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■ International Finance Corporation (IFC)
◇ Context: The International Finance Corporation (IFC), the private sector arm of The World Bank, has said it will stop supporting investments in new coal projects.
◇ Previously, in 2020, IFC had unveiled a policy requiring clients to reduce their exposure to coal projects by half by 2025, and to zero by 2030, but did not prevent new investments.
□ Status of IFC lending in India
◇ It has lent close to $5 billion to almost 88 financial institutions in India.
• Promotion and establishment of rule of law, freedom of navigation and free trade.
• Pursuit of economic prosperity.
• Commitment to peace and stability (capacity building on maritime law enforcement, HA/DR cooperation, etc.)
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■ Upward lightning
◇ Context: Brazilian researchers recently captured high-speed video footage of positive upward discharges of electricity from lightning conductor rods in São José dos Campos
□ What is Upwards lightning?
◇ Upward lightning is a phenomenon where lightning streaks develop from tall objects that travel upward toward electrified storm clouds (opposite to normal Lightening)
□ How does it happen?
◇ Upward lightning occurs when there is a tall object, such as a building or a lightning rod, on the ground and there is an electrically charged storm cloud overhead.
◇ The tall object creates a strong electric field near the ground, and this can initiate a channel of ionized air, called an upward leader, which moves upward from the object towards the cloud.
◇ When this upward leader connects with a downward-moving stepped leader from the cloud, it completes the circuit, and a discharge of electricity flows from the cloud to the ground.
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■ India’s first cloned desi Gir female calf Ganga
◇ Context: The National Dairy Research Institute ( est. 1956, under ICAR, based in Haryana’s Karnal) has produced the first-ever clone of a calf belonging to the indigenous Gir cow breed. The calf has been named Ganga.
□ Process:
◇ Scientists used three animals for producing this calf: Oocyte was taken from the Sahiwal breed, a somatic cell from the Gir breed, and a surrogate animal was a crossbreed.
□ What is Reproductive cloning?
◇ Reproductive cloning is a process by which an exact genetic replica, or clone, of an existing organism, is created through a type of cloning called somatic cell nuclear transfer (SCNT).
◇ This involves removing the nucleus of an egg cell and replacing it with the nucleus of a somatic cell (a non-reproductive cell) from the organism to be cloned.
■ India’s first cloned desi Gir female calf Ganga
◇ Context: The National Dairy Research Institute ( est. 1956, under ICAR, based in Haryana’s Karnal) has produced the first-ever clone of a calf belonging to the indigenous Gir cow breed. The calf has been named Ganga.
□ Process:
◇ Scientists used three animals for producing this calf: Oocyte was taken from the Sahiwal breed, a somatic cell from the Gir breed, and a surrogate animal was a crossbreed.
□ What is Reproductive cloning?
◇ Reproductive cloning is a process by which an exact genetic replica, or clone, of an existing organism, is created through a type of cloning called somatic cell nuclear transfer (SCNT).
◇ This involves removing the nucleus of an egg cell and replacing it with the nucleus of a somatic cell (a non-reproductive cell) from the organism to be cloned.
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■ FERNARIUM
◇ Context: Eravikulam National Park (ENP), the natural habitat of Nilgiri tahr in Munnar, has a new attraction — a Fernarium set up inside the park.
□ Fernarium:
◇ A fernarium is a type of botanical garden or greenhouse that specializes in cultivating and displaying various species of ferns.
◇ Ferns are part of the Epiphytic family. They grow naturally in a soilless condition. The plants obtain water and nutrients through leaching from trees.
◇ Ferns are a diverse group of plants that do not produce flowers or seeds but instead reproduce through spores.
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■ SNAP-10A
◇ Context: Launched on April 3, 1965, SNAP-10A was the world’s first operational nuclear reactor in space. While it still remains in orbit, it was operational for just 43 days.
□ About nuclear reactors:
◇ A class of devices that contain and control sustained nuclear chain reactions, these systems are at the heart of any nuclear power plant.
□ Nuclear Reactor in Earth orbit:
◇ The U.S.’ first and only known space nuclear reactor, the SNAP-10A was the result of the government-sponsored System for Nuclear Auxiliary Power (SNAP) programme, also known as SNAPSHOT for Space Nuclear Auxiliary Power Shot.
◇ The SNAP reactors had liquid sodium-potassium alloy as the coolant. A thermoelectric enriched uranium fuel with zirconium hydride as a moderator converter was used to directly convert heat from the reactor into electricity.
◇ Russia has sent quite a few of them, including one that crashed and scattered radioactive debris over Canada in 1978.
■ Sagar Setu Mobile App
◇ Context: The App Version of the National Logistics Portal (Marine), named ‘Sagar-Setu’, has been launched by Ministry for Ports, Shipping and Waterways.
◇ Aim: The app will provide real-time information on vessel-related information, gate, container freight stations, and transactions, enabling digital transactions for payments.
◇ Benefits: The app will boost maritime trade, enhance the economy of the country, and increase the visibility of operations and tracking.
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✅PRE-PAREEKSHAN 2024, All India (Free) Prelims Mock Test Series, is starting from 17th Feb to give you UPSC level practice.
■ Sebi’s SCORES platform
◇ Context: In May, Sebi’s SCORES platform resolved 2,457 complaints against companies and market intermediaries.
□ About SCORES:
◇ SEBI’s Complaints Redress System (SCORES) portal encourages investors to lodge their complaints on SCORES instead of sending physical letters. SCORES doesn’t deal with complaints against companies including Unlisted/delisted companies, sick companies or a company where a moratorium order is passed, or where the company is struck off by the Registrar of Companies (RoC).
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■ Japan to connect landlocked North East with Bangladesh
◇ Context: Landlocked Northeast India may soon get a trade gateway through Matarbari deep sea port in Bangladesh being constructed by Japan, under its Free and Open Indo-Pacific strategy
□ About the News:
• Bay of Bengal Industrial Growth Belt (BIG-B) initiative: Through this initiative, Japan is helping Bangladesh develop infrastructure and Industrial Belt along Dhaka-Chittagong-Cox’s Bazar belt area and beyond.
• India-Japan Act East Forum (AEF): Through this, Japan has been supporting the development of India’s North East through connectivity to Bangladesh and Southeast Asia.
□ About Japan’s Indo-Pacific strategy: Japan will promote the Bay of Bengal-Northeast India industrial value chain concept to foster the growth of the entire region. The strategy consists of three pillars:
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■ Upward lightning
◇ Context: Brazilian researchers recently captured high-speed video footage of positive upward discharges of electricity from lightning conductor rods in São José dos Campos
□ What is Upwards lightning?
◇ Upward lightning is a phenomenon where lightning streaks develop from tall objects that travel upward toward electrified storm clouds (opposite to normal Lightening)
□ How does it happen?
◇ Upward lightning occurs when there is a tall object, such as a building or a lightning rod, on the ground and there is an electrically charged storm cloud overhead.
◇ The tall object creates a strong electric field near the ground, and this can initiate a channel of ionized air, called an upward leader, which moves upward from the object towards the cloud.
◇ When this upward leader connects with a downward-moving stepped leader from the cloud, it completes the circuit, and a discharge of electricity flows from the cloud to the ground.