Daily Current Affairs for UPSC Civil Services Exam – 06 July 2021

Daily Current Affairs for UPSC Civil Services Exam – 06 July 2021

In Today’s News:

  1. ONDC advisory council.
  2. NIPUN Bharat
  3. Purchase of G-Secs by RBI.
  4. India-Africa partnership.

1. ONDC advisory council

News Summary

An advisory council has been constituted to advise the Government on measures needed to design and accelerate the adoption of ONDC. CEO of National Health Authority Shri. Ram Sewak Sharma, Infosys non-Executive Chairman Nandan Nilekani are some of the notable members of the ONDC advisory council.

Prelims GS – Governance/e-Governance

ONDC:
  • Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has initiated a project on Open Network for Digital Commerce (ONDC).
  • The task has been assigned to the Quality Council of India (QCI).
  • ONDC aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
  • ONDC is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics, and enhance value for consumers.

Click here to view the official PIB release.

2. NIPUN Bharat

News Summary

Union Minister for Education, Shri Ramesh Pokhriyal ‘Nishank’ virtually launched a National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN Bharat).

Prelims GS – Governance

NIPUN Bharat:
  • National Initiative for Proficiency in Reading with Understanding and Numeracy is known as NIPUN Bharat.
  • The vision of the NIPUN Bharat Mission is to create an enabling environment to ensure the universal acquisition of foundational literacy and numeracy.
  • NIPUN Bharat is initiated to ensure that every child in the country necessarily attains foundational literacy and numeracy by the end of Grade 3, by 2026-27.
  • It will focus on providing access and retaining children in foundational years of schooling; teacher capacity building; development of high quality and diversified Student and Teacher Resources/Learning Materials; and tracking the progress of each child in achieving learning outcomes.
  • NIPUN Bharat aims to cover the learning needs of children in the age group of 3 to 9 years
  • NIPUN Bharat will be implemented by the Department of School Education and Literacy and a five-tier implementation mechanism will be set up at the National- State- District- Block- School level in all States and UTs, under the aegis of the centrally sponsored scheme of Samagra Shiksha.

Click here to view the official PIB release.

3. Purchase of G-Secs by RBI

News Summary

The RBI has said that the first purchase of Government securities for Rs.20000 crore under the G-Sec Acquisition program will happen on July 8.

Prelims GS – Economic Development

OMO:
  • The RBI manages the liquidity conditions, rupee strength through a tool called Open Market Operations(OMO).
  • OMO is nothing but the sale and purchase of Government Securities.
  • If the liquidity conditions are tight, RBI will purchase Government Securities. This will release liquidity into the market.
  • If there is excess liquidity in the market, then RBI will sell Government Securities. This will suck out the rupee liquidity.
  • Purchasing securities by RBI adds money to the system, making loans easier to obtain and interest rates decline.
  • Selling securities from the RBI’s balance sheet removes money from the system, making loans more expensive and increasing rates.

4. India-Africa partnership

News Summary

Indian-African partnership in Agriculture article is seen in the news.

Mini Insights

Mains GS2 – International Relations:

Future of Indian- African partnership in Agriculture:
  • Indian harmony with African countries in the agriculture sector is expanding.
  • The India-Africa Institute of Agriculture and Rural Development in Malawi, the extension of soft loans, supply of machinery, acquisition of farmlands, and the presence of Indian entrepreneurs in the African agricultural ecosystem are some of the institutional and individual capacity building initiatives included in the India-Africa agricultural cooperation.
  • Proposals are on the cards to create a jointly-owned brand of Africa-Kollam cashews.
  • Indian industries can tap into African agribusiness value chains and Indian technology firms and startups can connect with partners in Africa.

 

 

 

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