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Current Affair - 3 October 2024 -
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Current Affair – 3 October 2024

How a Nearby River Contributes to the Rise of Mt Everest, According to New Study

Why in News?
The loss of landmass in the Arun River basin, which spreads across Nepal and Tibet and is 75 km away from Everest, is causing the world’s tallest peak to rise by up to 2 mm a year, the study said.

Mount Everest and Its Rising Height

Arun River

What is a River Basin?

A river basin is land drained by a river and tributaries, including surface water and groundwater.

Processes Affecting Everest’s Height

What is a Tectonic Plate?

Tectonic Plates are large, rigid pieces of the Earth’s lithosphere (the outermost shell) that fit together like a jigsaw puzzle, covering the Earth’s surface.

Boundaries:

Importance:

Way Forward

Further research confirms findings on river systems’ influence on mountain formation and topography.

10 Years of Swachh Bharat Mission: Its Aims and Status on Key Targets

Why in News?
SBM’s focus areas were building individual toilets, community toilets, solid waste management, and leading awareness campaigns aimed at behavioural changes.

Swachh Bharat Mission (SBM) Overview

Key Focus Areas

Targets of SBM

Achievements So Far

Current Statistics

Impact of the Mission

Important Terms and Definitions

Who is an Overseas Citizen of India? What are the Rights and Privileges of OCI Card Holders?

Why in News?
The Consulate General of India in New York has clarified that recent rumors claiming OCI card holders are being reclassified as “foreigners” are false. The Ministry of External Affairs reiterated that the existing rules for OCI card holders remain unchanged.

Overview of OCI

Rights and Privileges of OCI Card Holders

Latest Rules Regarding OCIs

Who Cannot Be an OCI?

Restrictions on OCI Card Holders

Key Terms

Way Forward

Continuous monitoring and clarifications regarding OCI rules are essential to prevent misinformation and ensure the rights of OCI card holders are upheld.

What Special Status is Ladakh Seeking? | Explained

What in News?
Climate activist Sonam Wangchuk was detained while protesting for Ladakh’s inclusion in the Sixth Schedule, echoing similar demands in Arunachal Pradesh and Manipur for ethnic safeguards.

Asymmetrical Federalism in India

The system where certain states or regions have more autonomy than others, in contrast to symmetrical federations like the U.S. or Australia, where all states have the same powers.

Fifth and Sixth Schedules – Historical Context

Fifth Schedule

Sixth Schedule

Ladakh’s Demand for Sixth Schedule Status

Special Provisions for Northeastern States

Further Reforms and Issues

Way Forward

To support Ladakh’s Sixth Schedule demand, amend the Constitution, engage in dialogue, extend Article 371, establish ADCs, and ensure legal safeguards.

PM Launches Package for Scheme Saturation in Tribal-Majority Villages

What in News?
On October 2, 2024, the launch of the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan took place to provide essential services in tribal-majority villages, honoring tribal leader Birsa Munda.

Overview of Tribal Development Initiatives in India

Tribal development initiatives are government programs designed to uplift and empower Scheduled Tribes (STs) through various socio-economic measures, infrastructure development, and access to essential services. India’s approach to tribal development involves multiple schemes and constitutional provisions aimed at ensuring the welfare and empowerment of tribal communities.

Dharti Aaba Janjatiya Gram Utkarsh Abhiyan

Key Features of the Package:

Special Provisions for Tribal Welfare

The package reinforces the government’s dedication to tribal welfare and development, as evidenced by previous initiatives like the PM-JANMAN package.

Key Terms

PM Modi Says India Trusted Partner in Jamaica’s Development Journey

What in News?
India has been a “trusted partner” in Jamaica’s development journey, ready to share expertise in areas such as digital public infrastructure, biofuel, innovation, and health, says Indian PM.

India-Jamaica Relationship

The bilateral relationship between India and Jamaica is strong, deeply rooted in historical and cultural ties. The Indian diaspora, which arrived in Jamaica 180 years ago as indentured laborers, plays a significant role in people-to-people connections.

What is Indian Diaspora?

The population of Indian-origin people who live outside India, either as expatriates, citizens of other countries, or descendants of earlier emigrants.

Key Aspects of the Indian Diaspora

Key Areas of Cooperation in India-Jamaica

What is STEM Education?

STEM Education refers to the integrated teaching of Science, Technology, Engineering, and Mathematics, focusing on real-world applications and problem-solving. It promotes interdisciplinary learning, encourages critical thinking, and involves project-based activities.

Defence and Security:

Challenges like organized crime, drug trafficking, and terrorism will see both nations cooperating in defense training and capacity building for Jamaica’s armed forces.

Cultural and People-to-People Ties:

The road in front of the Jamaica High Commission in New Delhi has been named “Jamaica Marg” in honor of the strong ties between the two nations.

Way Forward

Engaging the Indian diaspora requires diplomacy, economic opportunities, political inclusion, cultural exchange, and tackling challenges to strengthen India’s global influence and economic growth.

Explained: The Significance of India’s Mission to Develop Supercomputers

What in News?
On September 26, 2024, the inauguration of three PARAM Rudra supercomputers marked a significant step in India’s National Supercomputing Mission (NSM). This initiative aims to enhance the country’s scientific capabilities through advanced computational resources.

Supercomputers

High-capacity computing systems designed for complex computations in various fields such as quantum mechanics, climate research, and big data analytics. These machines are essential for tasks that require extensive processing power, which regular computers cannot handle efficiently.

National Supercomputing Mission (NSM)

Launched in 2015 with a budget of ₹4,500 crore, NSM aims to develop a grid of 70 supercomputers across research institutions and universities in India. The initiative is jointly managed by the Department of Science and Technology (DST) and the Ministry of Electronics and Information Technology (MeitY).

Recent Developments

The newly inaugurated supercomputers (PARAM Rudra) are located in Pune, Delhi, and Kolkata, focusing on high-performance computing (HPC) for weather and climate research. Since the launch of NSM, over 20 supercomputers have been deployed nationwide, significantly boosting India’s computational capacity.

Applications of Supercomputers

Supercomputers also support research in computational biology, energy, and medical research.

Historical Significance

India’s drive to develop indigenous supercomputing technology stems from past experiences of technology denial by Western nations, notably in the 1970s and 1990s.

Achievements

Between 2019 and 2023, NSM successfully commissioned a total capacity of 24.83 petaFLOPS in HPC machines. The mission has trained 1.75 lakh personnel in high-performance computing and facilitated over 73.25 lakh computational queries.

Way Forward

The National Supercomputing Mission signifies a pivotal advancement in India’s scientific research capabilities. By developing indigenous supercomputing technologies, India not only enhances its research capacity but also strengthens its position in the global scientific community.

Explained: The Significance of India’s Mission to Develop Supercomputers

What in News?
On September 26, 2024, the inauguration of three PARAM Rudra supercomputers marked a significant step in India’s National Supercomputing Mission (NSM). This initiative aims to enhance the country’s scientific capabilities through advanced computational resources.

Supercomputers

Supercomputers are high-capacity computing systems designed for complex computations in various fields such as quantum mechanics, climate research, and big data analytics. These machines are essential for tasks that require extensive processing power, which regular computers cannot handle efficiently.

National Supercomputing Mission (NSM)

Launched in 2015 with a budget of ₹4,500 crore, the NSM aims to develop a grid of 70 supercomputers across research institutions and universities in India. The initiative is jointly managed by the Department of Science and Technology (DST) and the Ministry of Electronics and Information Technology (MeitY).

Recent Developments

The newly inaugurated supercomputers (PARAM Rudra) are located in Pune, Delhi, and Kolkata, focusing on high-performance computing (HPC) for weather and climate research. Since the launch of NSM, over 20 supercomputers have been deployed nationwide, significantly boosting India’s computational capacity.

Applications of Supercomputers

These supercomputers also support research in computational biology, energy, and medical research.

Historical Significance

India’s drive to develop indigenous supercomputing technology stems from past experiences of technology denial by Western nations, notably in the 1970s and 1990s.

Achievements

Between 2019 and 2023, the NSM successfully commissioned a total capacity of 24.83 petaFLOPS in HPC machines. The mission has trained 1.75 lakh personnel in high-performance computing and facilitated over 73.25 lakh computational queries.

Way Forward

The National Supercomputing Mission signifies a pivotal advancement in India’s scientific research capabilities. By developing indigenous supercomputing technologies, India not only enhances its research capacity but also strengthens its position in the global scientific community.

Centre Reconstitutes Monetary Policy Committee Ahead of RBI Rate Review

What in News?
The central government has reconstituted the Monetary Policy Committee (MPC) ahead of the upcoming RBI monetary policy review. The committee now includes three new external members who will serve for four years.

Monetary Policy Committee (MPC)

The MPC is responsible for fixing the benchmark interest rate, also known as the repo rate, which influences other interest rates in the economy. The primary goal of the MPC is to maintain price stability while supporting economic growth.

What is Repo Rate?

The repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks when there is a shortfall of funds. It is used as a tool to control inflation.

Key Responsibilities of the MPC

Recent Developments

The reconstitution of the MPC will influence future monetary policy decisions, especially as inflation concerns remain high. In the August 2024 monetary policy meeting, the MPC, with a 4:2 majority, kept the repo rate unchanged at 6.5%, citing inflation risks, particularly from high food prices.

What is Inflation Targeting?

Inflation targeting is a monetary policy strategy used by central banks to control inflation by setting a specific target for inflation levels. The RBI aims to keep CPI inflation within the 2-6% range, with a long-term target of 4%.

Way Forward

The reconstitution of the MPC ahead of the October 7-9 monetary policy review is significant as it may shape the future course of India’s monetary policy. Inflation control and economic growth remain central to the MPC’s objectives, with the repo rate expected to stay at 6.5%.

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