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DAILY DOSE 20th APRIL -2024 CURRENT AFFAIRS

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DAILY DOSE 20th APRIL -2024 CURRENT AFFAIRS

 

1) Global Alliance For Incinerator Alternatives:

  • The Global Alliance for Incinerator Alternatives (GAIA) Asia Pacific has called on the ASEAN to take decisive action in response to plastic pollution.
  • Global Alliance for Incinerator Alternatives (GAIA) is a worldwide alliance of more than 1,000 grassroots groups, non-governmental organizations and individuals.
  • It aims to power a transition away from our current linear and extractive economy and towards a circular system that supports people’s right to a safe and healthy environment.
  • It envisions a just, zero-waste world built on respect for ecological limits and community rights, where people are free from the burden of toxic pollution and resources are sustainably conserved, not burned or dumped.
  • This entails fighting pollution and building regenerative solutions in cities through local campaigns, shifts in policy and finance, research and communication initiatives, and movement building.
  • They work on four primary points of intervention: incineration, zero waste, plastic, and climate.

 

 

2) Gross Fixed Capital Formation:

  • The failure of private investment, as measured by private Gross Fixed Capital Formation (GFCF) as a percentage of GDP at current prices, to pick up pace has been one of the major issues plaguing the Indian economy.
  • Gross Fixed Capital Formation (GFCF) refers to the growth in the size of fixed capital in an economy.
  • Fixed assets/capital are tangible or intangible assets produced as outputs from production processes that are used repeatedly or continuously, for more than one year.
  • It consists of resident producers’ investments, deducting disposals, in fixed assets during a given period.
  • It also includes certain additions to the value of non-produced assets realized by producers or institutional units.
  • Private GFCF can serve as a rough indicator of how much the private sector is willing to invest.
  • Overall GFCF also includes capital formation as a result of investment by the government.
  • It matters because fixed capital, by helping workers produce a greater amount of goods and services each year, helps to boost economic growth and improve living standards.

 

3) Dragonfly Mission : NASA

  • NASA confirmed Dragonfly rotorcraft mission to Saturn’s organic compound-rich moon Titan with a budget of $3.35 billion and a launch date set for July 2028.
  • Dragonfly Mission is a “dual quadcopter” designed to fly across the surface of Titan, Saturn’s largest moon.
  • It will explore a variety of locations on Saturn’s moon Titan.
  • It will spend most of its time on the moon’s surface making science measurements. It will use a radioisotope power system like the Curiosity rover on Mars.
  • Its flights, data transmission and most science operations will happen during the day, and it will have a lot of time to recharge during night on Titan.

 

4) DURGA-2 : Testing

  • The Defence Research and Development Organisation (DRDO) is reported to be testing a prototype of its DURGA-2 (Directionally Unrestricted Ray Gun Array) system.
  • DURGA-2 damages or destroys its target using focused energy by means of lasers, microwaves or particle beams.
  • These weapons have several advantages over conventional munitions.
  • They transmit lethal force at the speed of light (about 300,000 kilometers per second).
  • Their beams are not affected by the constraining effects of gravity or atmospheric drag.
  • They are extremely precise. Fourth, their effects can be tailored by varying the type and intensity of energy delivered against targets.
  • The aerospace industry can transform the way wars will be fought.
  • This will enable us to produce cutting edge platforms, weapons, sensors, and networks essential to fight and win a future war.

 

5) GPS Spoofing:

  • Israel reportedly used GPS jamming to confuse Iran’s missile targeting teams ahead of Iran’s direct attack on Israel.
  • This technique, similar to what the US allegedly did during India’s Kargil war in 1999, can hinder military operations by degrading GPS signals.
  • The US initially employed “selective availability” to degrade GPS accuracy for India during the Kargil war, prompting India to develop its own navigation system called NavIC.
  • In the recent incident, Israeli locals found their GPS showing them in Cairo or Beirut, causing confusion about throwing off Iran’s missiles.

GPS Spoofing:

  • GPS spoofing, also known as GPS simulation, involves manipulating or tricking a GPS receiver by broadcasting false GPS signals.
  • This leads the receiver to believe it is located somewhere it is not, resulting in inaccurate location data.
  • This cyberattack undermines the reliability of GPS data, critical for navigation, time synchronization, and more.

 

6) CDP-SURAKSHA:

  • The Central government has launched a new platform called CDP-SURAKSHA to disburse subsidies to horticulture farmers under the Cluster Development Programme (CDP).
  • This will boost the growth of India’s horticulture sector, which contributes nearly one-third to the agriculture gross value addition (GVA).
  • CDP-SURAKSHA:
  • SURAKSHA stands for “System for Unified Resource Allocation, Knowledge, and Secure HorticultureAssistance.”
  • The platform will allow an instant disbursal of subsidies to farmers in their bank accounts by utilising the e-RUPI voucher from the National Payments Corporation of India (NPCI).
  • It has features such as database integration with PM-KISAN, cloud-based server space from NIC, UIDAI validation, eRUPI integration, local government directory (LGD), content management system, geotagging, and geo-fencing.
  • The platform allows access to farmers, vendors, implementing agencies (IA), cluster development agencies (CDAs), and officials of the National Horticulture Board (NHB).

 

7) Regulatory Sandbox : TRAI

  • The Telecom Regulatory Authority of India (TRAI) has issued significant recommendations for customer onboarding and the oversight of the Regulatory Sandbox (RS).
  • Eligibility for the RS in the Digital Communication Sector is limited to Indian nationals or entities, aiming to promote innovative technologies, services, use cases, and business models.
  • Customer onboarding in the RS requires specific voluntary consent, emphasising ethical and legal customer engagement.
  • Adherence to the Digital Personal Data Protection Act, 2023, is crucial for customer onboarding and data processing, highlighting the importance of data protection laws and regulations.
  • Applicants must disclose details of licensing or regulatory relaxations sought for testing purposes and provide a clear exit strategy for the testing phase, ensuring transparency and regulatory compliance.

 

8) Commonwealth Games : Malaysia Rejected To Host

  • Malaysia rejected the offer to host the Commonwealth Games (CWG) citing short notice and insufficient funds.
  • The Commonwealth Games (CWG) is a quadrennial international multi-sport event among athletes from the Commonwealth of Nations, which mostly consists of territories of the former British Empire.
  • The Commonwealth is a collective of 56 countries, primarily former British colonies.
  • Established in 1949 by the London Declaration.
  • Members are mainly situated in Africa, the Americas, Asia, and the Pacific, with notable emerging economies.

 

9) 100 % FDI In Space Sector:

  • The Finance Ministry has notified amended rules under the Foreign Exchange Management Act to operationalise its earlier decision to allow up to 100 per cent foreign direct investment (FDI) for the space sector. The new rules came into effect from April 16.
  • The Union Cabinet had approved the amendment to the FDI policy for the space sector, allowing up to 100 per cent investment in certain categories.
  • As per the latest Finance Ministry notification, 100 per cent FDI has been allowed for the space sector category of manufacturing and operation of satellites, satellite data products, and ground segment and user segment, out of which up to 74 per cent would be through the automatic route and government nod would be required for investment beyond 74 per cent.
  • Under the earlier policy, any foreign investment in manufacturing and operating satellites is allowed only with government approval.

About FDI:

  • Foreign Direct Investment (FDI) is defined as an investment in which a company takes controlling ownership of a business entity in another country.
  • Therefore, foreign companies get directly involved with day-to-day operations in other countries.
  • India gets FDI through two routes:
  • Automatic route: Under this route, the non-resident or Indian company does not require a prior nod from the Reserve Bank of India (RBI) or the government of India for FDI.
  • Government route: Under this route, the government’s approval is mandatory.
  • The company will have to apply through Foreign Investment Facilitation Portal, which facilitates single-window clearance.

 

10) India Wins 9 medals in Asian Wrestling Championships 2024I:

  • Indian wrestlers won a total of 9 medals (4 silver and 5 bronze) in the Asian Wrestling Championships (Seniors) 2024 held in Bishkek, Kyrgyzstan from 11th to 16th April 2024

 

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