15 Oct 2022: UPSC Exam Comprehensive News Analysis

Quote for the day Set 5 11

CNA 15 Oct 2022:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
SOCIAL JUSTICE
1. Global Hunger Index 2022
C. GS 3 Related
D. GS 4 Related
E. Editorials
SOCIAL ISSUES
1. Do not ignore the role of the woman livestock farmer
SCIENCE AND TECHNOLOGY
1. Indian Deep Tech and a case for a strategic fund
INTERNATIONAL RELATIONS
1. No time for placebo
F. Prelims Facts
1. Haryana, Punjab CMs fail to reach consensus on SYL canal row
G. Tidbits
1. Armed forces welfare fund: website set up for donations
2. INS Arihant carries out key missile test
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

C. GS 3 Related

Nothing here for today!!!

Category: SCIENCE AND TECHNOLOGY

1. Indian Deep Tech and a case for a strategic fund

Syllabus: Indigenization of technology and developing new technology.

Mains: Deep Tech ecosystem in India – its significance, challenges and the way forward.

Context: As the Union Government led by the Prime Minister is pushing for self-reliance in military technology, semiconductors and science-based businesses, there has been increased attention on establishing the β€œIndia Strategic Fund” to fund these industries.

Background

  • To become self-reliant and a developed country in the next 25 years, India must build world-class deep tech capabilities in certain sectors as deep technology is almost always dual use.
    • Example: Position navigation timing technology such as GPS and NavIC is not only used for civil navigation purposes but also serves defence services.
  • However, market failure on account of a lack of investment from venture capitalists and inadequate funding from the government has become a key roadblock to the prospects of deep tech capabilities.
  • According to experts, there are four technology battlegrounds at present and they are semiconductors, 5G, revolutions in biology and autonomy.Β 
    • But all of these sectors are vulnerable to challenges such as military conflict, health emergencies and natural disasters.
  • In this context, experts propose the setting up of the β€œIndia Strategic Fund” to which a certain amount of capital can be allocated from the existing corporate social responsibility (CSR) budgets and high net worth individuals (HNIs) taxation.

The importance of adequate funding

  • Despite having a thriving startup ecosystem and a number of unicorns in the country, India has not performed as expected in enhancing its deep tech capabilities.Β 
    • The reason for this is the lack of capital or funding.
  • In countries like the U.S., Israel and the members of the North Atlantic Treaty Organization (NATO), the government has remained the largest source of funds for Deep Tech.
    • Large amounts of funding flow through agencies such as the Defense Advanced Research Projects Agency (U.S.A.), the Directorate of Defense Research and Development (Israel) and the Defence and Security Accelerator (the U.K.) which have incentivised and provided an impetus to small businesses.
  • This increased funding in these countries has facilitated the startups to act as a bridge between the IEEE publications or prototypes of academia and the large industries of production.

Lack of funding in India

  • The startup ecosystem has failed to play the role of a bridge between academia and the production industry because of a lack of adequate funding and capital allocation.
  • In India, the venture capital ecosystem is still sceptical about investing as they still do not understand Deep Tech and also because these investments do not fit their 10-year fund return cycle as it takes more time for them to gain returns which acts as an entry barrier.
  • Further, apart from the lack of funds from the venture capital ecosystem, the government capital is also not enough or is not fast enough.Β 

Recommendations

  • With the government announcing initiatives such as the Indian Semiconductor Mission and the Ministry of Defence’s flagship iDEX and TDF schemes which depend heavily on funding, investments in deep and critical technology have become crucial.
  • There is a need for creating an exclusive India Strategic Fund to fund industries or startups involved in Deep Tech.Β 
  • The India Strategic Fund can be funded from two sources namely:
    • CSR budgets: as per estimates, the annual CSR budget is β‚Ή15,000 crore, out of which a large portion is unutilised which can be used to fund the development of strategic technology.Β 
    • High net worth individuals (HNIs) taxation: HNIs could be offered tax incentives to attract equity investments in critical technology startups and this corpus of investment should be made tax deductible.
  • Further, to ensure that these funds are used correctly, qualifying criteria can be created and the pool of investable companies must be restricted to the ones that are recognised by the Government and also startups must be accorded an β€œacceptance of necessity” from the Indian military or the Ministry of Defence.

Nut graf: With India setting an ambitious target of achieving Atmanirbharta (self-reliance) in key sectors, the significance of the dual use of Deep Tech capabilities has come to the fore. In this context, the creation of the India Strategic Fund with the help of CSR funds and tax incentives to HNIs can help create a self-sustaining Indian Deep Tech ecosystem.

Category: INTERNATIONAL RELATIONS

1. No time for placebo

Syllabus: Bilateral agreements involving India and/or affecting India’s interests.

Mains: The Gambia Cough Syrup Scandal and its implications for India

Context: Recently nearly 70 children in the Gambia lost their lives which has been linked to the use of contaminated cough syrups which were made in India.

Background

  • Haryana-based Maiden Pharmaceuticals Limited is under the scanner for its substandard paediatric cough syrups.
  • As per the World Health Organization (WHO), the cough syrups may have been contaminated with diethylene glycol (DEG) and ethylene glycol which could have caused acute kidney failure resulting in the death of these children.Β 
  • This incident has caused a global outcry.

The implications of the incident on India

  • India is a major drug supplier to Africa and these drugs play a significant role in the healthcare sector of African nations. India accounts for 45% of all generic medicines in Africa.
    • This latest incident has threatened the thriving India-Africa relations in the healthcare sector.
  • The incident which has caused an international outcry will be detrimental to India’s reputation of being theβ€œpharmacy of the world” as India is a major global supplier of drugs and vaccines.
  • Indian drugs, medicines and vaccines which are exported will now attract greater scrutiny which can be exploited by other countries.Β 

India’s response to the incident

  • The Central Drugs Standard Control Organisation (CDSCO) which is India’s apex drug regulator, has banned Maiden Pharmaceuticals from manufacturing medicinal drugs.
  • The Ministry of Health, Government of India has set up a technical committee to advise the Government on its future course of action against the company.Β 
  • In India, the provisions of the Drugs and Cosmetics Act, 1940 put in place stringent acts with imprisonment of up to 10 years and fines of up to β‚Ή10 lakh against the manufacturers for making adulterated drugs and violating established medical practices.

Way forward

  • Thorough investigations have to be conducted with the help of India’s top agencies and those who are responsible for the tragedy must be held accountable and punished.
  • CDSCO must work towards ensuring that such kinds of instances do not repeat.
  • To increase the value chain of its vaccines or drugs, India must work harder at improving its image of having an impartial and independent regulator which can be trusted globally.

Nut graf: As such incidents have a serious implication on India’s reputation, bilateral and multilateral relations, as well as its economy, it is crucial to impose stringent standards and regulations on the pharma industry to maintain the trust of the international community.

F. Prelims Facts

1. Haryana, Punjab CMs fail to reach consensus on SYL canal row

Category: GS 2, POLITY

Syllabus: Issues and challenges pertaining to the federal structure – Inter-state Relations

Prelims: Satluj-Yamuna Link

Context: Meeting of chief ministers of two states for discussion on the Satluj-Yamuna Link Canal.

Details:

  • The Chief Ministers of Haryana and Punjab failed to reach a consensus on the Sutlej-Yamuna Link (SYL) canal project. The two states are having a water-sharing dispute.Β 
  • The meeting between the two ministers was held under the direction of the Supreme Court.
  • The construction of the canal is important for Haryana as it is the lifeline of the State. But Punjab holds the view that the state does not have enough water to share.
  • According to the Chief Minister of Punjab, the state was getting 18.56 million acre-feet (MAF) of water which has declined to 12.63 MAF.

For more information on the Satluj-Yamuna link, read here: UPSC Exam Comprehensive News Analysis. Sep 7th, 2022

G. Tidbits

1. Armed forces welfare fund: website set up for donations

  • The Defence Minister of India launched the β€˜Maa Bharati Ke Sapoot’ website for the Armed Forces Battle Casualties Welfare Fund (AFBCWF).
  • The AFBCWF is a Tri-Service fund, which is utilized to grant immediate financial aid to the dependents/kin of airmen/soldiers/sailors who get grievously injured or lay down their lives in active military operations.
  • The website will enable the general public to directly contribute to the fund through online mechanisms. A certificate of online contribution can also be downloaded.
  • Shri Amitabh Bachchan is the β€˜Goodwill Ambassador’ of the initiative.

2. INS Arihant carries out key missile test

  • India’s first ballistic missile nuclear submarine INS Arihant carried out a successful launch of a Submarine Launched Ballistic Missile (SLBM).Β 
  • The missile was tested in a predetermined range and impacted the target area in the Bay of Bengal with very high accuracy.
  • The test thus validated the country’s second-strike nuclear capability and assured the credible minimum deterrence ability of India.

For more information on Indian missiles, read here: Types of Missiles of India

H. UPSC Prelims Practice Questions

Q1. Consider the following statements: (Level – Difficult)
  1. So far, ISRO has only used Polar Satellite Launch Vehicle (PSLV) to carry out commercial launches.
  2. India currently has three operational launch vehicles – the PSLV, GSLV, and GSLV Mk III.
  3. The government opened up the space sector for private players in 2020.

Choose the correct code:Β 

  1. 1 & 2 only
  2. 2 & 3 only
  3. 1 & 3 only
  4. All of the above
CHECK ANSWERS:-

Answer: d

Explanation:

Statement 1 is correct: Till now ISRO has used only PSLV for commercial launches. There have been eight commercial launches using PSLV. However, GSLV Mk III is set to launch 36 satellites and enter the commercial foray.

Statement 2 is correct: India presently has three operational launch vehicles PSLV, GSLV, and GSLV Mk III. The Small Satellite Launch Vehicle of ISRO was partially successful.

Statement 3 is correct: The government opened the space sector for private players in 2020 with the aim to allow private players to offer regular space services and ISRO to focus on scientific missions.

Q2. Consider the following statements with regard to the GIFT (Gujarat International
 Finance Tec) City: (Level – Easy)
  1. It consists of a multi-service Special Economic Zone (SEZ), which houses India’s first International Financial Services Centre (IFSC) and an exclusive Domestic Tariff Area (DTA).
  2. It doesn’t have any residential facilities.
  3. The GIFT city also houses the India International Bullion Exchange (IIBX), India’s first International Bullion Exchange.

Choose the correct code:

  1. 1 only
  2. 1 & 3 onlyΒ Β 
  3. 2 only
  4. All of the above
CHECK ANSWERS:-

Answer: b

Explanation:

Statement 1 is correct and Statement 2 is incorrect: It is India’s first operational greenfield smart city and international financial services center consisting of a multi-service SEZ. The city is located on the banks of the Sabarmati river. The city includes commercial, financial and residential complexes.

Statement 3 is correct: GIFT city consists of India’s first International Bullion Exchange called India International Bullion Exchange (IIBX).

Q3. Β With respect to India’s Ethanol blending programme, the Government has set a 
target of achieving ______ ethanol blending in petrol by _____. (Level – Easy)
  1. 15%, 2025
  2. 20%, 2025
  3. 25%, 2025
  4. 20%, 2030
CHECK ANSWERS:-

Answer: b

Explanation: The Government of India has advanced the target for 20% ethanol blending in petrol (also called E20) to 2025 from 2030. The twenty percent ethanol-blended petrol is likely to be made available in India in December 2022 or January 2023, as cited by the Union Minister of Petroleum and Natural Gas.

Q4. Consider the following statements with regards to Electoral bonds in India: 
(Level – Medium)
  1. They are valid for 15 days from the date of issue.
  2. Only the political parties registered under Section 29A of the Representation of the People Act, 1951 and have secured not less than 1% of the votes polled in the last general election to the House of the People or the Legislative Assembly, are eligible to receive electoral bonds.
  3. The bonds are available for purchase by any citizen of India for a period of ten days each in the months of January, April, July and October as may be specified by the RBI.

Choose the correct code:

  1. Only 1 statement is correct
  2. Only 2 statements are correct
  3. All the statements are correct
  4. None of the statements is correct
CHECK ANSWERS:-

Answer: b

Explanation:Β 

Statement 1 is correct: Electoral bonds are valid for 15 days from the date of issue.

Statement 2 is correct: Only the political parties registered under Section 29A of the Representation of the People Act, 1951 and have secured not less than 1% of the votes polled in the last general election to the House of the People or the Legislative Assembly, are eligible to receive electoral bonds.

Statement 3 is incorrect: The bonds are available for purchase by any citizen of India for a period of ten days each in the months of January, April, July and October as may be specified by the Central Government.

Q5. β€œRule of Law Index” is released by which of the following? (Level – Difficult)
  1. Β Amnesty International
  2. Β International Court of Justice
  3. The Office of UN Commissioner for Human Rights
  4. Β World Justice Project
CHECK ANSWERS:-

Answer: d

Explanation: The World Justice Project released its Rule of Law Index 2017-18 report, which measures the extent to which 113 countries have adhered to the rule of law in that period. India’s rank was 62, better than China, Pakistan, Myanmar, and Bangladesh; Denmark occupied the top spot.

CNA 15 Oct 2022:- Download PDF Here

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