Daily Current Affairs / 17th January 2019

Global Risks Report 

Published annually by the World Economic Forum.

  • The report describes changes occurring in the global risks landscape (geopolitical and geo-economical) from year to year and identifies global catastrophic risks.
  • It also explores the interconnectedness of risks and considers how the strategies for the mitigation of global risks might be structured.

Conclusion

The five main threats determined by the Survey are

  • changing weather,
  • increasing cyber dependency,
  • growing polarisation of societies,
  • soaring revenue and prosperity disparity, and
  • growing nationwide sentiment.

Environmental degradation is the long-term possibility that defines the present age and four of the best 5 most impactful worldwide hazards in 2019 becoming relevant to climate.

Rapidly evolving cyber and technological threats are the most major prospective blind places.

Source: World Economic Forum (Click here)

UNNATI- UNispace Nanosatellite Assembly & Training programme of ISRO
  • A capacity building programme on nanosatellite development is an ISRO initiative to commemorate the 50th anniversary of the first United Nations Conference on the Exploration and Peaceful Uses of Outer Space (UNISPACE+50).
  • It provides opportunities to the participants from developing countries to strengthen their capabilities in assembling, integrating and testing of nanosatellites.
  • It is planned to be conducted for 3 years by U.R. Rao Satellite Centre of ISRO in 3 batches and will target to benefit officials of 45 countries.

Source: PIB (Click here)

Collegium system of appointment of judges

The Supreme Court Collegium is the panel of judges vested with the responsibility of appointments and elevations of Chief Justices and judges of the Supreme Court and high courts of the country.

The Collegium for the appointment of Judges of Supreme Court is headed by the Chief Justice of India and comprises of the four other senior-most judges of the Supreme Court. The decisions of the collegium are made through voting and the majority view prevails in case of difference of opinion.

Constitutional Provisions for the Appointment of Judges:

  • Article 124(2) – It provides that the Judges of the Supreme Court are appointed by the President after consultation with the number of the Judges of the Supreme Court and of the High Courts in the States as the President may deem necessary for the purpose.
  • Article 217 – The Judge of a High Court shall be appointed by the President consultation with the Chief Justice of India, the Governor of the State, and, in the case of appointment of a Judge other than the Chief Justice, the Chief Justice of the High Court.

How Collegium came into existence?

The system of appointment and transfer of judges by collegium has evolved through judgments of the Supreme Court, and not by an act of the Parliament or by a provision of the Constitution, which are famously referred as Third Judges Case.

First Judges Case, 1980 – the Supreme Court had declared that there was no need to provide primacy for the opinion of the Chief Justice of India while recommending a candidate to the President.

Second Judges Case, 1993 – This judgment was over-ruled in 1993 when the nine-judge bench evolved the Collegium System of appointment of Judges to include the Chief Justice and two senior most Judges.

Third Judges Case,1998 – Consultation means concurrence of the collegium to the president. Increased the number of Judges in collegium from two to four Judges.

Source: Click here

Small Farmers’ Agri-Business Consortium (SFAC)

The Government established Small Farmers’ Agri-Business Consortium (SFAC) as a Society in 1994 to facilitate agri-business ventures by catalyzing private investment through Venture Capital Assistance (VCA) Scheme in close association with financial institutions.

Why in news:
Union Minister of Agriculture & Farmers Welfare has said that the role of SFAC is commendable in realizing the vision of doubling farmers’ income by 2022.

About SFAC:

  • Promote Agri-Business by encouraging institutional and private sector investments and linkages to ensure the empowerment of all farmers in the country.
  • Link small farmers to technology as well as to the markets in association with private, corporate or cooperative sector and if necessary, by providing backwards and forward linkages.

The main functions of SFAC are:

  • Promotion of development of small agribusiness through VCA scheme;
  • Helping formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs);
  • Improving availability of working capital and development of business activities of FPOs/FPCs through Equity Grant and Credit Guarantee Fund Scheme;
  • Implementation of National Agriculture Market (e-NAM) Electronic Trading platform.

Source: PIB (Click here)

Election Commission of India launches Voter Awareness Forums(VAFs) across the country

  • The objective of the Voter Awareness Message boards is to boost informed and moral electoral participation.
  • The VAFs will aid customers to check out their names and aspects on the electoral roll by way of on the net NVSP portal of the ECI and the voter helpline variety –1950.