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Daily Prelims CA Quiz

UPSC Quiz – 2021 : IASbaba’s Daily Current Affairs Quiz 3rd JULY 2021

For Previous Daily Quiz (ARCHIVES) - CLICK HERE 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

SYNOPSIS [2nd JULY,2021] Day 125: IASbaba’s TLP (Phase 1): UPSC Mains Answer Writing (General Studies)

For Previous TLP (ARCHIVES) - CLICK HERE   SYNOPSIS [2nd JULY,2021] Day 125: IASbaba’s TLP (Phase 1): UPSC Mains Answer Writing (General Studies)   1. What is Artificial Intelligence (AI)? Who are currently the big players in the field of AI? How big is the potential of AI? Discuss.  Approach  Define in introduction what is artificial intelligence.In next part mention some big players and what are their works in this field.In last part discuss what are the potential of AI in various sectors. Introduction: Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving. Body Big Players in Artificial intelligence  Amazon: Trade giant Amazon has invested in both the consumer-oriented side of AI and in applications for companies and their processes. Alexa, the company’s AI language assistant, integrated into its echo speaker series, is well-known worldwide. However, Amazon Web Services (AWS), a set of machine learning programs and pre-trained AI services for businesses, hasn’t yet done so much. AWS currently has more than 10,000 customers, including Siemens, Netflix, Tinder, NFL, and NASA. Apple: Apple has been busy acquiring AI start-ups in recent years and sees Artificial Intelligence as a critical part of its future. In December 2018, the company officially appointed John Giannandrea as head of the AI and Machine Learning department after Google poached the Scottish computer scientist.  DJI: The first Chinese company on the list, DJI, is still officially a start-up but has already been valued at 15 billion dollars. The company has a market share of more than 70 percent in the global drone market and is increasingly entering the AI market. The latest drones use AI and image recognition to avoid objects. Soon, an entry into autonomous vehicles and robotics can be expected. DJI has recently entered into a partnership with Microsoft for a drone-to-computer streaming project. Facebook: Artificial intelligence will be enormously powerful in the future. So it’s no surprise that Facebook is investing in AI. Facebook’s AI research group, known as FAIR, says it is committed to advancing the field of machine intelligence and developing new technologies to provide people with better ways to communicate. Mark Zuckerberg and Co. worked on a negotiation platform with two AIs called Alice and Bob, among other things, but ended the project after the couple began communicating in their secret language. Google: Perhaps the largest and most important AI company on this list is also the most obvious. Google has acquired AI start-ups as if there were going to be no more soon. Over the past four years, Mountain View has created no fewer than twelve new artificial intelligence companies. The most important purchase was the $400 million deal for DeepMind, the board game playing Go champion. HiSilicon: When Huawei CEO Richard Yu unveiled the Kirin 980 at IFA 2018 in Berlin, the competition was very keen. HiSilicon, Huawei’s chip manufacturer, has significantly enhanced the second generation of the world’s first AI smartphone chip. The Kirin 980 can do things like face recognition, object recognition, image segmentation, and intelligent translation at high speed. The chip has sparked a flood of AI smartphone chips, and if a company is going to develop the technology further in the next few years, it probably will. IBM: The multinational technology company IBM has been active in AI since the 1950s. The company was involved in the birth of artificial intelligence and is still firmly committed today. With Watson, IBM has created a machine learning platform that can integrate AI into business processes, such as building a chatbot for customer support. Customers include Big Four Auditor, KPMG and Bradesco, one of Brazil’s largest banks. Intel : Intel has also been on a shopping spree when it comes to artificial intelligence companies and has acquired both Nervana and Movidius as well as a selection of smaller AI start-ups. Nervana enables companies to develop specific deep learning software, while Movidius was founded to bring AI applications to devices with deficient performance. Intel is also working with Microsoft to provide AI acceleration for the Bing search engine. Microsoft: Like Amazon, Microsoft is involved in Artificial Intelligence on both the consumer and business sides. Cortana, Microsoft’s AI digital assistant, is in direct competition with Alexa, Siri, and Google Assistant. Artificial Intelligence features are a large part of the company’s Azure Cloud service, which provides chatbots and machine learning services to some of the biggest names in the business. Microsoft also purchased five AI companies in 2018 alone. Potential applications of Artificial intelligence Online shopping and advertising – Artificial intelligence is widely used to provide personalised recommendations to people, based for example on their previous searches and purchases or other online behaviour. AI is hugely important in commerce: optimising products, planning inventory, logistics etc. Web search – Search engines learn from the vast input of data, provided by their users to provide relevant search results. Digital personal assistants – Smartphones use AI to provide services that are as relevant and personalised as possible. Virtual assistants answering questions, providing recommendations and helping organise daily routines have become ubiquitous. Machine translations – Language translation software, either based on written or spoken text, relies on artificial intelligence to provide and improve translations. This also applies to functions such as automated subtitling. Smart homes, cities and infrastructure – Smart thermostats learn from our behaviour to save energy, while developers of smart cities hope to regulate traffic to improve connectivity and reduce traffic jams. Automobiles – While self-driving vehicles are not yet standard, cars already use AI-powered safety functions. The EU has for example helped to fund VI-DAS, automated sensors that detect possible dangerous situations and accidents. Navigation is largely AI-powered. Cybersecurity – AI systems can help recognise and fight cyberattacks and other cyber threats based on the continuous input of data, recognising patterns and backtracking the attacks. Artificial intelligence against Covid-19 – In the case of Covid-19, AI has been used in thermal imaging in airports and elsewhere. In medicine it can help recognise infection from computerised tomography lung scans. It has also been used to provide data to track the spread of the disease. Fighting disinformation – Certain AI applications can detect fake news and disinformationby mining social media information, looking for words that are sensational or alarming and identifying which online sources are deemed authoritative. Health – Researchers are studying how to use AI to analyse large quantities of health data and discover patterns that could lead to new discoveries in medicine and ways to improve individual diagnostics. Brain-computer interfaces (BCIs) backed by artificial intelligence helps to treat neurological diseases and trauma to the nervous system, helps in developing next generation radiology tools such as PET-SCAN, CT-SCANS etc. Transport – AI could improve the safety, speed and efficiency of rail traffic by minimising wheel friction, maximising speed and enabling autonomous driving. Tesla Cars uses AI. Agriculture – AI applications in agriculture have developed applications and tools which help farmers inaccurate and controlled farming by providing them proper guidance to farmers about water management, crop rotation, timely harvesting, type of crop to be grown, optimum planting, pest control etc. use of drone to analyze the captured images and provide a detailed report containing the current health of the farm. It helps the farmer to identify pests and bacteria helping farmers to timely use of pest control and other methods to take required action. AI Robotics in Agriculture – AI companies are developing robots that can easily perform multiple tasks in farming fields. This type of robot is trained to control weeds and harvest crops at a faster pace with higher volumes compared to humans. These types of robots are trained to check the quality of crops and detect weed with picking and packing of crops at the same time. Conclusion Artificial intelligence is an objective tool which has its positive and negative side.Its upto individuals, companies and governments to decide on how to utilise this scientific tool for better of humanity.In context of India AI can be used to alleviate the problems concerning agrarian distress, climate change, education gap, and governance.Therefore Artificial intelligence should be used to overcome the problems which are faced by present society. 2. How does a communication satellite work? Illustrate. Also examine the applications of GSAT series of satellites developed by ISRO.  Approach  Define what are communication satellites.In next part explain their working with help of some examples.In last part explain what are the application of GSAT satellites launched by India. Introduction A communications satellite is an artificial satellite that relays and amplifies radio telecommunication signals via a transponder; it creates a communication channel between a source transmitter and a receiver at different locations on Earth. Communications satellites are used for television, telephone, radio, internet, and military applications. The GSAT (Geostationary Satellite) satellites are India's indigenously developed communications satellites, used for digital audio, data and video broadcasting. Body:  Working of a Communication satellite  A communications satellite is an artificial satellite that relays and amplifies radio telecommunications signals through a transponder. It basically creates a communication channel between a source transmitter and a receiver at different locations on earth.  Communications satellites are used for television, telephone, radio, internet, and military applications. There are currently 2,134 communications satellites in the earth’s orbit and these comprise both private and government organizations. Several are in geostationary orbit 22,236 miles (35,785 km) above the equator, so that the satellite appears stationary at the same point in the sky.  The orbital period of these satellites is the same as the rotation rate of the Earth, which in turn allows the satellite dish antennas of ground stations to be aimed permanently at that spot; they do not have to move along and track it.  Since the high frequency radio waves used for telecommunications links travel by line of sight, they get obstructed by the curve of the earth. What these communications satellites do is they relay the signal around the curve of the earth thus making possible communication between widely removed geographical points.  Communications satellites use a wide range of radio and microwave frequencies. To avoid signal interference, international organizations have regulations stating which frequency ranges (or bands) certain organizations are permitted to use. This allocation of bands reduces the chances of signal interference. Application of GSAT series of satellite  A multi-media mobile satellite system; will offer a Satellite Digital Multimedia Broadcasting (S-DMB) service, via mobile phones and mobile video/audio receivers for vehicles; Can also be utilized for strategic and social applications. According to defense experts,GSAT-7 will enable the Indian Navy to acquire blue water capabilities and need not depend on foreign satellites like Inmarsat, which provide communication services to its ships.  GSAT-7A is an advanced military communications satellite meant exclusively for the Indian Air Force.  GSAT 8 will augment the capacity in the INSAT system; The GAGAN payload provides the Satellite Based Augmentation System (SBAS), through which the accuracy of the positioning information obtained from the IRNSS Satellites is improved by a network of ground-based receivers and made available to the users in the country through the geostationary satellites.  GSAT 9 Carried GAGAN navigation payload, a regional navigational services by NAVIC, a navigational system developed by India, that provides navigational services to the security forces and air traffic control organizations.  GSAT 10 Will augment telecommunication, Direct-To-Home and radio navigation services. GSAT 12 Replacement of the INSAT-3B; to provide services like tele-education, tele-medicine, disaster management support and satellite internet access. Military communications which helps intelligence agencies handle day to day work of all the forces and especially prepare for war like situations. Conclusion India has achieved great success in space frontiers with IRSO at its helm.The GSAT series of satellites has reduced India’s dependance on critical infrastructure which is important for military communication, e governance, online education, telemedicine, telecommunications and new age application such as precision farming.This will help India to reduce poverty, enhance skill development and also augment soft power with ability to help neighbouring countries. 3. Discuss oil spill as an environmental hazard. What are its remedies? Approach First define what is meant by oil spill.In next part write how it is an environmental hazard and at last write the remedies to overcome oil spills.Make use of examples for better impact. Introduction Oil is among the most important energy sources in the world and because of its uneven distribution, it is transported by ships across the oceans and by pipelines across the lands. This has resulted in several accidents in the past while transferring the oil to vessels, during transportation, breaking of pipelines, as well as while drilling in the earth’s crust.While massive and catastrophic spills receive most of the attention, smaller and chronic ones occur on a regular basis. These spills contaminate the coasts and estuaries and can cause serious health problems to human beings Body Impacts of oil spill on environment  On Marine life The most affected organisms are those which floats near the surface like turtles, fishes, crabs etc. Sea animals caught in an oil spill, on being exposed to toxic petroleum products often results in lower reproductive rates, organ damage, and death. The effects remain for a long period of time. Fishes die due to inability to swim or breath. Note: This time was core breeding period for olive ridley turtles and due to oil slick sticking to the gut mother turtles may find it difficult to lay the eggs. On Birds Many birds die due to drowning or inability to eat due to oil sticking to their body. On Humans Direct exposure can have varying effects depending on the toxicity and chemicals involved in the spill. Humans get exposed to toxicity through breathing gaseous oil compounds and/or oil compounds adsorbed on particulate matter (dispersed through the air). Exposure can also happen due to the activities in the contaminated ground (e.g., soil) or through skin absorption when touching spilled material. There is a huge economic cost attached with such disasters. Remedies for oil spills  Using Oil Booms The use of oil booms is a very simple and popular method of controlling oil spills. Equipment called containment booms acts like a fence to prevent the oil from further spreading or floating away. Booms float on the water surface and have three parts – A ‘freeboard’ is the part that rises above the water surface, containing the oil and preventing it from splashing over the top A ‘skirt’ is placed below the surface and keeps the oil from being squeezed under the booms and escaping A kind of cable or chain that connects the parts to strengthen and stabilize the boom. Connected sections of the boom are placed around the area of the oil spill until it is totally surrounded and contained. Using Skimmers Once the oil has been confined by using oil booms, skimmers or oil scoops can be deployed onto boats to remove the contaminants from the water surface. Skimmers are machines specially designed to suck up the oil from the water surface like a vacuum cleaner. They are used to physically separate the oil from the water so that it can be collected and processed for re-use. Using Sorbents Sorbents are materials that soak up liquids by either absorption (pulling in through pores) or adsorption (forming a layer on the surface). Both these properties make the process of clean-up much easier. Materials commonly used as oil sorbents are hay, peat moss, straw or vermiculite. Burning In-situ In this method, the oil floating on the surface is ignited to burn it off. This in-situ burning of oil can effectively remove up to 98% of an oil spill, which is more than most of the other methods. According to Obi et al, (2008), “The minimum concentration (thickness) of the slick on the water surface for any measurable effectiveness of in-situ burning is 3mm. This is because it would be very difficult (and even nearly impossible) to ignite a layer which is not thick enough. Using Dispersants When the spilled oil cannot be contained by using booms, the only option left is to accelerate the disintegration of oil. Dispersal agents, such as Corexit 9500, are chemicals that are sprayed upon the spill with the help of aircraft and boats, which aid the natural breakdown of oil components. They allow the oil to chemically bond with water by increasing the surface area of each molecule. This ensures that the slick does not travel over the surface of the water, and is easier to degrade by microbes. Hot Water and High-Pressure Washing This procedure is mainly used in situations where the oil is inaccessible to methods of mechanical removal such as using booms and skimmers. It is used to dislodge the trapped and weathered oil from locations which are generally inaccessible to machinery. Water heaters are used to heat up water to around 170°C, which is then sprayed by hand with high-pressure wands or nozzles. The oil is thus flushed to the water surface, which can be collected with skimmers or sorbents. Using Manual Labour As the name suggests, the method requires hand-held tools and manual labour to clean up the contaminants. It involves the use of manual means like hands, rakes, shovels etc. to clean the surface oil and oily debris and place them in special containers to be removed from the shoreline.Sometimes, mechanized equipment may be employed for providing any additional help and reach out to any inaccessible areas. Bioremediation Bioremediation refers to the use of specific microorganisms to remove any toxic or harmful substances. There are various classes of bacteria, fungi, archaea and algae that degrade petroleum products by metabolizing and breaking them into simpler and non-toxic molecules (mostly fatty acids and carbon dioxide). Sometimes, reagents and fertilizers may be added to the area. These phosphorus-based and nitrogen-based fertilizers provide adequate nutrients to the microbes so that they are able to grow and multiply quickly. This process is generally not used when the spill has happened in the deep seas and is gradually put into action once the oil starts to approach the shoreline. Chemical Stabilisation of oil by Elastomizers Right after an oil spill, the immediate concern is to prevent the oil from spreading and contaminating the adjacent areas. While mechanical methods like using oil booms effectively contain the oil, they have certain limitations to their use. Quite recently, experts have been using compounds like ‘Elastol’, which is basically poly iso-butylene (PIB) in a white powdered form, to confine oil spills. The compound gelatinizes or solidifies the oil on the water surface and thus keeps it from spreading or escaping. The gelatin is easy to retrieve, and this makes the process highly efficient. Natural Recovery The simplest method of dealing with the oil spill cleanup operation is to make use of the vagaries of nature like the sun, the wind, the weather, tides, or naturally occurring microbes. It is used in certain cases when the shoreline is too remote or inaccessible, or the environmental impact of cleaning up a spill could potentially far outweigh the benefits. Conclusion Oil spills have negative impact on ecology as well as human development as it affects the livelihood of fishermen and coastal tourism.The recent oil spill in Mauritius is a case in point.Therefore the should be mor emphasis on preventing such oil spills by rigorous quality check and consanguinity upgradation of protocols.Further in country like India which have a vast coastline there should be focus to bring a specific law on this issue for better handling of such crises and punitive measures against the culprits as well as compensation to the victims.   TLP Synopsis Day 125 PDF

[Day 33]: UPSC PRELIMS 2021- Rapid Revision (RaRe) Series

Highlights/Features of Rapid Revision (RaRe) Series:  It is a FREE initiative! Program Duration - 120 Days (31st May, 2021 to 27th September, 2021). 1. Dedicated Portal for Focused Preparation There will be a separate dedicated portal to help you stay focused and keep your preparation streamlined for the next 120 Days. The Registration link for the dedicated portal is given at the end of the post. 2. 120 Days Integrated (Prelims + Mains) Time Table This year’s RaRe Series will include Integrated Revision Plan (IRP) where we will be syncing your mains and prelims syllabus together over next 120 Days. The Revision Plan is designed by integrating IASbaba's famous flagship initiatives - 60 Day Plan and TLP Mains Answer Writing. 3. Daily RaRe Series (RRS) Videos on High Probable Topics (Monday - Friday) In video discussions, special focus is given to topics which have high probability to appear in UPSC Prelims Question Paper. Each session will be of 20 mins to 30 mins, which would cover rapid revision of 10 high probable topics (both static and current affairs) important for Prelims Exam this year according to the schedule. 4. Daily Prelims MCQs from Static (Monday - Friday) Daily Static Quiz will cover all the topics of static subjects – Polity, History, Geography, Economics, Environment and Science and technology. 10 questions will be posted daily and these questions are framed from the topics mentioned in the schedule and in the RaRe videos. It will ensure timely and streamlined revision of your static subjects. Note: Should be integrated with the 60 Days Plan 2021. This will expose you to diverse questions from the same topics. 5. Daily Current Affairs MCQs (Monday - Saturday) Daily 5 Current Affairs questions, based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, would be published from Monday to Saturday. Note: Current Affairs questions covered in the 60 Days Plan and Daily Quiz Monthly Compilations should be covered retrospectively. 6. Daily CSAT Quiz (Monday - Friday) CSAT has been an achilles heel for many aspirants. Daily 5 CSAT Questions will be published. 7. Daily Mains Answer Writing (Monday - Friday) GS Mains will be covered along with Prelims in an integrated manner. Daily three Mains questions will be covered syllabus-wise according to the topics mentioned in the schedule. In total, it covers 250+ Mains Questions along with synopsis. 8. Brainstorming on Ethics & Essay (BEE) (Saturday & Sunday) Each week, Sunil Oberoi Sir (Retd. IAS) will take 3 sessions, two for Essay and one for Ethics. The two sessions earmarked for Essay will have a topic-based discussion where he will discuss the approach to write issue-based and philosophical essays. The topics will be picked from previous year question papers of UPSC and TLP initiative of IASbaba. 9. Full Mocks 3 GS Paper 1 Full Mocks will be provided along the lines of UPSC Prelims. 3 CSAT Paper 2 Full Mocks will be provided so that you are not overwhelmed during the D-Day. 10. Rapid Revision (RaRe) Notes Right material plays important role in clearing the exam and Rapid Revision (RaRe) Notes will have Prelims specific subject-wise refined notes. The main objective is to help students revise most important topics and that too within a very short limited time frame. Day-33 of RaRe Series - Click here To Register - Click here For complete details of the RaRe Series -  Click here

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 2nd July 2021

Archives (PRELIMS + MAINS FOCUS) Global Cybersecurity Index: ITU Part of: GS Prelims and GS -III - Cybersecurity  In news Recently, India has ranked tenth (10th) in Global Cybersecurity Index (GCI) 2020 by ITU (International Telecommunication Union) by moving up 37 places. Top countries: USA (1st), UK and Saudi Arabia (2nd), Estonia (3rd) Performance is based on five parameters of cybersecurity - Legal measures, technical measures, organisational measures, capacity development, and cooperation About India’s performance India scored a total of 97.5 points  India secured the fourth position in the Asia Pacific region. India is emerging as a global IT superpower There has been substantial overall improvement and strengthening of the cybersecurity domain. About International Telecommunication Union It is the United Nations specialized agency for information and communication technologies – ICTs. Founded in 1865  Objective: To facilitate international connectivity in communications networks.  Headquarters: Geneva, Switzerland. Functions: It allocates global radio spectrum and satellite orbits Develops the technical standards that ensure networks and technologies seamlessly interconnect Strives to improve access to ICTs to underserved communities worldwide. Efforts to Improve Cyber Security in India National Cyber Security Strategy 2020: It is being formulated to improve cyber awareness and cybersecurity through more stringent audits. Draft Personal Data Protection Bill, 2018 (based on the recommendation of Justice BN Srikrishna Committee) to secure citizens' data. The scheme to set up I4C (Indian Cyber Crime Coordination Centre) was approved in October 2018, to deal with all types of cybercrimes in a comprehensive and coordinated manner. National Computer Emergency Response Team (CERT-In) functions as the nodal agency for coordination of all cyber security efforts, emergency responses, and crisis management. Protection and resilience of critical information infrastructure with the set up of National Critical Information Infrastructure Protection Centre (NCIIPC). Viability Gap Funding for BharatNet Project Part of: GS Prelims and GS -III - Internet connectivity; Infrastructure In news Recently, the Union Cabinet approved a Viability Gap Funding support of up to Rs. 19,041 crore for the implementation of the BharatNet project through Public-Private Partnership model. The project will be extended to all inhabited villages beyond the gram panchayats in 16 States — Kerala, Karnataka, Rajasthan, Himachal Pradesh, Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, West Bengal, Assam, Meghalaya, Manipur, Mizoram, Tripura, Nagaland and Arunachal Pradesh, About BharatNet project  It is the world’s largest rural broadband connectivity programme using Optical fibre.  Implemented by: Bharat Broadband Network Ltd. (BBNL). BBNL is a Special Purpose Vehicle (SPV) set up by the Government of India under the Companies Act, 1956 with an authorized capital of Rs 1000 crore. It shall provide on demand, affordable broadband connectivity of 2 Mbps to 20 Mbps for all households and on demand capacity to all institutions. Ministry: Department of Telecommunication, Ministry of Communications. National Optical Fibre Network (NOFN) which was launched in October 2011 was renamed as Bharat Net Project in 2015. Funding: Universal service Obligation Fund (USOF) set up for improving telecom services in rural and remote areas of the country. Objective: To facilitate the delivery of e-governance, e-health, e-education, e-banking, Internet and other services to rural India. Phases of the Project First Phase: Provide one lakh gram panchayats with broadband connectivity by laying underground Optic Fibre Cable (OFC) lines by December 2017. Second Phase: Provide connectivity to all the gram panchayats in the country using an optimal mix of underground fibre, fibre over power lines, radio and satellite media by March 2019. Third Phase: From 2019 to 2023, a state-of-the-art, future-proof network, including fibre between districts and blocks, with ring topology to provide redundancy would be created. Do you know? Public-Private Partnership (PPP) involves collaboration between a government agency and a private-sector company that can be used to finance, build, and operate projects. The PPP Model in this critical infrastructure of Telecom is a novel initiative. Viability Gap Funding (VGF) means a grant one-time or deferred, provided to support infrastructure projects that are economically justified but fall short of financial viability. Revamped Distribution Sector Scheme Part of: GS Prelims and GS-III – Discoms; Infrastructure In news Recently, the Cabinet Committee on Economic Affairs has approved a Reforms-based and Results-linked, Revamped Distribution Sector Scheme worth Rs. 3.03 trillion. The Centre’s share will be Rs. 97,631 crore. Aim: To improve the operational efficiencies and financial sustainability of discoms (excluding Private Sector DISCOMs). About the revamped scheme It will provide conditional financial assistance to strengthen the supply infrastructure of discoms (power distribution companies). The financial assistance will be based on meeting pre-qualifying criteria and upon achievement of basic minimum benchmarks. All the existing power sector reforms schemes such as Integrated Power Development Scheme, Deen Dayal Upadhyaya Gram Jyoti Yojana, and Pradhan Mantri Sahaj Bijli Har Ghar Yojana will be merged into this umbrella program. The scheme will be available till 2025-26. Nodal Agencies: Rural Electrification Corporation and Power Finance Corporation. Special Category States/UTs: Sikkim, J & K, Ladakh, Himachal Pradesh, Uttarakhand, Andaman & Nicobar Islands, and Lakshadweep Objectives: Reduction of AT&C losses (operational losses due to inefficient power system) to 12-15% by 2024-25. Reduction of cost-revenue gap to zero by 2024-25. Developing Institutional Capabilities for Modern DISCOMs. Components of the scheme Consumer Meters and System Meters: A compulsory smart metering ecosystem across the distribution sector Approximately 10 crore prepaid Smart Meters to be installed by December, 2023 in the first phase. Feeder Segregation: Funding for feeder segregation for unsegregated feeders, which would enable solarization under the PM-KUSUM Scheme. Modernization of Distribution system in Urban Areas Rural and Urban area System strengthening G20 Foreign Ministers’ Meeting Part of: GS Prelims and GS -II - International relations In news Recently, Italy hosted the G-20 foreign ministers’ meeting to discuss the fight against Covid-19 and how to speed up the recovery of the global economy and boost sustainable development in Africa. About the Meeting It criticized China and Russia for engaging in vaccine diplomacy. Vaccine diplomacy is the branch of global health diplomacy in which a nation uses the development or delivery of vaccines to strengthen ties with other nations. Promoting a science-based holistic One Health approach. 'One Health' is an approach to designing and implementing programmes, policies, in which multiple sectors communicate and work together to achieve better public health outcomes. It also emphasised that Increased climate variability and extreme weather events impact agriculture output and are among the forces driving the rise in global hunger. On Africa: The Covid-19 pandemic, conflict, drought, economic woes, and extreme weather are reversing years of progress. In the whole of Africa, 250 million people were experiencing hunger, which is nearly 20% of the population (as of 2019). India’s Stand in the meeting Flagged the issue of “vaccine equity” It entails both affordability of vaccines and access opportunities for populations across the world, irrespective of geography and geopolitics. Economy needs decentralised globalisation, including in manufacturing, food and health.  Resilient supply chains must develop in parallel. App chendavia gaining popularity among the students of kalbeliya dance Part of: GS Prelims and GS I - Culture In news  Recently, due to Covid-19-Pandemic an app called chendavia is gaining popularity among the students of kalbeliya dance. About kalbeliya dance Kalbeliya dances are an expression of the Kalbeliya community’s traditional way of life. It was included in the UNESCO list of Intangible Cultural Heritage (ICH) in 2010. UNESCO’s List of ICH is made up of those intangible heritage elements that help demonstrate diversity of cultural heritage and raise awareness about its importance. It was established in 2008  The dance form consists of swirling and graceful movements  The movements associated with the Kalbelia also make it one of the most sensuous forms of folk dance in India. It is generally performed for any joyous celebration.  Another unique aspect is that it is only performed by women while the men play the instruments and provide the music. About the Kalbeliya Tribe Kalbeliya tribe people were once professional snake handlers.  Today they are seen in their former occupation in music and dance  They live a nomadic life and belong to the scheduled tribes. The largest number of the population of Kalbeliyas is in Pali district, then Ajmer, Chittorgarh and Udaipur district (Rajasthan). Other Traditional Folk Dances of Rajasthan Gair Kachchhi Ghodi Ghoomar Bhavai, etc. Miscellaneous Guindy National Park: Tamil Nadu The Guindy National Park provides a number of ecosystem services to the people of Chennai, Tamil Nadu. Ecosystem services are the direct and indirect contributions of ecosystems to human well-being. It is India’s eighth-smallest national park and one of the very few national parks located inside a city.  It is located in the heart of Chennai’s metropolitan area. It is one of the last remnants of the tropical dry evergreen forests of the Coromandel Coast. In 1978 the small area, popularly known as Guindy Deer Park, was declared as a national park. (Mains Focus) ECONOMY/ GOVERNANCE Topic: GS-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. GS-2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation Rural Economy as Saviour Context: Decline in GDP began even before COVID-19 Pandemic which has made economic recovery challenging The pandemic & its mishandling has only worsened an already fragile economic situation.  Agriculture was the only major sector (other than electricity, gas, water supply and utility services) which reported an increase in Gross Value Added (GVA) in 2020-21.  It not only provided jobs to returning migrants but also sustained the economy in the rural areas. It is difficult for rural sector to play saviour again because of the following reasons: 1. Disproportionate impact on rural areas: The second wave affected rural areas disproportionately, both in terms of  Health - Huge expenditure on private healthcare Livelihoods- Loss of earning members 2. Possible Debt Trap: As a result, rural areas can witness a sharp rise in indebtedness from non-institutional sources 3. Incommensurate response from the Government:  For the country as a whole, despite an increase in employment demand in NREGS, the person-days generated in May 2021 was only 65% when compared to May 2020.  While the free food-grain scheme has been extended this year as well, it does not include pulses as was provided. Similarly, there has not been any cash transfer to vulnerable groups, unlike last year 4. Inflation Threat Rising inflation further threatens to reduce the purchasing power of the rural economy struggling with declining incomes and job losses The rise in input prices for diesel and fertilizers further adds to the misery Rural non-farm sector already struggling from low demand has now seen its profit margins getting impacted due to the increase in the cost of raw material. Way Ahead Recognition by government about the importance of rural sector in economic recovery and proactive intervention. Speeding up vaccination in rural areas Greater fiscal support for rural areas (increased MGNREGA, PDS allocation) Protection from the rising inflation in input prices through subsidies Connecting the dots: Employment & Recovery of Indian Economy Recession in India Current Challenges of Indian Economy INTERNATIONAL/ SECURITY Topic: GS-2: India and its neighborhood- relations.  GS-2: Effect of policies and politics of developed and developing countries on India’s interests India-Africa: Challenges & Way Ahead Context: India’s Africa policy needs a critical review, despite New Delhi’s new initiatives to assist Africa through prompt despatch of medicines and later vaccines. Issues with Indo-Africa relationship India-Africa trade declined in 2020-21 Bilateral trade valued at $55.9 billion in 2020-21, fell by $10.8 billion compared to 2019-20, and $15.5 billion compared to the peak year of 2014-15. India’s investments in Africa too saw a decrease from $3.2 billion in 2019-20 to $2.9 billion in 2020-21. Total investments over 25 years, from April 1996 to March 2021, are now just $70.7 billion, which is about one-third of China’s investment in Africa.  Global Competition Africa experienced a sharpened international competition, known as ‘the third scramble’, in the first two decades of the 21st century.  A dozen nations from the Americas, Europe and Asia have striven to assist Africa in resolving the continent’s political & social challenges and, in turn, to benefit from Africa’s markets, minerals, hydrocarbons and oceanic resources.  Setback in India’s “Vax Diplomacy” China successfully used the pandemic to expand its footprint by increasing the outflow of its vaccines to African Continent. India’s vaccine supply to Africa suffered setback due to increased domestic demand in the wake of second wave of COVID-19 and the shortage of vaccine raw materials from the U.S.  India wanted to consolidate its position in its subcontinent and hence Africa did not attain priority in Vax Diplomacy Way Ahead The third India-Africa Forum Summit was held in 2015. The fourth summit, pending since last year, should be held as soon as possible, even if in a virtual format.  Fresh financial resources for grants and concessional loans to Africa must be allocated, as previous allocations stand almost fully exhausted.  India & Africa must develop and deepen collaborations in health, space and digital technologies. To overcome the China challenge in Africa, India should adopt partnership based approach with its international allies (like EU, US & Japan) Connecting the dots: Pandemic in Africa and opportunity for India Asia-Africa growth Corridor (TEST YOUR KNOWLEDGE) Model questions: (You can now post your answers in comment section) Note: Correct answers of today’s questions will be provided in next day’s DNA section. Kindly refer to it and update your answers. Comments Up-voted by IASbaba are also the “correct answers”. Q.1 Where is Guindy National Park located? Tamil Nadu Kerala Telangana Andhra Pradesh Q.2 Kalbelia Dance is a folk dance of which of the following state? Punjab Rajasthan Gujarat Haryana Q.3 Consider the following statements regarding BharatNet project:  It is the world’s largest rural broadband connectivity programme using Optical fibre.  It is implemented by Bharat Broadband Network Ltd. (BBNL). Which of the above is or are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 ANSWERS FOR 1st July 2021 TEST YOUR KNOWLEDGE (TYK) 1 C 2 C Must Read On Insolvency & Bankruptcy: The Hindu On Indian and Religion: Indian Express On Dowry & measures to overcome this social menace: Indian Express

Daily Prelims CA Quiz

UPSC Quiz – 2021 : IASbaba’s Daily Current Affairs Quiz 2nd JULY 2021

For Previous Daily Quiz (ARCHIVES) - CLICK HERE 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

Important Articles

[UPSC INTERVIEW] CURRENT AFFAIRS Discussion by Dr Akash Shankar, AIR 78, CSE 2018 (Interview Topper - Scored 204 in Interview) for UPSC 2020-21 Interview Students!

Hello Everyone, We at IASbaba are conducting sessions on how to answer controversial issues and tackle situation-based questions in Personality Test (Interview). These sessions will be handled by Serving, Retd. Bureaucrats, Mohan Sir. We are floating a form below so that the interested students who are selected for UPSC CSE interview 2020 can register. PS: These sessions are meant ONLY for those who are selected for UPSC Interview 2020. Session 4 will be conducted by Dr. Akash Shankar AIR 78, 2018 (Interview Topper - Scored 204 in Interview)  The topic of discussion – CAA Electoral Reforms Aadhar and Privacy issues Date and Time - 2nd July (4PM - 5PM) REGISTER HERE - CLICK HERE PS: The link for these live sessions will be sent only to the registered students. For further queries with regard to the interview, you can mail us at support@iasbaba.com or call us on 8549000077

IASbaba’s TLP (Phase 1): UPSC Mains Answer Writing – General Studies Paper 3 Questions [2nd JULY,2021] – Day 125

For Previous TLP (ARCHIVES) - CLICK HERE Hello Friends, Welcome to IASbaba’s TLP (Phase 1): UPSC Mains Answer Writing – General Studies Paper 3 Questions [2nd JULY,2021] – Day 125 TLP (Phase 1) just got over on 8th May (Saturday) and we are extremely thankful for your active participation to make this program a success. Well, though TLP (Phase 1) got over, ‘Picture abhi baaqi hai mere dost’. There is a surprise for you. Since prelims is bound to get delayed once again this year, its not wise to leave the writing practice just now. Hence, we are extending the TLP program  We will be posting 3 questions per day (Monday to Friday). The questions will be based on Current Affairs, so that you don’t have to invest your time separately on exclusively mains oriented topics. So, keep practicing and keep improving. To Know More about TLP  -> CLICK HERE For Previous TLP (ARCHIVES) - CLICK HERE Note: Click on Each Question (Link), it will open in a new tab and then Answer respective questions! 1. What is Artificial Intelligence (AI)? Who are currently the big players in the field of AI? How big is the potential of AI? Discuss. (10 Marks) आर्टिफिशियल इंटेलिजेंस (एआई) क्या है? एआई के क्षेत्र में वर्तमान में बड़े खिलाड़ी कौन हैं? एआई की क्षमता कितनी बड़ी है? चर्चा करें। 2. How does a communication satellite work? Illustrate. Also examine the applications of GSAT series of satellites developed by ISRO. (10 Marks) संचार उपग्रह कैसे काम करता है? चित्रण। इसरो द्वारा विकसित उपग्रहों की जीसैट श्रृंखला के अनुप्रयोगों की भी जांच करें। 3. Discuss oil spill as an environmental hazard. What are its remedies? (15 Marks) एक पर्यावरणीय खतरे के रूप में तेल रिसाव की चर्चा कीजिए। इसके उपाय क्या हैं? AWARE ( Answer Writing REdefined) Series - 7 Steps to Master Answer Writing Skills by Mohan Sir - CLICK HERE P.S: The review from IASbaba will happen from the time the question is posted till 10 pm every day. We would also encourage peer reviews. So friends get actively involved and start reviewing each other's answers. This will keep the entire community motivated. All the Best :)

RSTV Video

Suez Canal Crisis – The Big Picture – RSTV IAS UPSC

Archives TOPIC: General Studies 2: Effect of policies and politics of developed and developing countries on India’s interests In News: A giant container ship was stuck in Egypt's Suez Canal for nearly a week now, blocking way for other ships to pass. At present, the cargo ship has been successfully refloated in the Suez Canal. A Panama-flagged ship, The Ever Given, that carries cargo between Asia and Europe, ran aground in the narrow canal that runs between Africa and the Sinai Peninsula. Authorities have been making all possible attempts to free the vessel and reopen the waterway, which is very crucial for global shipping.  According to news reports, the blockage of the canal has resulted in a massive maritime traffic jam, causing delays in global shipment chain. According to official figures, some 19,000 vessels passed through the canal last year. Insurance company Allianz estimated that each day of the blockade was costing between $6-10 billion (€5-8.5 billion). That's hardly surprising, given that 13% of goods making up the global trade volume pass through the 193-kilometer (120-mile) Suez Canal. It's the shortest route between the economies of Asia and Europe — and it can be a real chokepoint as the past few days have shown all too clearly. The Impact Blocking of all Traffic: On March 23rd, due to weather obstructions a giant container ship, MV Ever Given, en route from China to the Netherlands ended up getting stuck in one of the canal’s narrow stretches, thus blocking all traffic.  Stress on Global Supply Chain: Over 200 ships are stuck on both sides of the canal putting stress on global supply chains. Increased Oil Prices: The long-term impacts of this block will depend on how long it lasts, but some countries have already seen a rise in oil prices after the blockage. India- the biggest importer via Suez Canal: India is the top importer of crude oil and products via the Suez Canal, higher than China, South Korea or Singapore. If the issue is not solved early then it will start to have implications on the bigger trade flow and shipping sectors and will begin to affect refining operations on a broader scale India-US relations: For India, though, the main hit could be seen on the import and export of ethane with the US, and the imports of crude from Latin America, the uptake of which was recently increased. The longer the closure, the more disruptive the impact is likely to be. Global Dependence on this narrow waterway: The incident also raises questions about finding solutions to prevent future accidents and reducing the global dependence on this narrow waterway. India’s four-point plan India has chalked out a four-point plan to deal with the situation arising from the blockage of the Suez Canal, including advising ships to re-route via the Cape of Good Hope. This plan was chalked out in a meeting convened by the logistics division, department of commerce, government of India.  It includes prioritisation of cargo, freight rates, advisory to ports and re-routing of ships. Under prioritisation of cargo, Federation of Indian Export Organizations (FIEO), Marine Products Export Development Authority (MPEDA) and Agricultural and Processed Food Products Export Development Authority (APEDA) will jointly identify cargo particularly perishable cargo for priority movement and work with the shipping lines for the same. Besides, CSLA assured that the freight rates as per existing contracts will be honoured. A request has been made to the shipping lines to maintain stability in freight rates during the period of this crisis. It was noted that the situation is temporary and is unlikely to have a long-lasting impact. Once the blockage is over, it is expected that some bunching may take place, especially at the ports of JNPT, Mundra and Hazira. Ministry of Ports, Shipping and Waterways assured to issue an advisory to these ports so as to gear up arrangements and ensure efficient handling during the forthcoming busy period. Shipping lines were advised through CSLA to explore the option of re-routing of ships via the Cape of Good Hope. It was pointed that such re-routing usually takes 15 additional days' time. This route is used for Indian exports and imports worth USD 200 billion to/from North America, South America and Europe. It includes petroleum goods, organic chemicals, iron and steel, automobile, machinery, textiles and carpets, and handicrafts, including furniture and leather goods. About Suez Canal Located in Egypt, the artificial sea-level waterway was built between 1859 and 1869 linking the Mediterranean Sea and the Red Sea.  It offers the shortest route between the Atlantic Ocean and lands around the Indian and western Pacific Oceans. The canal is one of the busiest waterways in the world, negating the need to navigate around the Cape of Good Hope in Africa and thus cutting distances by up to 7,000 km. Economic Lifeline: The canal continues to be the lifeline for all trade between the West and East as 10 per cent of the global trade passes through it every year. The average 50 ships that pass through it daily carry about $9.5 billion worth of goods, every day. Suez Canal’s Long History The canal has existed in one form or the other since construction started under the reign of Senausret III, Pharao of Egypt (1887-1849 BC). Many kings who ruled later kept improving and expanding this canal.  Construction picked up pace around 300 years back as maritime trade between Europe and Asia became crucial for many economies.  In the mid-1800s, French diplomat and engineer Ferdinand de Lesseps convinced the Egyptian viceroy Said Pasha to support the canal’s construction. In 1858, the Universal Suez Ship Canal Company was tasked to construct and operate the canal for 99 years, after which rights would be handed to the Egyptian government.  Despite facing multiple problems ranging from financial difficulties and attempts by the British and Turks to halt construction, the canal was opened for international navigation in 1869. The French and British held most of the shares in the canal company. The British used their position to sustain their maritime and colonial interests by maintaining a defensive force along the Suez Canal Zone as part of a 1936 treaty. Egypt takes over Suez Canal In 1954, facing pressure from Egyptian nationalists, the two countries signed a seven-year treaty that led to the withdrawal of British troops. In 1956, Egyptian President Abdel Nasser nationalised the Suez Canal to pay for the construction of a dam on the Nile. This led to the Suez Crisis with UK, France and Israel mounting an attack on Egypt.  The conflict ended in 1957 after the United Nations got involved and was followed by the first instance of the UN Peacekeeping Forces being deployed anywhere in the world. In 1967, Nasser ordered the peacekeeping forces out of Sinai leading to a new conflict between the two countries. Israelis occupied Sinai and in response, Egypt closed the canal to all shipping.  The closure lasted until 1975, when the two countries signed a disengagement accord. The canal was the focal point of the Arab-Israeli War of 1973, with the Arab coalition led by Egypt and Syria. Place in news:  Cape of Good Hope The Cape of Good Hope is a rocky headland on the Atlantic coast of the Cape Peninsula in South Africa. A common misconception is that the Cape of Good Hope is the southern tip of Africa. Contemporary geographic knowledge instead states the southernmost point of Africa is Cape Agulhas. When following the western side of the African coastline from the equator, however, the Cape of Good Hope marks the point where a ship begins to travel more eastward than southward. Cape Agulhas Cape Agulhas is a rocky headland in Western Cape, South Africa. It is the geographic southern tip of the African continent and the beginning of the dividing line between the Atlantic and Indian Oceans. Connecting the Dots: How significant is the Suez Canal for global shipping and what would be the implications if this blockage continues? Discuss.

WEEKEND WITH BABA

[WEEKEND WITH BABA] Seventh Live Session – How to use of BABAPEDIA (for CURRENT AFFAIRS) and make notes by Goutham Sir on 4th July (Sunday)

Dear Students Thank you for a great response to the 'Weekend With Baba' Session on Integrated Learning Program (ILP) - 2022. For this week we are conducting a Live Zoom Session on how to use Babapedia (Part of ILP 2022) effectively for Current Affairs preparation and how to make notes. Details Regarding the Seventh Live Session The session on Babapedia for Current Affairs will be taken by Goutham sir on 4th July (Sunday) from 5 PM - 6 PM. Zoom Session Details  Topic: Weekend with Baba - Session 7 - How to use Babapedia (for Current Affairs) & make Notes? Time: Jul 4, 2021 05:00 PM Join Zoom Meeting - https://us06web.zoom.us/j/84436341856?pwd=WFl6RTVWazErQUNQcDNhM2NieWlPZz09 Meeting ID: 844 3634 1856 Passcode: 576121 Note The Zoom link will be active only on the scheduled time and date. Students will be allowed to participate in the session on a 'first come first serve' basis. To Watch Previous 'Weekend With Baba' Sessions - CLICK HERE INTEGRATED LEARNING PROGRAM (ILP) 2022 - CLICK HERE You can start sharing your questions/queries/doubts with #ASKBABA (related to Babapedia nd Curret Affairs Prepartion) in disqus comment box below and Upvoting can follow. Remember maximum upvotes will be given priority. Feel free to share your queries because many of the questions that you are having, will be the same as other candidates. Your questions might help others in clarifying their doubts. Waiting to talk to you soon! P.S: 'CONNECT WITH BABA' consists of the following - Hotline, #AskBaba, Phone-a-Friend, (Monday - Friday between 10 AM to 6 PM), and 'Weekend with Baba' (Every Saturday from 5 PM - 6 PM). To get Regular Updates from IASbaba, follow- TELEGRAM Channel – CLICK HERE YOUTUBE  –  CLICK HERE FACEBOOK  – CLICK HERE

SYNOPSIS [1st JULY,2021] Day 124: IASbaba’s TLP (Phase 1): UPSC Mains Answer Writing (General Studies)

For Previous TLP (ARCHIVES) - CLICK HERE   SYNOPSIS [1st JULY,2021] Day 124: IASbaba’s TLP (Phase 1): UPSC Mains Answer Writing (General Studies)   1. Do you think soaring petrol and diesel prices pose threat to India’s economic recovery? Substantiate your views. Approach  The question demands candidate to introduce with recent soaring of crude prices.In next part write in brief the reasons for its rise and what threats it posses to Indian economy which is already in recession.In conclusion make an argument for reduction in taxes for the benefit of people and economy at large. Introduction Recently, the price of Brent crude crossed the USD 75 per barrel mark after over a year. The rise in prices is because of production cuts by oil-producing countries and expectations of improvements in global demand as the Covid-19 vaccine is rolled out across the world.This rise the RBI has said is not good for the faster recovery of Indian economy as India imports 80% of its oil consumption.This dependence on import hurts not only the macroeconomic elements of fiscal deficit , currency flow and Investment but also has impact on individuals, middle classes which affects the overall demand in the economy. Body Reasons for Present Price Hike: Major oil-producing countries had cut oil production last year amid a sharp fall in demand due to the Covid-19 pandemic.  Saudi Arabia pledged extra supply cuts in February and March 2020 following reductions by other members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. In early January 2021, the OPEC and Russia (as OPEC+) agreed to cut back on oil production to increase prices. The production and rollout of vaccines for Covid-19 and the rising consumption post the Covid lockdowns last year have both led to a revival in international crude oil prices. Increase in excise duty by government when the crude was at historic low but have not be decreased now due to need of funds for development especially in light of Covid-19 induced financial disruption. Effect of rise in crude oil prices on Indian recovery  Adverse impact on fiscal deficit: India imports 1.5 billion barrels of crude oil each year . This comes up to around 80% of its annual crude oil requirement. So, the surge in crude oil prices could increase India’s expenditure, thus adversely affecting India’s fiscal deficit. A rise in fiscal deficit could negatively affect the economy as well as markets. The fall in crude oil prices was a major contributing factor in the reduction of India’s fiscal deficit between 2014 and 2016, according to a report by Livemint . Impact on the rupee: The rise in crude oil prices has a clear impact on the Indian rupee.This is seen by recent depreciation of rupee which is now at 74 rupee to dollar exchange rate,In addition, if crude oil prices remain at these high levels, the rupee is further expected to depreciate by the year end. Rupee depreciation has a reverberating effect on the Indian economy and even the stock market.  Impact on Current Account Deficit (CAD): India’s dependency on crude oil imports has only been increasing over the past few years. The dependency rose from 77.3% in FY2014 to 83.7% in FY2018. The rise in crude oil price has a big impact on the Indian Current Account Deficit (CAD).CAD essentially indicates how much India owes the world in foreign currency.  Impact on stocks: A lot of Indian companies depend on healthy crude oil prices. This includes tyre, lubricants, footwear, refining and airline companies. The profitability of these companies is adversely affected due to higher input costs. This could negatively impact stock prices in the near term.  Impact on inflation: Oil is a very important commodity and it is required to meet domestic fuel needs. And in addition to that, it is a necessary raw material used in a number of industries. An increase in the price of crude oil means that would increase the cost of producing goods. This price rise would finally be passed on to consumers resulting in inflation. Experts believe that an increase of $10/barrel in crude oil prices could raise inflation by 10 basis points (0.1%). Therefore the rise in fiscal deficit and inflation has negative impact on overall investment due to crowding out effect in the economy which leads to less investment in capital by private companies.On other hand rise in inflation affects the overall consumption patterns of families which decreases the aggregate demand in the economy.This overall hurts the sectors such as tourism, hospitality, FMGC ,new purchases of machinery and appliance which can lead to a slowdown. Conclusion Therefore though there are some positive benefits with rise in crude oil prices, such as domestic oil companies will make better profit and lead to new discoveries and help government to achieve the targets of disinvestment and climate change.But the cumulative effects of inflation, fiscal deficit and reduction in aggregate demand can lead to negative outcomes such as job loss, poverty, and degradation of socioeconomic indicators such as gender parity and nutrition.Therefore the government should take active measures to reduce the burden of taxes on public trough crude oil to avoid hurting Indian recovery which is already battered by the Covid induced economic recession. 2. What is the Deep Ocean Mission? What are its objectives and key features? Approach  First mention what is Deep ocean mission as it was recently in news.In next part write what are its key objectives.Try to explain in brief each objective and its relevance to India.In conclusion try to link it with blue economy target of India. Introduction  Recently, the Cabinet Committee on Economic Affairs gave its approval for the Deep Ocean Mission proposal submitted by the Ministry of Earth Sciences (MoES). The mission is expected to explore the deep ocean for resources and at the same time, develop deep sea technologies that can be used for sustainable use of ocean resources. The move comes after the United Nations (UN) declared the upcoming ten years (2021-2030) as the Decade of Ocean Science for Sustainable Development. Body  Importance of Deep Ocean Mission  Around 95 per cent of the deep ocean remains unexplored. In the case of India, the country is surrounded by the ocean on three sides and has around 30 per cent of its population living in coastal areas. Therefore, the ocean is a major economic factor that supports fisheries and aquaculture, livelihoods, tourism, and blue trade, the government said in a statement. Apart from this, oceans are also a storehouse of energy, food, medicines, minerals, modulator of weather and climate and underpin life on Earth. Also, according to the government, India has a unique maritime position and there is a need to consider the importance of the oceans on sustainability.  The government is envisioning the new India by 2030 where the focus is also on the Blue Economy. To be sure, the Blue Economy can simply be known as economic opportunities that are related to marine ecosystems and oceans. The Deep Ocean Mission consists of the following six major components: 1. Development of Technologies for Deep Sea Mining, and Manned Submersible. A manned submersible will be developed to carry three people to a depth of 6000 metres in the ocean with suite of scientific sensors and tools. Only a very few countries have acquired this capability. An Integrated Mining System will be also developed for mining Polymetallic Nodules from 6000 m depth in the central Indian Ocean.  The exploration studies of minerals will pave way for the commercial exploitation in the near future, as and when commercial exploitation code is evolved by the International Seabed Authority, an UN organization. This component will help the Blue Economy priority area of exploring and harnessing of deep sea minerals and energy. 2. Development of Ocean Climate Change Advisory Services. A suite of observations and models will be developed to understand and provide future projections of important climate variables on seasonal to decadal time scales under this proof of concept component. This component will support the Blue Economy priority area of coastal tourism. 3. Technological innovations for exploration and conservation of deep-sea biodiversity.  Bio-prospecting of deep sea flora and fauna including microbes and studies on sustainable utilization of deep sea bio-resources will be the main focus. This component will support the Blue Economy priority area of Marine Fisheries and allied services. 4. Deep Ocean Survey and Exploration. The primary objective of this component is to explore and identify potential sites of multi-metal Hydrothermal Sulphides mineralization along the Indian Ocean mid-oceanic ridges. This component will additionally support the Blue Economy priority area of deep sea exploration of ocean resources. 5. Energy and freshwater from the Ocean Studies and detailed engineering design for offshore Ocean Thermal Energy Conversion (OTEC) powered desalination plant are envisaged in this proof of concept proposal. This component will support the Blue Economy priority area of off-shore energy development. 6. Advanced Marine Station for Ocean Biology.  This component is aimed as development of human capacity and enterprise in ocean biology and engineering. This component will translate research into industrial application and product development through on-site business incubator facilities. This component will support the Blue Economy priority area of Marine Biology, Blue trade and Blue manufacturing. Conclusion India has a unique maritime position. Its 7517 km long coastline is home to nine coastal states and 1382 islands. The Government of India's Vision of New India by 2030 enunciated in February 2019 highlighted the Blue Economy as one of the ten core dimensions of growth. Therefore the Deep ocean mission is an important mission for India from the perspective of geopolitics, energy security, economic development and scientific advancement which will achieve targets of both blue economy and New India by 2030. 3. What are the challenges to regulating Big Tech in India? Analyse. Approach The question is straightforward.First address what are the big techs here which are being referred.Then write what are the issues concerning which has raised the issue of regulations and in the end write what are the challenges and suggest some possible reforms. Introduction Big Tech, also known as the Tech Giants or the Big Five is a name given to the five largest and most dominant companies in the information technology industry of the United States—namely Google, Apple, Facebook, Amazon and Microsoft.Recently there has been concern in World and India around the monopolistic practices, arbitrary action, anti-competition practices and lack of transparency in its working.This has raised the issue of regulations of big tech in India where they have a great influence from sharing of information to businesses and entertainment and election outcomes. Body Issues with Big tech companies  Conflict of interest: Many of the big tech companies are not, as they claimed, mere platforms.This is because they began to curate and generate their own content, creating possible conflicts of interest. Monopoly powers: There is a suspicion that big tech companies were acquiring more monopoly power leading to lack of free competition.There is a conjunction of technology and finance here.The more companies were valued, the more they needed monopoly rent extraction to be able to justify those valuations. Lack of accountability in algorithms: There was an irony in an opaque algorithm being the instrument of a free, open and equitable society.For example in India there have been recent take down of different contents which are not in compliance of Indian IT rules. Mixed implications for distribution of wealth: While the companies had immense economic impact, their distributive implications were more mixed.They empowered new players, but they also seem to destroy lots of businesses.These companies themselves became the symbol of inequality of economic and political power. Lack of accountability and standards in regulating free speech: Big tech companies set themselves up almost as a sovereign power.This was most evident in the way they regulated speech, posing as arbiters of permissible speech without any real accountability or consistency of standards.The prospect of a CEO exercising almost untrammelled authority over an elected president only served to highlight the inordinate power  these companies could exercise.For example the account of Donald Trump the president of United States at that time was permanently disabled by Facebook. Effects of big tech on democracy and democratisation:The social legitimacy of California Libertarianism came from the promise of a new age of democratic empowerment.But as democracies became more polarised, free speech more weaponised, and the information order more manipulated, greater suspicion was going to be cast on this model.All democracies are grappling with this dilemma. Challenges in regulating big techs: First, smartphones and the Internet of Things (IoT) have become a major driver for the growth of big tech companies in the last decade. India is currently witnessing a massive growth in smartphone usage and IoT. India is also witnessing  increase in the population of users who are coming online for the first time. So regulating Big Techs strictly will leave the consumer with no other alternative. Hence, it is important to cater to the needs of people. Second, everyday life is dependent on various apps and technologies. Nowadays technology is linked with remote working and studying, public transport, shopping, telemedicine, on-demand music, and video streaming, etc. Tech giants with their presence in digital space created a monopoly in essential services. Third, the essential nature of the services provided by them. These tech giants provide Freedom of Expression to individual and also made billions of people to depend on their services. Like, Google on the internet, Amazon on e-commerce etc. Fourth, the challenge of cross-platform connectivity: Users of Facebook and Google can sign in and access services over food, grocery delivery, and various other companies. This can be used to mine the accounts of users. This creates a challenge to regulate the tech giants alone. To get a proper desired output, one need to regulate the entire ecosystem. But it is not feasible. Fifth, these companies are largely operating from different countries and especially belong to USA which leads to some times friction in diplomatic circles when it comes to regulation as happened with blackberry in past. Suggestions to regulate Big Techs: It is essential to strengthen the Competition Law. In this regard, the Competition Law Review committee has recommended the following: First, an introduction of a ‘Green Channel’: This is to enable fast-paced regulatory approvals for the vast majority of mergers and acquisitions that have no concerns regarding adverse effects on competition. Second, introducing a dedicated bench in NCLAT (National Company Law Appellate Tribunal) to hear appeals under the Competition Act. Third, opening up of CCI offices at the regional level: This will help to carry out non-adjudicatory functions and interaction with State Governments in controlling the Big Techs. Recently in the US also House of Representatives panel submitted the report of a bipartisan investigation into the working of Big Techs. They recommended, First, the Structural separations of the big techs: By breaking big tech’s companies into many smaller ones. This will reduce their undue influence over the digital market space. Second, to prohibit mergers and acquisitions : putting a “presumptive prohibition” against big tech companies. Third, companies should be prohibited from operating in an “adjacent line of business”. Conclusion Government has brought recently the new IT rules to make these Big techs more transparent and accountable with appointments of grievances and compliance officers and revoking the safe harbour provisions under section 69A of IT act if they fail to act on governments directive. This is a welcome step from past but as we have seen the issue is far more complicated with respect to freedom of speech, data mining ,competition and copyrights.Therefore the government needs to bring a comprehensive statutory act which will address all the concerns as been mooted in European union and USA.   TLP Synopsis Day 124 PDF