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DAILY DOSE 13^th AUG -2024 CURRENT AFFAIRS

In response to the volatile situation in Bangladesh, the Indian government has established a committee to monitor the Indo-Bangladesh border and ensure the safety of Indian nationals and minority communities in the neighboring country. The committee will maintain communication with Bangladeshi authorities and oversee security measures at the border.

The Indian Olympic Association (IOA) has announced that hockey goalkeeper PR Sreejesh and pistol shooter Manu Bhaker will be the co-flag bearers for India at the closing ceremony of the Paris 2024 Olympic Games.

3) International Youth Day 2024:

International Youth Day, observed annually on August 12th, is a global celebration that recognizes the contributions of young people to society and addresses the challenges they face..
The day serves as a platform to raise awareness about socio-economic and socio-political issues affecting youth worldwide. Theme for 2024: From Clicks to Progress Digital Pathways for Sustainable.

4) Overnight Index Swap:

The Deputy Governor of the Reserve Bank of India (RBI) said that RBI has been reviewing the investment limit for foreign investors in the Overnight Index Swap (OIS) market.
Overnight Index Swap (OIS) is a derivative instrumentwhere returns under a fixed rate asset are swapped against a pre-determined published index of a daily overnight reference rate for an agreed period of time.
The primary purpose of an OIS is to manage interest rate risk, particularly the risk associated with fluctuations in the overnight lending rate.
It is calculated each day.

Perseid meteor shower which is this year’s most-awaited meteor shower is set to peak
The name Perseid is believed to be derived from the Perseus constellation.
It peaks during mid-August each year and is considered to be among the best meteor showers. Perseids, usually swift and bright, leave a trail of light and colour behind them as they traverse through the night sky.
It is also one of the most plentiful showers with nearly 100 meteors seen per hour.
The Perseids are special because they often generate fireballs.

NITI Aayog has laid down a comprehensive roadmap to promote seaweed cultivation in India in its report published titled “Strategy for the development of Seaweed Value Chain”.
This includes steps for research, investment, training, infrastructure development, and market promotion toincrease seaweed production, which can benefit the environment, economy, and local communities.
Seaweeds are the primitive, marine non-flowering algae without root, stem and leaves and play a major role inmarine ecosystems.
Large seaweeds form dense underwater forests known as kelp forests, which act as underwater nurseriesfor fish, snails and sea urchins.

7) Forest Clearance For Non-Foresting Activities In Wildlife Sanctuaries:

The MoEFCC told the NGT that the Assam government did not obtain necessary forest clearance for non-forestry activities in the Sonai-Rupai Wildlife Sanctuary. The Ministry highlighted that such activitiesrequire approval from central govt, which was not sought.
Sonai Rupai Wildlife Sanctuary, located in Assam, India, is known for its diverse flora and fauna, includingthe endangered one-horned rhinoceros.
It serves as a critical habitat for various wildlife species and ispart of the larger Kaziranga-Karbi Anglong landscape.
The Ministry advised the NGT to pass suitable orders on encroachment issues, noting that stategovernments can address unauthorised construction or illegal settlements..

8) Deep Winter Heatwaves:

Antarctica has been experiencing a significant deep-winter heatwave, marking the second instance of record-breaking temperatures in two years.
Ground temperatures have risen by an average of 10 degrees Celsius above normal since mid-July 2024, with some areas experiencing increases of up to 28 degrees Celsius.
The polar vortex (also known as polar pig) is a large area of low pressure and cold air surrounding both of the Earth’s poles.
The term “vortex” refers to the counterclockwise flow of air that helps keep the colder air near the Poles. It always exists near the poles, but weakens in summer and strengthens in winter..

9) Google Violate Anti-Trust Laws:

On August 5, US District Judge Amit Mehta ruled that Google violated antitrust laws by maintaining a monopoly in “general search services” and “search text ads” through exclusive deals with companies like Apple and Samsung.
Antitrust laws and regulations are designed to promote fair competition and prevent anti-competitive practices in the marketplace.
“Anti-trust” issues refer to situations where companies or organizations engage in activities that hinder competition, limit consumer choice, or create monopolies or dominant market positions.
Google violated antitrust laws by maintaining its search engine monopoly through exclusive agreements. Google invests over USD 26 billion annually to maintain its default search status, holding over 89% share in general search and about 95% on mobile.

10) T.V. Somanathan Appointed as New Cabinet Secretary:

Senior IAS Officer T.V. Somanathan has been appointed as the new Cabinet Secretary of India, succeeding Rajiv Gauba, whose term ends this month. Somanathan will begin his two-year tenure on August 30, 2024.