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  • [pib] Metal Oxide Nano-composite developed for Environmental Clean-up

    Why in the News?

     A new metal oxide nanocomposite has been developed by The Institute of Advanced Study in Science and Technology (IASST)  that can help photocatalytic degradation of organic pollutants like dyes and pharmaceuticals and hence can be used as sustainable technologies for cleaning up the environment.

    Understanding Photocatalysis and Metal Oxides

    • Photocatalysis is a process that uses light to accelerate chemical reactions, particularly useful for degrading harmful substances in water and air.
    • They facilitate this reaction without being consumed.
    • Examples: Titanium Dioxide (TiO2), Zinc Oxide (ZnO)  and Tungsten Trioxide (WO3)

    How do they work?

    • When exposed to light, these metal oxides generate electron-hole pairs.
    • These pairs are highly reactive and can break down pollutants into harmless by-products.
      • Work Efficiency: The overall efficiency of this process depends on several factors, including the choice of metal oxide, its crystal structure, light intensity, pollutant concentration, pH level, and the amount of catalyst used.
      • Optimisation: Optimizing these factors is crucial for maximising the degradation rates of pollutants. Adjustments in the type of metal oxide, light parameters, and other conditions can significantly enhance the photocatalytic efficiency.

    Breakthrough by IASST: NiTF Composite

    • The team developed a nanocomposite called NiTF, which stands for Nickel-doped Titanium Dioxide on Fuller’s Earth. 
    • This innovative material combines the photocatalytic properties of titanium dioxide with the adsorption capabilities of Fuller’s earth, a type of natural clay.

    What is Fuller Earth?

    • Fuller’s earth is a term for various clays used as an absorbent, filter, or bleaching agent.
    • Products labeled fuller’s earth typically consist of palygorskite or bentonite.
    • Primary modern uses include as absorbents for oil, grease, and animal waste, and as a carrier for pesticides and fertilizers

    Testing and Results

    • The NiTF nanocomposite was tested for its ability to decolorize methylene blue, a common dye.
      • Methylene blue is a persistent pollutant toxic to aquatic life, harmful to human health, and causes colour pollution in water bodies.
    • The results were impressive, with the composite achieving a 96.15% decolorization of the dye solution at a pH of 9.0 under visible light within 90 minutes.
    • Fuller’s earth enhanced the TiO2’s ability to adsorb pollutants, even in the absence of light.
    • This suggests that the NiTF nanocomposite could be a cost-effective solution for environmental photocatalysis, providing benefits even in low-light conditions.

    Potential Applications

    • Catalysis: The nanocomposite can enhance the efficiency of various chemical reactions.
    • Energy Storage: It has the potential to improve systems for storing energy.
    • Sensors: The material can be used to develop highly sensitive detection devices.
    • Optoelectronics: The nanocomposite can advance technologies that use light for electronic devices.
    • Biomedical Fields: It can be applied in medical treatments and diagnostics.
    • Coatings: The material can be used to create protective and functional surfaces.
    • Renewable Energy: It can facilitate water splitting to produce renewable energy.

     

    PYQ:

    [2015] With reference to the use of nanotechnology in the health sector, which of the following statements is/are correct?

    1. Targeted drug delivery is made possible by nanotechnology.
    2. Nanotechnology can largely contribute to gene therapy.

    Select the correct answer using the code given below:

    (a) 1 only
    (b) 2 only
    (c) Both 1 and 2
    (d) Neither 1 nor 2

  • [pib] 13th Edition of Exercise MAITREE in Thailand

    Why in the News?

    The Indian Army contingent departed for the 13th edition of the India-Thailand joint military Exercise MAITREE.

    About Exercise Maitree 

    • Maitree is an annual bilateral military exercise between the Indian Army and the Royal Thai Army that has been conducted since 2006.
    • It is conducted alternatively in India and Thailand each year
    • The latest edition in 2019 took place in Umroi, Meghalaya
    • The exercise involves company-level joint training in jungle and urban scenarios
      • Objective: Enhancing combined capabilities in executing joint counter-insurgency and terrorist operations in jungle and urban environments under Chapter VII of the United Nations Charter.

    Training Focus:

    • It focuses on joint planning, tactical drills, physical fitness exercises, and sharing best practices.
    • Key activities include setting up joint operation centres, intelligence gathering, using drones, securing landing zones, and conducting special heliborne operations.

    Significance:

    • Exercise Maitree is significant as both India and Thailand face security challenges from terrorism, especially in southern Thailand which is prone to attacks.
    • It is part of the growing defense cooperation between India and Thailand, which signed an MoU on defense cooperation in 2012.

    India’s Defence Exercises with SE Asian Neighbours:

    India has conducted several joint military exercises with its Southeast Asian neighbors in recent years to strengthen defense cooperation and interoperability:

    • Exercise Garuda Shakti: This is a bilateral exercise between the Indian and Indonesian Special Forces. The latest iteration was held in November 2022 at the Sangga Buana Training Area in Indonesia.
    • Exercise Mitra Shakti: This is a joint exercise between the Indian and Sri Lankan armies. The latest edition was conducted in 2022.
    • Exercise VINBAX: This is a joint military exercise between India and Vietnam. The 2022 edition was the 3rd iteration of this exercise.
    • IMBEX: This is a joint military exercise between India and Myanmar. The latest edition was held in 2017-18.
    • EKUVERIN: This is a joint military exercise between the Indian and Maldivian forces. The 11th edition was conducted in 2022.
    • CORPAT: India conducts Coordinated Patrol (CORPAT) exercises with maritime neighbors like Indonesia, Thailand, and Malaysia to enhance maritime cooperation and security in the region.
    • AIME 2023: This was the first ASEAN-India Maritime Exercise, held in May 2023 with the participation of navies from India, Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

     

    PYQ:

    [2024] Which of the following statements about ‘Exercise Mitra Shakti-2023’ are correct?

    1. This was a joint military exercise between India and Bangladesh.
    2. It commenced in Aundh (Pune).
    3. Joint response during counter-terrorism operation was a goal of this operation.
    4. Indian Air Force was a part of this exercise.

    Select the answer using the code given below :

    (a) 1, 2 and 3

    (b) 1, 2 and 4

    (c) 1, 3 and 4

    (d) 2, 3 and 4
  • [2nd July 2024] The Hindu Op-ed: Glossing over unemployment, its high electoral price

    [2nd July 2024] The Hindu Op-ed: Glossing over unemployment, its high electoral price

    PYQ Relevance:
    Q Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP? (UPSC IAS/2020)
    Q Besides the welfare schemes, India needs deft management of inflation and unemployment to serve the poor and the underprivileged sections of society. Discuss. (UPSC IAS/2022)

    Mentor comment: The Indian economy needs to generate over 25 million jobs in the next five years to employ all the currently unemployed. Despite the Narendra Modi government’s claim of an 8% GDP growth rate last year, job creation has not kept pace. Although the unemployment rate for those aged 15 and above decreased from 4.2% in 2021 to 3.1% in 2023, this improvement is insufficient. In the 2024 general election, the Bharatiya Janata Party lost its majority, forming a coalition with parties holding different economic views due to the job market setback.

    Let’s Learn!

    __

    Why in the news?

    The Modi government claimed 8% GDP growth last year, but this has not translated into adequate job creation, as shown by current unemployment rates.

    Inequality gap is widening

    • Rising Wealth Inequality: In the past two decades, the gap between the rich and the poor has significantly widened. Official statistics reveal that 1% of India’s population now owns 40% of the country’s wealth.
    • K-shaped Economic Inequality: The term “K-shaped” inequality describes the phenomenon where income and consumption for a few are rising, while for the majority, it is declining.This has been particularly evident over the past decade under BJP central rule.
    • Income Inequality: The World Inequality Report 2022 highlights that India is one of the most unequal countries globally, with the top 10% and top 1% of the population earning 57% and 22% of the national income, respectively. Meanwhile, the bottom 50% see their share reduced to 13%.
    • Tax Burden on the Poor: About 64% of the total Goods and Services Tax (GST) revenue in India is contributed by the bottom 50% of the population, whereas only 4% comes from the top 10%.
    • Healthcare as a Luxury: Many Indians struggle to access necessary healthcare, with 63 million people (nearly two every second) pushed into poverty each year due to healthcare costs.
    • Food Security and Nutrition: According to “The State of Food Security and Nutrition in the World, 2023,” around 74% of India’s population cannot afford a healthy diet, and 39% fall short of a nutrient-adequate diet.
    • Global Hunger Index 2023: India’s 2023 Global Hunger Index score is 28.7, categorized as “serious” on the GHI Severity of Hunger Scale.

    Cause of inequality:

    • Structural economic factors: India has struggled to shift its large agricultural workforce towards more productive and better-paying jobs in the formal economy. The economic boom has primarily benefited the top 10-20% while leaving the poor behind.
    • Policy shocks disproportionately impacting the informal sector:  Demonetization, GST implementation, and COVID-19 lockdowns have severely disrupted livelihoods and employment for India’s large informal economy, exacerbating inequality
    • Uneven distribution of wealth and income:  The richest 1% of Indians now own over 40% of the country’s wealth, while the bottom 50% possess only 3% of the wealth. This wealth concentration at the top has accelerated in recent decades.
    • Lack of effective wealth redistribution: Measures like wealth taxes on the super-rich and greater investment in social welfare, healthcare, and education have been lacking, perpetuating the inequality cycle.

    Growth could slip because of 

    • Heavy Reliance on Government Expenditure: The recent GDP growth has been driven significantly by a large Budget deficit and massive government capital expenditure rather than structural investments in key sectors like industry, agriculture, and services.
    • Lack of Structural Investments: Structural investments in the industrial, agricultural, and service sectors are crucial for sustainable economic growth. The absence of significant investments in these sectors means that the foundational aspects of the economy remain weak, potentially hindering long-term growth.
    • Historical GDP Growth Decline: The GDP growth rate has shown significant declines in the past, such as falling from 8% to 3.8% in the fourth quarter of 2019-20. This trend indicates a vulnerability in maintaining high growth rates, especially without addressing underlying economic issues.
    • Fiscal Deficit Concerns: A significantly large Budget deficit to fund government expenditure can lead to concerns about fiscal sustainability.
    • Global Economic Conditions: The global economic environment, including factors such as inflation, interest rates, and geopolitical tensions, can impact India’s growth prospects.Any adverse changes in the global economy could further strain India’s growth trajectory.
    • Sectoral Weaknesses: Weaknesses in key sectors such as manufacturing, agriculture, and services can drag down overall economic growth.

    Way forward: 

    • Support for SMEs and Informal Sector: Given that 92% of jobs in agriculture and 73% of jobs in industry and services are in the unorganised sector, policies aimed at supporting small and medium enterprises (SMEs) and the informal sector are crucial. 
    • Agricultural Reforms and Rural Development: Focusing on modernising agriculture through technology, better irrigation, crop diversification, and improving rural infrastructure can boost productivity and incomes in rural areas. 
    • Education and Skill Development: Investing in education and skill development is essential to equip the workforce with the necessary skills for the evolving job market. 
  • [Openhouse] AIR 165, Saima Khan || Trial & Error Cost Me Four Years. Join My Session To Learn What Worked For Me. || On 5th July, 7 PM.

    [Openhouse] AIR 165, Saima Khan || Trial & Error Cost Me Four Years. Join My Session To Learn What Worked For Me. || On 5th July, 7 PM.

    Get a focused month wise study plan for UPSC 2025

    Join AIR 165, Saima Khan’s Masterclass on 5th July 2024 at 7:00 pm

    Register Now!

    “I will share my ‘Mains Fact Sheets’ with you.”

    Register for AIR 165, Saima Mam’s webinar on focused UPSC 2025 preparation

    Register Now!

    Read what AIR 165, Saima Khan Mam says about UPSC preparation and approach.

    “This was my fourth attempt, and it took me so many years of preparation because I didn’t have a focused plan that could keep me on track for a year. I always used ‘Trial and Error’ methods in my preparation.

    With so much information and content around us, we lose track of ourselves and our preparation. We are constantly looking for the next shiny things that can help us. This inevitably results in FOMO, anxiety and distraction. Whether you are someone who can immerse yourself in preparation for 7-8 hours daily or a UPSC warrior balancing work or college with 4-5 hours of study, remember, it’s about quality, not just quantity.

    Join me for a Zoom session on 5th July 2024 at 7:00 p.m. It’s for everyone, whether you’re new to UPSC or you’ve tried before but are targeting a rank in UPSC 2025.

    In the session, we will discuss how to start and strategize your prep for UPSC 2025. I will share a precise step-wise study plan and approach for a rank in UPSC 2025. I will also discuss the philosophy of UPSC prep, what UPSC expects, and how you should adapt to meet those expectations.

    We will deal with all the aspects for a comprehensive UPSC preparation.

    We’ll talk about starting with the basics, NCERTs that aren’t just textbooks but your foundation stones. You will have to complement this with a disciplined approach to reading newspapers and covering CA. It’s not about skimming through; it’s about understanding the world around you, which is crucial for both Prelims and Mains.

    Gradually how to progress to standard books, but do so with a strategy. You don’t just read; but analyze and understand. And here’s where the mindset plays a massive role. Transforming from an aspirant to a top ranker isn’t just about hard work but smart work, the right attitude, and persistence.

    Focus on mastering answer writing should be from early on. Your notes should be concise, clear, and, most importantly, practical. You have to learn to weave current affairs with static portions seamlessly. This isn’t just preparation; it’s about building a habit, a discipline that will stand you in good stead, not just for UPSC but for life.

    I know what you’re up against because I’ve been there. In this webinar, I’ll also share my mains fact sheets with you.

    See you in the webinar”

    Register for AIR 165, Saima Mam’s webinar on focused UPSC 2025 prep

    Register Now!

    In this masterclass, you will get:

    1. A 45-minute deep dive on how to plan your UPSC 2025 strategy from scratch: Level-0 to IAS in 1st attempt
    2. How do first attempt IAS Rankers plan their weeks, months, and year?
    3. Insider tips that only the top IAS and IPS rankers know and apply in every attempt

    By the end, you’ll have razor-sharp clarity and a clear roadmap for approaching and qualifying your UPSC 2025 exam with confidence and near-perfect certainty. 

    Saima Khan, AIR 165

    Join AIR 165, Saima Khan’s Webinar on 5th July 2024, 7:00 pm

    Register Now!

    (Don’t wait—the next webinar won’t be until Aug 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.

    Ready to attend the UPSC Webinar?

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  • What are hurricanes, their types?    

    Why in the news?

    Due to Hurricane Beryl sweeping through the Windward Islands, the Indian Men’s cricket team, victorious in the T20 World Cup, finds itself stranded in Barbados.

    What do we know about Hurricane Beryl?

    • Early Category 4 Storm: Hurricane Beryl is the earliest category 4 storm of the Atlantic hurricane season, sustaining winds of at least 130 miles per hour (209 kilometres per hour).
    • Location and Impact: It is currently affecting the Windward Islands in the southern part of the Lesser Antilles, including Barbados, Grenada, and Trinidad and Tobago.
    • Forecast: The National Hurricane Centre has issued warnings for life-threatening winds and storm surges in the affected islands, with the potential for violent winds and flash flooding.
    • Preparations: Local authorities in Barbados have suspended school classes and taken other precautions, such as shutting down the water supply, in anticipation of the hurricane’s impact.
    • Historical Context: Hurricane Beryl is noted as the strongest storm to impact the Windward Islands since Hurricane Ivan in September 2004.

    What are hurricanes and how do they form?

    • Formation: Hurricanes form over warm ocean waters near the equator where warm, moist air rises from the ocean’s surface, creating low air pressure.
    • Fuel: They are fueled by the heat and moisture evaporating from the ocean, forming clouds and spinning due to the Earth’s rotation.
    • Eye Formation: As the storm system intensifies, an eye forms at its centre, with storms rotating counterclockwise north of the equator and clockwise south of it.
    • Impact of Warming World: Warmer sea surface temperatures due to climate change may lead to slower decay of hurricanes upon landfall, potentially increasing their severity.

    Are hurricanes becoming more severe now?

    • Research Findings: Studies suggest that warmer sea surface temperatures contribute to the slower decay of hurricanes, potentially prolonging their destructive impacts inland.
    • Record-Breaking Seasons: The 2020 Atlantic Hurricane season has seen a record number of named storms, indicating a trend towards more frequent and intense hurricane activity.

    What is the difference between a hurricane and a tropical storm?

    • No Fundamental Difference: Hurricanes, typhoons, and cyclones are all types of tropical cyclones, named differently based on their location:
    • Hurricanes: Form over the Atlantic Ocean and the eastern Pacific Ocean.
    • Typhoons: Form in the Northwest Pacific Ocean.
    • Cyclones: Form in the Bay of Bengal and the Arabian Sea.
    • Naming Conventions: The different names signify regional differences but refer to the same meteorological phenomenon of tropical cyclones.

    Way forward: 

    • Implementation of Advanced Forecasting Technologies: Invest in state-of-the-art meteorological tools and satellite technology to enhance the accuracy and lead time of hurricane forecasts.
    • Community Preparedness Programs: Establish comprehensive community outreach programs to educate residents about hurricane risks, evacuation procedures, and emergency shelter locations.

    Mains PYQ:

    Q Discuss the meaning of colour-coded weather warnings for cyclone prone areas given by India Meteorological Department. (UPSC IAS/2014)

  • What is on the agenda for the 16th Finance Commission?  

    Why in the news? 

    The 16th Finance Commission, under Article 280, focuses on devolving funds. Amendments like 73rd and 74th mandate it to bolster state funds for panchayats and municipalities.

    About 16th Finance Commission

    • The 16th Finance Commission of India was constituted on December 31, 2023, with Dr. Arvind Panagariya as its Chairman.
    • The President of India appointed the Commission in pursuance of Article 280(1) of the Constitution

    How do other countries devolve funds to their local governments?

    • International Comparison: Countries like South Africa, Mexico, the Philippines, and Brazil allocate significantly higher percentages of their GDP (1.6% to 5.1%) to urban local bodies compared to India’s 0.5%.
    • Importance of Intergovernmental Transfers (IGTs): IGTs make up about 40% of Urban Local Bodies (ULBs) revenue in India but suffer from unpredictability, lack of earmarking for vulnerable groups, and horizontal equity.
    • Financial Health of ULBs: Despite efforts by multiple Finance Commissions, financial devolution to cities in India remains inadequate, affecting city productivity and quality of life.

    Why is the Census significant?

    • Data Dependence: The absence of the 2021 Census data makes it challenging to accurately assess urban growth and demographic changes crucial for evidence-based fiscal devolution.
    • Urban Dynamics: India has approximately 4,000 statutory towns, an equal number of Census towns, and a large number of effectively urban villages, which need accurate enumeration for effective planning and resource allocation.
    • Migration Impact: The Census data is essential to capture the significant migration to Tier-2 and Tier-3 cities, impacting their infrastructure and service needs.

    What about cities and the Taxation system?

    • Impact of GST: The introduction of GST has reduced ULBs’ tax revenue (excluding property tax) significantly, impacting their financial autonomy.
    • Low IGTs: Intergovernmental transfers from States to ULBs in India are minimal (around 0.5% of GDP), much lower than other developing nations, exacerbating fiscal challenges.
    • Constitutional Provisions: Despite the 74th constitutional amendment aimed at empowering ULBs, progress has been limited over three decades, hampering urban development.
    • Parallel Agencies: The growth of parallel agencies and schemes like MP/MLA Local Area Development Schemes distort the federal structure and weaken ULBs’ financial and operational autonomy.

    Way forward: 

    • Enhanced Intergovernmental Transfers (IGTs): Increase IGTs from States to Urban Local Bodies (ULBs) to at least 2% of GDP, ensuring predictability and earmarking for vulnerable groups.
    • Reform in Urban Governance and Fiscal Autonomy: Strengthen constitutional provisions to empower ULBs further, reducing dependence on parallel agencies like MP/MLA Local Area Development Schemes.

    Mains PYQ: 

    Q How is the Finance Commission of India constituted? What do you know about the terms of reference of the recently constituted Finance Commission? Discuss. (UPSC IAS/2018)

  • At the end of Pride Month, assessing the LGBTQIA+ communities’ rights   

    Why in the news? 

    Every June, Pride Month is celebrated globally to honour the contributions of LGBTQIA+ community members and to promote love, diversity, and acceptance.

    Varying rights and status of LGBTQIA+ communities across the world:

    • Legalization and Criminalization of Same-Sex Acts: The legal status of same-sex acts varies significantly while 37 countries have fully legalized same-sex marriage, 59 countries still penalize any expression of queerness, with severe punishments in some regions.
    • Marriage Rights: Same-sex marriage is legal in 37 countries, banned in 79 countries, and in some places, same-sex couples can only opt for civil unions, leaving their status partially recognized.
    • Employee Protections: Legal protections for queer employees are inconsistent. While 27 countries offer legal aid based on sexual orientation, 90 countries lack any legal protections for queer employees. India and three other countries provide legal aid based on gender identity, including transgender persons.
    • Adoption Rights: Adoption rights for same-sex couples also vary. In 39 countries, same-sex parents can adopt children, while 45 countries ban this practice. In 100 countries, single parents can adopt under certain conditions, similar to India’s laws.
    • Social and Legal Challenges: Despite legal advancements in some areas, LGBTQIA+ individuals globally continue to face significant social and legal challenges, including discrimination, harassment, and exclusion, with varying levels of legal aid and recognition depending on the country.

    Indian Scenario

    • Decriminalization of Homosexuality: In 2018, the Supreme Court of India partially struck down Section 377 of the Indian Penal Code, decriminalizing homosexuality. Same-sex couples have the right to cohabitation but not to legal marriage or unions.
    • Discrimination and Harassment: Queer individuals in India still face significant discrimination, harassment, and exclusion.
    • Legal Protections for Transgender and Intersex Individuals: The Transgender Persons (Protection of Rights) Act, 2019, prohibits unfair treatment in employment, education, healthcare, public facilities, and residence. Legal recourse is available for discrimination based on gender identity but not sexual orientation.
    • Adoption Rights: Same-sex couples cannot be recognized as co-parents to an adopted child. Single prospective adoptive parents, regardless of marital status, are allowed to adopt under the Juvenile Justice (Care and Protection of Children) Act, 2015.

    Way forward: 

    • Expand Legal Recognition: Countries should work towards fully recognizing same-sex marriages and providing comprehensive legal protections against discrimination based on sexual orientation and gender identity.
    • Education and Awareness: Implement nationwide educational programs to raise awareness about LGBTQIA+ issues, combat stereotypes, and promote understanding and acceptance. This can involve incorporating LGBTQIA+ history and rights into school curriculums and conducting public awareness campaigns.
    • Economic Opportunities: Ensure equal opportunities in the workplace by promoting diversity and inclusion policies, providing sensitivity training for employers, and supporting LGBTQIA+ entrepreneurs. Governments and organizations can offer grants, mentorship programs, and other resources to empower LGBTQIA+ individuals economically.

    Mains PYQ: 

    Q ‘Women’s movement in India has not addressed the issues of women of lower social strata.’ Substantiate your view. (UPSC 2018)

  • What is Project Nexus that RBI has signed up for?

    Why in the news? 

    The Reserve Bank of India (RBI) has become a part of Project Nexus, a global initiative aimed at facilitating instant cross-border retail payments by connecting domestic Fast Payments Systems (FPSs).

    What is Project Nexus?

    • Project Nexus is conceptualized by the Innovation Hub of the Bank for International Settlements (BIS).
    • It is the first BIS Innovation Hub project in the payments area moving towards live implementation.
    • Aim: To enhance cross-border payments by connecting multiple domestic instant payment systems (IPS) globally.
    • The Reserve Bank of India (RBI) has joined Project Nexus, aiming to interlink India’s Unified Payments Interface (UPI) with the Fast Payments Systems (FPSs) of Malaysia, the Philippines, Singapore, and Thailand.
    • The platform is designed to be extended to more countries in the future.

    About Fast Payments Systems (FPSs):

    Fast payment systems (FPSs) are real-time payment systems that enable the immediate transfer of funds between accounts. Some key points about FPSs:

    • FPSs allow for the fast, secure, and low-cost processing of retail transactions, ensuring funds are immediately available to the recipient.
    • FPSs are becoming increasingly popular globally, with over 100 jurisdictions now having access to fast payment systems. They foster competition among payment service providers and serve as a gateway to additional financial services.
    • The design of FPSs is important, as they have public good characteristics. Factors that contribute to greater adoption of FPSs include central bank involvement, inclusion of non-bank providers, more use cases, and more cross-border connections.
    • The Payment and Settlement Systems Act, of 2007 regulates and supervises payment systems in India. It designates the Reserve Bank of India has the authority for that purpose and all related matters.

    What are the benefits of the platform?

    • Standardization: Project Nexus standardizes the way IPS connect to each other, simplifying the process.
    • Single Connection: Payment system operators can connect to the Nexus platform once, allowing them to reach all other countries on the network without building custom connections for each.
    • Instant Payments: Enables cross-border payments from sender to recipient within 60 seconds in most cases.
    • Cost Efficiency: Provides near-zero cost for sending and receiving payments.
    • Growth Acceleration: Significantly accelerates the growth of instant cross-border payments by leveraging existing instant payment systems.

    Way forward: 

    • Expand Membership: Actively encourage more countries to join Project Nexus, thereby increasing the global reach and impact of the platform. (Indonesia is joining in the near future)
    • Enhance Technological Infrastructure: Invest in robust and scalable technological infrastructure to support seamless integration and interoperability among different FPSs.

    Mains PYQ:

    Q What is Cryptocurrency? How does it affect global society? Has it been affecting Indian society also? (UPSC IAS/2021)

  • Worlds Oldest Prehistoric Ostrich Nest discovered in Andhra 

    ostrich
    PC: India Today

    Why in the News?

    Archaeologists have discovered a 41,000-year-old ostrich nest in Prakasam, Andhra Pradesh.

    Prehistoric Ostrich Nest: Details of the Discovery

    • The nest, identified as the world’s oldest known ostrich nest, measures 9-10 feet in width.
    • The nest was once home to 9-11 eggs but was capable of holding 30-40 eggs at a time.
    • Ostriches are mega omnivores, weighing between 90 and 140 kg and standing seven to nine feet tall.

    What are Megafauna?

    • Megafauna generally refers to animals weighing more than 50 kg, though scientific definitions vary.
    • The term was first used by Alfred Russel Wallace in his 1876 book, “The Geographical Distribution of Animals.”
    • Megafauna can be classified into:
      • Megaherbivores (plant-eaters),
      • Megacarnivores (meat-eaters), and
      • Megaomnivores (who eat both plants and meat).

    Historical Evidence of Megafauna

    • Early Documentation: Richard Lydekker in 1884 presented the earliest documented evidence of ostriches in the subcontinent, identifying the extinct Struthio asiaticus in the Dhok Pathan deposits in Upper Siwalik Hills, present-day Pakistan.
    • Discoveries in Maharashtra: Archaeologist S A Sali in 1989 reported ostrich eggshell beads and engraved pieces dating back to 50,000–40,000 years ago at Patne, Maharashtra.
    • CCMB Research in 2017: Researchers at the Centre for Cellular and Molecular Biology (CCMB) in Hyderabad established the presence of ostriches in Rajasthan, Madhya Pradesh, and Gujarat 25,000 years ago.

    Broader Implications and Studies

    • Biogeographical Dispersion: The presence of ostriches in India is attributed to bio-geographical dispersion from the continental drifting of Gondwanaland.
    • Late Quaternary Extinctions: The study, titled ‘Late Quaternary extinctions in the Indian Subcontinent,’ established that the disappearance of large animals began around 30,000 years ago, coinciding with the arrival of humans.
    • Co-Evolution Hypothesis: The study supports the hypothesis that fauna and their resilience to extinction resulted from coevolution with hominins, with geographic isolation and abiotic factors accelerating extinction.

    PYQ:

    [2018] The term “sixth mass extinction/sixth extinction” is often mentioned in the news in the context of the discussion of:

    (a) Widespread monoculture practices in agriculture and large-scale commercial farming with indiscriminate use of chemicals in many parts of the world that may result in the loss of good native ecosystems.

    (b) Fears of a possible collision of a meteorite with the Earth in the near future in the manner it happened 65 million years ago that caused the mass extinction of many species including those of dinosaurs.

    (c) Large-scale cultivation of genetically modified crops in many parts of the world and promoting their cultivation in other parts of the world which may cause the disappearance of good native crop plants and the loss of food biodiversity.

    (d) Mankind’s over-exploitation/misuse of natural resources, fragmentation/loss of natural habitats, destruction of ecosystems, pollution and global climate change.

  • India seeks Tariff Elimination on key items in CEPA Talks with South Korea

    Why in the News?

    • India wants, South Korea to eliminate tariffs on items such as varieties of meat, milk, fruits, fish, stones, yarn, and petroleum products.
      • These items were previously exempted or protected against steep cuts in the India-Korea Comprehensive Economic Partnership Agreement (CEPA).

    What is CEPA?

    Details
    Definition A CEPA is a broad trade agreement that encompasses trade in goods and services, investments, intellectual property rights, and economic cooperation.
    Key Components
    • Trade in Goods: Reduction/elimination of tariffs and non-tariff barriers.
    • Trade in Services: Liberalization of service sectors.
    • Investment: Protection and promotion of investments.
    • Intellectual Property Rights (IPR): Strengthening protection of IPR.
    • Economic Cooperation: Collaboration on economic and technical aspects.
    • Dispute Resolution: Mechanisms for resolving disputes.
    Objectives
    • Enhance bilateral trade.
    • Promote investment.
    • Foster economic integration.
    • Encourage innovation and economic growth.
    Examples
    • India-Japan CEPA: Signed in 2011, focuses on tariff reduction, service trade liberalization, and investment promotion.
    • India-Mauritius CECPA: Effective from April 2021, includes provisions on trade in goods, services, and investment.
    • India-UAE CEPA: Entered into force on May 1, 2022
    Significance for India
    • Economic Growth: Provides new markets for Indian goods and services.
    • Job Creation: Increased trade and investment can create jobs.
    • Technological Advancements: Access to new technologies and best practices.
    • Strategic Partnerships: Strengthens economic and strategic ties.
    Challenges
    • Implementation Issues: Requires robust legal and institutional frameworks.
    • Domestic Industry Impact: Concerns about increased competition.
    • Regulatory Harmonization: Differences in regulatory standards can pose challenges.

    India-South Korea CEPA: A quick recap

    • The India-South Korea CEPA was signed in August 2009 and implemented in January 2010.
    • It covers trade in goods, investments, services, and bilateral cooperation.
    • Tariff Concessions:
      • India offered tariff elimination or concessions on 83.8% of tariff lines from South Korea.
      • While South Korea offered concessions on 93.2% of tariff lines.

    Upcoming Negotiations

    • Trade Deficit Focus: Narrowing the trade deficit with South Korea is high on India’s agenda.
    • Stakeholder Involvement: Indian industry stakeholders have been provided with a draft request list and asked to suggest more items for tariff cuts or propose deletions if needed.
    • Standards and Technical Barriers: The Department of Commerce has requested the industry to share issues related to SPS (Sanitary and Phytosanitary) and TBT (Technical Barriers to Trade) standards faced while exporting to South Korea.

    Back2Basics:

    Sanitary and Phytosanitary (SPS) Measures:

    • SPS measures are protocols implemented by countries to protect human, animal, and plant life from diseases, pests, and contaminants. 
    • These measures are primarily focused on ensuring the safety of food products and preventing the spread of diseases and pests across borders.
    • SPS measures must be based on scientific evidence and risk assessments to ensure they are appropriate and effective.
    • Examples: quarantine requirements for imported plants and animals, limits on pesticide residues in food, and import bans from regions affected by specific diseases.

    Technical Barriers to Trade (TBT):

    • TBT are regulations and standards related to product safety, quality, and environmental impact.
    • They aim to protect human health and safety, animal and plant life, the environment, and to prevent deceptive practices.
    • These measures should not create unnecessary obstacles to international trade and must be transparent and non-discriminatory.
    • Examples: Labeling requirements for food products, safety standards for electrical appliances, and environmental regulations for vehicle emissions.

    Major Issue: Trade Deficit Concerns

    • Trade Deficit Focus: Reducing the trade deficit with South Korea is a key discussion point for India.
      • Before CEPA (2007-09), India’s average exports to South Korea were $3.4 billion, with imports at $7.3 billion, leading to an average trade deficit of $4 billion.
    • Trade Statistics: In 2023-24, India’s imports from South Korea were $21.13 billion, while exports were only $6.41 billion.
    • Post-CEPA Data: After CEPA (2022-24), average exports increased to $7.1 billion, and imports surged to $19.9 billion, resulting in an average trade deficit of $12.8 billion.
    • GTRI Analysis: The Global Trade and Research Initiative (GTRI) report indicates a 220% increase in the trade deficit from the pre-CEPA period to the post-CEPA period.

    PYQ:

    [2015] The terms ‘Agreement on Agriculture’, ‘Agreement on the Application of Sanitary and Phytosanitary Measures’ and Peace Clause’ appear in the news frequently in the context of the affairs of the:

    (a) Food and Agriculture Organization

    (b) United Nations Framework Conference on Climate Change

    (c) World Trade Organization

    (d) United Nations Environment Programme

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