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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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