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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