29 Jun 2023: UPSC Exam Comprehensive News Analysis

CNA 29 June 2023:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
INTERNATIONAL RELATIONS
1. Days after ‘Black Saturday’, Russians take stock
C. GS 3 Related
SCIENCE AND TECHNOLOGY
1. Euclid set to launch next week in quest for dark energy
D. GS 4 Related
E. Editorials
EDUCATION
1. Rankings, and the Realities of higher education
F. Prelims Facts
1. Biofertilizer scheme gets Central govt.’s green light
2. Centre plans ‘market’ scheme to promote sustainable living
3. Cabinet clears NRF Bill to offer strategic direction to research
4. Indian economy resilient despite global risks: RBI
G. Tidbits
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

F. Prelims Facts

1. Biofertilizer scheme gets Central govt.’s green light

Syllabus: GS-3, Agriculture, Issues related to direct and indirect farm subsidies, Conservation and environmental pollution

Context:

The Cabinet Committee on Economic Affairs (CCEA) approved the PM-­PRANAM or PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth scheme.

Details:

  • The PM-PRANAM scheme was proposed in the 2023-24 union budget
  • The scheme aims to promote the use of nutrient-based biofertilizers for sustainable agriculture. 
  • It seeks to save soil fertility, reduce reliance on chemical fertilizers, and encourage balanced fertilizer usage.
  • This is an incentive-based scheme which involves active participation from state governments.
  • States that adopt alternative fertilizers will be incentivized through subsidies saved from the reduction of chemical fertilizer usage.
  • For example, suppose a state reduces its consumption of conventional fertilizers by three lakh tonnes using green fertilizers, resulting in a subsidy saving of Rs. 3,000 crores; so, for the efforts, the central government will incentivise the state by providing 50% of that subsidy savings.
  • Continuation of existing Urea Subsidy Scheme: The urea subsidy scheme will continue, ensuring a consistent supply of urea to farmers at an affordable price, ensuring that farmers have access to essential nutrients for their crops without financial burden.
  • Market Development Assistance (MDA) for Organic Fertilizers: The PM-PRANAM scheme includes an allocation of Rs. 1,451.84 crores for Market Development Assistance (MDA). 
    • MDA aims to promote organic fertilizers derived from Gobardhan plants, which produce fermented organic manures (FOM), liquid FOM, and phosphate-rich organic manures (PROM) as by-products from biogas plants and compressed biogas (CBG) plants.
  • Use of Eco-Friendly Option of Urea i.e. Nano Urea Production: The use of nano urea, a more efficient and eco-friendly form of urea, has increased in the country. By 2025-26, eight nano urea plants with a production capacity of 44 crore bottles will be commissioned. Nano urea technology enhances nutrient absorption by crops and reduces nitrogen losses, resulting in increased productivity and cost savings.
    • This initiative supports natural/organic farming practices and contributes to rejuvenating soil productivity.

2. Centre plans ‘market’ scheme to promote sustainable living

Syllabus: GS-3, Environment & Ecology; Conservation, environmental pollution and degradation

Context: The Indian government’s Environment Ministry has brought a draft notification of the proposed ‘Green Credit Scheme’ aimed at incentivizing environmental actions and promoting sustainable living.

Details:

  • The scheme has provisions to generate ‘green credits’ for individuals and organizations for their activities such as afforestation, water conservation, waste management, and addressing air pollution. 
  • These credits can be traded for monetary value. This is a market-based approach to encourage voluntary environmental actions and drive sustainable practices.
  • The scheme aims to incentivize individuals, communities, and private sector entities to actively engage in environmentally beneficial activity.
  • Eligible Activities for Green Credits: The draft notification identifies eight sectors or activities that qualify for generating green credits. 
  • These are broadly covered in the following:
    • Tree plantation-based credits: Promoting the expansion of green cover through tree plantation and related initiatives.
    • Water-based credits: Encouraging water conservation, water harvesting, efficient water use, and wastewater treatment and reuse.
    • Sustainable agriculture-based credits: Supporting natural and regenerative agricultural practices, land restoration, and improving soil health and nutritional value of food produced.
    • Waste management-based credits: Promoting sustainable waste management practices and driving improvements in waste disposal methods.
  • The scheme will contribute to mitigating environmental challenges, such as deforestation, water scarcity, soil degradation, and pollution.
  • It seeks to create a balance between ecological conservation and economic development by encouraging the private sector to participate actively.
  • This type of model is operational in many countries but what makes this scheme unique is the wide range of activities covered in it giving scope for everyone’s participation.

3. Cabinet clears NRF Bill to offer strategic direction to research

Syllabus: GS 2- Government policies and interventions for development of various sectors.

Context:

The Union Cabinet has granted its approval for the National Research Foundation (NRF) Bill, 2023, aiming to establish the NRF as the apex body for scientific research in India. This move comes in alignment with the National Education Policy (NEP). With this, it is expected to provide strategic direction to scientific endeavours in the country. 

Details:

  • Establishment of the National Research Foundation: The NRF Bill has been approved by the Union Cabinet, setting the stage for the establishment of the NRF as the apex body for scientific research in India.
  • The NRF will play a crucial role in providing high-level strategic direction and coordinating scientific research efforts across the country.
  • The NRF will operate under the administrative oversight of the Department of Science and Technology (DST). 
  • The bill is intended to ensure equitable funding and participation.
  • Governance Structure:
    • Board: The NRF will be governed by a board of eminent researchers and professionals from various scientific fields. The Prime Minister is the ex-officio president. Union Ministers of Science and Technology and Education will serve as ex-officio vice presidents.
    • Executive council: The executive council will oversee the operations and decision-making process of the NRF. It will be chaired by the Principal Scientific Adviser to the Government of India. 
  • Supercede the Science and Engineering Research Board (SERB): The NRF Bill will replace the Science and Engineering Research Board (SERB), which was established by Parliament in 2008, and subsume it into the NRF.
  • Consolidation of funding and coordination under a unified framework: The NRF will rectify existing disparities in research funding distribution, with a particular focus on ensuring equitable support for state universities and institutions beyond the prestigious IITs and IISc.
  • The NRF Bill seeks to promote private sector involvement and investment in scientific research.
  • The NRF will prioritize funding based on research needs and priorities, as determined by the executive council.
  • Funding: The government has committed to contribute Rs.10,000 crore over a span of five years.
    • Close to Rs. 36000 crore is expected to be received through private contributions.

4. Indian economy resilient despite global risks: RBI

Syllabus: GS 3: Indian economy and issues relating to planning

Context:

The Reserve Bank of India (RBI) has released its biannual Financial Stability Report (FSR). The report highlights the strength and resilience of the Indian economy and domestic financial system in rising uncertainty in the global economic landscape. 

The report has brought to light positive indicators such as declining non-performing assets (NPAs) and the ability of scheduled commercial banks (SCBs) to meet capital requirements under stress scenarios.

Details:

  • Declining NPA: The FSR reveals that scheduled commercial banks’ gross non-performing assets ratio reached a 10-year low of 3.9% in March 2023. This decline indicates an improvement in asset quality, reflecting the resilience of the banking sector.
  • Robust Capital Reserves: The RBI’s macro stress tests demonstrate that SCBs are well-equipped to comply with minimum capital requirements even in severe stress scenarios. This reflects the prudent financial management and strong capital reserves of Indian banks.
  • Resilient Domestic Financial System: While the global financial system is going through a stressful period, particularly due to banking turmoil in the United States and Europe, the Indian financial sector has remained stable and resilient.
  • Twin Balance Sheet Advantage: Both the banking and corporate sectors have taken steps to strengthen their balance sheets. The RBI Governor describes it as a ‘twin balance sheet advantage’, which contributes to overall economic growth by fostering a more stable and resilient financial system.
  • Positive Economic Outlook: The resilience of the Indian economy, supported by strong macroeconomic fundamentals, provides a positive outlook for future growth.
  • Strengthened balance sheets, declining NPAs, and the ability of SCBs to withstand stress scenarios contribute to the overall stability of the Indian economy.

G. Tidbits

Nothing here for today!!!

H. UPSC Prelims Practice Questions

Q1. Donetsk and Luhansk regions are often seen in the news in the context of
  1. Tigray War
  2. Russia-Ukraine War
  3. Serbia-Kosovo Conflict
  4. Afghanistan Crisis
CHECK ANSWERS:-

Answer: b

Explanation:

Russia-Ukraine War. Donetsk and Luhansk regions (together called the Donbas region) are in Eastern Ukraine which borders Russia.

Q2. Consider the following statements w.r.t All India Survey on Higher 
Education (AISHE):
  1. It is released by NGO Pratham.
  2. It covers all higher educational institutions located in Indian Territory imparting higher education in the country.
  3. It was initiated in the year 2021.

How many of these statements is/are correct?

  1. Only one
  2. Only two
  3. All three
  4. None
CHECK ANSWERS:-

Answer: a

Explanation:

Statements 1 and 3 are incorrect. The All India Survey on Higher Education (AISHE) was initiated in 2011, during which data for the year 2010-11 was collected. It is released by the Ministry of Education. 

Q3. Euclid Space Telescope recently seen in the news is developed by:
  1. Roscosmos
  2. Japan Aerospace Exploration Agency
  3. European Space Agency
  4. Israel Space Agency
CHECK ANSWERS:-

Answer: c

Explanation:

The European Space Agency’s Euclid mission is set to launch into space on a Falcon9 rocket from SpaceX. The mission is specifically designed to study the dark universe, probing both “dark matter” and “dark energy”.

Q4. Cabinet Committee on Economic Affairs (CCEA) is chaired by:
  1. Finance Minister
  2. Minister of Corporate Affairs
  3. Prime Minister
  4. Minister of Home Affairs
CHECK ANSWERS:-

Answer: c

Explanation:

CCEA is one of the standing committees of the cabinet constituted by the government. It is headed by the Prime Minister.

Q5. Financial Stability Report (FSR) is published by the:
  1. Reserve Bank of India
  2. Ministry of Finance
  3. Ministry of Corporate Affairs
  4. NITI Aayog
CHECK ANSWERS:-

Answer: a

Explanation:

Financial Stability Report (FSR) is a biannual report published by the Reserve Bank of India. 

Read the previous CNA here.

CNA 29 June 2023:- Download PDF Here

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