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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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Consider the following statements with respect to ‘Cotton Textiles Export Promotion Council (TEXPROCIL)’
Choose the correct answer using the code given below
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Incorrect | Correct | Correct |
| The Cotton Textiles Export Promotion Council is the first Council set up after Independence by the Government of India in 1954 is an autonomous, nonprofit body dedicated to promotion of exports. The Cotton Textiles Export Promotion Council, popularly known as TEXPROCIL has been the international face of cotton textiles from India facilitating exports worldwide | The activities of TEXPROCIL include Working with Indian Government on export promotion policies Providing Industry data on duties and taxes suffered with documentary evidence to arrange refund of the same after exports through well thought out draw back mechanism Assisting the Government in bilateral negotiations bringing to the table the domestic perspective | The Council promotes exports of – Raw Cotton Cotton Yarns and Blended Yarns (50% or more cotton) Grey and Processed ( doubled, gassed, mercerized, dyed, melange); Cotton and Blended (50% plus cotton) Woven and Knitted fabrics , Grey and Processed Home Textiles ( Bed linen, Kitchen linen, Bath towels and Other linen) Technical textiles ( Protective, Performance, Medical and Geo textiles) |
Context – The Cotton Textiles Export Promotion Council – Texprocil and the Cotton Corporation of India – CCI today signed an MoU for branding and traceability of Indian-grown Kasturi Cotton
Solution(b)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Incorrect | Correct | Correct |
| The Cotton Textiles Export Promotion Council is the first Council set up after Independence by the Government of India in 1954 is an autonomous, nonprofit body dedicated to promotion of exports. The Cotton Textiles Export Promotion Council, popularly known as TEXPROCIL has been the international face of cotton textiles from India facilitating exports worldwide | The activities of TEXPROCIL include Working with Indian Government on export promotion policies Providing Industry data on duties and taxes suffered with documentary evidence to arrange refund of the same after exports through well thought out draw back mechanism Assisting the Government in bilateral negotiations bringing to the table the domestic perspective | The Council promotes exports of – Raw Cotton Cotton Yarns and Blended Yarns (50% or more cotton) Grey and Processed ( doubled, gassed, mercerized, dyed, melange); Cotton and Blended (50% plus cotton) Woven and Knitted fabrics , Grey and Processed Home Textiles ( Bed linen, Kitchen linen, Bath towels and Other linen) Technical textiles ( Protective, Performance, Medical and Geo textiles) |
Context – The Cotton Textiles Export Promotion Council – Texprocil and the Cotton Corporation of India – CCI today signed an MoU for branding and traceability of Indian-grown Kasturi Cotton
With reference to ‘Gold Bonds’, consider the following statements
Select the correct statement(s)
Solution(d)
Statement Analysis:
| Statement 1 | Statement 2 |
| Incorrect | Incorrect |
| Gold bonds are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bond is issued by the RBI on behalf of the government. | The bonds are held in the books of the RBI or in demat form eliminating risk of loss. While the tenor of bonds is eight years, it can be redeemed after five years. Investors are assured of the market value of gold at the time of maturity and periodical interest. |
Context – RBI has announced the Sovereign Gold Bond Scheme 2022-23 – Series III, which will be open for subscription from December 19 to December 23.
Solution(d)
Statement Analysis:
| Statement 1 | Statement 2 |
| Incorrect | Incorrect |
| Gold bonds are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bond is issued by the RBI on behalf of the government. | The bonds are held in the books of the RBI or in demat form eliminating risk of loss. While the tenor of bonds is eight years, it can be redeemed after five years. Investors are assured of the market value of gold at the time of maturity and periodical interest. |
Context – RBI has announced the Sovereign Gold Bond Scheme 2022-23 – Series III, which will be open for subscription from December 19 to December 23.
Consider the following statements with respect to ‘Review Petition’
Choose the correct answer using the code given below
Solution(a)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Correct | Incorrect | Incorrect |
| It is not necessary that only parties to a case can seek a review of the judgment on it. Any person aggrieved by a ruling can seek a review. They are usually not heard in open court. Lawyers in review petitions usually make their case through written submissions, and not oral arguments. The same judges who passed the original verdict usually also hear the review petition. | In a 2013 ruling, the Supreme Court laid down three grounds for seeking a review of a verdict it has delivered: (i) the discovery of new and important matter or evidence which, after the exercise of due diligence, was not within the knowledge of the petitioner or could not be produced by him; (ii) a mistake or error apparent on the face of the record; or (iii) any other sufficient reason. In subsequent rulings, the court specified that “any sufficient reason” means a reason that is analogous to the other two grounds. | A review petition must be filed within 30 days of pronouncement of the judgment. Except in cases of death penalty, review petitions are heard through “circulation” by judges in their chambers. As the court of last resort, the Supreme Court’s verdict cannot result in a miscarriage of justice. So, in Roopa Hurra v Ashok Hurra (2002), the court itself evolved the concept of a curative petition, which can be heard after a review is dismissed to prevent abuse of its process. |
Context – The Supreme Court rejected a review petition filed by Bilkis Bano.
Solution(a)
Statement Analysis:
| Statement 1 | Statement 2 | Statement 3 |
| Correct | Incorrect | Incorrect |
| It is not necessary that only parties to a case can seek a review of the judgment on it. Any person aggrieved by a ruling can seek a review. They are usually not heard in open court. Lawyers in review petitions usually make their case through written submissions, and not oral arguments. The same judges who passed the original verdict usually also hear the review petition. | In a 2013 ruling, the Supreme Court laid down three grounds for seeking a review of a verdict it has delivered: (i) the discovery of new and important matter or evidence which, after the exercise of due diligence, was not within the knowledge of the petitioner or could not be produced by him; (ii) a mistake or error apparent on the face of the record; or (iii) any other sufficient reason. In subsequent rulings, the court specified that “any sufficient reason” means a reason that is analogous to the other two grounds. | A review petition must be filed within 30 days of pronouncement of the judgment. Except in cases of death penalty, review petitions are heard through “circulation” by judges in their chambers. As the court of last resort, the Supreme Court’s verdict cannot result in a miscarriage of justice. So, in Roopa Hurra v Ashok Hurra (2002), the court itself evolved the concept of a curative petition, which can be heard after a review is dismissed to prevent abuse of its process. |
Context – The Supreme Court rejected a review petition filed by Bilkis Bano.
Consider the following statements with respect to ‘Coalition for Nature’
Select the correct statement(s)
Solution(c)
Statement Analysis:
| Statement 1 | Statement 2 |
| Correct | Correct |
| A number of Small Island Developing States (SIDS) have agreed to form a ‘Coalition for Nature’ for the implementation and adoption of the Global Biodiversity Framework (GBF) at the 15th Conference of Parties (COP15) to the Convention on Biological Diversity. The coalition is being led by Cabo Verde, Samoa and Seychelles. | The purpose of the SIDS Coalition is to underline how SIDS are home to a large portion of the world’s biodiversity and show that they have been using nature-based solutions and leading the world by example. It will also highlight how enhancing the means of implementation of SIDS will be strategic to save the planet. |
Context – Coalition for Nature was formed by Small Island Developing States at COP15 Montreal
Solution(c)
Statement Analysis:
| Statement 1 | Statement 2 |
| Correct | Correct |
| A number of Small Island Developing States (SIDS) have agreed to form a ‘Coalition for Nature’ for the implementation and adoption of the Global Biodiversity Framework (GBF) at the 15th Conference of Parties (COP15) to the Convention on Biological Diversity. The coalition is being led by Cabo Verde, Samoa and Seychelles. | The purpose of the SIDS Coalition is to underline how SIDS are home to a large portion of the world’s biodiversity and show that they have been using nature-based solutions and leading the world by example. It will also highlight how enhancing the means of implementation of SIDS will be strategic to save the planet. |
Context – Coalition for Nature was formed by Small Island Developing States at COP15 Montreal
‘Operation Vijay’, whose anniversary was held recently is related to
Solution(a)
Operation Vijay – a 36-hour military operation (started on December 18, 1961 and concluded on December 19, 1961), was about the liberation of the Portuguese territories of Goa, Daman and Diu. This was possibly the Indian armed forces’ first tri-service operation.
Context – December 19 is celebrated as Goa Liberation Day.
Solution(a)
Operation Vijay – a 36-hour military operation (started on December 18, 1961 and concluded on December 19, 1961), was about the liberation of the Portuguese territories of Goa, Daman and Diu. This was possibly the Indian armed forces’ first tri-service operation.
Context – December 19 is celebrated as Goa Liberation Day.
