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Type: Prelims Only

  • Historical and Archaeological Findings in News

    Hampi’s Virupaksha Temple

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Virupaksha Temple, Vijayanagara Empire

    Mains level: NA

    Why in the News?

    The temple’s pavilion or the Saalu Mantap of the historic Virupaksha Temple in Hampi, Karnataka collapsed following Torrential rains.

    About Virupaksha Temple

    • Traced back to the 7th century AD.
    •  Built by early rulers of the Chalukya dynasty.
    • The temple was significantly expanded by Lakkan Dandesha, a chieftain under the rule of Deva Raya II (Prauda Deva Raya) of the Vijayanagara Empire.
    • However, the most significant expansions and contributions were made during the reign of King Krishnadevaraya in the early 16th century.
    • The temple is dedicated to Lord Shiva, known locally as Virupaksha or Pampa Pathi, and is associated with the local deity Pampadevi.
    • Hampi, including the Virupaksha Temple, was declared a UNESCO World Heritage Site in 1986 due to its rich architectural heritage and historical significance.

    Architectural Features of Virupaksha Temple

    Here are the major Dravidian architectural features of the Virupaksha Temple:

    Gopurams (Temple Towers):

    • Main Gopuram: The eastern entrance of the temple features a monumental nine-story gopuram (tower) that is approximately 50 meters high. This tower is intricately decorated with sculptures depicting Hindu myths and deities.
    • Smaller Gopurams: Other entrances of the temple are also marked by smaller but similarly elaborate gopurams.

    Mandapas (Pavilions):

    • Ranga Mandapa: Added in 1510 by King Krishnadevaraya, this is one of the most elaborately carved areas. The Ranga Mandapa is used for temple ceremonies and performances, featuring pillars with intricate carvings of mythical creatures and deities.
    • Open Pillar Hall: A large hall with rows of intricately carved pillars that depict various mythological scenes and form an important part of the temple structure.
    • Kalyana Mandapa: This area is used for celebrating the annual marriage festival of the deities, reflecting both architectural grandeur and cultural significance.

    Sanctum Sanctorum (Garbhagriha):

    • Main Shrine: The innermost sanctum houses the sacred Linga of Lord Virupaksha (Shiva). This area is considered the most sacred and is elaborately decorated.
    • Lesser Sanctums: Surrounding the main sanctum, there are smaller shrines dedicated to other deities, which are typical in South Indian temple complexes.

    Pillars and Sculptures:

    • Carved Pillars: The temple’s pillars are renowned for their detailed carvings, which depict scenes from Hindu mythology, including episodes from the epics like the Ramayana and the Mahabharata.
    • Artistic Themes: The sculptures include a mix of divine figures, mythological animals, and scenes from daily life, showcasing the craftsmanship and artistic sensibilities of the era.

    Water Structures:

    • Sacred Tank: A sacred water tank within the complex is used for religious rituals and ceremonies.

    About Vijayanagara Empire

    • It was established in 1336 by Harihara I and Bukka Raya I, who were brothers and possibly former officers in the Hoysala Empire.
    • Dynastic Rule: Governed by four main dynasties: Sangama, Saluva, Tuluva, and Aravidu.
    • Capital: The capital was Hampi, in the modern state of Karnataka, India, recognized today as a UNESCO World Heritage Site.
    • Geographical Span: At its peak, the empire covered not only Karnataka but also extended into parts of Andhra Pradesh, Tamil Nadu, and Kerala.
    • Krishnadevaraya: Considered the greatest ruler of the empire, known for his administrative genius and patronage of arts and literature.
    • Decline: The Empire suffered a major military defeat against a coalition of Deccan Sultanates in the Battle of Talikota (1565), which led to a significant decline in power.

     

    PYQ:

    [2019] Building ‘Kalyana Mandapas’ was a notable feature in the temple construction in the kingdom of-

    1. Chalukya
    2. Chandela
    3. Rashtrakuta
    4. Vijayanagara

    [2016] Krishnadeva Raya, the king of Vijayanagar, was not only an accomplished scholar himself but was a also a great patron of learning and literature. Discuss.

  • Water Management – Institutional Reforms, Conservation Efforts, etc.

    Periyar River and Industrial Pollution

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Periyar River and important places in its catchment

    Why in the News?

    • A mass fish kill struck the Periyar River, the ‘Lifeline of Kerala’.
      • The incident, believed to be caused by industrial pollution from the Edayar Industrial Area, has caused immense loss to fish farmers and disrupted the local ecosystem.

    About Periyar River

    Details
    Length Approximately 244 kilometers (151 miles)
    Source of the river Originates in the Sivagiri hills of Sundaramala, Western Ghats, Tamil Nadu
    Mouth of the River Empties into the Arabian Sea at Aluva, near Kochi, Kerala
    Flow Through Flows through Idukki, Ernakulam, and Thrissur districts in Kerala
    Major Tributaries Muthirapuzha, Cheruthoni, Edamalayar
    Key Hydroelectric Projects Idukki Dam (one of Asia’s highest arch dams), other significant dams include Mullaperiyar Dam
    Ecological Conservation Supports diverse ecosystems, passes through Periyar Wildlife Sanctuary (notable for elephants and tigers)
    Cultural Significance The ancient port of Muziris, is believed to have been located near the mouth of the Periyar.
    Environmental Challenges Faces pollution from industrial discharge and urban waste; water management disputes, especially related to the Mullaperiyar Dam’s safety and water sharing between Kerala and Tamil Nadu

    Threats to Periyar River

    • The lower reaches of the Periyar are heavily polluted. Industries in the Eloor industrial zone discharge waste into the river.
    • Greenpeace India describes the lower Periyar as “a cesspool of toxins, which have alarming levels of deadly poisons like DDT, endosulfan, hexa and trivalent chromium, lead, cyanide, BHC”.
    • Illegal sand mining from the Periyar is another major environmental issue.

    PYQ:

    [2011] With reference to the Indus river system, of the following four rivers, three of them pour into one of them which joins the Indus direct. Among the following, which one is such river that joins the Indus direct?​

    (a) Chenab

    (b) Jhelum

    (c) Ravi

    (d) Sutlej

  • Historical and Archaeological Findings in News

    Oldest Known Human Viruses Discovered In 50,000-Year-Old Neanderthal Bones

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Adenovirus, herpesvirus, and papillomavirus

    Mains level: NA

    Why in the News?

    • Researchers found traces of many present-day viruses in the bones of two Neanderthals who lived 50,000 years ago, providing a new perspective on their extinction.

    Breakthrough Study on Neanderthals 

    • Ancient viruses in Neanderthal DNA samples from skeletons found in Russia’s Chagyrskaya cave.
    • The study detected fragments resembling three modern viruses: adenovirus (common colds), herpesvirus (cold sores), and papillomavirus (genital warts).

    Health Impacts Inherited in Modern Human Beings:

    Modern humans inherit various health impacts from Neanderthals, including skin conditions, allergies, metabolism, nicotine addiction, mood disorders, sleep patterns, blood clotting, sense of smell, and UV radiation response.

    Who were the Neanderthals?

      • Neanderthals were a distinct species of hominins that lived in Europe and parts of Asia around 400,000 to 40,000 years ago during the Middle to Late Pleistocene Epochs.
      • Their evidence was first found in 1856 in the Neander Valley in present-day Germany.
    • Physical Features:
        • Neanderthals were robustly built, with a stocky and muscular frame adapted to cold climates.
        • They had large brains, comparable in size to modern humans, indicating advanced cognitive abilities.
        • Distinctive features included a prominent brow ridge, large nose, and a receding chin.
    • Social Life:
        • Neanderthals were skilled hunters and gatherers, using tools such as stone flakes, scrapers, and spears for hunting and butchering animals.
        • They utilized fire for cooking, warmth, and protection, as evidenced by the presence of hearths in their archaeological sites.
        • Evidence suggests they had complex social structures and engaged in rituals and symbolic behaviours, including burying their dead with grave goods.
    • Habitat and Distribution:
    • Neanderthals inhabited a wide range of environments, including open grasslands, forests, and even cold tundra regions.
        • Their range extended from Western Europe to Central Asia, with evidence of populations in regions such as Spain, France, Germany, Croatia, and the Middle East.
    • Interactions with Modern Humans:
      • Neanderthals coexisted with early modern humans (Homo sapiens) for thousands of years in Europe and Asia.
      • There is evidence of interbreeding between Neanderthals and modern humans, with genetic studies indicating that non-African humans carry about 1-2% Neanderthal DNA.

    PYQ:

    [2019] The word ‘Denisovan’ is sometimes mentioned in media in reference to

    (a) Fossils of a kind of dinosaurs

    (b) An early human species

    (c) A cave system found in North-East India

    (d) A geological period in the history of Indian subcontinent

  • Zoonotic Diseases: Medical Sciences Involved & Preventive Measures

    Ferroptosis Cases in Severe Covid Patients

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Ferroptosis

    Mains level: NA

    Why in the News?

    Columbia University study on COVID-19 fatalities found ferroptosis as the main cause of lung cell death, advancing understanding of lung disease development.

    What is Ferroptosis?

    • Ferroptosis is a type of regulated cell death characterized by the iron-dependent accumulation of lipid peroxides to lethal levels.

    Other forms of cell death: 

    1. Apoptosis (highly regulated process that occurs in multicellular organisms to eliminate unwanted or damaged cells without causing inflammation),
    2. Necrosis (cell death characterized by rapid and uncontrolled cell lysis, often accompanied by inflammation and tissue damage).
    3. Autophagy (involves the degradation and recycling of cellular components through lysosomal machinery).

    Mechanism of Ferroptosis:

    The precise molecular mechanism underlying ferroptosis is still being elucidated, but it involves the deregulation of iron metabolism and lipid peroxidation. Here’s a simplified overview of how ferroptosis occurs:

    1. Iron Accumulation: Ferroptosis is characterized by the accumulation of iron within cells, particularly in the form of labile iron pools. Excess iron can lead to the generation of reactive oxygen species (ROS) through Fenton chemistry.
    2. Lipid Peroxidation: ROS generated from excess iron promotes lipid peroxidation, particularly of polyunsaturated fatty acids (PUFAs) within cell membranes. Lipid peroxides accumulate and propagate, leading to membrane damage and loss of membrane integrity.
    3. Glutathione Depletion: Glutathione (GSH) is an antioxidant that helps to neutralize ROS and prevent lipid peroxidation. In ferroptosis, there is a depletion of cellular GSH levels, which impairs the cell’s ability to counteract oxidative stress.
    4. GPX4 Inhibition: Glutathione peroxidase 4 (GPX4) is an enzyme that catalyzes the reduction of lipid hydroperoxides to their corresponding alcohols, thereby protecting cells from lipid peroxidation. In ferroptosis, GPX4 activity is inhibited, leading to the accumulation of lipid peroxides and cell death.
    5. Mitochondrial Dysfunction: Ferroptosis is associated with mitochondrial dysfunction, including alterations in mitochondrial membrane potential and morphology, as well as disruption of mitochondrial metabolism and bioenergetics.
    6. Cellular Consequences: The accumulation of lipid peroxides and mitochondrial dysfunction ultimately leads to cellular damage, loss of cell membrane integrity, and cell death by ferroptosis.

    Significance of the Study

    • Targeting and preventing ferroptosis could offer novel treatment avenues for COVID-19 lung disease and its possible future mutations.
    • Inhibiting this form of cell death may help improve the treatment outcomes for severe cases of COVID-19.

    PYQ:

    [2020] COVID-19 pandemic has caused unprecedented devastation worldwide. However, technological advancements are being availed readily to win over the crisis. Give an account of how technology was sought to aid management of the pandemic.

  • Global Geological And Climatic Events

    Cyclone Remal to make landfall

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Tropical Cyclone

    Mains level: NA

    Why in the News?

    • Cyclone Remal is forecasted to make landfall between Sagar Island in West Bengal and Bangladesh’s Khepupara on Sunday midnight.
    • The name ‘Remal’ originates from Oman and means ‘sand’ in Arabic.

    What are Cyclones?

    • Cyclones are wind systems rotating inwardly towards an area of low atmospheric pressure. They are categorised into Tropical (Temperature-induced) and Temperate (extra-tropical) cyclones(airmass-induced).
    • Formation Conditions: Tropical cyclones originate in warm regions, requiring conditions such as
    1. Warm sea surface (> 27°C),
    2. Coriolis Force,
    3. Pre-existing low-pressure systems,
    4. Small vertical wind speed differences, and
    5. Upper air divergence.

    Characteristics of Tropical Cyclones:

    • They form over warm water bodies due to energy derived from the condensation of warm water within cumulonimbus clouds.
    • Wind rotation is influenced by the Coriolis force, resulting in anti-clockwise rotation in the northern hemisphere and clockwise in the southern hemisphere.

    Regional Movement of Cyclones:

    • In the northern hemisphere, cyclones initially move westward under earth rotation and the Easterlies.
    • As they progress towards higher latitudes, the Coriolis force deflects them rightward, towards north and later east.
    • By 30° latitude, the diminished warmth halts cyclone activity.

    Naming of Cyclones: 

    • Responsibility of RSMCs and TCWCs: The naming of cyclones that form in every ocean basin across the world is carried out by the Regional Specialised Meteorological Centres (RSMCs) and Tropical Cyclone Warning Centres (TCWCs).
    • Procedure in the North Indian Ocean: For north Indian Ocean including Bay of Bengal and Arabian Sea, the RSMC, New Delhi assigns the name to tropical cyclones following a standard procedure.
    • Agreement by WMO/ESCAP Panel: The WMO/ESCAP Panel on Tropical Cyclones in 2000 agreed in principle to assign names to the tropical cyclones in the Bay of Bengal and Arabian Sea.
    • Selection Process: Each country would sent their suggestions, based on which the Panel would finalise a list.
    • Retirement of Names: Generally, names of some storms that cause widespread damage and deaths are usually retired and are not brought back or reused later, at least for 10 years. These names are then replaced with new names.
    • Unique Policy for North Indian Ocean: Unlike in other regions, the names of tropical cyclones over the north Indian Ocean once used, will cease to be used again.

    Destruction Caused by Cyclones:

    • Strong Winds/Squall: Cyclones cause infrastructure damage through high-speed winds.
    • Torrential Rains and Inland Flooding: Heavy rainfall leads to floods, soil erosion, and embankment weakening.
    • Storm Surge: Abnormal sea level rise inundates coastal regions, causing floods, erosion, and destruction.

    PYQ:

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

    (a) Sea Surface temperature are low

    (b) Inter Tropical Convergence Zone seldom occurs

    (c) Coriolis force is too weak

    (d) Absence of land in those regions

  • The Crisis In The Middle East

    Arab League demands UN Peacekeepers in Palestine

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Arab League; its members

    Mains level: NA

    Why in the News?

    The Arab League called for UN peacekeeping forces in the Palestinian territories during a summit in Bahrain’s Manama. The “Manama Declaration” issued by the league sought UNPKF in the occupied Palestinian territories” until a two-state solution is implemented.

    Back2Basics: United Nations Peacekeeping

    • UN Peacekeeping is a collective effort by the international community, led by the United Nations, to maintain peace and security in regions affected by conflict.
    • UN peacekeepers are often referred to as Blue Berets or Blue Helmets because of their light blue berets or helmets) can include soldiers, police officers, and civilian personnel.

    History:

    • The concept of UN peacekeeping emerged in the aftermath of World War II, with the establishment of the United Nations in 1945.
    • The first UN peacekeeping mission was established in 1948, following the Arab-Israeli War, to monitor the ceasefire between Israel and its Arab neighbours.
      • This mission, known as the United Nations Truce Supervision Organization (UNTSO), set the precedent for future peacekeeping operations.
    • Since then, the scope and complexity of UN peacekeeping have evolved significantly, with operations conducted across the globe in regions affected by conflict, civil war, and humanitarian crises.

    Operations:

    • UN Peacekeeping is guided by three basic principles:
    1. Consent of the parties
    2. Impartiality
    3. Non-use of force except in self-defence and defence of the mandate
    • UN peacekeeping operations are deployed with the consent of the main parties to the conflict. It can be deployed at the request of the parties involved in a conflict or with the authorisation of the UN Security Council.
    • The objectives may vary depending on the specific context but often include monitoring ceasefires, disarming combatants, facilitating the delivery of humanitarian aid, promoting human rights, and supporting the establishment of democratic governance structures.
    • UN peacekeeping operations operate under the principles of impartiality, consent of the parties, and non-use of force except in self-defence and defence of the mandate.

    India’s Role:

    • India has been one of the largest contributors to UN peacekeeping operations since their inception.
    • India has contributed nearly 195,000 troops, the largest number from any country, and participated in more than 49 missions and 168 supreme sacrifices while serving in UN missions.

    About Arab League

    Details
    Establishment Founded on March 22, 1945, in Cairo, Egypt.
    Founding Members Egypt, Iraq, Jordan, Lebanon, Saudi Arabia, Syria.
    Objective Promote economic, cultural, political, and military cooperation among member states. Safeguard independence and sovereignty.
    Functions 
    1. Operates on consensus among member states. Decisions are made through consultations and discussions.
    2. Regular meetings among Arab leaders to address regional issues, formulate policies, and coordinate actions.
    3. Specialised committees and councils address specific areas of cooperation, such as economic affairs, social affairs, and defence.
    Member States Egypt, Iraq, Jordan, Lebanon, Saudi Arabia, Syria, Libya, Tunisia, Algeria, Bahrain, Comoros, Djibouti, Kuwait, Mauritania, Morocco, Oman, Palestine, Qatar, Somalia, Sudan, United Arab Emirates, and Yemen.
    Observer Nations
    • Non-Arab countries with observer status include Brazil, Eritrea, India, Venezuela, and others.
    • No voting rights are accorded to Observer nations.
    Important Achievements
    • Proposal of the Arab Peace Initiative in 2002.
    • Coordination of military efforts in various conflicts.
    • Promotion of economic cooperation through initiatives such as the Arab Free Trade Area.
    • Facilitation of cultural and educational exchange programs among member states.
    Challenges Internal divisions, Differences of opinion over the Palestinian-Israeli conflict etc.

     

    PYQ:

    [2014] Recently, a series of uprisings of people referred to as ‘Arab Spring’ originally started from

    (a) Egypt

    (b) Lebanon

    (c) Syria

    (d) Tunisia

  • Foreign Policy Watch: India-SAARC Nations

    BIMSTEC acquires ‘legal personality’ after charter comes into force

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: BIMSTEC;

    Mains level: Significance of BIMSTEC for all member countries;

    Why in the News?

    The Ministry of External Affairs has announced that with the establishment of its inaugural charter on May 20th, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will now accept new members and observers.

    About BIMSTEC: 

    • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) formed in 1997 is a multilateral regional organization comprising seven member states: Bangladesh, Bhutan, Sri Lanka, Nepal, Thailand, Myanmar, and India.
    • Aim: To promote technical and economic cooperation among its member countries, particularly in sectors such as security, connectivity, trade, agriculture, environment, science and technology, and people-to-people contact.

    Adoption of the Charter:

    • After years of deliberation, the BIMSTEC leaders adopted the organization’s first charter during their 5th summit.
    • This charter provides a legal framework for the group, granting it a “legal personality” and enabling the structured diplomatic dialogue with other countries and regional groupings.
    • In the context of international organizations like BIMSTEC, obtaining legal personality means that the organization is recognized as a legal entity in its own right, separate from its member states.

    Significance of BIMSTEC for all member countries:

    The charter’s implementation enhances cooperation and deeper integration within the Bay of Bengal region, benefiting all member states economically and strategically.

    • Enhanced Cooperation: With the charter in place, member countries can engage in more structured and organized cooperation across various sectors such as security, connectivity, trade, agriculture, environment, science and technology, and people-to-people contact.
    • Strengthened Regional Integration: The charter facilitates deeper integration within the Bay of Bengal region. By establishing common goals and mechanisms for cooperation, it promotes economic growth, social development, and cultural exchange among member countries.
    • Diplomatic Dialogue: The charter enables BIMSTEC to enter into structured diplomatic dialogue with other countries and regional groupings. This opens up avenues for broader engagement and partnership, enhancing the geopolitical significance of the BIMSTEC platform.

    Challenges in the present world context: 

    • Historical Discord: Long-standing historical discord between member states, such as Bangladesh and Myanmar, presents a challenge to cohesive cooperation within BIMSTEC. These tensions can hinder progress on joint initiatives and impede the organization’s effectiveness.
    • Geopolitical Complexities: Geopolitical complexities, exacerbated by events like the Rohingya refugee crisis and the coup in Myanmar, add layers of complexity to regional dynamics.
      • These complexities can strain relationships between member states and complicate efforts to foster collaboration and integration within BIMSTEC.
    • Stagnation of SAARC: While BIMSTEC offers an alternative platform for regional cooperation, the near stagnation of SAARC underscores the challenges faced by regional organizations in fostering meaningful collaboration.

    Way forward:

    • Need a Conflict Resolution Mechanisms: Implement effective conflict resolution mechanisms to address historical discord and tensions between member states.
    • High Diplomatic Engagement: Encourage regular diplomatic engagement and dialogue between member states to address geopolitical complexities and build trust.

    Mains PYQ

    Q Do you think that BIMSTEC is a parallel organization like the SAARC? What are the similarities and dissimilarities between the two? How are Indian foreign policy objectives realized by forming this new organization? (UPSC IAS/2022)

  • Innovations in Biotechnology and Medical Sciences

    Xenotransplantation: Prospects and Challenges

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Xenotransplantation, Crispr-Cas9

    Mains level: NA

    Why in the News?

    The recent passing away of Richard Slayman, the first recipient of a modified pig kidney transplant, has drawn attention to xenotransplantation—an innovative medical procedure with the potential to revolutionise organ transplantation.

    What is Xenotransplantation?

    • It involves transplanting live cells, tissues, or organs from nonhuman animal sources into human recipients.
    • It seeks to address the critical gap between organ demand and supply.
    • Xenotransplantation, pioneered in the 1980s with heart transplants, has emerged as a promising solution to alleviate the organ shortage crisis, particularly prevalent in kidney transplantation.

    Examples:

    • Chimpanzee-to-Human Transplants: In the 1960s, there were attempts at chimpanzee-to-human kidney transplants, heart transplants, and liver transplants.
    • Pig-to-Human Heart Transplant: In 2022, a groundbreaking milestone was achieved with the first successful transplantation of a pig heart into a human with end-stage heart disease

    Procedural Details

    • Xenotransplantation involves genetic modifications to animal organs, like 69 CRISPR-Cas9 edits to a pig kidney, removing pig genes and adding human genes for compatibility.

    Why is the Pig a Preferred Source?

    • Anatomical Resemblance: Pigs are favoured for xenotransplantation due to their physiological similarities to humans, facilitating successful integration. Pig organs, like heart valves, have been used in human medicine for over 50 years.
    • Breeding Advantages: Extensive pig farming ensures a readily available and cost-effective supply of organs, with diverse breeds offering size-matching opportunities.

    Challenges associated

    • The main challenge is preventing organ rejection. Innovative methods, such as embedding the pig’s thymus gland under the kidney’s outer layer, help manage immune responses.
    • There are also significant concerns regarding potential infections from both recognised and unrecognised infectious agents that could affect not only the recipient but also the wider population.
    • Retroviruses present in the animal organs pose a risk of cross-species infection, which could remain latent and cause diseases years after the transplantation.

    PYQ: 

    [2017] With reference to agriculture in India, how can the technique of ‘genome sequencing’, often seen in the news, be used in the immediate future?

    1. Genome sequencing can be used to identify genetic markers for disease resistance and drought tolerance in various crop plants.
    2. This technique helps in reducing the time required to develop new varieties of crop plants.
    3. It can be used to decipher the host-pathogen relationships in crops.

    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

  • Tax Reforms

    Supreme Court upholds ICAI Rule on Tax Audit Assignments

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: ICAI, Tax Audit

    Mains level: NA

    Why in the News?

    • The Supreme Court upheld a rule issued by the Institute of Chartered Accountants of India (ICAI) that limits Chartered Accountants to accepting no more than 60 tax audit assignments in a financial year.
      • The court found that the rule does NOT violate the fundamental right to practice a profession under Article 19(1) (g) of the Constitution (apart from also being violative of the right to equality under Article 14).

    Tax Audit Regime: A Quick Backgrounder

    • The mandatory tax audit regime was initiated in 1984 with Section 44AB in the Income Tax Act, of 1961 which required certain businesses and professionals to get their accounts audited.
      • Tax Audit aims to ensure compliance with the provisions of the Income Tax Act, 1961, and detect and prevent tax evasion and fraud.
    • In 1988, the ICAI limited Chartered Accountants to a specified number of tax audit assignments to ensure quality and reduce the risk of misconduct.
    • This limit was part of the guidelines issued in 2008, which replaced previous notifications and were challenged in various High Courts.

    About the Institute of Chartered Accountants of India (ICAI):

    Details
    Establishment The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949.
    Regulatory Body The second largest professional body of chartered accountants in the world after the American Institute of Certified Public Accountants (AICPA).

    Only licensing authority for chartered accountants in India

    Headquarters New Delhi, India, with 5 regional offices and 163 branches across the country.
    Functions Regulates education, training, and examinations for Chartered Accountants. Formulates accounting and auditing standards.
    Membership Granted to individuals who complete prescribed education and training and pass final examinations.
    Powers of ICAI
    • Involves theoretical education and practical training under a practising Chartered Accountant.
    • Conducted at Foundation, Intermediate, and Final levels, held twice a year in May and November.
    • Formulates Accounting Standards (AS), Auditing Standards (SA), and other guidance notes.
    • Investigates complaints of professional misconduct against members and takes disciplinary actions.
    International Affiliations Member of international accounting bodies including-

    1. International Federation of Accountants (IFAC),
    2. Confederation of Asian and Pacific Accountants (CAPA), and
    3. South Asian Federation of Accountants (SAFA).

     

    PYQ:

    [2018] With reference to India’s decision to levy an equalization tax of 6% on online advertisement services offered by non- resident entities, which of the following statements is/are correct?

    1. It is introduced as a part of the Income Tax Act.
    2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the “Double Taxation Avoidance Agreements”.

    Select the correct answer using the codes given below:

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

  • Tourism Sector

    India rises to 39th position in WEF Index for travel, tourism development

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: WEF, Travel and Tourism Development Index (TTDI)

    Why in the News? 

    • India has moved up to the 39th position in the World Economic Forum’s latest “Travel & Tourism Development Index (TTDI) 2024, a significant climb from 54th in 2021.
      • The United States tops the index, followed by Spain, Japan, France, and Australia.
      • Pakistan is ranked 101st.

    India’s Performance and Ranking

    • Price Competitiveness: India is ranked 18th in terms of price competitiveness.
    • Transport Infrastructure: It stands at 26th for air transport and 25th for ground and port infrastructure.
    • Resource Ranking: India is 6th in natural resources, 9th in cultural resources, and 9th in non-leisure resources.
    • TTDI Score Change: India’s overall TTDI score decreased by 2.1% compared to its 2019 level.
    • Decline in Sustainability Performance: India has seen a decline in sustainability performance relative to 2019 but still performs well due to the prevalence of sustainable long stays among inbound visitors.

    About Travel & Tourism Development Index (TTDI)

    • The TTDI was compiled in collaboration with the World Economic Forum (WEF) and the University of Surrey in the United Kingdom (UK).
    • TTDI 2024 is the second edition, evolved from the Travel & Tourism Competitiveness Index (TTCI) series, a flagship index of WEF that has been in production since 2007.
    • TTDI 2024 covered 119 countries’ travel and tourism sectors across various factors and policies.

    Back2Basics: World Economic Forum (WEF)

    Description
    Establishment Founded in 1971 by Swiss-German economist Klaus Schwab in Geneva, Switzerland.
    Purpose To bring together public and private sector leaders to address global political, social, and economic issues.
    Membership Introduced in 1975, membership includes the world’s top 1,000 companies.
    Scope Expansion Initially focused on European firms catching up with US management practices, expanded to encompass broader economic and social issues.
    Birth of the G20 The concept of the G20, focusing on global finance and comprising 20 countries, emerged from discussions at the WEF in 1998.
    Key Reports Published
    • Global Competitiveness Report
    • Global Risks Report
    • Global Gender Gap Report
    • Global Human Capital Report
    • Global Information Technology Report
    • Future of Jobs Report
    • Global Enabling Trade Report

    Trick: Reports beginning with the name ‘Global’.

    World level recovery in travel and tourism:

    • Sector Recovery: International tourist arrivals and the sector’s contribution to global GDP are expected to return to pre-pandemic levels in 2024.
    • Regional Recovery: West Asia exceeded its 2019 tourist arrival levels by 20%, while Europe, Africa, and the Americas are recovering robustly, each reaching about 90% of their 2019 levels.

    PYQ:

    [2019] The Global Competitiveness Report is published by the:

    (a) International Monetary Fund

    (b) United Nations Conference on Trade and Development

    (c) World Economic Forum

    (d) World Bank

    Practice MCQ:

    The Travel & Tourism Development Index (TTDI) is released by:

    1. International Air Transport Association (IATA)
    2. World Tourism Foundation (WTF)
    3. World Economic Forum
    4. World Bank