UPSC Prelims Bits For Today July 09, 2022 | Daily Important Current Affairs For UPSC Prelims

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”UPSC Prelims Bits For Today” is every day published in the morning between 11:00 AM to 12:00 Noon and contains selective current affairs articles. ”UPSC Prelims Bits For Today” covers various topics from UPSC Prelims Syllabus and is very helpful and time managing for UPSC Aspirants. The framing of this daily current affairs compilation article is easy to read and understandable also.

In the ”UPSC Prelims Bits For Today” article, we focus on UPSC Preliminary exam-oriented current affairs covering various sections from leading National Newspapers, PIB, and other various official sources.

Abenomics

In News

Japan’s former Prime Minister Shinzo Abe was assassinated yesterday.

About Shinjo Abe

Shinjo Abe was Japan’s longest-serving prime minister, before standing down in the late summer of 2020.
Perhaps the most high-profile policy of his time in office was “Abenomics”, the economic programme that bears his name.
Mr Abe took office in 2012 at a time when Japan was in recession and Abenomics was seen as helping it return to growth during his first term.
He was honoured with Padma Vibhushan in the year 2021.

What was Abenomics?

Mr Abe’s signature economic programme was the set of policies that he introduced from 2012.
His plan was to jumpstart Japan’s economy out of two decades of stagnation using the so-called three “arrows” of Abenomics:

Monetary policy: Japan’s hyper-easy monetary policy in the form of negative short term interest rates was put in place to make it cheaper for consumers and companies to borrow money and spend.
Fiscal stimulus: Pumping money into the economy, which means the government spending more money on things like infrastructure, or giving financial incentives to companies like tax breaks.
Structural reforms: Corporate reform, adding more women into the workforce, labour liberalisation, and allowing more migrants into the workforce to help ease labour pressures and add to economic growth.

Khasi Hills Autonomous District Council (KHADC)

KHADC: In News

A tribal council in Meghalaya has called for a meeting of traditional heads to revisit the Instrument of Accession, that made the Khasi domain a part of the Indian Union seven decades ago.
Titosstarwell Chyne, the chief executive member of the Khasi Hills Autonomous District Council (KHADC) agreed on it.

The History Of Formation Of KHADC

At the time when India was at the threshold of independence, the Khasi States were offered an option to accede to the Indian Dominion or otherwise which after thorough deliberation, the majority placed their faith with the independent India and one after the other signed the Instrument of Accession
Instrument of Accession and Annexed Agreement signed with the Dominion of India between December 15, 1947, and March 19, 1948.
The treaty was signed by the Governor-General of India, Chakravarti Rajagopalachari, on August 17, 1948.
The Khasi Hills Autonomous District Council (ADC) came into being on June 27, 1952, a culmination of implementation of the provisions of the Sixth Schedule to the Constitution of India to fulfill the aspiration of the Tribal people inhabiting the North-East under one composite state of Assam in recognition of their time-tested autonomous polity safeguarding their traditional heritage, customs, practices, usages and economic security while conferring in them Executive, Legislative and Judicial powers along with developmental and financial powers and functions.
The Khasi States therefore, is still functional today in their independent character under Constitutional sanction of the Sixth Schedule.
The Khasi hills straddle 25 Himas or States that formed the Federation of Khasi States.

Amazon Rainforest

Amazon Rainforest: In News

Deforestation of the Amazon rainforest in Brazil has hit a six-year high.

Amazon Rainforest: Importance

Some 3,988 square kilometres (1,540 square miles) of land were cleared in the region between January and June.
Last year, 3,088 square kilometres of the rainforest were destroyed during the same period.
The Amazon plays an essential role in the planet’s oxygen and carbon dioxide cycles, absorbing vast amounts of greenhouse gases from the atmosphere.
The Amazon is the world’s largest rainforest, but its trees are felled for their wood and to clear space for crops that in turn supply global food companies.
As well as being rich in biodiversity, the area is home to communities who say they need to use the forest for mining and commercial farming in order to make a living.
The high level of deforestation is also feeding a higher than usual number of fires for this time of year.