ओसाका डिक्लेरेशन
भारत ने डिजिटल इकोनॉमी पर ओसाका घोषणा पत्र पर हस्‍ताक्षर करने से इनकार कर दिया है। इस संयुक्‍त घोषणा पत्र पर हालैंड, स्‍पेन, थाइलैंड, सिंगापुर समेत दुनिया के 24 देशों और समूहों ने दस्‍तखत किए हैं। भारत के साथ साथ दक्षिण अफ्रीका, इंडोनेशिया समेत कई अन्‍य देशों ने भी दूरी बनाई है। घोषणा पत्र के पक्ष में दलील दी जा रही है कि डिजिटल इकोनॉमी से वैश्विक अर्थव्‍यवस्‍था को मजबूती मिलती है और लोगों को भी फायदा होता है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20722-2019-06-30-05-03-16
#OsakaDeclaration #India #RBI #ITMinistry #China #MLAT

शनि के चंद्रमा पर मिशन भेजेगा नासा
नासा ने मंगल, शुक्र और चांद पर पहुंचने के बाद शनि ग्रह पर मिशन भेजने का फैसला लिया है। अमेरिकी स्पेस एजेंसी नासा ने शनि के सबसे बड़े चंद्र टाइटन पर ड्रोन की स्टाइल वाले क्वाडकॉप्टर को भेजने का फैसला लिया है। न्यू यॉर्क टाइम्स के मुताबिक इस मिशन को नासा ने 'ड्रैगनफ्लाइ' नाम दिया है। यह मिशन शनि के चंद्रमा टाइटन पर जीवन की संभावनाओं को तलाशेगा। शनि अकेला ऐसा ग्रह है, जिसकी सतह पर पानी की उपलब्धता है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20721-2019-06-30-05-02-38
#NASA #mission #Saturnsmoon #AppliedPhysicsLaboratory #JohnsHopkinsUniversity #ElizabethTurtle

‘एक राष्‍ट्र एक राशन कार्ड’ योजना
केन्‍द्रीय उपभोक्‍ता मामले, खाद्य एवं सार्वजनिक वितरण मंत्री श्री रामविलास पासवान ने कहा कि सरकार 30 जून 2020 तक पूरे भारत में ‘एक राष्ट्र, एक राशन कार्ड’ योजना लागू करेगी। दिल्‍ली में मीडिया से बातचीत करते हुए श्री पासवान ने कहा कि सभी राशन कार्डों को आधार कार्ड से जोड़ने और फ्वांट ऑफ सेल (पीओएस) मशीन के माध्‍यम से खाद्यान्‍न वितरण की व्‍यवस्‍था अपने अंतिम चरण में है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20720-2019-06-30-05-02-04
#Onenation #oneration #RamVilasPaswan #POS #Haryana #DOS #CWC

Osaka declaration
At the end of hectic negotiations between G-20 countries which went on till 5 am on 29 June 2019, the Osaka declaration stressed on economic offenders as part of the anti-corruption theme — portrayed as a priority for the Indian government. While the joint statement gave very low priority to terrorism, the Financial Action Task Force (FATF) got due prominence.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20726-osaka-declaration
#OsakaDeclaration #India #RBI #ITMinistry #China #MLAT #FATF #G20

Draft national policy for women empowerment
The government has prepared a draft national policy for women empowerment with a priority on their education, food security and nutrition. The Women and Child Development Ministry has prepared the draft policy after receiving suggestions from various stakeholders.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20725-draft-national-policy-for-women-empowerment
#women #empowerment #NRIwomen #governance #stakeholders

India abstain UN resolution on torture
India joined ranks with Russia and 42 other nations to abstain from voting on a General Assembly resolution aimed at examining options to end trade in goods used for capital punishment and torture, saying it is unacceptable to place death penalty on par with torture.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20724-india-abstain-un-resolution-on-torture
#India #UNPaulomiTripathi #Russia #resolution #Mission

‘Tribes India’ Launched Globally
The Minister of State for Tribal Affairs, Smt. Renuka Singh launched the “Go Tribal Campaign” of Tribes India at a glittering event in New Delhi. The campaign has been launched to widely promote the use of tribal products. The Minister also launched ‘Tribes India’ globally through Amazon Global Selling at event. The Minister said that we have to economically strengthen the tribals of our country as they are capable of producing many creative products including handicrafts.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20723-tribes-india-launched-globally
#TribesIndia #TribalAffairs #RenukaSingh #Amazon #handicrafts

CWM Index 2.0
To supplement the efforts of Jal Shakti Ministry, NITI Aayog has prepared the second Round of Composite Water Management Index (CWMI 2.0).The Report was launched on 23 August 2019 by NITI Aayog. CWMI 2.0 ranks various states for the reference year 2017-18 as against the base year 2016-17.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21291-cwm-index-2-0
#CWM #Index2.0 #NITIAayog #JalShaktiMinistry #Gujarat

ESA’s ExoMars programme
NASA has planned to launch its Mars 2020 rover next year sometime in July, however, it will not be the sole expedition to the red-coloured planet. There is another mission called the ExoMars programme, which is a joint venture between the European Space Agency (ESA) and Russian space agency Roscosmos, that is expected to launch sometime in between July 26-August 13 next year.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21290-esa-s-exomars-programme
#NASA #ExoMars #planet #Roscosmos #ESA #RosalindFranklin

Oxytocin issue refers to a larger bench
The Supreme Court referred to a larger Bench the issue of banning manufacture of life-saving drug Oxytocin by private companies. The drug is used to induce labour in pregnant women and stall postpartum bleeding, a leading cause of maternal deaths.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21289-oxytocin-issue-refers-to-a-larger-bench
#Oxytocin #BGP #manufacture #SupremeCourt #Karnataka

Ocean energy now a renewable source
Ocean energy has been included in renewable energy to give a further boost to ocean energy in India. Power Minister R K Singh approved the proposal.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21288-ocean-energy-now-a-renewable-source
#Ocean #India #RPO #NPV #OTEC #RKSingh #stakeholders

IOA blames NADA for suspension
The Indian Olympic Association on 23 August 2019 lashed out at the National Anti-Doping Agency for the suspension of the country’s only WADA-accredited laboratory, saying NADA’s “mistakes” have jeopardised the anti-doping programme in New Delhi.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21287-ioa-blames-nada-for-suspension
#IOA #NADA #WADA #ISL #ISL #LabEG #IOC #UNESCO

Anti-subsidy duty imposed
India has imposed anti-subsidy duty for a period of five years on copper wire rods from Indonesia, Malaysia, Thailand and Vietnam after concluding a probe that these imports have impacted domestic players.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22620-anti-subsidy-duty-imposed.html
#AntiSubsidy #DGTR #Malaysia #WTO #GATT #India #CVDs

SC not to review Sabarimala case
A nine-judge Bench led by Chief Justice of India (CJI) Sharad A. Bobde on 13 January 2020 said its objective was not to review the Sabarimala women entry case but examine “larger issues” of law like the prohibition of women from entering mosques and temples to genital mutilation among Dawoodi Bohras and the banning of Parsi women who married inter-faith from entering the fire temple.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22619-sc-not-to-review-sabarimala-case.html
#SC #Sabarimala #CJI #Article137 #India #DawoodiBohras

Crimes were committed against the state
India registered 8,536 crimes under the ‘offences against the state’ category in the National Crime Records Bureau’s 2018 report, a 5% decrease from 2017.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22618-crimes-were-committed-against-the-state.html
#India #PDPPAct #TamilNadu #UttarPradesh #Sikkim

Panel for issues on royalty rates for major minerals
The Centre has decided to set up an 11-member panel including mines secretaries from various states, to examine issues pertaining to the revision of rates of royalty for minerals.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22617-panel-for-issues-on-royalty-rates-for-major-minerals.html
#royalty #stakeholders #Chhattisgarh #minerals

Private property is a human right
A citizen’s right to own private property is a human right. The state cannot take possession of it without following due procedure and authority of law, the Supreme Court has held in a judgment.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22616-private-property-is-a-human-right.html
#Privateproperty #humanright #Article300A #AjayRastogi

ASER report 2019
The number of girls getting enrolled in government schools is higher than boys in the age group of 4-8 years, according to the 14th Annual Status of Education Report (ASER) launched on 14 January 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22630-aser-report-2019.html
#ASER #BeyondBasics #Pakista #Education

Rare diseases listed
Rare diseases listed out by Union Health Ministry. Updating its 2017 policy on rare diseases, the Union Ministry of Health and Family Welfare on 13 January 2020 published the National Policy for Rare Diseases 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22629-rare-diseases-listed.html
#Rare #NationalPolicy #UnionHealth #stakeholders


Notice to govt on IBC amendments
The Supreme Court sought response from the government on a couple of petitions challenging the validity of a recent amendment to the IBC introducing a threshold of at least 10% of homebuyers in a project or 100 of the total allottees for initiating insolvency proceedings against the real estate developer.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22628-notice-to-govt-on-ibc-amendments.html
#IBC #amendments #NCLT #RFNariman #Articles14

US reverses China 'currency manipulator' label
The United States has removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22627-us-reverses-china-currency-manipulator-label.html
#US #China #currency #manipulator #DonaldTrump #RMB

Lifetime Achievement honour for Kapil Dev
P.V. Sindhu was adjudged the Sportstar of the Year and Kapil Dev honoured for Lifetime Achievement at the Sportstar Aces Awards in mumbai.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22626-lifetime-achievement-honour-for-kapil-dev.html
#KapilDev #Cricket #PVSindhu #Achievement #WorldChampionship

Today's Headlines - 10 September 2023
Self Regulatory Organisation for fintechs
GS Paper - 3 (Economy)

Reserve Bank of India (RBI) Governor Shaktikanta Das has asked fintech entities to form a Self-Regulatory Organisation (SRO). An SRO can help in establishing codes of conduct for its members that foster transparency, fair competition, and consumer protection. It can act as a watchdog and encourage members to adopt responsible and ethical practices. It can provide a link between the regulator and market participants through a less formal set-up.

What is an SRO?

An SRO is a non-governmental organisation that sets and enforces rules and standards relating to the conduct of entities in the industry (members) with the aim of protecting the customer and promoting ethics, equality, and professionalism. SROs typically collaborate with all stakeholders in framing rules and regulations.
Their self-regulatory processes are administered through impartial mechanisms such that members operate in a disciplined environment and accept penal actions by the SRO.
An SRO is expected to address concerns beyond the narrow self-interests of the industry, such as to protect workers, customers or other participants in the ecosystem.
Regulations, standards, and dispute resolution and enforcement by an SRO get legitimacy not just by mutual agreement of its members, but also by the efficiency with which self-regulation is perceived to be administered.
Such regulations supplement, but do not replace, applicable laws or regulations, according to the Reserve Bank of India.
What is the need for an SRO?

As regulators continue to contemplate, implement, and refine regulations for the orderly development of the fintech sector, SROs could play a pivotal role in the fintech industry by promoting responsible practices and maintaining ethical standards.
There have been many instances where a few fintech players were involved in unethical practices such as charging exorbitant higher interest rates and harassment of borrowers for recovering loans.
What are the benefits of an SRO?

SROs are widely considered experts in their fields and so have in-depth knowledge of the markets they operate in. This is helpful to their members as they can be called in to participate in deliberations and learn more about the nuances of the industry.
Formation of SROs ensures member organisations follow a certain standard of conduct that helps promote ethical ways of doing business, which can lead to enhanced confidence in the ecosystem.
They can serve as a watchdog to guard against unprofessional practices within an industry or profession.
What are the functions of an SRO?

The recognised SRO will serve as a two-way communication channel between its members and the RBI.
It will work towards establishing minimum benchmarks and standards and help instil professional and healthy market behaviour among its members.
SROs will impart training to the staff of its members and others and will conduct awareness programmes. It will establish a uniform grievance redressal and dispute management framework across its members.

#upsc #news #headline #self #regulatory #fintechs #Economy #RBI #shaktkantaidas #organisation #consumer #protection #watchdog #ethical #regulator #link #SRO #enforces #rules #stakeholders #mechanisms #industry #workers #resolution #dispute #laws #supplement #india #sector #grievance