5070 Manthan2.0DECEMBER-2023 WEEK-4 (Topic1-10) V29122023
5070 Manthan2.0DECEMBER-2023 WEEK-4 (Topic1-10) V29122023
5070 Manthan2.0DECEMBER-2023 WEEK-4 (Topic1-10) V29122023
O
DECEMBER 2023 : WEEK-4
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Manthan 2.O | December 2023 : Week-4
Contents
1. T+0, instant settlement cycle: What is the new SEBI proposal and
its potential benefits for investors? ................................................................................................................. 3
3. Veer Bal Diwas: Recalling the ‘supreme sacrifice’ of Guru Gobind Singh’s sons ................................... 9
7. Orissa HC rapped the state govt over creating new districts ...................................................................... 20
8. Macron for Republic Day 2024: How India chooses its Republic Day chief guest............................. 23
10. Iceland volcano eruption: What are volcanoes and why is the island so volcanically active? .... 29
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1. T+0, instant settlement cycle: What is the
new SEBI proposal and its potential
benefits for investors?
The Securities and Exchange Board of India (SEBI) has proposed the introduction of a facility for
clearing and settlement of funds and securities on T+0 (same day) and instant settlement cycle on an
optional basis.
The facility will be in addition to the existing T+1 (trade plus one day) settlement cycle in the secondary
markets for the equity cash segment.
The markets regulator, in a consultation paper, has proposed to introduce a shorter settlement cycle in
two phases.
What is the current settlement cycle followed in the securities market?
In its endeavour to keep pace with the changing times and carry out its mandate of development of
securities markets and investor protection, SEBI has shortened the settlement cycle to T+3 from T+5 in
2002 and subsequently to T+2 in 2003.
At present, the settlement of funds and securities happens on the T+1 cycle. It was introduced in 2021 in
a phased manner and was fully implemented in January 2023.
Under it, securities and funds are settled by the next day of the trade.
What has SEBI proposed now?
It said that for the equity cash segment, in addition to the existing T+1 settlement cycle, a shorter
settlement cycle may be introduced as an option. It proposed to implement it in two phases – Phase 1:
T+0 Settlement Cycle and Phase 2: Instant Settlement Cycle.
In Phase 1, an optional T+0 settlement cycle (for trades till 1:30 PM) is envisaged, with settlement of
funds and securities to be completed on the same day by 4:30 PM.
In Phase 2, an optional immediate trade-by-trade settlement (funds and securities) may be carried out. In
the second phase, trading will be carried out till 3.30 pm.
SEBI has suggested that to begin with, T+0 settlement shall be made available in the top 500 listed
equity shares based on the market capitalisation.
This will be done in three tranches of 200, 200, and 100, from lowest to highest market cap.
As per the consultation paper, the exchanges will have to coordinate to publish a common list of
securities and calendar for migration under T+0 settlement.
The surveillance measures applicable in the T+1 settlement cycle will also apply to securities in the T+0
settlement cycle.
Securities under the trade-for-trade settlement will not be permitted for T+0.
Why is SEBI planning to introduce a shorter settlement cycle?
Over the last few years, Indian securities markets have seen tremendous growth, both in terms of
volumes, value, as well as number of participants, SEBI said in the consultation paper released recently.
This increase in the participation of new investors puts a greater onus on the regulator to make markets
more efficient and safer for its participants, with a special focus on retail participants.
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“The significant evolution of payment systems in the country in recent years coupled with sophisticated
and robust technologies used by Markets Infrastructure Institutions (MIIs) appears to present further
opportunities for advancing the clearing and settlement timelines, on an optional basis,” the regulator
said in the draft paper.
The average Indian has rapidly embraced UPI (Unified Payments Interface) and instant payment
platforms.
This flexibility can be extended to equity dealing as well.
In today’s age, reliability, low cost and high speed of transactions are key features that attract investors
to particular asset classes, the paper said. To that extent, reducing settlement time and hence increasing
the operational efficiency of dealing in Indian securities can further draw and retain investors into this
asset class.
What would be the features of the proposed T+0 settlement mechanism?
It is observed that a high percentage of retail investors bring upfront funds and securities before placing
an order.
For the period June 2023, for around 94 per cent of delivery-based trades with value up to Rs. 1 lakh per
transaction, investors made early pay–in of funds and securities, the consultation paper said.
An instant settlement mechanism would enable instant receipt of funds and securities, vis-a-vis existing
pay-out on T+1 day.
It would eliminate the risk of settlement shortages since both funds and securities will be required to be
available before placing the order.
It will strengthen investor protection by enhancing the control of the investor over the securities and
funds as funds and securities would be credited into the client’s account directly for those who are
trading through blocked amounts using the UPI facility (UPI Clients).
Providing the option for instant settlement will help establish Indian equities as an asset class with the
features of resilience, low cost and time for transaction, superior in all ways to emerging claimants of
alternative asset classes, the paper said.
What are the benefits of the new mechanism?
For clients, the option is expected to provide flexibility in terms of faster pay-out of the funds against the
securities to the sellers and faster pay-out of securities against the funds to the buyers.
For the securities market ecosystem, the option is expected to provide flexibility in terms of faster pay-
out of the funds against the securities to the sellers and faster pay-out of securities against the funds to
the buyers.
Securities and Exchange Board of India (SEBI)
The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity
market in India under the administrative domain of Ministry of Finance within the Government of India.
It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January
1992 through the SEBI Act, 1992.
Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for
regulating the securities market.
It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing
of the SEBI Act 1992 by the Parliament of India.
SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has
Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai, and
Ahmedabad respectively.
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It has opened local offices at Jaipur and Bangalore and has also opened offices at Guwahati,
Bhubaneshwar, Patna, Kochi and Chandigarh in Financial Year 2013–2014.
Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived
authority from the Capital Issues (Control) Act, 1947.
The SEBI is managed by its members, which consists of the following:
The chairman is nominated by the Union Government of India.
Two members, i.e., Officers from the Union Finance Ministry.
One member from the Reserve Bank of India.
The remaining five members are nominated by the Union Government of India, out of them at least
three shall be whole-time members.
After the amendment of 1999
Collective investment schemes were brought under SEBI except nidhis, chit funds and cooperatives.
Madhabi Puri Buch took charge of chairman on 1 March 2022, replacing Ajay Tyagi, whose term ended
on 28 February 2022. Madhabi Puri Buch is the first woman chairperson of SEBI.
QUESTIONS
Fill in the Blank:
1. _________ took charge of chairman of SEBI on 1 March 2022.
2. An instant settlement mechanism would enable instant receipt of funds and securities, vis-a-vis
existing pay-out on _________ day.
3. For the period June 2023, for around 94 per cent of delivery-based trades with value up to
_________ per transaction, investors made early pay–in of funds and securities.
4. SEBI chairman is nominated by the _________ of India.
5. The _________ (SEBI) is the regulatory body for securities and commodity market in India.
6. The Securities and Exchange Board of India (SEBI) is the regulatory body under the administrative
domain of _________ within the Government of India.
7. SEBI was established on _________.
8. Securities and Exchange Board of India (SEBI) was first established in 1988 as a _________ body
for regulating the securities market.
9. SEBI became an _________ body on 30 January 1992 and was accorded statutory powers with the
passing of the _________ by the Parliament of India.
10. SEBI has its headquarters at the business district of Bandra Kurla Complex in _________.
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The accommodation and working areas have superior ergonomics and habitability as compared to its
predecessor classes of destroyers.
Visakhapatnam class of destroyers have multiple fire zones, elaborate battle damage control systems and
distributional power systems for improved survivability and reliability for operating in extreme
operational and conflict scenarios.
The class also has a total atmospheric control system (TACS) that offers protection to the crew from
chemical, biological and nuclear threats.
They are also equipped with a state-of-the-art combat management system that can evaluate threats
using analytical tools and create a tactical picture that includes available resources on board.
This helps to allocate the resources based on the tactical picture compiled and the weapons package
available on board.
The class has a secure network to handle data from all the sensors and weapons systems.
The arsenal of the Visakhapatnam class has BrahMos surface-to-surface cruise missiles and vertically
launched Barak-8 surface-to-air missiles for long-range engagement of shore and sea-based targets.
The forward bow deck of the ship has a 127 mm main gun and also has four AK-630 30 mm guns for
close-point engagement.
The ship is armed with indigenously developed 533 mm torpedo launchers and RBU-6000 anti-
submarine rocket launchers to provide anti-submarine warfare capability.
It can operate two multi-role helicopters, including Sea King or HAL Dhruv. The ship has a rail-less
helicopter traversing and also has a hangar facility.
Strategic Significance
Technically, destroyers are a category of warships that have high speed, manoeuvrability and longer
endurance.
They are designed to be part of naval formations like a fleet or a carrier battle group also known as
carrier strike group.
The modern destroyers that are swift, sleek and difficult to detect, primarily protect the fleets and carrier
battle groups from the short-range attackers from surface, air and sub-surface.
The guided-missile destroyers are the destroyers that are armed with guided missiles for anti-aircraft
warfare, anti-surface operations and anti-submarine warfare.
Because of the speed, manoeuvrability and striking capability, the guided missile destroyers are a key
asset in various types of naval operations, mainly offensive.
Being a follow-on of the Kolkata class, the Visakhapatnam class incorporates not just the feedback and
suggestions from the Navy but also several new features.
The state-of-the-art stealth feature makes Visakhapatnam class have the radar signature of a very small
ship. A very high indigenous component gives this platform a strategic edge.
Visakhapatnam class is arguably one of the most advanced classes of ships in the Indian Navy.
It can operate as an independent offence platform even when not part of a large formation.
With all its modern sensors and communication facilities, the class is a key asset in network-centric
warfare, which denotes the use of information technology and computer networking tools to form
networks of various force elements in play in a conflict scenario.
A tribute to the city of Imphal
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This is a befitting tribute to Manipur’s sacrifices and contributions in India’s freedom struggle, be it the
Anglo-Manipur War of 1891, or Netaji Subash Chandra Bose’s hoisting of the INA flag for the first time
on April 14, 1944 at Moirang, or the pitched Battle of Imphal between British and Imperial Japanese
forces, with Indians on both sides, that turned the tide of the Burma campaign and shaped the outcome
of the Second World War and the new world order.
The commissioning of Imphal, thus, underscores the salience and contribution of the city of Imphal, the
state of Manipur and the larger North-eastern region to national security, sovereignty and prosperity.”
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3. Veer Bal Diwas: Recalling the ‘supreme
sacrifice’ of Guru Gobind Singh’s sons
Every December, Sikhs mark the supreme sacrifice made by the four sons and the mother of their 10th
religious leader, Guru Gobind Singh.
Shaheedi Jor Mela or Shaheedi Sabha are observed in Punjab’s Chamkaur Sahib and Fatehgarh Sahib,
attended by lakhs of people.
The historic battle of Chamkaur in December 1704 was fought here when a small number of Sikhs took
on the huge army of the Mughals and the hill kings.
Guru Gobind Singh’s younger sons, Sahibzada Zorawar Singh (9) and Sahibzada Fateh Singh (7), were
killed following an attack on Anandpur Sahib.
The Guru’s mother Mata Gujari and his two elder sons, Sahibzaada Ajit Singh (18) and Sahibzaada
Jujhar Singh (14), were also killed within a week.
In January 2022, the Centre announced that December 26 would be observed as ‘Veer Bal Diwas’ to
mark the martyrdom of Guru Gobind Singh’s younger sons.
What led to the attack on Anandpur Sahib?
Guru Gobind Singh was raising an army, which caused some concerns among the neighbouring kings.
In 1699, the Guru had established the Khalsa, and the hill kings and the Mughals had perceived this as a
threat.
The hill kings had engaged in several battles with the Sikhs in the last decade of the 17th century but had
been unable to dislodge them from Anandpur Sahib.
The fateful attack of 1704 was led by Mughals, Bilaspur King Bheem Chand and Handuria King Raja
Hari Chand.
They cordoned off Anandpur Sahib with the support from armies of Sirhind, Lahore, Jalandhar,
Malerkotla and Saharnpur. Supplies to Anandpur Sahib were cut off for several months.
It is said that the hill kings took an oath on the cow, and Mughal governors took an oath on the Quran,
after which both sides reached an agreement that there would be no war if Guru Gobind Singh left
Anadpur Sahib.
According to the history published by the Shiromani Gurdwara Parbandhak Committee (SGPC), Guru
Gobind Singh left Anadpur Sahib on December 20, 1704.
However, their opponents violated their oath and the Guru and his followers were attacked near the river
Sarsa, at a distance of about 25 kilometres from Anandpur Sahib.
Battle on the banks of Sarsa
The river is said to have been witnessing floods at the time. Many Sikh soldiers were swept away while
attempting to cross the cold waters.
In the chaos, Guru Gobind Singh’s family was separated, scattering in three directions.
His wife Mata Sahib Kaur and companion Bhai Mani Singh went towards Malwa.
The Guru, his two eldest sons, and 40 other Sikhs moved toward Chamkaur Sahib.
Mata Gujar Kaur and the two younger sons started a journey that ended in Sirhind, located 35 km away
from Chamkaur Sahib.
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Gurdwara Parivaar Vichhora Sahib stands on the spot where the battle of Sarsa took place and the
family was separated.
Guru Gobind Singh and his band of followers were soon surrounded in a castle at Chamkaur Sahib,
where they had taken refuge. The historic battle of Chamkaur was fought, where a small number of
Sikhs took on the huge army of the Mughals and the hill kings. Sahibzada Ajit Singh and Sahibzada
Jujhar Singh both sacrificed their lives in this battle on December 22.
What happened to the Chhote Sahibzade
Sahibzada Zorwar Singh and Sahibzada Fateh Singh, along with their grandmother, were staying in
village Kheri at the house of one Gangu, who had served as a cook for the family.
Gangu, tempted by the gold ornaments and coins Mata Gujari was carrying and the reward announced
by the Mughal governor, handed over the children and their grandmother to Sarhind’s Nawab Wazir
Khan.
The three – the 81-year-old Mata Gujari ji, and the two Sahibzade aged 7 and 9 – were imprisoned in the
Thanda Burj (cold tower), which had a river flowing next to it and was bitterly cold.
When the children were presented in court, they were offered riches and gifts and told to convert to
Islam. They were told their father and elder brothers had been killed in the war. The Sahibzade refused
to convert or to bow to Wazir Khan.
After efforts to make them give up their religion failed, Wazir Khan decided that the boys would be
bricked alive.
There was resistance to this from some Muslim courtiers, like Nawab Sher Khan, who said it was
against Islam to sentence two children to death.
However, Wazir Khan prevailed.
It is said that even as a wall was being erected around them, the Sahibzada stood unflinching.
Two executioners then slit their throats, killing the younger, Sahibzada Fateh Singh, first. On the same
day, Mata Gujari died of shock.
A few years later, Baba Banda Singh Bahadur avenged the execution of the Sahibzade, by attacking,
capturing Sarhand and executing Wazir Khan.
Guru Gobind Singh
Guru Gobind Singh was the tenth and last human Sikh Guru.
He was a warrior, poet, and philosopher.
In 1675, at the age of nine he was formally installed as the leader of the Sikhs after his father Guru Tegh
Bahadur was executed by Emperor Aurangzeb.
His father was the ninth Sikh Guru. His four biological sons died during his lifetime – two in battle and
two executed by the Mughal governor Wazir Khan.
Among his notable contributions to Sikhism are founding the Sikh warrior community called Khalsa in
1699 and introducing the Five Ks, the five articles of faith that Khalsa Sikhs wear at all times.
Guru Gobind Singh is credited with the Dasam Granth whose hymns are a sacred part of Sikh prayers
and Khalsa rituals.
He is also credited as the one who finalized and enshrined the Guru Granth Sahib as Sikhism’s primary
holy religious scripture and the eternal Guru.
Guru Gobind Singh initiated the Five K’s tradition of the Khalsa,
Kesh: uncut hair.
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Kangha: a wooden comb.
Kara: an iron or steel bracelet worn on the wrist.
Kirpan: a sword.
Kacchera: short breeches.
He also announced a code of discipline for Khalsa warriors.
QUESTIONS
Fill in the Blank:
1. Every _________, Sikhs mark the supreme sacrifice made by the four sons and the mother of their
_________ religious leader, Guru Gobind Singh.
2. Guru Gobind Singh was the _________ and _________ human Sikh Guru.
3. In 1675, at the age of nine _________ was formally installed as the leader of the Sikhs after his
father _________ was executed by Emperor Aurangzeb.
4. Guru Gobind Singh is credited with the _________ whose hymns are a sacred part of Sikh prayers
and Khalsa rituals.
5. Among _________ notable contributions to Sikhism are founding the Sikh warrior community
called _________ in 1699.
6. _________ initiated the _________ K’s tradition of the Khalsa.
7. A few years later, _________ avenged the execution of the Sahibzade, by attacking, capturing
Sarhand and executing Wazir Khan.
8. The historic battle of _________ in December 1704 was fought here when a small number of Sikhs
took on the huge army of the Mughals and the hill kings.
9. _________ avenged the execution of the Sahibzade, by attacking, capturing Sarhand and executing
Wazir Khan.
10. _________ was the first Sikh Guru.
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How have the Red Sea attacks impacted freight rates?
Ever since the attacks along the Bab-el-Mandeb Strait began earlier this month, global shipping firms
have begun imposing war risk surcharges over and above the normal freight rates.
Indian exporters said that freight rates for Indian shipments headed to Europe and Africa could surge as
much as 25-30 per cent if the ongoing security concern along the Red Sea trade route continues.
This is troubling, as the European Union is one of India’s second-largest export destinations. Slowing
demand from the region has impacted India’s labour-intensive sectors, such as textiles, gems and
jewellery exports.
Shipping giant Maersk said that it is preparing to resume shipping operations in the Red Sea after the
US-led coalition was deployed in the area to address security concerns.
However, the company added that it would again resort to diverting ship traffic depending on how safety
conditions evolved.
Red Sea
The Red Sea is a seawater inlet of the Indian Ocean, lying between Africa and Asia.
Its connection to the ocean is in the south, through the Bab el Mandeb strait and the Gulf of Aden.
To its north lie the Sinai Peninsula, the Gulf of Aqaba, and the Gulf of Suez (leading to the Suez Canal).
It is underlain by the Red Sea Rift, which is part of the Great Rift Valley.
The Red Sea has a surface area of roughly 438,000 km2 (169,000 sq mi), is about 2,250 km (1,400 mi)
long, and — at its widest point — 355 km (221 mi) wide. It has an average depth of 490 m (1,610 ft),
and in the central Suakin Trough it reaches its maximum depth of 3,040 m (9,970 ft).
Approximately 40% of the Red Sea is quite shallow (less than 100 m (330 ft) deep), and about 25% is
less than 50 m (164 ft) deep.
The extensive shallow shelves are noted for their marine life and corals.
More than 1,000 invertebrate species and 200 types of soft and hard coral live in the sea.
Red Sea is the world’s northernmost tropical sea, and has been designated a Global 200 ecoregion.
Panama Canal
The Panama Canal is an artificial 82-kilometre (51-mile) waterway in Panama that connects the Atlantic
Ocean with the Pacific Ocean, cutting across the Isthmus of Panama, and is a conduit for maritime trade.
Canal locks at each end lift ships up to Gatun Lake, an artificial freshwater lake 26 meters (85 ft) above
sea level, created by damming up the Chagres River and Lake Alajuela to reduce the amount of
excavation work required for the canal, and then lower the ships at the other end.
The Panama Canal shortcut greatly reduces the time for ships to travel between the Atlantic and Pacific
oceans, enabling them to avoid the lengthy, hazardous route around the southernmost tip of South
America via the Drake Passage or Strait of Magellan.
It is one of the largest and most difficult engineering projects ever undertaken.
Colombia, France, and later the United States controlled the territory surrounding the canal during
construction.
France began work on the canal in 1881, but stopped because of lack of investors’ confidence due to
engineering problems and a high worker mortality rate.
The United States took over the project in 1904 and opened the canal in 1914.
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The US continued to control the canal and surrounding Panama Canal Zone until the Torrijos–Carter
Treaties provided for its handover to Panama in 1977.
After a period of joint American–Panamanian control, the canal was taken over by the Panamanian
government in 1999. It is now managed and operated by the Panamanian government-owned Panama
Canal Authority.
The original locks are 33.5 meters (110 ft) wide.
A third, wider lane of locks was constructed between September 2007 and May 2016.
The expanded waterway began commercial operation on June 26, 2016. The new locks allow transit of
larger, NeoPanamax ships.
The American Society of Civil Engineers has ranked the Panama Canal one of the Seven Wonders of the
Modern World.
The canal is threatened by low water levels during drought and due to climate change.
QUESTIONS
Fill in the Blank:
1. The Red Sea is a seawater inlet of the _________, lying between _________ and Asia.
2. _______ sea connection to the ocean is in the south, through the ______ strait and the Gulf of Aden.
3. Amid the recent attacks on ships passing through the _________ trade route in West Asia, one ship
on its way to India was struck by a drone attack on Chemical tanker _________ roughly 200 nautical
miles (370 km) off the coast of Gujarat.
4. The _________ is an artificial 82-kilometre (51-mile) waterway.
5. _________ canal connects the Atlantic Ocean with the _________.
6. _________ canal locks at each end lift ships up to_________, an artificial freshwater lake.
7. Colombia, France, and later the _________ controlled the territory surrounding the canal during
construction.
8. The US continued to control the canal and surrounding Panama Canal Zone until the _________
Treaties provided for its handover to Panama in 1977.
9. The American Society of Civil Engineers has ranked the Panama Canal one of the _________
Wonders of the Modern World.
10. To _________ north lie the_________, the Gulf of Aqaba, and the Gulf of Suez (leading to the Suez
Canal).
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Award wapsi not new
Shivaram Karanth
Shivaram Karanth was born on October 10, 1902 in Kota in the Udupi district of Karnataka.
He wrote about 50 novels, including Mookajjiya Kanasugalu which won him the Jnanpith Award. He
also wrote around 30 plays.
But apart from celebrated novelist and playwright, Karanth went on to don many hats.
He was responsible for the rejuvenation of Yakshagana, a performing folk art of coastal Karnataka.
His treatise, Yakshagana Bayalata, won him the Kendriya Sahitya Akademi award in 1958.
Karanath wrote volumes on science, particularly for children.
He was also a passionate advocate of environmental causes, and even contested the 1989 elections from
Karwar on a green plank.
He passed away on December 9, 1997, at the age of 95.
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Padma awards
Padma Awards were instituted in the year 1954.
Except for brief interruptions during the years 1978 to 1979 and 1993 to 1997, these awards have been
announced every year on Republic Day.
The award is given in three categories: Padma Vibhushan, Padma Bhushan and Padma Shri, in
decreasing order of precedence.
Padma Vibhushan is awarded for “exceptional and distinguished service”.
Padma Vibhushan is the second (2nd)- highest civilian award in India.
Padma Bhushan is awarded for “distinguished service of a high order”.
Padma Bhushan is the third (3rd)- highest civilian award in India.
Padma Shri is awarded for “distinguished service”. Padma Shri is the fourth (4th)- highest civilian award
in India.
Unlike national honours, the Padma awards do not include cash allowances, benefits, or special
concessions in rail/air travel.
Per a December 1995 judgment of the Supreme Court of India, no titles or honorifics are associated with
the Bharat Ratna or any of the Padma awards; honourees cannot use them or their initials as suffixes,
prefixes or pre- and post-nominals attached to the awardee’s name.
This includes any such use on letterheads, invitation cards, posters, books etc. In the case of any misuse,
the awardee will forfeit the award, and he or she is cautioned against any such misuse upon receiving the
honour.
The decoration comprises a sanad (Certificate) issued under the hand and seal of the President and a
medal.
The recipients are also given a replica of the medal, which they can wear during any ceremonial/State
functions etc., if they desire.
A commemorative brochure giving out brief details in respect of each award winner is also released on
the day of the investiture ceremony.
Selection process
These awards seek to recognize work of any distinction, and are given for distinguished and exceptional
achievements/service in all fields of activities/disciplines, such as art, literature and education, sports,
medicine, social work, science and engineering, public affairs, civil service, trade and industry, etc.
All persons without distinction of race, occupation, position or sex are eligible for these awards.
In 2015, the government decided to end the practice of ministers recommending names for Padma
awards and replaced it with any Indian citizen recommending a person for Padma awards online.
The government said that this was done with the belief that every citizen has something to contribute to
the nation and that contribution should be integrated with the country’s growth.
Accordingly, several hitherto unknown citizens were awarded Padma awards in 2017. The role of the
state governments was also minimised.
Annulment of awards
While there are no specific criteria for withdrawing a Padma award, the President of India, per the
awards’ statutes, may cancel and annul any award in the case of any misconduct committed by the
recipient.
At least three awards of the Padma Shri have been so annulled, twice in 1958 for recipients residing in
the state of Punjab and once in 1974 for a recipient residing in the state of Gujarat.
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QUESTIONS
Fill in the Blank:
1. Per a December 1995 judgment of the Supreme Court of India, no titles or honorifics are associated
with the _________ or any of the _________ honourees cannot use them or their initials as suffixes,
prefixes or pre- and post-nominals attached to the awardee’s name.
2. _________ wrote about 50 novels, including _________ which won him the Jnanpith Award.
3. _________ most notable work, Maila Aanchal, is considered aming the foremost works of Hindi
literature.
4. In 1984, poet and novelist Khushwant Singh returned his Padma Bhushan, awarded in 1974, to
protest _________ at the Golden Temple.
5. In _________, the government decided to end the practice of ministers recommending names for
_________.
6. Wrestler Bajrang Punia said he was returning his _________, India’s fourth-highest civilian award.
7. The award is given in three categories: _________, Padma Bhushan and Padma Shri, in decreasing
order of precedence.
8. _________ is awarded for “exceptional and distinguished service”.
9. Padma Bhushan is the _________ highest civilian award in India.
10. Renu and Karanth were not the only writers to give up their awards in protest against the _________
government.
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The PIL and court observation
The PIL was filed by a Rairangpur-based advocate Akshaya Kumar Mohanty, seeking a separate district
status for Rairangpur in Mayurbhanj district. The matter was heard by a division bench comprising
acting chief justice BR Sarangi and Justice MS Raman.
The court observed that with regard to the power of formation of new districts, except the report of the
Justice Raj Kishore Das Committee (district reorganization committee), 1975 and the Cabinet Sub-
Committee Report of 1991, nothing is made available or placed on record as to how to re-organise a
district.
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The State government’s request is sent to other departments and agencies such as the Ministry of Earth
Sciences, Intelligence Bureau, Department of Posts, Geographical Survey of India Sciences and the
Railway Ministry seeking clearance.
A no-objection certificate may be issued after examining their replies.
Filing a PIL under article 32, 226 Constitution of India or section 133 Cr. P. C.
The court must be satisfied that the Writ petition fulfills some basic needs for PIL as the letter is
addressed by the aggrieved person, public spirited individual and a social action group for the
enforcement of legal or Constitutional rights to any person who are not able to approach the court for
redress.
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4. The _________ has no role to play in the alteration of districts or creation of new ones. States are
free to decide.
5. Though the 2021 Census is yet to happen, Know India, a website run by the Government of India,
says currently there are _________ districts in the country.
6. The chief instrument through which judicial activism has flourished in India is _________.
7. Before _________ the judiciary and the Supreme Court of India entertained litigation only from
parties affected directly or indirectly by the defendant.
8. PIL refers to litigation undertaken to secure public interest and demonstrates the availability of
justice to socially-disadvantaged parties and was introduced by _________ and Justice V.R. Krishna
Iyer.
9. PIL heard and decided cases only under its _________ and _________ jurisdictions.
10. According to the 2011 Census, there were _________ districts in the country.
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This symbolism serves as a powerful tool to forge and renew ties between India and the nation of its
invitee, having greater political and diplomatic significance as well.
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Ambassador Singh recounted an incident where the aide-de-camp or ADC (a personal assistant or
secretary to a person of high rank) of the Republic Day chief guest attempted to accompany the chief
guest for the inspection of the guard of honour.
“But in our practice, only the commander of the Tri-Services Guard accompanies the visitor, and the
insistent ADC had to be physically restrained by officials present at the spot.”
Emmanuel Macron
Emmanuel Jean-Michel Frédéric Macron is a French politician who has been President of France since
2017. Macron is ex officio one of the two Co-Princes of Andorra.
He previously was Minister of Economics, Industry and Digital Affairs under President François
Hollande from 2014 to 2016, and as Deputy Secretary-General to the President from 2012 to 2014.
He is a founding member of Renaissance.
Born in Amiens, Macron studied philosophy at Paris Nanterre University, later completing a master’s
degree in public affairs at Sciences Po and graduating from the École nationale d’administration in 2004.
He worked as a senior civil servant at the Inspectorate General of Finances and later became an
investment banker at Rothschild & Co.
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QUESTIONS
Fill in the Blank:
1. The first and 1950 state guest of honour for Republic Day celebrations in New Delhi was
_________.
2. The 2024 Republic day will be the _________ republic day.
3. Currency of European Union is _________.
4. The longest river that flows through Europe is _________.
5. The Currency of France is _________.
6. _________ is a French politician who has been President of France since 2017.
7. _________ is a founding member of Renaissance.
8. Since _________ India has been hosting head of state or government of another country as the state
guest of honour for Republic Day celebrations in New Delhi.
9. During 1950–1954, Republic Day celebrations were organised at _________.
10. During 1950s–1970s, a number of _________ and Eastern Bloc countries were hosted by India.
An inspired mind
By 1910, Ramanujan was gaining popularity in Madras’ mathematical circles.
In 1912, V Ramaswamy Iyer, founder of the Indian Mathematical Society, helped him get a clerical
position at the Madras Port Trust.
For the first time, Ramanujan secured a stable income. But mathematics was still his first calling.
At his office, he would quickly complete his work, and then spend his spare time doing mathematical
research.
Eventually, Ramanujan began sending his work to mathematicians in Britain.
His breakthrough arrived in 1913, when the Cambridge-based GH Hardy wrote back.
Impressed with Ramanujan’s theorems and work related to infinite series, Hardy called him to London.
He would depart for Britain in 1914, and with Hardy’s help, got enrolled in Trinity College, Cambridge.
He would spend nearly five years in Cambridge, collaborating with Hardy and JE Littlewood.
Ramanujan’s lack of formal training was made up by his intuition, and inspired thinking.
As Hardy would later say: “He combined a power of generalisation, a feeling for form, and a capacity
for rapid modification of his hypotheses, that were often really startling, and made him, in his own
peculiar field, without a rival in his day.”
In 1917, Ramanujan was elected to be a member of the London Mathematical Society.
In 1918, he also became a Fellow of the Royal Society, becoming one of the youngest to ever achieve
the feat.
However, Ramanujan remained plagued with illness for much of his time in Britain.
Unable to adjust to the diet and climate of the island nation, he would eventually return to India in 1919.
He passed away a year later.
An enduring legacy
Ramanujan’s genius, Hardy once said, was at par with Euler and Jacobi, the greatest modern
mathematical minds in the West.
American Mathematician Bruce C Berndt, best known for analysing and developing Ramanujan’s
theories, wrote about how Hardy rated mathematicians.
“Suppose that we rate mathematicians on the basis of pure talent on a scale from 0 to 100. Hardy gave
himself a score of 25, JE Littlewood 30, David Hilbert 80 and Ramanujan 100.”
His work in number theory is especially regarded, and he made advances in the partition function.
Ramanujan was recognised for his mastery of continued fractions, and had worked out the Riemann
series, elliptic integrals, hypergeometric series, and the functional equations of the zeta function.
After his death, Ramanujan left behind three notebooks and some pages containing unpublished results,
on which mathematicians continued to work on for many years.
In 2012, then Prime Minister Manmohan Singh declared December 22 as National Mathematics Day in
honour of the great man.
Abel Prize
The Abel Prize is awarded annually by the King of Norway to one or more outstanding mathematicians.
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It is named after the Norwegian mathematician Niels Henrik Abel (1802–1829) and directly modeled
after the Nobel Prizes.
It comes with a monetary award of 7.5 million Norwegian kroner (NOK; increased from 6 million NOK
in 2019).
The Abel Prize’s history dates back to 1899, when its establishment was proposed by the Norwegian
mathematician Sophus Lie when he learned that Alfred Nobel’s plans for annual prizes would not
include a prize in mathematics.
In 1902, King Oscar II of Sweden and Norway indicated his willingness to finance the creation of a
mathematics prize to complement the Nobel Prizes, but the establishment of the prize was prevented by
the dissolution of the union between Norway and Sweden in 1905.
It took almost a century before the prize was finally established by the Government of Norway in 2001,
and it was specifically intended “to give the mathematicians their own equivalent of a Nobel Prize.”
The laureates are selected by the Abel Committee, the members of who are appointed by the Norwegian
Academy of Science and Letters.
The award ceremony takes place in the aula of the University of Oslo, where the Nobel Peace Prize was
awarded between 1947 and 1989.
The Abel Prize board has also established an Abel symposium, administered by the Norwegian
Mathematical Society, which takes place twice a year.
In 2019, Karen Uhlenbeck became the first woman to win the Abel Prize, with the award committee
citing “the fundamental impact of her work on analysis, geometry and mathematical physics.
The Bernt Michael Holmboe Memorial Prize was created in 2005. Named after Abel’s teacher, it
promotes excellence in teaching.
Funding
The Norwegian Government gave the prize an initial funding of NOK 200 million (about €21.7 million)
in 2001.
Previously, the funding came from the Abel foundation, but today the prize is financed directly through
the national budget.
The funding is controlled by the Board, which consists of members elected by the Norwegian Academy
of Science and Letters.
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QUESTIONS
Fill in the Blank:
1. American Mathematician _________, best known for analysing and developing Ramanujan’s
theories, wrote about how Hardy rated mathematicians.
2. In 1912, V Ramaswamy Iyer, founder of the Indian Mathematical Society, helped him get a clerical
position at the _________.
3. In 1917, Ramanujan was elected to be a member of the _________.
4. _________ the birth anniversary of legendary mathematician Srinivasa Ramanujan is celebrated as
National Mathematics Day.
5. The Abel Prize is awarded annually by the _________ to one or more outstanding mathematicians.
6. _________ is named after the _________ mathematician Niels Henrik Abel and directly modeled
after the Nobel Prizes.
7. In 1902, King Oscar II of Sweden and Norway indicated his willingness to finance the creation of a
_________ prize to complement the _________.
8. The Norwegian Government gave the prize an initial funding of _________ in 2001.
9. The award ceremony takes place in the aula of the _________, where the Nobel Peace Prize was
awarded between 1947 and 1989.
10. The Abel Prize Funding is controlled by the Board, which consists of members elected by the
_________.
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Volcanoes can be on land and in the ocean. They are formed when material significantly hotter than its
surroundings is erupted onto the surface of the Earth.
The material could be liquid rock (known as “magma”, when it’s underground and “lava” when it breaks
through the surface), ash, and/or gases.
The rise of magma can take place in three different ways, according to NASA. First, when tectonic
plates — massive, irregularly shaped slabs of solid rock that carry both continents and oceans and are
constantly in motion — move away from each other.
“The magma rises up to fill in the space. When this happens underwater volcanoes can form,” it added.
Second, when the plates move towards each other. “When this happens, part of Earth’s crust can be
forced deep into its interior. The high heat and pressure cause the crust to melt and rise as magma,”
NASA said.
Third is how magma rises at the hotspots — hot areas inside of the Earth, where magma gets heated up.
As magma gets warmer, it becomes less dense, leading to its rise.
Ring of Fire
The Ring of Fire or the Circum-Pacific belt is a tectonic belt of volcanoes and earthquakes, about 40,000
km (25,000 mi) long and up to about 500 km (310 mi) wide, which surrounds most of the Pacific Ocean.
The exact number of volcanoes within the Ring of Fire is not universally agreed but, depending on
which regions are included in any particular count, it contains between 750 and 915 active or dormant
volcanoes, around two-thirds of the world total.
About 90% of the world’s earthquakes, including most of its largest, occur within the belt.
The Ring of Fire is not a single geological structure. It was created by the subduction of different
tectonic plates at convergent boundaries around the Pacific Ocean.
These include: the Antarctic, Nazca and Cocos plates subducting beneath the South American Plate; the
Pacific and Juan de Fuca plates beneath the North American Plate; the Philippine plate beneath the
Eurasian plate; and a complex boundary between the Pacific and Australian Plate.
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The inclusion of some areas in the Ring of Fire, such as the Antarctic Peninsula and western Indonesia,
is disputed.
The interactions at these plate boundaries have formed oceanic trenches, volcanic arcs, back-arc basins
and volcanic belts.
The Ring of Fire has existed for more than 35 million years but subduction has existed for much longer
in some parts of the Ring; many older extinct volcanoes are located within the Ring.
More than 350 of the Ring of Fire’s volcanoes have been active in historical times, while the four largest
volcanic eruptions on Earth in the Holocene epoch all occurred at volcanoes in the Ring of Fire.
Most of Earth’s active volcanoes with summits above sea level are located in the Ring of Fire.
Many of these subaerial volcanoes are stratovolcanoes (e.g. Mount St Helens), which are formed by
explosive eruptions of tephra, alternating with effusive eruptions of lava flows.
Lavas at the Ring of Fire’s stratovolcanoes are mainly andesite and basaltic andesite but dacite, rhyolite,
basalt and some other rarer types also occur.
Other types of volcano are also found in the Ring of Fire, such as subaerial shield volcanoes (e.g. Plosky
Tolbachik), and submarine seamounts (e.g. Monowai).
Iceland
Iceland is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic
Ridge between North America and Europe.
It is linked culturally and politically with Europe, and is the region’s most sparsely populated country.
Its capital and largest city is Reykjavík, which is home to about 36% of the country’s roughly 380,000
residents.
The official language of the country is Icelandic.
Located on a rift between tectonic plates, Iceland’s geologic activity includes geysers and frequent
volcanic eruptions.
The interior consists of a volcanic plateau characterised by sand and lava fields, mountains, and glaciers,
and many glacial rivers flow to the sea through the lowlands.
Iceland is warmed by the Gulf Stream and has a temperate climate, despite a latitude just south of the
Arctic Circle. Its high latitude and marine influence keep summers chilly, and most of its islands have a
polar climate.
According to the ancient manuscript Landnámabók, the settlement of Iceland began in 874 AD when the
Norwegian chieftain Ingólfr Arnarson became the first permanent settler on the island.
In the following centuries, Norwegians, and to a lesser extent other Scandinavians, immigrated to
Iceland, bringing with them thralls (i.e., slaves or serfs) of Gaelic origin.
The island was governed as an independent commonwealth under the native parliament, the Althing, one
of the world’s oldest functioning legislative assemblies.
Following a period of civil strife, Iceland acceded to Norwegian rule in the 13th century.
The establishment of the Kalmar Union in 1397 united the kingdoms of Norway, Denmark, and Sweden.
Iceland thus followed Norway’s integration into that union, coming under Danish rule after Sweden
seceded from the union in 1523.
The Danish kingdom forcefully introduced Lutheranism to Iceland in 1550.
Influenced by ideals of nationalism after the French Revolution, Iceland’s struggle for independence
took form and culminated in the Danish–Icelandic Act of Union in 1918, with the establishment of the
Kingdom of Iceland, sharing through a personal union the incumbent monarch of Denmark.
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During the occupation of Denmark in World War II, Iceland voted overwhelmingly to become a
republic in 1944, thus ending the remaining formal ties with Denmark.
Although the Althing was suspended from 1799 to 1845, the island republic nevertheless holds a claim
to sustaining one of the longest-running parliaments in the world.
Until the 20th century, Iceland relied largely on subsistence fishing and agriculture. Industrialization of
the fisheries and Marshall Plan aid following World War II brought prosperity, and Iceland became one
of the wealthiest and most developed nations in the world.
It became a part of the European Economic Area in 1994; this further diversified the economy into
sectors such as finance, biotechnology, and manufacturing.
Iceland has a market economy with relatively low taxes, compared to other OECD countries, as well as
the highest trade union membership in the world.
It maintains a Nordic social welfare system that provides universal health care and tertiary education for
its citizens.
Iceland ranks highly in international comparisons of national performance, such as quality of life,
education, protection of civil liberties, government transparency, and economic freedom.
Icelandic culture is founded upon the nation’s Scandinavian heritage. Most Icelanders are descendants of
Norse and Gaelic settlers.
Icelandic, a North Germanic language, is descended from Old West Norse and is closely related to
Faroese.
The country’s cultural heritage includes traditional Icelandic cuisine, Icelandic literature, and medieval
sagas. Iceland has the smallest population of any NATO member and is the only one with no standing
army, possessing only a lightly armed coast guard.
QUESTIONS
Fill in the Blank:
1. The type of volcano depends on the viscosity of the _________.
2. About _________ of the world’s earthquakes, including most of its largest, occur within the belt.
3. The volcano, which is known as _________ and located on the _________ peninsula in southwest
Iceland.
4. The Ring of Fire is a tectonic belt of volcanoes and earthquakes, about 40,000 km (25,000 mi) long
and up to about 500 km (310 mi) wide, which surrounds most of the _________.
5. The establishment of the Kalmar Union in 1397 united the kingdoms of Norway, Denmark, and
_________.
6. Iceland is a Nordic island country between the _________ and Arctic Oceans.
7. Iceland capital and largest city is _________.
8. The official language of Iceland is _________.
9. The Current Currency of Iceland is _________.
10. The present Prime Minister of Iceland is _________.
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