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GS Paper: GS3

  • What is Patent Evergreening?

    patent

    Central idea: Patent Evergreening

    • Indian Patent Office rejects Johnson & Johnson’s attempt to extend monopoly on manufacturing Bedaquiline in India beyond July 2023.
    • This is a victory for patients fighting for wider access to crucial anti-tuberculosis drug Bedaquiline.
    • Expired primary patents pave the way for generic drug manufacturers to produce Bedaquiline, thus ensuring cheaper and wider access to the drug.

    Significance of the move

    • The drug has been shown to have a high success rate in treating MDR-TB, and is considered to be a significant breakthrough in the fight against this disease.
    • However, the high cost of the drug has made it difficult for many patients to access it, particularly in developing countries.

    What is Bedaquiline?

    • Bedaquiline is a drug that is primarily used in the treatment of multidrug-resistant tuberculosis (MDR-TB).
    • MDR-TB is a serious public health threat, particularly in countries with high TB burdens, as treatment options for this condition are limited and often ineffective.
    • It was developed by Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson. Bedaquiline.
    • It is an antibiotic that works by inhibiting ATP synthase, which is a key enzyme involved in the energy production of TB bacteria.
    • Bedaquiline is typically administered in combination with other drugs for a period of six months.

     

    Implications

    • India and the US has often been at the crossheads due to Section 3(d) of Patents Act that allows for “generic competition by patenting only novel and genuine inventions.”
    • US always accuses India as one of the most challenging major economies as far as IP protection and enforcement is concerned.

    Indian Patent Regime: A Backgrounder

    • Indian patents are governed by the Indian Patent Act of 1970.
    • India has gradually aligned itself with international regimes pertaining to intellectual property rights.
    • It became a party to the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement following its membership to the World Trade Organisation on January 1, 1995.
    • The interesting point is that the original Indian Patents Act did not grant patent protection to pharmaceutical products to ensure that medicines were available at a low price.
    • Patent protection of pharmaceuticals was re-introduced after the 2005 amendment to comply with TRIPS.

    What is Patents Evergreening?

    • One of the main points of contention between India and the US has been Article 3(d) of the Indian Patent Act.
    • Section 3 deals with what does not qualifyas an invention under the Act, and Section 3(d) in particular excludes the mere discovery of a new form of a known substance.
    • Section 3(d) prevents the mere discovery of any new property or new use for a known substance from being patented as an invention unless it enhances the efficacy of the substance repetitive.
    • This prevents, what is known as “Evergreening” of patents.
    • According to the Committee’s report, Section 3(d) allows for “generic competition by patenting only novel and genuine inventions.”

    Conclusion

    • The gravity of public health problems affecting developing and least developed nations must be recognized by developed nations such as the US.
    • Though intellectual property protection is important for the development of new medicines but the right to protect public health and, in particular, to promote access to medicines for all is far more important.
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  • Explained: Interest Rate Risks

    interest

    Central idea: Finance Minister urged banks to remain vigilant about “interest rate risks” and undertake regular stress tests during a review of public sector banks’ (PSBs) performance on March 25.

    Why in news?

    • Inflation-led rising interest rates across the world have caused concerns of contagion effects from banking crises in the US and Europe.

    What is Interest Rate Risk?

    • Interest rate risk refers to the possibility that a loss could happen as a result of a fluctuation in interest rates.
    • A bond’s or another fixed-income security’s value will decrease if the rate rises.
    • Interest rate movement typically has an inverse relationship with the market value of fixed-income assets.
    • In general, the values of currently issued fixed income instruments decrease when interest rates rise and rise when interest rates decrease.

    How does it affect banks?

    Interest rate risk affects banks in several ways-

    1. Interest yields: Banks earn interest income by lending out funds to borrowers at a higher rate than the cost of borrowing those funds. When interest rates rise, the cost of borrowing funds for banks increases, thereby decreasing their net interest margins (NIMs) and profitability.
    2. Bond yield: Banks also hold a large amount of fixed-income securities in their portfolios, such as government bonds, corporate bonds, and mortgage-backed securities. These securities generate a fixed interest income, which can be affected by changes in interest rates. When interest rates rise, the value of fixed-income securities held by banks decreases, leading to a potential loss in the value of their investment portfolio.
    3. Liabilities burden: Banks’ liabilities, such as deposits, often have short maturities, while their assets, such as loans, have longer maturities. When interest rates rise, the cost of funding short-term liabilities increases, while the interest earned on longer-term assets remains fixed. This can negatively impact banks’ profitability and cash flows.

    Why do banks resort to interest rate increases?

    Banks resort to interest rate increases for several reasons-

    • Combat inflation: When the economy experiences a rapid increase in prices, the central bank may raise interest rates to discourage borrowing and spending, thereby cooling down the economy and reducing inflationary pressures.
    • Attract deposits: Banks may raise interest rates to attract more deposits from savers, which in turn allows them to lend more money and earn more profits.
    • Protection against risks: banks may also raise interest rates in response to changes in the global financial market or to protect their own financial stability in the face of potential risks or shocks.

     

    Try this MCQ:

    Which of the following best describes interest rate risk in banking?

    (a) The potential loss of income due to changes in interest rates

    (b) The risk that borrowers will default on their loans due to high-interest rates

    (c) The risk that banks will become insolvent due to low-interest rates

    (d) The potential loss of value of a bank’s assets due to changes in interest rates

     

    [wpdiscuz-feedback id=”u0oxokcx1k” question=”Please leave a feedback on this” opened=”1″]Post your answers here.[/wpdiscuz-feedback]

     

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  • Membership of a banned outfit is a crime under UAPA: SC

    uapa

    The Supreme Court has overturned its previous judgments and ruled that a person who “is or continues to be” even a “mere member” of a banned organisation is liable to be found criminally liable under the Unlawful Activities Prevention Act (UAPA) for acting against the sovereignty and integrity of India.

    Why in news?

    • The Supreme Court’s earlier ruling maintained the restraints stitched into Article 19(4) on the right of citizens to form associations and unions.

    What has changed with this judgment?

    • Possession of literature or expression of sympathy to the cause without any real involvement in the crime can be counted as evidence of “membership” if the threshold is lower and does not require actual involvement.

    What is Unlawful (Activities) Prevention Act (UAPA)?

    • The UAPA is aimed at effective prevention of unlawful activities associations in India.
    • Its main objective was to make powers available for dealing with activities directed against the integrity and sovereignty of India
    • It is an upgrade on the Terrorist and Disruptive Activities (Prevention) Act TADA, which was allowed to lapse in 1995 and the Prevention of Terrorism Act (POTA) was repealed in 2004.
    • It was originally passed in 1967 under the then Congress government led by former Prime Minister Indira Gandhi.
    • Till 2004, “unlawful” activities referred to actions related to secession and cession of territory. Following the 2004 amendment, “terrorist act” was added to the list of offences.

    What are Unlawful Activities and Associations?

    • The UAPA lays down the definitions and rules for designating an organisation as an “unlawful association” if it is engaged in certain types of activities.
    • Under Section 3 of the UAPA Act, the government has powers to declare an association “unlawful”.
    • The government can then issue a notification designating such an organisation as a terrorist organisation, if it believes that the organisation is part of “terrorist activities.”

    (1) Unlawful Activites

    • Under section 2(o) of the UAPA, an unlawful activity in relation to an individual or association means – Any action taken by such an individual or association (whether by committing an act or by words, either spoken or written, or by signs or by visible representation or otherwise), –
    1. Works for the Cession of a part of the territory of India or the secession of a part of the territory of India from the Union
    2. Disclaims, questions, disrupts or is intended to Disrupt the sovereignty and territorial integrity of India; or
    3. which causes or is intended to cause Disaffection against India;
    • Related and ancillary acts, including financing, support or promotion of any such activities are also “unlawful activity”.

    (2) Unlawful Association

    The UAPA also defines an “Unlawful Association” under section 2(p) as meaning any association,–

    1. which has for its object any unlawful activity, or which encourages or aids persons to undertake any unlawful activity, or of which the members undertake such activity or
    2. which encourages or aids persons to undertake any such activity, or of which the members undertake any such activity

    Cases registered under UAPA

    • During 2015 to 2020, 5,924 cases were registered and 8,371 persons arrested.
    • The National Investigation Agency, on its website, had listed 456 cases of which 78% involved UAPA charges.

    Why UAPA is often criticized?

    • Draconian: The provision of extended detention without trial, lack of transparency in the process, and limited scope for judicial intervention have also been criticized.
    • Community targeting: The law has been used to suppress dissent, target minorities, and stifle freedom of speech and expression.
    • Vague definitions: Critics argue that the broad definition of “unlawful activities” in the law is vague and can be used to target anyone who opposes the government or its policies.

    Reported abuse of UAPA

    • The PUCL report studied data from the National Crime Records Bureau (NCRB) from 2015 to 2020.
    • It has found per-case conviction rate under the UAPA was 27.57% compared with 49.67% in Indian Penal Code (IPC) cases.
    • The per-arrestee conviction rate was just 2.8% against 22.19% in IPC cases.
    • This is far less to figure of the success of having UAPA.

    Issues with UAPA

    • Burden of proof:With such high barriers of proof, it is now impossible for an accused to obtain bail, and is in fact a convenient tool to put a person behind bars indefinitely.
    • No interim bail:As a consequence of UAPA being applied, the accused cannot even get bail.
    • Traitor branding:This is being abused by the government, police and prosecution liberally: now, all dissenters are routinely implicated under charges of sedition or criminal conspiracy and under the UAPA.
    • Fake and framed cases:In multiple instances, evidence is untenable, sometimes even arguably planted, and generally weak overall.

    Impact of the recent ruling

    • The ruling is expected to have significant implications for individuals associated with banned organisations in India.
    • It is likely that there will be more cases of individuals being charged for their membership of a banned organisation.
    • While the court clarified that persons who had left the organisation and were not members at the time it was declared unlawful, cannot be held liable under Section 10(a)(i) of the UAPA/

    Conclusion

    • This judgment is a significant step towards preventing unlawful activities and protecting the sovereignty and integrity of India.
    • While the ruling has been praised by the government, civil rights advocates have raised concerns about the implications of this judgment on fundamental rights.
    • It remains to be seen how this ruling will be applied and enforced in practice.

     

     

     

  • In news: Liberalised Remittance Scheme (LRS)

    Central idea: The Reserve Bank of India (RBI) is being asked to monitor card spend under the Liberalised Remittance Scheme (LRS).

    Liberalised Remittance Scheme (LRS)

    • LRS is a facility provided by the Reserve Bank of India (RBI) to resident individuals to remit funds abroad for permitted current or capital account transactions or a combination of both.
    • The scheme was introduced in 2004 and has been periodically reviewed and revised by the RBI.
    • Under the scheme, resident individuals can remit up to a certain amount in a financial year for permissible transactions including education, travel, medical treatment, gifts, and investments in equity and debt securities, among others.
    • The limit for LRS is currently set at USD 250,000 per financial year.

    Eligibility for LRS

    • LRS is open to everyone including non-residents, NRIs, persons of Indian origin (PIOs), foreign citizens with PIO status and foreign nationals of Indian origin.
    • The Scheme is NOT available to corporations, partnership firms, Hindu Undivided Family (HUF), Trusts etc.

    Benefits provided by LRS

    • LRS is an easy process that anyone can use to transfer money between two countries.
    • It’s especially useful for businesses because they can use it to transfer funds to India, and investors can receive their investments back home.
    • LRS also has some added benefits, like fast transfer timing and no issues with exchange rates.

     

     

  • [pib] Exercise Konkan, 2023

    Ex Konkan, the annual bilateral maritime exercise between the Indian Navy and the Royal Navy, was recently held off the Konkan coast in the Arabian Sea.

    Exercise Konkan 2023

    • Konkan exercise is the annual bilateral maritime exercise between the Indian Navy and the UK’s Royal Navy.
    • INS Trishul, a guided missile frigate, and HMS Lancaster, a Type 23 guided missile frigate, participated in this edition.
    • They undertook multiple maritime drills to enhance interoperability between the two forces and imbibe best practices.
    • The exercises covered all domains of maritime operations, air, surface, and sub-surface.
    • It included gunnery shoots on the surface inflatable target ‘Killer Tomato’, helicopter operations, anti-air, and anti-submarine warfare drills, Visit Board Search and Seizure (VBSS), ship maneuvers, and exchange of personnel.
    • The exercise will help the Indian Navy and Royal Navy work together to improve maritime security and maintain a rules-based order in the region.

     

     

     

  • India’s Water Vision: Roadmap for a Sustainable Future

    Central Idea

    • India’s Water Vision addresses key water-related challenges, highlights ongoing interventions, and offers recommendations for ensuring sustainability and serving as a model for other countries to achieve clean water and sanitation for all.

    India’s Water vision

    • India’s Water Vision is a government initiative aimed at providing clean and safe water to all citizens of India.
    • It was launched in 2019 and aims to provide water security, improve water use efficiency, and increase the use of recycled water.
    • The initiative also focuses on conservation of water resources and promoting sustainable water practices.
    • It is a plan announced as part of the Prime Minister’s Vision India @ 2047 initiative.

    The Importance of India’s Water Vision

    • Climate change: India’s Water Vision comes at a critical time when the IPCC’s Sixth Assessment Report confirms the adverse impacts of human-caused climate change on water availability and security, and the UN 2023 Water Conference takes place after a 46-year gap.
    • G20 presidency: India’s G20 presidency can set an example for other countries to prioritize water action, leading to a global water action agenda with clear commitments and pledges to accelerate progress towards achieving Sustainable Development Goal 6 by 2030.

    Challenges and Interventions in India’s Water Sector

    • Jal Jeevan Mission: The Jal Jeevan Mission has increased tap connections in rural households, but there is a need to ensure reliability and quality of water supply through investments in source sustainability and water quality surveillance for improved social, economic, and public health outcomes.
    • Groundwater regulation: Strengthen groundwater governance by making substantial progress in decision-making through groundwater atlas, aquifer mapping, and extensive monitoring. Encourage states like Rajasthan and Punjab to pass bills and fully implement the central government’s model law for regulating groundwater.
    • Namami Gange Programme and Atal Mission for Rejuvenation: Focus on pollution abatement and river rejuvenation by improving wastewater management through initiatives like Namami Gange Programme and Atal Mission for Rejuvenation and Urban Transformation. Realize the potential of treated wastewater for irrigation by strengthening treatment infrastructure and pricing freshwater adequately.
    • Per Drop More Crop initiative: Improve water use efficiency in irrigated agriculture by promoting micro-irrigation systems such as drip and sprinkler technologies through the Per Drop More Crop initiative. Scale up water-saving technologies through targeted subsidies for small and marginal farmers.
    • Atal Bhujal Mission: Engage local communities in water management through programs like Atal Bhujal Mission, which aims to improve groundwater management in water-stressed blocks by involving communities in the preparation of water security plans, ensuring climate resilience.

    Recommendations for Ensuring Sustainability of Water Actions

    • Ensure sustainable source: Ensure access to safely managed domestic water services by focusing on source sustainability and water quality surveillance, leading to positive social, economic, and public health outcomes.
    • Prompt groundwater regulation: Encourage all states to fully implement groundwater regulation laws and take prompt action to address groundwater overexploitation, especially in major groundwater-consuming states.
    • Improve wastewater treatment: Strengthen wastewater treatment infrastructure to treat a larger proportion of municipal sewage and ensure that freshwater is adequately priced to promote safe reuse of treated water for irrigation.
    • Efficient water use practice: Scale up water-saving technologies in agriculture by providing targeted subsidies to small and marginal farmers, facilitating the adoption of water-efficient practices and potentially saving 20% of currently used irrigation water by 2050.
    • Improving community engagement: Support ongoing community engagement in water management by ensuring the development and implementation of annual water security plans, taking corrective action when necessary to ensure water security in vulnerable regions.

    Facts for prelims

    Initiative Objective
    Jal Jeevan Mission (JJM) Ensure piped water supply to every household in the country by 2024
    Atal Bhujal Yojana (ABY) Improve groundwater management in the country
    Pradhan Mantri Krishi Sinchai Yojana (PMKSY)              Provide irrigation facilities to all agricultural lands in the country
    National Water Informatics Centre (NWIC) Collect, collate, and disseminate water-related data from various sources
    National Hydrology Project (NHP) Improve the country’s hydrological data management system
    Jal Shakti Abhiyan (JSA) Create awareness about water conservation and promote the judicious use of water

    Conclusion

    • India’s Water Vision offers a comprehensive roadmap for addressing water-related challenges and achieving clean water and sanitation for all. By sharing its successes, discussing the sustainability of its initiatives, and offering support to other countries, India can leverage its G20 presidency to accelerate progress toward Sustainable Development Goal 6 and serve as a model for global water action.

     

     

  • India’s Push for Semiconductors

    semiconductor

    Central idea

    • The Indian government has given ₹1,645 crore in PLI incentives to electronics manufacturers to bring more of the supply chain to India.
    • There is a growing need for semiconductors as they are used in almost all modern electronics.
    • Many countries are moving away from China’s dominance in the sector due to supply chain vulnerabilities and geopolitical pressures.

    Semiconductor manufacturing in India

    • Invest India agency estimates electronics manufacturing to be worth $300 billion by 2025-26.
    • While finished product facilities have been growing, fabs for chipsets and displays are rarer.
    • Ministry of Electronics and Information Technology is set to announce the first semiconductor manufacturing fab soon.
    • Semiconductor Industry Association (SIA) suggests India to leverage its strength in the electronics manufacturing value chain.
    • Foundry companies require high investments while OSAT generate better margins.
    • Outsourced Semiconductor Assembly and Test (OSAT) set-ups take care of less capital-intensive parts of chipmaking and run specialized tests.
    • Many chip facilities tend to be captive units of large companies.

    Importance of semiconductor manufacturing

    • Semiconductor fabrication units turn raw elements like silicon into integrated circuits used in practically all electronic hardware.
    • Fabs are highly capital-intensive undertakings costing billions of dollars for large facilities.
    • Fabs require a highly reliable and high-quality supply of water, electricity, and insulation from the elements, reflecting the high degree of precision, cost, and capital needed to make sophisticated circuits.
    • Countries have spotted strategic value in cornering segments of the value chain for fabs.
    • China has pulled ahead of Taiwan last year in terms of global sales from fabs.
    • The US passed the CHIPS Act to provide subsidies and investments to manufacturers opening fabs and making semiconductors in the US.
    • US also pushed some restrictions and sanctions on the Chinese semiconductor industry.

    India’s advantages in semiconductor manufacturing

    • India has an advantage in semiconductor manufacturing as a large portion of semiconductor design engineers globally are either Indian or Indian-origin.
    • Chipmaking firms such as Intel and NVIDIA have large facilities in India that are already flush with Indian talent working on design problems.
    • China is losing control over this advantage in the face of sanctions and an ageing population.
    • Experts believes that without a sustainable pipeline of high calibre talent, China’s goals for the semiconductor sector will not be achievable.

    Various challenges

    • Huge Investments involved: Semiconductor Fabrication facility requires many expensive devices to function. Complex tools and equipment are required to test quality and move silicon from location to location within the ultra-clean confines of the plant.
    • Economy of scale:  In semiconductor fabrication, a high volume of production is required to be maintain so as to meet the increasing demand of the marketplace, at the same time, a strong financial backing as Indian market is very much uncertain about financial fluctuations.
    • Requirement highly skilled labour: Semiconductor fabrication is a multiple-step sequence of photolithographic and chemical processing steps during which electronic circuits are gradually created on a wafer made of pure semiconducting material. This actually requires high skills.
    • Scarcity of raw materials: From a value-chain perspective, it needs silicon, Germanium & Gallium arsenide and Silicon carbide which are not available in India and needs to be imported.
    • Uncertain Indian market: A semiconductor fabrication facility in India cannot independently rely on Indian customers for their entire sales structure. They have to maintain overseas customer base to balance inflections from Indian market due to market trends, government policies etc.
    • Disposal of hazardous waste: Many toxic materials are used in the fabrication process such as arsenic, antimony, and phosphorus. Hazardous impact on the environment by the industry may act as an impediment to India’s commitment to mitigate climate change.

    Policy initiatives in India

    • Make in India:This aims to transform India into a global hub for Electronic System Design and Manufacturing (ESDM).
    • PLI scheme:In December 2021 the Centre sanctioned ₹76,000 crore under the production-linked incentive (PLI) scheme to encourage the manufacturing of various semiconductor goods within India.
    • DLI scheme:It offers financial incentives, design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design.
    • Digital RISC-V (DIR-V) program: It intends to enable the production of microprocessors in India in the upcoming days achieving industry-grade silicon and design wins by December 2023.
    • India Semiconductor Mission (ISM):The vision is to build a vibrant semiconductor and display design and innovation ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design

    Way forward

    To ensure greater resilience in a volatile world, India needs to undertake the following measures to sustain the domestic and global semiconductor demand:

    • Policy framework: As foundry setup is highly Capital intensive, it must be supported with a solid long term plan and financial backing. This backing is required from the entrepreneur & the government both.
    • Fiscal sustenance: In text of Indian Government as tax holiday, subsidy, zero duty, financial investment etc. will play an important role in promoting the Fab along with the semiconductor industry in India; this will put further pressure on already large Fiscal Deficit.
    • Support Infrastructure: World class, sustainable infrastructure, as required by a modern Fab be provided, with swift transportation, large quantity of pure water, uninterrupted electricity, communication, pollutant free environment etc.

    Conclusion

    • India’s electronic manufacturing incentive programs are geared towards breaking new ground in ambitious plans connected to popular brands such as Apple.
    • The Indian government is working to create an ecosystem that will facilitate sustainable growth and fiscal feasibility in the semiconductor industry.
    • The electronics value chain must be an international undertaking among like-minded nations with common values to be effective.

     

  • India’s disputed Compensatory Afforestation (CAMPA) Policy at odds with new IPCC report

     

    Central idea

    • The Intergovernmental Panel on Climate Change (IPCC) released its Synthesis Report, where the IPCC notes the significance of preserving natural ecosystems to mitigate climate change.
    • The report has raised concerns about the ongoing policy of afforestation in India that allows forests to be cut down and replaced elsewhere.

    Afforestation in India

    • Afforestation has become an increasingly contested policy in India.
    • The government has pledged to add “an additional (cumulative) carbon sink of 2.5-3 GtCO2e through additional forest and tree cover by 2030”.

    Why is CAMPA invoked in the IPCC report?

    • India’s Compensatory Afforestation Fund Management and Planning Authority (CAMPA) has been accused of facilitating the destruction of natural ecosystems in exchange for forests to be set up elsewhere.

    What is CAMPA?

    • CAMPA is a body established by the Indian government in 2002 on the orders of the Supreme Court.
    • The purpose of CAMPA is to promote afforestation and regeneration activities as a way of compensating for forest land that has been diverted to non-forest uses, such as for dams, mines, and other development projects.
    • The Forest (Conservation) Act of 1980 requires project proponents to identify land elsewhere for afforestation and pay for the afforestation exercise.
    • The money paid by project proponents is deposited in a fund overseen by CAMPA.

    Controversies surrounding CAMPA

    • Unutilised fund: The money paid to CAMPA sits in a fund, but most of the fund remained unspent until 2013, leading to criticism of facilitating the destruction of natural ecosystems. In 2006-2012, the fund grew from Rs 1,200 crore to Rs 23,600 crore.
    • Threatening endangered landscape: CAMPA also came under fire for funding projects that endangered landscape connectivity and biodiversity corridors.
    • Unsustainability of artificial plantation: CAMPA has been accused for planting non-native species or artificial plantations that don’t compensate for the ecosystem loss.

    Why is forestation under CAMPA unsustainable?

    • Natural ecosystems sequester more carbon: This report highlights the importance of preserving natural ecosystems and reducing the conversion of natural ecosystems to mitigate climate change.
    • Renewable energy installation is more sustainable: The IPCC report also found that solar power has more mitigating potential than reducing the conversion of natural ecosystems, and wind power was the third highest.

    Conclusion

    • Preserving natural ecosystems should be recognized as an essential means to mitigate climate change, and environment impact assessments should include climate costs.
    • Policies such as afforestation, ecosystem restoration, and renewable energy must be carefully evaluated to reduce the impact of the climate crisis.

     

  • Abel Prize for Maths

    abel

    The Abel Prize for mathematics for 2023 was awarded to Argentine-American Luis Caffarelli, an expert in “partial differential equations” which can explain phenomena ranging from how water flows to population growth.

    Abel Prize

    • The Abel Prize is a prize awarded annually by the King of Norway to one or more outstanding mathematicians.
    • It is named after Norwegian mathematician Niels Henrik Abel (1802–1829) and directly modeled after the Nobel Prizes.
    • It comes with a monetary award of 7.5 million Norwegian kroner (NOK) (increased from 6 million NOK in 2019).
    • Its establishment was proposed by the Norwegian mathematician Sophus Lie when he learned that Alfred Nobel’s plans for annual prizes would not include a prize in mathematics.
    • The laureates are selected by the Abel Committee, the members of which are appointed by the Norwegian Academy of Science and Letters.

    Has any Indian ever won this prestigious prize?

    • Srinivasa Varadhan, an Indian-American citizen won the Abel Prize in the year 2007 for his valuable contribution in “probability theory and in particular for creating a unified theory of large deviation”.

     

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  • Call Before u Dig Application

    dig

    Prime Minister has launched the ‘Call Before u Dig’ (CBuD) app, to facilitate coordination between excavation agencies and underground utility owners to prevent damage to utilities due to digging.

    Call Before u Dig (CBUD)

    • The app is an initiative of the Department of Telecommunications, Ministry of Communications.
    • Uncoordinated digging and excavation causes damage to underlying assets like optical fibre cables, leading to losses of about Rs 3,000 crore every year.
    • The app aims to prevent damage to utilities due to digging.
    • It will save potential business loss and minimise discomfort to citizens due to reduced disruption in essential services like road, telecom, water, gas and electricity.

    How does the app work?

    • The CBuD app connects excavators and asset owners through SMS/Email notifications and click-to-call.
    • It ensures planned excavations in the country while ensuring the safety of underground assets.
    • Excavating companies can inquire about existing subsurface utilities before starting excavation work.
    • Utility owners can find out about impending work at the location.

     

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