27 October 2022 The Hindu Newspaper Analysis

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Prelims Specific Questions

1) Consider the following statements about BrahMos Missile

  1. BrahMos is a three-stage missile with a two solid propellant booster engines and a liquid ramjet engine.
  2. It operates on the “Fire and Forget” principle.
  3. It is a multiplatform missile, meaning it can be launched from land, air, and sea.

So Choose the correct statements:

a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1, 2 and 3

2) Ferghana valley, recently seen in news is located in?

a) West Africa
b) East Asia
c) South Africa
d) Central Asia

3)M.A. Khader committee, recently seen in news is related to?

a) Reforms in School education
b) Sub Categorization of Other Backward Classes
c) Private Sector investment in Space sector
d) Indigenisation of Defence sector

Thus the Answers are B, D and A.

Mains Question

 How can raising the interest rate of Small saving Schemes help in mitigating rising inflation? What are other such ways of reducing inflation?

So In this answer mention about, Policy rate, OMO and Qualitative measures of Montary policy.


Prelims Specific News items

Demand by Delhi CM to include images of Hindu Deities ( Lord Ganesh and Goddess Laxmi ) on Indian Currency Notes

Who decides which figure will be on Currency Notes?

Section 25 of the RBI Act states that the design, form, and material of banknotes must be approved by the Central Government after the Central Board’s recommendations are considered.

Is there any country which uses Indian Deities images on currency notes?

Yes, Indonesia uses the image of Lord Ganesh on their currency notes.

So Lord Ganesh on Indonesian Note

Merely changing the image of the currency not will not improve the Indian economy as suggested by the Delhi CM, the economy needs to increase production, increase investment in fixed capital, improve the supply chain and many more.

Also Read :- All about Currency Notes

RBI Link to read more about Currency notes

2. Gehlot seeks national monument status for Mangarh Dham

Mangarh Dham is located in Banswara, Rajasthan.
It is considered a tribal pilgrimage site.

Why is Mangarh dham so important?

Mangarh Dham is well-known because of the British Indian Army’s massacre of tribals in 1913.

On November 17, 1913, the British Indian Army opened fire on protesters demanding:- Firstly, the abolition of the bonded labour system and secondly, a reduction in heavy agricultural taxes imposed by princely state rulers. Because of open fire approximately 1,500 Bhil tribals and forest dwellers were killed.

Govind Guru, a social reformer, led the tribals in southern Rajasthan.

3. What is GFCF?

Gross fixed capital formation (GFCF), also called “investment”, is defined as the acquisition of produced assets (including purchases of second-hand assets), including the production of such assets by producers for their own use, minus disposals.

Fixed capital includes the assets and capital investments, such as property, plant, and equipment (PP&E), that are needed to start up and conduct business, even at a minimal stage.

Fixed Capital Components
So What is fixed Capital

4.GEAC  approves commercial cultivation of GM mustard.

The Union Environment Ministry’s Genetic Engineering Appraisal Committee (GEAC) has once again approved the proposal for the commercial cultivation of genetically modified (GM) mustard. Though the GEAC approved the proposal in 2017, the Ministry vetoed it and suggested that the panel conduct additional research on the GM crop.

After GM cotton, this will be the country’s second commercially cultivated GM crop.

So what About GEAC :-

The Genetic Engineering Appraisal Committee (GEAC) functions in the Ministry of Environment, Forest and Climate Change (MoEF&CC). As per Rules, 1989, it is responsible for appraisal of activities involving large scale use of hazardous microorganisms and recombinants in research and industrial production from the environmental angle.

The committee is also responsible for appraisal of proposals relating to release of genetically engineered (GE) organisms and products into the enviornment including experimental field trials.

GEAC is chaired by the Special Secretary/Additional Secretary of MoEF&CC and co-chaired by a representative from the Department of Biotechnology (DBT). Presently, it has 24 members and meets every month to review the applications in the areas indicated above.

5. Bats evicted from Manipur cave for tourism

A bat colony was evicted from a Manipur cave system with a Palaeolithic past so as to make it more tourist-friendly, according to a zoological study that discovered new fauna in the state. 

The Khangkhui, also known as Khangkhui Mangsor, is a natural limestone cave located in Manipur.

So UPSC can ask about the Cave in the exam.

The cave was also used as a shelter by the locals during WWII, when Japanese forces advanced into Manipur and neighbouring Nagaland.

More importantly for conservationists, the cave was also home to large roosting populations of Rhinolophidae and Hipposideridae bats.

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