Why in the news?
As of May 17, Iran holds 408.6 kg of enriched uranium (near to the weapons-grade level) up to 60%, up sharply from 274.8 kg in February 2024, according to the International Atomic Energy Agency (IAEA).
About the International Atomic Energy Agency (IAEA):
- What it is: The IAEA is an international organization that promotes the peaceful use of nuclear energy and ensures it is not used for making nuclear weapons.
- Establishment: It was created in 1957 following U.S. President Dwight Eisenhower’s “Atoms for Peace” speech. It is autonomous but reports to the UN General Assembly and Security Council.
- Where it is based: Its headquarters is in Vienna, Austria, at the UN Office.
- Members: The IAEA has 178 member countries, including India, which was a founding member.
-
- Promote peaceful nuclear technology use.
- Prevent nuclear weapon development through safeguards.
- Set safety and security standards for nuclear plants and materials.
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- It monitors the Nuclear Non-Proliferation Treaty (NPT) to make sure countries don’t misuse nuclear materials.
- It performs inspections, gives training, and supports countries in nuclear emergencies.
- Recognition: In 2005, the IAEA won the Nobel Peace Prize for stopping the spread of nuclear weapons.
IAEA and India:
- India is a founding member: It supports the IAEA’s mission for peaceful nuclear development.
- Nuclear Reactors Monitoring: Out of 22 nuclear reactors, 14 are monitored by the IAEA. These reactors use imported uranium from Russia, Kazakhstan, and Canada.
- Obligations imposed: In 2014, under the Indo-U.S. Civil Nuclear Agreement, India accepted IAEA safeguards to show transparency.
[UPSC 2020] In India, why are some nuclear reactors kept “IAEA Safeguards” while others are not?
Options: (a) Some use uranium and others use thorium (b) Some use imported uranium, and others use domestic supplies* (c) Some are operated by foreign enterprises and others are operated by domestic (d) Some are State-owned and others are privately-owned |
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Why in the News?
A recent archaeological survey has confirmed that Daojali Hading, located in Assam’s Dima Hasao district, was a Neolithic habitation zone over 2,700 years ago.
About Daojali Hading Neolithic Site:
- Location: It is an important Neolithic archaeological site located in Dima Hasao district, Assam, within the Langting-Mupa Reserve Forest.
- How old is it: Recent surveys by a multidisciplinary team have confirmed the site as a settled Neolithic habitation zone, over 2,700 years old.
- Key discoveries:
- Furnace remains and iron slag, indicating early metallurgical activity.
- Cord-marked pottery, grinding stones, mortars and pestles, and polished stone tools such as arrowheads, celts, and adzes.
- Significance: These findings suggest that Daojali Hading was not just a tool-making site, but a functioning settlement where people lived, cooked, crafted tools, and worked with metals.

Back2Basics: Neolithic Period in India
- The Neolithic Age in India began around 7,000 B.C. and lasted until 1,000 B.C. It is the final phase of the Stone Age, following the Palaeolithic and Mesolithic Ages.
- This period is marked by:
- The beginning of settled agriculture andthe domestication of animals.
- Use of polished stone tools like axes, celts, and chisels.
- Construction of mud and reed houses, sometimes using mud bricks.
- Introduction of pottery in forms like grey ware, black burnished ware, and mat-impressed ware.
- A community lifestyle with shared ownership of land and tools.
- Neolithic people in India grew wheat, barley, rice, cotton, horse gram, and ragi, and domesticated cattle, goats, and sheep.
- They lived in circular or rectangular houses, near rivers and lakes, and relied on hunting, fishing, and early farming.
Major Neolithic Sites in India:
Region |
Site |
Key Features |
North-Western India |
Burzahom (Kashmir) |
Pit dwellings, stone tools, and animal domestication |
Gufkral (Kashmir) |
Early agriculture and handmade pottery |
North India |
Chirand (Bihar) |
Polished tools, fishing economy |
North-East India |
Daojali Hading (Assam) |
Discussed above. |
South India |
Utnur (Andhra Pradesh) |
Large stone structures, farming tools |
Pakistan (Indian Subcontinent) |
Mehrgarh (Balochistan) |
Earliest Neolithic site, settled farming, and granaries |
[UPSC 2021] Question: Consider the following pairs:
Historical place: Well known for
1. Burzahom : Rock cut shrines
2. Chandraketugarh : Terracotta art
3. Ganeshwar: Copper artefacts
Which of the pairs given above is/are correctly matched?
Options: (a) 1 only (b) 1 and 2 (c) 3 only (d) 2 and 3* |
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Why in the News?
The Valley of Flowers in Uttarakhand opened to tourists on June 1 for its annual four-month window.

About the Valley of Flowers National Park:
- Location: The park is in Chamoli district, Uttarakhand, within the Nanda Devi Biosphere Reserve.
- Altitude and Size: It covers 87 square kilometres and lies at 3,352 to 3,658 metres above sea level.
- Protected Status: Declared a National Park in 1980 and became a UNESCO World Heritage Site in 1988.
- Natural Features: Known for its colourful meadows, dense forests, waterfalls, and snow-capped mountains.
- Mountain Range: Lies in the transition zone between the Zanskar and Great Himalaya ranges.
- River System: The Pushpawati River, from the Tipra Glacier, flows through the valley into the Alaknanda River.
- Ecosystem: It is part of the Nanda Devi Biosphere Reserve, which was named a UNESCO Man and Biosphere (MAB) Reserve in 2004.
Flora and Fauna of the Valley:
- Plant Diversity: The valley has over 520–650 species of flowers like orchids, primulas, poppies, daisies, and the sacred brahmakamal.
- Flora by Altitude Zones:
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- Sub-alpine (3,200–3,500 m): Trees like maple, fir, birch, and rhododendron.
- Lower alpine (3,500–3,700 m): Shrubs like junipers, willows, and geraniums.
- Higher alpine (above 3,700 m): Mosses, lichens, and the blue Himalayan poppy.
- Animal Life: Includes rare species like the Asiatic black bear, snow leopard, musk deer, brown bear, red fox, and the Himalayan monal bird.
[UPSC 2019] Which one of the following National Parks lies completely in the temperate alpine zone?
Options: (a) Manas National Park (b) Namdapha National Park (c) Neora Valley National Park (d) Valley of Flowers National Park* |
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Why in the News?
The Jharkhand government has announced to establish its first tiger safari in the fringe area of the Barwadih Western Forest Range in Latehar district, which is part of the Palamau Tiger Reserve (PTR).
What is a Tiger Safari?
- About: A tiger safari is a tourist activity where visitors observe tigers in natural-like habitats, usually around tiger reserves.
- Legal Status: The Wildlife Protection Act, 1972 does NOT define tiger safaris but restricts construction in protected areas unless approved by the National Board for Wildlife.
- Policy Origin: The idea was formally introduced in 2012 by the National Tiger Conservation Authority (NTCA) under its tourism guidelines.
- Rules on Tiger Inclusion (2016): Initially, safaris were allowed only in buffer or fringe zones and could host rescued or conflict tigers, not zoo-bred ones.
- Amended Rules (2019): The NTCA later allowed even zoo-bred tigers, with Central Zoo Authority (CZA) in charge of animal welfare.
- Supreme Court Ruling (2024): The court ordered that safaris must be built outside core and buffer zones to protect wild habitats.
About Jharkhand’s Tiger Safari Project:
- Location: Planned in the Barwadih Western Range, outside core and buffer zones of Palamau Tiger Reserve (PTR), in line with the Supreme Court’s order.
- Animal Inclusion: Will house only rescued, injured, or orphaned tigers from various reserves and zoos — not wild tigers from PTR.
- Tourism and Employment: The project aims to boost tourism and create jobs for around 200 locals as guides and staff.
- Approval Process: The plan is still in early stages. After state Forest Department approval, a Detailed Project Report (DPR) will go to NTCA and CZA.
Back2Basics: Palamu Tiger Reserve
- It is located in Jharkhand’s Latehar and Garhwa districts, is one of India’s oldest tiger reserves, established under Project Tiger in 1973.
- Spanning over 1,014 sq. km, it features a diverse landscape of valleys, hills, plains and is nourished by rivers like the North Koel, Auranga, and Burha.
- The reserve is rich in moist and dry deciduous forests, dominated by Sal and bamboo.
- It is home to key wildlife species, including tigers, Asiatic elephants, leopards, and sloth bears.
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[UPSC 2020] Among the following Tiger Reserves, which one has the largest area under “Critical Tiger Habitat”?
Options: (a) Corbett (b) Ranthambore (c) Nagarjunsagar-Srisailam* (d) Sunderbans |
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PYQ Relevance:
[UPSC 2016] Increasing cross-border terrorist attacks in India and growing interference in the internal affairs of several member-states by Pakistan are not conducive for the future of SAARC (South Asian Association for Regional Cooperation). Explain with suitable examples.
Linkage: Pakistan is “continually finding ways and means every few years to provoke a conflict” and seeks to “bleed India by a thousand cuts”. These actions are often manifested as cross-border attacks and interference, making this question highly relevant to the conflict dynamic described in the article. This question directly addresses “cross-border terrorist attacks in India” and “interference in the internal affairs… by Pakistan”. |
Mentor’s Comment: India’s recent clash with Pakistan highlights a troubling and ongoing pattern — Pakistan’s military-led and radicalised government keeps trying to destabilise India. Even though India has a clear advantage in technology and strategy, the risk of future conflict remains high. This is due to Pakistan’s lowering nuclear threshold, rising religious nationalism, and growing ties with powerful allies. The clash also showed how modern warfare now relies heavily on technology like drones, radar, and advanced missiles. It exposed India’s weak spots, especially in space-based defence — a major concern if India faces a two-front war with both China and Pakistan.
Today’s editorial will talk about the ongoing pattern — Pakistan’s military-led and radicalised government keeps trying to destabilise India. This content would help in GS Paper II ( IR) and GS Paper III (Defence).
_
Let’s learn!
Why in the News?
The recent conflict shows that Pakistan’s military-led leadership keeps trying to find ways to disrupt or hold back India’s progress.
What drives Pakistan to provoke India repeatedly?
- Military Mindset Seeking to Undermine India’s Progress: Pakistan’s military-dominated leadership aims to weaken India continuously despite past defeats, pursuing a strategy to “bleed India by a thousand cuts.” Eg: Recurrent cross-border skirmishes and proxy insurgencies in Kashmir.
- Ideological and Religious Nationalism: Pakistan’s identity is deeply rooted in religious nationalism, seeing India’s secular democracy as its ideological enemy. Kashmir is viewed as a “jugular vein” essential to Pakistan’s national ambition. Eg: Statements by Pakistan’s army chief emphasizing Pakistan as a religious state based on the ‘Kalima’.
- Political Instability and Military Control: The military controls Pakistan’s politics, using conflict with India to legitimize its authority and distract from internal issues. Eg: Military interference in elections and sidelining of civilian leaders like Imran Khan.
Why is Pakistan’s military leadership crucial to regional peace?
- Military Dominance Over Political Power: Pakistan’s military controls key decisions, often overriding civilian government, making it the primary actor in India-Pakistan relations. Eg: The military’s role in disqualifying Imran Khan from elections and influencing the civilian leadership.
- Driver of Conflict and Peace Prospects: The military’s stance determines whether Pakistan pursues conflict or peace with India, as it often promotes hostility to maintain its influence. Eg: Recent provocations and cross-border attacks orchestrated under military leadership despite diplomatic efforts.
- Influence on Regional Stability: As a nuclear-armed force, the military’s policies significantly impact regional security and peace, especially given Pakistan’s alliance with China and involvement in proxy wars. Eg: Pakistan’s military endorsement of religious nationalism and hardline Kashmir policies increases tensions in South Asia.
How did the conflict show the role of drones and tech in warfare?
- Rise of Drone Warfare: The conflict highlighted the increased use of drones for reconnaissance and strikes, making warfare more precise and cost-effective. Eg: Pakistan deployed Turkish Songer drones, while India used Kamikaze drones for targeted responses.
- Airborne Systems & Escalation Dominance: Advanced airborne early warning systems and electronic warfare tools played a key role in gaining escalation dominance quickly. Eg: India’s use of Rafale jets supported by multi-layered air defence systems like Aakash, S-400, and Barak ensured superior aerial control.
- Integration of Tech in Modern Combat: The conflict revealed the importance of system integration, electronic countermeasures, and kill chain efficiency in tech-driven warfare. Eg: Speculation on whether a Chinese J-10C could use Pakistani radar guidance underscored interest in interoperability and tech collaboration in proxy conflicts.
Who controls Pakistan’s key decisions today?
- Pakistan’s military, specifically the Chief of Army Staff (now Field Marshal) Asim Munir, controls the country. The civilian government, led by Shehbaz Sharif, is a puppet government subordinate to the military.
- The military interferes with elections, denies political rights (e.g., to Imran Khan), and shapes Pakistan’s strategic outlook.
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Where are the gaps in India’s defence readiness?
- Lack of Space-Based Surveillance: India lacks a dedicated satellite system for real-time surveillance, early warning, and secure communication, which is critical for modern warfare. Eg: India must improve its satellite-based reconnaissance to prepare for a two-front warscenario involving Pakistan and China.
- Limited Preparedness for Two-Front War: While India’s strength is sufficient against Pakistan alone, a simultaneous conflict with China would strain resources and expose strategic vulnerabilities. Eg: The need to balance the combined capabilities of both adversaries highlights the absence of a cohesive dual-front strategy.
Way forward:
- Boost Indigenous Space and Surveillance Capabilities: India must rapidly invest in and deploy a dedicated constellation of military satellites for real-time reconnaissance, early warning, and secure communication to ensure situational awareness across borders. Eg: Collaboration between ISRO, DRDO, and private players can fast-track satellite-based surveillance systemsto monitor threats from both Pakistan and China.
- Formulate a Coherent Two-Front War Doctrine: India should develop a comprehensive dual-front military strategy, including integrated theatre commands, logistics readiness, and joint force training, to ensure faster, coordinated responses. Eg: Establishing Integrated Battle Groups (IBGs) and enhancing border infrastructure can increase India’s mobility and readiness for high-intensity, multi-front warfare.
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Why in the News?
India’s industrial output grew by only 2.7% in April 2025, the slowest pace in 8 months, showing a clear slowdown at the start of the new financial year (FY26).
What are the key reasons behind the slowdown in India’s factory output and IIP growth in April 2026?
- Weak Performance of Core Sectors: The eight core industries, which have a 40% weight in the IIP, grew by just 0.5% in April 2026, the lowest in eight months. Eg: Refinery products, steel, and cement showed subdued output, dragging overall industrial growth.
- Contraction in Mining Activity: Mining output shrank by 0.2%, marking its first contraction since August 2024, adversely affecting raw material availability for other industries. Eg: Reduced coal and mineral extraction hit electricity generation and steel production.
- Slowdown in Manufacturing and Electricity Generation: Manufacturing grew only by 3.4% (down from 4.2%) and power generation by 1.1% (down from 10.2%). Eg: Weak electricity demand and reduced industrial usage reflected sluggish overall economic activity.
- Trade and Tariff-Related Uncertainties: Global trade volatility, tariffs, and supply chain disruptions have reduced demand for export-oriented goods. Eg: Decline in orders from U.S. and EU markets affected electronics and textile manufacturing.
- Persistently Low Rural Demand: Consumer non-durables contracted for the third consecutive month, indicating weak rural consumption despite low inflation. Eg: Low sales of food and hygiene products in rural markets signal demand compression in the FMCG sector.
Why is the contraction in consumer non-durables output a concern for rural consumption trends?
- Indicates Weak Rural Demand: Consumer non-durables, such as food and hygiene products, form a major part of rural consumption. A contraction suggests low purchasing power and reduced rural spending. Eg: Declining sales of items like cooking oil, soap, and packaged food in rural areas reflect demand stagnation.
- Signals Broader Economic Distress in Agriculture-Dependent Households: Despite low inflation, rural incomes haven’t risen due to falling crop prices and below-MSP realizations. This affects demand for basic goods. Eg: Farmers selling wheat and pulses below MSP in mandis earn less, reducing their ability to buy essential goods.
- Affects Industrial and FMCG Sector Recovery: Sustained low rural consumption weakens demand for consumer non-durables, impacting production and profits in the FMCG and small-scale industries. Eg: Companies like Hindustan Unilever or Dabur see lower rural sales, leading to reduced factory output and job cuts.
How can implementing MSPs more systematically help boost rural incomes and demand?
- Ensures Price Stability and Income Security for Farmers: A guaranteed MSP reduces the risk of distress sales and provides a stable income floor for farmers, encouraging spending. Eg: If paddy is procured at the MSP instead of below-market rates, farmers are assured of fair returns, enabling them to spend on consumption and inputs.
- Enhances Rural Purchasing Power and Consumption Demand: Higher farm incomes lead to greater spending on goods and services, especially consumer non-durables, which form a bulk of rural consumption. Eg: A farmer earning better returns on wheat is more likely to purchase goods like clothing, packaged food, and household items.
- Stimulates Local Economies and Industrial Output: With higher rural demand, local businesses and FMCG industries see increased sales, encouraging higher production and employment. Eg: Higher MSP-based procurement leads to better incomes in Punjab, increasing demand for tractors, fertilizers, and daily-use goods, boosting factory output.
Who should drive capital expenditure to revive demand?
- Private Sector as the Primary Driver: The private sector must lead CapEx to create productive assets, jobs, and income, especially in manufacturing and infrastructure. Eg: Large firms investing in semiconductor plants or logistics hubs generate employment and boost demand for allied sectors.
- Government as a Catalyst through Public Investment: The government should maintain strong capital spending on infrastructure, rural development, and connectivity to crowd in private investment. Eg: Projects like Bharatmala or PM Gati Shakti improve transport networks, encouraging private factories and warehousing units to set up nearby.
- Public-Private Partnerships (PPPs) to Leverage Resources and Efficiency: PPPs can combine government support with private expertise and funding, especially in sectors like renewable energy, urban transport, and health. Eg: Hybrid Annuity Model (HAM) in road construction allows private players to build highways with shared investment risk, boosting economic activity.
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Way forward:
- Boost Rural Demand through Targeted MSP Implementation and Welfare Schemes: Ensure systematic MSP procurement and expand rural employment and income support to revive consumption of consumer non-durables and support FMCG growth.
- Accelerate CapEx through Private Investment and Strategic Public Spending: Encourage private sector-led capital expenditure in manufacturing and infrastructure, complemented by government investments in connectivity and logistics to stimulate industrial output and job creation.
Mains PYQ:
[UPSC 2016] The nature of economic growth in India in recent times is often described as a jobless growth. Do you agree with this view? Give arguments in favour of your answer.
Linkage: The concept of “jobless growth” is highly relevant in a scenario where economic expansion, or lack thereof, is debated in relation to employment generation. A slowdown in industrial output could exacerbate concerns about job creation.
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Why in the News?
A huge 600-million-year-old group of stromatolites was found in Chambaghat, Himachal Pradesh, sparking new interest in India’s ancient rocks and the early history of life on Earth.
What are Stromatolites?
Stromatolites are layered, reef-like structures formed by ancient blue-green algae called cyanobacteria. These tiny microbes trapped and bound sediments in shallow seas, creating mineral mounds over millions of years. They are some of the oldest evidence of life on Earth. |
How do they contribute to understanding Earth’s early history?
- Earliest Evidence of Life: Stromatolites, built by cyanobacteria over 3.5 billion years ago, are among the oldest records of life on Earth. Eg: Stromatolites in Australia date back to 3.6 billion years, showing microbial activity long before complex life existed.
- Oxygen Production and Atmospheric Change: Cyanobacteria in stromatolites performed photosynthesis, releasing oxygen and leading to the Great Oxidation Event(~2.4 billion years ago). Eg: This oxygenation made the atmosphere suitable for the evolution of multicellular organisms.
- Tectonic and Environmental Insights: Their presence in now-mountainous regions like Chambaghat in Himachal Pradesh, originally shallow seas, reveals tectonic shifts and lost oceans. Eg: The Chambaghat stromatolites formed in the Tethys Sea, later uplifted to the Himalayas by the collision of the Indian and Eurasian plates.
Where was the recent significant stromatolite outcrop discovered?
A large outcrop was discovered in Chambaghat, Solan district, Himachal Pradesh. It is located in the pine-clad ridges at around 5,000–6,000 feet above sea level. It belongs to the Krol Group, sedimentary rocks formed in the ancient Tethys Sea.
Why is it unique?
- Large and Well-Preserved Outcrop: The Chambaghat site features an extensive hill covered with stromatolites, not just a few isolated samples. Eg: Unlike other Indian sites where stromatolites are scattered or small, Chambaghat has a whole hill full of these structures, making it exceptional in scale and preservation.
- Relatively Young Stromatolites in a High-Altitude Location: These stromatolites date back about 600 million years and are found at an altitude of 5,000–6,000 feet above sea level. Eg: Their presence so high in the Himalayas tells a story of tectonic uplift, where ancient shallow marine depositswere pushed up from the Tethys Sea due to India’s collision with Eurasia.
- Accessible and Visible Geological Heritage: The site is easily accessible and visible to researchers, locals, and tourists, making it a prime candidate for preservationand education. Eg: Many stromatolite sites in India are obscure or hard to reach, but Chambaghat offers a natural exhibit that could help raise public awareness about Earth’s early history.
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Why is there scientific disagreement about the importance of the Chambaghat stromatolites?
- Not True Fossils but Biosedimentary Structures: Some scientists argue that stromatolites are organo-sedimentary structures, formed by trapped sediments and calcium carbonate, rather than preserved fossils of organisms. Eg: fossils are inaccurate because the original organisms are not preserved, only the structures formed by cyanobacteria.
- Common and Widespread Geological Features: Stromatolites are found all over India and globally, so some experts feel the Chambaghat stromatolites are not a rare or unique discovery. Eg: The oldest stromatolites in India, like those in Dharwad, Karnataka (2,500 million years old), and worldwide (3.6 billion years old in Australia) are much older and more significant.
- Not the Oldest or Most Unique Evidence of Life: While Chambaghat stromatolites are impressive, they are relatively young compared to other sites and not the earliest proof of life. Eg: Dr Arun Deep Ahluwalia notes that stromatolites in the Krol Belt are the youngest stromatolites, making them less important for studying the very earliest life forms.
What is the significance of preserving stromatolite sites like Chambaghat?
- Educational and Scientific Value: Preserving stromatolite sites helps in studying Earth’s early life and geological history, providing valuable insights into how oxygenation of the atmosphere led to complex life. Eg: Chambaghat’s stromatolites can be used as an exhibit for students and researchers to understand the origin of life and ancient marine environments.
- Cultural and Geoheritage Importance: Protecting these sites promotes public awareness and tourism, fostering a sense of pride and responsibility towards India’s unique geological heritage. Eg: Creating a Geoheritage Park at Chambaghat can engage locals, tourists, and schools, preserving the site while boosting local economy and education.
Way forward:
- Formal Protection and Geoheritage Park Development: Declare Chambaghat stromatolite site a protected geological monument and develop it into a Geoheritage Park to ensure conservation, promote scientific research, and boost geo-tourism.
- Public Awareness and Educational Outreach: Launch educational programs and community engagement initiatives involving schools, researchers, and local stakeholders to increase awareness about the site’s scientific and cultural significance.
Mains PYQ:
[UPSC 2021] What is Cryptocurrency? How does it affect global society? Has it been affecting Indian society also?
Linkage: The growing importance of cryptocurrency, its disruptive potential in global finance, and its implications for India, specifically mentioning India’s significant number of crypto users. This PYQ demonstrates the UPSC’s interest in the fundamental understanding and societal effects of this technology.
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Why in the News?
Prime Minister paid tributes to Lokmata Ahilyabai Holkar on her 300th birth anniversary.

About Ahilyabai Holkar:
- Early Life: Born on May 31, 1725, in Chondi village, (in erstwhile Ahilyanagar District) Maharashtra, Ahilyabai belonged to the Shephard community. Her father, a village head, taught her to read and write—rare for girls then.
- Marriage and Loss: Married to Khande Rao Holkar in 1733, she was widowed in 1754. Her father-in-law, Malhar Rao Holkar, saw her potential and stopped her from committing sati.
- Rise to power: After the deaths of her husband, father-in-law, and son, she became ruler of Malwa in 1765 with support from the Peshwa and her army.
- Capital and Leadership: She moved the capital to Maheshwar, making it a centre of culture, governance, and trade.
- Military and Administration: Ahilyabai personally led armies and appointed Tukoji Rao Holkar as military commander. She promoted justice, welfare, and agricultural growth.
Legacy and Contributions:
- Temple Restoration: Rebuilt presend-day Kashi Vishwanath Temple in 1780 and renovated shrines across India, including in Somnath, Haridwar, Pushkar, and Rameswaram.
- Pilgrim Support: Built rest houses, pilgrim shelters, and ghats to support religious travellers.
- Maheshwari Sari and Weavers: Promoted the handloom industry, empowering local weavers and women economically.
- Social Reforms: Protected widows’ rights, supported tribal communities, and ran a secular and inclusive administration.
- Cultural Patronage: Her court welcomed poets and scholars, including Moropant and Khushali Ram, making Maheshwar an intellectual hub.
- Peaceful Rule: Her 30-year reign was free from war, making Malwa a rare place of peace and prosperity in a chaotic era.
- Recognition: Jawaharlal Nehru called her an able ruler; British historian John Keay called her “The Philosopher Queen”.
- Ongoing Honour: A proposal exists to rename Ahmednagar in Maharashtra as Punyashlok Ahilyadevi Nagar in her memory.
[UPSC 2009] With reference to Stree Shakti Puraskar, for which of the following is ‘Devi Ahilya Bai Holkar Award’ given?
Options: (a) Administrative skills (b) Achievements in Scientific Research (c) Achievements in Sports and Games (d) Courage and valour* |
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Why in the News?
Scientists at Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bengaluru have developed a super-fast charging Sodium-ion battery.

About Sodium-Ion Battery and Its Working:
- What it is: Sodium-ion batteries are rechargeable batteries that use sodium (Na⁺) ions to carry electric charge, instead of lithium.
- How it works: During charging and discharging, sodium ions move between the anode (negative) and cathode (positive) — similar to how lithium-ion batteries function.
- Innovation: A sodium-ion battery developed by JNCASR uses NASICON-type chemistry, a special material structure that ensures fast ion movement and stability.
- Performance Boost: The team used nano-particles, added a carbon coating, and used aluminium doping to improve charging speed and battery life.
- Fast Charging & Long Life: The battery can charge up to 80% in 6 minutes and last over 3,000 charge-discharge cycles.
- Tested for Safety: The battery passed tests using electrochemical cycling and quantum simulations, proving it is safe and durable.
Advantages over Lithium-Ion Batteries:
- Sodium is abundant and cheaper than lithium, and it can be extracted from seawater.
- Sodium-ion batteries are safer, as they can be transported at zero voltage and used in high temperatures without risk of fire.
- They are more eco-friendly, with less environmental damage during extraction compared to lithium.
- Material costs are lower because they use aluminium instead of copper.
- India can reduce its dependence on China, which controls much of the lithium battery supply chain.
- These batteries are ideal for renewable energy applications, such as solar grids, electric vehicles, drones, and rural electrification in extreme climates.
[UPSC 2025] In the context of electric vehicles, consider the following elements:
I. Cobalt II. Graphite III. Lithium IV. Nickel
How many of the above usually make up battery cathodes?
(a) Only one (b) Only two (c) Only three * (d) All the four |
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Why in the News?
The Minister of State for Commerce and Industry inaugurated the new unified headquarters of the Quality Council of India (QCI) at the World Trade Centre in New Delhi.
About Quality Council of India (QCI):
- Establishment: QCI was set up in 1997 as an autonomous, non-profit body through a public-private partnership between the GoI and industry associations ASSOCHAM, CII, and FICCI.
- Legal Status: It is registered under the Societies Registration Act, 1860.
- Leadership: Ratan Tata was QCI’s first Chairman; the current chairman is appointed by Prime Minister.
- Parent Department: QCI works under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
- Role: Acts as India’s national accreditation body, offering independent assessments of products, services, and processes.
- Mission: To improve quality standards in key areas like education, healthcare, environment, governance, and infrastructure.
- Financial Model: It is a self-sustaining organisation, generating its own revenue without regular government funding.
Structure, Divisions, and Key Functions:
- Governing Council: A 38-member council with equal representation from government, industry, and stakeholders oversees QCI.
- Key Divisions: QCI operates through 5 major boards, each focusing on a different sector:
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- National Accreditation Board for Testing and Calibration Laboratories
- National Accreditation Board for Hospitals and Healthcare Providers
- National Accreditation Board for Education and Training
- National Accreditation Board for Certification Bodies
- National Board for Quality Promotion
- Core Activities:
- Develops accreditation systems and quality frameworks.
- Conducts third-party audits for schemes like Swachh Bharat Abhiyan and Pradhan Mantri Kaushal Vikas Yojana.
- Runs the National Quality Campaign to build a culture of quality across sectors.
- Helps boost India’s global competitiveness through quality certification and awareness initiatives.
[UPSC 2017] With reference to Quality Council of India (QCI), consider the following statements:
1. QCI was set up jointly by the Government of India and the Indian Industry.
2. Chairman of QCI is appointed by the Prime Minister on the recommendations of the industry to the Government.
Which of the above statements is/are correct?
Options: (a) 1 only (b) 2 only (c) Both 1 and 2* (d) Neither 1 nor 2 |
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Why in the News?
The 17th edition of the India–Mongolia Joint Military Exercise NOMADIC ELEPHANT is being held in Ulaanbaatar, Mongolia from May 31 to June 13, 2025.
About Exercise NOMADIC ELEPHANT:
- About: It is a bilateral military exercise between the Indian Army and the Mongolian Armed Forces.
- Launch Year: It was first conducted in 2004 in Mongolia, followed by the second edition in 2005 in Vairengte, Mizoram.
- Frequency and Hosting: The exercise is held annually, with India and Mongolia alternating as hosts.
- Recent Editions: The 15th edition was conducted in Ulaanbaatar in July 2023, and the 16th edition was held at Umroi, Meghalaya in July 2024.
Objectives and Focus:
- Interoperability: The main goal is to improve joint operational coordination between the two-armed forces.
- Terrain Focus: It trains troops for task force operations in semi-urban and mountainous regions under a UN peacekeeping mandate.
- Counter-Terrorism Training: The exercise enhances capabilities in counter-terrorism and counter-insurgency operations.
- Regional Cooperation: It helps build mutual trust, encourages regional peace, and supports strategic cooperation.
[UPSC 2008] ‘Hand-in-Hand 2007’, a joint anti-terrorism military training was held by the officers of the Indian Army and officers of the Army of which one of the following countries?
Options: (a) China (b) Japan (c) Russia (d) USA* |
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Why in the News?
The Ministry of Statistics and Programme Implementation (MoSPI) released two important data sets on May 30, 2025 — one for India’s GDP growth in Q4 (January–March) FY25, and another for the provisional estimates for the entire FY25 (2024–25).
How is Economic Growth measured?
- Gross Domestic Product (GDP) measures economic growth by adding all expenditures in the economy — including private, government, and business spending. It shows demand-side performance.
- Gross Value Added (GVA) measures the supply-side. It calculates how much value is added by each sector of the economy.
- GDP and GVA are related:
GDP = GVA + (Taxes) – (Subsidies)
- MoSPI reports both in:
- Nominal terms: Includes current prices.
- Real terms: Adjusted for inflation to reflect true growth.
Why are these Estimates called “Provisional”?
- GDP estimates are revised in stages:
- January: First Advance Estimates (FAE)
- February: Second Advance Estimates (SAE)
- May: Provisional Estimates (PE)
- Final figures come later:
- First Revised Estimate: After 1 year
- Final Estimate: After 2 years
- FY25’s final numbers will come in 2026 and 2027.
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Key Takeaways from FY25 Data
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- India’s economy is now worth ₹330.7 lakh crore or $3.87 trillion.
- GDP grew by 9.8%, which is slower than in previous years.
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- After removing inflation, real GDP grew by 6.5%.
- This is slower than the 9.2% growth seen last year (as mentioned in the Provisional Estimates). (Disputed: India’s real GDP growth rate was 8.2% in FY 2023-24 as per Economic Survey.)
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- Agriculture grew well at 4.6%.
- Manufacturing grew only 4.5%, which is a concern.
- Construction was strong with 9.4% growth.
- Services grew by 7.2%.
-
- Manufacturing is growing slower than agriculture.
- This is affecting urban jobs, especially for youth.
- Best Growth in Jan–Mar 2025 (Q4):
-
- GDP growth was 7.4% in Q4 — the highest for the year.
- Construction grew fastest at 10.8%.
- Agriculture and Services also did well.
-
- People spent more — household spending rose 7.2%.
- Investment in assets grew 7.1%, slower than last year.
[UPSC 2015] With reference to Indian economy, consider the following statements:
(1) The rate of growth of Real Gross Domestic product has steadily increased in the last decade. (2) The Gross Domestic product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above is/are correct?
Options: (a) 1 only (b) 2 only* (c) Both 1 and 2 (d) Neither 1 nor 2 |
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PYQ Relevance:
[UPSC 2020] National Education Policy 2020 is in conformity with the Sustainable Development Goal-4 (2030). It intends to restructure and reorient education system in India. Critically examine the statement.
Linkage: A key focus of the NEP 2020 is the strengthening and formalization of Early Childhood Care and Education (ECCE), recognizing its foundational importance. Therefore, critically examining the NEP 2020 directly relates to the concept of “rewriting the script” for education, including ECE. |
Mentor’s Comment: Lack of proper early childhood care and education (ECE) increases inequality, affecting children’s brain development, learning ability, and future income. Nobel Prize winner James Heckman’s research shows that investing in young children gives the best returns. This highlights the need for urgent systemic changes. Some states like Uttar Pradesh, Odisha, and Madhya Pradesh are already making progress with innovative ECE programmes. These small but focused steps in early childhood can help break the cycle of poverty and help India fully benefit from its young population by 2047.
Today’s editorial will talk about the early childhood care and education (ECE) . This content would help in GS Paper II ( Policy Making & Education).
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Let’s learn!
Why in the News?
India’s silent but urgent employment crisis is rooted not just in the lack of jobs, but in the lottery of birth that disadvantages millions of children from the outset. So, smart spending on early childhood education and involving parents will support young children in learning better.
What is the lottery of birth?
- The “lottery of birth” refers to the idea that a child’s future is largely shaped by the circumstances into which they are born, such as: Family income, Geographic location, Caste, gender, or religion, Access to health, nutrition, and education.
- These are factors beyond the child’s control but can determine their opportunities, development, and life outcomes.
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What is the significance of the “lottery of birth” in shaping a child’s future in India?
- Determines Access to Basic Needs Early On: A child born into poverty often lacks access to adequate nutrition, healthcare, and early learning, which are essential for cognitive and physical development. Eg: A child born in a rural poor household may suffer from malnutrition and poor school readiness, limiting long-term potential.
- Creates Early Learning and Earning Gaps: By age 5, differences in language, numeracy, and motivation are already visible, making it harder for disadvantaged children to catch up in school and later in life. Eg: Only 15% of pre-primary children could match basic objects, and 30% could identify larger and smaller numbers, indicating early learning gaps.
- Perpetuates Intergenerational Poverty: Children born into poverty often remain trapped in low-opportunity environments, repeating the cycle into adulthood due to limited human capital development. Eg: Without quality early education, a poor child is far less likely to complete schooling or access skilled employment, thus continuing the poverty cycle.
Why is early childhood care and education (ECE) considered a high-return investment?
- Highest Returns on Human Capital Investments: The Heckman Curve shows that investments in ECE yield the greatest returns compared to later stages of education or training. Eg: For every $1 spent on ECE, the return ranges between $7 to $12, through better education, health, and reduced crime.
- Long-Term Economic and Social Benefits: Quality ECE leads to higher lifetime earnings, better employment, and improved life outcomes, helping individuals and economies thrive. Eg: Children with access to quality ECE are 4 times more likely to earn higher incomes and 3 times more likely to own a home as adults.
- Bridges Early Learning Gaps and Boosts School Readiness: ECE helps close learning gaps caused by poverty, ensuring children enter school prepared, reducing dropouts and remedial education costs. Eg: States like Odisha are launching Shishu Vatikas to prepare 5–6-year-olds for formal schooling, improving readiness and future learning outcomes.
Who are the key stakeholders responsible for improving ECE outcomes in India?
- Anganwadi workers and government pre-primary school teachers are frontline educators.
- State governments are responsible for hiring dedicated ECE teachers and creating infrastructure.
- Parents and caregivers play a crucial role in reinforcing learning at home.
- Supervisors and training institutions ensure quality and pedagogy through monitoring and capacity building.
- The Government of India provides funding and policy direction, though current spending is limited (₹1,263 per child annually).
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Where are Indian states like Uttar Pradesh and Odisha making notable ECE interventions?
- Uttar Pradesh: Hiring of ECE Educators and Teacher Training: Uttar Pradesh is recruiting nearly 11,000 Early Childhood Care and Education (ECE) educators for Balavatikas across districts. The state also held a six-day residential training for 50 master trainers from 13 districts to improve ECE pedagogy. Eg: These trained master trainers will cascade the training to other educators, ensuring quality instruction in early years.
- Odisha: Launch of Shishu Vatikas and Jaduipedi Kits: Odisha is setting up Shishu Vatikas in all government schools to prepare children aged 5–6 for formal schooling. The state also introduced Jaduipedi Kits — play-based learning materials to enhance school readiness. Eg: These initiatives are aligned with NEP 2020 and help improve early learning outcomes through structured activities.
How can parental involvement improve the effectiveness of early learning initiatives?
- Strengthens Learning Continuity at Home: When parents engage in their child’s early education, it reinforces what is taught at ECE centres, ensuring consistent learning both at home and school. Eg: Providing simple worksheets or storybooks for home use helps children practice and retain concepts better.
- Improves Child Motivation and Confidence: Active parental involvement boosts a child’s sense of security, motivation, and self-esteem, making them more eager to learn. Eg: In Madhya Pradesh, programmes like Bal Choupal involve parents in play-based activities, which positively impact children’s classroom participation.
- Bridges Knowledge Gaps through Technology: Digital tools like WhatsApp groups or EdTech apps help parents access learning tips, track progress, and support their child’s development, especially where formal education resources are limited. Eg: Parents receiving weekly learning activities via smartphones are better equipped to support foundational skills like language and numeracy.
What are the steps taken by the Indian government?
- Integration of ECE in National Education Policy (NEP) 2020: The NEP 2020 recognizes early childhood education as a critical foundation and proposes a new 5+3+3+4 curriculum structure, where the first five years focus on foundational learning (ages 3–8). Eg: Introduction of the “Foundational Literacy and Numeracy” mission (NIPUN Bharat) to ensure basic learning outcomes by Grade 3.
- Expansion and Strengthening of Anganwadi Centres: The government has focused on upgrading 14 lakh Anganwadi centres across India to serve as key delivery points for ECE, nutrition, and health services. Eg: POSHAN Abhiyaan supports capacity-building of Anganwadi workers and provides teaching-learning material to improve preschool education quality.
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Way forward:
- Increase Investment and Improve Infrastructure in ECE: The government should significantly raise funding per child for early childhood education to ensure adequate instructional time, trained teachers, and quality learning materials. Strengthening infrastructure, including more Anganwadi centres and pre-primary schools with dedicated educators, will help bridge existing gaps and improve learning outcomes.
- Enhance Parental Engagement and Community Participation: Empower parents with awareness, guidance, and digital tools to participate in their children’s early learning. Community-based programs like Bal Choupal should be expanded nationwide, and EdTech solutions leveraged to provide continuous support, creating a strong home-school learning ecosystem.
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Why in the News?
The container ship MSC Elsa 3 sank off the coast of Kochi on May 24, triggering a major environmental and maritime safety crisis that could turn into one of India’s worst maritime pollution disasters.
What led to the sinking of MSC Elsa 3?
- Operational Failure at Sea: On May 24, MSC Elsa 3 began tilting off the coast of Kochi due to an unspecified operational problem. Despite attempts by the crew, the ship could not be stabilised.
- Aging Vessel and Abandonment by Crew: Although structurally considered safe, the ship was nearly 30 years old. The crew abandoned it after unsuccessful efforts to right it, leading to its eventual sinking.
- Unfavourable Sea Conditions: Monsoon-related rough weather worsened the situation, with containers dislodging and floating, further destabilising the vessel before it sank to a depth of 50 metres.
Why are the sunken containers considered hazardous?
- Reactive Chemicals: Some containers hold substances that react dangerously with water, posing immediate chemical and fire hazards. Eg: 12 containers had calcium carbide, which reacts with seawater to produce acetylene gas, a highly flammable and explosive compound.
- Toxic Leakage: Leaked substances from damaged containers can pollute seawater and pose health hazards to marine life and humans. Eg: A container with rubber solution leaked and reacted with seawater, leading to the appearance of plastic pellets along the Kerala coast.
- Long-Term Environmental Impact: Chemicals from sunken containers can gradually seep out, causing persistent marine pollution and ecological damage. Eg: If not retrieved, chemicals from these containers may enter the food chain, harming marine biodiversity and impacting fisheries.
Who handles oil spill response in India?
The Indian Coast Guard is the nodal agency under the National Oil Spill Disaster Contingency Plan (NOS-DCP). |
How does this incident test India’s maritime disaster readiness?
- Inter-agency Coordination: Effective disaster response requires smooth coordination between multiple agencies such as the Coast Guard, pollution control boards, and port authorities. Eg: In the 2017 Chennai oil spill, response was delayed due to confusion and poor coordination, leading to severe coastal damage.
- Emergency Response Infrastructure: The ability to quickly deploy salvage teams, pollution control equipment, and monitoring systems is essential. Eg: After MSC Elsa 3 sank, authorities had time to prepare, making it a critical test of India’s readiness to act swiftlybefore oil or chemicals leak.
- Policy Implementation and Preparedness: Real-time implementation of national plans and compliance with international protocols demonstrate operational strength. Eg: The National Oil Spill Disaster Contingency Plan (NOS-DCP) designates the Coast Guard as the nodal agency, and this incident checks how well the plan is executed.
What are the steps taken by the Indian Government?
- Activation of Nodal Agencies: The Indian Coast Guard has been designated as the nodal agency under the National Oil Spill Disaster Contingency Plan (NOS-DCP) to coordinate the response. Eg: In the MSC Elsa 3 case, the Coast Guard is actively engaged in monitoring oil leakage and coordinating salvage efforts.
- Deployment of Salvage Operations: Salvage teams are being engaged following international insurance protocols to prevent further environmental damage. Eg: Authorities have mobilised professional salvers to safely retrieve containers and prevent hazardous leaks from the sunken ship.
- Monitoring and Cleanup Measures: Environmental agencies have been tasked with identifying and addressing the pollution caused, including plastic pellets and chemical residues. Eg: The Kerala government is coordinating with central pollution control authorities to manage the shoreline impactand protect marine life.
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Way forward:
- Strengthen Maritime Hazard Protocols and Container Screening: India must enforce stricter pre-shipment screening of cargo for hazardous materials and mandate real-time tracking of containers carrying reactive or toxic substances.
- Enhance Rapid Response Infrastructure and Inter-agency Coordination: Develop a unified maritime disaster response framework with clearly defined roles for all agencies — Coast Guard, pollution boards, port authorities, and state governments.
Mains PYQ:
[UPSC 2022] Discuss in detail the photochemical smog emphasizing its formation, effects and mitigation. Explain the 1999 Gothenburg Protocol.
Linkage: The MSC Elsa 3 incident directly involves environmental pollution, specifically marine pollution from hazardous cargo and fuel oil, necessitating mitigation efforts. This question reflects the UPSC’s interest in environmental pollution issues.
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Why in the News?
The MoU signed between Pakistan’s newly created Crypto Council and World Liberty Financial Inc. (WLFI)—a company linked to the Trump family—signals a dramatic pivot by Pakistan toward digital assets, despite its economic fragility.
What are the key objectives of the Pakistan-WLFI crypto collaboration?
- Promote Financial Inclusion: Use blockchain technology to increase access to financial services across Pakistan. Eg: The Pakistan Crypto Council aims to leverage blockchain for wider economic participation despite the country’s economic challenges.
- Monetise National Assets: Utilize crypto to unlock value from untapped resources like rare earth minerals. Eg: Plans include using blockchain to help Pakistan capitalise on rare earth deposits for economic growth.
- Establish Pakistan as a Crypto Hub: Position Pakistan as a regional leader in cryptocurrency trade and stablecoin usage for remittances. Eg: The MoU with WLFI includes introducing stablecoins to facilitate trade and remittances, boosting Pakistan’s role in the regional crypto market.
Why is the Trump administration supporting cryptocurrencies in its second term?
- Reposition US as a Global Leader in Digital Assets: Trump aims to make the US a frontrunner in blockchain innovation and cryptocurrency adoption. Eg: Issued executive orders promoting a national blockchain strategy and reducing regulatory hurdles.
- Maintain US Dollar Dominance: By supporting dollar-backed stablecoins and banning central bank digital currencies (CBDCs), Trump seeks to preserve the US dollar’s global supremacy. Eg: The creation of the Strategic Bitcoin Reserve to hold government-seized crypto assets as national reserves, similar to gold.
- Encourage Crypto Industry Growth and Innovation: Trump reversed previous skepticism to foster a pro-crypto environment, appointing industry-friendly figures to key roles. Eg: Inclusion of pro-crypto leaders like Elon Musk and David Sacks and pausing enforcement actions against major exchanges like Coinbase.
How might Pakistan’s crypto ambitions affect India’s economic and security interests?
- Risk of Cross-Border Money Laundering and Terror Funding: Pakistan’s use of decentralized cryptocurrencies may facilitate untraceable financial flows that could fund terrorism and illicit activities affecting India’s security. Eg: Concerns over digital currencies being misused to fund terror networks across borders.
- Strategic Economic Competition in the Crypto Space: Pakistan’s push to become a regional crypto hub could challenge India’s position in the growing digital asset market and impact economic influence in South Asia. Eg: Pakistan’s plans to monetise national assets and promote crypto adoption with support from WLFI.
- Leverage of Diaspora and Technology for Geopolitical Influence: Pakistan is engaging its diaspora and tech entrepreneurs to strengthen ties with the US and advance its crypto ambitions, potentially shifting regional power dynamics. Eg: Appointment of a British Pakistani entrepreneur to lead crypto regulation and influence policy, signaling increased geo-economic influence via digital currencies.
When did the Indian Supreme Court raise concerns about the lack of a crypto regulatory framework?
During the hearing of Shailesh Bhatt’s bail petition in early 2025: The Supreme Court highlighted the absence of a clear regulatory framework governing cryptocurrencies in India. The Court remarked on the paradox of taxing crypto assets without proper regulation. |
Way forward:
- Develop a Comprehensive Crypto Regulatory Framework: India should establish clear, balanced regulations to promote innovation, protect investors, and curb illicit activities in the crypto space.
- Enhance Cross-Border Collaboration and Monitoring: Strengthen international cooperation to monitor and prevent misuse of cryptocurrencies for money laundering and terrorism financing, while fostering responsible crypto adoption.
Mains PYQ:
[UPSC 2021] What is Cryptocurrency? How does it affect global society? Has it been affecting Indian society also?
Linkage: The growing importance of cryptocurrency, its disruptive potential in global finance, and its implications for India, specifically mentioning India’s significant number of crypto users. This PYQ demonstrates the UPSC’s interest in the fundamental understanding and societal effects of this technology.
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Why in the News?
A new plant species named Pedicularis rajeshiana has been discovered in the western Himalayas of India.
About Pedicularis rajeshiana:
- Discovery: It is a newly discovered plant species found at Rohtang Pass, Himachal Pradesh, at an altitude of 4,390 metres.
- Research Publication: The discovery was made by a scientist from the Botanical Survey of India (BSI), Dehradun, and published in the journal Phytotaxa.
- Plant Family: It belongs to the Orobanchaceae family and is part of the Lousewort group of plants.
- Plant Type: It is a hemiparasitic plant, meaning it draws some nutrients from nearby plants but also performs photosynthesis.
- Habitat: Grows on shaded, rocky mountain slopes, making it rare and possibly endangered due to its specific environment.
- Diversity: With this addition, India now has 83 Pedicularis species, including 36 in the western Himalayas.
Key Features of the Plant:
- Unique Floral Structure:
- Flowers have a deeply cut lower lip and stamens at three different levels — a very rare combination.
- Some flowers show a twin galea (double hood), never observed before in this genus, possibly an evolutionary trait to enhance pollination.
- Microscopic Details: Pollen grains have a croton-like texture and a distinct shape, confirmed through microscope studies.
- Distinctiveness: Compared to related species like P. porrecta and P. heydei, this plant is smaller, with fewer flowers and leaflets.
[UPSC 2018] Why is a plant called Prosopis juliflora often mentioned in news?
Options: (a) Its extract is widely used in cosmetics. (b) It tends to reduce the biodiversity in the area in which it grows. * (c) Its extract is used in the synthesis of pesticides. (d) (None of the above. |
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Why in the News?
OpenAI has announced its readiness for a future Initial Public Offering (IPO).
Laws Governing IPOs in India:
- SEBI Act, 1992: Empowers SEBI to regulate capital markets and IPO processes.
- Companies Act, 2013: Governs company formation, prospectus rules, and disclosure norms.
- SEBI (ICDR) Regulations, 2018: Specifies detailed rules on IPO eligibility, pricing, disclosure, and allotment.
- Securities Contracts (Regulation) Act, 1956: Regulates the listing and trading of securities on stock exchanges.
- SEBI (LODR) Regulations, 2015: Mandates continuous disclosure requirements and corporate governance standards for listed companies.
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What is an IPO?
- Definition: An IPO is when a private company offers its shares to the public for the first time.
- Objective: It marks the company’s move to become a publicly listed company on a stock exchange.
- End Goal: Through an IPO, companies raise money from investors, and the public gets a chance to become shareholders.
How is an IPO Listed in India?
- Regulatory Filing: A company must file an offer document with SEBI (Securities and Exchange Board of India).
- Offer Document Includes:
- Details of the company and promoters.
- Financial history and business goals.
- The reason for raising capital and IPO structure.
- SEBI Approval: After review, SEBI gives permission for the listing process to begin.
IPO Eligibility & Pricing:
- Eligibility Criteria (SEBI Rules):
- Minimum Rs 3 crore in tangible assets in the last 3 years.
- Minimum Rs 1 crore in net worth each year for 3 years.
- Rs 15 crore average pre-tax profit in at least 3 out of the last 5 years.
- Who sets the Price:
- The company and its merchant banker decide the price based on valuation.
- Factors include assets, profits, and future growth.
- SEBI does NOT fix IPO prices.
Who can invest in an IPO?
- Eligibility: Anyone 18 years or older with a brokerage account can apply.
- Investor Categories:
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- Qualified Institutional Buyers (QIBs): Mutual funds, banks, insurance firms, FPIs, etc.
- Retail Investors: Individuals investing up to Rs 2 lakh.
- High Net Worth Individuals (HNIs): Investing more than Rs 2 lakh.
[UPSC 2025] Consider the following statements:
I. India accounts for a very large portion of all equity option contracts traded globally, thus exhibiting a great boom.
II. India’s stock market has grown rapidly in the recent past, even overtaking Hong Kong’s at some point in time.
III. There is no regulatory body either to warn small investors about the risks of options trading or to act on unregistered financial advisors in this regard.
Which of the statements given above are correct?
Options: (a) I and II only* (b) II and III only (c) I and III only (d) I, II and III |
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Why in the News?
The Union Cabinet has approved the continuation of the Interest Subvention (IS) component under the Modified Interest Subvention Scheme (MISS) for the financial year 2025–26.
About Modified Interest Subvention Scheme (MISS):
- Central Sector Scheme: It helps farmers get low-interest short-term loans through the Kisan Credit Card (KCC).
- Nodal Agencies: The scheme is monitored by RBI and NABARD and implemented through Public Sector Banks, RRBs, Cooperative Banks, and Private Banks.
- Loan Details:
- Borrowing Limit: Farmers can borrow up to ₹3 lakh at 7% interest.
- Interest Support: Banks get 1.5% interest support from the government, helping them offer cheaper loans.
- Extra Discount: Farmers who repay on time get a 3% Prompt Repayment Incentive, reducing their effective interest rate to 4%.
- For Livestock & Fisheries: Loans up to ₹2 lakh also qualify for this benefit.
- Digital Support: The Kisan Rin Portal (KRP), launched in August 2023, improves transparency and tracking of loan disbursal.
Back2Basics: Kisan Credit Card (KCC) Scheme
- Launch: Started in 1998 based on the R.V. Gupta Committee’s recommendation.
- Who implements it: Managed by Commercial Banks, RRBs, Cooperative Banks, and Small Finance Banks.
- Purpose and Uses:
- Gives quick and easy loans for crop expenses, post-harvest needs, and household costs.
- Supports dairy, poultry, fisheries, and other allied activities.
- Offers credit for farming-related business investments.
- Key Features:
- Collateral-free loans up to ₹2 lakh.
- Interest rates as low as 4% with timely repayment (under MISS).
- Loan limit raised to ₹5 lakh in Budget 2025–26.
- Uses a revolving credit system — farmers can borrow and repay as needed.
- Flexible repayment is aligned with crop cycles to reduce stress.
- Additional Benefits:
- Includes crop insurance under PM Fasal Bima Yojana (PMFBY).
- Since 2018–19, also covers farmers in animal husbandry and fisheries.
- Helps farmers avoid moneylenders, promoting financial inclusion.
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[UPSC 2020] Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
1. Working capital for maintenance of farm assets
2. Purchase of combine harvesters, tractors and mini truck
3. Consumption requirements of farm households
4. Post-harvest expenses
5. Construction of family house and setting up of village cold storage facility
Select the correct answer using the code given below:
Options: (a) 1, 2 and 5 only (b) 1, 3 and 4 only* (c) 2, 3, 4 and 5 only (d) 1, 2, 3, 4 and 5 |
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Why in the News?
The Prime Minister paid tributes to Veer Savarkar on his birth anniversary on May 28th.
About Veer Savarkar: Life, Contributions, and Legacy
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Details |
Who was Veer Savarkar? |
• Born on May 28, 1883, in Bhagur, Maharashtra,
• Founded the Abhinav Bharat Society (1904) with his brother Ganesh Damodar Savarkar for armed resistance.
• Led India House in London (1906) and the Free India Society.
• Arrested in 1910, sentenced to life imprisonment in Cellular Jail (Kala Pani, Andaman & Nicobar Islands).
• Became President of the Hindu Mahasabha (1937-1943).
• Died on February 26, 1966, after fasting till death. |
His Contributions |
• Advocated armed revolution against British rule.
• Coined Hindutva (1923), defining Indian identity beyond religion.
• Opposed Partition, emphasizing Hindu political unity.
• Championed military nationalism over passive resistance.
• Writings and ideology influenced Indian nationalist movements. |
Literary Works |
• The First War of Indian Independence (1909): Reinterpreted the 1857 Revolt as a nationalist struggle.
• Hindutva: Who is a Hindu? (1923): Laid the ideological foundation of Hindutva.
• My Transportation for Life (1950): Memoirs of his imprisonment in Cellular Jail.
• Six Glorious Epochs of Indian History: Advocated Hindu resistance against foreign invaders. |
Controversies |
• Gandhi Assassination Case (1948): Arrested but acquitted due to lack of evidence.
• Mercy Petitions (1911-1924): Wrote clemency petitions for early release from prison, debated as tactical or compromising.
• Opposition to Quit India Movement (1942): Rejected Gandhi’s call, favoured military strength over civil disobedience.
• Hindutva Ideology: Critics claim it fostered religious divisions, while supporters see it as reviving Hindu identity. |
[UPSC 2008] During the Indian Freedom Struggle, who of the following raised an army called ‘Free Indian Legion’?
Options: (a) Lala Hardayal (b) Rashbehari Bose (c) Subhas Chandra Bose * (d) V.D. Savarkar |
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Why in the News?
The Kerala Cabinet is exploring the legal possibility of introducing a bill to permit scientific and regulated culling of wild animals, particularly feral boars.
What are Vermins?
- Definition: Vermins are animals considered harmful or nuisance-causing because they damage crops, threaten livestock, or pose risks to human life and property.
- Examples: Common vermins include rats, mice, common crows, and fruit bats.
- Legal Effect: When an animal is classified as vermin, it loses legal protection and becomes exempt from conservation safeguards.
Provisions Related to Vermin in Wildlife Protection Act (WPA), 1972:
- Schedule V: Lists animals classified as vermin, which can be hunted freely.
- Section 62: Allows the central government to declare any wild animal (except those in Schedule I and Part II of Schedule II) as vermin for a specified area and time period.
- Protection Status: Once declared vermin, the animal is treated as a Schedule V species, losing protection.
- Exclusions: Animals in Schedules I and II (e.g., tigers, elephants) enjoy the highest protection and cannot be declared vermin.
- Section 11: Chief Wildlife Wardens can allow trapping, capture, or killing of animals like wild boars in cases of public safety or property damage.
- Wildlife Protection (Amendment) Act, 2022:
- Reduction of Schedules: From six to four, with Schedule V has been removed.
- Direct Declaration Power: It allows the Centre to directly declare any species (except those in Schedule I) as vermin, enabling broader culling without the older categorisation system.
How are Vermins Declared?
- State Initiation: The state sends a formal request to the Ministry of Environment, Forest and Climate Change (MoEFCC).
- Declaration: If justified, the Centre issues a notification, declaring the species vermin for a specific region and time frame.
- Temporary Status: This declaration is not permanent and applies only to the area and time mentioned.
- Examples:
- Wild boar in Uttarakhand
- Nilgai (blue bull) in Bihar
- Rhesus monkeys in Himachal Pradesh
[UPSC 2024] Consider the following statements:
Statement-I: The Indian Flying Fox is placed under the “vermin” category in the Wild Life (Protection) Act, 1972.
Statement-II: The Indian Flying Fox feeds on the blood of other animals. Which one of the following is correct in respect of the above statements?
Options: (a) Both statement I and Statement II are correct and statement II explains statement I (b) Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I (c) Statement- I is correct , but Statement II is incorrect* (d) Statement-I is incorrect, but Statement-II is correct |
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