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(PRELIMS & MAINS Focus)


Foreign Exchange Management (Overseas Investment) Rules, 2022

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In News: The government notified new norms for overseas investments by Indians.

In view of the evolving needs of businesses in India, in an increasingly integrated global market, there is a need of Indian corporates to be part of the global value chain.

The revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment and has been aligned with the current business and economic dynamics.

Source: The Hindu

Indian Express

Previous Year Question

Q.1) With reference to India, consider the following statements: (2021)

  1. Retail investors through demat account can invest in ‘Treasury Bills’ and ‘Government of India Debt Bonds’ in primary market.
  2. The ‘Negotiated Dealing System-Order Matching’ is a government securities trading platform of the Reserve Bank of India.
  3. The ‘Central Depository Services Ltd.’ is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.

Which of the statements given below is/are correct?

  1. 1 Only
  2. 1 and 2
  3. 3 Only
  4. 2 and 3

Spectrographic Investigation of Nebular Gas (SING) Project

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In News: India-China dispute casts gloom over space project.

India and China have been collaborators in the past on research projects such as the Giant Metre Wave Radio Telescope, a Pune-based observatory that’s employed by astrophysicists across the world to study radiation at metre-scale resolutions to observe and analyse stars and galaxies.

Must Read: China’s space station

Source: The Hindu

Previous Year Question

Q.1) The experiment will employ a trio of spacecraft flying in formation in the shape of an equilateral triangle that has sides one million kilometres long, with lasers shining between the craft”. The experiment in question refers to (2020)

  1. Voyager
  2. New Horizons
  3. LISA Pathfinder
  4. Evolved LISA


Vertical Launch Short Range Surface to Air Missile

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In News: Recently, Vertical Launch Short Range Surface to Air Missile (VL-SRSAM) was successfully flight-tested by Defence Research & Development Organization (DRDO) and the Indian Navy from an Indian Naval Ship at Integrated Test Range (ITR), Chandipur off the coast of Odisha.

Features:

Source: Pib.Gov

Indian Express

Previous Year Questions

Q.1) With reference to the Agni-IV Missile, which of the following statement(s) is/are correct? (2014)

  1. It is a surface-to-surface missile.
  2. It is fuelled by liquid propellant only.
  3. It can deliver a one-tonne nuclear warhead about 7500 km away.

Select the correct answer using the codes given below.

  1. 1 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Jupiter through the Webb telescope

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In News: The James Webb Space Telescope, NASA’s latest and most powerful telescope, has captured new images of our solar system’s largest planet, Jupiter, presenting it in a never-before-seen light.

     

Unprecedented view

The Webb Telescope

Source: Indian Express


India’s sex ratio at birth normalises slightly

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In News: Study says sex ratio at birth fell from 111 boys per 100 girls in 2011 to 108 boys per 100 girls in 2019-21

Measures taken by Government to fight sex selective abortions

Pre-Conception and Pre-Natal Diagnostic Techniques Act

Salient features of the act:

Other measure taken by government to improve condition of females:

‘Beti Bachao, Beti Padhao’ campaign

The objectives of this initiative are to prevent of gender biased sex selective elimination, and to ensure survival and protection of the girl child. The strategies involved in this scheme are:

Legislations for creating a safe and secure environment for females.

Enhanced Focus on Health & Education of Child

Political Empowerment

Must Read: Child Malnutrition

Source: The Hindu

Previous Year Question

Q.1) Pradhan Mantri MUDRA Yojana is aimed at (2016)

  1. bringing the small entrepreneurs into formal financial system
  2. providing loans to poor farmers for cultivating particular crops
  3. providing pensions to old and destitute persons
  4. funding the voluntary organizations involved in the promotion of skill development and employment generation

The implications of the 5G roll-out for law enforcement

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Context: Role of Law Enforcement Agencies in roll-out of 5G technology.

With a shaky cyber security foundation, the impact on crime and criminals could be serious

Ensuring security

Challenges in adopting 5G

Infrastructure and technology

Cyber security concerns

Increase in crimes and criminals

Way forward

Authorities will have to adopt measures to hinder crimes facilitated by 5G technology.

The 5G roll-out will be a game-changer for law enforcement agencies. It will enable the police fight crime effectively. At the same time, criminal use of 5G is inevitable. In this context, the recent recommendation of the Telecom Regulatory Authority of India to the government to develop a national road map for India to implement 5G in the best possible manner should encompass law enforcement requirements.

Must Read: 5G Technology + 5G Auctions

Source: The Hindu


Reinvigorating the Chabahar port

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Context: After months of what appeared to be a “go-slow”, the Union government has revved up its interest in using Iran’s Chabahar port to connect to Afghanistan, Europe, Russia and Central Asia for trade.

Importance of Chabahar port for India:

Delay in the Chabahar port project:

Way Forward

Must Read: Chabahar Port

Source: The Hindu


Vizhinjam port

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In News: The week-long ongoing protests against the construction of the Adani Group’s Vizhinjam International Transhipment Deepwater Multipurpose Seaport in Kerala’s capital Thiruvananthapuram intensified, with fisherfolk laying siege to the port from the sea and land.

Fisherfolk’s demands

The community has also put forward six other demands:

The government has conceded all demands except providing a kerosene subsidy, and halting the construction of the port.

Delays; contested studies

Question of viability

According to locals, the project would put the government in a “debt trap”, and could meet a fate similar to that of the Vallarpadam Terminal in Kochi, which has failed to make a profit more than a decade after it was opened.

Source: Indian Express

Indian Express


Europe’s great drought

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Context: Europe is experiencing the great drought.

The impact has been debilitating.

Worst in 500 years

Waterways and power

Drought in China, US too

Must Read: Drought in UP and Jharkhand

Source: Indian Express


Scientific Literacy in India

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What is the issue?

What is the status of scientific advancement in India?

What is the case of scientific literacy in India?

What is the need of the hour?

Source: The Hindu


Baba’s Explainer – Rohingya & ICC

Rohingya & ICC

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There are approximately 6.6 million refugees across the world today. Amongst them, the Rohingya community from Myanmar is one of the most vulnerable and endangered. Over 900,000 Rohingya people have already been displaced from Myanmar while many remain within the nation as internally displaced person.

Read Complete Details on Rohingya & ICC


Daily Practice MCQs

Daily Practice MCQs

Q.1) In which one of the following groups are all the four countries part of International North-South Transport Corridor (INSTC)?

  1. Turkey, India, Russia, and Yemen
  2. India, Ukraine, Belarus, and Egypt
  3. Russia, Iran, Pakistan, and India
  4. India, Russia, Azerbaijan, and Kazakhstan

Q.2) The Great Red Spot-on Jupiter is a

  1. High Pressure region that rotates clockwise
  2. Low Pressure region that rotates clockwise
  3. High Pressure Region that rotates anti-clockwise
  4. Low Pressure region that rotates anti-clockwise

Q.3) With reference to space technology, consider the following statements.

  1. Spectrographic Investigation of Nebular Gas (SING)deals with the study infrared radiation.
  2. The SING project would be the first space-collaboration involving India and China

Which of the statement/s given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Comment the answers to the above questions in the comment section below!!

ANSWERS FOR ’24th  August 2022 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.


ANSWERS FOR 23rd August 2022 – Daily Practice MCQs

Answers- Daily Practice MCQs

Q.1) – b

Q.2) – d

Q.3) – c

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