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Archives: News

  • Women empowerment issues – Jobs,Reservation and education

    [pib] Nandini Sahakar Yojana

    Why in the News?

    • The Minister of Cooperation has provided some information about the Nandini Sahakar Yojana.
      • NCDC has cumulatively disbursed financial assistance amounting to Rs. 6426.36 crore for the development of cooperative societies exclusively promoted by women across the country.

    About Nandini Sahakar Yojana

    • The Nandini Sahakar Scheme was initiated by the National Cooperative Development Corporation (NCDC) in 2010.
    • It is a women-focused framework providing financial assistance, project formulation, hand-holding, and capacity development.
    • The scheme aims to assist women cooperatives in undertaking business model-based activities under the purview of NCDC.

    Features of the Scheme

    • Any cooperative society with at least 50% women as primary members and a minimum of three months in operation is eligible to apply.
    • Assistance is provided in the form of credit linkage for infrastructure term loans and working capital, along with subsidies or interest subvention from other government schemes.
    • There is no minimum or maximum limit on financial assistance for projects by women cooperatives.
    • NCDC offers a 2% interest subvention on its rate of interest on term loans for new and innovative activities.
    • A 1% interest subvention is provided on term loans for all other activities, resulting in lower borrowing costs for women cooperatives.
  • Innovations in Biotechnology and Medical Sciences

    The hormone Oestrogen

    Why in the News?

    • “Osteoporosis” is a condition where bones become weak and brittle, with over 10 million cases annually in India.
      • It predominantly affects ageing women due to decreased oestrogen levels post-menopause.
    A recent study in Nature by researchers at the Universities of California uncovered a brain-derived hormone, CCN3, which increases bone mass in postpartum lactating mothers.

     

    What is Oestrogen?

      • Oestrogen is a primary female sex hormone essential for reproductive and sexual development.
      • It regulates the menstrual cycle and is crucial for the development of secondary sexual characteristics like breast development. 
      • Oestrogen also plays a vital role in maintaining bone density and cardiovascular health.
    • It is produced mainly in the ovaries but also in smaller amounts by the adrenal glands and fat tissue. 
    • The hormone influences various tissues, including the brain, heart, skin, and bones.
    • Imbalances in oestrogen levels can lead to various health issues, such as osteoporosis and cardiovascular disease.

    Role of Oestrogen in Bone Growth

    • Oestrogen is crucial for bone growth and formation, acting as a manager signaling the bone construction crew.
    • During breastfeeding, oestrogen production drops to focus on milk production, which should weaken bones.
    • Contrary to expectations, mothers’ bones become stronger to meet their babies’ high calcium demands.

    How does the ‘Hidden’ Hormone Keep Mice Mothers’ Bones Healthy?

    • During breastfeeding, the body suppresses oestrogen production to focus on milk production, which should weaken bones.
    • Despite low oestrogen, mothers’ bones strengthen.
    Researchers found that KISS1 neurons in the hypothalamus (a part of the brain) release the CCN3 hormone, which helps maintain and even increase bone mineralisation.

    Experimental Findings:

    • In experiments with genetically modified mice, those lacking the oestrogen receptor alpha still maintained healthy bones due to CCN3.
    • When CCN3 was introduced to skeletal stem cells, it significantly increased bone formation, showing its potential to strengthen bones independently of oestrogen.

    PYQ:

    [2019] ‘RNA interference (RNAi)’ technology has gained popularity in the last few years. Why?

    1. It is used in developing gene silencing therapies.
    2. It can be used in developing therapies for the treatment of cancer.
    3. It can be used to develop hormone replacement therapies.
    4. It can be used to produce crop plants that are resistant to virtual pathogens.

    Select the correct answer using the code given below.

    (a) 1, 2 and 4

    (b) 2 and 3

    (c) 1 and 3

    (d) 1 and 4 only

  • [pib] New Schemes for Co-operatives

    Why in the News?

    The Ministry of Cooperation, since its inception on 6th July 2021, has taken many initiatives to strengthen and deepen the cooperative movement at the grassroots level.

    What is a Co-operative?

    • A cooperative is “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise”.
    • Cooperatives are democratically owned by their members, with each member having one vote in electing the board of directors.

    Evolution of Cooperatives in India:

    Pre-Independence Era:

    • First Cooperative Act (1904): Enacted after the Indian Famine Commission (1901) suggested cooperative credit societies to tackle rural debt.
    • Cooperative Societies Act (1912): Amended the 1904 Act to include non-credit societies and support the cooperative movement.
    • Maclagan Committee (1915): Evaluated the cooperative movement’s economic and financial stability.
    • Montague-Chelmsford Reforms (1919): Made cooperation a provincial subject, boosting regional cooperative initiatives.
    • Post Economic Depression (1929): Various committees in regions like Madras, Bombay, Travancore, Mysore, Gwalior, and Punjab restructured cooperatives.
    • Gandhian Influence: Gandhi promoted cooperatives for a socialistic society and decentralization. Established the Phoenix Settlement and Tolstoy Farm as cooperative settlements in South Africa.

    Post-Independence Era:

    • First Five-Year Plan (1951-56): Emphasized cooperatives for comprehensive community development.
    • Multi-State Co-operative Societies Act (2002): Regulated the formation and functioning of multi-state cooperatives.
      • Amendment (2022): Introduced the Co-operative Election Authority to oversee board elections in multi-state cooperatives.
    • 97th Constitutional Amendment (2011): Made the right to form cooperatives a fundamental right under Article 19.
      • Added Part IX-B to the Constitution, establishing “The Co-operative Societies” (Articles 243-ZH to 243-ZT).
      • Empowered Parliament to legislate for multi-state cooperative societies and state legislatures for other cooperatives.
    • Union Ministry of Cooperation (2021): Created to oversee cooperative affairs, previously under the Ministry of Agriculture.

    Initiatives Making Primary Cooperatives Economically Vibrant and Transparent

    Details
    Model Bye-Laws for Primary Agricultural Credit Societies (PACS)
    • Prepared and circulated to all States/UTs.
    • Enables PACS to undertake over 25 business activities.
    • Adopted by 32 States/UTs.
    Establishing New Multipurpose PACS/Dairy/Fishery Cooperatives
    • Plan to cover all Panchayats/villages in 5 years.
    • 6,844 new PACS, Dairy, and Fishery cooperative societies registered.
    World’s Largest Decentralized Grain Storage Plan
    • Create warehouses and agri-infrastructure at PACS level.
    • Pilot project extended to 500 additional PACS.
    Formation of New Farmer Producer Organizations (FPOs) by PACS
    • 1,100 additional FPOs to be formed by PACS.
    • 992 FPOs formed by NCDC.
    PACS Given Priority for Retail Petrol/Diesel Outlets
    • Included in Combined Category 2 (CC2) for allotment.
    • 270 PACS from 25 States/UTs applied online.
    PACS Eligible for LPG Distributorship
    • Allowed to apply for LPG distributorships.
    • 31 PACS from four States/UTs submitted applications.
    PACS as Pradhan Mantri Bharatiya Jan Aushadhi Kendra
    • Promote PACS to operate Janaushadhi Kendras.
    • 2,594 PACS given initial approval, 674 received drug licenses.
    PACS as Pradhan Mantri Kisan Samriddhi Kendras (PMKSK)
    • Ensure easy accessibility of fertilizer and related services.
    • 38,141 PACS functioning as PMKSK.
    Convergence of PM-KUSUM at PACS Level
    • Farmers can adopt solar agricultural water pumps and install photovoltaic modules.
    Micro-ATMs to Bank Mitra Cooperative Societies
    • Provide doorstep financial services.
    • 2,700 micro-ATMs distributed in Gujarat.
    Rupay Kisan Credit Card to Members of Milk Cooperatives
    • Provide credit at lower interest rates.
    • 48,000 Rupay KCC distributed in Gujarat.
    Formation of Fish Farmer Producer Organization (FFPO)
    • 69 FFPOs registered by NCDC.
    • Department of Fisheries allocated work to convert 1000 fisheries cooperative societies into FFPOs.

     

    Initiatives Strengthening Urban and Rural Cooperative Banks

    Details
    Urban Cooperative Banks (UCBs) Allowed to Open New Branches
    • Open up to 10% (max 5 branches) without prior RBI approval.
    Doorstep Services by UCBs
    • Provide banking facilities at home.
    Extended Time Limit for Priority Sector Lending (PSL) Targets
    • Timeline extended to March 31, 2026.
    Nodal Officer in RBI for UCBs
    • Designated for regular interaction.
    Increased Housing Loan Limit by RBI
    • Doubled for UCBs to Rs. 60 lakhs.
    • Increased to Rs. 75 lakhs for Rural Cooperative Banks.
    Rural Cooperative Banks Lending to Real Estate/Residential Housing
    • Diversify business to benefit Housing cooperative societies.
    Non-scheduled UCBs, StCBs, and DCCBs Notified as MLIs in CGTMSE Scheme Risk coverage up to 85% on loans.
    Doubled Monetary Ceiling for Gold Loan by RBI Increased from Rs. 2 lakhs to Rs. 4 lakh.
    Umbrella Organization for UCBs Approval given to NAFCUB for formation, providing IT infrastructure and operational support.

     

    PYQ:

    [2011] In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

    (a) Commercial Banks

    (b) Cooperative Banks

    (c) Regional Rural Banks

    (d) Microfinance Institutions

  • Innovation Ecosystem in India

    Inaugural Rashtriya Vigyan Puraskar, 2024 announced 

    Why in the News?

    G Padmanabhan, the Chandrayaan-3 team, Annapurni Subramaniam, and 30 others have been chosen for the inaugural Rashtriya Vigyan Puraskar (RVP), India’s new national science awards established last year.

    What is Rashtriya Vigyan Puraskar?

    • The RVP comprises four awards:
    1. Vigyan Ratna for lifetime achievement.
    2. Vigyan Shri for scientists of all ages.
    3. Vigyan Yuva for scientists under 45 years.
    4. Vigyan Team for collaborative research work.
    • These awards were instituted last year, replacing all existing science awards, including the prestigious Shanti Swarup Bhatnagar Prize.
    • The Vigyan Yuva now serves as a replacement for the Bhatnagar Prize, which also recognized outstanding scientists below 45 years.

    Ceremony Details:

    • These awards shall be announced on the National Technology Day (11th May) every year.
    • The Award Ceremony for all categories of awards shall be held every year on the National Space Day on 23rd August.
    • The Hon’ble President of India / The Hon’ble Vice President of India may confer the Awards.

    Notable Awardees

    • G Padmanabhan: At 86, G Padmanabhan, a renowned biochemist known for his work on the malaria parasite, has been named a Vigyan Ratna, recognizing his lifetime achievement in science. Padmanabhan is a towering figure in Indian science and has been honored with the Padma Shri and Padma Bhushan.
    • Chandrayaan-3 Team: The team behind Chandrayaan-3, which successfully landed India’s first spacecraft on the Moon last year, has been awarded the Vigyan Team award for their collaborative research work.
    • Vigyan Yuva Puraskar Recipients:
      • Vivek Polshettiwar (Tata Institute of Fundamental Research, Mumbai): A chemist working on carbon capture technologies.
      • Urbasi Sinha (Raman Research Institute, Bengaluru): A leading expert in quantum research.
      • Roxy Mathew Koll (Indian Institute of Tropical Meteorology, Pune): A climate scientist.
    • Annapurni Subramaniam:
      • Among the 13 scientists selected for the Vigyan Shri award, Annapurni Subramaniam’s main research focuses on the formation and evolution of star clusters and galaxies.
    • Other Vigyan Shri Recipients:
      • Jayant Bhalchandra Udgaonkar: A biologist and former director of IISER Pune.
      • Naba Kumar Mondal: A particle physicist from Saha Institute of Nuclear Physics, Kolkata.

    PYQ:

    [2009] For outstanding contribution to which one of the following fields is Shanti Swarup Bhatnagar Prize given?

    (a) Literature

    (b) Performing Arts

    (c) Science

    (d) Social Service

  • Foreign Policy Watch: India-United States

    A shift in the US to autocratic trends   

    Why in the news?

    Since WWII, U.S. foreign policy framed democracies vs. dictatorships, but this binary blurs with recent domestic political trends and shifting allegiances.

    The binary between democracy and autocracy in the USA  

    Difference between Democracy and Autocracy

    • Democracy is defined as a system of government where the population, typically through elected representatives, exercises power. It emphasizes freedom, constitutional governance, and the protection of fundamental rights.
    • In contrast, autocracy is characterized by absolute power held by a single ruler, where the will of the ruler supersedes the rights and freedoms of individuals. Autocracies suppress dissent and limit political pluralism, often relying on force and coercion to maintain control.
    • Current Political Climate

        • The political landscape in the U.S. has shifted towards a more autocratic style of governance, particularly among factions within the Republican Party. This shift is marked by a growing acceptance of strongman leadership, which seeks to undermine traditional democratic norms and institutions.
        • Trump’s rhetoric and actions have often reflected a disdain for the checks and balances that are foundational to American democracy. His assertion of broad presidential powers and his attempts to consolidate authority signal a move away from democratic principles toward a more autocratic governance model.
    • Implications of the Shift

      • This trend raises concerns about the future of democracy in the U.S. Supporters of Trump and similar populist leaders often view the federal government as an adversary, promoting a narrative that pits “the people” against a corrupt establishment. 

    What are the different phases of transformation?  

    • Rise of the Administrative State: The first phase was the rise of the administrative state under Theodore Roosevelt, Woodrow Wilson, Franklin Roosevelt, Lyndon Johnson and Richard Nixon.
        • This broadened the scope of government intervention and generated a complex bureaucracy to address social problems and welfare.
    • Centralizing Executive Power: As the administrative state grew, presidents needed to bring it under their direct control. During the 1980 transition, Ronald Reagan’s team employed a large staff to centralize control over policy, budgeting, and appointments. This led to the centralized apparatus that now resides in the Executive Office of the President.
    • In 2024, embracing autocratic tendencies: The populist faction of the Republican Party, concentrated among less educated, blue-collar, white, rural, and religious populations disadvantaged by globalization, embraces a strongman vision of leadership that operates beyond democratic norms.  
      • Trump waged a campaign against norms and institutions of two-party politics, culminating in his efforts to overturn the 2020 election. The Supreme Court’s ruling granting Trump immunity from prosecution for official acts has significantly blurred the line between democracy and autocracy.

    The present new normal

    • Erosion of Democratic Norms and Institutions: Trump showed disdain for legal limitations on presidential power and waged a campaign against democratic norms and institutions. His attempts to overturn the 2020 election results despite losing to Biden exemplified this authoritarian tendency.
    • Conservatism and Nationalism: Trumpism embraced conservative values like opposition to abortion, support for gun rights, and backing law enforcement.
      • Trump reshaped U.S. foreign policy to prioritize American interests over global cooperation and multilateralism.

    Way forward: 

    • Strengthen Democratic Institutions: Need to reinforce checks and balances to prevent executive overreach, enhance judicial independence, and protect electoral integrity to ensure democratic principles are upheld.
    • Promote Civic Education and Engagement: Need to educate citizens on democratic values, the importance of pluralism, and the dangers of autocracy to foster informed and active participation in the democratic process.
  • Foreign Policy Watch: India-Bangladesh

    How India needs to deal with the new Bangladesh?  

    Why in the News?

    India will require significant political and diplomatic acumen to navigate the fallout from Sheikh Hasina’s fall, which could destabilize and potentially reshape the geopolitics of the subcontinent.

    Why Hasina’s fall was not a surprise?

    • Long-standing Discontent: Widespread protests against Sheikh Hasina’s government had been brewing over issues like a controversial quota system for government jobs, indicating significant public discontent.
    • Authoritarian Drift: Hasina’s government has been accused of suppressing opposition and civil society through measures like the Digital Security Act, which has been used to arrest critics and journalists.
    • Historical Context: Since gaining independence in 1971, Bangladesh has experienced several military coups, political assassinations, and periods of military rule, including the killing of Hasina’s father, Mujibur Rahman, in 1975.

    Five Challenges Beyond 1971

    • Engagement with Opposition: Due to prevailing political uncertainity, India need to distance itself from Hasina and engage with her opponents to maintain credibility and influence in Bangladesh.
    • Managing Regional Rivalries: India needs to prepare for potential exploitation of the situation by Pakistan and China, which may seek to influence the new government against Indian interests.
    • Historical Narratives: India needs to navigate the complex historical narratives surrounding the 1971 liberation of Bangladesh, recognizing that many in Bangladesh do not share the same interpretation.
    • Economic Stability: Ensuring economic stabilization in Bangladesh will be crucial, requiring collaboration with regional partners to prevent extremism and maintain stability.
    • Recognition of Local Agency: India must acknowledge that Bangladesh has its own political dynamics and agency, which cannot be solely dictated by Indian interests or actions.

    What India must prepare for now? (Way forward)

    • Diplomatic Strategy: India needs to develop a proactive diplomatic strategy to engage with the new government in Bangladesh while avoiding perceptions of interference.
    • Security Concerns: India must be vigilant about border security and the potential resurgence of anti-India activities, especially if the new government leans towards Pakistan or China.
    • Economic Engagement: Strengthening economic ties and leveraging people-to-people connections will be essential for maintaining a positive relationship with Bangladesh, regardless of political changes.
    • Learning from Past Experiences: India should draw lessons from its past experiences with political transitions in the region, such as in Afghanistan, to navigate the current situation effectively.
    • Collaborative Approach: Working with international partners, including the US and Gulf nations, will be important to address the challenges posed by the political shift in Bangladesh and to ensure regional stability.

    Mains PYQ: 

    Q Critically examine the compulsions which prompted India to play a decisive role in the emergence of Bangladesh. (2013)

  • Minority Issues – SC, ST, Dalits, OBC, Reservations, etc.

    On UP’s stringent Anti-conversion law     

    Why in the news?

    The UP Assembly’s amendments to its regressive ‘Anti-conversion’ law appear aimed at facilitating misuse, with over 400 cases registered since the original 2021 law.

    What is UP’s ‘Anti-conversion’ law?

    • Uttar Pradesh’s “Anti-conversion” law, officially known as the Uttar Pradesh Prohibition of Unlawful Conversion of Religion Act, 2021, prohibits religious conversion through unlawful means such as misrepresentation, force, undue influence, coercion, allurement, or fraudulent means.

    Why was the Original 2021 Anti-Conversion Law Amended by UP?

    • Increased Stringency: The amendments aim to make the original law more stringent, responding to claims of rising cases of forced conversions and the alleged involvement of foreign and anti-national elements in demographic changes.
    • Response to Public Discontent: The government cited the need to enhance penalties and legal measures to prevent unlawful conversions, particularly concerning vulnerable groups such as minors and women.
    • Legitimacy of Complaints: The amendment allows third parties to file complaints about alleged unlawful conversions, expanding the scope of the law and potentially increasing its application against inter-faith marriages.

    What are Its concerning features?

    • Harsh Penalties: The amended law introduces severe penalties, including imprisonment of up to 20 years or life for targeting minors, women, or certain communities through coercion or force.
    • Bail Conditions: The law imposes stringent bail conditions that make it difficult for accused individuals to secure bail, requiring public prosecutor consent and a presumption of guilt.
    • Third-Party Complaints: The provision allowing anyone to file complaints against alleged conversions opens the door for misuse by communal organizations and individuals with vested interests, potentially targeting inter-faith couples.

    What does it state about bail conditions and ‘foreign funding’?

    • Bail conditions: The amended law states that an accused individual cannot be granted bail unless the public prosecutor has the opportunity to oppose it, and there is reason to believe the accused is not guilty and unlikely to repeat the offence.
    • Foreign funding: The law prescribes stiff penalties for receiving funds from foreign organizations for unlawful conversion, with fines and imprisonment aimed at deterring financial support for conversion activities.

    How is it different from other states?

    • Comparison with Other States: While several states like Odisha and Madhya Pradesh have anti-conversion laws, Uttar Pradesh’s amendments are notably harsher, including provisions for life imprisonment, which are not present in other states.
    • Bail and Proof Burden: Other states may not impose such severe bail conditions or the reverse burden of proof required in Uttar Pradesh, making it easier for accused individuals in those states to secure bail.
    • Scope of Complaints: In many states, only aggrieved individuals or their close relatives can file complaints, whereas Uttar Pradesh’s amendments allow for broader third-party complaints, increasing the potential for misuse.

    Way forward:

    • Promote Awareness of Rights: Implement comprehensive public awareness campaigns to educate citizens about their legal rights concerning religious conversion and inter-faith marriages.
    • Legal and Constitutional Review: Stakeholders, including civil society organizations and legal experts, should actively pursue legal challenges against the amended law in the Supreme Court of India.
  • Poverty Eradication – Definition, Debates, etc.

    Counting the ‘poor’ having nutritional deficiency       

    Why in the news?

    The National Sample Survey Office has released the Household Consumption Expenditure Survey (HCES) report for 2022-23, along with public access to unit-level data on household expenditures.

    What does the recent NSSO Report tell us?

    • The report utilizes various definitions of poverty established by past committees, with the poverty line (PL) being anchored to calorie norms of 2,400 kcal for rural and 2,100 kcal for urban areas as per the Lakdawala Committee. The Rangarajan Committee’s approach considers broader normative levels, including non-food expenses.
    • The average per capita calorie requirement (PCCR) is estimated at 2,172 kcal for rural and 2,135 kcal for urban populations. The report highlights that the average per capita calorie intake (PCCI) for the poorest segments falls significantly below these requirements, indicating nutritional deficiencies.
    • The total monthly per capita consumption expenditure (MPCE) thresholds are set at ₹2,197 for rural and ₹3,077 for urban areas, with proportions of the population identified as ‘poor’ being 17.1% in rural and 14% in urban contexts. If non-food expenditures for the poorest 10% are considered, these thresholds rise, increasing the proportion of the deprived.

    Approach for measurement is the Issue:

    • Defining Poverty: The report defines the poor based on MPCE, which is linked to the ability to purchase essential food and non-food items.
      • The reliance on MPCE does not adequately address nutritional needs. While the poverty line is linked to the ability to purchase food and non-food items.
    • Caloric Requirement Calculation: The PCCR is derived from the ICMR-National Institute of Nutrition’s latest recommendations, weighted by the population distribution across age-sex-activity categories.
      • The ICMR-National Institute of Nutrition’s (ICMR-NIN) recommendations for caloric requirements in India are derived from the Recommended Dietary Allowances (RDA) for Indians.
      • The RDA does not adequately account for regional and cultural differences in dietary habits and food availability.
    • Fractile Class Analysis: Households are categorized into 20 fractile classes based on MPCE, allowing for the calculation of average PCCI and MPCE for each class.
      • Each fractile class represents 5% of the population, allowing for a detailed understanding of expenditure distribution and nutritional intake variations within the population
      • MPCE reflects consumption patterns but does not capture the full spectrum of economic well-being or deprivation.
    • State-Specific Adjustments: The all-India thresholds are adjusted for regional price differences to derive state-specific MPCE thresholds.
      • The methodology for deriving state-specific MPCE thresholds relies on regional price indexes, which can vary significantly in their construction and accuracy.

    Recommendations for Improving Nutritional Levels (Way Forward) 

    • Nutritional Schemes: Govt. needs to develop and expand schemes specifically aimed at improving the nutritional intake of the poorest households.
    • Awareness and Education: Govt. should increase awareness about nutrition and healthy eating practices among low-income households.
    • Subsidized Food Programs: Need to enhance access to subsidised food items to ensure that households can meet their caloric and nutritional needs.
    • Monitoring and evaluation: Govt. should establish robust mechanisms to monitor the effectiveness of nutritional interventions and adjust strategies as necessary.

    Conclusion: ​​The NSSO HCES 2022-23 report reveals significant nutritional deficiencies among the poorest. To align with SDG goals, expanding targeted nutritional schemes, subsidized food programs, and robust monitoring is essential.

    Mains PYQ: 

    Q How far do you agree with the view that the focus on the lack of availability of food as the main cause of hunger takes the attention away from ineffective human development policies in India? (2013)

  • RBI Notifications

    RBI Report on Currency and Finance (RCF), 2023-24

    Why in the News?

    The Reserve Bank of India (RBI) released the “Report on Currency and Finance (RCF)” for the year 2023-24 with the theme – India’s Digital Revolution.

    What is the Report on Currency and Finance (RCF)? 

    • The RCF is an annual publication by the Reserve Bank of India (RBI).
    • It covers various aspects of the Indian economy and financial system, providing insights and analysis on current economic conditions, financial stability, and policy issues.
    • The theme for the 2023-24 report is “India’s Digital Revolution.”
    • Focus: It focuses on the transformative impact of digitalization across various sectors in India, especially in the financial sector.
    • Highlights: The report highlights how digital technologies are reshaping economic growth, financial inclusion, public infrastructure, and the regulatory landscape. It also addresses the opportunities and challenges associated with digitalization.

    Key Highlights of the RCF:

    [1] Digital Revolution

    • The RCF emphasizes India’s leading role in the global digital revolution.
    • With robust digital public infrastructure (DPI), evolving institutional frameworks, and a tech-savvy population, India has emerged as a frontrunner in this arena.
    • Key initiatives such as Aadhaar, the world’s largest biometric-based identification system, and the UPI, a real-time, low-cost transaction platform, have revolutionized service delivery and financial inclusion.

    [2] Digitalization in Finance

    • The above-discussed initiatives have made retail payments faster and more convenient, while the RBI’s pilot runs of the E-Rupee position India at the forefront of digital currency initiatives.
    • The digital lending ecosystem is also vibrant, with the Open Credit Enablement Network and the Open Network for Digital Commerce (ONDC) driving growth.

    [3] Remittance Inflows in India

    • India continues to lead as the highest remittance recipient globally, with US$ 115.3 billion in 2023, accounting for 13.5% of the world’s total remittances.
    • The RCF highlights that more than half of India’s inward remittances in 2021 came from the Gulf countries, with North America contributing 22%.
    • The remittance-to-GDP ratio for India has risen from 2.8% in 2000 to 3.2% in 2023, surpassing the gross FDI inflows to GDP ratio of 1.9% in 2023.
    • Looking forward, India is poised to remain a leading supplier of labor, with its working-age population expected to rise until 2048, potentially propelling remittances to around $160 billion by 2029.

    [4] Smartphones Penetration

    • India’s mobile penetration has seen remarkable growth, with internet penetration reaching 55% in 2023 and an increase of 199 million internet users over the past three years.
    • The cost per gigabyte of data in India is the lowest globally, at an average of Rs. 13.32 per GB.
    • India has one of the highest mobile data consumption rates worldwide, with an average per-user per-month consumption of 24.1 GB in 2023.
    • The number of smartphone users in India was about 750 million in 2023, expected to reach 1 billion by 2026. 
    • The RCF projects that India will become the second-largest smartphone manufacturer within the next 5 years.

    PYQ:

    [2017] 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 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.

  • Innovations in Biotechnology and Medical Sciences

    The Physics of Pressure

    Why in the News?

    • Pressure is an indispensable part of life, often unnoticed but always present.
      • It’s the interaction of microscopic particles with the macroscopic world, creating phenomena like air pressure.

    What is Pressure?

    • Pressure is defined as the force exerted per unit area on a surface. 
    • For example, an apple weighing 100 g exerts a force of about 1 newton (N) on your hand and a pressure of approximately 500 Pa.
    • Atmospheric pressure is around 100,000 Pa, equivalent to the pressure exerted by about 200 apples on your hand.

    Everyday Examples of Pressure

    (1) Measuring Blood Pressure:

    • Blood pressure, measured in mm of mercury (mmHg), is an example of pressure in a different context.
    • Blood pressure is measured using a sphygmomanometer, which balances the pressure in an arm cuff with the pressure of the blood in the arteries.
    • The readings, such as 120/80 mmHg, represent the pressure during heartbeats (systolic) and between beats (diastolic).
    • Mercury, being 15 times heavier than water, allows for portable blood-pressure machines.

    (2) Pressure Cookers:

    • The whistle of a pressure cooker is a direct result of the increased pressure cooking the food efficiently.
    • The pressure cooker exemplifies the practical application of pressure in cooking, making it an indispensable kitchen tool.

    PYQ:

    [2021] In a pressure cooker, the temperature at which the food is cooked depends mainly upon which of the following?​

    1. Area of the hole in the lid​

    2. Temperature of the flame​

    3. Weight of the lid​

    Select the correct answer using the code given below.​

    (a) 1 and 2 only ​

    (b) 2 and 3 only​

    (c) 1 and 3 only ​

    (d) 1, 2 and 3​

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