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Posted 24 Aug 2024

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Bharatiya Nagarik Suraksha Sanhita (BNSS)

Supreme Court upheld the retrospective benefit of section 479 of BNSS for first-time offenders. 

  • BNSS replaced the Code of Criminal Procedure (CrPC) from July 1, 2024. 

About Section 479 

  • Under Section 479, undertrials who have spent at least half of the maximum sentence prescribed for their offense in detention (during investigation, inquiry, or trial) are entitled to bail.
    • For first-time offenders, the requirement is reduced to one-third of the maximum sentence.
  • Exclusions: The provision does not apply to offenses where the punishment is life imprisonment or death.
  • Tags :
  • Bharatiya Nagarik Suraksha Sanhita (BNSS)
  • Section 479

Bandicoot Mini

Bandicoot Mini has been launched by Start-up Genrobotic Innovations. 

  • It is more compact and affordable version of the Bandicoot robot. 

About Bandicoot Robot

  • It's a manhole-cleaning robot that does all the tasks that are manually done inside the manhole. 
    • It can be controlled and monitored by the control panel placed outside the manhole
  • With its specially designed human-comparable robotic arm it unblocks the sewer line system. 
  • It will help in eradicating manual scavenging. 
  • Tags :
  • Bandicoot
  • Manual Scavenging
  • Tank/Manhole Cleaning Robot

National Plant Protection Organization (NPPO)

Ministry of Agriculture allows blueberry import from Poland exclusively from orchards registered with NPPO. 

  • India imports blueberries from countries like the US, Canada, Poland, and Peru. 

About NPPO

  • NPPO is a country-level institution that acts as official competent authority for plant protection under the International Plant Protection Convention (IPPC) 1951.
    • IPPC is an intergovernmental treaty to protect the world's plants, agricultural products, & natural resources from plant pests. 
      • India is a signatory.
  • Directorate of Plant Protection Quarantine and Storage, under Ministry of Agriculture, is the NPPO of India.
    • It is responsible for implementation of phytosanitary certification program as per IPPC. 
  • Tags :
  • National Plant Protection Organization
  • International Plant Protection Convention
  • Directorate of Plant Protection Quarantine and Storage

Surety Bond

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a task force to address challenges and drive the growth of surety bond insurance.

About Surety Bond

  • A surety bond is a risk transfer mechanism wherein an insurer provides a guarantee to a beneficiary or obligee that the principal or contractor will meet his contractual obligations.
  • Three parties involved in a surety guarantee:
    • Principal: Could be the owner or contractor
    • Obligee:  Government entity or person requiring principal to be bonded.
    • Surety: Provides financial guarantee to obligee on behalf of principal.
  • Significance: Unlike traditional bank guarantees, surety bonds provide a more comprehensive and efficient solution for different sectors, particularly in construction, etc. 

 

  • Tags :
  • IRDAI
  • Surety Bonds

Lothal

Under the Sagarmala programme, Ministry of Ports, Shipping and Waterways is developing the National Maritime Heritage Complex (NMHC), at Lothal, Gujarat.

About Lothal

  • Name "Lothal" comes from Gujarati words which mean "mound of the dead".
  • Location: Situated beside a tributary of Sabarmati River in Gujarat, close to Gulf of Khambat.
  • Notable features:
    • World's oldest known artificial dock.
    • Fire altars in houses and public places.
    • Advanced drainage system made of burnt bricks.
    • Storehouse containing many seals and sealings.
    • Mud brick Houses. 
  • Lothal was near sources of carnelian, steatite and metal. 
  • Lothal was a thriving trade centre, with its trade of beads, gems and ornaments reaching West Asia and Africa. 
  • Tags :
  • Lothal
  • National Maritime Heritage Complex (NMHC)
  • Sabarmati River

Rights Issue

SEBI releases consultation paper to seek suggestions for enabling faster Rights Issue.

  • It aims to make Rights Issues a preferred mode vis a vis other modes of fund raising such as Qualified Institutional Placement (QIP) and Preferential Allotments.

Rights Issue

  • It is a method of raising additional capital through issuance of additional shares to the existing shareholders in a company.
  • Benefits: 
    • For company: Raise additional capital at lower cost, pay down debt.
    • For Shareholders: Enable purchasing of more shares at a discount, and tradability of rights entitlement.
  • Tags :
  • SEBI
  • Rights Issue

Tanager-1

Recently, Tanager-1 satellite has been launched.

About Tanager-1

  • It is a Carbon Mapper’s Coalition first Satellite and has been developed by Planet Labs PBC. 
    • Carbon Mapper is a nonprofit organization focused on facilitating timely action to mitigate greenhouse gas emissions. 
  • Aim:  Detecting and Mapping high priority areas for methane and carbon dioxide with high resolution. 
    • Methane is over 80 times more powerful at retaining heat in the atmosphere than CO2, contributing to about 30% of global temperature rise to date.
  • Instruments: uses  imaging spectrometer technology developed at Jet Propulsion Laboratory, NASA
  • Tags :
  • NASA
  • Tanager-1
  • Carbon Mapper

Creative Economy

Indian Chamber of Commerce (ICC) launched the All India Initiative on Creative Economy (AIICE). 

  • It conceptualizes a forum where India’s creative industries could come together and collaborate on various matters related to the creative economy.

About Creative Economy (or orange economy)

  • It is an evolving concept which builds on the interplay between human creativity and ideas and intellectual property, knowledge and technology.
    • It includes advertising, architecture, arts and crafts, design, fashion, performing arts, electronic publishing etc.
  • Status: India’s creative economy is worth $30 billion and employs  8% of working population
  • Tags :
  • Creative Economy
  • Orange Economy
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