Note4Students
From UPSC perspective, the following things are important :
Prelims level: Microplastics pollution
Mains level: Not Much
Scientists have found microplastics — plastic pieces much smaller than a grain of rice — in freshly fallen Antarctic snow for the first time.
What are Microplastics?
- Microplastics are tiny bits of various types of plastic found in the environment.
- The name is used to differentiate them from “macroplastics” such as bottles and bags made of plastic.
- There is no universal agreement on the size of microplastics. It defines microplastic as less than 5mm in length.
- However, for the purposes of this study, since the authors were interested in measuring the quantities of plastic that can cross the membranes and diffuse into the body via the bloodstream.
- Hence they agreed on an upper limit on the size of the particles as 0.0007 millimetre.
Why in news?
- Researchers have found microplastics in the snow samples from the Ross Ice Shelf in Antarctica.
Threats posed by Microplastics
- Microplastics has the potential to influence the climate by accelerating melting of ice.
- They limit growth, reproduction, and general biological functions in organisms, as well as humans.
Try this PYQ:
- Why is there a great concern about the ‘microbeads’ that are released into environment?
(a) They are considered harmful to marine ecosystems.
(b) They are considered to cause skin cancer in children.
(c) They are small enough to be absorbed by crop plants in irrigated fields.
(d) They are often found to be used as food adulterants.
Post your answers here.
Back2Basics: Ross Ice Shelf
- Ross Ice Shelf is the largest ice shelf of Antarctica roughly the size of France.
- It is several hundred metres thick.
- The nearly vertical ice front to the open sea is more than 600 kilometres long, and between 15 and 50 metres (50 and 160 ft) high above the water surface.
- Ninety percent of the floating ice, however, is below the water surface.
- Most of Ross Ice Shelf is in the Ross Dependency claimed by New Zealand.
- It floats in, and covers, a large southern portion of the Ross Sea and the entire Roosevelt Island located in the east of the Ross Sea.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: TVS-2M Nuclear Fuel
Mains level: Not Much
Russia has supplied the first batches of more reliable and cost-efficient nuclear fuel over the existing one, the TVS-2M nuclear fuel, to India for the Kudankulam Nuclear Power Plant (KNPP).
What is TVS-2M Nuclear Fuel?
- The TVS-2M FAs contain gadolinium-oxide which is mixed with U-235 enrichments.
- The core does not contain BARs (Burnable Absorbers Rods).
How are they prepared?
- Once the uranium is enriched, it is ready to be converted into nuclear fuel.
- At a nuclear fuel fabrication facility, the UF6, in solid form, is heated to gaseous form, and then the UF6 gas is chemically processed to form uranium dioxide (UO2) powder.
- The powder is then compressed and formed into small ceramic fuel pellets.
- The pellets are stacked and sealed into long metal tubes that are about 1 centimetre in diameter to form fuel rods.
- The fuel rods are then bundled together to make up a fuel assembly.
- Depending on the reactor type, each fuel assembly has about 179 to 264 fuel rods.
- A typical reactor core holds 121 to 193 fuel assemblies.
Benefits offered
- TVS-2M fuel assemblies have a number of advantages making them more reliable and cost-efficient.
- The new fuel has increased uranium capacity – one TVS-2M assembly contains 7.6% more fuel material as compared to UTVS.
- Besides, the special feature of the Kudankulam fuel in particular is the new generation anti-debris filter ADF-2, efficiently protecting fuel assemblies.
- Once the new TVS-2 M fuel is used in the next refuelling, the reactor will start operations with an 18-month fuel cycle.
- It means the reactor, which has to be stopped for every 12 months for removing the spent fuel and inserting the fresh fuel bundles and allied maintenance, will have to be stopped for every 18 months.
Back2Basics: India-Russia Energy Cooperation
- The Soviet Union supplied India with nuclear reactors and fuel when India was denied technologies and was hit with sanctions from the West for its refusal to sign the nuclear non-proliferation treaty (NPT).
- In 1988, the Soviet Union agreed, allegedly without an official deal, to build two nuclear reactors at Kudankulam in Tamil Nadu. The deal was made official in 1992.
- In 2000, Russia and India signed another secret MoU, to cooperate on “peaceful uses” of nuclear energy, and for Russia to supply India with low-enriched uranium fuel for the Tarapur reactor in Maharashtra.
- In 2009, the two countries entered into a major nuclear deal, with Russia agreeing to install four nuclear reactors at Kudankulam in Tamil Nadu, and one in West Bengal.
- Two units at Kudankulam are currently operational, and the third and fourth units are being prepared for installation.
- Russia is also aiding with the ongoing construction of the fifth and sixth units.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: NATGRID
Mains level: Not Much
The Ministry of Home Affairs (MHA) has curtailed the tenure of the Chief Executive Officer (CEO) of the National Intelligence Grid (NATGRID) and moved him to the Border Security Force (BSF).
What is NATGRID?
- NATGRID is an intelligence-sharing network that collates data from the standalone databases of the various agencies and ministries of the Indian government.
- It is a counter terrorism measure that collects and collates a host of information from government databases including tax and bank account details, credit/debit card transactions, visa and immigration records and itineraries of rail and air travel.
- It will also have access to the Crime and Criminal Tracking Network and Systems (CCTNS), a database that links crime information, including First Information Reports, across 14,000 police stations in India.
- As of 2019, NATGRID is headed by an Indian Police Service (IPS) officer Ashish Gupta.
Its establishment
- The 26/11 terrorist siege in Mumbai back in 2008 exposed the deficiency that security agencies had no mechanism to look for vital information on a real-time basis.
Access to NATGRID
- Prominent federal agencies of the country have been authorized to access the NATGRID database.
- They are the:
- Central Bureau of Investigation
- Directorate of Revenue Intelligence,
- Enforcement Directorate
- Central Board of Indirect Taxes and Customs
- Central Board of Direct Taxes (for the Income Tax Department)
- Cabinet Secretariat
- Intelligence Bureau
- Directorate General of GST Intelligence
- Narcotics Control Bureau
- Financial Intelligence Unit, and
- National Investigation Agency
Future prospects
- According to the first phase plan, 10 user agencies and 21 service providers will be connected with the NATGRID, while in later phases, about 950 additional organizations will be brought on board.
- In the following years, more than 1,000 organizations will be further integrated into the NATGRID.
- These data sources include records related to immigration entry and exit, banking and financial transactions, and telecommunications.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Election of the President
Mains level: Read the attached story
The presidential polls are expected to be held in July to decide on the successor of President Ram Nath Kovind, who will complete his term on July 24, 2022.
The President of India
- The President of India is recognised as the first citizen of the country and the head of the state.
- The elected President of India is a part of the Union Executive along with several other members of the parliament including the Prime Minister, Attorney-General of India and the Vice – president.
Electing the President
- The provisions of the election of the President are laid down in Article 54 of the Constitution of India.
- The Presidential and Vice-Presidential Election Act 1952 led to the establishment of this Constitutional provision.
Qualifications to become the President of India
The qualification of be the President of India are given below:
- He/ She must be an Indian citizen
- A person must have completed the age of 35.
- A person must be qualified for election as a member of the House of the People.
- Must not hold a government (central or state) office of profit
- A person is eligible for election as President if he/she is holding the office of President or Vice-President.
Actual course of election
- The President of India is elected indirectly by an Electoral College following the system of proportional representation utilizing a single transferable vote system and secret ballots.
- MPs and MLAs vote based on parity and uniformity values.
Electoral College composition-
(1) Legislative Assemblies of the States:
- According to the provision of Article 333, every state’s Legislative Assembly must consist of not less than 60 members but not more than 500 members.
(2) Council of States:
- 12 members are nominated by the President of India based on skills or knowledge in literature, arts, science, and social service to act as the members of the Council of States.
- In total, 238 represent act as representatives from both the States and Union Territories.
(2) House of the People:
- The composition of the House of People consists of 530 members (no exceeding) from the state territorial constituencies.
- They are elected through direct election.
- The President further elects 20 more members (no exceeding) from the Union Territories.
Uniformity in the scale of representation of states
To maintain the proportionality between the values of the votes, the following formula is used:
Value of vote of an MLA= total no. of the population of the particular state/ number of elected MLAs of that state divided by 1000.
Single vote system-
- During the presidential election, one voter can cast only one vote.
- While the MLAs vote may vary state to state, the MPs vote always remain constant.
MPs and MLAs vote balance-
- The number of the total value of the MPs votes must equal the total value of the MLAs to maintain the State and the Union balance.
Quotas:
- The candidate reaching the winning quota or exceeding it is the winner.
- The formula sued is ‘Winning quota total number of poll/ no.of seats + 1’.
Voters’ preference:
- During the presidential election, the voter casts his vote in favor of his first preferred candidate.
- However, in case the first preference candidate does not touch the winning quota, the vote automatically goes to the second preference.
- The first preferred candidate with the lowest vote is eliminated and the votes in his/her favor are transferred to the remaining candidates.
Why need Proportional representation?
- The President of India is elected through proportional representation using the means of the single transferable vote (Article 55(3)).
- It allows the independent candidates and minority parties to have the chance of representation.
- It allows the practice of coalition with many voters under one government.
- This system ensures that candidates who are elected don’t represent the majority of the electorate’s opinion.
Why is President indirectly elected?
If Presidents were to be elected directly, it would become very complicated.
- It would, in fact, be a disaster because the public doesn’t have the absolute clarity of how the president-ship runs or if the candidate fits the profile of a president.
- Another reason why the direct election system isn’t favorable is that the candidate running for the president’s profile will have to campaign around the country with the aid of a political party.
- And, this will result in a massive political instability.
- Moreover, it would be difficult and impossible for the government to hand out election machinery (given the vast population of India).
- This will cost the government financially, and may end up affecting the economy as well.
- The indirect election system is a respectable system for the First Man of India (rightly deserving).
- The system/method of indirect electing of the president also allows the states to maintain neutrality and minimize hostility.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Fast Radio Burst (FRB)
Mains level: Not Much
In a paper published in Nature, astronomers have reported a fast radio burst (FRB) whose characteristics are different from almost all other FRBs previously detected.
Such news makes us think about alien and extraterrestrial life at the first. Do not get carried away with such thoughts. Its simply a space based phenomena.
Fast Radio Burst (FRB)
- FRBs are super intense, millisecond-long bursts of radio waves produced by unidentified sources in the distant cosmos.
- They were first discovered in 2007 when scientists combed through archival pulsar data.
- Pulsars refer to spherical, compact objects in the universe, which are about the size of a large city but contain more mass than the sun.
- They often look like flickering stars but are not stars.
Why in news?
- The new study in Nature describes FRB 20190520B, first discovered in 2019.
- What makes it different is that unlike many other FRBs, it emits frequent, repeating bursts of radio waves.
- And between bursts, it constantly emits weaker radio waves.
- FRB 190520B is co-located with a compact, persistent radio source and associated with a dwarf host galaxy of high specific star formation.
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From UPSC perspective, the following things are important :
Prelims level: Indian Rhino
Mains level: Not Much
The one-horned rhinos of western Assam’s Manas National Park, bordering Bhutan, are expected to have high life expectancy and significant growth in population, the 14th Assam rhino estimation census has revealed.
Indian Rhino
- The Indian rhinoceros also called the greater one-horned rhinoceros and great Indian rhinoceros is a rhinoceros native to the Indian subcontinent.
- It is listed as Vulnerable on the IUCN Red List and Schedule I animal in the Wildlife Protection Act, 1972.
- It once ranged across the entire northern part of the Indian Subcontinent, along the Indus, Ganges and Brahmaputra River basins, from Pakistan to the Indian-Myanmar border.
- Poaching for rhinoceros horn became the single most important reason for the decline of the Indian rhino.
Why in news?
- The 14th Rhino Population Estimation / Census in Kaziranga National Park counted at least 2613 rhinos including calves, a jump of exactly 200 rhinos since the last census conducted in 2018.
- Then at least 2413 Rhinos were counted in the national park.
Threats to Rhinos
- Ground rhino horn is used in traditional Chinese medicine to cure a range of ailments, from cancer to hangovers, and also as an aphrodisiac.
- In Vietnam, possessing a rhino horn is considered a status symbol.
- Due to demand in these countries, poaching pressure on rhinos is ever persistent against which one cannot let the guard down.
Various protection moves
- A rhino reintroduction programme under the Indian Rhino Vision 2020 was started in 2006.
- This entailed the translocation of rhinos from Kaziranga National Park and Pobitora Wildlife Sanctuary besides orphans hand-reared at the Centre for Wildlife Rehabilitation and Conservation at Kaziranga.
Try this PYQ:
Q. Consider the following statements:
- Asiatic lion is naturally found in India only.
- Double-humped camel is naturally found in India only.
- One-horned rhinoceros is naturally found in India only.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Post your answers here.
(Note: Comment feature is not available on the app.)
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Corvettes
Mains level: Indian navy modernization
The Defence Acquisition Council (DAC) has given the Acceptance of Necessity (AoN) for the procurement of next-generation Corvettes for the Indian Navy at an approximate cost of Rs 36,000 crore.
What is a Corvette?
- A Corvette is the smallest class of naval ships and it falls below the warship class of a frigate.
- These are highly agile ships and are categorised as missile boats, anti-submarine ships, coastal patrol crafts and fast attack naval vessels.
- The word corvette itself is derived from French and Dutch origin.
- During World War II, the term Corvette was used to describe vessels which had anti-submarine roles assigned to them.
- Modern Corvettes can go up to 2,000 tons in displacement which helps in keeping them agile.
What kind of Corvettes does the Indian Navy possess?
- The Indian Navy at present has the Kamorta Class Corvettes, which are also known as Project 28.
- These ships have an anti-submarine role and are manufactured at Garden Reach Shipbuilders and Engineers in Kolkata.
- The four Kamorta Class Corvettes that the Indian Navy possesses are named INS Kamorta, INS Kadmatt, INS Kiltan and INS Kavaratti.
- The first of these was commissioned in 2014 and the last one in 2020.
What new capabilities will the new generation Corvettes have?
- The next-generation Corvettes will be manufactured for various roles like surveillance missions, escort operations, deterrence, surface action group operations, search and attack and coastal defence.
- It is worth noting that these roles will be in addition to the anti-submarine roles being already performed by the existing Corvettes in the Navy.
- Corvettes will be constructed based on new in-house design of the Indian Navy using latest technology of ship buildings.
- They would contribute to further the government’s initiative of Security and Growth for all in the region (SAGAR).
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Dostarlimab
Mains level: NA
A trial on 18 colorectal cancer patients in the US found that cancer could be treated without chemotherapy or surgery. The world is sitting up and taking note of Dostarlimab, which has been called a wonder drug.
What is Dostarlimab?
- Dostarlimab is an experimental drug. It contains laboratory-produced molecules.
- It acts as substitute antibodies. It is sold under the brand name Jemperli.
- It was approved for medical use in the United States and the European Union in 2021.
- Its side-effects include vomiting, joint pain, itching, rash, fever etc.
What are the findings?
- The trial showed that immunotherapy alone – without any chemotherapy, radiotherapy, or surgery that have been staples of cancer treatment.
- It could completely cure the patients with a particular kind of rectal cancer called ‘mismatch repair deficient’ cancer”.
- All 12 patients had completed the treatment and were followed for six to 25 months after.
- No cases of progression or recurrence had been reported during the follow-up.
- The response too was rapid, with symptoms resolving in 81% of the patients within nine weeks of starting the therapy.
Is Dostarlimab actually very effective?
- Dostarlimab is not a new drug but a combination of drugs that are already approved for use in immunotherapy.
- There is a possibility that Dostarlimab may improve the outcome and survival rate in rectal cancer patients but to say it as a magic drug for cancer is completely going overboard.
How does this drug cure?
- PD1 is a protein that regulates immune function and can sometimes keep T cells from killing cancer cells.
- The therapy in the trial used PD1 blockades, allowing T cells to kill cancer cells.
- ‘Mismatch repair deficient’ cancer is most common among colorectal, gastrointestinal, and endometrial cancers.
- Patients suffering from this condition lack the genes to correct typos in the DNA that occur naturally while cells make copies.
- Immunotherapy belongs to a category called PD1 blockades that are now recommended for the treatment of such cancers rather than chemotherapy or radiotherapy.
Will Indian patients get access to the drug?
- At present, Indian doctors seem to be generally wary of prescribing Dostarlimab for their patients.
- Experts have termed as optimistic the findings of an ongoing trial—a group of rectal cancer patients showed no signs of a tumour after taking the drug for six months.
- None of the participants reported any severe side-effects either.
- Yet, doctors say they want to assess the duration of the response.
What do we know about the clinical trial?
- Cancer was treated in all the patients and could not be detected by physical examination, endoscopy, positron emission tomography, or magnetic resonance imaging.
- Thus, there is a thought that cancer can be treated without chemotherapy or surgery.
Is it too early to celebrate?
- Cancer specialists said initial signals show how precision medicine is building the future but they need to test more patients from different areas and other types of cancers.
- The combination of drugs was administered to a small number of patients and for a specific type of cancer.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Features of UPI
Mains level: Not Much
The RBI has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI).
Integrating Credit Cards to UPI
- The integration will first begin with the indigenous RuPay credit cards.
- Both the RuPay network and UPI are managed by the same organisation – the National Payments Corporation of India (NPCI).
What is UPI?
- UPI is an instant real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank transactions.
- The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
Why such move?
- The linkage of UPI and credit cards could possibly result in credit card usage zooming up in India given UPI’s widespread adoption.
- The integration also opens up avenues to build credit on UPI through credit cards in India, where in the last few years, a number of startups like Slice, Uni, One etc. have emerged.
- The move could also be a push to increase adoption by banking on UPI’s large user base.
- So far, UPI could only be linked to debit cards and bank accounts.
- This will provide additional convenience to the users and enhance the scope of digital payments.
What could be the hurdles?
- There are some regulatory areas that would have to be addressed before the linkage happens.
- For instance, it is not clear how the Merchant Discount Rate (MDR) will be applied to UPI transactions done through credit cards.
- UPI and RuPay attract zero-MDR, meaning that no charges are applied to these transactions, which is a key reason behind the prolific adoption of UPI both by users and merchants.
- The norm has faced pushback from the payments industry.
- It has argued that it limits the aggregators’ ability to invest in and maintain the financial infrastructure of the payment ecosystem that they have built.
- Applicability of zero-MDR on UPI could also be a reason why other card networks such as Visa and Mastercard may not have been onboarded to UPI for credit cards yet.
Note: MDR is a fee that a merchant is charged by their issuing bank for accepting payments from their customers via credit and debit cards.
What is the big picture?
- UPI has become the most inclusive mode of payment in India with over 26 crore unique users and five crore merchants on the platform.
- The progress of UPI in recent years has been unparalleled.
- Many other countries are engaged with us in adopting similar methods in their countries.
- In May, UPI processed 5.95 billion transactions worth over Rs 10 trillion, a record high since its launch in 2016.
- NPCI is looking to soon process a billion transactions a day.
Try this PYQ from CSP 2017:
Q.Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in news?
(a) The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank
(b) The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services
(c) The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit cards
(d) The incentive is given by the Government to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards
Post your answers here.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: CiSS Application
Mains level: Child rights issue
The National Commission for the Protection of Child Rights (NCPCR) has launched a “CiSS application” under the Baal Swaraj portal to help in the rehabilitation process of Children in Street Situations (CiSS).
CiSS Application
- The CiSS application is used for receiving data of children in street situations from all the states and union territories, tracking their rescue and rehabilitation process.
- The initiative is taken under the direction of the Supreme Court of India.
- The program embodies Article 51 (A) of the Constitution of India, as it provides a platform to the public and organizations catering to the welfare of the children to report any child in need of assistance.
- The platform serves to collect data and report to the District Child Protection Officer (DCPO) for them to take necessary action.
- It also provides a platform for professionals and organizations to provide any help that they can to children in need.
- Help can be provided in the form of open shelters, counselling services, medical services, sponsorships, de-addiction services, education services, legal/paralegal services, volunteering etc.
Its working framework
- It categorizes any child under ‘Children in Street Situation’ if the child is living on the streets alone, living on the streets during the day, or living on the streets with the family.
- The root cause of this phenomenon is the migration of families from rural to urban areas in search of a better standard of living.
How does it work?
It follows six stages framework for the rehabilitation of children.
- Collection of the child’s details, which is accomplished through the portal.
- Social Investigating Report (SIR)e. investigating the child’s background. This is done under the supervision of the District Child Protection Unit (DCPU) by the District Child Protection Officer (DCPO) by conversing and counselling the child.
- Formulating an Individual Care Plan (ICP) for the child.
- Child Welfare Committee (CWC) based on the SIR submitted to the CWC.
- Allocating the schemes and benefits that the beneficiary can avail of.
- A checklist is made for the evaluation of the progress i.e. (Follow Ups).
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From UPSC perspective, the following things are important :
Prelims level: Environmental Performance Index
Mains level: Western anti-India lobby
India has objected to a report, called the EPI, 2022, that places the country last (along with Nigeria) on a list of 180 countries on managing climate change, environmental health, and ecosystem vitality.
Environmental Performance Index
- The report is prepared by researchers at the Yale and Columbia universities.
- It provides a data-driven summary of the state of sustainability around the world.
- Using 40 performance indicators across 11 issue categories, the EPI ranks 180 countries on climate change performance, environmental health, and ecosystem vitality.
- These indicators provide a gauge at a national scale of how close countries are to established environmental policy targets.
- The EPI offers a scorecard that highlights leaders and laggards in environmental performance and provides practical guidance for countries that aspire to move toward a sustainable future.
Why the report is inherently biased?
- The US placed itself at the 20th spot of the 22 wealthy democracies in the global west and 43rd overall.
- The relatively low ranking has put all blame on the rollback policies during the Trump administration.
- It goes on to preach that developing countries do not have to sacrifice sustainability for economic security.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Passive Funds
Mains level: Not Much
The Securities and Exchange Board of India (SEBI) recently issued a circular on passive funds covering matters related to transparency, liquidity and operational aspects of exchange-traded funds (ETFs) and index funds.
What are Passive Funds?
- A passive fund is an investment vehicle that tracks a market index, or a specific market segment, to determine what to invest in.
- Unlike with an active fund, the fund manager does not decide what securities the fund takes on.
- This normally makes passive funds cheaper to invest in than active funds, which require the fund manager to spend time researching and analysing opportunities to invest in.
- Tracker funds, such as ETFs (exchange traded funds) and index funds fall under the banner of passive funds.
What is a passive ELSS scheme?
- Passive funds mimic an underlying index. By contrast active funds are actively managed by fund managers.
- The SEBI has now introduced a passive equity-linked saving schemes (ELSS) category, which will give taxpayers another investment option to avail of tax benefits.
- According to the circular, the passive ELSS scheme will be based on any index comprising equity shares from the top 250 companies in terms of market capitalization.
- Beginning 1 July, a fund house will be able to either have an active ELSS scheme or a passive ELSS scheme, but not both.
What are the norms for debt ETFs?
- Passive debt funds are now divided into three categories:
- Corporate debt funds with exposure to corporate bonds
- G-Sec funds investing in government securities, and
- Hybrid funds where allocation is a combination of corporate bonds and government securities
- Currently, debt funds in the passive category invest only in AAA-rated instruments.
- The Sebi circular introduces norms for each debt fund category, including portfolio exposure limits to each sector, the issuer (based on rating) and group.
- Application of these provisions should help mitigate concentration risk in debt ETFs/ index funds.
What about tracking error?
- As per Sebi’s circular, passive funds must disclose ‘tracking error’ and ‘tracking difference’ in their monthly fact sheets.
- These metrics indicate how different the performance of the fund is compared to its underlying index—an effort to keep investors better informed.
- The circular specifies limits for tracking error and tracking difference, which passive funds must follow.
What is the mandate on disclosing NAVs?
- Because of poor liquidity for ETFs in the secondary market in India, ETF prices could differ widely from the net asset value (NAV) of the fund.
- The NAV of the fund represents the value of the underlying asset of the ETF.
- The Sebi circular mandates disclosure of NAV (indicative) on a continuous basis throughout the day on the stock exchange.
- While the practice is already in existence, Sebi rules institutionalize it.
- Checking the NAV can help one avoid making a transaction at a significant premium or discount.
Can one execute ETF transactions directly?
- Investors can buy or sell units of ETFs only on stock exchanges.
- But, large buy or sell transactions can also be directly placed with the fund house.
- Sebi now says orders greater than ₹25 crore alone can be placed for redemption or subscription directly with the asset management company (AMC).
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From UPSC perspective, the following things are important :
Prelims level: Mela Kheerbhawani
Mains level: NA
Kashmiri Hindus, locally known as Pandits, will celebrate the Zyestha Ashtami at the Mata Kheerbhawani temple at Tulmulla in central Kashmir’s Ganderbal.
Kheerbhawani Temple
- The temple is dedicated to the goddess Ragnya Devi.
- The festival, known as Mela Kheerbhawani, is the largest gathering of Hindus in Kashmir after the annual Amarnath Yatra.
- Situated 30 km from Srinagar city, it is one of the most sacred pilgrimage sites for Kashmiri Hindus.
- The temple gets its name from kheer, or milk and rice pudding that pilgrims pour into the spring inside the temple complex as an offering to the goddess.
- Hundreds of local Muslims, too, traditionally join the celebrations.
Legend of the festival
- Legend has it that the water of the temple’s spring changes colour from white to red and black.
- The colour of the water is said to predict the impending future.
- If it changes to black, it is seen as inauspicious or an impending disaster.
- Kashmiri Pandits say that the water had turned black before they were forced to flee Kashmir during the militancy of 1990.
Tap to read more about:
Festivals, Dances, Theatre, Literature, Art in News
Try this PYQ:
Q.Consider the following pairs:
Traditions- Communities
- Chaliha Sahib Festival- Sindhis
- Nanda Raj Jaat Yatra- Gonds
- Wari-Warkari- Santhals
Which of the pairs given above is/are correctly matched?
(a) 1 only
(b) 2 and 3
(c) 1 and 3
(d) None of the above
Post your answers here.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Kabir, Bhakti Movement
Mains level: NA
President Kovind inaugurated the Sant Kabir Academy and Research Centre Swadesh Darshan Yojana and paid tribute to the Bhakti saint, Kabir at Maghar, his resting place in Uttar Pradesh.
Kabir and the Bhakti Movement
- The Bhakti movement, which began in the 7th century in South India, had begun to spread across north India in the 14th and the 15th centuries.
- The movement was characterized by popular poet-saints who sang devotional songs to God in vernacular languages.
- Most of the preaching were meant for abolishing the Varna system and promoting Hindu-Muslim unity.
- They emphasized an intense emotional attachment with God.
Who was Sant Kabir?
- One school within the Bhakti movement was the Nirguni tradition and Sant Kabir was a prominent member of it.
- In this tradition, God was understood to be a universal and formless being.
- Many of the saints of the Bhakti movement came from the ranks of the lower to middle artisanal classes.
- Kabir was an alleged ‘low caste’ weaver (Julaha), Raidas was a leather worker and Dadu a cotton carder.
- Their radical dissent against orthodoxy and rejection of caste made these poet-saints extremely popular among the masses and their ideology of egalitarianism spread across India.
His life
- He was born in Varanasi and lived between the years 1398 and 1448, or till the year 1518 according to popular belief.
- He was from a community of ‘lower caste’ weavers of the Julaha caste, a group that had recently converted to Islam.
- He learned the art of weaving, likely studied meditative and devotional practices under the guidance of a Hindu guru and grew to become an eminent teacher and poet-singer.
- Kabir’s beliefs were deeply radical, and he was known for his intense and outspoken voice which he used to attack the dominant religions and entrenched caste systems of the time.
- He composed his verses orally and is generally assumed to be illiterate.
His literary works
- Kabir’s compositions can be classified into three literary forms – dohas (short two liners), ramanas (rhymed 4 liners), sung compositions of varying length, known as padas (verses) and sabdas (words).
- There are myriad legendary accounts on the other hand, for which there exists less of a factual historical basis.
Kabir’s critique of religion and caste
- Kabir is in modern times portrayed as a figure that synthesized Islam and Hinduism.
- While he did borrow elements from different traditions, he very forcefully proclaimed his independence from them.
- He did not only target the rituals and practices of both Hinduism and Islam, but also dismissed the sacred authority of their religious books, the Vedas and the Quran.
- He even combined Allah and Ram in his poems.
- He sought to eradicate caste distinctions and attempted to create an egalitarian society, by stressing the notion that a Bhakt (devotee) was neither a Brahmin nor an ‘untouchable’ but just a Bhakt.
Kabir’s legacy
- Kabir’s own humble origins and his radical message of egalitarianism fostered a community of his followers called the Kabir Panth.
- A sect in northern and central India, many of their members are from the Dalit community.
- All regard Kabir as their guru and treat the Bijak as their holy scripture.
- The Bijak contains works attributed to Kabir and is argued by historians to have been written in the 17th century.
- Several of Kabir’s verses and songs form a vital part of the Guru Granth Sahib.
Try this PYQ from CSP 2019:
Q.Consider the following statements:
1.Saint Nimbarka was a contemporary of Akbar.
2.Saint Kabir was greatly influenced by Shaikh Ahmad Sirhindi.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Post your answers here.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Read the attached story
Mains level: NA
Ten antiquities (sculptures) retrieved from Australia and the United States were handed over to the Government of Tamil Nadu.
Some of the returned antiquities, and how they had gone missing:
(1) Dvarapala:
- Retrieved in 2020 from Australia, this stone sculpture belongs to the Vijayanagar dynasty dating to the 15th-16th century.
- He is holding a gada in one hand and has another leg raised up to the level of his knee.
- The sculpture was burgled from Moondreeswaramudayar Temple, Tiruneveli in1994.
(2) Nataraja:
- Retrieved in 2021 from the US, this image of Nataraja, a depiction of Shiva, in his divine cosmic dance form, is in tribhanga posture, standing on the lotus pedestal.
- It is dateable to the 11th-12th century. Possibly, ananda tandava or the Dance of Bliss is portrayed here.
- The sculpture was burgled from the strong room of Punnainallur Arulmigu Mariyamman Temple, Thanjavur, in 2018.
(3) Kankalamurti:
- Retrieved in 2021 from the US, Kankalamurti is depicted as a fearsome aspect of Lord Shiva and Bhairava.
- The sculpture is four-armed, holding ayudhas such as damaru and trishula in the upper hands and a bowl and a trefoil shaped object, as a treat for the playful fawn, in the lower right hand.
- The idol is dateable to the 12th-13th century, and was stolen from Narasinganadhar Swamy Temple, Tirunelveli in 1985.
(4) Nandikeshvara:
- Retrieved in 2021 from the US, this bronze image of Nandikeshvara is dateable to the 13th century.
- It is shown standing in tribhanga posture with folded arms, holding an axe and a fawn in the upper arms, with his forearms in namaskara mudra.
- This sculpture was stolen from Narasinganadhar Swamy Temple, Tirunelveli, in 1985.
(5) Four-armed Vishnu:
- Retrieved in 2021 from the US, dateable to the 11th century, and belonging to the later Chola period.
- The sculpture has Lord Vishnu standing on a padma pedestal holding attributes such as shankha and chakra in two hands; while the lower right hand is in abhaya mudra.
- It was stolen from Arulmigu Varadharaja Perumal Temple, Ariyalur, in 2008.
(6) Goddess Parvati:
- Retrieved in 2021 from the US, the image depicts a Chola-period sculpture dateable to the 11th century.
- She is shown holding a lotus in the left hand whereas the right is hanging down near her kati.
- This sculpture was also stolen from Arulmigu Varadharaja Perumal Temple, Ariyalur in 2008.
(7) Standing child Sambandar:
- Retrieved in 2022 from Australia. Sambandar, the popular 7th-century child saint, is one of the Muvar, the three principal saints of South India.
- The sculpture is dateable to the 11th century.
- The legend goes that after receiving a bowl of milk from Goddess Uma, the infant Sambandar devoted his life to composing hymns in praise of Lord Shiva.
- The sculpture displays the saint’s childlike quality, while also empowering him with the maturity and authority of a spiritual leader.
- It was stolen from Sayavaneeswarar Temple, Nagapattinam, between 1965 and 1975.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Mutual Legal Assistance Treaties (MLATs)
Mains level: Prevention of juvenile crimes
The CBI is in the process of sending requests to several countries seeking information under the MLATs about those involved in the online sexual abuse of minors and circulation of child pornographic material on social media platforms.
What are MLATs?
- The MLATs in criminal matters are the bilateral treaties entered between the countries for providing international cooperation and assistance.
- These agreements allow for the exchange of evidence and information in criminal and related matters between the signing countries.
Benefits of Treaty
- It enhances the effectiveness of participating countries in the investigation and prosecution of crime, through cooperation and mutual legal assistance.
- It will provide a broad legal framework for tracing, restrain and confiscation of proceeds and instruments of crime as well as the funds meant to finance terrorist acts.
- It will be instrumental in gaining better inputs and insights in the modus operandi of organized criminals and terrorists.
- These in turn can be used to fine-tune policy decisions in the field of internal security.
Enforcing MLATs in India
- The Ministry of Home Affairs (MHA) is the nodal Ministry and the Central authority for seeking and providing mutual legal assistance in criminal law matters.
- The Ministry of External Affairs (MEA) may be involved in this process when such requests are routed through diplomatic channels by these Ministries.
- Section 105 of the Criminal Procedure Code (CrPC) speaks of reciprocal arrangements to be made by the Centre with the Foreign Governments
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Tiangong space station
Mains level: Not Much
Three Chinese astronauts floated into the country’s new Tiangong space station for a three-month mission.
Tiangong Space Station
- Tiangong means “Heavenly Palace”.
- It was 10.4 metres long and 3.35 metres wide at its widest point, and weighed 8.6 metric tonnes.
- It was launched on September 15, 2016 and, in late 2016, hosted two Chinese astronauts for 30 days in what was China’s longest manned space mission so far.
- The recently decommissioned space lab followed the Tiangong-1, China’s first space station, which crashed into the southern Pacific Ocean on April 1, 2018 after Chinese scientists lost control of the spacecraft.
- China had launched Tiangong-1 in 2011 as proof-of-concept of technologies for future stations.
- The Tiangong will be fully operational by the end of 2022.
Features of this Space Station
- The significant feature of Tiangong is its two robotic arms.
- The US has previously expressed concern over its ability to grab objects including satellites from space.
- The 10-meter-long arm was in action previously seen in action successfully grabbing and moving a 20 tonne Tianzhou-2 cargo ship in a test.
- One of the noteworthy tasks for the Shenzhou-14 crew is to test and operate the large and small
- The small arm is quite flexible and can perform operations with greater precision.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: eVTOL Aircrafts
Mains level: Not Much
The Union Civil Aviation Ministry is exploring the possibility of inviting manufacturers of Electric Vertical Take-off and Landing (eVTOL) aircraft to set up base in India.
What is eVTOL?
- EVTOL aircraft is one that uses electric power to hover, take off, and land vertically.
- Most eVTOLs also use what is called as distributed electric propulsion technology which means integrating a complex propulsion system with the airframe.
- There are multiple motors for various functions; to increase efficiency; and to also ensure safety.
- It works on electric propulsion based on progress in motor, battery, fuel cell and electronic controller technologies.
- It is also fuelled by the need for new vehicle technology that ensures urban air mobility (UAM).
Features of eVTOL
- eVTOL is emerging as a runway independent technological solution” for the globe’s transportation needs.
- There are an estimated 250 eVTOL concepts or more being fine-tuned to bring alive the concept of UAM.
- Some of these include the use of multi-rotors, fixed-wing and tilt-wing concepts backed by sensors, cameras and even radar.
- The key word here is “autonomous connectivity”. Some of these are in various test phases.
- In short, eVTOLs have been likened to “a third wave in an aerial revolution”; the first being the advent of commercial flying, and the second, the age of helicopters.
What are the developments in powering eVTOLs?
- The roles eVTOLs adopt depends on battery technology and the limits of onboard electric power.
- Power is required during the key phases of flight such as take-off, landing and flight (especially in high wind conditions).
- There is a “Diamond Nuclear Voltaic (DNV) technology” using minute amounts of carbon-14 nuclear waste encased in layered industrial diamonds to create self-charging batteries.
- There are some industry experts who are questioning the use of only batteries and are looking at hybrid technologies such as hydrogen cells and batteries depending on the flight mission.
What are the challenges?
- As the technology so far is a mix of unpiloted and piloted aircraft, the areas in focus include “crash prevention systems”.
- There are also issues such as ensuring safety in case of power plant or rotor failure.
- Aircraft protection from cyberattacks is another area of focus.
- A third area is in navigation and flight safety and the use of technology when operating in difficult terrain, unsafe operating environments, and also bad weather.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: D2M Technology
Mains level: Telecom sector reforms
The Department of Telecommunications (DoT) and India’s public service broadcaster Prasar Bharati are exploring ‘direct-to-mobile’ (D2M) broadcasting.
What is D2M Technology?
- The technology is based on the convergence of broadband and broadcast, using which mobile phones can receive terrestrial digital TV.
- It would be similar to how people listen to FM radio on their phones, where a receiver within the phone can tap into radio frequencies.
- Using D2M, multimedia content can also be beamed to phones directly.
Benefits of D2M
- It allows broadcasting video and other forms of multimedia content directly to mobile phones, without needing an active internet connection.
- It promises to improve consumption of broadband and utilisation of spectrum.
Why need D2M?
- The idea behind the technology is that it can possibly be used to directly broadcast content related to citizen-centric information.
- It can be further used to counter fake news, issue emergency alerts and offer assistance in disaster management, among other things.
- Apart from that, it can be used to broadcast live news, sports etc. on mobile phones.
- More so, the content should stream without any buffering whatsoever while not consuming any internet data.
What could be the consumer and business impact of this?
- For consumers, a technology like this would mean that they would be able to access multimedia content from Video on Demand (VoD) or Over The Top (OTT) content platforms.
- This will be without having to exhaust their mobile data, and more importantly, at a nominal rate.
- The technology will also allow people from rural areas, with limited or no internet access, to watch video content.
- For businesses, one of the key benefits of the technology is that it can enable telecom service providers to offload video traffic from their mobile network onto the broadcast network.
- It thus helps them to decongest valuable mobile spectrum.
- This will also improve usage of mobile spectrum and free up bandwidth which will help reduce call drops, increase data speeds etc.
What is the government doing to facilitate D2M technology?
- The DoT has set up a committee to study the feasibility of a spectrum band for offering broadcast services directly to users’ smartphones.
- Band 526-582 MHz is envisaged to work in coordination with both mobile and broadcast services.
- DoT has set up a committee to study this band.
- At the moment, this band is used by the Ministry of Information & Broadcasting across the country for TV transmitters.
What are the possible challenges to the technology’s rollout?
- Bringing key stakeholders like mobile operators onboard will be the biggest challenge in launching D2M technology on a wide scale.
- A mass roll out of the technology will entail changes in infrastructure and some regulatory changes.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: PM Shri Schools
Mains level: New Education Policy, 2020
Union Education Ministry is planning to set up “PM Shri Schools”.
PM Shri Schools
- PM Shri Schools will be the laboratory of National Education Policy (NEP) 2020.
- They will be fully equipped to prepare students for the future.
Likely features of these schools
- It could imbibe 5+3+3+4 (to replace the 10+2 schooling system) approach of NEP covering pre-school to secondary, emphasis on ECCE, teacher training & adult education.
- There will be an integration of skill development with school education and prioritising learning in mother tongue which are steps for preparing global citizens of the 21st century.
- Since the NEP 2020 also increases the span of the Right to Education Act, it will now cover ages 3 to 18.
Explained: 5+3+3+4 Schooling System
- As per the new school education system of 5+3+3+4 outlined in NEP 2020, children will spend 5 years in the Foundational stage, 3 years in the Preparatory stage, 3 years in the Middle stage, and 4 years in the Secondary stage.
- The division of stages has been made in line with the kind of cognitive development stages that a child goes through early childhood, school years, and secondary stage.
- Here is the age-wise breakdown of the different levels of the new school education system:
(1) 5 years of Foundational stage:
For ages: 3 to 8, For classes: Anganwadi/pre-school, class 1, class 2
- The foundational stage of education as per the national education policy will comprise 3 years or preschool or anganwadi education followed by two years of primary classes (classes 1 and 2).
- This stage will focus on teaching in play-based or activity-based methods and on the development of language skills.
(2) 3 years of Preparatory stage:
For ages: 8 to 11, For classes: 3 to 5
- The focus in the preparatory stage will remain on language development and numeracy skills.
- Here, the method of teaching and learning would be play and activity-based, and also include classroom interactions and the element of discovery.
(3) 3 years of Middle stage:
For ages: 11 to 14, For classes: 6 to 8
- As per NEP 2020, this stage of school education will focus on critical learning objectives, which is a big shift from the rote learning methods used in our education system for years.
- This stage will work on experiential learning in the sciences, mathematics, arts, social sciences and humanities.
(4) 4 years of Secondary stage:
For ages: 14 to 18, For classes: 9 to 12
- This stage will cover two phases classes 9 and 10, and classes 11 and 12.
- The main change in these classes is the shift to a multidisciplinary system where students will have access to a variety of subject combinations that they can choose as per their skills and interest areas instead of being strictly divided into Arts, Science and Commerce categories.
- This stage will again push for greater critical thinking and flexibility in the thought process.
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