor policy, the government has decided to ban desi [country] liquor in the first phase from April 1, and foreign liquor [IMFL] in the second phase from September-October.

• On November 26, in keeping with his poll promise, Chief Minister Nitish Kumar declared that there would be a total ban on the sale and consumption of liquor from the next fiscal.

• The administration expressed its inability to implement a total ban citing “lack of manpower.”

Army helicopter’ not up to mark says CAG

• Repeated failure of the government to modernise the Army’s helicopter fleet has resulted in the Army Aviation Corps facing a 32 per cent deficiency in its authorised fleet strength, while about 52 per cent of the existing fleet is more than 30 years old, the Comptroller and Auditor-General (CAG) has said.

• The corps currently operates 126 Cheetah, 55 Chetak and 65 indigenously built advanced light helicopter Dhruv for multi-purpose and utility roles.

• While the Cheetah and Chetaks are ageing platforms, in need of replacement, the low production rate of Dhruv’s, eight a year, by Hindustan Aeronautics Ltd. (HAL) is limiting their induction in large numbers. It is yet to induct the armed Dhruv variants two years after the unit has been raised.

:: INTERNATIONAL ::

Due to undemocratic practices European Parliament called for sanctions

• The European Parliament has called upon the European Union (EU) and its member states to launch “targeted sanctions” against “certain members” of the Maldives government and their “leading supporters” in the business community.

• The Parliament wants the EU to freeze the overseas assets of these persons, apart from imposing travel bans on them.

• This course of action has been recommended “in the face of continuing democratic backsliding and deterioration of the human rights situation in the Maldives,” according to the website of Parliament, which adopted a resolution at a sitting in Strasbourg with 563 votes in favour and 31 votes against. There were 32 abstentions.

• It also urged the European Commission to issue “comprehensive warnings” about the Maldives’ human rights record to tourists planning to visit the country and the European External Action Service (EEAS) to “monitor closely” the human rights and political situation in the South Asian country.

• It wanted the Maldivian government to safeguard the rights of pro-democracy campaigners, moderate Muslims and supporters of secularism, besides ensuring “adequate protection of journalists and human rights defenders who face threats and attacks on account of their legitimate work.”

United Nations wants to remove the differences in security council resolution

• UN diplomats are working to iron out differences over a draft Security Council resolution endorsing the Syrian peace process.

• Work on the text began last week among the permanent five council members — Britain, China, France, Russia and the United States — to give UN approval to the roadmap for a Syrian political transition agreed during international talks in Vienna.

• Foreign Ministers from 17 countries were meeting to find common ground on political transition to end the nearly five-year war.

:: BUSINESS and ECONOMY ::

Growth forecast for this year changed

• India lowered its GDP growth projection for the current year to between 7-7.5 per cent against the earlier forecast of 8.1-8.5 per cent.

• The outlook going forward is challenging and, without reforms, GDP growth next year is unlikely to be significantly greater than this year, according to the government.

• The cut in forecast follows GDP growth in the first half of the year (from April to September) slowing to 7.2 per cent from 7.5 per cent in the corresponding period last year.

• Economic growth was dragged down by the 17.4 per cent decline in exports in the first half and the adverse impact of deficient monsoons on farm sector output.

• Nominal growth during this period also slowed substantially from 13.5 per cent to 7.4 per cent. The sharp and continuing decline is a cause for concern, according to a mid-year review of the economy that Union Finance Minister Arun Jaitley tabled in the Parliament.

• The slowdown will pose a challenge to meeting the fiscal deficit target of 3.9 per cent of GDP and will also place a stress on tax revenue collections.

• India’s debt-to-GDP ratio too will cease to decline, a development with significant implications for India’s macroeconomic stability and vulnerability to external risks.

• The ratio had been declining over the past 10-12 years, benefiting from the nominal GDP growth exceeding the government’s cost of borrowing.

Stalemate continues at WTO meet

• The WTO Nairobi meet which was expected to produce by noon on Friday a Ministerial Declaration to liberalise global trade stretched into overtime with the developing and the developed world failing to bridge their differences over farm issues as well as on whether to continue with the ongoing 14-year-old Doha Round talks.

• To ensure the continuation of the Doha Round till all outstanding issues are solved, developing countries including India demanded that the Nairobi Ministerial Conference re-affirm the Doha Development Agenda, to improve the trade prospects of developing and poor countries.

• The developed world, led by the U.S., wanted free themselves from the strictures of the Doha framework and bring in new issues, what they call the emerging trade issues, to “revitalise” the WTO and the multilateral trading system.

• These new issues include global value chains, e-commerce, labour, environment, competition policies, investment pacts and state-owned enterprises, on all of which the rich nations have much superior standards or rules than the developing and poor countries.

• Developing and poor countries feel these standards or rules might become non-tariff barriers, hurting their exports.

• The developing world had opposed a draft Ministerial Declaration floated on Thursday as it did not have any commitment by Member countries on the re-affirmation of the Doha Development Agenda, while it did mention the possibility of the new issues being introduced.

• Lot is at stake for African countries as the Ministerial Conference is being held in the continent for the first time.

• An LDC package, likely to be agreed upon by all the members, would include duty-free, quota-free market access for LDCs, the LDC services waiver (to ensure preferences to LDCs in services trade) and preferential rules of origin.

:: SPORTS ::

• With top-seeded Singapore out of the way, India put up a confident display to outplay England 3-1 in the men’s final of the Avadh 20th Commonwealth table tennis championships.

• The Indian men’s team last won the title in 2004 in Kuala Lumpur, with Sharath Kamal, Soumyadeep Roy and SubhajitSaha forming the core of the team.

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