In News:

During a recent event, the President of the French Space Agency, Centre National d’Etudes Spatiales (CNES), addressed various topics, celebrating 60 years of collaboration between France and India in space exploration, alongside discussions on the Gaganyaan and TRISHNA missions.

Overview of the TRISHNA Mission

The Thermal Infrared Imaging Satellite for High-resolution Natural Resource Assessment (TRISHNA) is a joint initiative by the Indian Space Research Organisation (ISRO) and CNES.

Mission Objectives

TRISHNA aims to provide high-resolution, timely observations of Earth's surface temperature, monitor vegetation health, and analyze water cycle dynamics. It will facilitate:

• Assessment of urban heat islands
• Detection of thermal anomalies related to volcanic activity and geothermal resources
• Monitoring of snowmelt runoff and glacier behavior
• Collection of data on aerosol optical depth, atmospheric water vapor, and cloud cover

Satellite Payloads

TRISHNA is equipped with two main payloads:

1. Thermal Infra-Red (TIR) Payload: Supplied by CNES, this payload includes a four-channel long-wave infrared imaging sensor that enables high-resolution mapping of surface temperature and emissivity.
2. Visible-Near Infra-Red-ShortWave Infra-Red (VNIR-SWIR) Payload: Developed by ISRO, this payload consists of seven spectral bands aimed at detailed mapping of surface reflectance, which is crucial for calculating biophysical and radiation budget variables.

The data retrieved from both payloads will aid in solving surface energy balance equations to estimate heat fluxes.

Operational Details

• TRISHNA will operate in a sun-synchronous orbit at an altitude of 761 km, with a scheduled overpass time of 12:30 PM at the equator.
• This orbit will achieve a spatial resolution of 57 meters for land and coastal regions, and 1 km for oceanic and polar areas.
• The mission is expected to have an operational lifespan of five years.

In News:

Prime Minister Shri Narendra Modi recently launched the ‘Jal Sanchay Jan Bhagidari’ initiative via video conferencing from Surat, Gujarat.

Key Points:

• Campaign and Objectives:
  • Objective: The initiative seeks to bolster water conservation through extensive public and governmental collaboration.
  • Scope: About 24,800 rainwater harvesting structures will be constructed across Gujarat.
  • Approach: Emphasizes a Whole-of-Society and Whole-of-Government approach to water management.
• Significance:
  • Cultural Significance: PM Modi highlighted that water conservation is deeply embedded in Indian culture, with water revered as a divine entity and rivers considered Goddesses.
  • Policy and Virtue: He stated that water conservation transcends policy and is both an effort and a virtue, reflecting social commitment and cultural consciousness.
  • Future Challenges: The Prime Minister acknowledged the exacerbating impact of water scarcity due to climate change, urging a shift to the ‘Reduce, Reuse, Recharge, and Recycle’ mantra for sustainable water management.
• Impact of Drought and Water Scarcity:
  • Recent Challenges: The drought affecting the Amazon region and other parts of India has highlighted the urgent need for effective water conservation strategies.
  • Water Table Decline: Significant declines in river levels, such as the Rio Negro reaching its lowest minimum (12.7 meters) on record, and the death of endangered species due to low water levels underscore the crisis.
• Government Initiatives:
  • Jal Jeevan Mission: Aims to provide piped water to every home, with significant progress noted from 3 crore households to over 15 crore.
  • Jal Shakti Abhiyan: Focuses on renovation and construction of water sources with widespread public participation.
  • Amrit Sarovar: Over 60,000 Amrit Sarovars have been constructed under this campaign, which began during the Azadi Ka Amrit Mahotsav.
• Innovative Solutions and Technological Integration:
  • Drip Irrigation: Promotion of water-efficient farming techniques like drip irrigation to ensure sustainable agriculture.
  • Support for Farmers: Encouragement for cultivating less water-intensive crops such as pulses and millets.
• Role of Industries:
  • CSR Contributions: Industries have played a significant role in water conservation through initiatives like Net Zero Liquid Discharge Standards and the completion of 10,000 borewell recharge structures in Gujarat.
  • Future Plans: The ‘Jal Sanchay-Jan Bhagidari Abhiyan’ aims to create an additional 24,000 recharge structures.
• Conclusion and Vision:
  • Global Leadership: PM Modi expressed his belief that India can become a global leader in water conservation.
  • Public Movement: Stressed the importance of continuing public participation in water conservation to make India a model for global sustainability.

Background: The ‘Jal Sanchay Jan Bhagidari’ initiative builds on the success of the earlier Jal Sanchay program by involving citizens, local bodies, and industries in water conservation efforts. The initiative aligns with the vision of water security and aims to mobilize collective action for long-term sustainability.

Key Data:

• Construction of 24,800 rainwater harvesting structures.
• Significant increase in tap water connections from 3 crore to over 15 crore households.
• Creation of more than 60,000 Amrit Sarovars across the country.
• Completion of 10,000 borewell recharge structures in Gujarat.

Why is it in the News?

The State Bank of India (SBI) recently announced that it has secured the distinction of being the first bank to become a trading-cum-clearing (TCM) Member of the India International Bullion Exchange at the GIFT City in Gujarat.

What is the International Bullion Exchange (IIBX)?

• India International Bullion Exchange (IIBX) is India's first International Bullion Exchange.
• It is situated within the Gujarat International Finance Tech City (GIFT City) IFSC in Gandhinagar, Gujarat.
• Conceptualized to serve as a premier platform for importing bullion into India, IIBX aims to establish a world-class ecosystem for bullion trading, fostering investment in bullion financial products, and providing top-tier vaulting facilities.

What is Bullion?

• Bullion refers to high-purity physical gold and silver, typically stored in the form of bars, ingots, or coins.
• While sometimes recognized as legal tender, bullion primarily serves as a reserve for central banks and institutional investors.

Key Features:

• Transparent Price Discovery: IIBX prioritizes transparent price discovery mechanisms, ensuring fair and equitable transactions.
• Responsible Sourcing and Supply Chain Integrity: Emphasizing ethical practices, IIBX upholds responsible sourcing and supply chain integrity standards.
• Quality Assurance and Standardization: IIBX maintains rigorous quality assurance protocols and standardized practices to uphold the integrity of traded bullion.

Regulation and Oversight:

• Under the governance of the International Financial Services Centers Authority (IFSCA), IIBX operates under a unified regulatory framework dedicated to the development and oversight of financial products, services, and institutions within IFSCs.

Competitive Advantage:

• Offering a diverse array of products and cutting-edge technology, IIBX provides cost-effective solutions unparalleled by Indian exchanges and global counterparts in major financial hubs like Hong Kong, Singapore, Dubai, London, and New York.

What is the International Financial Services Centers Authority (IFSCA)?

• The International Financial Services Centers Authority (IFSCA) is a regulatory body established in India to oversee and regulate financial products, services, and institutions operating within International Financial Services Centers (IFSCs).
• IFSCA was formed to develop and promote the financial ecosystem within IFSCs, ensuring compliance with international standards and best practices.
• It regulates various entities such as banking, insurance, securities markets, and other financial intermediaries to foster growth and innovation in the financial sector within IFSCs.
• IFSCA's jurisdiction includes Gujarat International Finance Tech City (GIFT City) IFSC in Gandhinagar, Gujarat, which serves as a hub for international financial activities in India.

Why is it in the News?

Prime Minister Narendra Modi has reiterated the Government’s commitment to move towards self-sufficiency in edible oils production and harped on the importance of oil palm cultivation in the northeast region.

About the National Mission for Edible Oils - Oil Palm (NMEO-OP):

• The National Mission for Edible Oils - Oil Palm (NMEO-OP) is an initiative launched by the Government of India in August 2021 to significantly enhance oil palm cultivation and crude palm oil production.
• This centrally sponsored scheme prioritizes the North East region and the Andaman and Nicobar Islands, aiming to boost the area and productivity of oilseeds and Oil Palm.
• The targets of NMEO-OP include expanding the oil palm area to 10 lakh hectares by 2025-26, a substantial increase from 3.5 lakh hectares in 2019-20, along with elevating Crude Palm Oil production to 11.20 lakh tonnes by 2025-26 from 0.27 lakh tonnes in 2019-20.
• Furthermore, the mission seeks to enhance consumer awareness to maintain a consumption level of 19.00 kg/person/annum until 2025-26.
• Implementation of NMEO-Oil Palm involves various stakeholders such as the State Departments of Agriculture and Horticulture, Central University, ICAR-Institutions, CDDs, SAUs, KVKs, Central Agencies/Cooperatives, Oil palm processors/ Associations, DD Kisan, AIR, DD, TV channels.
• The salient features of NMEO-OP encompass assistance for planting material, inputs for intercropping up to a gestation period of 4 years, the establishment of seed gardens and nurseries, micro-irrigation, bore well/pump set/water harvesting structure, vermicompost units, solar pumps, harvesting tools, custom hiring center cum harvester groups, farmers and officers training, and replanting of old oil palm gardens, among others.

Oil Palm Production in India:

• Originating in West Africa, Oil Palm (Elaeis guineensis) is a relatively recent crop in India known for its high vegetable oil yield per hectare.
• It yields two main oils, palm oil, and palm kernel oil, utilized in both culinary and industrial applications.
• The primary oil palm-growing states in India include Andhra Pradesh, Telangana, and Kerala, which collectively contribute to 98% of the total production.
• Additionally, Karnataka, Tamil Nadu, Odisha, Gujarat, and Mizoram also have significant areas dedicated to oil palm cultivation.

Why is it in the News

Cooperation Minister Amit Shah on Friday launched the National Cooperative Database and stressed that it would help in policy making.

About National Cooperative Database (NCD):

• The National Cooperative Database (NCD) is an initiative spearheaded by the Ministry of Cooperation, responding to the pressing need for a robust database to effectively capture essential information concerning India's extensive cooperative sector.
• Developed collaboratively with State Governments, National Federations, and stakeholders, the NCD is designed to promote a cooperative-centric economic model, offering a web-based digital dashboard for seamless data management.
• Acting as a centralized repository, the NCD aggregates data from cooperative societies, including National/State Federations, with information entered and authenticated by nodal officials at RCS/DRCS offices for cooperative societies and provided by various national/state federations for federations.
• The collected data encompasses diverse parameters, such as registered names, locations, membership numbers, sectoral details, operational areas, financial statements, audit statuses, and more, providing a comprehensive overview of the cooperative landscape.
• Serving as a vital communication tool, the NCD facilitates efficient interaction between the Central Ministry, States/UTs, and Cooperative Societies, fostering collaboration and synergy within the cooperative sector.
• Key features and benefits of the NCD include single-point access, comprehensive and updated data, user-friendly interface, vertical and horizontal linkages, query-based reports and graphs, Management Information System (MIS) reports, data analytics, and geographical mapping capabilities.

Why is it in the News?

India’s Mines Ministry has proposed a new set of rules for the auction of offshore mineral blocks. It is also in the process of identifying such mineral blocks, including those in exclusive economic zones beyond territorial waters.

Context:

• To implement the amended Offshore Areas Mineral (Development & Regulation) Act, 2002 (OAMDR Act), the ministry has unveiled two draft rules:
  • Offshore Areas Mineral Auction Rules: These rules delineate provisions governing the auctioning of production leases.
  • Offshore Areas Existence of Mineral Resources Rules: These rules set forth norms for the exploration of minerals and deposits in offshore areas.

Offshore Areas Mineral (Development & Regulation) Act, 2002 (OAMDR Act):

• The OAMDR Act governs the development and regulation of mineral resources in India's territorial waters, continental shelf, exclusive economic zones, and other maritime zones.

About Offshore Areas Minerals (Development and Regulation) Amendment Bill, 2023:

• The Bill proposes amendments to the Offshore Areas Mineral (Development and Regulation) Act, 2002, governing mining activities in India's maritime zones.

Key highlights include:

• Empowering the government to reserve offshore areas without operating rights.
• Granting the administering authority the discretion to issue composite licenses or production leases to the government or a government company.
• Eliminating the provision for renewing production leases and setting a fixed fifty-year period, aligning with the Mines and Minerals (Development and Regulation) Act, 1957.
• Mandating the grant of production leases to the private sector through competitive bidding.
• Allowing non-competitive bidding for operating rights in mineral-bearing areas reserved by the central government for government entities or corporations.
• Restricting the grant of exploration licenses or production leases for atomic minerals to government or government corporations.
• Introducing a four-year timeline for the commencement of production and dispatch after executing a composite license or production lease, with a two-year timeline (extendable by one year) for re-commencement after discontinuation.
• Authorizing the central government to establish rules for mineral conservation, systematic development, and environmental protection in offshore areas, preventing or controlling pollution from exploration or production operations.

India's Maritime Zone Mineral Resources:

• India's maritime zone hosts diverse mineral resources, including lime mud off the Gujarat and Maharashtra coasts within the Exclusive Economic Zone (EEZ).
• Additionally, the region boasts construction-grade sand along the Kerala coast and heavy mineral placers in the inner-shelf and mid-shelf regions off Odisha, Andhra Pradesh, Kerala, Tamil Nadu, and Maharashtra.
• Phosphorite is found in the Eastern and Western continental margins, while the Andaman Sea and Lakshadweep Sea house Polymetallic Ferromanganese (Fe-Mn) nodules and crusts.

Why in the News?

The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), a Hyderabad-based international research institute with a focus on tropical dryland agrifood system innovation, has joined the One CGIAR integrated partnership.

What is One CGIAR Global Initiative?

• The One CGIAR global initiative is designed to establish a cohesive approach to transform food, land, and water systems in response to the challenges posed by the climate crisis.
• This collaborative effort involves the CGIAR System Organisation and 12 research centres operating under the umbrella of One CGIAR.
• CGIAR is a publicly-funded network of research centres focused on agrifood systems, operating in over 80 countries.

Key Facts about ICRISAT:

• ICRISAT, a non-profit, non-political international research organization, is dedicated to agricultural research for development in Asia and sub-Saharan Africa.
• Its mission is to support farmers by providing improved crop varieties and hybrids, particularly aiding smallholder farmers in arid regions to combat climate change.
• The organization specializes in research on five highly nutritious, drought-tolerant crops: chickpea, pigeonpea, pearl millet, sorghum, and groundnut.
• Recognized for its impactful work, ICRISAT was awarded the 2021 Africa Food Prize for the Tropical Legumes Project, contributing to improved food security across 13 countries in sub-Saharan Africa.
• ICRISAT is headquartered in Hyderabad, Telangana State, India, with two regional hubs in Nairobi, Kenya, and Bamako, Mali.
• Through its research and initiatives, ICRISAT plays a crucial role in addressing agricultural challenges and promoting sustainable development in diverse regions.

Why in the News?

The Elon Musk vs Mukesh Ambani battle on whether to auction or allocate satellite spectrum has attracted intervention from the Prime Minister’s Office (PMO).

What is Satellite Spectrum?

• The satellite spectrum is like a special section of radio waves reserved for satellites when they're up in space.
• It's part of the larger family of radio waves that we use for things like Wi-Fi, TV, and radio.
• This spectrum serves as a vital resource for countries, facilitating satellite broadcasting, communication, and weather services.

Key Points:

• Limited Resource: The satellite spectrum is finite, allocated for activities like satellite broadcasting and communication.
• It plays a crucial role in facilitating services provided by communication satellites and weather satellites.
• Frequency Bands: The spectrum is categorized into different frequency bands, chosen based on diverse applications.
• The frequency assigned during a satellite's construction remains unchanged post-launch.
• Impact on Data Transfer: The frequency of a signal dictates the speed of data transfer.
• Higher frequencies enable faster data transmission, but they also entail shorter wavelengths, leading to signal attenuation over distances and increased interference risks.
• Frequency Range: Satellites typically transmit in the frequency range of 1.5 to 51.5 gigahertz.
• High-speed broadband operations often use the higher end of this spectrum.

About International Telecommunication Union (ITU):

• Founded in 1865 as the International Telegraph Union, later becoming a specialized agency of the United Nations in 1947.
• Functions:
• Allocates global radio spectrum and satellite orbits.
• Coordinates and sets technical standards for telecommunication/ICT.
• Strives to enhance ICT access in underserved communities globally.
• Headquarters: Geneva, Switzerland.
• Membership: Comprises 193 countries and nearly 800 private sector entities and academic institutions.
• India's Association with ITU: India has actively participated in the ITU since 1869, maintaining a consistent presence on the ITU Council since 1952.

Why is it in the News?

The Supplementary Demands for Grants (SDG) are likely to see additional allocation for fertliser, food and fuel subsidy along with Rural Employment Guarantee Scheme.

About Supplementary Grants:

• According to Article 115 of the Indian Constitution, there's a provision for additional funds known as supplementary, additional, or excess grants.
• When the funds approved by the Parliament are not enough for the planned expenses, an estimate is submitted to the Parliament for extra grants.
• These additional grants are reviewed and approved by the Parliament before the conclusion of the financial year.
• If the actual spending surpasses the approved grants, the Ministry of Finance and the Ministry of Railways make a request for an Excess Grant after the financial year ends.
• The Comptroller and Auditor General of India highlight these excesses to the Parliament.
• The Public Accounts Committee then examines these cases and provides recommendations to the Parliament.
• The Demand for Excess Grants is presented to the Parliament after the financial year, once the actual expenditures have been incurred.

Why in the News?

The central government recently signed a USD 400 million policy-based loan with the Manila-based Asian Development Bank (ADB) to support its urban reform agenda to create high-quality urban infrastructure, improve service delivery, and promote efficient governance systems.

About Asian Development Bank (ADB):

• The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines.
• It was established in 1966 to promote economic development and cooperation in Asia and the Pacific.
• The ADB's primary goal is to reduce poverty in its member countries.
• The bank provides loans, grants, technical assistance, and policy advice to its member countries.
• It also mobilizes private sector investment through its private sector arm, the Asian Development Bank Private Sector Operations.
• It has 68 member countries, including 49 countries in Asia and the Pacific, and 19 non-regional developed countries.
• The ADB's annual lending volume is around $32 billion.
• As of 2022, ADB's five largest shareholders are Japan and the United States (each with 15.6% of total shares), the People's Republic of China (6.4%), India (6.3%), and Australia (5.8%).
• Source of Funding: It relies on member contributions, retained earnings from lending, and the repayment of loans for the funding of the organization.

The bank's strategy is focused on four key areas:

• Promoting sustainable growth: The ADB is committed to supporting its member countries in achieving their sustainable development goals by financing infrastructure, clean energy, and climate change mitigation and adaptation projects.
• Tackling poverty and inequality: The ADB is providing financing for education, health, social protection, and other programs that benefit the poor and vulnerable to reduce poverty and inequality in its member countries.
• Strengthening regional cooperation: The ADB is promoting regional cooperation and integration in Asia and the Pacific.
• The bank is supporting its member countries in developing regional infrastructure, trade, and investment projects.
• Responding to crises and disasters: The ADB is helping its member countries prepare for and respond to crises and disasters by providing finances for disaster risk reduction and resilience projects.

Why in the News?

Recently, the Union Agriculture Ministry partnered with the Wadhwani Institute for Artificial Intelligence (Wadhwani AI) to create a solution known as Krishi 24/7.

About Krishi 24/7:

• Krishi 24/7 is a groundbreaking AI-powered solution developed with support from Google.org, designed for automated monitoring and analysis of agricultural news.
• Key Features:
• This tool scans news articles in various languages and translates them into English for easy access.
• It extracts crucial information from news articles, including headlines, crop details, event types, dates, locations, severity, summaries, and source links.
• This ensures that the ministry receives timely updates on relevant events found on the internet.
• Significance:
• Krishi 24/7 addresses the vital need for an efficient system to identify and manage agricultural news articles.
• This aids in making timely decisions.
• It serves the Department of Agriculture and Farmers Welfare (DA&FW) by identifying pertinent news, delivering timely alerts, and facilitating swift action to protect the interests of farmers and promote sustainable agricultural growth through informed decision-making.

What is the News ?

The government has recently issued a Request for Proposal (RFP) to hire an asset appraiser for the Strategic Disinvestment of IDBI Bank.

Facts About:

Strategic disinvestment involves the sale of a significant portion of the government's ownership in a central public sector enterprise (CPSE), which can be up to 50% or a higher percentage as decided by the competent authority.

• This process also includes the transfer of management control.

It essentially means transferring both ownership and control of a public sector entity to another entity, which can be either private or public.

Distinguishing Strategic Disinvestment/Sale from Disinvestment:

• Disinvestment refers to the sale of minority shares of public enterprises to another entity, whether it's public or private.
• In this case, the government still maintains ownership of the enterprise.

In contrast, strategic disinvestment/sale occurs when the government sells a majority share in an enterprise, relinquishing not only ownership but also control of the entity.

What are the objectives of Strategic Disinvestment:

• Reduce Government Ownership
• Raise Capital
• Enhance Efficiency
• Foster Competition
• Attract Private Investment
• Focus on Core Functions
• Alleviate Fiscal Burden