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Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 8th 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

[CURRENT AFFAIRS] IAS UPSC REVAMPED Current Affairs Magazine May 2024

    Archives Hello Friends, This is May 2024 of IASbaba’s REVAMPED Current Affairs Monthly Magazine. Current Affairs for UPSC Civil Services Examination is an important factor in this preparation. An effort towards making your Current Affairs for IAS UPSC Preparation qualitative. We hope you make the best use of it! This edition covers all Important current affairs issues that were in the news for the month of May 2024. Kindly leave your feedback in the comment section below on the new design and presentation of the magazine. We would love to hear from you! Download The Magazine - May 2024 Important Topics Covered In The Magazine Includes:   "Muslim Quota" Question Article 31 Group of 7 (G7) Zig Gold Water Trading Baltic Sea Oxytocin Antartica Parliament And Much More..... Download The Magazine - May 2024 To get Regular Updates from IASbaba, follow- TELEGRAM Channel – https://t.me/IASbabaOfficialAccount YOUTUBE – https://www.youtube.com/channel/UChvbVdio9Wgj7Z3nQz1Q0ZQ FACEBOOK – https://www.facebook.com/iasbaba/ Also, SUBSCRIBE to the WEBSITE Below, so that you don’t miss out on important posts! Thank You IASbaba

DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 6th July 2024

Archives (PRELIMS & MAINS Focus)   HOUSE RULES GOVERNING THE EXPUNCTION POWERS OF RAJYA SABHA CHAIRMAN, LOK SABHA SPEAKER Syllabus Prelims & Mains – Polity Context: The first special session of the 18th Lok Sabha witnessed heated discussions, with the Opposition clashing with the government. Rajya Sabha Chairman removed significant portions of Mallikarjun Kharge’s speech, Meanwhile, in the Lower House, parts of Rahul Gandhi’s remarks on the PM and the BJP were expunged from the records on the orders of Speaker. Background:- The practice of expunging remarks is a standard parliamentary procedure, but the ‘selective expunction’ by the presiding officers has become a flashpoint between the Opposition and the Centre. When are remarks expunged from parliamentary records? Parliament maintains a verbatim record of everything that is spoken and takes place during proceedings. While Article 105 of the Constitution confers certain privileges and freedom of speech in Parliament on MPs, it is subject to other provisions of the Constitution and the rules of the House. On the orders of the presiding officer, that is, the Chairman in the Upper House and the Speaker in the Lower House, words, phrases and expressions which are deemed “defamatory, indecent, unparliamentary or undignified” are deleted or expunged from records. There have been recorded instances where the scope of expunction has been broadened. The Speaker, at their discretion, has ordered the expunction of words deemed prejudicial to national interest or detrimental to maintaining friendly relations with a foreign State, derogatory to dignitaries, likely to offend national sentiments or affect the religious susceptibilities of a section of the community, likely to discredit the Army, and not in good taste or otherwise objectionable or likely to bring the House into ridicule or lower the dignity of the Chair, the House or the members. Members must withdraw objectionable remarks deemed irrelevant to the debate upon the Chair’s request and failure to comply may lead to expunction. Similarly, quoting from an unreferenced document or speaking after being asked to desist can result in an expunction. Continuous interruptions during speeches may also be expunged at the Speaker’s discretion. How do presiding officers expunge remarks? What do the rules say? The Chairman and Speaker are vested with the power to order the expunction of remarks under Rule 261, and Rule 380 and 381 of the Rules of Procedure of the Rajya Sabha and Lok Sabha, respectively. Rule 261 states, “If the Chairman is of opinion that a word or words have or have been used in debate which is or are defamatory or indecent or unparliamentary or undignified, he may in his discretion, order that such word or words be expunged from the proceedings of the Council. The Lower House has a similar provision. Rule 380 says, “If the Speaker is of the opinion that words have been used in debate which are defamatory or indecent or unparliamentary or undignified, the Speaker may, while exercising discretion, order that such words be expunged from the proceedings of the House.” The expunged portions are marked by asterisks with an explanatory footnote stating ‘expunged as ordered by the Chair.’ If the Chair directs that nothing will go on record during a member’s speech or interruption, footnote ‘not recorded’ is inserted. A comprehensive list of words and phrases is circulated to media outlets at the end of the day’s proceedings. Once expunged, these words or phrases cease to exist on the official record. Anyone who publishes them thereafter is liable to face charges for breach of privilege of the House. However, the relevance of the practice of expunging remarks has lately come into question, in a digital age where expunged content remains accessible due to the live telecast of proceedings and wider circulation of screenshots and videos on social media. Source: Hindu INTERNATIONAL MONETARY FUND : A CRITICAL VIEW Syllabus Mains – GS 2 Context: Mass protests in Kenya, in which at least 30 people were shot and killed by police, against an IMF-backed finance Bill that sought to raise taxes on essentials bring into focus, once again, the conditions the multinational lender imposes on poor countries in return for loan assistance. Background: The IMF describes itself as being governed by and accountable to its member countries. But its history and management structure tell a different story — of an organisation that has served as a tool of western elitist policy. About the Kenyan crisis In 2021, Kenya signed a four-year loan agreement with the IMF for $2.34 billion, and with another deal signed in May 2023, its loan volume rose to $3.6 billion. But IMF money for developing countries comes in tranches, and with conditions. IMF periodically reviews the country’s progress in implementing its conditions, and only if it is convinced the country is on track, does it release the next tranche of funds. As part of the 2021 loan deal, the IMF forced a COVID-battered Kenya to agree to austerity measures that would raise its revenue collection to 25% of GDP. The lender’s demands included a combination of tax hikes and budget cuts, including elimination of subsidies on fuel and electricity and cuts in spending on education and health. Government cut subsidies on maize and fuel, with the latter sparking a surge in inflation. Massive protests ensued. Nonetheless, government stayed the course on other fiscal consolidation measures, and earlier this month, government reached a staff level agreement with the IMF. It was expected to open the tap on another $976 million, provided the finance Bill — projected to raise revenues of $2.68 billion — went through. But protest has forced Kenyan president to abandon it, and now the future flow of IMF funds is in doubt. None of this, however, is new. Kenya has been through this before, as have much of Africa, whose governments often find themselves caught between the interests of their people and that of private investors and Western commercial banks, fronted by the IMF. In 1944, when the IMF was created at a conference of 44 nations in Bretton Woods, U.S., the global supremacy of American economic might was already a reality, with the rest of the world either devastated by the World War II or by colonial plunder, or both. This power dynamic got encoded into both the Bretton Woods twins — the IMF and the World Bank. For instance, the World Bank president is always an American citizen, while the IMF head is always from a European ally of the U.S. Unwritten mandate In theory, their function is to aid economic development and promote monetary cooperation and stability. But in practice, they have followed an unwritten mandate to foster the integration of former colonies into a global economic order on terms designed to serve American capital. Voting rights at the IMF don’t follow the democratic logic of one-member country-one vote but are quota-driven, based on dollar contributions. The U.S. alone has a voting share of 16.5%, while the wealthy G-7 countries together command more than 40% of the voting power. The UN Secretary-General Antonio Guterres flagged bias in the IMF framework when he said that the Bretton Woods system reflected the power relations of 1945. He also underscored how the IMF favoured the rich in the context of its distribution of Special Drawing Rights (a reserve asset), observing, “The IMF allocated $650 billion in SDRs during the pandemic. The G7 countries, with a population of 772 million people, received $280 billion. The African continent, with $1.3 billion people, received only $34 billion.” This unfairness, and the unequal relationship with the IMF, is partly why so many developing countries, from Kenya to Ghana, Zambia and Pakistan, have witnessed protests against the IMF and IMF-imposed economic policies — the infamous ‘Structural Adjustment Programs’ (SAPs). SAPs, adopted by the IMF from 1986 onwards, typically require governments to cut public spending (including on food subsidies, health and education), privatise state enterprises, reduce import duties and tariffs, and implement other measures so that the country pursues export-led growth. Impact of SAPs A 2002 World Bank-funded study by the Structural Adjustment Participatory Review International Network (SAPRIN) tracked the impact of the IMF’s SAPs. Its report highlighted four ways in which they furthered “impoverishment and marginalisation of local populations”: one, by causing the demise of domestic manufacturing sectors and loss of employment for small producers; two, agricultural, trade and mining reforms decimated small farms and poor rural communities; three, they triggered job losses, lower wages and degraded terms of employment due to privatisation, budget cuts and labour market flexibilisation measures; four, the reduced role of state in providing guaranteed access to essential services led to increase in poverty. Yet, the IMF, as the international lender of last resort, continues to impose SAP-like requirements.The erstwhile ‘SAP’ conditionalities have now morphed into generic austerity measures. Faced with a backlash , the IMF did introduce ‘social spending floors’ to protect public spending on education, health and social protection from being cut as part of its loan conditionalities. But an Oxfam analysis of 27 loan programmes negotiated with low- and middle-income countries found that “for every $1 the IMF encouraged governments to spend on public services, it has told them to cut six times more than that through austerity measures.” Source: Hindu NATIONAL MEDICAL COMMISSION Syllabus Prelims – CURRENT EVENT Context: Dr. B.N. Gangadhar appointed as Chairperson of the National Medical Commission. Background: The Appointment Committee of the Cabinet (ACC) has appointed various individuals to posts of the NMC and the autonomous boards. The appointments are for a period of four years until the appointee attains the age of 70 years or until further orders, whichever is earliest, the health ministry said. About National Medical Commission The National Medical Commission Act of 2019 establishes the National Medical Commission (NMC), which is responsible for the creation and regulation of all elements of medical education, practice, and institutions. There are four boards in the National Medical Commission Under-Graduate Medical Education Board (UGMEB)- sets norms for undergraduate courses Post-Graduate Medical Education Board (PGMEB)- sets norms for post-graduate courses Medical Assessment and Rating Board– inspects and rates the medical education institutes Ethics and Medical Registration Board– regulates professional conduct of the doctors and registers them FUNCTIONS OF NATIONAL MEDICAL COMMISSION lay down policies for maintaining a high quality and high standards in medical education and make necessary regulations in this behalf; lay down policies for regulating medical institutions, medical researches and medical professionals and make necessary regulations in this behalf; assess the requirements in healthcare, including human resources for health and healthcare infrastructure and develop a road map for meeting such requirements; promote, co-ordinate and frame guidelines and lay down policies by making necessary regulations for the proper functioning of the Commission, the Autonomous Boards and the State Medical Councils; ensure co-ordination among the Autonomous Boards; take such measures, as may be necessary, to ensure compliance by the State Medical Councils of the guidelines framed and regulations made under this Act for their effective functioning under this Act; exercise appellate jurisdiction with respect to the decisions of the Autonomous Boards; lay down policies and codes to ensure observance of professional ethics in medical profession and to promote ethical conduct during the provision of care by medical practitioners; frame guidelines for determination of fees and all other charges in respect of fifty per cent. of seats in private medical institutions and deemed to be universities which are governed under the provisions of this Act; exercise such other powers and perform such other functions as may be prescribed. Source:Money Control MUDUMALAI TIGER RESERVE (MTR) Syllabus Prelims – ENVIRONMENT Context: For the first time, a large-scale migration of Common Grass Yellow was observed during the three-day butterfly survey which concluded at the Mudumalai Tiger Reserve (MTR) recently. Background: Other highlights of the survey include the Malabar Raven, Paris Peacock, Malabar Banded Peacock, Plain Puffin, Chocolate Albatross, Tamil Yeoman (the state butterfly) and Tamil Lacewing. About Mudumalai Tiger Reserve (MTR) Mudumalai Tiger Reserve (MTR) is located in the Nilgiris District of Tamil Nadu, spread over 321 sq. km. at the tri-junction of three states, viz, Karnataka, Kerala, and Tamil Nadu. It lies on the Northeastern and Northwestern slopes of Nilgiri hills which is a part of the Western Ghats. It is part of the Nilgiris Biosphere Reserve, the first Biosphere Reserve in India. It has a common boundary with Wayanad Wildlife Sanctuary (Kerala) on the West, Bandipur Tiger Reserve (Karnataka) on the North, the Nilgiris North Division on the South and East, and Gudalur Forest Division on the South West. Ecological Significance: The reserve encompasses diverse ecosystems, including montane forests, grasslands, wetlands, and Shola forests unique to the Western Ghats. It is home to a rich variety of flora and fauna, including the Indian rock python and the mugger crocodile. Source: PIB KAVERI RIVER Syllabus Prelims – GEOGRAPHY Context: The Karnataka state government has established a nine-member committee to address the contamination of the Kaveri River. Background: This decision came after MLC Dinesh Gooligowda raised concerns about sewage, solid waste, industrial pollutants, and other contaminants negatively impacting marine life and public health in the river. The committee of experts will examine methods to halt environmental degradation caused by various pollutants, including industrial waste and sewage. About KAVERI RIVER : The Kaveri River, also known as Cauvery, is a significant river in India, flowing through the states of Karnataka and Tamil Nadu. Origin: The Kaveri River rises at Talakaveri in the Brahmagiri range of the Western Ghats, located in Kodagu district, Karnataka. The Shivanasamudra Falls Hogenakkal Falls, Chunchanakatte Falls are some of the waterfalls situated along the Kaveri River. Course: The river flows for approximately 800 kilometers before reaching its outfall into the Bay of Bengal. It reaches the sea near Poompuhar, in Mayiladuthurai district, Tamil Nadu. Tributaries: Left Bank: Harangi, Hemavati, Shimsha, Arkavati, Sarabanga, Thirumanimutharu. Right Bank: Lakshmana Tirtha, Kabini, Bhavani, Noyyal, Amaravati, Moyar. Catchment Area: The Kaveri basin covers three states and a Union Territory: Tamil Nadu: 43,868 square kilometers. Karnataka: 34,273 square kilometers. Kerala: 2,866 square kilometers. Puducherry: 148 square kilometers Dams and Reservoirs: Several dams and reservoirs manage Kaveri’s flow, including the Krishna Raja Sagara Dam, Mettur Dam, and Kabini Dam. These structures play a crucial role in water allocation and storage. Source: Business Standard HOLOGRAM TECHNOLOGY Syllabus Prelims – SCIENCE AND TECHNOLOGY Context: Japan has introduced redesigned yen banknotes incorporating advanced 3D hologram technology to enhance security measures against counterfeiting. Background: These advancements demonstrate Japan’s commitment to staying ahead in the fight against counterfeit currency. About HOLOGRAM TECHNOLOGY : Holograms are three-dimensional (3D) images created by recording light patterns that mimic how our eyes perceive objects in space. Unlike traditional photographs or flat images, holograms capture depth and parallax, making them appear lifelike and immersive. Their intricate design makes them a robust defence against counterfeiting. Applications: Visual Displays: Holographic displays for advertising, art, and entertainment. Data Storage: Holographic data storage for high-capacity storage. Microscopy: Holographic microscopy for biological imaging. Interferometry: Precise measurements in fields like metrology and engineering. Medical Imaging: Holographic techniques in medical diagnostics. Source: Hindu Practice MCQs Daily Practice MCQs Q1.) With reference to the hologram technology, consider the following: Advertising and entertainment Data storage for high-capacity storage Microscopy for biological imaging Defence against counterfeiting How many of the above are the application of the hologram technology? Only one Only two Only thee All four Q2.) Consider the following statements about National Medical Commission It is a statuary body established under the National Medical Commission Act of 2019 It is responsible for the creation and regulation of all elements of medical education, practice, and institutions. Which of the statement (s) given above is/are correct? 1 only 2 only Both 1 & 2 Neither 1 nor 2 Q3.) Consider the following rivers in India: Lakshmana Tirtha Kabini Bhavani Arkavati How many of the above-mentioned rivers are the left bank tributaries of the Kaveri River? Only one Only two Only three All four Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  6th July 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  5th July – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) –  c Q.2) – b Q.3) – c

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 6th 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 – 5th July 2024

Archives (PRELIMS & MAINS Focus)   NEED FOR AN INTERNAL SECURITY PLAN Syllabus Mains – GS 3 Context: As the 3rd NDA government has settled into seat firmly, it should now start focussing on multitude of internal security challenges. Background:- A country projects its strength at the international level in direct proportion to its internal cohesion, its ability to resolve the differences within and not have  any swamps where terrorists or extremists of any shade can breed. The government should have a well-orchestrated plan for the next five years. On internal security, the following nine points should merit serious attention: One, need of internal security doctrine: All major powers have a national security doctrine (NSD) which outlines the internal and external challenges facing the country and prescribe the policies for dealing with them. Lack of an NSD results in ad hoc responses to security challenges, especially during government transitions. Two, Internal Security Ministry: The Ministry of Home Affairs has become too large and unwieldy, causing internal security issues to be neglected. A dedicated minister for internal security within the MHA is urgently needed. Three, Jammu and Kashmir: The state is far from normal in spite of the Home Minister’s claim that terror incidents are down by 66 per cent since the abrogation of Article 370. The government must take early steps to reorganise the security grid, restore statehood to J&K and hold elections for the Assembly. Four, the Northeast: A Framework Agreement signed with the rebel Nagas in 2015 had raised hopes, but these remain unfulfilled because of the NSCN (IM)’s insistence on a separate flag and constitution. The government should meanwhile insist on rigorous implementation of the suspension of operations agreement and ensure that the rebels do not engage in extortion and forcible recruitments. Manipur has been a disaster. The Home Ministry’s formation of a multi-ethnic peace committee has not been productive;The problems of illegal migration, drug trafficking and arms smuggling would require a comprehensive approach. Five, the naxal problem: There is a consistent decline in violence and shrinkage of the geographical spread of left-wing extremism’s (LWE) influence. With Naxals on the backfoot, it is now time for the healing touch. The government should offer them the olive branch, persuade them to come to the negotiating table, address their genuine grievances, and try to mainstream them. Six, Intelligence Bureau/CBI: The two premier central police organisations, Intelligence Bureau and the CBI, require restructuring. The IB was set up through an administrative order on December 23, 1887. It is high time that it is given a statutory basis, with safeguards to prevent the misuse of intelligence to bolster the party in power. The CBI was set up through a resolution passed in 1963, and it derives the power to investigate from the Delhi Special Police Establishment Act, 1946. It is an anomalous arrangement and, as recommended in the 24th report of the parliamentary committee, “the need of the hour is to strengthen the CBI in terms of legal mandate, infrastructure and resources”. Seven, state police: There is a need for transformation of the “Ruler’s Police” that we have inherited from the British into the “People’s Police”. Robert Peel, former British prime minister, is remembered to this day for having reformed the country’s police. Eight, Central Armed Police Forces. The CAPFs with an overall strength of more than a million are beset with serious internal problems of unplanned expansion, haphazard deployment, inadequate training, falling standards of discipline, vague criteria for the selection of top officers, friction between cadre and All India Service officers, etc. Nine, technology: There is enormous scope for technological inputs into the functioning of police in the country. These inputs would act as force multipliers. Source: Indian Express NATIONAL QUANTUM MISSION Syllabus Prelims & Mains – CURRENT EVENT Context: India have done the right thing by launching a Rs 6,000 crore-worth National Quantum Mission to develop some of the most sought-after technologies for the future, but it will have to overcome a significantly large gap that currently exists between its capabilities and those of other leading countries in these areas like the U S and China, a new assessment of India’s potential in quantum technologies has revealed. Background: The assessment by Itihaasa, a non-profit, shows that India was just one among 17 countries to have a dedicated government programme to back research in quantum technologies, and one of the 12 to have committed separate investments for the purpose. But several countries were much ahead of India, not just in terms of funding for research and development but also in their current capabilities. About NATIONAL QUANTUM MISSION The Union Cabinet, approved the National Quantum Mission (NQM) on 19thApril 2023 at a total cost of Rs.6003.65 crore from 2023-24 to 2030-31, aiming to seed, nurture and scale up scientific and industrial R&D and create a vibrant & innovative ecosystem in Quantum Technology (QT). The Mission objectives include developing intermediate-scale quantum computers with 50-1000 physical qubits in 8 years, Satellite-based secure quantum communications between ground stations over a range of 2000 kilometers within India, long-distance secure quantum communications with other countries, inter-city quantum key distribution over 2000 km as well as multi-node Quantum networks with quantum memories The National Quantum Mission will also focus on: developing magnetometers with high sensitivity in atomic systems and Atomic Clocks for precision timing, communications, and navigation. It will also support the design and synthesis of quantum materials such as superconductors, novel semiconductor structures, and topological materials for the fabrication of quantum devices. Single photon sources/detectors, and entangled photon sources will also be developed for quantum communications, sensing, and metrological applications. Mission Implementation includes setting up of four Thematic Hubs (T-Hubs) in top academic and National R&D institutes in the domains: Quantum Computing Quantum Communication Quantum Sensing & Metrology Quantum Materials & Devices The hubs which will focus on generation of new knowledge through basic and applied research as well as promote R&D in areas that are mandated to them. The Mission would greatly benefit various sectors including communication, health, financial, energy with applications in drug design, space, banking, security etc. Source: Indian Express ZIKA VIRUS Syllabus Prelims – CURRENT EVENT Context: With eight cases of the mosquito-borne Zika infection being reported from Maharashtra, the Centre’s Director-General of Health Services Wednesday asked states to focus on screening pregnant women for the virus and monitor the growth of their foetuses Background: Zika is a mosquito-borne virus, similar to dengue fever, yellow fever and West Nile virus. The infection is associated with a birth defect called microcephaly, which can affect babies born to people who become infected with Zika while pregnant. What is Zika? Zika is an infectious disease caused by a virus. The virus is carried by infected mosquitoes, including the Aedes aegypti and Aedes albopictus species. The infection itself (sometimes called Zika fever) is usually mild and goes away on its own. However, the impact of the virus has most significantly been seen in pregnant women and their fetuses. How is Zika spread? Zika virus is primarily spread through the bite of infected mosquitos. If a pregnant woman is bitten by an infected mosquito, the infection can cross the placenta, infecting the fetus. The virus has also been transmitted through blood transfusion or laboratory exposure. Sexual transmission of the Zika virus can occur. Zika Virus Symptoms Only about 1 in 5 people infected with Zika will exhibit symptoms, and they will be mostly mild. The most common symptoms of Zika virus infection are: Fever Zika rash: red spots that may be flat, raised or both Arthralgia (joint pain) Conjunctivitis (red, inflamed eyes) Headache Symptoms will usually last several days to a week, and clear up on their own. It is rare for Zika virus to cause severe illness that requires hospitalization. Zika Diagnosis Zika virus infection is diagnosed by a blood test. A urine test may also be appropriate if you have recently had or currently have symptoms. There is currently no vaccine or medication available to prevent or treat Zika virus infection. Source: Indian Express NOMADIC ELEPHANT Syllabus Prelims – CURRENT EVENT Context: The 16th edition of India-Mongolia Joint Military Exercise NOMADIC ELEPHANT commenced on 3rd July. Background: Indian contingent comprising of 45 personnel is being represented by a Battalion of SIKKIM SCOUTS along with personnel from other arms and services. The Mongolian contingent is being represented by personnel from 150 Quick Reaction Force Battalion of the Mangolian Army. About NOMADIC ELEPHANT The Nomadic Elephant exercise is a bilateral military exercise conducted by the armies of India and Mongolia. The exercise is conducted annually, alternating between India and Mongolia. The purpose of the exercise is to conduct semi-conventional operations in semi-urban and mountainous terrain under the UN mandate. The aim of the Exercise is to enhance joint military capability of both sides to undertake counter insurgency operations in a Sub Conventional scenario under Chapter VII of the United Nations Mandate. The exercise will focus on operations in the semi-urban and mountainous terrain. Tactical drills during the Exercise include Response to a Terrorist Action, Establishment of a Joint Command Post, Establishment of an Intelligence & Surveillance Centre, Securing of a Helipad/ Landing Site, Small Team Insertion & Extraction, Special Heliborne Operations, Cordon & Search Operations besides Employment of Drones and Counter Drone Systems amongst others. The 16th edition of exercise is scheduled to be conducted from 03rd to 16th July 2024 in Meghalaya. The 15th edition of the exercise was held in Ulaanbaatar, Mongolia. Source: PIB BRAHMAPUTRA RIVER Syllabus Prelims – GEOGRAPHY Context: The death toll from the Assam flood crisis has risen to 56 with an estimated 16 lakh people affected across 29 districts, as water levels of Brahmaputra and its tributaries surge, official figures stated. Background: Rivers including the Brahmaputra, Digaru, and Kollong are flowing above the danger mark, submerging large areas of land in the Assam. About BRAHMAPUTRA RIVER : The Brahmaputra River is a trans-boundary river that flows through Tibet (China), Northeastern India, and Bangladesh. It originates from the Chemayungdung glacier near Mount Kailash in the Himalayas (Tibet) and is known as the Yarlung Tsangpo in Tibetan. After entering India near the village of Gelling in Arunachal Pradesh, it flows southwest through the Assam Valley as the Brahmaputra. The river crosses Assam and enters Bangladesh. In Bangladesh, the Brahmaputra River is known as the Jamuna, and when it joins the Ganga, they together form the mighty Padma River and finally drains into the Bay of Bengal. Dibang River, Lohit River, Dhansiri River, Kameng River, Manas River, Teesta River, Subansiri River are the major tributaries of River Brahmaputra. Source: Business Standard TUTICORIN PORT Syllabus Prelims – Geography Context: JSW Tuticorin Multipurpose Terminal Private Ltd., a subsidiary of JSW Infrastructure, has finalized a concession agreement with the V.O. Chidambaranar Port Authority in Tamil Nadu to develop a new cargo berth at the port. Background: This initiative aims to enhance cargo handling capabilities and leverage the rich hinterland with diverse cargo profiles, including dry bulk, coal, limestone, gypsum, rock phosphate, and copper concentrate. About TUTICORIN PORT : The V.O. Chidambaranar Port, also known as the Tuticorin Port, is one of the major ports in India. It is situated in Thoothukudi, Tamil Nadu. This artificial port was declared a major port on July 11, 1974. The port is named after V.O. Chidambaram Pillai, an eminent freedom fighter, and continues to play a crucial role in India’s maritime trade. It serves as the second-largest port in Tamil Nadu and the fourth-largest container terminal in the country. The port operates round the clock throughout the year and plays a crucial role in supporting export-import (EXIM) trade. Tamil Nadu has three major ports: V. O. Chidambaranar Port (Tuticorin) and Kamajar Port (Ennore) and Chennai Port. These ports, along with an intermediate port at Nagapattinam, play a crucial role in facilitating trade and commerce in the state. Source: Hindu Practice MCQs Daily Practice MCQs Q1.)With reference to the Brahmaputra River, consider the following statements: It is a trans-boundary river that flows through China, Bangladesh and India. It originates from the Chemayungdung glacier near Mount Kailash. Which of the statements given above is/are correct? 1 only 2 only Both 1 and 2 Neither 1 nor 2 Q2.) Consider the following Major ports in India Jawaharlal Nehru Port O. Chidambaranar Port Kamajar Port Cochin Port How many of the above-mentioned ports are located in Tamil Nadu? Only one Only two Only three All four Q3.) The Nomadic Elephant exercise is a bilateral military exercise conducted by the armies of India and Bangladesh France and China India and Mongolia Israel and Russia Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’ 5th July 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  4th July – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) –  d Q.2) – b Q.3) – b

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 5th 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 – 4th July 2024

Archives (PRELIMS & MAINS Focus)   ABHAYA MUDRA Syllabus Prelims & Mains – Art & Culture Context: In his first speech as Leader of Opposition in Lok Sabha, Rahul Gandhi on Monday invoked the abhaya mudra, the gesture of the raised open palm that is commonly understood as conveying reassurance and a freedom from fear. Background:- According to Buddhist legend, Devadatta, a cousin and a disciple of the Buddha, upon not being granted the special treatment he expected, plotted to harm the Buddha . He fed a wild elephant intoxicants and drove her on the Buddha’s path. As the disciples scattered before the charging animal, the Buddha raised his hand in the abhaya mudra. The elephant is said to have calmed down immediately, gone down on her knees, and bowed her head to the Buddha. Key takeaways In Sanskrit, the term mudra could mean a seal, mark, sign, or currency, but in the Buddhist context, it refers to “hand and arm gestures made during the course of ritual practice or depicted in images of buddhas, bodhisattvas, tantric deities, and other Buddhist images. Mudras are most commonly associated with visual depictions of the Buddha (or Buddharupa), with different gestures conveying different moods and meanings, signifying the subtle manifestations of the Buddha’s states of realisation. The earliest depictions of the Buddha in physical form date to roughly around the turn of the first millennium. Depictions started appearing in the Gandhara art from the northwestern edge of the Indian subcontinent. In the earliest depictions of Buddharupa, four mudras can be found: the abhaya mudra, or “gesture of fearlessness”; the bhumisparsha mudra, or “Earth-touching gesture”; the dharmachakra mudra, or “gesture of the wheel of dharma”; and the dhyana mudra, or “gesture of meditation”. Gesture of fearlessness The abhaya mudra is described as one typically formed with the palm of the right hand facing outward at shoulder height and the fingers pointing up. Occasionally, the index, second, or third finger touches the thumb, with the remaining fingers extended upward. In some cases, both hands may simultaneously be raised in this posture in a double abhayamudra. In Buddhist tradition, the abhaya mudra is associated with the Buddha immediately after he obtained Enlightenment, “portraying a sense of the security, serenity, and compassion that derive from enlightenment”. The gesture of fearlessness also identifies the moment when Shakyamuni (the Buddha) tamed the mad elephant, illustrating the Buddha’s ability to grant fearlessness to his followers. This is why the abhaya mudra is also seen as a “gesture of protection” or “gesture of granting refuge”. Over time, the abhaya mudra appeared in depictions of Hindu deities, and the Buddha himself was absorbed into the Hindu pantheon as the ninth avatar of the Puranic god Vishnu. As multiple traditions, practices, and cultural influences mingled in the great melting pot of the Hindu religion, manifestations were seen in art and visual depiction of gods. The abhaya mudra was seen in the depictions, most commonly of Lord Shiva, Lord Vishnu, and Lord Ganesha. Source: Indian Express CRITICAL MINERAL RECYCLING: GOVT PLANS PLI SCHEME TO BOOST CIRCULAR ECONOMY Syllabus Prelims & Mains – ECONOMY Context: The Ministry of Mines is in the initial stages of designing a Production Linked Incentive (PLI) scheme to boost the recycling of critical minerals in India. Background: This move aims to foster a circular economy and bolster domestic supply chains, following a lacklustre response to recent auctions of critical mineral blocks. Critical Minerals Critical minerals are those minerals that areessential for economic development and national security, the lack of availability of these minerals or concentration of extraction or processing in a few geographical locations may lead to supply chain vulnerabilities. The Government India has identified 30 minerals as Critical Minerals. The30 critical minerals are Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, PGE, Phosphorous, Potash, REE, Rhenium, Silicon, Strontium, Tantalum, Tellurium, Tin, Titanium, Tungsten, Vanadium, Zirconium, Selenium and Cadmium. They are elements that are the building blocks of essential modern-day technologies.These minerals are now used everywhere from making mobile phones, and computers to batteries, electric vehicles, and green technologies like solar panels and wind turbines. Based on their individual needs and strategic considerations, different countries create their own lists. Proposed PLI Scheme and its need The proposed PLI scheme aligns with policy recommendations from NITI Aayog and complements the Battery Waste Management Rules (BWMR), 2022, which mandate phased recycling of used electric vehicle (EV) lithium-ion batteries from 2026 onwards. The PLI scheme, while yet to be finalised, will target e-waste recycling– often referred to as “urban mining”– to recover critical minerals such as lithium, copper, cobalt, graphite, chromium, and silicon. These minerals are crucial for clean energy technologies like solar PV modules, wind turbines, energy storage systems, and EVs, as well as consumer electronics. Some recyclers argue the scheme should benefit only those extracting high-purity critical minerals suitable for reuse as primary inputs. Others advocate for a wider scope that includes the production of black mass, which is shredded and processed e-waste rich in minerals including lithium, manganese, cobalt, and nickel, since most Indian recyclers currently lack capacities to extract battery-grade minerals from black mass. India’s e-waste generation is poised to surge, driven by rapid growth in solar and wind energy infrastructure and EV adoption. Industry estimates project solar PV module waste to jump from 100 kilotonnes (kt) in FY23 to 340 kt by 2030. Additionally, 500 kt of EV batteries are expected to reach recycling units in the coming years. Research indicates that recycling critical minerals can significantly reduce the need for virgin ores and new mines. The need to incentivise the growth of critical mineral recycling has become all the more urgent after most critical mineral blocks offered by the Mines Ministry failed to pass the technical bids stage, which requires at least three eligible bidders. This indicates a lack of investor interest in domestic mining of critical minerals. For Your Information: The new incentives will also build on the Battery Waste Management Rules (BWMR) notified in 2022 by the Central Pollution Control Board. These rules mandate that producers of batteries containing lithium, nickel, cobalt, and lead ensure environmentally sound management of waste batteries through Extended Producer Responsibility (EPR) compliance. EPR compliance, based on the polluter pays principle, holds producers accountable for managing the waste generated by their products. Producers can meet compliance by trading credits with recyclers Source: Indian Express UNCHECKED URBAN EXPANSION Syllabus Mains – CURRENT EVENT Context: Unchecked and ill-thought-out urban expansion is the principal reason behind chronic urban flooding in Delhi, and the larger National Capital Region (NCR). Background: Last week, a spell of heavy rain brought parts of Delhi to a standstill. Streets across the city and in the larger NCR were inundated, leading to hours-long traffic block. Water-logging also led to lengthy power cuts, property damage, and loss of life. Rapidly growing city : Delhi is undergoing one of the world’s fastest urban expansions. According to data from NASA’s Earth Observatory, the geographic size of Delhi almost doubled from 1991 to 2011. Most of this expansion has occurred on the peripheries of New Delhi, with erstwhile rural areas becoming engulfed in the capital’s urban sprawl. Cities outside Delhi, but a part of the NCR — Bahadurgarh, Ghaziabad, Faridabad, Noida, and Gurugram — have also witnessed rapid urbanisation. According to the United Nations’ The World’s Cities in 2018 data booklet, Delhi will overtake Tokyo as the world’s most populous city by 2030, with an estimated population of nearly 39 million, roughly two and a half times its population in 2000. Topography and drainage Urban expansion, however, has paid little heed to Delhi’s natural topography. Topography determines drainage patterns. If one looks at Delhi’s historic cities — from Tughlakabad, Mehrauli, and Shahjahanabad to Civil Lines, New Delhi, and the Cantonment area — all were carefully selected, and built on higher ground. This allowed rainwater to drain out. But as the city has expanded, not enough thought has gone behind building with regards to the land’s drainage capacities. Thus, with high-intensity rain there is significant run-off (unconfined flow of water, which occurs when there is more water on the land’s surface than it can absorb), and existing drainage systems have been inadequate. Concrete everywhere Due to urbanisation, water cannot simply flow down the existing natural gradient. Today, much of the water gets channelised into concretised nallahs (drains), which have been turned into sewage dumps. Construction in low-lying areas only makes things worse. For instance, many nallahs from across South Delhi, as far as Chanakyapuri and R K Puram, converge at Sarai Kale Khan, a low-lying area in South East Delhi, next to the Yamuna. This is why the urban village sees intense flooding every year. Construction in Delhi’s flood plains began as early as the 1900s, when the British decided to build a railway line along the river bed. Need for water masterplan Urban planners need to come up with a “water masterplan”. There has been a consistent neglect of water as a planning resource. No comprehensive planning taking into account the city’s clean and waste water flows has been carried out in the last 70 years. This is why, for example, the new Pragati Maidan Tunnel, inaugurated in 2022, has been flooded each monsoon. Water bodies which can help manage flooding have also been systematically destroyed. According to official records, Delhi has some 1,000 water bodies. But on the ground there are not more than 400. These 600 ‘missing’ water bodies which could have managed flooding in the city have been filled up, and converted into valuable real estate. Unless we stop building in low-lying areas, de-concretise our lawns and pavements, and stop blocking the drains with solid waste, the floods won’t stop. Understanding gradients and working with the lay of the land is crucial. Source: Indian Express TALLEY WILDLIFE SANCTUARY Syllabus Prelims – ENVIRONMENT Context: Recently, a team of researchers from the Zoological Survey of India recorded the forest-dwelling frog from the Talley Wildlife Sanctuary and named it as Xenophrys apatani. Background: The discovery was made by a team of researchers from the Zoological Survey of India (ZSI) in Shillong, in collaboration with their colleagues from ZSI, Pune, and ZSI, Itanagar. About Talley Valley Talley Valley Wildlife Sanctuary is a protected area located in the Indian state of Arunachal Pradesh. The sanctuary ranges in elevation from 1,200 to 3,000 meters (3,900 to 9,800 feet) and features subtropical and temperate broadleaved and conifer forests. Notable species include the clouded leopard, Malayan giant squirrel, Indian muntjac, and Asian palm civet. Additionally, 130 bird species have been observed, including the black eagle, collared owlet, and Verditer flycatcher. The sanctuary is also home to 16 endangered plant species, such as Panax sikkimensis, Acer hookeri, and Lilium grandiflora. Xenophrys Apatani The Xenophrys apatani is a newly discovered species of horned frog found in the Tale Wildlife Sanctuary in Arunachal Pradesh, India. It has been named after the Apatani tribe, which predominantly resides in the Lower Subansiri Valley of Arunachal Pradesh. It is distributed along the Eastern Himalayan and the Indo-Burma biodiversity hot spots of the country. Source: Hindu VANUATU Syllabus Prelims – GEOGRAPHY Prelims – GEOGRAPHY Context: The government of Vanuatu will soon settle into a suite of new buildings funded by China, a move which has reignited concerns about Beijing’s reach in the South Pacific nation. Background: This initiative underscores China’s strategic interests in the Pacific islands, where it has funded major infrastructure upgrades across the archipelago, competing with Western rivals for influence. About Vanuatu : Vanuatu is an island country consisting of a chain of 13 principal and many smaller islands located in the southwestern Pacific Ocean. These islands are situated approximately east of Australia. The islands extend north-south in an irregular Y shape. The northernmost group is the Torres Islands, and southward from there, the main islands include Vanua Lava, Santa Maria (Gaua), Espiritu Santo, Aoba (Ambae), Maéwo, Pentecost, Malakula, Ambrym, Épi, Éfaté, Erromango, Tanna, and Anatom. Formerly the jointly administered Anglo-French condominium of the New Hebrides, Vanuatu achieved independence in 1980. The capital, largest city, and commercial centre is Port-Vila (Vila), on Éfaté. Source: Hindu SENNA SPECTABILIS Syllabus Prelims – ENVIRONMENT Context: The Forest Department has cleared 356.50 hectares of invasive growth that posed a threat to biodiversity conservation in Sathyamangalam Tiger Reserve (STR). Background: Senna spectabilis (Calceolaria shower), a species of the legume family, is native to South and Central America and is grown as an ornamental plant as it has bright yellow flowers. Introduced as shade trees for coffee and firewood in the country, it soon became a threat to native tree species. SENNA SPECTABILIS: Senna spectabilis is a deciduous tree native to tropical areas of America. It grows rapidly, reaching heights of 15 to 20 meters in a short period. After flowering, it distributes thousands of seeds. The tree’s thick foliage hinders the growth of indigenous trees and grass species, causing food shortages for wildlife, especially herbivores. It adversely affects native species’ germination and growth. Classified as ‘Least Concern’ on the IUCN Red List. Invasive Species: Invasive species cause ecological or economic harm in new environments where they are not native. They compete with native organisms, alter habitats, and reduce biodiversity. Source: Hindu Practice MCQs Daily Practice MCQs Q1.) Vanuatu island, recently seen in news located in Black Sea Caspian Sea Indian Ocean Pacific Ocean Q2.) Senna spectabilis, recently seen in news is Horned frog Invasive plant Rare disease Spider Q3.) Talley Valley Wildlife Sanctuary, recently seen in news located in Meghalaya Arunachal Pradesh Assam Tripura Comment the answers to the above questions in the comment section below!! ANSWERS FOR ’  4th July 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  3rd July – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) –  b Q.2) – d Q.3) – d

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 4th 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 – 3rd July 2024

Archives (PRELIMS & MAINS Focus)   SHOULD EDUCATION BE BROUGHT BACK TO THE STATE LIST? Syllabus Prelims & Mains – Polity , Education Context: With controversies erupting over the conduct of exams by National Testing agency (NTA), the question of whether education should be brought back to state list has arisen again. Background:- The NEET-UG exam has been embroiled in controversies over the award of grace marks, allegation of paper leaks and other irregularities. The government also cancelled the UGC-NET exam after it was held, while the CSIR-NET and NEET-PG exams have been postponed. Key takeaways The Government of India Act, 1935 during the British rule created a federal structure for the first time in our polity. The legislative subjects were distributed between the federal legislature (present day Union) and provinces (present day States). Education which is an important public good was kept under the provincial list. After independence, this continued and education was part of the ‘State list’ under the distribution of powers. However, during the Emergency, the Congress party constituted the Swaran Singh Committee to provide recommendations for amendments to the Constitution. One of the recommendations of this committee was to place ‘education’ in the concurrent list in order to evolve all-India policies on the subject. This was implemented through the 42nd constitutional amendment (1976) by shifting ‘education’ from the State list to the concurrent list. There was no detailed rationale that was provided for this switch and the amendment was ratified by various States without adequate debate. The Janata Party government led by Morarji Desai that came to power after Emergency passed the 44th constitutional amendment (1978) to reverse many of the controversial changes made through the 42nd amendment. One of these amendments that was passed in the Lok Sabha but not in the Rajya Sabha was to bring back ‘education’ to the State list. What are international practices? In the U.S., State and local governments set the overall educational standards, mandate standardised tests and supervise colleges and universities. The federal education department’s functions primarily include policies for financial aid, focussing on key educational issues and ensuring equal access. In Canada, education is completely managed by the provinces. In Germany, the constitution vests legislative powers for education with landers (equivalent of States). In South Africa, on the other hand, education is governed by two national departments for school and higher education. The provinces of the country have their own education departments for implementing policies of the national departments and dealing with local issues. Way forward : The arguments in favour of ‘education’ in the concurrent list include a uniform education policy, improvement in standards and synergy between Centre and States. However, considering the vast diversity of the country, a ‘one size fits all’ approach is neither feasible nor desirable. Further, as per the report on ‘Analysis of Budgeted expenditure on Education’ prepared by the Ministry of Education in 2022, out of the total revenue expenditure by education departments in our country estimated at ₹6.25 lakh crore (2020-21), 15% is spent by the Centre while 85% is spent by the States. Even if expenditure by all other departments on education and training are considered, the share works out to 24% and 76% respectively. The arguments against restoring ‘education’ to State list include corruption coupled with lack of professionalism. The recent issues surrounding the NEET and NTA have however displayed that centralisation does not necessarily mean that these issues would vanish. Considering the need for autonomy in view of the lion’s share of the expenditure being borne by the States, there needs to be a productive discussion towards moving ‘education’ back to the State list. This would enable them to frame tailor-made policies for syllabus, testing and admissions for higher education including professional courses like medicine and engineering. Regulatory mechanisms for higher education can continue to be governed by central institutions like the National Medical Commission, University Grants Commission and All India Council for Technical Education. Source: Hindu LIBERALISED REMITTANCES SCHEME (LRS) Syllabus Prelims & Mains – ECONOMY Context: Spending money overseas through credit card does not come under the liberalised remittance scheme limit yet, but it may change in the near future. As per a media report published recently, bringing credit card spend under the LRS is now on the government’s radar. Background: For the uninitiated, the finance ministry in May 2023 had brought credit card spending under the LRS limit. However, it was announced on June 28 that overseas spending using credit cards will beput on hold in order to give time to the banks to streamline their requisite IT systems. About LIBERALISED REMITTANCES SCHEME (LRS) Under the RBI’s Liberalised Remittance Scheme (LRS), all resident individuals are allowed to freely remit up to $2,50,000 in each financial year abroad for any permissible current or capital account transaction or a combination of both. This scheme was introduced on February 4, 2004, with a limit of $25,000. The LRS limit was later revised in stages consistent with prevailing macro and micro economic conditions. In case of remitter being a minor, the LRS declaration form must be countersigned by the minor’s natural guardian. The Scheme is not available to corporates, partnership firms, HUF, Trusts etc. The remittances can be made in any freely convertible foreign currency.Permanent Account Number (PAN) is mandatory for all transactions under LRS. If government includes credit card spending under the LRS, credit card usersmay have to cough up 20 percent tax collection at source (TCS). Tax collected at source is the sum collected by the seller from the buyer at the time of sale so that it can be deposited with the tax authorities. TheTCS for foreign remittances under LRS was raised to 20 percent in Budget 2023 from the earlier rate of 5 per cent. This included international travel, sending money overseas, and other remittances. This new tax ratecame into force on Oct 1, 2023 which removed the threshold of ₹7 lakh for triggering TCS on LRS. These changes, however, are not applicable in case of education and medical expenses. Additional Information The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999, (FEMA), which came into force with effect from June 1, 2000. Under FEMA, all transactions involving foreign exchange have been classified either as capital or current account transactions. Source: Livemint PROJECT NEXUS Syllabus Prelims – CURRENT EVENT Context: The Reserve Bank of India (RBI) has joined Project Nexus, a significant initiative aimed at enhancing the efficiency and security of cross-border payments. Background: By participating in this project, the RBI contributes to the development of a streamlined and resilient global payment system. About PROJECT NEXUS : Project Nexus is an initiative by the Bank for International Settlements (BIS) to develop a global platform for cross-border payments. Project Nexus is a collaborative effort between the BIS, central banks, and financial institutions to create a standardized global payment platform. Benefits: Standardization: Simplifies the way Instant Payment Systems (IPS) connect to one another. Single Connection: Allows payment system operators to reach all other countries on the network without building custom connections for each. Instant Payments: Enables cross-border payments from sender to recipient within 60 seconds in most cases. Cost Efficiency: Provides near-zero cost for sending and receiving payments. Growth Acceleration: Accelerates the growth of instant cross-border payments by leveraging existing instant payment systems. Source: Livemint PURCHASING MANAGERS' INDEX (PMI) Syllabus Prelims – ECONOMY Context: Purchasing Managers’ Index (PMI) increased to 58.3 in June. Background: Increased demand for manufactured goods led to higher production levels. This was driven by both domestic consumption and export orders. About Purchasing Managers’ Index (PMI) The Purchasing Managers’ Index (PMI) is a survey-based measure of current and future business conditions that asks respondents about changes in their perception of key business variables compared to the previous month. The PMI is usually released at the start of every month. It is, therefore, considered a good leading indicator of economic activity. The PMI is calculated separately for the manufacturing and services sectors. The PMI ranges from 0 to 100: Above 50 indicates expansion. Below 50 indicates contraction. A reading at 50 signifies no change. Purpose: PMI provides early insights into economic trends. It helps decision-makers, analysts, and investors make informed choices ahead of official data releases. Source: Hindustantimes MARS ODYSSEY Syllabus Prelims – SCIENCE & TECHNOLOGY Context: NASA has recently captured an epic view of the largest volcano in our solar system named Olympus Mons using the Mars Odyssey orbiter. Background: By capturing such images at different times during the year, scientists can study how the Martian atmosphere changes over the planet’s four seasons. This data helps us understand the dynamics of Mars’ climate and weather patterns. About MARS ODYSSEY : Mars Odyssey is a NASA spacecraft that embarked on a mission to explore Mars. Mars Odyssey was launched on April 7, 2001 from Cape Canaveral Air Force Station, Florida. Its primary goal was to map the chemical elements and minerals that constitute the Martian surface. By doing so, it created the first global map of Mars, providing valuable insights into its composition. Mars Odyssey holds the record for the longest continually active mission in orbit around a planet other than Earth. It successfully completed its primary science mission from February 2002 through August 2004. The main mission of the Mars Odyssey was to: Detect water and ice Study the geology of Mars Study the radiation environment of Mars Search for evidence of past or present life on Mars Act as a communication relay for future Mars missions Source: Money Control World Drug Report 2024 Syllabus Mains – GS 2 Context: The World Drug Report 2024 was released by the United Nations Office on Drugs and Crime (UNODC). Background: The emergence of new synthetic opioids and a record supply and demand of other drugs has compounded the impacts of the world drug problem, leading to a rise in drug use disorders and environmental harms, according to the World Drug Report 2024 Key Highlights of the World Drug Report 2024: The number of drug users worldwide reached 292 million which resulted in a 20% increase over the past decade. Cannabis is the most popular drug used by 228 million users. It is followed by Opioids, Amphetamines, Cocaine, and Ecstasy. It warns about a new class of synthetic opioids called nitazenes which is more potent than fentanyl. There is a treatment gap as only one in eleven gets treatment who are suffering from drug use disorders. There is a gender disparity in treatment access as only one in 18 women with drug use disorders receive treatment, compared to one in seven men. According to data from the Narcotics Control Bureau (NCB), there are currently around 100 million people in India addicted to various narcotic substances. World Drug Day 2024: It is also known as International Day Against Drug Abuse and Illicit Trafficking and is observed every year on the 26th of June. It was established in December 1987 by the United Nations General Assembly to raise awareness about the global fight against drug abuse and illicit drug trafficking. The theme for 2024 was “The evidence is clear: invest in prevention”. Source: UNODC Practice MCQs Daily Practice MCQs Q1.) The Mars Odyssey, recently seen in news is launched by ISRO NASA ESA JAXA Q2.) Consider the following statements: With reference to the Purchasing Managers’ Index (PMI), consider the following statements: The PMI is a survey-based measure of current and future business conditions. It is usually released at the start of every month. It is calculated separately for the manufacturing and services sectors. Which of the statements given above is/are correct? 1 only 1 and 2 only 2 and 3 only 1,2 and 3 Q3.) With reference to the Project Nexus, consider the following statements: Project Nexus is an initiative by the Bank for International Settlements (BIS) Project Nexus aimed at enhancing the efficiency and security of cross-border payments. Which of the statements given above is/are not 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 ’  3rd July 2024 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st ANSWERS FOR  2nd July – Daily Practice MCQs Answers- Daily Practice MCQs Q.1) –  c Q.2) – c Q.3) – c

Daily Prelims CA Quiz

UPSC Quiz – 2024 : IASbaba’s Daily Current Affairs Quiz 3rd 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