KANISHKBIOSCIENCE E -LEARNING PLATFORM - Help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions in your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their static or theoretical background. This helps you study a topic holistically and add new dimensions to every current event to help you think analytically.
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What is asset under management (aum)?
Context:
Heading for a contraction in the current fiscal, the first time in more than a decade, assets under management (AUM) of non-banking financial companies (NBFCs) are set to grow again at a relatively subdued 5-6% next fiscal.
The turnaround will be led by larger entities with stronger parentage.
Challenges ahead:
Despite an estimated GDP growth of 10% next fiscal, the overall NBFC sector growth is likely to be slower because access to funding remains a challenge due to concerns about the impact of the pandemic on asset quality.
Additionally, competition is expected to be more intense from banks which are flush with low-cost deposits and better placed with improved capital buffer than in the previous years.
What are Assets under management?
It measures the total market value of all the financial assets which a financial institution manages on behalf of its clients and themselves.
1 AUM is an indicator of the size and success of a given fund house.
Prelims Link:
- What is AUM?
- Components.
- Positive and negative AUM- impacts.
- What are NBFCs?
- Types of NBFCs.
- Banks vs NBFCs- similarities and differences.
Sources: the Hindu.
Prelims Link:
1 What are exotic species- definition in the advisory?
2 What is CITES?
3 Classification of species under CITES?
4 What is Wildlife (Protection) Act? Species protected under various schedules of this act.
5 As per the new guidelines, what is the procedure to be followed while importing new exotic species?
6 What about the existing species in the country?
7 About chief wildlife warden of the state.
Mains Link:
Discuss the significance of recently issued guidelines for import of exotic species in the country.
Sources: Indian Express.
Facts for Prelims:
What is WHO Pre-qualification?
The Prequalification project, set up in 2001, is a service provided by the World Health Organization (WHO) to facilitate access to medicines that meet unified standards of quality, safety and efficacy for HIV/AIDS, malaria and tuberculosis.
The prequalification process consists of a transparent, scientifically sound assessment, which includes dossier review, consistency testing or performance evaluation and site visits to manufacturers
Context:
A single-dose injectable Typhoid Conjugate Vaccine of Biological E has been pre-qualified by the World Health Organisation, making the vaccine maker one of two pre-qualified suppliers of TCV to UN agencies.
Maharashtra to give film sector industry status:
Maharashtra government has moved to sanction industry status to the film and entertainment sector.
The term ‘industry status’ has not actually been specifically defined in any legislation in India. Conferring industry status basically entails an inclusion in the State/Central industrial policy.
The immediate benefits would be: (i) getting loans with less trouble at lower interest rates; (ii) enabling large investors to be financing partners; (iii) attracting equity investment in the sector; and (iv) enabling developers to refinance their existing debts.
Rules notified to serve warrants in Maldives:
The Ministry of Home Affairs has notified rules for Indian courts to send summons or search warrants to accused persons in the Maldives and wanted in India, as per an agreement signed between the two countries.
MahaSharad:
1 To be launched by Maharashtra Social Justice Department.
2 It is a digital platform which will provide for free the tools required by differently-abled people.
3 MahaSharad stands for Maharashtra System of Health Rehabilitation and Assistance for Divyang.
Articles to be covered tomorrow:
1 New cross-sector initiative for universal health coverage.
2 India is on track to reduce emissions.
3 Delimitation should be based on 2031 Census.
(With input from news agency language) If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure.
Topics Covered: Conservation related issues.
Declare exotic pets, avoid prosecution: how one-time scheme works:
Context:
The Supreme Court has upheld an Allahabad High Court order granting immunity from investigation and prosecution if one declared illegal acquisition or possession of exotic wildlife species between June and December.
What is the government’s voluntary disclosure scheme?
The Ministry of Environment, Forest and Climate Change (MoEFCC) has come out with an advisory on a one-time voluntary disclosure scheme that allows owners of exotic live species that have been acquired illegally, or without documents, to declare their stock to the government between June and December 2020.
What can be the impact?
With this scheme, the government aims to address the challenge of zoonotic diseases, develop an inventory of exotic live species for better compliance under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), and regulate their import.
What kind of exotic wildlife is covered?
The advisory has defined exotic live species as animals named under the Appendices I, II and III of the CITES.
It does not include species from the Schedules of the Wild Life (Protection) Act 1972.
A plain reading of the advisory excludes exotic birds from the amnesty scheme.
CITES:
1 CITES is an international agreement between governments to ensure that international trade in wild animals, birds and plants does not endanger them.
India is a member.
2 Appendices I, II and III of CITES list 5,950 species as protected against over-exploitation through international trade.
3 Many of these animals, such as iguanas, lemurs, civets, albino monkeys, coral snakes, tortoises, are popular as exotic pets in India.
How big a problem is illegal trade of exotic animals in India?
1 The Directorate of Revenue Intelligence (DRI), which enforces anti-smuggling laws, says India has emerged as a big demand centre for exotic birds and animals with an increase in smuggling of endangered species from different parts of the world.
2 Most of this exotic wildlife is imported through Illegal channels and then sold in the domestic market as pets.
cites ;
What are exotic species- definition in the advisory?
1 What is CITES?
2 Classification of species under CITES?
3What is Wildlife (Protection) Act? Species protected under various schedules of this act.
4 As per the new guidelines, what is the procedure to be followed while importing new exotic species?
5 What about the existing species in the country?
6 About chief wildlife warden of the state.
Mains Link:
Discuss the significance of recently issued guidelines for import of exotic species in the country.
Sources: Indian Express.
Facts for Prelims:
What is WHO Pre-qualification?
The Prequalification project, set up in 2001, is a service provided by the World Health Organization (WHO) to facilitate access to medicines that meet unified standards of quality, safety and efficacy for HIV/AIDS, malaria and tuberculosis.
The prequalification process consists of a transparent, scientifically sound assessment, which includes dossier review, consistency testing or performance evaluation and site visits to manufacturers
Context:
A single-dose injectable Typhoid Conjugate Vaccine of Biological E has been pre-qualified by the World Health Organisation, making the vaccine maker one of two pre-qualified suppliers of TCV to UN agencies.
Maharashtra to give film sector industry status:
Maharashtra government has moved to sanction industry status to the film and entertainment sector.
The term ‘industry status’ has not actually been specifically defined in any legislation in India. Conferring industry status basically entails an inclusion in the State/Central industrial policy.
The immediate benefits would be: (i) getting loans with less trouble at lower interest rates; (ii) enabling large investors to be financing partners; (iii) attracting equity investment in the sector; and (iv) enabling developers to refinance their existing debts.
Rules notified to serve warrants in Maldives:
The Ministry of Home Affairs has notified rules for Indian courts to send summons or search warrants to accused persons in the Maldives and wanted in India, as per an agreement signed between the two countries.
MahaSharad:
1 To be launched by Maharashtra Social Justice Department.
2 It is a digital platform which will provide for free the tools required by differently-abled people.
3 MahaSharad stands for Maharashtra System of Health Rehabilitation and Assistance for Divyang.
Articles to be covered tomorrow:
1 New cross-sector initiative for universal health coverage.
2 India is on track to reduce emissions.
3 Delimitation should be based on 2031 Census.
(With input from news agency language) If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure.
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