MICS CURRENT AFFAIRS 1st FEB 2018

1 . Third  Scorpene-class  submarine – INS Karanj  Launched 

The third Scorpene class submarine constructed by Mazagon Dock Shipbuilders Limited for the Indian Navy, has been launched .

Last year, on 14 December 2017, INS Kalvari, the first Scorpene class submarine was commissioned into the Indian Navy . Khanderi, the second Scorpene class submarine was launched in January 2017, and is currently undergoing the rigorous phase of sea trials and is also scheduled to be delivered shortly.

FEATURES OF INS KARANJ
Superior stealth features

The state-of- the-art technology utilised for construction of the Scorpene class submarines has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels and hydro-dynamically optimized shape.

The stealth of this potent platform is enhanced by the special attention given to various signatures. These stealth features give it an invulnerability, unmatched by most submarines.

Attack features

It has the ability to launch a crippling attack on the enemy using precision guided weapons . The attack can be launched with both torpedoes and tube launched anti-ship missiles, whilst underwater or on surface.

Multifarious  missions

Scorpene submarines can undertake multifarious types of missions i.e Anti-Surface warfare, Anti-Submarine warfare, intelligence gathering, mine laying, area surveillance etc. The submarine is designed to operate in all theatres, with means provided to ensure interoperability with other components of a Naval Task Force.

ABOUT SCORPENE- CLASS SUBMARINE

The Scorpène-class submarines are a class of diesel-electric attack submarines jointly developed by the French Direction des Constructions Navales (DCN) and the Spanish company Navantia, and now by DCNS. It features diesel propulsion and an additional air-independent propulsion (AIP).

Project 75 Kalvari-class submarine

In 2005, India chose the Scorpène design; purchasing six submarines for ₹230 billion  under Project 75 (P75).

Project 75I-class submarine

The Project 75I-class submarine is a follow-on of the Project 75 Kalvari-class submarine for the Indian navy. Under this project, the Indian Navy intends to acquire 6 diesel-electric submarines, which will also feature advanced Air-independent propulsion (AIP) systems to enable them to stay submerged for longer duration and substantially increase their operational range.

 

2 . First Revised Estimates of National Income and Consumption Expenditure,  2016-17 released 

1 . Gross Domestic Product

Nominal GDP or GDP at current prices for the year 2016-17 is estimated as Rs. 152.54 lakh crore while that for the year 2015-16 is estimated as Rs. 137.64 lakh crore, exhibiting a growth of 10.8 per cent during 2016-17 as against 10.4 per cent during 2015-16.

Real GDP or GDP at constant (2011-12) prices for the years 2016-17 and 2015-16 stands at Rs. 121.96 lakh crore and Rs. 113.86 lakh crore, respectively, showing growth of 7.1 per cent during 2016-17 and 8.2 per cent during 2015-16.

2 . Gross Value Added (GVA)

At the aggregate level, nominal GVA at basic prices increased by 10.1 per cent during 2016-17 as against 9.2 per cent during 2015-16. In terms of real GVA, i.e., GVA at constant (2011-12) basic prices, there has been a growth of 7.1 per cent in 2016-17, as against growth of 8.1 per cent in 2015-16.

The growth in real GVA during 2016-17has been lower than that in 2015-16 mainly due to lower growth in ‘manufacturing’ (7.9%), ‘construction’ (1.3%), ‘transport, storage, communication & services related to broadcasting’ (4.3%), ‘trade, repair, hotels and restaurants’ (8.9%), ‘financial services’ (1.3%) and‘real estate, ownership of dwelling & professional services’ (8.0%).

3 . Net National Income

Nominal Net National Income (NNI) at current prices for the year 2016-17 stands at Rs. 134.9 lakh crore as against Rs. 121.5 lakh crore in 2015-16, showing an increase of 11.0 per cent during 2016-17 as against an increase of 10.7 per cent in the previous year.

4 . Gross National Disposable Income

Gross National Disposable Income (GNDI) at current prices is estimated as Rs. 154.6 lakh crore for the year 2016-17, while the estimate for the year 2015-16 stands at Rs. 140.2 lakh crore, showing a growth of 10.3 per cent as against 10.2 per cent in the year 2015-16.

5 . Saving

Gross Saving during 2016-17 is estimated as Rs. 45.73 lakh crore as against Rs. 43.02 lakh crore during 2015-16. Rate of Gross Saving to GNDI for the year 2016-17 is estimated as 29.6 per cent as against 30.7 per cent, estimated for 2015-16.

The highest contributor to Gross Saving is the household sector, with a share of 54.2 per cent in the year 2016-17. However, this share has declined from 56.9 per cent in 2015-16. This decline can be attributed to decline in households gross financial savings, which has declined from Rs. 15.21 lakh crore in 2015-16 to Rs. 14.05 lakh crore in 2016-17.

On the other hand, the share of Non-Financial Corporations and Financial Corporations have increased from 39.8 per cent in 2015-16 to 41.0 per cent in 2016-17 and 6.8 per cent in 2015-16 to 7.3 per cent in 2016-17, respectively.

6 . Capital Formation

Gross Capital Formation (GCF) at current prices is estimated as Rs. 46.71 lakh crore for the year 2016-17 as compared to Rs. 44.42 lakh crore during 2015-16. The rate of GCF to GDP declined from 32.3 per cent during 2015-16 to 30.6 per cent in the year 2016-17.

In terms of the share to the total GCF (at current prices), the highest contributor is Non-Financial Corporations. However, its share has declined from 56.0 percent in 2015-16 to 55.1 percent in 2016-17(Statement 9).

The rate of Gross Capital Formation to GDP at constant (2011-12) prices has decreased from 34.5 per cent in 2015-16 to 33.5 per cent in 2016-17.

7 . Consumption Expenditure

Private Final Consumption Expenditure (PFCE) at current prices is estimated at Rs. 90.05 lakh crore for the year 2016-17as against Rs. 80.91 lakh crore in 2015-16. In relation to GDP, the rates of PFCE at current prices during 2015-16 and 2016-17 are estimated at 58.8 per cent and 59.0 per cent respectively.

At constant (2011-12) prices, the PFCE is estimated as Rs. 63.51 lakh crore and Rs. 68.12 lakh crore, respectively for the years 2015-16 and 2016-17. The corresponding rates of PFCE to GDP for the years 2015-16 and 2016-17 are 55.8 per cent and 55.9 per cent respectively.

Government Final Consumption Expenditure (GFCE) at current prices is estimated as Rs. 16.64 lakh crore for the year 2016-17 as against Rs. 14.28 lakh crore during 2015-16. At constant (2011-12) prices, the estimates of GFCE for the years 2015-16 and 2016-17 stand at Rs. 11.25 lakh crore and Rs. 12.62 lakh crore respectively.

8 . Estimates at per capita level

Per Capita Income, i.e., Per Capita Net National Income at current prices, is estimated as Rs. 94,731 and Rs. 1,03,870 respectively for the years 2015-16 and 2016-17. Correspondingly, Per Capita PFCE at current prices, for the years 2015-16 and 2016-17 is estimated at Rs. 63,065 and Rs. 69,322 respectively.

 

3 . Letters of Intent Under ‘Adopt a Heritage’ Project Handed over to 17 Agencies for 62 Monuments

Under “Adopt a Heritage: Apni Dharohar, Apni Pehchaan” project, Letters of Intent for 40 monuments to 9 agencies of Phase-II and Letters of Intent for 22 monuments to 8 agencies of Phase-III have been handed over by the Minister of Culture and the Minister of Tourism.

Ministry of Tourism in collaboration with Ministry of Culture and Archaeological Survey of India (ASI), State/UTs Governments and Local bodies launched “Adopt a Heritage: Apni Dharohar, Apni Pehchaan” project to preserve the rich cultural and natural heritage and to promote tourism across the length and breadth of our country.

“Adopt a Heritage: Apni Dharohar, Apni Pehchaan” project

The scheme was launched on World Tourism Day i.e. 27thSeptember, 2017.

Background

The heritage sites are facing common challenges primarily related to the creation and operations and maintenance of the various infrastructural as well as service assets. There is a need to develop a robust mechanism for the provision of basic amenities on an immediate basis and advanced amenities on a long term basis.

Vision

This project is envisioned to synergize with other Infrastructure development schemes in collaboration with Ministry of Culture and other Ministries, with the idea of positioning tourism as a driving force for targeting more Foreign Tourist Arrivals as well as Domestic Tourist Arrivals, building synergy in the development of amenities across the identified heritage sites, enhancing overall tourist experience and economic development of the region.

Objectives

Objectives of the project are to:
• Develop basic tourism infrastructure in and around heritage monuments and any other tourist sites.
• Inclusive tourist experience for heritage site / monument or tourist site.
• Promote cultural and heritage value of the country to generate livelihoods of local communities of respective heritage site / monument/ tourist site.
• Enhance the tourist attractiveness in a sustainable manner by developing world class infrastructure at heritage site / monument or tourist site.
• Create employment through active involvement of local communities.
• Harness tourism potential for its multiplier effects in employment generation and economic development.
• Develop sustainable tourism infrastructure and ensuring proper Operations and Maintenance therein.

 

4 . Soumitra Chatterjee receives the Legion of Honour

Image result for French honour for Soumitra Chatterjee

Veteran Bengali actor Soumitra Chatterjee has received the Legion of Honour, the highest French civilian award, 30 years after his mentor and renowned filmmaker Satyajit Ray was conferred with the same.

Ambassador of France to India Alexandre Ziegler conferred the insignia of Knight of the Legion of Honour (Chevalier de la Légion d’Honneur), the highest French civilian distinction, on Soumitra Chatterjee for his contribution to cinema .

Soumitra Chatterjee has acted in more than 110 films cutting across various languages including 14 films directed by Satyajit Ray.