2 March 2019

Finance Commission of India;-
~ is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.
•Chairman of the Commission is selected from among persons who have had experience in public affairs, with the four other members
•States with lower per capita income may be given a higher share to maintain equity among states
Deendayal Disabled Rehabilitation Scheme
~To create an enabling environment to ensure equal opportunities, equity, social justice and empowerment of persons with disabilities.
•approach of this Scheme is to provide financial assistance to voluntary organizations to make available the whole range of services necessary for rehabilitation of persons with disabilities
Regional Comprehensive Economic Partnership (RCEP);-{b/w ASEAN+6}
~aims to boost goods trade by eliminating most tariff & non-tariff barriers — a move that is expected to provide the region’s consumers greater choice of quality products at affordable rates
•If India is out of the RCEP, it would make its exports price uncompetitive with other RCEP members’ exports
[7th RCEP Inter-Sessional Ministerial Meeting is being held in Cambodia]
payment aggregator system ‘IRCTC iPay’;-{launched by Indian Rail Catering and Tourism Corporation (IRCTC)}
~The exclusive digital payment gateway will provide better digital experience and improved online digital payment convenience to rail passengers availing online travel-related services through the website.
EASE (Enhanced Access and Service Excellence) reform index;-{is prepared by the Indian Banking Association (IBA) and Boston Consulting Group.& commissioned by the Finance Ministry}
~It is a framework that was adopted last year to strengthen public sector banks, and rank them on metrics such as responsible banking, financial inclusion, credit offtake and digitisation.
ARTEMIS Mission;-{by NASA}
~In this new mission scientists look to learn more about the Earth-moon Lagrange points, the solar wind, the Moon’s plasma wake and how the Earth’s magnetotail and the moon’s own weak magnetism interact with the solar wind.
•It suggests that the solar wind and the Moon’s crustal magnetic fields work together to give the Moon a distinctive pattern of darker and lighter swirls.
Atmospheric Waves Experiment (AWE);-{again by NASA}
~It will be launched in August 2022 and will be attached to exterior of Earth-orbiting International Space Station (ISS).
•Objective of AWE is to study and focus on airglow, a colourful bands of light in Earth’s atmosphere to determine what combination of forces drive space
Order on surveillance meant to protect privacy, govt. tells SC
~order aims to restrict the exercise of powers, removing a possible vagueness and specifying the agencies/organisations who only would have the powers to utilise the powers of section 69 of the Act.
•As Ministry of Home Affairs (MHA), in December 2018, issued an order authorising ten security and intelligence agencies of the country to access any information stored in any computer for the purpose of monitoring, decrypting and interception.
Usha Thorat Panel on offshore rupee markets
~RBI has constituted a panel under the former deputy governor Usha Thorat to examine issues related to offshore rupee markets and recommend policy measures to ensure the stability of the external value of the domestic currency
Mainamati Maitree Exercise 2019;{Indo- Bangladesh}
~Border Security Force (BSF) and Border Guards Bangladesh (BGB) recently concluded a three-day ‘Mainamati Maitree Exercise 2019’ as a part of ‘Confidence Building Measures’ between the two border guards.
•to plan and conduct anti-smuggling and anti-criminal activity related operations 


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