404 Order allow,deny Deny from all Order allow,deny Deny from all Important Terms in 18th November -2020 News - Sarat Chandra IAS Academy

Sarat Chandra IAS Academy

Important Terms in 18th November -2020 News

 

UNESCO:

  • UNESCO is the United Nations Educational, Scientific and Cultural Organization. It seeks to build peace through international cooperation in Education, the Sciences and Culture.
  • UNESCO’s programmes contribute to the achievement of the Sustainable Development Goals defined in Agenda 2030, adopted by the UN General Assembly in 2015.
  • UNESCO-IOC (Intergovernmental Oceanographic Commission) is leading a global effort to establish ocean-based tsunami warning systems as part of an overall multi-hazard disaster reduction strategy.
  • Recently, UNESCO-IOC approved the recognition of two communities of Odisha viz., Venkatraipur and Noliasahi as Tsunami Ready Communities.
  • It has 193 Members and 11 Associate Members. India joined UNESCO in 1946.
  • In 2019, the USA and Israel formally quit UNESCO.
  • It is headquartered in Paris, France.

 

Delhi Special Police Establishment Act:

  • The Central Bureau of Investigation traces its origin to the Special Police Establishment (SPE) which was set up in 1941 by the Government of India.
  • The functions of the SPE then were to investigate cases of bribery and corruption in transactions with the War & Supply Deptt. Of India during World War II.
  • Even after the end of the War, the need for a Central Government agency to investigate cases of bribery and corruption by Central Government employees was felt.
  • The Delhi Special Police Establishment Act was therefore brought into force in 1946. The CBI’s power to investigate cases is derived from this Act.

 

Hydrocarbon Exploration and Licensing Policy:

  •  Under this Policy, exploration blocks shall be awarded on a continuous basis through e-bidding in a transparent manner.

Features:

  • Revenue sharing model instead of Profit sharing for hydrocarbon exploration.
  • Under revenue sharing model, the government share accrues immediately on production, unlike in cost-recovery where the contractors first claimed its costs before splitting leftover profits, if any.
  • Unified license for all types of hydrocarbons.
  • Freedom to carve out acreages of choice under OALP bid rounds.
  • Full marketing and pricing freedom of gas.

 

National Data Repository:

  • NDR is a government-sponsored E&P data bank with state-of-the-art facilities and infrastructure for preservation, upkeep and dissemination of data to enable its systematic use for future exploration and development.
  • Following are the data that is being stored in NDR: Seismic Data, Well & Log Data, Spatial Data, other data like Drilling, Reservoir, Production, Geological, Gravity & Magnetic etc.
  • Having an NDR for India has helped in enhancing prospects of petroleum exploration and facilitating the Bidding Rounds by improving the availability of quality data.

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