{"id":29896,"date":"2024-09-23T19:12:44","date_gmt":"2024-09-23T13:42:44","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=29896"},"modified":"2024-09-23T19:12:46","modified_gmt":"2024-09-23T13:42:46","slug":"news-in-short-23-09-2024","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/23-09-2024\/news-in-short-23-09-2024","title":{"rendered":"News In Short-23-09-2024"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>India\u2019s Historic Double Gold in Chess Olympiad<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: Miscellaneous<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India has bagged its <strong>first ever gold medal<\/strong> in both the men&#8217;s and the women&#8217;s team categories at the <strong>45th Chess Olympiad<\/strong> in Budapest.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Chess Olympiad<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is the world&#8217;s most prestigious team event for chess and India has been participating in the <strong>biennial event<\/strong> since 1956 and has played in every Olympiad since 1980.<\/li>\n\n\n\n<li>Now with this win, India also became the <strong>third country <\/strong>to win gold in both men\u2019s and women&#8217;s categories in the <strong>same edition<\/strong> of Chess Olympiad after Soviet Union and China.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Origin of Chess<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The history of chess in India can be traced back to <strong>1600 years<\/strong> ago during the <strong>Gupta dynasty<\/strong>.<\/li>\n\n\n\n<li>It was called &#8216;chaturanga&#8217; in earlier times.<\/li>\n\n\n\n<li>Chess, via India, reached many countries of the world and became very popular.\u00a0<\/li>\n\n\n\n<li>Today, chess is being used in schools as an <strong>education tool<\/strong> for children.<\/li>\n<\/ul>\n\n\n\n<p>Source: <a href=\"https:\/\/www.thehindu.com\/sport\/other-sports\/chess-olympiad-2024-india-clinches-maiden-gold-in-open-section\/article68670899.ece\" target=\"_blank\" rel=\"noopener\">TH<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>First Repository of Cancer Genomics in India<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/Health<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Indian Cancer Genome Atlas (ICGA) Foundation launched a data portal, which aims to be a <strong>repository for India-specific cancer genomics.\u00a0<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Historically, cancer treatments in India have been based on Western data sets. However, cancers in Indian patients can differ significantly at the molecular level.\n<ul class=\"wp-block-list\">\n<li>So, it aims to create <strong>Indian-specific datasets <\/strong>to help researchers and clinicians develop <strong>personalised treatment protocols.\u00a0<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>It is based on the <strong>internationally recognised cBioPortal platform,<\/strong> which ensures seamless integration with global cancer research efforts.<\/li>\n\n\n\n<li>For this portal, cancer cells from Indian patients will be collected, and a genetic analysis will be conducted before it is uploaded.\n<ul class=\"wp-block-list\">\n<li>Data will include the DNA, RNA and protein profiles of breast cancer patients and the clinical outcomes in each case.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/news\/national\/first-repository-of-cancer-genomics-in-india-launched\/article68667917.ece\" target=\"_blank\" rel=\"noopener\"><strong>TH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>&#8216;PUSHP&#8217; Mantra<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/IR<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PM Modi gave the <strong>&#8216;PUSHP&#8217; mantra<\/strong> for making India a developed nation while addressing the Indian diaspora in New York.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>P stands for Progressive Bharat, U stands for Unstoppable Bharat, S stands for Spiritual Bharat, H stands for Humanity First Bharat, and P stands for Prosperous Bharat.\n<ul class=\"wp-block-list\">\n<li>All five petals of the Pushp (flower) will make viksit bharat (developed India).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The Prime Minister also announced that two new Indian consulates will be opened in the US to strengthen ties with the Indian diaspora across the United States.\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.newsonair.gov.in\/pm-modi-addresses-indian-diaspora-unveils-pushp-mantra-for-developed-india-in-new-york\/#:~:text=Mr.%20Modi%20said%2C%20P%20stands,and%20P%20stands%20Prosperous%20Bharat.\" target=\"_blank\" rel=\"noopener\"><strong>AIR<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Widening Gap Between Deposit and Credit Growth<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Reserve Bank of India (RBI) has been repeatedly raising alarm about the widening gap between non-food credit growth and deposit growth in the banking sector.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Relevance of the Credit- Deposit (CD) ratio<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The CD ratio is an important health indicator of a bank as it <strong>shows the bank\u2019s ability to cover loan losses<\/strong> and withdrawals by its customers.\u00a0<\/li>\n\n\n\n<li>A high CD ratio indicates that a bank has made a large amount of loans compared to its deposits. This is taken as a sign of increased risk and reduced liquidity.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What are the reasons?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>government borrowings had shot up during the pandemic <\/strong>and credit growth lowered, increasing in stock of statutory liquidity ratio (SLR) securities of banks.\n<ul class=\"wp-block-list\">\n<li>As the economy started recovering, many banks preferred to liquidate their excess SLR securities to finance credit demand.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Shift of Household Savings to Capital Markets:<\/strong> With higher returns in the capital markets, retail investors are increasingly <strong>investing in equities and mutual funds <\/strong>rather than traditional bank deposits.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/banks-slow-deposit-growth-markets-9551518\/\" target=\"_blank\" rel=\"noopener\"><strong>IE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Vivad se Vishwas 2.0\u00a0<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS 3\/ Economy<\/strong>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News\u00a0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Vivad Se Vishwas 2.0 tax payment rates will rise by 10% from January 1, 2025.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Scheme\u00a0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV, 2024) was announced in the Union Budget 2024-25 by Finance Minister Smt. Nirmala Sitharaman.<\/li>\n\n\n\n<li>The scheme will come into force on October 1, 2024.<\/li>\n\n\n\n<li><strong>Legislation<\/strong>: The DTVSV Scheme was enacted through the Finance (No. 2) Act, 2024.<\/li>\n\n\n\n<li>The scheme offers lower settlement amounts for &#8220;new appellants&#8221; compared to &#8220;old appellants&#8221; and for those who file declarations by December 31, 2024<\/li>\n<\/ul>\n\n\n\n<p>Source: Th<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Saturn Like Ring May Have Once Encircled Earth<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/ Science and Technology<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A study published in the journal Earth and Planetary Science Letters found that Earth may once have a system of Saturn-like rings.\u00a0<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About the study<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The rings are theorized to have formed <strong>466 million years ago<\/strong> during one of the coldest periods in the planet&#8217;s history, known as the <strong>Ordovician.<\/strong><\/li>\n\n\n\n<li>It formed when an <strong>asteroid passed too close to Earth<\/strong>, was stretched by its gravity to the point it broke down into lots of small and large pieces.\u00a0<\/li>\n\n\n\n<li>These pieces jostled around and gradually evolved into a <strong>debris-laden ring<\/strong> orbiting Earth\u2019s equator.\n<ul class=\"wp-block-list\">\n<li>However, over time the material from the<strong> ring was pulled towards Earth.<\/strong>\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>While most of the <strong>smaller pieces would have been burnt up<\/strong> in the planet\u2019s atmosphere, the larger pieces would have formed impact <strong>craters on Earth surface, close to the equator.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-climate\/how-earth-may-once-have-had-a-saturn-like-ring-9580589\/\" target=\"_blank\" rel=\"noopener\"><strong>IE<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Polar Bears\u00a0<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus:GS 3\/ Environment&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News<\/strong><\/h3>\n\n\n\n<p>A rare polar bear spotted in a remote Icelandic village was shot by police after being deemed a threat to public safety.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Polar bears<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Description<\/strong>: polar bear (Ursus maritimus) is the largest and heaviest land carnivore in the world. Specially adapted to living in the Arctic.\n<ul class=\"wp-block-list\">\n<li>Polar bears can swim at six miles per hour, using their front paws to paddle and their hind legs as rudders.<\/li>\n\n\n\n<li>They have a thick layer of fat and a water-repellent coat that insulates them from cold air and water.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Habitats and Distribution<\/strong> : Arctic Ocean, sea ice, and adjacent coastal areas\n<ul class=\"wp-block-list\">\n<li>The species is found in Canada, Greenland\/Denmark, Norway , Russia, United States\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Hunting Behavior:<\/strong> Polar bears spend over 50% of their time hunting, primarily for ringed and bearded seals. They catch only 1-2 seals out of 10 attempts.<\/li>\n\n\n\n<li><strong>Diet<\/strong>: Their diet consists mainly of seals, which provide the necessary fat for survival.<\/li>\n\n\n\n<li><strong>IUCN Red List Status : <\/strong>Vulnerable\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Source : TOI&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Sukanya Samriddhi Yojana\u00a0<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: GS 2 \/ Welfare Scheme&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News\u00a0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In North Gujarat, many accounts have been opened for eligible daughters (up to age 10), with approximately 500 villages recognized as complete Sukanya Samriddhi Grams.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Sukanya Samriddhi Yojana<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sukanya Samriddhi Yojana was launched by Prime Minister Narendra Modi on January 22, 2015, as part of the &#8220;<a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/06-08-2022\/beti-bachao-beti-padhao\">Beti Bachao Beti Padhao&#8221; campaign.<\/a><\/li>\n\n\n\n<li>Special arrangements are being made for opening Sukanya accounts in all post offices.\n<ul class=\"wp-block-list\">\n<li>A minimum of \u20b9250 and a maximum of \u20b91.5 lakh can be deposited annually for 15 years.<\/li>\n\n\n\n<li><strong>Withdrawal Rules<\/strong>: 50% of the amount can be withdrawn when the daughter turns 18, and the full amount after 21 years.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> The current interest rate for the scheme is 8.2%, with provisions for income tax exemption on deposits.<\/li>\n\n\n\n<li><strong>Purpose<\/strong>: The scheme aims to provide financial support to girls, helping them achieve their goals and fulfill their dreams.<\/li>\n\n\n\n<li><strong>Benefits<\/strong>: It offers an attractive interest rate and tax-saving provisions under Section 80C of the Income Tax Act.<\/li>\n<\/ul>\n\n\n\n<p>Source : PIB&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has bagged its first ever gold medal in both the men&#8217;s and the women&#8217;s team categories at the 45th Chess Olympiad in Budapest.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-29896","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/29896","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=29896"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/29896\/revisions"}],"predecessor-version":[{"id":29897,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/29896\/revisions\/29897"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=29896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=29896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=29896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}