Reserve Bank of India (RBI) Governor | Current Affairs | Vision IAS
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    Posted 10 Dec 2024

    8 min read

    Reserve Bank of India (RBI) Governor

    Recently, Union government named the 26th RBI Governor. 

    About RBI Governor

    • Appointment: By the Central Government as per the Reserve Bank of India (1934) Act. 
    • Process: Financial Sector Regulatory Appointment Search Committee, (consisting Cabinet Secretary, current RBI Governor, Financial Services Secretary and two independent members) shortlists candidates. 
      • Final appointment is made by the Cabinet Committee on Appointments, headed by the Prime Minister. 
    • Tenure: Holds office for term not exceeding 5 years or as the Central Government may fix while appointing.
      • Eligible for reappointment. 
    • Tags :
    • RBI Act
    • RBI Governor

    Malaria-Parasites and Genetically Modified (GM) Mosquitoes

    Recently, scientists experimented with the genetic modification of the Malaria-causing parasite to prevent them from causing disease. 

    • Earlier, studies largely focused on the GM Mosquitoes. 

    About Malarial Parasites

    • 2 of the 5 parasite species (Plasmodium falciparum and Plasmodium vivax) pose the greatest threat of malaria. 
    • They are transmitted to people through the bites of infected female Anopheles mosquitoes. 

    About GM Mosquitoes

    • They are mass-produced in a laboratory for effective mosquito control and carry two types of genes:
      • Self-limiting gene (prevents female mosquito offspring from surviving) 
      • Fluorescent marker gene (glows under a special red light, enabling their identification). 
    • Tags :
    • Malaria
    • Genetically Modified (GM) Mosquitoes

    Indian Star Tortoise

    Recent study revealed that releasing seized tortoises into forests without scientific planning could worsen conservation efforts. 

    About Indian Star Tortoise (Geochelone elegans)

    • About: Solitary animals, do not hibernate but stay inactive when it is very dry/hot/cold. 
      • Mainly Herbivores and exhibit distinctive obsidian shell with sun-yellow star patterns. 
    • Habitat: Endemic to arid regions of northwest India, southern India, and Sri Lanka.
    • Threats: Habitat loss, Genetic diversity issues, High demand as exotic pets, trafficking, etc.
    • Conservation status:
      • CITES: Appendix I
      • Wildlife (Protection) Act, 1972: Schedule I
      • IUCN: Vulnerable
    • Tags :
    • Tortoise
    • Indian star tortoise

    Bima Sakhi Yojana

    Recently, Prime Minister launched the Life Insurance Corporation of India (LIC)’s Bima Sakhi Yojana.

    Bima Sakhi Yojana

    • About: Stipendiary Scheme, exclusively for Women, with a stipendiary period of 3 years.
    • Stipend:  Rs. 7,000/month for 1st year; Rs. 6,000/month for 2nd and Rs. 5,000/month for 3rd subject to conditions. 
    • Target: Provide employment to 2 Lakh Women. 
    • Eligibility: Age(18-70 years), Education (Class 10th Pass) 
    • Significance
      • Provide training, after which they can serve as LIC agents. 
      • Opportunity to be considered for the role of LIC Development Officer.
    • Tags :
    • Women Empowerment
    • Bima Sakhi
    • Women Employment

    Bamboo Shoots

    Recent study found an extract from a traditional fermented bamboo shoot variety of Tripura, popularly called ‘Melye-amiley’ having anti-obesity effects. 

    Bamboo Shoots

    • About: Young sprouts that emerge from the underground stems of bamboo. 
      • They are edible and are a popular ingredient in many Asian dishes, for their unique flavour and texture.
      • In India, Northeast ethnic communities use fresh or fermented bamboo shoots as a preferred food item. 
    • Nutritional Values: Rich in proteins, carbohydrates, vitamins, fibres, and minerals and very low fat.
    • Tags :
    • Bamboo
    • Bamboo Shoots
    • Bamboo Cultivation

    Amrit Gyaan Kosh Portal

    Amrit Gyaan Kosh Portal on iGOT platform jointly developed by Capacity Building Commission and Karmayogi Bharat launched.

    About Amrit gyan kosh Portal

    • Purpose: Capacity Building Commission aims to empower educators and enhance the quality of public administration training across India.
    • This comprehensive repository curates best practices from across India, aligning with 15 of the 17 Sustainable Development Goals (SDGs).
    • It encompasses diverse policy themes such as health, education, agriculture, and digital governance.

    About  iGOT Karmayaogi platform

    • All-in-one online platform for civil service officials. 
    • It guides learning, hosts discussions, manages careers, and conducts reliable assessments to showcase officials' competency effectively.
    • Tags :
    • Mission Karmayogi
    • Amrit Gyaan Kosh

    Consumer confidence Survey (CCS)

    Latest RBI survey shows weakened consumer confidence in India's economy, employment, and spending.

    About CCS

    • It is an economic indicator reflecting optimism or pessimism about the economy and personal finances. 
    • It gauges the economy's health from the consumer's perspective. High confidence typically leads to increased consumer spending. 
    • The Reserve Bank of India (RBI) measures it through a bi-monthly CCS.
    • CCS responses are measured through two indexes:
      • Current Situation Index (CSI): Consumer sentiment about the economy, employment, and prices compared to a year ago.
      • Future Expectation Index (FEI): Expectations about the economy, employment, and prices a year ahead
    • Tags :
    • Reserve Bank of India
    • Consumer Confidence
    • Current Situation Index

    Diamond Battery

    Scientists from the University of Bristol and UKAEA have created the world's first carbon-14 diamond battery, a sustainable power source that can last thousands of years.

    About Diamond Battery

    • The battery uses the radioactive decay of carbon-14(half-life of 5,700 years), an isotope used in radiocarbon dating, to generate electricity.
    •  Like a solar panel, the battery converts energy, but instead of light, it uses fast-moving electrons from radioactive decay
    • Encased in diamond, the battery safely captures radiation, absorbs short-range radiation, and generates low levels of electricity without leakage.

    Potential Applications

    • Can power devices like pacemakers, hearing aids, and ocular devices.
    • ideal for space missions because of long-lasting power for satellites. 
    • Can help manage nuclear waste by extracting carbon-14, reducing radioactivity and storage costs.
    • Tags :
    • Diamond Batteries
    • space missions
    • nuclear waste
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