{"id":146197,"date":"2024-12-09T19:02:57","date_gmt":"2024-12-09T13:32:57","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=current-affairs&#038;p=146197"},"modified":"2024-12-09T19:02:57","modified_gmt":"2024-12-09T13:32:57","slug":"news-in-shorts-09-december-2024","status":"publish","type":"current-affairs","link":"https:\/\/pwonlyias.com\/stage\/current-affairs\/news-in-shorts-09-december-2024","title":{"rendered":"News in Shorts: 09 December 2024"},"content":{"rendered":"<h2 style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><b>International Conclave on \u201cInsolvency Resolution: Evolution &#038; Global Perspective\u201d<\/b><\/span><\/h2>\n<p><b>Context:\u00a0<\/b><span style=\"font-weight: 400;\">An <\/span><b>International Conclave focusing on \u201cInsolvency Resolution: Evolution &#038; Global Perspective<\/b><span style=\"font-weight: 400;\">\u201d is being<\/span><b> organised by The Insolvency and Bankruptcy Board of India (IBBI)<\/b><span style=\"font-weight: 400;\"> in association with INSOL.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Participants:<\/b><span style=\"font-weight: 400;\"> Stakeholders of the IBC ecosystem like <\/span><b>insolvency professionals, legal \ufb01rms, consulting \ufb01rms, \ufb01nancial creditors, service providers, professionals, regulators, academia a<\/b><span style=\"font-weight: 400;\">nd government o\ufb03cers joined the Conclave.<\/span><\/li>\n<li><b>Panel Discussions Theme: <\/b><span style=\"font-weight: 400;\">The Conclave included three panel discussions,<\/span><\/li>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>First:<\/b><span style=\"font-weight: 400;\"> The session was themed on the topic &#8220;<\/span><b>Issues, Recent Developments &#038; New Trends in Restructuring &#038; Insolvency Across Jurisdictions<\/b><span style=\"font-weight: 400;\">&#8220;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Second:<\/b><span style=\"font-weight: 400;\"> It was themed &#8220;<\/span><b>Judgment Enforcement, Asset Recovery and Personal Guarantees&#8221;.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Third:<\/b><span style=\"font-weight: 400;\"> It focused on <\/span><b>&#8220;Role of Institutional Creditors in Corporate Resolution Across Jurisdictions&#8221;.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Course<\/a><\/span><\/p>\n<h3><span style=\"font-size: 16pt;\"><b>About The Insolvency and Bankruptcy Board of India<\/b><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Established<\/b><span style=\"font-weight: 400;\">: The Insolvency and Bankruptcy Board of India was established<\/span><b> on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).\u00a0<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regulator<\/b><span style=\"font-weight: 400;\">: The IBBI has regulatory <\/span><b>oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities.<\/b><\/li>\n<li><b>Function: <\/b><span style=\"font-weight: 400;\">To <\/span><b>register insolvency professional agencies, insolvency professionals and information utilities and renew, w<\/b><span style=\"font-weight: 400;\">ithdraw, suspend or cancel such registrations.<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><b>Udhampur &#8220;Kalari&#8221; Cheese<\/b><\/span><\/h2>\n<p><b>Context: <\/b><span style=\"font-weight: 400;\">Promoting<\/span><b> Udhampur&#8217;s &#8220;Kalari,&#8221;<\/b><span style=\"font-weight: 400;\"> a traditional local milk product, was discussed during the DISHA meeting chaired by the Union Minister of State for Science and Technology.<\/span><\/p>\n<h3><span style=\"font-size: 16pt;\"><b>About Udhampur &#8220;Kalari\u201d<\/b><\/span><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">Kalari is a <\/span><b>type of stretchy cheese and a part of Dogra cuisine<\/b><span style=\"font-weight: 400;\"> with a unique texture and taste.<\/span><\/li>\n<li><b>Origin: <\/b><span style=\"font-weight: 400;\">Kalari cheese<\/span><b> originated in the Ramnagar area of Udhampur district <\/b><span style=\"font-weight: 400;\">in Jammu\u00a0<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">As per popular legends,<\/span><b> Kalari was invented by semi-nomadic tribal pastoralists of J&#038;K (Gujjars) <\/b><span style=\"font-weight: 400;\">who found the kalari cheese to be a useful way of preserving milk while keeping its protein properties intact\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>GI Tag:<\/b><span style=\"font-weight: 400;\"> Kalari cheese received<\/span><b> a Geographical Indication (GI) tag <\/b><span style=\"font-weight: 400;\">on October 23, 2023.<\/span><\/li>\n<li><b>Street Food:<\/b><span style=\"font-weight: 400;\"> Kalari is<\/span><b> widely consumed as a street snack among the ethnic Dogras.<\/b><span style=\"font-weight: 400;\"> Flattened Kaladis are salted and saut\u00e9ed in their own fat on a hot griddle.\u00a0<\/span><\/li>\n<li><b>Method of Preparation:<\/b><span style=\"font-weight: 400;\"> Kalaris are mad<\/span><b>e after processing the milk traditionally made from raw full fat milk,<\/b><span style=\"font-weight: 400;\"> vigorously churned in an iron pot with a <\/span><b>wooden plunger-like tool.\u00a0<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">The molten mass of milk solids was then <\/span><b>separated by adding sour milk or curd called mathar.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">Stretching the cheese<\/span><\/li>\n<li><b>Cooling the cheese on the black iron pot<\/b><\/li>\n<li><span style=\"font-weight: 400;\">Sun-drying the cheese to remove moisture<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Nutrient Profile: <\/b><span style=\"font-weight: 400;\">\u00a0Kalari cheese is nutritious and it is healthy and is rich<\/span><b> in iron, carbohydrates, fat, Vitamins, Phosphorus, Zinc, Magnesium, Potassium and Calcium<\/b><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><b>Anti-Drone Unit<\/b><\/span><\/h2>\n<p><b>Context: <\/b><span style=\"font-weight: 400;\">Union Home Minister announced the establishment of a comprehensive<\/span><b> anti-drone unit<\/b><span style=\"font-weight: 400;\"> to address emerging threats from drones.<\/span><\/p>\n<h3><span style=\"font-size: 16pt;\"><b>Additional Measures<\/b><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Comprehensive Integrated Border Management System (CIBMS)<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Pilot tested in Dhubri, Assam, and planned for wider rollout along borders with Pakistan and Bangladesh.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strengthening Infrastructure<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Enhanced border fencing, road construction, and other border infrastructure projects to secure sensitive areas.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/store.pw.live\/govt-entrance-exams\/upsc-books?utm_source=SEO&#038;utm_medium=PW+Live&#038;utm_campaign=UPSC+CSE+Books\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Check Out UPSC CSE Books From PW Store<\/span><\/a><\/span><\/p>\n<h3><span style=\"font-size: 16pt;\"><b>About Anti-Drone Unit<\/b><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-146175 alignright\" src=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/12\/96-6756dc82939af.webp\" alt=\"Anti-Drone Unit\" width=\"303\" height=\"210\" srcset=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/12\/96-6756dc82939af.webp 487w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/12\/96-6756dc82939af-300x208.webp 300w\" sizes=\"(max-width: 303px) 100vw, 303px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It\u00a0 is a sophisticated security system.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Developed by: <\/b><span style=\"font-weight: 400;\">Collaboration with<\/span><b> border security forces, the Ministry of Defence<\/b><span style=\"font-weight: 400;\">, <\/span><b>DRDO,<\/b><span style=\"font-weight: 400;\"> and other research departments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technology: <\/b><span style=\"font-weight: 400;\">Laser-equipped anti-drone gun mount system<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Purpose: <\/b><span style=\"font-weight: 400;\">To protect the country from threats posed by drones<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The system&#8217;s success rate for intercepting drones along the International Border in Punjab improved from 3% earlier to 55%.<\/span><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><b>Sathanur Dam<\/b><\/span><\/h2>\n<p><b>Context: <\/b><span style=\"font-weight: 400;\">Recently,\u00a0 the sudden release of 1.8 lakh cusecs of water from Sathanur Dam caused severe flooding along the<\/span><b> Thenpennai river in Tiruvannamalai, Villupuram, and Cuddalore districts, Tamil nadu.<\/b><\/p>\n<h3><span style=\"font-size: 16pt;\"><b>About Sathanur Dam<\/b><\/span><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">It is a significant<\/span><b> reservoir in Tamil Nadu.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">The project was initiated during<\/span><b> India&#8217;s First Five-Year Plan in 1953.<\/b><\/li>\n<li><b>Location:<\/b><span style=\"font-weight: 400;\"> Thandarampet Taluk, Tiruvannamalai District, Tamil Nadu.<\/span><\/li>\n<li><b>River:<\/b><span style=\"font-weight: 400;\"> Built across the <\/span><b>Thenpennai River (Pennaiyar River<\/b><span style=\"font-weight: 400;\">) in the Chennakesava Hills.<\/span><\/li>\n<li><b>Significance: <\/b><span style=\"font-weight: 400;\">The third-largest dam in Tamil Nadu after <\/span><b>Mettur and Bhavanisagar dams.<\/b><\/li>\n<\/ul>\n<h3><span style=\"font-size: 16pt;\"><b>Features<\/b><\/span><\/h3>\n<ul>\n<li><b>Type:<\/b><span style=\"font-weight: 400;\"> Gravity dam.<\/span><\/li>\n<li><b>Specifications:<\/b><\/li>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The reservoir serves <\/span><b>irrigation and water supply needs<\/b><span style=\"font-weight: 400;\"> for the surrounding regions.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span style=\"font-size: 16pt;\"><b>About Pennaiyar River<\/b><\/span><\/h3>\n<ul>\n<li><b>Origin: Nandi Hills <\/b><span style=\"font-weight: 400;\">in the<\/span><b> Chikkaballapura district <\/b><span style=\"font-weight: 400;\">of Karnataka.\u00a0<\/span><\/li>\n<li><b>Tributaries: <\/b><span style=\"font-weight: 400;\">Markandeyanadhi, Kambainallur, and Pambar rivers.<\/span><\/li>\n<li><b>States from which it flows:\u00a0 <\/b><span style=\"font-weight: 400;\">It enters<\/span><b> Tamil Nadu<\/b><span style=\"font-weight: 400;\"> after originating in Karnataka.<\/span><\/li>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Finally, the river flows into the Bay of Bengal. <\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc\/pw-only-ias?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Classes<\/a><\/span><\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><b>World\u2019s largest grain storage plan<\/b><\/span><\/h2>\n<p><b>Context<\/b><span style=\"font-weight: 400;\">: The <\/span><b>National Level Coordination Committee (NLCC)<\/b><span style=\"font-weight: 400;\"> for the <\/span><b>World\u2019s largest grain storage plan<\/b><span style=\"font-weight: 400;\"> held its maiden meeting in the <\/span><b>Ministry of Cooperation<\/b><span style=\"font-weight: 400;\">, New Delhi recently.<\/span><\/p>\n<h3><span style=\"font-size: 16pt;\"><b>About World\u2019s Largest Grain Storage Plan in Cooperative Sector<\/b><\/span><\/h3>\n<ul>\n<li><b>Objective:<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">Establish decentralized grain storage facilities at the <\/span><b>Primary Agricultural Credit Societies (PACS)<\/b><span style=\"font-weight: 400;\"> level.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Develop additional agricultural infrastructure like warehouses and processing units.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Pilot Project Highlights:<\/b>\n<ul>\n<li><b>Construction of Godowns<\/b><span style=\"font-weight: 400;\">: <\/span><b>11 godowns<\/b><span style=\"font-weight: 400;\"> completed in <\/span><b>11 PACS<\/b><span style=\"font-weight: 400;\"> across 11 states.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Total storage capacity: <\/span><b>9,750 MT<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><b>States: <\/b><span style=\"font-weight: 400;\">Maharashtra, Uttar Pradesh, Tamil Nadu, Karnataka, Gujarat, Madhya Pradesh, Uttarakhand, Assam, Telangana, Tripura, and Rajasthan.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Expansion<\/b><span style=\"font-weight: 400;\">: Over <\/span><b>500 additional PACS<\/b><span style=\"font-weight: 400;\"> identified for construction as of November 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Implementing Agencies:<\/b><span style=\"font-weight: 400;\"> Implemented by National Cooperative Development Corporation (NCDC) with the support of NABARD, Food Corporation of India (FCI), Central Warehousing Corporation (CWC), NABARD Consultancy Services (NABCONS) in coordination with States\/ UTs concerned.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Financial Incentives for PACS:<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Agriculture Infrastructure Fund (AIF)<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><b>3% interest subvention<\/b><span style=\"font-weight: 400;\"> for projects up to \u20b92 crore.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Loan repayment period: <\/span><b>2+5 years<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Agricultural Marketing Infrastructure Scheme (AMI)<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><b>33.33% subsidy<\/b><span style=\"font-weight: 400;\"> for storage unit construction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><b>Margin money requirement<\/b><span style=\"font-weight: 400;\"> reduced from <\/span><b>20% to 10%<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Additional subsidy for <\/span><b>ancillaries<\/b><span style=\"font-weight: 400;\"> (e.g., boundary walls, drainage) capped at 1\/3rd of total permissible subsidy or actual cost.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"vc_table_green\"><\/p>\n<table style=\"width: 99.6375%;\">\n<tbody>\n<tr>\n<td style=\"width: 111.19%; text-align: center;\" colspan=\"2\"><span style=\"font-size: 18pt;\"><b>Also Read<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 49.797%; text-align: center;\"><a href=\"https:\/\/pwonlyias.com\/stage\/editorial-analysis\/\" target=\"_blank\" rel=\"noopener\"><b>UPSC Daily Editorials<\/b><\/a><\/td>\n<td style=\"width: 61.393%; text-align: center;\"><a href=\"https:\/\/pwonlyias.com\/stage\/daily-current-affairs\/\" target=\"_blank\" rel=\"noopener\"><b>UPSC Daily Current Affairs<\/b><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 49.797%; text-align: center;\"><a 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href=\"https:\/\/store.pw.live\/govt-entrance-exams\/upsc-books\/upsc-textbooks?utm_source=SEO&#038;utm_medium=PW+Live&#038;utm_campaign=UPSC+Textbooks\" target=\"_blank\" rel=\"noopener\"><b>Check Out UPSC NCERT Textbooks From PW Store<\/b><\/a><\/td>\n<td style=\"width: 61.393%; text-align: center;\"><a href=\"https:\/\/store.pw.live\/govt-entrance-exams\/upsc-books\/upsc-modules?utm_source=SEO&#038;utm_medium=PW+Live&#038;utm_campaign=UPSC+Modules\" target=\"_blank\" rel=\"noopener\"><b>Check Out UPSC Modules From PW Store<\/b><\/a><b>\u00a0<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>International Conclave on \u201cInsolvency Resolution: Evolution &#038; Global Perspective\u201d Context:\u00a0An International Conclave focusing on \u201cInsolvency Resolution: Evolution &#038; Global Perspective\u201d is being organised by The Insolvency and Bankruptcy Board of India (IBBI) in association with INSOL. Participants: Stakeholders of the IBC ecosystem like insolvency professionals, legal \ufb01rms, consulting \ufb01rms, \ufb01nancial creditors, service providers, professionals, regulators,&hellip; <a class=\"more-link\" href=\"https:\/\/pwonlyias.com\/stage\/current-affairs\/news-in-shorts-09-december-2024\">Continue reading <span class=\"screen-reader-text\">News in Shorts: 09 December 2024<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":146200,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"tags":[],"paper-wise":[],"subject":[],"acf":[],"_links":{"self":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/146197"}],"collection":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs"}],"about":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/types\/current-affairs"}],"author":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/comments?post=146197"}],"version-history":[{"count":2,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/146197\/revisions"}],"predecessor-version":[{"id":146205,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/146197\/revisions\/146205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/media\/146200"}],"wp:attachment":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/media?parent=146197"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/tags?post=146197"},{"taxonomy":"paper-wise","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/paper-wise?post=146197"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/subject?post=146197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}