Current Affairs 02 September 2022 – IAS Current Affairs
Current Affairs 02 September 2022 focuses on Prelims-Mains perspective. Major events are :
India’s First-quarter GDP 2022-23
Source: Times of India
GS III: Indian Economy
What is discussed under India’s First-quarter GDP 2022?
- Gross Domestic Product
- Key Highlights of GDP Q1FY23
- Comparison of GDP with previous years
Why in News?
- National Statistical Office (NSO) data showed that the country’s GDP increased by an annual 13.5% in the April–June quarter of the current fiscal year.
- It is higher than the 4.1% in the previous quarter but lower than the 20.1% projected in first quarter of 2021–2022.
- The RBI had predicted 16.2% growth for the first quarter of 2022-2023.
Key Highlights of GDP Q1FY23
- India continued to have the fastest-growing major economy, whereas China saw 0.4% growth in the April to June 2022 quarter.
Photo by Andre Taissin on Unsplash - It is the fastest growth in a year, as the GDP of the nation had previously grown by 4.1% in the preceding quarter (Q4FY22), 5.4% in the quarter ending in December 2021 of FY22, and 8.4% in the quarter ending in September 2021.
- The government’s capital spending on infrastructure saw investments continue to rise in the June quarter.
- Estimates, however, indicated that GDP grew by 3.8% in the first quarter of fiscal 2020 compared to the pre-pandemic period.
- The country’s gross value added (GVA), which is GDP minus net product taxes and reflects increase in supply, increased by 12.7% between April and June 2022, according to the most recent data by the National Statistical Office (NSO).
Comparison with Previous Years
- Following a 24.4% fall in the financial year 2020–21 as a result of a statewide lockdown implemented to fight the COVID–19 epidemic, GDP climbed by 20.1% year over year last year.
- Compared to 2.2% a year ago, the farm sector’s GVA increase in the first quarter was 4.5%.
- However, from 49% in the same quarter last year, the manufacturing sector’s GVA growth dramatically slowed to 4.8% this quarter.
- In the quarter, mining GVA growth is 6.5% compared to 18% in the prior year.
- Additionally, the construction sector’s GVA slowed, falling from 71.3% to 16.8% in the quarter.
- Compared to the same period last year, the electricity, gas, water supply, and other utility services segment expanded by 14.7% in the third quarter.
- GVA growth in the services sector, which includes commerce, lodging, transportation, communication, and broadcasting-related services, was 25.7% in the first quarter compared to 34.3% in the previous quarter.
- Financial, real estate, and professional services all had first-quarter growth of 9.2% over the same period last year.
- In comparison to the first quarter of the previous fiscal, public administration, defence, and other services saw increase of 26.3% instead of 6.2%.
- According to the NSO, the Nominal GDP or GDP at Current Prices is projected to reach Rs 64.95 trillion in Q1 2022–23 as opposed to Rs 51.27 trillion in Q1 2021–22, representing a rise of 26.7% as opposed to 32.4% a year before.
Gross Domestic Product
- GDP calculates the monetary value of the final goods and services, those purchased by the consumer, produced in a nation during a specific time period (say a quarter or a year).
- It accounts for all the output produced inside a nation’s boundaries.
- GDP is made up of products and services generated for market consumption as well as certain non-market production, including government-provided defence or educational services.
Crime Multi Agency Centre
Source: Hindu
GS II: Policies and Developmental Studies
What is discussed under Crime Multi Agency Centre?
- Key highlights of Cri-MAC report
- What is Cri-MAC?
Why in News?
- Not a single alert has been uploaded to the Cri-MAC (Crime Multi Agency Centre) portal by West Bengal, Andhra Pradesh, Bihar, Chhattisgarh, Mizoram, Manipur, Nagaland, Sikkim, or the Union Territories of Dadra, Nagar Haveli, and Daman and Diu.
Key highlights
- Delhi, Assam, and Haryana uploaded the most alerts to the portal.
- Despite there being 16,361 police stations nationwide, there are 35,145 alerts altogether that have been uploaded to the platform.
- The highly organised crime of human trafficking, which frequently involves interstate gangs, is described in the report.
What Is Cri-MAC?
- National Crime Records Bureau (NCRB) launched the Cri-MAC in 2020.
- Its purpose is to facilitate a constant information exchange among law enforcement organisations about crime and criminals including human trafficking.
- Cri-MAC helps in coordination among the security agencies as well as issues related to interstate coordination.
- It intends to assist in the quick identification and prevention of criminal activity nationwide.
Vostok Exercise 2022
Source : PIB
GS III : Internal Security
What is discussed under Vostok Exercise 2022?
- About the Exercise
Why in News ?
Recently, India joined a multilateral strategic and command Exercise Vostok – 2022 in Russia along with China among other countries.
Key Facts
- A multilateral strategic and command Exercise Vostok – 2022 has commenced today at the training grounds of the Eastern Military
Image by Günther Schneider from Pixabay District of Russia from 01 to 07 September 2022.
- The exercise is aimed at interaction and coordination amongst other participating military contingents and observers.
- The Indian Army contingent comprising of troops from 7/8 Gorkha Rifles had arrived at the exercise location and over the next seven days will undertake joint manoeuvres to include joint field training exercises, combat discussions, and firepower exercises.
List of Military Exercise by India with Other Countries : Military Exercise
- The Indian Army contingent will look forward to sharing practical aspects and put into practice the validated drills, procedures and practice amalgamation of new technology through discussions and tactical exercises.
Clustering Of Colleges UGC Proposal
Source : The Hindu
GS II : Education
What is discussed under Clustering Of Colleges UGC Proposal?
- About the Proposal
Why in News ?
The University Grants Commission (UGC) has finalized guidelines for transforming colleges and universities into multidisciplinary institutions.
Key Facts
- Promoting multidisciplinary institutions was a key recommendation of the National Education Policy 2020.
- Guidelines for Transforming Higher Educational Institutions into Multidisciplinary Institutions: These aim to help State governments and universities frame appropriate rules and policies.
- The guidelines also identify student orientation programmes as an important element to familiarize them with the new options available to them.
- capacity-building for faculty so that they can teach, train and research in multi-disciplinary academic programmes such as Annual Refresher Programme in Teaching (ARPIT) as well as investment in learning assessment tools.
- The merger of single-stream institutions, with other multidisciplinary institutions under the same management or different management.
- The member colleges in a cluster will continue to function as affiliated colleges under the university in the initial phase
Three different approaches
- Clustering of Colleges: UGC has suggested academic collaboration between institutions through “clusters” of higher education institutions (HEIs) in order to promote multidisciplinary education and research in online and offline modes.
- Restructuring of Higher education: Merger of single-stream institutions with other multidisciplinary institutions under the same management or different managements as well as expanding the number of departments in a college or university by adding new subjects such as languages, literature, music, Indology, sports etc.
- Capacity-building for faculty so that they can teach, train and research in multidisciplinary academic programmes such as through initiatives like Annual Refresher Programme in Teaching (ARPIT) as well as investment in learning assessment tools.
National Education Policy 2020:
- Multidisciplinary institutions: It envisages that by 2040 all HEIs should aim to become multidisciplinary with student enrolments in thousands.
- Underserved regions: It also says that more HEIs will be established and developed in underserved regions to ensure equity and inclusion.
- Creating new institutions: By 2030 there should be one large multi-disciplinary HEI in or near every district, achieved by creating new institutions apart from consolidating, expanding and improving existing HEIs.