About Net-Zero Banking Alliance (NZBA):
- Bank-led and UN-convened, it is a group of leading global banks committed to aligning their lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050.
- It is the climate accelerator for UNEP Financial Initiative’s Principles for Responsible Banking (PRB).
- Governance:
- It is governed by a Steering Group and Chair.
- The Steering Group is selected by member banks, and represents a diversity of geographies and business models.
- It is supported and convened by the UNEP FI Secretariat, and the United Nations also holds a seat on the Steering Group.
- It operates in compliance with the NZBA governance document adopted in October 2021 and updated in August 2023 and March 2024.
- All NZBA member banks have signed the Commitment Statement and pledged to follow the target setting and reporting processes outlined there and in the accompanying Guidelines for Climate Target Setting for Banks.
- It is governed by a Steering Group and Chair.
- The Commitment Statement is a pre-requisite for joining the Net-Zero Banking Alliance, and is signed by a bank’s CEO. All banks that have signed the commitment will:
- Transition the operational and attributable greenhouse gas (GHG) emissions from their lending and investment portfolios to align with pathways to net-zero by 2050 or sooner.
- Within 18 months of joining, set targets for 2030 or sooner and a 2050 target, with intermediary targets to be set every 5 years from 2030 onwards.
- Banks’ first 2030 targets will focus on priority sectors where the bank can have the most significant impact, ie. the most GHG-intensive sectors within their portfolios, with further sector targets to be set within 36 months.
- Annually publish absolute emissions and emissions intensity in line with best practice and within a year of setting targets.
- Take a robust approach to the role of offsets in transition plans.
- No Indian Bank is a member of this alliance.
2. Dozer Push Mining Method
About Dozer Push Mining Method:
- It is an unmanned, automated machinery to optimizes the mining process which ensures that vibration and flyrock are controlled within safe limits.
- It is an innovative approach developed by CSIR-CIMFR which aims to enhance safety and operational efficiency in mining processes.
- Advantages:
- It offers a viable alternative to the conventional truck-shovel mining technique or shovel-dumper and dragline methods.
- It offers distinct advantages such as improved efficiency by enabling faster coal recovery, reducing delays caused by adverse weather conditions such as the monsoon season and highly cost-effective, with an estimated 7-10% reduction in operational costs compared to conventional methods.
- Additionally, it enhances productivity by improving the utilization of dragline machines and reducing unit costs.
- Moreover, the unmanned operation of the Dozer Push Mining method greatly enhances worker safety, minimizing the risks associated with manual labor and traditional mining techniques.
3. Common Noctule Bat
About Common Noctule Bat:
- The Common noctule (Nyctalus noctula) is an insectivorous bat.
- Appearance: Its colors range from golden to dark brown above and usually pale brown below. Their wings are narrow and pointed, and they have a characteristic powerful, direct flight, with repeated steep dives when chasing flying insects.
- Noctules echolocate at low frequencies around 25kHz, just within the upper limit of human hearing, thus they can sometimes be heard, particularly by children.
- Habitat:
- They generally reside in forests but may forage in open areas and dwell in or near human habitation. Roosting sites include hollow trees, buildings, and caves.
- During winter they hibernate in caves, rock crevices, bat boxes, or blocks of flats in Eastern Europe, where they are the most common hibernating bat species in the cities.
- Distribution: They are found in common throughout Europe, most of temperate Asia to Japan and Burma, Oman, Viet Nam, Taiwan and Algeria.
- Conservation Status:
- IUCN: Least Concern
4. Production Linked Incentive Scheme 1.1
About Production Linked Incentive Scheme 1.1:
- It will be implemented during the production period of FY 2025-26 to FY 2029-30.
- It covers five (5) product categories in line with the existing PLI Scheme, namely Coated / Plated Steel Products, High Strength / Wear resistant Steel, Specialty Rails, Alloy Steel Products & Steel wires and Electrical Steel.
- These products have a wide range of application, from white goods to transformers to Automobiles and other niche sectors.
- Changes in scheme:
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- Reduction in threshold investment & capacity for the Cold-Rolled Grain-Oriented (CRGO) product sub-categories, allowing carry forward of excess production to the immediately following year for the purpose of claiming incentive and reduction in threshold investment under capacity augmentation mode.
- Not all companies would need to install new mills.
- Recognising the importance of producing quality steel, energy efficiency and other process improvements, companies investing in augmentation of existing capacities will be allowed to participate in the scheme.
- The Centre had earlier introduced the PLI scheme to encourage domestic production of specialty steel and lower imports by drawing in capital investments.
- It was initially launched for three sectors to address the need to boost domestic manufacturing during COVID-19 lockdown, the PLI scheme was later extended to include steel in November 2020.
About Cold-Rolled Grain-Oriented (CRGO) grade steel:
- It is a high-value steel used in production of power transformers used in HT power distribution. The technology to make CRGO is not available with any of the Indian steelmakers.
5. BHARATPOL Portal
About BHARATPOL Portal:
- It will streamline the processing of all requests for international assistance through INTERPOL, including the issuance of Red Notices and other colour-coded INTERPOL notices.
- It will become a transformative tool for field-level police officers, enhancing their efficiency in dealing with crimes and security challenges. By facilitating easier and faster access to international assistance, it will strengthen India's efforts in combating transnational crimes.
- It will significantly facilitate Indian Law Enforcement Agencies (LEAs) enabling real-time information sharing for faster access to international police assistance.
- It will be developed by Central Bureau of Investigation (CBI).
Central Bureau of Investigation:
- It is the premier investigative agency in India, with a dual responsibility to investigate grievous cases and provide leadership and direction in fighting corruption to the police force across the country.
- It was established on recommendation of the Santhanam Committee on Prevention of Corruption (1962–1964).
- It is not a statutory body, as it was set up by a resolution (1963) of the Ministry of Home Affairs.
- It acts as the National Central Bureau (NCB-New Delhi) for INTERPOL in India.
- It facilitates international cooperation in criminal matters in collaboration with various agencies across the country, including law enforcement agencies.
- At the Central, State, and Union Territory levels, this coordination is executed through INTERPOL Liaison Officers (ILOs), who are further linked to Unit Officers (UO’s) at the level of Superintendents of Police, Commissioners of Police and Branch Heads, within their respective organizations.
- Presently, communications among the CBI, ILOs, and UOs primarily relies on letters, emails and faxes.
6. Key Facts about Alakananda River
About Alakananda River:
- The Alaknanda River is one of the two main headstreams of the Ganges River, the other being the Bhagirathi River.
- It originates from the meltwaters of the Satopanth and Bhagirath Kharak glaciers in the Garhwal Himalayas of Uttarakhand.
- The river is joined by many tributaries in Uttarakhand.
- Five of the tributaries are considered major, and their points of confluence are also worshipped as Panch Prayag. They are listed below:
- Vishnuprayag: Alaknanda meets Dhauliganga River
- Nandprayag: Alaknanda meets Nandakini River
- Karnaprayag: Alaknanda meets Pindar River
- Rudraprayag: Alaknanda meets Mandakini River
- Devprayag: Alaknanda meets Bhagirathi. This is the most revered confluence, as it is here when the surging water coming from the mountains are finally called the Ganga.
- At the time of formation of Ganga, Alaknanda’s contribution to the flow is larger than that of Bhagirathi.
- From its source till its union with Bhagirathi, Alaknanda travels for 190 km (approx.).
- Along the banks of the Alaknanda are numerous important pilgrimage sites such as Badrinath, Hemkund Sahib, and Joshimath.
- The Alaknanda River valley is a significant part of the Char Dham Yatra, a pilgrimage circuit that encompasses four sacred sites—Badrinath, Kedarnath, Gangotri, and Yamunotri.
7. Armed Forces Tribunal (AFT)
About Armed Forces Tribunal (AFT):
- AFT is a military tribunal in India established under the Armed Forces Tribunal Act, 2007.
- It is functioning under the Ministry of Defence (MoD).
- It is responsible for resolving military-related disputes, including service matters and appeals from court-martial decisions.
- Functions:
- To provide for the adjudication or trial of disputes and complaints with respect to commission, appointments, enrolment, and conditions of service in respect of persons subject to the Army Act, 1950; the Navy Act, 1957; and the Air Force Act, 1950.
- To provide for appeals arising out of orders, findings, or sentences of courts-martial held under the said Acts and for matters connected therewith or incidental thereto.
- The tribunal can also dismiss the appeal if the court martial findings are found to be justified.
- Thus, the tribunal has original jurisdiction in service matters and appellate jurisdiction in court martial matters.
- Any appeal by a person against a decision given by the tribunal can only be taken up in the Supreme Court.
- Benches: Besides the principal bench in New Delhi, AFT has regional benches at Chandigarh, Lucknow, Kolkata, Guwahati, Chennai, Kochi, Mumbai, Jabalpur, Srinagar, and Jaipur.
- Composition:
- Each Bench comprises of a Judicial Member and an Administrative Member.
- The Judicial Members are retired High Court Judges, and Administrative Members are retired Members of the Armed Forces who have held the rank of Major General/equivalent or above for a period of three years or more.
- Judge Advocate General (JAG), who has held the appointment for at least one year, are also entitled to be appointed as the Administrative Member.
- Functioning:
- The Tribunal shall transact their proceedings as per the Armed Forces Tribunal (Procedure) rules, 2008.
- All proceedings in the Tribunal will be in English.
- The Tribunal will normally follow the procedure as is practiced in the High Courts of India.
8. Vembanad Lake
About Vembanad Lake:
- It is the longest lake in India and the largest lake of Kerala.
- It is spread across an area of 2,033 sq.km., across Alappuzha, Kottayam, and Ernakulam districts.
- It is also known as Vembanad Kayal, Vembanad Kol, Punnamada Lake (in Kuttanad), and Kochi Lake (in Kochi).
- Formed from four rivers – the Meenachil, Achankovil, Pampa, and Manimala, it also has an outlet to the Arabian Sea in the west.
- The lake surrounds the islands of Pathiramanal, Perumbalam, and Pallippuram and is a popular backwater stretch in Kerala.
- Vallam Kali (i.e Nehru Trophy Boat Race) is a Snake Boat Race held every year in the month of August in Vembanad Lake.
- The Kumarakom Bird Sanctuaryis located on the east coast of the lake.
- It was declared as a Ramsar site of international importance in 2002.
9. What are Tidal Tails?
About Tidal Tail:
- Tidal tails are thin, elongated regions of stars and interstellar gas extending into space.
- They are typically formed when galaxies undergo close encounters or mergers, causing their mutual gravitational forces to distort and stretch out material from their outer regions.
- During the interaction, gas and stars are often stripped from the outer regions of the galaxies to form two tidal tails: one trailing and one preceding each galaxy.
- These tails can persist long after the galaxies have finally merged and are therefore considered a signature of recent merger activity.
- Examples of galaxies with tidal tails include the Tadpole Galaxy and the Mice Galaxies.
- Tidal forces can eject a significant amount of a galaxy's gas into the tail.
- Within those galaxies which have tidal tails, approximately 10% of the galaxy's stellar formation takes place in the tail.
- Overall, roughly 1% of all stellar formation in the known universe occurs within tidal tails.
- Studying tidal tails helps astronomers understand how galaxies interact, merge, and evolve over cosmic time.
10. What is the World Gold Council (WGC)?
About World Gold Council (WGC):
- It is a non-profit association of the world's leading gold producers.
- As a market development organization for the gold industry, the WGC includes 33 members and many members are gold mining companies.
- It was formed in 1987 by some of the world’s most forward-thinking mining companies to promote the use of and demand for gold through marketing, research, and lobbying.
- Headquarters: London, UK
- It aims to maximize the industry's potential growth by monitoring and defending existing gold consumption.
- It achieves this by setting up gold standards, proposing policies, ensuring fairness and sustainability in the gold mining industry, and promoting the usage and demand for gold for individuals, industries, and institutions.
- The WGC is also the global authority on gold, and they offer comprehensive analyses of the industry.
- The most famous publications are quarterly reports on the gold market and gold demand trends analyzed by both sector and geographical location.
- It also co-sponsors research in the development of new uses of gold, or of new products containing gold.
- It covers the markets which comprise about three-quarters of the world's annual gold consumption.
- The WGC was the creator of the first gold exchange-traded fund.