DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 19th April 2024
Archives (PRELIMS & MAINS Focus) 100 % FDI in Space Sector Syllabus Prelims & Mains – Current Event Context: The Finance Ministry has notified amended rules under the Foreign Exchange Management Act to operationalise its earlier decision to allow up to 100 per cent foreign direct investment (FDI) for the space sector. The new rules came into effect from April 16. Background:- The notification dated April 16 comes ahead of Tesla chief Elon Musk’s visit to India early next week where he is expected to meet space startups, make a push for his space venture Starlink’s plans and announce his electric vehicle (EV) investment plans. About FDI Foreign Direct Investment (FDI) is defined as an investment in which a company takes controlling ownership of a business entity in another country. Therefore, foreign companies get directly involved with day-to-day operations in other countries. India gets FDI through two routes: (a) Automatic route: Under this route, the non-resident or Indian company does not require a prior nod from the Reserve Bank of India (RBI) or the government of India for FDI. (b) Government route: Under this route, the government’s approval is mandatory. The company will have to apply through Foreign Investment Facilitation Portal, which facilitates single-window clearance. Key takeaways: In February, the Union Cabinet had approved the amendment to the FDI policy for the space sector, allowing up to 100 per cent investment in certain categories. As per the latest Finance Ministry notification, 100 per cent FDI has been allowed for the space sector category of manufacturing and operation of satellites, satellite data products, and ground segment and user segment, out of which up to 74 per cent would be through the automatic route and government nod would be required for investment beyond 74 per cent. Under the earlier policy, any foreign investment in manufacturing and operating satellites is allowed only with government approval. Manufacturing of components and systems or sub-systems for satellites, ground segment and user segment will be fully under the 100 per cent automatic route. Automatic FDI has also been permitted up to 49 per cent for launch vehicles and associated systems or subsystems, and creation of spaceports for launching and receiving spacecraft. Government approval would be required for investments beyond 49 per cent. Ministry has also provided detailed definition of ‘Satellites – manufacturing and operation’, ‘Satellite data products’, “launch vehicles and associated systems or sub-systems”, “spaceport” etc. Source: Indian Express Election Days Syllabus Prelims & Mains – Polity & Governance Context: Votes in the first phase of the Lok Sabha election will be cast on April 19. The most critical time in the election process includes the last day of the campaign period (72 hours before the poll), the non-campaign period (the last 48 hours), and the poll day. Candidates are afforded the opportunity to make a final impression on the electorate, while the period of “election silence” allows voters to take a reflective pause. Background: Several behind-the-scenes logistical and operational activities ensure that the elections are conducted smoothly. The scale of the exercise is immense — around 97 crore voters, 10.5 lakh polling stations, 1.5 crore polling officials and security staff, 55 lakh EVMs, and 4 lakh vehicles across the country — and timely and meticulous planning, rigorous implementation, and close supervision are essential to ensure free, fair, participative, and peaceful elections. The last 72 hours The monitoring of campaign expenditure includes the last check of candidates’ expenditure registers and strengthening the inspection teams. There are Flying Squads (FSs), Static Surveillance Teams (SSTs), Excise Teams, and a 24X7 District Control Room. The FSs operate in three shifts round the clock in each Assembly constituency, swiftly responding to complaints. They can seize cash or items intended as bribes, document evidence, and initiate legal proceedings. SSTs are stationed at critical locations, and focus on intercepting illicit goods such as liquor and large amounts of cash to deter malpractices and prevent undue influence. The District Election Officers (DEOs) collaborate with senior police officials to develop strategies to manage any potential disturbances during the critical 72 hours leading up to the close of the voting.This includes the sealing of borders to keep out anti-social and disruptive elements. The final assessment is made of the Assured Minimum Facilities (AMFs) at the polling stations, which include the provision of drinking water, shade, wheelchairs, clean toilets, etc for the comfort and convenience of voters. The last 48 hours Under Section 126 of the Representation of the People Act, 1951, the election campaign halts during the “silent period” that lasts for 48 hours ending with the conclusion of the poll. The District Magistrate issues orders underSection 144 of the CrPC, 1973, prohibiting unlawful assemblies, public meetings, and the use of loudspeakers, and limiting gatherings to no more than five persons. Door-to-door campaigning is still permitted. This period also sees “area domination” activities by the Central Armed Police Forces, a restriction on opinion polls, and political advertisements through electronic and social media, and the enforcement of a ban on the sale of liquor. To ensure transparency at critical polling stations, measures including the deployment of micro-observers, video and still cameras, webcasting, and CCTV surveillance are implemented. On the day before polling, randomly-formed polling parties are dispatched to the polling stations with electronic voting machines (EVMs) and other election materials. They move with security personnel in designated vehicles. Reserve EVMs are allocated to the Sector Officers. The Polling Day The general restrictions on the poll day include using only one vehicle for the candidates, their agents, and party workers. However, using these vehicles to ferry voters to polling stations is considered a corrupt practice under Section 133 of the Representation of People Act (1951), attracting penal action under Section 123(5) of the Act. The use of mobile phones (except by officers on duty), canvassing, using campaign-related posters or banners, and loudspeakers or megaphones within 100 metres of a polling station are banned. Under Section 135(B) of the RP Act, employees are given a paid holiday on the poll date. Only persons entitled under
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