30 Sep 2023: UPSC Exam Comprehensive News Analysis

30 September 2023 CNA
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TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
POLITY
1. Cauvery dispute: CWMA upholds panel’s decision
C. GS 3 Related
ENVIRONMENT
1. CM announces 15-point winter action plan to fight air pollution
D. GS 4 Related
E. Editorials
INTERNATIONAL RELATIONS
1. Global dispute settlement, India and appellate review
F. Prelims Facts
1. Ruixiang Zhang to receive SASTRA Ramanujan Prize
2. Electoral bonds to go on sale from October 4
3. NABARD announces listing Social Bonds on BSE
G. Tidbits
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

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F. Prelims Facts

1. Ruixiang Zhang to receive SASTRA Ramanujan Prize

Context: The 2023 SASTRA Ramanujan Prize will be awarded to Ruixiang Zhang of the University of California, Berkeley. This annual $10,000 prize is for outstanding contributions by individuals in areas of mathematics influenced by Indian mathematics great S Ramanujan.

SASTRA Ramanujan Prize​

  • Started in 2005 by SASTRA University to honour mathematicians working in fields influenced by S. Ramanujan.
  • Will be awarded at an International Conference in Number Theory on December 20-22 at SASTRA University in Kumbakonam.​

About S Ramanujan:​

  • Born on December 22, 1887​.
  • Known for his work in number theory, infinite series, and continued fractions.​
  • Went to Cambridge in 1914 and collaborated with Hardy to develop the Ramanujan-Hardy theorem, which relates to the partition of integers.
  • Elected a Fellow of the Royal Society in 1918.​
  • December 22, his birthday, is celebrated as National Mathematics Day in India to honour his contributions.

Read more on Srinivasa Ramanujan.

2. Electoral bonds to go on sale from October 4

Context: The government announced the sale of the 28th tranche of electoral bonds from October 4 to 13 at all authorised branches of the State Bank of India.

About Electoral bonds:

  • Introduced with the Finance Bill (2017). Notified in January 2018 under Electoral Bond Scheme 2018.​
  • First sale: March 2018.​ Since then, electoral bonds released in 4 windows of 10 days per year.​
  • Apart from above:​ On dates specified by the Union government and an additional 30-day period in the year of the Lok Sabha election.​
  • Nov 2022 amendment: Power of Central Government to declare an extra fortnight of electoral bond sales in years when States and Union Territories with a legislature have elections.​
  • Available at 29 specified branches of SBI.​
  • Only the political parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than 1% of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible.​
  • May be purchased by a citizen of India or an organization incorporated or established in India.​
  • Valid only for fifteen from the date of issue.​

3. NABARD announces listing Social Bonds on BSE

Context: The National Bank for Agriculture and Rural Development (NABARD) announced the listing of its ‘Social Bonds’ on the BSE. 

Details: 

  • The bank had raised ₹1,040 crore through this offering. The funds would be used to refinance the Jal Jeevan Mission (the Union government’s drinking water project) in Telangana.
  • Issued to fund projects and initiatives that have a positive social or environmental impact.​
  • Governments, public entities, development organizations, and private corporations can issue social bonds.​
  • A key feature of social bonds is the requirement for issuers to measure and report on the social or environmental outcomes of the projects funded.​

Types of Social Bonds:​

  • Green Bonds: These bonds are specifically earmarked for environmentally friendly projects, such as renewable energy or conservation efforts.​
  • Social Impact Bonds: These bonds are often used for social welfare programs, where investors are repaid based on the achievement of predefined social outcomes.​
  • Sustainability Bonds: These bonds cover a broader range of projects that have both social and environmental benefits.​
  • One of the earliest examples of a bond issued with a clear social mission was the “World Bank’s Kangaroo Bond” issued in 1989.​
  • India’s 1st Social Impact Bond: Brought about by an MoU between Pimpri Chinchwad Municipal Corporation (PCMC) and the United Nations Development Programme (UNDP).​
  • NABARD: India’s first externally rated (AAA-) rupee-denominated bond.​

G. Tidbits

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H. UPSC Prelims Practice Questions

Q1. Consider the following statements:
  1. River Cauvery is the largest river in southern India.
  2. It is known as ‘Ponni’ in Tamil.
  3. The Mekedatu project planned across the Cauvery River has been a source of dispute between Karnataka and Tamil Nadu.

How many of these statements is/are incorrect?

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

Answer: a

Explanation: Statement 1 is incorrect. River Cauvery is the fourth largest river in Southern India. 

Q2. Consider the following statements with respect to Graded Response Action Plan 
(GRAP):
  1. It was approved by the Supreme Court in 2016 for Delhi and NCR. 
  2. GRAP institutionalizes measures to be taken when air quality deteriorates. 
  3. GRAP works only as an emergency measure and does not include action to be taken throughout the year to tackle pollution.

How many of these statements is/are incorrect?

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

Answer: d

Explanation: 

None of the statements is incorrect. 

Q3. Which of these statements with respect to SASTRA Ramanujan Prize is/are correct:
  1. The award was instituted by the Shanmugha Arts, Science, Technology & Research Academy in the 1900s.
  2. A cash prize of USD 10,000 is presented annually to individuals aged 32 and above, for outstanding contributions in the field of mathematics.

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: 

A cash prize of USD 10,000 is presented annually to individuals aged 32 and below, who have made outstanding contributions in the field of mathematics, influenced by Srinivasa Ramanujan in a broad sense.

Q4. Which of these statements is/are correct with respect to Electoral Bonds?
  1. It is a financial instrument for making donations to political parties.
  2. State Bank of India (SBI) is the only authorised institution to issue and encash Electoral Bonds.

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 the statements are correct.

Q5. Which of these statements is correct with respect to the International Centre for
Settlement of Investment Disputes?
  1. ICSID Convention is a multilateral treaty formulated by the Executive Directors of the World Bank.
  2. India is not a member of ICSID.

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 the statements are correct.

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