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Global Security Initiative (GIS) Recently, Nepal rejected calls from China to join the ‘Global Security Initiative (GSI)’, during the visit of Prime Minister Pushpa Kamal Dahal Prachanda to Beijing.

  • The GSI is a new Chinese initiative that seeks to challenge the Western-led global governance system and de-legitimize the United States’ role in Asia. 
  • The GSI, Global Development Initiative and Global Civilisation Initiative (GCI) are three key new initiatives proposed by Mr. Xi that will underpin China’s foreign policy.
RoDTEP (Remission of Duties and Taxes on Exported Products)) Scheme Recently, the union government has extended support under the scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) till 30 June 2024. 

  • RoDTEP is a WTO-compliant scheme. It replaced the Merchandise Exports from India Scheme (MEIS).
  • The new RoDTEP scheme is designed to ensure the refund of all embedded taxes and duties, including those that were not refunded or reimbursed under the MEIS scheme
  • Eligibility to claim benefits of the RoDTEP scheme:
    • Every exporter of goods in India is eligible to obtain the benefits under the RoDTEP scheme, subject to certain conditions.
Lithium Reserves in India

27.4

Indian government to auction lithium reserves in the Union Territory of Jammu & Kashmir soon.

  • Lithium reserves were discovered during exploration by the Geological Survey of India (GSI) in the Reasi district of Jammu and Kashmir.
  • Lithium reserves are also a key component in India’s ambition to expand EV penetration by 30% by 2030.

About: Lithium

  • Lithium is a raw material critical for making batteries for electric vehicles. 
  • Lithium-ion batteries have a high energy density resulting in a high power-to-weight ratio.
  • It also works better in a variety of temperatures and is more energy-efficient. As a result, it is a safer and more dependable procedure than other ones.

After J&K, Lithium reserves were also discovered on Revant hill in Degana in Rajasthan’s Nagaur district (In GSI Survey). These can meet 80% of the country’s demand.

Social Bonds National Bank for Agriculture and Rural Development (NABARD) said it has issued its first rupee-denominated AAA-rated social bonds with a total size of ₹1040.50 crore.

  • The bonds (redeemable, taxable, non-convertible, non-priority sector, unsecured, social securities of face value ₹1 lakh each) of five-year tenure were issued privately to eligible institutional investors under the Sustainability Bond Framework (SBF).

About: Social bonds

  • It is also known as social impact bonds (SIB), the bond issuer raises funds for a project that has some socially beneficial implications.
  • SBF seeks to finance and refinance new or existing eligible green and social projects.
  • Eligible social projects include affordable basic infrastructure, access to essential services, affordable housing, employment generation, food security, socioeconomic advancement, and empowerment.
  • Projects that promise energy efficiency, including green buildings, energy storage, and smart grids, would also be eligible.

NABARD: NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote the prosperity of rural areas.

Dadasaheb Phalke Award 2023
  • The Ministry of Information and Broadcasting has announced Ms. Waheeda Rehman will be honored with the Dadasaheb Phalke Lifetime Achievement Award for the year 2021.
    • Last year, it was presented to Asha Parekh.

About: The Dadasaheb Phalke Award

  • It was introduced in 1969 to commemorate Dadasaheb Phalke’s contribution to Indian cinema who directed India’s first full-length feature film, Raja Harishchandra in 1913.
  • The award comprises a Swarna Kamal (Golden Lotus) medallion, a shawl, and a cash prize of ₹10 lakh.
  • It recognises the recipient’s ‘outstanding contribution to the growth and development of Indian cinema’. 

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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