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India-Oman Comprehensive Economic Partnership Agreement (CEPA)

Economy

Lokmata Ahilyabai Holkar

Art & Culture

Context

• Prime Minister Narendra Modi paid tribute to Lokmata Ahilyabai Holkar on her birth anniversary.

Ahilyabai Holkar (1725–1795)

• She was the celebrated queen of the Holkar dynasty who ruled the Malwa kingdom in the 18th century.
• Revered as the “Philosopher Queen” for her enlightened and people-centric governance.
• Born in Chondi village, Ahmednagar (Maharashtra) and married to Khanderao Holkar, son of Malhar Rao Holkar.
• After the deaths of her husband, father-in-law and son, she assumed the administration of Malwa in 1767.

Major Contributions

• She is remembered for her model of justice, welfare-oriented governance, and cultural preservation.
• Ahilyabai rebuilt important temples such as the Kashi Vishwanath Temple and Somnath Temple in the 18th century.
• She promoted women’s education, widow remarriage, and opposed practices like sati.
• She also worked for the upliftment of tribal communities and lower castes.
• Under her rule, Maheshwar and Indore became major trade centres, and the famous Maheshwari saree tradition flourished.

PM SVANidhi Scheme Completes Six Years

Government Schemes

Context

• PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, has completed six years of empowering street vendors through affordable collateral-free credit, digital inclusion and social security.

PM SVANidhi Scheme

• Financing – It is a Central Sector Scheme
• Launched on – 1 June 2020
• Objective – to provide affordable working capital loans to street vendors affected by the COVID-19 pandemic.
• Implementing Agencies: Ministry of Housing and Urban Affairs (MoHUA)
• Eligible criteria: Street vendors in possession of Certificate of Vending/Identity Card issued by Urban Local Bodies (ULBs).

Key Features

• Working Capital Loan: Collateral-free loans of ₹15,000, ₹25,000, and ₹50,000.
• UPI-linked RuPay Credit Cards: Vendors successfully repaying the second tranche are eligible for UPI-linked RuPay Credit Cards with limits up to ₹30,000.

SVANidhi se Samriddhi (SSS):

• It is an Indian government scheme that links street vendors and their families to eight welfare programs for safety and health.
• Main Purpose – It helps vendors who got a PM SVANidhi loan.
• Workers visit vendors to check what their families need.
• It connects them to benefits without complex paperwork.

The 8 Benefits Included

1. Life Insurance (PM Jeevan Jyoti Bima)
2. Accident Insurance (PM Suraksha Bima)
3. Free Bank Accounts (PM Jan Dhan Yojana)
4. Food Ration Anywhere (One Nation One Ration Card)
5. Old Age Pension (PM Shram Yogi Maandhan)
6. Safe Birth Cash Help (Janani Suraksha Yojana)
7. Mother & Baby Support (PM Matru Vandana Yojana)
8. Construction Worker Aid (BoCW Registration)

Shangri-La Dialogue

International

In News

• India has officially signed a deal to supply BrahMos supersonic cruise missiles to Vietnam, as confirmed at the Shangri-La Dialogue in Singapore.

Shangri-La Dialogue

• Established in – 2002
• It is also known as the Asia Security Summit
• It is Asia’s premier defence and security forum.
• It is held annually at Singapore’s Shangri-La Hotel.
• Organised by – International Institute for Strategic Studies (IISS), London, with support from Singapore’s Ministry of Defence.
• Mandate – The dialogue focuses on both traditional security issues (territorial disputes, military cooperation) and non-traditional challenges (terrorism, cybersecurity, climate change).
• Note – India’s Raisina Dialogue is considered to be modelled on the Shangri-La Dialogue.

Additional Information – BrahMos Missile

• Type: Two-stage supersonic cruise missile (World’s fastest operational cruise missile).
• Joint Venture: India (DRDO) and Russia (NPOM).
• Named after Brahmaputra and Moskva rivers.
• Speed: Mach 2.8 to 3.0 (Nearly 3 times the speed of sound).
• Principle: “Fire and Forget” (Requires no control after launch).
• Platform: Multi-platform (Can launch from land, air, sea, and submarines).
• Warhead: 200–300 kg conventional (tactical weapon, not nuclear).
• Range Evolution & MTCROriginal Range (290 km): Restricted due to Russia being bound by MTCR (Missile Technology Control Regime) rules.
• Extended Range (400–450 km+): Upgraded after India joined MTCR in 2016, lifting the range limits.

Albino Hog Deer

Environment

Context

• A rare albino hog deer was recently spotted roaming inside Assam’s Kaziranga National Park.

• • About
  • The albino hog deer is a small cervid native to the region of the Indian subcontinent and Indo-Gangetic Plain. 
  • It is characterised by white fur, pink eyes and pale hooves.
  • Due to a rare genetic mutation known as albinism, the animal entirely lacks melanin pigment.
  • Albinism can make survival difficult in nature as these animals often struggle with camouflage, visibility to predators, and sensitivity to sunlight.
  • Beyond hog deers, India is also home to a variety of albino species, such as the Gaur, Indian cobra and primates like rhesus macaque.
• Odisha’s Bhitarkanika National Park is famously home to rare albino saltwater crocodiles.

Babesia Infection

Science & technology

Context

• Eight lion cubs have died in Gujarat due to a suspected Babesia infection, raising concerns about the health of the Asiatic lion population.

About

• Babesia is a parasitic disease transmitted through ticks and can cause weakness, fever, coughing and nasal discharge in infected animals.
• It is a zoonotic disease, meaning it can transmit from animals to humans.
• Atovaquone plus azithromycin is used to treat most mild to moderate cases and is usually taken for 7 to 10 days.

Asiatic Lion (Panthera leo persica)

• • It is one of the five big cat species found in India.
  • Physical Characteristics: Asiatic lions are slightly smaller than African lions. 

• Males have less developed manes, leaving their ears visible.

• • Prominent longitudinal fold of skin along the belly (a distinguishing feature from African lions).

• Distribution: In India, concentrated in the state of Gujarat in and around the Gir Forest mainly in;

1. Gir National Park and Wildlife Sanctuary
2. Paniya Wildlife Sanctuary
3. Mityala Wildlife Sanctuary
4. Barda Wildlife Sanctuary

Conservation Status:

1. IUCN Red List status: Endangered
2. CITES: Appendix I
3. Wildlife Protection Act, 1972: Schedule I

INS Sudarshini and Lokayan 26 Expedition

Defence

Context

• INS Sudarshini arrived in Antigua and Barbuda after successfully completing a historic trans-Atlantic passage as part of the Lokayan 26 Expedition.

INS Sudarshini

• INS Sudarshini is a sail training ship of the Indian Navy designed to train naval personnel in traditional sailing and seamanship skills.
• The vessel was built by Goa Shipyard Limited and was commissioned into the Indian Navy in 2012.

Lokayan 26 Expedition

• The Lokayan 26 Expedition is a landmark 10-month, 22,000-nautical-mile transoceanic voyage by the Indian Navy’s sail training ship, INS Sudarshini.
• The expedition aims to promote maritime diplomacy, strengthen relations with friendly nations, and enhance professional sailing skills among naval personnel.
• The voyage marks the first Atlantic crossing by INS Sudarshini, while the last such crossing was undertaken by INS Tarangini in 2007.

About Antigua and Barbuda

• It is a twin-island country in the Caribbean Sea, made up of two main inhabited islands, Antigua and Barbuda, along with a few smaller, neighboring islands.
• The islands gained independence from the United Kingdom in 1981.
• Antigua: The larger island is the economic hub, home to the capital city of St. John’s.
• Barbuda: Located about 25 miles north of Antigua, this island is much flatter, less developed, and known for its pristine natural beauty and bird sanctuaries.

White-Bellied Heron Concerns over Kalai-II Hydel Project

Environment

Context

• The Union Environment Ministry’s Forest Advisory Committee (FAC) has granted in-principle forest clearance to the Kalai-II Hydroelectric Project, raising concerns due to its potential impact on the White-Bellied Heron.

Kalai-II Hydroelectric Project

• The project is a 1,200 MW run-of-the-river hydropower project proposed by THDC (Tehri Hydro Development Corporation Limited) India Limited.
• It is located in Anjaw district of Arunachal Pradesh, near the India–China border.
• The project involves the construction of a 128.5-metre concrete gravity dam and an underground powerhouse.
• Concerns: Around 869 hectares of forest land will be diverted, including the submergence of 638 hectares of forest area.
• Since Arunachal Pradesh has more than two-thirds of its geographical area under forests, compensatory afforestation will be undertaken in Madhya Pradesh.

White-Bellied Heron

• • Scientific Name: Ardea insignis.
  • Significance: The species serves as an indicator of healthy riverine ecosystems.
  • IUCN Status: Critically Endangered.
  • Its global distribution is restricted mainly to Bhutan, India, and Myanmar.

• In India, it is primarily found in Arunachal Pradesh and parts of Assam.

• Concerns: The submergence of forest and riverine areas may destroy the bird’s nesting, feeding, and breeding habitats.

National Family Health Survey (NFHS)-6

Science & technology

Context

• The Ministry of Health and Family Welfare has released the National Family Health Survey (NFHS)-6 for the period 2023-24. 

About

• Nodal Agency – International Institute for Population Sciences (IIPS), Mumbai 
• Objective – to evaluate India’s progress toward the Sustainable Development Goals (SDGs).
• Scope: 6.79 lakh households across 715 districts. Manipur was excluded.
• Funding: 100% domestic funding by the Government of India (no external aid).
• Key Exclusions: Omitted previous indicators like anaemia, disability, and cancer screenings.

Major Data Trends: NFHS-5 vs NFHS-6

• Total Fertility Rate (TFR): Remained stable at 2.0 (below the 2.1 replacement level).
• Institutional Deliveries: Rose from 88.6% to 90.6%.
• Full Immunisation: Increased from 83.8% to 87.1%.
• Child Stunting (<5 years): Dropped significantly from 35.5% to 29.3%.Health 
• Insurance Cover: Jumped from 41.0% to 60.2% (Ayushman Bharat impact).
• Women’s Internet Use: Surged from 33.3% to 64.3%.

Critical Challenges 

• Lifestyle Disease Surge: Diabetes rose to 20.9% for men and 17.8% for women.
• Obesity Double Burden: Overweight women hit 30.7% globally (42.8% in urban areas).
• High C-Sections: Unnecessary Caesarean deliveries continue to exceed WHO safety limits.
• Data Gaps: Dropping anemia metrics makes long-term policy monitoring difficult.

India’s GDP Base Year Revision

Indian Economy

Context

• India has revised its GDP base year from 2011–12 to 2022–23, resulting in changes to GDP estimates and growth rates to better reflect the current structure of the economy.

Why was the GDP series revised?

• • India periodically revises its GDP base year to reflect changes in the economy’s structure, production patterns, consumption behavior, and data availability.
  • Such revisions are usually undertaken every five years, but this exercise was delayed due to the implementation of GST and the COVID-19 pandemic.

• The objective is to improve the accuracy and reliability of national income estimates.

Connect with the basics – Gross Domestic Product (GDP)

• Definition – It is the total monetary value of all final goods and services produced within a country’s domestic territory during a specific period (usually a quarter or a year).
• Released By: National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
• Calculation of GDP: GDP is calculated using three main methods;

1. The Expenditure Approach: This method sums up all spending on final goods and services in the economy.
2. The Income Approach: This method sums all incomes earned by factors of production (labor, capital).
3. The Production/Value-Added Approach: This method adds up the value added by each industry at every stage of production.

Nominal Vs Real GDP

• Nominal GDP measures a country’s economic output at current market prices, thereby incorporating the effects of inflation and making it useful for assessing the economy’s size in present-value terms.
• Real GDP adjusts for inflation by valuing output at constant base-year prices, providing a more accurate measure of actual growth in production over time.

Base Year

• A base year is a benchmark year used for comparison in economic and statistical calculations. 

• It provides a reference point against which current values of indicators like GDP, CPI, and IIP are measured to track real changes over time.