UPCS DNA, 22nd June, 2014

Challenges post bifurcation for AP9 distts of new state comes under the region prone to cyclone and 4 distts are under rain●

shadow areasIn AP reorganisation act, centre had promised for special package to state required to fill●

the gap of non plan deficit that state would incur because of revenue lossesMajor challenges to new state are coming from issues of construction of new capital city, ●

execution of Polavaram and new infra projectsThere is contention over division of power supply between two states also, since AP govt is●

pulling their hand out of the provision mentioned in the Reorganisation actAlso the instability of political geography for the telugu people have left an scar on their●

psyche(with reference to post independence division from Madras and now again theircapital is changed)

Russia’s turn to China and IndiaPost Ukarainian crisis, west world has shut their doors for oil exports from Russia and Russiais now looking for new customers

China and India are top in line, with proposal of extending pipeline from Russia to China toupto India, Russia is signaling in that direction

Other issues discussed were increasing number of nuclear plants in Kudankulam and sale ofMI-35 to Pakistan

Below is the image showing pipeline route

Bengal’s girl child schemeKanyashree Prakalp, WB govt’s initiative to prevent child marriage specially of girls and toincrease female literacy is highly appreciated at international forums

Provisions of the scheme are:

Annual scholarship of 500 bucks to girl from class 8th to 12th●

One time grant of 25000 for higher studies, once she reaches 18 years of age and is●

unmarriedState has announced 14th august as Kanyashree Divas to mark the scheme and increase●

awareness

Situation again tense in XinJiangZinjiang hasintermittent ethnic violence and riots between Uighurs and majority Han●

communityUighur are an ethnic Turkic muslim group and one of the minority group in China●

ETIM(google it) are the Islamist group behind the attack●

Chinese govt are already continuing their operations against all such extremist group and●

even few scholars who were supporting this movement from behind are under trial

Business newsSebi is mooting multiple ideas to make things investor friendly●

New norms for crowdfunding would be on the table shortly, there are already norms for●

other type of investorse-voting facility would be followed by all listed companies●

Also clarity over tax benefits on investment Real estate infra trusts sought by SEBI from●

govtSEBI also looking for listing SMEs companies to made market access available to them●

Meanwhile, govt has accepted the suggestions of Mayaram commission●

Report suggests that investment of more than 10% from foreign bodies in any company●

should be treated as FDIIf not the investment would be treated as portfolio investment●

Today’s MCQ