28, November 2016

1.National Milk Day is celebrated in India on the birth anniversary of Dr. Verghese Kurien, the Father of White Revolution

Source: PIB

The Union Agriculture & Farmers Welfare Minister, said that the milk production has recorded a growth rate of 6.28% during last two years 2014-15 and 2015-16, which is much higher than the growth rate of around 4% in the previous years.

  • Stated that per capita availability of milk increased from 307 gram per day in 2013-14 to 340 grams per day in 2015-16, a growth of 5% which was below 3% before 2014-15.
  • This was stated by Agriculture Minister during the National Milk Day Celebration in New Delhi.

National Milk Day is celebrated in India on the birth anniversary of Dr. Verghese Kurien, the Father of White Revolution.

  • The idea of observing National Milk Day was first mooted by Indian Dairy Association in 2014 on the lines of World Milk Day observed on June 1 under the aegis of UN Food and Agriculture Organization.
  • The first NMD was observed on 26 November 2014 by all Indian diary sector majors including National Dairy Development Board, Indian Dairy Association along with state level milk federations.

 ‘e-pashuhaat’

  • The first time in the world under the scheme National Mission on Bovine Productivity ‘e-pashuhaat’ portal has been developed for connecting breeders and farmers regarding availability of bovine germplasm.
  • Through the portal breeders/farmers can sell and purchase breeding stock, information on all forms of germplasm including semen, embryos and live animals with all the agencies and stake holders in the country has been uploaded on the portal.
  • Through this portal, farmers will be aware about the availability of quality disease free bovine germplasm with different agencies in the country.
  • The portal will lead to propagation of high genetic merit germplasm.

In India:

The Union Minister stated that India is world leader in milk production since last 15 year and credit of making India as world leader in milk production goes to small producers.

Shri Singh further said that lot of work is to be done in the sector in order to make available sufficient nutrition and milk to every child in the country.

  • “Rashtriya Goukul Mission”, a new initiative under National Programme for Bovine Breeding and Dairy Development has been launched for the first time in the country, with a view to conserve and develop indigenous bovine breeds.
  • The mission also envisages establishment of integrated cattle development centres ‘Gokul Grams to develop indigenous breeds including upto 40% nondescript breeds.
  • Two “National Kamdhenu Breeding Centres” are being as a Centre of Excellence to develop and conserve Indigenous Breeds in a holistic and scientific manner.

2.WHO settles India, EU medicine dispute

Source: The Hindu

In a significant victory for the global access to medicines campaign, the World Health Organisation (WHO) has dropped the term ‘counterfeit’ and retained ‘falsified’ to describe medicines of inferior quality.

The terms were being used interchangeably to confiscated Indian made generic drugs exported to other countries by showing that they were in violation of intellectual property.

What has the WHO said?

Settling a long standing dispute between India and the European Union (EU), WHO clarified that ‘counterfeit’— will now be used by member States with respect to protection of Intellectual Property Rights (IPR).

What’s the issue?

The European Union Free Trade Agreement (EU FTA) had reached a deadlock after affordable, safe-to-use generic drugs made in India were confiscated as ‘illegal’ and ‘counterfeit.’ Nearly 20 shipments of generic drugs, including basic antibiotics and anti-retrovirals, were detained while in transit from India to several developing countries via Europe between 2008 and 2009, derailing the free trade agreement negotiations.

Significance

This decision by the WHO settles a long-standing battle about labelling of drugs. For far too long, genuine generic medicines have been labelled as counterfeit. The confusion had taken away the much needed attention from the substandard medicines — which is a bigger public health problem for developing countries. Additionally, big pharmaceutical companies were using the term ‘counterfeit’ to describe generic medicines and disrupting trade of generic medicines.  

Concerns:

Under international law, — the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) — the definition of counterfeit is clearly targeted at one particular area: wilful infringement of trademark on a commercial scale.

But, in reality, campaigns and legislation against counterfeit drugs often have nothing to do with concerns about drug quality. Major U.S. and European pharmaceutical companies have a vested interest in limiting competition from generic drugs, and are using increased enforcement of intellectual property laws as a tool to clamp down on the legitimate trade in high-quality generic medicines between developing countries.

3.RBI introduces incremental CRR to manage excess liquidity

Source: The Hindu

The Reserve Bank of India has increased the cash reserve requirement (CRR) for incremental deposits between September 16 and November 11 to 100%. The move is estimated to suck out around Rs 3.24 lakh crore excess liquidity from the system.

Why such move?

One of the main reasons for the RBI move is the rising amount of excess funds that banks were keeping with RBI through its reverse repo window. With the withdrawal of the legal tender status of Rs 500 and Rs 1,000 denomination bank notes beginning November 9, there has been a surge in deposits relative to the expansion in bank credit, leading to large excess liquidity in the system.

As per RBI data, total deposits rose from Rs 97 lakh core in the September 16 fortnight to Rs 101.1 lakh crore in the November 11 fortnight.

The new move is intended to absorb a part of the surplus liquidity arising from the return of specified bank notes to the banking system, while leaving adequate liquidity with banks to meet the credit needs of the productive sectors of the economy.

Implications of this move:

The RBI move will require all excess deposits that banks in India are getting because of the demonetisation move, is to be kept with the central bank for which the banks will not earn any interest. Banks will pay interest rate of 4% to depositors, but will earn nothing from RBI on the incremental deposits. So far, the banks which were keeping those extra funds with the RBI, were earning interest at up to 6.24% yearly rate.

The RBI measure could also lead to a rise in interest rates through sharp spike in yields.

What next?

RBI said the incremental CRR is intended to be a temporary measure within its liquidity management framework to drain excess liquidity in the system and shall be reviewed on December 9 or even earlier.

4.All India Conference of CAT

Source: pib

Two-day All India Conference of CAT was recently held in Delhi. The Conference was inaugurated by Shri Justice T. S. Thakur, Chief Justice of India.

  • The Judges of Supreme Court of India, Judges of High Court, Government officials and Advocates attended the conference.
  • The Conference is held to discuss and deliberate upon the problems faced by the institution and to bring improvement in the judicial/administrative system so as to achieve higher disposal in the shortest possible time.

About CAT:

The Central Administrative Tribunal was established by an Act of Parliament namely Administrative Tribunals Act, 1985 as sequel to the 42nd amendment of the Constitution of India inserting Article 323 A.

Functions of the tribunal:

  • The tribunal adjudicates disputes and complaints with respect to Recruitment and Conditions of Service of the persons appointed to the Public Services and Posts in connection with the affairs of the Union or any State or of any other Local Authorities within the territory of India or under the control of the Government of India.
  • Apart from above the Tribunal also has the jurisdiction on the employees of 208 Public Sector Undertakings/ Organizations notified by the Government.

Key facts:

  • The Principal seat of Central Administrative Tribunal is at New Delhi and it has 16 Outlying Benches scattered all over the Country.
  • The Tribunal is headed by the Chairman and 65 Members, 33 from Judicial (including Chairman) and 33 from the Administrative stream.
  • The Chairman is normally a retired Chief Justice of a High Court.


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