{"id":41107,"date":"2024-05-07T11:08:49","date_gmt":"2024-05-07T11:08:49","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=41107"},"modified":"2024-05-07T11:08:51","modified_gmt":"2024-05-07T11:08:51","slug":"upsc-daily-current-affairs-07th-may-2024","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/","title":{"rendered":"UPSC Daily Current Affairs &#8211; 07th May 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc-current-affairs?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Current+Affairs\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png\" alt=\"\" class=\"wp-image-42406\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<p>In today&#8217;s daily current affairs briefing for UPSC aspirants, we explore the latest developments that hold relevance for the upcoming civil services examination. Our focus today includes a critical analysis of recent policy changes, international affairs, and national developments, all of which play a pivotal role in shaping the socio-political and economic landscape of India. Stay informed and stay ahead in your UPSC preparations with our daily current affairs updates, as we provide you with concise, well-researched insights to help you connect the dots between contemporary events and the broader canvas of the civil services syllabus.\u00a0<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d154115f182\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d154115f182\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Increasing_Contribution_of_Personal_Income_Tax_and_Indirect_Tax\" title=\"Increasing Contribution of Personal Income Tax and Indirect Tax\">Increasing Contribution of Personal Income Tax and Indirect Tax<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Key_Findings_of_the_Report_on_Direct_Tax_Collection\" title=\"Key Findings of the Report on Direct Tax Collection\">Key Findings of the Report on Direct Tax Collection<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Concerns_Arising_from_Rising_Share_of_Personal_Income_Tax_and_Indirect_Taxes\" title=\"Concerns Arising from Rising Share of Personal Income Tax and Indirect Taxes\">Concerns Arising from Rising Share of Personal Income Tax and Indirect Taxes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Government_Initiatives_to_Boost_Direct_Tax_Collection\" title=\"Government Initiatives to Boost Direct Tax Collection\">Government Initiatives to Boost Direct Tax Collection<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Challenges_Encountered_by_MSMEs_in_India\" title=\"Challenges Encountered by MSMEs in India\">Challenges Encountered by MSMEs in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Significance_of_MSMEs_in_India\" title=\"Significance of MSMEs in India\">Significance of MSMEs in India<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Challenges\" title=\"Challenges\">Challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Government_Initiatives_to_Boost_MSME_Sector\" title=\"Government Initiatives to Boost MSME Sector\">Government Initiatives to Boost MSME Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Latest_Tax_Compliance_Guidelines_for_MSMEs\" title=\"Latest Tax Compliance Guidelines for MSMEs\">Latest Tax Compliance Guidelines for MSMEs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Concerns_Raised_by_Big_Companies_and_MSMEs\" title=\"Concerns Raised by Big Companies and MSMEs\">Concerns Raised by Big Companies and MSMEs<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Corporal_Punishment\" title=\"Corporal Punishment\">Corporal Punishment<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Key_Facts_About_the_Guidelines\" title=\"Key Facts About the Guidelines\">Key Facts About the Guidelines<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Understanding_Corporal_Punishment\" title=\"Understanding Corporal Punishment\">Understanding Corporal Punishment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Justification_and_Effects_of_Corporal_Punishment\" title=\"Justification and Effects of Corporal Punishment\">Justification and Effects of Corporal Punishment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Constitutional_and_Legal_Provisions\" title=\"Constitutional and Legal Provisions\">Constitutional and Legal Provisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Role_of_Statutory_Bodies_and_International_Laws\" title=\"Role of Statutory Bodies and International Laws\">Role of Statutory Bodies and International Laws<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Mullaperiyar_Dam_Controversy\" title=\"Mullaperiyar Dam Controversy\">Mullaperiyar Dam Controversy<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Location_of_Mullaperiyar_Dam\" title=\"Location of Mullaperiyar Dam\">Location of Mullaperiyar Dam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Situation_after_Independence\" title=\"Situation after Independence\">Situation after Independence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Origin_of_the_Mullaperiyar_Dam_Dispute\" title=\"Origin of the Mullaperiyar Dam Dispute\">Origin of the Mullaperiyar Dam Dispute<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Supreme_Court_Judgement_on_Mullaperiyar_Dam_Conflict\" title=\"Supreme Court Judgement on Mullaperiyar Dam Conflict\">Supreme Court Judgement on Mullaperiyar Dam Conflict<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Provisions_for_Water_Distribution_in_the_Indian_Constitution\" title=\"Provisions for Water Distribution in the Indian Constitution\">Provisions for Water Distribution in the Indian Constitution<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Dam_Safety_Act_and_Mullaperiyar_Dam\" title=\"Dam Safety Act and Mullaperiyar Dam\">Dam Safety Act and Mullaperiyar Dam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Linkages_between_Dam_Safety_Act_and_the_Mullaperiyar_Dam\" title=\"Linkages between Dam Safety Act and the Mullaperiyar Dam\">Linkages between Dam Safety Act and the Mullaperiyar Dam<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Drip_Pricing\" title=\"Drip Pricing\">Drip Pricing<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#About_Drip_Pricing\" title=\"About Drip Pricing\">About Drip Pricing<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Key_Characteristic\" title=\"Key Characteristic\">Key Characteristic<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Example\" title=\"Example\">Example<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#MQ-9B_Predator\" title=\"MQ-9B Predator\">MQ-9B Predator<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#About_MQ-9B_Predator\" title=\"About MQ-9B Predator\">About MQ-9B Predator<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Key_Features\" title=\"Key Features\">Key Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Technical_Specifications\" title=\"Technical Specifications\">Technical Specifications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Applications\" title=\"Applications\">Applications<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Non-Banking_Financial_Company_NBFC\" title=\"Non-Banking Financial Company (NBFC)\">Non-Banking Financial Company (NBFC)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#About_Non-Banking_Financial_Company_NBFC\" title=\"About Non-Banking Financial Company (NBFC)\">About Non-Banking Financial Company (NBFC)<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Definition_and_Legal_Framework\" title=\"Definition and Legal Framework\">Definition and Legal Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Deposit-taking_Activities\" title=\"Deposit-taking Activities\">Deposit-taking Activities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Regulatory_Oversight_and_Supervision\" title=\"Regulatory Oversight and Supervision\">Regulatory Oversight and Supervision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Classification_and_Categorization\" title=\"Classification and Categorization\">Classification and Categorization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Comparison_with_Banks\" title=\"Comparison with Banks\">Comparison with Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Examples_and_Scope\" title=\"Examples and Scope\">Examples and Scope<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Capital_Gains_Tax_CGT\" title=\"Capital Gains Tax (CGT)\">Capital Gains Tax (CGT)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Understanding_Capital_Gains_Tax_CGT\" title=\"Understanding Capital Gains Tax (CGT)\">Understanding Capital Gains Tax (CGT)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Participatory_Notes\" title=\"Participatory Notes\">Participatory Notes<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Participatory_Notes_An_Overview\" title=\"Participatory Notes: An Overview\">Participatory Notes: An Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Understanding_Foreign_Portfolio_Investment\" title=\"Understanding Foreign Portfolio Investment\">Understanding Foreign Portfolio Investment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Goldene\" title=\"Goldene\">Goldene<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Goldene_The_Revolutionary_Two-Dimensional_Metal\" title=\"Goldene: The Revolutionary Two-Dimensional Metal\">Goldene: The Revolutionary Two-Dimensional Metal<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Q_What_are_daily_current_affairs\" title=\"Q: What are daily current affairs?\">Q: What are daily current affairs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Q_Why_is_it_important_to_stay_updated_with_daily_current_affairs\" title=\"Q: Why is it important to stay updated with daily current affairs?\">Q: Why is it important to stay updated with daily current affairs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Q_Where_can_I_access_daily_current_affairs_information\" title=\"Q: Where can I access daily current affairs information?\">Q: Where can I access daily current affairs information?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Q_How_can_I_effectively_incorporate_daily_current_affairs_into_my_routine\" title=\"Q: How can I effectively incorporate daily current affairs into my routine?\">Q: How can I effectively incorporate daily current affairs into my routine?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Q_What_are_some_tips_for_critical_analysis_of_daily_current_affairs\" title=\"Q: What are some tips for critical analysis of daily current affairs?\">Q: What are some tips for critical analysis of daily current affairs?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-07th-may-2024\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Increasing_Contribution_of_Personal_Income_Tax_and_Indirect_Tax\"><\/span><strong>Increasing Contribution of Personal Income Tax and Indirect Tax<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3 Economics<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> In the midst of ongoing political debates and controversies surrounding socio-economic policies, recent tax data unveiled by the Ministry of Finance illuminates noteworthy trends in India&#8217;s tax scenario.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/whr9gTFRWLDnkPGQUWiw9c6whGsdzm14m-0c-Gkxucr_RSA_ZBUtDVFodcUDneKFoiC5hk0WqtbJKnuVZ7pj72bfKeP4bHRhX2ngaX5lGj9zC9h1AQaYh_L-rGsB4qSC0XHWTcn6JCQ1X6bRGXLGFw\" alt=\"Direct Tax Collection\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Direct Tax Collection<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Findings_of_the_Report_on_Direct_Tax_Collection\"><\/span><strong>Key Findings of the Report on Direct Tax Collection<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Growth in Direct Tax Collection<\/strong><ul><li>India&#8217;s net direct tax collections surged by 17.7% in 2023-24, reaching Rs.19.58 lakh crores.<\/li><li>The rise is attributed to increased personal income taxes, which constituted 53.3% of total taxes, up from 50.06% in the previous year.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Dip in Corporate Tax<\/strong><ul><li>Corporate tax contribution decreased to 46.5% from 49.6% in 2022-23.<\/li><li>This decline follows the trend of diminishing corporate tax shares since the deep tax cuts introduced in September 2019.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Decrease in Share of Direct Taxes, and Increase in Share of Indirect Taxes<\/strong><ul><li>Indirect taxes, including union excise duties and the Goods and Services Tax, have been rising since 2010-11.<\/li><li>Conversely, the share of direct taxes, which had been increasing until 2010-11, has seen a consistent downturn.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Relation Between Annual Income Vs. Income Tax Returns Filed<\/strong><ul><li>A majority (53.78%) of individuals filing personal income tax earn between Rs 1 lakh to Rs. 5 lakh annually.<\/li><li>Wealthier individuals, earning over Rs. 50 lakh, constitute a small portion (0.84%) but contribute significantly (42.3%) to total income tax.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Effective Personal Income Tax Rate<\/strong><ul><li>India exhibits among the highest effective personal income tax rates among BRICS economies.<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concerns_Arising_from_Rising_Share_of_Personal_Income_Tax_and_Indirect_Taxes\"><\/span><strong>Concerns Arising from Rising Share of Personal Income Tax and Indirect Taxes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Income Inequality<\/strong><ul><li>Increasing reliance on personal income tax may disproportionately burden lower and middle-income individuals, exacerbating income inequality.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Consumer Burden<\/strong><ul><li>Indirect taxes can impose a heavier burden on lower-income individuals, potentially leading to decreased consumer spending.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Economic Efficiency<\/strong><ul><li>High personal income tax rates may discourage work, savings, and investment, leading to economic inefficiencies.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Tax Evasion and Avoidance<\/strong><ul><li>Rising tax rates may incentivize tax evasion or avoidance strategies, undermining the integrity of the tax system.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Macroeconomic Stability<\/strong><ul><li>Heavy reliance on personal income tax and indirect taxes may make government finances vulnerable to economic downturns.<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Initiatives_to_Boost_Direct_Tax_Collection\"><\/span><strong>Government Initiatives to Boost Direct Tax Collection<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Promoting Voluntary Income-tax Compliance<\/strong><ul><li>Initiatives like the Vivad se Vishwas Scheme aim to settle pending tax disputes, benefiting both the government and taxpayers.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Focus on Digital Transactions<\/strong><ul><li>Promoting digital payments discourages cash-based transactions, enhancing tax tracking capabilities.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Increased Scrutiny and Compliance Measures<\/strong><ul><li>Tax authorities have intensified scrutiny and compliance measures to identify tax evaders and non-compliant taxpayers.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Awareness and Education Campaigns<\/strong><ul><li>Government campaigns aim to inform taxpayers about their rights and responsibilities and promote tax compliance.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Expansion of TDS\/TCS Scope<\/strong><ul><li>New transactions brought under Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) aim to widen the tax base.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Transparent Taxation &#8211; Honoring The Honest Platform<\/strong><ul><li>This platform aims to bring transparency to income tax systems and empower taxpayers.<\/li><\/ul><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table><tbody><tr><td><strong>UPSC Previous Year Questions<\/strong><br><br><strong>Prelims (2021)<\/strong><br><strong>Q. Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?<\/strong><br><strong>(a)<\/strong>\u00a0Diversion of resources to the purchase of real estate and investment in luxury housing.<br><strong>(b)<\/strong>\u00a0Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc.<br><strong>(c)<\/strong>\u00a0Large donations to political parties and growth of regionalism.<br><strong>(d)<\/strong>\u00a0Loss of revenue to the State Exchequer due to tax evasion.<br><strong>Ans: (d)<\/strong><br><br><strong>Mains (2013)Q.<\/strong>\u00a0What is the meaning of the term \u2018tax expenditure\u2019? Taking the housing sector as an example, discuss how it influences the budgetary policies of the government.\u00a0<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/data\/amid-debate-about-inheritance-tax-rising-share-of-personal-income-tax-and-indirect-tax-remains-a-concern\/article68122636.ece\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Challenges_Encountered_by_MSMEs_in_India\"><\/span><strong>Challenges Encountered by MSMEs in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag: <\/strong>GS-2 Government Schemes<\/p><\/blockquote>\n\n\n\n<p><strong>In News: <\/strong>The Union Budget 2023-24 introduced a provision in the IT Act to ensure timely payments to MSMEs within 45 days. However, it has led to large companies canceling orders to registered MSMEs and favoring unregistered ones to avoid compliance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Significance_of_MSMEs_in_India\"><\/span><strong>Significance of MSMEs in India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>MSMEs are often hailed as the powerhouse of the Indian economy due to their substantial contributions to employment generation, exports, and overall economic growth.<\/li><li>They account for more than 11 crore jobs and contribute approximately 27.0% to India&#8217;s GDP.<\/li><li>With around 6.4 crore MSMEs, of which 1.5 crore are registered on the Udyam portal, they employ about 23.0% of the Indian labor force, making them the second-largest employer in India after agriculture.<\/li><li>MSMEs contribute 38.4% to the total manufacturing output and 45.03% to the country&#8217;s total exports.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Challenges\"><\/span><strong>Challenges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Problem of dwarfism: Some MSMEs, termed as dwarfs, consume resources without significant contributions to job creation and economic growth compared to newer firms.<\/li><li>Lack of funding: A majority (90%) of MSME funding comes from informal sources.<\/li><li>Poor integration of digital technologies: Adoption of technologies like big data, AI, and virtual reality into manufacturing operations remains limited.<\/li><li>Environmental impact: The sector lacks cleantech innovation, hindering the transition to a circular and low-carbon economy.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Initiatives_to_Boost_MSME_Sector\"><\/span><strong>Government Initiatives to Boost MSME Sector<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>The Government of India prioritizes MSME ecosystem development for achieving Atma Nirbhar Bharat (self-reliant India).<\/li><li>Initiatives like &#8216;Make in India&#8217; aim to elevate India on the manufacturing value chain and position it as a global manufacturing hub.<\/li><li>Schemes like Production Linked Incentives (PLI) and Zero Effect Zero Defect (ZED) certification promote sectoral growth.<\/li><li>Programs like the Prime Minister&#8217;s Employment Generation Programme (PMEGP) foster self-employment and microenterprises.<\/li><li>Digital Saksham initiatives and portal interlinking enhance digitalization for targeted schemes.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Tax_Compliance_Guidelines_for_MSMEs\"><\/span><strong>Latest Tax Compliance Guidelines for MSMEs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>In India, businesses typically record expenses when they occur (accrual basis), but the MSMED Act 2006 and Section 43B(h) of the IT Act mandate timely payments to MSME Registered Enterprises.<\/li><li>Failure to comply leads to inability to deduct payments as expenses in the same year, potentially increasing taxable income and business taxes.<\/li><li>Late payments to MSMEs result in the payer being liable to pay interest on the overdue amount.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concerns_Raised_by_Big_Companies_and_MSMEs\"><\/span><strong>Concerns Raised by Big Companies and MSMEs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Big companies express concerns about increased tax liability, while MSMEs report order cancellations due to the new tax clause.<\/li><li>MSMEs note big companies shifting business to unregistered MSMEs to avoid compliance with mandatory payment timelines.<\/li><li>Some MSME associations have approached the Supreme Court against the new norm, while the Union MSME Ministry seeks industry input for solutions.<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/business\/i-t-clause-to-ensure-msmes-are-paid-on-time-creates-hurdle-9310273\/\"><strong>IE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Corporal_Punishment\"><\/span><strong>Corporal Punishment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag: <\/strong>GS \u2013 2 Issues Related to Children, Education, Social Empowerment<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> Recently, the Tamil Nadu School Education Department released guidelines for the elimination of corporal punishment in schools, known as the Guidelines for Corporal Punishment Elimination (GCEP).<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/BAVZKSIkSUIThpqBhnhz-comnf-14qSPXEsXGiVWi_5Z3Eewtw0bGlwi6L3is9FquPzAzV4_WJbvwX_oBeCG5sGFTCsmw3GOgcMCs5kbKsqAq2Eh3NeHu6IUjmVy4HYUKq5aRYrbpe0EP2W5Ff9jzg\" alt=\"Corporal Punishment\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Corporal Punishment<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Facts_About_the_Guidelines\"><\/span><strong>Key Facts About the Guidelines<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The guidelines aim to establish safe and nurturing environments for students by addressing physical punishment, mental harassment, and discrimination.<\/li><li>They include measures to safeguard the mental well-being of students and conduct awareness camps to acquaint stakeholders with the National Commission for Protection of Child Rights (NCPCR) guidelines.<\/li><li>Emphasis is placed on forming monitoring committees at each school comprising school heads, parents, teachers, and senior students to oversee guideline implementation and address any issues.<\/li><li>The guidelines list affirmative actions against corporal punishment, such as multidisciplinary intervention, life-skills education, and mechanisms for children&#8217;s voices.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Corporal_Punishment\"><\/span><strong>Understanding Corporal Punishment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Corporal punishment, defined by the UN Committee on the Rights of the Child, involves using physical force to cause some degree of pain or discomfort.<\/li><li>It predominantly includes hitting children with a hand or implements like sticks, belts, etc., and is prevalent globally, affecting around 60% of children aged 2\u201314 years.<\/li><li>There is no statutory definition of &#8216;corporal punishment&#8217; targeting children in India.<\/li><li>Types of corporal punishment encompass physical and mental mistreatment, including coercive actions and non-physical behaviors affecting a child&#8217;s academic and psychological well-being.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Justification_and_Effects_of_Corporal_Punishment\"><\/span><strong>Justification and Effects of Corporal Punishment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Corporal punishment is legal in some states in the United States and is supported by certain sections of the Indian Penal Code (IPC).<\/li><li>However, it can lead to detrimental effects on children&#8217;s mental and physical health, including increased anxiety, depression, aggression, and difficulty forming relationships.<\/li><li>Physical injuries and the likelihood of substance abuse are also outcomes of corporal punishment.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Constitutional_and_Legal_Provisions\"><\/span><strong>Constitutional and Legal Provisions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Statutory provisions such as the Right to Education Act (RTE) and the Juvenile Justice (Care and Protection of Children) Act, 2015, impose restrictions and penalties for corporal punishment.<\/li><li>Legal provisions in the Indian Penal Code (IPC) address actions related to corporal punishment.<\/li><li>Judicial cases have presented varying interpretations of corporal punishment, with some upholding it as beneficial and others condemning it.<\/li><li>Constitutional provisions emphasize the protection of child rights and the duty of the state and parents to ensure children&#8217;s well-being and education.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Role_of_Statutory_Bodies_and_International_Laws\"><\/span><strong>Role of Statutory Bodies and International Laws<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>The National Commission for Protection of Child Rights (NCPCR) provides guidelines to eliminate corporal punishment and mandates the formation of monitoring cells in schools.<\/li><li>International laws, such as Article 19 of the UN Convention on the Rights of the Child, advocate for the protection of children from all forms of violence and mistreatment.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table><tbody><tr><td><strong>UPSC Previous Year Questions<\/strong><br><br><strong>Prelims (2020)<\/strong><br><strong>Q. Other than the Fundamental Rights, which of the following parts of the Constitution of India reflect\/reflects the principles and provisions of the Universal Declaration of Human Rights (1948)?\u00a0<\/strong><br>1. Preamble<br>2. Directive Principles of State Policy<br>3. Fundamental Duties<br><strong>Select the correct answer using the code given below:<\/strong><br><strong>(a)<\/strong>\u00a01 and 2 only<br><strong>(b)<\/strong>\u00a02 only<br><strong>(c)<\/strong>\u00a01 and 3 only<br><strong>(d)<\/strong>\u00a01, 2 and 3<br><strong>Ans: (d)<\/strong><br><br><strong>Prelims (2011)<\/strong><br><strong>Q. Consider the following:<\/strong><br>1. Right to education<br>2. Right to equal access to public service<br>3. Right to food.<br><strong>Which of the above is\/are Human Right\/Human Rights under \u201cUniversal Declaration of Human Rights\u201d?<\/strong><br><strong>(a)<\/strong>\u00a01 only<br><strong>(b)<\/strong>\u00a01 and 2 only<br><strong>(c)<\/strong>\u00a03 only<br><strong>(d)<\/strong>\u00a01, 2 and 3<br><strong>Ans: (d)<\/strong><br><br><strong>Mains (2021)Q.<\/strong>\u00a0Though the Human Rights Commissions have contributed immensely to the protection of human rights in India, yet they have failed to assert themselves against the mighty and powerful. Analysing their structural and practical limitations, suggest remedial measures.\u00a0<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.thehindu.com\/news\/national\/tamil-nadu\/tn-school-education-department-releases-guidelines-for-elimination-of-corporal-punishment\/article68110873.ece\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mullaperiyar_Dam_Controversy\"><\/span><strong>Mullaperiyar Dam Controversy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3 Infrastructure GS-2 Federalism<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> In the Supreme Court, Tamil Nadu has alleged that while Kerala raises safety concerns about the Mullaperiyar dam, it obstructs essential maintenance efforts on the dam.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/aISgQrAXuIaOFTdqI5mhfgDH7XGWyP61dT_EfJU1sHHorMnimtBzdax4pJZIt3LoMK3CL7Db3g3_wF9v9cZkHrus634sh4UgpbMLmQm9JwbvyvxdZveRyA7bepoGr589oWXwghL4B8sMBwM3LWceuQ\" alt=\"Mullaperiyar Dam\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Mullaperiyar Dam<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Location_of_Mullaperiyar_Dam\"><\/span><strong>Location of Mullaperiyar Dam<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The Mullaperiyar dam is situated at the confluence of the Mullayar and Periyar rivers, entirely within Kerala.<\/li><li>Constructed in the late 1800s in the princely state of Travancore, it was leased to the British-ruled Madras Presidency for 999 years in 1886.<\/li><li>The purpose of the dam was to divert a part of the west-flowing Periyar river eastwards to irrigate arid areas of Tamil Nadu.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Situation_after_Independence\"><\/span><strong>Situation after Independence<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>After independence, the Kerala government contested the validity of the earlier agreement and renegotiated terms in the 1970s.<\/li><li>Tamil Nadu was granted rights to the land, water, and hydro-power projects at the dam site, with Kerala receiving rent in return.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Origin_of_the_Mullaperiyar_Dam_Dispute\"><\/span><strong>Origin of the Mullaperiyar Dam Dispute<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Safety concerns arose in 1979 following reports of minor earthquakes causing cracks in the dam.<\/li><li>The Central Water Commission recommended lowering the water level as an emergency measure until the structure could be strengthened.<\/li><li>Divergent perspectives emerged, with Tamil Nadu seeking to raise the water level and Kerala expressing safety concerns due to the region&#8217;s seismic activity.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Supreme_Court_Judgement_on_Mullaperiyar_Dam_Conflict\"><\/span><strong>Supreme Court Judgement on Mullaperiyar Dam Conflict<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>In 2006, the Supreme Court allowed Tamil Nadu to raise the water level to 142 feet, dismissing Kerala&#8217;s apprehensions.<\/li><li>Kerala countered with a state law restricting the water level to 136 feet, which was later deemed unconstitutional in 2014.<\/li><li>The Supreme Court directed the formation of a supervisory committee to oversee the raising of the water level and address safety concerns.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Provisions_for_Water_Distribution_in_the_Indian_Constitution\"><\/span><strong>Provisions for Water Distribution in the Indian Constitution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Relevant provisions include Entry 17 in the State List, Entry 56 in the Union List, and Article 262.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dam_Safety_Act_and_Mullaperiyar_Dam\"><\/span><strong>Dam Safety Act and Mullaperiyar Dam<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>About the Act<\/strong><ul><li>The Dam Safety Act, enacted in December 2021, addresses safety concerns of major dams nationwide.<\/li><li>It covers surveillance, inspection, operation, and maintenance of certain dams to prevent disasters related to dam failure.<\/li><li>The Act establishes two national institutions: the National Committee on Dam Safety (NCDS) and the National Dam Safety Authority (NDSA).<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Key Provisions<\/strong><ul><li>The Act applies to dams over 15m in height and between 10m and 15m with certain stipulations.<\/li><li>It mandates the formation of State Dam Safety Organisations and Committees.<\/li><li>Dam owners are held responsible for construction, operation, maintenance, and supervision.<\/li><\/ul><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Linkages_between_Dam_Safety_Act_and_the_Mullaperiyar_Dam\"><\/span><strong>Linkages between Dam Safety Act and the Mullaperiyar Dam<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>The NDSA will perform the role of the State Dam Safety Organisation for dams located in one state and used by another, including the Mullaperiyar dam.<\/li><li>Experts suggest that the NDSA may subsume the functions of the supervisory committee as per the Act, potentially impacting the ongoing dispute resolution.<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/news\/national\/tamil-nadu-moves-supreme-court-accuses-kerala-of-obstructing-work-on-mullaperiyar-dam-while-crying-foul-about-its-safety\/article68142173.ece\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drip_Pricing\"><\/span><strong>Drip Pricing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3\u00a0<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> Recently, the Centre issued a warning regarding &#8220;drip pricing,&#8221; highlighting its potential to catch consumers off guard with undisclosed fees.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/mGBzFIxa9S4eB-AfPvD6l-JHzk97jIE856ha-87RlH9biIy-_lR2rdwa27uZN4QeMRKeWs8rIT8WEorXSZK6tB9h7t6b3lluMaMBMtPYEjA_0dD09hg6Yull2N6yOXUvrJ3V8146rox92Ng206ZNPA\" alt=\"Drip Pricing\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Drip Pricing<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Drip_Pricing\"><\/span><strong>About Drip Pricing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Drip pricing is a pricing technique employed by firms wherein only a portion of a product&#8217;s price is advertised initially, with additional charges being revealed later in the buying process.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Characteristic\"><\/span><strong>Key Characteristic<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Drip pricing often involves the initial withholding of unavoidable fees such as booking, service, resort, or credit card fees, as well as local taxes and add-ons like internet access.<\/li><li>These hidden costs are gradually disclosed to the buyer as they progress through the purchasing process, hence the term &#8220;drip&#8221; pricing.<\/li><li>The technique is commonly used in industries like hospitality, travel, and online payments.<\/li><li>Companies may employ drip pricing to lure customers into initiating the purchase process, making it less likely for them to abandon the transaction upon discovering additional costs.<\/li><li>Consumers may find drip pricing frustrating as they prefer upfront pricing transparency and may feel deceived by later add-ons.<\/li><li>Drip pricing can complicate comparison shopping and disadvantage sellers who opt for more transparent pricing strategies.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Example\"><\/span><strong>Example<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>An example of drip pricing is the sale of airplane tickets that initially appear cheaper but do not include additional fees such as baggage charges.<\/p>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.hindustantimes.com\/business\/centre-issues-warning-against-drip-pricing-what-is-it-101714907056107.html\">HT<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MQ-9B_Predator\"><\/span><strong>MQ-9B Predator<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3 Defence and Security<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> Recently, the Defence Ministry approved the procurement of 30 MQ-9B Predator drones (SeaGuardian variant) from the US to bolster the surveillance capabilities of the armed forces.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/-_6eDBpIHBOtLHoKWecAxyCNXYCvHbWfP2fhOxest16DsVqov68yu6-jQYnaDeYOsQPbaKl0TiMY5Cq7rIFFbPQZU3mXk2S5x8j-WOTEWLOX8xCtyAXzmH9m-a8R2oa0v0dBijKqL2wJ9-rmhkDZmQ\" alt=\"MQ-9B Predator\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>MQ-9B Predator<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_MQ-9B_Predator\"><\/span><strong>About MQ-9B Predator<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The MQ-9B Predator is a high-altitude, long-endurance armed Unmanned Aerial Vehicle (UAV) developed by General Atomics Aeronautical Systems (GA-ASI).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Features\"><\/span><strong>Key Features<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>It is a variant of the MQ-9 &#8220;Reaper&#8221; primarily designed for the United States Air Force (USAF).<\/li><li>Used for surveillance, intelligence gathering, and airstrikes by the United States.<\/li><li>The MQ-9B drone includes two variants: Sky Guardian and Sea Guardian, the latter being utilized by the Indian Navy since 2020.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Specifications\"><\/span><strong>Technical Specifications<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Payload capacity of up to 5,670 kg and a fuel capacity of 2,721 kg.<\/li><li>Capable of operating at altitudes exceeding 40,000 feet.<\/li><li>Can fly as close as 250 metres from the ground without detection.<\/li><li>Maximum endurance of 40 hours, providing prolonged surveillance capabilities.<\/li><li>Top speed of 275 mph (442 km\/h).<\/li><li>Armed with strike missiles, including four Hellfire missiles and around 450 kg of bombs.<\/li><li>Capable of automatic take-offs and landings for operational flexibility.<\/li><li>Can integrate into civil airspace, offering real-time situational awareness for joint forces and civil authorities.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applications\"><\/span><strong>Applications<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Land and maritime surveillance<\/li><li>Anti-submarine warfare<\/li><li>Anti-surface warfare<\/li><li>Electronic warfare<\/li><li>Expeditionary missions<\/li><\/ul>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/india-to-strategically-place-hunter-killer-predator-drones-from-us-in-up-tamil-nadu-12712355.html\">MC<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Non-Banking_Financial_Company_NBFC\"><\/span><strong>Non-Banking Financial Company (NBFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3\u00a0<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> NBFCs are raising their fixed deposit (FD) rates to attract funds, compensating for reduced bank borrowings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Non-Banking_Financial_Company_NBFC\"><\/span><strong>About Non-Banking Financial Company (NBFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Definition_and_Legal_Framework\"><\/span><strong>Definition and Legal Framework<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>A Non-Banking Financial Company (NBFC) is a company incorporated under the Companies Act, 1956, primarily involved in various financial activities such as loans, investments, leasing, hire-purchase, insurance, and chit funds.<\/li><li>It excludes institutions primarily engaged in agricultural or industrial activities, sale\/purchase\/construction of immovable property, or providing non-financial services.<\/li><li>A subcategory of NBFCs, called Residuary non-banking companies, is constituted by companies primarily receiving deposits under any scheme.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Deposit-taking_Activities\"><\/span><strong>Deposit-taking Activities<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>NBFCs are permitted to accept deposits but only in the form of time deposits, and they cannot provide demand deposit facilities like savings or current accounts.<\/li><li>They are restricted to accepting deposits for a period ranging from 12 to 60 months, with interest rates capped at 12.5% per annum.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regulatory_Oversight_and_Supervision\"><\/span><strong>Regulatory Oversight and Supervision<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>NBFCs are regulated by both the Ministry of Corporate Affairs and the Reserve Bank of India (RBI).<\/li><li>The RBI issues licenses to NBFCs, regulates their operations, and ensures compliance with established norms and regulations.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Classification_and_Categorization\"><\/span><strong>Classification and Categorization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>NBFCs are categorized based on their liabilities into Deposit and Non-Deposit accepting NBFCs.<\/li><li>Non-deposit taking NBFCs are further classified based on their size into systemically important and other non-deposit holding companies.<\/li><li>Systemically important NBFCs are those with an asset size of \u20b9500 crore or more, as per the last audited balance sheet, and their activities significantly impact the financial stability of the economy.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparison_with_Banks\"><\/span><strong>Comparison with Banks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>While NBFCs engage in lending and investment activities similar to banks, they do not hold a banking license, cannot accept demand deposits, and are not part of the payment and settlement system.<\/li><li>Unlike banks, NBFC depositors do not benefit from deposit insurance provided by institutions like the Deposit Insurance and Credit Guarantee Corporation.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Examples_and_Scope\"><\/span><strong>Examples and Scope<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>NBFCs encompass a diverse range of financial institutions, including investment banks, mortgage lenders, insurance companies, equipment leasing companies, and peer-to-peer lenders.<\/p>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.financialexpress.com\/money\/nbfcs-raise-fixed-deposit-rates-go-for-longer-tenures-in-fds-with-higher-credit-ratings-3477869\/\"><strong>FE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Gains_Tax_CGT\"><\/span><strong>Capital Gains Tax (CGT)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3\u00a0<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> Finance Minister Nirmala Sitharaman has refuted claims suggesting that the Income Tax Department intends to implement alterations to the capital gains tax framework if the government secures re-election in the ongoing Lok Sabha 2024 elections.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Capital_Gains_Tax_CGT\"><\/span><strong>Understanding Capital Gains Tax (CGT)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Definition of Capital Gains:<\/strong> Capital gains refer to the profits obtained from the sale of any capital asset, including land, buildings, vehicles, patents, trademarks, and machinery.<\/li><li><strong>Inclusion of Assets:<\/strong> Capital assets also encompass rights in or in relation to an Indian company, as well as rights of management, control, or any other legal entitlement.<\/li><li><strong>Short-term vs. Long-term Gains:<\/strong> Capital gains are categorized as short-term or long-term based on the duration for which the asset is held.\u00a0<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Short-term Capital Gains<\/strong><ul><li>Assets held for less than 36 months, or 24 months in the case of immovable properties, are considered short-term.<\/li><li>Profits from the sale of short-term assets are taxed as short-term capital gains.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Long-term Capital Gains<\/strong><ul><li>Assets held for over 36 months, or for more than a year in the case of certain financial instruments like preference shares, equities, and mutual funds, are categorized as long-term.<\/li><li>Profits from the sale of long-term assets are taxed as long-term capital gains.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Taxation of Capital Gains<\/strong><ul><li>Capital gains are treated as income and are subject to taxation when an asset is transferred between owners.<\/li><li>Both individuals and businesses are liable to pay capital gains tax (CGT).<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Tax-efficient Strategies<\/strong><ul><li>Taxpayers can employ tax-efficient financial strategies to mitigate the burden of CGT and optimize their tax liabilities.<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.business-standard.com\/markets\/news\/fm-s-clarification-on-capital-gains-tax-could-see-markets-recover-on-monday-124050400291_1.html\"><strong>BS<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Participatory_Notes\"><\/span><strong>Participatory Notes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3\u00a0<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> Foreign portfolio investors (FPIs) based at the GIFT International Financial Services Centre (IFSC) and registered with the Securities and Exchange Board of India (SEBI) have been granted permission to issue participatory notes.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/n2rJP76rO1-iTX4rH5fTF1W9ksy6JEYkdgFHpFp429urmDzQsGCODg2gA3eo7WdHXeXOQ6On0pzmb2C7jXcngqpfTIeUxD5oZThHq-4hAeWqrki6Wi4XTC4FFsa9WoZQxcFHbyPt1xmSjz7wkobRDg\" alt=\"Participatory Notes\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Participatory Notes<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Participatory_Notes_An_Overview\"><\/span><strong>Participatory Notes: An Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Definition and Alias<\/strong><ul><li>Participatory Notes, commonly known as PNs or P-Notes, serve as financial instruments utilized by investors and hedge funds for investing in Indian securities.&nbsp;<\/li><li>Remarkably, they don&#8217;t require registration with the Securities Exchange Board of India (SEBI).<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Characteristics<\/strong><ul><li><strong>Offshore Derivative Investments:<\/strong> Investments made through Participatory Notes are categorized as offshore derivative investments.<\/li><li><strong>Issuance: <\/strong>Registered foreign Portfolio Investors (FPIs) issue P-Notes to overseas investors who seek exposure to the Indian stock market without undergoing direct registration.<\/li><li><strong>Anonymity:<\/strong> While Foreign Institutional Investors (FIIs) must report all investments each quarter to SEBI, they are not obligated to disclose the identity of the actual investors.<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Foreign_Portfolio_Investment\"><\/span><strong>Understanding Foreign Portfolio Investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Definition<\/strong><ul><li>Foreign Portfolio Investment (FPI) refers to the acquisition and retention of a diverse range of foreign financial assets by investors aiming to invest outside their home country.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Investment Instruments<\/strong><ul><li><strong>Variety:<\/strong> FPI encompasses investments in various instruments such as stocks, bonds, mutual funds, derivatives, fixed deposits, etc.<\/li><li><strong>Objective:<\/strong> Generally, FPI is pursued to inject funds into a foreign country&#8217;s stock market with the aim of generating swift returns.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Regulation in India<\/strong><ul><li>In India, the regulation of foreign portfolio investment falls under the purview of the Securities and Exchange Board of India (SEBI).<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.business-standard.com\/markets\/news\/gift-city-foreign-portfolio-investors-allowed-to-issue-participatory-notes-124050301109_1.html\"><strong>BS<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Goldene\"><\/span><strong>Goldene<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag:<\/strong> GS-3\u00a0<\/p><\/blockquote>\n\n\n\n<p><strong>In News:<\/strong> Researchers have achieved a groundbreaking feat by producing a standalone layer of gold, merely one atom thick, christened as Goldene.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/pAApNEez7TLgM8fPsoHSy4S08aOUToXwZiPxjBpqk079rHFhZx5XgMb-9k1jUK-Fnmhr0lTbOsKM9tJ0OMBWQmrZ7BNJ6yUyiTj6Cg5tTcRNHmrpVPXWiH2JbIjRMOuXdXgrO__ha2RxuAWZGFNeew\" alt=\"Goldene\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Goldene<\/strong><\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Goldene_The_Revolutionary_Two-Dimensional_Metal\"><\/span><strong>Goldene: The Revolutionary Two-Dimensional Metal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Creation Process<\/strong><ul><li>Goldene, the pioneering free-standing 2D metal, is forged through a meticulous procedure.<\/li><li>Researchers begin by layering an atomic monolayer of silicon between titanium carbide layers.<\/li><li>Upon depositing gold onto this structure, the gold atoms diffuse into the material, replacing the silicon atoms and forming a trapped monolayer of gold atoms.<\/li><li>Subsequently, scientists use an ancient Japanese technique employing Murakami\u2019s reagent to etch away the titanium carbide layers, leaving behind a free-standing, one-atom-thick layer of gold.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Characteristics<\/strong><ul><li>Goldene sheets measure roughly 100 nanometers in thickness, making them approximately 400 times thinner than the thinnest commercially available gold leaf.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Applications<\/strong><ul><li>Goldene holds immense potential across various industries:<\/li><li>Electronics: It can revolutionize the electronics industry due to its unique properties.<\/li><li>Catalysis: Goldene shows promise in carbon dioxide conversion, hydrogen-generating catalysis, and selective production of value-added chemicals.<\/li><li>Hydrogen Production: It could play a significant role in hydrogen production processes.<\/li><li>Water Purification: Its thin structure could facilitate efficient water purification methods.<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Significance<\/strong><ul><li>Goldene emerges as a cost-effective and efficient catalyst compared to thicker, three-dimensional gold, promising advancements in various fields.<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-sci-tech\/goldene-a-sheet-of-gold-that-is-only-one-atom-thick-9310360\/\"><strong>IE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"has-text-align-left wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_daily_current_affairs\"><\/span>Q: What are daily current affairs? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: Daily current affairs refer to the most recent and relevant events, developments, and news stories that are happening around the world on a day-to-day basis. These can encompass a wide range of topics, including politics, economics, science, technology, sports, and more.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Why_is_it_important_to_stay_updated_with_daily_current_affairs\"><\/span>Q: Why is it important to stay updated with daily current affairs? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: Staying updated with daily current affairs is crucial because it helps individuals make informed decisions in their personal and professional lives. It enables people to understand the world around them, stay aware of significant events, and engage in informed discussions about important issues.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Where_can_I_access_daily_current_affairs_information\"><\/span>Q: Where can I access daily current affairs information? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: There are various sources for daily current affairs, including newspapers, news websites, television news broadcasts, radio programs, and dedicated apps or newsletters. Social media platforms are also widely used to share and access current affairs information.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_can_I_effectively_incorporate_daily_current_affairs_into_my_routine\"><\/span>Q: How can I effectively incorporate daily current affairs into my routine? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: To incorporate daily current affairs into your routine, consider setting aside specific times each day to read or watch news updates. You can also subscribe to newsletters or follow news apps to receive curated content. Engaging in discussions with peers or participating in online forums can further enhance your understanding of current events.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_some_tips_for_critical_analysis_of_daily_current_affairs\"><\/span>Q: What are some tips for critical analysis of daily current affairs? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: When analyzing daily current affairs, it&#8217;s essential to cross-reference information from multiple sources to ensure accuracy. Additionally, consider the source&#8217;s credibility and bias, if any. Develop the ability to identify the main points and implications of news stories, and critically evaluate the significance and impact of the events reported.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p>For Daily Updates and Study Material:<\/p>\n\n\n\n<p>Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>In today&#8217;s daily current affairs briefing for UPSC aspirants, we explore the latest developments that hold relevance for the upcoming civil<\/p>\n","protected":false},"author":21,"featured_media":41109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[265],"tags":[160,161,232,140],"class_list":["post-41107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-daily-current-affairs","tag-daily-current-affairs-upsc","tag-upsc","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/41107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=41107"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/41107\/revisions"}],"predecessor-version":[{"id":41119,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/41107\/revisions\/41119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/41109"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=41107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=41107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=41107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}