Sarat Chandra IAS Academy

Important Terms in 12th October -2020 News

 

CBI:

  • Central Bureau of Investigation (CBI) is the premier investigating police agency in India.
  • It functions under the superintendence of the Deptt. of Personnel, Ministry of Personnel, Pension & Public Grievances, Government of India – which falls under the prime minister’s office.
  • However for investigations of offences under the Prevention of Corruption Act, its superintendence vests with the Central Vigilance Commission.
  • It is also the nodal police agency in India which coordinates investigation on behalf of Interpol Member countries.
  • Its conviction rate is as high as 65 to 70% and it is comparable to the best investigation agencies in the world.

 

Blue Flag Certification:

  • The Blue Flag is one of the world’s most recognised voluntary eco-labels awarded to beaches, marinas, and sustainable boating tourism operators.
  • In order to qualify for the Blue Flag, a series of stringent environmental, educational, safety, and accessibility criteria must be met and maintained.
  • There are nearly 33 criteria that must be met to qualify for a Blue Flag certification, such as the water meets certain quality standards, having waste disposal facilities, being disabled-friendly, have first aid equipment etc.
  • The Blue Flag Programme for beaches and marinas is run by the international, non-governmental, non-profit organisation FEE (the Foundation for Environmental Education).
  • FEE (the Foundation for Environmental Education) was established in France in 1985 and got extended to areas outside Europe since 2001

 

Repo Rate and Reverse Report Rate:

  • It is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.
  • It is used by monetary authorities to control inflation.
    -In the event of inflation, central banks increase the repo rate as this acts as a disincentive for banks to borrow from the central bank. This ultimately reduces the money supply in the economy and thus helps in arresting inflation.
    -The central bank takes the contrary position in the event of a fall in inflationary pressures.
  • Ideally, a low repo rate should translate into low-cost loans for the general masses. When the RBI slashes its repo rate, it expects the banks to lower their interest rates charged on loans.
  • Reverse repo rate is the rate at which the RBI borrows money from commercial banks within the country.

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