25Th June 2018 : Daily Current Affairs - UPSC CSE/IAS & State PSC

This page contains "25th June 2018" current affairs analysis from different newspapers and magazines like The hindu, Indian express, PIB and Yojna.

Quality and relevance are two key features considered while writing the content, all the topics are based on the pattern of previously asked questions in exams like UPSC CSE, IAS, State PCS, SSC, Banks PO and likewise competitive exams.

1) Financial Action Task Force (FATF)

Why in news ?
Pakistan has recently notified the Anti-Money Laundering and Countering Financing of Terrorism Regulations- 2018, to avoid grey-listing imposed by Financial Action Task Force (FATF). Pakistan was earlier placed on the same list from 2012 to 2015 and want to avoid the same situation this time. Pakistan is accused of incapable of curbing money laundering and terror funding.

Financial Action Task Force (FATF)

Financial Action Task Force on Money Laundering is an intergovernmental organisation, initiated by G7 countries in 1989. The organisation is mandated with development of policies to combat money laundering and terror funding.

To achieve the goal it issues recommendations and monitors their implementation with the help of peer reviews of member countries. The FATF secretariat is located at the OECD headquarters in Paris.

2) Algal blooms

Why in news ?
Algae bloom, another impact of global warming is rising in USA's reservoirs and lakes used for drinking water supply.

What is Algal blooms ?

Algal bloom can be recognised from discoloration in the water because of a rapid increase or accumulation in the population of algae and can occur in both fresh and sea water.

Algea are organisms of widely varying sizes, growth rates and nutrient requirements and colour of water is determined by the photosynthetic pigments present in algal cells.

Excess of nutrients, phosphates, carbon and nitrogen from fertilisers, household cleaning products etc are responsible for fresh water bloom.

Algae tends to grow very quickly under excess nutrients and are very short lived, this way water bodies fills up with dead organic matter. The decay process of dead matter consumes dissolved oxygen in the water, as a result animals and plants may die off in large numbers .

"Cyanobacteria" one of the ancient class of organisms that create the blooms are found in almost all water bodies but thrive in warm and still bodies like lakes and ponds. When water bodies get warm earlier and remain warm for a long time; it gives a rise to Algae

Algae is also harmful to human and animals because of its creation of unique class of toxins. High amount of these toxins in body can cause deaths in animals and damage to liver and nervous system in Human.

3) Suryashakti Kisan Yojana (SKY)

Why in news ?
In a bid to enhance farmer's income, Gujarat government has launched Suryashakti Kisan Yojana (SKY) to generate solar power.

Suryashakti Kisan Yojana (SKY)

Suryashakti Kisan Yojana (SKY) will enable farmers to generate electricity using solar power, for their own consumption and to sell excessive capacity to power grids for an alternate source of income. The scheme will empower farmers and help the government to achieve doubling farmer's income by 2022 target.

Under the scheme farmers having existing electricity connection will be given a solar panel as per their load requirement. The farmers has to borne 5% of the total cost, while 60% cost will be provided as subsidy by centre and state government and remaining 35% will be provided by bank on affordable interest rate of around 4.5-6%.

In a total of 25 years of project age, Rs 7 per unit will be given for first 7 years and Rs 3.5 will be given for remaining period of 18 years.

Test Your preparation with: 25 Jun, 2018 | Current Affairs multiple choice questions

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