News of The Day – 29th July 2024

News of The Day – 29th July 2024

Sources: The Hindu, Indian Express, Live Mint, Business Standard, Economic Times, and PIB.

PIB

• About National Mission on Cultural Mapping (NMCM)
• Significance of Cultural Mapping Of Villages

• Overview of Hezbollah Rocket Strikes
• Implications of Latest Strikes On Israel- Palestine Conflict

• Overview of Lithium deposits found in Karnataka
• About Lithium
• Significance of Lithium Reserves Findings for India
• Map: Lithium Reserves in India

• Overview Of Supreme Court’s Judgement On Power Of State Legislatures To Tax Mining Lands And Quarries
• About  Mines And Minerals (Development And Regulation) Act Of 1957
• About The Taxation Mining Lands And Quarries
• Significance Of Power Of State Legislatures To Tax Mining Lands And Quarries
• Major Concerns Associated With Taxation Mining Lands And Quarries
• Way Forward

On Reservations And The OBC Creamy Layer

• Overview of Reservations And The OBC Creamy Layer
• Key Recommendations of the Mandal Commission 
• Criteria for Exclusion of the ‘Creamy Layer’ of the Other Backward Class 
• Concerns Associated with Concentration of Reservation Benefits 
• Way Forward

President Droupadi Murmu Appoints New Governors For Nine States: All About The Post And Its Procedures

• About Position Of The Governor
• How Is The Governor Of A State Appointed?
• What Are The Qualifications For Appointment As A State Governor?
• What Is The Relationship Between The Governor And The State Government?

SC To Examine Acquitted Man’s ‘Right To Be Forgotten’

• What Is The Right To Be Forgotten?
• How Is The Right Interpreted In India?
• How Have Courts Ruled On The Issue?

A New Push In The Bay Of Bengal (BIMSTEC)

• Overview of BIMSTEC Foreign Ministers Meet
• About Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)
• Significance of BIMSTEC
• SAARC vs BIMSTEC
• Major Concerns Associated with BIMSTEC
• Way Forward 

India Assumes The Chair Of Asian Disaster Preparedness Centre (ADPC)

• About Asian Disaster Preparedness Centre (ADPC)
• India Role in the Field of Disaster Risk Reduction (DRR)
• Box: About International Coalition for Disaster Resilient Infrastructure (CDRI)

India And United States Of America Sign The First Ever ‘Cultural Property Agreement’

• Overview of India- USA ‘Cultural Property Agreement’
• About 1970 UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property
• Significance of India- USA ‘Cultural Property Agreement’

Reserve Bank Of India Releases Prompt Corrective Action (PCA) Framework For Urban Cooperative Banks

• Overview of RBI’s Prompt Corrective Action (PCA) Framework 
• Prompt Corrective Action (PCA) Framework  vs Supervisory Action Framework (SAF)
• Significance of Prompt Corrective Action (PCA) Framework For Urban Cooperative Banks

What Is Indexation In Calculating LTCG Tax?

• What is Indexation?
• Overview Of The New Long-Term Capital Gains (LTCG) Tax Regime

Centre Scraps Auction Of Three Critical Mineral Block

• Overview of Scrapping of Auction for  Critical Mineral Blocks
• About  Critical Minerals

Ariel: Another Watery Moon?

• Overview of Uranus’s Moon Ariel
• About NASA’s James Webb Space Telescope (JWST)

‘Dark Oxygen’ Discovery

• About Dark Oxygen
• What is Deep-Sea mining?

World Mangrove Day: Their Conservation In India

• Overview of  International Day for Conservation of Mangrove Ecosystems
• About Mangrove Ecosystems

Cites Eases Norms For Agarwood Export

• About Aquilaria Malaccensis (Agarwood) 
• Overview of  Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)

South Africa’s New Law On Climate Change

• Overview of South Africa’s New Law On Climate Change

21st Khaan Quest Exercise

The Hindu

• About Khaan Quest Exercise
• Significance of Khaan Quest Exercise