Current Affairs 17th November 2022

1.     SUPPLEMENTARY DEMAND FOR GRANTS

  • News: The Centre will likely meet its 6.4% fiscal deficit target for the year or even narrow it marginally, but the gap between the government’s receipts and spending met through borrowing is expected to overshoot the ₹16.6 trillion budget estimate.
  • About Supplementary Demand for Grants:
    • It is needed when the amount authorised by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.
    • This grant is presented and passed by the Parliament before the end of the financial year.
  • Other Types of Grants:
    • Additional Grant:It is granted when a need has arisen during the current financial year for additional expenditure upon some new service not contemplated in the budget for that year.
    • Excess Grant:It is granted when money has been spent on any service during a financial year in excess of the amount granted for that service in the budget for that year. It is voted by the Lok Sabha after the financial year. Before the demands for excess grants are submitted to the Lok Sabha for voting, they must be approved by the Public Accounts Committee of Parliament.
    • Vote of Credit:It is granted for meeting an unexpected demand upon the resources of India, when on account of the magnitude or the indefinite character of the service, the demand cannot be stated with the details ordinarily given in a budget. Hence, it is like a blank cheque given to the Executive by the Lok Sabha.
    • Exceptional Grant:It is granted for a special purpose and forms no part of the current service of any financial year.
    • Token Grant:It is granted when funds to meet the proposed expenditure on a new service can be made available by reappropriation. A demand for the grant of a token sum (of Re 1) is submitted to the vote of the Lok Sabha and if assented, funds are made available. Reappropriation involves transfer of funds from one head to another. It does not involve any additional expenditure.

2.     CALLER ID SYSTEM BY TRAI

  • News: The telecom regulator is set to roll out its mobile phone caller identity system—verified by KYC, or know your customer, details—within the next three weeks.
  • Details:
    • The telecom regulator is set to roll out its mobile phone caller identity system—verified by KYC or know your customer details—within the next three weeks.
    • The caller ID system will be pitched as the government’s replacement for the popular Truecaller app.
    • The caller ID system will be pitched as the government’s replacement for the popular Truecaller app.
    • Trai has conducted several stakeholder consultations to iron out the issues.
    • The regulatory and legal framework needs to keep pace with new developments in order to ensure not only smooth adoption of the new technologies but also protection of state and consumer interests.

3.     INDIA TO SHIFT TO USB C AS COMMON CHARGING PORT

  • News: India will shift to a USB type C charging port for all smart devices after stakeholders reached a consensus at a meeting of an inter-ministerial task force set up by the Centre.
  • About USB Type C:
    • USB-C (properly known as USB Type-C) is a 24-pin USB connector system with a rotationally symmetrical connector.
    • The designation C refers only to the connector’s physical configuration or form factor and should not be confused with the connector’s specific capabilities, which are designated by its transfer specifications (such as USB 3.2).
    • A notable feature of the USB-C connector is its reversibility; a plug may be inserted into a receptacle in either orientation.
    • The USB Type-C Specification 1.0 was published by the USB Implementers Forum (USB-IF) and was finalized in August 2014.

4.     EVERGREENING OF PATENTS

  • News: India is unlikely to agree to a British demand for evergreening of patented medicines under the UK-India free trade agreement.
  • What is Evergreening of Patents:
    • Evergreening is the practice of companies filing for an extension of patent with minor process or product modifications just before the original patent expires at the end of 20 years.
    • It is an issue of access to medicines for countries like India.
  • About Office of the Controller General of Patents, Designs and Trade Marks (CGPDTM):
    • The Office of the Controller General of Patents, Designs and Trade Marks (CGPDTM) generally known as the Indian Patent Office, is an agency under the Department for Promotion of Industry and Internal Trade which administers the Indian law of Patents, Designs and Trade Marks.
    • Term of every patent in India is 20 years from the date of filing of patent application, irrespective of whether it is filed with provisional or complete specification.
    • Since the rights granted by an Indian Patent Office extends only throughout the territory of the India and ceases to have effect in a foreign country, an inventor who wishes patent protection in another country must apply for a patent in a specific country (according to its law) either through :PCT route or through conventional filing of application.
  • About Paris Convention for the Protection of Industrial Property:
    • The Paris Convention for the Protection of Industrial Property, signed in Paris, France, on 20 March 1883, was one of the first intellectual property treaties. It established a Union for the protection of industrial property.
    • The Convention is currently still in force.
    • The substantive provisions of the Convention fall into three main categories: national treatment, priority right and common rules.
    • According to Articles 2 and 3 of this treaty, juristic and natural persons who are either national of or domiciled in a state party to the Convention shall, as regards the protection of industrial property, enjoy in all the other countries of the Union, the advantages that their respective laws grant to nationals.
    • The Paris Convention is administered by the World Intellectual Property Organization (WIPO), based in Geneva, Switzerland.