MASTER THE CURRENT AFFAIRS – DAY 149

Q.1) Golden Visa System, sometimes seen in the news recently, is being implemented by which of the following countries?

a. France
b. Australia
c. Saudi Arabia
d. United Arab Emirates

Answer: D
Actor Sanjay Dutt has recently received his golden visa from the UAE government.
Golden Visa
The Golden Visa system for long-term residence visas (5 and 10 years) was implemented in 2019 by the United Arab Emirates (UAE).
It enables the foreigners to live, work and study in the UAE without the need of a national sponsor and with 100% ownership of their business.
Benefit – The main benefit will be security as through the issuance of the Golden Visa; the UAE government provides an extra reason to feel secure for those looking to make the UAE their home.
Eligibility – The Golden Visa is offered to investors, entrepreneurs, individuals with outstanding talents and remarkable students.
For 10-year visa – Investors having no less than AED 10 million worth of public investment (as an investment fund or a company) can apply.
However, at least 60% of the total investment must not be in the form of real estate and the invested amount must not be loaned, or in case of assets, investors must assume full ownership.
The investor must be able to retain the investment for a minimum of 3 years as well.
This 10-year long visa may be extended to include business partners, if each partner contributes AED 10 million.
The long-term visa can also include the holder’s spouse and children, as well as one executive director and one advisor.
Besides entrepreneurs, individuals with specialised talent may be granted a 10-year visa following accreditations given by their respective departments and fields.
Their visa will also be extended to their spouses and children.
For 5-year visa – The norms for investors for the 5-year visa are largely similar as that of the 10-year visa, but they must invest AED 5 million.
Exceptional High school students who rank top in the country (a minimum grade of 95%) and students from certain universities with a GPA of 3.75 or higher upon graduation are eligible for a 5-year visa.
Foreigners who are looking to set up their business in the UAE may also apply for 5-year visa through the Golden Business Visa scheme.

Q.2) Tigray region, recently seen in news, is located in which of the following country?

a) Djibouti
b) Eritrea
c) Ethiopia
d) Somalia

Answer: C
The Tigray Region is the northernmost of the nine regions (kiliat) of Ethiopia. It is the homeland of the Tigrayan, Irob and Kunama people. It is bordered by Eritrea to the north, Sudan to the west, the Amhara Region to the south and the Afar Region to the east and south east.
Recently, with increased atrocities from Ethiopia in Tigray region, USA has imposed restrictions on economic and security assistance to Ethiopia.

Q.3) Consider the following statements regarding MPLAD scheme:

1.The scheme is implemented by the Ministry of Rural Development.
2.Under the scheme every Member of Parliament is entitled to spend Rs 5 crore annually only with respect to matters over which Union Government has subject domain as per seventh schedule.
Which of the above statements is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Answer: D
The Member of Parliament Local Area Development Scheme (MPLAD) was formulated in 1993. Initially the scheme was under the control of the Ministry of Rural Development and Planning. In 1994, the scheme was transferred to the Ministry of Statistics and Programme Implementation.

The scheme enables the Members of Parliament (MPs) to recommend development works in their constituencies with emphasis on the creation of durable community assts based on the locally felt need. Durable assets of National importance and community needs like drinking water, primary education, public health, sanitation and road etc. can be taken up. Hence there is no restrictions that project to be taken should lie within the subject domain as per seventh schedule.

Q.4) Consider the following statements regarding Bodoland Territorial Region, seen recently in news:

1. It is an autonomous region in Arunachal Pradesh.
2. The Bodoland Territorial Council functions under the provision of the fifth schedule of the Constitution.
Which of the above statements is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Answer: D
The Bodoland Territorial Region is an autonomous region in Assam. It is made up of four districts on the north bank of the Brahmaputra River. It includes the districts of Kokrajhar, Chirang, Baksa and Udalgiri.
The Bodoland Territorial Region is administered by an elected body known as the Bodoland Territorial Council which came into existence under the terms of a peace agreement signed in February 2003. It functions under the provision of the sixth schedule of the Constitution.
Recently, Assam Government set up Bodoland Department for faster development of Bodoland Territorial Region.

Q.5) Consider the following statements with respective to Invasive Alien Species

1. It occur in all taxonomic groups, including animals, plants, fungi and microorganisms, and can affect all types of ecosystems.
2. All alien species are not invasive species but all invasive species are aliens.
3. Islands are especially vulnerable to Invasive Alien Species because they are naturally isolated from strong competitors and predators.
Which of the statement(s) given above is/are correct?

a. 1 and 2 only
b. 1 and 3 only
c. 2 and 3 only
d. 1, 2 and 3

Answer: D
Invasive Alien Species
According to IUCN they are species that are introduced, accidentally or intentionally, outside of their natural geographic range and that become problematic and may threatens biological diversity.
In India there are no specific policies to address the issue of IAS, though it is part of several existing biodiversity legislation and regulations.

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