Abhyaas Newsboard March 2024
Abhyaas Newsboard March 2024
Abhyaas Newsboard March 2024
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March-2024
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1. Aim– The Bill aimed to change various sections of the Karnataka Hindu Religious Institutions and
Charitable Endowments Act, 1997.
2.Gross Vs Net income of temples– The main point of contention was the proposal to allocate “10% of the
gross income of institutions earning over Rs 1 crore annually” to a common pool for temple maintenance,
rather than the current rule of “10% of the net income of institutions earning over Rs 10 lakh annually”
3.Note– Net income is what remains after deducting expenses from the temple’s earnings, while gross
income represents the total amount of money the temple earns.
Additionally, the Bill allocated 5% of the earnings of institutions making between Rs 10 lakh and Rs 1
crore to the common pool, altering the prior income range from Rs 5 lakh to Rs 10 lakh.
4. Impact– If the recent changes had been approved, they would have resulted in an additional Rs 60 crore
from 87 temples earning over Rs 1 crore and 311 temples earning over Rs 10 lakh.
5. Accusation– The opposition party has accused the current Karnataka government of trying to “steal”
from temples and questioned why only Hindu temples were singled out.
6. Counter– However, the government counters by stating that the increased funds would be used to
support poorer temples, provide benefits to sick priests, and offer scholarships for the children of priests’
families.
How do other states manage temple income?
Kerala:
a. In Kerala temples are often managed by state-run Devaswom (temple) Boards.
b. These boards are managed by government-appointed nominees, many of whom are politicians.
c. Each Devaswom Board receives a budget from the state government and is not obliged to disclose
revenue figures.
Administrative control
o Presently, it is under the administrative control of the Department of Revenue (Ministry of
Finance) for operational purposes.
Functions
ED is responsible for enforcement of the Foreign Exchange Management Act, 1999
(FEMA), and certain provisions under the PMLA.
ED has the power to attach the asset of the culprits found guilty of the violation of FEMA.
Appointment of Director of ED
o The ED Director is appointed by the central government on the recommendation of a
committee:
o chaired by the Central Vigilance Commissioner and members of Vigilance Commissioners,
Home Secretary, Secretary DOPT and Revenue Secretary.
About
o Also known as the new liquor policy, the Delhi Excise Policy 2021-22 was implemented on
November 17, 2021.
o It changed how liquor was sold in the city — with the government withdrawing from the
business and allowing only private operators to run liquor shops.
o The main aim was to improve customer experience and stop black marketing.
o However, after the whole controversy around the new excise policy, Delhi reverted to the
old excise regime.
Key features of the Delhi Excise Policy 2021-22
o Under the new policy, the city was divided into 32 zones inviting firms to bid on the zones.
Instead of individual licenses, bidding was done zone-by-zone.
o Also, licenses for 849 retail vends were issued through open bidding by the Excise
department.
o Under the old liquor policy, Delhi had 864 liquor shops, including 475 run by the four
government agencies, and 389 were private.
o For the first time, shops were allowed to offer discounts to retail customers and reduced the
number of dry days to three from 21.
o The new policy also had a provision for home delivery of liquor. It even proposed lowering
the drinking age from 25 to 21.
o It also suggested the opening of shops till 3 am. However, these were not implemented.
o The controversy surrounding Delhi Excise Policy 2021-22
o Before the implementation, the policy had first to be examined by the Chief Secretary (CS)
of Delhi.
o The CS allegedly found procedural lapses and irregularities in the new policy.
Allegations made in the report
o oIn the report, Delhi Deputy CM Sisodia, who heads the excise department, was accused of
making changes to the excise policy without the approval of the L-G.
o The report said arbitrary and unilateral decisions taken by then Delhi Deputy CM had
resulted in financial losses to the exchequer, estimated at more than Rs 580 crore.
o It alleged that kickbacks were received by the Delhi government and its leaders from
owners and operators of alcohol businesses for preferential treatment.
o These kickbacks were used to influence the Assembly elections held in Punjab and Goa in
early 2022.
o
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March-2024
Matter referred to CBI
o This report was referred to the CBI, and which led to the arrest of the then Delhi Dy CM
Manish Sisodia.
o 14 others were also accused in its FIR, including AAP communications in-charge Vijay
Nair.
o ED Comes into picture
o Two cases, one by CBI and one on alleged money laundering being investigated by ED,
have been registered in relation to the excise policy.
o The ED told a court that the alleged proceeds of crime amounted to more than Rs 292
crore, and that it was necessary to establish the modus operandi.
o It alleged that the “scam” was to give the wholesale liquor business to private entities and
fix a 12% margin, for a 6% kickback.
o It also alleged that AAP leaders received kickbacks to the tune of Rs 100 crore from a
group of individuals identified as the South Group.
About Penicillin G
1) It is a medication used to manage and treat a wide range of infections. This is very effective against
gram-positive and gram-negative cocci bacterial infections. For Ex- Susceptible bacterial infections in the
stomach.
2) It is the active pharmaceutical ingredient (API) used in manufacturing several common antibiotics.
NOTE– After the PLI scheme, there has been a decline in the imports of APIs.
Core Loading
About
o In a nuclear reactor, core loading is the process of loading nuclear fuel assemblies into the
reactor core.
o The fuel assemblies comprise fuel rods that contain fissile material, such as enriched
uranium or plutonium, which undergoes nuclear fission to produce heat.
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March-2024
o And a fast breeder reactor is a type of nuclear reactor that is designed to produce more
fissile material (such as Plutonium-239) than it consumes during operation.
o It achieves this by using fast neutrons to convert non-fissile isotopes (such as Uranium-
238) into fissile isotopes (such as Plutonium-239).
o This process is known as "breeding" because it creates more fissile material than is initially
loaded into the reactor.
Significance
o PFBR is considered a precursor to future fast breeder reactors (FBRs).
o After the core loading is completed, the Kalpakkam PFBR reactor will undergo the first
approach to criticality, leading to power generation.
o Once it becomes operational, India will be only the second country after Russia to have a
commercial operating fast breeder reactor.
o The latest development symbolizes India’s entry into the crucial second stage of the
country’s three-stage nuclear programme.
Key Highlights
The central government and Gujarat government are jointly implementing the Gandhi Ashram
Memorial and Precinct Development Project.
The redevelopment and restoration plan is based on an aerial picture from 1949 of the ashram and
on the ashram’s documented bills.
A ‘Mohan to Mahatma Park’, an arboretum on the way to have trees from “all states and Union
Territories”, a herbal garden shaped in the famous pose of Gandhi walking together with his group
of workers , a meditation hall, and a ‘dhyan kendra’: those had been proposed.
Sabarmati Ashram: In 1917, Gandhiji founded the ashram at Sabarmati — his fourth ashram —
on the western bank of the Sabarmati River.
The place was to the north of the village of Juna Vadaj, beyond the Chandrabhaga rivulet, a
tributary of the Sabarmati.
Time Spent in Ashram: Gandhi spent the maximum time here, and it was the cradle of eight
major movements related to India’s war for independence.
Movements Launched: Apart from the Dandi March that Gandhiji began from here on March 12,
1930, he also launched the Champaran Satyagraha (1917), the Ahmedabad mills strike and Kheda
Satyagraha (1918), the Khadi movement (1918), the Rowlatt Act and Khilafat Movements (1919), and the
Non-Cooperation movement (1920) while living in Sabarmati.
Finland has once again claimed the title of the world's happiest country for the seventh consecutive year,
according to the annual UN-sponsored World Happiness Report released recently.
Mukesh Ambani is in the tenth position with a wealth of $115 billion and Gautam Adani is in the
15th position with a wealth of $86 billion, according to UK based Hurun.
At 52, Elon Musk (US $231 billion) reclaimed the title of the richest person in the world for the
third time in four years, propelled by a surge in Tesla’s stock. Simultaneously, SpaceX, Musk’s
aerospace venture, saw its valuation hit new heights on the back of successful launches, satellite
internet ventures, and lucrative government contracts.
Jeff Bezos, 60, rose to the second position with US$ 185 billion, as his wealth grew 57 per cent
this year, driven primarily by Amazon’s cloud computing, winning market share and making up
for all his losses last year.
The biggest gainers of the year were Mark Zuckerberg, adding US$ 90 billion, and Elon Musk
adding US$ 74 billion. Jensen Huang of Nvidia saw his wealth double to US$ 48 billion and a
place in the Hurun Top 30.
Despite losing 155 billionaires, China is still the world capital for billionaires with as many as 814.
The USA was just behind with 800 billionaires, adding 109. Between themselves, China and the
USA — the ‘Big Two’ — have 49 per cent of the known billionaires on the planet, down 4 per
cent, says the Hurun Rich List.
The 2024 Hurun Global Rich List underscores India’s ascension as a future economic titan, poised to
secure its place as the world’s third-largest economy. Surpassing all but the United States, India’s
unprecedented billionaire boom propels Mumbai past Beijing, crowning it as Asia’s billionaire epicenter,”
said said Anas Rahman Junaid – Founder and Chief Researcher, Hurun India
The USA had a strong year on this latest Hurun Global Rich List, with its 800 entrants contributing a
notable 37% of the overall wealth of the list. Adding 132 new faces, the American landscape continues to
showcase entrepreneurial dynamism.
1) Since 2015, there has been a decline of 16% in TB incidence (new cases emerging each year) and an
18% reduction in mortality due to TB.
2) The incidence rate in India has fallen from 237 per lakh population in 2015 to 199 per lakh population
in 2022, while the mortality rate has declined from 28 per lakh population in 2015 to 23 per lakh
population in 2022.
3) Nearly 32% of TB notifications in 2023 came from the private health care sector, which is an increase
of 17% from the previous year.
4) While the overall notification of TB cases has improved by over 50% in the last nine years on an annual
basis, Uttar Pradesh saw the highest jump in notifications (by 21% compared to the previous year)
followed by Bihar (15%).
About Tuberculosis
1) Tuberculosis (TB) is an infectious disease that most often affects the lungs and is caused by a
Mycobacterium tuberculosis bacterium.
8. Economy
1. India,South Africa block investment deal at WTO
Why in the news?
India and South Africa objected to including the China-inspired Investment Facilitation for Development
(IFD) pact in the agenda of the 13th Ministerial Conference (MC13) of the World Trade Organization
(WTO).
The IFD, backed by 123 countries, aims to facilitate investment for development, but it has not been
ratified by all participating nations.
About the Debate on IFD:
India raised doubts about IFD’s classification as a trade agreement.Concerns were expressed regarding its
effectiveness in addressing developmental issues. The block mirrors ongoing debates within the WTO on
balancing investment facilitation with developmental goals.
About WTO?
The WTO is the primary global organization governing trade rules among nations.
It operates based on agreements negotiated and ratified by most trading nations.
With 164 members and 23 observer governments, it oversees international trade regulations and
agreements.
The WTO’s 13th Ministerial Conference (MC13) convened from February 26 to 29, 2024, in Abu
Dhabi, UAE, addressing global trade policies.
Details:
The 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) took place in
Abu Dhabi, starting on February 26 and concluding on February 29.
Investment Facilitation for Development (IFD) Agreement:
The IFD Initiative was initiated in the spring of 2017 by developing and least-developed WTO
members.
Its goal is to create a global agreement to enhance the investment and business climate, facilitating
easier investment, daily business operations, and expansion for investors across all economic
sectors.
o The agreement is plurilateral, based on the most-favoured-nation principle, and is open for
all WTO members to join. Plurilateral agreements are binding only on the WTO members
that accept them.
Over 120 countries supported the IFD agreement, aiming to integrate it into the WTO to improve
the investment and business climate.
The agreement, advocated by a China-led group, sought to be made binding through Annexure-4
of the WTO.
Opposition by India and South Africa
o India and South Africa formally opposed the IFD agreement’s consideration at MC13,
labeling it a non-trade issue outside the WTO’s framework.
o India argued that investment-related issues do not fall under the WTO’s jurisdiction,
emphasizing that the Marrakesh Agreement requires explicit consensus for adopting new
plurilateral agreements.
Consensus and Attempts to Persuade
India on Sunday (March 10) signed a trade agreement with the four-nation European Free Trade
Association (EFTA), an intergovernmental grouping of Iceland, Liechtenstein, Norway and Switzerland.
The deal brings in $100 billion in investment over 15 years, with the EFTA looking at joint ventures that
will help India diversify imports away from China.
India is negotiating with the ten-member ASEAN for greater market access for its goods, more flexibility
in determining origin of products through product-specific rules and redressal of non-tariff barriers. This
comes as part of the India-ASEAN FTA review initiated by New Delhi to address its growing trade deficit
with the bloc.
a) There has been an increase in female labor market participation rates since 2019, especially in rural
areas.
b) There has also been a gradual shift in the workforce from agricultural to non-farm sectors.
c) There has been predominance of self-employment and casual employment, with nearly 82% of workers
in the informal sector.
d) A modest rise in the wages of casual laborers between 2012 and 2022 has been observed while real
wages for regular workers have stagnated or declined.
e) India is expected to have a migration rate of around 40 per cent in 2030 and will have an urban
population of around 607 million.
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