DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 5th August – 2025
rchives (PRELIMS Focus) Pollution Control Boards Category: ENVIRONMENT Context: The Supreme Court has ruled that Pollution Control Boards (PCBs) have the authority to impose and collect restitutionary and compensatory damages to restore polluted air and waterbodies to their original state. This power is derived from Sections 33A and 31A of the Water and Air Acts, respectively. The Court directed that such powers must be exercised only after appropriate subordinate legislation (rules and regulations) is framed, ensuring the principles of natural justice are followed. The ruling came in response to a Delhi Pollution Control Committee appeal, where the Delhi High Court had earlier ruled that it lacked authority to impose such damages. Justice P.S. Narasimha emphasized the “polluter pays” principle, noting that restoration should closely resemble the damaged ecosystem. Justice Manoj Misra added that PCBs hold broad statutory powers and responsibilities under the Water and Air Acts, including the ability to regulate or shut down polluting industries and services. The judgment strengthens PCBs’ role in environmental protection and enforcement actions. Learning Corner: Pollution Control Boards (PCBs): Pollution Control Boards (PCBs) are statutory bodies established under the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act, 1981 to prevent, control, and abate pollution in India. There are two main types: Central Pollution Control Board (CPCB) – Functions at the national level under the Ministry of Environment, Forest, and Climate Change. State Pollution Control Boards (SPCBs) – Function at the state level. Key Functions: Monitor and regulate pollution levels in air and water. Grant or revoke consent to industries for discharge of pollutants. Enforce environmental laws and standards. Promote pollution abatement technologies. Advise governments on environmental matters. Source: THE HINDU IPO Category: ECONOMICS Context : Lenskart, a major eyewear unicorn, is preparing for a ₹2,150 crore IPO after becoming profitable in FY25 Key Trends: Worsening Eye Health: Refractive errors among children have surged (from 21% in FY20 to 39% in FY25 for under-19s). For all ages, it’s expected to hit 62% by FY30. Causes: Excessive screen time, reduced outdoor play, poor lighting, and incorrect posture are primary contributors. Optometrist Shortage: India has low access to prescription eyewear (only 35% of affected people wear glasses). The country has just 15–20 optometrists per million people, compared to 80–100 in the US and Japan. Eyewear Access Gaps: Over 70% of eyewear is sold via unorganised channels. Availability and awareness of optometrists are especially low in Tier 2 and 3 cities. Learning Corner: IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time and becomes a publicly listed company on a stock exchange. DRHP (Draft Red Herring Prospectus): A preliminary document submitted to SEBI (Securities and Exchange Board of India) containing details about the company’s business, financials, risks, and purpose of the IPO. It invites public feedback before the final prospectus. Red Herring Prospectus (RHP): The final version of the DRHP that includes the issue price and other final details. It is filed before the IPO opens for subscription. Fresh Issue: New shares issued by the company to raise capital. The money goes directly to the company and is often used for expansion, debt repayment, etc. Offer for Sale (OFS): Shares sold by existing shareholders (e.g. promoters, venture capitalists) as part of the IPO. The proceeds go to the selling shareholders, not the company. Book Building: A price discovery mechanism where investors bid within a price band, and the final issue price is decided based on demand. Price Band: The range within which investors can place their bids. The upper and lower limits are set by the issuer. Lot Size: The minimum number of shares that can be applied for in an IPO. Investors must bid in multiples of the lot size. Underwriters: Financial institutions that manage the IPO process, ensure regulatory compliance, and often guarantee the sale of a certain number of shares. Listing: The process of getting the company’s shares admitted to trade on a stock exchange (like NSE or BSE in India) after the IPO is complete. Source: THE INDIAN EXPRESS Article 370 Category: POLITY Context: August 5, 2025, marks six years since the abrogation of Article 370. Key Themes: Politics: Limited Representation Democratic process restored, but with curtailed powers. The elected government lacks full control over police and services, which lie with the Lieutenant Governor. Political parties like NC and PDP have returned to electoral politics but differ in strategy and tone. Security: Mixed Outcomes One key goal of the abrogation was to reduce terrorism. Civilian deaths have decreased significantly: 24 in 2024 vs. 129 in 2015. However, the Pahalgam terror attack in April 2025 dealt a blow to security gains and tourism confidence. Ongoing infiltration and militant activity remain concerns. Investment and Development Industrial development is progressing: 359 industrial units operational; 1,424 in the pipeline. Government investment rose sharply with ₹2.15 lakh crore in 2024–25 alone. Revenue indicators improving: GST collections up by 39%, and per capita income has risen. Tourism: Growth and Setback 2023 saw record tourism (2.21 crore tourists), contributing 7% to GSDP. But post-Pahalgam attack, the perception of normalcy has been shaken again. Ongoing events like G20 and Miss World pageant hosted to project normalcy. Learning Corner: Article 370: Article 370 of the Indian Constitution granted special autonomous status to the erstwhile state of Jammu and Kashmir (J&K). It was a temporary provision inserted in Part XXI of the Constitution under “Temporary, Transitional and Special Provisions.” Key Features: Autonomy: J&K had its own Constitution, flag, and decision-making powers in all matters except defence, foreign affairs, finance, and communications. Limited applicability of Indian laws: Laws passed by Parliament applied to J&K only if the state assembly agreed. Permanent Residents: Only permanent residents of J&K could own property and get government jobs under Article 35A (inserted via Article 370). Abrogation (August 5, 2019): The Government of India abrogated Article 370 using Presidential Order C.O. 272 and passed the Jammu and Kashmir Reorganisation
DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 5th August – 2025 Read More »




