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  • IAU approves ‘Statio Shiv Shakti’ as name for Chandrayaan-3 Landing Site

    What is the news?

    The International Astronomical Union (IAU) working group for Planetary System Nomenclature recently sanctioned the name ‘Statio Shiv Shakti’ for the landing site of Chandrayaan-3’s Vikram lander, marking a significant milestone in planetary nomenclature.

    About International Astronomical Union (IAU)

    • The IAU was founded on July 28, 1919, during the Constitutive Assembly held in Brussels, Belgium.
    • Its creation was prompted by the need for international collaboration in astronomy, especially after the devastation caused by World War I.
    • It aims for promoting and safeguarding astronomy in all its aspects through international cooperation.
    • IAU is now headquartered in Paris, France.

    Major Activities and Initiatives

    • General Assembly: The IAU holds a general assembly every three years in varying parts of the world at which professional astronomers meet to discuss research, new cooperative ventures, and similar matters of professional interest.
    • Astronomical Nomenclature: IAU standardizes the nomenclature of celestial bodies, features, and phenomena. It maintains several working groups dedicated to naming conventions for stars, planets, asteroids, and other objects.
    • Research and Collaboration: It promotes international cooperation in astronomical research and supports initiatives such as observational campaigns, data sharing, and joint projects.
    • Education and Outreach: It is actively involved in promoting astronomy education and public outreach efforts worldwide. It supports educational programs, workshops, and resources for students, teachers, and the general public.

    Membership

    1. IAU membership spans 92 countries. Out of those countries, 85 are National Members.
    2. India is represented by the Astronomical Society of India (ASI).
    3. Its members are professional astronomers from all over the world, at the D. level and beyond, who are active in professional research, education, and outreach in astronomy.

    IAU Nomenclature  Criteria

     

    • Rule 4: It emphasizes the international nature of solar system nomenclature and encourages equitable representation of names from diverse ethnic groups, countries, and genders.
    • Rule 9: The IAU adheres to Rule 9, prohibiting names with political, military, or religious connotations, except for historical political figures prior to the 19th century.
    • Rule 11: It emphasizes that names should be unique within the context of celestial nomenclature to prevent confusion.

    About Statio Shiv Shakti’

    • Prime Minister announced the name ‘Shiv Shakti’ for the Chandrayaan-3 landing site in August, 2023, reflecting the significance of Indian mythology and cultural heritage.
    • It is located at the co-ordinates 69.373°S 32.319°E and lies between the lunar craters Manzinus C and Simpelius N.
    • The name ‘Shiv Shakti’ symbolizes the masculine-feminine duality of nature, embodying strength and resolution, with a profound connection to India’s diverse cultural landscape.

    PM previously named the Chandrayaan-2 crash site ‘Tiranga point’, while former President A.P.J. Abdul Kalam suggested ‘Jawahar Point’ for the Chandrayaan-1 impact probe landing site, reflecting a tradition of honoring national figures and symbols.

     

    PYQ:

    2021: Which one of the following is a reason why astronomical distances are measured in light-years?​

    1. Distances among stellar bodies do not change.​
    2. Gravity of stellar bodies does not change.​
    3. Light always travels in straight line.​
    4. Speed of light is always same.​

     

    Practice MCQ:

    Consider the following statements about International Astronomical Union (IAU):

    1. It aims for promoting and safeguarding astronomy in all its aspects through international cooperation.
    2. India is represented by the ISRO in the IAU.

    Which of the given statements are correct?

    1. Only 1
    2. Only 2
    3. Both 1 and 2
    4. Neither 1 nor 2

  • Clinical Trials for MTBVAC Tuberculosis Vaccine in India

    What is the news?

    • Bharat Biotech, in collaboration with Spanish biopharmaceutical company Biofabri, has initiated clinical trials for the Mycobacterium Tuberculosis Vaccine (MTBVAC) in India, marking a significant milestone in TB vaccine development.
    • The only currently available TB vaccine, the Bacillus Calmette-Guérin vaccine (BCG), was developed 100 years ago and is less effective.

    About MTBVAC

    • MTBVAC is a unique TB vaccine based on a genetically modified form of Mycobacterium tuberculosis, containing all antigens present in human-infecting strains, unlike the BCG vaccine.
    • It is developed in the laboratory of the University of Zaragoza with contributions from Dr. Brigitte Gicquel of the Pasteur Institute, Paris.
    • MTBVAC is designed to offer superior and potentially longer-lasting protection compared to the BCG vaccine, particularly for newborns and in preventing TB in adults and adolescents.

    Objectives of Clinical Trials in India

    • Safety and Immunogenicity: The ongoing trials in India aim to evaluate the safety and immunogenicity of MTBVAC, with plans for a pivotal Phase 3 trial in 2025.
    • Population Significance: Studying the vaccine’s efficacy in India, with its high TB burden, is crucial for advancing TB vaccine research and addressing the global TB epidemic.

    What is Tuberculosis?

    • Tuberculosis is an infection caused by Mycobacterium tuberculosis.
    • Robert Koch discovered Mycobacterium tuberculosis which causes TB, and his discovery opened the way towards diagnosing and curing this disease.
    • It can practically affect any organ of the body.
    • The most common ones are lungs, pleura (lining around the lungs), lymph nodes, intestines, spine, and brain.

    Transmission:

    It is an airborne infection that spreads through close contact with the infected, especially in densely populated spaces with poor ventilation.

    Symptoms:

    Common symptoms of active lung TB are cough with sputum and blood at times, chest pains, weakness, weight loss, fever and night sweats.

    Treatment Facilities in India:

    • DOTS (Directly Observed Treatment, Short-Course) regimen: It is the recommended treatment approach for TB by the WHO. Patients receive a combination of four antibiotics: isoniazid, rifampicin, pyrazinamide, and ethambutol. These drugs are usually administered daily for the first two months of treatment, followed by a continuation phase with isoniazid and rifampicin for an additional four to seven months.
    • Nikshay Poshan Yojana (2018): It was launched to support every Tuberculosis (TB) Patient by providing a Direct Benefit Transfer (DBT) of Rs 500 per month for nutritional needs.

    Issues in TB Treatment: Drug Resistance

    Drug resistance emerges when anti-TB medicines are used inappropriately, through incorrect prescription by health care providers, poor quality drugs, and patients stopping treatment prematurely.

    1. Multidrug-resistant tuberculosis (MDR-TB): Itis a form of TB caused by bacteria that do not respond to isoniazid and rifampicin, the 2 most powerful, first-line anti-TB drugs. MDR-TB is treatable and curable by using second-line drugs such as
    2. Extensively drug-resistant TB (XDR-TB): Itis a more serious form of MDR-TB caused by bacteria that do not respond to the most effective second-line anti-TB drugs, often leaving patients without any further treatment options.

     

    PYQ:

    2014: Can overuse and free availability of antibiotics without Doctor’s prescription, be contributors to the emergence of drug-resistant diseases in India? What are the available mechanisms for monitoring and control? Critically discuss the various issues involved.

     

    Practice MCQ:

    With reference to the Tuberculosis (TB), consider the following statements:

    1. TB is an infection caused by Mycobacterium tuberculosis.
    2. It only targets Lungs.
    3. Nikshay Poshan Yojana aims for TB support is essentially a Direct Benefit Transfer (DBT).

    How many of the given statements is/are correct?

    1. One
    2. Two
    3. Three
    4. None

  • [pib] Project ANAGRANINF

    What is the news?

    • The Technology Development Board (TDB) has allocated a grant of ₹75 Lakhs for the project “ANAGRANINF – Development of a Novel Class of Antibiotics against Gram-Negative Bacterial-Infections,” totalling ₹1.5 crores.

    What is Project ANAGRANINF?

    • Project ANAGRANINF is titled “Development of a Novel Class of Antibiotics Against Gram-Negative Bacterial-Infections.”
    • It is a collaborative initiative involving M/s Peptris Technologies Pvt. Ltd. and the Foundation for Neglected Disease Research (FNDR) in India, along with ABAC THERAPEUTICS SL from Spain.
    • The primary objective of the project is-
    1. To develop a novel antibiotic capable of inhibiting the FabI enzyme and
    2. Combating critical gram-negative pathogens.
    • Project ANAGRANINF aims to produce a series of compounds with enhanced efficacy against gram-negative bacterial infections.
    • The project aims to identify a candidate molecule that meets WHO’s innovation criteria, ensuring a new chemical structure, no cross-resistance with existing antibiotic classes, and a novel mechanism of action.

    About the Candidate Molecule ‘MMV1578564’

    The selected hit molecule from the project, MMV1578564, has exhibited promising activity against gram-negative pathogens, providing a foundation for further research and development efforts.

    Back2Basics:

    1. Gram-Negative Bacteria:
      • Gram-negative bacteria have a thin peptidoglycan layer in their cell wall, which is located between the outer and inner membranes.
      • They stain pink or red when subjected to the Gram staining technique.
      • Gram-negative bacteria are generally more resistant to antibiotics due to the presence of an outer membrane that acts as a barrier against certain antibiotics.
      • Examples of gram-negative bacteria include Escherichia coli (E. coli), Salmonella spp., Pseudomonas aeruginosa, and Neisseria gonorrhoeae.
      • They are known to cause infections like pneumonia, bloodstream infections, wound infections, and meningitis in healthcare settings
    2. Gram-Positive Bacteria:
      • Gram-positive bacteria have a thick layer of peptidoglycan in their cell wall, which retains the crystal violet stain used in the Gram staining technique.
      • They appear purple or blue under a microscope after staining.
      • Gram-positive bacteria are generally more susceptible to antibiotics because their thick peptidoglycan layer allows antibiotics to penetrate more easily.
      • Examples of gram-positive bacteria include Staphylococcus aureus, Streptococcus pneumoniae, Bacillus subtilis, and Clostridium difficile.
      • Some examples of diseases caused by Gram-positive bacteria include anthrax, diphtheria, enterococcal infections, erysipelothricosis, and listeriosis.These bacteria can cause a range of infections from food poisoning to serious respiratory diseases and may require specific antibiotics for treatment.

     

    PYQ:

    2021: Consider the following:​

    1. Bacteria​
    2. Fungi​
    3. Virus​

    Which of the above can be cultured in artificial/synthetic medium?​

    1. 1 and 2 only ​
    2. 2 and 3 only​
    3. 1 and 3 only ​
    4. 1, 2 and 3​

     

    Practice MCQ:

    The recently launched Project ‘ANAGRANINF’ deals with:

    1. Agricultural Grant
    2. Artificial Intelligence
    3. Antibiotics Development
    4. None of these

  • ISRO successfully conducts ‘Pushpak’ Reusable Landing Vehicle Landing

    What is the news?

    • The ISRO has conducted the Pushpak Reusable Landing Vehicle (RLV) LEX 02 landing experiment at the Aeronautical Test Range in Chitradurga. It was lifted by an Indian Air Force Chinook helicopter and released from an altitude of 4.5 km.
    • This experiment marks a significant milestone in ISRO’s pursuit of reusable space technology.

    About Pushpak Reusable Landing Vehicle (RLV)

    • The Pushpak RLV is a winged vehicle, equipped with aerodynamic surfaces that enable controlled flight during re-entry into the Earth’s atmosphere.
    • The RLV is designed to autonomously land on a designated runway after completing its mission in space, thereby demonstrating India’s capability in autonomous space vehicle landing.
    • It is equipped with sophisticated navigation, control, and landing gear systems that allow it to autonomously navigate and land on a predefined runway.

    Key Features

    1. The RLV is a space plane with a low lift-to-drag ratio, requiring an approach at high glide angles that necessitates landing at high velocities of 350 km/h.
    2. This design allows it to transport payloads to Low Earth orbits and return to Earth for future use.

    Future Prospects

    • Iterative Testing: ISRO conducts a series of experiments, such as the RLV LEX 02 landing experiment, to test and validate the performance of the RLV in various scenarios.
    • Orbital Re-entry Missions: The successful demonstration of the Pushpak RLV’s capabilities paves the way for future orbital re-entry missions, where reusable vehicles can be deployed for various scientific and commercial purposes.

    PYQ:

    2018: With reference to India’s satellite launch vehicles, consider the following statements:

    1. PSLVs launch the satellites useful for Earth resources monitoring whereas GSLVs are designed mainly to launch communication satellites.
    2. Satellites launched by PSLV appear to remain permanently fixed in the same position in the sky, as viewed from a particular location on Earth.
    3. GSLV Mk III is a four-stage launch l vehicle with the first and third stages l using solid rocket motors; and the second and fourth stages using liquid rocket engines.

    Which of the statements given above is/are correct?

    1. 1 only
    2. 2 and 3
    3. 1 and 2
    4. 3 only

     

    Practice MCQ:

    Consider the following statements about the ‘Pushpak’ Reusable Landing Vehicle (RLV):

    1. It is a winged vehicle.
    2. It can transport payloads to Low Earth orbits and return to Earth with the help of a parachute.

    Which of the given statements are correct?

    1. Only 1
    2. Only 2
    3. Both 1 and 2
    4. Neither 1 nor 2

  • A turf war with the wild

    Why in the news?

    • Instances of human-animal conflict are on the rise in Kerala with the summer heat, scarcity of food, and loss of habitat forcing wild animals to stray into human habitations for sustenance.

    Context-

    • Vulnerability of tribal communities living in such areas. While they have intricate knowledge of the forest and its resources, they lack the protective measures and resources available to more urbanized populations, leaving them more susceptible to the dangers of wildlife encounters.

    Human-animal conflict in Kerala-

    • Surge in Incidents: Kerala has experienced a significant increase in human-animal conflict incidents across its districts, attributed to the state’s significant forest cover and densely populated settlements near wildlife habitats.
    • Human Casualties: Human-wildlife conflicts have resulted in a substantial loss of human lives, with 93 reported deaths in 2023-24. The previous year recorded 98 human casualties.
    • Hotspot District: Wayanad stands out as a hotspot for human-animal conflicts, with 69 reported deaths between 2011 and 2024. Incidents involve encounters with wild elephants and, in one case, a tiger attack.
    • Diverse Wildlife Involved: Human-animal conflicts in Kerala involve various species, including elephants, tigers, leopards, bears, wild gaurs, wild boars, and monkeys. This diversity underscores the complexity of managing conflicts across different ecosystems and habitats.
    • Impact on Livelihoods: The conflicts have severe repercussions on people’s livelihoods, particularly those dependent on agriculture and farming. Attacks by wild animals prevent farmers from cultivating their land, leading to economic hardship and food insecurity.
    • Vulnerable Communities: Vulnerable communities like tribal groups and small-scale farmers are disproportionately affected by human-animal conflicts. Limited resources and infrastructure exacerbate their vulnerability to wildlife attacks, as seen in the case of Abraham Palatt and his family.

    Steps taken by Government to deal these issues – 

    • State-Specific Disaster: The Kerala government declared human-animal conflict as a state-specific disaster in March, becoming the first state to do so. This decision signifies the severity and urgency of addressing the issue.
    • Responsibility Shift: Management of human-animal conflicts now falls under the purview of the Kerala State Disaster Management Authority (KSDMA), with a committee headed by the Chief Minister established for this purpose.
    • Community Involvement: The government plans to involve local communities through neighborhood groups to enhance surveillance on forest fringes. These groups will collaborate with government agencies and elected representatives to disseminate alerts about wildlife presence.
    • Recruitment and Equipment: The government aims to strengthen surveillance by recruiting more forest watchers and establishing rapid response teams equipped with firearms, surveillance devices, drones, tranquilizing guns, and advance warning systems.
    • Inter-State Collaboration: An inter-State coordination committee involving the Forest departments of Karnataka, Kerala, and Tamil Nadu has been formed to address human-wildlife conflicts collectively. This initiative aims to share intelligence and resources to mitigate conflicts, particularly along interstate borders.

    Measures to address human-wildlife conflict-

    • Forest Quality Improvement: Improving the quality of forests through measures such as reducing fragmentation and patchiness can help create healthier ecosystems that support a more balanced coexistence between humans and wildlife.
    • Conservation Mission with Tribal Communities: Involving tribal communities in conservation efforts ensures their participation and traditional knowledge is valued. Collaborative conservation initiatives can promote sustainable practices and protect both biodiversity and livelihoods.
    • Rejuvenation of Natural Forest Streams: Restoring natural water sources in forests is crucial for wildlife habitat and can help mitigate conflicts by providing essential resources within their natural environment.
    • Removal of Invasive Plants and Replanting Indigenous Species: Removing invasive plant species and replanting indigenous ones can restore ecological balance and support native wildlife populations, reducing their reliance on human-impacted areas.
    • Utilization of MGNREGS: Leveraging government schemes like the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to support conservation efforts can provide employment opportunities while simultaneously contributing to environmental restoration projects.
    • Awareness Programs on Responsible Tourism: Educating tourists about responsible behavior around wildlife can minimize human-wildlife conflicts caused by human disturbance. This includes emphasizing the importance of maintaining a safe distance and respecting wildlife habitats.
    • Effective Institutional Framework: Establishing a robust institutional framework at various levels of governance, from local to inter-state, is essential for coordinated action in managing human-wildlife conflicts. This involves collaboration between different government departments, wildlife authorities, and local communities.

    Conclusion-

    Human-wildlife conflicts surge in Kerala, endangering lives and livelihoods. Government initiatives, community involvement, and conservation efforts are crucial for mitigating conflicts and fostering coexistence, ensuring a sustainable future for both humans and wildlife.

  • RBI finalises Omnibus Framework for SROs in regulated entities

    Why in the news? 

    • The Reserve Bank of India (RBI) on Thursday said it had finalised the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities.

    The key features of the Self-Regulatory Organization (SRO)- 

    • Omnibus Framework: The RBI has finalized an omnibus framework for recognizing Self-Regulatory Organizations (SROs) for regulated entities. This framework contains broad parameters such as objectives, responsibilities, eligibility criteria, governance standards, application process, and other basic conditions for granting recognition.
    • Sector-Specific Guidelines: Sector-specific guidelines will be issued separately by the respective departments of the Reserve Bank for each sector where an SRO is intended to be set up. This ensures that the SROs cater to the specific needs and requirements of their respective sectors.
    • Draft Framework and Public Consultation: A draft framework for SROs was issued for public comments, and based on the examination of inputs received, the omnibus framework has been finalized. This indicates a consultative approach in the development of the SRO framework.
    • Credibility and Responsibility: SROs are expected to operate with credibility, objectivity, and responsibility under the oversight of the regulator. They aim to improve regulatory compliance for the healthy and sustainable development of the sectors they cater to.
    • Transparency and Independence: SROs are expected to operate with transparency, professionalism, and independence to foster greater confidence in the integrity of the sector. Compliance with the highest standards of governance is a prerequisite for an effective SRO.

    The significance of Self-Regulatory Organizations (SROs)-

    • Enhanced Regulatory Compliance: SROs establish and enforce industry standards and best practices, leading to improved regulatory compliance among member organizations. By setting clear guidelines and monitoring adherence to them, SROs help regulated entities maintain compliance with relevant laws and regulations.
    • Industry Integrity and Confidence: SROs play a crucial role in maintaining and enhancing industry integrity and public confidence. By promoting transparency, professionalism, and ethical conduct, SROs contribute to building trust among stakeholders, including customers, investors, and regulatory authorities.
    • Tailored Regulation: SROs can develop sector-specific regulations and standards that are tailored to the unique characteristics and challenges of their respective industries. This flexibility allows SROs to address industry-specific issues effectively, leading to more efficient regulation.
    • Effective Self-Regulation: SROs enable industry participants to self-regulate by collaboratively developing and enforcing rules and standards. This approach can often be more responsive and adaptable than traditional government regulation, as SROs can quickly respond to emerging risks and market developments.
    • Reduced Regulatory Burden: SROs can help alleviate the regulatory burden on government agencies by taking on certain regulatory functions. By delegating responsibilities such as rule-making, monitoring, and enforcement to SROs, regulators can focus their resources on overseeing broader market activities and addressing systemic risks.
    • Innovation and Growth: SROs can foster innovation and growth within their industries by creating a supportive regulatory environment. By providing guidance on emerging technologies and business models, SROs can encourage innovation while ensuring that it aligns with regulatory requirements and consumer protection standards.
    • Expertise and Knowledge Sharing: SROs serve as repositories of industry expertise and knowledge, allowing members to benefit from collective insights and experiences. Through networking events, training programs, and knowledge-sharing initiatives, SROs facilitate collaboration and learning among industry participants.

    Conclusion-

    Self-Regulatory Organizations (SROs) enhance compliance, integrity, and tailored regulation. They enable effective self-regulation, reduce regulatory burden, foster innovation, and facilitate expertise sharing, ensuring sustainable industry growth and integrity.

  • Startups ‘reverse flip’: Pine Labs, Zepto, Meesho in queue for India return

    Why in the news?

    • Pine Labs and Zepto are the latest new-age companies looking to move headquarters to India.

    Context-

    There is a significant surge in reverse flipping within India’s startup scene, characterized by a growing trend of startups choosing to relocate their headquarters or establish a presence in the country.

    What is Reverse Flipping ? 

    • Reverse flipping is the process of shifting the domicile of an Indian company back to India after it had moved its headquarters overseas.
    • Indian startups are increasingly choosing to reverse flip back into India, drawn by the country’s favorable economic policies, expanding domestic market, and increasing investor confidence in its startup ecosystem.

    Recent Examples of Reverse-Flipping of Unicorns-

    Several high-profile startups are opting for reverse flipping to India, indicating a trend of relocating their headquarters or establishing a base in the country.

    • Walmart-owned PhonePe: PhonePe, a subsidiary of Walmart, relocated its domicile from Singapore to India. This move was likely motivated by the significant user base and potential for digital payments in the Indian market.
    • Pine Labs, Meesho, and Zepto: These are identified as the latest new-age companies intending to move their headquarters to India. Their decisions suggest confidence in the opportunities and advantages offered by the Indian startup ecosystem.
    • It Solidifies India’s Position as a Startup Hub: The successful execution of reverse flipping by these high-profile startups contributes to solidifying India’s position as a prominent startup hub globally.

    How Reverse-Flipping is done? 

    • Strategic Assessment: The company conducts a strategic assessment of potential target countries, considering factors such as market size, regulatory environment, access to talent, infrastructure, tax policies, and overall business climate.
    • Legal and Regulatory Considerations: The company evaluates the legal and regulatory requirements for establishing a presence in the target country. This may involve understanding company registration procedures, compliance with corporate laws, tax regulations, employment laws, and any other relevant regulations.
    • Corporate Structure: The company determines the appropriate corporate structure for its operations in the target country. This may involve setting up a subsidiary, branch office, or joint venture, depending on the specific needs and objectives of the company.
    • Transfer of Assets and Operations: The company transfers its assets, operations, and intellectual property rights to the new entity in the target country. This may include physical assets such as equipment and inventory, as well as intangible assets such as trademarks, patents, and proprietary technology.
    • Share Swaps or Mergers: In some cases, the company may use share swaps or mergers as a method for executing the reverse flip. This involves exchanging shares with shareholders of a company in the target country or merging with an existing company to establish a presence in that jurisdiction.
    • Compliance and Approval: The company ensures compliance with all legal and regulatory requirements in both the home country and the target country. This may involve obtaining approval from regulatory authorities, such as the National Company Law Tribunal (NCLT) or other relevant government agencies.
    • Operational Transition: Once the reverse flip is completed, the company focuses on transitioning its operations to the new location. This may involve hiring local talent, establishing partnerships with suppliers and vendors, and adapting its business strategy to the local market dynamics

    Startups are opting to reverse flip for several compelling reasons:

    • Access to a Growing Economy: India is currently the world’s fifth-largest economy by GDP and is projected to become the third-largest by 2030. This growth trajectory presents significant opportunities for startups to tap into a dynamic market with increasing urbanization, disposable income, and consumption.
    • Large and Educated Youth Population: India boasts the world’s largest youth population, with approximately 66% of its citizens under the age of 35. This demographic advantage provides a vast pool of skilled and educated talent, making it attractive for startups seeking a workforce with diverse skills and capabilities.
    • Access to Capital Markets: The Indian capital market offers overseas startups access to a large pool of capital. The listing process on Indian stock exchanges is relatively cost-effective compared to many Western exchanges, making it an appealing option for startups with limited resources.
    • Opportunity to Tap into the Consumer Market: With its rapidly growing middle class and increasing disposable income, India presents a lucrative consumer market for startups offering products and services across various sectors.
    • Synergies with Indian Companies: Reverse flipping allows overseas startups to explore synergies with Indian companies, leading to partnerships, joint ventures, and acquisitions. These collaborations help startups expand their reach and operations in India while leveraging the local expertise and market knowledge of Indian companies.

    Potential tax implications in this scenario:

    • Corporate Tax: The company may be subject to corporate tax in the jurisdiction where it is based and operates. If the company chooses to establish its headquarters or base in India through reverse flipping, it would be subject to Indian corporate tax laws.
    • Capital Gains Tax: Any gains realized from the transaction, such as the separation of PhonePe and the return of the holding company to India, could be subject to capital gains tax in the relevant jurisdictions. The quantum of this tax would depend on factors such as the valuation of the company and the applicable tax rates.
    • Transfer Pricing Rules: Transfer pricing rules may apply if there are transactions between related parties as part of the reverse flip process. These rules are designed to ensure that transactions between related entities are conducted at arm’s length, and appropriate taxes are paid on profits generated from such transactions.
    • Indirect Taxes: Depending on the nature of the company’s business and the jurisdictions involved, other indirect taxes such as goods and services tax (GST) may also apply.

    Conclusion-

    Reverse flipping, relocating headquarters to India, gains traction. Driven by favourable market dynamics, talent pool, capital access, and synergies. Potential tax implications include corporate tax, capital gains, transfer pricing, and indirect taxes.

  • Supreme Court forms panel for Great Indian Bustard Conservation

    bustard

    What is the news?

    • The Supreme Court has taken a decisive step by forming an expert committee to address the pressing issue of conserving the endangered Great Indian Bustard.

    About Great Indian Bustard (GIB)

    • GIBs are the largest among the four bustard species found in India, the other three being MacQueen’s bustard, lesser florican, and the Bengal florican.
    • It is state bird of Rajasthan.
    • It is considered the flagship bird species of grassland.
    • Protection Status:
    1. Birdlife International: Uplisted from Endangered to Critically Endangered (2011)
    2. Protection under CITES: Appendix I
    3. IUCN status: Critically Endangered
    4. Protection under Wildlife (Protection) Act, 1972: Schedule I

    Threats to GIBs

    • Overhead power transmission: Due to their poor frontal vision, can’t detect powerlines in time and their weight makes in-flight quick maneuvers difficult.
    • Windmills: Coincidentally, Kutch and Thar desert are the places that have witnessed the creation of huge renewable energy infrastructure.
    • Noise pollution: Noise affects the mating and courtship practices of the GIB.
    • Changes in the landscape: by way of farmers cultivating their land, which otherwise used to remain fallow due to frequent droughts in Kutch.
    • Cultivation changes: Cultivation of cotton and wheat instead of pulses and fodder are also cited as reasons for falling GIB numbers.

    PYQ:

    2014: Consider the following pairs:

    Protected Area: Well-known for

    1. Bhitarkanika, Odisha — Salt Water Crocodile
    2. Desert National Park, Rajasthan — Great Indian Bustard
    3. Eravikulam, Kerala — Hoolock Gibbon

    Which of the pairs given above is/are correctly matched?

    1. 1 only
    2. 1 and 2
    3. 2 only
    4. 1, 2 and 3

     

    Practice MCQ:

    With reference to the Great Indian Bustard (GIB), consider the following statements:

    1. It is the largest among the bustard species found in India.
    2. It is state bird of Rajasthan as well as Gujarat.
    3. It is considered the flagship bird species of deserts.

    How many of the given statements is/are correct?

    1. One
    2. Two
    3. Three
    4. None
  • [22 March 2024] The Hindu Op-ed: New capabilities: India and the Agni-V with MIRV

    [22 March 2024] The Hindu Op-ed: New capabilities: India and the Agni-V with MIRV

    PYQ Relevance:

    Mains:Q) Elucidate the relationship between globalization and new technology in a world of scarce resources, with special reference to India. (2022)

    Prelims:Which reference to Agni-IV Missile, which of the following statements is/are correct? (2015)

    (1) It is a surface-to-surface missile.

    (2) It is fuelled by liquid propellant only.

    (3) It can deliver one-tonne nuclear warheads about 7500 km away.

    Select the correct answer using the code given below.

    (a)1 only (b)2 and 3 only (c)1 and 3 only (d)1, 2 and 3

    Note4Students: 

    Prelims: Agni-V;

    Mains: Defence and Security; India’s Development in Science and Technology;

    Mentor comments: Dr. Kalam was instrumental in the development of indigenous radar systems and led the development of key missiles like Agni, Prithvi, Akash, and Trishul. Agni missiles, developed by the DRDO, have been integral to India’s defense arsenal since the early 1990s. The latest variant of Agni-V incorporates Multiple Independently Targetable Re-entry Vehicle (MIRV) technology, a sophisticated capability possessed by only a handful of countries globally. Interestingly, MIRV technology enables a single missile to target multiple locations primarily aimed at countering threats from China.

    Let’s learn.

    —

    Why in the News?

    On March 11, Prime Minister Narendra Modi used social media to announce India’s entry into a small club of countries capable of delivering multiple nuclear warheads on a single missile.

    Context:

    • This was accomplished with the maiden flight test of Agni-V, India’s longest-range ballistic missile with a range of over 5,000 kilometers.
    • It enhances its capability with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology under ‘Mission Divyastra’ by the Defence Research and Development Organisation (DRDO).
    Image2

    Features of Mission Divyastra:

    • Indigenous Technology: The MIRV system incorporates indigenous avionics systems and high-accuracy sensor packages to ensure precise targeting of re-entry vehicles.Range and Technology: Agni-V has a range of over 5,000 kilometers and features multiple independently targetable re-entry vehicle (MIRV) technology.Maiden Flight Test: DRDO conducted the maiden flight test of Agni-V, India’s longest-range ballistic missile, as part of ‘Mission Divyastra.’Development of canisterization: Since its first test in April 2012, Agni-V has undergone several developments, including canisterization for improved handling and operation.

    Significance for India:

    • Economic Perspective: The pursuit of advanced missile technologies, including MIRV capability, represents a significant investment in defense research and development. While it enhances India’s security, it also entails substantial financial costs and resource allocation, which must be managed effectively.
    • National Perspective:
      • Strategic Autonomy: By advancing its indigenous missile technology, including MIRV capability, India reduces its dependence on external suppliers for critical defense requirements.
      • No-First-Use Policy: India’s nuclear doctrine, based on a no-first-use policy, emphasizes credible minimum deterrence and massive retaliation in case of a second strike. MIRV-equipped missiles contribute to the credibility of India’s nuclear deterrence.
    • Asian Perspective:
      • Regional Security Dynamics: The deployment of MIRV-equipped missiles by India could potentially influence the strategic calculus of neighboring countries, particularly Pakistan, and contribute to stability or escalation depending on how it is perceived and managed.
      • China Factor: The choice of MIRV technology on Agni-V underscores India’s strategic focus on China, given the missile’s range and capability to overcome missile defenses. It serves as a deterrent against potential aggression from China and reinforces India’s strategic posture in the region.
    • Global Perspective:
      • Non-proliferation Norms: India’s successful development and deployment of MIRV technology on Agni-V enhance its standing as a responsible nuclear-armed state capable of safeguarding its security interests.
      • Completion of Nuclear Triad: India achieved the nuclear triad with the deployment of INS Arihant, its first nuclear-powered ballistic missile submarine, in 2018. The addition of MIRV technology to Agni-V further enhances India’s nuclear triad capabilities, providing diversified and robust nuclear deterrence.

    Conclusion: India’s entry into the MIRV club through the successful test of Agni-V under ‘Mission Divyastra’ marks a significant milestone, enhancing its nuclear deterrence capabilities and showcasing indigenous technological prowess on the global stage.

    Source- https://www.thehindu.com/opinion/editorial/new-capabilities-india-and-the-agni-v-with-mirv/article67976702.ece

    https://timesofindia.indiatimes.com/india/remembering-indias-missile-man-apj-abdul-kalam-his-10-big-achievements/articleshow/94865613.cms

  • Navigating the global Waterscape, its challenges

    Why in the news? 

    Today, March 22, 2024, is the 31st World Water Day, with the theme, “Leveraging water for peace”

    Context-

    • In the context of climate change-related pressures, the world also needs to foster improved cooperation over water-sharing
    • The global challenge for securing access to clean water persists for about two billion people and its demand keeps rising. Beyond threatening our basic human needs, this scarcity also risks our collective prosperity and peace.

    Water diplomacy in a time of extremities-

    • Climate Crisis Impact: Meteorological extremities like heat waves and floods exacerbate concerns about the climate crisis. In India, erratic monsoons affect agriculture, crucial for the $3 trillion economy.
    • Need for Improved Cooperation: Amid climate change pressures, fostering cooperation over water-sharing and embracing universal principles of International Water Law is imperative.
    • Water Diplomacy: Effective governance of shared waters and sustainable water use are essential for better water diplomacy, promoting peace and stability regionally and internationally.
    • Collaborative Governance: Collaborative governance ensures equitable water allocation among nations, fostering regional stability and peace.
    • Inclusive Approaches: Water diplomacy should include indigenous and local communities’ cross-border networks and involve civil society and academic networks to prevent, mitigate, and resolve water-related disputes.
    • Water Quality Data Shortage: There’s a general shortage of water quality data globally, with a significant urban-rural divide, highlighting the need for better access to basic drinking water services, particularly in rural areas.

    Addressing rural India’s needs-

    70% of India’s rural population relies on water for household activities, with agriculture being the primary livelihood source. Globally, agriculture accounts for 70% of freshwater use.

    • Water Accessibility: Improved water accessibility in rural areas can lead to positive outcomes in health, education, employment, and basic human needs and dignity.
    • Water Investments: Increased water investments in rural areas can yield positive outcomes across various sectors, benefiting communities in multiple ways.
    • AI Technology in Agriculture: The efficient use of emerging artificial intelligence (AI) technology in agriculture can aid in water conservation efforts. AI can help tackle crop and food loss, minimize chemical and fertilizer usage, and optimize water usage for sustainable and productive outputs.

    The issue of transboundary waters

    • Water Pollution: Transboundary rivers like the Meghna, Brahmaputra, Ganga, and Indus are experiencing worsening water pollution, posing significant environmental and health risks to communities relying on these water sources.
    • Lack of Governance: There is a need for sophisticated cross-border water governance to address issues related to equitable water allocation, pollution control, and sustainable management of shared water resources among neighboring countries.
    • Cooperation Challenges: Despite the importance of transboundary water cooperation, many countries face challenges in reaching agreements and implementing effective mechanisms for managing shared water resources. Disputes over water usage, infrastructure development, and environmental impacts hinder cooperation efforts.
    • Sustainable Development Goals (SDGs): Transboundary water management is crucial for achieving the SDGs, particularly Goal 6 (Clean Water and Sanitation). However, inadequate cooperation and governance frameworks pose obstacles to fulfilling SDG targets related to water security, environmental sustainability, and poverty alleviation.
    • Peace and Security: Scarcity of freshwater in transboundary river basins can exacerbate tensions and conflicts among riparian states. Effective management and cooperation on shared water resources are essential for promoting regional stability and preventing water-related conflicts.
    • Ecosystem Services: Transboundary rivers support diverse ecosystems and provide essential ecosystem services such as water purification, habitat for biodiversity, and regulation of water flow. Pollution and overexploitation of these waters threaten the integrity of ecosystems and the services they provide.
    • Climate Change Impacts: Climate change exacerbates challenges related to transboundary water management by altering precipitation patterns, increasing the frequency and intensity of extreme weather events, and affecting water availability and quality. Adaptation and resilience-building measures are needed to address climate-related risks in transboundary river basins.

    Suggestive Measures to Resolve Transboundary Water Issues:

    • Strengthen Governance Structures: Establish comprehensive cross-border water governance frameworks, including bilateral or multilateral agreements, to facilitate equitable water allocation, pollution control, and sustainable management of shared water resources.
    • Enhance Cooperation Mechanisms: Foster dialogue and collaboration among riparian states through platforms such as joint commissions, river basin organizations, and diplomatic negotiations to address disputes and promote mutual understanding of water management challenges.
    • Implement Integrated Water Resource Management (IWRM): Adopt IWRM approaches that consider social, economic, and environmental factors to promote sustainable development and ensure the efficient use of transboundary water resources while minimizing negative impacts on ecosystems and communities.
    • Enhance Monitoring and Data Sharing: Improve monitoring systems and data-sharing mechanisms to assess water quality, quantity, and usage trends in transboundary river basins. Enhanced transparency and information exchange can facilitate informed decision-making and cooperation among riparian states.
    • Promote Community Engagement: Involve local communities, indigenous groups, and civil society organizations in decision-making processes related to transboundary water management. Empowering stakeholders at the grassroots level can enhance accountability, foster cooperation, and promote sustainable practices.
    • Strengthen Legal Frameworks: Develop and enforce robust legal frameworks at national and international levels to regulate transboundary water resources effectively. Clear and enforceable laws can provide a basis for resolving disputes and ensuring compliance with agreed-upon water management principles.
    • Build Climate Resilience: Implement adaptation measures to address climate change impacts on transboundary water resources, such as enhancing water storage infrastructure, promoting water-efficient technologies, and integrating climate resilience into water management strategies.

    Conclusion-

    Navigating the global waterscape’s challenges requires robust governance, enhanced cooperation, and sustainable practices. By addressing transboundary water issues collectively, we can promote peace, ensure water security, and achieve sustainable development goals.

    Mains PYQ-

    Q- The interlinking of rivers can provide viable solutions to the multi-dimensional inter-related problems of droughts, floods, and interrupted navigation. Critically examine. (UPSC IAS/2020)