10 PM Daily Current Affairs Quiz | April 8 2021

Read more : PLI Scheme(Today’s 7 PM)

Statement 1 is correct. SUPACE is an artificial intelligence-based portal. It will make the research work easier for judges, thereby easing their workload.

Statement 2 is incorrect. The portal is not designed to make decisions. It only processes facts and makes them available to judges, looking for input for a decision.

Statement 1 is incorrect. Param Shivay, the first supercomputer assembled indigenously, was installed in IIT (BHU), followed by Param Shakti and Param Brahma at IIT-Kharagpur and IISER, Pune, respectively. 

Statement 2 is incorrect. The network of supercomputers through the country will soon reach to around 16 Petaflops (PF). Phase III, to be initiated in January 2021, will take the computing speed to around 45 Petaflops. 

President of India promulgated Tribunal Reforms (Rationalisation and Conditions of Service) Ordinance 2021.

Purpose of the Ordinance:

• It dissolves at least eight existing appellate tribunals. Now, High Courts and certain other bodies will be the appellate bodies under 9 acts.
• Further, it also amends the Finance Act 2017.

The above-mentioned nine laws where the existing appellate authorities have been replaced are:

1. The Cinematograph Act, 1952.
2. The Trade Marks Act, 1999.
3. The Copyright Act, 1957.
4. The Customs Act, 1962.
5. The Patents Act, 1970.
6. The Airports Authority of India Act, 1994.
7. The Control of National Highways (Land and Traffic) Act, 2002.
8. The Geographical Indications of Goods (Registration and Protection) Act, 1999.
9. Protection of Plant Varieties and Farmers Rights Act,2001.

Asset Reconstruction Company(ARC) is a specialized financial institution. They will buy the Non-Performing Assets (NPAs) from banks and financial institutions. (Statement 1 is incorrect)

They will clean up the balance sheets of banks and financial institutions. This helps banks to concentrate on normal banking activities.

Legal Basis: Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 provides the legal basis for the setting up of ARCs in India. (Statement 2 is incorrect)

Regulated by: ARCs function under the supervision and control of the Reserve Bank of India.

• The term democracy does not denote the western type of democracy in Hong Kong. They follow ‘Democracy with Chinese characteristics.
• Under this concept, democracy stands for more than electoral campaigns, voting etc.
• In Cantonese(a Sino-Tibetan language), These characters are called manzyu. Man means People and zyu means rule. In simple, People’s rule.
• Manzyu can suggest a system in which those who rule(zhu) has to listen and provide for the people(man).
• Under this, Rulers can be more responsive in different ways. Such as listening to protest slogans, reading petitions, and engaging in dialogue with representatives of social groups, etc.

• Association of World Election Bodies(A-WEB) was established in 2013 in South Korea. It is the largest association of Election Management Bodies (EMBs) worldwide.
• Purpose: achieving sustainable democracy around the world.
• Chaired by: A-WEB is currently chaired by India for the 2019-21 term.
• Members: At present A-WEB has 115 EMBs as Members & 16 Regional Associations/Organisations as Associate Members.

• ECI is very closely associated with the process of formation of A-WEB since 2011.

• Secretariat: Seoul, South Korea.
• Programmes: A-WEB undertakes Election Visitor and Observation Programmes in various countries. These programs aim to study various election management practices and share knowledge with other Member of EMBs.

Statement 1 is incorrect. Lok Adalat is one of the alternative dispute redressal mechanisms, it is a forum where disputes/cases pending in the court of law or at pre-litigation stage are settled/ compromised amicably. Lok Adalats have been given statutory status under the Legal Services Authorities Act, 1987.

Statement 2 is incorrect.

Nature of Cases to be Referred to Lok Adalat

1. Any case pending before any court.
2. Any dispute which has not been brought before any court and is likely to be filed before the court.

Provided that any matter relating to an offence not compoundable under the law shall not be settled in Lok Adalat.

Union Minister of Health and Family Welfare and Union Minister of Tribal Affairs launched the Anamaya Initiative — a Tribal Health Collaborative.

About Anamaya Initiative:

• Anamaya is a multi-stakeholder initiative of the Ministry of Tribal Affairs. Piramal Foundation and Bill and Melinda Gates Foundation (BMGF) are supporting it.
• Objectives:

• Anamaya Initiative aims to converge efforts of various Government organizations to improve the health and nutrition status of the tribal communities of India.
• It also aims to build a sustainable health ecosystem that will address the key health challenges of the tribal population.

Read More: Anamaya Initiative

National Policy on Electronics 2019 envisions positioning India as a global hub for Electronics System Design and Manufacturing. The policy aims to address the shortcomings of 2012 National policy on electronics. The policy aims to produce of one billion mobile handsets in India by 2025

Key objectives of National Electronic Policy 2019

• Enable flow of investment and technology leading to higher value addition in the domestically manufactured electronic products,
• Increased electronics hardware manufacturing in the country and their export.
• Generating substantial employment opportunities. Provide support for significantly enhancing availability of skilled manpower in the ESDM sector.
• Develop core competencies in all the sub-sectors of Electronics, including inter-alia Electronic components and Semiconductors, Telecommunication equipment, Medical electronics, Defence Electronics, Automotive electronics, Industrial Electronics, Strategic Electronics, etc., and Fabless Chip Design.
• Facilitate cost effective loans for setting up and expansion of electronics manufacturing units.
• Promote path-breaking research, grass root level innovations and early-stage Start-ups in emerging technology areas to solve real-life problems.
• Enhance understanding of cyber security issues/ concerns, risks and mitigation measures thereof pertaining to electronic products.
• Promote research, innovation and support to industry for green processes and sustainable e-Waste management, including safe disposal of e-Waste in an environment friendly manner, development of e-Waste recycling industry and adoption of best practices in e-Waste management.
• Proactive role of states in promotion of electronics manufacturing by providing conducive environment to promote investments.

Read more: National Policy on Electronics