DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam –4th June 2024
Archives (PRELIMS & MAINS Focus) JAMES WEBB SPACE TELESCOPE SPOTS EARLIEST-KNOWN GALAXY Syllabus Prelims – SCIENCE AND TECHNOLOGY Context: NASA’s James Webb Space Telescope (JWST) has spotted the earliest-known galaxy, one that is surprisingly bright and big considering it formed during the universe’s infancy.The discovery was made by an international team of astronomers, who used JWST to observe galaxies as part of the JWST Advanced Deep Extragalactic Survey (JADES) program. Background:- JWST, which by peering across vast cosmic distances is looking way back in time, observed the galaxy as it existed about 290 million years after the Big Bang event that initiated the universe roughly 13.8 billion years ago What do we know about the galaxy? This galaxy, called JADES-GS-z14-0, measures about 1,700-light years across. A light year is the distance light travels in a year, which is 9.5 trillion km. The galaxy has a mass equivalent to 500 million stars the size of our Sun and is rapidly forming new stars — about 20 every year. Until now, the earliest-known galaxy dated to about 320 million years after the Big Bang. The JADES team in the same study disclosed the discovery of the second oldest-known galaxy, from about 303 million years post-Big Bang. That one, JADES-GS-z14-1, is smaller — with a mass equal to about 100 million sun-sized stars, measuring roughly 1,000 light years across and forming about two new stars per year. James Webb Space Telescope (JWST) The James Webb Space Telescope (JWST), also known as Webb, is a large infrared telescope with a 6.5-meter primary mirror. The mirrors are made of ultra-lightweight beryllium. Webb’s biggest feature is a tennis court sized five-layer sunshield that attenuates heat from the Sun more than a million times. Webb is designed to conduct infrared astronomy. Its high-resolution and high-sensitivity instruments allow it to view objects too old, distant, or faint. Webb’s revolutionary technology will study every phase of cosmic history—from within our solar system to the most distant observable galaxies in the early universe. Over the last two years, scientists have used JWST to explore what astronomers refer to as Cosmic Dawn – the period in the first few hundred million years after the big bang where the first galaxies were born. Webb is an international collaboration between NASA, the European Space Agency (ESA), and the Canadian Space Agency (CSA). The Webb was launched on 25 December 2021 on an Ariane 5 rocket from Kourou, French Guiana. In January 2022 it arrived at its destination, a solar orbit near the Sun–Earth L2 Lagrange point, about 1.5 million kilometers (930,000 mi) from Earth. Source: Indian Express STATE FINANCES IN FY24 Syllabus Mains – GS 3 Context: Economists at the public sector Bank of Baroda have published a report about the finances of Indian states for the financial year ended March (FY2024). The report analyses state-level finances based on three variables: how much money they raised on their own, how much they spent to boost productive capacities of the state, and how much they borrowed from the market. Background: The rise in India’s import of discounted Russian oil over the past few months has hit flows from Saudi Arabia the most, the data shows. Key takeaways Fiscal Deficit The report found that most states were able to limit their fiscal deficit (the amount of money they had to borrow to bridge the gap between expenses and income) within the budgeted levels . This is a significant achievement, since over-borrowing by states adds to the Centre’s over-borrowings, and ultimately leaves less money for private sector firms to borrow. Capital spends This is the kind of spending that goes into making productive assets such as roads and bridges, which boost economic activity in the state. Typically, when governments try to meet fiscal deficit targets, they tend to cut on capex, which in turn, tends to undermine the ability of the state economy to grow faster. Taken together, states managed to spend only 84% of their capex budget. There were four outliers (in green) — Uttar Pradesh,Telangana, Bihar and Sikkim — that either spent the full amount or went beyond the target. Three states— Punjab, Chhattisgarh, and Nagaland — spent less than 50% of their capex budget. Tax revenues A state’s total tax revenues can be broadly divided into two heads: own tax revenues (OTR), and share in Union taxes. The researchers found that overall, OTR accounted for around 61% of tax revenues of states. Within the OTR, GST (Goods and Services Tax) collections made up the biggest chunk (almost 32%), followed by state excise and sales tax (22%) and stamp and registration (7%). A higher share of OTR helps a state to be more fiscally resilient. Telangana had the highest share of OTR in total tax revenue (82%), closely followed by Haryana (79%),Karnataka (78%), Kerala (77%), Maharashtra (73%), and Tamil Nadu (71%). Consumption divide GST is a consumption-based tax— that is, it is paid at the point where a good or service is consumed. So, if a car is made in Tamil Nadu but bought in UP, then GST is levied and collected in UP. As such, per capita GST collection can be used as a proxy for state-wise consumption patterns. Consumption levels, in turn, are a proxy for income levels.Higher consuming states end up paying higher taxes like GST and sales tax/ excise duty. NORTH-SOUTH DIVIDE:States in North India fall well below the national average, while states in the South pull up the national average. Per-capita GST levels in Karnataka or Telangana are almost 3-4 times that of Madhya Pradesh and Jharkhand, which shows the relative lack of prosperity of the average citizen in the latter states. EAST-WEST DIVIDE:There is a divide between some of the big states in the East and West. Consumption levels in Maharashtra and Gujarat are far in excess of those in Odisha, West Bengal and Assam. There are some exceptions — such as Haryana in the North — but a broad divide is clearly visible. Source: Indian Express CHANG’E-6 CRAFT Syllabus Prelims – SCIENCE AND TECHNOLOGY Context: China landed an uncrewed spacecraft on the far
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