Cali Fund | Current Affairs | Vision IAS
News Today Logo

    Also in News

    Posted 28 Feb 2025

    8 min read

    Cali Fund

    Cali Fund was launched at the COP16 to the United Nations Convention on Biological Diversity (CBD).

    About Cali Fund

    • Aim: To boost biodiversity finance for the Fair and Equitable Sharing of Benefits from the use of Digital Sequence Information on Genetic Resources (DSI).
      • DSI is the data from DNA or RNA that can be stored digitally
    • Hosted by: Multi-Partner Trust Fund Office (MPTFO) in a partnership between UNDP, UNEP, CBD Secretariat.
    • Funding: It will receive contributions from private sector entities making commercial use of DSI.
    • Aid implementation of the Kunming- Montreal Global Biodiversity Framework (KMGBF).
      • Support delivery of National Biodiversity Strategies and Action Plans (NBSAPs) by developing countries.
      • 50% of the resources to be allocated for self-identified needs of indigenous peoples and local communities, including women and youth.
    • Tags :
    • Cali Fund
    • Digital Sequence Information on Genetic Resources (DSI)

    Aadhaar Good Governance Portal

    Ministry of Electronics and Information Technology (MeitY) launched the Aadhaar Good Governance portal.

    About Aadhaar Good Governance Portal

    • Objective: Streamline approval process for Aadhaar authentication requests. 
      • This is in sync with an effort to make Aadhaar more people-friendly. 
      • It will help in integrating Face Authentication in the customer facing apps of private entities, which will enable anytime anywhere, authentication.
    • This platform comes into effect after Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Amendment Rules, 2025.
      • It enabled both government and non-government entities to avail Aadhaar authentication service.
    • Tags :
    • Aadhaar
    • Ministry of Electronics and Information Technology (MeitY)

    Ocelot

    Amazon launched a quantum computing chip named Ocelot.

    About Ocelot

    • It is a prototype that has only a tiny fraction of the computing power needed to create a useful machine.
    • Key features: 
      • It consists of two integrated silicon microchips.
      • Its high-quality oscillators are made from a thin film of superconducting material called Tantalum. 
    • It uses cat qubits, named after the famous Schrödinger's cat thought experiment.
      • Schrödinger's cat is a thought experiment where a cat inside a sealed box is both alive and dead simultaneously (superposition) until someone observes it.
    • Key Benefit: It can reduce the costs of implementing quantum error correction by up to 90%, compared to current approaches.
    • Tags :
    • Quantum Chip
    • Ocelot

    Hague Service Convention

    The U.S. SEC has requested assistance from the Indian government under the Hague Service Convention to serve summons in a securities and wire fraud case.

    About Hague Service Convention

    • Genesis: 1965.
    • Nature: It is an international treaty that streamlines the process of serving legal documents across international borders.
    • Signatories: 84 countries.
      • India joined in 2006 with reservations.
      • It prohibits the service of judicial documents through diplomatic or consular channels, except when the recipient is a national of the requesting country.
    • Central authority to handle service requests: The Ministry of Law and Justice.
    • Tags :
    • Ministry of Law and Justice
    • Hague Service Convention

    Petrification

    A first-of-its-kind discovery of a petrified wood fossil has been made at Rajmahal hills in Pakur, Jharkhand.

    About Petrification (or Petrifaction)

    • It is a process of permineralization when the organic matter is completely replaced by minerals and the fossil is turned to stone
      • Permineralization is a type of fossil where pores of the plant materials, bones, and shells are impregnated by mineral matter from the ground, lakes, or ocean. 
    • It reproduces the original tissue in every detail. 
    • This kind of fossilization occurs in both hard and soft tissues. 
    • Tags :
    • Petrifaction
    • Rajmahal hills

    Olive Ridley

    A Study shows Olive Ridley numbers are growing, but rising sand temperatures are skewing gender ratios.

    About Olive Ridleys

    • Among the smallest and most abundant sea turtle species globally.
    • Arribada phenomenon (Spanish for "arrival"): A mass synchronized nesting event unique to Olive Ridleys.
    • Habitat:  warm tropical waters of the Pacific, Atlantic, and Indian Oceans.
    • Major Nesting Sites in India: Gahirmatha, Rushikulya, and Devi River (Odissa).
    • Conservation Status
      • IUCN Status: Vulnerable
      • CITES: Appendix I
      • Wildlife Protection Act, 1972: Schedule I
    • Protection Efforts: Turtle Excluder Devices (TEDs) and Operation Olivia by the Indian Coast Guard.
    • Tags :
    • Arribada
    • Olive Ridley

    Stratovolcano

    In a rare event, massive methane plumes emitted from volcano Mount Fentale (Ethiopia).

    • Mount Fentale is a stratovolcano which last erupted in 1820.

    About Stratovolcano

    • A stratovolcano is a large, steep-sided volcano built up by alternating layers of lava flows and volcanic ash, often associated with explosive eruptions.
    • E.g., Mount Fuji (Japan), Mount Vesuvius (Italy), Mount Etna (Italy), Mount Rainier (USA), Krakatoa (Indonesia), etc.

    About Methane Plumes

    • It’s the release of large quantities of methane from super-emitter sites like gas drilling sites.
    • Methane is a potent greenhouse gas, with 80 times the Global Warming Potential (GWP) of carbon dioxide over a 20-year period. 
    • Tags :
    • Stratovolcano
    • Mount Fentale
    • Methane Plumes
    Watch News Today
    Subscribe for Premium Features