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Posted 01 Jul 2024
8 min read
Smart City Mission
Centre government has extended the Smart City Mission timeline till March, 2025.
About Smart City Mission
- Ministry: Ministry of Housing and Urban Affairs (MoHUA).
- It was launched in 2015 as a Centrally Sponsored Scheme.
- Aimed at promoting cities that provide core infrastructure, a clean and sustainable environment, and a high quality of life through the application of 'smart solutions'.
- Tags :
- Ministry of Housing and Urban Affairs
- Smart City Mission
Liberalised Remittances Scheme (LRS)
Indians took out $17 billion in 2023-24 for overseas travel under the RBI’s LRS.
About Liberalised Remittances Scheme
- Genesis: Introduced in 2004
- Benefit: all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both.
- There are no restrictions on the frequency of remittances under it.
- The Scheme is not available to corporates, partnership firms, Hindu Undivided Family (HUF), Trusts etc.
- Tags :
- RBI
- Liberalised Remittances Scheme (LRS)
Santhal Rebellion
The 169th anniversary of the Santhal rebellion is celebrated.
- June 30 is celebrated as Hool diwas every year in commemoration of rebellion.
About Santhal Rebellion (1855-1856)
- Leaders: Siddho, Kanho, Chand, and Bhairav, along with sisters Phulo and Jhano.
- Location: Rajmahal Hills
- Cause: exploitation and oppression of the Santhals by British colonial authorities and moneylenders.
- Karl Marx has referred to it as India’s first organised mass revolution in his book Notes on Indian History.
- The Santhal Pargana Tenancy Act of 1876 enacted by the British after the rebellion.
- The territories called 'Santhal Paraganas' were created.
- It became illegal for a Santhal to transfer land to a non-Santhal.
- Tags :
- Santhal Rebellion
- Santhal Paraganas
- Hool diwas
Eco-friendly supercapacitors
Researchers at Government College for Women, Thiruvananthapuram, have developed a method to produce activated carbon for supercapacitors from coconut husks.
- It can be used to attain sustainable and efficient green solutions for high-performance supercapacitors.
- Activated carbon acts as an ideal material for a supercapacitor because of the high surface area.
- A supercapacitor is an electrochemical energy storage device, which can be used to store and deliver charge by reversible adsorption and desorption of ions.
- Tags :
- Eco-friendly supercapacitors
- Supercapacitors
Anti dumping duty
India initiates anti-dumping probe into import of glass fibre from China, Thailand, Bahrain
About Anti dumping duty:
- Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value.
- This is an unfair trade practice which can have a distortive effect on international trade.
- Purpose: protect domestic industry from cheap imports.
- The use of anti dumping measures as an instrument of fair competition is permitted by the WTO Anti-dumping Agreement.
- Tags :
- Anti dumping duty
- WTO Anti-dumping Agreement
Shyok River
Five soldiers died after a tank was swept away by Shyok river in Ladakh.
Shyok river
- It is a right tributary of the Indus River.
- Originates from the Rimo glacier and joined by Nubra River from the north.
- Shyok and Nubra are the main rivers of Nubra Valley.
- Drains northern Karakoram mountains.
- Its placer deposit contains Gold.
- Shyok village on its riverbank is the last Indian village on the road to Daulat Beg Oldie (DBO), a military base near the India-China border.
- Tags :
- Shyok River
- Daulat Beg Oldie
- Nubra Valley
- Karakoram mountains
- Indus River.
Gandhi Sarovar
A massive avalanche hit the Gandhi Sarovar also known as Chorabari Tal located near Kedarnath Temple in Uttarakhand.
Gandhi Sarovar
- Originally known as Kanti Sarovar.
- Originates from the Chorabari Bamak Glacier.
- It is believed that at this Lake Lord Shiva imparted the knowledge of yoga to the Saptrishis.
Kedarnath Temple
- One of the 12 Jyotirlingas (dedicated to bhagwan Shiva) in India.
- A part of the Char Dham circuit in the state (Yamunotri, Gangotri, and Badrinath are the remaining 3).
- Tags :
- Gandhi Sarovar
- Chorabari Bamak Glacier
- Kedarnath Temple
Employees’ Pension Scheme
EPS scheme has been amended to give proportionate withdrawal benefits to members with less than six months of contributory service.
- So far, completing 6 months of contributory service was mandatory for such withdrawal benefit.
About EPS 1995
- Nodal Ministry: Ministry of Labour & Employment.
- Pension scheme: EPS is a “Defined Contribution-Defined Benefit” Scheme. Employees’ Pension Fund is made up of contributions by:
- employer @ 8.33% of wages; and
- Central budget @ 1.16% of wages up to an amount of Rs.15,000/- per month.
- Withdrawal benefit: Given to EPS members who leave the scheme before completing 10 years of contributory service.
- Minimum Superannuation pension: Rs. 1000
- Tags :
- Employees’ Pension Scheme
- Employees' Provident Funds and Miscellaneous Provisions Act, 1952
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