DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 25th January 2024
Archives (PRELIMS & MAINS Focus) Gujarat International Finance Tec-City – International Financial Services Centre (GIFT IFSC) Syllabus Prelims –ECONOMY Context: Recently, the Government allowed the direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC. Background:- In pursuance of the announcement on July 28, 2023, by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to enable direct listing of Indian Companies at GIFT- IFSC exchanges in the first phase, the Department of Economic Affairs (DEA), Ministry of Finance, has amended Foreign Exchange Management (Non-debt Instruments) Rules, 2019, and notified the ‘Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme’. About GIFT IFSC:- GIFT-IFSC is the maiden international financial services centre of India that connects India with global opportunities. It aims to attract the top talent in the country by providing the finest quality of life. It enables the Indian economy to connect with the global financial system and allows a seamless and easy flow of global capital into India. It aspires to cater to the dynamic development needs of GIFT IFSC, the unified statutory regulatory authority, the International Financial Services Centres Authority (IFSCA) has taken significant steps in accelerating global sustainable capital flows by providing an agile and world-class regulatory and business environment in GIFT IFSC. GIFT IFSC aspires to become India’s gateway for inbound and outbound requirements of international financial services. Benefits:- Central Government’s proactive support to develop the country as a hub of international financial services, the GIFT City has emerged as the preferred location for national and multinational firms. Tax exemptions also make it lucrative for investment. Job creation will occur in huge numbers. MUST READ: Special Economic Zones SOURCE: PIB PREVIOUS YEAR QUESTIONS Q.1) ‘Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which of the following: (2022) Asian Development Bank International Monetary Fund United Nations Environment Programme Finance Initiative World Bank Q.2) Which of the following activities constitute a real sector in the economy? (2022) Farmers harvesting their crops Textile mills converting raw cotton into fabrics A commercial bank lending money to a trading company A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below: 1 and 2 only 2, 3 and 4 only 1, 3 and 4 only 1, 2, 3 and 4 Swachh Survekshan 2023 Syllabus Prelims –GOVERNANCE Context: Recently, the Swachh Survekshan Awards 2023 were released. Background:- 24 National, 20 Zonal and 54 State level awards announced. About Swachh Survekshan 2023:- Hosted by: Ministry of Housing and Urban Affairs (MoHUA). 13 awardees received felicitations under the categories of Clean Cities, Cleanest Cantonment, SafaiMitra Suraksha, Ganga Towns and Best Performing State were given away. This year the cleanest city award showcased joint winners. Port City Surat bagged the top honours, alongside Indore, who had conquered the top spot alone for 6 consecutive years. In the category of cities with a population of less than 1 lakh, Sasvad, Patan and Lonavala secured the top three spots. Mhow Cantonment Board in Madhya Pradesh was adjudged the Cleanest Cantonment Board. Varanasi and Prayagraj won the top two awards among the Cleanest Ganga Towns. Maharashtra, Madhya Pradesh and Chhattisgarh won the top three awards for Best Performing State. Chandigarh walked away with the award for the Best Safaimitra Surakshit Sheher. 110 awards were bestowed during the ceremony. About Swachh Survekshan:- Swachh Survekshan, conducted by MoHUA since 2016. It is the world’s largest urban sanitation and cleanliness survey. It has been instrumental in fostering a spirit of healthy competition among towns and cities to improve their service delivery to citizens and towards creating cleaner cities. The primary goal of Swachh Survekshan is to encourage large scale citizen participation and create awareness amongst all sections of society about the importance of working together towards making towns and cities better places to reside in. It is conducted under the ambit of the Swachh Bharat Mission (Urban). MUST READ: Swachh Bharat 2.0 SOURCE: PIB PREVIOUS YEAR QUESTIONS Q.1) Which one of the following has been constituted under the Environment (Protection) Act, 1986? (2022) Central Water Commission Central Ground Water Board Central Ground Water Authority National Water Development Agency Q.2) With reference to organic farming in India, consider the following statements (2018) The National Programme for Organic Production (NPOP) is operated under the guidelines and ‘directions of the Union Ministry of Rural Development. ‘The Agricultural and Processed Food Product Export Development Authority ‘(APEDA) functions as the Secretariat for the implementation of NPOP. Sikkim has become India’s first fully organic State. Which of the statements given above is/are correct? 1 and 2 only 2 and 3 only 3 only 1, 2 and 3 National Voters Day Syllabus Prelims –IMPORTANT EVENTS Context: Recently, Prime Minister extended greetings on the occasion of National Voters Day. Background:- The Prime Minister posted on X; “Greetings on National Voters Day, an occasion which celebrates our vibrant democracy and also a day to encourage people to register as voters, if they haven’t already. At 11 AM, I will address the Nav Matdata Sammelan, which will bring together first time voters from across India.” About National Voters Day:- Every year on January 25, India celebrates National Voters Day. Objective: to encourage every voter in the country to participate in the political process. National Voters Day was observed for the first time in the country in 2011. The main reason behind this was to inspire more young people to participate in the electoral process. The theme for National Voters Day 2023 is “Making Elections Inclusive, Accessible, and Participatory.” Significance:- The main significance behind the voting system is that it allows people to decide who will govern at the local, regional and national levels. This also means that people have the power to select which political party, ideology or policies will shape the nation’s future. MUST READ: National Voters’ Day – The Power of Vote SOURCE: PIB PREVIOUS YEAR QUESTIONS Q.1) Consider the following statements with respect to the National
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