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AUGUST 11, 2017

Note ban dents RBI income

  • Costs incurred due to the demonetisation exercise dented the Reserve Bank of India’s (RBI) income resulting in the central bank transferring less than half the funds — known as surplus — to the government compared with the previous year.
  • This is the lowest-ever surplus transfer by the RBI to the Centre
  • One reason is the cost of seigniorage, – which is higher the more the RBI printed notes.

HC: gender bias in JAG recruitment

  • Not recruiting married women in the Judge Advocate General (JAG) arm of the Indian Army amounts to “hostile and 100% discrimination” the Delhi High Court said today.
  • “Today, women are fighter pilots and you say they [married women] are not fit for the JAG. What is the logic behind ousting married women? That is hostile discrimination. It is 100% discrimination,” the Bench said.

Advisory Forecast for Rapid Rise in Water Levels of Rivers in Arunachal Pradesh, Assam, North Bengal, Sikkim, Meghalaya, Eastern UP and North Bihar

  • Rainfall Forecast issued by India Meteorological Department for the next 5 days indicate that Heavy to Very Heavy rainfall with extremely heavy fall are very likely to occur in Arunachal Pradesh, Assam & Meghalaya, Sub Himalayan West Bengal, Sikkim and Bhutan. Heavy to very heavy rainfall is likely in Eastern UP, Bihar and Nepal.
  • Due to this rainfall, the rivers like Brahmaputra and its tributaries in Arunachal Pradesh, Assam and Meghalaya, Northern tributaries of Ganga in Eastern UP, North Bihar are likely to Rise and create low to High flood with unprecedented flood in few locations.

Ending Poverty and Other Problems

  • In September 2015, 193 countries including India committed to the Sustainable Development Goals (SDGs) as detailed in the United Nations resolution, ‘Transforming our world: the 2030 Agenda for Sustainable Development’.
  • There are 17 SDGs, which have 169 targets to be achieved by 2030.
  • The SDG 1 is to “End poverty in all its forms everywhere”; SDG 2 is to “End hunger, achieve food security and improved nutrition and promote sustainable agriculture”; and SDG 5 is to “Achieve gender equality and empower all women and girls.”
  • The SDGs facilitate the development action for greater human wellbeing.
  • India presented a report on Voluntary National Review on the implementation of Sustainable Development Goals in the country to the 2017 High Level Political Forum (HLPF) of the United Nations on 19th July 2017.
  • The India Voluntary National Review report focused on SDG 1 (End poverty in all its forms everywhere); SDG 2 (End hunger, achieve food security and improved nutrition and promote sustainable agriculture); SDG 3 (Ensure healthy lives and promote well-being for all at all ages); SDG 5 (Achieve gender equality and empower all women and girls); SDG 9 (Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation), SDG 14 (Conserve and sustainably use the oceans, seas and marine resources for sustainable development) and SDG 17 (Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development).