{"id":56941,"date":"2020-03-07T21:00:23","date_gmt":"2020-03-07T15:30:23","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?p=56941"},"modified":"2020-03-11T17:54:40","modified_gmt":"2020-03-11T12:24:40","slug":"9-pm-current-affairs-brief-march-7th-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-march-7th-2020\/","title":{"rendered":"9 PM Current Affairs Brief \u2013 March 7th, 2020"},"content":{"rendered":"<p><a href=\"https:\/\/economictimes.indiatimes.com\/news\/defence\/india-joins-indian-ocean-commission-as-observer-bolstering-indo-pacific-vision\/articleshow\/74518307.cms\"><b>India joins Indian Ocean Commission as observer\u00a0<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">India has joined the Indian Ocean Commission(IOC) as an observer state.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About Indian Ocean Commission(IOC):<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is an intergovernmental organization that was created in 1982 at Port Louis,Mauritius and institutionalized in 1984 by the Victoria Agreement in Seychelles.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Member States:<span style=\"font-weight: 400;\">Comoros, Madagascar, Mauritius, R\u00e9union (an overseas region of France) and Seychelles.<\/span><\/b><\/li>\n<\/ul>\n<ul>\n<li>Observer States: <span style=\"font-weight: 400;\">China, Malta, European Union, International Organisation of La Francophonie(OIF) and now India.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>Objectives of IOC:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Political, diplomatic, economic and commercial cooperation<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Sustainable development in a globalisation context, cooperation in the field of agriculture, maritime fishing and the conservation of resources and ecosystems<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Strengthening of the regional cultural identity, cooperation in cultural, scientific, technical, educational and judicial fields.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.thehindubusinessline.com\/news\/variety\/no-country-in-the-world-with-gender-equality-90-people-biased-against-women-undp-report\/article31000648.ece\"><b>Gender Social Norms Index(GSNI)<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The United Nations Development Programme(UNDP) has released the Gender Social Norms Index(GSNI).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About the index:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The index measures how social beliefs obstruct gender equality in areas like politics, work and education.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It contains data from 75 countries covering over 80 percent of the world\u2019s population.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Key takeaways from the index:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Only 24% of parliamentary seats worldwide are held by women and there are only 10 female heads of government out of a possible 193. About 50% of the world\u2019s men and women feel that men make better political leaders.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About UNDP:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The United Nations Development Programme (UNDP) is the UN\u2019s global development network established in 1965.It is headquartered in New York,US.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The various reports published by UNDP are a) Gender inequality index b) Human Development Index(HDI) among others.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/sebi-launches-app-for-lodging-investor-grievances\/articleshow\/74496859.cms\"><b>SCORES mobile app<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Securities and Exchange Board of India(SEBI) has launched SCORES mobile application for lodging investor grievances.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About the app:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SCORES stands for Sebi Complaints Redress System (SCORES).Its web portal was launched in the year 2011.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The platform allows investors to lodge their complaints online with SEBI pertaining to securities market against listed companies, SEBI registered intermediaries and SEBI recognised market infrastructure institutions.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About SEBI:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Securities and Exchange Board of India (SEBI) was established in 1992 in accordance with the provisions of the Securities and Exchange Board of India Act,1992 (SEBI Act).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The basic functions of the SEBI is to protect the interests of investors in securities and to promote and regulate the securities market.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1605406\"><b>Solar Charkha Mission<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">Recently, the Minister for Micro, Small &amp; Medium Enterprises has given information about the subsidies provided under the Solar Charkha Mission.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About the mission:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Launched in 2018 by the Ministry of Micro Small &amp; Medium Enterprises (MSME).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is implemented by the Khadi and Village Industries Commission (KVIC).<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Objectives of the mission:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To ensure inclusive growth by the generation of employment, especially for women and youth, and sustainable development through solar charkha clusters in rural areas.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To boost the rural economy and help in arresting migration from rural to urban areas.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To leverage low-cost, innovative technologies and processes for sustenance.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/m.timesofindia.com\/articleshow_comments\/74520535.cms\"><b>SC order paves way for faster land acquisition,reduced litigation\u00a0<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The Supreme Court has held that proceedings under the Land Acquisition Act 1894 will not lapse if the compensation has been tendered by deposit in treasury.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>What was the issue?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The issue was the interpretation of Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.This act had replaced the colonial 1894 land acquisition law.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Section 24(2) states that in case of land acquisition proceedings, if a developer fails to take possession of land acquired under the old laws for five years or if compensation is not paid to the owner,the land acquisition process would lapse.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The process would then have to be re-initiated under 2013 Act which would allow the owner to get better compensation.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>About the Judgement:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The court has ruled that the compensation would be considered paid if the amount is put in the Treasury.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There was no obligation that the amount should be deposited in the court in order to sustain the land acquisition proceedings under the 2013 Act.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Hence,the landowners who had refused to accept the compensation under the earlier Act cannot take benefit of deemed lapse of acquisition under Section 24 of the new act of 2013.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=1605421\"><b>North East Venture Fund(NEVF)<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">The Government has informed the Parliament that North East Venture Fund(NEVF) has disbursed over Rs.18 crore to 12 start-ups till February,2020.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About NEVF:<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Launched in 2017 by the North Eastern Development Finance Corporation Limited(NEDFi) in association with the Ministry of Development of North Eastern Region(M-DoNER).<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Aim:<span style=\"font-weight: 400;\">To contribute to the entrepreneurship development of the NER and achieve attractive risk-adjusted returns through long term capital appreciation by way of investments in privately negotiated equity related investments.<\/span><\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It focuses on startups in five sectors namely\u00a0 a) food processing b) healthcare c) tourism d) aggregation of services and e) IT and IT-enabled services.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is a close ended fund with capital commitment of Rs 100 crore.Each investment will be limited to a minimum of Rs.25 lakh and a maximum of Rs.10 crores with long term investment horizon of 4-5 years.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About NEDFi:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">North Eastern Development Finance Corporation Ltd (NEDFi) was incorporated as a public limited company under the Companies Act, 1956 in 1995.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is also categorized as Non-Banking Financial Company(NBFC)-Loan Company and was registered with the Reserve Bank of India (RBI) in 2002.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.news18.com\/news\/india\/female-labour-force-participation-in-india-dropped-from-34-in-2006-to-24-8-in-2020-study-2528887.html\"><b>Female Labour-force in India Down from 34% to 24%:UN Study<\/b><\/a><\/p>\n<p><b>News:<\/b><span style=\"font-weight: 400;\">United Nations Global Compact(UNGC) has released a study on women\u2019s participation in India\u2019s labour force.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Facts:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Key Highlights of the Study:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India is the only country among the 153 surveyed countries where the economic gender gap is larger than the political gap.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Female labour-force participation in India has declined from 34% in 2006 to 24.8% in 2020.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Raising women\u2019s participation in the labour force to the same level as men can boost India\u2019s GDP by 27%.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Additional information:<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>About UNGC:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The United Nations Global Compact is a non-binding United Nations pact formed in 2000.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It aims to encourage companies worldwide to adopt sustainable and socially responsible policies based on 10 principles categorised into human rights, anti-corruption, environment and labour.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India joins Indian Ocean Commission as observer\u00a0 News:India has joined the Indian Ocean Commission(IOC) as an observer state. &nbsp; Facts: &nbsp; About Indian Ocean Commission(IOC): It is an intergovernmental organization that was created in 1982 at Port Louis,Mauritius and institutionalized in 1984 by the Victoria Agreement in Seychelles. &nbsp; Member States:Comoros, Madagascar, Mauritius, R\u00e9union (an&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-march-7th-2020\/\">Continue reading <span class=\"screen-reader-text\">9 PM Current Affairs Brief \u2013 March 7th, 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-56941","post","type-post","status-publish","format-standard","hentry","category-9-pm-brief","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704941338},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/56941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=56941"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/56941\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=56941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=56941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=56941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}