FREEDOM IN THE WORLD 2021: DEMOCRACY UNDER SIEGE
Freedoms in India have reduced, according to a report from a U.S. thinktank, Freedom House, resulting in India being classified as ‘partly free’.
About:
- India’s score was 67, a drop from 71/100 from last year (reflecting 2019 data) downgrading it from the free category last year (based on 2020 data).
- According to the report “Freedom in the World 2021: Democracy under Siege”, the government of Prime Minister Narendra Modi and its State-level allies continued to crack down on critics during the year.
- The ruling Hindu nationalist movement also encouraged the scapegoating of Muslims, who were disproportionately blamed for the spread of the virus.
- The U.S. dropped three points over one year, down to 83/100.
- China, classified as ‘not free’, dropped a point from last year going down to 9/100.
SEBI CALLS FOR MECHANISM TO PREVENT MARKET ABUSE
SEBI asked stock exchanges, clearing corporations and depositories to put in place a code of conduct and institutional mechanism to prevent fraud or market abuse by them and their designated persons.
About:
- Under this, the managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be obligated to frame a code of conduct and put in place an institutional mechanism.
- Further, the board of directors needs to ensure compliance by the MD/CEO in this regard.
- MIIs will have to formulate a code of conduct to regulate, monitor and report trading by their designated persons and immediate relative of designated persons towards achieving compliance with the prohibition of insider trading regulations.
WORLD HEARING DAY
WHO is celebrating the world hearing day.
About:
- World Hearing Day is held on 3 March each year to raise awareness on how to prevent deafness and hearing loss and promote ear and hearing care across the world.
- Theme for 2021: Hearing Care for ALL! Screen, Rehabilitate, Communicate.
- World Hearing Day 2021 will mark the launch of the first-ever World Report on Hearing (WRH).
- The Report has been developed in response to the World Health Assembly resolution (WHA70.13), adopted in 2017 as a means of providing guidance for Member States to integrate ear and hearing care into their national health plans.
- The report proposes a set of key H.E.A.R.I.N.G. interventions that must be delivered through a strengthened health system to realize the vision of ‘Integrated people-centered ear and hearing care’ (IPC-EHC).
HURUN GLOBAL RICH LIST 2021
The world added 607 new billionaires, or more than three billionaires in two days, while India added 55 new billionaires, or more than one billionaire every week, in 2020, despite the COVID-19 pandemic, as per the 10th edition of Hurun Global Rich List 2021.
About:
- Tesla’s Elon Musk added $151 billion to become the richest man in the world for the first time with a net worth of $197 billion, followed by Amazon’s Jeff Bezos ($189 billion).
- Reliance Industries Chairman Mukesh Ambani, who emerged as the richest man in India with a net worth of $83 billion, came in at number eight.
- India retained the third spot in the number of billionaires from a country with a total of 177 billionaires living in the country.
- In the list of Indian billionaires, Mr. Ambani was followed by Adani Group’s Gautam Adani and family with his wealth almost doubling to $32 billion.
NEGEV LIGHT MACHINE GUNS (LMGs)
The Army will begin inducting the first lot of 6,000 new Light Machine Guns (LMG) from Israel, with frontline troops on the borders set to receive them later this month.
About:
- These are part of the 16,497 Negev LMGs contracted from Israeli Weapons Industry (IWI) in March 2020 under fast track procurement to meet the immediate requirement. The remaining guns in the order will be delivered by March 2022.
- The contracted Negev 7.62X51 mm LMG is a combat proven weapon and currently used by several countries around the globe.
- This LMG will greatly enhance the lethality and range of a soldier vis-a-vis the presently used weapon.
SANSAD TV
After nearly two years of work, the merger of the Lok Sabha TV (LSTV) and the Rajya Sabha TV (RSTV) has been finalised and will be replaced by Sansad TV.
About:
- Retired IAS officer Ravi Capoor was appointed Chief Executive Officer (CEO) of Sansad TV. Mr. Capoor’s mandate is also to work out the nitty-gritty of the merger, including the integration of the assets and manpower.
- In November 2019, a committee headed by former Prasar Bharati Chairman Surya Prakash was set up. It submitted a report in February 2020.
- The Surya Prakash panel held a meeting with Members of Parliament from different political parties and they strongly recommended the continuation of the live telecast.
- Under the banner of Sansad TV, the LSTV would continue to telecast live the House proceedings and the RSTV that of the Upper House.
- During the inter-session period and beyond the working hours of Parliament, both will telecast common content to a large extent. The LSTV platform would telecast programmes in Hindi, while RSTV would do so in English.
HIMALAYAN SEROW
Himalayan serow was spotted in the Manas Tiger Reserve in Assam. It was spotted close to the border with Bhutan in Manas’s Bansbari-Mathanguri forest.
About:
- The Himalayan serow is a subspecies of the mainland serow native to the Himalayas.
- Common name: Himalayan Serow
- Scientific name: Capricornis sumatraensi thar.
- Local name: Jingal, Yemu.
- Description: An appearance of a goat with long, donkey like ears, and a habit of standing with forelegs astraddle, make the Serow an ungainly goat antelope. Its coarse coat(long hair length than the Goral) varies from black to red.
- IUCN status: Near threatened.
- It is listed in CITES Appendix I.
KARNATAKA’S ENGINEERING RESEARCH POLICY
Karnataka launched the country’s maiden Engineering Research & Development (ER&D) Policy to raise its contribution to the sector in the country to 45% in the next five year.
About:
- The State government anticipates the policy has the potential to create over 50,000 jobs in the ER&D space in five years.
- According to industry apex body Nasscom, ER&D has the potential to become a $100-billion industry in the country in the next five years.
- The ER&D sector in the country is the fastest growing industry with a CAGR of 12.8%. Meanwhile, the global engineering research and development industry is expected to reach a spend of $2 trillion by 2025.
- The new policy has identified five key focus sectors such as aerospace and defence; auto, auto components and EV; biotechnology, pharma and medical devices; semiconductors, telecom, ESDM; and software products.
PECTRUM AUCTION
The telecom spectrum auctions concluded after bidding for a day and a half, with the Centre garnering ₹77,814.8 crore in revenues.
About:
- The amount exceeded the expectations of the government as well as analysts, as telcos focused on renewing expiring spectrum and consolidating holdings in select bands.
- The Mukesh Ambani-led Reliance Jio was the biggest bidder, acquiring 488.35 MHz of spectrum for ₹57,122.65 crore, followed by Bharti Airtel, which bid for 355.45 MHz of spectrum for ₹18,698.75 crore. Vodafone Idea bid for only 11.8 MHz of airwaves for ₹1,993.4 crore.
- The spectrum will be assigned to bidders for a period of 20 years.
- In the auction — the first in nearly five years and among the shortest, with participation from only three players — a total of 2308.80 MHz of spectrum across seven bands and worth about ₹3.92 lakh crore was put up for sale.
- Bids were received for 855.60 MHz, or 37%, of the spectrum. No bids were received for the premium 700 MHz and 2500 MHz bands. The 700 MHz band remained unsold during the 2016 auctions as well due to the high prices.
- Reliance Jio acquired spectrum in all 22 telecom circles, across 800 MHz, 1800 MHz and 2300 MHz bands, and its owned spectrum footprint had increased by 55% to 1,717 MHz.
SRI LANKA’S WEST CONTAINER TERMINAL (WCT) PROJECT
Sri Lanka said it will develop the West Container Terminal (WCT) at the Colombo Port, along with India and Japan.
About:
- The decision comes a month after the Rajapaksa government ejected the two partners from a 2019 tripartite agreement to jointly develop the East Container Terminal (ECT), citing resistance to “foreign involvement”.
- While the High Commission of India had “approved” Adani Ports, which was to invest in the ECT project earlier, Japan is yet to name an investor.
- In the ECT project agreed upon earlier, the Sri Lanka Ports Authority (SLPA) was to hold majority 51%, but in the WCT proposal, India and Japan will be accorded 85% stake, as is the case in the nearby Colombo International Container Terminal (CICT), where China Merchants Port Holdings Company Limited holds 85%.
- The WCT is adjacent to the China-run CICT and just a couple of kilometres away from the China-backed Port City being built on reclaimed land, making it a strategically desirable spot for India, whose concerns over China’s presence in Sri Lanka are well known.
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