{"id":46373,"date":"2024-09-23T11:29:19","date_gmt":"2024-09-23T11:29:19","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=46373"},"modified":"2024-09-23T11:29:22","modified_gmt":"2024-09-23T11:29:22","slug":"upsc-daily-current-affairs-23rd-sep-2024-edukemy","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/","title":{"rendered":"UPSC Daily Current Affairs &#8211; 23rd Sep 2024 &#8211; Edukemy"},"content":{"rendered":"\n<p>Today&#8217;s daily current affairs briefing for UPSC aspirants explores the latest developments relevant to 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 India&#8217;s socio-political and economic landscape. 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<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<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-69e9fdf164e02\" 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-69e9fdf164e02\"  \/><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-23rd-sep-2024-edukemy\/#Supreme_Court_Has_Deepened_Constitutional_Idea_of_Personal_Liberty\" title=\"Supreme Court Has Deepened Constitutional Idea of Personal Liberty&nbsp;\">Supreme Court Has Deepened Constitutional Idea of Personal Liberty&nbsp;<\/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-23rd-sep-2024-edukemy\/#Why_in_the_news\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/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-23rd-sep-2024-edukemy\/#Historical_debates_about_due_process_and_personal_liberty\" title=\"Historical debates about due process and personal liberty:&nbsp;\">Historical debates about due process and personal liberty:&nbsp;<\/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-23rd-sep-2024-edukemy\/#The_Role_of_Judicial_Interpretation_in_Upholding_Personal_Liberty\" title=\"The Role of Judicial Interpretation in Upholding Personal Liberty:&nbsp;\">The Role of Judicial Interpretation in Upholding Personal Liberty:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Article_21_%E2%80%93_Promotion_of_judicial_functions_and_human_dignity\" title=\"Article 21 &#8211; Promotion of judicial functions and human dignity:&nbsp;\">Article 21 &#8211; Promotion of judicial functions and human dignity:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Spike_in_Indias_trade_deficit\" title=\"Spike in India\u2019s trade deficit&nbsp;\">Spike in India\u2019s trade deficit&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Why_in_the_news-2\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Reasons_behind_the_triggering_of_the_wider_trade_deficit\" title=\"Reasons behind the triggering of the wider trade deficit:&nbsp;\">Reasons behind the triggering of the wider trade deficit:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Risk_associated_with_significant_commercial_capital\" title=\"Risk associated with significant commercial capital:&nbsp;\">Risk associated with significant commercial capital:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Foreign_trade_in_goods\" title=\"Foreign trade in goods:&nbsp;\">Foreign trade in goods:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Long-term_challenges_for_Indias_export_growth\" title=\"Long-term challenges for India\u2019s export growth:&nbsp;&nbsp;\">Long-term challenges for India\u2019s export growth:&nbsp;&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#100_years_of_establishment_of_Indian_Council_of_Agricultural_Research_ICAR-_NISA\" title=\"100 years of establishment of Indian Council of Agricultural Research (ICAR)- NISA&nbsp;\">100 years of establishment of Indian Council of Agricultural Research (ICAR)- NISA&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Why_in_the_news-3\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#About_ICAR-_NISA\" title=\"About ICAR- NISA:&nbsp;&nbsp;\">About ICAR- NISA:&nbsp;&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#PM_Mega_Integrated_Textile_Regions_and_Apparel_PM_MITRA\" title=\"PM Mega Integrated Textile Regions and Apparel (PM MITRA)&nbsp;\">PM Mega Integrated Textile Regions and Apparel (PM MITRA)&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Why_in_the_news-4\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#About_PM_MITRA_Park_Scheme\" title=\"About PM MITRA Park Scheme:&nbsp;\">About PM MITRA Park Scheme:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Pradhan_Mantri_Vishwakarma_Scheme\" title=\"Pradhan Mantri Vishwakarma Scheme&nbsp;\">Pradhan Mantri Vishwakarma Scheme&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Why_in_the_news-5\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/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-23rd-sep-2024-edukemy\/#About_Pradhan_Mantri_Vishwakarma_Yojana\" title=\"About Pradhan Mantri Vishwakarma Yojana:&nbsp;\">About Pradhan Mantri Vishwakarma Yojana:&nbsp;<\/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-23rd-sep-2024-edukemy\/#Benefits\" title=\"Benefits:&nbsp;\">Benefits:&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Credit_Default_Swaps\" title=\"Credit Default Swaps&nbsp;\">Credit Default Swaps&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Why_in_the_news-6\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#About_Credit_Default_Swaps\" title=\"About Credit Default Swaps:&nbsp;\">About Credit Default Swaps:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#What_are_Mutual_Funds\" title=\"What are Mutual Funds?&nbsp;\">What are Mutual Funds?&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Quad_Group\" title=\"Quad Group\u00a0\">Quad Group\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Why_in_the_news-7\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#About_the_Quad_Group\" title=\"About the Quad Group:&nbsp;\">About the Quad Group:&nbsp;<\/a><\/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-23rd-sep-2024-edukemy\/#Debt_Recovery_Tribunals\" title=\"Debt Recovery Tribunals&nbsp;\">Debt Recovery Tribunals&nbsp;<\/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-23rd-sep-2024-edukemy\/#Why_in_the_news-8\" title=\"Why in the news?\u00a0\">Why in the news?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#About_Debt_Recovery_Tribunals_DRT\" title=\"About Debt Recovery Tribunals (DRT):&nbsp;\">About Debt Recovery Tribunals (DRT):&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#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-33\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#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-34\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#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-35\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#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-36\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#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-37\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#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-38\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#To_get_free_counselingsupport_on_UPSC_preparation_from_expert_mentors_please_call_9773890604\" title=\"To get free counseling\/support on UPSC preparation from expert mentors please call 9773890604\">To get free counseling\/support on UPSC preparation from expert mentors please call 9773890604<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/edukemy.com\/blog\/upsc-daily-current-affairs-23rd-sep-2024-edukemy\/#Visit_our_YouTube_Channel_%E2%80%93_Here\" title=\"Visit our YouTube Channel \u2013 Here\">Visit our YouTube Channel \u2013 Here<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Supreme_Court_Has_Deepened_Constitutional_Idea_of_Personal_Liberty\"><\/span><strong>Supreme Court Has Deepened Constitutional Idea of Personal Liberty<\/strong>&nbsp;<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>Tags: GS-2, Polity &amp; Governance- Constitution-\u00a0 Judiciary- Supreme Court<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>On December 6, 1948, the Constituent Assembly of India debated the right to life and personal liberty under Article 21.\u00a0\u00a0<\/li><li>K. M. Munshi argued for including due process protections, asserting that the right to life and liberty should not be subject to ordinary laws.\u00a0<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_debates_about_due_process_and_personal_liberty\"><\/span><strong>Historical debates about due process and personal liberty:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Philosophical principles of due process<\/strong>\u00a0<ul><li>It ensures that the deprivation of life, liberty, or property follows established legal procedures and prevents unchecked state power.\u00a0\u00a0<\/li><li>In the Indian independence movement, this demand coincided with the desire for individual freedom in a new legal system.\u00a0<\/li><\/ul><\/li><li><strong>Munshi\u2019s Argument: Protection from abuse of law<\/strong>\u00a0<ul><li>In the Constituent Assembly, K. M. Munshi recommended the inclusion of due process in Article 21.\u00a0\u00a0<\/li><li>He argued that fundamental rights should not be subordinated to weak laws, and warned that governments without due process could undermine individual liberty by public policy or national security concerns.\u00a0<\/li><\/ul><\/li><li><strong>Conflict with due process: Efficiency concerns<\/strong>\u00a0<ul><li>Despite Munshi\u2019s comments, there was considerable objection to due process under Article 21.\u00a0\u00a0<\/li><li>Constitutional Adviser N.K. Dr. Rau and others. B.R. Ambedkar sought to balance individual freedom with the needs of government in a diverse, newly independent society.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Role_of_Judicial_Interpretation_in_Upholding_Personal_Liberty\"><\/span><strong>The Role of Judicial Interpretation in Upholding Personal Liberty:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>A. K. Gopalan v. State of Madras (1950):<\/strong>\u00a0<ul><li>Article 21 states that no person shall be deprived of life or personal liberty except within the procedure established by law.\u00a0\u00a0<\/li><li>Initially, A.S. This restrictive interpretation prioritized legality over justice, leaving the state more free to enact restrictive laws without regard to individual rights\u00a0<\/li><\/ul><\/li><li><strong>Maneka Gandhi and the Union of India (1978):<\/strong>\u00a0<ul><li>The case of the Union of India brought about major changes in constitutional law.\u00a0\u00a0<\/li><li>confiscated Gandhi&#8217;s passport without specification under the Travel Act, arguing that it violated his personal liberty under article 21.\u00a0\u00a0<\/li><li>The Supreme Court extended the interpretation of Article 21 to require that the procedure should be fair, just and reasonable, coincidental or not. pattern .\u00a0\u00a0<\/li><li>This decision restored due process protections in Indian law, although it lacked the original intent of the Framers.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Article_21_%E2%80%93_Promotion_of_judicial_functions_and_human_dignity\"><\/span><strong>Article 21 &#8211; Promotion of judicial functions and human dignity:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Francis Corley Mullin v . The Superintendent, Delhi Union Territory (1981)<\/strong>\u00a0\u00a0<ul><li>The Supreme Court ruled that the right to life under Article 21 includes the right to live with dignity, including the rights necessary to lead a meaningful life.\u00a0\u00a0<\/li><\/ul><ul><li>The judgment emphasized that personal liberty included not only the freedom to exercise self-restraint, but also personal liberty and privacy.\u00a0<\/li><li>Emphasizing that the right to life extended and included more than mere survival quality of life.\u00a0<\/li><\/ul><\/li><li><strong>Bandhua Mukti Morcha v. Union of India (1984):<\/strong>\u00a0<ul><li>In this case, the court recognized that the right to life included the right to earn a living. He held that the subsistence necessary for deprivation of dignity was Article 21.\u00a0\u00a0<\/li><li>This interpretation extended Article 21, emphasizing that the State must ensure that citizens can live with dignity and security\u00a0<\/li><\/ul><\/li><li><strong>Right to Privacy Judge K.S. Puttaswamy v. Union of India (2017):<\/strong>\u00a0<ul><li>This landmark case recognized that the right to privacy is central to the right to life and personal liberty under Article 21.\u00a0\u00a0<\/li><li>The Supreme Court\u2019s decision appeared in the context of the Aadhaar scheme, forcing progress special mark in the recognition of privacy as a fundamental right.\u00a0<\/li><\/ul><\/li><li><strong>Recent Developments: Balancing Securities Law and Individual Liberty<\/strong>\u00a0<ul><li>The Supreme Court&#8217;s commitment to personal liberty has been challenged by national security laws like the UAPA and PMLA.\u00a0<\/li><li>These laws impose strict bail conditions and permit prolonged detention, conflicting with personal liberty rights.\u00a0<\/li><li>Nonetheless, the Court has reaffirmed the primacy of Article 21 in several key rulings, protecting individual rights despite these restrictions.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/opinion\/columns\/with-recent-decisions-supreme-court-has-deepened-constitutional-idea-of-personal-liberty-9579602\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>IE<\/strong><\/a>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Spike_in_Indias_trade_deficit\"><\/span><strong>Spike in India\u2019s trade deficit<\/strong>&nbsp;<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>Tags: GS-3, Economy- Fiscal Policy- deficit<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-2\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>In the first quarter of 2024-25, momentum slowed, with export values dropping 1.5% in July and further contracting by 9.3% in August, reaching an eight-month low.\u00a0<\/li><li>Imports hit a record $64.4 billion in August, leading to a merchandise trade deficit of $29.7 billion, the second highest after October 2023&#8217;s record $29.9 billion gap.\u00a0<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_behind_the_triggering_of_the_wider_trade_deficit\"><\/span><strong>Reasons behind the triggering of the wider trade deficit:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Export Contraction Amid Rising Imports:<\/strong>\u00a0<ul><li>India\u2019s exports declined in July-August 2024, falling a whopping 1.5% in July and 9.3% in August.\u00a0<\/li><li>Even so, imports grew 7.5% in July and 3.3% in August, pushing the July trade deficit to a nine-month high of $23.5 billion, widening $6.2 billion in August\u00a0<\/li><\/ul><\/li><li><strong>Decline in regional manufacturing and major exports:<\/strong>\u00a0<ul><li>Sharp decline in key sectors such as petroleum, minerals and jewelry.\u00a0<\/li><li>Oil exports fell by 22.2% in July and 37.6% in August, while jewelry exports fell by more than 20% in both months.\u00a0<\/li><li>Growth in key sectors such as pharmaceuticals, electronics and stone and metal products.\u00a0<\/li><\/ul><\/li><li><strong>Oil Import Bill and Trade Fraud:<\/strong>\u00a0<ul><li>A fall in oil prices ($6 a barrel) in August led to a 30% drop in India\u2019s imports, dropping them to $11 billion\u2014the lowest level in three years in\u00a0<\/li><li>Due to lower exports of precious stones and jewelry, with some contribution from various goods and electronics.\u00a0<\/li><\/ul><\/li><li><strong>Gold Import Surge:<\/strong>\u00a0<ul><li>India&#8217;s gold imports rose to a record $10.1 billion in August, more than double the July figure and in sharp contrast to July&#8217;s 10.7% decline.\u00a0<\/li><li>The gold import duty reduction in the budget (15% to 6%), higher gold prices and festive collections by the country\u2019s jewelry industry.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risk_associated_with_significant_commercial_capital\"><\/span><strong>Risk associated with significant commercial capital:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>No significant economic risk in the trade crisis:<\/strong>\u00a0<ul><li>India\u2019s high growth rate means that global demand will naturally exceed global export demand.\u00a0<\/li><li>Trade deficits are not a concern for a growing and rapidly growing economy, unless there are foreign exchange issues.\u00a0<\/li><\/ul><\/li><li><strong>Foreign capital inflows and foreign reserves:<\/strong>\u00a0<ul><li>With the country\u2019s foreign exchange reserves as on August 2, 2024 reaching a record high of $675 billion\u00a0<\/li><li>This is enough to cover 11.6 months of imports, although it could decrease slightly if imports remain above $60 billion.\u00a0<\/li><\/ul><\/li><li><strong>Outsourcing provides stability<\/strong>\u00a0<ul><li>India\u2019s services exports, which rose by more than 10% from April to August 2024, provide some stability and an additional buffer against widening trade deficits.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Foreign_trade_in_goods\"><\/span><strong>Foreign trade in goods:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Global trade prospects for 2024:<\/strong>\u00a0<ul><li>Although global trade is expected to grow faster in 2024 than in 2023, demand remains weak in most developed markets.\u00a0<\/li><li>Geopolitical risks, ongoing conflict with the US. upcoming elections, and increased tariffs on Chinese goods create a tough environment for India and other players\u00a0<\/li><\/ul><\/li><li><strong>Impact of U.S.-China Trade Tensions:<\/strong>\u00a0<ul><li>As China&#8217;s domestic economy falters and the U.S. tariffs on Chinese goods rise, China may shift its focus to non-U.S. markets. of, and to dispose of cheaper goods.\u00a0<\/li><li>This could have a negative impact on India, especially reducing demand for Chinese imports.\u00a0<\/li><\/ul><\/li><li><strong>Oil prices and export concerns:\u00a0<\/strong>\u00a0<ul><li>Global demand will decline, pushing down oil prices, and affecting India\u2019s oil export prospects.\u00a0<\/li><li>While lower oil prices benefit oil importers, India\u2019s oil outlook remains weak and overall worries about global demand continue to rise.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-term_challenges_for_Indias_export_growth\"><\/span><strong>Long-term challenges for India\u2019s export growth:&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>India\u2019s goal of increasing industry and exports to $1 trillion by 2030 faces major hurdles.\u00a0<\/li><li>Economists highlighted the global economic slowdown, rising tariffs and non-tariff barriers, and new trade policies such as the EU approach to reforming carbon caps and deforestation regulations.\u00a0<\/li><li>While short-term opportunities for export growth are possible, the long-term outlook will be difficult.\u00a0<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/Economy\/is-the-spike-in-indias-trade-deficit-a-worry\/article68668475.ece\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TH<\/strong><\/a>\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"100_years_of_establishment_of_Indian_Council_of_Agricultural_Research_ICAR-_NISA\"><\/span><strong>100 years of establishment of Indian Council of Agricultural Research (ICAR)- NISA<\/strong>&nbsp;<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>Tags: GS-1, Agriculture Geography- Government Policies &amp; Interventions- ICAR- NISA<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-3\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Recently, the President of India, Smt. Droupadi Murmu graced the centenary celebration of the ICAR-National Institute of Secondary Agriculture (NISA) in Ranchi, Jharkhand.&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_ICAR-_NISA\"><\/span><strong>About ICAR- NISA:&nbsp;<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>About: I<\/strong>CAR-NISA was established in 1924 as the Indian Institute of Natural Rivers, in Ranchi, Jharkhand. In 2022.\u00a0\u00a0\u00a0<\/li><li><strong>Rename: I<\/strong>t was renamed in 2022 as ICAR-NISA and comes under the Ministry of Agriculture and Farmers\u2019 Welfare.\u00a0\u00a0<\/li><li><strong>Secondary Agriculture<\/strong>\u00a0<ul><li>It includes value addition to primary agricultural products and other agricultural related services such as beekeeping, poultry, agricultural excursions and so on.\u00a0<\/li><li>It refers to the practices\/methods used to process all agricultural inputs, residues and by-products into value-added products for pharmaceutical, engineering, pharmaceutical and specific food applications.\u00a0<\/li><li>Secondary agriculture is a broad term that includes food and non-food production.\u00a0<\/li><\/ul><\/li><li><strong>Examples:<\/strong> extraction of vitamins from rice and oil from refined rice, jaggery from sugarcane, cottage scale unit for making jams and pickles.\u00a0<\/li><li><strong>Potential Growth:<\/strong>\u00a0<ul><li>Consumers demand value-added products such as ready-to-eat, functional foods.\u00a0<\/li><li>The importance of unconventional agro-organic regeneration equipment.\u00a0<\/li><li>Large quantities of agricultural byproducts.\u00a0\u00a0<\/li><\/ul><\/li><li><strong>Significance of Secondary Agriculture:<\/strong>\u00a0<ul><li><strong>Environmental sustainability<\/strong>: Crop residues and agricultural wastes can be put to better use than burned or thrown away.\u00a0<\/li><li><strong>Farmer income: <\/strong>Positive economic returns from such activities Beekeeping, lakh culture and so on.\u00a0<\/li><li><strong>Added Value: <\/strong>Increases retention time and increases overall productivity.\u00a0<\/li><li><strong>Cottage Industry:<\/strong> Promotes agricultural\/rural cottage industries and the use of technology.\u00a0<\/li><\/ul><\/li><li><strong>Challenges of secondary agriculture:\u00a0<\/strong>\u00a0<ul><li>From high-value companies agricultural residues\/products such as active pharmaceuticals and others are in its infancy.\u00a0<\/li><li>Small landowner mobilization in India the rest of the vegetables are hard.\u00a0<\/li><li>Lack of research on appropriate technology.\u00a0<\/li><li>Lack of awareness about agricultural production processes Garbage is produced by farmers.\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2056984\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>PIB<\/strong><\/a>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PM_Mega_Integrated_Textile_Regions_and_Apparel_PM_MITRA\"><\/span><strong>PM Mega Integrated Textile Regions and Apparel (PM MITRA)<\/strong>&nbsp;<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>Tags: GS-3, Economy- Growth &amp; Development- Inclusive Growth- Infrastructure\u00a0<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-4\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Recently, Prime Minister Narendra Modi laid the foundation stone for the PM Mega Integrated Textile Regions and Apparel Park (PM MITRA)&nbsp; in Maharashtra&#8217;s Amravati.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_PM_MITRA_Park_Scheme\"><\/span><strong>About PM MITRA Park Scheme:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>About:\u00a0<\/strong>\u00a0<ul><li>In 2021, the Ministry of Textiles announced 7 PM- MITRA Parks states.\u00a0<\/li><\/ul><\/li><li><strong>States:\u00a0<\/strong>\u00a0<ul><li>Covered under it include Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh , Uttar Pradesh and Maharashtra.\u00a0\u00a0<\/li><\/ul><\/li><li><strong>Vision:<\/strong> It is driven by the 5F vision i.e., &#8211; Farm to Fiber to Factory to Fashion to Foreign.\u00a0<\/li><li><strong>Objective: T<\/strong>o develop large scale integrated modern technology systems for the entire textile value chain industry.\u00a0<\/li><li><strong>Period:<\/strong> 2021-22 to 2027-2\u00a0<\/li><li><strong>Department of Use: General<\/strong> utility vehicles belonging to the Central and State Governments.\u00a0<\/li><li><strong>Eligibility and Selection Criteria<\/strong>: Contiguous and unencumbered land of at least 1000 acres, national clothing and technical design.\u00a0<ul><li>MITRA gardens can be greenfield or brownfield.\u00a0<\/li><\/ul><\/li><li><strong>Implementation:<\/strong>\u00a0<ul><li>A Special Purpose Vehicle owned by the Centre and State Government will be set up for each park which will oversee the implementation of the project.\u00a0<\/li><\/ul><ul><li>The Ministry of Textiles will provide financial support in the form of Development Capital Support upto Rs 500 crore per park to the park SPV.\u00a0<\/li><li>A Competitive Incentive Support (CIS) upto Rs 300 crore per park to the units in PM MITRA Park shall also be provided to incentivise speedy implementation.\u00a0<\/li><\/ul><\/li><li><strong>Potential Benefits of PM Mitra Park Scheme:<\/strong>\u00a0<ul><li><strong>Reducing export costs\/increasing competitiveness:<\/strong> To carve 1 from processing\/dyeing and printing to garment manufacturing place.\u00a0<\/li><li><strong>Business generation: <\/strong>Each park is set to cost 1 lakh direct jobs and 200,000 jobs indirectly.\u00a0<\/li><li><strong>Achieving SDG goals: <\/strong>e.g., SDG 9 (\u201cBuilding resilient systems to promote sustainable technology and encourage innovation\u201d).\u00a0<\/li><\/ul><\/li><li><strong>Other initiatives taken for textiles Industry:<\/strong>\u00a0<ul><li>Scheme for Capacity Building in Textile Sector (SAMARTH), addresses the skilled manpower requirement across the textile sector.\u00a0<\/li><li>Amended Technology Up-gradation Fund Scheme (ATUFS), provides credit linked Capital Investment\u00a0<\/li><li>Subsidy (CIS) to units for purchase of benchmarked machinery in different segments of Textile Sectors.\u00a0<\/li><li>National Technical Textiles Mission Production Linked Incentive (PLI) Scheme for Textiles\u00a0<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/retail.economictimes.indiatimes.com\/news\/apparel-fashion\/apparel\/pm-modi-lays-foundation-stone-for-pm-mega-integrated-textile-regions-and-apparel-park-in-maharashtra\/113518281\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ET<\/strong><\/a>\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pradhan_Mantri_Vishwakarma_Scheme\"><\/span><strong>Pradhan Mantri Vishwakarma Scheme<\/strong>&nbsp;<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>Tags: GS &#8211; 2,Government Policies &amp; Interventions\u2013 Growth &amp; Development<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-5\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Recently, the Prime Minister emphasized that the Prime Minister\u2019s Vishwakarma Yojana embodies the spirit of \u2018sammanah, samarthah, samridhi\u2019 (respect, power, prosperity).&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Pradhan_Mantri_Vishwakarma_Yojana\"><\/span><strong>About Pradhan Mantri Vishwakarma Yojana:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Objective: <\/strong>To provide comprehensive support to artisans and artisans engaged in traditional industries to strengthen and enhance their livelihoods.\u00a0<\/li><li><strong>Implementation:<\/strong> The scheme is being implemented by micro, small and medium enterprises (MSMEs), with support from state and local government agencies\u00a0<\/li><li><strong>Beneficiaries:<\/strong> The scheme targets artisans and artisans working in 18 traditional trades, including carpentry, metalwork, ceramics and tailoring.\u00a0<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits\"><\/span><strong>Benefits:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Admission: <\/strong>Artists get PM Vishwakarma certificate and certificate.\u00a0<\/li><li><strong>Skills Development:<\/strong> Sponsorship for initial and advanced training.\u00a0<\/li><li><strong>Incentive tools: <\/strong>e-vouchers for equipment purchases.\u00a0<\/li><li><strong>Credit: <\/strong>Unsecured loans with low interest rates.\u00a0<\/li><li><strong>Digital Transaction Incentives: <\/strong>Rewards for Digital Transactions.\u00a0<\/li><li><strong>Marketing Support:<\/strong> Assistance with branding, e-commerce and marketing.\u00a0<\/li><li><strong>Formalization: <\/strong>Beneficiaries of the MSME ecosystem are brought on board as entrepreneurs.\u00a0<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=2056989#:~:text=Highlighting%20that%20the%20present%20government,spirit%20of%20PM%20Vishwakarma%20Yojna%E2%80%9D\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>PIB<\/strong><\/a><strong><\/strong>&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"296\" height=\"169\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/09\/image-231.png\" alt=\"Credit Default Swaps\u00a0\" class=\"wp-image-46375 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 296px; --smush-placeholder-aspect-ratio: 296\/169;\" \/><figcaption><strong>Credit Default Swaps<\/strong>\u00a0<\/figcaption><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Credit_Default_Swaps\"><\/span><strong>Credit Default Swaps<\/strong>&nbsp;<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>Tags: GS-3, Economy- Growth &amp; Development- Market\u00a0<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-6\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Recently, the Securities and Exchange Board of India (SEBI) announced that mutual funds can now sell credit default swaps (CDS).&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Credit_Default_Swaps\"><\/span><strong>About Credit Default Swaps:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Allows an investor to swap or offset their credit risk with that of another investor.\u00a0<\/li><li>The buyer pays an ongoing premium similar to the payments on an insurance policy.\u00a0\u00a0<\/li><li>The seller agrees to pay the security\u2019s value and interest payments if a default occurs.\u00a0<\/li><li>It can be used for speculation, hedging, or as a form of arbitrage.\u00a0<\/li><li>Credit default swaps played a role in both the 2008 Great Recession and the 2010 European Sovereign Debt Crisis.\u00a0<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_Mutual_Funds\"><\/span><strong>What are Mutual Funds?<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments and\/or other securities.\u00a0<\/li><li>The income \/ gains generated from this collective investment is distributed proportionately amongst the investors after deducting applicable expenses and levies.\u00a0<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/incoming\/sebi-allows-mfs-to-sell-credit-default-swaps-to-boost-corporate-bond-liquidity\/article68664811.ece\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TH<\/strong><\/a><strong><\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center\"><img decoding=\"async\" src=\"blob:https:\/\/edukemy.com\/f5530428-ed23-4c57-b4cd-20f843a89099\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quad_Group\"><\/span><strong>Quad Group<\/strong>\u00a0<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>Tags: GS-2, IR- Bilateral Groupings &amp; Agreements-\u00a0 QUAD<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-7\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Recently, the Prime Minister of India is participating in the fourth Quad Leaders Summit in Wilmington, Delaware in the United State of America (USA).&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_the_Quad_Group\"><\/span><strong>About the Quad Group:<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Four democracies:<\/strong> India, Australia, US. and Japan, known as the Quadrilateral Security Dialogue (Quad) strategic alliance.\u00a0<\/li><li><strong>Aim: <\/strong>To ensure a free and open Indo-Pacific based on the rule of law.\u00a0<\/li><li><strong>Objectives:<\/strong> Focuses on maritime security, climate change, investment and technological innovation.<\/li><li><strong>History:<\/strong> Built for disaster relief in 2004 after the Indian Ocean tsunami. It was formalized in 2007 but stalled due to China\u2019s opposition and India\u2019s reluctance.\u00a0<\/li><li><strong>Resurrection:<\/strong> Rejoined in 2017; In 2019, he was promoted to minister.\u00a0<\/li><li><strong>Summit:<\/strong> The first virtual summit in March 2021, followed by the first in-person summit in September 2021.\u00a0<\/li><li><strong>Structure: <\/strong>There is no formal secretariat or decision-making body, instead it builds on existing agreements between members.\u00a0<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/news\/international\/pm-modi-in-us-live-updates-september-21-2024\/article68667456.ece\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TH<\/strong><\/a><strong><\/strong>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Debt_Recovery_Tribunals\"><\/span><strong>Debt Recovery Tribunals<\/strong>&nbsp;<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>TAGS: GS-2, Polity &amp; Governance- DRT<\/strong>\u00a0<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_in_the_news-8\"><\/span><strong>Why in the news?<\/strong>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The Finance Ministry recently directed banks to implement effective monitoring and oversight mechanisms for managing pending cases in Debt Recovery Tribunals (DRTs).&nbsp;<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Debt_Recovery_Tribunals_DRT\"><\/span><strong>About Debt Recovery Tribunals (DRT):<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Established: <\/strong>Under Debt Recovery due to Banks and Financial Institutions Act, 1993 (DRT Act).\u00a0<\/li><li><strong>Action: <\/strong>To enforce the rights of creditors in India and accelerate debt collection.\u00a0<\/li><li><strong>Types of Cases Handled:<\/strong>\u00a0<ul><li><strong>Mandate: <\/strong>Handle debt collection disputes from banks and financial institutions, especially for loans above \u20b920 lakh.\u00a0<\/li><li><strong>Sarfaesi Act, 2002: <\/strong>Banks are allowed to accept secured loans without court intervention. Aggrieved parties may file a Securitization Appeal (SA) with the DRT.\u00a0<\/li><\/ul><\/li><li><strong>Structure:<\/strong>\u00a0<ul><li><strong>President:<\/strong> A qualified Chief Justice who is a District Judge appointed by the Central Government.\u00a0<\/li><li><strong>Membership: <\/strong>Professional and technical membership appointed by the government.\u00a0<\/li><\/ul><\/li><li><strong>Powers under Section 22(2) of the DRT Act:<\/strong>\u00a0<ul><li>Call the person in between and investigate.\u00a0<\/li><li>Request documentation and evidence.\u00a0<\/li><li>to provide for panels to examine witnesses.\u00a0<\/li><li>Review decisions and rule on cases of default or decide ex parte.\u00a0<\/li><\/ul><\/li><li><strong>Jurisdiction:<\/strong> DRTs handle debt collection issues in specific geographical jurisdictions for banks and financial institutions.\u00a0<\/li><li><strong>Appeal and Enforcement:<\/strong> An appeal against a DRT order can be lodged with the Debt Recovery and Appeal Tribunal (DRAT).\u00a0<\/li><li><strong>Current Status: <\/strong>There are 39 DRTs and 5 DRATs all over India, each headed by a Chairman and a Chairman.\u00a0<\/li><\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/epaper.thehindu.com\/ccidist-ws\/th\/th_delhi\/issues\/100428\/OPS\/G8ADC332C.1+GSBDC4V47.1.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TH<\/strong><\/a>\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-0bdc90fc-9ad9-4d85-813a-5e4514b0e8b6\"><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=\"wp-block-heading\" id=\"block-40cac27d-7b4a-4665-868c-b163c24eb4a5\"><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 id=\"block-fe62b79c-ca63-44f8-a0c0-96c6a45e15ad\">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\" id=\"block-23001c40-3e00-420c-87f5-59940aaadbfb\"><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 id=\"block-0f058a42-e04b-44b6-81f4-497c1a633829\">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\" id=\"block-f1b64586-072f-4a35-bff3-97a46102d2fe\"><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 id=\"block-9f6f3877-b05b-40e5-a5e7-51a52c31f635\">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\" id=\"block-b41e7968-7b82-4543-ae5d-1a71348811b7\"><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 id=\"block-53c64a77-8d12-44ff-989d-c58a2d4f4266\">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\" id=\"block-f7cc4377-09d9-44ed-8cf7-babf2bd11d35\"><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 id=\"block-298260d9-b933-4357-abd6-0c751a6b0b53\">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\" id=\"block-e6963b04-cab6-4c30-87bb-2fbbac2c189a\"><span class=\"ez-toc-section\" id=\"To_get_free_counselingsupport_on_UPSC_preparation_from_expert_mentors_please_call_9773890604\"><\/span><strong>To get free counseling\/support on UPSC preparation from expert mentors please call 9773890604<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\" id=\"block-0d0ed6e9-ce2e-4b93-8d2b-f04518480f92\"><li>Join our Main Telegram Channel and access PYQs, Current Affairs and UPSC&nbsp; Guidance for free \u2013 <a href=\"https:\/\/t.me\/Edukemy4IAS\">Edukemy for IAS<\/a><\/li><li>Learn Economy for free-<a href=\"https:\/\/t.me\/+uq2Jq2ezMHE3ZjA1\" target=\"_blank\" rel=\"noreferrer noopener\"> Economy for UPSC<\/a><\/li><li>Learn CSAT &#8211; <a href=\"https:\/\/t.me\/+4hdxnlyVN_swNDNl\" target=\"_blank\" rel=\"noreferrer noopener\">CSAT for UPSC<\/a><\/li><li>Mains Answer Writing Practice-<a href=\"https:\/\/t.me\/+HS9DZh7PTytkNjJl\" target=\"_blank\" rel=\"noreferrer noopener\">Mains Answer Writing<\/a><\/li><li>For UPSC Prelims Resources, <a href=\"https:\/\/edukemy.com\/free-resources-for-upsc\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"block-d43aa89b-d314-4863-a7c4-071ab0c592d5\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_Here\"><\/span>Visit our YouTube Channel \u2013 <a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">Here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s daily current affairs briefing for UPSC aspirants explores the latest developments relevant to the upcoming civil services examination.<\/p>\n","protected":false},"author":21,"featured_media":46374,"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-46373","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\/46373","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=46373"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/46373\/revisions"}],"predecessor-version":[{"id":46380,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/46373\/revisions\/46380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/46374"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=46373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=46373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=46373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}