Also in News
Posted 06 Aug 2024
8 min read
Front Running
SEBI notifies norms for mutual funds for preventing fraudulent transactions and front running.
Front Running
- Refers to usage of non-public information to directly or indirectly buy or sell securities, or enters into options or futures contracts, in advance of a substantial order. (Securities and Exchange Board of India (SEBI))
- It undermines confidence in the financial markets and creates an uneven playing field for other investors.
- It is illegal in India
- Tags :
- SEBI
- Front Running
World Craft City
Recognition of Srinagar as World Craft City (WCC) by the World Crafts Council has provided opportunities to the craftsmen to enhance their skills and roots.
- Srinagar is one of four WCC in India (others being Jaipur, Mamallapuram, and Mysore), and among 60 around the globe.
WCC
- Launched in 2014 by World Crafts Council- International.
- Establishes a dynamic network of craft cities across the globe, aligning with the principles of creative economy.
- Recognizes the role of local authorities, craftspeople, and communities in cultural, economic, and social development worldwide.
- Tags :
- World Craft Council
- World Craft City
Mudra loans
The Finance Minister held that the non-performing assets (NPA) associated with Mudra loans have come down to 3.4% (2023-24) from 4.77% (2020-21).
Mudra (Micro Units Development & Refinance Agency) Loans
- Given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs to the non-corporate, non-farm small/micro enterprises.
- Given under the Pradhan Mantri MUDRA Yojana (PMMY), 2015.
- PMMY aims to bring small entrepreneurs within the formal financial system.
- Classified into three categories: Shishu, Kishor, Tarun.
- In Budget 2024, the limit of MUDRA loans has been increased from Rs 10 lakh to Rs 20 lakh for those who have successfully repaid loans taken under tarun.
- Tags :
- Financial Inclusion
- Mudra Loan
- Pradhan Mantri MUDRA Yojana (PMMY)
Astra missile
Air Force approves production of 200 Astra Mark 1 missile
About Astra Missiles
- It is a Beyond Visual Range (BVR) class of Air-to-Air Missile (AAM) system designed to be mounted on fighter aircraft.
- The ASTRA Mk-I Weapon System integrated with SU-30 Mk-I aircraft is being inducted into the Indian Air Force (IAF).
- It has range from 80 to 110 km.
- The missile is designed to engage and destroy highly manoeuvring supersonic aircraft.
- It is developed by the Defence Research and Development Organisation and manufactured by Bharat Dynamics Limited.
- Tags :
- Missile
- DRDO
- Astra Missile
Demands for Grants
Lok Sabha recently passed outstanding Demands for Grants from Union Budget 2024-25
About Demand for Grants
- Form in which estimates of expenditure from consolidated fund included in budget are presented to Lok Sabha. .
- DFGs are submitted in pursuance of Article 113 of Constitution.
- Article 113 (iii) says No demand for a grant shall be made except on the recommendation of the President.
- Once DFGs are approved (with or without modifications), they become part of the Appropriation Bill.
- Bill once passed , allows government to withdraw funds from Consolidated Fund of India to meet its expenses and liability.
- Tags :
- Demand for Grants
- Article 113
Methanotrophs
Agharkar Research Institute has described India’s first cultures of indigenous methanotrophs named Methylocucumis oryzae.
- Name ‘methane eating cucumbers’ has been given to this novel genus.
About Methanotrophs (Methane-utilizing bacteria)
- These bacteria oxidize methane and build up their biomass.
- Habitat: Wetlands, rice fields, ponds and other water bodies
- Biofiltering: These bacteria can oxidize methane produced in anaerobic environments.
- When oxygen is present in soils, atmospheric methane is also oxidized.
- These bacteria are natural methane mitigating agents.
- Significance: Tackling Global Warming by reducing methane concentration in soil & atmosphere.
- Tags :
- Methane emission
- Methanotrophs
- Biofiltering
Articles Sources
Zinc Air Battery
CSIR develops durable batteries for energy solutions in remote sub-zero conditions.
Zinc Air Batteries
- Type of metal-air battery that consists of a zinc negative electrode and an air (oxygen) positive electrode.
CSIR developed Zinc air Battery:
- It has been developed by combining an efficient durable cathode catalyst and an anti-freezing electrolyte fabricated for zinc-air batteries.
- It used CoFe/Fe3C alloy/carbide hybrid structure which enhances durability and efficacy in both liquid and solid-state zinc-air batteries.
- Benefits: portable, flexible, lightweight and can be used in extreme cold conditions.
- Tags :
- Metal Air Battery
- Zinc Air Battery
PARIVESH Portal
Centre’s PARIVESH portal crosses 50,000 clearances milestone.
About Parivesh Portal
- Parivesh stands for Pro Active and Responsive Facilitation by Interactive and Virtuous Environmental Single-window Hub.
- Developed by Ministry of Environment, Forest and Climate Change through NIC.
Objective
- Acts as a single window portal for Environment, Forest, Wildlife and Coastal Regulation Zone (CRZ) clearances and monitor their subsequent compliance across nation.
- Tags :
- Environmental Clearance
- PARIVESH
Articles Sources
News Today (Aug 06, 2024)