Dear Aspirants
IASbhai Current Affairs News Analysis | Prelims & Mains 2020-21 is an initiative to dilute major articles from leading Newspapers in India which are most relevant to UPSC preparation –‘THE HINDU, LIVEMINT , INDIAN EXPRESS’ and help millions of readers who find difficulty in answer writing and making notes everyday. Hence we choose articles on daily basis and analyse them with respect to UPSC PRELIMS 2021.

“Good things come to people who wait, but better things come to those who go out and get them.” —Anonymous

HIGHLIGHT INFO:

ORANGE COLOUR: Important for Prelims.

RED COLOUR: Important for Mains.

BLACK COLOUR: Must Read !

BLUE COLOUR : Important Links/Survey.

PINK COLOUR: Reports/Themes/Summits.

Current Affairs News Analysis for UPSC | 1st Jan 2021

e-GOVERNANCE (e-OFFICE) PORTAL : IAF

      HEADLINES:

INDIAN AIR FORCE LAUNCHES e-GOVERNANCE (e-OFFICE) PORTAL

      WHY IN NEWS:

The Chief of the Air Staff, Air Chief Marshal RKS Bhadauria PVSM AVSM VM ADC formally launched the IAF e-Governance (e-Office) portal at Air HQ, Vayu Bhavan on 31 Dec 20.

MINISTRY? :- Ministry of Defence
SYLLABUS COVERED: GS 3: Defence

      ISSUE: 

The implementation undertaken as part of Digital India and e-governance initiative will transform the entire Indian Air Force to a ‘paperless office’ workflow.

e-GOVERNANCE (e-OFFICE) PORTAL

  • The launch of e-Governance in IAF marks a paradigm shift from the current method of correspondence, filing and documentation to a digital one.

The platform would achieve enhanced transparency, improved efficiency, increased accountability and assured data integrity

  • It is rapidly accessible archives along with a major reduction in the use of paper.
  • The project started in Apr 20 and was to be completed by 01 Jan 21.

      IASbhai WINDUP: 

  • The application has been designed indigenously from scratch and customized to meet the Filing System requirements of IAF.
  • It provides for creation, handling, movement, processing and archival of files and documents and would enable quick disposal and faster decision making.
     SOURCES:  THE HINDU   IE   PIB  DownToEarth  | Current Affairs News Analysis for UPSC | 1st Jan 2021 

 

Lynx U2 Fire Control systems

      HEADLINES:

MoD signs contract with BEL to supply indigenously developed 10 Lynx U2 Fire Control systems for Indian Navy

      WHY IN NEWS:

Hot from PIB !

MINISTRY? :- Ministry of Defence
SYLLABUS COVERED: GS 3: Defence

      ISSUE: 

Ministry of Defence (MoD) has signed a contract with Bharat Electronics Limited (BEL) for procurement of 10 Lynx U2 Fire Control systems for frontline warships of Indian Navy at a cost of Rs 1,355 crore

LYNX U2 FIRE CONTROL SYSTEMS

DESIGN AND DEVELOPMENT

  • The system including the Tracking Radar, Servo and Weapon Control Modules has been completely designed and developed by BEL
  • The Lynx system has been designed and developed indigenously that would further the ‘Atmanirbhar Bharat’ vision of our Prime Minister.

FEATURES

  • The LYNX U2 GFCS is a Naval Gun Fire Control System designed to acquire, track and engage targets amidst sea clutter.
  • It is capable of accurately tracking air/surface targets, generating required target data for predicting weapon aiming points and engaging target.
  • The target engagement is carried out with the medium/short range gun mounts like Russian AK176, A190 and AK630 and the SRGM available onboard ships.
  • The Gun Fire Control System has been designed with an open and scalable architecture permitting simple and flexible implementation in many different configurations.

SIGNIFICANCE

  • The system satisfactorily meeting the tactical requirements of Indian Naval ships of various classes like destroyers, frigates, missile boats, corvettes, etc.
  • The system has been upgraded continuously and indigenisation has been the major focus along with technology upgrades.

The indigenous content of the system has been continuously increased, generation to generation to eliminate the dependency on foreign OEMs

  • The system will be installed on the NOPV, Talwar and Teg class of ships.
  • The system has been developed and delivered to Indian Navy and has been in service for over two decades.

      IASbhai WINDUP: 

  • The indigenous system will ensure maximum up-time of the system and guarantees excellent Product support throughout its life time.
  • The system proposed in the contract is of the fourth generation and is a completely indigenised system, developed in the true spirit of ‘Atmanirbhar Bharat’.
  • These will be delivered by BEL, Bengaluru over the next five years.
     SOURCES:  THE HINDU   IE   PIB  DownToEarth  | Current Affairs News Analysis for UPSC | 1st Jan 2021 

Britain leaves Europe’s single market

      HEADLINES:

Britain leaves Europe’s single market

      WHY IN NEWS:

The U.K.’s tortuous departure from the European Union takes full effect on Thursday

SYLLABUS COVERED: GS 3: Trade

      ISSUE: 

The U.K. was in a transition period since January 2020.

BREXIT BECOMES A REALITY

  • Brexit becomes a reality on Thursday as Britain leaves Europe’s customs union and single market, ending nearly half a century of often turbulent ties with its closest neighbours.
  • Brexit has dominated British politics since the country’s narrow vote to leave the bloc in June 2016, opening deep political and social wounds which remain raw.
  • The British pound surged to a 2.5-year peak against the U.S. dollar before the long-awaited departure from the single market.

IMPACT

  • Once the transition ends, EU rules will no longer apply, with the immediate consequence being an end to the free movement of more than 500 million people between Britain and the 27 EU states.

Customs border checks will be back for the first time in decades, and despite the free-trade deal, queues and disruption from additional paperwork are expected

  • Britain — a financial and diplomatic big-hitter plus a major NATO power — is the first member state to leave the EU.
  • The EU has lost 66 million people and an economy worth $2.85 trillion, but Brexit, with its appeal to nationalist populism, also triggered fears that other disgruntled members could follow suit.

      IASbhai WINDUP: 

  • British fishermen are disgruntled at a compromise to allow continued access for EU boats in British waters.
  • The key financial services sector also faces an anxious wait to learn on what basis it can keep dealing with Europe, after being largely omitted from the Brexit trade deal.
     SOURCES:  THE HINDU  IE  PIB  DownToEarth  | Current Affairs News Analysis for UPSC | 1st Jan 2021 

Fiscal deficit shoots up to 135% of target

      HEADLINES:

Fiscal deficit shoots up to 135% of target

      WHY IN NEWS:

Public spending looks encouraging, may spur economic activity, help India exit recession in Q4: ICRA

SYLLABUS COVERED: GS 3: Economy : Basics

      ISSUE: 

India’s fiscal deficit shot up to 135.1% of the Budget target of nearly ₹8 lakh crore for 2020-21, in the 8 months from April to November 2020, as per data released by the Controller General of Accounts.

WHAT IS A FISCAL DEFICIT?

  • A fiscal deficit is a shortfall in a government’s income compared with its spending.
  • The government that has a fiscal deficit is spending beyond its means.
  • A fiscal deficit is calculated as a percentage of gross domestic product (GDP).
  • Otherwise it is simply as total dollars spent in excess of income.

In either case, the income figure includes only taxes and other revenues and excludes money borrowed to make up the shortfall

KEY TAKEAWAYS

  • A government creates a fiscal deficit by spending more money than it takes in from taxes and other revenues excluding debt.
  • The gap between income and spending is closed by government borrowing.

The figure had stood at 114.8% a year earlier

  • Revenue deficit, which had crossed 125% in the first half of the year, almost touched 140% of the Budget target by November, with just about 40% of the annual estimated revenue receipts coming in.

      IASbhai WINDUP: 

  • The fiscal deficit had reached 120% of the year’s target, or ₹9.53 lakh crore by the end of October.It rose to ₹10.8 lakh crore in November.
  • Only 62.7% of the budgeted expenditure for the year had been spent by November, lower than the 65.3% recorded a year earlier.

The higher fiscal deficit is primarily originating from lower receipts

  • Corporate tax collections were ₹1.03 lakh crore lower year-on-year and income tax collections were down ₹33,000 crore.
     SOURCES:  THE HINDU  | Current Affairs News Analysis for UPSC | 1st Jan 2021 

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