Current Affairs for UPSC IAS

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The increasing access to affordable data service has given rise to these faceless evil worldwide - young children, in particular teenagers, being the most vulnerable victims. One in every three young people has reported to be a victim of cyber bullying, according to a survey conducted by UNICEF in as many as 30 countries. The poll found that nearly one in five parents worldwide said their child had experienced cyber bullying at least once. And, according to a majority of respondents, social networks including Facebook, Instagram, Snapchat and Twitter are the most commonplace sites on which cyber bullying occurs.

The Uttarakhand High Court passed an order denying maternity leave to women in government jobs in case they have a third child. In an order dated September 17, Chief Justice Ramesh Rangnathan and Justice Alok Kumar Verma of the Uttarakhand High Court quashed an earlier order by a single bench.

Global oil prices surged the most on record after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the US has blamed on Iran. In an extraordinary start to trading, Brent futures jumped almost $12 a barrel in the seconds after the open on Monday, the biggest intraday advance in dollar terms since they were launched in 1988. State energy producer Saudi Aramco lost about 5.7 million barrels per day of output on Saturday after 10 unmanned aerial vehicles struck the world’s biggest crude-processing facility in Ab-qaiq and the kingdom’s second-biggest oil field in Khurais. Meanwhile, The United States has issued satellite images and cited intelligence to back its claim that Iran was behind attacks on the oil facilities. Iran denies involvement in the air attacks, which were claimed by Iran-aligned Houthi rebels in Yemen

India and the 10-member ASEAN have agreed to initiate a review of the bilateral free trade agreement (FTA) in goods to make it “more user-friendly, simple and trade facilitative”. India is not happy about the fact that its trade deficit with ASEAN has widened significantly since the pact was implemented in January 2010. As per an assessment, the FTA has led to a 250 per cent increase in India's trade deficit with ASEAN nations.

Oceans act as a sponge for the ill effects of the climate change by absorbing heat and CO2 generated by greenhouse gas emissions. However these same oceans are likely to unleash their wrath on a global scale. According to a draft report of United Nations Intergovernmental Panel on Climate Change (IPCC) destructive changes have already been set in motion. The draft report says that even with most optimistic emission reduction scenario, by the year 2050 many low lying megacities and small island nations will experience extreme sea level events every year. 

The Reserve Bank of India has decided to transfer 1.76 Lakh crore rupees in dividend and surplus reserve to the govt. This came after the RBI board accepted rhe recommendations of Bimal Jalan committee on transfer of excess reserve funds to the govt. The total amount to be transfered by RBI to govt includes 1,23,414 crore rupees surplus for the year 2018-19 and 52,637 crore rupees as excess provisions identified according to the revised economic capital framework or ECF.

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