{"id":11800,"date":"2021-06-24T00:00:00","date_gmt":"2021-06-24T00:00:00","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/uncategorized\/24-06-2021\/facts-in-news\/"},"modified":"2024-05-07T14:51:56","modified_gmt":"2024-05-07T09:21:56","slug":"facts-in-news","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/24-06-2021\/facts-in-news","title":{"rendered":"Facts in News"},"content":{"rendered":"
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Facts in News<\/u><\/strong><\/span><\/span><\/span><\/span><\/h2>\n<\/td>\n<\/tr>\n

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Passage Exercise<\/span><\/span><\/span><\/h3>\n<\/td>\n

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  • Recently, the Indian Air Force (IAF) and Indian Navy participated in a <\/span><\/span><\/span>Passage Exercise or PASSEX <\/strong><\/span><\/span><\/span>with a <\/span><\/span><\/span>US carrier strike group (CSG) <\/strong><\/span><\/span><\/span>in the Indian Ocean for two days.<\/span><\/span><\/span>\n
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    • A <\/span><\/span><\/span>passage exercise<\/strong><\/span><\/span><\/span> is normally undertaken whenever an opportunity arises, in contrast to <\/span><\/span><\/span>pre-planned maritime drills<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • The INS Kochi and Teg, along with <\/span><\/span><\/span>P8I and MiG-29K aircraft participated<\/strong><\/span><\/span><\/span> in a \u2018Passage Exercise\u2019 with<\/span><\/span><\/span> US Navy CSG Ronald Reagan<\/strong><\/span><\/span><\/span> during its transit through Indian Ocean Region\u201d.<\/span><\/span><\/span>\n
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      • High tempo operations during the exercise include advanced air defence exercises, cross-deck helicopter operations and anti-submarine exercises.\u00a0<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

        Objectives\u00a0<\/u><\/strong><\/span><\/span><\/span><\/p>\n

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        • The two-day exercise <\/span><\/span><\/span>aims to strengthen the bilateral relationship<\/strong><\/span><\/span><\/span> and <\/span><\/span><\/span>cooperation<\/strong><\/span><\/span><\/span> by demonstrating the ability to<\/span><\/span><\/span> integrate and coordinate<\/strong><\/span><\/span><\/span> comprehensively in maritime operations.<\/span><\/span><\/span><\/li>\n
        • It will endeavour to <\/span><\/span><\/span>hone their war-fighting skills<\/strong><\/span><\/span><\/span> and <\/span><\/span><\/span>enhance their interoperability<\/strong><\/span><\/span><\/span> as an integrated force to promote peace, security and stability in the maritime domain.<\/span><\/span><\/span><\/li>\n<\/ul>\n

          Indo-US Exercises<\/u><\/strong><\/span><\/span><\/span><\/p>\n

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          • Yudh Abhyas (Army)<\/span><\/span><\/span><\/li>\n
          • Vajra Prahar (Army)<\/span><\/span><\/span><\/li>\n
          • Cope India (Air Force)<\/span><\/span><\/span><\/li>\n
          • Malabar Exercise (Trilateral naval exercise between India, USA and Japan)<\/span><\/span><\/span><\/li>\n
          • Red Flag (USA\u2019s Multilateral Air exercise)<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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International Olympic Day 2021<\/span><\/span><\/span><\/h3>\n<\/td>\n

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  • Every year on 23 June, <\/span><\/span><\/span>International Olympic Day<\/strong><\/span><\/span><\/span> is observed across the world to mark the<\/span><\/span><\/span> importance of games<\/strong><\/span><\/span><\/span> and sports in our lives and to promote <\/span><\/span><\/span>participation in games<\/strong><\/span><\/span><\/span> and sports across the world, irrespective of age, gender, caste, or religion,\u00a0<\/span><\/span><\/span>\n
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    • The day was initially observed to <\/span><\/span><\/span>promote the idea of the Olympics <\/strong><\/span><\/span><\/span>and to <\/span><\/span><\/span>celebrate the establishment of the International Olympic Committee (IOC).<\/strong><\/span><\/span><\/span>\u00a0<\/span><\/span><\/span><\/li>\n
    • This committee was formed on 23 June 1894 in Sorbonne, Paris.\u00a0<\/span><\/span><\/span><\/li>\n
    • The first Olympic Day was celebrated on <\/span><\/span><\/span>23 June 1948.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
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      • Athletes from every nation participate in sports activities, such as runs, exhibitions, music, and educational seminars on this day.<\/span><\/span><\/span><\/li>\n<\/ul>\n

        \u00a0<\/strong><\/span><\/span><\/span>Olympic Games<\/u><\/strong><\/span><\/span><\/span><\/p>\n

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        • They are the <\/span><\/span><\/span>largest sporting celebration <\/strong><\/span><\/span><\/span>in terms of the number of sports on the programme and the number of athletes present\u00a0<\/span><\/span><\/span><\/li>\n
        • \u00a0It is organised every four years, they include summer and a winter edition.<\/span><\/span><\/span><\/li>\n
        • Athletes from all 206 National Olympic Committees and the IOC Olympic Refugee Team are<\/span><\/span><\/span> eligible to compete<\/strong><\/span><\/span><\/span> in a wide range of sporting disciplines and events, watched by a worldwide audience.<\/span><\/span><\/span><\/li>\n
        • The first edition of the modern Olympic Games was staged in Athens, Greece, in 1896, while the first winter edition was held in Chamonix, France, in 1924.\u00a0<\/span><\/span><\/span><\/li>\n
        • Since 1994, the Olympic Games have <\/span><\/span><\/span>alternated between a summe<\/strong><\/span><\/span><\/span>r and <\/span><\/span><\/span>winter<\/strong><\/span><\/span><\/span> edition every two years within the four years of each Olympiad.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Peter Pan Syndrome<\/span><\/span><\/span><\/h3>\n<\/td>\n

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  • A special court in Mumbai has granted bail to a 23-year-old accused of sexually assaulting a minor.\u00a0<\/span><\/span><\/span>\n
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    • The accused had told the court he suffered from \u201c<\/span><\/span><\/span>Peter Pan Syndrome<\/strong><\/span><\/span><\/span>\u201d.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
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      • Peter Pan is a<\/span><\/span><\/span> fictional character <\/strong><\/span><\/span><\/span>created by Scottish novelist James Matthew Barrie in the early 1900s.<\/span><\/span><\/span>\n
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        • The term \u2018Peter Pan Syndrome\u2019 first appeared in 1983, in a book authored by Dr Dan Kiley titled \u2018Peter Pan Syndrome: Men Who Have Never Grown Up\u2019. He described it as a \u201csocial-psychological phenomenon\u201d.\u00a0<\/span><\/span><\/span><\/li>\n
        • It is used to describe any adult male or female, who are not socially mature. While it can affect anyone without regard to gender, race, culture, it is more common among males.”<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
        • People with this behaviour live <\/span><\/span><\/span>carefree life, finding responsibilities challenging <\/strong><\/span><\/span><\/span>in adulthood, and basically, \u201cnever growing up\u201d \u2014 suffer from <\/span><\/span><\/span>Peter Pan Syndrome.<\/strong><\/span><\/span><\/span><\/li>\n
        • The World Health Organization does <\/span><\/span><\/span>not recognise Peter Pan Syndrome as a health disorder<\/strong><\/span><\/span><\/span>, many experts believe it is a mental health condition that can affect one\u2019s quality of life.<\/span><\/span><\/span><\/li>\n
        • The symptoms and impact\u00a0<\/strong><\/span><\/span><\/span>\n
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          • As Peter Pan Syndrome hasn\u2019t officially been d<\/span><\/span><\/span>iagnosed as a health disorder<\/strong><\/span><\/span><\/span>, there aren\u2019t clearly defined symptoms or characteristics or even reasons which cause it.\u00a0<\/span><\/span><\/span>\n
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            • But it could affect one\u2019s <\/span><\/span><\/span>daily routine, relationships, work ethic, and result in attitudinal changes<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span>\u00a0<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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IBM-IISc Hybrid Cloud Lab<\/span><\/span><\/span><\/h3>\n<\/td>\n

Recently, <\/span><\/span><\/span>IBM <\/strong><\/span><\/span><\/span>and <\/span><\/span><\/span>Indian Institute of Science<\/strong><\/span><\/span><\/span> (IISc) have announced the launch of the <\/span><\/span><\/span>IBM-IISc Hybrid Cloud lab<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/p>\n
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Tax Inspectors without Borders Programme<\/span><\/span><\/span><\/h3>\n<\/td>\n

Recently, <\/span><\/span><\/span>Tax Inspectors Without Borders<\/strong><\/span><\/span><\/span> (TIWB) has launched its programme in <\/span><\/span><\/span>Bhutan<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/p>\n
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  • India <\/strong><\/span><\/span><\/span>was chosen as the <\/span><\/span><\/span>Partner Jurisdiction<\/strong><\/span><\/span><\/span> and has <\/span><\/span><\/span>provided the Tax Expert<\/strong><\/span><\/span><\/span> for this programme.<\/span><\/span><\/span><\/li>\n
  • Aim:<\/strong><\/span><\/span><\/span> Aid <\/span><\/span><\/span>Bhutan in strengthening its tax administration<\/strong><\/span><\/span><\/span> by transferring technical know-how and skills to its tax auditors, and through sharing of best audit practices.<\/span><\/span><\/span><\/li>\n
  • Focus: <\/strong><\/span><\/span><\/span>International Taxation and Transfer Pricing.<\/span><\/span><\/span><\/li>\n
  • Expected Duration:<\/strong><\/span><\/span><\/span> 24 months.<\/span><\/span><\/span><\/li>\n
  • Significance:<\/strong><\/span><\/span><\/span> It is another milestone in the continued cooperation between India and Bhutan and India\u2019s continued and active support for <\/span><\/span><\/span>South-South cooperation<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span>\n
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    • It is a broad<\/span><\/span><\/span> framework of collaboration<\/strong><\/span><\/span><\/span> among countries of the South in the political, economic, social, cultural, environmental and technical domains.<\/span><\/span><\/span><\/li>\n
    • It can take place on a <\/span><\/span><\/span>bilateral<\/strong><\/span><\/span><\/span>, <\/span><\/span><\/span>regional<\/strong><\/span><\/span><\/span>, <\/span><\/span><\/span>intraregional <\/strong><\/span><\/span><\/span>or <\/span><\/span><\/span>interregional <\/strong><\/span><\/span><\/span>basis, involving two or more<\/span><\/span><\/span> developing countries<\/strong><\/span><\/span><\/span>, which share knowledge, skills, expertise and resources to meet their development goals through concerted efforts.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • TIWB is a <\/span><\/span><\/span>joint initiative<\/strong><\/span><\/span><\/span> of the <\/span><\/span><\/span>United Nations Development Programme<\/strong><\/span><\/span><\/span> (UNDP) and the <\/span><\/span><\/span>Organisation for Economic Cooperation and Development<\/u><\/strong><\/span><\/span><\/span> (OECD).<\/span><\/span><\/span>\n
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      • It was launched in <\/span><\/span><\/span>July 2015<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n
      • It is designed to support developing countries to build tax audit capacity by facilitating well-targeted, specialised tax audit assistance.<\/span><\/span><\/span><\/li>\n
      • Aim:<\/strong><\/span><\/span><\/span> Transfer technical know-how and skills to developing countries\u2019 tax auditors, as well as share general audit practices.<\/span><\/span><\/span><\/li>\n
      • With programmes across <\/span><\/span><\/span>Africa<\/strong><\/span><\/span><\/span>, <\/span><\/span><\/span>Asia<\/strong><\/span><\/span><\/span>, <\/span><\/span><\/span>Eastern Europe<\/strong><\/span><\/span><\/span>, <\/span><\/span><\/span>Latin America<\/strong><\/span><\/span><\/span> and the <\/span><\/span><\/span>Caribbean<\/strong><\/span><\/span><\/span>, the TIWB initiative has 80 completed and ongoing programmes in 45 countries and jurisdictions worldwide.<\/span><\/span><\/span><\/li>\n
      • TIWB assistance has <\/span><\/span><\/span>delivered more than USD 537 million in additional revenue <\/strong><\/span><\/span><\/span>for developing countries up to June 2020, according to its latest annual report.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Malaysia Becomes India’s Top Palm Oil Supplier<\/span><\/span><\/span><\/h3>\n<\/td>\n

Recently, <\/span><\/span><\/span>Malaysia has surpassed Indonesia<\/strong><\/span><\/span><\/span> to become the <\/span><\/span><\/span>biggest Crude Palm Oil<\/strong><\/span><\/span><\/span> (CPO) <\/span><\/span><\/span>exporter <\/strong><\/span><\/span><\/span>to <\/span><\/span><\/span>India<\/strong><\/span><\/span><\/span> in 2020-21.<\/span><\/span><\/span><\/p>\n
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  • As per the data by th<\/span><\/span><\/span>e Solvent Extractors\u2019 Association of India<\/strong><\/span><\/span><\/span> (SEA), Malaysia\u2019s palm oil exports to India surged <\/span><\/span><\/span>238 per cent<\/strong><\/span><\/span><\/span> to 2.42 MT.<\/span><\/span><\/span>\n
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    • SEA is a <\/span><\/span><\/span>trade body<\/strong><\/span><\/span><\/span> of Indian vegetable oil refiners and traders.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • During the same period, <\/span><\/span><\/span>Indonesia\u2019s <\/strong><\/span><\/span><\/span>palm oil shipments to India<\/span><\/span><\/span> fell 32 per cent <\/strong><\/span><\/span><\/span>to 2 million tonnes.<\/span><\/span><\/span><\/li>\n
    • The latest development comes <\/span><\/span><\/span>after Indonesia imposed higher levies on crude palm oil exports<\/strong><\/span><\/span><\/span> in December 2020 to raise funds for its <\/span><\/span><\/span>palm-based biodiesel programme<\/strong><\/span><\/span><\/span>, aimed at maximising domestic use of the edible oil.<\/span><\/span><\/span><\/li>\n
    • India is the <\/span><\/span><\/span>world\u2019s largest edible oil importer<\/strong><\/span><\/span><\/span> and is <\/span><\/span><\/span>heavily dependent<\/strong><\/span><\/span><\/span> on imported edible oils.<\/span><\/span><\/span><\/li>\n
    • Palm Oil is a<\/span><\/span><\/span> versatile edible vegetable oil <\/strong><\/span><\/span><\/span>that comes from the fruit of oil palm trees (<\/span><\/span><\/span>Elaeis guineensis<\/em><\/span><\/span><\/span>).<\/span><\/span><\/span><\/li>\n
    • Palm is an<\/span><\/span><\/span> efficient crop<\/strong><\/span><\/span><\/span>, <\/span><\/span><\/span>producing more oil per land area <\/strong><\/span><\/span><\/span>than any other equivalent vegetable oil crop, fulfilling around 35 percent of the world\u2019s vegetable oil demand on just around 10 per cent of the land.<\/span><\/span><\/span><\/li>\n
    • From it, two types of oil can be produced, namely <\/span><\/span><\/span>crude palm oil<\/strong><\/span><\/span><\/span> and <\/span><\/span><\/span>palm kernel oil<\/strong><\/span><\/span><\/span>, of which <\/span><\/span><\/span>crude oil has more demand<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Facts in News Passage Exercise Recently, the Indian Air Force (IAF) and Indian Navy participated in a Passage Exercise or PASSEX with a US carrier strike group (CSG) in the Indian Ocean for two days. A passage exercise is normally undertaken whenever an opportunity arises, in contrast to pre-planned maritime drills. The INS Kochi and […]<\/p>\n","protected":false},"author":1,"featured_media":11801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[76],"class_list":["post-11800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-gs"],"acf":[],"jetpack_featured_media_url":"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2023\/07\/598711current-affairs.jpg","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/11800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=11800"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/11800\/revisions"}],"predecessor-version":[{"id":24411,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/11800\/revisions\/24411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media\/11801"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=11800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=11800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=11800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}