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DAILY DOSE 2nd MAY -2024 CURRENT AFFAIRS

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DAILY DOSE 2nd MAY -2024 CURRENT AFFAIRS

 

1) Look Out Circulars:

  • The Bombay High Court recently held that public sector banks (PSBs) cannot recommend or request the issuance of Look Out Circulars (LOCs) against loan defaulters.
  • Look Out Circulars (LOCs) is an instrument issued by the government as a directive to its immigration authorities to restrict and regulate the physical movement of a person.
  • The immigration department is tasked to stop any such individual against whom such a notice exists from leaving or entering the country.
  • Law enforcement agencies often use LOCs as a coercive measure to stop any individual wanted or under suspicion by the police or an investigating agency from leaving or entering the country through designated land, air, and sea ports.

 

2) Bima Vistaar : IRDAI:

  • The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to price Bima Vistaar, its ambitious all-in-one affordable insurance mass product aimed at the rural areas of the country, at Rs 1,500 per policy.
  • Bima Vistar, which is part of the Bima Trinity.
  • The first-of-its-kind all-in-one affordable insurance product, Bima Vistaar will offer life, health and property cover.
  • The product has been designed to provide a basic social safety net cover with combined features of life, health, personal accident and property insurance.
  • The product includes Life cover premium of Rs 820, Health cover Rs 500, Personal accident cover at Rs 100, and Property cover at Rs 80.

 

3) Goldman Environmental Prize 2024:

  • Alok Shukla, a forest and tribal rights activist, has been awarded the prestigious Goldman Environmental Prize 2024 for his successful campaign that saved 4.45 lakh acres of biodiversity-rich forests from 21 planned coal mines in Chhattisgarh’s Hasdeo Aranya region.
  • The forest of the Hasdeo Aranya is spread over 1.70 lakh hectares across the districts of Korba, Surajpur, and Surguja in Chhattisgarh, known as the “lungs of Chhattisgarh”, with rich biodiversity and home to 25 endangered species, 92 bird species, and 167 rare and medicinal plant species.
  • The Hasdeo River, which flows into the Mahanadi River, is fed by these forests and supplies water to the Hasdeo Bango reservoir, irrigating 741,000 acres of farmland.
  • Chhattisgarh, where 44% of the land is forested, has the third largest forest coverage in India.

 

4) Hangor Class Submarine : China

  • China has launched the first of eight Hangor-class submarines being built for Pakistan. It is a diesel-electric attack submarine.
  • It is bigger than the Indian Navy’s Kalvari class submarines, with a displacement of 2,800 tons compared to 1,775 tons for the Kalvari class.
  • The Hangor class has Air independent propulsion (AIP).
  • AIP allows submarines to stay submerged for longer periods.

 

5) IREDA Get Navratna Status:

  • IREDA (Indian Renewable Energy Development Agency), the financing agency for Renewable projects in India, was conferred with ‘Navratna status’ by the Department of Public Enterprises (Ministry of Finance)
  • IREDA is under the administrative control of the Ministry of New and Renewable Energy.
  • It was established as a Non-Banking Financial Institution in 1987.

 

6) What Is K2-18b Exoplanet?

  • The James Webb Space Telescope is gearing up for a significant mission targeting K2-18b, a distant planet with potential for extra-terrestrial life.
  • Scientists are focusing on detecting dimethyl sulphide (DMS) in its atmosphere, a gas primarily produced by life on Earth. Preliminary data suggests a high probability of DMS presence.
  • The presence of dimethyl sulphide (DMS) in the atmosphere of a distant planet, such as K2-18b, could indicate the possibility of extraterrestrial life.

 

7) Gati Shakti Cargo Terminals Initiative:

  • The Railway Ministry plans to expand its Gati Shakti Cargo Terminals initiative, aiming to offer an additional 200 terminals to corporate entities and freight operators.
  • This expansion follows the success of the initial 100 terminals announced in the Union Budget of 2022-23.
  • With 77 terminals already operational, the initiative aims to boost rail-based supply chains, increase rail freight volumes, and generate additional revenue for the railways.
  • The Gati Shakti scheme (launched in 2021) is a national master plan aimed at coordinating infrastructure projects to reduce logistics costs.

 

8) Water Trading : NITI Aayog Report

  • As urbanization gathers pace, more and more wastewater is generated. But only about 40% of this is treated, and even that is not being reused.
  • The NITI Aayog, said in a report titled ‘water trading mechanism to promote reuse of treated water’ that in many countries water trading has helped achieve water-use efficiency and productivity.
  • Water Trading is a water market mechanism that considers water as a commodity rather than a public good.

 

9) Salmonella Contamination:

  • The United States has taken stringent measures in response to salmonella contamination in shipments from Mahashian Di Hatti Pvt Ltd (MDH).
  • The situation underscores the importance of stringent quality control measures in food production and distribution. Authorities worldwide are closely monitoring such incidents to protect consumers and maintain food safety standards.
  • Salmonella is a group of bacteria that can cause gastrointestinal illness and fever, a condition known as salmonellosis.
  • These bacteria naturally reside in animals’ intestines and can be found in their faeces.

 

10) LSAM 16 : Indian Navy

  • The Indian Navy has launched the sixth barge of the LSAM 16 (Yard 130) series, named ‘Ammunition Cum Torpedo Cum Missile Barge, LSAM 20 (Yard 130),’ built by a private firm, Suryadipta Projects Pvt Ltd, in Thane, Maharashtra.
  • The launch ceremony took place recently, at the launch site of Suryadipta Projects Pvt Ltd and was presided over by Madhusudan Bhui, INAS, GM NAD (Karanja).
  • LSAM stands for “Landing Ship Ammunition,” indicating the barge’s role in transporting ammunition for the Indian Navy.

 

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