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Type: Prelims Only

  • International Space Agencies – Missions and Discoveries

    NASA’s Cassini-Huygens Mission

    Prelims Only | Science Tech | Mains Paper 3: Awareness in various sc and tech fields

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Cassini-Huygens Mission, Titan

    Why in the News?

    • US space agency NASA’s Cassini-Huygens spacecraft launched in October 1997.
      • Using Cassini’s radar data, scientists from Cornell University have discovered new information about the liquid ocean on Titan, Saturn’s largest moon.

    Observations made about Titan

    • Titan is composed of hydrocarbons – organic chemicals consisting of carbon and hydrogen.
    • The astronomers have reportedly located calm seas of methane with a slow tidal current.

    About Cassini-Huygens Mission

    • The Cassini-Huygens mission was a collaborative project between NASA, the European Space Agency (ESA), and the Italian Space Agency (ASI) to explore Saturn and its moons.
    • The spacecraft was named after astronomers Giovanni Cassini and Christian Huygens.
    • The mission consisted of the Cassini orbiter and the Huygens probe.
    • It was launched on October 15, 1997.
    • It ended its mission on September 15, 2017 by plunging into Saturn’s atmosphere.

    Key Achievements:

    • Saturn Exploration:
      • Detailed study of Saturn’s atmosphere, rings, and magnetosphere.
      • Discovered new rings and observed the complex structure of the existing ones.
    • Moons of Saturn:
      • Titan Exploration: Huygens probe successfully landed on Titan, Saturn’s largest moon, on January 14, 2005, providing the first direct exploration of Titan’s surface and atmosphere.
      • Enceladus Discoveries: Found water-ice plumes erupting from Enceladus, indicating a subsurface ocean that could potentially harbor life.
    • Other Moons: Provided detailed images and data on other moons like Lapetus, Rhea, Dione, and Tethys.
    • Technological Milestones:
      • Demonstrated the success of long-duration missions in deep space.
      • Advanced the understanding of spacecraft navigation and operation in complex planetary environments.

    PYQ:

    [2014] Which of the following pairs is/are correctly matched?

    Spacecraft Purpose
    1. Cassini-Huygens Orbiting the Venus and transmitting data to the Earth
    2. Messenger Mapping and investigating the Mercury
    3. Voyager 1 and 2 Exploring the outer solar system

    Select the correct answer using the code given below:

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

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  • Women Safety Issues – Marital Rape, Domestic Violence, Swadhar, Nirbhaya Fund, etc.

    What is the Hema Commission Report?

    DOMRPrelims Only | Governance | Mains Paper 1: Role Of Women & Women Organization

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Hema Commission Report on Women Safety

    Why in the News?

    • A single bench of the Kerala High Court has stayed the release of the Justice Hema Commission report.
      • The report investigated women’s working conditions in the Malayalam film industry.

    About the Assault that Exposed the Deep Gender Divide      

    • On February 17, 2017, a leading Malayalam film actress was abducted and sexually assaulted in her car while traveling from Thrissur to Kochi.
    • The incident caused shock and outrage across Kerala as disturbing details emerged, including a video purportedly intended for blackmail.
    • Six of the ten accused were arrested quickly, and popular actor Dileep was named an accused and remanded to judicial custody in July. He is currently out on bail, with the trial ongoing since 2020.

    Formation of the Women in Cinema Collective (WCC)

    • The incident highlighted the discriminatory treatment faced by women in the film industry.
    • The Women in Cinema Collective (WCC) was formed in response, submitting a petition to the Chief Minister demanding an inquiry into gender issues in the industry.

    The Hema Commission

    • In July 2017, five months after the incident, the state government formed a 3-member committee headed by retired Kerala High Court judge, Justice K Hema.
    • The committee’s objective was to investigate issues of sexual harassment and gender inequality in the Malayalam film industry.
    • In December 2019, a 300-page report was submitted to the CM Pinarayi Vijayan, including documents, audio, and video evidence.

    Findings and Recommendations

    • The commission consulted multiple women professionals in the industry, recording detailed accounts of sexual harassment, wages earned, and possible blacklisting.
    • The report highlighted the existence of a casting couch, and the presence of alcohol and drugs on film sets.
    • The commission recommended forming a tribunal to investigate these allegations.
    • Other recommendations included making job contracts mandatory, ensuring wage parity across genders for the same job, banning drugs and liquor on shooting locations, and ensuring safe working conditions for women.

    PYQ:

    [2010] Two of the schemes launched by the Government of India for Women’s development are Swadhar and Swayam Siddha. As regards the difference between them, consider the following statements:

    1. Swayam Siddha is meant for those in difficult circumstances such as women survivors of natural disasters or terrorism, women prisoners released from jails, mentally challenged women etc., whereas Swadhar is meant for holistic empowerment of women through Self Help Groups.
    2. Swayam Siddha is implemented through Local Self-Government bodies or reputed Voluntary Organizations whereas Swadhar is implemented through the ICDS units set up in the states.

    Which of the statements given above is/are correct?

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

     

    [2014] We are witnessing increasing instances of sexual violence against women in the country. Despite existing legal provisions against it, the number of such incidences is on the rise. Suggest some innovative measures to tackle this menace.

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  • Foreign Policy Watch: India-Nepal

    Parliamentary Democracy: A Comparison between Nepal and India

    Prelims Only | Polity | Mains Paper 2: Comparison Of The Indian Constitutional Scheme With That Of Other Countries

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Comparison of Indian Constitution

    Why in the News?

    • On July 14, K. P. Sharma Oli was sworn in as Nepal’s Prime Minister for the fourth time, leading a new coalition government.
      • Since the abolition of the monarchy in 2008, Nepal has had 14 governments despite a new constitution in 2015 promising progress.

    Evolution of Nepal’s Constitution

    • 1948: The Government of Nepal Act was the first attempt at creating a constitution.
    • 1951: The Interim Government of Nepal Act aimed to establish democracy but was replaced in 1959.
    • 1959: Introduced a multi-party system, but the Panchayat Constitution of 1962 established a party-less system under King Mahendra.
    • 1990: A constitutional monarchy restored the multi-party system.
    • 2007: An Interim Constitution was adopted after continued political upheavals.
    • 2015: The current constitution established Nepal as a federal democratic republic.

    Comparing the Indian Constitution and Nepal’s Constitution:

    India Nepal
    Historical Background Adopted on November 26, 1949, and came into effect on January 26, 1950.

    Framed by the Constituent Assembly elected in 1946.

    		 Current constitution promulgated on September 20, 2015.

    Many attempts since 1948, 1951, 1959, 1962, 1990, and 2007.
    Form of Government Quasi-federal nature of the Indian constitution is described as a “Union of States” in Article 1. Other factors also talk about the quasi-federal like Emergency power and independent judiciary. etc

    Parliamentary system with the President as the ceremonial head and the Prime Minister as the head of government.

    		 Federal democratic republic.

    Parliamentary system with the President as the ceremonial head and the Prime Minister as the executive head.
    Structure of Government Bicameral legislature: Lok Sabha (House of the People) and Rajya Sabha (Council of States).

    Three levels of government: central, state, and local.

    		 Bicameral legislature: House of Representatives and National Assembly.

    Three levels of government: federal, provincial, and local.
    Federal Structure More centralized federal structure. The central government has significant authority over states.

    Flexible to allow greater central control when necessary.

    		 More decentralized federal structure. Greater autonomy to provinces.

    Includes seven provinces, each with its own government and legislature.
    Elections and Representation First-past-the-post (FPTP) system for Lok Sabha elections. Representation through single-member constituencies and multi-party systems. Mixed electoral system with both FPTP and proportional representation (PR). Ensures broader representation but leads to the proliferation of smaller parties.
    Judiciary The Supreme Court of India is the highest judicial authority.

    Ensures protection of fundamental rights and upholds the rule of law.

    		 The Supreme Court of Nepal is the highest judicial body.

    Interprets the Constitution and protects citizens’ rights. Aims to uphold the rule of law and safeguard fundamental rights.
    Fundamental Rights and Duties Comprehensive list of Fundamental Rights in Part III, including equality, freedom, religion, and constitutional remedies. Fundamental Duties in Part IV-A. Extensive fundamental rights, covering civil, political, and socio-economic rights. Emphasizes affirmative action for marginalized groups.
    Secularism and Religion A secular state with no official religion which mentioned in the Preamble of the Constitution. The secular state was declared in the 2015 Constitution.

    Protects religious freedom and promotes harmony among religious communities.

     

    PYQ:

    [2023] Compare and contrast the British and Indian approaches to Parliamentary sovereignty.

    [2022] Critically examine the procedures through which the Presidents of India and France are elected.

    [2021] Analyze the distinguishing features of the notion of Right to Equality in the Constitutions of the USA and India.

    [2021] Analyse the distinguishing features of the notion of Right to Equality in the Constitutions of the USA and India.

    [2020] The judicial systems in India and the UK seem to be converging as well as diverging in recent times. Highlight the key points of convergence and divergence between the two nations in terms of their judicial practices.

    [2019] What can France learn from the Indian Constitution’s approach to secularism?

    [2018] India and the USA are two large democracies. Examine the basic tenets on which the two political systems are based.

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  • Tuberculosis Elimination Strategy

    ICMR develops CRISPR Cas-based TB Detection Kit

    Prelims Only | Science Tech | Mains Paper 3: Achievements Of Indians In S&T

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: TB, CRISPR Cas-based TB Detection Kit

    Why in the News?

    The Indian Council of Medical Research (ICMR) Regional Medical Research Centre for North East has developed the “world’s cheapest CRISPR Cas-based TB testing system”.

    Back2Basics: CRISPR-Cas9 Technology

    • CRISPR-Cas9 stands for Clustered Regularly Interspaced Short Palindromic Repeats and CRISPR-associated protein 9.
    • It is a technology that allows geneticists and researchers to edit parts of the genome by altering sections of the DNA sequence.
    • Emmanuelle Charpentier and Jennifer Doudna’s work on CRISPR-Cas9 as a ‘molecular scissor’ earned them the 2020 Nobel Prize in chemistry.
    • The system consists of two key components:
    1. Cas9: This is the enzyme that acts like a pair of molecular scissors. It is responsible for cutting the DNA strand at a specific location, allowing for the removal, addition, or alteration of DNA at that site.
    2. Guide RNA (gRNA): This is a piece of RNA that is designed to find and bind to a specific sequence of DNA that matches its code. The gRNA guides the Cas9 enzyme to the exact spot in the genome where an edit is desired.
    • Mechanism:
      • The process begins with the design of a gRNA that matches the DNA sequence where an edit is needed.
      • Once inside the cell, the Cas9 enzyme and the gRNA form a complex that can identify and bind to the target DNA sequence.
      • The Cas9 then cuts the DNA at this location.
      • After the DNA is cut, the cell’s natural repair mechanisms can be harnessed to add or remove genetic material, or to make specific changes to the DNA.
    • Applications: Used for gene editing to correct genetic disorders, develop targeted cancer therapies, enhance diagnostics for infectious diseases, and create personalized medicine approaches.

    About the New TB Detection System

    • The system can detect TB bacteria using DNA from a patient’s saliva at a very low cost.
      • Specific DNA sequences unique to Mycobacterium tuberculosis (the bacteria causing TB) are identified.
    • It can identify the bacteria in preliminary stages and test over 1,500 samples simultaneously within approximately two hours.
    • The technology is simple enough to be used in primary health centres in villages.

    TB Situation in India:

    • TB kills an estimated 480,000 Indians annually, or over 1,400 patients every day.
    • India has more than a million ‘missing’ TB cases each year, which remain undiagnosed or inadequately diagnosed and treated in the private sector.

    National Goals for Elimination of TB: 

    • Pradhan Mantri TB Mukt Bharat Abhiyan (2022): It is stipulated to meet the goal of ending the TB epidemic by 2025 from the country, five years ahead of the Sustainable Development Goals (SDG) for 2030.
    • Nikshay Poshan Yojana (2018): Launched in 2018, this scheme provides nutritional support to TB patients. Under this scheme, TB patients receive a direct benefit transfer (DBT) of Rs. 500 per month to purchase food.

    PYQ:

    [2019] What is Cas9 Protein that is often mentioned in news?

    (a) A molecular scissors used in targeted gene editing

    (b) A biosensor used in the accurate detection of pathogens in patients

    (c) A gene that makes plants pest-resistant

    (d) A herbicidal substance synthesized in genetically modified crops

    [2014] Can overuse and free availability of antibiotics without Doctor’s prescription, be contributors to the emergence of drug-resistant diseases in India? What are the available mechanisms for monitoring and control? Critically discuss the various issues involved.

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  • Global Geological And Climatic Events

    Typhoon Gaemi 

    Prelims Only | Enviro & Biodiversity | Mains Paper 1: Geographical Features & Their Location

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Typhoon Gaemi

    Why in the News?

    After making landfall in the Philippines, Typhoon Gaemi is heading towards Taiwan.

    What is a Typhoon?

    • A typhoon is a mature tropical cyclone that forms in the Northwest Pacific Ocean, primarily between 100°E and 180°E.
    • It is characterised by strong winds, and heavy rain, and can cause significant damage due to high wind speeds, storm surges, and flooding.

    Factors causing its formation:

    • It needs sustained ocean temperatures of 26.5°C or higher.
    • High moisture content in the mid-troposphere.
    • Presence of the Coriolis force to initiate rotation.
    • Minimal vertical wind shear to allow for storm growth.
    • Atmospheric instability to promote rising motion and thunderstorm activity.
    • An initial low-pressure area or tropical wave to trigger development.
      • Formation Regions: Northwest Pacific Ocean in areas east of the Philippines, southeast of Japan, and near Taiwan; South China Sea and in Western North Pacific near the Mariana Islands and Guam.
    Note: Typhoons do not form in the South Atlantic Ocean and the southeastern Pacific Ocean because of cooler sea surface temperatures and higher wind shear in those regions.

     

    PYQ:

    [2015] In the South Atlantic and South-Eastern Pacific regions in tropical latitudes, cyclone does not originate. What is the reason?

    (a) Sea surface temperatures are low
    (b) Inter-Tropical Convergence Zone seldom occurs
    (c) Coriolis force is too weak
    (d) Absence of land in those regions

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  • Housing for all – PMAY, etc.

    Right to Shelter is a Fundamental Right: Supreme Court     

    Prelims Only | Polity | Mains Paper 2: Indian Constitution – historical underpinnings, evolution, features, amendments, significant provisions and basic structure

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Article 21, Article 19(1)(e), Right to Shelter

    Why in the News?

    The Supreme Court emphasised the need to balance railway infrastructure development in Haldwani, Uttarakhand, with the fundamental right to shelter nearly 50,000 people accused of illegally encroaching on railway land.

    What was the Case?

    • The hearing was based on an application filed by the Railways seeking to modify a January 2023 Supreme Court order.
    • The order had stayed a Uttarakhand HC direction to evict the families within a week, even using paramilitary forces.
    • The application pointed out that the Ghaula River flood has disrupted railway operations in the region and that more land was urgently needed to lay new tracks.

    What is the Right to Shelter?

    • The right to shelter is derived from the Right to Life under Article 21 of the Constitution of India, which guarantees the protection of life and personal liberty.
    • Article 19(1)(e) provides the Right to reside and settle in any part of the territory of India.

    Judicial pronouncements related to it:

    • Olga Tellis v. Bombay Municipal Corporation (1985): The Supreme Court recognized the right to livelihood as a part of the right to life under Article 21.
    • Chameli Singh v. State of Uttar Pradesh (1996): The Supreme Court declared that the right to shelter is a fundamental right under Article 21. It includes adequate living space, safe and decent structures, clean surroundings, light, air, water, electricity, and sanitation.
    • Ahmedabad Municipal Corporation v. Nawab Khan Gulab Khan (1997): The Supreme Court directed the state to construct affordable houses for the poor, reiterating the state’s duty to provide shelter and make the right to life meaningful.

    Various Legislations supporting the Right to Shelter:

    • The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006
    • The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
    • The Slum Areas (Improvement and Clearance) Act, 1956

     

    PYQ:

    [2021] Consider the following statements :​

    1. ‘Right to the City’ is an agreed human right and the UN-Habitat monitors the commitments made by each country in this regard.​
    2. ‘Right to the City’ gives every occupant of the city the right to reclaim public spaces and public participation in the city.​
    3. ‘Right to the City’ means that the State cannot deny any public service or facility to the unauthorized colonies in the city.​

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 3 only

    (c) 1 and 2

    (d) 2 and 3

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  • Modern Indian History-Events and Personalities

    [pib] Birth Anniversary of Chandrashekhar Azad and Lokmanya Tilak  

    Prelims Only | History | Mains Paper 1: Modern Indian History

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Contributions of Chandrashekhar Azad and Lokmanya Tilak

    Why in the News?

    Prime Minister paid his tributes to legendary freedom fighters Bal Gangadhar Tilak and Chandra Shekhar Azad on their birth anniversaries.

    About Chandrashekhar Azad and Lokmanya Tilak  

    [1] Chandrashekhar Azad:

    Details:
    • Born Chandra Shekhar Tiwari on 23 July 1906;
    • Indian revolutionary leader of HSRA;
    • Died 27 February 1931.
    Early Life
    • From Bardarka, Uttar Pradesh;
    • Joined Non-Cooperation Movement at 15;
    • Famously declared his name as “Azad” when arrested.
    Revolutionary Life
    • Joined Hindustan Republican Association (HRA), participated in Kakori Train Robbery, avenged Lala Lajpat Rai’s death;
    • Reorganized HRA into Hindustan Socialist Republican Association (HSRA);
    • Influenced by socialist literature.
    Support from Congress Financially supported by Motilal Nehru.
    Activities in Jhansi Used Jhansi as a base, practiced shooting, lived as Pandit Harishankar Bramhachari, taught children, connected with local revolutionaries.
    Collaboration with Bhagat Singh Reorganized HRA into HSRA, planned to assassinate James A. Scott, mistakenly killed John P. Saunders.
    Death Surrounded by police in Alfred Park, Allahabad;

    Ensured companion’s escape; shot himself to avoid capture on 27 February 1931.

     

    [2] Lokmanya Tilak:   

    Details:
    • Born Bal Gangadhar Tilak on 23rd July 1856 in Ratnagiri, Maharashtra;
    • Died on 1st August 1920.
    Education Founded Deccan Education Society (1884) and Fergusson College (1885) in Pune.
    Ideology
    • Devout Hindu using scriptures to inspire resistance;
    • Advocated for self-rule (Swarajya); famous slogan: “Swaraj is my birthright and I shall have it!”;
    • Emphasized cultural and religious revival.
    • Popularized Ganesh Chaturthi and Shiv Jayanti festivals.
    Political Life
    • Early advocate for complete independence;
    • Part of the Lal-Bal-Pal trio; joined Indian National Congress (INC) in 1890.
    Surat Split (1907) Split INC into Extremists (led by Tilak) and Moderates (led by Gopal Krishna Gokhale) due to leadership disputes and differing approaches.
    Contribution to Freedom Movement
    • Promoted swadeshi movements and boycott of foreign goods; co-led Indian Home Rule Movement (1916);
    • Founded All India Home Rule League;
    • Involved in Lucknow Pact (1916) for Hindu-Muslim unity.
    Imprisonment Imprisoned from 1908 to 1914 in Mandalay Prison for defending revolutionaries Khudiram Bose and Prafulla Chaki.
    Publications
    • Edited weekly Kesari (Marathi) and Mahratta (English);
    • Authored books “Gita Rahasya” and “Arctic Home of the Vedas.”

     

    PYQ:

    [2022] Who among the following is associated with ‘Songs from Prison’, a translation of ancient Indian religious lyrics in English?

    (a) Bal Gangadhar Tilak

    (b) Jawaharlal Nehru

    (c) Mohandas Karamchand Gandhi

    (d) Sarojini Naidu

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  • Climate Change Impact on India and World – International Reports, Key Observations, etc.

    What is a Climate Finance Taxonomy, announced by FM Sitharaman?

    Prelims Only | Enviro & Biodiversity | Mains Paper 3: Conservation, Environmental Pollution & Degradation, Eia

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Climate Finance Taxonomy

    Why in the News?

    • The 2024 Union Budget, presented by Finance Minister, includes developing a taxonomy for climate finance.
      • The aim is to enhance the availability of capital for climate adaptation and mitigation.

    What is a Climate Finance Taxonomy?

    • A climate finance taxonomy is a classification system that identifies which economic activities can be marketed as sustainable investments.
    • It serves as a guide for investors and financial institutions to direct capital towards projects that contribute to climate adaptation and mitigation, aligning with broader environmental goals.

    Significance of a Climate Finance Taxonomy

    • Net-Zero Economy: With global temperatures rising and the adverse effects of climate change worsening, countries need to transition to a net-zero economy.
    • Alignment with Transition Pathways: Taxonomies help ascertain if economic activities are aligned with credible, science-based transition pathways.
    • Deployment of Climate Capital: They provide an impetus for the deployment of climate capital by directing investments towards sustainable projects.
    • Reduction of Greenwashing Risks: Taxonomies help reduce the risks of greenwashing by providing clear criteria for what constitutes a sustainable investment.

    Why does India need a Green Taxonomy?

    • According to the IFC, India needs an estimated $10.1 trillion to achieve net-zero by 2070.
    • Public investments alone can’t match this goal, calling for standardization in investments.

    Benefits for India

    • For India, a taxonomy could attract more climate funds from international sources.
    • Currently, green finance flows in India are falling short of the country’s needs, accounting for only around 3% of total FDI inflows, according to the Landscape of Green Finance in India 2022 report by the Climate Policy Initiative.
    • A lack of clarity on what constitutes sustainable activity is a significant reason for the low green finance flows. A taxonomy would address this issue.

    India’s Climate Commitments:

    • India aims to achieve a net-zero economy by 2070.
    • The country has pledged to reduce the emissions intensity of its GDP by 45% by 2030, compared to the 2005 level.
    • India has also committed to achieving about 50% of its cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.

    Steps taken by India:

    • In January 2021, India established a task force on sustainable finance under the Department of Economic Affairs, Ministry of Finance.
      • The task force’s objectives include creating a framework for sustainable finance, establishing pillars for a sustainable finance roadmap, suggesting a draft taxonomy of sustainable activities, and creating a framework of risk assessment by the financial sector.
    • In April 2021, the RBI joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a member.
    • RBI is also a member of a task force on climate-related financial risks set up by the Basel Committee on Banking Supervision and the International Platform on Sustainable Finance.

    Potential for Green Investments in India

      • According to a report by the International Finance Corporation (IFC), India has a climate-smart investment potential of $3.1 trillion from 2018 to 2030.
      • The largest investment opportunity lies in the electric vehicle segment, with a potential of $667 billion as India aims to electrify all new vehicles by 2030.
    • The renewable energy sector also presents a substantial investment opportunity, estimated at $403.7 billion.

    International Adoption of Taxonomies

    • Many countries have either started developing or have finalized their taxonomies.
    • Countries with developed taxonomies include South Africa, Colombia, South Korea, Thailand, Singapore, Canada, and Mexico.
    • The European Union has also developed its own taxonomy.

    PYQ:

    [2016] With reference to the Agreement at the UNFCCC Meeting in Paris in 2015, which of the following statements is/are correct?

    1. The Agreement was signed by all the member countries of the UN, and it will go into effect in 2017.
    2. The Agreement aims to limit the greenhouse gas emissions so that the rise in average global temperature by the end of this century does not exceed 2ºC or even 1.5ºC above pre-industrial levels.
    3. Developed countries acknowledged their historical responsibility in global warming and committed to donate $ 1000 billion a year from 2020 to help developing countries to cope with climate change.

    Select the correct answer using the code given below:

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

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  • Tax Reforms

    What is Angel Tax that was scrapped in Budget 2024?

    Prelims Only | Economics | Mains Paper 3: Indian Economy

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Angel Tax

    Why in the News?

    Finance Minister announced the abolition of the angel tax, aiming to strengthen the startup ecosystem and support innovation in India.

    What is Angel Investment?

    • An angel investor is an individual who provides financial backing to early-stage startups or entrepreneurs, typically in exchange for equity in the company.
    • Angel investors are typically high-net-worth individuals who invest their own personal funds, rather than investing on behalf of a firm or institution.
    • Features of Angel Investing: Early-stage funding, equity investment, high-risk, high-reward, active involvement,personal investment,f lexible terms and shorter investment horizon.

    What is Angel Tax? 

    • Referred to as Angel Tax, this rule is described in Section 56(2)(vii)(b) of the Income Tax Act, 1961.
    • Essentially it’s a tax on capital receipts, unique to India in the global context.
    • This clause was inserted by the Finance Act in 2012 to prevent laundering of black money, round-tripping via investments with a large premium into unlisted companies.
    • The tax covers investment in any private business entity, but only in 2016 was it applied to startups.

    Why was angel tax introduced?

    • The complicated nature of VC fundraising with offshore entities, multiple limited partners and blind pools is contentious.
    • There has been some element of money laundering or round-tripping under guise.

    Details of its levy

    • The Angel Tax is being levied on startups at 9% on net investments in excess of the fair market value.
    • For angel investors, the amount of investment that exceeds the fair market value can be claimed for a 100% tax exemption.
    • However, the investor must have a net worth of ₹2 crores or an income of more than ₹25 Lakh in the past 3 fiscal years.

    Key Issues with Angel Tax

    • Share Valuation: The tax impacted the valuation of shares, causing complications for startups in raising funds.
    • Discounted Cash Flow (DCF) Method: Issues arose with the treatment of estimated figures in the DCF method, leading to disputes.
    • Scrutiny of Funding Sources: The scrutiny of funding sources and investor credibility added another layer of complexity for startups.
    • Retrospective Application: The retrospective application of the tax and its effect on the conversion of convertible instruments into equity were also significant points of dispute.

    Significance for the Startup Community

    • Startups has long advocated for a more supportive and less restrictive environment for fundraising.
    • With this change, the government aims to create a more favourable atmosphere for innovation and investment in India.
    PYQ:

    [2014] What does venture capital mean?

    (a) A short-term capital provided to industries.

    (b) A long-term start-up capital provided to new entrepreneurs.

    (c) Funds provided to industries at times of incurring losses.

    (d) Funds provided for replacement and renovation of industries.

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  • Tourism Sector

    Bihar’s Vishnupad and Mahabodhi Temples

    Prelims Only | History | Mains Paper 1: Arts & Culture

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Vishnupad and Mahabodhi Temples; Kashi Vishwanath Temple

    Why in the News?

    • Finance Minister announced during her Union Budget speech that corridor projects will be built for the Vishnupad Temple at Gaya and the Mahabodhi Temple at Bodh Gaya in Bihar.

    About the Vishnupad Temple at Gaya

    Details
    Dedicated to Lord Vishnu
    Significance Contains a 40 cm long footprint of Lord Vishnu; considered sacred in Hinduism; attracts pilgrims for “Pind Daan” rituals.
    Historical Importance Believed to be over 1000 years old; associated with various legends and historical references in Hindu texts.
    Architecture
    • Built in Shikhara style;
    • Features intricate carvings and silver-plated flagposts;
    • Constructed of grey granite blocks.
    Built by Queen Ahilyabai Holkar of Indore in 1787.
    Festivals and Rituals
    • Major site for “Pind Daan” rituals during Pitru Paksha;
    • Attracts thousands of pilgrims during this period.
    Mythology The footprint is believed to be where Lord Vishnu placed his foot to subdue the demon Gayasur.
    Associated River Located on the banks of the Phalgu River, considered sacred for ritual offerings.
    Access and Visitation Accessible year-round; major pilgrimage site with facilities for devotees.
    Recent Developments Ongoing efforts for preservation and restoration; improved infrastructure for pilgrims.

     

    About the Mahabodhi Temple Complex:

    Details
    Location Bodh Gaya, Bihar;
    Significance Marks the location where Buddha attained enlightenment
    UNESCO Status World Heritage Site since 2002
    Historical Importance
    • One of the four holy sites related to Buddha’s life (Enlightenment).
    • Other holy sites: Lumbini (Birth) in Nepal, Sarnath (First Sermon) in Uttar Pradesh, Kushinagar (Death) in Uttar Pradesh
    Original Construction Built by Mauryan Emperor Ashoka around 260 BCE
    Reconstruction Reconstructed in brick during the late Gupta period (5th or 6th centuries)
    Archaeological Finds
    • Indicates site of veneration since the Mauryan period.
    • Vajrasana (Diamond Throne): Located within the temple, dated to the third century BCE
    Main Temple Structure Dates from the 6th century CE, incorporates parts from 2nd or 3rd century CE
    Architectural Features
    • Two large shikhara towers, the largest over 55 meters high
    • Influenced Jain, Hindu, and Buddhist architecture globally
    Materials Made mostly of brick covered with stucco
    Bodhi Tree Direct descendant of the original tree under which Buddha attained enlightenment
    Traditional Accounts Describes 7 weeks Buddha spent meditating after enlightenment at various spots within the complex
    Decline and Revival
    • Declined after Huna invasions and early Islamic invasions.
    • Revived under the Pala Empire (8th-12th century).
    • Declined again after 12th century CE invasions by Turk armies.

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