Sarat Chandra IAS Academy

7th November 2019 Current Affairs

1. RBI’s panel suggests measures to strengthen core investment companies

  • The Reserve Bank of India(RBI) panel to review the regulatory and Supervisory Framework for Core Investment Companies headed by Tapan Ray has submitted its report.
  • CICs are non-banking financial companies with asset size of ?100 crore and above which carry on the business of acquisition of shares and securities, subject to certain conditions.
  • CICs, which are allowed to accept public funds, hold not less than 90% of their net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.
  • Investments of CIC in the equity shares (including instruments compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue) in group companies constitutes not less than 60% of its net assets as mentioned in clause.

2. Real-time Train Information System(RTIS)

  • Recently,500 passenger locomotives of the South Central Railway (SCR) have been fitted with the newly developed Real-time Train Information System (RTIS).

About Real-time Train Information System(RTIS):

  • The system has been developed by the Centre for Railway Information Systems(CIRE) with the help of ISRO-Airports Authority of India’s GAGAN-Global Positioning System(GPS) aided geo-augmented navigation.
  • The system is aimed at automatic transmission of speed and movement of trains to the central control office for improving the train control functions.
  • The RTIS device uses GAGAN to transmit a signal to the control hubs. 
  • Passengers and freight customers will receive a more accurate information on train status when the train concerned is connected to a locomotive equipped with RTIS 
  • Low speed can be detected and intervention can be made to improve punctuality.
  • Locomotor can send emergency messages to the control room with the push of a button.
  • Unscheduled stoppages between the stations can be identified

3.Freedom on Net 2019 report

  • The Freedom of Net report 2019 titled “The Crisis of Social Media” was released by the The Freedom House, an international watchdog.

About Freedom on the Net:

  • Freedom on the Net is a comprehensive study of internet freedom in 65 nations across the globe.The report covers 87% of the world’s total internet users.
  • The annual report tracks declines and improvement in internet freedom.It has chosen specific countries to represent diverse geographical regions.
  • The report provides the overall scores to countries using a 21-question research methodology which addresses freedom of expression, internet access and privacy issues.

Key takeaways from the report:

  • The report assessed 65 countries and 33 among them showed an overall decline in internet freedom since June 2018.Only 16 countries showed improvements in their internet freedom status.
  • India was given an overall score of 55 in the report and the internet freedom status in the country was reported to be ‘partly free’.
  • Iceland ranked the highest with an overall score of 95 as it had no civil or criminal cases registered against users for online expression during the coverage period. 
  • China with an overall score of 10 was adjudged ‘not free’ and as the world’s worst abuser of internet freedom for the fourth consecutive year.
  • Pakistan was given a score of 26 and was declared ‘not free’ in internet freedom status for the 9th consecutive year.

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