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    Posted 03 Aug 2024

    8 min read

    Sovereign Green Bond

    Second sovereign green bond (SGrB) auction of current financial year (FY25) received low response as traders refused to pay greenium. 

    • Greenium refers to pricing benefits based on logic that investors are willing to pay extra/accept lower yields for sustainable impact. 

    About SGrB:

    • Green bonds are used to finance or refinance eligible green projects, resulting in environmental benefits.
    • Union Budget 2022-23 announced SGrB for mobilising resources for green infrastructure.
    • Framework for the SGrBs was issued by the government in 2022. 
    • Tags :
    • Sovereign Green Bonds (SGrBs)
    • Greenium

    Schistura Sonarengaensis

    Recently a new species of loach fish has been found in Sonarenga, Nakama, and Chiabol caves of Meghalaya’s South Garo Hills district.

    About Loach fish:

    • These are small elongated freshwater fishes of family Cobitidae and are native to central and southern Asia. 
    • Usually nocturnal fishes that inhabit both still and flowing waters.
    • Use their barbels(Sensory Organs) to comb the bottom for worms, larvae, and other food. 

    About Schistura Sonarengaensis

    • Morphological Features: Prominent eyes & dull white or pale-beige body.
    • Distinction:  They are not blind like other cave species found in Jaintia and Khasi Hills. 
    • Tags :
    • Schistura sonarengaensis
    • Loach fish

    World Trade Statistics 2023

    The WTO issued “World Trade Statistics 2023”. 

    Highlights of World Trade Statistics 2023 on Agriculture Export

    • The top 5 exporters were EU> US> Brazil> China> Canada. 
    • Collectively, the top ten exporters represented a 71.9% share of world exports in 2023.
    • India was the 8th largest exporter. 
      • India’s exports worth $51 billion constituted 2.24% of agriculture exports in 2023. 
    • Tags :
    • WTO
    • Agriculture Export

    FASTag

    New FASTag rules to link it with Vehicle registration and mobile number came into effect from August 1, 2024.

    About FASTag:

    • Device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion.
      • Technology uses radio waves to identify objects by reading information contained in wireless tag from a distance.
    • Flagship programme of Ministry of Road Transport and Highways & NHAI.

    Benefits:

    • Operationalizes National Electronic Toll Collection (NETC) program with nationwide interoperability.
    • Reduces congestion and cash handling at toll plazas.
    • Tags :
    • FASTag
    • RFID technology
    • NETC)

    Surrogate Advertisement

    Ministry of Health asked Sports Authority of India and BCCI to prevent surrogate advertisement of tobacco/alcohol by sportspersons.

    Surrogate advertising

    •  It involves advertising a product that cannot be advertised openly due to legal restriction.
    • Advertisers create ads that help in building a brand, and without naming the actual product that is being indirectly advertised. For example, a Tobacco company selling stationary products. 
    •  These advertising came into India after the Cable Television Networks (Regulation) Act, 1995 and its rule banned direct liquor, tobacco and cigarette advertisement.
    • They are banned under the Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022.
    • Tags :
    • Misleading Advertisements
    • Surrogate Advertising

    MARITIME PARTNERSHIP EXERCISE (MPX)

    Recently Indian Naval Ship Tabar participated in maritime Partnership Exercise (MPX) between India and Russia.

    • Tags :
    • India-Russia
    • MARITIME PARTNERSHIP EXERCISE

    Global Alliance for Improved Nutrition (GAIN)

    GAIN, launched a report titled ‘The Case for Investment in Nutritious Foods Value Chains: An Opportunity for Gender Impact’. 

    • Report calls for nutrition investments in the agri-food sector which can reduce gender inequalities, increase productivity and enhance business resilience. 

    About GAIN

    • Swiss-based Non-governmental Organization launched at the United Nations in 2002 to tackle the human suffering caused by malnutrition. 
    • Supports public-private partnerships to increase access to the missing nutrients in diets.
    • Tags :
    • United Nations
    • Global Alliance for Improved Nutrition
    • GAIN

    Axiom Mission 4 (Ax-4)

    India selected Shubhanshu Shukla and Prasanth Balakrishnan Nair (Group Captains in the IAF) for Axiom-4 mission. 

    • They will train in U.S. and experience gained during the mission will be beneficial for human space programme. 

    Axiom Mission 4 (Ax-4)

    • It is the fourth private astronaut mission of NASA and a private US company Axiom Space. 
    • It is expected to dock with the International Space Station (ISS) for fourteen days.
    • Axiom Space has contracted SpaceX as a launch provider.
    • Tags :
    • ISRO
    • NASA
    • Axiom mission
    • Ax-4
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