Tiger Conservation Efforts – Project Tiger, etc.

Tiger Sightings in Buxa National Park

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Buxa Tiger Reserve

Mains level: Read the attached story

buxa

Introduction

  • Camera traps in the Buxa National Park, West Bengal captured images of a tiger, reigniting hopes among forest officials and experts.
  • The last sighting before December 2021 was 23 years ago, indicating the tiger’s absence from the reserve for decades.

Buxa Tiger Reserve: Geography and Ecology

Details
Location Alipurduar district, West Bengal, India. Near the Bhutan border.
Establishment Created in 1983 as a tiger reserve; declared a national park in January 1992.
Area Total area of approx. 760 sq km (core area: 390 sq km, buffer zone: 370 sq km).
Ecological Significance Part of the Eastern Himalayan subregion, known for its unique biodiversity.
Geographical Connectivity Shares a northern boundary with Bhutan. Connected with Bhutanese forests, Kochugaon forests, Manas Tiger Reserve, and Jaldapara National Park.

Reasons for the Tiger’s Return

  • Habitat Improvement: Efforts to reduce human interference, expand grasslands, and increase the prey base have created a more suitable habitat for tigers.
  • Conservation Measures: The introduction of chital (spotted deer) as prey and the creation of watering holes have been part of these efforts.

Conservation Initiatives and Future Plans

  • Tiger Augmentation Project: Launched in 2018, this project involves the state forest department, Wildlife Institute of India, and the National Tiger Conservation Authority.
  • Village Relocation: Plans to relocate villages from the core area aim to reduce human presence and further improve the habitat.
  • Expert Insights: Scientists note the importance of habitat connectivity between Bhutan and Buxa and the reduction of human disturbances as key factors in attracting tigers back to Buxa.

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

Attend Now

Labour, Jobs and Employment – Harmonization of labour laws, gender gap, unemployment, etc.

Maharashtra approves option for Old Pension Scheme

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Old Pension Scheme , NPS

Mains level: Read the attached story

pension

Introduction

  • The Maharashtra Cabinet has approved a proposal allowing certain state government employees to opt for the old pension scheme (OPS).
  • The option is extended to employees who joined the service after November 1, 2005, based on recruitment advertisements issued before that date.

Transition in Pension Schemes

  • Old Pension Scheme (OPS): The OPS guaranteed a pension of half the last basic salary plus dearness allowance after a minimum of 10 years of service, without employee contributions. It also provided family pension and Death cum Retirement Gratuity (DCRG).
  • New Pension Scheme (NPS): Introduced to address the growing pension bill, the NPS is a market-linked, participatory scheme requiring contributions from both employees and employers.

Background and Implementation of NPS

  • OASIS Project: Initiated in 1999, it led to the recommendation of the NPS by the Atal Bihari Vajpayee government in 2003.
  • Scheme Details: Employees contribute 10% of their basic salary, matched up to 14% by the employer. The funds are invested in PFRDA-regulated pension funds with market-linked returns.
  • Account Management: NPS provides a Permanent Retirement Account Number (PRAN) for lifelong account management.
  • State Adoption: All states except West Bengal have implemented the NPS. Some opposition-ruled states announced plans to revert to the OPS.

Rationale Behind NPS Adoption

  • Pension Debt Sustainability: The OPS was a fiscal burden without accumulated funds, whereas the NPS relies on accumulated funds.
  • Addressing Ageing Population: With increasing life expectancy, the OPS became unsustainable.
  • Preventing Early Retirements: The NPS encourages longer service due to its long-term investment fund ideology.
  • Investment and Flexibility: NPS offers flexible investment options and the freedom to switch investment options and fund managers.

Criticism of NPS

  • Market Risks: The exposure of retirement funds to market uncertainties raises concerns about old age security.
  • Pension Amount Concerns: There is no minimum pension guarantee, and pensions under NPS do not adjust for inflation.
  • Accountability Issues: Questions remain about the security of the invested corpus and accountability in market failures.

Conclusion

  • State Governments’ Challenge: Reverting to OPS requires careful consideration of financial implications on future generations.
  • Review and Strengthening of NPS: Measures such as introducing inflation-indexed annuities, assuring minimum returns, and ensuring timely registration and contributions can strengthen the NPS.
  • Balanced Approach: A nuanced approach is needed to balance fiscal sustainability with providing adequate social security to retirees.

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

Attend Now

Capital Markets: Challenges and Developments

Decoding the Adani-Hindenburg Judgment

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NA

Mains level: Adani-Hindenburg Judgment

Introduction

  • Recent Order: The Supreme Court’s recent order on the Adani-Hindenburg matter focused on the inquiries conducted by the Securities and Exchange Board of India (SEBI).
  • No Regulatory Failure Found: The apex court concluded that there was no regulatory failure on SEBI’s part, negating the need for a Special Investigating Team (SIT).

SEBI’s Investigations and the Supreme Court’s Stance

  • Status of Investigations: Out of 24 investigations related to the Adani-Hindenburg matter, SEBI has completed 22.
  • Supreme Court’s Trust in SEBI: The court accepted SEBI’s status report without delving into the details of the investigations, trusting SEBI to bring them to a logical conclusion.

Concerns and Criticisms of the Supreme Court Judgment

  • Lack of Transparency: The findings of the completed SEBI investigations have not been made public, raising questions about the transparency and accountability of the process.
  • ‘Chicken-and-Egg’ Inquiry: The Supreme Court did not address the “chicken-and-egg situation” where SEBI’s inability to identify the ultimate beneficial owners of certain overseas entities has stalled the investigation.
  • Overlooked Statutory Violations: The judgment did not consider the alleged dilution of regulations that could facilitate the concealment of beneficial ownership, which might be violative of the SEBI Act.

Implications of the Judgment

  • Continued SEBI Investigation: SEBI has been given an additional three months to conclude its inquiry into the alleged violation of minimum shareholding norms by the Adani group companies.
  • Potential Subversion of Ongoing Investigations: The deficiencies in the Supreme Court judgment could potentially undermine the ongoing investigations into the Adani group.
  • Hindenburg and OCCRP Reports: The judgment has seemingly dismissed the reports by Hindenburg and OCCRP as unrelated or inconclusive, despite their revelations about the Adani group’s financial dealings.

Historical Context and Ongoing Concerns

  • Past Allegations: The Adani group has faced similar allegations of share price manipulation and round-tripping in the past, with SEBI itself filing a criminal complaint 15 years ago.
  • Current Investigations: Despite ongoing investigations for over three years, no criminal complaint has been registered against the Adani promoters for the recent allegations.

Conclusion

  • Need for Reevaluation: The deficiencies in the Supreme Court judgment warrant a reconsideration in the interest of justice and transparency.
  • Public Interest and Justice: Ensuring that the findings of SEBI’s investigations are made public and acted upon is crucial for upholding regulatory integrity and public trust.
  • Future of Adani Investigations: The outcome of the ongoing SEBI investigations and the handling of the Hindenburg and OCCRP reports will be pivotal in determining the course of justice in this high-profile case.

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

Attend Now

International Space Agencies – Missions and Discoveries

[pib] India to participate in Square Kilometer Array (SKA) Project    

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Square Kilometer Array (SKA) Project

Mains level: Read the attached story

square kilometer array ska

Introduction

  • India will contribute Rs 1,250 crore to the multinational Square Kilometer Array (SKA) project, a significant international astronomical collaboration.

Square Kilometer Array (SKA) Project: An Overview

  • Construction Phases: The SKA project is being built in two phases, with the first phase (SKA1) having commenced in December 2022.
  • Project’s Headquarters: The SKA project is headquartered at the Jodrell Bank Observatory in the UK.
  • Site Location: It involves constructing telescope arrays in Australia and South Africa, aiming to map galaxies and explore the universe with unprecedented detail.
  • Operational Timeline: SKA1 is expected to begin operations by 2029.

Design and Features of the SKA Telescopes

  • Array Composition: The SKA will consist of 197 parabolic radio antennae in South Africa and 131,072 low-frequency antennae in Australia.
  • Antennae Design: The design includes parabolic dishes and dipole antennae capable of detecting faint radio signals from vast distances.
  • Spatial Arrangement: The dishes and antennae will be strategically placed over large areas to calibrate the origin of observed signals effectively.

Global Collaboration in the SKA Project

  • Consortium Members: The SKA Observatory (SKAO) includes 16 member countries, such as Australia, South Africa, Canada, China, India, Japan, and several European nations.
  • Frequency Range: The South African array will focus on mid-frequency signals, while the Australian telescope will cover low-frequency ranges.
  • Expansion Plans: Additional dishes are planned in neighbouring African countries to enhance the project’s data triangulation and resolution capabilities.

Scientific Objectives of the SKA

  • Exploring the Universe: The SKA will observe and map galaxies at the edge of the observable universe, providing insights into galaxy formation and evolution.
  • Studying the ‘Dark Ages’: The telescope will delve into the early universe’s ‘Dark Ages’ and investigate phenomena like dark matter and dark energy.
  • Search for Extraterrestrial Life: The SKA will also contribute to the search for life beyond Earth by examining habitable zones around stars.

India’s Role  

  • Pathfinder Research Partner: India’s Giant Metrewave Radio Telescope, operated by the National Centre for Radio Astrophysics (NCRA) of Tata Institute of Fundamental Research (TIFR), is a key partner in the project.
  • Consortium Involvement: The SKA India consortium comprises over 20 colleges and universities across India, contributing to various aspects of the project.

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

Attend Now

Mission Clean Ganga

Project ‘Devika’: North India’s First River Rejuvenation nears completion

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Project 'Devika'

Mains level: Read the attached story

Introduction

  • North India’s first river rejuvenation project, ‘Devika’, is nearing completion and will soon be inaugurated by Prime Minister.

About Project ‘Devika’

  • Initiation: Launched in February 2019 by the PM, the project is modelled after the ‘Namami Ganga’ initiative.
  • Demand: The project, long demanded for renovation and rejuvenation, gained momentum after 2014, marking a significant development in river rejuvenation efforts in North India.
  • Project Execution: The Urban Environmental Engineering Department (UEED) of J&K is responsible for the LWM project’s construction.
  • Cultural Importance: The Devika River, revered as the sister of the sacred Ganges, holds great religious significance, particularly in Udhampur, Jammu & Kashmir.

Key Features  

  • Liquid Waste Management (LWM): A separate LWM project is being implemented to maintain the river’s sanctity, involving a network of pipes and manholes connecting households.
  • Solid Waste Management (SWM): Alongside LWM, an SWM project is integral to preserving the river’s sanctity.
  • Infrastructure Development: The project includes three sewage treatment plants, a 129.27 km sewerage network, the development of cremation ghats, protection fencing, landscaping, and the establishment of small hydropower and solar power plants.

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

Attend Now

Electoral Reforms In India

Debate on VVPAT Verification in Indian Elections

Note4Students

From UPSC perspective, the following things are important :

Prelims level: VVPAT

Mains level: Free and Fair Elections

vvpat

Introduction

  • Recent Developments: A political alliance, has requested a meeting with the Election Commission of India (ECI) to discuss and suggest changes regarding the use of Voter Verifiable Paper Audit Trail (VVPAT) machines.
  • Proposal: The alliance proposes that VVPAT slips be handed to voters to place in a separate ballot box, with 100% counting of these slips, to enhance trust in the electoral process.

What are VVPATs?

  • Function and Purpose: VVPAT machines, attached to EVMs, print a slip showing the voter’s choice, allowing voters to verify their vote for seven seconds before the slip drops into a secured box.
  • Development History: The concept emerged in 2010, leading to the creation of prototypes by Bharat Electronics Limited (BEL) and Electronics Corporation of India (ECIL). After trials and feedback, the design was approved in February 2013.
  • Implementation: The Conduct of Elections Rules, 1961, were amended to incorporate VVPATs. They were first used in Nagaland’s Noksen Assembly constituency in 2013 and were implemented in all polling stations by the 2019 Lok Sabha elections.

Current VVPAT Slip Counting Protocol

  • EC’s Decision Process: In 2018, the ECI consulted the Indian Statistical Institute (ISI) to determine a statistically robust sample size for VVPAT slip verification.
  • Existing Protocol: Initially, VVPAT slips of one randomly selected polling station per Assembly constituency were counted. This was increased to five polling stations per Assembly seat after a Supreme Court judgment in 2019.
  • ISI Recommendation: The ISI suggested counting VVPAT slips from 479 EVMs to ensure a high confidence level that the proportion of defective EVMs is less than 2%.

Election Commission’s Stance

  • Current Verification Adequacy: The EC argues that the current practice of verifying VVPATs from five polling stations per Assembly seat exceeds the ISI’s recommendation.
  • Reliability Record: The EC highlights that in past elections, no cases of vote misattribution were detected in VVPAT checks, attributing discrepancies to human errors.
  • Concerns over Full Verification: The EC views 100% VVPAT verification as regressive, time-consuming, and prone to human error, akin to manual ballot voting.

Conclusion

  • Debate on Electoral Integrity: The discussion around VVPAT verification reflects ongoing concerns about ensuring electoral integrity and public trust in the voting process.
  • Challenges Ahead: Balancing the need for efficient electoral processes with the imperative of maintaining voter confidence remains a critical challenge for the ECI and political parties in India.

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

Attend Now

International Space Agencies – Missions and Discoveries

Space Missions to Watch in 2024

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Various Missions mentioned

Mains level: Read the attached story

space

Introduction

  • 2023 Milestones: NASA’s OSIRIS-REx mission returned a sample from an asteroid, and India’s Chandrayaan-3 explored the lunar South Pole.
  • 2024 Prospects: The year is set to be thrilling for space exploration, with several missions under NASA’s Artemis plan and Commercial Lunar Payload Services targeting the moon.

Key Missions to Follow in 2024

[1] Europa Clipper: Unveiling Jupiter’s Moon

  • Mission Overview: NASA’s Europa Clipper aims to explore Europa, one of Jupiter’s largest moons, known for its icy surface and potential subsurface saltwater ocean.
  • Scientific Goals: The mission will conduct close flybys to study Europa’s ice shell, geology, and subsurface ocean, seeking signs of habitability.
  • Launch Window: Scheduled for October 10, 2024, with 21 days, aboard a SpaceX Falcon Heavy rocket.

[2] Artemis II: Human Return to the Moon

  • Program Background: Artemis II is part of NASA’s Artemis program, aiming to send humans back to the moon and establish a sustained presence for future Mars missions.
  • Mission Details: Artemis II will carry four astronauts on a 10-day mission orbiting the Moon, building upon the uncrewed Artemis I mission.
  • Launch Timeline: Planned for as early as November 2024, with potential delays to 2025.

[3] VIPER: Searching for Lunar Water

  • Mission Purpose: VIPER, a golf cart-sized rover, will explore the moon’s south pole to search for water and other volatiles.
  • Technical Challenges: The mission will navigate extreme lunar temperatures and shadowed regions during its 100-day mission.
  • Launch Schedule: Set for November 2024, following a delay for additional lander system tests.

[4] Lunar Trailblazer and PRIME-1: Water Mapping and Drilling

  • SIMPLEx Missions: As part of NASA’s low-cost planetary missions, Lunar Trailblazer will orbit the moon to map water locations, while PRIME-1 will test drilling technology.
  • Launch Dependencies: Both missions are secondary payloads, with their launch timing contingent on the readiness of primary payloads.

[5] JAXA’s Martian Moon eXploration (MMX) Mission

  • Mission Focus: MMX aims to study Mars’ moons, Phobos and Deimos, to determine their origin and collect a sample from Phobos.
  • Scientific Objectives: The mission will spend three years conducting science operations around Mars and its moons.
  • Launch Plan: Scheduled for around September 2024.

[6] ESA’s Hera Mission: Asteroid Defense Study

  • Mission Context: Hera will follow up on NASA’s DART mission to the Didymos-Dimorphos asteroid system, where DART tested the kinetic impact technique for planetary defense.
  • Research Goals: Hera will study the physical properties of the asteroids and assess the impact of the DART collision.
  • Launch and Arrival: Set for October 2024, with arrival at the asteroid system expected in late 2026.

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

Attend Now

ISRO Missions and Discoveries

Crucial Role of Karman Line in Space Defense Strategies

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Karman Line

Mains level: Read the attached story

Introduction

  • The Karman line, the theoretical boundary between Earth’s atmosphere and outer space, plays a crucial role in space defense and satellite communications.

Understanding the Karman Line

  • The Karman Line is an abstract boundary positioned at an altitude of 100 kilometers above sea level.
  • Its primary function is to establish the separation between Earth’s atmosphere and the vast expanse of space.
  • Although not universally accepted by all scientists and space explorers, the majority of countries and space organizations acknowledge this demarcation.
  • It was formally established in 1960s by the Federation Aeronautique Internationale (FAI), a body responsible for record-keeping.
  • Crossing the Karman Line designates an individual as an astronaut.

Potential Threats from Dominating the Karman Line

  • Anti-Satellite Weapons: Control over the Karman line could enable adversaries to deploy weapons targeting satellites, disrupting communication links.
  • Jamming and Interference: Adversaries might use systems to disrupt satellite communications, causing blackouts or degraded performance.
  • Hacking and Cyber-attacks: Unauthorized access to satellite systems could lead to data breaches or manipulation of communication signals.
  • Physical Interception or Tampering: The ability to physically reach satellites could allow adversaries to alter orbits, damage components, or eavesdrop on communications.
  • Space Debris and Kinetic Kill Vehicles: Creating debris or deploying kinetic kill vehicles could disrupt satellite networks.
  • Electromagnetic Pulse (EMP) Weapons: EMPs could damage satellite electronics, rendering them inoperable.
  • Denial of Access to Space: Dominating the Karman line could enable adversaries to deny space access to certain countries or entities.
  • Spoofing and Deception: Manipulating satellite communication signals could mislead or deceive users.
  • Space-based Cyber-Physical Attacks: Combining cyber and physical methods could disrupt or manipulate satellite operations.
  • Policy and Regulatory Challenges: Dominance could lead to geopolitical challenges and affect international agreements related to space activities.

Historical Context and Recent Developments

  • First Breach by V-2 Missile: On June 20, 1944, the V-2 became the first object to breach the Karman line, marking a significant milestone in space exploration.
  • Superpower Dominance: Both the United States and the Soviet Union have historically sought to dominate space for military and reconnaissance purposes, leading to the development of anti-satellite weapons and ballistic missiles.

India’s Evolving Space Program

  • Shift in Focus: India’s space program has transitioned from a developmental focus to incorporating space for national security objectives, particularly in response to China’s counter-space capabilities.
  • Military and Security Considerations: India’s approach now includes robust launch capabilities, military satellites, and an emphasis on self-reliance and situational awareness.

Conclusion

  • Strategic Importance: The Karman line’s significance extends beyond scientific understanding to encompass crucial defense strategies in space.
  • Need for Vigilance and Cooperation: Nations must protect their space-based assets and collaborate internationally to address the multifaceted threats associated with dominating this critical boundary.
  • Future of Space Defense: As space becomes increasingly contested, understanding and securing the Karman line is vital for maintaining and defending capabilities in outer space.

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

Attend Now

Telecom and Postal Sector – Spectrum Allocation, Call Drops, Predatory Pricing, etc

Direct-to-Mobile (D2M) Technology in India

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Direct-to-Mobile (D2M) Technology

Mains level: Read the attached story

Direct-to-Mobile (D2M)

Introduction

  • The Telecommunication Engineering Centre (TEC) has identified significant challenges in implementing direct-to-mobile (D2M) technology, which allows streaming TV content directly to mobile phones without an internet connection.
  • The proposal for D2M has faced opposition from technology companies like Qualcomm, Samsung, Ericsson, Nokia, and telecom operators.

About Direct-to-Mobile (D2M) Technology

  • Direct-to-mobile (D2M) technology is a method of transmitting content directly to mobile devices using broadcast signals. Here are the key points to understand about D2M technology:
  • D2M uses broadcast networks, similar to those for TV and radio, to send content directly to mobile devices, bypassing traditional cellular or internet data networks.
  • This technology is efficient for delivering the same content to many users simultaneously, reducing the load on cellular networks and making it ideal for live events or popular broadcasts.
  • Mobile devices need to be equipped with specific hardware to receive and decode broadcast signals, which may require new standards in smartphone manufacturing.
  • D2M can offer high-quality video and audio streaming, as it doesn’t depend on the variable speed and stability of an internet connection.

Key Challenges Identified by TEC

  • Integration Issues: Integrating smartphones with D2M and digital terrestrial TV to mobile devices (DTT2M) technologies is a major challenge.
  • Infrastructure Requirements: Implementing technologies like Advanced Television Systems Committee (ATSC) 3.0 (NextGen TV) may necessitate a new nationwide network for indoor coverage, adding complexity.
  • Increased Costs: The adoption of D2M technology could lead to higher costs for smartphone manufacturers and, consequently, higher phone prices.
  • Ecosystem and Viability Concerns: Challenges include the availability of a handset ecosystem, scalability, business viability, and spectrum requirements.

TEC’s Report and Consultation Findings

  • Device Ecosystem: Success in adopting D2M technology hinges on enabling service on mobile devices, particularly smartphones or tablets, and creating an open-market, low-cost device ecosystem.
  • Need for Compatible Standards: A standard compatible with existing mobile handsets is essential for cost-effectiveness and leveraging the existing ecosystem.
  • Offloading Broadcasting Traffic: The standard should facilitate offloading broadcasting traffic over phones and guide the design and manufacture of smartphones for direct broadcast signal reception.

Government’s Intent and Potential Uses of D2M

  • Convergence of Services: The government aims to explore the convergence of broadcasting and broadband services through D2M technology.
  • Direct Broadcasting Benefits: Users could receive terrestrial digital TV content on handsets, similar to FM radio. The technology could broadcast emergency alerts, public safety messages, and social services.
  • Traffic Offloading: Telcos could offload video content to broadcasting networks, reducing network congestion.

Global Context and Trials

  • Lack of Available Devices: Currently, no mobile devices support these broadcasting technologies or standards globally.
  • International Trials: Countries like the USA, Brazil, Mexico, and Canada are conducting trials for D2M technology.

Stakeholder Concerns and Consultation Feedback

  • Hasty Implementation Worries: Stakeholders expressed concerns about the government’s rushed approach to implementing a technology still in its early stages.
  • Telcos’ Revenue Concerns: Telecom operators are apprehensive about potential revenue losses from their data business if mobiles pick up signals from D2M technology.

Conclusion

  • Critical Factors: The success of D2M in India will depend on the development of a device ecosystem and the ability to broadcast to a vast number of open-market mobile devices.
  • Navigating Implementation Challenges: Addressing the identified challenges and considering stakeholder concerns will be crucial in determining the feasibility and success of D2M technology in India.

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

Attend Now

Promoting Science and Technology – Missions,Policies & Schemes

Indian Science Congress Postponement: Significance and Implications

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Indian Science Congress

Mains level: NA

Introduction

  • The Indian Science Congress, a significant annual event for scientists and science students in India, has been postponed from its usual start date of January 3.

About Indian Science Congress

Details
Headquarters Kolkata, West Bengal, India
Establishment 1914 in Kolkata
Annual Meeting First week of January
Membership More than 30,000 scientists
First Congress 1914 at the Asiatic Society in Calcutta
Recent Policy Change Speakers at future conferences to be vetted; scrutinizes content of talks due to past controversies
Notable Participants Prominent Indian and foreign scientists, including Nobel laureates
Genesis Initiated by British chemists Professor J. L. Simonsen and Professor P. S. MacMahon
Objectives Advance and promote science in India

Hold an annual congress

Publish proceedings and journals

Manage funds for science promotion

Perform acts conducive to these objectives

Sections, Committees, and Forums Grown from 16 sections in 2000 to 14 sections, including various scientific disciplines
International Interaction Represented in various foreign scientific academies/associations
Internal Challenges Discussions on corruption, need for transparency and overhaul of bureaucratic agencies

 

Historical Context and Importance

  • Consistent Occurrence: Held every year since 1914, except for 2021 and 2022 due to the Covid-19 pandemic, the 108th edition took place in Nagpur from January 3-7, 2023.
  • Prime Minister’s Involvement: Traditionally inaugurated by the Prime Minister, the congress is a key event in the PM’s calendar and is often their first public engagement of the New Year.

Reasons behind the Postponement

  • Funding Dispute: The postponement is a result of a disagreement between the Indian Science Congress Association (ISCA) and the Department of Science and Technology (DST) over alleged “financial irregularities” and funding withdrawal.
  • Venue Change and Withdrawal: The ISCA’s decision to move the event from Lucknow University to Lovely Professional University (LPU) in Jalandhar, which later withdrew its offer to host, contributed to the crisis.

Decline of the Indian Science Congress

  • Loss of Prestige: In recent years, the Congress has been criticized for promoting pseudoscience and failing to reflect advancements in science, leading to a decline in participation from top scientists and institutions.
  • Calls for Discontinuation: Some scientists have suggested discontinuing the event or withdrawing government support due to its diminishing scientific credibility.

Government’s Dilemma and Actions

  • Limited Influence: While the government funds the ISCA and the Congress, it has no direct role in the event’s organization, leading to challenges in addressing controversies.
  • Scaling Down Involvement: The government has reduced its involvement, such as no longer presenting awards at the inaugural session and limiting stage sharing with the PM.

Future of the Indian Science Congress

  • Potential for Resumption: ISCA general secretary Ranjit Kumar Verma expressed hope for organizing the congress before March 31, with possible attendance by the Prime Minister.
  • Continued Government Support: A government official indicated that financial support for future events might resume, despite disagreements over this year’s funding.

Way Forward

  • Alternative Scientific Forums: Scientists suggest creating alternative forums to discuss the latest scientific developments and foster scientific temper, similar to events in other countries.
  • Enhancing Indian Science: Such forums could increase the competitiveness of Indian science and encourage collaborative research with leading global institutions.

Conclusion

  • Assessing the Impact: The postponement of the Indian Science Congress reflects broader issues in India’s scientific community and the need for reform.
  • Opportunity for Revitalization: This situation presents an opportunity to revitalize scientific discourse in India, potentially leading to more impactful and globally recognized scientific forums.

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

Attend Now

Indian Missile Program Updates

Akash Missile System: India’s Iron Dome

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Akash Missile System

Mains level: Indigenization in Defence

akash missile

Central Idea

  • India demonstrated the firepower of its Akash surface-to-air (SAM) weapon system, where a single firing unit simultaneously engaged and destroyed four unmanned targets during the recent Exercise Astrashakti 2023.
  • Countries like Armenia, Brazil, and Egypt have shown interest in acquiring the Akash SAM.

About Akash Missile System

Details
Development and Production Developed by the Defence Research and Development Organisation (DRDO), produced by Bharat Dynamics Ltd (BDL).
Type Short-range Surface-to-Air Missile (SAM).
Engagement Capacity Engages four aerial targets simultaneously at a range of 25 km from a single firing unit.
Target Engagement Capable of targeting multiple threats concurrently in group or autonomous modes.
Electronic Counter-Counter Measures (ECCM) Equipped to counter enemy jamming and evasion tactics.
Mobility and Agility Configured on mobile platforms for rapid deployment and relocation.
Operational Use In service with the Indian Army and the Indian Air Force (IAF).
Range and Altitude Effective range of 4.5 km to 25 km, with an altitude range of 100 meters to 20 km.
Physical Dimensions Length: 5,870 mm; Diameter: 350 mm; Weight: 710 kg.
Automation and Response Fully automated with quick response from target detection to neutralization.
System Architecture Open-system architecture for adaptability to current and future air defense environments.

Comparison with Israel’s Iron Dome

  • Interception Capabilities: Akash is often compared to Israel’s Iron Dome due to its ability to intercept UAVs, smaller projectiles, helicopters, and aircraft.
  • Defensive Role: While similar to the Iron Dome, Akash is primarily designed for defense against larger aerial threats like aircraft, rather than small rockets.

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

Attend Now

Urban Transformation – Smart Cities, AMRUT, etc.

India’s Transition in Slum Definitions

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NA

Mains level: Slums rehabilitation in India

slum

Central Idea

  • Research Citation: Nipesh Narayanan’s research, published in the Economic & Political Weekly on October 21, 2023, delves into the changing conceptualization of slums in Indian parliamentary debates from 1953 to 2014.
  • Policy on Slums: These shifting narratives have significantly influenced government policies and approaches towards slums.

Evolution of Discourses on Slums

  • Parliamentary Debates Analysis: Narayanan analyzed 1,228 debates in the Rajya Sabha and various policy documents, including Five-Year Plans, to trace the evolution of discourses surrounding slums.
  • Dynamic Definitions: The study highlights the fluid nature of slum definitions and the tendency to overlook urban disparity as a causal factor in slum formation.

Eras of Changing Perspectives

  1. 1950s-1960s: Initially, slums were seen as a by-product of partition and rapid urbanization. The focus was on eradication due to health concerns and spatial constraints, side-lining socio-economic factors like migration. The Slum Areas Act of 1956 marked a significant shift, allowing government intervention in slum areas.
  2. Early 1970s-Mid-1980s: The narrative shifted to viewing slums as necessary evils requiring development rather than eradication. Town planning emerged as a key tool, pushing slums to city peripheries and prioritizing basic amenities over demolition.
  3. Mid-1980s-Late 1990s: With the National Commission on Urbanisation’s report in 1985, cities and slums began to be seen as economic assets. This era saw a focus on housing policies and infrastructure development, with economic reasoning driving interventions.
  4. 2000s-2014: The 2001 Census provided comprehensive data on slums, leading to targeted schemes. Slums transitioned from social concerns to technical, economic objects. The focus was on upgradation strategies, legal rights, and property rights for slum dwellers.

Slum Formation and Government Response

  • Causality and Complexity: The research identifies urban planning issues, population growth, land pressure, and housing affordability as key factors in slum formation.
  • Government Role: The Union government’s role shifted to funding State governments for urban improvement, with a focus on data-driven policies.

Technocratic Solutions and Challenges

  • Technological Reliance: The increasing dependence on technological solutions for urban issues is evident in current government policies.
  • Critical Examination: The article warns against using slums merely as a tool for anti-poverty policies and emphasizes understanding slum formation beyond numerical data.

Conclusion

  • Historical Insights: Narayanan’s analysis provides valuable insights into the historical shifts in government perceptions and actions towards slums.
  • Significance for Urban Studies: This research contributes significantly to the understanding of urban dynamics, socio-economic inequalities, and the complexities of slum life in India.

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

Attend Now

Road and Highway Safety – National Road Safety Policy, Good Samaritans, etc.

Nationwide Transportation Strike: Protests against Bharatiya Nyaya Sanhita

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NA

Mains level: Read the attached story

Strike

Central Idea

  • The nationwide transportation strike entered its second day, causing huge disruptions across the country.
  • The strike, involving truck, bus, and tanker drivers, is a protest against stringent regulations under the Bharatiya Nyay Sanhita (BNS) for hit-and-run cases.

Background of the Strike: BNS Provisions

  • Implementation of BNS: The Bharatiya Nyaya Sanhita, which introduces tougher penalties for hit-and-run cases, has not yet been implemented.
  • Comparison with IPC: The new law replaces Section 304A of the Indian Penal Code, which had a lesser punishment for causing death by negligence.
  • Section 106 Controversy: Transporters are protesting Section 106 of the BNS, which increases punishment for rash and negligent driving to a maximum of 10 years.
  • Section 106(1) and 106(2): These sections provide for punishments in hit-and-run cases, with Section 106(1) offering a lesser sentence for those who report accidents.
  • Abiding to Supreme Court Observations: The increase in sentence duration to 10 years is based on the Supreme Court’s recommendations for stricter actions against reckless drivers who flee accident scenes.

Protesters’ Concerns and Demands

  • Fear of Unjust Punishments: Transport operators argue that the new law could lead to unfair punishments and expose drivers to mob violence.
  • Lack of Stakeholder Consultation: There is a sentiment that the law was passed without adequate discussion with relevant stakeholders.
  • Skepticism about Government Promises: All India Motor Transport Congress expressed doubts about the government’s assurances, predicting fuel shortages and driver protests.

Impact of the Strike

  • Widespread Disruptions: The strike has significantly impacted transportation, especially in northern states like Uttar Pradesh, Punjab, Himachal Pradesh, and others, as well as West Bengal, Odisha, and southern states.
  • Fuel Shortages: Long queues at petrol pumps have been reported, indicating a hit to fuel supply.

Conclusion

  • Continued Protests: Despite some transport bodies calling off the strike, others continue to protest, affecting transportation and fuel supply.
  • Need for Dialogue: The situation underscores the need for further dialogue between the government and transport stakeholders to address concerns and find a resolution.

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

Attend Now

Tribes in News

Sarna Religion and its Forest Conservation Rituals

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Sarna Religion

Mains level: Not Much

Sarna Religion

Central Idea

  • A study at IIT Indore on tribal culture, forest conservation, and wildfire in central India sheds light on the Sarna religion’s tenets.

About Sarna Religion

Details
Nature of Faith Indigenous religious faith predominantly followed in the Chota Nagpur Plateau region.
Geographical Spread Jharkhand, Odisha, West Bengal, Bihar, Chhattisgarh, and smaller numbers in Assam, Punjab, Madhya Pradesh.
Central Belief Reverence of Sarna, the sacred groves, and worship of a village deity (Gram deoti, Dharmes, Marang Buru, etc.)
Etymology ‘Sarna’ means ‘grove’, related to the sal tree.
Theology Worship of village deities and the mother goddess identified as the earth or nature.
Sacred Grooves Patches of forest considered sacred, such as sal, mahua, neem, and banyan trees.

No harm allowed to these areas.

Practices Rituals performed in sacred groves involving village priests; worship of ancestors.
Main Festival Sarhul: Celebrating nature and ancestors, offerings made to sacred trees like sal.

Karam: Worship of the sacred karam tree, focusing on crop enrichment and preservation of biodiversity.

Faggu: Gathering of dry wood and leaves from forests, reducing fuel load and lowering wildfire risks.

Tribes Following Followed by various tribes including Santal, Oraon, Ho, Munda, Bhumij, and others.
2011 Census Counted 4,957,467 followers in India, primarily in eastern states.
Sarna Code Resolution (2020) Jharkhand assembly passed a resolution for the inclusion of Sarna as a separate religion in the census.
Impact of Colonialism Historical conflict due to Western missionary activities in tribal areas.

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

Attend Now

Wildlife Conservation Efforts

Kyrgyzstan declares Snow Leopard as National Symbol

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Snow Leopard

Mains level: NA

Snow Leopard

Central Idea

  • Kyrgyzstan, a Central Asian country, has declared the snow leopard as its national symbol.

About Snow Leopard

Details
Habitat Mountainous regions of Central and Southern Asia; in India: western and eastern Himalayas.
Indian Geographical Range Western Himalayas (J&K, Ladakh, Himachal Pradesh, Uttarakhand) and Eastern Himalayas (Sikkim, Arunachal Pradesh).
Project Snow Leopard (2009) Aims to strengthen wildlife conservation in the Himalayan high altitudes, involving local communities.
Conservation Status IUCN Red List: Vulnerable

CITES: Appendix I

Wildlife (Protection) Act, 1972 (India): Schedule I

India’s Conservation Efforts Flagship species for high altitude Himalayas.

Part of GSLEP Programme since 2013.

Himalaya Sanrakshak community programme (2020).

National Protocol on Snow Leopard Population Assessment (2019)

SECURE Himalaya project (GEF-UNDP funded).

Listed in 21 critically endangered species for recovery by MoEF&CC.

Conservation breeding at Padmaja Naidu Himalayan Zoological Park.

GSLEP Programme Inter-governmental alliance of 12 snow leopard countries (India, Nepal, Bhutan, China, Mongolia, Russia, Pakistan, Afghanistan, Kyrgyzstan, Kazakhstan, Tajikistan, and Uzbekistan), focusing on ecosystem value awareness.
Living Himalaya Network Initiative WWF’s initiative across Bhutan, India (North-East), and Nepal for conservation impact in the Eastern Himalayas.

Significance of the Snow Leopard

  • The snow leopard symbolizes the health and stability of mountain ecosystems, which cover a significant portion of the global territory.
  • The snow leopard has been a totem animal in ancient Kyrgyz culture, associated with the legendary figure Manas.
  • The harmony between humans and nature, symbolized by the snow leopard, is portrayed in Chyngyz Aitmatov’s novel “When Mountains Fall.”

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

Attend Now

RBI Notifications

India’s 1991 Crisis and the RBI Governor’s Role

Note4Students

From UPSC perspective, the following things are important :

Prelims level: BOP Crisis, LPG Reforms

Mains level: Read the attached story

S. Venkitaramanan, former Governor of the RBI

Central Idea

  • S. Venkitaramanan, former Governor of the Reserve Bank of India (RBI), passed away, leaving behind a legacy of significant contributions.
  • His tenure is marked by crucial interventions during India’s economic crises and a commitment to open dialogue and innovative policies.

Navigating the Balance of Payments Crisis

  • Economic Turbulence in 1990: India faced a severe balance of payments crisis due to reduced remittances and increased oil prices.
  • Critical Measures: Under Venkitaramanan’s leadership, the RBI took bold steps, including pledging gold reserves, to avert a default on international payments.
  • Impact of Gold Pledging: This move, though criticized domestically, was crucial in maintaining India’s international credibility and financial stability.

Role in Economic Reforms

  • Import Compression Strategy: Venkitaramanan initiated a program of import compression, significantly reducing the current account deficit.
  • Foundation for Future Reforms: These measures laid the groundwork for the economic reforms introduced by the Narasimha Rao government and Dr. Manmohan Singh.

Challenges and Controversies

  • The Harshad Mehta Scam: Venkitaramanan’s tenure was marred by the securities scandal involving Harshad Mehta, overshadowing his earlier achievements.
  • Public Perception: Despite his significant contributions, the public memory often overlooks his role in steering India through economic turmoil.

Remarkable Openness and Inclusivity

  • Engagement with Diverse Opinions: Venkitaramanan was known for his openness to different viewpoints, engaging with economists and critics alike.
  • Innovative Approach to Policy Making: His willingness to consider varied perspectives contributed to more inclusive and effective economic policies.

Legacy in the RBI and Beyond

  • Establishment of the Development Research Group: Venkitaramanan’s vision led to the creation of this group, aiming to foster interaction between the RBI and independent economists.
  • Influence on Current Economic Policies: His belief in relying on India’s intellectual resources continues to influence the RBI’s approach, though challenges like inflation management persist.

Conclusion

  • Enduring Impact: S. Venkitaramanan’s tenure as RBI Governor was marked by courageous decisions and a commitment to intellectual openness.
  • Remembering His Contributions: While his term had its challenges, his role in safeguarding India’s economy and fostering a culture of dialogue and research within the RBI remains a significant part of his legacy.
  • Inspiration for Future Leaders: His approach to economic policy and management continues to serve as an inspiration for current and future leaders in the field.

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

Attend Now

Electoral Reforms In India

In news: Electoral Bond Scheme

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Electoral Bond Scheme

Mains level: Read the attached story

Central Idea

  • The government has announced a fresh tranche of electoral bond sales for a 10-day period starting through the authorised branches of State Bank of India across the country.

About the Electoral Bond Scheme

Definition Banking instruments for political party donations with donor anonymity.
Launch 2017-18 Union Budget
Purchase Method Available to Indian citizens and Indian-incorporated companies from select State Bank of India branches. Can be bought digitally or via cheque.
Donation Process Purchasers can donate these bonds to eligible political parties of their choice.
Denominations Available in multiples of ₹1,000, ₹10,000, ₹10 lakh, and ₹1 crore.
KYC Requirements Purchasers must fulfill existing KYC norms and pay from a bank account.
Lifespan of Bonds Bonds have a 15-day life to prevent them from becoming a parallel currency.
Identity Disclosure Donors contributing less than ₹20,000 need not provide identity details like PAN.
Redemption Electoral Bonds can be encashed only by eligible political parties through an Authorized Bank.
Eligibility of Parties Only parties meeting specific criteria, including securing at least 1% of votes in the last General Election, can receive Electoral Bonds.
Restrictions Lifted Foreign and Indian companies can now donate without disclosing contributions as per the Companies Act.
Objective To enhance transparency in political funding and ensure funds collected by political parties are accounted or clean money.

 

Also read:

Challenging the Electoral Bond Scheme

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

Attend Now

Modern Indian History-Events and Personalities

Kharsawan Massacre of 1948: A Tragic Chapter in Jharkhand’s History

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Kharsawan Massacre

Mains level: Read the attached story

Kharsawan

Central Idea

  • On January 1, 1948, the town of Kharsawan in present-day Jharkhand witnessed a massacre reminiscent of what happened in Jallianwala Bagh in 1919.
  • Police opened fire at a crowd gathered for a protest and the weekly haat (market), killing hundreds, or by some accounts, thousands of Adivasis.

Kharsawan Massacre: A Background

  • Since the creation of the Bihar and Orissa Province in 1912, Adivasis in the region sought a separate state, reflecting their unique culture and grievances.
  • This demand gained momentum over the years, with the Simon Commission acknowledging the distinct nature of the region in 1930.
  • In 1938, the Adivasi Mahasabha was established to further this cause, led by prominent leader Jaipal Singh Munda.

Kharsawan’s Merger Controversy

  • Merger with Orissa: In 1947, Kharsawan, a princely state with a significant Odia-speaking population, decided to join Orissa during India’s princely states’ integration.
  • Adivasi Opposition: However, most Adivasis opposed this merger, desiring a separate state instead.

The Massacre

  • Protest Gathering: On January 1, 1948, a large gathering was organized in Kharsawan to protest the merger, coinciding with the weekly market day. Over 50,000 people, including those from distant villages, assembled, many to see Jaipal Munda, who was expected but did not arrive.
  • Police Open Fire: The large crowd and tense atmosphere led the Orissa military police to open fire, resulting in a massacre. The exact number of casualties remains unclear, with estimates ranging from a few dozen to several thousand.
  • Aftermath: The bodies were disposed of in a well and the jungle, and many injured were left untreated. The incident remains a dark and unresolved chapter in Indian history.

Legacy

  • Uncertain Death Toll: Official records state 35 deaths, but other sources, like P.K. Deo’s “Memoir of a Bygone Era,” suggest numbers as high as 2,000.
  • Lack of Accountability: No definitive report or accountability for the massacre has been established.
  • Memorial and Remembrance: A memorial in Kharsawan serves as a reminder of this tragedy, with political leaders often visiting to pay respects.

Conclusion

  • The Kharsawan massacre is a poignant reminder of the complexities and tragedies during India’s transition to independence, particularly for marginalized communities like the Adivasis.
  • It underscores the unresolved issues of tribal rights and recognition in India’s history.

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

Attend Now

Global Geological And Climatic Events

Earthquake and Tsunami strikes Central Japan

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Earthquakes in Japan

Mains level: Read the attached story

japan

Central Idea

  • On January 1, 2024, a 7.5-magnitude earthquake hit Ishikawa prefecture in Japan, triggering tsunami waves over a meter high.

Japan’s Geographical Vulnerability

  • Japan’s geographical vulnerability, particularly concerning plate tectonics, is a critical aspect of its environmental and disaster management challenges.
  • The country’s location at the convergence of several major tectonic plates makes it highly susceptible to seismic activities.

Here’s a detailed look at how plate tectonics contribute to Japan’s geographical vulnerability:

[1] Convergent Plate Boundaries:

  • Pacific Ring of Fire: Japan is located on the Pacific Ring of Fire, an area with a high level of seismic activity due to the presence of numerous tectonic plate boundaries.
  • Plates Involved: The primary tectonic plates interacting near Japan are the Pacific Plate, the Philippine Sea Plate, the Eurasian Plate, and the North American Plate.
  • Subduction Zones: The Pacific and Philippine Sea plates are subducting beneath the Eurasian and North American plates. This subduction process is a significant source of seismic activity, including powerful earthquakes and volcanic eruptions.

[2] Earthquake Activity:

  • Frequent Earthquakes: The movement of these plates results in frequent earthquakes. Japan experiences thousands of tremors annually, ranging from minor to catastrophic.
  • Major Earthquakes: Historical events like the 2011 Great East Japan Earthquake and the 1995 Great Hanshin Earthquake demonstrate the potential for massive destruction and loss of life due to Japan’s tectonic setting.

[3] Tsunami Risk:

  • Generation of Tsunamis: Earthquakes occurring under the sea or along the coast can displace large volumes of water, leading to tsunamis. The 2011 tsunami, triggered by a massive undersea earthquake, caused widespread devastation and the Fukushima nuclear disaster.
  • Coastal Impact: Japan’s extensive coastline makes it particularly vulnerable to tsunamis, which can arrive within minutes of an undersea earthquake, leaving little time for evacuation.

[4] Volcanic Activity:

  • Volcanic Eruptions: The subduction of the Pacific and Philippine Sea plates not only causes earthquakes but also contributes to significant volcanic activity. Magma generated by the melting of the subducted plate rises to the surface, leading to volcanic eruptions.
  • Active Volcanoes: Japan has over 100 active volcanoes, a direct result of its tectonic setting. Eruptions pose risks to nearby populations and can disrupt air travel and local economies.

[5] Geological Complexity:

  • Intersecting Faults: The interaction of multiple tectonic plates creates a complex network of faults, increasing the unpredictability and variability of seismic events.
  • Diverse Seismic Phenomena: This complexity leads to a range of seismic phenomena, including deep-focus earthquakes, which occur at greater depths and can affect broader areas.

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

Attend Now

Blockchain Technology: Prospects and Challenges

Virtual Digital Asset Regulation: Global Perspectives and Challenges

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Virtual Digital Assets (VDAs)

Mains level: Read the attached story

Central Idea

  • The Financial Intelligence Unit India (FIU IND) issued notices to offshore virtual digital asset service providers (VDA SPs) for non-compliance with the Prevention of Money Laundering Act, 2002 (PMLA).
  • A request was made to the Ministry of Electronics and Information Technology to block URLs of these entities.

About Virtual Digital Assets (VDAs)

  • Digital Value: Virtual Digital Assets are digital forms of value like cryptocurrencies and tokens. They are secured using cryptography and blockchain technology.
  • Intangible and Digital: These assets exist only in digital form and can be used for transactions, investments, or as a store of value.
  • Decentralized: They usually operate independently of central authorities, which makes them attractive but also prone to risks like money laundering. This has led to calls for regulation and oversight.

Premise of Non-Compliance with PMLA

  • Regulatory Changes in 2023: VDA SPs were brought under anti-money laundering and counter-terrorism financing regulations in March 2023.
  • Mandatory Compliance: These regulations required VDA SPs to register, verify client identities, and maintain records of financial transactions.
  • Non-Registration Issue: Non-compliant entities continued to serve Indian users without registration, evading the AML and CFT framework.

Purpose of PMLA Compliance

  • Monitoring Financial Transactions: The PMLA aims to track financial transactions to prevent money laundering and terror financing.
  • Selective Compliance Advocacy: Legal experts suggest that FIU IND should enforce compliance only on entities fitting the March 2023 notification parameters.
  • KYC Benefits: Adherence to KYC mandates is seen as beneficial for VDA SPs, addressing concerns about anonymity and unlawful use of crypto assets.

Global Efforts and Indian Enforcement

  • India’s Global Advocacy: India’s enforcement aligns with its global efforts for cryptocurrency regulation, including proposed frameworks by the IMF and the Financial Stability Board.
  • G-20 Influence: India’s role in the G-20 has been pivotal in advocating for global cryptocurrency regulation.

International Regulatory Landscapes

  • Dubai’s VARA Model: Dubai’s Virtual Assets Regulatory Authority (VARA) provides a comprehensive licensing framework, emphasizing consumer protection and AML-CFT compliance.
  • EU’s MiCA Regulation: The Markets in Crypto-Assets Regulation (MiCA) in the EU focuses on transparency, disclosure, and supervision, requiring service providers to be authorized.
  • U.S. Regulatory Framework: The U.S. lacks a comprehensive nationwide framework but covers digital assets under existing regulations like the Bank Secrecy Act.

Considerations in Regulating Virtual Digital Assets (VDAs)

  • Policy Options by BIS: The Bureau for International Settlements (BIS) outlines three policy options: outright ban, containment, and regulation.
  • Challenges of an Outright Ban: An outright ban may be unenforceable due to the pseudo-anonymous nature of crypto markets.
  • Containment Strategy: Containment involves controlling flows between crypto and traditional financial systems but may not address inherent vulnerabilities.
  • Regulatory Motivations: The motivation to regulate varies, with the need to ensure regulatory benefits outweigh costs.
  • Focus Areas for Emerging Markets: Emerging market economies (EMEs) need to define regulatory authority, scope of regulation, and fill data gaps to understand technology interconnections.

Conclusion

  • Balancing Act: Regulating virtual digital assets presents a complex balancing act between innovation, consumer protection, and financial stability.
  • Global Coordination: The varied approaches across jurisdictions highlight the need for global coordination and harmonization in VDA regulations.
  • India’s Proactive Stance: India’s recent actions reflect a proactive stance in aligning with global standards while addressing local concerns.
  • Future Challenges: As the virtual asset landscape evolves, regulators worldwide will continue to face challenges in adapting their frameworks to ensure effective oversight without stifling innovation.

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

Attend Now

JOIN THE COMMUNITY

Join us across Social Media platforms.

💥UPSC 2026 Mentorship - April Batch Launch
💥UPSC 2026 Mentorship - April Batch Launch