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Posted 24 Sep 2024

8 min read

Barak Bhuban Wildlife Sanctuary

National Green Tribunal stayed construction of road inside Barak Bhuban Wildlife Sanctuary. 

Barak Bhuban Wildlife Sanctuary

  • Location: Spread between Barak and Sonai Rivers in Assam’s Cacher district. 
    • Named after second largest river in Northeast, Barak. 
    • Barak Valley also houses Borail Wildlife Sanctuary. 
  • It was notified in 2022 by Assam Government.
  • Fauna: 8 recorded species of primates, namely, slow loris, rhesus, pig-tailed, stump-tailed, Assamese macaque, capped langur, hoolock gibbon, etc.
    • Provides suitable habitat for King Cobra.
  • Tags :
  • Barak Bhuban Wildlife Sanctuary
  • Barak River
  • Borail Wildlife Sanctuary

Futures & Options (F&O)

SEBI study highlighted that 93% of individual F&O traders have incurred losses between 2022-24.

About F&O 

  • They are derivative instruments deriving its value/price from an underlying asset.
  • Options: Provide holders’ the right (not obligation) to buy or sell an underlying asset at a specified price within a set timeframe.
    • It is of two types:  Call,  gives right to buy to the holder and Put, gives the right to sell. 
  • Futures: Standardized contracts obligating the buyer/seller to purchase/deliver an underlying asset at a predetermined price on a specified future date. 
  • Tags :
  • Derivatives
  • Future & Option Trading
  • Call Option
  • Put Option

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

CGTMSE has approved guarantees amounting to Rs 1 lakh crore.

About CGTMSE

  • Set up in 2000 by Ministry of Micro, Small and Medium Enterprises and SIDBI
  • Aim: To provide credit guarantee support to member lending institutions for credit facilities sanctioned by them to MSEs, especially in absence of collateral.
  • Eligible Lending Institutions: Scheduled commercial banks (Public Sector Banks/Private Sector Banks/Foreign Banks) and select Regional Rural Banks. 
  • Corpus Contribution: Government and SIDBI in ratio of 4:1
  • Tags :
  • CGTMSE
  • MSME

National Cadet Corps (NCC)

Ministry of Defence has approved expansion plan for NCC Cadet Vacancies by 3 Lakh, raising the total strength from 17 lakhs to 20 lakhs in coming years.

About NCC (HQ: New Delhi)

  • Established under ‘The National Cadet Corps Act 1948’.
  • Aims at developing character, comradeship, discipline, secular outlook, the spirit of adventure and ideals of selfless service amongst young citizens.
  • Nature of NCC Programme is voluntary.
  • Motto: Unity and Discipline.
  • Ministry: Ministry of Defence.
  • Conduct of NCC activities is a joint responsibility of Central and State Governments in terms of policies, finances, administrative and other aspects.
  • Tags :
  • National Cadet Corps
  • National Cadet Corps Act 1948

Sustainable Road Construction Practices

Recently, Ministry of Road Transport & Highways (MoRTH) has issued policy guidelines to promote use of urban solid waste/inert materials in construction of National Highways.

Sustainable Road Construction Practices:

  • Use of inert soil: It is a major component of solid waste which is generated by bio-remediation and bio-mining
  • Use of Waste Plastic as modifier in binder: leads to higher resistance to deformation and water induced damages.
  • Geo-synthetics: Reinforcement in pavement, slope protection
  • Fly-ash: Embankment, cement concrete, stabilization
  • Cold mix asphalt (CMA): Unlike hot mix asphalt, CMA is produced without need for heating aggregates or asphalt binder.
    • It produces lower emissions & is energy efficient.

 

  • Tags :
  • Inert Soil
  • Waste Plastics
  • Geo-synthetics
  • Cold Mix Asphalt

Computer Security Incident Response Team (CSIRT) - Power

Union Minister of Power has inaugurated CSIRT–POWER facility in New Delhi.

About CSIRT–POWER facility

  • It was initiated by Ministry of Power following the National Cyber Security Policy and in collaboration with CERT-In.
  • Equipped with advanced infrastructure, cutting-edge cybersecurity tools, CSIRT-Power is well-prepared to tackle emerging threats.
  • Objective is to build and enhance the cybersecurity resilience in Indian Power Sector, through a structured and coordinated approach.
  • Setup under Central Electricity Authority.
  • CERT-In is providing requisite leadership for to coordinate all incident and other cyber security activities in Power sector.
  • Tags :
  • CSIRT-Power
  • CERT-In
  • Central Electricity Authority

Unlawful Activities (Prevention) Act (UAPA), 1967

Supreme Court ruled that 14-day timeline for granting sanction for prosecution under UAPA, 1967 is mandatory and not discretionary. 

About UAPA, 1967

  • It provides for more effective prevention of certain unlawful activities of individuals and associations and for dealing with terrorist activities.
  • Prosecution of individuals accused of terrorism requires prior sanction from government via two steps i.e. 
    • An independent authority must review evidence gathered by investigators and make a recommendation to government within seven working days. (Rule 3 of Unlawful Activities (Prevention) (Recommendation & Sanction of Prosecution) Rules, 2008)
    • Government then has an additional seven working days to decide whether to grant or deny sanction based on authority’s recommendation. (Rule 4)
  • Tags :
  • Unlawful Activities (Prevention) Act (UAPA), 1967
  • Prosecution under UAPA, 1967

Cancer Moonshot Initiative

QUAD Countries (India, United States, Australia and Japan) Launched Cancer Moonshot Initiative.

About Cancer moonshot Initiative:

  • To strengthen overall cancer care ecosystem in Indo-Pacific by improving health infrastructure, research collaborations, etc.
  • Promoting HPV vaccination to treat cervical cancer, increasing access to screenings, and expanding treatment options.
  • India’s contribution to Cancer Moonshot Initiative:
    • Grant of US $7.5 million to cancer testing, screening, and diagnostics in Indo-Pacific region.
    • Support for radiotherapy treatment and capacity building in Indo-Pacific.
    • Technical assistance to interested countries on DPI for cancer screening, care and continuum through its US $10 million contribution to WHO’s-Global Initiative on Digital Health
  • Tags :
  • Cancer Moonshot Initiative
  • HPV vaccination
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