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Insights Daily Current Events, 25 November 2015

Insights Daily Current Events, 25 November 2015

Paper 3 Topic: biodiversity.

New species of tree frog discovered

Researchers have discovered a new species of tree frog in Kadalar in the high ranges of Idukki distrct.

  • The new species is named Ghatixalus magnus after its large size making it the biggest known tree frog from the Western Ghats.

Along with the new species, researchers have also rediscovered a bush frog, named Raorchestes flaviventris that had been evading for the past many decades.

  • This bush frog was first discovered by George Albert Boulenger in 1882.

Importance of these findings:

  • Kadalar in the high ranges of Idukki distrct of Kerala has yielded several new species of amphibians in the past, indicating the need to focus conservation efforts.
  • The discovery of a new species of tree frog despite its large size stresses the need for further explorations even in areas which seem to be well studied, which is necessary to focus conservation efforts.

sources: the hindu.

 

Paper 2 Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

India, Singapore enter into strategic tie-up

India and Singapore have signed a joint declaration envisaging a Strategic Partnership which aims at broadening engagement in existing areas of cooperation.

  • This declaration was signed along with 10 other agreements during the recent visit of Prime Minister Modi to Singapore.

Strategic partnership:singapore

  • The strategic partnership aims to catalyze the relations between the two countries in various sectors ranging from political, defence and security cooperation to economic, cultural and people-to-people contacts.
  • The strategic partnership would also enhance cooperation in areas such as the promotion of investments, urban solutions, smart cities, water and waste management, and skill development.

India and Singapore:

  • India was one of the first countries to recognize Singapore’s sovereignty, doing so on Aug 24, 1965.
  • Singapore is India’s 10th largest trading partner, and both militaries train together regularly.
  • The close ties between Singapore and India reflect bilateral trade flows that reached $19.4 billion in 2013-14.
  • Singapore is one of the largest sources of foreign investment into India. Total foreign direct investment flows from Singapore to India reached a cumulative total of $36 billion between 2000 and mid-2015.

2015 marks the golden anniversary of bilateral relations.

sources: the hindu, et.

 

Paper 2 Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

Sebi, Bangla regulator sign pact over co-operation

The Securities and Exchange Board of India (Sebi) has signed a memorandum of understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC) on co-operation and technical assistance.

  • The MoU was signed by the chairmen of the two bodies in the presence of Sheikh Hasina Wazed, prime minister of Bangladesh.

Details:

  • The MoU is aimed at promoting economic links, enhancing investor protection, and development of capital markets.
  • Utilising the experience of Sebi, the MoU also aims to create an opportunity for strengthening the Bangladesh capital market.
  • It will further facilitate training and technical assistance program between the two jurisdictions.
  • It also aims at enhancing investor protection and creating conditions for an effective development of securities markets in the two countries.

Sebi has so far signed MoUs with 21 nations.

About SEBI:

The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.

  • It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.

SEBI is composed of-

  • The chairman who is nominated by Union Government of India.
  • Two members, i.e., Officers from Union Finance Ministry.
  • One member from the Reserve Bank of India.
  • The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.

Important functions performed by SEBI:

  • Approve by−laws of stock exchanges.
  • Require the stock exchange to amend their by−laws.
  • Inspect the books of accounts and call for periodical returns from recognized stock exchanges.
  • Inspect the books of accounts of financial intermediaries.
  • Compel certain companies to list their shares in one or more stock exchanges.
  • Registration of brokers.

Sources: The Hindu, Wiki.

 

Paper 3 Topic: indigenization of technology and developing new technology.

India successfully test fires nuclear-capable Dhanush ballistic missile

The nuclear-capable Dhanush ballistic missile was recently test fired from a naval ship off the Odisha coast.

  • It was test fired from INS Subhadra.

About Dhanush:

  • It is a surface-to-surface missile.
  • It is a naval variant of India’s indigenously-developed Prithvi missile.
  • It is a single-stage, liquid-propelled missile.
  • Range: 350 km.

It has already been inducted into the armed forces and is one of the five missiles developed by Defence Research and Development Organisation (DRDO) under the Integrated Guided Missile Development Programme (IGMDP).

sources: pib.