Professional Documents
Culture Documents
CURRENT
AFFAIRS
DECEMBER, 2022
Useful for
CSE, ESE, PSUs, State Services Exams,
SSC and Banking Exams
2 Week-4 22nd December - 31st December
• The new weapons package will bring the total amount • Cryomesh is lightweight and can be manufactured
of military support for Ukraine approved by the US to cheaply. It better preserves coral and has the
about $22 billion. properties of cryoplates.
• The mesh technology can help store coral larvae at
About ‘Patriot System’ -196°C (-320.8°F).
• The Patriot stands for Phased Array Tracking Radar • This cryogenically frozen coral can be stored and
to Intercept on Target. later reintroduced to the wild.
• Initially developed as a system to intercept high-
flying aircraft, by U.S. aerospace and defence giant 23rd DECEMBER, 2022
Raytheon Technologies Corp.
• The Patriot system’s radar has a range of over 150 Drone Insurance Policy
km and it can track over 50 potential targets at the
• Context: Recently, various companies such as HDFC
same time.
Ergo, ICICI Lombard, Bajaj Allianz, and Tata AIG
• Currently, Patriot batteries can defend against and public sector companies such as New India
ballistic missiles, cruise missiles, drones, jets and Assurance have launched its unmanned aircraft
“other threats”. system insurance.
• It has been deployed in 18 countries, including the
U.S. Key Highlights
• It is operational across NATO geography. • Insurance players are now offering drone coverage
• It is in high demand in West Asia, where America’s within the framework set by the Insurance Regulatory
allies such as Saudi Arabia, the UAE and Israel have and Development Authority of India (IRDAI)
been using it. • The ‘New India Unmanned Aircraft System
• However it has a limitation that it doesn’t offer (UAS/ UAV/ RPAS/ Drone) Insurance’ will cover
protection against low-flying small drones. large aircraft to solo flying gliders. Coverage
will be offered to drone owners, operators, and
New method for freezing and storing manufacturers
• Third-party liability coverage will cover legal liabilities understanding and assessing the potential impact
like bodily damage or property damage claims to third of climate-related financial risks in their business
parties arising out of the usage and operation of drones strategy and operations.
• Green financing refers to lending to environmentally
Drone market in India sustainable economic activities.
• India’s potential: Drones and allied component • A taxonomy would also help banks and financial
industries can boost India’s manufacturing potential institutions in better assessing the climate risk in
by approximately $23 billion by 2030. their loan portfolio, scaling up green and sustainable
• Market size: India’s drone manufacturing industry finance and mitigating the risk of greenwashing,".
crossed annual sales of Rs 60 crore in FY 2021 and • It will enable more precise tracking of finance flows to
is expected to grow to Rs 900 crore by FY 2024. green sectors in India.
• Notably, under the Consumer Protection law, a • CCI consists of a Chairperson and 6 Members
complaint is required to be disposed of within 90 appointed by the Central Government.
days of its filing and within 150 days wherever expert • The CCI orders can be challenged in the National
evidence is required to be taken. Company Law Appellate Tribunal.
• Its main objectives are:
Competition Commission of India (CCI) Eliminate practices having adverse effect on
competition
• Context: Google has challenged the fine of Rs 1,338
Promote and sustain competition
crore by CCI to NCLAT.
Protect the interests of consumers
Key Highlights Ensure freedom of trade in the markets of India
• Google has legally challenged the order of the Establish a robust competitive environment through
Competition Commission of India (CCI), terming the
decision as a "major setback" for Android’s Indian About National Company Law Appellate
users as well as businesses, which use the ubiquitous Tribunal (NCLAT)
operating system. National Company Law Appellate Tribunal (NCLAT) was
• Google has approached the National Company Law constituted under the Companies Act, 2013. NCLAT is
Appellate Tribunal (NCLAT) against the action. the Appellate Tribunal for hearing appeals against the
• Google has challenged the order on grounds that it orders passed by:
may harm consumers indirectly through third-party • National company Law Tribunal (NCLT)
software or apps that may not be as safe as Android.
• Insolvency and Bankruptcy Board of India (IBBI)
Further, additional costs that maybe levied by Google
• Competition Commission of India (CCI)
for licensing to mobile phone makers which would be
passed on to consumers.
• During its investigation, the CCI had noted that Google’s Real-Time Source Apportionment
business model is driven with an intent of increasing Project
users on its platforms which gives it an upper hand in • Context: Identification of sources of air pollution on
showcasing its services such as its search browser,
a real-time basis has now started in the Delhi under
and other apps first to the users through exclusive
‘real-time source apportionment project’.
licensing agreements with handset makers. This
deprives smartphone makers and app developers to
Key Highlights
present their apps or services to the customers.
• 'Real-time Source Apportionment Project' was
• Further, the end users also don’t get a choice to
undertaken by the Delhi Pollution Control Committee
access app stores to access content or avail other
(DPCC) in collaboration with the Indian Institute of
services.
Kanpur (IIT-K), Indian Institute of Delhi (IIT-D) and TERI.
• The project was approved by the Cabinet in October
About Competition Commission of India (CCI)
2021 and set up in November 2022.
• The Competition Commission of India (CCI) was
• The IIT team is trying to recognise more detailed
established in 2009 by the Government of India under
identification of the types of sources, exact timing
the Competition Act, 2002 for the administration,
and location of pollution emission.
implementation, and enforcement of the Act.
• The real-time source apportionment study consists of
• The commission is also a quasi-judicial body that a supersite with state-of-the-art air analysers and a
gives opinions to statutory authorities and also deals mobile air quality monitoring system that will measure
with other cases. the level of various substances in the air above Delhi.
6 Week-4 22nd December - 31st December
• The product will also help in reducing the contractors’ About NIDHI scheme
debts to a large extent. The product will facilitate the • It is an umbrella programme conceived and
growth of upcoming infrastructure projects in the developed by the Innovation & Entrepreneurship
country. division, Department of Science & Technology.
• The Surety insurance business will assist in • Aim: To nurture start-ups through scouting, supporting
developing an alternative to bank guarantees and scaling innovations.
for construction projects. This would enable • Key stakeholders: Various departments and ministries
the efficient use of working capital and reduce of the central government, state governments,
the requirement of collateral to be provided by academic and R & D institutions, mentors, financial
construction companies. institutions, angel investors, venture capitalists and
private sectors.
• Funding: By the National Science & Technology
26th DECEMBER, 2022 Entrepreneurship Development Board (NSTEDB).
• NIDHI Accelerator: An accelerator is typically a 3-6
NIRMAN Accelerator Program months fast track structured program helping ideas
• Context: Recently, Ministry of Science and Information get accelerated to the next orbit.
technology has said that 15 startups are selected for
NIRMAN accelerator program. IIT Kanpur developed artificial heart
• Context: IIT Kanpur is ready with an artificial heart that
Key Highlights
would be of great help to people with acute cardiac
• NIRMAN Accelerator Program was launched by problems.
Start-ups Incubation and Innovation Centre (SIIC) IIT
Kanpur. Key Highlights
• The accelerator program supported by the • IIT Kanpur is ready with an artificial heart that would be
Department of Science and Technology (DST), Govt. of great help to people with acute cardiac problems.
of India, through its NIDHI scheme portfolio, will help • As per director of IIT Kanpur, the trial on animals
solve challenges in the product development journey would begin next year.
of indigenous innovations. • Now heart transplant will be easy. Artificial hearts can
• NIRMAN Accelerator Program is expected to be implanted in serious patients.
expedite the journey of startups developing cutting- • IIT Kanpur and cardiologists from across the country
edge, technology-driven innovations in these critical have developed this artificial heart.
areas from prototype to market. • After success in the trial, transplantation can be done
in humans in the next two years.
• The accelerator program will enable comprehensive
nurturing and fostering of the start-ups through • Artificial heart is being developed to reduce the
sufferings of the patients
effective mentoring and market access, and with
the completion of the training period, the start-ups
will get launched in their journey towards indigenous 27th DECEMBER, 2022
innovations.
• The programme can build focused solutions to iNCOVACC
accelerate the journey of indigenous solutions from • Context: Intranasal vaccine by Bharat Biotech called
India to build a sustainable world. iNCOVACC has been approved for booster dose.
8 Week-4 22nd December - 31st December
• The missile developed by the Defence Research and • It is aimed at the regulation of development, operation,
Development Organisation is being further developed maintenance, monitoring and supervision of urban
and its range can be extended significantly if the mobility
forces want it. • BMLTA will consist of 36 members with the Chief
• The missile system started getting developed around Minister of Karnataka as its ex-officio chairman.
2015 and the development of such a capability was • Representatives from agencies such as BBMP,
given a push by the late Gen Bipin Rawat as Chief of Bangalore Development Authority, Bangalore
Army Staff. Metropolitan Region Development Authority, Bengaluru
City Police, Southwestern Railways and National
About Parlay Missile Highway Authority of India would also be included.
• Pralay' is a quasi-ballistic surface-to-surface missile • It can establish an appropriate framework for
which means the object takes a low curved path after engagement of the private sector in planning,
being shot. development and management of mobility service
• The advanced missile has been developed in a way delivery and effective contract execution by the
to be able to defeat interceptor missiles. Urban Transport Agencies, Traffic Management
• The missile is designed to destroy enemy radar, Agencies and Infrastructure Development Agencies.
communication installations, command centres and
• Recommending policy measures, issuance of permits,
airfields.
registration of vehicles, operation of mobility services,
• 'Pralay' is powered by a solid propellant rocket motor
handling of goods, management of traffic flow.
and other new technologies.
• It will also prepare a parking policy, non-motorised
• It also has a speed of at least 2,000 km per hour and
transport policy, transit-oriented development policy,
its missile guidance system includes state-of-the-art
multi-modal integration policy and freight transport
navigation and integrated avionics.
policy.
• Pralay also has the ability to evade any anti-ballistic
missile (ABM) interceptors by performing mid-air • Any person failing to comply with the rules, regulations,
maneuvers by using a maneuverable re-entry vehicle. orders or directions of BMLTA can be punished with
a fine of up to Rs 1 lakh, which will extend to Rs 2 lakh
for a second violation
28th DECEMBER, 2022
NTPC to explore Green Methanol
Bengaluru Metropolitan Land
production at a commercial scale
Transport Authority (BMLTA) Bill, 2022
• Context: Recently, the NTPC (National Thermal
• Context: The Karnataka Legislative Assembly passed
Power Corporation) has signed a non-binding MOU
The Bengaluru Metropolitan Land Transport Authority
with Tecnimont (Italy) to explore production of green
(BMLTA) Bill, 2022.
methanol.
Key Highlights:
Key Highlights:
• Traffic congestion in Bengaluru, which can potentially
• NTPC is India’s largest power generation company.
deter investors, is a major worry for the state
The objective of the MoU is to jointly evaluate and
government. Bengaluru Metropolitan Land Transport
explore the possibility to develop a commercial-
Authority aims to fix traffic woes
scale Green Methanol production facility at the NTPC
• The legislation will be applicable to the Urban Mobility
project in India.
Region of Bengaluru.
10 Week-4 22nd December - 31st December
• The green methanol project involves capturing • Relocate redundant/old buildings in a cost efficient
carbon from NTPC power plants and converting it manner so that space is released for higher
into a green fuel. NTPC comes under the ministry of priority passenger related activities and future
power development.
• Green methanol is a low-carbon fuel that can be • Club different grades/types of waiting halls and
made from either biomass gasification or renewable provide good cafeteria/retail facilities as far as
electricity and captured carbon dioxide (CO2) possible.
• Green Methanol has a wide range of applications • Suitable low level partitions may be done in waiting
including serving as a base material for the halls.
Chemical industry, storing renewable electricity, and • Provision for minimum two stalls for One Station One
transportation fuel. Product shall be made.
• It is also considered as a substitute fuel for maritime • Space shall also be created for Executive Lounges
fuel applications. and places for small business meetings.
• Methanol can be blended with gasoline in low-
• At least one aesthetically designed hoarding(signage)
quantities and used in existing road vehicles, or it
on each side of the circulating area.
can be used in high-proportion blends such as M85
• Widening of roads, removal of unwanted structures,
in flex-fuel vehicles or M100 in dedicated methanol-
properly designed signages, dedicated pedestrian
fuelled vehicles as a substitute for gasoline or diesel.
pathways, well planned parking areas, improved
lighting etc.
29th DECEMBER, 2022
• Elements of landscaping, green patches and local
art and culture should be used to create a pleasant
Amrit Bharat Station Scheme
experience for the station users.
• Context: Ministry of Railways has formulated a new
• Second Entry Station Building and circulating area
policy for modernization of stations named “Amrit
shall be improved as per the needs of the station.
Bharat Station” scheme.
• High level platforms(760-840 mm) shall be provided
Key Highlights at all categories of stations. Length of the platforms
shall generally be 600m.
• Amrit Bharat Station scheme envisages development of
stations on a continuous basis with a long term vision. • Length, location and phasing of Platform shelters
• It is based on Master Planning for long term and shall be decided based on usage of the station.
implementation of the elements of Master Plan as per • Ballast-less tracks would be provided on platform
the needs and patronage of the station. lines and lines with train maintenance facilities.
Following broad scope of work is envisaged for stations • Drainage of platform areas is of utmost importance.
selected under the Amrit Bharat Station scheme: • Cables should be covered in aesthetically designed
• Roof Plaza to be created in future. duct and should have provision for future cables as
• Cost efficient improvement to facades, provision of well.
wide, well lit aesthetically pleasing entrance porches. • The Master Plan shall mark the space for Parcel
• Existing building usage shall be reviewed and space handling spurs, storage and handling facilities etc.
should be released in favour of passengers near the • Provide free WiFi access to its users.
station entrances and the Railway offices should be • The Master Plan should have suitable spaces
suitably relocated.
earmarked for 5G towers.
22nd December - 31st December Week-4 11
Social Security Exchange (SSE) the exception of affordable housing, will not be eligible
• Context: National Stock Exchange of India (NSE to be identified as social enterprises.
India) recently received an in-principle approval from
the Securities Exchange Board of India (SEBI) to set- 30th DECEMBER, 2022
up SSE as a separate segment.
India-Australia Trade Agreement
Key Highlights • Context: The India and Australia Economic
• The National Stock Exchange (NSE) has received in- Cooperation & Trade Agreement (ECTA) came into
principle approval from SEBI to set up Social Stock force.
Exchange (SSE) as a separate segment.
• SSE is a novel idea in India, and a stock exchange Key Highlights
of this kind is intended to benefit the private and non- • The agreement aims to provide duty-free access to a
profit sectors by directing more capital to them. number of goods across different sectors.
• During her Budget speech for the fiscal year 2019–20, • The Indo-Australia Trade Pact brings together two
Finance Minister Nirmala Sitharaman first proposed major economies of the world – India the 5th largest
the concept of SSE. and Australia the 14th largest economy.
• The Securities Contracts (Regulation) Act, 1956 was • India’s total bilateral trade with Australia is expected
then invoked by the government, which subsequently to cross $ 45 – 50 billion in 5 years, from existing $ 31
published a gazette notification announcing a new billion. India’s merchandise exports are expected to
security as "zero coupon zero principal". increase by $ 10 billion by 2026-27.
• Economic Cooperation & Trade Agreement or ECTA
About SSE is a free trade agreement between India and Australia,
• The SSE will be a distinct division of the current stock which was signed on April 2, 2022. It was then ratified
exchanges under which Not-for-profit organizations on November 21, 2022. Written notifications of the
(NPOs) and for-profit social enterprises with social agreement were exchanged on 29 Nov, 2022 and
intent and impact as their primary goal will be eligible after a month, it is now entering into force.
to raise funds. • Economic Cooperation and Trade Agreement
• The social enterprises will have to engage in a eliminates tariffs on over 85 per cent of Australian
social activity out of 16 broad activities listed by the exports to India and locks them in at zero duty
regulator. charge. T
The eligible activities include: • This includes key exports such as wool, lamb, barley,
• Eradicating hunger poverty, malnutrition and oats, fresh rock lobsters, cosmetics and many
inequality metallic ores, critical minerals, non-ferrous metals
•
Promoting healthcare, supporting education, and titanium dioxide.
employability and livelihoods
• Gender equality empowerment of women and Hospital Management Information
LGBTQIA communities System (HMIS)
• Supporting incubators of social enterprise. • Context: National Health Authority (NHA) has
Corporate foundations, political or religious organisations released a beta version of the lightweight, robust, and
or activities, professional or trade associations, Ayushman Bharat Digital Mission-compliant Hospital
infrastructure companies, and housing companies, with Management Information System (HMIS).
12 Week-4 22nd December - 31st December
a health card linked to their parent’s health card. • The Ballot Unit Overlay Display (BUOD) will show
• All newborns (up to 1 year) would be linked to their the requisite candidates based on the constituency
Key Highlights
• Guideline aims to promote the country's geospatial • The government will also look to improve availability
data industry and develop a national framework to and access of “better location data" for companies,
use such data for improving citizen services. including private organisations, by 2025.
• Besides developing geospatial infrastructures, skill • The government will look to establish an Integrated
and knowledge, standards, businesses, among Data and Information Framework, under which a
others, the policy aims to develop high resolution Geospatial Knowledge Infrastructure (GKI) will be
topographical survey and mapping, and a high-
developed by 2030.
accuracy digital elevation model for the entire country
• It seeks to develop geospatial infrastructures,
by 2030.
skill and knowledge, standards, businesses,
• The policy takes it further by laying down an
promote innovation, and strengthen the national
overarching framework for holistic development of
and sub-national arrangements for generation and
the geospatial ecosystem.
management of geospatial information.
• The policy will seek to develop a national geospatial
• By 2035, goals of usage of geospatial data will include
data framework, and enable “easy availability" of
data to businesses and general public. mapping of sub-surface infrastructure in major cities
and towns across India, and development of high
• By 2025, the government will seek to put in place
a legal framework that “supports liberalisation of resolution, accurate bathymetric geospatial data
the geospatial sector, and democratisation of data (resources and economy of inland waters, and sea
for enhanced commercialisation with value added surface topography of shallow and deep seas) to
services. support India’s ‘Blue Economy’.