19 AUGUST 2019 || THE HINDU DAILY NEWS & CURRENT AFFAIRS ANALYSIS FOR UPSC, SSC, CAPF, CDS etc.

The Hindu Daily News Analysis

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1. Finance Ministry asks PSBs to align with national priorities

Context

The Finance Ministry has asked banks to align themselves with the national priorities. Nirmala Sitharaman is the current Finance Minister of India.

Details

  • The note from the Finance Ministry has asked the banks to seek feedback on several issues such as the rise in bad loans and slow credit growth in the last five years, and to prepare a road-map for the coming years.
  • PSBs have been asked to involve all their approximately 1 lakh branches in the exercise.
  • This is part of an initiative taken by the government to find out ways in which banks can align with its national objectives.
  • Some of the national priorities to which banks need to align include doubling farm income, Jal Shakti Mission, housing for all, education loans, ease of living, corporate social responsibility and financial inclusion.
  • The exercise, termed as “bottom-up consultative process” for PSBs, is the first comprehensive review of PSBs after Nirmala Sitharaman took charge of the Finance Ministry.
  • It will also provide a direction to the banks for the next five years.
  • The process will provide a platform for field personnel to represent and bring forward the grassrootlevel challenges in their respective areas.

2. Odisha to conserve two of its largest lakes

Context

The Odisha Wetland Authority has approved implementation of an integrated management plan for Lake Chilika and Lake Ansupa.

Details

  • Lake Ansupa was sustaining from the freshwater supply during the rainy season from the Mahanadi river. With reduced inflow over the years, the lake’s hydrology has changed a lot.
  • The water spread area has reduced and fishery resource is almost non-existent.
  • During past two years, the Chilika Development Authority has managed to make 172 sq km free from encroachment which resulted in increase in fish catch by 20%.

Chilika Lake

  • Chilika Lake is India’s largest brakish water lagoon.
  • It is spread over 1,100 sq km.
  • Lakhs of tourists visit the lake to watch endangered Irrawaddy dolphins and migratory birds during winter.
  • About 151 villages carry out fishing, the principal livelihood for two lakh traditional fishermen.
  • It is the largest wintering ground for migratory waterfowls on the Indian subcontinent.
  • In 1981, Chilika became the first Ramsar site in India.
  • A Ramsar site is a wetland site designated to be of international importance under the Ramsar Convention. The Convention on Wetlands, known as the Ramsar Convention, is an intergovernmental environmental treaty established in 1971 by UNESCO, which came into force in 1975.

Lake Ansupa

  • Lake Ansupa is Odisha’s largest freshwater lake.
  • The lake spread over almost 2 sq km is also the wintering ground for 32 species of migratory birds.
  • Its calmness, scenic beauty and forest coverage behold the visitors.
  • Ansupa is famous for its sweet water fish, especially labeo bata locally known as pohala

3. UAE to give PM Modi its highest civilian award

  • Prime Minister Narendra Modi will visit the UAE on August 23 and 24.
  • During his visit, he will receive the Order of Zayed.
  • Order of Zayed is the highest civilian award of the country.
  • It is named after Sheikh Zayed bin Sultan Al Nahyan, founding father of the UAE.
  • He is getting this award for hiis efforts to strengthen bilateral relations between India and UAE.
  • It acquires special significance as it was awarded to Prime Minister Modi in the year of the birth centenary of Sheikh Zayed.
  • The visit is very important as it would be the first by Mr. Modi to a leading member of the Organisation of Islamic Countries after India had changed the status of Kashmir.
  • Modi's visit to Bahrain will be the first ever Prime Ministerial visit from India.

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    theRADICAL news: 19 AUGUST 2019 || THE HINDU DAILY NEWS & CURRENT AFFAIRS ANALYSIS FOR UPSC, SSC, CAPF, CDS etc.
    19 AUGUST 2019 || THE HINDU DAILY NEWS & CURRENT AFFAIRS ANALYSIS FOR UPSC, SSC, CAPF, CDS etc.
    Get Daily News Analysis, Editorial Analysis and Current Affairs from The Hindu newspaper for free. The Hindu newspaper is one of the most important source for preparing GS/Gk for any competitive exam in India. This free Daily News Analysis, Editorial Analysis and Current Affairs from The Hindu newspaper will help you make notes for various competitive exams like SSC, CDS, UPSC Civil Services, UPSC CAPF, Banking, Railways RRBs, Insurance, UPSC IES, UPSC IFS, etc. This complete analysis contains both fact based news highlights for objective exams and in depth analysis of editorials and opinions for descriptive papers and essays in very easy and simplified language.
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