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  • Deep Sea Faunal Diversity in India

    India is home to 4,371 species of deep-sea fauna, including 1,032 species under the kingdom Protista and 3,339 species under the kingdom Animalia, a recent publication by the Zoological Survey of India (ZSI) has revealed.

    Highlights of the Survey

    • India is surrounded by the Arabian Sea, the Bay of Bengal, the Andaman Sea, and the Laccadive Sea (Lakshadweep Sea).
    • Of the 4,371 species, a maximum of 2,766 species has been reported from deep-sea areas of the Arabian Sea, followed by 1,964 species from the Bay of Bengal, 1,396 species from the Andaman Sea, and only 253 species from the Laccadive Sea.

    RIMS ship investigator

    • India is one of the countries that made a pioneering exploration in the deep Indian Ocean region in 1874 by commissioning a RIMS (Royal Indian Marine Survey) ship investigator.
    • This conducted enormous studies in seas around India and continued to work till 1926.

    Components of the exploration

    • The deep-sea ecosystem was the most unexplored ecosystem across the world. It included hydrothermal vents, submarine canyons, deep-sea trenches, seamounts, cold seeps, and mud volcanoes.
    • This publication, the first of its kind, provides baseline information on all groups of fauna and biological organisms in the Indian deep seas.
    • Not only will this support our knowledge on conserving and managing deep-sea faunal resources, but it will also pave way for their sustainable utilization.

    Key findings

    (1) Mammals

    • There are 31 species of sea mammals that are found in the deep-sea ecosystem of Indian waters, including the Critically Endangered Irrawaddy Dolphin.
    • Two other species, the Indo-Pacific Finless Porpoise and the Sperm Whale are recorded as ‘Vulnerable’ in the IUCN classification.
    • The list of mammals includes Cuvier’s Beaked Whale and Short-beaked Common Dolphin, which dive as deep as 8,000 meters below the Earth’s surface.

    (2) Marine turtles

    • Out of the seven species of marine turtles found across the world, five species have been recorded from Indian waters.
    • India is known as one of the best and largest breeding grounds for sea turtles, especially for Olive Ridley and Leatherback Turtles, across the world.
  • China’s 17+1 Cooperation Forum

    Lithuania has decided to quit China’s 17+1 cooperation forum with central and eastern European states that include other EU members, calling it “divisive”.

    About 17+ 1 Forum

    • The forum is an abbreviation for Cooperation between China and Central and Eastern European Countries.
    • It is an initiative by the Chinese Ministry of Foreign Affairs to promote business and investment relations between China and 16 countries of CEE (CEEC).
    • The countries are Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Greece, Hungary, Latvia, North Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia.
    • The format was founded in 2012 in Warsaw to push for the cooperation of the “17+1” (the 17 CEE countries and China).
    • Its goals are to promote the Chinese Belt and Road Initiative and enhance cooperation in the fields of infrastructure, transportation, and logistics, trade and investment”.
  • Indian SARS-CoV-2 Genomic Consortia (INSACOG)

    In early March, members of the Indian SARS-CoV-2 Genomic Consortia (INSACOG), an advisory group to the Central government, warned of a new and contagious form of the novel coronavirus.

    What is INSACOG?

    • INSACOG is a consortium of 10 labs across the country tasked with scanning COVID-19 samples from swathes of patients and flagging the presence of variants that were known to have spiked transmission internationally.
    • It has also been tasked with checking whether certain combinations of mutations were becoming more widespread in India.
    • Some of these labs had begun scanning for mutations in April 2020 itself, but it was not a pan-India effort.
    • The institutes involved were laboratories of the Department of Biotechnology, the CSIR, the ICMR, and the Ministry of Health & Family Welfare (MoHFW).
    • The National Centre for Disease Control (NCDC) under the MoHFW was tasked with coordinating the collection of samples from the States as well correlating disease with the mutations.
    • The work began in January by sequencing samples of people who had a history of travel from the United Kingdom and a proportion of positive samples in the community.

    What are the findings?

    • The “foreign” variants identified were primarily the B.1.1.7 (first identified in the United Kingdom) and the B.1.351 (first found in South Africa) and a small number of P2 variants (from Brazil).
    • However, some labs flagged the growing presence of variants identified in India that were clubbed into a family of inter-related variants called B.1.617, also known as the ‘double mutant’ variant.
    • It was primarily due to two mutations — E484Q and L452R — on the spike protein.
    • The B.1.617 family was marked as an international ‘variant of concern’ after it was linked to a recent spike in cases in the UK.
    • INSACOG labs also found that the B.1.1.7 variant, which is marked by increased infectivity, is distinctly more prevalent in several northern and central Indian States in comparison to southern States.

    Beyond identifying patterns, why is genome sequencing useful?

    • The purpose of genome sequencing is to understand the role of certain mutations in increasing the virus’s infectivity.
    • Some mutations have also been linked to immune escape, or the virus’s ability to evade antibodies, and this has consequences for vaccines.
    • Labs across the world, including many in India, have been studying if the vaccines developed so far are effective against such mutant strains of the virus.
    • They do this by extracting the virus from COVID-19-positive samples and growing enough of it. Then, blood serum from people who are vaccinated, and thereby have antibodies, is drawn.
    • Using different probes, scientists determine how much of the antibodies thus extracted are required to kill a portion of the cultured virus.
    • In general, the antibodies generated after vaccination — and this was true of Covaxin, Covishield, Pfizer and Moderna jabs — were able to neutralize variants.
    • Antibody levels are not the only markers of protection and there is a parallel network of cellular immunity that plays a critical role in how vaccines activate immunity.
    • The current evidence for most COVID-19 vaccines is that they have almost 75% to 90% efficacy in protecting against disease but less so in preventing re-infection and transmission.

    Challenges faced by INSACOG

    • Given that the novel coronavirus is spreading, mutating, and showing geographical variations, the aim of the group was to sequence at least 5% of the samples.
    • For many reasons, this has so far been only around 1%, primarily due to a shortage of funds and insufficient reagents and tools necessary to scale up the process.
    • While some of these issues, the INSACOG, in spite of being peopled by expert scientists, is ultimately an advisory group to the Central government and part of its communication structure.
    • Warnings about emerging variants were not made public with sufficient urgency and the sharing of datasets, even within constituent groups of the INSACOG, was less than ideal.
  • Eruption of Mount Nyiragongo

    Thousands have fled a volcanic eruption in the Democratic Republic of Congo from Mount Nyiragongo on the outskirts of Goma City.

    These were some volcanoes in news this year:

    Mount Vesuvius, Taal Volcano, La Soufriere

    Mount Nyiragongo

    • Mount Nyiragongo is an active stratovolcano with an elevation of 3,470 m (11,385 ft) in the Virunga Mountains associated with the Albertine Rift.
    • The main crater is about 2km wide and usually contains a lava lake.
    • The crater presently has two distinct cooled lava benches within the crater walls.
    • It is one of the 16 Decade Volcanoes.
    • Nyiragongo’s lava lake has at times been the most voluminous known lava lake in recent history. The depth of the lava lake varies considerably.
    • Nyiragongo and nearby Nyamuragira are together responsible for 40 percent of Africa’s historical volcanic eruptions.

    Answer this PYQ in the comment box:

    Q.Which of the following adds/add carbon dioxide to the carbon cycle on the planet Earth?

    1. Volcanic action
    2. Respiration
    3. Photosynthesis
    4. Decay of organic matter

    Select the correct answer using the code given below:

    (a) 1 and 3 only

    (b) 2 only

    (c) 1, 2 and 4 only

    (d) 1, 2, 3 and 4

    What are Decade Volcanoes?

    • The Decade Volcanoes are 16 volcanoes identified by the International Association of Volcanology and Chemistry of the Earth’s Interior (IAVCEI).
    • They are considered worthy of particular study in light of their history of large, destructive eruptions and proximity to densely populated areas.
    • They are named Decade Volcanoes because the project was initiated in the 1990s as part of the United Nations-sponsored International Decade for Natural Disaster Reduction.
  • Benefits of environmental fiscal reforms

    The article highlights the advantages of environmental fiscal reforms in India.

    Status of  out-of-pocket spending on health in India

    • As per WHO data, in 2011,  17.33% of the population in India made out-of-pocket payments on health that was more than 10% of their income.
    • The percentage was higher in rural areas compared to urban areas.
    • Globally, 12.67% of the population spent more than 10% of their income (out of their pocket) on health.
    • In Southeast Asia, 16% spent more than 10% of their household income on health.
    • Similarly, 3.9% of the population in India made more than 25% of out-of-pocket payments on health, with 4.34% of it in the rural areas.

    Alternate source of health financing: Eco tax

    • The Economic Survey of India 2019-20 has outlined that an increase in public spending from 1% to 2.5-3% of GDP, can decrease out-of-pocket expenditure from 65% to 30% of overall healthcare expenses.
    • The National Health Policy of 2017 also envisages increase in public spending from 1% to 2.5-3% of GDP.
    • This is where the importance of alternate sources of health financing in India needs to be stressed.
    • Fiscal reforms for managing the environment are important, and India has great potential for revenue generation in this aspect.

    Environmental tax reforms

    • Environmental tax reforms generally involve three complementary activities:
    • 1. Eliminating existing subsidies and taxes that have a harmful impact on the environment;
    • 2. Restructuring existing taxes in an environmentally supportive manner;
    • 3. Initiating new environmental taxes.
    • Taxes can be designed either as revenue neutral or revenue augmenting.
    • Revenue augmenting model: In case of revenue augmenting, the additional revenue can either be targeted towards the provision of environmental public goods or directed towards the overall revenue pool.
    • In developing countries like India, the revenue can be used to a greater extent for the provision of environmental public goods and addressing environmental health issues.

    Eco tax

    • The success of an eco tax (environment tax) in India would depend on its architecture, that is, how well it is planned and designed.
    • It should be credible, transparent and predictable.
    • Ideally, the eco tax rate ought to be equal to the marginal social cost arising from the negative externalities associated with the production, consumption or disposal of goods and services.
    • This would include the adverse impacts on the health of people, climate change, etc.
    • The eco tax rate may, thus, be fixed commensurate to the marginal social cost so evaluated.
    • There is also a need to integrate environmental taxes in the Goods and Service Tax framework.

    In India, eco taxes can target three main areas

    • One, differential taxation on vehicles in the transport sector purely oriented towards fuel efficiency and GPS-based congestion charges.
    • Two, in the energy sector by taxing fuels which feed into energy generation.
    • Three, waste generation and use of natural resources.

    Benefits of implementation of eco taxes

    • The implementation of an environmental tax in India will have three broad benefits: fiscal, environmental and poverty reduction.
    • Finance basic public services: Environmental tax reforms can mobilise revenues to finance basic public services when raising revenue through other sources proves to be difficult or burdensome.
    • Reduce distorting taxes: It can can also help to reduce other distorting taxes such as fiscal dividend.
    • Finance research: Environmental tax reforms help internalise the externalities, and the said revenue can finance research and the development of new technologies.

    Impact

    • Environmental regulations may lead to slow productivity growth and high cost of compliance in private sector.
    • This could result in the possible increase in the prices of goods and services.
    • However, the European experience shows that most of the taxes also generate substantial revenue and there is no evidence on green taxes with sustainable development goals leading to a ‘no growth’ economy.
    • Negligible impact on GDP: Most countries’ experiences suggest negligible impact on the GDP, though such revenues have not necessarily been used for environmental considerations.
    • The negligible impact on the GDP may be a temporary phenomenon.

    Conclusion

    This is the right time for India to adopt environmental fiscal reforms as they will reduce environmental pollution and also generate resources for financing the health sector.

  • Historical and Archaeological Findings in News

     
    22nd May 2021

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  • Zoom link (3pm today) inside| Webinar for working professionals: Samarth 2022 by Sudhanshu sir

    Zoom link (3pm today) inside| Webinar for working professionals: Samarth 2022 by Sudhanshu sir

    Zoom link for Webinar:
    https://zoom.us/j/97951170654?pwd=Q09wMkdZU3dYZDhzK3VyRHprRUF1Zz09

    Click here to register for the webinar

    • Webinar date: 23rd May 2021, Sunday
    • Time: 3 PM afternoon
    • Zoom link will be emailed to you.

    It’s not anybody’s guess why in general life army personnel are highly disciplined. Their precision in every field of life is emulatable. They almost internalise these everyday learnings and develop them as lifestyle traits.

    The case is very similar with the civil services aspirants too, who take up the task of clearing one of the toughest exams in India, in addition to being a working professional. Given the rigours of life, they are subjected to, they already know what they have to sacrifice and what regime they need to follow.

     Click here to register for the webinar

    If we sift through the previous year results, we can easily come across such examples. Aspirants facing the harshness of the work environment are bound to earn the incentives of time management, critical thinking and discipline. I mean, who would not remember Anu Kumari here. Despite being a working woman, a wife and a mother, she proved many of her naysayers wrong. Mind you, she was not just working but was also a lady in many life roles with a two-year-old kid wanting the comfort of a mothers presence.

    Now if she is not enough motivation, what else is! She is a shining star in our Hall of Fame. Okay, let me mention another bright example, Kunal Aggarwal. He was very well sorted and settled with a decent life at Goldman Sachs. Dream job for many. Navigating all the odds at work and busy schedules, he managed to follow the guidelines provided by Civilsdaily, he made it through in stages. There’s a story we will discuss in our webinar. He is again an example worth following. Our hall of fame is actually full of many such names.

     Click here to register for the webinar

    We can go on and on with a lineup that may never end. But the bottom line, which most of our successful working aspirants agreed with, was the time management and course curriculum they were made part of while at CD. The able guidance team and the evidence-based entire training structure pays at the end when the final recommendation list comes out. Trust me, we are elated. At times more than the students.

    So, let me invite you to the webinar which I am specifically holding for Working Professionals or Junta on the coming Sunday 23rd May at 3 PM afternoon. It will be epic in many ways. We will discuss many doubts faced by the working junta over a one-to-one live chat. Also, we will come to know about the specifics of the exam and the evolving pattern.

    Summarily, in this webinar, you can expect to learn about:

    • Mistakes that can cost you an attempt?
    • What to do to master the IAS-Exam being a working professional?
    • How to clear the exam, adhering to a “5-hour Step-by-Step learning plan”?
    • An interactive Q&A session with an experienced audience?
    • Important Civilsdaily softcopies takeaway for exam preparation.
    • Civilsdaily Joining Bonus ( Only for Sunday registrations )

    Moreover, if UPSC 2022 is your first attempt, I will call you personally.

    But for that, book your seat in this webinar by filling up a small form with your details and one specific query which you want to get addressed.

    Meet you soon!

    Zoom link for Webinar:
    https://zoom.us/j/97951170654?pwd=Q09wMkdZU3dYZDhzK3VyRHprRUF1Zz09

    Click here to register for the webinar


    A quick bit about Sudhanshu Mishra:

    Sudhanshu has the first-hand experience of 3 mains and two interviews of UPSC. He has served in the defense ministry for 10 years with keen interests in regional and global geopolitics and has ample experience of various other competitive exams as well.

     Click here to register for the webinar

    For any queries reach out to hello@civilsdaily.com

     

  • (Live) Samarth 2022: Webinar for Working Professionals | How to clear UPSC exam by studying 5 hours everyday? | (3 pm,today) (ZOOM link inside the post)

    (Live) Samarth 2022: Webinar for Working Professionals | How to clear UPSC exam by studying 5 hours everyday? | (3 pm,today) (ZOOM link inside the post)

    Zoom link for Webinar:
    https://zoom.us/j/97951170654?pwd=Q09wMkdZU3dYZDhzK3VyRHprRUF1Zz09

    Click here to register for the webinar

    • Webinar date: 23rd May 2021, Sunday
    • Time: 3 PM afternoon
    • Zoom link will be emailed to you.

    It’s not anybody’s guess why in general life army personnel are highly disciplined. Their precision in every field of life is emulatable. They almost internalise these everyday learnings and develop them as lifestyle traits.

    The case is very similar with the civil services aspirants too, who take up the task of clearing one of the toughest exams in India, in addition to being a working professional. Given the rigours of life, they are subjected to, they already know what they have to sacrifice and what regime they need to follow.

     Click here to register for the webinar

    If we sift through the previous year results, we can easily come across such examples. Aspirants facing the harshness of the work environment are bound to earn the incentives of time management, critical thinking and discipline. I mean, who would not remember Anu Kumari here. Despite being a working woman, a wife and a mother, she proved many of her naysayers wrong. Mind you, she was not just working but was also a lady in many life roles with a two-year-old kid wanting the comfort of a mothers presence.

    Now if she is not enough motivation, what else is! She is a shining star in our Hall of Fame. Okay, let me mention another bright example, Kunal Aggarwal. He was very well sorted and settled with a decent life at Goldman Sachs. Dream job for many. Navigating all the odds at work and busy schedules, he managed to follow the guidelines provided by Civilsdaily, he made it through in stages. There’s a story we will discuss in our webinar. He is again an example worth following. Our hall of fame is actually full of many such names.

     Click here to register for the webinar

    We can go on and on with a lineup that may never end. But the bottom line, which most of our successful working aspirants agreed with, was the time management and course curriculum they were made part of while at CD. The able guidance team and the evidence-based entire training structure pays at the end when the final recommendation list comes out. Trust me, we are elated. At times more than the students.

    So, let me invite you to the webinar which I am specifically holding for Working Professionals or Junta on the coming Sunday 23rd May at 3 PM afternoon. It will be epic in many ways. We will discuss many doubts faced by the working junta over a one-to-one live chat. Also, we will come to know about the specifics of the exam and the evolving pattern.

    Summarily, in this webinar, you can expect to learn about:

    • Mistakes that can cost you an attempt?
    • What to do to master the IAS-Exam being a working professional?
    • How to clear the exam, adhering to a “5-hour Step-by-Step learning plan”?
    • An interactive Q&A session with an experienced audience?
    • Important Civilsdaily softcopies takeaway for exam preparation.
    • Civilsdaily Joining Bonus ( Only for Sunday registrations )

    Moreover, if UPSC 2022 is your first attempt, I will call you personally.

    But for that, book your seat in this webinar by filling up a small form with your details and one specific query which you want to get addressed.

    Meet you soon!

    Click here to register for the webinar


    A quick bit about Sudhanshu Mishra:

    Sudhanshu has the first-hand experience of 3 mains and two interviews of UPSC. He has served in the defense ministry for 10 years with keen interests in regional and global geopolitics and has ample experience of various other competitive exams as well.

     Click here to register for the webinar

    For any queries reach out to hello@civilsdaily.com

     

  • Supreme Court says Personal Guarantors liable for Corporate Debt

    The Supreme Court has upheld a government moves to allow lenders to initiate insolvency proceedings against personal guarantors, who are usually promoters of big business houses, along with the stressed corporate entities for whom they gave a guarantee.

    What is the Judgement?

    • The judgment has allowed creditors, usually financial institutions and banks, to move against personal guarantors under the Indian Bankruptcy and Insolvency Code (IBC) was “legal and valid”.
    • The November 15, 2019 notification was challenged before several High Courts initially.
    • The apex court said there was an “intrinsic connection” between personal guarantors and their corporate debtors.

    What is a personal guarantee? How do promoters use this route to get funds?

    • A personal guarantee is most likely to be furnished by a promoter or promoter entity when the banks demand collateral which equals the risk they are taking by lending to the firm, which may not be doing so well.
    • It is different from the collateral that firms give to banks to take loans, as Indian corporate laws say that individuals such as promoters are different from businesses and the two are very separate entities.
    • A personal guarantee, therefore, is an assurance from the promoters or promoter group that if the lender allows them the fund, they will be able to turn around the loss-making unit and repay the said loan on time.

    Impact of the move

    • The apex court ruling will help banks go after those who have offered guarantees to recover dues in case the resolution amount is short of the claims filed by them in the National Company Law Tribunal.
    • Over the years, many companies have repeatedly defaulted in loan repayment and got banks to restructure the debt, often citing systemic issues.
    • But as part of the clean-up initiated five years ago, the IBC was enacted and banks were told to go after those who were not paying their dues.

    About the Insolvency and Bankruptcy Code, 2016

    • IBC is the bankruptcy law of India that seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
    • It is a one-stop solution for resolving insolvencies which previously was a long process that did not offer an economically viable arrangement.
    • The code aims to protect the interests of small investors and make the process of doing business less cumbersome.

    Key features of the code

    (1) Insolvency Resolution:

    • The Code outlines separate insolvency resolution processes for individuals, companies, and partnership firms. The process may be initiated by either the debtor or the creditors.
    • A maximum time limit, for completion of the insolvency resolution process, has been set for corporates and individuals.

    (2) Insolvency regulator:

    • The Code establishes the Insolvency and Bankruptcy Board of India, to oversee the insolvency proceedings in the country and regulate the entities registered under it.
    • The Board will have 10 members, including representatives from the Ministries of Finance and Law, and the Reserve Bank of India.

    (3) Insolvency professionals:

    • The insolvency process will be managed by licensed professionals.
    • These professionals will also control the assets of the debtor during the insolvency process.

    (4) Bankruptcy and Insolvency Adjudicator:

    The Code proposes two separate tribunals to oversee the process of insolvency resolution, for individuals and companies:

    1. the National Company Law Tribunal for Companies and Limited Liability Partnership firms; and
    2. the Debt Recovery Tribunal for individuals and partnerships

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