Certificate of Deposit | Current Affairs | Vision IAS
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    Posted 09 Sep 2024

    8 min read

    Certificate of Deposit

    Bank’s Certificates of Deposit issuance increased nearly 3-time in FY24 as compared to FY22.

    About Certificates of Deposit (CDs)

    • CDs are negotiable, unsecured money market instrument, issued by a bank as a promissory note against funds deposited with it for a maturity period up to one year.
    • Issued by: Scheduled Commercial Banks; Regional Rural Banks; Small Finance Banks, and All-India Financial Institutions. 
    • CDs shall be issued in minimum denomination of ₹5 lakh & in multiples of ₹5 lakh thereafter.
    • Tenor: Minimum 7 days and maximum 1 year.
    • Tags :
    • Certificate of Deposit
    • Promissory Notes
    • Money Market

    Swachh Vayu Survekshan Award, 2024

    The Awards were presented to Surat, Jabalpur, & Agra (category 1), Firozabad, Amravati, & Jhansi (category 2), Raebareli, Nalgonda, & Nalagarh (category 3). 

    About Swachh Vayu Survekshan Awards

    • Initiative of the Environment Ministry ranks cities on the implementation of activities approved under city action plan & air quality in 130 National Clean Air Program (NCAP) cities.
    • Criteria: solid waste management, road dust control, industrial emissions, etc. 
    • 3 categories: Given annually on International Day of Clean Air for Blue Skies (September 7th)  to top 3 cities based on population as under-
      • Category-1 ( 10 Lakhs+)
      • Category-2 (3 - 10 Lakhs)
      • Category-3 (under 3 Lakhs)
    • Tags :
    • Swachh Vayu Survekshan
    • National Clean Air Program

    Water spinach

    Water spinach now reached the door of the farmers with the technology developed by the Indian Institute of Vegetable Research (IIVR).

    About Water spinach 

    • Native to tropics and subtropics, this semi-aquatic perennial plant is believed to have been the first domesticated in Southeast Asia.
    • Benefits
      • Rich in folic acid (vitamin B9); Contains medium levels of beta carotene, calcium, vitamin E and C.
      • Helps prevent neural tube defects in unborn children.
      • Being rich in iron, it’s beneficial for people with anemia.
      • Has great potential as a purifier of aquatic habitats.
    • Tags :
    • Water Spinach
    • Folic acid
    • Beta carotene

    Sahariya Tribe

    Recently, More than 100 cases of malnourished children among Sahariya tribe have been reported from Baran district of Rajasthan.

    About Sahariya Tribe

    • Sahariyas are one of the PVTGs that are mostly inhabited in Madhya Pradesh, Uttar Pradesh, and Rajasthan.
      • PVTGs are tribal communities that show either a declining or stagnant population, use of pre-agrarian technology, economic backwardness, and low literacy.
    • Generally reside in separate basti in the village, called Saharana.
    • Economic activities: Agriculture (primarily rainfed), collection of minor forest produce, etc. 
    • Tags :
    • Sahariya Tribe
    • PVTGs

    BepiColombo

    BepiColombo has completed its latest flyby of Mercury. It will begin to orbit in 2026.

    About BepiColombo 

    • Launched: 2018.
    • BepiColombo, a joint European-Japanese mission, consisting of two spacecraft riding together to Mercury to orbit and to study the planet.
      • The European Space Agency's Mercury Planetary Orbiter (MPO) will study the planet's surface and interior.
      •  The Japan Aerospace Exploration Agency’s Mercury Magnetospheric Orbiter (MIO) will study the planet's magnetic field.
    • Only two other spacecraft have visited Mercury: NASA's Mariner 10 and MESSENGER.

     

    • Tags :
    • BepiColombo
    • Mariner 10
    • MESSENGER

    Helium

    Two NASA astronauts remain on the International Space Station due to a faulty propulsion system.

    • It includes Helium leaks  which also affected past missions like ISRO’s Chandrayaan 2.

    Helium

    • It is an element in Group 18 (noble gases) of the periodic table.
    • Second lightest element, after hydrogen.
    • Colorless, odorless, and tasteless gas.
    • Lowest boiling and freezing points of any known substance.
    • Use in Rockets: It pressurizes fuel tanks to ensure a steady flow of fuel and it is also used in cooling systems. 
    • Leak Vulnerability: Due to small atomic size, it can escape through tiny gaps or seals.
    • Tags :
    • Helium
    • rocket propulsion system

    Silicon Carbide

    India's 1st silicon Carbide manufacturing facility to be set up in Odisha.

    Silicon Carbide (SiC)

    • Also known as carborundum, it is an exceedingly hard, synthetically produced crystalline compound of silicon and carbon.  
    • Properties: Excellent thermomechanical characteristics, including high thermal conductivity, excellent mechanical properties, excellent resistance to wear and oxidation. 
    • Applications: semiconductor devices, mechanical seals, structural ceramics, heat exchangers, optical mirrors, ballistic armor, etc.
    • Tags :
    • Silicon Carbide
    • Carborundum

    Nilgiri Mountain Railways

    Redevelopment of Nilgiri Moutain Raliway stations under Amrit Bharat Station Scheme threatens its historical and architectural value.

    About Nilgiri Mountain Railway

    • First proposed in 1854 and completed in 1908, it is a 46-km long metre-gauge single-track railway in Tamil Nadu.
    • It showcases late 19th century technology with unique rack and pinion traction for steep gradients.
    • In 2005, UNESCO declared it as a World Heritage Site as an extension to the Darjeeling Himalayan Railway. It has since then been a part of the greater heritage site of the Mountain Railways in India.
      • Other heritage mountain railways in India include Darjeeling Himalayan Railway and Kalka Shimla Railway.
    • Tags :
    • Amrit Bharat Station Scheme
    • World Heritage Site
    • Nilgiri Mountain Railway
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