30th May 2017 The Hindu and PIB Daily Current Affairs

1)International Day of UN Peacekeepers:- May 29th is the International Day of UN Peacekeepers. The International Day of Peacekeepers serves to honor the memory of UN Peacekeepers who have lost their lives, and pay tribute to all the men and women who have served and continue to serve in UN peacekeeping operations.

The theme for the 2017 International Day of UN Peacekeepers is “Investing in Peace Around the World”.

What is UN Peacekeeping:- United Nations Peacekeeping was created in 1948. 

Its first mission involved the establishment of the UN Truce Supervision Organization (UNTSO), which served to observe and maintain ceasefire during the 1948 Arab-Israeli War.

The UN Peacekeeping Force won the Nobel Peace Prize in 1988.

INDIA's Contribution:- Since late 2005, India has had approximately 8,000 uniformed personnel deployed to UN peacekeeping operations at any one time, making it the third largest contributor during the twenty-first century.

The UN Peacekeepers are led by the Department of Peacekeeping Operations (DKPO).

2)What you need to know about P notes?:-

Participatory notes are the financial instruments through which individual foreign investors or hedge funds who do not want to disclose their identity can invest in Indian markets.

Registered foreign institutional investors (FIIs), foreign banks and brokerages based in India issue P-notes to foreign investors and invest in Indian stocks on their behalf. Any dividends or capital gains collected from the underlying securities go back to the investors.

Why they are a source of Worry??:-

• Because of Anonymity of  the Investors.
• Can be used by even terrorists to destablise the share market.
• Can be used for round tripping and money laundering.

3)Akash Missile:=

The Akash missile is India’s first indigenously designed, developed and produced air defence surface-to-air missile system.

Akash is a supersonic short range surface-to-air missile capable of neutralising aerial threats.

The maximum range of this missile is 25 kilometres and can neutralise targets at a maximum altitude of 20 kilometres.

Some Polity Prelims Related MCQ's:-

Qn 1) With reference to the Second schedule of the constitution that points to the salary of important constitutional offices. Which of the following are covered under this schedule?

1. The President of India
2. The Prime Minister
3. The Governor
4. The Comptroller and Auditor General

Select the correct answer using the code given below.

A. 3 and 4 only

B. 1, 2 and 3 only

C. 1, 3 and 4 only

D.  2, 3 and 4 only

Ans. C

Learning Zone: The offices covered are President, Governor, Judges of Supreme Court and High Courts, CAG.

Qn 2) Consider the following statements regarding the Governor of a state, after the 42nd constitutional amendment:

1. The ministerial advice is binding on the Governor.
2. If any question arises as to whether a matter comes under his discretion or not, the decision of Governor is final.

Which of the statements given above is/ are correct?

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

Ans. B

Learning Zone: While 42nd amendment made the ministerial advice on President binding (though 44th amendment allowed president to ask the cabinet to reconsider it once), no such amendment was made regarding Governor. So ministerial advice is not binding on the Governor.

Qn 3 (Revision): Consider the following statements about National Green Tribunal.

1. It is set up under Article 323B.
2. India is the first country to have such a tribunal for green matters.
3. The tribunal is not bound by the principles of natural justice.

Which of the Following Statements are not true??

A. 1 and 2 only

B. 2 and 3 only

C. 1 and 3 only

D. 1, 2 and 3

Answer:- D 

All are Incorrect.

Questions:-

Asian Development Bank?

BRICS NDB?

AIIB?