Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 11 - MARCH - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 11 - MARCH - 2016
Friday, 11 March 2016 04:22

 

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DAILY NEWS UPDATES

11-MARCH- 2016

 

GOLFER ADAM SCOTT WON 2016 WGC-CADILLAC CHAMPIONSHIP

Australian golfer Adam Scott won the 2016 WGC-Cadillac Championship at Doral, Florida, U.S.

Scott recovered from two double bogeys in his first five holes with six birdies the rest of the round to prevail by one stroke over United States’ Bubba Watson.

The victory was Scott's second consecutive win on the PGA Tour, having won The Honda Classic in February 2016.

About Adam Scott

Australian professional golfer, Adam Derek Scott plays mainly on the PGA Tour.

He was the World No. 1 ranked golfer from mid-May to August 2014.

He has won 29 professional tournaments around the world.

His biggest win to date was the 2013 Masters Tournament, his first major championship and the first Masters won by an Australian in its 77-year history.

About WGC-Cadillac Championship

The WGC-Cadillac Championship is a professional golf tournament, one of the four annual World Golf Championships.

It is sanctioned and organized by the International Federation of PGA Tours and the prize money is official money on both the PGA Tour and the European Tour.

The 2016 WGC-Cadillac Championship was played on the TPC Blue Monster course at Trump National Doral in Doral, Florida.

The 2016 WGC-Cadillac Championship was the 17th WGC-Cadillac Championship tournament and the first of the World Golf Championships events in 2016.

AMRITA PATEL AWARDED WITH MAHINDRA SAMRIDDHI KRISHI SHIROMANI SAMMAN

Amrita Patel, chairman of Charutar Arogya Mandal and former chairman of the National Dairy Development Board, was conferred with the prestigious Mahindra Samriddhi Krishi Shiromani Samman (Lifetime Achievement Award) in Delhi.

Radha Mohan Singh, Union Minister of Agriculture, presented the award to Patel for her contribution that made a difference in the field of agriculture to increase productivity and rural prosperity.

Instituted in 2011, the Mahindra Samriddhi India Agri Awards are bestowed upon the farmers and institutions to recognize their noteworthy and purposeful contribution to the field of agriculture.

Other winners of the Mahindra Samriddhi India Agri Awards (MSIAA) 2016 are:

Award

Winner

Mahindra Samriddhi  Krishi Samrat Samman - Farmer of the Year Award (Male)

Land holding less than 5 acres -Mahendra Patidar

Land holding from 5 to 20 acres -Krishnpal Singh Mourya

Land holding more than 20 acres - Neelam Dutta

Mahindra Samriddhi Krishi Prerna Samman - Farmer of the Year Award (Female)

Sugan Bai Patidar

Mahindra Samriddhi Krishi Yuva Samman- Farmer of the Year Award (Youth)

P Jawahar Raja

Mahindra Samriddhi Krishi Sansthan Samman - Recognition for Public Sector organization

Indian Institute of Soil Science Bhopal

Mahindra Samriddhi Krishi Shiksha Samman - Recognition for Agricultural Universities

Acharya NG Ranga Agricultural University, Hyderabad

Mahindra Samriddhi Krishi Sahyog Samman - Recognition for NGOs / SHGs

Rajasthan Rural Institute of Development Management, Udaipur

Mahindra Samriddhi Krishi Vigyan Kendra Samman -  Recognition for KVK of the year

Krishi Vigyan Kendra, Kadapa

About Amrita Patel

Amrita Patel played an important role in the implementation ofOperation Flood, the largest developmental programme in the world.

The programme helped to promote, finance and deliver a variety of supporting services to a national cooperative dairy structure that transformed the lives of millions of marginalised and small farmers and milk producers.

She was awarded Padma Bhushan in 2002.

SOUTH KOREA, US BEGAN LARGEST EVER MILITARY EXERCISES

The US and South Korean troops began their largest ever military exercises off the coast of the Korean peninsula. The bilateral exercises come just days after the UN passed new sanctions against Pyongyang, North Korea following its recent nuclear test and rocket launch.

The 8-week long drill will involve about 300000 South Korean troops and 15000 US personnel. These are being conducted near the demilitarized zone separating the two Koreas and off the eastern coast of South Korea.

Drills will include ground, air, naval and Special Operations components apart from the computer-simulated training.

Meanwhile, North Korea has warned South Korea and US of indiscriminate and pre-emptive nuclear strikes if the two allies go further with the drills. The threat from Pyongyang follows its leader Kim Jong-Un's order last week asking country's nuclear arsenal to be placed on standby for use at any moment against the South.

UNION GOVERNMENT RE-CLASSIFIED INDUSTRIES ON FOUR-COLOUR SCHEME BASED ON POLLUTION POTENTIAL

The Union Minister of State (Independent Charge) of Environment, Forest and Climate Change Prakash Javadekar released the list of re-classified industries based on pollution levels.

The new four-colour scheme was announced as per the resolution adopted at the two-day State Environment and Forest Ministers' Conference in April 2015.

The re-classification of industries is based on the Pollution Index (PI) scores and the new categories are as follows –

Industry Category

PI Score

No. of industries covered

Red

60 and Above

60

Orange

41 to 59

83

Green

21 to 40

63

White

Up to 20

36

Salient features of the four-colour scheme

• The purpose of the categorization is to ensure that the industry is established in a manner which is consistent with the environmental objectives.

• The new criteria will prompt industrial sectors willing to adopt cleaner technologies, ultimately resulting in generation of fewer pollutants.

• Due importance was given to relative pollution potential of the industrial sectors based on scientific criteria.

• Wherever possible, splitting of the industrial sectors was also considered based on the use of raw materials, manufacturing process adopted and in-turn pollutants expected to be generated.

• Another feature of the new categorization system lies in facilitating self-assessment by industries as the subjectivity of earlier assessment has been eliminated.

• The re-classification is a part of the efforts, policies and objective of the government to create a clean and transparent working environment in the country and promote the ease of doing business.

• While no Red category of industries shall normally be permitted in the ecologically fragile area or protected area, the White category was created to identify non-polluting industries.

Features of White category industries

• It is a newly-introduced industry category and contains 36 industrial sectors which are practically non-polluting.

• There shall be no necessity of obtaining the Consent to Operate for this category of industries and intimation to concerned SPCB / PCC shall suffice.

• Some of the industries included in the category are - biscuit trays, etc. from rolled PVC sheet (using automatic vacuum forming machines), Cotton and woolen hosiers making (dry process only without any dying/washing operation) and electric lamp (bulb) among others.

Why the re-classification?

The old system of categorization was creating problems for many industries and was not reflecting the pollution of the industries.

For example, 25 industrial sectors which were not critically polluting were also earlier categorized as Red. This was creating wrong impression to everyone.

Hence, the exercise of re-categorization of industries took place on scientific basis based on their pollution load.

WOMEN AT WORK: TRENDS 2016 REPORT RELEASED BY INTERNATIONAL LABOUR ORGANIZATION

International Labour Organization (ILO) released a report titledWomen at Work: Trends 2016. The Women at Work report provides the latest ILO data on women’s position in labour markets and examines the factors behind these trends and explores the policy drivers for transformative change.

The report which was released on International Women’s Day says that gender equality in the workplace remains elusive. It finds millions of women worldwide are not getting the same kind of quality, well-paying jobs as men.

New data of 178 countries present a gloomy picture of the current state of working women. The report shows the gender gap in employment, wages and social protection has changed little in 20 years.

Major Highlights of the report

• Globally, 812 million of the 865 million women who have the potential to contribute to their national economies through employment live in emerging and developing countries.

• Between 1995 and 2015, the global female labour force participation rate decreased from 52.4 to 49.6 percent. The corresponding figures for men are 79.9 and 76.1 percent, respectively. Worldwide, the chances for women to participate in the labour market remain almost 27 percentage points lower than those for men.

• In 2015, the gender gap in the employment rate amounted to 25.5 percentage points in women’s disfavour, only 0.6 percentage points less than in 1995.

• Only marginal improvements have been achieved since the Fourth World Conference on Women of Beijing in 1995, leaving large gaps to be covered in the implementation of the 2030 Agenda for Sustainable Development, adopted by the United Nations in 2015.

• Women are more likely to be unemployed than men, with global unemployment rates of 5.5 percent for men and 6.2 percent for women. With the exception of Eastern Asia, Eastern Europe and Northern America, male unemployment rates are lower than female unemployment rates in all other regions of the world.

• Globally, youth unemployment remains an issue of concern. Unemployment is affecting young women more than young men in almost all regions of the world.

• Globally, the share of contributing family workers has decreased significantly among women (by 17.0 percentage points over the last 20 years) and to a lesser extent among men (by 8.1 percentage points over the same period), resulting in a decrease in the gender gap from 19.5 percentage points in 1995 to 10.6 percentage points in 2015.

• 52.1 percent of women and 51.2 percent of men in the labour market are wage and salaried workers. This in itself constitutes no guarantee of higher job quality. In fact, globally, nearly 40 percent of women in wage employment do not contribute to social protection.

• Since 1995, women’s employment in services has increased from 41.1 percent to 61.5 percent.

• Across the world, women represent less than 40 percent of total employment, but make up 57 percent of those working on a part-time basis.

• Globally, the gender wage gap is estimated to be 23 per cent; in other words, women earn 77 per cent of what men earn. If current trends prevail, it will take more than 70 years before gender wage gaps are closed completely.

• Nearly 65 per cent of people above retirement age without any regular pension are women. This means that 200 million women in old age live without any regular income from social protection (old age or survivors pension), compared to 115 million men.

Main Recommendations of the report

• An integrated policy framework is needed to promote women’s access to more and better quality jobs.

• Affirmative action policies represent an important measure that can be applied by governments, trade unions, employers’ organizations and companies to help remedy the severe underrepresentation of women and their concerns in decision-making in business and societies.

• Education, outreach and training programmes must be designed to encourage and enable girls, boys and young women and men to venture more into non-stereotypical fields of study and work.

• More determined efforts to eliminate outright discrimination and to embed the principle of equal opportunity and treatment between women and men in laws and institutions constitute a key first step.

• Further progress can be made by promoting equal remuneration for work of equal value through wage transparency, training and gender-neutral job evaluations. These measures will help significantly in identifying discriminatory pay practices and unfair pay differences.

• In addition, countries need to support adequate and inclusive minimum wages and to strengthen collective bargaining as key tools in efforts to address low pay, improve women’s wages and hence reduce gender wage gaps.

• Unpaid care work must be recognized, reduced and redistributed and harmonization achieved between work and family life.

Report with respect to India

• If female employment rates were to match male rates, the GDP of India would increase by 27 per cent.

• In India, the minimum wages for domestic workers is lower than that of the cleaning workers, who are the lowest paid. Despite the low minimum wage set for domestic workers in India and other countries that were studied, the compliance rate is less than 50 per cent in the majority of the countries.

• In India, Estonia, Japan, Mexico, Portugal, Republic of Korea and Turkey, women devote more than three times as much time to unpaid care work as men do.

• India has 100 percent deficit in terms of percentage of total population not covered by national legislation related to long-term care (LTC) coverage in 2015. In the face of these LTC shortages, family members remain the main caregivers of their ageing relatives. Similarly, in India, children can be prosecuted if they fail to provide care for their parents.

• In countries with social insurance systems such as India, employers are still statutorily responsible for the full payment of providing maternity protection, when women do not qualify for contributory social security benefits.

Women at Work: Trends 2016

ILO’s Women at Work: Trends 2016 is a key contribution to these efforts and seeks to further the central goals of the 2030 Sustainable Development Agenda. The report provides a picture of where women stand today in the world of work and how they have progressed over the past 20 years.

CLIMATE CHANGE COULD KILL MORE THAN 500000 ADULTS IN 2050 WORLDWIDE: STUDY

Climate change could result in more than 500000 adult deaths in 2050 worldwide due to changes in diets and bodyweight from reduced crop productivity.

It was revealed in the research published in the Lancet journal on 2 March 2016. The research, which was done by the Oxford Martin Future of Food Programme, is the first of its kind to assess the impact of climate change on diet composition and bodyweight.

The study estimated the number of deaths due to the changes in two factors - diet composition and body weight - in 2050 in 155 countries and concluded that China will see more deaths than any other country.

In 2050, an estimated 251 deaths per one million population will occur in China due to the two factors, While in India, which ranked 7 overall, the deaths were pegged at 105 per million.

Highlights of the Study

• Unless action is taken to reduce global emissions, climate change could cut the projected improvement in food availability by about a third by 2050.

• It will lead to average per-person reductions in food availability of 3.2 percent (99 kcal per day), in fruit and vegetable intake of 4.0 percent (14.9g per day) and red meat consumption of 0.7 percent (0.5g per day).

• In 2050, these changes could be responsible for around 529000 extra deaths worldwide, far exceeding the health benefits of reductions in red meat consumption (29000 deaths prevented).

• By 2050, reduced fruit and vegetable intake could cause twice as many deaths as under-nutrition.

• Three-quarters of all climate-related deaths due to changes in food production are estimated to occur in China (248000) and India (136000 additional deaths).

• The countries that are likely to be worst affected are low- and middle-income countries, predominantly those in the Western Pacific region (264000 additional deaths) and Southeast Asia (164000).

• Cutting emissions could have substantial health benefits, reducing the number of climate-related deaths by 29–71 percent depending on the strength of the interventions.

• For example, in a medium emission scenario (increases in global average surface air temp of 1.3-1.4°C in 2046–65 compared to 1986–2005), the numbers of diet- and weight-related deaths could be reduced by about a third compared with the worst-case, high-emission scenario.

BANKS SEEK TRAVEL BAN ON VIJAY MALLYA

  • The Supreme Court agreed to urgently hear a plea by a consortium of banks, led by SBI, for a restraint order to prevent liquor baron Vijay Mallya, who owes them over Rs. 9,000 crore, from the leaving the country.
  • A Bench, led by Chief Justice of India T.S. Thakur, ordered that the case be listed for hearing on March 9 after Attorney-General Mukul Rohatgi sought an urgent audience. The action followed a Karnataka HC decision refusing to grant them an ex-parte interim order against Mr. Mallya, the U.K.-based Diageo Plc and United Spirits Limited.
  • The banks told the Supreme Court that the threat to their financial interests were so immediate and grave that the High Court should have passed the interim order without first hearing the embattled industrialist and others, including the debtor firm Kingfisher Airlines Limited.
  • The banks want the Supreme Court to pass an interim order to freeze Mr. Mallya’s passport or direct him not to leave the jurisdiction of this country without the court’s permission.
  • The banks had moved the DRT in the backdrop of Mr. Mallya’s recent resignation from the chairmanship of United Spirits. Diageo Plc, the current owner of the liquor company, has agreed to pay Mr. Mallya $75 million (roughly Rs 515 crore) in severance package.

SC SAYS GOVERNMENT SHOULD TAKE EVERY MEASURE TO PROVIDE VOTING RIGHT TO SOLDIERS

  • The Supreme Court stood up for the constitutional right of soldiers to vote, noting that they risked their lives to protect the borders, from the icy Siachen glacier to the remote and harsh terrains of Jammu and Kashmir and the North-East.
  • The Centre should pull all stops to ensure that the soldiers’ voices are heard loud and clear during election results, the court said.
  • SC directed the Centre to finalise a fool-proof mechanism to ensure that their postal ballots reached authorities in time so that these soldier do not feel left out in the country’s democratic process.

IRNSS-1F NAVIGATION SATELLITE WILL BE PUT INTO ORBIT ON MAR 10

  • The countdown for the launch of Polar Satellite Launch Vehicle PSLV-C32 began at the Sathish Dhawan Space Centre at Sriharikota in Nellore district.
  • The 54-hour countdown will conclude on March 10 at 4 p.m. when the PSLV will be launched to put the 1,425-kg IRNSS-1F navigation satellite into orbit.
  • SHAR director P. Kunhikrishnan and other space scientists are closely monitoring the progress of the countdown.
  • With this, the ISRO is moving closer to the task of completing the Indian Regional Navigation Satellite System with seven satellites.

CIVIL SOCIETY AND GOVERNMENT WILL COME TOGETHER ON CONFERENCE ON SOUTH-SOUTH COOPERATION

  • Almost all the major civil society organisations of India will participate in the March 10-11 “Conference on South- South Cooperation”, being organised by the Research and Information System for Developing Countries (RIS) of the MEA, to showcase the expanding space for civil society organisations in the scheme of the External Affairs Ministry.
  • This comes after the Ministry of External Affairs displayed the achievement of the civil society organisations in the field of sustainable development and renewable energy during the Cop21 Paris climate change conference and the India Africa Summit of 2015.
  • New South-South cooperation is needed in view of the shrinkage of resources in the developed North and the emergence of South as a new centre of economic activity.
  • The conference, to be attended by at least 100 experts from the field of international affairs and development economics, will be a platform for the Government's long term plan to use development assistance as a tool for India’s diplomacy.
  • The Ministry of External Affairs has been showcasing civil society initiatives at the international level and also used organisations like the Barefoot College of Tilonia to highlight India's commitment to the sustainable development goals (SDGs).
  • In addition to the civil society connection, the conference will also launch the Network of Southern Thinktanks (NeST) which will connect think tanks across Africa, Southeast Asia, Central and South Americas.

PLAN TO REDUCE REFUGEE CRISIS TENTATIVELY AGREED

  • EU and Turkish leaders sought to turn into a lasting accord a plan on easing Europe’s refugee crisis hailed as a game-changer by Ankara and Brussels but swiftly criticised by the UN’s refugee chief.
  • The day after agreeing the tentative plan following late night talks in Brussels, Turkish Prime Minister Ahmet Davutoglu was to discuss how it could work in a crucial meeting with his Greek counterpart Alexis Tsipras.
  • The EU is wooing Turkey — used by over one million migrants in the last year as a springboard for reaching the bloc — as the key player in helping ease Europe’s worst migrant crisis since World War II.
  • A key pillar of the mooted deal was the unexpected offer by Ankara to take back every irregular migrant that crosses from Turkey to the islands of EU member Greece.
  • In return, the EU would then resettle one Syrian living in Turkey on its territory for every Syrian migrant it takes back from Greece.
  • The hope is that the plan will eliminate incentives for migrants to come to Greece by boat, but it ran into swift opposition from the head of the UN refugee agency Filippo Grandi.
  • Turkey and Greece signed a protocol over the readmission of migrants in 2002 but it has rarely been activated and its use could transform the refugee crisis.
  • German Chancellor Angela Merkel — who has been the strongest proponent of a deal with Turkey — gave cautious support. “It is a breakthrough if it becomes reality,” she told reporters.
  • European Commission chief Jean-Claude Juncker also called the plan a “real game changer,” insisting that it was “legally feasible.”
  • Turkey is the main launching point migrants making the dangerous crossing over the Aegean Sea to the Greek islands. It hosts 2.7 million refugees from the five-year civil war in neighbouring Syria, more than any other country.
  • For Turkey, perhaps the biggest gain was the European Union’s agreement to bring forward to June visa-free travel to the bloc’s Schengen passport-free area for Turkey’s 75 million people, provided that Ankara honours its promises.

CHINA WARNS OF ACTION IN KOREAN REGION

  • An assertive China warned that it would not hesitate to intervene if its fundamental interests on the Korean Peninsula were harmed, and made it plain that its deep-rooted ties with the South China Sea could not be rivalled by any foreign power.
  • At an annual press conference, Chinese Foreign Minister Wang Yi set several markers to explain the broad thrust of Beijing’s evolving, and increasingly bold, foreign policy, where growing competition with the U.S. was the underlying theme.
  • In his detailed response to a query on spiralling tensions in the Koreas, Mr. Wang said China would not “sit by and see” the destabilisation of the peninsula.
  • Yet, in order to defuse tensions, Mr. Wang advocated a multi-pronged approach where denuclearisation of the peninsula would be combined with signing of a formal peace treaty.
  • That would replace the 1953 Armistice, which was meant to “insure a complete cessation of hostilities and of all acts of armed force in Korea until a final peaceful settlement is achieved”.
  • The Korean Peninsula is on edge following the start on Monday of the largest-ever U.S.-South Korea military exercise, which has been fused with North Korea’s threat of a pre-emptive nuclear strike.
  • In an obvious reference to the U.S., Mr. Wang asserted: “I want to remind some people that freedom of navigation doesn’t give them the licence to do whatever they want. If someone wants to muddy the waters in the South China Sea and to destabilise Asia, China will not agree to it and I think the overwhelming majority of countries in the region will not allow that to happen.”
  • The Chinese foreign minister stressed that China’s emotional and historical bonds with the South China Sea could not be rivalled by any other power.

BANKS LOOKING TO CHANGE STRATEGY TO KEEP TALENTED EMPLOYEES

  • State-run lenders like Bank of Baroda and IDBI Bank are planning to offer stock options to staff in a bid to retain top talent.
  • This assumes significance in the backdrop of the imminent entry of 21 new niche banks which have been granted licences by the RBI to begin operations, as well as the prospect of a clutch of mid-management professionals reaching retirement age soon.
  • The lender, which is planning to increase the employee strength to 21,500 by March 31, 2019 from the 15,500 at present, is not only working out a scheme for career progression but also mulling an employee stock option plan (ESOP) to incentivise them.
  • The board had already approved the ESOP. Now, the bank will write to the government for its approval.
  • State Bank of India (SBI), the country’s largest lender, had floated the idea of ESOP for its employees some time ago. However, the proposal is still awaiting government’s approval.
  • Most banks plan to offer stock options to their employees in the rank of assistant general manager and above.
  • Union Finance Minister Arun Jaitley had said recently that the government was actively discussing the proposal for Employee Stock Ownership Plan (ESOP) for public sector bank employees.
  • Public sector banks are facing headwinds on the human resources front as many mid-management officers are retiring over the next five years, prompting the central bank to term it a ‘retirement decade.’
  • In addition, the 21 new banks, which have received differentiated licences from the Reserve Bank of India (RBI), will try to poach employees from existing banks.
  • In August-September last year, RBI has granted licences to 11 payment banks and 10 small finance banks to start operations.
  • While these banks were given 18 months’ time to roll out services, most of these entities are expected to start operations in 2016.
  • At a lower level, public sector institutions pay better than their counterparts. But while progressively going up, there is a gap that really becomes unmanageable.

RBI SAYS BANKING INFRASTRUCTURE IS NOT GOOD ENOUGH

  • Growth of card acceptance infrastructure like automated teller machines (ATMs) and point-of-sale (PoS) terminals is not on a par with that of card issuance.
  • This was observed by the Reserve Bank of India (RBI) in its concept paper on card acceptance infrastructure released on Tuesday.
  • Another disconcerting feature is that the rate of growth in setting up card acceptance infrastructure has also slowed down during these three years.
  • Debit cards vastly outnumber the volume of credit cards issued in the country. Further, a high number of debit cards have been issued in recent times under the Prime Minister’s Jan Dhan Yogana, especially to customers in rural areas and smaller towns.
  • According to the concept paper, the lower growth of ATM and PoS terminals, both in terms of numbers and geographical spread, has impacted card use.
  • Cash continues to be the predominant mode of payment as it appears to be “costless” in comparison to the visible costs associated with card/electronic payments.
  • Some of the factors that have inhibited growth in the acceptance infrastructure are lack of adequate and low-cost telecom infrastructure and lack of incentive for merchants for acceptance of cards, among others.

 

 

Immediate awareness, either of the truth of some proposition, or of an object of apprehension such as a concept. Awareness of the passage of time, or of the ineffable nature of God, have equally been claimed as intuitions.It is the human faculty by which individuals are aware of facts not accessible to normal sensory or mental processes. Some apparent intuition may be attributed to unconscious sensory or mental perception or deduction. Other intuitive awareness suggests paranormal faculty.

Intuition, it's a gut feeling you get, or as slight as an idea that comes to mind and when you respond something magic and cosmic happens. But it is not the same as thought that we interpret and analyze which inevitably ends up as some sort of logic. Logically intuition cannot exist but it does.The notion is frequently regarded with suspicion, as simply labelling the place where the philosophical understanding of the source of our knowledge stops.
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Last Updated on Saturday, 12 March 2016 03:55