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Type: Prelims Only

  • Innovations in Sciences, IT, Computers, Robotics and Nanotechnology

    What separates Classical and Quantum Chaos?

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Chaos Theory

    Mains level: NA

    Central Idea

    • Have you ever wondered why weather forecasts sometimes go wrong?
    • It’s because our atmosphere is a place of constant change and randomness. Predicting exactly what will happen can be really tough.
    • We’ll explore this idea of chaos and how it affects not only weather but many other things, from tiny particles to the quantum world.

    Chaos in Weather Forecasting

    • Randomness in the Atmosphere: Earth’s atmosphere, a laboratory of randomness, constantly changes in terms of pressure, density, gas flow rates, and temperature, making the paths of gas molecules unpredictable.
    • The Butterfly Effect: The “butterfly effect” illustrates the idea that a butterfly’s wings flapping in one place can trigger a storm elsewhere, emphasizing the sensitivity of chaotic systems to initial conditions.
    • Deterministic Chaos: Chaotic systems, like a pinball machine, follow deterministic physical laws but exhibit seemingly unpredictable behavior. The term “deterministic chaos” implies that precise knowledge of the present is required for accurate future predictions.

    Chaos and the Lyapunov Time

    • Diverse Applications: Chaos theory finds applications in various fields, from fluid dynamics and human heartbeat irregularities to voting patterns and planetary dynamics.
    • Sensitivity to Initial Conditions: Chaotic systems are highly sensitive to their initial conditions, often leading to seemingly random behavior.
    • Lyapunov Time: The predictability of a chaotic system depends on factors such as the accuracy of its initial state knowledge and the Lyapunov time, which varies from milliseconds for electrical circuits to millions of years for the inner solar system.

    What is Quantum Chaos?

    • Quantum Mechanics vs. Chaos: Quantum mechanics, while probabilistic, differs from chaos theory. Subatomic particles lack point-like locations, making it impossible to precisely determine their positions.
    • Perturbation Theory: Quantum physics addresses mild disturbances in atomic systems using perturbation theory. Chaos, however, requires a distinct approach, leading to the field of quantum chaos.
    • The Rydberg Atom: The Rydberg atom bridges classical and quantum domains. When an atom’s energy levels become nearly continuous due to high excitation, it exhibits classical behavior.
    • Spectrum Signatures: Chaos in a Rydberg atom manifests in the spectrum of its energy levels, with irregularities that contrast with the randomness of non-chaotic quantum systems.

    Significance of studying Quantum Chaos

    • Discrete Energy Steps: Quantum systems feature discrete energy levels, in contrast to classical systems with continuous energy. The Rydberg atom offers a link between these realms.
    • Regularities in Chaos: Chaotic quantum systems surprisingly display strong regularities in the distribution of energy levels, an area ripe for exploration.
    • Expanding Horizons: Quantum chaos is a burgeoning field of research with implications in thermalization, quantum information, and black hole quantum mechanics, presenting exciting challenges and opportunities.
  • Innovations in Sciences, IT, Computers, Robotics and Nanotechnology

    China’s TRIDENT Telescope: Oceanic Quest for Ghost Particles

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Tropical Deep-sea Neutrino Telescope (TRIDENT)

    Mains level: Read the attached story

    trident

    Central Idea

    • Chinese scientists are constructing the world’s most extensive “ghost particle” detector, named the Tropical Deep-sea Neutrino Telescope (TRIDENT) in the South China Sea.

    About TRIDENT Telescope

    • Scheduled for completion in 2030, TRIDENT, aptly nicknamed “Ocean Bell” or “Hai ling” in Chinese.
    • It will be positioned 11,500 feet (3,500 meters) beneath the ocean’s surface in the Western Pacific.
    • It seeks to explore the realm of neutrinos, transient particles that momentarily interact with the deep ocean, emitting faint flashes of light.

    Project Timeline

    • Pilot Phase (2026): TRIDENT will initiate a pilot project to fine-tune operations.
    • Full Deployment (2030): The complete detector will be operational, embarking on a quest to expand the frontiers of neutrino astronomy.

    Features of TRIDENT

    • Optical Sensors and String Arrays: TRIDENT boasts over 24,000 optical sensors distributed across 1,211 strings, each extending 2,300 feet (700 meters) from the seabed. The detector’s arrangement follows a Penrose tiling pattern, covering a vast 4 km diameter.
    • Expansive Coverage: Once operational, TRIDENT will surveil neutrinos within an impressive 7.5 cubic km. In contrast, the world’s largest current neutrino detector, IceCube in Antarctica, encompasses a mere 1 cubic km.
    • Enhanced Sensitivity: TRIDENT’s extensive coverage significantly heightens its sensitivity, augmenting its prospects of detecting elusive neutrinos.

    Back2Basics: Ghost Particles – Neutrinos

    Electric Charge Electrically neutral, carrying no charge.
    Mass Tiny mass, much smaller than electrons.
    Interactions Interact very weakly with matter.
    Types 3 known types:

    1. Electron,
    2. Muon, and
    3. Tau neutrinos
    Production Sources Neutrinos are produced in various astrophysical processes, nuclear reactions, and particle interactions.
    Detection
    • Detecting neutrinos is challenging due to their weak interactions.
    • Specialized detectors like neutrino observatories are used.
    Significance
    • Play a crucial role in astrophysics, contributing to our understanding of stars, supernovae, and cosmic rays.
    • Neutrinos can change between different flavors, known as neutrino oscillation, which was a groundbreaking discovery.
  • Labour, Jobs and Employment – Harmonization of labour laws, gender gap, unemployment, etc.

    Back in news: Article 142 of the Constitution

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Art 142

    Mains level: Not Much

    Central Idea

    • The Supreme Court has used its extraordinary constitutional power under Article 142 to do complete justice for a 50-year-old man who fought for nearly three decades against the postal department’s refusal to give him a job despite his name figuring high on the merit list.

    What is Article 142?

    Article 142 titled ‘Enforcement of decrees and orders of the Supreme Court and orders as to discovery, etc.’ has two clauses:

    [1] Article 142(1)

    • The Supreme Court in the exercise of its jurisdiction may pass such decree or make such order as is necessary for doing complete justice in any cause or matter pending before it.
    • Any decree so passed or order so made shall be enforceable throughout the territory of India.
    • It may be in such manner as may be prescribed by or under any law made by Parliament and, until provision in that behalf is so made, in such manner as the President may by order prescribe.

    [2] Article 142(2)

    • The Supreme Court shall have all and every power to make any order for the purpose of securing the attendance of any person, the discovery or production of any documents, or the investigation or punishment of any contempt of itself.

    Important instances when Article 142 was invoked

    • Bhopal Gas tragedy case: The SC awarded a compensation of $470 million to the victims and held that “prohibitions or limitations or provisions contained in ordinary laws cannot, ipso facto, act as prohibitions or limitations on the constitutional powers under Article 142.”
    • Babri Masjid demolition case: The Supreme Court ordered framing of a scheme by the Centre for formation of trust to construct Ram Mandir at the Masjid demolition site in Ayodhya.
    • Liquor sale ban case: The Supreme Court banned liquor shops within a distance of 500 metres from National as well as State highways in order to prevent drunken driving.
    • Ex-PM Assassin case: In the case of Perarivalan, the Supreme Court invoked Article 142(1) under which it was empowered to pass any order necessary to do complete justice in any matter pending before it.

    Try this PYQ from CSP 2019:

    Q.With reference to the Constitution of India, prohibitions or limitations or provisions contained in ordinary laws cannot act as prohibitions or limitations on the constitutional powers under Article 142. It could mean which one of the following?

    (a) The decisions taken by the Election Commission of India while discharging its duties cannot be challenged in any court of law.

    (b) The Supreme Court of India is not constrained in the exercise of its powers by laws made by the Parliament.

    (c) In the event of grave financial crisis in the country, the President of India can declare Financial Emergency without the counsel from the Cabinet.

    (d) State Legislatures cannot make laws on certain matters without the concurrence of Union Legislature.

    Post your answers here.
  • Judicial Reforms

    Article 142 of Indian Constitution

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Article 142, Hindu Marriage Act

    Mains level: Not Much

    Central idea:  Supreme Court has ruled that it can dissolve a marriage on the ground of irretrievable breakdown, using its power under Article 142(1), without referring the parties to family court for waiting period of 6-18 months for mutual consent divorce.

    What is Article 142?

    Article 142 titled ‘Enforcement of decrees and orders of the Supreme Court and orders as to discovery, etc.’ has two clauses:

    [1] Article 142(1)

    • The Supreme Court in the exercise of its jurisdiction may pass such decree or make such order as is necessary for doing complete justice in any cause or matter pending before it.
    • Any decree so passed or order so made shall be enforceable throughout the territory of India.
    • It may be in such manner as may be prescribed by or under any law made by Parliament and, until provision in that behalf is so made, in such manner as the President may by order prescribe.

    [2] Article 142(2)

    • The Supreme Court shall have all and every power to make any order for the purpose of securing the attendance of any person, the discovery or production of any documents, or the investigation or punishment of any contempt of itself.

    History of Article 142

    • When a draft Constitution was prepared by the drafting committee and placed before the Constituent Assembly, Article 142 was actually numbered as Article 118.
    • It was placed before the Constituent Assembly on May 27, 1949 for debate but got adopted on the same day without any debate.
    • This was possibly because everyone agreed that in order to ensure judicial independence, the highest court of the country must be empowered with plenary power to do complete justice.

    Article 142 in Divorce Cases

    (1) Current Divorce Process

    • The Hindu Marriage Act allows for “divorce by mutual consent.”
    • Both parties must file a petition to the district court, citing that they have been living separately for at least one year and mutually agree to dissolve the marriage.
    • The parties must then move a second motion before the court, no earlier than six months after filing the first petition and no later than 18 months after the same date.

    (2) Factors considered for irretrievable breakdown

    The Court must be convinced that the marriage is “totally unworkable, emotionally dead, and beyond salvation.” The following factors can be considered:

    1. The period of time that the parties had cohabited after marriage
    2. When the parties had last cohabited
    3. Nature of allegations made by the parties against each other and their family members
    4. Orders passed in the legal proceedings from time to time
    5. Cumulative impact on the personal relationship
    6. Whether and how many attempts were made to settle the disputes by a court or through mediation, and when the last attempt was made.
    7. The period of separation should be sufficiently long, and anything above six years or more will be a relevant factor.
    8. It is necessary to evaluate the factors according to the economic and social status of the parties, including their educational qualifications, whether they have any children, their age, and whether the spouse and children are dependents.

    Try this PYQ from CSP 2019:

    Q.With reference to the Constitution of India, prohibitions or limitations or provisions contained in ordinary laws cannot act as prohibitions or limitations on the constitutional powers under Article 142. It could mean which one of the following?

    1. The decisions taken by the Election Commission of India while discharging its duties cannot be challenged in any court of law.
    2. The Supreme Court of India is not constrained in the exercise of its powers by laws made by the Parliament.
    3. In the event of grave financial crisis in the country, the President of India can declare Financial Emergency without the counsel from the Cabinet.
    4. State Legislatures cannot make laws on certain matters without the concurrence of Union Legislature.

     

    Post your answers here.

     

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  • Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

    Leniency Plus Norms to curb Cartelisation

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Leniency Plus Norms

    Mains level: NA

    Central Idea

    • The Competition Commission of India (CCI) has unveiled a draft of revised lesser penalty regulations, introducing a groundbreaking “Leniency Plus” Norms and shedding light on its strategy for combating cartels.

    About Competition Commission of India (CCI)

    • The CCI is the chief national competition regulator in India.
    • It is a statutory body within the Ministry of Corporate Affairs.
    • It is responsible for enforcing The Competition Act, 2002 in order to promote competition and prevent activities that have an appreciable adverse effect on competition in India.

    Understanding “Leniency Plus”

    • Existing Leniency Program: Under the current Competition Act 2002, a leniency program allows companies to receive partial immunity from penalties if they provide substantial information about their involvement in a cartel. This aids competition authorities in uncovering secret cartels and obtaining insider evidence.
    • Additional Reduction in Penalty: In the “Leniency Plus” framework, a cartel member cooperating with CCI for leniency can disclose the existence of another unrelated cartel during the original leniency proceedings. In return, they receive an additional reduction in penalties.
    • Incentivizing Disclosure: “Leniency Plus” serves as a proactive antitrust enforcement strategy, encouraging companies already under investigation for one cartel to report other undisclosed cartels, thus promoting transparency.

    Legal foundation

    • Legal basis: The “Leniency Plus” regime was incorporated into the Competition (Amendment) Act 2023, which received Presidential approval in April of the same year.
    • Global Adoption: The concept of “Leniency Plus” is not new, as it is already recognized and practised in jurisdictions like the UK, US, Singapore, and Brazil.
    • Encouraging Disclosure: One of the key aspects of these regulations is their encouragement for companies already under investigation for one cartel to report other undisclosed cartels to the competition regulator.

    Tap to read more about Cartelization!

  • Electoral Reforms In India

    How are Symbols allotted to Political Parties in India?

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Election Symbols

    Mains level: Read the attached story

    symbols

    Central Idea

    • A recent Supreme Court decision declining a plea by a political party in Telangana, questioning the allocation of election symbols, has thrown the spotlight on the intriguing world of political symbols in India.
    • This article delves into the process of symbol allocation and its role in shaping the country’s political landscape.

    Symbols Allocation Authority: ECI

    • The ECI is responsible for allocating symbols to political parties, following guidelines laid out in The Election Symbols (Reservation and Allotment) Order, 1968.
    • This order aims to regulate symbol specification, reservation, choice, and allotment during elections.

    Types of Election Symbols

    • Reserved and Free Symbols: Symbols can be either reserved, exclusively assigned to recognized political parties, or ‘free’ symbols that can be chosen by unrecognised registered parties’ candidates. Unrecognized parties are those that haven’t met the criteria for state party recognition.
    • Exclusive Symbols: Recognized national and state parties are granted exclusive symbols, signifying their established status.

    Symbol Selection by Parties

    • Preference Lists: Unrecognized parties provide a list of ten preferred symbols from the free symbol pool.
    • Proposal of New Symbols: Parties can propose up to three new symbols for consideration, provided they do not resemble reserved or free symbols, carry religious or communal connotations, or depict birds or animals.
    • Common Symbol Assignment: The ECI may allot a proposed symbol as a common symbol for the party if it deems it suitable.

    Historical Origins of Symbols

    • Sketching Process: Symbols were initially sketched by MS Sethi, who retired from the ECI in 1992. These symbols were conceived through brainstorming sessions where the goal was to identify objects that the common man could relate to.
    • Birth of Familiar Symbols: Many iconic symbols such as the bicycle, elephant, and broom originated from these sessions.
    • Unconventional Entries: Some lesser-known symbols like a pair of glasses, a nail cutter, and a neck-tie were also suggested, reflecting the diversity of ideas.
    • Modern Additions: Over time, new symbols like a bowl of noodles and a mobile charger have been included in the symbol list, reflecting contemporary times.

    Political Parties’ Say

    • Preference Submission: Unregistered parties submit their symbol preferences from the list of free symbols.
    • Proposal of New Symbols: Parties can suggest up to three new symbols with clear designs and drawings.
    • Criteria for Approval: Proposed symbols must not resemble existing reserved or free symbols, possess religious or communal connotations, or depict birds or animals.

    Symbol Allocation in Split Parties

    • Decision by ECI: When recognized political parties split, the ECI determines the symbol assignment. For example, the Congress party’s symbol evolved from a pair of bulls to the current hand symbol due to splits.
    • Recent Example: The ECI assigned different symbols to factions of the Shiv Sena, allowing one faction to retain the bow and arrow symbol while allotting a flaming torch to the other.

    Conclusion

    • The allocation of election symbols in India is a meticulous process governed by the ECI’s guidelines.
    • These symbols hold profound significance in political campaigns, representing parties’ identities and ideologies.
    • Understanding the history and intricacies of symbol allocation provides valuable insights into India’s dynamic political landscape.
  • RBI Notifications

    RBI’s $5 Billion Forex Swap Matures

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Forex Swap

    Mains level: Not Much

    Central Idea

    • As a $5 billion forex swap between the Reserve Bank of India (RBI) and banks approaches maturity, it signifies the central bank’s strategic move to manage liquidity and mitigate inflationary pressures.

    What is RBI’s Forex Swap?

    • Forex Tool: The Dollar–Rupee Swap is a forex tool employed by the RBI to exchange its currency with banks for another currency.
    • Buy/Sell Swap: It involves two variants: Dollar–Rupee Buy/Sell Swap, where the RBI buys dollars from banks in exchange for Indian Rupees, and then commits to selling the dollars back at a later date.
    • Sell/Buy Swap: Conversely, the RBI may sell dollars, thereby withdrawing an equivalent sum in rupees, reducing liquidity in the financial system.
    • Risk Mitigation: These swap operations are characterized by predetermined transaction terms, eliminating exchange rate and market risks.

    The Strategy behind

    • USD 5 Billion Swap: The RBI initiated a USD 5.135 billion swap with banks and aims to repurchase the dollars at the lowest possible premium after a two-year tenor.
    • Lower Range Bids: Banks bidding at the lower end of the premium range are more likely to succeed in the auction.

    Rationale for RBI’s Action

    • Surplus Liquidity: The Indian financial system currently experiences surplus liquidity, amounting to Rs 7.5 lakh crore, necessitating measures to curb potential inflation.
    • Traditional Tools: Traditional methods like increasing the repo rate or Cash Reserve Ratio (CRR) can negatively impact the economy and may not lead to complete transmission of monetary policy.
    • Previous Toolkit: The RBI used Variable Rate Reverse Repo Auction (VRRR) but encountered under-subscription due to better yields in the cash market.
    • Longer-Term Strategy: As a result, the RBI opted for forex auctions as a longer-term liquidity adjustment tool.

    Impact of the Swap

    • Liquidity Reduction: The primary effect is the reduction of liquidity, which currently stands at an average of Rs 7.6 lakh crore.
    • Strengthening Rupee: Increased dollar inflow will strengthen the Indian Rupee, which has already appreciated against the US dollar.
    • Inflation Control: The RBI typically tightens liquidity when inflation risks are elevated. Factors contributing to inflation include rising oil prices due to the Russia-Ukraine conflict and foreign portfolio investors withdrawing funds from Indian stocks.

    Conclusion

    • The RBI’s forex swap strategy emerges as a strategic tool to manage liquidity, stabilize the currency, and control inflationary pressures.
    • By reducing system liquidity and strengthening the rupee, the central bank aims to navigate the challenges posed by global events and ensure economic stability in India.
  • Historical and Archaeological Findings in News

    Places in news: Edakkal Caves

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Edakkal Caves

    Mains level: Not Much

    Edakkal Caves

    Central Idea

    • Kerala Tourism has launched a project to improve civic amenities around the Edakkal Caves in Wayanad, known for its rock art from prehistoric times.

    About Edakkal Caves

    • The Edakkal Caves are situated in the Wayanad district of Kerala on Ambukutty Mala, a prominent hill in the region
    • It is not a typical cave but rather a natural cleft, rift, or rock shelter created by a piece of rock splitting away from the main body.
    • It was discovered in 1890 by Fred Fawcett, a British police official.
    • The caves are also known as “Ampukuthy Mala,” with a local belief that they were created by Rama’s sons, Lava and Kusha, who struck arrows on the mountain.

    Significance of the caves

    • Historical Significance: The caves are historically significant as they are situated near an ancient trade route connecting the high mountains of Mysore to the ports of the Malabar Coast.
    • Pictorial Writings: Inside the Edakkal Caves, there are pictorial writings believed to date back to at least 6,000 BCE during the Neolithic period.
    • Unique Stone Age Carvings: The Stone Age carvings are rare and represent the only known examples from South India, which belong to the Mesolithic era.
    • Cultural Significance: The petroglyphs found include depictions of human and animal figures, tools used by humans, and enigmatic symbols yet to be deciphered, indicating a rich cultural and historical heritage.
    • Indus Valley Connect: Some of the paintings found in the Edakkal Caves, particularly those of a “man with jar cup,” have led to speculation about a possible connection to the Indus Valley civilization.
  • Foreign Policy Watch: India – EU

    Visa Shopping in India: Legal Implications and Opportunities

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Visa Shopping

    Mains level: NA

    Visa Shopping

    Central Idea

    • The practice of ‘visa shopping’ is on the rise across various Indian states, most notably in Punjab, where travel agencies facilitate this process.

    Understanding Visa Shopping

    • Definition: ‘Visa shopping’ entails obtaining visas for countries one may or may not intend to visit during the visa’s validity period.
    • Purpose: Individuals opt for this practice to secure access to their preferred countries, especially in Europe, even if they possess visas for other European nations.
    • Planning for the Future: Some acquire visas for countries they do not plan to visit immediately, strategically increasing their chances of obtaining visas for their desired destinations later, given the lengthy and uncertain visa application processes.

    Exploiting the Schengen System

    • Schengen Visa: This visa exemplifies ‘visa shopping’ as it offers a unique opportunity to explore multiple European countries without the need for separate visas.
    • Schengen Agreement: Established in 1985, the Schengen system allows free movement between member countries, comprising over 24 nations, sans border controls.
    • Single Visa, Multiple Countries: Obtaining a Schengen Visa from one of its member countries, such as Germany, France, or Italy, grants entry into the entire Schengen region.

    Case Scenarios

    • Easier Application Process: Many applicants prefer to secure a Schengen Visa from a country with a more straightforward application process.
    • Success Stories: Instances include individuals who, after facing rejection for a Spanish or German visa, obtained visas for other Schengen nations, enabling them to reach their intended destinations.

    Visa Shopping and Legal Issues

    • Compliance with Norms: The practice is legal as long as travellers adhere to visa process norms and obtain legitimate permission to stay in the country.
    • Intent Matters: Legal complications arise when individuals seek visas for one country but actually intend to stay in another or use it merely as an entry point.
    • Estonian Embassy’s Caution: The Embassy of Estonia in New Delhi cautioned against visa shopping, emphasizing that travellers must apply for a visa from the country where they plan the maximum stay.

    Consequences of Suspected Visa Shopping

    • Thorough Scrutiny: Embassies now conduct comprehensive checks of travel plans to detect visa shopping.
    • Potential Consequences: Suspected individuals may face visa refusal, being offloaded from flights, or deportation from EU borders.
    • Official Suspicion: Repeated engagement in visa shopping can arouse suspicion among immigration officials, leading to potential problems during travel.
  • Economic Indicators and Various Reports On It- GDP, FD, EODB, WIR etc

    Bidenomics and Global Economic Landscape in 2024

    Note4Students

    From UPSC perspective, the following things are important:

    Prelims level: Bidenomics

    Mains level: NA

    Central Idea

    • The year 2024 is poised to be a momentous one for the global economy, marked by significant elections in some of the world’s largest economies, including India, Russia, the UK, the EU, and the US.
    • “Bidenomics” is the nickname for the economic vision of President Joe Biden. It’s used to convey his administration’s economic gains, policies and plans.

    Bidenomics and its Relevance

    • Policy Shifts: The potential election outcome in the US could have far-reaching consequences, especially concerning ‘Bidenomics’—President Biden’s distinctive economic policy approach.
    • Radical Departures: Trump’s policies diverged significantly from established US and global norms, with actions like withdrawing from the Paris Climate Agreement and adopting protectionist trade policies against nations like China.
    • Bidenomics: President Biden introduced a policy shift aimed at reversing decades of economic trends, emphasizing income equality and reducing the influence of big corporations.
    • 3 major aspects of Bidenomics:
    1. Public Investments: Focus on smart investments in infrastructure and clean energy.
    2. Empowering Workers: Prioritizing workers’ rights and education to strengthen the middle class.
    3. Promoting Competition: Encouraging competition to reduce costs and foster small business growth.

    Performance of Bidenomics

    • Macro Indicators: On a macroeconomic level, Bidenomics has shown positive results, as indicated by GDP growth, unemployment rates, and inflation trends.
    • GDP Growth: The US has outperformed major developed nations in terms of GDP growth, with a rapid post-pandemic recovery.
    • Unemployment: Unemployment rates have decreased significantly under Biden’s leadership, with job creation outpacing the number of job seekers.
    • Inflation: However, inflation spiked due to external factors but has since moderated.