Daily Current Affairs

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Electoral bonds worth Rs 10,246 crore sold by State Bank of India in 21 tranches.

November 18, 2022

Electoral bonds worth Rs 10,246 crore have been sold by the State Bank of India (SBI) since the instrument was launched in March 2018.
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding.
Only 0.25 per cent in value terms were from one lakh, ten thousand and one thousand denominations.
SBI has been authorised to issue and encash electoral bonds through 29 authorised branches. The authorised SBI branches include those in Lucknow, Shimla, Dehradun, Kolkata, Guwahati, Chennai, Patna, New Delhi, Chandigarh, Srinagar, Gandhinagar, Bhopal, Raipur, and Mumbai.
The sale of the first batch of electoral bonds started on March 1-10, 2018.
An electoral bond is valid for 15 days from the date of issuance. No payment can be made to any political party if the bond is deposited after the expiry of the validity period.
Electoral bonds can be purchased by Indian citizens or entities incorporated or established in the country.
Registered political parties that have secured not less than 1 per cent of the votes polled in the last Lok Sabha or legislative Assembly election are eligible to receive funding through electoral bonds.
Electoral Bond (EB) is a bearer instrument in the nature of a Promissory Note and an interest-free banking instrument.
The government, on January 2, 2018, notified the Electoral Bond Scheme, 2018 to establish and cleanse the system of political funding in the country.
As per provisions of the scheme, electoral bonds may be purchased by a person, who is a citizen of India or entities incorporated or established in India
The purchaser is allowed to buy an electoral bond(s) only on due fulfilment of all the extant instructions regarding KYC norms issued by the Reserve Bank of India (RBI) and by making payment from a bank account.
All payments for the issuance of the bond are accepted only in Indian rupees, through demand draft or cheque through Electronic Clearing System or direct debit to the buyer’s account.

Category: Economy

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Russia and Ukraine agree to extend grain deal by four months.

November 18, 2022

Russia and Ukraine have agreed to extend the grain deal brokered by the United Nations and Turkey by another 120 days. The deal allows grain exports from Ukrainian ports through a safe corridor in the Black Sea. UN Secretary-General Antonio Guterres welcomed the agreement by all parties to continue the Black Sea Grain initiative.
Ukraine’s Infrastructure Minister Oleksandr Kubrakov said that the decision was made in Istanbul after the talks were held for the same. So far, nearly 11 million tons of grain and foodstuffs have been exported under the agreement. The grain export has served as a lifeline to Ukraine’s crippled economy amid the ongoing conflict and helped ease food shortages around the world.
The deal will continue with the existing provisions. Ships will carry grain from three Ukrainian ports of Chornomorsk, Odesa and Yuzhny and Pivdennyi. They will travel through the humanitarian corridor set up in the Black Sea and stop in Istanbul for inspection before continuing to the final destination.
The grain deal is vital for many African countries as they face crop failure due to weather extremes and internal conflicts. The nations that will benefit from the deal include Egypt ,Djibouti, Somalia and Sudan Senegal, Rwanda, Congo, Libya, Tanzania and Namibia.

Category: International

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India, Australia convene fifth bilateral Cyber Policy Dialogue in New Delhi.

November 18, 2022

India and Australia convened their fifth bilateral Cyber Policy Dialogue in New Delhi.
The Cyber Policy Dialogue was held under the auspices of the India-Australia Framework Arrangement on Cyber and Cyber-Enabled Critical Technology Cooperation and Plan of Action 2020-2025 for a comprehensive and deeper cyber cooperation.
The dialogue was co-chaired by Joint Secretary (Cyber Diplomacy Division) Muanpuii Saiawi from Ministry of External Affairs.
The Indian delegation consisted of senior officials from National Security Council Secretariat, Home Ministry, Ministry of Electronics and Information technology, Department of Telecommunications, CERT-In and National Critical Information Infrastructure Protection Centre. The Australian delegation comprised of senior officials from the Department of Foreign Affairs and Trade, Department of Home Affairs, Department of Industry Science and Resources, and the Australian Federal Police.
The Cyber Policy Dialogue provides a bilateral platform to discuss a range of high-profile issues of mutual interest. Discussions at this Dialogue included strategic priorities, cyber threat assessment, next generation telecommunications (including 5G technology) capacity building and cooperation in the Indo-Pacific region, and the latest developments in cyber at the United Nations.
Australia and India agreed to explore opportunities for further collaboration with the private sector and academia.
Both countries will jointly conduct a Cyber Bootcamp, as well as Cyber and Tech Policy Exchanges, in collaboration with Indo-Pacific partners.
The sixth India-Australia Cyber Policy Dialogue will be held next year.

Category: Summits

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ISRO to launch the first-ever private Rocket from Sriharikota in Andhra Pradesh.

November 18, 2022

India’s first-ever private launch of Vikram Suborbital rocket will take place at the Satish Dhawan Space Centre, Sriharikota. All arrangements are in place for the rocket to be launched at around 11.30 am. The countdown of the launch will begin at 8.30.
The Mission Prarambh will carry three customer payloads Space Kidz India, Bazoomq Armenia and N-Space Tech India.
The one stage rocket is equipped with sensors for securing datas including measurement of acceleration and pressure. This mission is a milestone in the history of ISRO.
A non-government entity, the start up Skyroot Aerospace Private limited had developed the single-stage Vikram Suborbital rocket .
Weighing 550 kilogram the rocket will reach a maximum altitude of 101 km and is expected to splash in the sea after an overall duration of 300 seconds post-launch.
These rockets require Minimal range infrastructure and can be assembled and launched within 24 hours from any launch site. Skyroot was the first startup to sign an MOU with ISRO for launching its rockets. Union Minister of Space Dr.Jitendra Singh is expected to participate in today’s launch.
The Sky root start-up is planning to send more than 20,000 small satellites in the coming decade. Vikram series is named after Dr. Vikram Sarabhai, the father of Indian Space Science. The rocket was designed to enable this through unprecedented mass producibility and affordability.

Category: Science and Technology

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Project to revive dried Dal lake in Dharamsala awaits nod.

November 17, 2022

A Rs 20-crore project, submitted by the Irrigation and Public Health (IPH) Department to the Urban Development Department for the revival of the dried Dal lake here, is awaiting approval.
Kulbhash Sharma, a resident of Naddi, said the lake used to retain water throughout the year. However, a few years ago, PWD officials dug up the base of the lake with JCBs to deepen it and remove silt. Since then, the lake had lost its capacity to retain water.
Kangra DC Nipun Jindal said a Rs 20-crore proposal, submitted by the IPH Department to save the lake, was awaiting the approval of the Urban Development Department. Superintending Engineer, IPH Department, Dharamsala, Deepak Garg said the proposal was submitted under the AMRUT scheme of the Centre for its revival. The Rs 20-crore cost, given in the project report, was tentative. It was proposed to plug the leakage on the floor of the lake and it would be beautified as tourist destination. The approval was awaited, he said.
The lake, located at a distance of about 11 km from Dharamsala in Tota Rani village near Naddi, though small, is a natural water body, vital for the ecosystem of the surrounding hills.
The lake is located at a height of 1,775 metre and is surrounded by deodars. There is a Shiva temple on its banks. However, silt from the adjoining mountains had reduced its depth.
About half of the lake area is filled with silt which has been converted into grassland. A massive operation with the help of the locals was launched in 2011 for removing the silt from the lake. The silt was used to create a parking near the temple area.
Since then, the lake dries up rapidly. Sources said the district administration had called the geological experts to study the reasons as to why the lake was losing water. They had opined that the unscientific digging might have created aquaducts at the base of the lake, which was leading to draining of water. The sources said no solution had been found to the problem.

Category: States Current Affairs

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Kangra vulture project to be extended to nine districts.

November 17, 2022

The wildlife wing of the Forest Department has decided to extend the project for protecting the nesting and roosting sites of white-backed vultures, considered natural scavengers, being run in Kangra to nine other districts as well.
The project being run only in Kangra district has shown positive results; there has been far more sightings of vultures. “We have decided to extend the project for protecting the nesting and roosting sites of vultures to nine other districts except Kinnaur and Lahaul and Spiti,” says Rajiv Kumar, Principal Chief Conservator, Wildlife, Forest Department.
It was over two decades ago that the Wildlife Department had embarked on the project to preserve vultures, mentioned as one of the critically endangered species in the International Union for Conservation of Nature (IUCN) Red List. The number of vultures, estimated to be merely 35 in 2004, has risen considerably over the years, as feeding stations have been set up in pine forests in Nagrota Suriyan area of Kangra.
“The population estimation of vultures in Kangra and its adjoining areas has not been undertaken but the annual count of their nests and fledglings indicated that their number has gone up considerably to over 400,” says Rajiv Kumar. Vultures have been frequently sighted in several other parts of the state, including Nalagarh in Solan and Paonta Sahib in Sirmaur.
The wildlife wing has adopted the strategy to protect natural habitats of vultures rather than undertake their in-situ breeding and conservation. “Some other states like Haryana have also undertaken their in-situ breeding and conservation at Pinjore but we have adopted a different strategy where focus is on protecting their nesting and roosting sites,” he adds.
The money for the project will come from funds for the development and protection of natural habitats from various hydroelectric power projects like the Kol Dam. Besides, there are several Central agencies that can provide funds for the project.
It is based on the encouraging results of the project launched in Kangra district that prompted the wildlife wing to extend it to nine other districts. A major component of the project will be to undertake an exhaustive survey to identify roosting and nesting sites so that a congenial habitat can help in increasing the number of vultures.
Wildlife officials have managed successful fledging off of newborn in Kangra district. The main reason for the sharp dip in the population of vultures was over use of anti-inflammatory veterinary drug diclofenac, which proved fatal for vultures, which feed on carcasses. The use of this medicine has now been banned.

Category: States Current Affairs

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2nd edition of North East Olympic Games concludes in Shilllong.

November 17, 2022

The 2nd edition of the North East Olympic Games concluded in Shilllong, Meghalaya with Manipur emerging as the overall team champion with a total of 240 medals which included 88 gold medal 75 silver and 77 bronze medals.
Assam took the second spot with a total of 203 medals which included 79 gold medals, 61 silver and 63 bronze medals.
Arunachal Pradesh got the third spot from the host State with a total of 112 medals which included 39 gold, 36 silver and 37 bronze medals.
Host State Meghalaya won a total of 149 medal consisting of 36 golds, 35 silver and 78 bronze medals and secured the fourth spot.
Nagaland secured the fifth spot with a total of 78 medal comprising of 18 gold medals while Mizoram was at the sixth spot with a total of 106 medal including 16 gold medals. Tripura and Sikkim grabbed the 8th and 9th spots with four gold medals and three gold medals respectively.
Nagaland will host the next edition of the Northeast Olympic Games.

Category: Sports

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Month-long Kashi Tamil Sangamam to start today in Varanasi.

November 17, 2022

Month-long Kashi Tamil Sangamam will start in Varanasi.
The objective of Sangamam is to rediscover, reaffirm and celebrate the age-old links between Tamil Nadu and Kashi – two of the country’s most important and ancient seats of learning.
Kashi Tamil Sangamam aims to provide an opportunity for scholars, students, philosophers, traders, artisans, artists and people from other walks of life from the two regions to come together, share their knowledge, culture and best practices and learn from each others’ experience. The endeavour is in sync with National Education Policy 2020’s emphasis on integrating the wealth of Indian Knowledge Systems with modern systems of knowledge.
More than 2000 delegates from Tamil Nadu under 12 categories will visit Varanasi on 8-day tours during this sangamam.
They will see places of interest in and around Varanasi including Prayagraj and Ayodhya, and participate in seminars, lectures, and, site visits to interact with local people of the relevant categories.
Along with this, a month long exhibition of handlooms, handicrafts, ODOP products, books, documentaries, cuisine, artforms, history, tourist places of Tamil Nadu will be put up in Varanasi for the benefit of the local people.

Category: Art and Culture

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IFSCA signs MoU with RBI in the field of regulation, supervision of regulated entities.

November 17, 2022

The International Financial Services Centres Authority, IFSCA and the Reserve Bank of India have signed a Memorandum of Understanding for collaboration in the field of regulation and supervision of regulated entities.
As per an official statement, the MoU facilitates technical cooperation and exchange of information.
The agreement aims to strengthen the safety, stability and soundness of respective financial ecosystems, thereby ensuring conducive environments for optimal business development and economic growth.
While RBI is the central bank and monetary authority of India, the International Financial Services Centres Authority is a unified regulator responsible for development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (s), established across the country.

Category: Economy

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National Commission for Women (NCW) launches 4th phase of Digital Shakti campaign

November 17, 2022

National Commission for Women, NCW Chairperson Rekha Sharma has said that Digital Shakti Campaign has been accelerating the digital participation of women and girls.
Digital Shakti Campaign is a pan-India project on digitally empowering and skilling women and girls in the cyberspace.
It aims to train women and girls to use technology to their advantage and to keep themselves safe online.
Sharma launched the fourth phase of the Campaign on Tuesday. She highlighted the continuous efforts of the Commission for empowering women in every sphere across the nation.
In line with its commitment to create safe spaces for women and girls online, Digital Shakti 4.0 is focused on making women digitally skilled and aware to stand up against any illegal or inappropriate activity online.
The NCW launched it in collaboration with CyberPeace Foundation and Meta.

Category: Policies and Programmes

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