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Posted 01 Jul 2024

8 min read

Smart City Mission

Centre government  has extended the Smart City Mission timeline till March, 2025.

About Smart City Mission

  • Ministry: Ministry of Housing and Urban Affairs (MoHUA).
  • It was launched in  2015 as a Centrally Sponsored Scheme.
  • Aimed at promoting cities that provide core infrastructure, a clean and sustainable environment, and a high quality of life through the application of 'smart solutions'.
  • Tags :
  • Ministry of Housing and Urban Affairs
  • Smart City Mission

Liberalised Remittances Scheme (LRS)

Indians took out $17 billion in 2023-24 for overseas travel under the RBI’s LRS.

About Liberalised Remittances Scheme

  • Genesis: Introduced in 2004
  • Benefit: all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both.
  • There are no restrictions on the frequency of remittances under it.
  • The Scheme is not available to corporates, partnership firms, Hindu Undivided Family (HUF), Trusts etc.
  • Tags :
  • RBI
  • Liberalised Remittances Scheme (LRS)

Santhal Rebellion

The 169th anniversary of the Santhal rebellion is celebrated.

  • June 30 is celebrated as Hool diwas every year in commemoration of rebellion.

About Santhal Rebellion (1855-1856)

  • Leaders: Siddho, Kanho, Chand, and Bhairav, along with sisters Phulo and Jhano.
  • Location: Rajmahal Hills
  • Cause: exploitation and oppression of the Santhals by British colonial authorities and moneylenders.
  • Karl Marx has referred to it as India’s first organised mass revolution in his book Notes on Indian History.
  • The Santhal Pargana Tenancy Act of 1876  enacted by the British after the rebellion.
    • The territories called 'Santhal Paraganas' were created.
    • It became illegal for a Santhal to transfer land to a non-Santhal.
  • Tags :
  • Santhal Rebellion
  • Santhal Paraganas
  • Hool diwas

Eco-friendly supercapacitors

Researchers at Government College for Women, Thiruvananthapuram, have developed a method to produce activated carbon for supercapacitors from coconut husks.

  • It can be used to attain sustainable and efficient green solutions for high-performance supercapacitors.
  • Activated carbon acts as an ideal material for a supercapacitor because of the high surface area.
  • A supercapacitor is an electrochemical energy storage device, which can be used to store and deliver charge by reversible adsorption and desorption of ions.
  • Tags :
  • Eco-friendly supercapacitors
  • Supercapacitors

Anti dumping duty

India initiates anti-dumping probe into import of glass fibre from China, Thailand, Bahrain

About Anti dumping duty:

  • Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. 
    • This is an unfair trade practice which can have a distortive effect on international trade.
  • Purpose: protect domestic industry from cheap imports.
  • The use of anti dumping measures as an instrument of fair competition is permitted by the WTO Anti-dumping Agreement.
  • Tags :
  • Anti dumping duty
  • WTO Anti-dumping Agreement

Shyok River

Five soldiers died after a tank was swept away by Shyok river in Ladakh. 

Shyok river

  •  It is a right tributary of the Indus River. 
  • Originates from the Rimo glacier and joined by Nubra River from the north. 
    • Shyok and Nubra are the main rivers of Nubra Valley.
  • Drains northern Karakoram mountains. 
  • Its placer deposit contains Gold. 
  • Shyok village on its riverbank is the last Indian village on the road to Daulat Beg Oldie (DBO), a military base near the India-China border.
  • Tags :
  • Shyok River
  • Daulat Beg Oldie
  • Nubra Valley
  • Karakoram mountains
  • Indus River.

Gandhi Sarovar

A massive avalanche hit the Gandhi Sarovar also known as Chorabari Tal located near Kedarnath Temple in Uttarakhand.

Gandhi Sarovar

  • Originally known as Kanti Sarovar.
  • Originates from the Chorabari Bamak Glacier
  • It is believed that at this Lake Lord Shiva imparted the knowledge of yoga to the Saptrishis. 

Kedarnath Temple

  • One of the 12 Jyotirlingas (dedicated to bhagwan Shiva) in India. 
  • A part of the Char Dham circuit in the state (Yamunotri, Gangotri, and Badrinath are the remaining 3).
  • Tags :
  • Gandhi Sarovar
  • Chorabari Bamak Glacier
  • Kedarnath Temple

Employees’ Pension Scheme

EPS scheme has been amended to give proportionate withdrawal benefits to members with less than six months of contributory service.

  • So far, completing 6 months of contributory service was mandatory for such withdrawal benefit.

About EPS 1995

  • Nodal Ministry: Ministry of Labour & Employment.
  • Pension scheme: EPS is a “Defined Contribution-Defined Benefit” Scheme.  Employees’ Pension Fund is made up of contributions by
    • employer @ 8.33% of wages; and 
    • Central budget @ 1.16% of wages up to an amount of Rs.15,000/- per month. 
  • Withdrawal benefit: Given to EPS members who leave the scheme before completing 10 years of contributory service.
  • Minimum Superannuation pension:  Rs. 1000
  • Tags :
  • Employees’ Pension Scheme
  • Employees' Provident Funds and Miscellaneous Provisions Act, 1952
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