In News:

The digital euro, a central bank digital currency (CBDC) being developed by the European Central Bank (ECB), aims to revolutionize Europe’s digital payment landscape. However, while the ECB has marketed it as a convenient, free, anonymous, and reliable alternative to existing cashless options like credit cards and mobile payment apps, the true purpose of the digital euro goes beyond these simplified claims.

Key Aspects of the Digital Euro

• Direct Issuance by the ECB: Unlike traditional digital payments that rely on intermediaries like banks or payment service providers, the digital euro is issued directly by the European Central Bank. This allows for peer-to-peer transactions without the need for third-party banks or payment gateways. It can be used for offline transactions, which is a major technical innovation that sets it apart from other digital currencies.
• A Digital Version of Cash: The digital euro is essentially a digital version of legal tender (cash), providing an alternative to cash in a world increasingly dominated by digital payments. Its key feature is direct payment between users, bypassing the traditional banking system. It aims to offer the same advantages as cash, such as anonymity, but with the convenience of digital transactions.
• Cost Reduction and Micro-Payments: The digital euro promises to lower transaction costs, especially for micro-payments that are currently prohibitively expensive using conventional bank transfers or digital services like PayPal. This cost efficiency is intended to enable new business models by lowering the friction in digital transactions, thus encouraging innovation in commerce.

The ECB’s Claims vs. the Real Motivation

While the ECB portrays the digital euro as a means to make payments easier, faster, and more secure, there is an underlying political and economic agenda that goes beyond improving consumer convenience.

• Sovereignty and Competition: One of the main drivers behind the digital euro is Europe’s desire to assert its digital sovereignty. The ECB positions the digital euro as a tool to strengthen the euro’s competitiveness against non-European payment providers, particularly those from the United States like PayPal, Apple Pay, and Google Pay. The EU is concerned that foreign companies may dominate the digital payment landscape, thereby reducing Europe's ability to control its own financial systems.
  • This is a defensive measure to protect European financial interests. By creating a state-backed alternative to privately controlled digital payment systems, the EU aims to ensure that Europe does not become reliant on foreign corporations for essential services.
• Not About Citizens’ Convenience Alone: While the ECB frames the digital euro as a user-friendly solution for consumers, the real concern is about the control over digital currency. The digital euro offers a more centralized alternative compared to the decentralized nature of cryptocurrencies like Bitcoin. The ECB aims to harness the power of the state in regulating and controlling digital transactions, thus consolidating private property and ensuring the smooth functioning of Europe’s monetary policies.
• A Tool for Strengthening the Euro: The digital euro is also seen as part of Europe’s broader ambition to establish the euro as a dominant global currency. As the first fully-regulated digital currency issued by a central bank, it could position the euro to compete against other digital currencies, including the digital yuan or the U.S. dollar. The EU sees the digital euro as a way to expand its geopolitical influence by promoting its own currency as a global standard for digital payments.

In News:

On November 15, 2024, Prime Minister Narendra Modi launched a commemorative stamp and coin to mark the 150th birth anniversary of Birsa Munda, a prominent tribal freedom fighter and leader from Jharkhand.

Key Points about Birsa Munda:

• Iconic Tribal Leader: Birsa Munda, born in 1875, is often referred to as ‘Bhagwan’ (God) and ‘DhartiAaba’ (Father of the Earth) by the tribal communities. He is celebrated for his leadership in the fight against the exploitation of tribal people by both the British and non-tribal settlers.
• Ulgulan Movement: Birsa Munda led the Ulgulan (Great Tumult) against the alienation of land, forced labour, and the illegal appropriation of tribal land in the Chotanagpur Plateau. His efforts were critical in mobilizing tribal communities and challenging the colonial order.
• Religious and Social Reformer: He founded the Birsait faith, focusing on spiritual practices that emphasized prayer, worship of God, and abstaining from alcohol, fostering unity and resilience among tribal communities.
• Death and Legacy: Birsa Munda died in 1900 in British custody at the young age of 25. Despite his early death, his legacy lives on as a symbol of tribal pride and resistance.
• Janjatiya Gaurav Diwas: Since 2021, the Government of India observes November 15 as Janjatiya Gaurav Diwas (Tribal Pride Day) in honor of Birsa Munda's birth anniversary, recognizing the contributions of tribal communities and their role in India's history.
• Highlights of the 2024 Commemoration:
  • Commemorative Stamp and Coin: To mark the 150th birth anniversary, the Prime Minister unveiled a commemorative stamp and coin in Bihar's Jamui district. This serves as a tribute to Munda's sacrifices for the country.
  • Year-Long Celebrations: The 2024 event marks the beginning of year-long celebrations to commemorate Birsa Munda’s legacy, with a focus on tribal welfare and recognition of their historical contributions.
  • Welfare Projects and Initiatives:
    • Prime Minister Modi inaugurated and laid the foundation for tribal welfare projects worth over ?6,640 crore.
    • The PM launched two tribal freedom fighter museums and tribal research institutes.
    • 1.16 lakh homes were sanctioned under the Dharti Aba Janjati Gram Utkarsh Yojana.
    • 25,000 homes for Particularly Vulnerable Tribal Groups (PVTGs) were approved under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) scheme.
  • The launch of 50 mobile medical units aims to improve healthcare access in tribal regions.
  • 10 Eklavya Model Residential Schools (EMRS) were inaugurated to promote education for tribal students.
• DhartiAabaJanjatiya Gram Utkarsh Abhiyan:
  • The DhartiAabaJanjatiya Gram Utkarsh Abhiyan aims to address gaps in social infrastructure, health, education, and livelihood in tribal-majority villages.
  • The initiative is being implemented across 63,000 villages with the involvement of 17 ministries and departments.
• PM-JANMAN Scheme for PVTGs:
  • Launched in November 2023, the PM-JANMAN initiative aims to uplift Particularly Vulnerable Tribal Groups (PVTGs) through various interventions like safe housing, clean drinking water, healthcare, education, and sustainable livelihoods. The scheme also supports Van Dhan Vikas Kendras for the trade of forest produce and solar-powered systems for households in tribal areas.

In News:

The Anusandhan National Research Foundation (ANRF) has launched the Partnerships for Accelerated Innovation and Research (PAIR) program to significantly boost research and innovation across Indian universities, especially those with limited research infrastructure. The program is designed to bring about a transformative change in India's academic research ecosystem, aligning with the broader goals of the National Education Policy (NEP) 2020.

Key Details:

• Launch Date: November 2024
• Ministry/Department: Department of Science and Technology (DST)
• Objective:
  • To elevate research capabilities in universities that have limited resources by pairing them with well-established, top-tier institutions.
  • To foster collaborations that can help these emerging universities enhance their research quality, drive innovation, and make significant, globally competitive research contributions.
• Operational Model: Hub-and-Spoke Framework
  • Hub Institutions: These are well-established, top-tier institutions that will serve as mentors to less-researched universities. The hubs will be selected from:
    • The top 25 institutions in the National Institutional Ranking Framework (NIRF).
    • Institutions of National Importance ranked in the top 50 NIRF.
  • Spoke Institutions: These are emerging universities or institutions with limited research infrastructure. These will include:
    • Central and State Public Universities ranked within the top 200 NIRF Overall.
    • Top 100 NIRF University/State Public Universities.
    • Select NITs and IIITs.
• Funding:
  • The program has a budget allocation of up to ?100 crore per PAIR network.
  • Distribution of Funds:
    • 30% for the Hub institution.
    • 70% for the Spoke institutions.
  • Private Institutions serving as hubs will need to contribute 25% of their allocated budget.
• Mentorship & Research Focus:
  • Hubs will provide mentorship to spoke institutions, guiding them in various aspects of research such as access to resources, advanced infrastructure, and best practices.
  • The collaboration is expected to enhance research capabilities, foster innovation, and encourage the development of collaborative networks across institutions.
• Regional Diversity & Inclusion:
  • The program ensures regional diversity, with at least one spoke institution located outside the hub's state.
  • It also allows the inclusion of one promising university from Category III institutions that may not meet the eligibility criteria but show potential for growth in research.
• Phase-wise Rollout:
  • The first phase will focus on institutions ranked within the top 25 NIRF and Institutions of National Importance.
  • Future phases will expand the scope, allowing more universities and institutions to participate.
• Goals Aligned with NEP 2020:
  • Fostering Research Excellence: By partnering top institutions with emerging ones, PAIR seeks to improve the quality of research in India’s higher education sector.
  • Promoting Regional Diversity: Ensuring a geographically diverse set of institutions participate in the research ecosystem.
  • Strengthening Innovation: Helping universities in less-researched areas to compete on an international level, particularly in cutting-edge and impactful research.
• Program Implementation:
• Prospective Program Directors from eligible Hub institutions are invited to apply online for the program at ANRF PAIR Application Portal.

About ANRF:

• ANRF was established under the ANRF Act 2023 as an apex body to provide strategic direction for scientific research in India.
• With the formation of ANRF, the Science and Engineering Research Board (SERB), previously established under an act of Parliament in 2008, has been subsumed into ANRF.

In News:

In a bid to enhance India’s clout in the global merchant shipping sector, the government recently hosted a two-day global maritime conference – Sagarmanthan: The Great Oceans Dialogue.

Key Highlights:

• Purpose of the Conference:

• To enhance India's maritime influence and position India as a key player in the global maritime sector, especially in merchant shipping and maritime trade.
• To showcase India's ambitions in expanding its role in global maritime trade, governance, and collaboration.

• India's Maritime Ambitions:

• Despite being the most populous nation and one of the largest global economies, India’s maritime clout has been relatively lower than expected.
• The dialogue aims to shift global attention towards India's growing role and contributions to maritime trade and shipping.

• India's Maritime Growth:

• India contributed to 16% of global maritime growth in 2023 and is on track to become the third-largest global economy within three years.
• As India’s economic and geopolitical influence expands, maritime governance will become increasingly significant, necessitating deeper international collaborations in commerce, connectivity, and trade.

• Focus Areas of the Dialogue:

• Global Maritime Trade: India's expanding role in international shipping, trade routes, and maritime security.
• International Collaborations: Promoting deeper engagement in maritime governance and policy-making ecosystems.
• Human Well-being: Highlighting the role of maritime trade in supporting human welfare, particularly in the context of sustainable development and climate change.

• Significance for India:

• The conference serves as a platform to discuss India’s aspirations, policies, and presence in global maritime affairs.
• It is an opportunity to strengthen maritime relations and address issues of global relevance such as trade routes, shipping governance, and environmental sustainability

In News:

• Recently, Prime Minister Narendra Modi inaugurated the 1st Bodoland Mohotsava two-day event focused on language, literature, and culture.
• Objective: Aims to promote peace, unity, and a vibrant Bodo society through cultural integration. The festival celebrates the rich Bodo culture and heritage.

Historical Context and Peace Initiatives:

• End of Violence: The event marks the end of 50 years of violence, following the Bodo Peace Accord (2020), which ended conflict in Bodoland and led to a path of peace and development.
• Peace Agreements: The Bodo Peace Accord served as a catalyst for other peace settlements, such as the KarbiAnglong Accord, Bru-Reang Accord, and NLFT-Tripura Accord.

Development in Bodoland Post-Peace Accord:

• Impact of the Peace Accord:
  • Over 10,000 youth in Assam have renounced violence and joined the mainstream of development.
  • Increased mutual trust between the people and the government.
• Economic Assistance:
  • Rs 1,500 crore special package by the central government.
  • Rs 700 crore spent on infrastructure development in education, health, and culture in Bodoland.
  • Rs 5 lakh assistance for families affected by the Bodo conflict.

Government Support for Socio-Economic Development:

• Skill Development & SEED Mission:Focus on skilling, entrepreneurship, employment, and development through the SEED Mission for youth empowerment.
• Rehabilitation of Former Cadres:
  • Over 4,000 former cadres of the National Democratic Front of Bodoland (NDFB) have been rehabilitated.
  • Many youths have been recruited into Assam Police.
• Tourism & Employment:Growing tourism in Bodoland, with parks like Manas National Park and Raimona National Park, creating employment opportunities for youth.

Cultural Promotion:

• Bodo Culture and GI Tags:Promoting Bodo crafts like Aronnaye, Dokhona, Gamsa, etc., that have received Geographical Indication (GI) tags to preserve cultural identity.
• Bodoland Handloom Mission & Sericulture:Government efforts to promote sericulture and the Bodoland Handloom Mission to sustain Bodo weaving traditions.
• Literary Celebrations:
  • Continuous Bodoland Literary Festival in Kokrajhar, enhancing the importance of Bodo literature and language.
  • Celebration of Bodo Sahitya Sabha’s 73rd foundation day.

Key Government Initiatives for Development:

• Infrastructure Development:
  • Rs 800 crore annually being spent by the Assam government for the development of Bodoland.
  • Focus on healthcare, education, and employment.
• Medical Education:Expansion of medical colleges in Assam from 6 to 12, with plans for 12 more new colleges.