🔆REVDANDA PORT
✅why news : Indian Coast Guard (ICG) rescued all 16 crew of sinking MV Mangalam near Revdanda port of Maharashtra on June 17, 2021.
✅Revadanda is located on the W coast, approx 44km S of Mumbai.
✅The port provides an open roadstead lighterage anchorage and small alongside jetties for unloading iron ore to the nearby steel plant via conveyor.
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✅why news : Indian Coast Guard (ICG) rescued all 16 crew of sinking MV Mangalam near Revdanda port of Maharashtra on June 17, 2021.
✅Revadanda is located on the W coast, approx 44km S of Mumbai.
✅The port provides an open roadstead lighterage anchorage and small alongside jetties for unloading iron ore to the nearby steel plant via conveyor.
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🔆icmed 13485 plus
✅quality council of india (qci) launched indian certification of medical devices (icmed) plus scheme.
✅The Quality Council of India (QCI), and the Association of Indian Manufacturers of Medical Devices (AiMeD) have added further features to the ICMED the Scheme that had been launched for Certification of Medical Devices in 2016.
✅The ICMED 13485 PLUS, as the new scheme has been christened, will undertake verification of the quality, safety and efficacy of medical devices.
▪️Quality Council of India (QCI)?
✅Quality Council of India (QCI) was set up in 1997 jointly by the Government of India and the Indian Industry represented by the three premier industry associations i.e. ASSOCHAM, CII and FICCI, to establish and operate national accreditation structure.
✅The Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, is the nodal ministry for QCI.
✅The Council is independent and works under the directions of its Governing Body (GB) having equal representation of government, industry and industry associations. It does not get funded by the government and is a self-sustaining non-profit organization with its own Memorandum of Association (MOA) and Rules.
✅Headquarters: New Delhi.
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✅quality council of india (qci) launched indian certification of medical devices (icmed) plus scheme.
✅The Quality Council of India (QCI), and the Association of Indian Manufacturers of Medical Devices (AiMeD) have added further features to the ICMED the Scheme that had been launched for Certification of Medical Devices in 2016.
✅The ICMED 13485 PLUS, as the new scheme has been christened, will undertake verification of the quality, safety and efficacy of medical devices.
▪️Quality Council of India (QCI)?
✅Quality Council of India (QCI) was set up in 1997 jointly by the Government of India and the Indian Industry represented by the three premier industry associations i.e. ASSOCHAM, CII and FICCI, to establish and operate national accreditation structure.
✅The Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, is the nodal ministry for QCI.
✅The Council is independent and works under the directions of its Governing Body (GB) having equal representation of government, industry and industry associations. It does not get funded by the government and is a self-sustaining non-profit organization with its own Memorandum of Association (MOA) and Rules.
✅Headquarters: New Delhi.
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🔆Researchers find Therapeutic Effects of Yoga in Depression
✅New research suggests that Yoga in addition to standard antidepressant treatment can bring relief to patients with Major Depressive Disorder (MDD)
✅Assessed the therapeutic effects of Yoga in Major Depressive Disorder (MDD) as well as its effect on associated neurobiological underpinnings.
✅This work was supported under the ‘Science and Technology of Yoga and Meditation (SATYAM) ’Programme of the Department of Science and Technology
✅Stress hormone levels and improving levels of inhibitory neurotransmitter called Gamma aminobutyric acid (GABA)in the brain as well as autonomic functioning of the brain.
✅They estimated biomarkers like GABA activity (Transcranial magnetic stimulation -TMS), Blood biomarkers (Immune system abnormalities via Interleukin system), emotional processing & brain activity - functional Magnetic Resonance Imaging (fMRI) Autonomic functioning - Heart rate Variability (HRV) on 70 people through 3.5years.
✅Also found that early intervention of yoga can lead to good outcomes and better prognosisand also effective as monotherapy in mild to moderate depression.
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✅New research suggests that Yoga in addition to standard antidepressant treatment can bring relief to patients with Major Depressive Disorder (MDD)
✅Assessed the therapeutic effects of Yoga in Major Depressive Disorder (MDD) as well as its effect on associated neurobiological underpinnings.
✅This work was supported under the ‘Science and Technology of Yoga and Meditation (SATYAM) ’Programme of the Department of Science and Technology
✅Stress hormone levels and improving levels of inhibitory neurotransmitter called Gamma aminobutyric acid (GABA)in the brain as well as autonomic functioning of the brain.
✅They estimated biomarkers like GABA activity (Transcranial magnetic stimulation -TMS), Blood biomarkers (Immune system abnormalities via Interleukin system), emotional processing & brain activity - functional Magnetic Resonance Imaging (fMRI) Autonomic functioning - Heart rate Variability (HRV) on 70 people through 3.5years.
✅Also found that early intervention of yoga can lead to good outcomes and better prognosisand also effective as monotherapy in mild to moderate depression.
#science_and_technology
#health
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🔆New Software helps identify patients likely to require ventilator support thus detecting emergency & ICU needs early
✅A software can now identify patients likely to require ventilator support in an ICU and referral in time and make necessary arrangements before emergency sets in.
✅Software called Covid Severity Score (CSS) Software consists of an algorithm that measures a set of parameters.
✅It scores each against a pre-set dynamic algorithm multiple times for each patient and allocates a Covid Severity Score (CSS) mapping it in a graphical trend.
✅Technology is being used in three community Covid care centres at Kolkata
✅Foundation For Innovations In Health, Kolkata with support from the Science for Equity, Empowerment and Development (SEED) division of the Department of Science & Technology,have developed an algorithm that measures symptoms, signs, vital parameters, test reports and comorbidities of the COVID positive patient and scores each against a pre-set dynamic algorithm thus allocating a Covid Severity Score (CSS).
✅This technology has been made available at primary care e-Health clinics in resource poor settings through SEED Project support.
✅CSS’ is regularly monitored multiple times by ‘remote’ specialist doctors thus reducing the doctor’s consultation time per patient and reducing the doctors travel requirement
✅It can help early identification of patients likely to require ventilator support in an ICU and referral, reduce hospital referral for those unlikely to require critical care support, thus releasing more hospital beds in circulation.
✅It will also help in providing monitored medical support to those patients who cannot afford treatment or cannot isolate at home due to poor housing conditions.
✅The facility can be a huge support for ‘Covid Care Centres’ with beds and oxygen support only but no facility for invasive ventilation.
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✅A software can now identify patients likely to require ventilator support in an ICU and referral in time and make necessary arrangements before emergency sets in.
✅Software called Covid Severity Score (CSS) Software consists of an algorithm that measures a set of parameters.
✅It scores each against a pre-set dynamic algorithm multiple times for each patient and allocates a Covid Severity Score (CSS) mapping it in a graphical trend.
✅Technology is being used in three community Covid care centres at Kolkata
✅Foundation For Innovations In Health, Kolkata with support from the Science for Equity, Empowerment and Development (SEED) division of the Department of Science & Technology,have developed an algorithm that measures symptoms, signs, vital parameters, test reports and comorbidities of the COVID positive patient and scores each against a pre-set dynamic algorithm thus allocating a Covid Severity Score (CSS).
✅This technology has been made available at primary care e-Health clinics in resource poor settings through SEED Project support.
✅CSS’ is regularly monitored multiple times by ‘remote’ specialist doctors thus reducing the doctor’s consultation time per patient and reducing the doctors travel requirement
✅It can help early identification of patients likely to require ventilator support in an ICU and referral, reduce hospital referral for those unlikely to require critical care support, thus releasing more hospital beds in circulation.
✅It will also help in providing monitored medical support to those patients who cannot afford treatment or cannot isolate at home due to poor housing conditions.
✅The facility can be a huge support for ‘Covid Care Centres’ with beds and oxygen support only but no facility for invasive ventilation.
#science_and_technology
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🔆National Financial Reporting authority (NFRA)
✅why News- has invited suggestions from public on consultation paper on NFRA’s engagement with its stakeholders
✅What is it?
NFRA is an independent regulatory body set up under Section 132 of the Companies Act.
✅History:
🔸It was established by the Central Government in October 2018.
🔸After the Satyam scandal took place in 2009, the Standing Committee on Finance proposed the concept of the National Financial Reporting Authority (NFRA) for the first time in its 21st report.
▪️Mandate
✅It oversee compliance with Accounting and Auditing Standards by companies that can be described as Public Interest Entities (PIEs). This group includes all listed companies, and large unlisted companies.
✅To discharge this mandate, NFRA is in the process of creating a verified and accurate database of companies and auditors that come under the regulatory ambit of NFRA.
✅HQ: New Delhi
✅Composition: NFRA consists of one chairman, three full-time members and one secretary. Former IAS officer Rangachari Sridharan was appointed as the first chairman of the body in October 2018.
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✅why News- has invited suggestions from public on consultation paper on NFRA’s engagement with its stakeholders
✅What is it?
NFRA is an independent regulatory body set up under Section 132 of the Companies Act.
✅History:
🔸It was established by the Central Government in October 2018.
🔸After the Satyam scandal took place in 2009, the Standing Committee on Finance proposed the concept of the National Financial Reporting Authority (NFRA) for the first time in its 21st report.
▪️Mandate
✅It oversee compliance with Accounting and Auditing Standards by companies that can be described as Public Interest Entities (PIEs). This group includes all listed companies, and large unlisted companies.
✅To discharge this mandate, NFRA is in the process of creating a verified and accurate database of companies and auditors that come under the regulatory ambit of NFRA.
✅HQ: New Delhi
✅Composition: NFRA consists of one chairman, three full-time members and one secretary. Former IAS officer Rangachari Sridharan was appointed as the first chairman of the body in October 2018.
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🔆Pradhan Mantri Garib Kalyan Yojana (PMGKY)
✅ Pradhan Mantri Garib Kalyan Yojana was launched by the Government of India in 2016. Income taxpayers are given an opportunity to forgo prosecution by declaring their illegal money.
✅The Scheme provides an opportunity to persons having undisclosed income in the form of cash or deposit in an account maintained with a specified entity (which includes banks, post office, etc.) to declare such income and pay tax, surcharge, and penalty totaling in all to 49.9 percent. of such declared income.
✅Besides, the Scheme provides that a mandatory deposit of not less than 25% of such income shall be made in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (hereinafter ‘the PMGKY Deposit Scheme’) which has separately been notified by the Department of Economic Affairs.
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✅ Pradhan Mantri Garib Kalyan Yojana was launched by the Government of India in 2016. Income taxpayers are given an opportunity to forgo prosecution by declaring their illegal money.
✅The Scheme provides an opportunity to persons having undisclosed income in the form of cash or deposit in an account maintained with a specified entity (which includes banks, post office, etc.) to declare such income and pay tax, surcharge, and penalty totaling in all to 49.9 percent. of such declared income.
✅Besides, the Scheme provides that a mandatory deposit of not less than 25% of such income shall be made in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (hereinafter ‘the PMGKY Deposit Scheme’) which has separately been notified by the Department of Economic Affairs.
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🔆TAX INSPECTORS WITHOUT BORDERS (TIWB)
✅Bhutan’s Tax Inspectors Without Borders (TIWB) programme launched in partnership with India.
✅Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan.
✅India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme.
✅This programme is expected to be of about 24 months’ duration through which India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration by transferring technical know-how and skills to its tax auditors, and through sharing of best audit practices.
✅The focus of the programme will be in the area of International Taxation and Transfer Pricing.
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✅Bhutan’s Tax Inspectors Without Borders (TIWB) programme launched in partnership with India.
✅Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan.
✅India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme.
✅This programme is expected to be of about 24 months’ duration through which India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration by transferring technical know-how and skills to its tax auditors, and through sharing of best audit practices.
✅The focus of the programme will be in the area of International Taxation and Transfer Pricing.
#economy
#prelims
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🔆Summit in green hydrogen initiatives
✅India is hosting a summit on Green Hydrogen initiatives involving the BRICS nations.
✅Event offers a platform to share their respective Green Hydrogen initiatives and views on how to take it to the next level in their own countries.
✅Event will be anchored by NTPC Ltd , a Maharatna CPSU under the Ministry of Power.
✅Hydrogen when produced by electrolysis using renewable energy is known as Green Hydrogen which has no carbon footprint.
✅Significance of Green Hydrogen:
🔸Green hydrogen energy is vital for India to meet its Nationally Determined Contribution (INDC) Targets and ensure regional and national energy security, access and availability.
🔸Green Hydrogen can act as an energy storage option, which would be essential to meet intermittencies (of renewable energy) in the future.
🔸In terms of mobility, for long distance mobilisations for either urban freight movement within cities and states or for passengers, Green Hydrogen can be used in railways, large ships, buses or trucks, etc.
✅Green Chemicals like ammonia and methanol can directly be utilized in existing applications like fertilizers, mobility, power, chemicals, shipping etc.
✅It is a clean-burning molecule, which can decarbonize a range of sectors including iron and steel, chemicals, and transportation.
✅Renewable energy that cannot be stored or used by the grid can be channelled to produce hydrogen.
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✅India is hosting a summit on Green Hydrogen initiatives involving the BRICS nations.
✅Event offers a platform to share their respective Green Hydrogen initiatives and views on how to take it to the next level in their own countries.
✅Event will be anchored by NTPC Ltd , a Maharatna CPSU under the Ministry of Power.
✅Hydrogen when produced by electrolysis using renewable energy is known as Green Hydrogen which has no carbon footprint.
✅Significance of Green Hydrogen:
🔸Green hydrogen energy is vital for India to meet its Nationally Determined Contribution (INDC) Targets and ensure regional and national energy security, access and availability.
🔸Green Hydrogen can act as an energy storage option, which would be essential to meet intermittencies (of renewable energy) in the future.
🔸In terms of mobility, for long distance mobilisations for either urban freight movement within cities and states or for passengers, Green Hydrogen can be used in railways, large ships, buses or trucks, etc.
✅Green Chemicals like ammonia and methanol can directly be utilized in existing applications like fertilizers, mobility, power, chemicals, shipping etc.
✅It is a clean-burning molecule, which can decarbonize a range of sectors including iron and steel, chemicals, and transportation.
✅Renewable energy that cannot be stored or used by the grid can be channelled to produce hydrogen.
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🔆Biotech Kisan programme
✅The Department of Biotechnology (DBT) has issued a Special Call for the North East Region as a part of its Mission Programme "Biotech-Krishi Innovation Science Application Network (Biotech-KISAN)".
✅It aims to understand the local problems of the NER farmers and provide scientific solutions to those problems.
▪️Why Special Call for North East Region:
✅70% of the workforce in NER engaged in agriculture and allied sectors for livelihood.
✅But, the region produces merely 1.5 per cent of the country's food grain
✅They are a net importer of food grains even for their domestic consumption.
✅There is untapped potential to enhance the farming population's income by promoting location-specific crops, horticultural and plantation crops, fisheries, and livestock production
▪️Biotech-KISAN:
✅It is a scientist-farmer partnership scheme launched in 2017.
✅It is for agricultural innovation.
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#economy
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✅The Department of Biotechnology (DBT) has issued a Special Call for the North East Region as a part of its Mission Programme "Biotech-Krishi Innovation Science Application Network (Biotech-KISAN)".
✅It aims to understand the local problems of the NER farmers and provide scientific solutions to those problems.
▪️Why Special Call for North East Region:
✅70% of the workforce in NER engaged in agriculture and allied sectors for livelihood.
✅But, the region produces merely 1.5 per cent of the country's food grain
✅They are a net importer of food grains even for their domestic consumption.
✅There is untapped potential to enhance the farming population's income by promoting location-specific crops, horticultural and plantation crops, fisheries, and livestock production
▪️Biotech-KISAN:
✅It is a scientist-farmer partnership scheme launched in 2017.
✅It is for agricultural innovation.
#Agriculture
#economy
#prelims
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🔆RICE BRAN OIL
✅Why news: Department of Food and Public Distribution E-launched “NAFED Fortified Rice Bran Oil”.
▪️About:
✅Rice bran oil is the oil extracted from the hard outer brown layer of rice called chaff (rice husk). It is known for its high smoke point of 232 °C (450 °F) making it suitable for high-temperature cooking methods such as stir frying and deep frying.
✅Rice bran oil has a composition similar to that of peanut oil.
✅Rice Bran oil has multiple health benefits, including lowering cholesterol level due to its low trans-fat content and high mono unsaturated and poly unsaturated fat contents. It also acts as a booster and reduces the risk of cancer due to the high amount of Vitamin E it contains.
✅This oil is recommended by the World Health Organization (WHO) as one of the best substitutes for other edible oils.
▪️NAFED
✅National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India.
✅It was founded on 2 October 1958.
✅It is registered under Multi State Co-operative Societies Act.
✅It is Headquartered in New Delhi.
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✅Why news: Department of Food and Public Distribution E-launched “NAFED Fortified Rice Bran Oil”.
▪️About:
✅Rice bran oil is the oil extracted from the hard outer brown layer of rice called chaff (rice husk). It is known for its high smoke point of 232 °C (450 °F) making it suitable for high-temperature cooking methods such as stir frying and deep frying.
✅Rice bran oil has a composition similar to that of peanut oil.
✅Rice Bran oil has multiple health benefits, including lowering cholesterol level due to its low trans-fat content and high mono unsaturated and poly unsaturated fat contents. It also acts as a booster and reduces the risk of cancer due to the high amount of Vitamin E it contains.
✅This oil is recommended by the World Health Organization (WHO) as one of the best substitutes for other edible oils.
▪️NAFED
✅National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India.
✅It was founded on 2 October 1958.
✅It is registered under Multi State Co-operative Societies Act.
✅It is Headquartered in New Delhi.
#economy
#prelims
PIB
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🔆Bhutan’s Tax Inspectors Without Borders (TIWB) programme launched in partnership with India
✅Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan.
✅India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme.
✅This programme is expected to be of about 24 months’ duration through which India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration by transferring technical know-how and skills to its tax auditors, and through sharing of best audit practices.
✅The focus of the programme will be in the area of International Taxation and Transfer Pricing.
#IR
#prelims
#mains
#gs2
PIB
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✅Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan.
✅India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme.
✅This programme is expected to be of about 24 months’ duration through which India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration by transferring technical know-how and skills to its tax auditors, and through sharing of best audit practices.
✅The focus of the programme will be in the area of International Taxation and Transfer Pricing.
#IR
#prelims
#mains
#gs2
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🔆Cabinet approves Agreement between India and Saint Vincent and The Grenadines
✅Why in news: The Indian government has approved an
agreement with Saint Vincent and The Grenadines for tax cooperation with each other.
▪️What’s special about this agreement?
✅First time India has signed an agreement with Saint Vincent and the Grenadines
✅ Facilitates exchange of information (including the information with banks and other financial institutions) between the two countries and provides assistance to each other in collecting the tax claims
✅Enables representatives of one country to enter the other’s territory to interview individuals and examine tax records.
▪️What will be its impact?
✅Strengthens India'scommitment to fight offshore tax evasion and tax avoidance practices
✅ Reduces generation of unaccounted black money.
✅ Increases tax income to the country
✅Places in news – Saint Vincent and the Grenadines
✅An island country in the Caribbean region
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✅Why in news: The Indian government has approved an
agreement with Saint Vincent and The Grenadines for tax cooperation with each other.
▪️What’s special about this agreement?
✅First time India has signed an agreement with Saint Vincent and the Grenadines
✅ Facilitates exchange of information (including the information with banks and other financial institutions) between the two countries and provides assistance to each other in collecting the tax claims
✅Enables representatives of one country to enter the other’s territory to interview individuals and examine tax records.
▪️What will be its impact?
✅Strengthens India'scommitment to fight offshore tax evasion and tax avoidance practices
✅ Reduces generation of unaccounted black money.
✅ Increases tax income to the country
✅Places in news – Saint Vincent and the Grenadines
✅An island country in the Caribbean region
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#IR
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🔆ARCI develops cost-effective catalysts for metal-air battery
✅A new non-precious metal-based bi-functional electrocatalyst (capable of catalyzing two different types of reactions) can decrease cost and increase the efficiency of metal air batteries.
✅Rise in demand for different energy sources, worldwide efforts are being made to develop different kinds of energy devices, such as lithium-ion batteries, lead-acid batteries, redox flow batteries, lithium-air batteries, zinc-air batteries, etc. sodium-ion batteries, fuel cells, and super capacitors.
✅Zn-air batteries have drawn significant attention due to their low cost and high energy density.
✅They are compact power sources for portable electronics and electric vehicles and energy storage devices to manage energy flow among renewable energy generators, such as wind turbines, photovoltaic panels, electric grids, and end-users
✅Major challenge for such batteries is catalyst development
✅A bi-functional catalyst works for oxygen reduction while discharging the battery and the same catalyst helps in oxygen evolution reaction during the charging cycle. Most of the conventional catalysts available consist of noble metals in their composition, making the batteries costly.
✅This catalyst synthesis method can also be used to recycle used ionomers (polymer composed of both neutral repeating units and ionized units).
✅Scientists have used an ion-exchange strategy that positions the metal ions in the carbon framework homogeneously, limits the particle size and offers control on composition and size at a very low loading of transition metal.
✅Cost-effectiveness is thus achieved by low loading of transition metal, high activity, and high cycling stability compared to many of the catalysts earlier reported in the literature.
✅Catalyst also leads to reduced voltage polarization, enabling higher energy efficiency and a stable charge-discharge characteristic.
✅The results obtained were comparable to that of conventionally used noble metal-based catalysts with metal loading of 20% or higher
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✅A new non-precious metal-based bi-functional electrocatalyst (capable of catalyzing two different types of reactions) can decrease cost and increase the efficiency of metal air batteries.
✅Rise in demand for different energy sources, worldwide efforts are being made to develop different kinds of energy devices, such as lithium-ion batteries, lead-acid batteries, redox flow batteries, lithium-air batteries, zinc-air batteries, etc. sodium-ion batteries, fuel cells, and super capacitors.
✅Zn-air batteries have drawn significant attention due to their low cost and high energy density.
✅They are compact power sources for portable electronics and electric vehicles and energy storage devices to manage energy flow among renewable energy generators, such as wind turbines, photovoltaic panels, electric grids, and end-users
✅Major challenge for such batteries is catalyst development
✅A bi-functional catalyst works for oxygen reduction while discharging the battery and the same catalyst helps in oxygen evolution reaction during the charging cycle. Most of the conventional catalysts available consist of noble metals in their composition, making the batteries costly.
✅This catalyst synthesis method can also be used to recycle used ionomers (polymer composed of both neutral repeating units and ionized units).
✅Scientists have used an ion-exchange strategy that positions the metal ions in the carbon framework homogeneously, limits the particle size and offers control on composition and size at a very low loading of transition metal.
✅Cost-effectiveness is thus achieved by low loading of transition metal, high activity, and high cycling stability compared to many of the catalysts earlier reported in the literature.
✅Catalyst also leads to reduced voltage polarization, enabling higher energy efficiency and a stable charge-discharge characteristic.
✅The results obtained were comparable to that of conventionally used noble metal-based catalysts with metal loading of 20% or higher
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🔆Draft Code On Social Security (employee’s compensation) (central) rules, 2021
✅Why in News- Ministry of Labour and Employment has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 for suggestions.
✅The Code on Social Security, 2020 amends and consolidates the laws relating to social security to extend social security to employees and workers in the organised as well as unorganised sectors.
✅Chapter VII (Employee’s Compensation) of the Social Security Code, 2020 envisages, inter-alia, provisions relating to employer’s liability for compensation in case of fatal accidents, serious bodily injuries or occupational diseases.
✅The draft Employee’s Compensation rules notified by the Central Government provide for the provisions relating to manner of application for claim or settlement,
🔸rate of interest for delayed payment of compensation,
🔸venue of proceedings and transfer of matters, notice and manner of transmitting money from one competent authority to another and
🔸arrangements with other countries for the transfer of money paid as compensation.
#economy
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✅Why in News- Ministry of Labour and Employment has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 for suggestions.
✅The Code on Social Security, 2020 amends and consolidates the laws relating to social security to extend social security to employees and workers in the organised as well as unorganised sectors.
✅Chapter VII (Employee’s Compensation) of the Social Security Code, 2020 envisages, inter-alia, provisions relating to employer’s liability for compensation in case of fatal accidents, serious bodily injuries or occupational diseases.
✅The draft Employee’s Compensation rules notified by the Central Government provide for the provisions relating to manner of application for claim or settlement,
🔸rate of interest for delayed payment of compensation,
🔸venue of proceedings and transfer of matters, notice and manner of transmitting money from one competent authority to another and
🔸arrangements with other countries for the transfer of money paid as compensation.
#economy
#prelims
PIB
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🔆Enhanced Pinaka Rockets
✅Defense Research and Development Organisation (DRDO) successfully test-fired an extended-range version of indigenously developed Pinaka rocket from a Multi-Barrel Rocket Launcher (MBRL) at Integrated Test
Range (ITR), Chandipur off the coast of Odisha.
✅All the mission objectives were met during the launches
▪️PINAKA ROCKET SYSTEM:
✅Pinaka is an indigenously developed rocket system named after Lord Shiva's mythological bow.
✅The rocket system has been developed jointly by Pune-based Armament Research and Development Establishment (ARDE) and High Energy Materials Research Laboratory
(HEMRL) with manufacturing support from M/s Economic Explosives Limited, Nagpur.
✅It is used for attacking the adversary targets prior to the close-quarter battles which involve smaller range artillery, armored elements and the infantry.
✅The development of the Pinaka was started by the DRDO in the late 1980s,
✅It can fire a salvo of 12 rockets over a period of 44 seconds
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✅Defense Research and Development Organisation (DRDO) successfully test-fired an extended-range version of indigenously developed Pinaka rocket from a Multi-Barrel Rocket Launcher (MBRL) at Integrated Test
Range (ITR), Chandipur off the coast of Odisha.
✅All the mission objectives were met during the launches
▪️PINAKA ROCKET SYSTEM:
✅Pinaka is an indigenously developed rocket system named after Lord Shiva's mythological bow.
✅The rocket system has been developed jointly by Pune-based Armament Research and Development Establishment (ARDE) and High Energy Materials Research Laboratory
(HEMRL) with manufacturing support from M/s Economic Explosives Limited, Nagpur.
✅It is used for attacking the adversary targets prior to the close-quarter battles which involve smaller range artillery, armored elements and the infantry.
✅The development of the Pinaka was started by the DRDO in the late 1980s,
✅It can fire a salvo of 12 rockets over a period of 44 seconds
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🔆'itat e-dwar', e-filing portal
✅'itat e-dwar' an e-filing portal of the Income Tax Appellate Tribunal has been launched.
✅The portal would enable the parties to file their Appeals, Miscellaneous Applications, documents, paper books, etc., electronically
▪️Benefits of ITAT-e - Dwar:
✅The portal will enhance the accessibility, accountability and transparency in the day to day working of the ITAT.
✅It will result in economization of use of paper, savings in costs and rationalization of fixation of cases which in turn help in quicker disposal of cases.
✅It would help parties to file their Appeals, Miscellaneous Applications, documents, etc electronically
▪️Income Tax Appellate Tribunal (ITAT):
✅It is a quasijudicial institution that specializes in dealing with appeals under the Direct Taxes Acts.
✅It was set up in 1941 under section 5A of the Income Tax Act, 1922.
✅Initially, it had three Benches at Delhi, Kolkata, and Mumbai.
✅Currently, the ITAT has 63 Benches at 27 different stations covering almost all the cities having a seat of the High Court.
✅lts motto is 'Nishpaksh Sulabh Satvar Nyay' which means impartial, easy, and speedy justice
✅It is referred to as the 'Mother Tribunal' being the oldest Tribunal in the country.
✅The orders passed by the ITAT are final, an appeal lies to the High Court only if a substantial question of law arises for determination.
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✅'itat e-dwar' an e-filing portal of the Income Tax Appellate Tribunal has been launched.
✅The portal would enable the parties to file their Appeals, Miscellaneous Applications, documents, paper books, etc., electronically
▪️Benefits of ITAT-e - Dwar:
✅The portal will enhance the accessibility, accountability and transparency in the day to day working of the ITAT.
✅It will result in economization of use of paper, savings in costs and rationalization of fixation of cases which in turn help in quicker disposal of cases.
✅It would help parties to file their Appeals, Miscellaneous Applications, documents, etc electronically
▪️Income Tax Appellate Tribunal (ITAT):
✅It is a quasijudicial institution that specializes in dealing with appeals under the Direct Taxes Acts.
✅It was set up in 1941 under section 5A of the Income Tax Act, 1922.
✅Initially, it had three Benches at Delhi, Kolkata, and Mumbai.
✅Currently, the ITAT has 63 Benches at 27 different stations covering almost all the cities having a seat of the High Court.
✅lts motto is 'Nishpaksh Sulabh Satvar Nyay' which means impartial, easy, and speedy justice
✅It is referred to as the 'Mother Tribunal' being the oldest Tribunal in the country.
✅The orders passed by the ITAT are final, an appeal lies to the High Court only if a substantial question of law arises for determination.
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🔆PMAY (URBAN)
✅Why in news: The Government approved 708 proposals for construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana – Urban (PMAY-U). With this, as on date, the total number of sanctioned houses under PMAY(U) is now 112.4 of which 48.31 lakh have been completed/delivered
▪️PMAY- U Awards 2021 - 100 Days Challenge
✅In addition, ‘PMAY- U Awards 2021 - 100 Days Challenge’ was also launched by Ministry of Housing & Urban Affairs (MoHUA) .
✅The awards are given to recognize and celebrate the outstanding performances by States, Union Territories (UTs), Urban Local Bodies (ULBs) and beneficiaries for successful implementation of the Mission.
▪️Pradhan Mantri Awas Yojana (URBAN)
✅Implementation period: The Mission will be implemented during 2015-2022.
✅Mission: To achieve the goal of Housing for All in Urban areas by 2022, when the Nation completes 75 years of its Independence.
✅Features: Under it, central assistance will be provided to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:
In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation
🔸Credit Linked Subsidy
🔸Affordable Housing in Partnership
🔸Subsidy for Beneficiary-led individual house construction/enhancement.
✅Funding: Credit linked subsidy component will be implemented as a Central Sector Scheme while other three components will be implemented as Centrally Sponsored Scheme (CSS).
✅Eligibility: All statutory towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.
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✅Why in news: The Government approved 708 proposals for construction of 3.61 lakh houses under Pradhan Mantri Awas Yojana – Urban (PMAY-U). With this, as on date, the total number of sanctioned houses under PMAY(U) is now 112.4 of which 48.31 lakh have been completed/delivered
▪️PMAY- U Awards 2021 - 100 Days Challenge
✅In addition, ‘PMAY- U Awards 2021 - 100 Days Challenge’ was also launched by Ministry of Housing & Urban Affairs (MoHUA) .
✅The awards are given to recognize and celebrate the outstanding performances by States, Union Territories (UTs), Urban Local Bodies (ULBs) and beneficiaries for successful implementation of the Mission.
▪️Pradhan Mantri Awas Yojana (URBAN)
✅Implementation period: The Mission will be implemented during 2015-2022.
✅Mission: To achieve the goal of Housing for All in Urban areas by 2022, when the Nation completes 75 years of its Independence.
✅Features: Under it, central assistance will be provided to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:
In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation
🔸Credit Linked Subsidy
🔸Affordable Housing in Partnership
🔸Subsidy for Beneficiary-led individual house construction/enhancement.
✅Funding: Credit linked subsidy component will be implemented as a Central Sector Scheme while other three components will be implemented as Centrally Sponsored Scheme (CSS).
✅Eligibility: All statutory towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.
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🔆Bankim Chandra Chattopadhyay
✅Why in News- The Prime Minister, Shri Narendra Modi has paid homage to Rishi Bankim Chandra Chattopadhyay on his Jayanti.
▪️About:
✅Bankim Chandra Chatterjee or Bankim Chandra Chattopadhyay (1838 – 1894) was an Indian novelist, poet and journalist.
✅He is known as Sahitya Samrat (Emperor of Literature) in Bengali. He wrote fourteen novels and many serious, serio-comic, satirical, scientific and critical treatises in Bengali.
✅He also received the title of Rai Bahadur in 1891.
✅One of his brothers, Sanjib Chandra Chattopadhyay was also a novelist and is known for his book "Palamau".
▪️Literary career
✅Chattopadhyay's earliest publications were in Ishwar Chandra Gupta's weekly newspaper Sangbad Prabhakar.
✅Durgeshnandini (Daughter of the Feudal Lord) is a Bengali historical romance novel written by Indian writer Bankim Chandra Chattopadhyay in 1865. Durgeshnandini is the first Bengali novel written by him as well as the first major Bengali novel in the history of Bengali literature.
✅Anandamath is a Bengali fiction, written by him and published in 1882. It is inspired by and set in the background of the Sannyasi Rebellion in the late 18th century. Vande Mataram as the Motherland was published in this novel.
✅Vande Mataram (also pronounced Bande Mataram) is a Bengali poem, written by Bankim Chandra Chatterjee , originally in Sanskrit, in 1870s, which he included in his 1882 novel Anandamath.
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✅Why in News- The Prime Minister, Shri Narendra Modi has paid homage to Rishi Bankim Chandra Chattopadhyay on his Jayanti.
▪️About:
✅Bankim Chandra Chatterjee or Bankim Chandra Chattopadhyay (1838 – 1894) was an Indian novelist, poet and journalist.
✅He is known as Sahitya Samrat (Emperor of Literature) in Bengali. He wrote fourteen novels and many serious, serio-comic, satirical, scientific and critical treatises in Bengali.
✅He also received the title of Rai Bahadur in 1891.
✅One of his brothers, Sanjib Chandra Chattopadhyay was also a novelist and is known for his book "Palamau".
▪️Literary career
✅Chattopadhyay's earliest publications were in Ishwar Chandra Gupta's weekly newspaper Sangbad Prabhakar.
✅Durgeshnandini (Daughter of the Feudal Lord) is a Bengali historical romance novel written by Indian writer Bankim Chandra Chattopadhyay in 1865. Durgeshnandini is the first Bengali novel written by him as well as the first major Bengali novel in the history of Bengali literature.
✅Anandamath is a Bengali fiction, written by him and published in 1882. It is inspired by and set in the background of the Sannyasi Rebellion in the late 18th century. Vande Mataram as the Motherland was published in this novel.
✅Vande Mataram (also pronounced Bande Mataram) is a Bengali poem, written by Bankim Chandra Chatterjee , originally in Sanskrit, in 1870s, which he included in his 1882 novel Anandamath.
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#prelims
PIB
Join @PIB_UPSC