DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 29th March 2024
Archives (PRELIMS & MAINS Focus) Lalita Kala Academy Syllabus Prelims – Polity Context: In an unprecedented move, the Ministry of Culture has curtailed the powers of the Lalit Kala Akademi (LKA) Chairman, V Nagdas, barring him from taking any “administrative actions”, including on matters related to “appointment, recruitment, transfer, disciplinary action and financial decisions”, without consulting the ministry. Background:- The Lalit Kala Akademi or National Academy of Art (LKA) is India’s national academy of fine arts. About Lalita Kala Academy Lalit Kala Akademi (National Academy of Art), New Delhi was inaugurated on 5th August 1954 by the then Minister for Education, Maulana Abul Kalam Azad. It was registered under the Societies Registration Act 1860, on 11th March 1957. Lalit Kala Akademi, the youngest of the three Akademies founded by Govt. of India, establishes to direct its focus on activities in the field of Visual Arts. Following are some of the powers and functions of LKA :- To encourage and promote study and research in the fields of creative arts such as painting, sculpture and graphics etc.; To encourage and coordinate the activities of the regional art organisations and State Lalit Kala Akademis; To promote cooperation among artists and art associations and development of such associations; To encourage, where necessary, the establishment of Regional Art Centres; To encourage the exchange of ideas between various schools of art by organising conferences, seminars, exhibitions, etc., on all India basis involving scholars and educationists and State Academies, Zonal Cultural Centres and Art Organisations like faculties of art in universities, art colleges and schools, art museums, art galleries and art associations; To foster cultural contacts within the country and also with other countries, through art exhibitions, exchange of personnel and art objects, etc. To award scholarships and prizes to deserving artists and to accord recognition to artists for outstanding achievements; To promote study, research and survey of folk, tribal and traditional arts and crafts techniques, preserve and project their art forms and to organize regional surveys of and to encourage surviving indigenous craftsmen, painters and sculptors; Source: Indian Express India TB Report – 2024 Syllabus Prelims & Mains – Health Context: India TB Report 2024 was released by the Union Health ministry on Wednesday. Background: India’s contribution to the global burden is 27%, which is down one percentage point from the previous year’s 28%. Key Takeaways from the Report: The gap between the estimated number and actual cases of tuberculosis (TB) is closing, according to the India TB Report 2024.This is an important marker as the “missing cases” are assumed to not have received treatment, continuing to spread the infection to others. There were only 2.3 lakh missing cases in 2023, as compared to 3.2 lakh the year before, the report states. This gap has been reducing over the years, especially with the government’s Ni-kshay portal tracking all TB patients. According to the report, the majority of the TB cases are still reported by the government health centres, even as there has been an uptick in notifications by the private sector. Nearly 33% or 8.4 lakh of the 25.5 lakh cases reported in 2023 came from the private sector. To compare, only 1.9 lakh cases were reported by the private sector in 2015, the year considered to be the baseline by the programme that is geared towards the elimination of the disease. The report shows that India reached its 2023 target of initiating treatment in 95% of patients diagnosed with the infection. It says 58% of those diagnosed were offered a test to check whether their infection was resistant to the first line drugs, an increase from 25% in 2015. The report recommends drug susceptibility treatment to ensure that people who may have drug resistant TB are able to access e therapies from the get go instead of being treated with the first-line therapy initially. Source: Indian Express ALTERNATIVE INVESTMENT FUNDS (AIF) Syllabus Prelims – Economy Context: The Reserve Bank of India (RBI) has recently made changes to the norms governing investments in Alternative Investment Funds (AIFs) by regulated entities (REs). Background: These revisions were implemented to ensure uniformity in implementation among REs and address concerns raised by various stakeholders. About Alternative Investment Funds (AIFs) Alternative Investment Funds (AIFs) are privately pooled investment funds that invest in accordance with a defined investment policy. They aim to provide investors with exposure to alternative asset classes beyond traditional equities and fixed income. These funds collect capital from sophisticated investors (both Indian and foreign) and invest it according to a defined investment policy. Categories of AIFs: Category I AIFs: These funds can invest in start-ups, early-stage ventures, social ventures, SMEs, and sectors considered socially or economically desirable by the government or regulators. Category II AIFs: These funds include private equity funds, real estate funds, debt funds, and funds for distressed assets. They do not undertake excessive leverage. Category III AIFs: These funds employ complex trading strategies, including leverage through derivatives. Hedge funds fall under this category. Tenure and Liquidity: Category I and II AIFs are typically close-ended with a minimum tenure of three years. Category III AIFs can be either open-ended or close-ended. Regulation: AIFs adhere to the SEBI (Alternative Investment Funds) Regulations, 2012. They can be structured as companies, LLPs, trusts, etc. Investor Base: AIFs attract high rollers, including domestic and foreign investors. Institutions and high net worth individuals often invest in AIFs due to the substantial investment amounts required. Risk and Returns: AIFs offer potentially higher returns but come with higher risks due to their focus on alternative assets. Investors should assess their risk tolerance before investing. Source: Hindu QUANTUM CRYPTOGRAPHY Syllabus Prelims – Science Context: Scientists are proposing a new technology known as quantum cryptography to protect sensitive communications. Background: Quantum cryptography harnesses the fundamental uncertainty of quantum physics to create unbreakable encryption keys. Quantum Cryptography offers a promising avenue for safeguarding sensitive information, making it a crucial field in the realm of cybersecurity. About QUANTUM CRYPTOGRAPHY: Quantum cryptography, also known as Quantum Key Distribution (QKD), is a method for creating
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