Daily Current Affairs : 18-12-2020

1.Regulator Sandbox(RS)

• RS usually refers to a system of live-testing new products or services in a controlled environment, for which regulators may or may not permit relaxations for the limited purpose of the testing.
• Benefits of such an approach: no need fora larger and more expensive roll-out, better management of risks, relaxations in regulatory and legal requirements etc.
• Recently, RBI relaxed regulatory norms for its RS initiative.
• Reducing net worth requirement to,1O lakh from  25 lakh earlier.
• Partnership firms and limited liability partnerships have been allowed to participate.

Source: The Hindu

2.National Hydrology Project (NHP)

• Recently, the Ministry of Jal Shakti held a mid-term review of N HP.
• NHP was started in 2016 as a Central Sector Scheme for a period of 8years.
• The project aims at improving the extent, reliability, and accessibility of water resources information and to strengthen the capacity of targeted water resource management institutions in  India.
• It  has two groups of  direct beneficiaries
• Central and state implementing agencies responsible for surface and/or groundwater planning and management.
• Users of water resource information system.

Source: The Hindu

3.Financial Stability and development council(FSDC)

• Recently, FSOC discussed measures that could be taken in the next budget to accelerate growth while maintaining financial stability.
• It was set up in 2010 for strengthening and institutionalizing mechanism for:
• Maintaining financial stability,
• Enhancing inter-regulatory coordination and Promoting financial sector development.
• Chairman: Finance Minister
• Members:  Minister of  State,  in charge of  Department of  Economic  Affairs, Heads of all  Financial  Sector Regulators (RBI, SEBI, PFROA, IROAI, IBBI); Secretaries to various departments.

Source: The Hindu

4.Bangladesh Sheikh Mujipur Rahman

• UN ESCO has decided to launch an international prize in the field of the creative economy in his name.
• He was the founding leader of Bangladesh and the country's first Prime Minister.

Source: The Hindu

5.Prime Minister Special Scholarship Scheme(PMSSS)

• All India Council for Technical Education (AICTE) has decided to re ease the installment of Rs. 20 000/- as maintenance allowance under PMSSS
• PMSSS was instituted in 2010 with the aim to build the capacity es of the youths of J&K and Ladakh by Educating, Enablingandempowering them to compete in the normal course.
• Components of scholarships: Academic fee and maintenance allowance
• The scheme is being implemented by the AICTE.

Source: The Hindu

6.Prime Minister Special Scholarship Scheme(PMSSS)

• Located in Nizamuddin, Delhi was built by Rahim for his wife in 1598.
• Bulbous domes, canopies and arches, char bagh pattern, and use of Red sandstone and marble are important features.
• Rahim was one of the Navratnanas, a reputed military commander, and a poet in the court of emperor Akbar.
• He is known as the proponent of a secular all-embracing all-encompassing culture of inclusiveness.
• He wrote extensively in Braj, Sanskrit, Arabic, and Persian. He translated Babur's autobiography Baburnama from Turkish to Persian.

Source: The Hindu

7.MHA highlights institutional mechanism for preventing and countering human trafficking at state level

• Human trafficking involves recruitment, transportation, transfer, harboring, or receipt of persons, by means of threat or use of force or other forms of coercion/deception, for purpose of exploitation.
• Exploitation may include prostitution of others or other forms of sexual exploitation, forced labor or services, slavery or practices similar to slavery, servitude, or removal of organs.
• Approximately a 16million women are victims of sex trafficking in India a year.
• Mechanisms to tackle human trafficking.

Source: The Hindu

8.Institutional  Mechanism

• Ministry of Home Affairs (MHA) had provided financial assistance to State Governments for setting up anti-human Trafficking Un ts (AHTUs).
• AHTUs are integrated task force(s) to prevent and combat trafficking in persons and comprise a group of trained
• sensitive officials of Police, Women and Child Welfare Department and other relevant departments of the State,
• While the Central Government has provided financial assistance for setting up physical infrastructure In these Units is the responsibility of States to depute suitable manpower to manage these Units,
• MHA has also released Rs.100 crores under Nirbhaya Fund to all States and UTs for setting up Women HeJp Desks in 10,000 Police Stations of States.
• These Women Help Desks shall also attend to all matters relating to human trafficking, Notifying State-level, District-level and Police Station-levelAntiHuman Trafficking Units by States and UTs.

Source: The Hindu

9.Constitutional legislation Prevention

• The Immoral Traffic (Prevention) Act, 1956 (ITPA) is the premier legislation for the prevention of trafficking for commercial sexual exploitation.
• Criminal Law (Amendment) Act 2013 provides for comprehensive measures to counter the menace of human trafficking including the trafficking of children.
• Protection of Children from S11xual offenses (POCSO) Act,2012
• Other specific legislation such as Prohibition of Child Marriage Act,2006, Bonded Labour System (Abolition) Act,1976.

Source: The Hindu

10.International Conversation 

• India has ratified the  United  Nations Convention on Transnational  Organised  Crime which has as one of its Protocols Prevention, Suppression and Pu nishmentofTrafficking in Persons, particularly Women and Children.
• India has ratified the SAARC Convention on Preventing and Combating Trafficking in Women and Children for Prostitution.

Source: The Hindu

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