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Context: Recently, at a meeting of the Indian Banks’ Association, the idea of floating an asset reconstruction company (ARC) to improve the recovery from bad loans in the agricultural sector was discussed.
Need for such mechanism
Creating ARCs for Farm Sector Recent Proposal: To improve recovery of bad loans in the agriculture sector, leading banks have made a pitch for setting up an ARC specifically to deal with collections and recovery of farm loans.
Arguments in Favour of ARCs for Farm Loans: As agricultural markets are dispersed, a single institution, as opposed to multiple banks, would be more suited to deal with collections and recoveries from farm loans, optimising the costs of the recovery.
Arguments Against Creating ARCs for Farm Loans
Key Suggestion
Alternatives to Help Farmers: There are also other ways to help farmers such as ensuring timely access to credit on more favourable terms.
Easing the NPA Sale Procedure: It is utmost necessary for a rigorous and a realistic approach to pricing between the banks and ARCs.
Road Ahead
Context: Farm groups have ended the protests against the three agricultural laws. In this article we discuss how Setback for reforms in agriculture hinder the overall status of marginal and small farmers. Key Points
Key Reason behind shrinking incomes of small& marginal farmers
Why repealing farm laws is a setback for reforms?
Context: Recently, India surpassed Brazil in food exports to the League of Arab States for the first time in 15 years as the COVID-19 pandemic disrupted trade flows in 2020, according to data provided by the Arab-Brazil Chamber of Commerce. Key Points
Key Reason
India’s food export
Government of India initiatives to promote food export For boosting agricultural and processed food products exports, Agricultural and Processed Food Products Export Development Authority (APEDA) initiated a series of measures that include:
Major processed food products exported from India include pulses, processed vegetables, processed fruits, and juices.
About Arab league
Aim
Context: Virtual currencies created using blockchain technology have been the subject of great speculation and discussion in recent times.
About Cryptocurrencies
No intrinsic value
Ex-RBI Governor Raghuram Rajan had stated recently in a TV interview that “a lot of cryptos have value only because there is a greater fool out there willing to buy”.
Some claim that Bitcoin and other private cryptocurrencies are a new revolution in currencies and the monetary system.
Therefore, it is improbable for any notable government to favour and encourage private cryptocurrencies for these reasons.
Ban on cryptos
Conclusion
Context: Great Resignation’ crisis seems to be taking over India as more people quit jobs post-Covid. Note: The Great Resignation is a phenomenon that describes record numbers of people leaving their jobs after the COVID-19 pandemic ends.
Key Trend
What is 'The Great Resignation'? The Great Resignation is an idea proposed by Professor Anthony Klotz of Texas A&M University that predicts a large number of people leaving their jobs after the COVID pandemic ends and life returns to "normal."
Global companies revealed two trends
What's causing the Great Resignation? Industries with low location and time independence:
Virtual and remote work
What does this mean for the future?
?Road Ahead
Context: Recently, 46 lakh unorganized workers have been registered under the Pradhan Mantri Shram Yogi Maan-dhan pension scheme. About the Scheme
Benefits
Eligibility
Should Not be
Should be having
Context: The top one per cent of the population in India owns more than one-fifth of the total national income in 2021 while the bottom half earns just 13.1 per cent, said the World Inequality Report. About the Report
Key Findings of the report
Income Gap
Inequality in British India
Level of Gender inequalities
Level of Carbon inequality
Context: There was a split in Rajya Sabha over a Bill on mandating 25% of corporate social responsibility (CSR) funds used for restoration, management and maintenance of ancient monuments and archaeological sites. What are CSR Funds?
CSR motivates companies to contribute socially, economically and environmentally by engaging in acts like
Need of CSR
CSR is responsible for generating goodwill to companies either directly or indirectly. These include
Benefits of CSR
CSR Laws in India
Under Section 135 of the new act, CSR is compulsory for all companies- government or private or they meet any one or more of the following fiscal criterions
List of Permitted Activities under the CSR is included in Schedule VII of the Companies Act, 2013
Features of CSR Laws
Context: A recent report by the New Delhi-based non-profit Centre for Science and Environment (CSE) revealed that Perform, Achieve, Trade (PAT) is not effective.
About Perform, Achieve, Trade (PAT)
Working of the scheme
What is PAT cycle?
These three years of time are called one PAT cycle.
Various PAT cycles
PAT covered about 13 energy-intensive sectors
Context: Recently, Protection of Plant Varieties and Farmers’ Rights (PPV&FR) Authority revoked a PVP (plant variety protection) certificate granted to PepsiCo India.
What was the issue? The certificate was revoked on multiple grounds. This included the following
In 2016, the Pepsico company registered the FL-2027 (or FC5 variety) variety of potatoes under the PPV & FR Act, 2001.
Protection of Plant Varieties and Farmers' Rights Act 2001
Objectives
Rights under the Act Breeders’ Rights
Researchers’ Rights
Farmers' Rights
PPV& FRA Authority
General Functions of the Authority
Context: As per NITI report, Poverty ratio stands at 32.75% in rural areas against 8.81% in urban. In this article we discussed this trend with facts. Statistical Base of the survey
Earlier Committees
The earlier Tendulkar method of poverty showed the proportion of the poor in the rural population declined to 25.7 per cent from 33.8 per cent, while that in the urban population came down to 21.9 per cent from 29.8 per cent between 2009-10 and 2011-12.
The Rangarajan-led panel came up with another report. According to it, the poor constituted 30.9 per cent of the rural population during 2011-12 against 39.6 per cent during 2009-10.
This poverty line approach was abandoned by the NITI Aayog, which replaced the Planning Commission on January 1, 2015.
Key Points
Context: Recently Paytm Payments Bank Limited (PPBL), an associate entity of Paytm, has received Scheduled Bank status from Reserve Bank of India. Will bring more financial services
Payments Bank
Features
Activities that can be performed by Payment banks
Activities that cannot be undertaken by Payment banks
Advantages
Challenges
Context: Every October and November, parts of north India are engulfed by a dense fog. Farmers resort to the practice due to the limited time they have between the harvesting of kharif paddy and sowing of the rabi wheat. About Stubble burning
What are the drawbacks of this method?
Government initiatives to stop the stubble burning
However, it has now been decriminalised as per a recent government announcement.
How successful were the measures?
Suggestions
Context: During a biodiversity impact assessment study, researchers have found an acute bladder snail called Physella acuta, from the Edappally canal in Kochi.
About Physella acuta
Physical Feature
Habitat and Distribution
What is an invasive species?
Invasive species thrive in a new location because
How are they spread?
List of threats posed by them The direct threats of invasive species include
Context: Recently, the Karnataka Government has submitted its opposition to the Centre against the Kasturirangan Committee report as it can adversely affect the livelihood of people in the region.
Reasons behind rejection by Karnataka The Karnataka's Government is of the opinion that declaring Western Ghats as ESA would adversely affect the livelihood of people in the region by displacement of locals.
About Eco-Sensitive Areas
Kasturirangan Committee Report
Key recommendations by the committee (1) Declaration of Eco-Sensitive Area (ESA)
(2) Ban on various activities
(3) Urging of UNESCO World Heritage tag
Significance of the recommendations
What will be the implications if the recommendations are not implemented?
Additional Information
About Westen ghats
Context: Every year World Soil Day, celebrated on December 5, brings people’s attention to the importance of soil and its sustainable management.
History
Importance of this day
Key Significance
Context: Due to the onslaught of cyclone Jawad in Odisha, the state government had ordered to keep the schools closed in 19 districts. Moreover Heavy rains lashed coastal Odisha as cyclonic storm Jawad weakened into depression. About Cyclone Jawad
What is a cyclone?
How are cyclones formed?
Then this new “cool” air becomes warm and moist and rises, too.
Weakening of Tropical cyclones
Context: Recently, Union Cabinet has approved the funding and implementation of the Ken-Betwa river interlinking project at the 2020-21 price level.
About Ken Betwa Link Project
Development: Under Phase-I, one of the components — Daudhan dam complex and its appurtenances like Low Level Tunnel, High Level Tunnel, Ken-Betwa link canal and Power houses — will be completed.
Required Clearances: Generally, 4-5 types of clearances are required for the interlinking of river projects. These are:
Affect the Panna tiger reserve: Out of the 6,017 ha of forest area coming under submergence of Daudhan dam of Ken Betwa Link Project, 4,206 ha of area lies within the core tiger habitat of Panna Tiger Reserve.
Utility of the Project
Key Benefits
Key Hurdles
Additional Information National Perspective Plan (NNP)
Context: Decision-making on virtually all governance issues is disconnected from politics and the mobilisation of public opinion. Disconnect between politics and policy
Policy-first lens and its implications: The liberal side has a policy-first lens but is unable to articulate its ideas in a manner which makes for good politics, repeatedly couching its ideas in a bureaucratic framework disconnected from political organisation.
A politics-first approach: The right, on its side, has a politics-first lens but it derives its politics largely from its social agenda instead of issues of governance.
Reasons for the breakdown of the process
Suggestion
Context: Recently, Rajya Sabha passed the Assisted Reproductive Technology (Regulation) Bill, 2020 and the Surrogacy (Regulation) Bill, 2019 on Wednesday. Both the bills seek to curb unethical practices related to issues like sex selection and exploitation of surrogates. Surrogacy Bill 2020
Objective
Key Features
Criteria for Surrogatory Mother
Criteria for Regulation of surrogacy clinics
National and State Surrogacy Boards
The primary functions of the National Board will include
Similarly, State Surrogacy Boards are also required to be set up in each state which will report to the Central Board and the Government while also reviewing the appropriate authorities in the State.
Offences and Punishment The following acts are recognized as offences under the law and attract the corresponding punishment:-
Additional Information Surrogacy
In Vitro fertilization (IVF)
Context: With Omicron, South Africa implemented a rapid surveillance mechanism that provided early alerts. India has also responded by setting up screening centres, ICU beds, etc. Despite no alarms, the threat remains so, all cautions should be observed. How the mortality data can help in accessing pandemic situations?
What do the recent developments signify?
What steps can be further adopted?
Context: According to the new 2021 Global Health Security (GHS) Index launched by Nuclear Threat Initiative (NTI) and the Johns Hopkins Center for Health Security the world remains unprepared for future epidemic and pandemic threats.
Key Findings
Political and security risks have increased: A whopping 82 per cent of countries have low to moderate levels of public confidence in their government, according to the Index.
Global Health Security Index
Categories
With a significant number of ineligible teachers occupying posts in state’s universities, the Himachal Pradesh Private Educational Institutions Regulatory Commission has decided to create a pool of qualified candidates to help institutions in recruitments.
Small LGP cylinders weighing 5 kg will soon be available at fair price shops in the state. The fair price shop owners have given consent, albeit with some riders, to sell LPG cylinders.
The Anti-Money Laundering Cell (AMLC) has been constituted under the chairmanship of the Director General of Police at the Police Headquarters, Shimla. It will combat the organised crimes effectively.
Context: On December 6, 2021, Russia President visited India to attend the 21st India – Russia summit with his counter part Indian PM. During his visit, India and Russia signed 28 agreements. Some of them were semi – confidential. Thus, the Ministry of External Affairs did not release all of its details.
About the Summit
Recent Cooperation in Defence: Currently, 65% of Indian armed forces equipment is of Russian origin and India continues to rely on Russia for spares.
Discussions during the summit
Economic Co-operation
Strategic partnership
Issues in India-Russia Ties
Way Forward
Befriending the Best Friend: The structural constraints posed by the great power dynamic and vastly different appreciation of the regional security environment could be reduced if matters improve between Washington and Moscow.
Connecting with the Russian Far-East: Connectivity is another driver in the strategic partnership with underlying commercial advantages and overall economic development.
Cooperation in the Energy Sector: The unknowns of climate change suggest that India should accelerate its energy transition from fossil fuel based to a renewable one.
Leveraging Multilateral Institutions for Improving Relations: Promote mutually beneficial trilateral cooperation between Russia, China and India that could contribute towards the reduction of mistrust and suspicion between India and China.
Context: Recently, Rajya Sabha reserved its decision to allow the introduction of a Private Member’s Bill to amend the Preamble to the Constitution. About the Constitution (Amendment) Bill, 2021
Four important aspects can be ascertained from the above text of the preamble
Preamble as part of the constitution
Though preamble is part of the constitution;
Preamble and its amendability
About Private Member
Previous Private Bills
14 private member’s bills — five of which were introduced in Rajya Sabha — have become law so far. Some other private member bills that have become laws include-
Significance
Context: Recently data related to human rights violations in states was provided by the Ministry of Home Affairs in Rajya sabha.
About human rights violation
Examples
Current Scenario in India Total Violations
Caste-based Discrimination and Violence
Communal and Ethnic Violence
Freedom of Association
Freedom of Expression
Violence against Women
Children's Rights
Key Suggestions
About World Human Rights Day
Causes of Violence against Women
What is Universal Declaration of Human Rights?
Context: Recently, the Chief Justice of India proposed creation of a National Judicial Infrastructure Authority of India (NJIAI). Aout NJIAI
NJIAI will take control of the budgeting and infrastructure development of subordinate courts in the country.
Members
Scheme for Development of Infrastructure Facilities for Judiciary
Budget and Expenditure
Suggestions for improving judicial infrastructure in India The Department of Justice at the central level can coordinate with the State Law Departments on the following actions:
Context: During the formulation of the Indian Constitution, it was proposed that any petition alleging violation of fundamental rights by the state should be decided judicially within a month.
Effect of judicial delay on both individual and the state
Making the Constitution effective: Consequently, a Constitution is entirely ineffective if a rights-violating status quo is allowed to exist and perpetuate for months, or even years, before it is finally resolved.
Missing the accountability: Issues around the federal structure, elections, and many others, all involve questions of power and accountability, and the longer that courts take to resolve such cases, the more we move from a realm of accountability to a realm of impunity.
Significant cases that are unresolved 1) Challenge to the dilution of Article 370
2) Constitutional challenge to the electoral bond scheme
3) Other significant cases
Implications of the delay
Context: Recently, Government has informed the Supreme Court that the appointment of Chairperson and Members of the 22nd Law Commission of India is under consideration. Key Points
Issues over appointment
About Law Commission
Colonial Background
Post-Independence functioning
Major reforms undertaken
Role in legal reforms
Context: Recently, the Public Accounts Committee (PAC) has completed 100 years.
About Public Accounts Committee (PAC)
The Public Accounts Committee consists of 22 members elected according to the principle of proportional representation by means of single transferable vote:
Representation
Process of Election
Appointment of Chairperson
Minister not to be Member of Committee
Term of Office
Assistance by CAG
Constitution of Working Groups/Sub-Committees
Role & Functions
Context: Recently, several tribal outfits in Tripura have joined hands to push their demand for a separate state, Greater Tipraland for indigenous communities in the region.
Demand for Greater Tipraland
Among the 19 notified Scheduled Tribes in Tripura, Tripuris (aka Tipra and Tiprasas) are the largest.
What does the Constitution say?
How did the demand originate?
What has been done to address the grievances of indigenous communities?
Additional Facts Autonomous District Council
Powers and competencies
Under the provisions of the Sixth Schedule, autonomous district councils can make laws, rules and regulations in the following areas:
Taxation and revenue
Context: Recently, the Russian President Vladimir Putin visited India. At the meeting, India signed many agreements with Russia. The meeting is significant as it was the first 2+2 meeting between the foreign and defense ministers of the two countries. About Logistical exchange agreements
RELOS Agreement with Russia
Need for RELOS
Strategic significance of RELOS Agreement
Fulfilling Arctic aspirations of India
Does India have similar arrangements with other Countries?
Other defence trade between the two countries
Future trajectory of the defence cooperation
Acknowledging Importance of Each Other: Russia will remain a key defense partner for India for decades to come.
Joint Military Production: The two countries have been discussing how they can cooperate in using India as a production base for exporting to third countries Russian-origin equipment and services.
Context: Recently, Nagaland Cabinet has recommended that the Armed Forces Special Powers Act (AFSPA), 1958 be repealed from the state after the incident in Mon district in which security forces gunned down 13 civilians. About Armed Forces Special Powers Act (AFSPA)
Where is AFSPA currently invoked?
What is a “disturbed area” and who has the power to declare it?
Which States are, or had come under this Act?
What are the powers granted by the AFSPA Act to armed forces?
The Act gives sweeping powers to the armed forces.
What are the safety nets provided under the AFSPA Act?
Naga killings point to AFSPA pitfalls
Naga People’s Movement for Human Rights vs Union of India- SC’s 1997 verdict laid down guidelines for use of AFSPA:
Context: In many public places in Hyderabad, there are signboards that read: ‘Big boss is watching you’.
Issue Surveillance practices like data analytics, social media analysis capabilities and facial recognition are alleged to be an attempt to control citizens’ lives through technology.
How this Surveillance technology worked?
Need of this move
Problem associated with such technologies
Issue with Cordon and search operations
Context: Recently, Niti Aayog and the Center for Science and Environment(CSE) has released a report titled “Waste-wise Cities: Best practices in municipal solid waste management”. The report is a comprehensive knowledge repository of how Indian cities are managing their solid waste.
Municipal Solid Waste
What are some best examples of cities in managing municipal solid waste?
What are the key learnings from the practices adopted by cities in managing municipal solid waste?
Context: Recently, World Health Organisation has unveiled the third progress report on Global trans-fat elimination 2021.
Key highlights of the Report
Best Practice Policies
What are Trans Fats?
Two types of trans fats
Artificial trans fats (or trans fatty acids) are generated in food items during an industrial process that adds hydrogen to liquid vegetable oils to make them more solid.
Rationale behind: Industrial trans fats are highly toxic compounds that can lead to several non-communicable diseases such as cardiovascular diseases. Heart risks: Trans fats are associated with increased risk of heart attacks and death from coronary heart disease.
Project REPLACE
Major areas of action include
Context: Recently, Lancet has published a paper titled ‘The national suicide prevention strategy in India: Context and considerations for urgent action’. Key highlights of paper
Method of suicide
Causes of suicide
Measures by India in this regard
The National Mental Health Policy of India, aimed to reduce suicide deaths and suicide attempts through various means such as:
Context: Due to the Covid pandemic, Anganwadis were closed owing to lockdown. This article discusses the need to reopen the Anganwadis since they are the focal point for the execution of all ICDS health, nutrition, and early learning programmes. About Anganwadi
Significance of Anganwadis
Impacts of Anganwadis Closure
Benefits of Reopening Anganwadis
Myriad challenges before Anganwadis
Ways to increase the efficiency of Anganwadis
Additional Information Accredited Social Health Activist (ASHA)
The aim of the ASHA is to
Auxiliary Nurse Midwife
Access to prime resources