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GS Paper: GS3

  • Strategic Petroleum Reserves

    Under Phase II of the petroleum reserve program, the Government has approved two additional commercial-cum-strategic facilities at Chandikhol (Odisha) and Padur (TN) on Public-Private Partnership (PPP) model.

    Strategic Petroleum Reserves Programme

    • To ensure energy security, the govt had decided to set up 5 million metric tons (MMT) of strategic crude oil storage at three locations namely, Visakhapatnam, Mangalore, and Padur (near Udupi).
    • These strategic storages would be in addition to the existing storage of crude oil and petroleum products with the oil companies and would serve as a cushion during any supply disruptions.
    • The petroleum reserves established are strategic, and the crude oil stored in these reserves will be used during an oil shortage event, as and when declared so by the Government of India.
    • The construction of the Strategic Crude Oil Storage facilities is being managed by Indian Strategic Petroleum Reserves Limited (ISPRL), a Special Purpose Vehicle.

    Why need SPR?

    • The Gulf War in 1990 caused a sharp rise in oil prices and a massive increase to India’s imports.
    • During the subsequent 1991 Indian economic crisis, foreign exchange reserves could barely finance three weeks’ worth of imports while the government came close to defaulting on its financial obligations.
    • India was able to resolve the crisis through policies that liberalized the economy. However, India continued to be impacted by the volatility of oil prices.
    • In 1998, the AB Vajpayee administration proposed building petroleum reserves as a long-term solution to managing the oil market.
    • Three storage facilities were built in underground locations in Mangalore, Visakhapatnam and Padur.

    Construction of ISPR

    • The crude oil storages are constructed in underground rock caverns and are located on the East and West coasts of India.
    • Crude oil from these caverns can be supplied to the Indian Refineries either through pipelines or through a combination of pipelines and coastal movement.
    • Underground rock caverns are considered the safest means of storing hydrocarbons.

  • NASA-ISRO Synthetic Aperture Radar

    The NASA-ISRO Synthetic Aperture Radar satellite, aimed at making global measurement of land surface changes using advanced radar imaging, is proposed to be launched in early 2023, informed Earth Sciences Minister.

    Note the key features of the Mission. Every statement has a unique information.

    NASA-ISRO SAR

    • NISAR is a joint collaboration for a dual-frequency L and S-band SAR for earth observation.
    • NASA and Bengaluru-headquartered ISRO signed a partnership on September 30, 2014, to collaborate on and launch NISAR.
    • The mission is targeted to launch in early 2022 from ISRO’s Sriharikota spaceport in Andhra Pradesh’s Nellore district, about 100km north of Chennai.
    • It is capable of producing extremely high-resolution images for a joint earth observation satellite mission with NASA.
    • It will be the first satellite mission to use two different radar frequencies (L-band and S-band) to measure changes in our planet’s surface less than a centimeter across.

    Objectives of the NISAR

    • NISAR will observe Earth’s land and ice-covered surfaces globally with 12-day regularity on ascending and descending passes, sampling Earth on average every six days for a baseline three-year mission.
    • It will measure Earth’s changing ecosystems, dynamic surfaces, and ice masses, providing information about biomass, natural hazards, sea-level rise, and groundwater, and will support a host of other applications.
    • It would also provide data on natural hazards including earthquakes, tsunamis, volcanoes, and landslides.

    What are L and S Bands?

    • L band waves are used for GPS units because they are able to penetrate clouds, fog, rain, storms, and vegetation.
    • The S-band is used by airport surveillance radar for air traffic control, weather radar, surface ship radar, and some communications satellites, especially those used by NASA to communicate with the Space Shuttle and the International Space Station.
    • NISAR uses a sophisticated information-processing technique known as SAR to produce extremely high-resolution images.
    • Radar penetrates clouds and darkness, enabling NISAR to collect data day and night in any weather.

    What is collaboration?

    • NASA is providing the mission’s L-band SAR, a high-rate communication subsystem for science data, GPS receivers, a solid-state recorder, and payload data subsystem.
    • ISRO is providing the spacecraft bus, the S-band radar, the launch vehicle, and associated launch services for the mission, whose goal is to make global measurements of the causes and consequences of land surface changes using advanced radar imaging.

  • Stellar Mid-life Crisis: What ails the middle-aged Sun?

    Stars like our Sun can go through a mid-life crisis, according to new research carried out by scientists from IISER Kolkata.

    Stellar Middle Age

    • At about 4.6 billion years of age, the sun is middle-aged, that is, it will continue to live for roughly the same period.
    • There are accurate methods for estimating the age of the Sun, such as by using radioactive dating of very old meteorites that have fallen on the Earth.
    • However, for more distant stars which are similar in mass and age to the Sun, such methods are not possible.
    • One of the methods used is called gyrochronology.
    • There is a relationship between rotation rate and age, that is the rotation rate of a star slows down with age.

    How does it occur?

    • When the stellar wind escapes from the star, it carries away with it a part of the angular momentum of the star, which results in its slowing down.
    • The stellar wind has two drivers: one is the high temperature of the outer atmosphere of stars – the corona – which results in an outward expansion and hence plasma winds that emanate out.
    • The other is the magnetic field.
    • The magnetic field actually heats the corona and so when magnetic activity is strong the winds are strong and since wind carries away the internal (rotational) angular momentum of the star, it slows down its rotation.
    • This is called magnetic braking.
    • As the star ages, due to this mechanism, its rotation slows down and this relationship is used in gyrochronology to estimate the age of the star.

    Impact

    • This can lead to dramatic changes in their activity and rotation rates.
    • The study also provides an explanation for the breakdown of the long-established relation between rotation rate and age in middle-aged sunlike stars.
    • However, there is a breakdown of the gyrochronology relationship, because, after midlife, a star’s rate of spin does not slow down with age as fast as it was slowing down earlier.
    • Another intriguing fact is that the Sun’s activity level has been observed to be much lower than other stars of similar age.

  • [pib] Digital Payment Solution: e-RUPI

    The Prime Minister has launched e-RUPI, a person and purpose-specific digital payment solution.

    What is e-RUPI?

    • e-RUPI is a cashless and contactless instrument for digital payment.
    • It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
    • The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app, or internet banking access, at the service provider.
    • It has been developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare, and National Health Authority.

    How does it work?

    • e-RUPI connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.
    • It also ensures that the payment to the service provider is made only after the transaction is completed.
    • Being pre-paid in nature, it assures timely payment to the service provider without the involvement of any intermediary.

    Benefits offered

    • It is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services.
    • Even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programs.

    Answer this PYQ in the comment box:

    Q.Which of the following is the most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?

    (a) Mobile wallets will not be necessary for online payments.

    (b) Digital currency will totally replace physical currency in about two decades.

    (c) FDI inflows will drastically increase.

    (d) Direct transfer of subsidies to poor people will become very effective

  • First group insolvency proceeding points to larger weakness in IBC

    Context

    National Company Law Appellate Tribunal (NCLAT) stayed the approval granted by the Mumbai bench of the National Company Law Tribunal (NCLT) to the resolution plan for the Videocon Group.

    Concerns with resolution plan

    • Resolution plan submitted by Twinstar Technologies, provided for payment of Rs 2,962 crore — a mere 4.15 per cent of Videocon’s total admitted debt of Rs 64,838 crore.
    • Payment of debt not in fair and equitable manner:  Under the IBC (Section 30(2)(b)), the resolution plan must provide for payment of debts amongst creditors in a “fair and equitable” manner.
    • However, in the plan submitted by Twinstar, unsecured assenting financial creditors and operational creditors are getting a paltry 0.62 per cent and 0.72 per cent of their admitted dues.
    • Even the secured assenting and dissenting financial creditors had to settle for only 4.9 per cent and 4.56 per cent of their respective dues.
    • Confidentiality obligation concerns: Twinstar’s bid of Rs 2,962 crore is close to the liquidation value of the Videocon Group estimated at Rs 2,568 crore, thereby raising legitimate suspicion and concern over the confidentiality of the resolution process.
    • The I&B Regulations, 2016 state that the resolution professional must maintain the confidentiality of the fair market value and liquidation value of the corporate debtor and can only disclose the same to the CoC members after the resolutions plan have been submitted.
    • Time delay: Status-quo ante has been restored until the next date of hearing by which time more than three years would have passed since the Videocon group was admitted into insolvency proceedings.
    • This is way beyond the statutory timeline of 330 days.

    Confidentiality rules need to be revised

    • The CoC members must, on receipt of the information, issue an undertaking of confidentiality.
    • But no such obligation falls on the resolution professional.
    • Further, Section 29(2) of the code provides that the resolution professional must disclose all “relevant information” to the resolution applicant and it is for the resolution applicant to ensure compliance with confidentiality obligations.
    • Again, there is no such duty imposed on the resolution professional.
    • Even under Section 25 of the code, titled “Duties of resolution professional”, the specific duty to maintain confidentiality of sensitive information is absent.
    • Clearly, the current regime does not have much deterrence value so as to ensure solemn adherence to confidentiality.

    Conclusion

    Videocon was one of the first test cases to examine the prospects of insolvency jurisprudence in India and the first one, for group insolvency proceedings.  However, almost four years and a 95 per cent haircut later, the call for an immediate course correction couldn’t be louder.

    Back2Basics: Operational creditor and financial creditors

    • When a corporate defaulter is brought under the resolution process (Corporate Insolvency Resolution Process or CIRP), there can be two types of creditors to whom the corporate should give back money –
    • (1) the entities who gave loans or funds to the corporate.
    • (2) the entities from whom the corporate bought inputs and other services.
    • The financial creditors are basically entities (lenders like banks) that have provided funds to the corporate.
    • Their relationship with the entity is a pure financial contract, such as a loan or debt security.
    • On the other hand, business and other entities that have provided inputs and other materials and services and to whom the defaulted corporate owes a debt are called as operational creditors.
    • Both have claims on the defaulted corporate or the defaulted corporate owe payments to both these categories.
    • Rights for these categories under the resolution process are also different.
    • The IBC gives a clear preference to the claims of the financial creditors over the operational creditors through several procedures.

    Haircut

    • A haircut is the difference between the loan amount and the actual value of the asset used as collateral.
    • It reflects the lender’s perception of the risk of fall in the value of assets.
    • But in the context of loan recoveries, it is the difference between the actual dues from a borrower and the amount he settles with the bank.

  • [pib] Near-Surface Shear Layer (NSSL) of Sun

    Indian astronomers have found a theoretical explanation for the existence of the Near-Surface Shear Layer (NSSL) of the Sun for the first time.

    What is a Near-Surface Shear Layer?

    • It was long known the Sun’s equator spins faster than the poles.
    • However, a peek into the internal rotation of the Sun using sound waves revealed the existence of an intriguing layer where the rotation profile of the Sun changes sharply.
    • The layer is called as a near-surface shear layer (NSSL), and it exists very close to the solar surface, where there is an outward decrease in angular velocity.

    What have researchers found?

    • They have used an equation called the thermal wind balance equation to explain how the slight difference in temperature between solar poles and equator, called thermal wind term.
    • It is balanced by the centrifugal force appearing due to solar differential rotation.
    • They have noted that if this condition is true near the solar surface, it can explain the existence of NSSL, which is inferred in helioseismology (technique of using sound waves to peek inside the Sun) based observation.

    Why study NSSL?

    • Understanding NSSL is crucial for the study of several solar phenomena like sunspot formation, solar cycle, and it will also help in understanding such phenomena in other stars.

  • [pib] What are PRIDE Guidelines?

    The Union Ministry for Science & Technology has released “Biotech-PRIDE (Promotion of Research and Innovation through Data Exchange) Guidelines” developed by the Department of Biotechnology (DBT).

    Biotech-PRIDE

    • These guidelines aim at providing a well-defined framework and guiding principle to facilitate and enable sharing and exchange of biological knowledge, information and data.
    • They will facilitate this and enable the exchange of information to promote research and innovation in different research groups across the country.
    • They will be implemented through the Indian Biological Data Centre (IBDC) at Regional Centre for Biotechnology supported by the Department of Biotechnology.

    Creating a national repository: Bio-Grid

    • Other existing datasets/ data centres will be bridged to this IBDC which will be called Bio-Grid.
    • This Bio-Grid will be a National Repository for biological knowledge, information and data.
    • It will be responsible for enabling its exchange, developing measures for safety, standards and quality for datasets and establishing detailed modalities for accessing data.

     Why need such guidelines?

    • India ranks number 4 amongst the top 20 countries contributing biological databases.
    • The Government invests a large number of public funds for biosciences to gain deep insights into intricate biological mechanisms and other processes and for translation.

  • The epoch of cyberweapons

    Context

    The controversy over the use of Pegasus spyware for snooping highlights the threats posed by cyber-weapons.

    The emergence of the cyber weapons epoch

    • Cyberattacks on institutions such as banks and on critical infrastructure have proliferated to an alarming extent, signaling the emergence of the cyber weapon epoch.
    • Privacy has been eroded and the Internet has become a powerful weapon in the hands of those seeking to exploit its various facets.
    • Fifth dimension of warfare: Cyber is often touted as the fifth dimension of warfare — in addition to land, sea, air and space.

    The domain of everyday life

    • Cyber, as the domain of military and national security, also co-exists with cyber as a domain of everyday life.
    • The war is no longer out there.
    • It is now directly inside one’s drawing-room, with cyberweapons becoming the weapon of choice.
    • Israelis today dominate the cyber domain along with the Chinese, Russians, Koreans and, of course, the Americans.
    • The linkage between sabotage and intrusive surveillance is but a short step.

    Cyberattacks during the past decades

    •  Beginning with the 2007 devastating cyberattack on Estonia’s critical infrastructure, this was followed by the Stuxnet worm attack a few years later on Iran’s nuclear facility.
    • The Shamoon virus attack on Saudi Aramco occurred in 2012.
    • In 2016, a cyberattack occurred on Ukraine’s State power grid; in 2017 there was a Ransomware attack (NotPetya) which affected machines in as many as 64 countries.
    • United Kingdom’s National Health Service fell prey to the Wannacry attack the same year.
    • The series of attacks happened this year on Ireland’s Health Care System and in the United States such as ‘SolarWinds’, the cyber attack on Colonial Pipeline and JBS, etc.

    What are the threats posed by cyberattacks?

    • Cyberweapons carry untold capacity to distort systems and structures — civilian or military.
    • Cyberweapons also interfere with democratic processes, aggravate domestic divisions and, above all, unleash forces over which established institutions or even governments have little control.
    • As more and more devices are connected to networks, the cyber threat is only bound to intensify, both in the short and the medium term.
    • What is especially terrifying is that instruments of everyday use can be infected or infiltrated without any direct involvement of the target.
    • The possibilities for misuse are immense and involve far graver consequences to an individual, an establishment, or the nation.
    • It is not difficult to envisage that from wholesale espionage, this would become something far more sinister such as sabotage.

    Way forward

    • Deeper understanding:  Dealing with ‘zero day’ vulnerabilities require far more thought and introspection than merely creating special firewalls or special phones that are ‘detached’ from the Internet.
    • Recognising the mindset: What is needed is a deeper understanding of not only cyber technologies, but also recognising the mindsets of those who employ spyware of the Pegasus variety, and those at the helm of companies such as the NSO.
    • Short-term remedies are unlikely to achieve desired results.
    • No use of AI: Artificial Intelligence (AI) is often seen as a kind of panacea for many of the current problems and ills, but all advances in technology tend to be a double-edged sword.
    • If truth be told, AI could in turn make all information warfare — including cyber related — almost impossible to detect, deflect or prevent, at least at the current stage of development of AI tools.

    Conclusion

    All this suggests that security in the era of ever-expanding cyberweapons could become an ever-receding horizon.

    Back2Basics: Zero-day vulnerability

    • The term “zero-day” refers to a newly discovered software vulnerability.
    • Because the developer has just learned of the flaw, it also means an official patch or update to fix the issue hasn’t been released.
    • So, “zero-day” refers to the fact that the developers have “zero days” to fix the problem that has just been exposed — and perhaps already exploited by hackers.

  • Why cloudbursts could become more frequent?

    Recently, cloudbursts have been reported from several places in J&K, Ladakh, Uttarakhand and Himachal Pradesh. A

    What is a Cloudburst?

    • Cloudbursts are short-duration, intense rainfall events over a small area.
    • According to the IMD, it is a weather phenomenon with unexpected precipitation exceeding 100mm/h over a geographical region of approximately 20-30 square km.

    What causes Cloudburst?

    • A study published last year studied the meteorological factors behind the cloudburst over the Kedarnath region.
    • They analyzed atmospheric pressure, temperature, rainfall, cloud water content, cloud fraction, cloud particle radius, cloud mixing ratio, total cloud cover, wind speed, wind direction, and relative humidity during the cloudburst, before as well as after the cloudburst.
    • The results showed that during the cloudburst, the relative humidity and cloud cover was at the maximum level with low temperature and slow winds.
    • It is expected that because of this situation a high amount of clouds may get condensed at a very rapid rate and result in a cloudburst.

    Impact of climate change

    • Several studies have shown that climate change will increase the frequency and intensity of cloudbursts in many cities across the globe.
    • As temperatures increase the atmosphere can hold more and more moisture and this moisture comes down as a short very intense rainfall for a short duration.
    • This results in flash floods in the mountainous areas and urban floods in the cities.
    • Also, there is evidence suggesting that globally short duration rainfall extremes are going to become more intense and frequent.

    Answer this PYQ in the comment box:

    Q.During a thunderstorm, the thunder in the skies is produced by the:

    1. meeting of cumulonimbus clouds in the sky
    2. lightning that separates the nimbus clouds
    3. violent upward movement of air and water particles

    Select the correct option using the codes given below:

    (a) 1 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) None of the above

  • Geo-imaging satellite EOS-03

    Geo-imaging satellite for earth observation EOS-03, which would enable near real-time monitoring of natural disasters like floods and cyclones, is scheduled for launch in the third quarter of 2021.

    EOS-03

    • ISRO has realized a geo-imaging satellite, “EOS-03”, for Earth Observation from Geostationary Orbit.
    • EOS-03 is capable of imaging the whole country four-five times daily and would enable near real-time monitoring of natural disasters like floods and cyclones.
    • In addition to natural disasters, EOS-03 would also enable monitoring of water bodies, crops, vegetation condition, forest cover changes.

    Other developments: Small Satellite Launch Vehicle (SSLV)

    • The first developmental flight of the Small Satellite Launch Vehicle (SSLV) is scheduled for the fourth quarter of 2021 from the Satish Dhawan Space Centre, Sriharikota.
    • The SSLV is a cost-effective, three-stage and all-solid launch vehicle with a payload capability of 500 kg to 500 km planar orbit or 300 kg to Sun-Synchronous Polar Orbit.
    • It is ideal for the on-demand, quick turn-around launch of small satellites.
    • The major technologies developed as part of SSLV are flexible nozzle control with electro-mechanical actuators for all stages, miniaturized avionics, and a velocity trimming module in the upper stage for precise satellite injection.