4th October, 2023 Current Affairs

Sakshi Education

NATIONAL
Jammu And Kashmir’s Renowned Pashmina Craft Receives GI Tag

Basohli Pashmina, an age-old traditional craft originating from the picturesque district of Kathua in Jammu and Kashmir, has recently earned the prestigious Geographical Indication (GI) tag. This recognition not only celebrates the exceptional craftsmanship of the artisans but also protects the authenticity and uniqueness of this artisanal heritage.
Basohli Pashmina is renowned for its exceptional softness, fineness, and feather-like weight. Crafted by skilled artisans using traditional hand-spinning techniques, this exquisite fabric has been a symbol of luxury and elegance for over a century. Its hallmark is its remarkable ability to provide warmth without adding bulk, making it an ideal choice for cold climates and discerning fashion enthusiasts.
The Geographical Indication (GI) tag is a coveted recognition that establishes the origin, uniqueness, and authenticity of a product from a specific geographical area. In the case of Basohli Pashmina, this GI tag is not just a symbol; it’s a testament to the craftsmanship and dedication of the artisans who have honed their skills through generations.

Centre declares National Liberation Front of Tripura, All Tripura Tiger Force and their factions as unlawful associations under Unlawful Activities (Prevention) Act.

The Central Government has declared the National Liberation Front of Tripura (NLFT), All Tripura Tiger Force (ATTF) and their factions as unlawful associations under the Unlawful Activites (Prevention) Act. The Home Ministry has banned these organisations for five years. The Ministry said, the government is of the opinion that the activities of NLFT and ATTF are detrimental to the sovereignty and integrity of India and that they are unlawful associations.
These factions have been engaging in subversive and violent activities, thereby undermining the authority of the Government and spreading terror and violence among people for achieving their objectives.
If there is no immediate curb and control on these organisations, they will mobilise their cadres for escalating their secessionist, subversive, and violent activities. It added that they will also propagate anti-national activities in collusion with forces inimical to India’s sovereignty and national integrity.

NIIF and JBIC launch 600 million India-Japan Fund to facilitate collaboration and investment in field of climate and environment

The National Investment and Infrastructure Fund and Japan Bank for International Cooperation, JBIC have tied up to launch a 600 million US dollar India-Japan Fund. This joint initiative will facilitate collaboration and investment between India and Japan in the field of climate and environment.
According to the Finance Ministry, the Government of India will contribute 49 per cent of the corpus and the remaining 51 per cent will be contributed by JBIC. This fund mechanism will promote Japanese investments in India by focussing on investing in environmental sustainability and low carbon emission strategies. The Finance Ministry has termed this collaboration a key milestone in the strategic and economic partnership between India and Japan.

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ECONOMY
World Bank lowers Bangladesh’s growth projection for FY24

The World Bank in its latest update released on Tuesday has projected Bangladesh’s economic growth to be 5.6 percent in the 2023-24 fiscal year ending next June.
The global lender in its previous projection in April, forecasted a 6.2 percent GDP growth for the current fiscal year.
The World Bank in its update stated that Bangladesh made a strong recovery from the COVID-19 pandemic, but the post-pandemic recovery was disrupted in FY23 with rising inflation, vulnerabilities in the financial sector, external pressure, and global economic uncertainty, reports UNB.

The World Bank suggested that Bangladesh needs to go for a single market-based exchange rate which would help to attract foreign currency inflows through formal channels and support the balance of payment and reserve accumulation.
Meanwhile, the foreign-aid inflow to Bangladesh in July-August period of the current fiscal year (FY) 2023-24 marked a substantial fall. The reduction in foreign aid inflow along with fall in remittance and export earnings has increased pressure on Bangladesh's falling foreign-exchange reserves, according to the experts.

SPORTS
India makes highest overhaul of medals in Asian Games as country bags 73 medals including gold 16

At Hanghzou Asian Games in China, Indian duo Jyoti Surekha Vennam and Ojas Deotale won gold for India in Archery. They defeated Republic of Korea in Compound Mixed Team final by a scoreline of 159-158. In women's 57 kg boxing event, Parveen Hooda won bronze while Indian Squash pair Abhay Singh and Anahat Singh in the mixed team event settled for bronze after losing to the Malaysian duo.
Ram Babu and Manju Rani opened country's medal account on eleventh day clinching bronze medal in the 35km mixed relay race walk. They clocked the timing of 5:52.14. With this country's overall medal tally has now reached its best ever 73, comprising 16 gold, 26 silver and 31 bronze. India's previous best was 70 medals in 2018 Jakarta Asian Games. India currently holds fourth position in the overall medal table behind China, Japan and Republic of Korea.
In Squash mixed doubles, Dipika Pallikal and Harinder Pal Singh progressed to the final with a 2-1 victory over Hong Kong. Meanwhile, in badminton PV Sindhu and HS Prannoy stormed into their respective singles quarterfinals. Sindhu defeated Indonesia's Putri Kusuma in the round of 16, while Prannoy outplayed Kazakhstan's Dimitriy Panarin.

CULTURE
Indian High Commissioner visits Shalban Buddhist Vihar, Cumilla in Bangladesh

High Commissioner of India to Bangladesh Pranay Verma on Tuesday visited Shalban Buddhist Vihar located in Cumilla District of Bangladesh. The High Commissioner also visited the Mainamati Museum located in the south of Shalbon Vihara.
Shalban Buddhist Vihara is located in the Lalmai-Mainamati region of the Cumilla district, is one of the archaeological sites of the ancient civilization of undivided India. The ruins of Buddhist temples and viharas were uncovered in this archaeological site known as 'Shalban Vihara
During archaeological excavations conducted at different times. The actual name of Shalban Vihara is 'Sri BhabadevaMohavihara. This Mohavihara was built by the fourth King Shri Bhabadeva during the rule of the Deva dynasty from the middle of the seventh to the eighth century CE.
The length of each side of the square vihara is 168 meters. The Vihara has a total of 115 monk's rooms in its four arms and a temple in the middle. Several smaller temples and ruins of stupas are uncovered around the central main temple. The unique attraction of this Vihara is the ruins of the large arcade uncovered on the north side. Four phases of ruins of construction, reconstruction, and renovation-repair at Shalban Vihara are exposed during archaeological excavations.

AWARDS
Nobel Prize in Physics 2023 awarded to Pierre Agostini, Ferenc Krausz and Anne L’Huillier

Pierre Agostini, Ferenc Krausz and Anne L’Huillier “for experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter”. This year Nobel Laureates in Physics 2023 are being recognised for their experiments, which have given humanity new tools for exploring the world of electrons inside atoms and molecules.
Pierre Agostini, Ferenc Krausz and Anne L’Huillier have demonstrated a way to create extremely short pulses of light that can be used to measure the rapid processes in which electrons move or change energy.

SCIENCE AND TECHNOLOGY
MIT Engineers Create Supercapacitor out of Ancient Materials

Two of humanity’s most ubiquitous historical materials, cement and carbon black (which resembles very fine charcoal), may form the basis for a novel, low-cost energy storage system, according to a new study. The technology could facilitate the use of renewable energy sources such as solar, wind, and tidal power by allowing energy networks to remain stable despite fluctuations in renewable energy supply.
The two materials, the researchers found, can be combined with water to make a supercapacitor — an alternative to batteries — that could provide storage of electrical energy. As an example, the MIT researchers who developed the system say that their supercapacitor could eventually be incorporated into the concrete foundation of a house, where it could store a full day’s worth of energy while adding little (or no) to the cost of the foundation and still providing the needed structural strength. The researchers also envision a concrete roadway that could provide contactless recharging for electric cars as they travel over that road.

Published date : 04 Oct 2023 05:25PM