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[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 29 April 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their static or theoretical background. This helps you study a topic holistically and add new dimensions to every current event to help you think analytically

Table of Contents:

GS Paper 2:

  1.  The concept of fraternity

 

GS Paper 3:

  1. Securities and Exchange Board of India (Sebi)

 

GS Paper 4:

  1. Examples of Ethics

 

Facts for Prelims (FFP)

  1. Pradhan Mantri Jan Dhan Yojana
  2. UNPFII
  3. Gum Arabic
  4. Digital Services Act
  5. CDSCO
  6. India-UK NET Zero Innovation Virtual Centre
  7. Theory of evolution
  8. Command Cyber Operations and Support Wings (CCOSWs)

 

The concept of fraternity

GS Paper 2

 Syllabus: Indian Constitution—Historical Underpinnings, Evolution, Features, Amendments, Significant Provisions and Basic Structure

 

Source: TH

 Context: Since India imbibes the principle of ‘unity in diversity’, having a sense of fraternity is a virtue that is essential.

 

Meaning of fraternity:

  • The word fraternity is derived from French to mean brotherhood, friendship, community and cooperation.
  • It is a sense of common brotherhood among all Indians giving unity and solidarity to social life.

 

The concept of fraternity in the Indian Constitution:

  • While submitting the Draft Constitution to the President of the Constituent Assembly (on 21 February 1948), B R Ambedkar (the chairman of the Drafting Committee) wrote that –
    • The drafting committee had added a clause on “fraternity” in the Preamble
    • Even though it was not part of the Objective Resolution
  • As a result, the Preamble (adopted on 26 November 1949, came into effect on 26 January 1950 and amended by the 42nd Amendment 1976) to the Indian Constitution mentions –
    • Fraternity assuring the dignity of the individual and unity and integrity of the Nation”.
  • Article 51A (Fundamental Duties) added to by the 42nd Amendment 1976 referred to the duty of every citizen ‘to promote harmony and the spirit of common brotherhood amongst all the people of India’.
  • Both the Preamble and the Fundamental Duties can not be legally enforced, but have a moral, spiritual appeal.

 

Why is fraternity essential?

  • It is one of the four pillars of constitutional morality spelt out in the Preamble of India’s Constitution: justice, liberty, equality, and fraternity.
  • Without fraternity, equality and liberty can’t be achieved, because the idea of fraternity is closely linked to social solidarity.
  • Gains coming from the other three are strengthened and enriched by a sense of fraternity.

 

Challenges that the concept face in India:

  • Fraternity remains the least understood, least discussed, and the least practised of the four pillars of constitutional morality.
  • Inequality and prejudice.
  • Politics of hate and weak democratic opposition.
  • Taking the form of loyalty to the state (nationalism), neglecting the principle of solidarity among citizens.
  • Feminists often criticise the idea/definition of fraternity as it excludes “sisterhood.”
  • Inter-state conflicts and challenges to internal security like left-wing extremism, terrorism, cybersecurity, fake news, etc

 

Steps taken by the Indian government:

  • Inter-state councils, Zonal councils, Social initiatives like Ek Bharat – Shrestha Bharat, National Foundation for Communal Harmony (NFCH), etc.
  • A ‘uniform’ and ‘Common Minimum Programme for Value Education’ was launched across the entire schooling system with a focus on ‘core Constitutional values’.

 

Way ahead:

  • Balancing the dignity of the individual and the unity and integrity of the Nation.
  • For this,
    • A functioning moral order in society and a public conscience is essential. This will help in imbibing the concept individually and collectively.
    • Each of Gandhiji’s Seven Social Sins must form the ethos of the socio-political fabric of India.

 

Conclusion: Ambedkar dreamed of an India in which divisions of caste and religion would gradually fade away in the spirit of fraternity. Therefore, investing in the concepts like fraternity would save society from fragmentation.

 

Insta Links:

The ambit of fraternity and the wages of oblivion

 

Mains Links:

The spirit of tolerance and love is not only an interesting feature of Indian society from very early times, but it is also playing an important part at the present. Elaborate. (UPSC 2017)

 

Prelims Links: (UPSC 2020)

The Preamble to the Constitution of India is

  1. a part of the Constitution but has no legal effect
  2. not a part of the Constitution and has no legal effect either
  3. part of the Constitution and has the same legal effect as any other part
  4. a part of the Constitution but has no legal effect independently of other parts

 

Ans: 4

Securities and Exchange Board of India (Sebi)

GS2/GS3

 Syllabus: Governance: Regulators/ GS-3: Indian Economy and Issues

 

Source: BS

 Context: The Securities and Exchange Board of India (Sebi) recently unveiled a new logo on the occasion of its 35th anniversary.

 

About SEBI:

SEBI has been successful in its functions:

FunctionExample of SEBI’s success
Protection of investors’ interestsSEBI has taken action against fraudulent collective investment schemes  to protect investors’ interests e.g., Action against the Sahara group (2013)
Impressive rise Assets under the management of mutual funds, the total number of dematerialised accounts, dematerialised turnover, the number of derivatives contracts, etc, have all grown exponentially.
The smooth functioning of the securities marketSEBI has introduced online trading platforms and electronic clearing services
Regulation of securities market operationsSEBI has introduced regulations for insider trading, delisting of securities, and disclosure and investor protection guidelines
Education of investorsSEBI‘s ‘Jan Jagruti Abhiyaan’ to educate investors about the securities market and their rights as investors.
Prohibition of fraudulent and unfair trade practicesSEBI has taken action against market manipulations and price rigging. In 2015, SEBI ordered a probe into suspected rigging of the National Stock Exchange’s (NSE) algo-trading systems and imposed a penalty of Rs 1,000 crore on NSE for its role in the co-location case.
Ensuring compliance by market participantsIn 2018, SEBI fined ICICI Bank and its CEO Chanda Kochhar for violating disclosure norms related to a loan given to Videocon Group.
Tackling insider tradingIn 2017, SEBI imposed a penalty on Reliance Industries for alleged insider trading in Reliance Petroleum shares in 2007.

  

Limitations of SEBI:

 SEBI has certain limitations in terms of its reach, enforcement powers, coordination with other regulatory bodies, resources, and keeping up with changing market dynamics. These limitations can create regulatory gaps and overlaps, leading to delays in the resolution of cases.

 

Examples:

  • SEBI’s alleged inaction in the Ketan Parekh scam and Satyam scandal
  • SEBI’s inability to prevent the NSEL scam
  • Failure of SEBI’s regulations to prevent the misuse of participatory notes (P-notes) by foreign investors

 

Conclusion:

There is a need for continuous monitoring and improving market intelligence to strengthen enforcement. Also, India’s financial markets are still segmented, and a unified financial regulator may be required to remove overlaps and excluded boundaries.

 

Insta Links

How is the stock market regulated in India?

 

Mains Links:

Discuss the powers and functions of SEBI. What are the major issues faced by the regulatory body for securities and commodity markets in India? Suggest reforms that are needed in its functioning. (250 Words)

UNPFII

Source: DTE

 Context: India’s representative at the United Nations Permanent Forum on Indigenous Issues (UNPFII) faced criticism from Adivasi rights activists for stating that the concept of ‘indigenous people’ was not applicable in the Indian context.

The Term “Indigenous People”The Term “Tribals”
Refers to those groups who are regarded as native or original inhabitants of a particular region or geographic area, and who have a historical, cultural, and spiritual relationship with the land.

 

However, there is no singularly authoritative definition of indigenous peoples under international law and policy

Refers to the communities in India who have historically lived in forests and hilly regions and have their distinct cultural practices and languages.
Recognized as distinct groups with their own language, culture, and traditions, and who have suffered historical injustices such as colonization, forced displacement, and discrimination.Recognized by the Constitution of India as Scheduled Tribes (STs) and provided with certain protections and privileges.
Indian government argues that “all Indians are indigenous to the Indian subcontinent”, the concept of indigenous people is not applicable in the Indian context.Critics argue that STs in India can be considered indigenous people as they have a distinct culture and tradition, and have faced historical injustices.

The UN Declaration on the Rights of Indigenous Peoples, which India has ratified, recognizes the rights of Indigenous people, including their right to self-determination, and the government’s position goes against this international declaration. Also, every year, on 9 August, the International Day of the World’s Indigenous Peoples is marked.

 

About UNPFII:

Details
The United Nations Permanent Forum on Indigenous Issues (est. 2000; HQ: New York) is the UN’s central coordinating body for matters relating to the concerns and rights of the world’s indigenous peoples.
MandateTo deal with indigenous issues related to economic and social development, culture, the environment, education, health and human rights
FunctionsTo promote the integration and coordination of activities relating to Indigenous Peoples’ issues within the UN system, and promote respect for and full application of the provisions of the UN Declaration on the Rights of Indigenous Peoples and follow up on its effectiveness
Other Mandated UN BodiesThe Expert Mechanism on the Rights of Indigenous Peoples and the Special Rapporteur on the Rights of indigenous peoples
/ 29 Apr 2023, Today's Article, UNPFII

Gum Arabic

Source: IE

 Context: Sudan’s eruption into conflict has affected the supplies of gum Arabic across the world.

Gum arabic:

  • It is a natural gum derived from the hardened sap of two species of the Acacia tree – Senegalia Senegal and Vachellia seyal.
  • The gum is harvested commercially from wild trees, mostly in Sudan (80%) and throughout the Sahel (from Senegal to Somalia).
  • Gum Arabic first found its way to Europe via Arabic ports, hence the name.
  • It is soluble in water, edible and used primarily in the food industry and soft-drink industry as a stabiliser.
  • It is also used in printing, paints, glues, cosmetics, and viscosity control in inks and textile industries.

Digital Services Act

 

Context: European Commission adopted the first designation decisions under the Digital Services Act (DSA)

 

Key features of the Digital Services Act (DSA):

FeatureDescription
DefinitionA set of common rules on intermediaries’ obligations and accountability across the single market
ObjectiveTo tightly regulate the way intermediaries, especially large platforms such as Google, Facebook, and YouTube, function when it comes to moderating user content
Faster Removals and ProvisionsSocial media companies will have to add “new procedures for faster removal” of content deemed illegal or harmful. They will also have to explain to users how their content takedown policy works. The DSA also allows users to challenge takedown decisions taken by platforms and seek out-of-court settlements
Greater Responsibility for VLOPsThe law avoids a one-size-fits-all approach and places increased accountability on the Big Tech companies. Under the DSA, ‘Very Large Online Platforms’ (VLOPs) and ‘Very Large Online Search Engines’ (VLOSEs), that is platforms having more than 45 million users in the EU, will have more stringent requirements.
Direct Supervision by ECThe European Commission will be responsible for centrally supervising these requirements and their enforcement.
More Transparency on AlgorithmsVLOPs and VLOSEs will face transparency measures and scrutiny of how their algorithms work, through systemic risk analysis and reduction to drive accountability about the social impacts of their products.
Clearer Identifiers for AdsOnline platforms must ensure that users can easily identify advertisements and understand who presents or pays for the advertisement. They must not display personalised advertising directed towards minors or based on sensitive personal data.

 

Comparison of EU’s DSA vs. India’s IT Rules:

CriteriaEU’s DSAIndia’s IT Rules (Information Technology Rules, 2021)
ScopeThis applies to all intermediaries operating in the EU, irrespective of their countryThis applies to all social media platforms operating in India, irrespective of their country.
Content ModerationSocial media companies will have to add “new procedures for faster removal” of content deemed illegal or harmful.Large social media platforms need to appoint key personnel to handle law enforcement requests and user grievances.
ResponsibilityPlaces increased accountability on the Big Tech companies.Places responsibility on social media platforms
EncryptionThe DSA does not explicitly address encryption issuesThe IT Rules mandate that social media platforms identify the first originator of the information on its platform under certain conditions, including cases of child sexual abuse material, which may compromise the encryption security on its platform.

CDSCO

 

Source: FE

 Context: Central Drugs Standard Control Organisation (CDSCO) has issued an alert listing 48 commonly used medicines, as they failed the latest drug safety alert issued by the drug regulator

 

About CDSO

The Central Drugs Standard Control Organisation (HQ: New Delhi) is India’s national regulatory body for cosmetics, pharmaceuticals and medical devices.
ResponsibilitiesRegulatory control over the import of drugs, approval of new drugs and clinical trials,
MinistryMinistry of Health & Family Welfare
Enabling LegislationDrugs and Cosmetics Act, 1940 and Rules 1945
Key FunctionsApproval of Drugs, Conduct of Clinical Trials, laying down standards for Drugs, Control over the quality of imported Drugs, Coordination of the activities of State DCOs by providing expert advice; approval of certain licenses as Central License Approving Authority
Joint Responsibility with State RegulatorsGrant of licenses of certain specialized categories of critical Drugs such as blood and blood products, Vaccine
CDSCO is headed by the Drug Controller General of India
/ 29 Apr 2023, CDSCO, Today's Article

Theory of evolution

Source: TH

 Context: Recently, the National Council of Educational Research and Training (NCERT) dropped the entire section on “Theory of evolution” from its Class 10 textbooks.

 

About Darwin’s theory of evolution:

Darwin’s Theory of Evolution
DefinitionDarwin’s theory of evolution is the process by which species of organisms develop and change over time through natural selection.
Principles

·        Variation: Individuals within a species have differences or variations.

·        Inheritance: Some of these variations are heritable and can be passed on to offspring.

·        Selection: Organisms with advantageous variations have a higher chance of surviving and reproducing, passing on these advantageous traits to their offspring.

·        Time: Evolution occurs over long periods of time, allowing for gradual changes to accumulate.

Natural SelectionNatural selection is the driving force behind evolution. Organisms with advantageous traits are more likely to survive and reproduce, passing on those traits to their offspring. Over time, this leads to the evolution of new species.
ControversiesDarwin’s theory of evolution has been controversial since its introduction. Some religious and cultural beliefs conflict with the idea of evolution.
InfluenceLamarck, the French naturalist proposed his own theory of evolution before Darwin; Darwin’s theory was an extension of laissez-faire economics; Darwin was greatly influenced by Malthus’ ideas of competition in an environment with limited resources.

India-UK NET Zero Innovation Virtual Centre

 

Source: PIB

 Context: India and the United Kingdom will create India-UK NET Zero Innovation Virtual

Centre

 

About India-UK NET Zero Innovation Virtual Centre:

PurposeTo bring stakeholders from both countries together to work in some of the focus areas including decarbonization of manufacturing processes & transport systems, and green hydrogen as a renewable source
Announced It was announced during the India-UK Science & Innovation Council meeting
Other initiatives between India and UK UK’s International Science Partnerships Fund (Newton-Bhabha fund); UK-India scientific ‘deep sea voyage (for carrying out scientific studies) and ‘space parks’ (manufacturing hub for space-related technology) partnership; India-UK Neutron Scattering Workshop; India-UK iSiS project (for neutron and muon science); UK-India Tech Partnership (2018)

 

Command Cyber Operations and Support Wings (CCOSWs)

 

Source: HBL

 

Context: The Indian Army has decided to create Command Cyber Operations and Support Wings (CCOSWs) to assist its formations in dealing with cyberspace security challenges posed by adversaries.

 

About CCOSWs:

TopicInformation
PurposeTo assist Army formations in taking up cyberspace security challenges and safeguard networks
GoalIncrease preparedness levels in the cyberspace domain
FunctionHelp Army formations in addressing cyberspace security challenges posed by adversaries. The Lead Directorates and Test Bed formations will facilitate the absorption of niche technologies and improve the exploitation of futuristic technologies across the army.
Challenges AddressedAdversaries’ expansion of cyber warfare capabilities, cyber-attacks on critical infrastructure, digital illiteracy, import dependency on electronic devices, lack of coordination among agencies, and inadequate infrastructure and trained staff
Other Initiatives Taken by IndiaNational Cyber Security Policy (2013); Framework for enhancing Cyber Security; Tri-service Defence Cyber Agency (DCA); setting up of CERT-In and National Critical Information Infrastructure Protection Centre (NCIIPC)
Initiatives taken by other countries for cyberwarfareUS Cyber Command was established in 2009; France adopted a national cyber security strategy in 2015; China’s Strategic Support Force in 2015; Russian GRU; Israel’s Unit 8200;

 

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