Daily Current Affairs: Prelims

Parliament passes National Institute of Design (Amendment) Bill

Why in news?

  • Parliament has passed the National Institute of Design (Amendment) Bill, 2019, with the Lok Sabha approving it. The Rajya Sabha has already passed the bill.

News summary

  • The Bill seeks to amend the National Institute of Design Act, 2014, which declares the National Institute of Design, Ahmedabad as an institution of national importance.
  • The bill seeks to declare four National Institutes of Design in Andhra Pradesh, Madhya Pradesh, Assam, and Haryana as institutions of national importance.
  • Currently, these institutes are registered as Societies under the Societies Registration Act, 1860 and do not have the power to grant degrees or diplomas.
  • On being declared institutions of national importance, the four institutes will be granted the power to grant degrees and diplomas.

 

Named driver policy

Why in news?

  • The working group set up by the Insurance Regulatory and Development Authority (IRDAI) has suggested telematics motor insurance and ‘named driver’ policy for motor vehicles.

Named Driver policy:

  • It has recommended Named Driver policy as an option for private car and two wheeler policies.
  • A ‘named driver policy’ as an automobile insurance policy provides coverage only for drivers specifically named on the policy and not for other individuals driving the vehicle.

Telematics:

  • It is recommended to adopt Telematics for Motor Insurance. A central repository of telematics data can be created where data from various sources flows to create a common pool.
  • Insurance Information Bureau of India (IIBI), which acts as data repository for insurance companies, can manage the data and its protection
  • Telematics, or black box insurance, is a car insurance where a small box is fitted to the car. The device will have four components — a GPS system, a motion sensor (or accelerometer), a SIM card, and a computer software.
  • The black box measures various aspects of how, when and where the car is driven. This data can be used to calculate a personalised renewal quote or premium, or in services like the accident alert and theft recovery.

 

Lokpal logo, motto released

Why in news?

  • Lokpal Chairman Justice (retired) Pinaki Chandra Ghose launched the new logo for the apex anti-corruption ombudsman. A new motto was also adopted.

Motto:

  • The new motto of Lokpal is ‘Ma Gridhah Kasyasvidhanam’ which in English means “Do not be greedy for anyone’s wealth.”
  • It has been taken from a sloka of ‘Ishabasoupanishad’.

Logo:

  • The logo symbolises how Lokpal protects and cares for the people of India by establishing justice as per law.
  • The logo symbolizes various essence of LOKPAL figuratively in shapes such as: ombudsman (judges bench), people (three human figures), vigilance (Ashok chakra forming eye–pupil), law (shape of book in orange) and judicial (the tricolor two hands are placed below forming a unique balance). The logo is in tricolor representing the national essence of LOKPAL.

 

 

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