UPSC Daily Current Affairs 01 January 2025
UPSC Daily Current Affairs 01 January 2025
AFFAIRS (DCA)
Time: 45 Min Date: 01-01-2025
Table of Content
One Nation One Subscription: Empowering India's Research Ecosystem
Quad Renews Pledge Towards Working for Free-Stable Indo-Pacific
India’s Legal Reforms in 2024
RBI's Financial Stability Report Flags Rising NPAs, Global Economic Risks
Need for Mastering Frontier Technologies in Defence
NEWS IN SHORT
Digital Maha Kumbh
Trinidad and Tobago
Dr. Pierre-Sylvain Filliozat
Vembanad Lake
Tobacco Board of India
Neutrinos (Ghost Particles)
Belly-landing
Google Willow Chip
New Glenn Rocket
India’s First Glass Bridge Over Sea
www.nextias.com
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Challenges
• Administrative Complexity: Coordinating access
for 6,300 institutions with diverse needs may
pose significant logistical and administrative
challenges.
• Digital Divide: Effective utilization of digital
resources may be hindered by infrastructure
gaps in tier-2 and tier-3 cities, such as unreliable
internet connectivity or lack of digital literacy.
• Limited Scope: The scheme covers only select
international journals, and many researchers
might still require access to resources not
included in Phase I.
• Sustainability: Long-term funding for such a large-
scale initiative requires careful planning to ensure
• Funding: A `6,000 crore budget has been
it remains viable without compromising quality.
allocated for the scheme's first phase (2025–2027).
• Monitoring and Evaluation: Measuring the actual
• Phase I (2025–2027): Establish the framework,
impact of the initiative on research output and
provide access to research materials, and
innovation can be challenging.
negotiate Article Processing Charges (APCs) for
Indian researchers. • Dependency on Global Publishers: Heavily relying
on foreign publishers may limit India's leverage in
Benefits negotiations and could lead to higher costs over
• Democratization of Knowledge: Provides equitable time.
access to international research resources
across tier-2 and tier-3 cities, addressing regional Way Ahead
disparities in research opportunities. • Strengthen Infrastructure: Improve digital
connectivity and provide training in digital
• Boosts Research Quality: Access to high-quality
resource usage for institutions in remote areas.
journals enhances research capabilities, enabling
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• Phase Expansion: Gradually expand ONOS to countries joined together to provide humanitarian
include more journals, databases, and even and disaster assistance to the affected region.
regional or Indian language resources to broaden It was formalized by former Japanese Prime
access.
Minister Shinzo Abe in 2007, but then fell
• Promote Open Access: Encourage Indian dormant.
researchers to utilize Open Access (OA) • After a decade it was resurrected in 2017,
platforms and build national repositories for reflecting changing attitudes in the region toward
sharing research outputs freely. China's growing influence.
• Enhance Negotiation Leverage: Collaborate with
Strategic Significance of Quad
other nations to negotiate better terms with
publishers, including lower APCs and subscription • Act East policy: India’s participation in the Quad
costs. emphasizing deeper engagement with East Asian
nations and strengthening maritime security
• Focus on Research Outputs: Develop metrics to
cooperation.
assess the impact of ONOS on research quality,
innovation, and India’s global rankings in R&D. • Military cooperation: It provides a platform for
military cooperation, intelligence sharing, and
• Support Regional Institutions: Provide additional
joint exercises aimed at maintaining maritime
resources for smaller or less-resourced institutions
security and ensuring the rule of law.
to make full use of ONOS benefits.
• Counterbalancing China’s Influence: QUAD is
• Public Awareness and Training: Launch awareness
crucial for India’s interests in safeguarding its
campaigns and workshops for researchers,
maritime trade routes and ensuring freedom of
faculty, and students on maximizing the use of
ONOS resources. navigation in international waters.
• India has supported a rule-based multipolar world
and QUAD can help it in achieving its ambition of
QUAD RENEWS PLEDGE TOWARDS becoming a regional superpower.
WORKING FOR FREE-STABLE INDO-
Challenges Faced by the Quad
PACIFIC
• Divergent Priorities: Each Quad nation has unique
Context geopolitical and economic interests, leading to
• The Quad nations reaffirmed their commitment to differences in prioritizing specific issues, such as
a free, open, and stable Indo-Pacific region in a trade, military cooperation, or climate change.
joint statement commemorating 20 years of Quad • Quad perception of an anti-China alliance
cooperation. complicates relations with other nations in the
Highlights of the Joint Statement Indo-Pacific that have significant economic ties
with China.
• The Quad reiterated its unwavering support
for the centrality and unity of the Association of • Quad lacks a formal structure or secretariat,
Southeast Asian Nations (ASEAN). making long-term planning and implementation
of initiatives challenging.
The members endorsed the implementation of
the ASEAN Outlook on the Indo-Pacific (AOIP) • Navigating Regional Dynamics: ASEAN nations
as a framework for regional cooperation. have expressed concerns about the Quad
• Humanitarian Assistance and Disaster Relief overshadowing their centrality in Indo-Pacific
(HADR): The members emphasized their ongoing security architecture.
efforts in 2024 to support disaster preparedness Way Ahead
and provide rapid, life-saving relief during crises
• With India set to host the Quad Summit in 2025,
across the Indo-Pacific region.
the group’s renewed commitment and initiatives
Quadrilateral Security Dialogue (QUAD) reflect its vision of an inclusive, prosperous, and
• It is an informal multilateral grouping of India, the stable Indo-Pacific.
U.S., Australia, and Japan aimed at cooperation for • Further clear communication about Quad’s
a free and open Indo-Pacific region. objectives are necessary to address concerns
• Origin: The Quad began as a loose partnership regarding its anti-China perception and ensure
after the 2004 Indian Ocean tsunami when the four broader acceptance in the Indo-Pacific.
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• Government Finance: The central government’s technological disruptions in financial services are
debt-to-GDP ratio is expected to decrease from highlighted as areas requiring close monitoring
62.7% in 2020-21 to 56.8% by 2024-25. and robust regulatory frameworks.
Similarly, states’ outstanding liabilities are • Climate Change: Extreme weather events and the
projected to decline from 31% to 28.8%. transition to a low-carbon economy could have
• Economic Growth Projections: The report projects significant implications for financial institutions
that the Indian economy will expand by 6.6% and the broader economy.
in FY25 (2024-25), driven by a revival in rural
Financial Stability and Development Council
consumption, increased government spending, and
(FSDC)
strong services exports.
• Established: In 2010 as a non-statutory apex-
• Rising Non-Performing Assets (NPAs): The report level body by the Government of India.
indicates a potential rise in the share of bad loans
• Aim: Strengthening and institutionalizing the
among commercial banks.
mechanism for maintaining financial stability
Under baseline stress scenarios, the Gross and promoting financial sector development.
Non-performing Asset (GNPA) ratio could
• Members: Union Finance Minister
increase from 2.6% in September 2024 to 3%
(Chairperson)
by March 2026.
Heads of Financial Sector Regulators
• Domestic Financial Stability: Despite global
uncertainties, the Indian financial system remains (RBI, SEBI, PFRDA, IRDA & FMC); Finance
robust. Secretary and Chief Economic Adviser
etc.
The soundness of Scheduled Commercial
It can invite experts to its meeting if
Banks (SCBs) is supported by strong
required.
profitability, and adequate capital and
• Functions: Monitors and addresses systemic
liquidity buffers.
risks in the financial sector.
The return on assets (RoA) and return on equity
(RoE) for banks are at decadal highs. Enhances the growth and efficiency of the
financial sector.
• Sectoral Insights: The FSR highlights concerns
in specific sectors, such as microfinance and Facilitates coordination among financial
consumer credit, which require close monitoring. sector regulators to resolve inter-
regulatory issues.
• Insurance Sector: It maintains a robust solvency
ratio, indicating its stability. Strengthens mechanisms for dealing with
financial crises.
Key Concerns Highlighted in the FSR of RBI
• High Public Debt: Although the Union government’s
NEED FOR MASTERING FRONTIER
debt-to-GDP ratio is expected to decrease from
its pandemic peak, it remains a concern for long- TECHNOLOGIES IN DEFENCE
term fiscal sustainability. Context
• Global Economic Vulnerabilities: These include • Defence Minister of India, Rajnath Singh,
stretched asset valuations, high public debt, prolonged addressing officers at the Army War College
geopolitical conflicts, and emerging technological (AWC), Mhow, highlighted the significance
risks. of mastering frontier technologies in today’s
These factors pose medium-term risks to dynamic world.
global financial stability. What are Frontier technologies?
• Geopolitical Conflicts: Prolonged geopolitical • Frontier technologies are cutting-edge,
conflicts can disrupt global supply chains, affect transformative innovations at the forefront of
commodity prices, and lead to financial market technological development.
volatility, all of which can have adverse effects on
• They involve a high degree of innovation and are
the Indian economy.
characterized by their ability to disrupt traditional
• Emerging Technological Risks: Cybersecurity processes, improve efficiency, and solve complex
threats, data privacy issues, and the potential for challenges.
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Manages FCV tobacco production and • A belly landing, also sometimes called a gear-up
distribution to meet domestic and export landing, happens when a plane lands without its
demands. landing gear extended. This means the plane's
underside, or fuselage, makes contact with the
Maintains quality standards and supports
runway instead of the wheels.
farmers in meeting export requirements.
• Belly-landings are rare and typically used in
NEUTRINOS (GHOST PARTICLES) emergencies when:
The landing gear fails to deploy.
Context
Pilots opt for it due to safer stopping options
• Scientists are using two telescopes, part of the
Cubic Kilometre Neutrino Telescope (KM3NeT), without wheels.
to detect high-energy neutrinos, beneath the • Risks of Belly-Landing:
Mediterranean Sea. Increased friction generates sparks,
What are Neutrinos? potentially causing fire.
• Neutrinos, discovered in 1959, are tiny, electrically Wings being close to the ground require
neutral subatomic particles, similar to electrons. precise alignment; any tilt could result in
• They are the second most abundant particles in catastrophic damage.
the universe after photons.
They rarely interact with matter, earning them GOOGLE WILLOW CHIP
the nickname "ghost particles." In News
• Neutrinos pass through vast amounts of matter, • Google launched its latest quantum processor
with billions passing through a cubic centimeter named 'Willow,' which created significant
of space every second. achievement in the potential of quantum
Challenges in Detection computers to tackle practical problems.
• Neutrinos are extremely difficult to detect due to About Willow
their minimal interactions with matter. • Willow has 105 physical qubits and operates at
• Only a few neutrino interactions are detected extremely low temperatures.
even in large detectors.
• It boasts better error correction and faster
Cubic Kilometre Neutrino Telescope (KM3NeT) performance than other quantum computers.
KM3NeT • Operates at near absolute zero temperatures
• The KM3NeT is an underwater neutrino (-273.15° C) for maximum stability.
telescope deployed under the Mediterranean • The coherence time of Willow's data qubits is
Sea. about 100 microseconds, improved by error
• It aims to detect high-energy neutrinos by correction protocols.
observing flashes of Cherenkov radiation (light
• Willow's architecture allows for lower error rates
produced when neutrinos interact with water or
with more qubits.
ice molecules).
• Google tested Willow using Random Circuit
• The dark, transparent depths of the sea
Sampling (RCS), a computationally hard task,
provide ideal conditions for detecting these
which Willow completed in a few minutes,
interactions, as they allow for the detection of
outperforming classical computers by a massive
Cherenkov radiation.
margin.
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