lecture 13 - edutap.co.in · • employee's state insurance is a self-financing social...
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A Video series by EduTap
LECTURE 13
Fast Track series for RBI Gr B and NABARD Gr A 2019
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Fast Track series for RBI Gr B and NABARD Gr A 2019
What will this series cover?
Economics and Social Issues (ESI) Current Affairs for RBI and NABARD 2019
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Finance Current Affairs for RBI and NABARD 2019
Agriculture and Rural Development (ARD) in news for NABARD 2019 Covered separately in ARD in news videos
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TOPIC
ESI in news
October 7th – 9th (2018)
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National Housing Bank
• National Housing Bank (NHB) is a wholly owned subsidiary of Reserve Bank of India (RBI)
• It was set up on 9 July 1988 under the National Housing Bank Act, 1987
• NHB is an apex financial institution for housing
• It has an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith
• As a regulator, National Housing Bank regularly monitors the liquidity position of Housing Finance Companies
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• The Intergovernmental Panel on Climate Change (IPCC) is the UN body for assessing the science related to climate change
• It was established by the United Nations Environment Programme (UNEP) and the World Meteorological Organization (WMO) in 1988
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Key Highlights of the Report
• The IPCC report highlights a number of climate change impacts that could be avoided by limiting global warming to 1.5ºC compared to 2ºC, or more
• According to the report , by 2100, global sea level rise would be 10 cm lower with global warming of 1.5°C compared with 2°C
• The report finds that limiting global warming to 1.5°C would require “rapid and far-reaching” transitions in land, energy, industry, buildings, transport, and cities
• Global net human-caused emissions of carbon dioxide (CO2) would need to fall by about 45 percent from 2010 levels by 2030, reaching ‘net zero’ around 2050
• The likelihood of an Arctic Ocean free of sea ice in summer would be once per century with global warming of 1.5°C, compared with at least once per decade with 2°C
• Coral reefs would decline by 70-90 percent with global warming of 1.5°C, whereas virtually all (> 99 percent) would be lost with 2ºC
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Uttarakhand is being considered as an ideal destination for investment. The scope of tourism, health & wellness industry was immense in the state
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The award recognizes the measures taken by ESIC for :
1. extension of coverage of SPREE (Scheme for Promoting Registration of Employers and Employees) : Scheme to promote
Registration of Employers/Employees.
2. reduced rate of contribution rates for 24 months in newly implemented areas
3. raising the wage limit for coverage under the ESI Act, etc
The Regional Social Security Forum for Asia and the Pacific is a triennial Forum, which is the most important social
security event in the Region.
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ESIC
• Employee's State Insurance is a self-financing social security and health insurance scheme for Indian workers
• This fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated there in the ESI Act 1948
• ESIC is an autonomous corporation by a statutory creation under Ministry of Labour and Employment, Government of India
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TOPIC
Finance in news
October 7th – 9th (2018)
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• As part of efforts to cut down gold imports and lower the current account deficit, the government has launched the Sovereign Gold Bond Scheme FY19
• The scheme offers the incentives of 2.5% interest rate and capital gains tax exemption on redemption
• Gold and crude oil have played a role in India’s widening current account deficit
• The government has chosen not to increase import duty on gold while raising duty on non-essential imports , in the month of September , to narrow the current account deficit, fearing a surge in gold smuggling
• India’s gold imports were pegged a $33.7 billion in FY18
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MCQs
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Q1. Which of the following is the apex institution for housing finance?
a) NABARD
b) RBI
c) NHB
d) SIDBI
e) SBI
MCQs
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Q2. According to the recently released report by IPCC , carbon dioxide (CO2) emission by humans would need to reduce to _______ by 2050 from the levels of 2010 ?
a) 50 %
b) 10 %
c) 30 %
d) net zero
e) 45 %
MCQs
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Q3. Which of the following has recently won the ISSA good practice award for administrative solution for coverage extension?
a) ESIC
b) NASSCOM
c) LIC
d) NITI Aayog
e) None of the above
MCQs
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Q4. Which of the following are not authorized to sell Sovereign Gold Bonds – 2018-19?
a) Banks
b) National stock Exchange
c) Designated Post Offices
d) Payment Banks
e) Bombay Stock Exchange
MCQs
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MCQs
Solutions
Q1. - c
Q2. - d
Q3. - a
Q4. - d
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