DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 2nd May 2025
Archives (PRELIMS & MAINS Focus) THE CASTE CENSUS Category: POLITY Context: Under the Swachh Bharat Mission-Urban, Ghaziabad has taken a landmark step by successfully issuing India’s first Certified Green Municipal Bond, raising ₹150 crore for the development of a cutting-edge Tertiary Sewage Treatment Plant (TSTP). Decoding the context: The Green Municipal Bond marked a new chapter in India’s financial landscape, providing a sustainable model for funding urban infrastructure. Learning Corner: Green Municipal Bonds (GMBs) are debt instruments issued by urban local bodies (ULBs) to fund environmentally sustainable and climate-resilient infrastructure projects (e.g., water treatment, renewable energy, waste management). Regulatory Framework: Regulated under SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015. Issuers must: Have no negative net worth in the past 3 financial years Have no default in loan repayments in the past year Obtain project-specific third-party green certification (e.g., from Climate Bonds Initiative, CARE Ratings) India’s First Certified Green Municipal Bond Issuer: Ghaziabad Nagar Nigam (GNN), under Swachh Bharat Mission-Urban (SBM-U). Certified By: Climate Bonds Initiative (CBI) Details: Issued in 2021, raised ₹150 crore at 8.1% coupon rate; listed on BSE bond platform. Purpose: Funded a Tertiary Sewage Treatment Plant (TSTP) with 40 MLD capacity, serving 1,400+ industrial units via a 95 km pipeline network. Financial Model: Public-Private Hybrid Annuity Model (PPP-HAM), with 40% municipal funding. Impact: Supplies 9.5 MLD treated water to 800+ firms. Significance: First certified GMB in India; demonstrates financial discipline, supports SBM-U’s goal of garbage-free cities by 2026. Source : PIB GREEN HYDROGEN Category: ENVIRONMENT Context: The government launched a green hydrogen certification scheme for producers. Decoding the context: Renewable energy minister Pralhad Joshi said the scheme is a step towards creating a framework for certifying green hydrogen production and ensuring transparency, traceability and market credibility. Learning Corner: Green hydrogen is a carbon-free fuel produced via electrolysis, splitting water into hydrogen and oxygen using electricity from renewable sources (e.g., solar, wind). Significance: Decarbonization: Reduces CO₂ emissions in industries like steel, transport, and fertilizers; India aims for 5 MMT annual production by 2030 (National Green Hydrogen Mission, NGHM). Energy Security: Cuts fossil fuel imports (₹1 lakh crore savings projected by 2030). Economic Growth: NGHM targets ₹8 lakh crore investments, 6 lakh jobs by 2030. Green Hydrogen Certification Scheme (GHCS) Objective: Establishes a framework to certify green hydrogen production, ensuring transparency, traceability, and market credibility. Scope of Certification Covers: Production stages up to compression and purification of hydrogen. Excludes: Transportation, storage beyond plant boundaries, and conversion into derivatives like green ammonia Key Features: Applies to: Green hydrogen producers availing government incentives under the National Green Hydrogen Mission (NGHM). Excludes: Exporters not utilizing government incentives. Hydrogen is “green” if emissions are ≤2 kg CO₂e/kg (12-month average). Nodal Agency: Bureau of Energy Efficiency accredits certifying agencies. Type of Hydrogen Production Method Environmental Impact Green Hydrogen Electrolysis of water using renewable energy (solar, wind) Zero-emission Grey Hydrogen Produced from natural gas or methane via steam methane reforming (SMR) High CO₂ emissions Blue Hydrogen Same as grey, but with carbon capture and storage (CCS) technology Lower emissions, but not zero Brown/Black Hydrogen From coal or lignite gasification Most polluting Pink Hydrogen Electrolysis powered by nuclear energy Low carbon (depends on nuclear source) Turquoise Hydrogen Produced via methane pyrolysis (splits CH₄ into H₂ and solid carbon) Still under development; cleaner but technology is nascent Yellow Hydrogen Electrolysis using grid electricity (mixed source, not fully renewable) Emissions depend on the grid mix White Hydrogen Naturally occurring geological hydrogen (rare and not commercially viable yet) Potential future source Source : Economic Times ZOJILA PASS Category: GEOGRAPHY Context: With the early opening of the Zojila Pass, the Siachen base camp is now open to tourists. Decoding the context: visitors will no longer need prior authorisation or a no-objection certificate (NOC) to access the base camp. Learning Corner:. Zojila Pass (also Zoji La) is a high-altitude mountain pass in the Himalayas, located in Kargil district, Ladakh, at 3,528 meters (11,575 ft) above sea level. Connects Kashmir Valley (Srinagar) with Drass and Indus valleys (Leh) via National Highway 1; second-highest pass after Fotu La on this route. Lies on the western section of the Greater Himalayas. Strategic lifeline for Ladakh, supporting military logistics and civilian connectivity.Vital for troop deployment to Siachen and eastern Ladakh. Challenges: Heavy snowfall closes the pass for 4-6 months annually (typically November-April); avalanches, landslides, and extreme weather (-30°C) pose risks. The Zojila Tunnel Project is under construction to provide all-weather connectivity: Will be Asia’s longest bi-directional tunnel (14.2 km). Aims to reduce travel time between Sonamarg and Drass from 3.5 hours to just 15 minutes. Source : Economic Times ORANGE ECONOMY Category: ECONOMY Context: Prime Minister Modi inaugurated the World Audio Visual and Entertainment Summit (WAVES) 2025 at the Jio World Convention Centre in Mumbai, calling it a transformative platform that unites creators, storytellers, innovators, and policymakers from around the world. Decoding the context: The current era marks the sunrise era of the ‘Orange economy’ in India, the Prime Minister said adding that the three pillars of the Orange economy are content, creativity and culture. Learning Corner: The Orange Economy, also known as the Creative Economy, refers to the sector of the economy that involves creative industries that generate economic value through creativity, cultural knowledge, and intellectual property. Key Components: Arts (performing and visual) Music and film industry Publishing and media Design, fashion Architecture Cultural heritage and tourism Software, video games, and digital content Significance: Job Creation: Offers large-scale employment, especially for youth. Innovation: Encourages entrepreneurship and innovation. Cultural Preservation: Promotes national identity and cultural diversity. Sustainability: Less resource-intensive compared to traditional industries. Gender Inclusion: High participation of women in many creative sectors. India’s Context (2025) Economic Contribution: Contributes $30 billion to India’s GDP, employing 8% of the workforce; creative exports at $11 billion annually. Global Reach: Indian films screened in 100+ countries; OTT industry grew 10x in recent years (PM Modi, WAVES 2025). WAVES 2025 Summit: Held in Mumbai (May 1-4, 2025), hosted 10,000 delegates from 90+ countries. PM
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