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DAILY DOSE 4th JULY -2024 CURRENT AFFAIRS
1) Project-76:
- Under Project 76, the Warship Design Bureau of the Indian Navy is working on designing and developing the country’s first indigenously conventional diesel-electric submarine.
- The Indian Navy wants to build 12 submarines under Project 76.
- Envisioned as air-independent propulsion (AIP)-equipped diesel-electric attack submarines, these submarines, expected to have a submerged displacement of 3,000 tons, represent a leap beyond their foreign-designed predecessors like Project-751 (India) and Project-75 submarines.
- It aims to succeed the Sindhughosh (Kilo) class, emphasizing the Navy’s commitment to maintaining a robust 3,000-ton class of submarines.
- It is expected to feature some of the most advanced features such as, indigenous Weapon Control system and Lithium-ion batteries.
2) European Council : Next President
- The Prime Minister of India congratulated H.E António Costa on being elected as next President of the European Council.
- European Council institution that defines the general political direction and priorities of the European Union.
- It was created as an informal forum in 1974 for discussion between heads of state or government of the EU member states.
- Under this treaty the European Council acquired a formal status and role to provide the impetus and general political guidelines for the EU.
- The members of the European Council are the heads of state or government of the 27 EU member states, the European Council President and the President of the European Commission.
3) Snowblind Malware:
- A new banking malware called ‘Snowblind’ is targeting Android users to steal banking credentials.
- Snowblind malware is a new Android malware that uses a built-in Android security feature to bypass anti-tamper mechanisms and steal banking credentials.
- This malware exploits a built-in security feature to bypass anti-tamper protection in apps handling sensitive information.
- It works by repacking an app so it is unable to detect the use of accessibility features that can be used to extract sensitive information like login credentials and get remote access to the app.
- It exploits a feature called ‘seccomp’, which stands for ‘secure computing’.
4) INS Ranvir:
- The Indian Naval Ship INS Ranvir, of the Eastern Fleet under the aegis of the Eastern Naval Command arrived at Chattogram, Bangladesh as part of an Operational Deployment.
- INS Ranvir is a Rajput Class Guided Missile Destroyer which has undergone upgrade with state of art weapons and sensors, majority being indigenous.
- It is the fourth of the fiveRajput-class destroyers built for the Indian Navy which was commissioned on 28 October 1986.
- During this visit, personnel from the Indian and Bangladesh navies will engage in a wide range of professional interactions including Subject Matter Expert Exchange (SMEE), cross-deck visits, community outreach and friendly sports fixtures.
5) eSankhyiki Portal:
- The Ministry of Statistics and Programme Implementation (MoSPI) has developed an eSankhyiki portal.
- eSankhyiki Portal provides real-time inputs for planners, policy-makers, researchers and the public at large.
- The objective of this portal is to establish a comprehensive data management and sharing system for ease of dissemination of official statistics in the country.
- It has two modules namely:
- Data Catalogue Module:This module catalogues the major data assets of the Ministry at one place for ease of access.
- It allows users to search within datasets, including within tables, and download data of interest to increase its value and re-usability.
6) Nova Explosion:
- Global professionals and amateur astronomers are waiting for an once-in-a-lifetime nova explosion which will occur in September, 3,000 light-years from the Earth.
- Nova Explosion is the dramatic instance of a star exploding as it interacts with another, nearby star.
- It’s a one of many, repeated moments during the long, slow, death of two neighboring stars in the same system.
- Astronomers are waiting for the fiery explosion of T Coronae Borealis, also dubbed the “Blaze Star” and known to astronomers as “T CrB”.
- For T CrB, this nova event happens roughly every 80 years — it’s like Halley’s Comet event every 76 years — so, astronomers call T CrB a “recurrent” nova.
7) Glucagon Manufacturing In PLI Scheme:
- The government decided to manufacture a Glucagon-like peptide receptor agonist (GLP-1RA) drug in India under the Production Linked Incentive (PLI) scheme from 2026.
- GLP-1RA is a class of anti-diabetic drugs which are also used for weight loss.
- Apart from GLP-1RA, investors are planning to make other drugs like Ozempic (for diabetes), and Wegovy (for obesity) at the site and the PLI scheme will provide manufacturing avenues in India.
- The PLI scheme is an ambitious central scheme to scale up domestic manufacturing capability, accompanied by higher import substitution and employment generation.
8) World Drug Report 2024 : United Nations Office On Drugs And Crime
- The United Nations Office on Drugs and Crime (UNODC) released its World Drug Report 2024, drawing global attention to escalating concerns in the international drug landscape.
Highlights of the Report:
- In 2022, the number of drug users worldwide reached 292 million, representing a 20% increase over the past decade.
- Cannabis remains the most popular drug, with 228 million users, followed by Opioids, Amphetamines, Cocaine, and Ecstasy
- The report warns about nitazenes, a new class of synthetic opioids more potent than fentanyl.
9) Revised Currency Swap Framework For SAARC:
- The Reserve Bank of India (RBI), has decided to put in place a revised framework for currency swap arrangements for SAARC (South Asian Association for Regional Cooperation) countries for the period 2024 to 2027.
- A currency swap agreement between two countries is a contract to exchange currencies with predetermined terms and conditions for liquidity support.
- Central banks and Governments engage in currency swaps with foreign counterparts to meet short-term foreign exchange liquidity requirements or to ensure adequate foreign currency to avoid the Balance of Payments (BOP) crisis till longer arrangements can be made.
- These swap operations carry no exchange rate or other market risks as transaction terms are set in advance.
- The SAARC currency swap facility first came into operation on 15th November 2012, to provide a backstop line of funding for short-term foreign exchange liquidity requirements or balance of payment crises of the SAARC countries till longer-term arrangements are made.
10) BCCI Announces INR 125 Crore Award For T20 World Champions India:
- The Board of Control for Cricket in India (BCCI) has announced a consolidated cash prize of Rs. 125 crore for the Indian men’s T20 World Cup-winning squad.
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