28 August 2017-Current Affairs

  1. ‘JAM’ will end exclusion: Jaitley
  2. Ocean forecasting system unveiled
  3. Under-employment severe in India: NITI
  4. Why does the 2022 target for rooftop solar seem ambitious?

  1. ‘JAM’ will end exclusion: Jaitley
  • JAM is nothing short of a social revolution because it has brought together financial inclusion (PMJDY), biometric identification (Aadhaar) and mobile telecommunications, Finance Minister Arun Jaitley
  • About 52.4 crore unique Aadhaar numbers are linked to 73.62 crore accounts in India
  • Every month now, about seven crore successful electronic payments are made by the poor using their Aadhaar identification
  • The poor will have access to financial services and be cushioned against life’s major shocks. Government finances will be improved because of the reduced subsidy burden; at the same time, government will also be strengthened because it can transfer resources to citizens faster and more reliably and with less leakage
  • The government now makes direct transfers worth Rs. 74,000 crore to the financial accounts of 35 crore beneficiaries annually under various government schemes such as PAHAL, MNREGA, old age pensions and student scholarships.
  • As of March 2014, women constituted about 28% of all savings accounts. As of March 2017, according to data from top 40 banks and regional rural banks, women’s share has risen to about 40%

Reference

http://www.thehindu.com/todays-paper/tp-national/jam-will-end-exclusion-jaitley/article19572550.ece


 

  1. Ocean forecasting system unveiled

  • The Indian National Centre for Ocean Information Services (INCOIS) of the Ministry of Earth Sciences here inaugurated the Ocean Forecasting System for Comoros, Madagascar, and Mozambique at the third Ministerial Meeting of Regional Integrated Multi-Hazard Early Warning System for Asia and Africa (RIMES)
  • The ocean forecast and early warning services were most essential for safe navigation and operations at sea and the blue economic growth of many of these Indian Ocean rim countries and island nations.

Reference

http://www.thehindu.com/todays-paper/tp-national/ocean-forecasting-system-unveiled/article19572536.ece


  1. Under-employment severe in India: NITI
  • NITI Aayog has said that not unemployment but a “severe under-employment” is the main problem facing the country.  Under-employment is the condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs inadequate with respect to their training or economic needs
  • Contrary to some assertions that India’s growth has been ‘jobless’, the Employment Unemployment Surveys (EUS) of the National Sample Survey Office have reported low and stable rates of unemployment over more than three decades.
  • What is needed is the creation of high-productivity, high-wage jobs
  • Chinese wages rising are due to an ageing workforce and many labour-intensive sectors in that country.With its large workforce and competitive wages, India would be a natural home for these firms.The time for adopting a manufactures— and exports—based strategy could not be more opportune
  • The Aayog recommended the creation of a handful of Coastal Employment Zones, which may attract multinational firms in labour-intensive sectors from China to India.
  • Making a case for reforming labour laws, the Aayog noted that recently fixed-term employment has been introduced in the textiles and apparel industry.

Reference

  1. http://www.thehindu.com/todays-paper/tp-national/under-employment-severe-in-india-niti/article19572553.ece

  1. Why does the 2022 target for rooftop solar seem ambitious?
  • The government has set itself a target of 100 GW of solar power by 2022, of which 60 GW is to come from utilities and 40 GW from rooftop solar installations. While the 60 GW target seems achievable, the country is lagging behind on the target set for rooftop solar.
  • What is rooftop solar?
    • Rooftop solar installations can be installed on the roofs of buildings. As such, they fall under two brackets: commercial and residential
  • What are the benefits?
    • Provides companies and residential areas the option of an alternative source of electricity to that provided by the grid.
    • Environmental benefits, since it reduces the dependence on fossil-fuel generated electricity
    • Solar power can also augment the grid supply in places where it is erratic.
    • Provides electricity to those areas that are not yet connected to the grid — remote locations and areas where the terrain makes it difficult to set up power stations and lay power lines.
  • Why is it not being adopted widely?
    • the efficiency of the solar panels vary on any given day depending on how bright the sunlight is
    • Produce no electricity during the night when off-grid locations most need alternative sources of electricity. Storage technology for electricity is still underdeveloped and storage solutions are expensive. Most residential customers will find the cost of installing both rooftop solar panels and storage facilities prohibitive.
    • if the roof is being used for solar generation, then it cannot be used for anything else
    • the current electricity tariff structure renders it an unviable option.
    • Many states have adopted a net metering policy, which allows disaggregated power producers to sell excess electricity to the grid. However, the subsidised tariffs charged to residential customers undermine the economic viability of installing rooftop solar panels. The potential profit simply does not outweigh the costs.
    • Bright spots
      • Imports of cheap solar panels are continuously placing a downward pressure on prices
      • Commercial applications of rooftop solar are already viable in most states.

Reference

http://www.thehindu.com/todays-paper/tp-business/why-does-the-2022-target-for-rooftop-solar-seem-ambitious/article19572497.ece