GS Paper I- History and Geography of the World and Society.

Hyderabad To Host CFSI’s International Children’s Film Fest In Nov

Background-

  • The 20th International Children’s Film Festival (ICFFI) is going to be held in Hyderabad between November 8 and 14, 2017.
  • The festival, also called ‘The Golden Elephant’, being organised by Children’s Film Society, India (CFSI), will be hosted by the Telangana government jointly with CFSI and the Union Ministry of Information and Broadcasting.
  • A record number of 1,402 entries, drawn from as many as 109 countries, have been received by the CFSI in various categories, including animation, documentary and short films.

 

Highlights Of The Development–

  • The week-long 20th ICFFI has many innovations and firsts to its credit like previous editions, according to a release issued by Children’s Film Society. This edition of ICFFI will feature a special section on Asian Films known as Asian Panorama.
  • The festival will open on the Children’s day at Shilparamam – the arts, crafts and cultural village in Hyderabad and will have screenings of children movies in multiple theatres across Hyderabad, Dr Shravan Kumar, Festival Director, 20th ICFFI, popular as Golden Elephant, said.
  • Prime Minister’s favourite programme ‘Digital India’ will be in focus for this Festival and a series of events have been planned for the same.
  • The theme for this year’s festival is ‘New India’.
  • A series of workshops and open forums on various aspects related to filmmaking and storytelling would be organised in the festival. These would be followed by Q&A session, which would help children to grasp various aspects of film-making and related fields.
  • The 20th Golden Elephant ICFFI is a biennial festival that would screen features, shorts, live action and animation films.
  • In the festival, many International Award winning films have been received by CFSI such as “Maya: The Bee” (feature Film from Germany), “Celestial Camel” (from Russia), “Pim & Pom- The Big Adventure” (from Netherlands), “Birds of Passage” (from Belgium), “My Skinny Sister (from Sweden), “Rainbow” (from India).

Sources- Business-Standard, DNA.

 

GS Paper II- International Relations.

30TH Edition Of CORPAT Begins Between The Indian Navy And The Indonesian Navy.

Background

  • In pursuance with India’s ‘Act East Policy’, Indian Naval Ship Sukanya under the command of Commander SA Deodhar, NM arrived at Belawan Indonesia on 24th October, 2017 to participate in the 30th edition of CORPAT (Coordinated Patrol) and 3rd Bilateral exercise between the Indian Navy and the Indonesian Navy.
  • The exercise is aimed to foster closer maritime ties with countries located on the rim of the Indian Ocean.
  • The bi-lateral exercise CORPAT scheduled from 24 Oct – 05 Nov 17 is a demonstration of India’s commitment to its ties with Indonesia and to the maritime security in the Indian Ocean Region.

Highlights Of The Development-

  • The two navies have been carrying out Coordinated Patrols (CORPAT) on respective sides of the International Maritime Boundary Line (IMBL) twice a year since 2002.
  • The aim of the CORPAT is to enhance mutual understanding and inter-operability between the navies, prosecute vessels involved in unlawful activities, conduct SAR and take measures against Sea Pollution.
  • Defence relations between India and Indonesia have been growing steadily with regular joint activities and interactions between the armed forces of the two countries.
  • These interactions would also provide opportunities for extensive operational and training engagements and contribute substantively to the maintenance of good order at sea.
  • The exercise seeks to strengthen the existing bonds of friendship between India and Indonesia, and underscore India’s partnership and solidarity with friendly countries of the region. As part of the Indian Government’s vision of SAGAR (Security and Growth for All in the Region), the Indian Navy has also been involved in assisting countries in the Indian Ocean Region with EEZ surveillance, Search and Rescue and other capability enhancement activities.
  • During the stay at Port Belawan, various activities such as official calls, formal reception on board ship, ship open to visitors, guided tours for Indian naval personnel and professional interaction between naval personnel of both the nations have been planned.

Sources- Defence Aviation Post.

 

GS Paper III- Economic Development.

Cabinet Approves Rs 2.11 Lakh-Cr Public Sector Banks’ Capitalisation Plan.

Background

  • On 24th October, 2017, the Indian government approved a state bank recapitalisation plan of Rs 2.11 lakh crore over the next two years, in a bid to clean banks’ books and revive investment in a slowing economy.
  • Of the planned sum, recapitalisation bonds will account for Rs 1.35 lakh crore, while Rs 76,000 crore will come from budgetary support and equity issuance, said Rajiv Kumar, India’s financial services secretary.
  • Finance Minister Arun Jaitley said the recapitalisation of state banks would be followed by a series of reforms.

 

Highlights Of The Development-

  • Non-performing assets of banks have increased from Rs 2.75 lakh in March 2015 to Rs 7.33 crore as on June 2017.
  • The finance minister said banks would get Rs 18,000 crore under the Indradhanush plan.
  • Under Indradhanush roadmap introduced in 2015, the government had announced to infuse Rs 70,000 crore in state- run banks over four years to meet their capital requirement in line with global risk norms, known as Basel-III.
  • In line with the plan, public sector banks were given Rs 25,000 crore in 2015-16, and similar amount has been earmarked for the following years. Besides, Rs 10,000 crore each would be infused in 2017-18 and 2018-19.
  • While banks remain the main source of funding for India’s companies, the stubborn bad debt problem has eaten into bank profits and choked off new lending, especially to smaller firms, at a time when an economy that depends on them is stalling.

Sources- Business-Standard.