PRELIMS CURRENT

AFFAIRS
21st SEPTEMBER 2018
Intergenerational Mobility
Poverty
Small Savings Scheme
Quick Bites
Society
 A Study on Intergenerational Mobility

Inter-generational Mobility — change of status across generations

Muslims biggest losers in intergenerational Mobility Index — Mobility levels

for African Americans in US are better than those for Muslims in India

SCs & STs have done better and upper castes and OBCs remain where they are

South India is more inclusive, as is urban India and education acts as a booster
of prospects

While India’s growth has made almost everyone a lot better off, it has not
changed the rate of churn at all — if you started at bottom, you’re just as likely
to finish at bottom as you would have in 1950s

Conclusion : little inter-generational mobility and it hasn’t changed even after

economic liberalisation
 Poverty in India

Multidimensional poverty index by UNDP and

oxford poverty & human development initiative

Observed that 271 mn people moved out of

poverty in the time period of 2005-06 to 2015-16

Countries poverty rate nearly halved (55% to 28%)

Geography
Korean Peninsula

Task

Panmunjom

DMZ
 Cyclone Daye

Why cyclones occur more frequently in Bay of Bengal as

compared to Arabian Sea?

Comparatively higher temperature of water

Remnants of Typhoons from South China Sea, Pacific Ocean

(provide initial Vorticity)

Sluggish winds

More freshwater inflow

Cyclones move from East to West (away from Arabian Sea)

Economy
 Small Savings Schemes

Public Provident Fund, National Savings Certificate and

Kisan Vikas Patra, Monthly Income Scheme

Interest rates of all small saving schemes are linked to

gov bond yields and are recalibrate on quarterly basis

National Small Savings Fund (NSSF) (1999)

Under Public Account of India

Collections from all small savings schemes by depositors

are made out of this fund
 National Company Law Tribunal

Quasi-judicial body

est. under Companies Act 2013, based on

recommendations of Justice Eradi committee

11 branches, HQ at New Delhi

Has power to wind up companies

 Inter-Creditor agreement

Document signed between 2 or more

creditors, stipulating in advance how their
competing interests are resolved and how to
work in tandem in service to their mutual
borrower
Quick Bites
 Plogging : Jogging and picking up litter

Pompe Disease : a.k.a Glycogen storage disease

type II, is an autosomal recessive metabolic
disorder which damages muscle and nerve cells
throughout body