February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  

Economic Indicators and Various Reports On It- GDP, FD, EODB, WIR etc

Role of regulators in the Stock Market

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NA

Mains level: Stock Market, Role of regulators and investors, SEBI

regulator

Context

  • On 25 January, US-based Hindenburg Research put out a tweet, talking about a negative report on the Adani Group that it had published. The report made many allegations against the group which triggered a fall in the price of their listed stocks.

Crack Prelims 2023! Talk to our Rankers

Just think of this situation

  • A research report is released by a global firm that is also a short seller (that is, one who sells shares that it does not own, but buys them back at a lower price once the price falls).
  • The report outlines areas of concern in a company that is listed in another jurisdiction. The issues raised could relate to the firm’s accounting or market practices.
  • The report is released, quite curiously, before the company is going in for an equity issuance.

What happens after the news?

  • Panic sale: As equity markets run on sentiments, such news leads to a panic sale and the share price of the company comes down sharply.
  • Widespread uncertainty: The market sees investor wealth eroding sharply, leading to widespread uncertainty, as this is how contagions progress.
  • Outrage: Denials are issued by the concerned company while the short seller stands firm on its views. However, shareholders have seen an erosion in their wealth and there is outrage everywhere.

In such a situation, what can the regulator do?

  • Policies and system in place to put verified facts in public domain: It is for regulators in other jurisdictions to have policies/systems in place for verified facts to be put in the public domain.
  • In the current context: The Securities and Exchange Commission of the US would matter and if the broker complied with its rules, then there is nothing to stop their views from being aired in a globalised world. This is why it is said that if any company opts for listing in overseas markets, there is more reason to ensure that its accounts are in place and there are no deviations from best practices.

What can regulators do to protect investors?

  • It is necessary to understand that when share prices tumble: Only when someone sells the shares that have declined in value will a loss be actually incurred. This is the first point that ordinary investors need to keep in mind. While the media will talk of the loss of value and wealth, it is notional for those shareholders who don’t sell. And stock prices will return to their equilibrium once the storm passes.
  • There is a need to have a wide market intelligence network: A special division that continuously analyses the messaging about Indian companies across the world. Given that such reports do not come up without signals being sent along the way, monitoring of views on companies listed overseas would be essential.
  • While citing financial accounting irregularities need to be looked into: the accounting and auditing firms need to take on more responsibility to ensure that the Generally Accepted Accounting Practices (GAAP) are followed for overseas-listed firms. They will have to be made partners in any such crisis in terms of taking ownership and clarifying the same.
  • Detecting price manipulation: Price manipulation, for instance, is one practice that has always been a concern for regulators. And it takes a lot of experience to detect it. Thus exchanges need to ensure that their market watch and surveillance practices are robust. This is where trading patterns can show if there has been market manipulation.
  • Restoring assurance and sanity in the market: It is necessary that investors have some assurance from the regulator, which may be needed to restore sanity in the markets. However, this should be an immediate and time-bound investigation which looks at the allegations or the shortcomings of the report.
  • Investing derivative segments too: As a corollary, the regulator needs to investigate the derivative segment too and probably talk to other regulators to analyse how the short positions have been created and whether they were in order. This will mean being in touch with other regulators, especially the SEC which regulates the jurisdiction for most overseas listings.
  • Audit firms can be employed to flag off the concerns: The regulator should insist that all overseas listed companies have regular investor calls with stakeholders where meetings are recorded and transmitted back home for special teams to examine so that there is a sense of how potential investors feel about the companies.

Conclusion

  • In the cases of overseas reports, investors must have some assurance from the regulator, which can restore sanity in the markets. But investors also need to be proactive when investing. Those who are more active investors would perhaps need to be aware of developments in the companies that they have invested in.

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Digital India Initiatives

Budget and the Digital Governance

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NA

Mains level: Data privacy and digital governance in India

Budget

Context

  • 2023 promises to be a landmark year for technology and digitisation in India. The Union Budget indicates growing prioritisation of these areas. For instance, the Digital India programme has been allotted Rs 4,795.24 crore, the allocation to the Ministry of Electronics and IT has nearly doubled, and there is a 1,000 per cent increase in the funding for the Artificial Intelligence and Digital Intelligence Unit. But something crucial is amiss.

Crack Prelims 2023! Talk to our Rankers

What is the issue?

  • Budget has deep discord between pace of the digitisation and legal policy: Many of the initiatives announced with the budget reinforce the deep discord between the pace of digitisation efforts, and the implementation of effective legal frameworks to strengthen privacy and cybersecurity.

Budget

What is Anonymised data?

  • Anonymised data includes data that does not contain Personally Identifiable Information (PII) like name, age, phone number, address, etc., or data from which PII has been removed.

Analysis: Privacy deficit in India

  • New National Data Governance Policy: A new National Data Governance Policy is going to be introduced to enable access to anonymised data. However, several studies have demonstrated the ease with which anonymised data can be reverse-engineered to identify individuals. Current anonymisation techniques are inadequate and do not guarantee privacy protection.
  • For instance: A study in 2019 was able to accurately reidentify 99.98 per cent of Americans in an anonymised dataset, including information held by the US government on more than 11 million people.
  • Shortfall in Draft Digital Data Protection Bill, 2022: The current Draft Digital Data Protection Bill, 2022, falls short and fails to incorporate safeguards from previous rounds of consultations and even earlier iterations of the Bill.
  • For instance: The 2021 draft imposed a penalty for the intentional reidentification of an individual’s anonymized personal information. This provision has been done away with, amplifying concerns around insufficient limitations and safeguards for privacy.
  • No effective legislative safeguards to prevent access to personal information: The budget also proposes privacy-invasive changes to the Income Tax search and seizure provisions in view of the increased use of technology and digitization. IT officials could seek the assistance of experts to access digital devices and encrypted data. Such broad authorizations are bound to increase the scope for arbitrariness and misuse.

Budget

What issues need to be addressed for expanding the scope of DigiLocker?

  • The budget proposes expanding the scope of DigiLocker. For this measure to truly serve the objective of “Trust Based Governance”, two issues need to be addressed:
  • Strengthening of the cybersecurity infrastructure: Strengthening of the cybersecurity infrastructure, including implementation of the long-awaited National Cyber Security Strategy, to inspire people’s trust, and potentially avert situations like the one in 2020 where 3.8 crore DigiLocker accounts were compromised.
  • Preventing scope creep of Aadhaar: Prevent the continuing scope creep of Aadhaar, which is increasingly being made mandatory not only to avail services and benefits but also to exercise fundamental rights such as voting. The negative human rights impact of the forced, widespread use of Aadhaar has been well-documented.

Did you know?

  • DigiLocker, a government-run cloud-based platform for storing, sharing, and verifying documents and certificates, to make it a one-stop solution of reconciliation and updating of identity and addresses with Aadhaar as foundational identity.

Budget

Conclusion

  • The World Economic Forum’s Global Cybersecurity Outlook 2023 finds that data privacy and cybersecurity regulations are effective for reducing cyber risks. Many new laws have been assured this year on data protection, telecom, internet governance and cybersecurity. As the country kickstarts its G20 presidency and prepares to be a leader in this space, we would do well to prioritise the development of exemplary, rights-respecting privacy and cybersecurity regimes.

Mains question

Q. For the potential of anonymised data to be unleashed without jeopardising people’s privacy, India first needs a robust data protection law. Discuss.

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Digital India Initiatives

India’s Digital Public Infrastructure (DPI)

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Digital public goods

Mains level: DPI ecosystem in India

Digital

Context

  • Public infrastructure has been a cornerstone of human progress. The monopolisation of public infrastructure, which plagued previous generations, has manifested itself in the centralised nature of today’s digital infrastructure. Digital Public Infrastructure (DPI) can fulfil this need, though it faces several challenges.

Crack Prelims 2023! Talk to our Rankers

What is the issue?

  • There is a disturbing trend of the weaponization of data and technology or Digital Colonisation (Hicks, 2019) resulting in a loss of agency, sovereignty and privacy.
  • Therefore, proactively deliberating on how to build good DPI is key to avoiding such challenges.

What Digital Public Infrastructure (DPI) is and what it does?

  • Three foundational sets DPIs mediate the flow of people, money and information.
  • First, the flow of people through a digital ID System.
  • Second, the flow of money through a real-time fast payment system.
  • Third, the flow of personal information through a consent-based data sharing system to actualise the benefits of DPIs and to empower the citizen with a real ability to control data.
  • These three sets become the foundation for developing an effective DPI ecosystem.

DPI in India

  • India, first country to develop all three foundational DPIs: India through India Stack became the first country to develop all three foundational DPIs digital identity (Aadhar), real-time fast payment (UPI) and a platform to safely share personal data without compromising privacy (Account Aggregator built on the Data Empowerment Protection Architecture or DEPA)
  • Techno-legal regulatory frameworks in India: Techno-legal regulatory frameworks are used to achieve policy objectives through public-technology design.
  • For example: India’s DEPA offers technological tools for people to invoke the rights made available to them under applicable privacy laws. Framed differently, this techno-legal governance regime embeds data protection principles into a public-technology stack.
  • DPI most feasible model: DPI has emerged as the most feasible model due to its low cost, interoperability and scalable design, and because of its safeguards against monopolies and digital colonisation.

Digital

Do you know “India Stack”?

  • India Stack is a set of (application programming interface) APIs that allows governments, businesses, startups and developers to utilize a unique digital Infrastructure to solve India’s hard problems towards presence-less, paperless, and cashless service delivery.
  • The Open API team at iSPIRT has been a pro-bono partner in the development, evolution, and evangelization of these APIs and systems.

How DPIs constitute the backbone of a country’s digital infrastructure?

  • Facilitate seamless public service delivery: These layers interface with each other to create an ecosystem that facilitates seamless public service delivery and allows businesses to design novel solutions on top of the DPI layers.
  • Enables the creation of Open Networks as not seen before: India is now developing such open networks for credit (Open Credit Enablement Network), commerce (Open Network for Digital Commerce), Open Health Services Network (UHI) and many more.
  • Generate network effects: When DPIs are integrated, they can generate network effects to create these open networks for various sectors.

Digital

For India’s DPI success to become a worldwide revolution, three types of institutions must be built

  • An independent DPI steward institution: It is important to have a governance structure that is agile and responsive. A multiparty governance process through independent DPI institutions will be accountable to a broad range of stakeholders rather than be controlled by a single entity or group. This can build trust and confidence in DPI. India has created the Modular Open-Source Identity Platform (MOSIP), adopted by nine nations and with already more than 76 million active users.
  • Need to develop global standards through a multilateral dialogue led by India: If standards originating from developed nations were transplanted to an emerging economies’ context without deferring to their developmental concerns, smaller countries would simply be captive to dominant technology players. Additionally, without these standards, Big Tech would likely engage in regulatory arbitrage to concentrate power.
  • Sustainable financing models: Finally, we need to develop sustainable financing models for developing DPI for the world. Currently backed by philanthropic funding, such models are at risk of becoming a tool of philanthropic competition and positioning.

Notes for answer writing

  • In the twenty-first-century, technological innovation has created a tempest of ideological, geographical and economic implications that pose new challenges.
  • The monopolisation of public infrastructure, which plagued previous generations, has manifested itself in the centralised nature of today’s digital infrastructure.
  • It is increasingly evident that the world needs a third type of public infrastructure, following modes of transport such as ports and roads, and lines of communication such as telegraph or telecom but with open, democratic principles built in.
  • Built on top of public infrastructure, democratic countries with largely free markets have fostered public and private innovation and, therefore, generated considerable value creation in societies.
  • However, like in the case of physical infrastructure, it is important that DPIs not succumb to monopolisation, authoritarianism and digital colonisation.

Digital

Conclusion

  • The world needs a new playbook for digital infrastructure that mediates the flow of people, money and information. This will facilitate countries looking to digitally empower their citizens. They can then rapidly build platforms that address the specific needs of people, while ensuring people are able to trust and use the platform – without fear of exclusion or exploitation.

Mains question

Q. What Digital Public Infrastructure (DPI) is and what it does? What can be done for India’s DPI success to become a worldwide revolution?

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

 

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

ISRO Missions and Discoveries

India-US Space Cooperation

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NISAR

Mains level: US- India space collaboration

cooperation

Context

  • India and the United States agreeing to advance space collaboration in several areas, under the ‘initiative on critical and emerging technology’ umbrella, including human space exploration and commercial space partnership, comes at a crucial time for both countries. This follows from the eighth meeting of the U.S.-India Civil Space Joint Working Group (CSJWG), that was held on January 30-31, 2023.

Crack Prelims 2023! Talk to our Rankers

Limiting factors in India-U.S. space cooperation

  • Mismatch in the two nations interests in outer space: The first structural factor that limits long-term India-U.S. space cooperation is the mismatch in the two nations interests in outer space.
  • American ambitions beyond earth orbits: Although the U.S. and its partners stress the importance of maintaining capabilities in low-earth orbit, their ambitions are firmly set on the moon.
  • India’s current focus is on increasing its satellite launch capabilities: India’s scientific community focuses on building the nation’s capability in and under earth orbits. The Gaganyaan human space flight programme hopes to sustain India’s human presence in space for the long term. This is not to say that India does not aim for the moon, Mars or beyond. But India’s top priority is to substantially increase its satellite and launch capabilities in earth orbits and catch up with other spacefaring nations such as China.
  • The asymmetry in capabilities: The U.S. has the highest number of registered satellites in space. It also has a range of launch vehicles serving both commercial and national-security needs.
  • Private sector, for instance: Private entity SpaceX, for example, managed to achieve a record 61 launches in 2022, far higher than the number of launches undertaken by any other commercial entity or country. The American private sector has also assumed the challenge of replacing the International Space Station by 2030 with many smaller stations.
  • The greatest challenge for India here is lack of capacity: The country has just over 60 satellites in orbit and cannot undertake double-digit launches annually. The Indian government also opened the space industry to the private sector only in 2020. Since the U.S. already has an extensive network of partners for space cooperation, it has few technical incentives to cooperate with India.
  • Disagreements on govern space activities: Compounding these problems are disagreements on how best to govern space activities on the moon and other celestial bodies. Even though countries have a mindset to collaborate, the structural factors overpower diplomatic incentives to pursue long-term cooperation.

cooperation

Have you read about “NISAR”?

  • NISAR has been built by space agencies of the US and India under a partnership agreement signed in 2014.
  • The 2,800 kilograms satellite consists of both L-band and S-band synthetic aperture radar (SAR) instruments, which makes it a dual-frequency imaging radar satellite.
  • While NASA has provided the L-band radar, GPS, a high-capacity solid-state recorder to store data, and a payload data subsystem, ISRO has provided the S-band radar, the GSLV launch system and spacecraft.
  • Another important component of the satellite is its large 39-foot stationary antenna reflector.
  • Made of a gold-plated wire mesh, the reflector will be used to focus the radar signals emitted and received by the upward-facing feed on the instrument structure.

cooperation

Some novel solutions

  • Sustained engagement: The standard solution to induce long-term cooperation is to sustain the engagement between academics, the private sector and state-led entities in the two countries. Sustained engagement could also take the form of collaborating on highly specialised projects such as the NASA-ISRO Synthetic Aperture Radar (NISAR) mission.
  • Cooperation and collaboration between state and private entities: One form of cooperation is a partnership between state and private entities; or, as agreed in the most recent meeting, a convention of American and Indian aerospace companies to advance collaboration under the National Aeronautics and Space Administration’s (NASA) Commercial Lunar Payload Services (CLPS) programme. Such an arrangement could be taken further.
  • Reducing dependence: India could send its astronauts to train at American private companies. This could help India reduce its dependence on Russia while ISRO builds its own astronaut training centre.
  • Government-owned New Space India Limited: Another novel arrangement could be a consortium led by the government-owned New Space India Limited which involves private companies in the U.S. This setup could accelerate India’s human spaceflight programme and give the U.S. an opportunity to accommodate Indian interests in earth orbits.

Conclusion

  • The US and India have taken significant strides in advancing the private space sector. Together, these endeavors have the capability to shape and impact U.S. and Indian space policies and programmes over the next decade.

Mains question

Q. The US and India have taken significant strides in space cooperation. Discuss the limiting factors and suggest probable solutions.

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Trade Sector Updates – Falling Exports, TIES, MEIS, Foreign Trade Policy, etc.

India’s Agricultural Farm Exports data expected to reach a new high

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Major farm export/import commodities

Mains level: Read the attached story

export

India’s agricultural exports are poised to scale a new peak in the financial year ending March 31, 2023. But so are imports, bringing down the overall farm trade surplus.

Agriculture trade in a nutshell

  • India’s agricultural exports are expected to reach a new high in FY 2022-23.
  • The value of farm exports from April-December 2022 was 7.9% higher than the same period of the previous year, totalling $39 billion.
  • Imports of agricultural produce have also grown 15.4% from $24.1 billion in April-December 2021 to $27.8 billion in April-December 2022, resulting in a shrinking of the overall farm trade surplus.
  • As a result, there has been a further shrinking of the surplus on the farm trade account.

Note: This newscard provides useful insights regarding agricultural exports-import balance. Aspirants are not advised to memorize the numbers but imbibe the trend.

Drivers of Exports

The two big contributors to India’s agri-export growth have been rice and sugar.

(1) Rice

  • India in 2021-22 shipped out an all-time-high 21.21 million tonnes (mt) of rice valued at $9.66 billion.
  • That included 17.26 mt of non-basmati (worth $6.12 billion) and 3.95 mt ($3.54 billion) of basmati rice.
  • In the current fiscal, the growth has been primarily led by basmati rice.
  • Its exports have gone up by 40.3% in value (from $2.38 billion in April-December 2021 to $3.34 billion in April-December 2022).
  • The corresponding increases have been less for non-basmati exports: 3.3% in value ($4.51 billion to $4.66 billion) and 4.6% in quantity (12.60 mt to 13.17 mt).

(2) Sugars

  • Sugar exports hit a record value of $4.60 billion in 2021-22, as against $2.79 billion, $1.97 billion, $1.36 billion, and $810.90 million in the preceding four fiscals.
  • This fiscal has seen a further surge of 43.6%, from $2.78 billion in April-December 2021 to $3.99 billion in April-December 2022.
  • India exports of rice and sugar are well on course to touch, if not top, $11 billion and $6 billion respectively in 2022-23.

Key imports

More than a general export slowdown, it’s the growth in imports that should be cause for concern.  This has come mainly from three commodities-

(1) Edible oils

  • The first is vegetable oils, whose imports shot up from $11.09 bn in 2020-21 to $18.99 bn in 2021-22.
  • Imports now account for over 60% of the country’s estimated 22.5-23 mt annual oil consumption.

(2) Cotton

  • India has turned from a net exporter to a net importer of cotton.
  • India’s cotton exports reached an all-time-high of $4.33 bn back in 2011-12.
  • It remained at reasonably high levels until 2013-14 ($3.64 bn), before plunging to $1.62 bn by 2016-17 and $1.06 bn in 2019-20.
  • There was a recovery thereafter to $1.90 bn in 2020-21 and $2.82 bn in 2021-22.
  • But during this fiscal, imports have also soared from $414.59 million to $1.32 billion for the same period.

Policy implications

export

  • It can be seen how closely India’s farm performance is linked to international commodity prices.
  • The UN Food and Agriculture Organization’s (FAO) Food Price Index — having a base value of 100 for the 2014-16 period — averaged 122.5 points in 2012-13 and 119.1 points in 2013-14.
  • Those were the years when India’s agri-exports were at $42-43 billion. As the index crashed to 90-95 points in 2015-16 and 2016-17, so did exports to $33-34 billion.
  • The exports recovery in 2020-21 and 2021-22 happened along with — rather, on the back of — rising global prices and the FAO index averaging 102.5 points and 133 points in the two years.

Inferences from this trend

Ans. India’s farm exports will slow down in the months ahead.

  • Moreover, this could be accompanied by increased imports, as was the case from 2014-15 to 2017-18.
  • In the event, the focus of policymakers too, may have to shift from being pro-consumer (to the extent of banning/ restricting exports) to pro-producer (providing tariff protection against unbridled imports).

Way forward

  • The government needs to do something about cotton and edible oils.
  • India’s cotton production has declined from the high of 398 lakh bales in 2013-14 to a 12-year low of 307.05 lakh bales in 2021-22.
  • Clearly, the effects of not allowing new genetic modification (GM) technologies after the first-generation Bt cotton are showing, and impacting exports as well.
  • A proactive approach is required in edible oils as well, where planting of GM hybrid mustard has been permitted with great reluctance — and which is now a matter before the Supreme Court.

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Languages and Eighth Schedule

What is Bhashini Initiative?

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Bhashini Initiaitive

Mains level: Promoting education in vernacular languages

bhashini

Bhashini, a small team at the Ministry of Electronics and IT (MeitY), is currently building a WhatsApp-based chatbot that relies on information generated by ChatGPT to return appropriate responses to queries.

What is Bhashini Initiative?

  • ‘Bhashini,’ one of these initiatives, is a local language translation mission that aims to break the barrier between various Indian tongues by using available technology.
  • This government platform aims to make Artificial Intelligence (AI) and Natural Language Processing (NLP) resources available in the public domain to be used by – Indian MSMEs, startups and individual innovators.
  • This will help developers to offer all Indians easy access to the internet and digital services in their native languages.

How does it work?

  • The project is available on this website: https://www.bhashini.gov.in/en/.
  • It is aimed to build and develop an ecosystem where various stakeholders can unite to maintain an ‘ever-evolving repository of data, training and benchmark datasets, open models, tools and technologies.’
  • This online platform also has a separate ‘Bhashadaan section which allows individuals to contribute to multiple crowdsourcing initiatives and it is also accessible via respective Android and iOS apps.
  • The contribution can be done in four ways — Suno India, Likho India, Bolo India and Dekho India – where users have to type what they hear or have to validate texts transcribed by others.

Importance of Bhashini

  • Bhashini hopes of breaking the massive Indian language barrier and wants developers to offer Indians digital services in their local languages.
  • The project not only has a massive size and magnitude but also has several benefits.
  • India has a chance to create a roadmap to allow internet access for local languages.
  • Moreover, this is important considering the increased availability of smartphones and cheaper data rates are allowing the internet to penetrate the remote and rural areas of the country.

Key initiatives in this regard

  • The National Language Translation Mission (NLTM) was announced in the 2021-22 budget by finance minister Nirmala Sitharaman.
  • The reason behind introducing this mission was a survey that concluded that 53% of Indians who don’t access the internet have said that they would start using the web if it had content available in their native languages.
  • This is where Bhashini comes in with the sole purpose of developing a national digital public platform for languages to provide universal access to content.
  • This is expected to improve the delivery of digital content in all Indian languages.
  • Finally, it will help in creating a knowledge-based society where information is freely and readily available which will make the ecosystem and citizens “Atmanirbhar.”

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Irrigation In India – PMKSY, AIBP, Watershed Management, Neeranchan, etc.

Eastern Rajasthan Canal Project (ERCP)

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Eastern Rajasthan Canal Project (ERCP)

Mains level: Irrigation woes of India

canal

Rajasthan has brought up the issue of the Eastern Rajasthan Canal Project or ERCP before the Prime Minister.

Why in news?

  • The Chief Minister has said that it is not possible for the state government to bear the estimated project cost of around Rs 40,000 crore by itself.
  • The state wants the Centre to declare this as a national project so that the cost-sharing ratio between the Centre and the state becomes 90:10.

Eastern Rajasthan Canal Project (ERCP)

  • ERCP was incepted with the aim of providing water to the drought-prone areas of the state.
  • It aims to harvest surplus water available during the rainy season in rivers in southern Rajasthan, such as the Chambal and its tributaries Kunnu, Parvati, and Kalisindh.
  • The project consists of the construction of two canals:
  1. Chambal Canal (which originates from the Chambal River)
  2. East Rajasthan Canal (which originates from the Mahi River)
  • The ERCP is expected to irrigate about 3.4 million hectares of agricultural land in Rajasthan and Madhya Pradesh states.
  • It is estimated to cost about Rs 51,000 crore and was expected to be completed by 2021.
  • The project was expected to benefit about 2.6 million farmers in Rajasthan and an additional 2.4 million in Madhya Pradesh.

When was the ERCP conceived?

  • In the state Budget for 2017-18, then Rajasthan government had said that the ERCP will help fulfil the long-term irrigation and drinking water needs of 13 districts: Jhalawar, Baran, Kota, Bundi, Sawai Madhopur, Ajmer, Tonk, Jaipur, Karauli, Alwar, Bharatpur, Dausa, and Dholpur.
  • The project was approved by the Central Water Commission in 2017.
  • The state government had sent a proposal to the central government to declare ERCP as a project having national importance.

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

https://indianexpress.com/article/explained/ercp-rajasthan-rivers-project-ashok-gehlot-narendra-modi-8440734/

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Modern Indian History-Events and Personalities

Who was Maharishi Dayanand Saraswati?

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Maharishi Dayanand Saraswati

Mains level: Not Much

dayanand

PM inaugurated celebrations commemorating Maharishi Dayanand Saraswati’s 200th birth anniversary.

Dayanand Saraswati (1824-1883)

  • Dayanand Saraswati (born Mool Shankar Tiwari) was a religious leader and founder of the Arya Samaj, a reform movement in the nineteenth century.
  • He was a profound scholar of the Vedic lore and Sanskrit language.
  • Dayanand was a great scholar, and was well-versed in the Vedas and the Upanishads.
  • He was also proficient in Sanskrit grammar, philosophy, religion, politics and other sciences.

Notable works

(1) Literary works

  • He wrote several books, including the Satyarth Prakash, which became the moral and spiritual foundation of the Arya Samaj.
  • This book was translated into many languages, including Hindi, English and Urdu.

(2) Freedom movement

  • He was the first to give the call for Swaraj as “Indian for India” – in 1876, a call later taken up by Lokmanya Tilak.
  • Subsequently, the philosopher and President of India, S. Radhakrishnan, called him one of the “makers of Modern India”, as did Sri Aurobindo.

(3) Religious reform

  • Denouncing the idolatry and ritualistic worship prevalent in Hinduism at the time, he worked towards reviving Vedic ideologies.
  • He believed that the Vedas should be interpreted in the light of reason and not of blind faith.
  • He also campaigned against animal sacrifice and the worship of idols.

(4) Social reform

  • Dayanand was a staunch advocate of women’s rights.
  • He believed in the equality of all human beings and advocated the abolition of the caste system.

(5) Education

  • Dayanand was an ardent believer in the power of knowledge and education.
  • He established the Gurukul system of education, which provided free education to all, irrespective of caste or gender.
  • Based on his teachings, in 1885 the first DAV School was established at Lahore which was subsequently upgraded to become the first DAV College.
  • In 1886 the DAV College Trust and Management Society was established and registered.

 

Try this PYQ:

Which among the following event happened earliest?

(a) Swami Dayanand established Arya Samaj

(b) Dinabandhu Mitra wrote Neeldarpan

(c) Bankim Chandra Chattopadhyay wrote Anandmath

(d) Satyendranath Tagore became the first India to succeed in the Indian Civil Services Examination.

 

Post your answers here.

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

Innovations in Sciences, IT, Computers, Robotics and Nanotechnology

Scientists discover new ‘Quasicrystals’

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Quasicrystals

Mains level: NA

quasicrystals

Scientists have discovered a new type of quasicrystal, one with 12-fold symmetry, in the Sand Hills of north central Nebraska, USA.

What is a Quasicrystal?

  • Quasicrystal is essentially a crystal-like substance.
  • However, unlike a crystal, in which atoms are arranged in a repeating pattern, a quasicrystal consists of atoms that are arranged in a pattern that doesn’t repeat itself regularly.
  • For the longest time, physicists believed every crystalline arrangement of atoms must have a pattern that repeats itself perfectly over and over again.
  • However, this changed in 1982, when material scientist Dan Shechtman discovered crystal structures that are mathematically regular, but that do not repeat themselves.

How are they formed?

  • Electrical discharge triggered quasicrystal formation in the recent finding.
  • It’s also the first time that researchers have found a quasicrystal somewhere other than meteorites or the debris from nuclear blasts.

Applications of quasicrystals

  • There is no major commercial applications yet exploit properties of the quasicrystalline state directly.
  • Quasicrystals form in compounds noted for their high strength and light weight, suggesting potential applications in aerospace and other industries.
  • They can be used in surgical instruments, LED lights and non-stick frying pans.

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

ISRO Missions and Discoveries

In news: Agasthyarkoodam Observatory

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Agasthyarkoodam Observatory

Mains level: NA

agasthyarkoodam

Agasthyarkoodam was once home to a forgotten and long-lost 19th-century observatory established by Scottish meteorologist John Allan Broun.

Agasthyarkoodam Observatory

  • The Agasthyarkoodam Observatory is an astronomical research observatory located in the state of Kerala.
  • The observatory is situated at an altitude of 1600 meters above sea level and is owned and operated by the Indian Institute of Astrophysics (IIA).
  • The observatory is equipped with a 1-meter optical telescope and various other instruments for studying the night sky.
  • The observatory is used for research and educational purposes and is open to the public for viewing night-sky objects.

Why in news?

  • Agasthyarkoodam in the Western Ghats once housed a magnetic observatory that was established by Scottish meteorologist John Allan Broun.
  • Broun used it to record magnetic and meteorological observations in tandem with the Thiruvananthapuram astronomical observatory.
  • Broun’s astronomical research in India began after he was invited by the ruler of the erstwhile Travancore Uthram Tirunal Marthanda Varma to helm the Thiruvananthapuram observatory following the death of its first director John Caldecott in 1849.
  • The observatory started recording observations in July 1855.
  • However, it was closed in 1881 by the then Madras Governor Sir William Denison.

What are magnetic observatories?

  • Magnetic observatories continuously measure and record Earth’s magnetic field at a number of locations.
  • In an observatory of this sort, magnetized needles with reflecting mirrors are suspended by quartz fibres.
  • Light beams reflected from the mirrors are imaged on a photographic negative mounted on a rotating drum.
  • Variations in the field cause corresponding deflections on the negative.
  • Their magnetograms are photographed on microfilm and submitted to world data centres, where they are available for scientific or practical use.

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

International Space Agencies – Missions and Discoveries

What is Solar Prominence?

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Solar Prominence

Mains level: Not Much

solar

Recently, the sun puzzled many scientists with a large prominence near its north pole.

What is Solar Prominence?

  • A solar prominence (also known as a filament when viewed against the solar disk) is a large, bright feature extending outward from the Sun’s surface.
  • Prominences are anchored to the Sun’s surface in the photosphere, and extend outwards into the Sun’s hot outer atmosphere, called the corona.
  • A prominence forms over timescales of about a day, and stable prominences may persist in the corona for several months, looping hundreds of thousands of miles into space.

How are they formed?

  • Scientists are still researching how and why prominences are formed.
  • The red-glowing looped material is plasma, a hot gas comprised of electrically charged hydrogen and helium.
  • The prominence plasma flows along a tangled and twisted structure of magnetic fields generated by the sun’s internal dynamo.
  • An erupting prominence occurs when such a structure becomes unstable and bursts outward, releasing the plasma.

 

Crack Prelims 2023! Talk to our Rankers

(Click) FREE 1-to-1 on-call Mentorship by IAS-IPS officers | Discuss doubts, strategy, sources, and more

Get an IAS/IPS ranker as your 1: 1 personal mentor for UPSC 2024

Attend Now

JOIN THE COMMUNITY

Join us across Social Media platforms.

💥Mentorship New Batch Launch
💥Mentorship New Batch Launch