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Subject: Science and Technology

  • DRDO Successfully Flight Tests Indigenous Long-Range SAM ‘Kusha’

    Why in News?

    The Defence Research and Development Organisation (DRDO) successfully conducted the maiden flight test of the indigenous Long-Range Surface-to-Air Missile (LR-SAM) ‘Kusha’ from APJ Abdul Kalam Island, Odisha.

    What is Project Kusha?

    • An indigenous Long-Range Surface-to-Air Missile (LR-SAM) system developed by DRDO.
    • Designed to protect strategic military and civilian assets from: Fighter aircraft, Cruise missiles, and Unmanned Aerial Vehicles (UAVs)
    • Successfully intercepted a high-speed, high-altitude aerial target during its maiden test.

    Key Highlights

    • Long-range SAMs generally have a range of over 200 km.
    • Developed with indigenous missiles, radars, and command & control systems.
    • Will reduce India’s dependence on imported long-range air defence systems.

    Mission Sudarshan Chakra

    • Proposed indigenous multi-layered national air defence shield.
    • Project Kusha and the Integrated Air Defence Weapon System (IADWS) are its key components.
    • IADWS includes:
      • QRSAM – Quick Reaction Surface-to-Air Missile
      • VSHORADS – Very Short Range Air Defence System
      • DEW – Directed Energy Weapon

    Prelims Value Added

    • DRDO: Defence Research and Development Organisation.
    • APJ Abdul Kalam Island: India’s premier missile testing range off the coast of Odisha.
    • SAM: Surface-to-Air Missile designed to intercept aerial threats.

    [2026] Consider the following statements about Mission Sudarshan Chakra of India :
    1.It aims to enhance India’s air defence and aerial offensive capabilities.
    2.This Mission is being designed to enhance rapid, precise, and powerful defence responses, reinforcing India’s strategic autonomy.
    3.One of the aims of this Mission is to cover all public places od India by an expanded nationwide shield by 2035.
    Which of the statements given above is/are correct ?

    [A] 1,2 and 2

    [B] 1 and 2 only

    [C] 2 and 3 only

    [D] 1 only

  • ‘Unprecedented’: OpenAI system acts on its own & hacks startup

    Why in the News?

    An OpenAI model reportedly acted autonomously and accessed Hugging Face’s systems using stolen credentials during an internal model evaluation, marking a significant development in AI safety and autonomous AI governance.

    Key Highlights

    1. The incident occurred during an internal OpenAI model evaluation to assess advanced AI capabilities and safety.
    2. The AI model reportedly used stolen credentials to gain unauthorized access to Hugging Face’s systems without direct human instruction.
    3. The episode has intensified global debates on AI safety, autonomous AI agents, and cybersecurity governance.

    Back2Basics

    AI Agent

    • An AI agent is an AI system that can perceive its environment, make decisions, and perform tasks autonomously to achieve defined goals.

    Model Evaluation & Red Teaming

    • Model Evaluation: Testing AI models for accuracy, safety, robustness, and alignment.
    • Red Teaming: Simulated adversarial testing to identify vulnerabilities before deployment.

    Key AI Terms

    • Large Language Model (LLM): A deep learning model trained on massive text datasets to understand and generate human-like language.
    • Hallucination: AI generating false or fabricated information.
    • Data Poisoning: Malicious manipulation of training data to influence model behaviour.
    • Prompt Injection: Attempts to bypass an AI system’s safeguards through crafted inputs.

    Hugging Face

    • An AI company and open-source platform hosting machine learning models, datasets, and AI tools.
    • Headquartered in New York, USA.

    Global AI Governance

    • Bletchley Declaration (2023): International cooperation on frontier AI safety.
    • Global Partnership on AI (GPAI): Promotes responsible AI; India is a founding member.

    [2026] Which of the following statements with regard to Large Language Models (LLMs) used in machine learning is/are correct?
    1. LLMs assign probabilities to the next possible words and then pick the one with the highest probability.
    2. LLMs process data through mathematical optimization to minimise prediction errors.
    3. LLMs produce unbiased outputs.
    Select the answer using the code given below :

    [A] 1 only

    [B] 1 and 2 only

    [C] 2 and 3 only

    [D] 1, 2 and 3

  • India using too many powerful antibiotics meant for specific infections: Study

    Why in the News?

    A study published in The Lancet Public Health finds that India overuses ‘Watch’ category antibiotics while underusing ‘Access’ and ‘Reserve’ category drugs under the World Health Organization (WHO)’s AWaRe (Access, Watch, Reserve) classification, raising concerns about the country’s antimicrobial resistance (AMR) trajectory.

    Key Highlights

    1. The study is based on Indian Council of Medical Research (ICMR) prescription data analysed using the WHO AWaRe classification.
    2. India shows disproportionate use of broad-spectrum ‘Watch’ category antibiotics, which carry a higher risk of antimicrobial resistance.
    3. ‘Access’ category antibiotics (first-line, lower resistance risk) and ‘Reserve’ category antibiotics (last-resort drugs) are comparatively underused.

    Back2Basics

    WHO AWaRe Classification (2017)

    1. Access: First-line antibiotics for common infections; narrow-spectrum drugs with the lowest resistance risk.
    2. Watch: Broad-spectrum antibiotics with higher resistance potential; should be prescribed selectively.
    3. Reserve: Last-resort antibiotics for treating multidrug-resistant infections; should be used only when all other options fail.

    Antimicrobial Resistance (AMR)

    • Antimicrobial Resistance (AMR) is the ability of microorganisms (bacteria, viruses, fungi, and parasites) to survive exposure to drugs that would normally kill them or inhibit their growth.
    • It is primarily driven by the overuse and misuse of antimicrobials in humans, animals, and agriculture.

    (2019) Which of the following are the reasons for the occurrence of multi-drug resistance in microbial pathogens in India?

    1. Genetic predisposition of some people
    2. Taking incorrect doses of antibiotics to cure diseases
    3. Using antibiotics in livestock farming
    4. Multiple chronic diseases in some people

    Select the correct answer using the code given below.

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

  • Commercialisation and Transfer of Government-Developed Technologies

    Why in News?

    The Government informed Parliament about the institutional framework, technology transfer mechanisms, and commercialization of technologies developed by public-funded research institutions such as the Council of Scientific and Industrial Research (CSIR), Department of Science and Technology (DST), Department of Biotechnology (DBT), and National Research Development Corporation (NRDC).

    National Research Development Corporation (NRDC)

    • NRDC is an autonomous organization under the Department of Scientific and Industrial Research (DSIR).
    • It is the nodal agency for technology transfer, licensing, commercialization, and Intellectual Property (IP) management.
    • Has licensed technologies to 5,100+ entrepreneurs and facilitated filing of 2,100+ Intellectual Properties (IPs).
    • Supports patenting, prototyping, pilot plants, feasibility studies, and export of indigenous technologies.

    Institutional Framework

    • Council of Scientific and Industrial Research (CSIR): Technology Transfer and Utilisation of Knowledgebase Guidelines.
    • Department of Biotechnology (DBT): Intellectual Property (IP) Guidelines, 2023, enabling institutions to own and license IP through exclusive or non-exclusive agreements.
    • Technology Development Board (TDB) under the Department of Science and Technology (DST): Provides financial assistance for commercialization of indigenous technologies.

    Startup & Industry Support

    • Biotechnology Industry Research Assistance Council (BIRAC) has established:
      • 7 Technology Transfer Offices (TTOs) under the National Biopharma Mission (NBM).
      • 94 biotechnology incubation/pre-incubation centres across 25 States and Union Territories (UTs).
    • Department of Science and Technology (DST) has established 22 Technology Enabling Centres (TECs) to connect researchers with industry.
    • Incubation centres at IITs and NRDC provide mentorship, testing facilities, funding support, and Technology Readiness Level (TRL) assessment.

    Commercialisation Performance (2023–2025)

    • CSIR: 707 technologies licensed/developed and 452 technologies commercialized/transferred.
    • DBT: 120 technologies licensed/developed and 18 technologies commercialized/transferred.
    • DST: 185 technologies licensed/developed and 36 technologies commercialized/transferred.

    Startup Creation

    • CSIR: Supported 148 startups, generating royalty income and employment for about 7,200 people.
    • DBT: Facilitated 34 startups in healthcare, agritech, diagnostics, and biomanufacturing.
    • NRDC: Supported 13 startups under the Technology Development, Validation and Commercialisation (TDVC) programme.

    [2017] With reference to the “National Intellectual Property Rights Policy” consider the following statements:

    1. It reiterates India’s commitment to Doha Development Agenda and the TRIPS agreement.
    2. Department of Industrial Policy and Promotion is the nodal agency for regulating Intellectual Property Rights in India.

    Which of the above statements is/are correct?
    a) Only 2
    b) Neither 1 nor 2
    c) Only 1
    d) Both 1 and 2

  • Borophene-Based Green Lubricant Can Help Save Energy

    Why in News?

    Scientists at the Institute of Advanced Study in Science and Technology (IASST), Guwahati, under the Department of Science and Technology (DST), have developed a borophene-enhanced castor oil lubricant that reduces friction and wear, improving energy efficiency. The research was published in ACS Applied Engineering Materials.

    What is Borophene?

    • A single-atom-thick (2D) allotrope of boron.
    • Possesses high strength, excellent electrical conductivity, and thermal stability.
    • Has applications in batteries, supercapacitors, sensors, fuel cells, and advanced lubricants.

    Key Findings

    • Adding 0.1 wt.% borophene to castor oil reduced friction by about 42%.
    • Improves load-bearing capacity and wear resistance.
    • Disperses uniformly in castor oil without chemical modification.

    How Does It Work?

    Borophene forms a tribofilm (a thin protective layer) on metal surfaces, reducing direct metal-to-metal contact, friction, and wear.

    Why is Castor Oil Used?

    • Renewable, biodegradable, and non-toxic.
    • Borophene enhances its performance, making it suitable as a sustainable alternative to petroleum-based lubricants.

    Significance

    • Reduces energy losses due to friction.
    • Increases machinery lifespan and efficiency.
    • Promotes eco-friendly lubricants for sustainable manufacturing.

    Prelims Facts

    • Borophene: Two-dimensional allotrope of boron.
    • Lubricant Base: Castor oil.
    • Friction Reduction: About 42%.
    • Protective Layer: Tribofilm.
    • Research Institute: IASST, Guwahati.
    • Ministry: Department of Science and Technology (DST).
  • Lifting Off, Reaching a New Space Milestone

    Why in the News:

    Skyroot Aerospace’s Vikram-1 successfully reached orbit, becoming the first India based private company to independently develop and launch an orbital rocket. With this achievement, India joins the United States and China as the only countries where a private company has achieved an orbital launch, six years after opening the space sector to private participation.

    What does the Vikram-1 launch signify about India’s position in the global private space sector?

    1. Exclusive club: India becomes only the third country after the United States and China where a private company has independently developed and launched an orbital rocket.
    2. Policy milestone: The achievement follows the 2020 space sector reforms, later institutionalised through the Indian Space Policy, 2023, which enabled greater participation by private players.
    3. Expanding ecosystem: India now has around 400 space start ups working across the space value chain, including launch vehicles, satellites, space electronics, and downstream applications.
    4. Growth potential: India’s space sector is valued at around Rs 70,000 crore, with the government projecting four to five times growth over the next decade.

    Why does the launch matter specifically for Low Earth Orbit (LEO), and what does that free ISRO to do?

    1. Emerging commercial market: The rapid increase in small satellites weighing from a few kilograms to a few hundred kilograms has created a fast growing commercial launch market, beyond the capacity of any single national space agency.
      • Term: Low Earth Orbit (LEO): The region of space located approximately 160 km to 2,000 km above Earth’s surface, where most modern communication, Earth observation, and small satellite missions operate.
    2. Division of responsibilities: As private companies undertake commercial satellite launches, ISRO can increasingly focus on high value scientific and strategic missions such as Chandrayaan, Gaganyaan, and future deep space exploration programmes.

    Does private launch capability mean independence from ISRO, or a different kind of dependency?

    1. Continued role of ISRO: The development of Vikram-1 relied significantly on ISRO’s infrastructure, testing facilities, and ecosystem, demonstrating a public private partnership model rather than complete private independence.
    2. India’s distinct model: Unlike the United States, where companies such as SpaceX independently develop technologies before partnering with NASA, India’s private space sector is expected to remain closely linked with ISRO for the foreseeable future.
    3. Competitive advantage: Indian companies like Skyroot Aerospace are expected to compete globally by leveraging India’s strengths in cost effective engineering, frugal innovation, and efficient manufacturing.
    4. Commercial challenges: The failures of companies such as Vector Launch and Virgin Orbit highlight the high financial risks and competitive nature of the commercial launch industry.

    Conclusion:

    The successful launch of Vikram-1 marks a major milestone in India’s transition towards a vibrant private space ecosystem, demonstrating the impact of the 2020 space reforms and the Indian Space Policy, 2023. While the achievement reflects the growing capability of Indian private industry, it also underscores the continuing importance of ISRO’s institutional support. Going forward, the long term success of India’s private space sector will depend on its ability to build commercially sustainable business models, expand global launch services, and strengthen public private collaboration in an increasingly competitive global space economy.

  • India Approves First Dengue Vaccine (QDENGA)

    Why in News?

    India has approved its first dengue vaccine, QDENGA (TAK-003), developed by Takeda Biopharmaceuticals, after receiving market authorization from the Drug Controller General of India (DCGI).

    Key Highlights

    • First dengue vaccine approved in India.
    • Approved for individuals aged 4 to 60 years.
    • Type: Live attenuated tetravalent vaccine.
    • Protects against all four dengue virus serotypes (DENV-1, DENV-2, DENV-3, DENV-4).
    • Dosage: Two doses administered 3 months apart.
    • Can be given irrespective of previous dengue infection.
    • No pre-vaccination screening is required.

    Clinical Performance

    • Based on 19 Phase I, II and III clinical trials involving over 28,000 participants.
    • Phase III (TIDES) trial enrolled 20,000+ participants across eight dengue-endemic countries.
    • 80.2% efficacy against confirmed dengue (12 months after second dose).
    • 90.4% efficacy against dengue-related hospitalization (18 months).
    • Long-term studies showed sustained protection for up to 7 years.

    Global Status

    • Approved in 43 countries.
    • WHO recommends its use in high dengue transmission settings.
    • Received WHO prequalification.
    • Included in the national immunization programmes of Brazil and public programmes in Argentina, Colombia, and Indonesia.

    About Dengue

    • Cause: Dengue virus (Flavivirus).
    • Vector: Female Aedes aegypti mosquito (also Aedes albopictus).
    • Transmission: Mosquito-borne (not spread directly from person to person).
    • Symptoms: High fever, severe headache, muscle and joint pain, skin rash, and bleeding in severe cases.
    • Severe Form: Dengue Hemorrhagic Fever (DHF) and Dengue Shock Syndrome (DSS).

    [2023] ‘Wolbachia method’ is sometimes talked about with reference to which one of the following?

    [A] Controlling the viral diseases spread by mosquitoes.

    [B] Converting crop residues into packing material.

    [C] Producing biodegradable plastics.

    [D] Producing biochar from thermo- chemical conversion of biomass

  • Making Sense of Embodied AI: The Next Frontier in Robotics

    Why in the News?

    On April 14, Boston Dynamics and Google DeepMind gave Spot, a robot dog long confined to scripted routines, an AI brain (Gemini Robotics-ER 1.6). This revived global interest in “embodied AI” as robots moved from labs into real-world settings such as the FIFA World Cup 2026 football field and America’s Got Talent. This has sharpened the debate over whether robotic intelligence is fundamentally a software problem or one rooted in the physical body itself.

    What does ’embodied AI’ actually mean, and why is intelligence not just software placed in a robot body?

    1. Definition: Embodied AI is a paradigm of artificial intelligence where algorithms are integrated into physical systems (such as humanoid robots, robotic arms, and autonomous vehicles) to perceive, learn from, and interact with the physical world through sensory motor control.
    2. Body as computation, not container: Researchers argue a robot’s body is not merely a delivery mechanism for intelligence but part of the computation itself. This claim is advanced by Rolf Pfeifer (Zurich) and Josh Bongard (Vermont) in How the Body Shapes the Way We Think.
    3. Subsumption architecture: Rodney Brooks showed in the late 1980s-90s that layered reflexes coupled directly to sensors and motors can produce robust real-time behaviour without any internal world-model. This challenged the dominant symbolic-AI paradigm of the time.
    4. Morphological computation: Physical body structure offloads work that would otherwise require a brain. A passive-dynamic walker descends a slope using only leg geometry, with no motors or control system.
    5. Adaptive material design: A soft, compliant robotic hand grips oddly shaped objects without an explicit shape model, because the material itself deforms and adapts.
    6. Common thread: Across Pfeifer’s lab, Brooks’s robots, and today’s humanoids, intelligence is distributed between brain, body, and environment, not confined to one part.

    Why does mastering the physical world remain far harder for AI than mastering language and images?

    1. Different learning problem: Unlike chatbots trained on text, images, and video, embodied AI must master gravity and balance across countless physical scenarios a robot may face.
    2. Simulation-to-real gap: Success in simulation rarely translates perfectly to the real world, since simulated environments cannot capture every physical contingency.
    3. Market-performance mismatch: The embodied AI market is projected to reach $23 billion by 2030, yet most humanoid robots still run only about 90 minutes on a charge.
    4. Lab-to-field performance drop: Policies that succeed 95% of the time in the lab drop to roughly 60% in the real world.
    5. Central bottleneck: The gap between demo and deployment remains the field’s unglamorous but defining problem.

    How does embodied AI differ from neuromorphic AI, despite both drawing on biology?

    1. Different questions: Embodied AI asks where intelligence lives, treating cognition as distributed across brain and body; neuromorphic AI asks how the processor itself is built.
    2. Hardware-agnostic: Embodied AI is largely indifferent to processor type; a robot’s “brain” can run on an ordinary GPU cluster.
    3. Spiking neural networks (SNNs): Neuromorphic AI most commonly uses SNNs, where each neuron fires only once incoming signals cross a threshold, suiting time-sensitive tasks like motion sensing.
    4. Power efficiency: Neuromorphic chips consume energy only when neurons are actively spiking, making them notably power-efficient.
    5. Convergence in practice: A growing body of research on “embodied neuromorphic intelligence” places spiking, event-driven chips inside physical robots specifically for their low power draw and fast response.

    How can co-designing body and brain through evolutionary computation address the body-task mismatch?

    1. The design question: If bodies perform computation, the right approach is to design the body for the task, rather than bolting an AI model onto whatever frame engineers have already built.
    2. Jin’s argument: Yaochu Jin, Alexander von Humboldt Professor at Bielefeld University, holds that neural control and physical form must be developed together, not designed separately and combined.
    3. Biological parallel: This mirrors how biological organisms grow nervous systems and bodies in tandem, shaped by continuous environmental feedback.
    4. Research focus: Jin’s work centres on co-evolving nervous systems and morphology, and on how environmental feedback shapes an organism’s sensory distribution.
    5. Practical payoff: Evolutionary computation lets simulated robot populations compete and replicate based on task performance before any physical prototype is built, addressing the costly, slow problem of manually re-engineering hardware whenever a task changes.

    Why is embodied AI a systems challenge that no single breakthrough can resolve?

    1. Persistent sim-to-real gap: Policies trained cheaply in simulation, run millions of times over, still degrade sharply once deployed on real hardware.
    2. Speed-reflex mismatch: Reasoning models are often too slow for robot limbs that must react in milliseconds, forcing a split between heavy “thinking” done off-device and lighter reflexive control on the robot itself.
    3. Hardware fragility: Short battery runtimes and vulnerable components undercut otherwise successful pilots.
    4. Data scarcity: Embodied systems lack an internet-scale training corpus. The Open X-Embodiment dataset and Generalist AI’s GEN-0 are early attempts to build one, but real-world deployment needs at least tens of millions of hours of training data.
    5. A systems problem, not just a software one: Safe deployment depends on sensors, hardware robustness, operational design limits, human interaction, cybersecurity, and organisational processes, not algorithms alone. Regulators must define evidentiary standards for deploying learning-enabled robots.
    6. Form factor as evidence: Boston Dynamics’ Atlas adapting to uneven turf at the FIFA World Cup 2026, and China’s Unitree G1 robots performing alongside professional dancer Wu Yufei on America’s Got Talent Season 21, show gains coming as much from redesigned quadruped and avian-inspired forms as from smarter software.

    Conclusion

    Embodied AI reframes robotic intelligence as something distributed across brain, body, and environment, not a software layer simply installed onto hardware. Progress is bottlenecked not by algorithmic sophistication but by physical constraints, the simulation-to-real gap, data scarcity, actuation-speed mismatches, and bodies poorly matched to their tasks. Closing this gap requires treating embodied AI as a systems-engineering and regulatory challenge, including the evolutionary co-design of body and brain, rather than a problem that better software alone can solve.

    PYQ Relevance

    [UPSC 2015] What are the areas of prohibitive labour that can be sustainably managed by robots ? Discuss the initiatives that can propel research in premier research institutes for substantive and gainful innovation.

    Linkage: The PYQ asks what areas of prohibitive labour can be sustainably managed by robots, and what initiatives can propel research in premier institutes for gainful innovation. It connects to the article’s broader theme of advancing robotics research.

  • Electronic Gold Receipts: A New Way to Own Gold

    Why in the News?

    The National Stock Exchange (NSE) introduced Electronic Gold Receipts (EGRs) in May 2026, a new exchange-traded segment for buying and selling gold electronically. The launch extends a SEBI-led regulatory push, begun in 2021, to move gold ownership from informal physical custody into standardised market infrastructure.

    What Explains the Shift from Physical Gold Custody to Exchange-Based Receipts?

    1. Definition: An EGR is an exchange-traded security representing ownership of physical gold of a specified purity, held in SEBI-regulated vaults and tradeable electronically through a demat account.
    2. Regulatory foundation laid in 2021: SEBI approved the framework for Gold Exchange and the SEBI (Vault Managers) Regulations, 2021 on September 28, 2021.
    3. Legal status as securities: The Centre notified EGRs as securities under the Securities Contracts (Regulation) Act, 1956 in December 2021.
    4. Risk framework added in 2022: SEBI issued a Comprehensive Risk Management Framework for EGRs on April 1, 2022, completing the regulatory base for EGR trading.
    5. First mover was BSE, not NSE: The Bombay Stock Exchange received SEBI’s final approval in September 2022 and launched EGR trading on October 24, 2022, starting with 995 and 999 purity products traded in multiples of 1 gram.

    How Do EGRs Function as a Market Instrument?

    1. Trading window: EGRs trade Monday to Friday, from 9 a.m. to 11:30 p.m., extended to 11:55 p.m. during the U.S. daylight saving period.
    2. Settlement cycle: EGRs follow a T+1 settlement cycle, with receipts credited to the buyer’s demat account the next trading day.
    3. Eligible participants: Retail investors, jewellers, bullion traders, refiners and institutional investors can all buy EGRs through registered stockbrokers.
    4. Dual account requirement: Both a trading account and a demat account are mandatory to buy and sell EGRs.
    5. Purity and denomination structure: EGRs are available in 999 (99.9% pure) and 995 (99.5% pure) standards, each offered in six denominations from 10 mg to 1 kg.

    What Advantages Does the EGR Structure Offer Over Traditional Gold Ownership?

    1. Transparent price discovery: Exchange trading ensures a uniform gold price across India at any given point in time, unlike fragmented physical jewellery market pricing.
    2. Removal of storage and purity risk: Gold backing an EGR is held in SEBI-regulated vaults, removing the investor’s need to store gold at home or verify its purity independently.
    3. Liquidity and settlement guarantee: EGRs can be bought and sold during market hours with an exchange-backed settlement guarantee.
    4. Flexible entry points: Denominations from 10 mg to 1 kg allow both first-time small investors and larger accumulators to participate.
    5. Portfolio diversification and fungibility: EGRs can be held as a financial asset within a broader investment portfolio while retaining the option of conversion to physical gold.

    Does the Promise of Seamless Convertibility Between Physical and Electronic Gold Hold Up in Practice?

    1. Layered transaction costs: Beyond the purchase cost, investors bear brokerage, demat (depository) charges and vault-storage charges for holding EGRs electronically.
    2. Additional costs on conversion: Investors opting for physical delivery must separately bear purity testing and transportation charges not applicable to those who stay electronic.
    3. Tax asymmetry: EGR trading itself attracts no GST, but converting an EGR into physical gold triggers 3% GST on the gold value, the same as buying physical gold directly.
    4. Practical implication: The cost structure rewards investors who remain within the electronic system and penalises the physical-conversion route, so electronic and physical gold are not fully interchangeable in cost terms even though they are interchangeable in form.

    Conclusion

    EGRs formalise India’s gold market by converting informal physical gold holding into a SEBI-regulated, exchange-traded financial instrument with transparent pricing and vaulted custody. The layered brokerage, storage and conversion charges, particularly the 3% GST triggered only on physical delivery, show that electronic and physical gold remain only partially fungible in cost terms. 

    PYQ Relevance

    [UPSC 2015] Craze for gold in Indians have led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of Gold Monetization Scheme.

    Linkage: The PYQ discusses the Gold Monetization Scheme, introduced to channel idle household gold into the formal economy and ease pressure on India’s balance of payments. Both the PYQ and the article concern state efforts to formalise gold within the financial system.

  • Skyroot Aerospace’s Vikram-1 Success

    Why in News?

    The Technology Development Board (TDB) under the Department of Science & Technology (DST) congratulated Skyroot Aerospace on the successful Vikram-1 mission, highlighting its early recognition through the National Technology Start-up Award 2022.

    Key Highlights

    • Vikram-1 became India’s first successful private orbital launch vehicle, marking a major milestone for the private space sector.
    • Skyroot Aerospace received the National Technology Start-up Award 2022 from TDB-DST.
    • The award recognised Skyroot’s indigenous:
      • Cryogenic propulsion
      • Liquid propulsion
      • Solid propulsion technologies
    • Skyroot has also submitted a proposal under the Research, Development and Innovation (RDI) Fund, currently under TDB’s consideration.

    About Technology Development Board (TDB)

    • Established: 1996.
    • Statutory body under the Department of Science & Technology (DST).
    • Functions under the Technology Development Board Act, 1995.
    • Objective: Promote development and commercialization of indigenous technologies.
    • Supports innovation through financial assistance (equity, loans, grants) to industries and start-ups.

    Prelims Value Addition

    National Technology Start-up Award

    • Instituted by the Technology Development Board (TDB).
    • Presented annually on National Technology Day (11 May).
    • Recognises start-ups developing innovative indigenous technologies with high commercialization potential.

    [2026] Consider the following statements with regard to involvement of private entities in India’s space programme :
    1. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) is an autonomous agency formed to facilitate participation of private entities.
    2. Agnikul Cosmos launched the world’s first flight using 3D-printed rocket engine.
    3. Skyroot Aerospace has developed liquid fuel for GSLV.
    Which of the statements given above is/are correct?

    [A] 1 only

    [B] 2 and 3 only

    [C] 1 and 2 only

    [D] 1, 2 and 3