SAARC, SIDBI - Current Affairs Questions and Answers

ANSWER: Mohammad Mustafa

Explanation:
Senior bureaucrat Mohammad Mustafa was appointed as Chairman and Managing Director in Small Industries Development Bank of India (SIDBI).

Mustafa, a 1995 batch IAS officer of Uttar Pradesh cadre, is at present Joint Secretary in Department of Financial Services.

The Appointments Committee of the cabinet has approved his appointment to the post for three years, an order issued by the Department of Personnel and Training (DoPT) indicated.

SIDBI

• Small Industries Development Bank of India (SIDBI) was set up on April 2, 1990 under an Act of Indian Parliament.
  It acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports.
• MSME sector is an important pillar of Indian economy as it contributes greatly to the growth of Indian economy with a vast network of around 5.1 crore units, creating employment of about 11.7 crore, manufacturing more than 6,000 products.
• It is contributing about 45% to manufacturing output and about 40% of exports in terms of value, about 37% of GDP.
  The business strategy of SIDBI is to address the financial and non-financial gaps in MSME eco-system.

ANSWER: South Asia Satellite

Explanation:
The South Asia Satellite will be launched on May 5, India’s “priceless gift” to its neighbours as part of the 'sabka sath, sabka vikas' concept.

Seven out of eight SAARC countries are a part of the project which Pakistan refused to join as it did not want the "gift" from India.

The concept of 'sabka sath, sabka vikas' is not confined to India but is relevant globally too, especially in the context of the neighbourhood.

The benefits of this satellite will go a long way in meeting the developmental needs of the countries participating in this project.

This is an appropriate example of India's commitment towards South Asia. The satellite of South Asia will help in the overall development of the entire region

The benefits will be in the partner countries in areas of mapping of natural resources, tele-medicine, education, IT connectivity and people-to-people links, he said.

These countries, besides India, are Nepal, Bangladesh, Bhutan, Sri Lanka, Maldives and Afghanistan.

Modi had made a unilateral proposal of India launching the satellite whose data would be shared with the eight SAARC countries for their development.

Initially, it was to be named as ‘SAARC Satellite’ but its name was changed to South Asia Satellite after Pakistan refused to join the project.

Basically, the satellite is meant for providing communication and disaster support, connectivity among the countries of South Asia region.

It will provide a significant capability to each of the participating countries in terms of DTH, certain VSAT capacity plus linking among the states for both disaster information transfer and also in terms of library type of things.

ANSWER: Amjad Hussein B. Sial

Explanation:
In a first, Pakistan on March 1, 2017 succeeded in getting an official elected to the post of Secretary General for South Asian Association for Regional Cooperation.

Pakistan was backed by all members including India. The selection was consensus based.

Election is of administrative nature only. Pakistan will provide the next secretary general making a smooth transition from Nepal to Pakistan.

The new SAARC chief is a veteran diplomat and has been waiting to take charge since March 2016.

Sial was elected as Pakistan and India both want SAARC to function efficiently.

Following the terrorist attack in Uri, India had opposed the 19th SAARC Summit in Islamabad in Nov 2016.

India had sent delegates including the Joint Secretary in charge of SAARC for meeting SAARC reps in February to finalise the issue of budget and admin matters.

Sial has assumed charge of the office of Secretary General of SAARC from March 1, 2017, according to a press release issued by SAARC Secretariat here.

He has succeeded Nepal's Arjun Bahadur Thapa, who was appointed the Secretary-General in 2014.

The Pakistani turn, which is held by rotation, starts from March 1, 2017, and continues till February 28, 2020.

About Amjad Hussein B. Sial: Know More

• Sial's nomination was made by Pakistan at the SAARC Council of Ministers in Pokhara, Nepal, in March 2016 and was endorsed by all member states.
• He is a seasoned diplomat from Pakistan Foreign Service with over 33 years of career in the diplomatic field.
• Before joining the SAARC Secretariat Sial was Special Secretary at the Ministry of Foreign Affairs in Islamabad.
• He has a rich experience in bilateral and multilateral diplomacy both at Ministry of Foreign Affairs in Islamabad and Missions abroad.
• Sial had served as Pakistan's ambassador to Tajikistan and permanent representative at Pakistan Mission to the UN.SAARC is an eight-member regional grouping that comprises Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.

ANSWER: All of the above

Explanation:
Apart from India, Bangladesh and Bhutan have also pulled out of the SAARC Summit in Islamabad in November, saying the environment is not right for the successful holding of the meet.

• The decision was conveyed by Bangladesh and Bhutan on 27th Sept to the Saarc chair Nepal, sources said
• The decision by three countries of the eight-member grouping not to attend the summit would lead to its collapse.
• Prime Minister Narendra Modi on the same day also decided not to attend the SAARC Summit in Islamabad in November.
• The announcement by India came on a day foreign secretary S Jaishankar issued a second demarche to Pakistan High Commissioner Abdul Basit over September 18 Uri attack and confronted him with proof of "cross-border origins" of the terror strike in which 18 jawans were killed.
• The attack has triggered a strong response from India which has reviewed the 56-year-old Indus Water Treaty (IWT), and decide to reconsider the MFN status granted by it, unilaterally, to Pakistan.

ANSWER: Greece

Explanation:
India on 7th Sept 2016 signed the bilateral air services agreement with Greece to permit unlimited points of call for domestic airlines in Greece.
Both countries have signed MoU in this regard under the Open Sky Policy

• This will be the first ASA with Greece known for its beauty and tourist sports
• Indian government has signed the MoU with the country under the provisions of the new Civil Aviation Policy
• The aim is to improve international air connectivity for Indian carriers
• Indian government has signed the MoU with Greece under the provisions entering into a reciprocal Open Sky Air Services Agreement on reciprocal basis with SAARC nations and countries with territory located beyond 5000 km radius from Delhi

ANSWER: New Delhi

Explanation:
SAARC member states convened to achieve essential ingredients for decision making and policy planners at the SAARCSTAT 8th meeting of heads.

• The meeting was held in New Delhi
• Emphasis was on greater regional cooperation for mutual development, to accelerate free trade in goods and services in the Region.
• It is essential to put into operation simplified and transparent rules of origin; implementation of trade facilitation measures; harmonisation of standards relating to Technical Barriers to Trade (TBT) and sanitary and phyto-sanitary measures; harmony, streamlined and simplified Custom procedures; elimination of non-tariff and para-tariff barriers;
• Also discussed were policy initiatives for comparable statistics and smooth & efficient transit and transport facilities, which will provide an opportunity to the SAARC Members countries to review the implementation of the recommendations made in International Merchandise Trade Statistics (IMTS) 2010 and Manual on Statistics of International Trade in Services (MSITS) 2010 and help in better understanding of the existing economic statistics frameworks and guidelines such as the System of National Accounts (2008 SNA), Balance of Payments (BPM6) and the Guidelines on Integrated Economic Statistics.
• Reducing asymmetry in states data was also a goal.

ANSWER: SAARC

Explanation:
Seventh meeting of the South Asian Association for Regional Cooperation Immigration Authorities was on 2nd August 2016 held in Pakistan’s capital Islamabad.

• The meeting was chaired by Pakistan’s DG Immigration and Passports, Usman Bajwa.
• The meeting reviewed different areas to capitalise on visa exemption scheme launched by member countries in the 1990s
• It also planned on development of security software for SAARC Visa exemption scheme and immigration matters.

ANSWER: Purushottam Kaushik

Explanation:
CISCO MD of sales for India and SAARC region, Purushottam Kaushik resigned from the networking major after having worked there for 7 years.

• He may join Juniper Networks whose India head recently quit.
• He also created and managed a USD 2 billion business centred around smart cities, IoT, public safety and surveillance and Digital India initiatives.

ANSWER: SAARC

Explanation:
As per the National Civil Aviation Policy 2016, Government of India will enter into an Open Sky Air Service Agreement on a reciprocal basis with SAARC nations and countries with territory located entirely beyond a 5000 km radius.

• Unlimited flights above the existing bilateral rights will be permitted directly to and from major airports as notified by the Government.
• Points of call at all other airports will be honoured till these are renegotiated.

ANSWER: Mahasthangarh

Explanation:
Mahasthangarh, a 3rd century BC archaeological site in Bangladesh close to 11 km north of Bogra has been declared the SAARC cultural capital for 2016-2017

• It will host cultural festivals from 2016 to 2017 as a result of this
• This is one of the earliest sites discovered for urban archaeology in Bangladesh
• 2016-2017 has been declared the SAARC year of cultural heritage
• It was the ancient capital of Pundravardhana i.e. home of the Pundra, a group of people not speaking languages of the Indo-European family.