29 Sep 2023: UPSC Exam Comprehensive News Analysis

29 September 2023 CNA
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TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
C. GS 3 Related
ECONOMY
1. Architect of India’s Green Revolution departs
D. GS 4 Related
E. Editorials
SOCIAL ISSUES
1. Reform can address India’s kidney transplant deficit
F. Prelims Facts
1. Monoclonal antibodies
2. Current Account Deficit
G. Tidbits
1. Toto language
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
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2. Current Account Deficit

Syllabus: GS 3- Economy

Prelims: Current Account Deficit

India’s Current Account Deficit (CAD) Widens in Q1 FY24

  • India’s CAD increased to $9.2 billion (1.1% of GDP) in the April-June quarter, up from $1.3 billion (0.2% of GDP) in the previous quarter.

Factors Contributing to CAD Widening

  • Higher Trade Deficit: The CAD widened primarily due to a higher trade deficit.
  • Decline in Net Services Receipts: Net services receipts fell, mainly because of reduced exports of computer, travel, and business services, although they remained higher on a year-on-year basis.
  • Decrease in Private Transfer Receipts: Private transfer receipts, including remittances from Indians working abroad, decreased to $27.1 billion from $28.6 billion in the previous quarter.

Economic Concerns

  • There are concerns over the fall in remittances, which, along with slowing global growth, could impact CAD.
  • Rising oil prices are expected to put additional pressure on CAD.

Income Account and Investment Highlights

  • The net outgo on the income account, reflecting investment income payments, decreased to $10.6 billion from $12.6 billion in the previous quarter.
  • Net foreign direct investment declined to $5.1 billion from $13.4 billion a year earlier.
  • In the corresponding quarter of the previous year, there were outflows of $14.6 billion, whereas this year, there were inflows of $15.7 billion in net foreign portfolio investments.
  • Net external commercial borrowings showed an inflow of $5.6 billion compared to an outflow of $2.9 billion in the previous year.

Foreign Exchange Reserves and Future Projections

  • India’s foreign exchange reserves increased by $24.4 billion in the first quarter of the current fiscal year.
  • ICRA Ltd. predicts that the CAD will widen further in Q2 FY24, estimating it to be between $19-21 billion (2.3% of GDP). They also project the CAD to reach $73-75 billion (2.1% of GDP) in FY24, considering an average crude oil price of $90 per barrel in H2.

G. Tidbits

1. Toto language

Introduction

  • Toto is a language spoken by a mere 1,600 people in West Bengal, near the Bhutan border.
  • A professor at the University of Calcutta has undertaken an initiative to create a Toto language dictionary.

Toto Language Background

  • Toto is a Sino-Tibetan language used by the tribal Toto people.
  • It is typically written in the Bengali script.
  • Despite the recent development of a Toto script in 2015 by community member Dhaniram Toto, most individuals still use the Bengali script or write in Bengali.

The Significance of the Dictionary

  • The dictionary aims to preserve the Toto language, which has primarily been passed down orally, by documenting its vocabulary in print.
  • Toto words will be translated into Bengali and English, utilising the Bengali script since the Toto script is in its early stages, and tribe members are more familiar with Bengali script.
  • This dictionary is significant because the Toto community lacks any prior word collections or published primers in their language.
  • Dhanua Totor Kathamala, a book by Mr. Toto, was written in Bengali, emphasising the need for this preservation effort.

Calcutta Comparatists 1919

  • Mrinmoy Pramanick, an assistant professor of Comparative Indian language and Literature at the University of Calcutta, established Calcutta Comparatists 1919, a trust, to prevent marginal languages from becoming extinct.
  • The trust organises collaborative workshops and incorporates literature from marginal languages into university curricula to ensure their survival and academic recognition.

The Toto Shabda Sangraha Dictionary

  • Bhakta Toto, a bank employee and poet, compiled the dictionary.
  • The dictionary was jointly published by Calcutta Comparatists 1919 and Bhasha Samsad, a publishing house run by Bitasta Ghoshal.

Impact of the Dictionary

  • The dictionary will safeguard the Toto language from disappearing, allowing even those who study in English and Bengali to stay connected with Toto culture.
  • The trust plans to publish another Bengali novel, Uttal Torsa, written by Dhaniram Toto in the near future.

H. UPSC Prelims Practice Questions

Q1. Consider the following statements, regarding monoclonal antibodies:
  1. Monoclonal antibodies mimic the immune system’s behaviour.
  2. They attach to antigens to aid in their elimination.
  3. Niels K. Jerne, Georges J.F. Köhler, and César Milstein received the Nobel Prize in Medicine for their work on monoclonal antibodies in 1984.

How many of the statements given above are incorrect?

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

Answer: d

Explanation: Monoclonal antibodies mimic the immune system and help eliminate antigens. The Nobel Prize was awarded in 1984 for their development.

Q2. With reference to the current account deficit, which of the following statements 
is/are incorrect?
  1. The current account deficit occurs when exports exceed imports.
  2. The current account includes net income and transfers.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
CHECK ANSWERS:-

Answer: a

Explanation: The current account deficit occurs when imports exceed exports.

Q3. The 'Toto language' recently in the news, is related to the:
  1. Sino-Tibetan language written in the Bengali script.
  2. Dravidian language written in the Roman script.
  3. Austroasiatic language written in the Devanagari script.
  4. Indo-European language written in the Arabic script.
CHECK ANSWERS:-

Answer: a

Explanation: Toto is a Sino-Tibetan language spoken by the tribal Toto people and is written in the Bengali script. 

Q4. With reference to the 13th Indo-Pacific Armies Chiefs Conference (IPACC), which 
of the following statements is/are correct?
  1. It is co-hosted by the Indian Army and the US Army Pacific at the Manekshaw Centre in New Delhi. 
  2. The conference aims to address pressing regional concerns, strategic collaboration, and security cooperation.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
CHECK ANSWERS:-

Answer: c

Explanation: Both statements are correct.

Q5. Consider the following statements, regarding Safdarjung Tomb:
  1. It was constructed in 1754 during the reign of Muhammad Shah.
  2. The monument was built on an elevated ground using red and brownish-yellow sandstone. 
  3. The tomb is surrounded by a Charbagh-style garden.

How many of the statements given above are correct?

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

Answer: b

Explanation: Statement 1 is incorrect. Safdarjung Tomb was built in 1754, during the reign of Mughal Emperor Ahmad Shah Bahadur.

I. UPSC Mains Practice Questions

  1. Examine the contribution of M S Swaminathan in helping India achieve food security. (250 words, 15 marks) [GS-3; Economy]
  2. Illustrate the challenges arising out of India’s ageing population by the middle of this century. (250 words, 15 marks) [GS-2; Governance]

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