Daily Current Affairs – 2020
Topic: For Prelims and Mains
Index of Industrial Production
Why in news?
Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of August, 2020 (BASE 2011-12=100)
For the month of August 2020, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 116.1.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2020 stand at 83.0, 117.4 and 162.7 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.
- As per Use-based classification, the indices stand at 108.4 for Primary Goods, 75.0 for Capital Goods, 126.6 for Intermediate Goods and 127.7 for Infrastructure/ Construction Goods for the month of August 2020.
Further, the indices for Consumer durables and Consumer non-durables stand at 109.4 and 139.6 respectively for the month of August 2020.
About the Index of Industrial Production:
- The Index of Industrial Production (IIP) is an index that indicates the performance of various industrial sectors of the Indian economy.
- It is calculated and published by the Central Statistical Organisation(CSO) every month.
- It is a composite indicator of the general level of industrial activity in the economy.
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Importance of IIP:
- The Index is used by government agencies and departments such as the Finance Ministry and the RBI for policymaking.
- It is also used for estimating the Gross Value Added of the manufacturing sector quarterly.
- Also, the Index is used by business analysts, financial experts, and the private industry for multiple purposes.
- It is the only measure of the physical volume of production.
- It is also extremely useful for the projection of advance GDP estimates.
IIP Latest Change:
- The latest change in the IIP was made in 2017.
- Any index is to be subject to changes and modifications like changing the base year, including more items in the basket, etc.
- The new and current base year for IIP is 2011 – 12.
- The previous base year was 2004 – 05.
- Another change was the inclusion and deletion of certain items in the data series.
Some items introduced:
- Refined palm oil
- Surgical accessories
- Cement clinkers
Some items removed:
- Chewing tobacco
Topics: GS III (Cyber Security)/Pre & Main
Why in News?
Union Minister of State for Home, Shri G.Kishan Reddy digitally inaugurated the 21st All India Conference of Directors, Fingerprint Bureau 2020 and also on this occasion inaugurated the e -Cyber Lab set up by the National Crime Records Bureau (NCRB).
What is Cyber Security?
It refers to the body of technologies, processes, and practices designed to protect networks, devices, programs, and data from attack, damage, or unauthorized access.
Cyber security may also be referred to as information technology security.
Key Features –
- The Government of India issued the National Cyber Security Policy in 2013, which called for adopting key strategies to protect the country’s cyber security infrastructure.
- Creating a secure environment for electronic transactions, building trust and trust and guiding the actions of stakeholders to protect the cyber world.
- To prepare a framework for comprehensive, cooperative and collective action to deal with cyber security issues at all levels in the country.
- This policy recognizes the need for such objectives and strategies that need to be adopted at the national and international level.
- The vision and mission of this policy is to make the cyber world safe and resilient for citizens, businesses and government.
- Set the goal of securing the nation from cyber attacks and plugging loopholes.
- To enhance cooperation and coordination among all stakeholders within the country.
- Setting objectives and strategies in support of the National Cyber Security Vision and Mission.
Such initiatives and frameworks have been prepared which can be taken forward through government-private partnership at the Government level and at the field level.
This will allow national trends to be monitored, such as cyber security compliance, cyber attacks, cyber crime and cyber infrastructure.
Other steps taken by the government –
- Sections 43, 43A, 66, 66B, 66C, 66D, 66E, 66F, 67, 67A, 67B, 70, 72, 72A and 74 of the Information Technology Act 2000 are specifically related to hacking and cyber crimes.
- Government has approved the framework related to cyber security. For this, the National Security Council Secretariat has been made the nodal agency.
- The National Technology Research Organization has been made the nodal agency for national specific infrastructure and cyber security in specific areas.
- The Indian Computer Emergency Response Team (CERT-IN) was made the nodal agency to analyze, anticipate and warn cyber security threats.
- The Ministry of Home Affairs has issued guidelines for states / UTs on cyber crimes.
- The Ministry of Home Affairs is running a program for the prevention of cyber crimes against women and children.
- The Ministry of Home Affairs has set up an inter-ministerial committee to deal with phone fraud. Apart from this, guidelines have also been issued for the States / UTs.