Note4Students
From UPSC perspective, the following things are important :
Prelims level: Unique Disability IDs (UDIDs)
Mains level: Not Much
The generation of unique disability IDs (UDIDs) had increased from an average of 5,000 a day to an average of 7,000 to 9,000 daily during the 90-day Azadi Se Antodaya Tak campaign.
Why such a move?
- According to the 2011 Census, there were 2.68 crore people with disabilities.
What is Unique Disability IDs (UDIDs)?
- “Unique ID for Persons with Disabilities” project is being implemented with a view of creating a National Database for PwDs, and to issue a Unique Disability Identity Card to each person with disabilities.
- It functions under the Ministry of Social Justice and Empowerment.
- The project aims only to encourage transparency, efficiency and ease of delivering the government benefits to the person with disabilities, and ensure uniformity.
- The project will also help in stream-lining the tracking of physical and financial progress of beneficiary at all levels of hierarchy of implementation – from village level, block level, District level , State level and National level.
Types of disabilities covered
As per the Persons with Disabilities (Equal Opportunities, Protection of Rights & Full Participation) Act, 1995 – A person with a disability can be defined as one with one or more of disabilities falling under any of the below-mentioned categories :
- Blindness
- Leprosy-cured
- Cerebral Palsy: It means a group of non-progressive conditions of a person characterized by abnormal motor control posture resulting from brain insult or injuries occurring in the pre-natal, peri-natal or infant period of development.
- Low vision: It means a person with impairment of visual functioning even after treatment of standard refractive correction but who uses or is potentially capable of using vision for the planning or execution of a task with appropriate assistive device;
- Locomotor disability: It means disability of the bones, joints or muscles leading to substantial restriction of the movement of the limbs or nay form of cerebral palsy;
- Mental retardation: It means a conditions of arrested or incomplete development of mind of a person which is specially characterized by sub normality of intelligence;
- Mental illness: It means any mental disorder other than Mental retardation
- Hearing Impairment: It means loss of sixty decibels or more in the better ear in the conversational range of frequencies
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From UPSC perspective, the following things are important :
Prelims level: INSPACE, NSIL
Mains level: Commercial space activities in India
Principal Scientific Adviser stated earlier this month that the government would soon come up with a new space policy that could initiate the rise of India’s own “SpaceX-like Ventures”.
Prospects of the proposed Space Policy
- The final version of the policy would soon be referred to the Empowered Technology Group for further examination.
- The proposed move would increase private sector participation in the industry.
- The policy document recognizes that India has not tapped into its complete potential in space sector.
Why is development in the space sector important?
Ans. Address wide range of problems
(1) Climate Change
- Satellites provide more accurate information on weather forecasts and assess (and record) long-term trends in the climate and habitability of a region.
- By monitoring the long-term impact of climate change at regional, territorial, and national scales, governments would be able to devise more pragmatic and combative plans of action for farmers and dependent industries.
- Additionally, they can also serve as real-time monitoring and early-warning solutions against natural disasters such as earthquakes, tsunamis, floods, wildfires, mining etc.
- Real-time tracking can also serve multiple purposes in defence.
(2) Connectivity
- In this light, it must be noted that satellite communications, which are used to facilitate telecommunication services, are among the major categories for investment in the space technology sector.
- Satellite communication can reach more remote areas where conventional networks would require a heavy complimenting infrastructure.
- Additionally, as to reliability, the World Economic Forum had stated that satellite communication can help connect 49% of the world’s unconnected population.
- Other prominent categories include spacecraft and equipment manufacturing.
- What essentially needs to be remembered is that the strategic space avenue is an integration of the aerospace, IT hardware and telecom sectors.
Where does India stand in the global space market?
- As per SpaceTech Analytics, India is the sixth-largest player in the industry internationally having 3.6% of the world’s space-tech companies (as of 2021).
- US holds the leader’s spot housing 56.4% of all companies in the space-tech ecosystem.
- Other major players include UK (6.5%), Canada (5.3%), China (4.7%) and Germany (4.1%).
- The Indian Space Industry was valued at $7 billion in 2019 and aspires to grow to $50 billion by 2024.
Why does India matter in the global space-tech market?
- The country’s standout feature is its cost-effectiveness.
- India holds the distinction of being the first country to have reached the Mars’ orbit in its first attempt and at $75 million — way cheaper than Western standards.
Future prospects of India’s private ‘Space’
Ans. India may lead in space junk management
- Almost 60-odd start-ups had registered with the Indian Space Research Organisation (ISRO) this year.
- A majority of them were dealing in projects related to space debris management.
- As space becomes more congested with satellites, the technology would thus help in managing ‘space junk’ (debris of old spacecraft and satellites).
Where does India lack?
Ans. Undisputedly, it is the finances
- The US and Canada were the highest receivers of space-related investment in 2021.
- The US’s space budget was $41 billion in 2021, $23.3 billion of which was focused on NASA.
- India’s total budgetary allocation for FY2022-23 towards the Department of Space was ₹13,700 crore ($172 million).
- Further, as per Tracxn data, funding into the sector’s start-ups (in India) nearly tripled to $67.2 million on a year-over-year basis in 2021.
How is the private sector’s involvement regulated in India?
- In June 2020, the Union government announced reforms in the space sector enabling more private players to provide end-to-end services.
- The central idea was to bring forth a predictable policy and regulatory environment for them and additionally provide access to ISRO facilities and assets to improve their capacities.
(1) Establishment of IN-SPACe
- An announcement for the establishment of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) was made.
- It was mandated the task of promoting, authorising and licensing private players to carry out space activities.
- As an oversight and regulatory body, it is responsible for devising mechanisms to offer sharing of technology, expertise, and facilities free of cost to promote non-government private entities (NGPEs).
- IN-SPACe’s Monitoring and Promotion Directorate oversees NGPE’s activities as per prescribed regulations and reports back in case any corrective actions or resolutions are required.
- ISRO shares its expertise in matters pertaining to quality and reliability protocols, documentation, and testing procedure through IN-SPACe’s ‘interface mechanism’.
(2) Establishment of NSIL
- Additionally, constituted in March 2019, New Space India Ltd (NSIL), is mandated to transfer the matured technologies developed by the ISRO to Indian industries.
- All of them are under the purview of the Ministry of Defence.
- Private sector’s involvement in the long term, as with other commercial sectors, is believed to help spur investment and expertise in the realm which is capital-intensive and demands high technology.
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From UPSC perspective, the following things are important :
Prelims level: Model Tenancy Act
Mains level: Read the attached story
More than a year since the Union Housing and Urban Affairs Ministry circulated the Model Tenancy Act (MTA), only four States had revised their tenancy laws to be in line with the MTA.
What is the Model Tenancy Act?
- MTA is aimed at opening up of the vacant housing stock for rental housing purposes and helping bridge the trust deficit that exists between tenants and landlords by clearly delineating their obligations.
- The housing and urban affairs ministry had floated the draft model tenancy law in July 2019.
Major provisions of MTA
(1) Rent Court and Rent Tribunal:
- To ensure speedy redressal of disputes, the Act calls for establishing a separate Rent Court and Rent Tribunal in every state/UTs to hear appeals for matters connected to rental housing.
- Only the rent court and no civil court will have the jurisdiction to hear and decide the applications relating to disputes between landowner and tenant and matters connected with it.
- It calls for the disposal of complaints and appeals by the Rent Court and Rent Tribunals within 60 days.
(2) Tenancy Agreements:
- It also seeks to establish an independent authority in every state and Union Territory for the registration of tenancy agreements.
- Under the Act, unless otherwise agreed in the tenancy agreement, the landlord will be responsible for activities like structural repairs except those necessitated by damage caused by the tenant etc.
- On his part, a tenant will be responsible for drain cleaning, switches and socket repairs, kitchen fixtures repairs, replacement of glass panels in windows, doors and maintenance of gardens and open spaces, among others.
For residential and commercial properties
- The Act will apply to premises let out for residential, commercial or educational use, but not for industrial use. It also won’t cover hotels, lodging houses, inns, etc.
- This model law will be applied prospectively and will not affect existing tenancies.
- It seeks to cover both urban as well as rural areas.
- The Act says that a security deposit equal to a maximum of two month’s rent in the case of residential premises and a maximum of six month’s rent in the case of non-residential premises would have to be paid by the tenants.
How will states implement it?
- As per the MoU signed under PMAY-U, the states and union territories would legislate or amend the existing rental laws on the lines of the MTA.
Why was a need felt to bring this on?
(1) For a rental economy
- Without a well-rounded rental policy and the proper implementation of the rental contracts, there was no sound mechanism to resolve tenant-landlord conflicts.
- Property owners find it challenging to evict tenants if they misuse the property.
- To steer clear of such complications, such property owners often chose to keep these homes vacant instead of renting them out.
(2) Unattractive rental yield
- In India, the rental yield for residential property is quite low, even in bigger cities. It is in the range of 1.5% to 3% of the capital values.
- This has disincentivized people from investing in second or third homes which could be rented out.
- Often, they also prefer to leave their properties vacant in case they return to India.
- NRIs avoid leasing their residential properties for fear of squatters and dealing with the legalities of eviction.
How will MTA help?
(1) Unlocking homes
- It will unlock vacant houses for rental purposes
- It will enable the creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness.
(2) Helping migrants
- Rental housing is a preferred option for students and migrants.
- It will balance the rights of both landlords and tenants.
(3) Effective negotiations
- There is no monetary ceiling under MTA, which enables parties to negotiate and execute the agreement on mutually agreed terms.
- It will give confidence to landlords to let out their vacant premises, the housing ministry said.
- The Act also tries to address how a renter can legitimately increase the rent.
(4) Control over encroachments
- It has proposed limiting the advance security deposits to two months’ rent and has also suggested heavy penalties for tenants who decide to overstay.
- Those who do may have to shell out double the rent for two months and even four months.
(5) Rights of tenants
- The landowner cannot cut power and water supplies in case of a dispute and would have to provide a 24-hour notice to tenants to carry out repair work.
- Should the landlords wish to increase the rent, they will need to provide a three-months notice to the tenants.
- These measures would go a long way in protecting the rights of a tenant as it regulates the rent hikes that tenants have had to face.
Challenges ahead
While the proposals of the Act have been widely welcomed, their implementation may not be very simple.
(1) Not binding nature
- The Act is not binding on the states as land and urban development remain state subjects.
- Like in the case of RERA, the fear is that states may choose not to follow guidelines, diluting the essence of the Model Act.
(2) Issues over paltry rents
- Also, the Model Act is prospectively applicable and will not affect the existing tenancies.
- The repeal of rent control Acts can be governed by political exigencies.
- This may be a complicated process in cities like Mumbai, where tenants have occupied residential properties in prime areas for absurdly low rents.
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From UPSC perspective, the following things are important :
Prelims level: Raja Ravi Varma
Mains level: Evolution of modern indian art
Ahead of the 175th birth anniversary fete of the legendary artist Raja Ravi Varma, erstwhile royal family of Kilimanoor has urged the Union government to posthumously confer the Bharat Ratna, the country’s highest civilian award, on him.
Raja Ravi Varma
- Raja Ravi Varma was born in April 1848 in Kilimanoor, Kerala, to a family which was very close to the royals of Travancore.
- Often referred to as the father of modern Indian art, he is widely known for his realistic portrayal of Indian gods and goddesses.
- While he majorly painted for the royalty, he is also credited for taking art to the masses with his prints and oleographs.
- At a young age, he would draw animals and everyday scenes on the walls in indigenous colours made from natural materials such as leaves, flowers and soil.
- His uncle, Raja Raja Varma, noticed this and encouraged his talent.
- Patronised by Ayilyam Thirunal, the then ruler of Travancore, he learnt watercolour painting from the royal painter Ramaswamy Naidu, and later trained in oil painting from Dutch artist Theodore Jensen.
How he become an artist of the royals?
- Varma became a much sought-after artist for the aristocrats and was commissioned several portraits in late 19th century.
- Arguably, at one point, he became so popular that the Kilimanoor Palace in Kerala opened a post office due to the sheer number of painting requests that would come in for him.
- He travelled across India extensively, for work and inspiration.
Fame as a notable painter
- Following a portrait of Maharaja Sayajirao of Baroda, he has commissioned 14 Puranic paintings for the Durbar Hall of the new Lakshmi Vilas Palace at Baroda.
- Depicting Indian culture, Varma borrowed from episodes of Mahabharata and Ramayana for the same.
- He also received patronage from numerous other rulers, including the Maharaja of Mysore and Maharaja of Udaipur.
- As his popularity soared, the artist won an award for an exhibition of his paintings at Vienna in 1873.
- He was also awarded three gold medals at the World’s Columbian Exposition in Chicago in 1893.
Nature of his artforms
- Much of his celebrated art also borrows heavily from Indian mythology.
- In fact, he is often credited with defining the images of Indian gods and goddesses through his relatable and more realistic portrayals often painted with humans as models.
- The depictions include Lakshmi as the goddess of wealth, Saraswati as the goddess of knowledge and wisdom, and Lord Vishnu with his consorts, Maya and Lakshmi.
How he took Indian art to the masses?
- Raja Ravi Varma aspired to take his art to the masses and the intent led him to open a Lithographic Press in Bombay in 1894.
- The idea, reportedly, came from Sir T Madhava Rao, former Dewan of Travancore and later Baroda, in a letter where he pointed out to Varma that since it was impossible for him to meet the large demand for his work, it would be ideal for him to send some of his select works to Europe and have them produced as oleographs.
- Varma, instead, chose to establish a printing press of his own.
- The first picture printed at Varma’s press was reportedly The Birth of Shakuntala, followed by numerous mythological figures and saints such as Adi Shankaracharya.
Major works
- It is believed that he had made around 7,000 paintings before his death at the age of 58.
- But only one painting is now left in ‘Chithrashala,’ the artist’s studio at Kilimanoor Palace — an unfinished portrait of ‘Parsi lady’ which was his last work.
- Some of his popular works include ‘Lady in the Moonlight’, ‘Nair Lady Adorning Her Hair’, ‘Malabar Lady with Violin’, ‘Lady with Swarbat’, and ‘Maharashtrian Lady with Fruits’.
Try this PYQ:
There are only two known examples of cave paintings of the Gupta period in ancient India. One of these is paintings of Ajanta caves. Where is the other surviving example of Gupta paintings?
(a) Bagh caves
(b) Ellora caves
(c) Lomas Rishi cave
(d) Nasik caves
Post your answers here.
Back2Basics: Bharat Ratna
- Bharat Ratna – ‘Jewel of India’ is the highest civilian award of the country.
- It is conferred for exceptional Service to the nation in various fields such as Science arts, literature and recognition of public service of the highest order.
- The award can be granted posthumously and since its establishment, seven awards were granted posthumously.
- The award was established by formal President of India Rajendra Prasad on 2nd January 1954.
- The concept of awarding this award posthumously was not there in the original statute declared in January 1954.
- Provision to award posthumously was finally added in January 1966 statute of this prestigious award.
- The medallion is cast in Bronze.
- The medallion is designed like the leaf of a pipal tree with a sunburst in the centre and Bharat Ratna is engraved underneath it.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Tribal revolts in news
Mains level: Tribals uprising and thier contribution to the freedom struggle
Addressing the nation after being sworn in, President Murmu invoked four tribal revolutions that she said had strengthened tribal contribution to the freedom struggle.
[1] Santhal revolution
- On June 30, 1855, over 10,000 Santhals were mobilised by their leaders — Kanho Murmu, Chand Murmu, Bhairab Murmu and Sidho Murmu – to revolt against the East India Company over oppression by revenue officials, zamindars, and corrupt moneylenders.
- The landmark event in tribal history, referred to as Santhal Hul, took place in Bhognadih village in present-day Jharkhand.
- Soon after their open rebellion, Santhals took to arms to resist imposition of East India Company laws.
- The seeds of the protracted rebellion, however, were sown in 1832 where the East India Company created Damin-i-koh region in the forested belt of Rajmahal hills, and invited the Santhals to settle there.
- Over the years, Santhals found themselves at the receiving end of exploitative practices aided by the British.
- After the rebellion broke out in 1855, both sides continued clashing till the uprising was crushed in 1856.
- The British defeated the Santhals using modern firearms and war elephants in decisive action in which both Sidho and Kanho died.
[2] Paika rebellion
- In several recent descriptions, the 1817 Paika Rebellion in Odisha’s Khurda is referred to as the “original” first war of Indian Independence.
- That year, the Paikas – a class of military retainers traditionally recruited by the kings of Odisha – revolted against the British colonial rulers mainly over being dispossessed of their land holdings.
- In the run-up to the revolt, the British had dethroned and exiled the Khurda king in 1803, and then started introducing new revenue settlements.
- For Paikas, who were into rendering martial services in return for hereditary rent-free land (nish-kar jagirs) and titles, this disruption meant losing both their estates and social standing.
- The trigger for the revolt came as some 400 Kondhs descended from the Ghumusar area to rise against the British.
- Bakshi Jagabandhu Bidyadhar Mohapatra Bharamarbar Rai, the highest-ranking military general of the banished Khurda king, led an army of Paikas to join the uprising of the Kondhs.
- The Paikas set fire to government buildings in Banapur, killed policemen and looted the treasury and the British salt agent’s ship docked on the Chilika.
- They then proceeded to Khurda and killed several British officials.
- Over the next few months, the Paikas fought bloody battles at several places, but the colonial army gradually crushed the revolt.
- Bakshi Jagabandhu escaped to the jungles, and stayed out of reach of the British until 1825, when he finally surrendered under negotiated terms.
[3] Kol revolt
- The Kols, tribal people from the Chhota Nagpur area, rose in revolt against the British in 1831.
- The trigger here too was the gradual takeover of tribal land and property by non-tribal settlers who were aided by new land laws.
- The simmering discontent over the economic exploitation of the original inhabitants led to an uprising led by Buddhu Bhagat, Joa Bhagat and Madara Mahato among others.
- The Kols were joined by other tribes like the Hos, Mundas and Oraons.
- The tribals fought with traditional weapons taking the battle to colonial forces who finally overpowered them with modern weaponry.
- The uprising, which spread to areas like Ranchi, Hazaribagh, Palamau, and Manbhum and continued for almost two years before being snuffed out, mainly targeted colonial officials and private money-lenders.
[4] Bhil uprising
- After the British intruded into the Bhil territory in Maharashtra’s Khandesh region, the tribals pushed back fearing exploitation under the new regime in 1818.
- The revolt was led by their leader, Sewaram and was brutally crushed using the British military might.
- This uprising again erupted in 1825 as the Bhils sought to take advantage of reverses being suffered by the British in the first Anglo-Burmese war.
Also read:
Important Rebellions and Peasant Movements
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From UPSC perspective, the following things are important :
Prelims level: N-Treat technology
Mains level: Best practices to treat wastewater
To prevent sludge and sewage from stormwater drains from flowing into the sea, Brihanmumbai Municipal Corporation (BMC) has planned in-situ treatment of sewage from the drains with the help of N-Treat Technology developed by IIT-B.
What is N-Treat technology?
- N-Treat is a seven-stage process for waste treatment that uses screens, gates, silt traps, curtains of coconut fibres for filtration, and disinfection using sodium hypochlorite.
- According to the detailed project report for N-Treat, it is a natural and environment-friendly way of sewage treatment.
- It’s setup takes place within the nullahs channels that is through the in-situ or on-site method of treatment, and does not require additional space.
What does the process involve?
(1) Screening
- The first stage involves screening to prevent the entry of floating objects such as plastic cups, paper dishes, polythene bags, sanitary napkins, or wood.
- IIT-B has proposed to install three coarse screens, the first with 60 mm spacing for removal of large floating matter, the second with 40 mm spacing, and the third with 20 mm spacing.
(2) Slit trap
- The second stage has proposed construction of a silt trap, which creates an inclination and ‘parking spot’ on the bed of the nullah for sedimentation.
(3) Bio zones
- The next three stages are installation of ‘bio zones’ in the form of coconut fibre curtains that will act as filters and promote growth of biofilm to help in decomposition of organic matter.
- A floating wetland with aquatic vegetation planted on floating mats has been proposed.
(4) Florafts
- Aside from a floating bed on the surface, IIT-B has proposed suspending floating rafts vertically, called florafts.
- Their hanging roots would provide a large surface area for passive filtration as well as development of microbial consortium.
- In the floating wetlands, plants acquire nutrition directly from the water column for their growth and development, thus reducing the organic as well as inorganic pollutants.
- The final stage for sewage treatment will include disinfection using sodium hypochlorite, to kill the bacteria in the water.
How will it be used by BMC?
- A senior civic official said: “BMC approached IIT-B to submit a Detailed Project Report for the project.
- The N-Treat method suggested to the civic body is cost-effective, as it does not require manual pumping, and saves electricity, and does not require extensive manpower for maintenance.”
- The floating matter will be removed daily, silt deposits from the silt traps will be removed once in four months, and plants will be trimmed as required.
- The floating matter collected every day will be disposed of at the nearest municipal waste collection point daily.
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From UPSC perspective, the following things are important :
Prelims level: GST Slabs
Mains level: Issues with GST Rationalization
From July 18, a 5% Goods and Services Tax (GST) has been levied on several food items and grains that are sold in a pre-packed, labelled form even if they are not branded.
What is the news?
- So far, these items, which include curd, lassi, buttermilk, puffed rice, wheat, pulses, oats, maize and flour, were exempted from the GST net.
- The fresh tax levies have attracted an outcry from traders as well as consumers.
What is GST?
- GST launched in India on 1 July 2017 is a comprehensive indirect tax for the entire country.
- It is charged at the time of supply and depends on the destination of consumption.
- For instance, if a good is manufactured in state A but consumed in state B, then the revenue generated through GST collection is credited to the state of consumption (state B) and not to the state of production (state A).
- GST, being a consumption-based tax, resulted in loss of revenue for manufacturing-heavy states.
What are GST Slabs?
- In India, almost 500+ services and over 1300 products fall under the 4 major GST slabs.
- There are five broad tax rates of zero, 5%, 12%, 18% and 28%, plus a cess levied over and above the 28% on some ‘sin’ goods.
- The GST Council periodically revises the items under each slab rate to adjust them according to industry demands and market trends.
- The updated structure ensures that the essential items fall under lower tax brackets, while luxury products and services entail higher GST rates.
- The 28% rate is levied on demerit goods such as tobacco products, automobiles, and aerated drinks, along with an additional GST compensation cess.
How did the rate hikes come about?
- The 5% tax on unbranded packed food items was approved by the GST Council.
- Some of the other items to have lost their tax-exempt status include bank cheques, maps and atlases, hotel rooms that cost up to ₹1,000 a night, and hospital room rents of over ₹5,000 a day.
- The pre-packed items weighing over 25 kg would not attract GST.
Why such move?
- This move was part of a broader set of changes in the GST structure to do away with tax exemptions as well as concessional tax rates.
- The Centre and States had discussed the need to raise revenues from the GST, which at the time of its launch five years ago, was premised on levying a ‘revenue-neutral’ rate of 15.5%.
- All affected food items, including wheat, pulses, rice, curd and lassi, will be exempt from GST when sold loose.
What has the government said on the issue?
- FM has hit out at misconceptions about the GST levies on food items and dismissed suggestions that they were imposed unilaterally by the Centre.
- The 5% levy, she said, was critical to curb tax leakages and was not taken by ‘one member’ of the GST Council alone as all States had agreed to the move.
- When GST was rolled out, a GST rate of 5% was made applicable on branded cereals, pulses, flour.
- This was later amended to tax only such items which were sold under a registered brand or brands on which enforceable right was not foregone by the suppliers.
- This tax exemption triggered ‘rampant misuse’ by reputed manufacturers and brand owners leading to a gradual drop in revenues.
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From UPSC perspective, the following things are important :
Prelims level: PHEIC, Monkeypox
Mains level: Rise in zoonotic diseases
The World Health Organization’s Director-General has declared monkeypox a public health emergency of international concern (PHEIC) July 23, 2022.
What is PHEIC?
Definition: Under the International Health Regulations (IHR), a public health emergency is defined as “an extraordinary event which is determined, as provided in these Regulations: to constitute a public health risk to other States through the international spread of disease; and to potentially require a coordinated international response”.
What criteria does the WHO follow to declare PHEIC?
- PHEIC is declared in the event of some “serious public health events” that may endanger international public health.
- The responsibility of declaring an event as an emergency lies with the Director-General of the WHO and requires the convening of a committee of members.
Implications of a PHEIC being declared
The PHEIC is the highest level of alert the global health body can issue.
- There are some implications of declaring a PHEIC for the host country.
- Only polio and SARS-CoV-2 were ongoing PHEIC prior to monkeypox.
- Declaring a PHEIC may lead to restrictions on travel and trade.
Back2Basics: Monkeypox
- The monkeypox virus is an orthopoxvirus, which is a genus of viruses that also includes the variola virus, which causes smallpox, and vaccinia virus, which was used in the smallpox vaccine.
- It causes symptoms similar to smallpox, although they are less severe.
- While vaccination eradicated smallpox worldwide in 1980, monkeypox continues to occur in a swathe of countries in Central and West Africa, and has on occasion showed up elsewhere.
- According to the WHO, two distinct clade are identified: the West African clade and the Congo Basin clade, also known as the Central African clade.
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From UPSC perspective, the following things are important :
Prelims level: Anushilan Samiti
Mains level: Not Much
Union Education and Skill Development Minister has urged NCERT and the Education fraternity to include enough information about Anushilan Samiti, especially in the upcoming National Curriculum Framework
Anushilan Samiti
- Anushilan Samiti was an Indian fitness club, which was actually used as an underground society for anti-British revolutionaries.
- It was founded by Satish Chandra Pramatha Mitra, Aurobindo Ghose and Sarala Devi.
- In the first quarter of the 20th century it supported revolutionary violence as the means for ending British rule in India.
- The organisation arose from a conglomeration of local youth groups and gyms (akhara) in Bengal in 1902.
- It had two prominent, somewhat independent, arms in East and West Bengal, Dhaka Anushilan Samiti (centred in Dhaka), and the Jugantar group (centred in Calcutta).
- It challenged British rule in India by engaging in militant nationalism, including bombings, assassinations, and politically motivated violence.
Revolutionary activities
- The Samiti collaborated with other revolutionary organisations in India and abroad.
- It was led by the nationalists Aurobindo Ghosh and his brother Barindra Ghosh, influenced by philosophies like Italian Nationalism, and the Pan-Asianism of Kakuzo Okakura.
- The Samiti was involved in a number of noted incidents of revolutionary attacks against British interests and administration in India, including early attempts to assassinate British Raj officials.
- These were followed by the 1912 attempt on the life of the Viceroy of India, and the Seditious conspiracy during World War I, led by Rash Behari Bose and Jatindranath Mukherjee respectively.
Defiance from militant nationalism
- The organisation moved away from its philosophy of violence in the 1920s due to the influence of the Indian National Congress and the Gandhian non-violent movement.
- A section of the group, notably those associated with Sachindranath Sanyal, remained active in the revolutionary movement, founding the Hindustan Republican Association in north India.
- A number of Congress leaders from Bengal, especially Subhash Chandra Bose, were accused by the British Government of having links with the organisation during this time.
- The Samiti’s violent and radical philosophy revived in the 1930s, when it was involved in the Kakori conspiracy, the Chittagong armoury raid, and other actions against the administration in British-occupied India.
Other personalities associated with Anushilan Samiti
- Legends like, Deshabandhu Chittaranjan Das, Surendranath Tagore, Jatindranath Banerjee, Bagha Jatin were associated with Anushilan Samiti.
- Dr Hedgewar who established the Rashtriya Swayamsevak Sangh (RSS) was also an alumnus of the Samity.
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From UPSC perspective, the following things are important :
Prelims level: Transitional Tax Credit
Mains level: Not Much
Taxpayers who had missed out on getting the benefit of transitional tax credits during India’s switchover to the Goods and Services Tax (GST) regime five years ago, will now get a fresh window to avail them.
What is Transitional Tax Credit?
- A tax credit is a component of a company’s tax payment that can be applied to offset a subsequent tax obligation.
- When India moved to the GST regime in 2017, companies had to transition the credit sitting on their books.
- So, the closing balance in the old tax regime would become the opening credit balance under GST.
- When India moved from the old indirect tax regime to GST, a one-time transition of credit was allowed.
- That is, companies could set off part of the taxes paid during the old tax regime against future GST liabilities.
- Many companies claimed that they had simply forgotten to claim the transitional credit.
Why in news?
- The Supreme Court has directed the revenue authorities to facilitate such credits.
- The move is likely to benefit hundreds of GST assessees who had hitherto not been able to avail such credits.
- They will be given two-month window to claim during September and October.
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From UPSC perspective, the following things are important :
Prelims level: Doctrine of Lapse
Mains level: Not Much
A 19th-century painting of Raja Serfoji and his son Sivaji, which was stolen from Saraswathi Mahal, Thanjavur, a few years ago has been traced to the Peabody Essex Museum, Massachusetts, in the US.
Who was Raja Serfoji?
- For long, the rulers of Thanjavur had been devoid of absolute power.
- Serfoji, placed by the British on the throne over his stepbrother Amar Singh, died in 1832.
- His only son Sivaji ruled until 1855.
- However, he had no male successor.
- Thanjavur became a casualty of Lord Dalhousie’s infamous ‘Doctrine of Lapse’, and it got absorbed into British-ruled Indian provinces.
- The painting, which has Raja Serfoji and his young son, according to some historians, was probably painted between 1822 and 1827 and kept in the Saraswathi Mahal.
Back2Basics: Doctrine of Lapse
- Between 1848 and 1856, Lord Dalhousie, the Governor-General of India, devised the Doctrine of Lapse as an annexation policy.
- It was an idea to annex those states which have no heir.
- They lose the right of ruling, and it will not be reverted by the adoption of a child.
- It was one of the key components that added to the 1857 revolt.
Features of the doctrine
- Any princely state or any territory under the direct influence of the British, as a vassal state under the British Subsidiary System, would inevitably be annexed if the ruler was either “manifestly incompetent or died without a direct heir”.
- It ousted the age-old right of an Indian ruler without an heir to select a successor.
- Additionally, the British decided whether potential rulers were competent enough or not.
Annexations made under this policy
Annexation Year
Satara 1848
Jaitpur 1849
Sambalpur 1849
Baghat 1850
Udaipur 1852
Jhansi 1853
Nagpur 1854
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From UPSC perspective, the following things are important :
Prelims level: Kali Bein
Mains level: River water management issues
Punjab CM has been admitted to hospital, days after he had drunk a glass of water directly from the Kali Bein, a holy rivulet in Sultanpur Lodhi.
What is the Kali Bein?
- The 165-km rivulet starts from Hoshiarpur, runs across four districts and meets the confluence of the rivers Beas and Sutlej in Kapurthala.
- Along its banks are around 80 villages and half a dozen small and big towns.
- Waste water from there as well as industrial waste used to flow into the rivulet via a drain, turning its waters black, hence the name Kali Bein (black rivulet).
- Dense grass and weeds grew on the water until a cleaning project started.
Why did Punjab CM drink water from it?
- The occasion was the 22nd anniversary of the cleaning project, which had started on July 16, 2000.
- The project has been slow for years after having made remarkable progress in the initial years.
- Nevertheless, when Mann drank water from it directly, it was a much cleaner Kali Bein than it was before 2000.
Cultural significance
- The Kali Bein is of great significance to Sikh religion and history, because the first Guru, Nanak Dev, is said to have got enlightenment here.
- When Guru Nanak Dev was staying at Sultanpur Lodhi with his sister Bebe Nanki, he would bathe in the Kali Bein.
- He is said to have disappeared into the waters one day, before emerging on the third day.
- The first thing he recited was the “Mool Mantra” of the Sikh religion.
How did the cleaning project start?
- It was started by environmentalist Baba Balbir Singh Seechewal with a handful of followers, without government help.
- They removed weeds, treated the water and spread awareness among residents.
- Six years of hard work paid off when then President A P J Abdul Kalam visited the site in 2006 and praised them for their effort.
- The then government in Punjab then announced that it would take up the project to stop the discharge of untreated water into the rivulet.
What is its national significance?
- At one stage, the project had become a role model for river cleaning missions.
- The ‘Kali Bein Model’ was cited as the blueprint for the National Mission for Clean Ganga.
- Uma Bharti, then Union Minister for Water Resources, River Project and Ganga Rejuvenation, visited the Kali Bein in 2015, and called it a Guru Sthan for the Ganga project.
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From UPSC perspective, the following things are important :
Prelims level: Rupee-Dollar relation
Mains level: Issues with Rupees depreciation
The RBI is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks.
Must read:
[Burning Issue] Global Trade in Rupees
Is there a forex crisis underway?
- And the way in which India has tackled foreign exchange crises over the years has been quite profound.
- A forex crisis can be loosely defined as one where the rupee starts depreciating rapidly or when forex reserves slide precipitously.
- Ever since India’s reforms of 1991-92, the external sector has been liberalized, with even full capital account convertibility being considered at one point.
In the rupee’s context, let’s look at options that have been used in the last three decades or so:
(1) Selling dollars
- The first course of action has been selling dollars in the spot forex market.
- This is fairly straightforward, but has limits as all crises are associated with declining reserves.
- While this money is meant for a rainy day, they may just be less than adequate.
- The idea of RBI selling dollars works well in the currency market, which is kept guessing how much the central bank is willing to sell at any point of time.
(2) NRI deposits
- The second tool used is aimed at garnering non-resident Indian (NRI) deposits.
- It was done in 1998 and 2000 through Resurgent India bonds and India Millennium Deposits, when banks reached out asking NRIs to put in money with attractive interest rates.
- The forex risk was borne by Indian banks.
- This is always a useful way for the country to mobilize a good sum of forex, though the challenge is when the debt has to be redeemed.
- At the time of deposits, the rates tend to be attractive, but once the crisis ends, the same rate cannot be offered on deposit renewals.
- Therefore, the idea has limitations.
(3) Let oil importers buy dollars themselves
- The third option exercised often involves getting oil importing companies to buy dollars directly through a facility extended by a public sector bank.
- Its advantage is that these deals are not in the open and so the market does not witness a large demand for dollars on this account.
- It is more of a sentiment cooling exercise.
(4) Let exporters trade in dollars
- Another tool involves a directive issued for all exporters to mandatorily bring in their dollars on receipt that are needed for future imports.
- This acts against an artificial dollar supply reduction due to exporter hold-backs for profit.
(5) Liberalized Exchange Rate
- The other weapon, once used earlier, is to curb the amount of dollars one can take under the Liberalized Exchange Rate Management System.
- This can be for current account purposes like travel, education, healthcare, etc.
- The amounts are not large, but it sends out a strong signal.
(6) Forward-trade marketing
- Another route used by RBI is to deal in the forward-trade market.
- Its advantage is that a strong signal is sent while controlling volatility, as RBI conducts transactions where only the net amount gets transacted finally.
- It has the same power as spot transactions, but without any significant withdrawal of forex from the system.
(7) Currency swaps
- The other tool in India’s armoury is the concept of swaps.
- This became popular post 2013, when banks collected foreign currency non-resident deposits with a simultaneous swap with RBI, which in effect took on the foreign exchange risk.
- Hence, it was different from earlier bond and deposit schemes.
Most preferred options by the RBI
- Above discussed instruments have been largely direct in nature, with the underlying factors behind demand-supply being managed by the central bank.
- Of late, RBI has gone in for more policy-oriented approaches and the last three measures announced are in this realm.
(8) Allowing banks to work in the NDF market
- First was allowing banks to work in the non-deliverable forwards (NDF) market.
- This is a largely overseas speculative market that has a high potential to influence domestic sentiment on our currency.
- Here, forward transactions take place without real inflows or outflows, with only price differences settled in dollars.
- This was a major pain point in the past, as banks did not have access to this segment.
- By permitting Indian banks to operate here, the rates in this market and in domestic markets have gotten equalized.
(9) Capital account for NRI deposits
- More recently, RBI opened up the capital account on NRI deposits (interest rates than can be offered), external commercial borrowings (amounts that can be raised) and foreign portfolio investments (allowed in lower tenure securities), which has the potential to draw in forex over time.
- Interest in these expanded contours may be limited, but the idea is compelling.
(10) Settlement in Rupees
- RBI’s permission for foreign trade deals to be settled in rupees is quite novel; as India is a net importer, gains can be made if we pay in rupees for imports.
- The conditions placed on the use of surpluses could be a dampener for potential transactions.
- But the idea is innovative and could also be a step towards taking the rupee international in such a delicate situation.
- Clearly, RBI has constantly been exploring ways to address our forex troubles and even newer measures shouldn’t surprise us.
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From UPSC perspective, the following things are important :
Prelims level: Asiatic Cheetah
Mains level: Cheetah reintroduction project
India came one step closer to bringing back the world’s fastest animal, the Cheetah to the country with an agreement signed in New Delhi with Namibia.
Asiatic Cheetah
- Cheetah, the world’s fastest land animal was declared extinct in India in 1952.
- The Asiatic cheetah is classified as a “critically endangered” species by the IUCN Red List, and is believed to survive only in Iran.
- It was expected to be re-introduced into the country after the Supreme Court lifted curbs for its re-introduction.
Distribution of cheetahs in India
- Historically, Asiatic cheetahs had a very wide distribution in India.
- There are authentic reports of their occurrence from as far north as Punjab to Tirunelveli district in southern Tamil Nadu, from Gujarat and Rajasthan in the west to Bengal in the east.
- Most of the records are from a belt extending from Gujarat passing through Maharashtra, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Jharkhand and Odisha.
- There is also a cluster of reports from southern Maharashtra extending to parts of Karnataka, Telangana, Kerala and Tamil Nadu.
- The distribution range of the cheetah was wide and spread all over the subcontinent. They occurred in substantial numbers.
- The cheetah’s habitat was also diverse, favouring the more open habitats: scrub forests, dry grasslands, savannahs and other arid and semi-arid open habitats.
What caused the extinction of cheetahs in India?
- The major reasons for the extinction of the Asiatic cheetah in India:
- Reduced fecundity and high infant mortality in the wild
- Inability to breed in captivity
- Sport hunting and
- Bounty killings
- It is reported that the Mughal Emperor Akbar had kept 1,000 cheetahs in his menagerie and collected as many as 9,000 cats during his half-century reign from 1556 to 1605.
- The cheetah numbers were fast depleting by the end of the 18th century even though their prey base and habitat survived till much later.
- It is recorded that the last cheetahs were shot in India in 1947, but there are credible reports of sightings of the cat till about 1967.
Conservation objectives for their re-introduction
- Based on the available evidence it is difficult to conclude that the decision to introduce the African cheetah in India is based on science.
- Science is being used as a legitimising tool for what seems to be a politically influenced conservation goal.
- This also in turn sidelines conservation priorities, an order of the Supreme Court, socio-economic constraints and academic rigour.
- The issue calls for an open and informed debate.
Issues in re-introduction
- Experts find it difficult whether the African cheetahs would find the sanctuary a favorable climate as far as the abundance of prey is concerned.
- The habitat of cheetahs is needed to support a genetically viable population.
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From UPSC perspective, the following things are important :
Prelims level: Heat waves
Mains level: Read the attached story
The UK posted its highest temperature ever recorded — crossing 40°C. Parts of France, Spain and Portugal recorded temperatures between 42 and 46 degrees.
Why in news?
- Dozens of towns and regions across Europe reeled under what has been described as a “heat apocalypse”, which has caused widespread devastation this year.
- Wildfires caused by a combination of extreme heat and dry weather have destroyed 19,000 hectares of forest in southwestern France.
What is a Heatwave and when is it declared?
- Heatwaves occur over India between March and June.
- IMD declares a heatwave event when the maximum (day) temperature for a location in the plains crosses 40 degrees Celsius.
- Over the hills, the threshold temperature is 30 degrees Celsius.
How are they formed?
- Heatwaves form when high pressure aloft (3,000–7,600 metres) strengthens and remains over a region for several days up to several weeks.
- This is common in summer (in both Northern and Southern Hemispheres) as the jet stream ‘follows the sun’.
- On the equator side of the jet stream, in the upper layers of the atmosphere, is the high pressure area.
- Summertime weather patterns are generally slower to change than in winter. As a result, this upper level high pressure also moves slowly.
- Under high pressure, the air subsides (sinks) toward the surface, warming and drying adiabatically, inhibiting convection and preventing the formation of clouds.
- Reduction of clouds increases shortwave radiation reaching the surface.
- A low pressure at the surface leads to surface wind from lower latitudes that brings warm air, enhancing the warming.
- Alternatively, the surface winds could blow from the hot continental interior towards the coastal zone, leading to heat waves.
Following criteria are used to declare a heatwave:
To declare heatwave, the below criteria should be met at least in 2 stations in a Meteorological subdivision for at least two consecutive days and it will be declared on the second day.
a) Based on Departure from Normal
- Heat Wave: Departure from normal is 4.5°C to 6.4°C
- Severe Heat Wave: Departure from normal is >6.4°C
b) Based on Actual Maximum Temperature (for plains only)
- Heat Wave: When actual maximum temperature ≥ 45°C
- Severe Heat Wave: When actual maximum temperature ≥47°C
How long can a heatwave spell last?
- A heatwave spell generally lasts for a minimum of four days.
- On some occasions, it can extend up to seven or ten days.
Impact of Heat Waves
- Heat Strokes: The very high temperatures or humid conditions pose an elevated risk of heat stroke or heat exhaustion.
- Healthcare crisis: Effects from extreme heat are also associated with increased hospitalisations and emergency room visits, increased deaths from cardio-respiratory and other diseases, mental health issues, adverse pregnancy and birth outcomes, etc.
- Productivity loss: Extreme heat also lessens worker productivity, especially among the more than 1 billion workers who are exposed to high heat on a regular basis.
- Risk of Wildfires: The heat domes act as fuel to wildfires, which destroys a lot of land area every year in countries like the US.
- Prevents Cloud Formation: The condition also prevents clouds from forming, allowing for more radiation from the sun to hit the ground.
- Effect on Vegetation: The trapping of heat can also damage crops, dry out vegetation and result in
- Increased Energy Demands: The sweltering heat wave also leads to rise in energy demand, especially electricity, leading to pushing up rates.
- Power Related Issues: Heat waves are often high mortality disasters.
- Infrastructure failure: Avoiding heat-related disasters depends on the resilience of the electrical grid, which can fail if electricity demand due to air conditioning use exceeds supply.
What is behind the extreme heat waves in Europe?
Ans. Climate change, but exactly how
- Scientists are near-unanimous that the heat waves are a result of climate change caused by human activity.
- Global temperatures have already risen by more than 1°C , and studies in the UK had shown that a one degree rise in temperature raises the probability of the country witnessing 40°C by ten times.
- The rising global temperature, which this year led to deviations above the normal by as much as 15 degrees in Antarctica, and by more than 3 degrees in the north pole.
Major factor: Changes in old wind patterns
- In the case of the US, the record temperatures are being linked to changes in the jet stream — a narrow band of westerly air currents that circulate several km above the earth’s surface.
- While a conventionally strong jet stream would bring cooler air from the northern Atlantic, in recent years the jet stream has weakened and split into two.
- This has led to intense and more frequent heat waves over parts of the American continent.
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From UPSC perspective, the following things are important :
Prelims level: Micronesia
Mains level: Not Much
The Federated States of Micronesia is one of the latest places on Earth to experience an outbreak of Covid-19, after two and a half years of successfully protecting itself from the virus.
Where is Micronesia?
- FSM is located in the Western Pacific, in the Micronesia sub-region of Oceania.
- It consists of four island states, Yap, Chuuk, Kosrae and Pohnpei (where the capital Palikir is located), all in the Caroline Islands.
- Also known as the Carolines, it is a scattered archipelago of small islands that are divided between Micronesia and the Republic of Palau.
- FSM is composed of 607 islands and islets with a total land area of 702 square km.
Its geography
- While this area is rather small, the islands stretch across an estimated 2,900 sq. km of sea, giving the nation the 14th largest Exclusive Economic Zone (EEZ) in the world.
- EEZs grant countries special right over marine resources up to 370 km from their coasts.
- The Federated States of Micronesia shares its sea borders with other small island nations and territories in the Micronesia region like Guam, the Republic of Marshall Islands, Palau, Kiribati, and the Mariana Islands.
- Its larger neighbouring states — separated by large swathes of the Pacific Ocean — including the Philippines in the west, Hawaii in the east, Papua New Guinea and Australia to the south, and Japan to the north.
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From UPSC perspective, the following things are important :
Prelims level: Tetrapods
Mains level: Not Much
In Mumbai, the unusual vibrations (like earthquakes), coinciding with high-tide times, were the result of the relocation of tetrapods as part of the ongoing Coastal Road Project (MCRP).
What are tetrapods?
- Tetra pod in Greek means four-legged.
- These are four-legged concrete structures that are placed along coastlines to prevent erosion and water damage.
- Tetrapods were first used in France in the late 1940s to protect the shore from the sea.
- They are typically placed together to form an interlocking but porous barrier that dissipates the power of waves and currents.
- These are large structures, sometimes weighing up to 10 tonnes, and interlocked tetra pods act as a barrier that remains stable against the rocks when buffeted by waves.
- Tetrapods, each weighing about 2 tonnes, were placed along Marine Drive in the late 1990s to break and dissipate waves and maintain the reclaimed shoreline in South Mumbai.
How do we know that the removal of the tetrapods was responsible?
- The BMC has provided vibration monitoring instruments at the site to study the impact of the phenomenon.
- While the corporation has not officially stated that the removal of the tetrapods caused the vibrations, it has agreed to re-install the structures.
- They would be put back over the next two-three days during low tide.
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From UPSC perspective, the following things are important :
Prelims level: NA
Mains level: India's defence exports
Our defence exports have increased seven times in the last eight years, informed the Prime Minister. We had achieved defence exports worth ₹13,000 crore and of this 70% was from the private sector.
Why in news?
- The Indian Defence sector, the second largest armed force is at the cusp of revolution.
India’s Defence Exports
- India has put out a range of military hardware on sale which includes various missile systems, Light Combat Aircraft (LCA), helicopters, warship and patrol vessels, artillery guns, tanks, radars etc.
- From 2016-17 to 2018-19, the country’s defence exports have increased from ₹1,521 crore to ₹10,745 crore, a staggering 700% growth.
Steps taken by the Centre to boost defence production
- Licensing relaxation: Measures announced to boost exports since 2014 include simplified defence industrial licensing, relaxation of export controls and grant of no-objection certificates.
- Lines of Credit: Specific incentives were introduced under the foreign trade policy and the Ministry of External Affairs has facilitated Lines of Credit for countries to import defence product.
- Policy boost: The Defence Ministry has also issued a draft Defence Production & Export Promotion Policy 2020.
- Indigenization lists: On the domestic front, to boost indigenous manufacturing, the Government had issued two “positive indigenization lists” consisting of 209 items that cannot be imported.
- Budgetary allocation: In addition, a percentage of the capital outlay of the defence budget has been reserved for procurement from domestic industry.
- Defence Industrial Corridors: The government has also announced 2 dedicated Corridors in the States of TN and UP to act as clusters of defence manufacturing that leverage existing infrastructure, and human capital.
- Long-term vision: The vision of the government is to achieve a turnover of $25 bn including export of $5 bn in Aerospace and Defence goods and services by 2025.
- Push for self-reliance: The govt has identified the Defence and Aerospace sector as a focus area for the ‘Aatmanirbhar Bharat’ or Self-Reliant India initiative.
Issues retarding defence exports
- Excess reliance on Public Sector: India has four companies (Indian ordnance factories, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL) and Bharat Dynamics Limited (BDL)) among the top 100 biggest arms producers of the world.
- Policy delays: In the past few years, the government has approved over 200 defence acquisition worth Rs 4 trillion, but most are still in relatively early stages of processing.
- Lack of Critical Technologies: Poor design capability in critical technologies, inadequate investment in R&D and the inability to manufacture major subsystems and components hamper the indigenous manufacturing.
- Long gestation: The creation of a manufacturing base is capital and technology-intensive and has a long gestation period. By that time newer technologies make products outdated.
- ‘Unease’ in doing business: An issue related to stringent labour laws, compliance burden and lack of skills, affects the development of indigenous manufacturing in defence.
- Multiple jurisdictions: Overlapping jurisdiction of the Ministry of Defence and Ministry of Industrial Promotion impair India’s capability of defence manufacturing.
- Lack of quality: The higher indigenization in few cases is largely attributed to the low-end technology.
- FDI Policy: The earlier FDI limit of 49% was not enough to enthuse global manufacturing houses to set up bases in India.
- R&D Lacunae: A lip service to technology funding by making token allocations is an adequate commentary on our lack of seriousness in the area of Research and Development.
- Lack of skills: There is a lack of engineering and research capability in our institutions. It again leads us back to the need for a stronger industry-academia interface.
Way forward
- Reducing import dependence: India was the world’s second-largest arms importer from 2014-18, ceding the long-held tag as the largest importer to Saudi Arabia, says 2019 SIPRI report.
- Security Imperative: Indigenization in defence is critical to national security also. It keeps intact the technological expertise and encourages spin-off technologies and innovation that often stem from it.
- Economic boost: Indigenization in defence can help create a large industry which also includes small manufacturers.
- Employment generation: Defence manufacturing will lead to the generation of satellite industries that in turn will pave the way for a generation of employment opportunities.
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From UPSC perspective, the following things are important :
Prelims level: Fast Radio Burst (FRB)
Mains level: Not Much
A strange radio signal (called Fast Radio Bursts) has been detected in a galaxy several billion light-years from Earth, a recent study claimed.
What is an FRB?
- The first FRB was discovered in 2007, since when scientists have been working towards finding the source of their origin.
- Essentially, FRBs are bright bursts of radio waves (radio waves can be produced by astronomical objects with changing magnetic fields).
- Its durations lie in the millisecond scale, because of which it is difficult to detect them and determine their position in the sky.
Who discovered it?
- The X-ray portion of the simultaneous bursts was detected by several satellites, including NASA’s Wind mission.
- Further, a NASA-funded project called Survey for Transient Astronomical Radio Emission 2 (STARE2) also detected the radio burst.
Why are they significant?
- First noticed in 2018 by the Canadian observatory the waves have created ripples across the globe for one reason — they arrive in a pattern.
- This gave birth to theories that they could be from an alien civilization.
- Initially, it was believed that the collision of black holes or neutron stars triggers them.
- But the discovery of repeating FRBs debunked the theory of colliding objects.
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From UPSC perspective, the following things are important :
Prelims level: ECB
Mains level: Not Much
The Reserve Bank of India has relaxed norms for companies raising external commercial borrowings (ECBs), as part of a set of measures to stem the slide in the rupee.
What are ECBs taken by Indian companies?
- ECBs are commercial loans that eligible resident entities can raise from outside India, i.e. from a recognized non-resident entity.
- ECBs can be buyer’s credit, supplier’s credit, foreign currency convertible bonds, foreign currency exchangeable bonds, loans etc.
- ECBs can be raised via the automatic route where cases are examined by the Authorized Category Dealer, or the approval route where borrowers are mandated to forward their request to RBI through their authorized dealers.
- Borrowers must follow norms on minimum maturity period, maximum all-in-cost ceiling, end-uses etc.
What is the relaxation offered by the RBI?
- RBI earlier had raised borrowing limit under the automatic route from $750 million or its equivalent per financial year to $1.5 bn up till up to 31 December, 2022.
Why such move?
- The objective was to increase the supply of foreign exchange reserves.
- This in turn would thereby prevent the fast depreciation of the rupee witnessed over the last few months.
What clarity do foreign lenders want from RBI?
- Lenders want to know whether the investment grade needs to be rated by domestic or international agencies.
- If it is only by global agencies, it would limit the number of potential borrowers.
- This is because companies which might be rated high domestically might not necessarily have made the investment grade when rated by international agencies.
Why do Indian firms go for ECBs?
- Low cost: ECBs give companies the benefit of borrowing abroad at lower interest rates.
- Long term repayment: They are also an avenue to borrow a large volume of funds for a relatively long period of time.
- Surpassing exchange fluctuation: Also, borrowing in foreign currencies enables companies to pay for their machinery import etc., thereby nullifying the impact of varying exchange rate.
- Long term profitability: ECBs can help diversify the investor base and funds available at lower cost, helping improve profitability of companies.
- Better credit ratings: ECB interest rates are also a function of their ratings in the international market.
What are the risks for firms raising ECBs?
- Though companies get attracted to ECBs due to lower interest rates, the comfort level of the borrower depends on how stable the rate of exchange is.
- Depreciation of the rupee will raise debt servicing burden as compared to what has been worked out at the time of availing of the ECB facility.
- Thus, the companies might need to incur hedging costs (amount equal to the aggregate costs, fees, and expenses) to cover the exchange rate risk.
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