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DAILY DOSE 3rd MAY -2024 CURRENT AFFAIRS

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DAILY DOSE 3rd MAY -2024 CURRENT AFFAIRS

 

1) Group Of Seven:

  • Energy ministers from the Group of Seven (G7) reached a deal to shut down their coal-fired power plants by 2035.
  • The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels, of which coal is the most polluting.
  • The Group of Seven (G7) is an intergovernmental political and economic forum that brings together seven of the world’s advanced economies.
  • These countries include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

2) Inheritance Tax:

  • A prominent political leader of India’s opposition party has expressed interest in the proposed legislation on Inheritance Tax.
  • There has been a lot of discussion about using inheritance tax as a tool for redistribution of wealth to address Income Inequality in India.
  • Inheritance tax is a tax paid for inheriting a property or asset from a deceased person.
  • It is levied on the value of the inheritance received by the beneficiary, and it is paid by the beneficiary.
  • Depending on the country, it can be as high as 55%.
  • A person can receive inheritance either under a Will or under the personal law of the deceased.
  • In India, the concept of levying tax on inheritance does not exist now.
  • The first step is to determine the total value of assets.

 

3) State Of The Climate In Asia : Report

  • Asia has warmed faster than the global average since 1960, the World Meteorological Organisation’s 2023 ‘State of the Climate in Asia’ report has said.
  • According to the report, released on April 23, the Asian continent is struggling with extreme climate events like floods and heatwaves, with record-breaking temperatures and precipitation reported across its countries.
  • More than 2,000 people were killed and more than nine million were affected by extreme climate events across Asia in 2023. More than 80% of these events were related to storms and floods.
  • The report recorded several parts experiencing severe heat waves, leading to multiple fatalities, but acknowledged that heat-related mortality is widely underreported.

 

4) Regenerative Blue Economy : International Union For Conservation Of Nature

  • The International Union for Conservation of Nature (IUCN) has released a report outlining a roadmap for a Regenerative Blue Economy (RBE).
  • This approach goes beyond mere sustainability, aiming to actively restore and revitalize our oceans.
  • The report proposes a hierarchical structure to categorize different interpretations and levels of sustainability within the Blue Economy concept, they are:
    • Ocean/Brown Economy: Refers to all economic activities directly or indirectly related to the ocean.
    • Synonymous with the traditional “marine economy” or “maritime sectors”.
    • Includes sectors like shipping, ports, fisheries, offshore oil/gas, etc.

 

5) Kutch Ajrakh:

  • The Controller General of Patents, Designs, and Trademarks (CGPDTM) has bestowed the Geographical Indication (GI) certificate upon the traditional artisans of ‘Kutch Ajrakh,’ hailing from the vibrant region of Kutch in Gujarat.
  • The Ajrakh is a textile craft, holds deep roots in the cultural tapestry of Gujarat, particularly in the regions of Sindh, Barmer, and Kutch, where its legacy spans millennia.
  • The art of Ajrakh entails a meticulous process of hand-block printing on treated cotton cloth, culminating in intricate designs infused with rich symbolism and history.
  • Ajrak’s nomenclature originates from ‘Azrak’, meaning indigo, a well-known substance most often employed as a powerful dye to achieve a bluish effect.

6) Supersonic Missile-Assisted Release Of Torpedo (SMART) System:

  • The Defence Research and Development Organisation (DRDO) tested a next-generation torpedo release system.
  • Supersonic Missile-Assisted Release of Torpedo (SMART) System has been designed and developed by the Defence Research and Development Organisation.
  • It was launched from a ground mobile launcher from the Dr APJ Abdul Kalam Island off the Odisha coast.
  • This missile-based mechanism to launch lightweight torpedoes can target submarines hundreds of kilometres away far beyond the conventional range of lightweight torpedoes.

7) Antares:

  • The Bengaluru-based Indian Institute of Astrophysics (IIA) has filmed the passing of the moon in front of Antares, a bright red star.
  • Antares, also known as Alpha Scorpii, is the alpha, or brightest, star in the constellation Scorpius, and the 15th-brightest star in the whole night sky.
  • It is a massive red supergiant star. It is 10,000 times brighter than our sun.
  • It is one of the largest known stars, 700 times the sun’s diameter, large enough to engulf the orbit of Mars if the solar system were centered on it.

 

8) ISRO Released ISSAR 2023 Report on Vulnerability of Space Assets to Collisions:

  • Sreedhara Panicker Somanath, Chairman of Indian Space Research Organisation(ISRO) released the Indian Space Situational Assessment Report(ISSAR) for 2023 compiled by ISRO System for Safe and Sustainable Space Operations Management (IS4OM).

 

9) Walrus Death From Bird Flu In Arctic:

  • A researcher from the Norwegian Polar Institute, Christian Lydersen, reported the first case of a walrus dying from bird flu on Hopen Island in the Svalbard archipelago

 

10)  World Asthma Day 2024:

  • World Asthma Day is an annual event that aims to make more people aware of the challenges those with asthma face. It’s organized by the Global Initiative for Asthma (GINA), healthcare groups, and asthma educators
  • The 2024 theme for World Asthma Day is “Uncovering Asthma Misconceptions,” to tackle prevalent myths and misunderstandings surrounding asthma.

 

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