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Archives: News

  • Climate Change Negotiations – UNFCCC, COP, Other Conventions and Protocols

    India plans to enter into a carbon crediting mechanism with Japan 

    Why in the news? 

    India is set to establish a Joint Crediting Mechanism (JCM) with Japan for carbon trading and emission-reduction credits.

    Memorandum of Cooperation for Setting Up a Joint Crediting Mechanism (JCM)

    • Objective and Framework: India and Japan plan to sign a Memorandum of Cooperation to establish a Joint Crediting Mechanism (JCM) for sharing emission-reduction credits. The JCM will involve a structured allocation of carbon credits and maintain a registry to track these credits, with projects needing clearance from a Joint Committee.
    • Implementation and Oversight: The mechanism will be governed under Article 6.2 of the Paris Agreement, adhering to relevant domestic laws and regulations of both countries. A Joint Committee will develop rules, manage project cycles, and oversee monitoring and issuance of credits.

    Emission Cuts

    • Credit Allocation: Credits issued under the JCM will contribute to both Japan’s and India’s Nationally Determined Contributions (NDCs) under the Paris Agreement. The JCM will avoid double counting of credits and may authorize some credits for international mitigation purposes.
    • Technology Transfer and Capacity Building: Japan will support technology transfer, finance, and capacity building to enhance the effectiveness of the JCM and facilitate the adoption of new technologies.

    Significance of JCM:

    • Increased Access to Clean Technologies: The JCM will facilitate the transfer of advanced decarbonizing technologies from Japan to India, such as renewable energy systems, energy-efficient appliances, and waste management solutions.
    • Job Creation and Skill Development: The implementation of JCM projects will create new employment opportunities in sectors like renewable energy, energy efficiency, and waste management

    Bilateral ties between India and Japan

    • Strategic Partnership: The JCM will strengthen bilateral ties between India and Japan by fostering collaboration on low-carbon technologies and climate action, aimed at boosting job creation and investments in clean technologies.
    • Clean Energy Partnership: It was launched in March 2022, the India-Japan Clean Energy Partnership (CEP) aims to enhance cooperation in sustainable energy transitions to achieve net-zero emissions by 2070.
    • Investment Commitments: During the 14th India-Japan Annual Summit in March 2022, both nations agreed on a target of $42 billion (JPY 5 trillion) in public and private investment from Japan to India over the next five years
    • Low Carbon Emission Strategies: A $600 million fund was established to focus on environmental sustainability and low carbon emission strategies. This initiative is part of a broader effort to enhance Japanese investments in India while addressing climate change.

    Way forward: 

    • Prioritize the adoption of cutting-edge decarbonizing technologies: Japan should prioritize the transfer of its most advanced low-carbon technologies to India, such as renewable energy systems, energy-efficient appliances, and carbon capture and storage solutions.
    • Expand the scope of the JCM to include other areas of climate cooperation: While the initial focus of the JCM should be on emission reduction projects, India and Japan could explore expanding its scope to include other areas of climate cooperation, such as adaptation measures, climate finance, and capacity building.

    Mains PYQ: 

    Q Clean energy is the order of the day.’ Describe briefly India’s changing policy towards climate change in various international fora in the context of geopolitics. (UPSC IAS/2022)

  • Primary and Secondary Education – RTE, Education Policy, SEQI, RMSA, Committee Reports, etc.

    Bombay HC quashes Exemption from RTE Quota for Private Schools  

    Why in the News?

    The Bombay High Court has cancelled the Maharashtra government’s new rule that allowed private schools within 1 kilometer of government or government-aided schools to avoid reserving 25% of their seats for students from weaker sections and disadvantaged groups.

    Right to Education (RTE) Act: Overview

    • The Right to Education (RTE) Act, 2009 ensures free and compulsory education as fundamental right under Article 21A of the Indian Constitution.
    • It mandates that every child has the right to full-time elementary education of satisfactory and equitable quality in a formal school that meets certain essential norms and standards.
    • Key Provisions:
      • The RTE Act provides for free and compulsory education for all children between 6 and 14 years.
      • Schools must be available within a prescribed distance from the child’s residence to ensure accessibility.
      • The Act ensures the provision of adequate teachers and the establishment of standards for their training and quality.
    • Teacher Qualification: The teacher must pass the Teacher Eligibility Test (TET), which is administered by the respective government authority. The National Council for Teacher Education (NCTE) has established the minimum qualifications required for a person to be eligible for appointment as a teacher for classes I to VIII.
    • The RTE Act does NOT apply to Minority institutions.

    Section 12(1) (C) of the RTE Act:

    • Section 12(1) (C) requires private unaided and specified category schools to reserve at least 25% seats for children from economically weaker sections and disadvantaged groups.
    • This provision aims to promote social inclusion and ensure that children from all backgrounds have access to quality education.
    • The government reimburses schools for the expenses incurred for admitting these children, based on per-child expenditure incurred by the state.
    • Children from economically weaker sections and disadvantaged groups benefit from this Section as it provides them access to private schooling.
    • This section aims to contest education apartheid and bring parity and equality of opportunity for all children.

    Details of the Exemption Rule in Maharashtra

    • The notification stated that private unaided schools within one kilometer of a government or government-aided school would not need to reserve 25% of seats for socio-economically backward students.
    • Students in these areas would first be considered for admission to nearby government or government-aided schools.
    • The exemption also applied to future private schools established within a one-kilometer radius of government or government-aided schools.
    • If no such schools existed in the vicinity, private schools would be identified for RTE admissions.

    Similar Exemptions in Other States

    • Maharashtra joined Karnataka and Kerala in implementing this regime to exempt private schools from RTE admissions.
    • Karnataka introduced the rule in December 2018, referencing Kerala’s rules introduced in 2011.
    • In Kerala, the fee concession is available to RTE quota students only if there are no government or aided schools within one kilometer for Class 1 students.

    Reasons for Introducing Exemptions

    • Karnataka’s Law Minister stated in 2018 that the primary intention of RTE is to provide education to all classes of students.
    • Allowing parents to admit children to private schools despite nearby government schools resulted in a drop in enrollment ratios in government schools.
    • Private schools and teachers’ organizations highlighted that state governments often failed to reimburse fees for students admitted through the RTE quota.
      • Section 12(2) of the RTE Act binds state governments to reimburse expenses incurred by schools per child or the fee amount, whichever is less.
      • In Maharashtra, the Maharashtra English School Trustees Association (MESTA) threatened to boycott RTE admissions last December due to pending reimbursements of Rs 1,800 crore.

    PYQ:

    [2022] The Right of Children to Free and Compulsory Education Act, 2009 remains inadequate in promoting incentive-based systems for children’s education without generating awareness about the importance of schooling. Analyse.

    [2018] Consider the following statements:

    1. As per the right to education (RTE) Act, to be eligible for appointment as a teacher in a state, a person would be required to possess the minimum qualification laid down by the concerned State council of Teacher education.
    2. As per the RTE Act, for teaching primary classes, a candidate is required to pass a Teacher Eligibility Test conducted in accordance with the National Council of Teacher Education guidelines.
    3. In India, more than 90 % of teacher education institutions are directly under the State Governments.

    Which of the statements given above is/are correct?

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

  • Tribes in News

    Bhil Tribe have again demanded a separate ‘Bhil Pradesh’

    Why in the News?

    A large number of people from the Bhil tribe recently gathered at a rally in Rajasthan’s Mangarh Dham to raise the demand for an independent ‘Bhil state’.

    Background of the Bhil Pradesh Demand

    • The idea of a tribal state, comprising parts of Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, has been discussed previously.
    • The demand for a separate tribal state in western India was put forward by the Bharatiya Tribal Party (BTP) formed in 2017.
    • The Bhil community has been demanding that 49 districts be carved out of the four states to establish Bhil Pradesh.
    • The demand for Bhil Pradesh has been raised repeatedly since Independence.

    Historical Context

    • Bhil social reformer and spiritual leader Govind Guru first raised the demand for a separate state for tribals in 1913.
    • The demand followed the Mangarh massacre, where hundreds of Bhil tribals were killed by British forces.
    • The massacre took place six years before the Jallianwala Bagh massacre and is sometimes referred to as the “Adivasi Jallianwala”.

    Reasons for the Demand

    • Earlier, the tribal-majority regions were a single entity but were divided post-Independence.
    • According to the 2011 census, tribals comprise almost 14% of Rajasthan’s population.
    • Several Union governments have brought various laws and schemes for tribals but have been slow in implementation.

    Example of Implementation Issues

    • The Provisions of the Panchayats (Extension to Scheduled Areas) Act, 1996, aimed to decentralize governance and empower gram sabhas in tribal areas.
    • The Rajasthan government adopted the law in 1999, but its rules were only formulated in 2011.
    • Many people, including local leaders, are still unaware of the law.

    PYQ:

    [2013] Consider the following pairs :

    Tribe: State

    1. Limboo Limbu : Sikkim

    2. Karbi : Himachal

    3. Dongaria Kondh : Odisha

    4. Bonda : Tamil Nadu

    Which of the above pairs are correctly matched?

    (a) 1 and 3 only

    (b) 2 and 4 only

    (c) 1, 3 and 4 only

    (d) 1, 2, 3 and 4

  • Modern Indian History-Events and Personalities

    Who was Prithipal Singh Randhawa, student leader shot dead 45 years ago?

    Why in the News?

    • Prithipal Singh Randhawa, leader of the Punjab Students Union (PSU), was murdered in Ludhiana on July 18, 1979.
      • At the time of his death, he was 27 years old and among the most prominent leaders of the student union movement in Punjab during the 1970s.

    Who was Prithipal Singh Randhawa?

    • Randhawa hailed from Hoshiarpur in Punjab and joined Punjab Agricultural University (PAU), Ludhiana, in 1972.
    • On October 5, 1972, students protested outside Regal Cinema in Moga district against black marketing of tickets. 
      • The police opened fire, killing four people, including student leaders Swarn Singh and Harjeet Singh.
    • In response, Randhawa launched a mass movement, leading to the arrest of the responsible police officers.
    • On October 26, 1974, he organized the massive Moga Sangram rally, addressing issues like student fee hikes and the United States’ imperial war in Vietnam.
    • He was assassinated on July 18, 1979, after abduction.
    • His rising popularity and anti-establishment stance led to his arrest and 19-month imprisonment under the Maintenance of Internal Security Act (MISA) during the Emergency.
    • His death led to massive protests in Punjab, Haryana, and Delhi.

    Back2Basics: Maintenance of Internal Security Act (MISA): Overview

    • The MISA was a controversial law enacted by the Indian government in 1971.
    • It was primarily aimed at ensuring internal security and public order during times of political unrest and emergencies.
    • MISA was heavily used during the Emergency period (1975-1977) declared by Prime Minister Indira Gandhi.

    Key Provisions:

    • Preventive Detention: MISA allows for the preventive detention of individuals without trial for a maximum period of two years. This was intended to pre-emptively address threats to national security.
    • Detention without Charges: Individuals could be detained without being charged with a specific offense, based on the suspicion of being a threat to national security or public order.
    • No Right to Legal Representation: Detainees under MISA did not have the right to legal representation or a fair trial.
    • Limited Judicial Review: The act severely restricted the scope of judicial review, making it difficult for courts to intervene in cases of detention under MISA.

    Controversy and Criticism:

    • Human Rights Violations: MISA was widely criticized for its draconian measures and violation of fundamental human rights, including the right to liberty, freedom of speech, and due process.
    • Political Repression: The act was seen as a tool for political repression, used by the government to silence opposition and dissent.
    • Abuse of Power: There were numerous instances of abuse of power under MISA, with individuals being detained on vague or politically motivated grounds.

    Repeal:

    • After the end of the Emergency in 1977, the newly elected Janata Party government repealed MISA in 1978 as part of its efforts to restore democratic norms and civil liberties.
    • The legacy of MISA remains a stark reminder of the potential for misuse of power and the importance of safeguarding democratic principles and human rights.

     

    PYQ:

    [2022] Which of the following is/are the exclusive power(s) of Lok Sabha?

    1. To ratify the declaration of Emergency
    2. To pass a motion of no-confidence against the Council of Ministers
    3. To impeach the President of India

    Select the correct answer using the code given below:

    (a) 1 and 2

    (b) 2 only

    (c) 1 and 3

    (d) 3 only

  • Tribes in News

    Sighting of Peru’s uncontacted Mashko Piro people

    Why in the News?

    An NGO has released rare photographs of the Mashco Piro tribespeople, one of the world’s 100-odd uncontacted tribes.

    Who are the Mashko Piro people?

    • The Mashco Piro tribe, possibly numbering over 750, are nomadic hunter-gatherers.
    • They live in the Amazon jungles of the Madre de Dios Region, near Peru’s border with Brazil and Bolivia.
    • Almost all uncontacted tribes, including the Mashco Piro, live in the jungles of the Amazon and Southeast Asia.
    • The Mashco-Piro speak a dialect of the Piro language.
    • The tribe is highly reclusive and only occasionally contacts the Yine people, another native group.

    Threats from the logging activities

    • Logging companies has been allotted 53,000 hectares in the Madre de Dios forests to extract cedar and mahogany.
    • The Mashco Piro have expressed their disapproval of the logging companies through the Yine people, reporting feelings of pressure and upset due to company assaults.

    Historical Context:

    • The Mashco Piro’s territory was invaded during Peru’s rubber boom in the 1880s, resulting in displacement, enslavement, and mass killings.
    • Survivors moved further upstream on the Manu River and have lived in isolation since then.

    Protective measures from the Government

    • In 2002, the Peruvian government established the Madre de Dios Territorial Reserve to protect the Mashco Piro’s territory.
    • However, large parts of their traditional lands lie outside the reserve and have been sold as logging concessions.
    • The Peruvian government has forbidden all contact with the Mashco Piro to prevent the spread of diseases to which the tribe has no immunity.
    • As logging companies encroach on their territories, the Mashco Piro have nowhere left to go.

    PYQ:

    [2016] Consider the following pairs:

    Community sometimes in the affairs of mentioned in the news

    1. Kurd : Bangladesh
    2. Madhesi : Nepal
    3. Rohingya : Myanmar

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

    (a) 1 and 2

    (b) 2 only

    (c) 2 and 3

    (d) 3 only

  • Tobacco: The Silent Killer

    Vasco da Gama’s toxic legacy is now a ‘pandemic’ that kills 8 million globally   

    Why in the news? 

    On July 8th, 1497, Vasco da Gama’s historic voyage began, reshaping global maritime routes and leaving a lasting impact on trade and culture. This era of exploration introduced and disseminated tobacco, profoundly affecting societies in numerous ways.

    Cultivation and Production of Tobacco

    • Historical Introduction: Tobacco was originally cultivated by Native Americans and brought to Europe in the 16th century. It was introduced to South Asia by European traders and colonizers, notably the Portuguese, Dutch, and British.
    • Economic Significance: Tobacco is a drought-tolerant crop providing livelihoods to many. It accounts for about 2% of India’s agricultural exports and employs over 45 million people.
    • Revenue Generation: The tobacco industry is a major source of revenue through taxation and exports, generating over ₹22,000 crores annually.

    Implications on Human Health

    • Health Issues: Tobacco use contributes to various cancers (lung, mouth, throat, oesophagus, pancreas, and bladder), respiratory diseases (COPD, emphysema, chronic bronchitis), cardiovascular problems (heart disease, stroke, hypertension), and other conditions like diabetes, infertility, weakened immune system, and complications in pregnancy.
    • Addiction: Nicotine, a highly addictive substance in tobacco, alters brain function leading to severe addiction.
    • Health Crisis: In India, tobacco use causes over 1.2 million deaths annually. It is responsible for 27% of all cancers and adds significant costs to healthcare and productivity losses, totaling approximately ₹1.82 trillion annually.

    Ethical and Revenue Considerations

    • Economic Benefits vs. Health Costs: While tobacco provides economic benefits and employment, it comes with tremendous human and financial costs due to tobacco-related illnesses.
    • Constitutional Provisions: Under Article 21 of the Indian Constitution guarantees the right to life and health. The Directive Principles of State Policy mandate the state to improve public health and living standards.So,Govt. has responsibility to prevent tobacoo consumption.

    Indian needs to Stack Up Its Priorities

    • Institutional Conflict: The Indian Council of Medical Research (ICMR) focuses on eliminating tobacco to mitigate health impacts, while the Indian Council of Agricultural Research (ICAR) aims to increase tobacco crop yields.
    • Policy and Ethical Dilemma: The conflicting priorities between ICMR and ICAR create significant policy challenges. The constitutional mandate to prioritize public health should guide policy decisions.

    Will CRISPR make a difference?

    • Gene Editing Potential: CRISPR technology offers potential solutions by developing genetically modified tobacco plants with reduced nicotine content.
    • Research Developments: Studies have shown promise in using CRISPR to significantly lower nicotine levels in tobacco plants. However, further characterization is needed to ensure these modifications do not negatively impact other important traits.
    • Collaborative Efforts: Collaboration between ICMR and ICAR is crucial to align scientific advancements with public health goals and agricultural sustainability.

    The Tobacco Lobby and Surrogate Advertising

    • Circumventing Regulations: The tobacco industry employs surrogate advertising to promote its products despite stringent advertising bans. These tactics perpetuate tobacco consumption, especially among youth, undermining public health efforts.
    • Aggressive Lobbying: The tobacco industry has a large network of 1,027 registered lobbyists at the state level in 2024, many of whom are former government employees. They engage in extensive lobbying to weaken, delay or block life-saving tobacco control measures.

    Way forward: 

    • Implement Stricter Regulations: Enforce stringent regulations on tobacco advertising, including surrogate advertising, and ensure compliance through regular monitoring and penalties.
    • Ban on Public Smoking: Implement and strictly enforce smoking bans in public places to reduce exposure to second-hand smoke.

    Mains PYQ: 

    Q What are the research and developmental achievements in applied biotechnology? How will these achievements help to uplift the poorer sections of the society? (UPSC IAS/2021)

  • Citizenship and Related Issues

    How do Assam’s Foreigners Tribunals function? 

    Why in the news? 

    On July 5, the Assam government instructed the Border wing of the State police not to refer cases of non-Muslims who entered India illegally before 2014 to the Foreigners Tribunals (FTs).

    About Foreigners Tribunals: 

    • Foreigners Tribunals are quasi-judicial bodies established to determine if a person staying illegally in India is a “foreigner” or not.
    • They were set up under the Foreigners (Tribunals) Order, 1964, enacted by the central government under the Foreigners Act, 1946.
    • Initially, only the central government could set up these tribunals. But a 2019 amendment empowered district magistrates in all states and UTs to establish Foreigners Tribunals.
    • The tribunals have the powers of a civil court to summon witnesses, require document production, and examine evidence.

    Decision-Making Process of Foreigners Tribunals:

    • Referral: Individuals suspected of being foreigners are referred to FTs by local authorities or border police. This referral can be based on various factors, including lack of documentation or doubtful voter status.
    • Notice Issuance: Upon receiving a reference, the FT issues a notice to the person alleged to be a foreigner. This notice is served in English or the state’s official language.The person has 10 days to respond to the notice and an additional 10 days to submit evidence supporting their claim of citizenship.
    • Submission of Evidence: The individual must present evidence to prove their Indian citizenship. This may include documents like birth certificates, school certificates, land records, or other official records.
    • Verification: The tribunal examines the documents and evidence provided, and may call witnesses or seek additional information if necessary.
    • Hearing: The FT has the authority to summon and examine the individual on oath, and to require the production of additional documents. The tribunal operates with certain powers of a civil court.
    • Judgment: If the evidence provided is deemed insufficient to prove citizenship, the individual may be declared a foreigner. If evidence is adequate, the person is recognized as an Indian citizen.
    • Detention and Deportation: If declared a foreigner and unable to appeal successfully, the person may be sent to a detention center (transit camp) for deportation.

    Role of Border Police:

    • Detection and Referral: The Assam Police Border Organisation is responsible for detecting illegal foreigners and referring suspicious cases to FTs.
    • Patrolling and Defence: They patrol the India-Bangladesh border, work with the Border Security Force, and maintain a second line of defense.
    • Monitoring: They monitor people settled in riverine and char (sandbar) areas.
    • Cases of ‘D’ Voters: They refer cases of ‘D’ (doubtful) voters to FTs as directed by the Election Commission of India.
    • NRC Appeals: People excluded from the NRC can appeal to the FTs through this wing to prove their citizenship.

    Challenges and Criticisms:

    • Supreme Court Rulings: The Supreme Court has overturned FT orders citing grave miscarriages of justice, such as the wrongful declaration of a deceased farmer, Rahim Ali, as a foreigner.
    • Corruption and Malpractice: Observations have been made about corruption within the system, with allegations of notices being improperly served.

    Conclusion: Need to Implement stricter oversight and auditing of Foreigners Tribunals to ensure fairness and adherence to legal procedures. Regular reviews and monitoring can help prevent corruption and malpractice, ensuring that notices are properly served and tribunal processes are transparent.

    Mains PYQ: 

    Q How far are India’s internal security challenges linked with border management particularly in view of the long porous borders with most countries of South Asia and Myanmar? (UPSC IAS/2013)

  • Forest Conservation Efforts – NFP, Western Ghats, etc.

    The issue with India’s tree planting schemes

    Why in the news? 

    India’s tree planting schemes have garnered attention as part of the country’s efforts to combat climate change and restore degraded ecosystems. However, these initiatives face several challenges and criticisms.

    Recent Trends of Special Conservation Drives:

    • Increased Initiatives: There has been a surge in global and national tree planting drives, such as the “One Trillion Project” by the World Economic Forum, Pakistan’s “10 Billion Tree Tsunami,” China’s “Great Green Wall,” and the “Bonn Challenge” to restore degraded landscapes.
    • High Media Attention: These drives often feature catchy slogans and glamorous campaigns that attract substantial media attention and public involvement.
    • Annual Events: India celebrates Van Mahotsava annually in July, aiming to promote tree planting and environmental conservation.

    Issues Associated with These Drives:

    • Limited Community Participation: Many programs lack significant involvement from local communities, affecting their effectiveness and sustainability.
    • Post-Planting Measures: Insufficient focus on post-planting care and monitoring hinders the success of tree planting efforts.
    • Monoculture Risks: Some drives promote monoculture, which can be detrimental to biodiversity and carbon sequestration.
    • Ecological Impact: Inappropriate tree planting in non-deforested areas like grasslands or animal habitats can damage ecosystems, increase wildfire risk, and exacerbate global warming.

    India’s Accountability and Challenges Toward Environmental Goals:

    • Achievements: India claims to have fulfilled its Paris Agreement commitments and achieved an additional carbon sink of 1.97 billion tonnes of CO2 equivalent.
    • Encroachment and Loss: Approximately 10 million hectares of Indian forests are under encroachment, and about 5.7 million hectares have been lost for non-forestry purposes.
    • Dependence on Forests: Nearly 27.5 crore people rely on forests for subsistence, highlighting the importance of sustainable management.
    • Restoration Goals: India aims to restore 26 million hectares of degraded forests by 2030, but faces challenges such as encroachment and the need for effective tree planting strategies.

    Way forward: 

    • Community Involvement: Need to foster local participation in tree planting drives by involving communities in planning, execution, and ongoing maintenance.
    • Monitoring and Maintenance: Try to implement robust post-planting monitoring and care systems to ensure the survival and growth of planted trees.
    • Policy and Strategy Improvements: To address criticism of mass planting drives, India needs to prioritize adequate financing, active community participation, and technical considerations in forestry and restoration strategies.
  • Capital Markets: Challenges and Developments

    Decline in popularity of Equity Linked Savings Schemes (ELSS)

    Why in the News?

    • Equity Linked Savings Schemes (ELSS) are mutual fund schemes that offer tax benefits under Section 80C of the Income Tax Act.
      • Recently, ELSS has seen a decline in popularity, with more money being withdrawn from these schemes than invested.

    What is Section 80C of the Income Tax Act?

    • Section 80C permits certain investments and expenses to be tax-exempted.
    • By well-planning the 80C investments that are spread diversely across various options like National Savings Certificate (NSC), Unit Linked Insurance Plan (ULIP), Public Provident Fund (PPF), etc., an individual can claim deductions up to Rs 1,50,000.
    • By taking tax benefits under 80C, one can avail of a reduction in tax burden.

    About Equity Linked Savings Schemes (ELSS)

    • An ELSS fund or an equity-linked savings scheme is the only kind of mutual funds eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961.
    • Investors can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes by investing in ELSS mutual funds.
    • ELSS mutual funds’ asset allocation is mostly (65% of the portfolio) made towards equity and equity-linked securities such as listed shares.
    • They may have some exposure to fixed-income securities as well.
    • These funds come with a lock-in period of 3 years only, the shortest among all Section 80C investments.
    • Being market-linked, they are subject to market risk, but may offer potentially higher returns compared to traditional tax-saving instruments like National Savings Certificate (NSC) or Public Provident Fund (PPF).

    Recent Trends in ELSS

    • In the past few months, more money has been taken out of ELSS than put in.
    • For example, last month ₹445 crore was withdrawn, while in April it was ₹144 crore.
    • In the last fiscal year, only ₹1,041 crore was invested in ELSS, compared to ₹7,744 crore the previous year.

    Impact of the New Tax Regime

    • A new tax regime was introduced in 2020-21, which is now the default option.
    • The old tax regime offered various tax exemptions and deductions, helping to reduce income tax.
    • These benefits are not available under the new tax regime, making ELSS less attractive to investors.

    PYQ:

    [2021] Indian Government Bond Yields are influenced by which of the following?

    1. Actions of the United States Federal Reserve
    2. Actions of the Reserve Bank of India
    3. Inflation and short-term interest rates

    Select the correct answer using the code given below.

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

  • Artificial Intelligence (AI) Breakthrough

    What is OpenAI’s secret Project ‘Strawberry’?

    Why in the News?

    • US-based OpenAI emerged as a major player with its AI chatbot ChatGPT, capable of answering questions and processing images.
      • OpenAI is now reportedly developing a new AI model with improved reasoning capabilities, potentially changing the AI landscape.

    What is Project Strawberry?

    • Nearly six months ago, OpenAI’s secretive Project Q* (Q-Star) gained attention for its innovative approach to AI training.
    • OpenAI is now working on a new reasoning technology under the code name “Strawberry” believed to be the new name for Project Q*.
    • Strawberry aims to enable AI models to plan ahead, autonomously search the internet, and conduct deep research.

    What are Large Language Models (LLMs)?

    • LLMs are advanced artificial intelligence (AI) systems designed to understand, generate, and process human language.
    • They are built using deep learning techniques, particularly neural networks, and are trained on vast amounts of text data.

    Difference from Existing AI Models

    • Existing Large Language Models (LLMs) can summarize texts and compose prose but struggle with common sense problems and multi-step logic tasks.
    • Current LLMs cannot plan ahead effectively without external frameworks.
    • Strawberry models are expected to enhance AI reasoning, allowing for planning and complex problem-solving.
    • These models could enable AI to perform tasks that require a series of actions over an extended time, potentially revolutionizing AI’s capabilities.

    Potential Applications of Strawberry Models

    • Advanced AI models could conduct experiments, analyze data, and suggest new hypotheses, leading to breakthroughs in sciences.
    • In medical research, AI could assist in drug discovery, genetics research, and personalized medicine analysis.
    • AI could solve complex mathematical problems, assist in engineering calculations, and participate in theoretical research.
    • AI could contribute to writing, creating art and music, generating videos, and designing video games.

    Ethical Considerations  

    • Impact on Jobs: Improved AI capabilities may intensify concerns about job displacement and the ethical implications of AI reproducing human work.
    • Power Consumption and Ethics: The vast amounts of power required to run advanced AI models raise environmental and ethical questions.

    PYQ:

    [2020] With the present state of development, Artificial Intelligence can effectively do which of the following?

    1. Bring down electricity consumption in industrial units.
    2. Create meaningful short stories and songs.
    3. Disease diagnosis.
    4. Text-to-Speech Conversion.
    5. Wireless transmission of electrical energy.

    Select the correct answer using the code given below:

    (a) 1, 2, 3 and 5 only
    (b) 1, 3 and 4 only
    (c) 2, 4 and 5 only
    (d) 1, 2, 3, 4 and 5

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