Daily Current Affairs for UPSC CSE
Topics Covered
- Overseas Bond Issue
- Central Equipment Identity Register
- Compatible Time Sharing System
- National Green Tribunal
- Law commission
- Protection of Dolphins
- Kartarpur corridor
- Facts for Prelims : Spektr-RG , Orchids, Ransomware
1 . Overseas Bond Issue
Context : The government, Finance Minister Nirmala Sitharaman announced in the Budget speech, plans to raise a portion of its gross borrowing from overseas markets. The government and the Reserve Bank of India (RBI) will reportedly finalise the plans for the overseas issue of sovereign bonds by September. While several commentators have argued that this is a risky move, the government itself is convinced that it will help boost private investment in the country.
What is an overseas bond issue?
- A government bond or sovereign bond is a form of debt that the government undertakes wherein it issues bonds with the promise to pay periodic interest payments and also repay the entire face value of the bond on the maturity date. So far, the government has only issued bonds in the domestic market.
Why Overseas Bond
- India’s sovereign external debt to GDP ratio is among the lowest around the world, at less than 5%.
- Against this background, the government will start raising a part of its gross borrowing programme in external markets in external currencies.
- This would also have a beneficial impact on the demand for government securities in India.
What are the benefits of an overseas bond issue?
- Government borrowing is at such a level that there are not enough funds available for the private sector to adequately meet its credit and investment needs. If the private sector cannot borrow adequately, then it cannot invest as it wants to, and that impacts economic growth.
- Overseas borrowing programme allows the government to maintain its gradual reduction of the fiscal deficit. Therefore, borrowing overseas allows the government to raise funds in such a way that there is enough domestic credit available for the private sector
- The appetite of the international market for Indian bonds and their price will also say a lot about how India is viewed globally on the risk factor. For example, if the rate at which India can borrow overseas is low, then this would mean the global market assigns a low risk to India defaulting.
What are the risks?
- Several economists have expressed their concerns over the fact that India might follow the path of some Central and South American countries such as Mexico and Brazil. In the 1970s, several of these countries borrowed heavily overseas when the global market was flush with liquidity. But then, when their currencies depreciated sharply a decade later, these countries were in big trouble as they could not repay their debt.India is not likely to be viewed as a risky proposition by the international market and so is likely to fetch an attractive rate for the bonds. Cheap and plentiful funds, however, should not encourage the government to borrow too heavily from abroad.
- Another risk to India from overseas borrowings is that this would lead to a quicker increase to its foreign exchange reserves, which would lead to a stronger rupee at a time when it is already appreciating against the dollar. This, many experts say, would be an adverse outcome. A stronger rupee would encourage imports at a time when the government is trying to curb them, and discourage exports at a time when they are being encouraged. On the other hand, a rupee depreciation for whatever external reason would prove even more disastrous as it would make it far more expensive for India to repay its external debt.
- The third problem with an overseas bond issue is that the government would not be able to inflate itself out of trouble. That is, in the domestic market, if the government does ever reach the stage where it is finding it difficult to repay its debt, it can simply print more money, let inflation rise quickly and repay its debt. This is not an option in an overseas bond issue. The Indian government cannot print foreign currency to repay its debt.
2 . Central Equipment Identity Register
Context : National Telecom Policy of 2012 calls for the establishment of a National Mobile Property Registry to address the issue of “security, theft, and other concerns including reprogramming of mobile handsets”. Based on this, the Department of Telecommunications (DoT) under the Ministry of Communications initiated a Central Equipment Identity Register (CEIR) for mobile service providers. The DoT issued a memorandum in July 2017 announcing the CEIR with a pilot project led by Bharat Sanchar Nigam Limited in Maharashtra. In January 2018, this project was handed over to the Centre for Development of Telematics (CDoT). Now, it is all set to roll out.
What is CEIR?
- Every mobile network provider in India has an Equipment Identity Register (EIR), or a a database of the phones connected to its network. These EIRs will now share information with a single central database, the CEIR.
- In essence, it will be a repository of information on all mobile phones connected to networks across India. There were over 1,026 million active wireless phone connections by the end of 2018, according to the Telecom Regulatory Authority of India.
- As per the DoT’s 2017 memorandum, the CEIR will have information on the device’s International Mobile Equipment Identity (IMEI) number (every phone or mobile broadband device has this unique 15 digit code that precisely identifies the device), model, version, and “other information”. It will also know if the phone is blacklisted, and the reason why it has been blacklisted.
- Mobile phone manufacturers assign IMEI numbers to each device based on ranges allotted to them by the Global System for Mobile Communications Association. Dual SIM phones will have two IMEI numbers.
Purpose of a CEIR?
- Such centralised databases are meant to identify and block stolen or illegal mobile phones across networks.
- Currently, when a customer reports a mobile phone as missing or stolen, mobile service providers have the ability to blacklist the phone’s IMEI in their EIRs and block it from accessing their network. But if the SIM is changed to a new network, it can continue to be in use. With a CEIR, all network operators will be aware that the phone is blacklisted.
- The CEIR will also access the GSMA’s database of IMEI numbers to check whether the phone is authentic. There are cases of phones being in use with duplicate IMEI numbers, or with all zeroes instead of an authentic IMEI number.
- CEIR will be able to block services to subscribers. This ability had rested with individual networks till now. The memorandum also mentions enabling “IMEI-based lawful interception”, which means allowing legal authorities to use CEIR data.
Issues with CEIR?
- who should maintain such a high-value database? Should it be the service provider, or a neutral third party? In their responses to the consultation paper, many major service providers preferred having a third party, ranging from international bodies to TRAI itself as suggested by the BSNL. The CDoT, which is reportedly readying to roll out the service, is an autonomous entity under the DoT.
- Another major issue is cloning, or reprogramming stolen or unauthorised mobile phones to attach existing genuine IMEI numbers. Blocking cloned IMEI numbers could result in the authentic ones also being blocked.
3 . Compatible Time Sharing System
Context : Fernando Corbató, whose work on computer time-sharing in the 1960s helped pave the way for the personal computer, as well as the computer password, died on Friday. He was 93.
About Compatible Time Sharing System
- Decades before the existence of concepts like cybersecurity and the cloud, Corbató led the development of one of the world’s first operating systems.
- Compatible Time-Sharing System” (CTSS) allowed multiple people to use a computer at the same time, greatly increasing the speed at which programmers could work. It’s also widely credited as the first computer system to use passwords.
- Before time-sharing, using a computer was tedious and required detailed knowledge. Users would create programs on cards and submit them in batches to an operator, who would enter them to be run one at a time over a series of hours. Minor errors would require repeating this sequence, often more than once.
- But with CTSS, which was first demonstrated in 1961, answers came back in mere seconds, forever changing the model of program development.
4 . National Green Tribunal
Context : The Supreme Court on Friday agreed to examine a legal question whether the National Green Tribunal (NGT), established in 2010 to deal with cases pertaining to environmental issues, has the power to take cognisance of a matter on its own.
About National Green Tribunal
- The National Green Tribunal has been established under the National Green Tribunal Act 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources including enforcement of any legal right relating to environment and giving relief and compensation for damages to persons and property and for matters connected therewith or incidental thereto.
- It is a specialized body equipped with the necessary expertise to handle environmental disputes involving multi-disciplinary issues.
Composition
- The Chairperson of the NGT is a retired Judge of the Supreme Court, Head Quartered in Delhi.
- Other Judicial members are retired Judges of High Courts. Each bench of the NGT will comprise of at least one Judicial Member and one Expert Member.
- Expert members should have a professional qualification and a minimum of 15 years experience in the field of environment/forest conservation and related subjects.
Powers
- The NGT has the power to hear all civil cases relating to environmental issues and questions that are linked to the implementation of laws listed in Schedule I of the NGT Act. These include the following:
- The Water (Prevention and Control of Pollution) Act, 1974;
- The Water (Prevention and Control of Pollution) Cess Act, 1977;
- The Forest (Conservation) Act, 1980;
- The Air (Prevention and Control of Pollution) Act, 1981;
- The Environment (Protection) Act, 1986;
- The Public Liability Insurance Act, 1991;
- The Biological Diversity Act, 2002.
- This means that any violations pertaining only to these laws, or any order / decision taken by the Government under these laws can be challenged before the NGT.
- NGT has not been vested with powers to hear any matter relating to the Wildlife (Protection) Act, 1972, the Indian Forest Act, 1927 and various laws enacted by States relating to forests, tree preservation etc.
Principles of Justice adopted by NGT
- The NGT is not bound by the procedure laid down under the Code of Civil Procedure, 1908, but shall be guided by principles of natural justice. Further, NGT is also not bound by the rules of evidence as enshrined in the Indian Evidence Act, 1872.
- Thus, it will be relatively easier (as opposed to approaching a court) for conservation groups to present facts and issues before the NGT, including pointing out technical flaws in a project, or proposing alternatives that could minimize environmental damage but which have not been considered.
- While passing Orders/decisions/awards, the NGT will apply the principles of sustainable development, the precautionary principle and the polluter pays principles.
- However, it must be noted that if the NGT holds that a claim is false, it can impose costs including lost benefits due to any interim injunction.
About the issue
- Currently the Supreme Court and High Courts have the power to take suo motu cognisance and a tribunal cannot exercise this power, neither the NGT Act gives power of suo moto. Now the Supreme Court will decide whether NGT has the power to take Suo moto cognisance
5 . Law Commission
Context : With the country left without a Law Commission since September 2018, the Law Ministry has initiated the process of setting up the body which gives advice to the government on complex legal issues.
Background
- Since the third decade of the nineteenth century, Law Commissions were constituted by the Government from time to time and were empowered to recommend legislative reforms with a view to clarify, consolidate and codify particular branches of law where the Government felt the necessity for it.
- The first such Commission was established in 1834 under the Charter Act of 1833 under the Chairmanship of Lord Macaulay which recommended codification of the Penal Code, the Criminal Procedure Code and a few other matters.
- Thereafter, the second, third and fourth Law Commissions were constituted in 1853, 1861 and 1879 respectively which, during a span of fifty years contributed a great deal to enrich the Indian Statute Book with a large variety of legislations on the pattern of the then prevailing English Laws adapted to Indian conditions.
- The Indian Code of Civil Procedure, the Indian Contract Act, the Indian Evidence Act, the Transfer of Property Act. etc. are products of the labour of the first four Law Commissions.
Post Independence
- Though the Constitution stipulated the continuation of pre-Constitution Laws (Article 372) till they are amended or repealed, there had been demands in Parliament and outside for establishing a Central Law Commission to recommend revision and updating of the inherited laws to serve the changing needs of the country.
- The Government of India reacted favourably and established the First Law Commission of Independent India in 1955 with the then Attorney-General of India, Mr. M. C. Setalvad, as its Chairman.
- Since then twenty one more Law Commissions have been appointed, each with a three-year term and with different terms of reference.
About Law Commission
- Law Commission of India is an executive body established by an order of the Government of India. Its major function is to work for legal reform.
- Its membership primarily comprises legal experts, who are entrusted a mandate by the Government.
- The Commission is established for a fixed tenure and works as an advisory body to the Ministry of Law and Justice
- The Reports of the Law Commission are considered by the Ministry of Law in consultation with the concerned administrative Ministries and are submitted to Parliament from time to time. They are cited in Courts, in academic and public discourses and are acted upon by concerned Government Departments depending on the Government’s recommendations.
- Former Supreme Court judge Balbir Singh Chauhan was appointed Chairman of the 21st Law Commission. The 21st commission, under Justice B.S. Chauhan (retd), had submitted reports and working papers on key issues such as simultaneous polls to the Lok Sabha and the Assemblies and a uniform civil code.
6 . Protection of Dolphins
Context : Restricting the speeds of vessels and blowing sirens and horns is how the Ministry of Shipping plans to safeguard the population of the Ganges River Dolphin, in the country’s one dolphin reserve through which National Waterway-1 connecting Haldia to Varanasi passes.
About the Issue
- The Vikramshila Gangetic Dolphin Sanctuary (VGDS), from Sultanganj to Kahalganj on the Ganga in Bihar is the only dolphin sanctuary in the country.
- Sultanganj-Kahalgaon stretch of National Waterway-1 passes through Vikramshila Sanctuarya and hence it may affect dolphin population present in the sanctuary
Measures undertaken to protect dolphin population
- Vessel speed would be restricted to 2.7 knots in Vikramshila Gangetic Dolphin Sanctuary (VGDS) area to reduce the noise generation from propeller… lf any aquatic mammal/dolphin is spotted, then the measures will be taken to push it away through sirens/signals
- The other mitigation measures, according to the Ministry, include fitting vessels with propeller guards and dolphin deflectors to minimise dolphin accidents and using non-toxic paints for painting vessels.
- The Ministry said the mitigations are based on Comprehensive Environmental and Social lmpact Assessment (ESIA) study on National Waterway-I including on stretches falling within VGDS.
Criticisms
- Dolphins are difficult to spot and even after they are spotted if sirens are sounded it will not only disturb them more but also a number of other migratory birds and aquatic fauna
- Using the Ganga for navigation will be detrimental to the biodiversity of the river.
- Dredging the river bed may also disturb the ecosystem and river geo morphology
7. Kartarpur corridor
Context : The second round of talks with Pakistan on the modalities for operationalisation of the Kartarpur Sahib Corridor was held at Wagah, Pakistan
Details of the Meeting
- The Indian side conveyed concerns regarding the possible flooding of the Dera Baba Nanak and adjoining areas on the Indian side as a result of earth filled embankment road or a causeway that is proposed to be built by Pakistan on their side.
- The Indian delegation shared detailed flood analysis with Pakistan to underscore these concerns. It was clearly conveyed that an earth filled embankment or a causeway will create problems for our people and should not be built even in the interim.
- Details of the bridge that India is building on its side were shared, and Pakistan side was urged to also build a bridge on their side. This would not only address the flooding related concerns, but also ensure smooth, hassle free, all-weather pilgrimage to the Holy Gurudwara Kartarpur Sahib, throughout the year.
- Pakistan side agreed, in principle, to build a bridge at the earliest. Pending the construction of a bridge over the old Ravi creek by Pakistan on their territory, India offered to make interim arrangements for making the corridor operational in November 2019, given the historic importance of the 550th Birth Anniversary of Guru Nanak Dev Ji.
- India urged Pakistan to take into consideration the sentiments of the pilgrims to have smooth, easy, unrestricted access throughout the year to be able to visit the Holy Gurudwara Kartarpur Sahib.
- In this context, the following requests were reiterated:
- 5,000 pilgrims be allowed to visit Gurudwara Kartarpur Sahib using the corridor everyday given the expected high demand on our side;
- 10,000 additional pilgrims be allowed to visit on special occasions;
- There should be no restrictions on the pilgrims in terms of their faith;
- not only Indian nationals, but also the Persons of Indian Origin (PIOs) holding OCI cards be allowed to use the Kartarpur Corridor facility;
- the movement should be visa free and Pakistan should reconsider charging any fee or introducing any permit system;
- Pilgrims should be allowed to visit throughout the year, seven days a week;
- Pilgrims should have the choice to visit as individuals or in a group;
- Pilgrims should have the choice to visit on-foot on pilgrimage to the holy shrine;
- Provisions should be made for preparation and distribution of langar and prasad for the pilgrims.
- The Indian delegation has also sought consular presence in Kartarpur Sahib Gurudwara to be able to provide assistance to the pilgrims, if required. Pakistan side assured our delegation that no anti-India activity would be allowed.
- Based on the representations that were received by the Government, the issue of encroachment of the land belonging to the Gurudwara was once again raised and Pakistan authorities were asked to restore this land to the Gurudwara to honor religious sentiments. Pakistan side agreed to look at this issue.
- The Pakistan side has been separately requested to permit and facilitate ‘Nagar Kirtan’ from Delhi to Nankana Sahib in Pakistan in July 2019 and then again in October/ November 2019 that is proposed to be organised by Shiromani Gurdwara Parbandhak Committee (SGPC) and Delhi Sikh Gurdwara Management Committee (DSGMC), the apex bodies involved in organising pilgrims visits to Pakistan under the 1974 Bilateral protocol. It has also been proposed to Pakistan to allow 10,000 Indian pilgrims to visit Pakistan under the 1974 Protocol on the auspicious occasion of 550th Birth Anniversary of Sri Guru Nanak Dev Ji.
- Progress was made in finalising the draft Agreement with regard to the modalities. It was agreed to allow visa free travel for the Indian passport holders and OCI card holders seven days a week. Throughout the year, 5000 pilgrims will be allowed to visit Kartarpur Sahib Gurudwara per day. The pilgrims will be allowed to travel as individuals or in groups and also on foot. Pakistan highlighted the infrastructural constraints on their side and conveyed that they may be able to accommodate many of the Indian proposals in a phased manner. Pakistan was asked to reconsider its position as Kartarpur Sahib Corridor is a long pending demand of the pilgrims and there is expectation that Pakistan would be liberal in allowing more pilgrims and facilities for them through this corridor.
8 . Facts for Prelims
Spektr-RG
- Spektr-RG, developed with Germany, is a space observatory intended to replace the Spektr-R, known as the “Russian Hubble”, which Roskosmos lost control of in January.
- Spektr-R was launched in 2011 to observe black holes, neutron stars and magnetic fields. Its successor will take up similar duties.
Ransomware
- Ransom malware, or ransomware, is a type of malware that prevents users from accessing their system or personal files and demands ransom payment in order to regain access.
Orchids
- The Botanical Survey of India has come up with the first comprehensive census of orchids of India putting the total number of orchid species or taxa to 1,256.
- Orchids can be broadly categorised into three life forms: epiphytic (plants growing on another plants including those growing on rock boulders and often termed lithophyte), terrestrial (plants growing on land and climbers) and mycoheterotrophic (plants which derive nutrients from mycorrhizal fungi that are attached to the roots of a vascular plant). About 60% of all orchids found in the country, which is 757 species, are epiphytic, 447 are terrestrial and 43 are mycoheterotrophic.
- The epiphytic orchids are abundant up to 1800 m above the sea level and their occurrence decreases with the increase in altitude. Terrestrial orchids, which grow directly on soil, are found in large numbers in temperate and alpine region whereas mycoheterotrophic orchids, mostly associated with ectomycorrhizal fungi, are found in temperate regions, or are found growing with parasites in tropical regions.
- Entire orchid family is listed under appendix II of CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) and hence any trade of wild orchid is banned globally.