10th Oct Current Affairs News Analysis | Prelims & Mains 2020

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IASbhai Current Affairs News Analysis | Prelims & Mains 2020 is an initiative to dilute major articles from leading Newspapers in India which are most relevant to UPSC preparation –‘THE HINDU, LIVEMINT , INDIAN EXPRESS’ and help millions of readers who find difficulty in answer writing and making notes everyday. Hence we choose articles on daily basis and analyse them with respect to UPSC PRELIMS 2020.

Challenges are what make life interesting and overcoming them is what makes life meaningful.– Joshua Marine

HIGHLIGHT INFO:

ORANGE COLOUR: Important for Prelims.

RED COLOUR: Important for Mains.

BLACK COLOUR: Must Read !

BLUE COLOUR : Important Links/Survey.

PINK COLOUR: Reports/Themes/Summits.

10th Oct Current Affairs News Analysis | Prelims & Mains 2020

Today's Must Read Articles : Today's Must Read Articles :

RBI forecasts end to contraction by Q4

      HEADLINES:

RBI forecasts end to contraction by Q4

      WHY IN NEWS:

Governor Shaktikanta Das predicts 9.5% decline in real GDP, keeps key policy rates unchanged

SYLLABUS COVERED: GS 3: Economy : RBI Monetary Policies

      ISSUE: 

RBI Governor Shaktikanta Das said growth may “break out of contraction” mode by the January-March 2021 quarter as “silver linings” are visible from September’s economic indicators

GROWTH REVIVAL

  • Newly appointed Monetary Policy Committee members — Ashima Goyal, Jayanth R. Varma and Shashanka Bhide — unanimously voted in sync with the three RBI members to leave the policy repo rate unchanged at 4%.
  • The Reserve Bank of India on Friday reiterated its resolve to revive growth impulses in the economy .
  • and mitigate the COVID-19 pandemic’s worst impacts by extending its accommodative policy stance for the rest of this year as well as 2021-22.
  • Even as it held key policy rates unchanged in the face of high inflation.

However, real GDP (gross domestic product) for the full year is expected to decline by 9.5%.

HIGHER PRICES

  • While headline inflation has persisted above the tolerance band.
  • Mr. Das said – expects consumer prices to remain elevated in September, but ease gradually towards the 6% target over Q3 and Q4.

This is the first time that the RBI has shared its growth and inflation projections this year.

WHAT IS HEADLINE INFLATION?

  • Headline inflation is the raw inflation figure reported through the Consumer Price Index (CPI) that is released monthly by the Bureau of Labor Statistics.
  • The CPI calculates the cost to purchase a fixed basket of goods, as a way of determining how much inflation is occurring in the broad economy.

10th Oct Current Affairs News Analysis

DOVISH STANCE

  • The committee also decided to hold a dovish stance for “as long as necessary — at least during the current financial year and into the next year”.

‘Home loans to get cheaper‘Rationalisation of risk weights to free up funds for lenders’.

  • The decision of the RBI to rationalise risk weightage on housing loans would play a significant role in boosting demand for the housing sector.
  • Such loans shall attract a risk weight of 35% where the loan-to-value (LTV) ratio is less than or equal to 80%.
  • It also means a risk weight of 50% where LTV is more than 80% but less than or equal to 90%.

      IASbhai WINDUP: 

RBI should also announce steps that are crucial for the sector’s survival and then introduce measures that will aid the sector’s revival.

  • However, strict due diligence norms and eligibility criteria will not benefit the realty sector.
  • The extension of the co-lending model will help expand leverage capacities of HFCs and unlock value for us.
  • The announcement on risk weights shall give much-needed impetus for the housing sector.
     SOURCES:THE HINDU & PIB | 10th Oct Current Affairs News Analysis

Hybrid Coronary Revascularization

      HEADLINES:

Advanced technique helps heart patients make quick recovery

      WHY IN NEWS:

This is sliced from THE HINDU newspaper.

SYLLABUS COVERED: GS 3:Health

      ISSUE: 

 HYBRID CORONARY REVASCULARIZATION

  • While some people with blocked arteries need open surgery, hybrid coronary revascularization offers a minimally invasive possibility.
  • This advanced technique combines two standard treatments for coronary artery disease (CAD): coronary angioplasty with stents.

A hybrid approach may help if patient has several blockages that doctors cannot open just by performing angioplasty.

  • Instead of interventional cardiologist stents some blockages, the surgeon connects a bypass graft to patients heart’s critical left anterior descending artery.

SIGNIFICANCE

  • FLEXIBILITY : Angioplasty is performed days or weeks , during the surgery itself, or soon afterward.
  • DURABILITY : The hybrid approach offers the full benefits of surgery.

Surgeon can still make a graft using chest wall’s left internal mammary artery (LIMA), the most durable and long-lasting option.

      IASbhai WINDUP: 

Benefits of a minimally invasive approach include:

  • Fewer complications
  • Less scarring
  • Shorter hospital stay
  • Less pain afterward, with faster recovery
     SOURCES:THE HINDU & PIB | 10th Oct Current Affairs News Analysis

National butterfly tag

      HEADLINES:

Citizen poll throws up three contenders for national butterfly tag

      WHY IN NEWS:

One will join the ranks of Bengal Tiger, Indian Peacock, Indian Lotus, banyan tree and mango as a national symbol

MINISTRY? :- Ministry of Environment, Forests and Climate Change
SYLLABUS COVERED: GS 2 : 3 : Conservation of Flora and Fauna : National Symbols

      ISSUE: 

Indian Jezebel, Krishna Peacock and Orange Oakleaf, the three species that have emerged on top in a nationwide citizen poll to identify the national butterfly.

NATIONAL BUTTERFLY TAG

  • The nationwide poll organised by the National Butterfly Campaign Consortium, a collective of 50 butterfly experts and enthusiasts, from September 10 to the midnight of October 8 yielded 59,754 votes.

The Indian Jezebel (or Common Jezebel) is known to deter its predators with its flashy wing colours.

  • Widely distributed, the species can be spotted in gardens and other lightly wooded areas.
  • Krishna Peacock, a flagship species for biodiversity and conservation.
  • It is generally found in large numbers in the Himalayas.
  • Orange Oakleaf is commonly known as ‘dead leaf’ for its ability to camouflage as a dry autumn leaf while striking a stationary pose with its wings closed.
  • The masquerade enables the species to prevent it from being devoured by birds in the moist forests of northern Western Ghats, central, northern and northeastern parts of India where they are generally found.

      IASbhai WINDUP: 

We will cover this issue in depth again .

SUGGESTED READING : NATIONAL SYMBOLS – WIKI 
     SOURCES:THE HINDU & PIB | 10th Oct Current Affairs News Analysis

Indian Biodiversity

      HEADLINES:

Frog to fungus, 544 species add to India’s diversity

      WHY IN NEWS:

364 animal, 180 plant species discovered in 2019

MINISTRY? :- Ministry of Environment, Forest and Climate Change
SYLLABUS COVERED: GS 3: Flora and Fauna : ZSI

      ISSUE: 

Zoological Survey of India (ZSI) and the Botanical Survey of India (BSI) on Friday released Animal Discoveries 2019 and Plant Discoveries 2019.

10 th OCT Current Affairs
Nature’s surprises: Sphaerotheca magadha, a burrowing frog
  • Cnemaspis anandani, a rock dwelling gecko endemic to the Western Ghats;
  • Sphaerotheca magadha, a burrowing frog discovered in the farm fields of Jharkhand;
  • Enoplotrupes tawangensis, a dung beetle from Tawang;
  • Amomum nagamiense, a wild ginger variety discovered from the forest behind the Kohima zoo in Nagaland;
  • Pteris subiriana, a wild fern found in Kerala, Tamil Nadu and Maharashtra.
  • These are among the 544 reasons India has to cheer !

MORE INSECTS

  • Animal Discoveries 2019 lists 368 faunal species as new to science, and 116 species as first records from India.

The publication provides details about 360 new species, four sub-species and four fossil species, and 116 species recorded for the first time from India.

  • Among the discoveries, 294 species are invertebrates and 74 vertebrates.
  • Insects outnumbered other groups in general and in vertebrates, fish diversity is high with 38 new species and five new records.

Indian faunal diversity stood at 1,02,161 species, which was equivalent to 6.52% of all the species across the globe.

NEW SPECIES

  • The ZSI had introduced modern methods such as DNA barcoding, entire genome sequencing, and X-rays for the identification of new species.
  • Plant Discoveries 2019 lists 180 new plant species and 73 new records discovered from the country.

New records in a country refer to animal or plant species discovered in other parts of the world and recorded for the first time in the country.

  • “This volume of plant discoveries contains 134 seed plants; five fern and fern allies; six bryophytes; 18 lichen; 51 fungi; 23 algae; and 16 microbes,” .

      IASbhai WINDUP: 

EDIBLE VARIETIES

  • There were plants with horticultural value and those which could serve as alternative foods such as aroids, syzygium (wild jamun), impatiens, mushrooms and zingibers.
  • The number of plant species found in India according to the BSI is 50,012, and accounts roughly for 12% of all flora species in the world.
     SOURCES:THE HINDU & PIB | 10th Oct Current Affairs News Analysis

SC questions NCPCR

      HEADLINES:

SC questions NCPCR on repatriation of children

      WHY IN NEWS:

Directive is against law: amicus curiae

SYLLABUS COVERED: GS 2 : Supreme Court

      ISSUE: 

The eight States mentioned by NCPCR have 1.84 lakh children in care homes.

SC ON CHILD RIGHTS BODY

The Supreme Court on Friday sought a response from the country’s apex child rights body, the National Commission for Protection of Child Rights (NCPCR).

SC asked NCPCR to its request to eight States to “produce” children living in care homes before the local child welfare committees for their “immediate repatriation” with their families.

  • The NCPCR reportedly wrote to Tamil Nadu, Andhra Pradesh, Telangana, Mizoram, Karnataka, Kerala, Maharashtra and Meghalaya in this regard.
  • These States together have 1.84 lakh children in care homes.
  • This accounts for over 70% of the children in care homes.
  • The court is suo motu monitoring the welfare of children placed in care homes during the pandemic.

      IASbhai WINDUP: 

‘MORE VULNERABLE’

The children being taken in care homes are not only orphaned or abandoned children but also those from downtrodden/financially unstable families.

  • The children in care homes study in government schools.
  • Pandemic would make a child more vulnerable to domestic abuse.
     SOURCES:THE HINDU & PIB | 10th Oct Current Affairs News Analysis

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