Essential Facts (Prelims): 28 November, 2018

Essential Facts for Prelims - CSE 2019. Daily Compilation of Important Factual Information from Relevant News Sources for Civil Services Prelims Exam (UPSC)

HysIS

  • HysIS, the country’s first hyperspectral imaging satellite for advanced earth observation.
  • A hyperspectral imaging camera in space can provide well-defined images that can help identify objects on earth far more clearly than regular optical or remote sensing cameras
  • The primary goal of HysIS is to study the Earth’s surface in visible, near-infrared and shortwave infrared regions of the electromagnetic spectrum. HysIS will be ISRO’s first full-scale working satellite with this capability.

Interoperability

  • SEBI has announced the guidelines for interoperability of clearing corporations.
  • Such interoperability is expected to bring down the compliance costs for market intermediaries and thereby the trading costs as well.
  • Interoperability among clearing corporations refers to the linking of multiple clearing corporations, which effectively allows market participants to consolidate their clearing and settlement functions at a single clearing corporation, irrespective of the stock exchange on which the trade is executed.

NPAs

  • The gross non-performing assets of all scheduled commercial banks are around ₹10 lakh crore.
  • Public sector banks accounted for more than 85% 86.6% of all gross NPAs of scheduled commercial banks.

SFIO

  • Centre gives Serious Fraud Investigation Office (SFIO) powers to stop defaulters from fleeing the country.
  • SFIO is a statutory body, under the Ministry of Corporate Affairs and investigates matters related to serious fraud in a company.
  • The power to make arrests under Section 212 (8) of the Act was granted to SFIO in August last year.
  • The SFIO, which functions under the Corporate Affairs Ministry, often begins investigations soon after a crime is detected, ahead of the CBI or Customs.

Liquidity

  • The Reserve Bank of India has decided to inject a higher amount of Rs 40,000 crore through purchase of government securities under open market operations (OMOs) .
  • The liquidity deficit in the banking system can be attributed to
    • the higher fund requirements for meeting the festive season demand,
    • liquidity concerns witnessed in the NBFC sector and
    • increased forex sales to stem the rupee depreciations.

 

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