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  • [8th August 2024] The Hindu Op-ed:  The leader who lost touch with Bangladesh

    [8th August 2024] The Hindu Op-ed:  The leader who lost touch with Bangladesh

    PYQ Relevance:

    Q. The protests in Shahbag Square in Dhaka in Bangladesh reveal a fundamental split in society between the nationalists and Islamic forces. What is its significance for India? (UPSC IAS/2013)

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

    Mentors’ comment: The political crisis in Bangladesh escalated dramatically following Prime Minister Sheikh Hasina’s resignation amid widespread protests against a controversial government job quota system. The unrest has led to significant violence, particularly against Hindu minorities, with reports of targeted attacks and rising casualties. The military has since established an interim government, raising concerns over regional stability and India’s strategic interests. The crisis threatens to disrupt bilateral trade, which reached $13 billion in FY 2023-24, and could impact ongoing infrastructure projects vital for connectivity between India and Bangladesh.

    Let’s learn!

    __

    Why in the news?

    Bangladesh is engulfed in chaos following Prime Minister Sheikh Hasina’s abrupt resignation amid escalating student protests over job quotas.

    Why Hasina’s fall was not a surprise?

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

    Impact on India-Bangladesh relations: 

    • Loss of a Trusted Ally
      • Hasina’s leadership enabled India to work closely with Bangladesh on security matters, countering terrorism and strengthening bilateral ties. Her resignation jeopardises India-Bangladesh’s relationship as political dynamics shift in Bangladesh.
    • Disruption of Trade and Economic Ties
      • India-Bangladesh bilateral trade reached $13 billion in FY 2023-24, making Bangladesh India’s largest trade partner in South Asia. Hasina’s exit could disrupt these gains, affecting the movement of goods and people.
      • Discussions for a potential India-Bangladesh Free Trade Agreement (FTA) initiated in October 2023 aimed to boost trade. However, the future of these talks remains uncertain with the interim government in place.
      • India had a $9.2 billion trade surplus with Bangladesh in FY24. The ongoing unrest has already caused issues like internet disruptions affecting banking and issuing letters of credit, concerning exporters.
    • Uncertainty over Infrastructure Projects
      • India has extended $8 billion in credit since 2016 for developing Bangladesh’s road, rail, shipping and port infrastructure. Projects like the Akhaura-Agartala rail link and Khulna-Mongla Port rail line, inaugurated in 2023, could face disruption.
      • A breakdown in ties could restrict India’s access to the Northeast, currently connected through narrow land corridors. 
      • Existing bus routes and port usage agreements also face potential risks.

    Way forward: 

    • Engagement with All Political Factions: India must proactively engage with a broader spectrum of Bangladeshi political parties, including the opposition parties like the Bangladesh National Party (BNP) and Jamaat-e-Islami (JI)
    • Strengthening Economic Ties and Infrastructure Projects: India should prioritize the continuity of trade and infrastructure projects established under Hasina’s government. This includes reaffirming commitments to the $8 billion credit extended for infrastructure development and ensuring that transit arrangements remain intact.  
  • [Ranker Webinar For UPSC 2026] By AIR -2, Animesh Pradhan On Qualifying UPSC In First Attempt || Join on 09th August 2024 At 7 PM.

    [Ranker Webinar For UPSC 2026] By AIR -2, Animesh Pradhan On Qualifying UPSC In First Attempt || Join on 09th August 2024 At 7 PM.

    You don’t need more beginner level advice. What you need is a High Momentum plan and Support System.

    Animesh Pradhan, AIR -2, 1st Attempt, UAP’23 Mentorship Student
    UPSC, IAS, AIR 2, Animesh Pradhan, Civilsdaily

    Register for the UPSC Masterclass by AIR -2 on 09th August 2024 at 7:00 to get yearlong mentorship & study plan for UPSC-CSE


    Read about AIR-2′ Animesh Pradhan’s UPSC Mentorship Journey

    This year when UPSC announced its CSE-2023 results, the whole world woke up to a paradigm shift in UPSC Preparation: Mentorship works. And not just works; When done right it produces single digit IAS rankers.

    Animesh Pradhan, student of our UAP 2023 Mentorship program, secured AIR 2 in his very first attempt, while working at Indian Oil and exclusively preparing with us at Civilsdaily.

    It’s after 20 years anyone from Odisha has secured the second rank in the exam. And Animesh did it in style.

    But behind this multi-decadal success were 18 gruelling months of hard core preparation.

    Animesh was preparing with his mentor, Ranadheer Sir and a team of experts who had led AIR 22, AIR 48 to success in UPSC 2022 with the same UAP Mentorship Program.

    While the whole world wakes up to mentorship for the first time in 2024, we have been perfecting the UAP mentorship program for the last 5+ years.

    It is with that proven confidence that on 09th August, at 7 PM, Animesh Pradhan (AIR -2) will be conducting a FREE webinar exclusively for UPSC 2026 aspirants giving you a sneak peak of what it takes to perform at the alpha level in your very first attempt.


    It will be a practical webinar and here’s what we will be discussing:

    1. How should an absolute beginner start his/ her UPSC 2026 prep? What are the high yielding areas that are quick to conquer and necessary to master
    2. Absolute non-negotiables for every beginner – If you miss mastering these, forget your rank, you will risk even your mental health – so get them right
    3. Actual scans of Animesh’ answer writing attempts with UAP 2023 to show you how an aspirant evolves to become a ranker
    4. LIVE UPSC PYQs attempts to show the difference between a beginner vs. a ranker’s attempt to the same question.

    It will be a 45 minute webinar, post which we will open up the floor for all kinds of queries which a beginner must have. No questions are taboo and Animesh is known to be patiently solving all your doubts.

    Here’s what you will be getting after attending the webinar:

    1. Scanned GS Paper PDF Notes of Animesh Pradhan which he made during his student days at Civilsdaily’s UAP 2023 batch
    2. Flash Notes of GS Polity: Ranker approved notes for exam ready revision

    Join us for a Zoom session on 09th August 2024 at 7:00 p.m. This session is a must-attend for you If you are attempting UPSC for the first time or have attempted earlier and now preparing for next year, then it is going to be a valuable session for you too.

    In the session, we will discuss how mentorship works. Why Mentorship is a must when you attempting for the first time.

    We will deal with all the aspects for a comprehensive UPSC Preparation. We’ll talk about starting with the basics, and move to advanced level.

    See you in masterclass”

    Register for UPSC session to get a focussed UPSC preparation strategy


    About Civilsdaily Mentorship Philosophy:

    At Civilsdaily, we treat Mentorship as a specialization. Not every Mains or interview candidate can be a mentor. Most such mentors will suggest cosmetic changes and will only help you evolve slowly. It is easy to find comfort in sentences like ‘every topper is different’ and’ they have their own path’. Finding what’s different about you and then figuring out your own path is why Mentorship is essential. We walk the talk by helping you craft your own way of preparation. A method that enhances your probability of qualifying UPSC-CSE in a single attempt. We give you that near-perfect certainty. Delivering this consistently to hundreds of aspirants (now rankers) in the past was challenging. We still stick to it and keep getting better at it with each passing year.

    At CD, we understand the science and the art of everything UPSC. If you have a problem, we will sit with you and find a solution. If that doesn’t work, then we try solution 2. Eventually, we will make sure you end up making progress. What’s the point of any content, program, or mentorship without progress? This is precisely why aspirants trust they have the best shot at clearing the exam with Civilsdaily.

    We invest a significant amount of time, effort, and energy into creating lectures, notes, and tests, understanding your needs as an aspirant. We take this responsibility seriously because, ultimately, your future depends on it.

    The heart of the Civilsdaily platform is the Yearlong Mentorship Program. For years, aspirants have enrolled here because they couldn’t find such depth and passion towards quality content and Mentorship anywhere. Their search inevitably ends at Civilsdaily. Enrollment in these programs and Mentorship also makes us accountable to aspirants for the value they get.

    In the past few years, we’ve worked quietly in the background with hundreds of aspirants; many now serve as IAS, IPS, IFS and more. We are very proud of what we’ve achieved.Overwhelmed by quick fixes, content overload and messy timetables which never work? Join us as we take you through a realistic and relatable roadmap for UPSC 2026 preparation. 

    In this masterclass, you will get:

    1. A 45-minute deep dive on how to plan your UPSC strategy from the start to the end.
    2. How do first-attempt IAS Rankers get the most out of their one year prep?
    3. Insider tips that only the top IAS and IPS rankers know and apply to get rank.

    By the end, you’ll have razor-sharp clarity and a clear path to crack UPSC with confidence and near-perfect certainty. 

    Join UPSC orientation session on 09th August 2024, 7:00 pm

    (Don’t wait—the next webinar won’t be until September 24)



    These masterclasses are packed with value. They are conducted in private with a closed community. We rarely open these webinars for everyone for free. This time we are keeping it for 300 seats only.

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  • Court shifts the tide on stray dog policy  

    Why in the news?

    The Supreme Court ended the 15-year-old (Animal Welfare Board of India & Anr Versus People for Elimination of Stray Troubles & Ors) AWBI vs. PEST case on July 12, after the final hearing on May 9, sparking mixed reactions.

    The Prevention of Cruelty to Animals (PCA) Act, 1960, and the Animal Birth Control (ABC) Rules are:

    • The PCA Act, 1960 was enacted by the Parliament of India to prevent the infliction of unnecessary pain or suffering on animals and to amend the laws relating to the prevention of cruelty to animals.
      • The PCA Act, 1960 and ABC Rules, 2001 prohibit the killing of stray dogs and mandate sterilization as the only scientific and humane method of controlling stray dog populations.
      • The new ABC Rules, 2023 notified under the PCA Act, 1960 also prohibit wanton killing of stray dogs by municipalities and require them to follow sterilization.
    • The Act defines “animal” as any living creature other than a human being. It establishes the Animal Welfare Board of India to promote animal welfare.
    • Chapter III of the Act lists different forms of cruelty to animals that are banned, including those related to work animals, captivity, ownership, abuse, mutilation or killing.
    • Chapter IV deals with experiments on animals. While it does not make experiments unlawful for the advancement of knowledge, it allows the Board to advise the government to create a committee to control and supervise such experiments.
    • Chapter V outlines restrictions, procedures and offences related to performing animals. The Central Government can prohibit any animal from exhibition or training through notification.

    Note: In 2022, the Ministry of Fisheries, Animal Husbandry and Dairying submitted a draft Prevention of Cruelty to Animals (Amendment) Bill 2022 for public comment. The draft includes 61 amendments to further clarify the law and make punishments more stringent.

    The Supreme Court stated that the Central law (PCA Act 1960 and ABC Rules, 2023) which prohibits killing of stray dogs by local authorities remains the governing law of the land.

    What the Supreme Court said on the ‘Duty of every Citizen’:

    • The Supreme Court capped off the judgment with the lines: “Compassion to all living beings, is the enshrined Constitutional value and mandate, and cast obligation on the authorities to maintain.”
      • This refers to Article 51A(g) of the Constitution of India which states: “It shall be the duty of every citizen of India to protect and improve the natural environment including forests, lakes, rivers, and wildlife and to have compassion for living creatures.”
    • The court emphasized that Citizens should avoid unscientific and cruel methods like killing stray dogs and instead choose the scientific and humane method of sterilization.

    Issues due to stray dogs in India: 

    • Population: India has an estimated 60 million stray dogs, making it the country with the highest number of stray dogs globally.
    • Rabies Incidence: India accounts for 36% of global rabies deaths and 65% of rabies deaths in the South-East Asia region.
      • Between 2012 and 2022, the National Rabies Control Program reported 6,644 clinically suspected cases of rabies in humans.
    • Dog Bite Cases: Reports indicate that major cities have seen alarming numbers of dog bite incidents. For example, Delhi’s Safdarjung Hospital and Ram Manohar Lohia Hospital recorded nearly 48,000 dog bite cases in just six months. In Kerala alone, there were over 1.9 lakh dog bite cases last year, with 21 deaths attributed to rabies.

    Way forward:

    • Enhanced Public Awareness and Education: Need to implement nationwide campaigns to educate the public on responsible pet ownership, the importance of sterilization, and the humane treatment of stray dogs.
    • Strengthening Enforcement of Existing Laws: Need to ensure that municipalities and local authorities are adequately trained and funded to implement the ABC Rules effectively.
  • Supreme Court to review PMLA verdict     

    Why in the news?

    The Supreme Court has postponed its review of the decision to uphold key provisions of the Prevention of Money Laundering Act, 2002 (PMLA) to August 28.

    Prevention of Money Laundering Act, 2002 (PMLA)

    • The Prevention of Money Laundering Act, 2002 (PMLA) is a crucial legislative framework in India aimed at combating money laundering and related financial crimes.
    • The PMLA was enacted by the Parliament of India and came into force on July 1, 2005. It was introduced to prevent money laundering and provide for the confiscation of property derived from or involved in money laundering.
    • The main objectives of the PMLA are:
      • To prevent and control money laundering.
      • To confiscate and seize property obtained from laundered money.
      • To address issues connected with money laundering in India.

    What is the Case?

    •  On July 27, 2022, the Supreme Court upheld key provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in the case of “Vijay Madanlal Choudhary v. Union of India”.
      • The 540-page ruling accepted the government’s arguments on all challenged aspects, including reversing the presumption of innocence for bail, passing amendments as a Money Bill, and defining the Enforcement Directorate’s (ED) powers.
    • On August 25, 2022, a different three-judge bench agreed to hear a review petition filed by Congress MP Karti Chidambaram. The petition raised concerns about at least two issues from the Madanlal decision.

    What are the Grounds for Review?

    • The Supreme Court’s verdict in Madanlal upheld stringent bail conditions for economic offences, imposing a reverse burden of proof on the accused.
    • Petitioners argue that, without essential documents like an FIR, charge sheet, case diary, and prosecution documents, an accused cannot adequately present their case.
    • The Madanlal verdict upheld Section 50 of the PMLA, allowing ED officials to record statements under oath, admissible in court. It distinguished ED officers from police officers, classifying their investigations as “inquiries.” Petitioners argue that the verdict overlooked provisions granting penal powers to the ED.

    How is a Judgment Reviewed?

    • The Supreme Court can review its judgments or orders under Article 137 of the Constitution.
    • A review petition must be filed within 30 days of the judgment. Typically, review petitions are heard through written submissions (“circulation”) by the same judges who passed the original verdict, rather than in open court.
    • Reviews are granted on narrow grounds to correct grave errors causing a miscarriage of justice. One common ground is “a mistake apparent on the face of the record,” which must be glaring and obvious, such as reliance on invalid case law.

    Way forward: 

    • Enhanced Transparency and Documentation: To address concerns about the adequacy of case presentation by the accused, there should be a mandate for providing all essential documents such as FIRs, charge sheets, case diaries, and prosecution documents to ensure a fair trial process.
    • Clarification of ED’s Powers and Procedures: Amendments to the PMLA should clearly define the scope and limits of the Enforcement Directorate’s powers, ensuring that ED officers are given appropriate procedural guidelines and oversight mechanisms to prevent misuse of penal powers and uphold due process.
  • A closer look at beefng up Jammu’s counter-terror grid    

    Why in the news?

    The Jammu region has faced severe security issues recently, exacerbated by troop redeployment to the LAC. To address this, around 3,500 additional troops and Special Forces were deployed.

    Present Context of J&K

    • Security Concerns: The Jammu region has seen a resurgence in terrorist activities, with security forces suffering significant losses. The situation has deteriorated, particularly following the redeployment of troops to the Line of Actual Control (LAC) after the Galwan incident in June 2020.
    • Increased Military Presence: In response to the rising threats, additional troops, including Special Forces and Assam Rifles, have been inducted into the region to bolster counter-terrorism operations.
      • Following the abrogation of Article 370 in 2019, there has been a strategic shift in militancy from Kashmir to Jammu, with militants adapting their tactics and increasing their operational activities in districts like Reasi, Rajouri, and Poonch.

    Need to Establish the Grid System in Vulnerable Areas

    • Establishing a counter-terrorism grid involves deploying military units strategically in vulnerable areas to dominate potential terrorist movements. This requires thorough threat assessments based on terrain, local population inclinations, and historical data.
    • The grid system emphasizes the importance of winning the trust of the local population through community engagement, which is crucial for gathering intelligence on terrorist activities.

    Challenges

    • Integration of New Troops: Newly inducted troops face the challenge of quickly orienting themselves to the local terrain and population dynamics.
    • Divided Local Population: The local population is divided into subsets that either support the state, support terrorists, or remain neutral. 
      • Gaining the support of the neutral majority is critical for the success of counter-terrorism efforts.
    • Operational Control: Recent trends show a shift in operational control from battalion-level commanders to higher command levels, which can hinder effective and timely responses to emerging threats.

    About Operation Dudhi

    • Historical Context: Operation Dudhi, conducted in May 1991 by the 7 Assam Rifles, is remembered as a successful counter-terrorism operation in the Chowkibal area. It showcased the effectiveness of battalion-level command in conducting operations.
    • Lessons Learned: The operation highlighted the importance of allowing commanding officers to maintain control over their units.
      • Recent trends of centralizing control may undermine operational effectiveness and responsiveness.
    • Need for Integrated Deployment: The success of future operations requires that newly inducted troops be deployed as integral units under existing command structures, rather than in a fragmented manner, to enhance operational coherence and effectiveness.

    Way forward: 

    • Enhance Human Intelligence Networks: It is crucial to build robust human intelligence networks by integrating local informants and community members into counter-terrorism efforts.
    • Integrated Deployment of Forces: Newly inducted troops should be strategically integrated with existing units to create a cohesive counter-terrorism grid. This approach will facilitate knowledge sharing and operational synergy, allowing new troops to quickly acclimatize to the local environment and build relationships with the community.
  • What is the Yen Carry Trade? Why is it unwinding right now?

    Why in the news?

    The global stock and bond markets, especially Japan’s, are experiencing turmoil due to the unwinding of the immensely popular yen carry trade.

    What is Yen carry trade?

    • The yen carry trade is a popular currency trading strategy that involves borrowing Japanese yen at low interest rates and using the funds to invest in higher-yielding assets denominated in other currencies, with the goal of profiting from the interest rate differential.

    Why is it unwinding right now?

    • Strengthening Yen: The Japanese yen has appreciated significantly, rising over 3% against the dollar after the Bank of Japan (BoJ) raised interest rates to 0.25% and announced a reduction in bond purchases. This strengthening of the yen diminishes the profitability of the carry trade, which relies on a weaker yen to remain viable.
    • Interest Rate Changes: Expectations of imminent interest rate cuts by the U.S. Federal Reserve have contributed to the dollar’s weakness, further impacting the carry trade. As the interest rate differential narrows, the incentive to maintain yen carry positions decreases.

    How does it work?

    • Mechanism: The yen carry trade involves borrowing yen at low interest rates and converting it into higher-yielding currencies. Investors use the borrowed yen to purchase assets in currencies that offer better returns, such as U.S. dollars or Australian dollars.
    • Investors typically aim for annualized returns of around 5% to 6% on dollar-yen carry trades, which is the difference between U.S. and Japanese interest rates. The strategy can be lucrative as long as the yen does not appreciate significantly against the currencies in which the investments are made.

    How did it begin?

    • The yen carry trade can be traced back to 1999 when Japan lowered its policy rates to zero following an asset price bubble burst. This led Japanese investors to seek better returns in international markets, effectively turning Japan into the world’s largest creditor nation.
    • The contemporary form of the carry trade gained prominence in 2013 under Prime Minister Shinzo Abe’s quantitative easing policies, coinciding with rising U.S. rates and a depreciating yen. This trend intensified in 2022 and 2023 as the Federal Reserve raised rates rapidly while the Bank of Japan maintained negative short-term rates.

    How large Is It?

    • The estimated size is about $350 billion in short-term external loans by Japanese banks attributed to yen-funded carry trades. However, this figure may not fully capture the extent of the trades, as it could include commercial transactions or loans to foreign businesses.
    • The actual size of yen carry trades could be larger due to the leverage used by hedge funds and computer-driven funds.

    Is it coming to an end?

    • The Bank of Japan has recently started raising rates, which has led to a stronger yen. As a result, the yield gap between Japanese and other currencies has narrowed, diminishing the profitability of carry trades.
    • The appreciation of the yen (by about 13% in a month) has prompted leveraged investors to unwind their positions, leading to a sell-off in global stock and bond markets. This unwinding is driven by the need to repay yen loans as the currency strengthens, causing further declines in asset prices internationally.

    Conclusion: The yen carry trade is unwinding due to the strengthening yen and narrowing interest rate differentials. As the yen appreciates, profitability decreases, prompting investors to exit positions, leading to global market sell-offs. This trend signifies a shift in monetary policies and changing economic conditions affecting currency trading strategies.

  • [pib] Nandini Sahakar Yojana

    Why in the News?

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

    About Nandini Sahakar Yojana

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

    Features of the Scheme

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

    Why in the News?

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

     

    What is Oestrogen?

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

    Role of Oestrogen in Bone Growth

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

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

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

    Experimental Findings:

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

    PYQ:

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

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

    Select the correct answer using the code given below.

    (a) 1, 2 and 4

    (b) 2 and 3

    (c) 1 and 3

    (d) 1 and 4 only

  • [pib] New Schemes for Co-operatives

    Why in the News?

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

    What is a Co-operative?

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

    Evolution of Cooperatives in India:

    Pre-Independence Era:

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

    Post-Independence Era:

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

    Initiatives Making Primary Cooperatives Economically Vibrant and Transparent

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

     

    Initiatives Strengthening Urban and Rural Cooperative Banks

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

     

    PYQ:

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

    (a) Commercial Banks

    (b) Cooperative Banks

    (c) Regional Rural Banks

    (d) Microfinance Institutions

  • Inaugural Rashtriya Vigyan Puraskar, 2024 announced 

    Why in the News?

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

    What is Rashtriya Vigyan Puraskar?

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

    Ceremony Details:

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

    Notable Awardees

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

    PYQ:

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

    (a) Literature

    (b) Performing Arts

    (c) Science

    (d) Social Service

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