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Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 29th June 2024

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. Gear up and Make the Best Use of this initiative. Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!” Important Note: Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂 After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions. To take the Test Click Here

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 1st July 2024

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. Gear up and Make the Best Use of this initiative. Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!” Important Note: Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂 After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions. To take the Test Click Here

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam –29th June 2024

Archives (PRELIMS & MAINS Focus)   CASE FOR A BUFFER FOOD POLICY Syllabus Mains – GS 2 & GS 3 Context: Inflation, based on the official consumer price index (CPI), stood at 8.69 % for cereals in May, and almost twice as much (17.14%) for pulses. These rates would probably have been higher, but for the sales from buffer stocks, especially of wheat and chana (chickpea), built by government agencies during surplus production years. Background:- Overall CPI inflation, at 4.75% year-on-year in May, was the lowest in 12 months. It would have been lower had retail food inflation not stayed elevated at 8.69%. Key takeaways The Food Corporation of India’s (FCI) open market sale scheme brought down retail inflation in cereals and wheat, from their respective highs of 16.73% and 25.37% in February 2023 to 8.69% and 6.53% in May 2024. The inherently volatility and unpredictability of food prices, exacerbated by climate change — fewer rainy days and extended dry spells, interspersed with intense precipitation, and also shorter winters and heat waves — has made it difficult for the Reserve Bank of India (RBI) to consider any monetary easing or cutting interest rates. The government, too, is forced to resort to undesirable measures such as restricting exports, or imposing produce stock limits on traders and processors. One possible way out of the conundrum would be to build a buffer stock of all essential food items, by procuring these from farmers during years of surplus production, and offloading the same in times of crop failures to moderate market prices. There’s scope to not only expand procurement of pulses and oilseeds, but extend it to staple vegetables and even skimmed milk powder (SMP). The onion, potato and tomato procured can be stored in dehydrated/processed form such as paste, flakes and puree for sales to hotels, restaurants, canteens, and other institutional buyers. This would ensure that both households and bulk buyers do not compete to drive up prices during shortages. The fiscal cost of maintaining buffer stocks of essential food items may not be that much: the stocked commodities are not meant to be given out free and, instead, offloaded during scarcity/inflationary periods at near-market prices. Buffer stocking can be an instrument for curbing excessive volatility in food prices, similar to the RBI’s foreign exchange reserves vis-à-vis the currency market. Increasing climate-driven price volatility — ultimately helping neither consumers nor producers — only strengthens the case for a food buffer policy. Source: Indian Express INDIAN GOVERNMENT BONDS IN JP MORGAN INDEX FROM JUNE 28 Syllabus Prelims & Mains – ECONOMY Context: Indian Government Bonds (IGBs) are set to be included in the JP Morgan Government Bond Index, Emerging Market (GBI-EM) from June 28. The inclusion will take place over a period of 10 months starting June 28, 2024, through to March 31, 2025. Background: Inclusion of domestic bonds to global indices will help bring in dollar inflows into India and ensure a stable financing of the current account gap of the country. What was JP Morgan’s announcement? In September last year, JP Morgan had announced that it would include IGBs to its emerging markets bond index from June 2024. The decision was taken after the 2023 index governance review, it had said. India will have a 1% weightage in theJPMorgan Emerging Market (EM) Bond index, which will gradually rise to 10% over a 10-month period, at an inclusion rate of about 1% weight per month. A higher weightage will prompt global investors to allocate more funds for investment in Indian debt. How many Indian Government Bonds are eligible for inclusion? JP Morgan said there are 23 IGBs that meet the index eligibility criteria, with a combined notional value of approximately Rs 27 lakh crore or $330 billion. Only IGBs designated under the Fully Accessible Route (FAR) are index-eligible. In March 2020, the RBI, in consultation with the government, introduced a separate channel, called the FAR, to enable non-residents to invest in specified Government of India dated securities. As per the index inclusion criteria, eligible instruments are required to have notional outstanding above $1 billion (equivalent) and at least 2.5 years remaining maturity, JP Morgan said. What would be the impact of the bond inclusion? According experts, the move could lead to fresh active flows in the debt market, which remains underpenetrated on external financing. According to estimates by some economists, India is likely to receive $2 billion to $2.5 billion every month during the 10-month period starting June 28. Overall, it is expected that $20 billion to $25 billion of flows would come into India due to the inclusion. It will not only result in lower risk premia, but will also help India to finance its fiscal andcurrent account deficit (CAD), as well as enhance the liquidity and ownership base of government securities (G-secs; debt instruments issued by the central government to meet its fiscal needs). It could help lower funding costs slightly, and support further development of domestic capital markets, but direct positive effects on India’s credit profile will be marginal in the near term. While higher inflows will boost the rupee, inflation is likely to come under pressure. When the RBI mops up dollars from the market, it will have to release an equivalent amount in rupees, putting pressure on inflation. For Your Information: After JP Morgan Chase & Co, Bloomberg announced inclusion of Indian bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices from January 31, 2025. Source: Money Control LEBANON Syllabus Prelims – Geography Context: Israel has issued a strong warning, stating that if war were to break out with Hezbollah, it could result in Lebanon being “returned to the Stone Age.” Background: Hezbollah is a Lebanese Shia Islamist political party and paramilitary group. Its actions have significant regional implications, and tensions persist between Hezbollah and Israel.   About Lebanon: Lebanon is a small Middle Eastern nation situated on the eastern coast of the Mediterranean Sea in Western Asia. It shares land borders with two countries: Syria to the north and east, and Israel to the south. The western part of Lebanon is bounded by the Mediterranean Sea, and it also shares maritime borders with Cyprus. Disputed Border: One of the contentious issues is the disputed border between Lebanon and Israel. The Israel-Lebanon conflict has a complex history, including the 2006 war between Israel and Hezbollah in southern Lebanon. The Blue Line, drawn by the UN after Israel’s withdrawal from southern Lebanon in 2000, remains a contentious issue. Source: Al Jazeera RAIMONA NATIONAL PARK Syllabus Prelims – ENVIRONMENT Context: The Mainland Serow, a vulnerable mammal species recognized by the International Union for Conservation of Nature (IUCN), has been sighted in Assam’s Raimona National Park. Background: Raimona National Park contributes to the Greater Manas Landscape, strengthening conservation efforts in the region. About Raimona National Park Raimona National Park is located in the state of Assam along the Indo-Bhutan border, Raimona National Park is a significant conservation area. Geography and Boundaries: The park shares its northern border with Bhutan’s Phibsoo Wildlife Sanctuary. The western part is marked by the Sankosh River, forming the inter-state boundary between West Bengal and Assam. The eastern part is traversed by the Saralbhanga River (also known as Swrmanga), flowing southward from Bhutan’s Sarphang district. Vegetation and Flora: Raimona National Park boasts diverse forests, including moist sal forests, sub-Himalayan high alluvial semi-evergreen forests, savannah forests, and more. Orchids, tropical rainforest species, and riverine grasslands flourish within the park. Fauna: The park is home to various wildlife, including the Golden Langur, Asian Elephant, Royal Bengal Tiger, and Clouded Leopard. Notably, a recent scientific observation recorded a Mainland Serow (Capricornis sumatraensis thar) at an unusually low elevation of 96 meters above sea level in Raimona National Park. Mainland Serow: A mammal resembling a cross between a goat and an antelope. Inhabits altitudes ranging from 200 to 3,000 meters. Found across the India-Bhutan border in Phibsoo Wildlife Sanctuary and Royal Manas National Park in Bhutan. Other species include the Japanese serow, red serow (found in eastern India, Bangladesh, and Myanmar), and Taiwan or Formosan serow. Source: PTI FINANCIAL ACTION TASK FORCE (FATF) Syllabus Prelims & Mains – CURRENT EVENT Context: India has achieved an outstanding outcome in the Mutual Evaluation conducted during 2023-24 by the Financial Action Task Force (FATF). Background: The FATF recognized India’s high level of technical compliance with anti-money laundering (AML), countering the financing of terrorism (CFT), and counter-proliferation financing (CPF) requirements. About Financial Action Task Force (FATF) The Financial Action Task Force (FATF) is a global intergovernmental organization established in 1989. Initially, its objective was to examine and develop measures to combat money laundering. After the 9/11 attacks on the US, the FATF expanded its mandate to incorporate efforts to combat terrorist financing. In April 2012, it added efforts to counter the financing of proliferation of Weapons of Mass Destruction (WMD). Membership: 39 member countries, including India. Regional organizations (European Commission and Gulf Cooperation Council) also participate. India joined as an observer in 2006 and became a full member in 2010. Functions: Sets international standards. Assesses countries’ compliance. Identifies deficiencies and promotes policy reforms. Lists: The FATF maintains two lists: Black List: High-risk jurisdictions with significant deficiencies in countering money laundering and terrorist financing. Grey List: Jurisdictions under increased monitoring. Currently, North Korea and Iran are on the black list. Source: Money Control Protection of Children from Sexual Offences (POCSO) Act Syllabus Prelims & Mains – Polity Context: The Gujarat High Court on Thursday granted bail to a juvenile accused of rape and also facing charges under the Protection of Children from Sexual Offences (POCSO) Act after it held that the Juvenile Justice Board and the children court needed to examine whether he had the mental and physical capacity to understand the consequences of the offences he has been accused of. Background: According to the case details, the juvenile was in a relationship with a schoolmate, who was also a minor. The girl had died by suicide on the day her elder sister, aged 22 years, found her alone at home with the juvenile. The sister had scolded and beaten up the girl, following which she died by suicide. Protection of Children from Sexual Offences (POCSO) Act: It aims to address offences of sexual exploitation and sexual abuse of children, which were either not specifically defined or adequately penalised. It was enacted as a consequence of India’s ratification of the UN Convention on the Rights of the Child in 1992. Key features of the Protection of Children from Sexual Offences (POCSO) Act: It is a gender-neutral legislation as it defines a child as “any person” under the age of 18. It considers non-reporting a crime so any person in charge of an institution (excluding children) who fails to report the commission of a sexual offense involving a subordinate, faces punishment. It does not specify any time limit for reporting abuse so a victim may report an offence at any time, even years after the abuse has occurred. It keeps the victim’s identity confidential as the Act forbids the disclosure of the victim’s identity in any form of media unless authorized by the special courts established by the Act. Key Provisions of the Protection of Children from Sexual Offences (POCSO) Act: It defines a child as any person below the age of 18 years. The Act provides punishment as per the gravity of the offence. It mandates that investigation in the cases is to be completed in two months (from the date of registration of FIR) and trial in six months. It states a sexual assault is to be considered aggravated if – the abused child is mentally ill or, when the abuse is committed by a member of the armed forces or security forces, a public servant, or a person in a position of trust or authority of the child, like a family member, police officer, teacher, or doctor or a person-management or staff of a hospital, whether Government or private. It prescribes rigorous imprisonment for a term which shall not be less than ten years but which may extend to imprisonment for life and also a fine as punishment for aggravated penetrative sexual assault. It makes provisions for avoiding the re-victimization of the child at the hands of the judicial system. It makes it mandatory to report such cases as it makes it the legal duty of a person aware of the offence to report the sexual abuse. In case he fails to do so, the person can be punished with six months’ imprisonment or a fine. It prescribes punishment to the people who traffic children for sexual purposes. It provides for punishment against false complaints or untrue information. It was amended in 2019 to increase the minimum punishment from seven years to ten years. It further adds that if a person commits penetrative sexual assault on a child below the age of 16 years, he will be punished with imprisonment between 20 years to life, with a fine. Source: Indian Express Practice MCQs Daily Practice MCQs Q1.) Consider the following countries: Israel Syria Iran Egypt How many of the above-mentioned countries share border with Lebanon? Only one Only two Only three All four Q2.) Consider the following National Parks: Raimona Manas Kaziranga Orang How many of the above-mentioned National Parks are located in Assam? Only one Only two Only three All four Q3.) Consider the following statements: The Financial Action Task Force (FATF) is a global intergovernmental organization established in 1989. Currently, India is in the black list of the FATF. Which among the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  29th June 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  28th June – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) – b Q.2) – d Q.3) – a

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 28th June 2024

Archives (PRELIMS & MAINS Focus)   DANISH FARMERS TO FACE CARBON TAX FOR FLATULENT COWS, PIGS, A WORLD FIRST Syllabus Prelims & Mains – Current Event Context: Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep and pigs from 2030, the first country in the world to do so as it targets a major source of methane emissions, one of the most potent gases contributing to global warming. Background:- Denmark’s move comes after months of protests by farmers across Europe against climate change mitigation measures and regulations that they say are driving them to bankruptcy. Key takeaways Although carbon dioxide typically gets more attention for its role in climate change, methane traps about 87 times more heat on a 20-year timescale, according to the US National Oceanic and Atmospheric Administration. Levels of methane, which is emitted from sources including landfills, oil and natural gas systems and livestock, have increased particularly quickly since 2020. Livestock account for about 32 per cent of human-caused methane emissions, says the UN Environment Program. New Zealand had passed a similar law due to take effect in 2025. However, the legislature was scrapped after facing multiple criticisms from farmers. For Your Information: As of 2030, Danish livestock farmers will be taxed 300 kroner ($43) per ton of carbon dioxide equivalent in 2030. The tax will increase to 750 kroner ($108) by 2035. However, because of an income tax deduction of 60%, the actual cost per ton will start at 120 kroner ($17.3) and increase to 300 kroner by 2035. The aim is to reduce Danish greenhouse gas emissions by 70% from 1990 levels by 2030 As of 2030, Danish livestock farmers will be taxed 300 kroner ($43) per ton of carbon dioxide equivalent in 2030. The tax will increase to 750 kroner ($108) by 2035. However, because of an income tax deduction of 60%, the actual cost per ton will start at 120 kroner ($17.3) and increase to 300 kroner by 2035. Source: Hindu SANT KABIR DAS Syllabus Prelims & Mains – ART & CULTURE Context: Recently, the Prime Minister Modi paid his respectful tribute to Sant Kabir Das on his 647th birth anniversary. Background: Kabir Jayanti, also known asKabir Praakat Diwas, is celebrated to commemorate the manifestation of Kabir, a famous poet and mystic saint. It is celebrated once in a year on the full moon day in the Hindu month Jyeshtha, which is the month of May or June according to the Gregorian calendar. About Kabir Das Kabir (1398–1518 CE) was a well-known Indianmystic poet and sant. His verses are found in Sikhism’s scriptureGuru Granth Sahib, the Satguru Granth Sahib of Saint Garib Das, and Kabir Sagar of Dharamdas. Born in the city ofVaranasi, Uttar Pradesh, he is known for being critical of organized religions. He questioned what he regarded to be the meaningless and unethical practices of all religions, primarily what he considered to be the wrong practices in Hinduism and Islam.During his lifetime, he was threatened by both Hindus and Muslims for his views. Kabir suggested that “truth” is with the person who is on the path of righteousness, considered everything, living and non living, as divine, and who is passively detached from the affairs of the world.To know the truth, suggested Kabir, drop the “I”, or the ego. Kabir’s legacy survives and continues through theKabir panth (“Path of Kabir”), Sant Mat sect that recognizes Kabir as its founder. Its members are known as Kabir panthis Philosophies and Teachings of Kabir Das Unity of God Kabir Das believed that there is only one God, and this God is beyond all religions. He criticized the rigid practices of both Hinduism and Islam, promoting the idea that God is one and present everywhere. Kabir’s famous lines, “If by worshiping stones one can find God, I will worship a mountain. But no one worships the grinding stone at home, though it feeds the world,” show his disdain for superficial religiosity. Inner Devotion (Bhakti) Kabir emphasized that true worship comes from the heart. He believed that a sincere connection with God is more important than external rituals. He taught that one’s heart should be pure and filled with love for the divine, and this inner devotion is what truly matters. Critique of Rituals and Superstitions Kabir was a vocal critic of empty rituals and superstitions. He urged people to look beyond these practices and focus on sincere devotion. He believed that rituals without true devotion are meaningless, and that people should seek a deeper, personal experience of God. Equality and Social Justice Kabir condemned the caste system and social inequality. He believed that all human beings are equal, regardless of their caste, creed, or gender. His verses often called for unity and equality among all people, promoting a message of social justice and harmony. Guru and Spiritual Guide Kabir placed great importance on the role of the Guru (spiritual teacher). He believed that a Guru is essential for guiding individuals on their spiritual journey and helping them realize the divine within themselves. Kabir saw the Guru as a vital link between the individual and the divine. Simple Living Kabir advocated for a simple and humble lifestyle. He believed in living free from material desires and focusing on spiritual growth. His own life as a weaver exemplified his teachings of humility and simplicity, showing that one can lead a spiritually rich life without wealth or power. Source: Money Control GEO HERITAGE SITES Syllabus Mains – GS 1 Context: Geological conservation seeks to ensure the survival of the best representative examples of India’s geological features and events so that present and future generations can appreciate more of the world’s best natural laboratories. Despite international progress in this field, geo-conservation has not found much traction in India. Background: With landscapes that range from the world’s greatest peaks to low-lying coastal plains, India showcases a diverse morphology that has evolved over billions of years. India’s tumultuous geological past is recorded in its rocks and terrains and should be considered as our non-cultural heritage. Geo-heritage Sites: They are specific places with geological importance, holding both natural and cultural value. These features offer valuable insights into the Earth’s history and evolution, as well as contribute to education in Earth sciences. The Geological Survey of India (GSI) is the main organization responsible for identifying and preserving geo-heritage sites and national geological monuments throughout the country. The Mawmluh Cave in Meghalaya was designated as the first Indian Geo-heritage Site by UNESCO in 2001. There are 34 notified National Geological Heritage Monument Sites of India. GSI or the respective State governments are responsible for taking necessary measures to protect these sites. Significance of Geo Heritage Sites in India: They serve as educational hubs for learning about geology and contribute to our understanding of Earth’s history and the processes that have shaped our planet. Preserving these sites is as important as conserving biodiversity and cultural heritage because they offer a unique insight into the geological evolution of our world. These sites provide valuable knowledge about geological phenomena, climate change, and the Earth’s dynamic past, making them essential for scientific research and education. They also help cultivate an appreciation for Earth sciences among people of all ages. They can provide additional benefits such as boosting tourism, driving economic growth, and promoting environmental conservation which makes them invaluable assets for society and for future generations to cherish and learn from. Challenges/Issues faced in Geological Conservation in India: Many fossil-bearing sites have been destroyed in the name of development by real estate growth and destructive stone mining activities. More than 10% of the total area of India is under stone-mining operations. India is a signatory to the ‘First International Symposium on the Conservation of our Geological Heritage’ of UNESCO but has not made any separate legislation or policy for its implementation like that of Thailand and Vietnam. Geo-heritage sites in Canada, China, Spain, the United States, and the United Kingdom have been developed as national parks whereas no such steps have been taken in India. The Geological Survey of India (GSI) has notified 34 geological monuments but it lacks the regulatory powers to implement the preservation measures. Recently, the district administration demolished a part of the cliff in Varkala in Thiruvananthapuram district, Kerala citing landslide hazards. Way Forward: India needs to create an inventory of all prospective geo-sites in the country (in addition to the 34 sites identified by the GSI). India should frame geo-conservation legislation for the country along the lines of the Biological Diversity Act 2002. India should have a ‘National Geo-Conservation Authority’ along the lines of the National Biodiversity Authority, with independent observers, while ensuring that the establishment will not lead to red tape and encroach on the autonomy of researchers and academically-inclined private collectors. Source: Hindu GULF OF ADEN Syllabus Prelims – GEOGRAPHY Context: Houthi rebels targeted a ship in the Gulf of Aden. The ship was off the coast of Aden when a missile impacted the water near it. Background: The Houthi rebels continue to pose a threat in the Gulf of Aden region. The safety of seafarers and vessels remains a concern. About Gulf of Aden The Gulf of Aden is an extension of the Indian Ocean, situated between the Arabian Peninsula and the African continent. It connects the Red Sea to the Arabian Sea and ultimately to the Indian Ocean. The gulf is named after “Aden,” a port city on Yemen’s coast. It spans approximately 900 kilometers in length and 500 kilometers in width, covering roughly 410,000 square kilometers. The Gulf of Aden is bounded by Somalia and the Socotra Islands (part of Yemen) to the south, Yemen to the north, the Arabian Sea to the east, and Djibouti to the west. Notable cities near the gulf include Aden, Mukalla, Ahnwar, Balhaf, Berbera, Bosaso, and Djibouti City. Major ports in the region include Aden (Yemen), Berbera, and Bosaso (both in Somalia). It plays a critical role in the Suez Canal shipping route, connecting the Red Sea and the Mediterranean Sea. Source: AP News GANGA WATER TREATY Syllabus Prelims & Mains – CURRENT EVENT Context: India Prepares for Ganga Water Treaty Renewal with Bangladesh. Background: The Ganga Water Treaty, a crucial agreement between India and Bangladesh, was signed on December 12, 1996, and is due for renewal in 2026. About GANGA WATER TREATY The Ganga Water Sharing Treaty, signed in 1996, governs the sharing of Ganga River waters at the Farakka Barrage in West Bengal between India and Bangladesh. This comprehensive bilateral treaty established a 30-year water-sharing arrangement between the two countries. The treaty is valid until the end of 2026, with a clause allowing renewal every 10 years by mutual consent. It specifically outlines the minimum level of water flow that India must share with its downstream neighbour, Bangladesh, during the dry season—from January to May. The treaty recognizes Bangladesh’s rights as a lower-level riparian and aims to resolve the long-standing dispute over the allocation and development of the Ganges River’s water resources. The Farakka Barrage, built in 1974, plays a crucial role in controlling the flow of the Ganges River and diverting water into the Hooghly River to maintain navigability at Kolkata Port. Ganga River System: It rises in the Gangotri glacier near Gaumukh in Uttarakhand where it is known as Bhagirathi. At Devprayag, the Bhagirathi meets the Alaknanda; hereafter, it is known as the Ganga. The Ganga enters the Northern plains at Haridwar. Ganga flows through the states of Uttarakhand, Uttar Pradesh, Bihar and West Bengal. Yamuna, Son and Damodar are the major right bank tributary and the important left bank tributaries are Ramganga, Gomati, Ghaghara, Gandak, Kosi and Mahananda. Ganga flows into the Bay of Bengal near the Sagar Island. Source: Financial Express LAKE NATRON Syllabus Prelims – GEOGRAPHY Context: Climate change impact is  jeopardising delicate balance of Tanzania’s Lake Natron Background: The lake is the only regular breeding area in East Africa for the 2.5 million lesser flamingoes, whose status of “near threatened” results from their dependence on this one location. About Lake Natron Lake Natron is a salt or alkaline lake located in north Ngorongoro District of Arusha Region in Tanzania at the border with Kenya. It is in the Gregory Rift, which is the eastern branch of the East African Rift. The lake is within the Lake Natron Basin, a Ramsar Site wetland of international significance. Properties This lake is fed principally by the Southern Ewaso Ng’iro River, which rises in central Kenya, and by mineral-rich hot springs. It is quite shallow, less than three metres deep, and varies in width depending on its water level. The lake is a maximum of 57 kilometres long and 22 kilometres wide. High levels of evaporation have left behind natron (sodium carbonate decahydrate) and trona (sodium sesquicarbonate dihydrate). The alkalinity of the lake can reach a pH of greater than 12. The surrounding bedrock is composed of alkaline, sodium-dominated trachyte lavas that were laid down during the Pleistocene period. The lavas have significant amounts of carbonate but very low calcium and magnesium levels. This has allowed the lake to concentrate into a caustic alkaline brine. The chemical properties of the water are known to calcify the bodies of any living thing that died in the lake, turning them to stone before they decompose. The colour of the lake is characteristic of those where very high evaporation rates occur. As water evaporates during the dry season, salinity levels increase to the point that salt-loving microorganisms begin to thrive. Such halophile organisms include some cyanobacteria that make their own food with photosynthesis as plants do. The red accessory photosynthesizing pigment in the cyanobacteria produces the deep reds of the open water of the lake and the orange colours of the shallow parts of the lake. The alkali salt crust on the surface of the lake is also often coloured red or pink by the salt-loving microorganisms that live there. Salt marshes and freshwater wetlands around the edges of the lake do support a variety of plants. Source: Down to Earth Practice MCQs Daily Practice MCQs Q1.) With reference to the Gulf of Aden, consider the following statements: The Gulf of Aden is an extension of the Pacific Ocean. It connects the Red Sea to the Arabian Sea. Which of the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor Q2.) With reference to the Ganga Water Sharing Treaty, consider the following statements: It governs the sharing of Ganga River waters at the Farakka Barrage in West Bengal between India and Bangladesh. It specifically outlines the minimum level of water flow that India must share with its downstream neighbour, Bangladesh, during the dry season. The treaty is valid until the end of 2026, with a clause allowing renewal every 10 years by mutual consent. How many of the statements given above are correct? 1 only 1 and 2 only 2 and 3 only 1,2 and 3 Q3.) “The chemical properties of the water are known to calcify the bodies of any living thing that died in the lake, turning them to stone before they decompose”. Which water body is the sentence referring to? Lake Natron Lake Baikal Lake Tangayika Lake Huron Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  28th  June 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  27th June – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) – c Q.2) – d Q.3) – c

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 28th June 2024

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. Gear up and Make the Best Use of this initiative. Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!” Important Note: Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂 After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions. To take the Test Click Here

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam –27th June 2024

Archives (PRELIMS & MAINS Focus)   DEPUTY SPEAKER Syllabus Prelims – POLITY Context: With the Opposition’s increased strength in Lok Sabha, its members are hoping to get the post of Deputy Speaker. There was no Deputy Speaker for the entire duration of the 17th Lok Sabha (2019-24). Background:- The first four Deputy Speakers, from 1952 to 1969, were from the ruling Congress. The Opposition had the post of Deputy Speaker continuously from 1990 through 2014. Key takeaways According to Article 95(1), the Deputy Speaker performs the duties of the Speaker if the post is vacant. The Deputy Speaker has the same general powers as the Speaker when presiding over the House. All references to the “Speaker” in the Rules are deemed to be references to the Deputy Speaker as well for the times when he or she presides. Both the Speaker and Deputy Speaker must be appointed “as soon as may be”. Article 93 states that “The House of the People shall, as soon as may be, choose two members of the House to be respectively Speaker and Deputy Speaker”. Article 178 contains the corresponding provision for the Speakers and Deputy Speakers in the state Assemblies. Is it mandatory under the Constitution to have a Deputy Speaker? The Constitution does not specify a time frame for making the appointments. It is this gap in the provision that allows governments to delay or avoid appointing a Deputy Speaker. However, constitutional experts have pointed out that both Article 93 and Article 178 use the words “shall” and “as soon as may be” – indicating that not only is the election of the Speaker and Deputy Speaker mandatory, it must be held at the earliest. What are the rules for the election of the Deputy Speaker? The Speaker / Dy Speaker is elected from among the Lok Sabha members by a simple majority of members present and voting The election of the Deputy Speaker usually takes place in the second session, even though there is no bar on having this election in the first session of the new Lok Sabha or Assembly. But the election of Deputy Speaker is generally not delayed beyond the second session unless there are some genuine and unavoidable constraints. In the Lok Sabha, the election of Deputy Speaker is governed by Rule 8 of the Rules of Procedure and Conduct of Business in Lok Sabha.According to Rule 8, the election shall be held on such date as the Speaker may fix. The Deputy Speaker is elected once a motion proposing his or her name is carried. Once elected, the Deputy Speaker usually continues in office until the dissolution of the House. Under Article 94 (and Article 179 for state Assemblies), the Speaker or Deputy Speaker shall vacate his office if he ceases to be a member of the House of the People. They may also resign (to each other), or may be removed from office by a resolution of the House of the People passed by a majority of all the then members of the House. Additional Information: After the first Speaker, G V Mavalankar, died in 1956 before his term ended, Deputy Speaker M Ananthasayanam Ayyangar filled in for the remaining tenure of Lok Sabha from 1956 to 1957. Ayyangar was later elected as Speaker of the second Lok Sabha. Source: Indian Express CHINA’S SAMPLE RETURN LUNAR MISSION Syllabus Prelims & Mains – SCIENCE & TECHNOLOGY Context: China’s Chang’e-6 on Tuesday became the first spacecraft to bring back samples from the far side of the Moon — the part that the Earth never gets to see. Background: India’s Chandrayaan-4 mission, which is currently under development by the Indian Space Research Organisation (ISRO), will also be a sample return mission.Chandrayaan-3 landed about 600 km from the South Pole of the Moon last year. Key Takeaways The lander descended on the Moon’s surface on June 1, and spent two days collecting rocks and soil from one of the oldest and largest of lunar craters — the 2,500 km-wide South Pole-Aitken (SPA) basin — using a robotic arm and drill. The lander then launched an ascent module that transferred the samples to the Chang’e-6 orbiter that was orbiting the Moon. On June 21, the orbiter released a service module thatbrought back the samples to Earth. Is this the first time a spacecraft has brought lunar samples to Earth? Back in July 1969, the US Apollo 11 mission brought 22 kg of lunar surface material, including 50 rocks, to Earth. In September 1970, the Soviet Luna 16 mission — the first robotic sample return mission — too, brought pieces of the Moon to Earth. In recent years, Chang’e-5, the predecessor of Chang’e-6, brought back 2 kg of lunar soil in December 2020. All these samples, however, came from the near side of the Moon. Difficult terrain, giant craters, and the difficulty in communicating with ground control made it technically challenging to land a spacecraft on the side that never faces the Earth. The Moon is tidally locked with Earth; thus we see only one side of our nearest space neighbour. Chang’e-4 overcame these difficulties in 2019, putting the Yutu-2 rover on the far lunar surface. Now, Chang’e-6 has not only landed on the far side, but also returned with samples from there. Why are sample return missions significant in the first place? A sample return missionsuch as Chang’e-6 aims to collect and return samples from an extraterrestrial location like the Moon or Mars to Earth for analysis. The sample can be rocks or soil — or even some molecules. In situ robotic explorations — in which landers, orbiters, and rovers carry out experiments in space or on heavenly bodies — can carry only miniature instruments that are not very sophisticated or accurate, and answer only certain types of questions. For instance, they can’t determine the origin or age of a rock. If the samples can be brought to Earth, on the other hand, scientists can examine them using extremely sensitive laboratory instruments. Also, returned samples can be preserved for decades, and can be examined by future generations using ever more advanced technology. India’s Chandrayaan-4 mission, which is currently under development by the Indian Space Research Organisation (ISRO), will also be a sample return mission.Chandrayaan-3 landed about 600 km from the South Pole of the Moon last year. Source: Indian Express EUROPEAN UNION’S NEW NATURE RESTORATION PLAN Syllabus Prelims & Mains – ENVIRONMENT Context: The European Union (EU) on June 17 approved its ambitious Nature Restoration Plan which aims to make continent-wide efforts to restore degraded ecosystems. Background: It is a crucial part of the bloc’s 2030 biodiversity strategy which, in turn, forms a core area of the European Green Deal. The European Green Deal is a package of policy initiatives, which aims to set the EU on the path to a green transition, with the ultimate goal of reaching climate neutrality by 2050. Key Takeaways The new law aims to restore ecosystems, including species and habitats that exist on EU’s land and in seas to: enable the long-term and sustained recovery of biodiverse and resilient nature, contribute to achieving the EU’s climate mitigation and climate adaptation objectives, and meet international commitments. According to the European Commission, 81% of habitats in the EU currently have a “poor” status, and one in three bee and butterfly species are in decline. What are the targets to be met under the new law? The primary target of the new legislation is long-term recovery of ecosystems. The measures should ideally cover at least 20% of the EU’s land and sea areas by 2030, and all ecosystems in need of restoration by 2050. Priority should be given to areas under the Natura 2000 – a network of 27,000 natural sites protected by EU legislation. The Restoration Law also has specific targets based on existing legislations, for urban, forest, marine, and agricultural ecosystems, for pollinating insects, and those related to river connectivity. Some of these are: Reversing the decline of pollinator population by 2030 No net loss of green urban space and tree cover by 2030, and an increase in their area thereafter Increasing stock of organic carbon Restoring drained peatlands under agricultural use Restoring the habitats of iconic marine species such as dolphins and porpoises, sharks and seabirds Restoring at least 25,000 km of rivers to a free-flowing state by 2030 How will the law be implemented? Countries in the EU bloc are expected to submit National Restoration Plans to the Commission within two years – by mid-2026 – specifying their plans to achieve the targets. Monitoring and reporting progress on these targets will be under the purview of the countries themselves. The European Environment Agency will prepare technical reports on this progress. Source: Hindu COTTON CULTIVATION IN INDIA Syllabus Prelims & Mains – GEOGRAPHY Context: According to the Ministry of Textiles, cotton consumption by the textile industry during the current marketing season (October 2023 to September 2024) is one of the highest this decade. Background: This year is expected to be the second highest in terms of consumption over the last ten years, with an estimated demand of 307 lakh bales, including 103 lakh bales from the MSME textile units. Key Takeaways: India is believed to be the original home of the cotton plant. Although a significant portion of cotton-growing areas was lost to Pakistan during partition, India’s acreage has increased considerably over the last 50 years. Cotton occupies about 4.7% of the total cropped area in the country. Cotton is a tropical or sub-tropical crop primarily grown in semi-arid regions, especially on the Deccan Plateau. Cotton is a Kharif crop, taking 6 to 8 months to mature. It requires at least 210 frost-free days and prefers light rainfall (50 to 100 centimeters). Bright sunshine during growth and a clear sky during flowering are essential. Ideal soil for cotton cultivation is well-drained and capable of retaining moisture. Black cotton soil is preferred. Cotton-Producing States: India has three major cotton-growing regions: North-West: Includes parts of Punjab, Haryana, and northern Rajasthan. West: Gujarat and Maharashtra. South: Plateaus of Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. Leading cotton producers are Gujarat, Maharashtra, and Telangana. Other significant states include Madhya Pradesh, Karnataka, Andhra Pradesh, Tamil Nadu, Punjab, Haryana, and Uttar Pradesh. Source: Regulation Asia INFLATION Syllabus Prelims & Mains – ECONOMY Context: Reserve Bank of India (RBI) Governor Shaktikanta Das has recently emphasized the importance of managing inflation effectively. Background: The central bank has been mandated by the government to keep inflation at 4% with a margin of 2% on either side. About Inflation Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. It erodes the purchasing power of money and affects the standard of living. Causes of Inflation: Demand-Pull Inflation: Occurs when aggregate demand exceeds aggregate supply, leading to rising prices. Cost-Push Inflation: Arises due to increased production costs (e.g., higher wages, raw material costs). Built-In Inflation: A self-perpetuating cycle where expectations of future inflation lead to higher wages and prices. Effects of Inflation: Positive Effects: Debt relief for borrowers (as money becomes less valuable). Encourages spending and investment. Negative Effects: Reduced purchasing power for fixed-income earners. Uncertainty and instability in the economy. Measuring Inflation: Consumer Price Index (CPI): The CPI measures changes in the cost of a basket of goods and services consumed by households. CPI includes various categories such as food, energy, commodities (like cars and clothes), and services (e.g., rent, healthcare). Each category has a relative importance based on its share of total expenditures. Wholesale Price Index (WPI): The WPI reflects changes in wholesale prices of goods at the producer level. WPI helps understand cost pressures in production and supply chains. Unlike CPI, WPI does not directly represent consumer prices. Controlling Inflation: Monetary Policy: Interest Rates: The RBI adjusts policy interest rates (like the repo rate) to influence borrowing costs. Higher rates can reduce demand and curb inflation. Open Market Operations (OMOs): The RBI buys or sells government securities to manage liquidity and influence interest rates. Cash Reserve Ratio (CRR): The CRR determines the portion of deposits banks must keep with the RBI. Adjusting it affects liquidity and lending capacity. Fiscal Policy: The government can control inflation through fiscal measures such as Taxation: Adjusting taxes affects disposable income and spending. Government Spending: Managing public expenditure impacts demand. Supply-Side Measures: Agricultural Reforms: Enhancing productivity and reducing supply bottlenecks in agriculture can stabilize food prices. Infrastructure Development: Improving infrastructure reduces production costs. Trade Policies: Facilitating imports can ease supply constraints. Inflation Targeting Framework: The Central Government, in consultation with the RBI, determines the inflation target in terms of the Consumer Price Index (CPI), once in five years and notifies it in the Official Gazette. The MPC determines the policy repo rate required to achieve the inflation target. Source: Hindustan Times EXTERNAL DEBT TO GDP RATIO Syllabus Prelims & Mains – ECONOMY Context: The external debt to GDP ratio declined to 18.7% at the end of March 2024 from 19.0% at the end of March 2023. Background: India’s external debt reached $663.8 billion by the end of March 2024, marking a 6% increase (approximately $39.7 billion) compared to March 2023. About Innovation for Defence Excellence (iDEX) The external debt-to-GDP ratio is a crucial economic metric that compares a country’s external debt to its gross domestic product (GDP). External Debt: External debt refers to the total amount of money a country owes to external creditors, including foreign governments, international organizations, and private entities outside the country. It includes both short-term and long-term debt obligations. External debt is a type of public debt. Public debt refers to the total amount of money that a government owes to external creditors and domestic lenders. Gross Domestic Product (GDP): GDP represents the total value of all goods and services produced within a country’s borders during a specific period (usually a year). It reflects the economic output and productivity of a nation. Calculation of External Debt-to-GDP Ratio: The external debt-to-GDP ratio is calculated by dividing the total external debt by the country’s gross domestic product (GDP). This ratio helps assess a nation’s financial stability and its ability to manage debt obligations. A low external debt-to-GDP ratio indicates that an economy produces sufficient goods and services to repay its debts without accumulating further debt. Conversely, a high ratio suggests challenges in paying off external debts, potentially leading to higher interest rates for borrowing. Significance: When a country’s debt-to-GDP ratio climbs, its risk of default increases, potentially causing financial panic in domestic and international markets. Governments aim to lower this ratio, but during periods of unrest (e.g., wartime or recession), borrowing may increase to stimulate growth. Source: Reserve Bank of India Practice MCQs Daily Practice MCQs Q1.) With reference to the external debt to GDP ratio, consider the following statements: The external debt-to-GDP ratio is calculated by dividing the total external debt by the country’s gross domestic product (GDP). This ratio helps assess a nation’s financial stability and its ability to manage debt obligations. A low external debt-to-GDP ratio indicates that an economy produces sufficient goods and services to repay its debts without accumulating further debt. How many of the statements given above are correct? Only one Only two All three None Q2.) With reference to the Inflation, consider the following statements: Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. It erodes the purchasing power of money and affects the standard of living. A moderate level of inflation is good for economy Which of the statements given above is/are correct? 1 only 1 and 2 only 2 and 3 only 1,2 and 3 Q3.) Consider the following states: Gujarat Maharashtra Telangana Kerala How many of the above-mentioned states are the leading cotton producers in India? Only one Only two Only three All four Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  27th June 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  26th June – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) – b Q.2) – c Q.3) – c

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 27th June 2024

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. Gear up and Make the Best Use of this initiative. Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!” Important Note: Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂 After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions. To take the Test Click Here

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 26th June 2024

Archives (PRELIMS & MAINS Focus)   SRINAGAR GETS TAG OF WORLD CRAFT CITY Syllabus Prelims – CURRENT EVENT Context: Srinagar has become the fourth Indian city to be recognised as a ‘World Craft City’ by the World Craft Council (WCC), three years after it was designated as part of the UNESCO Creative City Network (UCCN) for crafts and folk arts. Background:- Jaipur, Malappuram and Mysore are the other Indian cities that have previously been recognised as World Craft Cities. Key takeaways The World Craft City (WCC) initiative, launched in 2014 by the World Crafts Council AISBL (WCC-International), recognizes the vital role played by local authorities, craftspeople, and communities in cultural, economic, and social development worldwide. The WCC-World Craft City Programme establishes a dynamic network of craft cities across the globe, aligning with the principles of the creative economy. This initiative responds to the increasing acknowledgment of the valuable contributions made by local entities to the multifaceted dimensions of development. Key objectives of the WCC-World Craft City Programme: Global Recognition Showcase the reputation and assets of creative cities/regions specializing in specific craft disciplines, raw materials, articles, or a variety of crafts on a global platform. Government Advocacy Encourage governmental support and future commitments for the development of crafts in designated cities/regions. Local Innovation Strengthen local potential for innovation and foster the development of creative tourism. Knowledge Exchange Promote the exchange of know-how, experiences, and best practices in various craft fields at the national, regional, and international levels. Collaborative Opportunities Create new opportunities for cooperation and partnerships between designated craft cities. Source: World Crafts Council ENEMY AGENTS ORDINANCE Syllabus Prelims & Mains – Polity Context: Jammu and Kashmir Director General of Police (DGP) R R Swain said recently that those found assisting militants in J&K should be tried by investigating agencies under the Enemy Agents Ordinance, 2005. Background: The law is more stringent than the Unlawful Activities (Prevention) Act (UAPA) and has the punishment of either a life term or a death sentence. About J&K Enemy Agents Ordinance The J&K Enemy Agents Ordinance was first issued in 1917 by the then Dogra Maharaja of J&K. It is referred to as an ‘ordinance’ since laws made during the Dogra rule were called ordinances. According to the ordinance, “whosoever is an enemy agent or, with an intent to aid the enemy, conspires with any other person to any act which is designed or likely to give assistance to the enemy or to impede the military or air operations of Indian forces or to endanger life or is guilty of incendiarism shall be punishable with death or rigorous imprisonment for life or with rigorous imprisonment for a term which may extend to 10 years and shall also be liable to fine”. After Partition in 1947, the ordinance was incorporated as a law in the erstwhile state and was also amended. In 2019, when Article 370 of the Constitution was repealed, J&K’s legal framework also underwent several changes. TheJammu and Kashmir Reorganisation Act was passed, which listed out state laws that were to continue while several others were repealed and replaced with Indian laws. While the security laws such as Enemy Agents Ordinance and Public Safety Act remained; the Ranbir Penal Code was replaced with the Indian Penal Code. Other laws including The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 or Forest Act, and The Scheduled Caste and the Scheduled Tribes (Prevention of Atrocities) Act, 1989 were extended to J&K as well. The trial under the Enemy Agents Ordinance is conducted by a special judge who is appointed by the “government in consultation with the High Court”. Under the ordinance, the accused cannot engage a lawyer to defend herself unless permitted by the court. There is no provision for appeal against the verdict, and the decision of the special judge can only be reviewed “by a person chosen by the Government from the judges of the High Court and the decision of that person shall be final”. The ordinance also bars any disclosure or publication of the case tried under it. Source: Indian Express 4-DAY LONG AMBUBACHI MELA AT KAMAKHYA TEMPLE ENDS Syllabus Prelims – CURRENT EVENT Context: As today is June 26th, the annual Ambubachi Mela at Kamakhya Temple, atop Nilachal hills in Assam’s Guwahati, which commenced on Saturday, will conclude with the temple doors opening for darshan after a ritualistic bath and daily puja, following a four-day cessation of worship. Background: During the period of Ambubachi from the seventh to the tenth day of the Hindu month of “Asadha”, the doors of the shrine are closed to all as it is believed that Goddess Kamakhya goes through the annual cycle of menstruation. On the twelfth day, the doors are opened ceremonially and a big fair held at the temple premises on that day. Key Takeaways The Ambubachi Mela is an annual mela (gathering) held at Kamakhya Temple in Guwahati, Assam. This yearly mela is celebrated during the monsoon season that happens to fall during the Assamese month Ahaar, around the middle of June when the sun transits to the zodiac of Mithuna, when the Brahmaputra River is in spate. During this time Brahmaputra River near the temple turns Red for three days. Ambubachi Mela is the celebration of the yearly menstruation course of goddess Kamakhya. It is believed that the presiding goddess of the temple, Devi Kamakhya, the Mother Shakti, goes through her annual cycle of menstruation during this time stretch. “Ambubachi” means spoken with water and it also implies that the rains expected during this month make the earth fertile and ready for procreation. Daily worship is suspended during this period. All agricultural work like digging, ploughing, sowing, and transplanting of crops are forbidden. Widows, Brahmacharis and Brahmins avoid cooked food during these days. On the fourth day, Ambubachi being over, household items, utensils and clothes are washed, cleaned and purified by sprinkling sacred waters, worship of Goddess Kamakhya begins after cleansing and other rituals are performed. Entry to the Shrine is considered to be auspicious after this. The concept of Ambubachi thus has in its origin, formative influences and elements of agricultural, social and religious ideas that have contributed to the emergence of the phenomenon. It is thus symbolic, supported by religious sanction. This mela is also known as Ameti or Tantric fertility festival since it is closely associated with Tantric Shakti cult prevalent in eastern parts of India. Even some Tantric Babas make their public appearances only during these four days. The rest of the year, they remain in seclusion. Source: Livemint PRIORITY SECTOR LENDING (PSL) Syllabus Prelims & Mains – ECONOMY Context: Reserve Bank of India (RBI) revises Priority Sector Lending (PSL) norms. Background: The Reserve Bank of India (RBI) periodically revises its guidelines for Priority Sector Lending (PSL) to promote financial inclusion and address emerging challenges. Key Takeaways: Priority Sector refers to those sectors which the Government of India and the Reserve Bank of India consider as important for the development of the basic needs of the country. The banks are mandated to encourage the growth of such sectors with adequate and timely credit. Priority Sector Lending (PSL) is an important policy tool in India aimed at ensuring that adequate credit is available to vital sectors of the economy that may not get timely and adequate credit in the absence of this special dispensation. Priority Sector Lending was formalised in 1972 to facilitate the flow of credit to such sectors, which though creditworthy, cannot access credit from formal financial institutions. This initiative is designed to promote inclusive growth by directing a portion of the lending by banks to specified sectors. Some categories of priority sector are: Agriculture, Micro Small and Medium Enterprises, Export Credit, Education, Housing, Social Infrastructure, Renewable Energy, Others. Banks who have not achieved their PSL targets can achieve their PSL targets by purchasing Priority Sector Lending Certificates (PSLCs). This mechanism allows banks that have surpassed their PSL targets to sell their excess lending to other banks that have not met their targets. Monitoring and Reporting: Banks are required to submit quarterly and annual reports on their Priority Sector Lending performance to the RBI. The RBI monitors and ensures compliance with PSL guidelines, and non-compliance can attract penalties. Source: Regulation Asia LEADER OF OPPOSITION Syllabus Prelims – POLITY Context: Rahul Gandhi has been named the Leader of the Opposition in Lok Sabha, party general secretary KC Venugopal announced after a meeting of floor leaders of opposition parties. Background: In the Indian parliamentary system, the Leader of the Opposition holds a crucial role. Renaming State In each House of Parliament, there is the ‘Leader of Opposition’. The leader of the largest Opposition party having not less than one-tenth seats of the total strength of the House is recognised as the leader of the Opposition in that House. In a parliamentary system of government, the leader of the opposition has a significant role to play. Main functions of the Leader of the Opposition are to provide a constructive criticism of the policies of the government and to provide an alternative government. It was in 1969 that an official leader of the opposition was recognised for the first time. The leader of Opposition in the Lok Sabha and the Rajya Sabha were accorded statutory recognition in 1977 through “The salary and allowance of Leader of opposition act, 1977”. The Act defines the term ‘ Leader of the Opposition’ as that member of the Lok Sabha or the Rajya Sabha who, for the time being, is the Leader of that House of the party in Opposition to the government having the greatest numerical strength and recognised, as such, by the chairman of the Rajya Sabha or the speaker of the Lok Sabha. They are also entitled to the salary, allowances and other facilities equivalent to that of a cabinet minister. Source: Hindustan Times INNOVATIONS FOR DEFENCE EXCELLENCE (IDEX) Syllabus Prelims – CURRENT EVENT Context: Defence Ministry signs 350th contract under Innovations for Defence Excellence (iDEX) for miniaturised satellite. Background: The contract was inked with SpacePixxel Technologies Pvt Ltd for design and development of a miniaturised satellite capable of carrying electro-optical, infrared, synthetic aperture radar and hyperspectral payloads up to 150 kg. About Innovation for Defence Excellence (iDEX) The iDEX initiative was launched by the Hon’ble PM in April 2018. Innovation for Defence Excellence (iDEX) is an ecosystem initiated by the Ministry of Defence to foster innovation and technology development in the defence and aerospace sectors by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes & academia. iDEX is funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per Section 8 of the Companies Act 2013 for this purpose, by the two founder members i.e. Defence Public Sector Undertakings (DPSUs) – HAL & BEL. iDEX will function as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX. Objectives of iDEX: FACILITATE Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector, to meet needs for these sectors in shorter timelines CREATE Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors EMPOWER Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors. Funding and Support: iDEX provides grants (up to ₹1.50 crore, or up to ₹10 crore for iDEX Prime) through the Support for Prototype and Research Kickstart (SPARK) Framework. These grants fund projects in technological areas identified through the Defence India Startup Challenges (DISC) and open challenges. iDEX follows steps such as challenge curation, outreach, screening, selection, and grant appraisal to catalyze open innovation and deliver defense-grade products. Source: Hindu Practice MCQs Daily Practice MCQs Q1.) With reference to the Innovation for Defence Excellence (iDEX), consider the following statements: iDEX is an ecosystem initiated by the Ministry of Home Affairs. iDEX aims to deliver technologically advanced solutions for modernizing the Indian Military by engaging innovators, entrepreneurs, and industries. Which of the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Q2.) With reference to the Leader of the Opposition, consider the following statements: Leader of opposition is not a constitutional post. The opposition leader must come from a party that commands at least 10 percent of the lawmakers in the lower house. Which of the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Q3.) With reference to the Priority Sector Lending (PSL), consider the following statements: Priority Sector Lending (PSL) is aimed at ensuring the availability of adequate credit to vital sectors of the economy Banks can meet their PSL targets by purchasing Priority Sector Lending Certificates (PSLCs). The RBI monitors and ensures compliance with PSL guidelines, and non-compliance can attract penalties. How many of the statements given above are correct? Only one Only two All three None Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  26th June 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  25th June – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) – b Q.2) – c Q.3) – b

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 26th June 2024

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. Gear up and Make the Best Use of this initiative. Do remember that, “the difference between Ordinary and EXTRA-Ordinary is PRACTICE!!” Important Note: Don’t forget to post your marks in the comment section. Also, let us know if you enjoyed today’s test 🙂 After completing the 5 questions, click on ‘View Questions’ to check your score, time taken, and solutions. To take the Test Click Here

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam –25th June 2024

Archives (PRELIMS & MAINS Focus)   AMID SETBACKS, FIRST SIGNS OF PROGRESS IN LITHIUM MINING IN CHHATTISGARH Syllabus Prelims & Mains – SCIENCE, CURRENT EVENT Context: Exploration of lithium in Chhattisgarh’s Korba district has moved a step further with one block advancing to the second round of auctions and promising deposits now being found in the initial exploration of another block, according to latest information available with the Union Mines Ministry. Background:- The reassuring signs from Korba come after a series of roadblocks in the endeavour to develop India’s first lithium mine including the cancellation of auction of a lithium block in Jammu and Kashmir’s Reasi district due to insufficient investor interest, shelving of exploration plans in Manipur’s Kamjong district due to “local resistance”, and “not encouraging” results from exploration in Ladakh and Assam. Key takeaways In Korba, just south of the lithium block currently under auction, a private exploration company funded by the National Mineral Exploration Trust (NMET) has found hard rock lithium deposits ranging from 168 to 295 parts per million (ppm). Further exploration could pin down the reserves estimate to a large number. Since November, the mines ministry has put 38 blocks of critical minerals up for auction, including two lithium blocks — one in J&K’s Reasi district and another in Chhattisgarh’s Korba district. Of the two lithium blocks, only the Korba block garnered enough investor interest for the auction process to continue, while the Reasi block had to be annulled and was reoffered in a fresh tranche of auction in March. Preliminary surveys in Korba found lithium concentrations in bedrock samples ranging from 10 to 2,000 ppm, whereas exploration in Reasi showed lithium deposits exceeding 200 ppm. According to mining sector experts, the potentially lower concentration of lithium in the J&K block, coupled with the need for expensive mineral extraction infrastructure, could explain the weak investor interest. Lithium concentration alone does not determine extraction viability. Lithium found in hard rock granites and pegmatites, like in India, is significantly harder to extract. Additional Information: Lithium is a soft, silvery-white alkali metal, which is a vital ingredient of rechargeable lithium-ion batteries that power electric vehicles, laptops, and mobile phones. With lithium demand having grown significantly over the past few years and set to rise further going forward, there is a global rush for mining the critical mineral. India currently imports all the lithium it needs. Khanij Bidesh India Limited (KABIL), a joint venture of three public sector companies under the Mines Ministry, secured rights to explore, develop, and extract lithium across five blocks in Argentina’s Catamarca province earlier this year. Source: Indian Express ESTONIA Syllabus Prelims & Mains – GEOGRAPHY Context: Estonia, one of the world’s most advanced digital countries, is looking to partner with India to collaborate on strengthening the two countries’ cybersecurity infrastructure. Background: Estonia, courtesy its vicinity to Russia, faces a barrage of cyberattacks from the country, more so because of the former’s stance on the war between Russia and Ukraine. About ESTONIA Estonia, officially theRepublic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by theGulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, and to the east by Lake Peipus and The territory of Estonia consists of themainland, the larger islands of Saaremaa and Hiiumaa, and over 2,300 other islands and islets on the eastern coast of the Baltic Sea. Tallinn, thecapital city, and Tartu are the two largest urban areas of the country. Estonia wasrepeatedly contested, invaded, and occupied; by the Soviet Union in 1940, then by Nazi Germany in 1941, and was ultimately reoccupied in 1944 by, and annexed into, the USSR as an administrative subunit (Estonian SSR). Following the 1988–1990 bloodless Estonian “Singing Revolution” against the Soviet rule, the nation’s full independence was restored on20 August 1991. Estonia is adeveloped country, with a high-income advanced economy, ranking 31st (out of 191) in the Human Development Index. Thesovereign state of Estonia is a democratic unitary parliamentary republic, administratively subdivided into 15 maakond (counties). With a population of just around 1.4 million, it is one of the least populous members of theEuropean Union, the Eurozone, the OECD, the Schengen Area, and Estonia has consistently ranked highly in international rankings forquality of life, education, press freedom, digitalisation of public services and the prevalence of technology companies. Need for strengthening the two countries’ cybersecurity infrastructure: Estonia faced one of the largest cyberattacks on its digital infrastructure in 2007 by means of a distributed denial of service (DDoD) attack. Since the war between Russia and Ukraine, the country has experienced similar threats from Russian actors. India have previously said that New Delhi faces much of a similar challenge from Beijing, where a group of independent, and state-backed actors have increased attacks on critical infrastructure in New Delhi. The ties between Estonia and India are increasingly growing. An Indian contingent was, for the first time, observers in anNATO-run cyber security exercise in Estonia last month. The exercise was the largest of its kind in Europe. Source: PIB INDIA-BANGLADESH BILATERAL RELATIONS Syllabus Mains – GS 2 Context: Delhi hosted Bangladeshi Prime Minister Sheikh Hasina over the weekend for the first state visit by a foreign leader during PM Modi’s third term. Background: Hasina was in Delhi barely two weeks earlier for the swearing-in of Modi and that the two PMs have met 10 times over the past year underlines the intensity of the engagement. Key Takeaways The two countries have promised to focus on the unfinished agenda of connectivity that includes the easing of visa procedures, freer movement of goods, cross-border energy and electricity flows, and the building of digital bridges. Bangladesh has emerged as one of India’s most important trade partners. Delhi and Dhaka now propose to commence the long overdue negotiations on a Comprehensive Economic Partnership Agreement (CEPA). Free trade across India’s longest frontier to the second-largest economy in the Subcontinent is an urgent regional imperative amidst the breakdown of the global trading order. As one of the world’s fast-growing economies, Bangladesh is a natural partner for India in rearranging of the South Asian regional economic order. Hasina and Modi have also outlined the ambition to modernise the bilateral defence relationship that has fallen behind the pillars of commerce and connectivity. This would involve wide-ranging collaboration between the armed forces of the two countries, defence industrial partnership, and Delhi’s support for the modernisation of Dhaka’s armed forces. A substantive bilateral defence partnership will contribute to maintaining stability in the wider Indo-Pacific region through collaboration on disaster mitigation and building resilient infrastructure. Expanded regional and international collaboration between Delhi and Dhaka will also help promote the Global South’s collective interests. Source: Indian Express NORD STREAM PIPELINES Syllabus Prelims – GEOGRAPHY Context: According to a new study by researchers from the University of Gothenburg, a significant portion of the methane gas released from the ruptured Nord Stream pipelines in the Baltic Sea last September never made it into the atmosphere. Background: The Nord Stream pipelines in the Baltic Sea have been a topic of concern due to their environmental impact. Key Takeaways: Nord Stream is a network of offshore natural gas pipelines that run under the Baltic Sea from Russia to Germany, providing Western Europe with natural gas. It comprises two separate projects: Nord Stream 1 (NS1): This pipeline runs from Vyborg in northwestern Russia near Finland and entered service in 2011. It is operated by Nord Stream AG. NS1 was the first pipeline to bypass Ukraine and Poland, delivering Russian natural gas directly to Western Europe. Nord Stream 2 (NS2): NS2 runs from Ust-Luga in northwestern Russia near Estonia. Although completed in 2021, it did not enter service due to Germany withholding opening permission. This decision was made after Russia recognized the Ukrainian separatist regions of Donetsk and Luhansk as independent. The United States opposed NS2, citing concerns about German dependence on Russian energy, and imposed sanctions on companies involved in the project. Significance: For Europe: Nord Stream provides a reliable and cost-effective natural gas source, crucial for many European countries. Reducing gas supply from Russia could impact domestic gas prices. For Russia: Around 40% of Russia’s budget comes from gas and oil sales. Nord Stream also enhances Russia’s influence over Europe’s energy markets. Source: Science Daily RENAMING OF STATE Syllabus Prelims – POLITY Context: The Kerala Legislative Assembly has unanimously adopted a resolution urging the Centre to officially change the state’s name to ‘Keralam’. Background: Chief Minister Pinarayi Vijayan reasoned that the state’s name is ‘Keralam’ in Malayalam. The Assembly requests the Centre to amend the state’s name under Article 3 of the Constitution and have it changed to ‘Keralam’ in all the languages mentioned in the Eighth Schedule of the Constitution. Renaming State The renaming of a state can be initiated either by the Parliament or the State Legislature. The renaming of a state requires Parliamentary approval under Article 3 and 4 of the Indian Constitution. Parliament Initiation: A bill for renaming a state may be introduced in the Parliament on the recommendation of the President. Before introducing the bill, the President sends it to the respective State Assembly for their views within a stipulated time. The views of the state assembly are not binding on either the President or the Parliament. After the stipulated period, the bill is deliberated in Parliament and must be passed by a simple majority to become law. The bill then receives Presidential approval, and the state’s name stands modified. State Initiation: If a fresh proposal comes from a state, the Home Ministry prepares a note for the Union Cabinet.Central Government will create a bill. The bill is sent to state assembly for taking views following which it is introduced in Parliament.It needs approval by a simple majority. Once approved, the President gives assent, and the state’s name is officially changed. Source: NDTV TEESTA RIVER Syllabus Prelims & Mains – GEOGRAPHY Context: West Bengal Chief Minister Mamata Banerjee expressed strong objections to Indian Prime Minister Narendra Modi regarding the ongoing Teesta and Farakka river talks with Bangladesh. Background: During Prime Minister Sheikh Hasina’s recent visit to India, both nations agreed to collaborate on conserving the Teesta River and renewing the Farakka water-sharing treaty, set to expire in 2026. About Teesta: The Teesta River originates from the Pahunri glacier in Sikkim, India. It flows southward through the Sikkim Himalayas, passing by the town of Rangpo. Teesta is a glacier-fed river, much like other major Himalayan rivers in India, including the Ganga. Course After Sikkim, the river enters West Bengal, where it continues its journey. Eventually, it crosses the border into Bangladesh and empties into the Bay of Bengal. Tributaries: Left-bank Tributaries: Lachung Chhu, Chakung Chhu, Dik Chhu, Rani Khola, Rangpo Chhu. Right-bank Tributaries: Zemu Chhu, Rangyong Chhu, Rangeeth River. Water Conflict: The Teesta River water conflict remains a contentious issue between India and Bangladesh. Both countries seek equitable sharing of the river’s waters, but challenges persist. The Teesta Barrage dam plays a role in providing irrigation for the plains between the upper Padma and the Jamuna rivers. Significance: The Teesta is the largest river in Sikkim and the second largest in West Bengal, following the Ganges. In Bangladesh, it merges with the Brahmaputra, which eventually flows into the Bay of Bengal. Source: Hindu Practice MCQs Daily Practice MCQs Q1.) With reference to river Teesta, consider the following statements: The Teesta River originates from the Pahunri glacier in Sikkim. It flows through the Assam and West Bengal. It merges with the Brahmaputra in Bangladesh. How many of the statements given above are correct? Only one Only two All three None Q2.) With reference to the renaming of a state, consider the following statements: The renaming of a state can be initiated only by the State Legislature. Before introducing the bill, the President sends it to the respective State Assembly for their views within a stipulated time. The views of the state assembly are not binding on either the President or the Parliament. The bill must be passed by a simple majority to become law. How many of the statements given above are correct? Only one Only two Only three All four Q3.) With reference to the Nord Stream pipelines, consider the following statements: Nord Stream is a network of offshore natural gas pipelines. It provides a reliable and cost-effective natural gas source for European countries. It run under the Black Sea from Russia to Germany. How many of the statements given above are correct? Only one Only two All three None Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  25th June 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  22nd June – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) – d Q.2) – c Q.3) – c