UPSC Prelims + Mains 2024
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Passage

The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated
form, but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. The economic problem of society is thus not merely a problem of how to allocate 'given' resources – if 'given' is taken to mean given to a single mind which deliberately solves the problem set by these 'data.' It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only these individuals know. Or, to put it briefly, it is a problem of the utilization of knowledge which is not given to anyone in its totality.

Q. Which of the following statements best reflects the key inference of the passage?

a) The problem of a rational economic order can be easily solved if all the necessary knowledge is available to a single mind.

b) The knowledge required for a rational economic order is concentrated in the hands of a few individuals who are best suited to make decisions.

c) The economic problem of society is a problem of how to secure the best use of resources known to any of the members of society.

d) The utilization of knowledge in a rational economic order is easy to achieve once all the individuals in society possess the same knowledge
Answer
Anonymous Quiz
13%
A
40%
B
40%
C
8%
D
🔆What is India-Middle East-Europe Economic Corridor (IMEEC)?

An Indian delegation recently paid a visit to the UAE for the first time to hold discussions with the key entities there on the India-Middle East-Europe Economic Corridor (IMEEC).

📍 India-Middle East-Europe Economic Corridor (IMEEC): 

It was announced on the sidelines of the G20 meeting in New Delhi when a memorandum of understanding was signed between the European Union and seven countries, namely India, the US, Saudi Arabia, the United Arab Emirates (UAE)France, Germany, and Italy.
The corridor will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement existing maritime routes. 
It intends to increase efficiency, reduce costs, secure regional supply chains, increase trade accessibility, enhance economic cooperation, generate jobs, and lower greenhouse gas emissions.
The IMEEC will comprise two separate corridors, the east corridor connecting India to the Gulf and the northern corridor connecting the Gulf to Europe.
The corridor will include a shipping route connecting Mumbai and Mundra (Gujarat) with the UAE, and a rail network connecting the UAE, Saudi Arabia, and Jordan with the Israeli port of Haifa to reach the shores of the Mediterranean Sea.
Haifa will then be connected by sea to the port of Piraeus in Greece to eventually be connected to Europe.
Beyond the transport infrastructure, undersea cables would facilitate the exchange of data, while long-distance hydrogen pipelines would boost the participants’ climate and decarbonisation goals.

#gs2
#ir
#gs3
#economy

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🔆 The grandeur of the chola empire one of the longest ruling dynasties in south India

#GS1
#art_and_culture

@upsc_the_hindu_ie_editorial
@upsc_art_and_culture
🔆WHO updated the Bacteria pathogen Priority list.

📍Bacterial Pathogens Priority List:

It is an important tool in the global fight against antimicrobial resistance.

In 2017, WHO developed the first BPPL to guide investment into the R&D of new antibacterials and it listed 13 bacterial pathogens (phenotypes).

The 2024 WHO BPPL covers 24 pathogens, spanning 15 families of antibiotic-resistant bacterial pathogens. 

The 2024 list categorizes these pathogens into critical, high, and medium priority groups to inform research and development (R&D) and public health interventions.

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#health
#prelims

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@upsc_science_and_technology
🔆special Initiatives “NIDHI” & “STAR Program” for the development of indigenous telecom solutions & technologies.

Through STAR” Program C-DOT offers scholarship to PhD student one each from the top 20 NIRF (National Institute Ranking Framework) ranking engineering institute.

#gs2
#goverment_scheme
#pib

Join @PIB_UPSC
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doc2023919253701.pdf
420.7 KB
UNESCO India World Heritage Properties
doc2023919253801.pdf
432.9 KB
UNESCO India: Properties On The Tentative List
doc2023919253901.pdf
467.6 KB
India inscribes 2 properties on the UNESCO’s World Heritage List in the 45th Extended World Heritage Committee meeting at Riyadh (Kingdom of Saudi Arabia)

Join @CSE_EXAM
IMG_20240522_113651.jpg
1.6 MB
Tiger reserves in India
🔆Humboldt glacier in news

Venezuela is likely become the first country in modern history to loose all its glaciers.
Humboldt the glacier of Venezula has shrunk to an area of less than 2 meter

📍Why glacier loss matters
?

Glaciers are the largest fresh water sources
Cold glacier runoffs keep downstream water cooler, key to survival of many aquatics species
Glaciers are main source of perennial rivers
Melting of glacier can contribute to rise in sea levels


#gs1
#geography
#prelims

@upsc_prep_squad
🔆India’s First Biomass-Based Hydrogen Plant

India’s first commercial-scale biomass-based Hydrogen Plant will come up at the Khandwa
district of Madhya Pradesh


🔆Willow Project
Recently, the Joe Biden-led United States administration formally approved the
controversial Willow project in Alaska.
Willow Project is a massive and decades-long oil drilling venture on Alaska’s North Slope in the National Petroleum Reserve


🔆India Annual State Minister’s Conference on Water
Recently, the 1st All India Annual State Minister’s
Conference on Water organized by the Union Ministry of Jal Shakti in Bhopal.
The theme of the 1st Conference is ‘Water Vision
@ 2047’.


🔆Red Sanders Falls Back in IUCN’s ‘Endangered’ Category
Red Sanders (Red Sandalwood) has fallen back
into the ‘endangered’ category in the International
Union for Conservation of Nature’s (IUCN) Red List. The species was classified as ‘near threatened’ in 2018
.

🔆Methane Global Tracker report is the annual report
released by the International Energy Agency.
📍Global Methane Pledge
It was announced by the US and EU.
It aims to reduce methane emissions by 30% in
2030 as compared to 2020.

🔆MARS:
MARS is Methane Alert and Response System.
It integrates data related to methane emissions.
It was launched by the United Nations Environment Programme. It is a
satellite-based monitoring programme

🔆Agriculture Innovation Mission
Recently, India Joins the Agriculture Innovation
Mission for Climate.
The Agriculture Innovation Mission for Climate is a
joint initiative of the US and UAE

🔆India’s First Geo Park
The first geological park of India will be built in Lamheta, Jabalpur in Madhya Pradesh. In January 2022, approval for the park was given by the Geological Survey of India, under the Ministry of
Mining

🔆India's First Geo Thermal Energy Project in Ladakh
Geological Survey of India (GSI) estimate suggests
that there could be 10 GW geo-thermal power potential in our country. In a recent development Oil and Natural Gas Corporation (ONGC) started
drilling for India's first geo thermal energy project
Puga Valley in Ladakh

New Target under National Clean Air
Programme
Recently, the central government has set a new target
of a 40% reduction in particulate matter (PM)
concentration in cities covered under the National
Clean Air Programme (NCAP) by 2026. The earlier goal was 20 to 30% reduction by 2024

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@studytoday1
🔆A recent report of UN says, Indian pastoralists need better access to land, recognition of rights

#gs2
#prelims
#polity_governance

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🔆Unrest in New caledonia

📍New Caledonia:

It is a French overseas collectivity with significant autonomy under the terms of the 1998 Nouméa Accord.
It is located in the southwestern Pacific Ocean, about 1,500 km east of Australia.
New Caledonia is an ancient fragment of the Gondwana supercontinent.
It comprises the main island of Grande Terre, the four Loyalty Islands (Ouvéa, Lifou, Tiga, and Maré), the Belep archipelago, the Isle of Pines, and some remote islands.
Capital: Nouméa
New Caledonians are French and European citizens with the right to live anywhere inFrance. They are entitled to vote in territorial and French national elections.
The President of the French Republic is New Caledonia's Head of State and is represented in New Caledonia by a High Commissioner.
It is one of the European Union’s Overseas Countries and Territories (OCTs), but is not part of the EU, the Euro, or Schengen zones.

#Mapping - Click here
#gs2
#ir
#prelims

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🔆PLI sechme may be extended beyond 2026 for smart phones

PLI scheme

#gs3
#economy

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