Gujarat Current Affairs - 2019

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Asiatic Lion Conservation Project

The Asiatic Lion Conservation Project was announced by the Centre and the Gujarat government at a cost of Rs 97.85 crore.

Asiatic Lion Conservation Project

Asiatic Lion Conservation Project would use modern information and communication technology for conservation and protection efforts of the Great Gir Region, including GPS-based animal and vehicle tracking, automated sensor grid with movement sensors, night vision capability and real-time monitoring and report generation.
The project will also have a dedicated veterinary institute, “lion ambulances”, and back-up stocks of vaccines that may be required.

The government of Gujarat has envisaged a ‘Greater Gir’ that includes, other than the existing Gir National Park, sanctuaries in Girnar, Pania and Mitiyala. The conservation project also includes “habitat improvement” measures, making more sources of water available, creating a wildlife crime cell, and a task force for the Greater Gir region.

Conservation of Asiatic Lion

In 2013 Supreme Court had ordered translocation of some lions from Gujarat to Madhya Pradesh within six months and the Kuno-Palpur Wildlife Sanctuary in Madhya Pradesh was identified to be the most suitable for reintroducing the species. But no step forwards was made in this regard.

The translocation was planned as part of long-term survival plan so that the objectives of the conservation would be best served if they could be present outside Gujarat, too, so that they are protected against calamities like a forest fire, a disease, or calamities. The deaths of the Asiatic lions in Gujrat last year has again brought the questions of conservation to the forefront.

The other challenge is the increasing number of Asiatic Lions in Gujrat. As a result, several of them were now found outside protected areas and involved in the human-animal conflict as well as in increasing contact with domestic animals as well as feral dogs, from where they could have contracted the virus.

Month: Categories: EnvironmentUPSC

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Government to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in the country. The government has approved a bill to set up a unified regulator.

Fact Box

The first IFSC in India was set up at GIFT City in Gandhinagar, Gujarat.

Promoting the Ease of Doing Business

IFSCs are set-up to bring back the financial services and transactions that are currently carried out in offshore financial centres by Indian corporate entities and overseas branches or subsidiaries of financial institutions (FIs) to India.

In order to ensure this, the business and regulatory environment must be comparable to other leading international financial centres in the world like London and Singapore. Currently, the banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators like the RBI, SEBI and IRDAI respectively.

For IFSCs to attain its objectives there is a need for inter-regulatory coordination. The establishment of a unified financial regulator for IFSCs will result in providing a world-class regulatory environment to market participants from the ease of doing business perspective.

For the setting up of a unified regulator, the Union cabinet has approved the International Financial Services Centres Authority Bill, 2019.

Month: Categories: Bills & ActsUPSC

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