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Monthly Archives: September 2025

News In Short – 4 September, 2025

In News

  • Indian Navy ships INS Tir, INS Shardul, and Indian Coast Guard ship ICGS Sarathi, comprising the First Training Squadron (1TS), arrived  in Seychelles.

    • Seychelles 

  • Seychelles is an archipelago of 115 islands.
  • It is located east of Kenya and  northeast of Madagascar. 
  • The capital, Victoria, is situated on the island of Mahé.
  • It holds strategic importance for India due to its location along key maritime routes. 

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    Supreme Court Order on Regulatory Assets of DISCOM 

    Context

  • The Supreme Court recently directed the State Electricity Regulatory Commissions (SERCs) and distribution companies (DISCOMs) to clear their accumulated regulatory assets within a fixed timeframe.

    • What are regulatory assets?

  • Regulatory assets are the unrecoverable revenue gap due to the difference between the average cost of supply (ACS), the expense incurred by a DISCOM to deliver a unit of electricity to consumers, and the Annual Revenue Requirement (ARR).
  • ARR is the revenue collected by the DISCOM as consumer tariffs and subsidy payments from the government.
  • Instead of immediately raising tariffs, regulators allow DISCOMs to carry forward these shortfalls and recover them from consumers at a later date.
  • While this prevents sudden tariff hikes, it builds up hidden liabilities that burden both consumers and DISCOMs over time.

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    Majorana Particle

    Context

  • Majorana particles are seen as a potential solution to the problem of decoherence in quantum computers, offering inherently stable and noise-resistant qubits.

    • Majorana Particle

  • Majorana particles, or Majorana fermions, are hypothesized particles that are their own antiparticles.
  • Due to their self-antiparticle nature, they cannot carry an electric charge.
  • In 1937, physicist Ettore Majorana proposed the existence of the Majorana  Particle.
  • No fundamental Majorana particle has been directly found yet, but scientists have created quasiparticles in special superconducting materials that behave like Majoranas.

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    Banking Industry: A Pillar of India’s Growth Story

    Context

  • Recently, the President of India underscored the transformative role of India’s banking sector in shaping the nation’s economic trajectory.

    • About the Banking Industry in India

  • India’s banking sector is a financial intermediary, primary conduit for credit delivery, liquidity modulation, financial inclusion, and serves as the operational backbone of macroeconomic management.
  • Cooperative and Local Area Banks: Serve niche markets and rural populations.
  • Development Financial Institutions: Such as NABARD, SIDBI, and IDBI, cater to agriculture, small industries, and infrastructure.
  • Non-Banking Financial Companies (NBFCs): Over 9,000 registered entities support credit delivery to underserved segments.

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    Empowered Women are Foundation of Viksit Bharat

    Context

  • PM Modi launched the Bihar Rajya Jeevika Nidhi Saakh Sahkari Sangh Limited, highlighting that “empowered women are the foundation of Viksit Bharat.”

    • About Jeevika Nidhi Saakh Sahkari Sangh Limited

  • Jeevika Nidhi is a state-level cooperative financial institution established to support women entrepreneurs in Bihar.
  • Objective: To provide timely credit at lower interest rates, reducing dependence on microfinance institutions (MFIs) that charge 18%–24%.
  • Membership: All registered cluster-level federations of Jeevika SHGs will be part of the Society.
  • Financing: Both the Government of Bihar and the Central government will contribute funds.

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    EAM Pushes for EU-India FTA

    Context

  • India and Germany recently committed to doubling trade and expediting efforts to complete the India-European Union Free Trade Agreement (FTA) under negotiation.

    • India-EU Free Trade Agreement

  • Negotiation Resumption: Talks resumed in 2022 after 8-years, talks stalled in 2013 due to market access disagreements.
  • Objective: To finalize a comprehensive trade agreement covering goods, services, investments, and geographical indications.
  • Negotiation Structure: The agreement will be concluded in two phases, following India’s phased approach used in previous FTAs (e.g., with Australia).
  • This is partly due to the volatile global trade environment, including US tariff actions.

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    India’s Maritime Reforms: A Call for Course Correction

    Recent passage of the several bills and acts related to India’s maritime governance are intended to align India’s maritime framework with global standards, but carry significant concerns regarding federalism, ownership safeguards, and burdens on smaller players.

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