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Daily Newsletter | TPS 20 Daily Current Affairs | 20th January 2020

 

 
K-4 Ballistic Missile

Why in news?

India successfully test-fires nuclear-capable K-4 ballistic missile off Andhra Pradesh coast.

K-4 Ballistic Missile:

  • This submarine missile is designed by the Defense Research and Development Organization (DRDO). 
  • K4 is a 3,500 km range nuclear capable missile.
  • The K-4 missile can carry a warhead weighing up to 2 tonnes and is powered by solid rocket propellant.
  • This missile is capable of penetrating precise targets from ground to air.
  • Under a QRSAM system, this missile also move and monitor enemy aircraft or drones and target them immediately during a military operation.
  • According to DRDO, the missile can cruise at hypersonic speed and is manoeuvrable. To evade and defeat ballistic missile defence systems, the K4 can perform three-dimensional manoeuvres.
  • K-4 is one of the two underwater missiles currently being developed by India for its submarine force while the other one is BO-5 with a strike range of over 700-kilometre.

Note -The missile will be deployed on the Indian Navy’s indigenous INS Arihant-class nuclear-powered

 

submarines.

  • The K-series missiles are named after former president APJ Abdul Kalam.
  • DRDO has also begun its research on K-5 whose target is 5,000 km.
  • The K-15 missiles also known as Sagarika missiles.
UN World Economic Situation Prospects (UNWESP) report 2020

Why in news?

The Indian economy is expected to register a GDP growth of 5.7 per cent this fiscal, according to the newly launched UN World Economic Situation and Prospects (UNWESP) report 2020.

More about the 2020 report

  • The Report states that growth of 2.5 per cent in 2020 is possible, but a flare-up of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery.
  • Report expects GDP growth in India and few other large emerging countries to gain momentum this year.
  • According to the UN study, one in five countries will see per capita income stagnate or decline this year, but listed India among few countries where the per capita GDP growth rate could exceed 4 per cent level in 2020.

In the case of India

  • Report has pegged the India GDP growth estimate at 6.6 per cent, lower than 7.4 per cent estimated earlier.
  • It has also forecast a 6.3 per cent GDP growth for fiscal 2021-22.

World Economic Situation Prospects (WESP)

  • It is a joint product of the United NationsDepartment of Economic and Social Affairs (UN DESA), the United Nations Conferenceon Trade and Development (UNCTAD) and the five United Nations regional commissions;
  • Economic Commission for Africa (ECA)
  • Economic Commission for Europe (ECE)
  • Economic Commission for Latin America and the Caribbean (ECLAC)
  • Economic and Social Commission for Asia and the Pacific (ESCAP)
  • Economic andSocial Commission for Western Asia (ESCWA)
  • United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established by the United Nations General Assembly in 1964. It headquartered in Geneva, Switzerland.
  • Trade and Development Report and World Investment Report are the major reports published by it.
  • The United Nations Department of Economic and Social Affairs (UN DESA) is part of the United Nations Secretariat and is responsible for the follow-up to major United Nations Summits and Conferences, as well as services to the United Nations Economic and Social Council.
Jallikattu

Why in news?

Editorial in Hindu: Bull and gore: On Jallikattu

More about Jallikattu

  • Jallikattu is a traditional bull-taming event that is organised in the state of Tamilnadu.
  • It is typically practised as a part of Pongal celebrations on Mattu Pongal day, which occurs annually in
  • The sport requires fighters to pounce on a running bull, try to hold on to its hump and move along with the
 
  • animal without falling or getting hurt.
  • It requires quick reflexes and a fleet foot to tame the bull, which will try to get away, shake off the fighter and, at times, stamp or gore the fallen participants.
  • Jallikattu is a dated tradition and an ancient reference to bull taming is found in a seal discovered at Mohenjo-Daro, which is dated between 2,500 BC and 1,800 BC.
  • The sport was called Eru thazuval or embracing the bull.
  • The term Jallikattu comes from Tamil terms salli kaasuwhich means coins and kattu which means package tied to the horns of bulls as prize money.

Note:In 2014, the Supreme Court had banned the event after a plea filed by the Animal Welfare Board of India and the People for the Ethical Treatment of Animals (PETA).

However, the state government insisted that Jallikattu is a crucial part of its culture and identity. The ban was lifted in January 2017 after massive protests in Chennai.

Development Support Services to States for Infrastructure Projects(DSSS)

Why in news?

MoU signed between NITI Aayog and Union Territory of Ladakh for Development of Infrastructure Projects.

More about the news

  • The partnership lays thrust on the identification of high-impact priority projects, expedited project implementation, addressing structural-level issues and creating unique models of development for the Union Territory of Ladakh.
  • NITI Aayog has committed to assist the UT’s administration in creating a strategic plan for identifying prioritized infrastructure projects and by providing end-to-end transaction-management support for the identified projects.

Development Support Services to States for Infrastructure Projects (DSSS)

  • It is implemented by NITI Aayog with a vision to achieve transformational, sustained delivery of infrastructure projects with state of art capacity disseminated at all levels of governance.
  • The key objective behind it is creating PPP success stories and rebooting infrastructure project delivery models so a sustainable infrastructure creation cycle is established.
  • The initiative involves providing project level support from Concept plan till financial closure to State Governments / UTs.
Dedicated Freight Corridor Corporation of India (DFCCIL)

Why in news?

The 14th Foundation Day of Dedicated Freight Corridor Corporation of India (DFCCIL) was celebrated at a function in New Delhi on 18th January 2020. 

Genesis of Dfccil
  • Railways lost the share in freight traffic from 83% in 1950-51 to 35% in 2011-12.
  • The rapid growth of Indian economy has created demand for additional capacity of rail freight transportation, and this is likely to grow further in the future.
  • This demand led to the conception of the dedicated freight corridors along the Eastern and Western Routes.
 
  • Dedicated freight corridors were proposed in the Railway Budget 2005-2006.
  • It was included in the declaration of co-operation signed between the Hon'ble Prime Ministers of India and Japan for a feasibility study and possible funding of the dedicated rail freight corridors by Japanese Government.
  • This led to the establishment of "Dedicated Freight Corridor Corporation of India Limited (DFCC)" as a company under the Companies Act 1956 on 30th October

Objectives:

  • To build a corridor with appropriate technology that enables Indian railways to regain its market share of freight transport by creating additional capacity and efficiency.
  • To set up Multimodal logistic parks along the DFC to provide complete transport solution to customers.
  • To support the government's initiatives toward ecological sustainability by encouraging users to adopt railways as the most environment friendly mode for their transport requirements.
Financial Action Task Force (FATF)

Why in news?

Pakistan seeks US help to get out of FATF grey list.

Background

  • Pakistan was placed on FATF’s grey list for terror financing in June 2018, on a proposal moved by the US, UK, Germany and France.

About FATF

  • The Financial Action Task Force (FATF) is an inter-governmental body whose purpose is to combat money laundering and terrorist financing.
  • Its main function is to develop necessary policy to bring about national legislative and regulatory reforms in these areas.
  • It was established by the G-7 Summit that was held in Paris in 1989 to examine and develop measures to combat money laundering.
  • In October 2001, the FATF expanded its mandate to incorporate efforts to combat terrorist financing, in addition to money laundering.
  • The FATF Secretariat is housed at the OECD headquarters in Paris.
  • In collaboration with other international stakeholders, the FATF works to identify national level vulnerabilities with the aim of protecting the international financial system from misuse.

Members

  • As of 2019 FATF consists of thirty-nine member jurisdictions, including India and two regional organizations, the European Commission and the Gulf Co-operation Council.

Notes:

Forty plus Nine recommendations

  • The FATF’s primary policies issued are the Forty Recommendations on money laundering from 1990 and the Nine Special Recommendations (SR) on Terrorism Financing (TF).
  • These together are called 40+9 recommendations.

The Grey List

  • Grey list is a classification used by Financial Action Task Force for its effectiveness to deal with terrorist and its facilitators.
  • These countries will be subjected to direct monitoring and intense scrutiny by the International Cooperation Review Group (ICRG) on terror financing.
  • It will squeeze listed country’s economy and make it harder to meet its mounting foreign financing needs, including potential future borrowings from International Monetary Fund (IMF).

Current Affairs Capsules

Pariksha Pe Charcha 2020
  • Pariksha Pe Charcha is an interaction programme of Prime Minister, Shri Narendra Modi with students from India and abroad to beat exam stress.
  • Around 2000 students are participating from all over India in Pariksha Pe Charcha 2020.
  • 50 Divyang students will also take part in the interaction programme at Talkatora Stadium, New Delhi.

Previous years questions

  1. Naval Exercise, "Sea Guardians” has been conducted between which of the two countries?
  • India and Maldives
  • Pakistan and China
  • China and India
  • Sri Lank and Bangladesh
  1. “Seke” language recently seen in news is related to which one of the following country ?
  • Nepal
  • Bhutan
  • Sri Lanka
  • Thailand