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DAILY DOSE 24th  JUNE -2024 CURRENT AFFAIRS

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DAILY DOSE 24th  JUNE -2024 CURRENT AFFAIRS

 

1) Hooch : Spurious Liquor Of Tamil Nadu’s

  • At least 34 people have died, and around 100 others have been hospitalised after consuming hooch, or spurious liquor, in Tamil Nadu’s Kallakurichi.
  • Hooch is a commonly used term for poor quality alcohol, derived from Hoochinoo, a native Alaskan tribe that was known to produce very strong liquor.
  • Unlike branded liquor which is produced in factories with sophisticated equipment and rigorous quality control, hooch is made in much more crude settings.
  • All alcohol is produced using two basic processes: fermentation and distillation.
  • When heated, yeast reacts with sugar (from grain, fruits, sugarcane, etc.) to ferment and produce a mixture containing alcohol.

 

2) New Freshwater Diatom Genus Discovered:

  • Researchers have discovered a new genus of the Gomphonemoid diatom found in the clean water river of the Eastern Ghats and it has been named Indiconema to value its restricted distribution in the country.
  • Indiconema differs in having a pore field at both the head and foot pole rather than having only at the foot pole.
  • Researchers reported one species of Indiconema from the Eastern Ghats and another from the Western Ghats.
  • A similar pattern of sharing endemic elements between two mountain systems has been observed for other endemic-rich groups, such as reptiles.
  • Diatoms are photosynthetic, single celled organisms.

 

3) Pigment Purpurogallin:

  • A team of scientists from the UK and Canada traced the evolution of purple glacier algae, revealing their significant impact on glaciers and challenging traditional evolutionary theories.
  • These algae, which thrive in extreme glacier environments, have evolved to produce a purple pigment, purpurogallin, that protects them from UV and visible light, aiding in their survival.
  • The study shows that these adaptations likely emerged 520-455 million years ago, rather than during the Snowball Earth period as previously thought.
  • This suggests a more recent glacial period drove their evolution.

4) Insurance Regulatory and Development Authority of India Directs Insurance Companies to Cease Selling ULIPs as Investment Products

  • The Insurance Regulatory and Development Authority of India (IRDAI) has instructed life insurance companies not to market unit-linked Insurance plans (ULIPs) as investment products.

What is the meaning of Unit Linked Insurance Plan?

  • A ULIP is an insurance plan that offers the dual benefit of investment to fulfil your long-term goals, and a life cover` to financially protect your family in case of an unfortunate event.

Key Highlights :

  • Distinction Between Products:Insurance companies must clearly state that market-linked insurance plans differ from traditional endowment policies and carry risks.
  • Participating endowment policies with bonuses must indicate that projected bonuses in benefit illustrations are not guaranteed.
  • Transparency Measures : As a measure to boost transparency, the regulator stated that the advertisement committee of the company and/or a senior-level officer of the distribution channel will examine and approve the advertisements and ensure that they are not misleading.
  • About IRDAI :
  • Established : 1999
  • Headquarters : Hyderabad, Telangana
  • Chairperson : Debasish Panda
  • The IRDAI is a statutory body under the jurisdiction of the Ministry of Finance (MoF), Government of India (GoI) and is tasked with regulating and licensing the insurance and reinsurance industries in India.

 

5) A high-level committee led by former ISRO chief to work on reforms in examinations & NTA

  • The Union Education Ministry has constituted a high-level committee of experts to ensure the transparent, smooth, and fair conduct of examinations.
  • The committee, led by Dr. K. Radhakrishnan, former Chairman of ISRO, will provide recommendations on several key areas:

Objectives of the Committee

  • Reform in Examination Mechanism: The committee will analyze the end-to-end examination process and suggest measures to improve efficiency and prevent breaches.
  • Data Security Protocols: Evaluating existing data security processes and recommending improvements.
  • NTA Structure and Functioning: Examining the structure and functioning of the National Testing Agency (NTA) and suggesting organizational improvements.

 

6) Telangana Chief Minister A Revanth Reddy announces Rs 2 lakh loan waiver for state farmers

  • The Telangana state cabinet has approved a proposal to waive up to 2 lakh rupees worth of crop loans for each farmer in the state by August 15, 2024.
  • This fulfils a promise made by the Congress party before the Assembly elections last year.
  • Eligibility and Timeline:Crop loans taken between December 12, 2018, and December 9, 2023, are eligible for the waiver.
  • Guidelines on eligibility criteria will be issued through a government order (GO) soon.

Key Highlights :

  • Financial Implications:The estimated cost for the crop loan waiver is Rs 31,000 crore.
  • It is expected to benefit around 40 lakh farmers in Telangana.
  • Comparison with Previous Schemes:The previous government’s crop loan waiver scheme cost Rs 28,000 crore to the state treasury.

 

7) International Olympic Day 2024: June 23

  • Olympic Day Run or International Olympic Day is celebrated on June 23 all around the world.
  • The day embraces all through pure Olympic values.
  • The theme for Olympic Day 2024 is ‘Let’s Move and Celebrate’, aiming to inspire people worldwide to engage in daily physical activity. Abhinav Bindra, India’s first individual gold medallist at the Olympics, shared his thoughts on his social media handle.
  • Venezuela, Belgium, Canada, Switzerland, Portugal, Greece, Austria, the United Kingdom, and Uruguay commemorated the first Olympic Day on June 23, 1948.
  • The origins of Olympic Day can be traced back to 1948.

 

8) Overview of the Sustainable Development Report 2024

  • The Sustainable Development Report (SDR) provides an annual review of progress made by UN member states on the Sustainable Development Goals (SDGs) since their adoption in 2015.

India’s Position

  • Ranking: India secures the 109th rank with an overall score of 64.0, indicating progress towards SDGs.
  • SDSN: The report is facilitated by the UN Sustainable Development Solutions Network (SDSN), promoting practical solutions for SDG achievement globally.

SDSN Overview

  • Establishment: SDSN was founded in 2012 by the UN to foster practical solutions for SDG implementation.
  • Global Presence: Secretariats located in Paris, France; Kuala Lumpur, Malaysia; and New York, US.
  • The Sustainable Development Report 2024 highlights both global achievements and ongoing challenges in achieving the SDGs, emphasizing the need for concerted efforts across nations to address sustainable development goals effectively.

9) India to Launch E-Medical Visa Facility for Bangladesh Nationals

  • A meeting between the two delegations in the national capital on June 22, Prime Minister Narendra Modi announced that India will start an e-medical visa facility for Bangladeshi nationals.
  • For those who are coming to India for medical treatment, India will open a new consulate in Rangpur, Bangladesh, to facilitate services for people in the northwest region of the country

 

10)  Pradeep Singh Kharola Has Been Assigned The Additional Charge of NTA DG

  • The Director General of the National Testing Agency, Subodh Kumar Singh, was removed from the post on June 22, amid controversy over irregularities in exams.
  • Subodh Kumar Singh’s services were put on a “compulsory wait” in the Department of Personnel and Training, the government said in a letter.
  • India Trade Promotion Organisation Chairman and MD Pradeep Singh Kharola was assigned additional charge of NTA DG till the appointment of a regular incumbent or until further orders

 

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