Current Affairs for IAS Exams - 09 April 2021


Current Affairs for IAS Exams - 09 April 2021

::NATIONAL::

Copyright (Amendment) Rules, 2021

  • The Government of India has notified Copyright (Amendment) Rules, 2021 vide Gazette notification under reference G.S.R. 225(E) dated 30th March, 2021.
  • In India, the copyright regime is governed by the Copyright Act, 1957 and the Copyright Rules, 2013.
  • The Copyright Rules, 2013 were last amended in the year 2016.

About:

  • The amendments have been introduced with the objective of bringing the existing rules in parity with other relevant legislations.
  • It aims to ensure smooth and flawless compliance in the light of the technological advancement in digital era by adopting electronic means as primary mode of communication and working in the Copyright Office.
  • A new provision regarding publication of a copyrights journal has been incorporated, thereby eliminating the requirement of publication in the Official Gazette. The said journal would be available at the website of the Copyright Office.
  • The amendments have harmonised the Copyright Rules with the provisions of Finance Act, 2017 whereby the Copyright Board has been merged with Appellate Board.
  • The compliance requirements for registration of software works have been largely reduced, as now the applicant has the liberty to file the first 10 and last 10 pages of source code, or the entire source code if less than 20 pages, with no blocked out or redacted portions.
  • The time limit for the Central Government to respond to an application made before it for registration as a copyright society is extended to one hundred and eighty days, so that the application can be more comprehensively examined.

Anamaya

  • It is Tribal Health Collaborative initiative launched by Minister for Health and Family Welfare along with UnionMinister ofTribal Affairs.
  • It is supported by Piramal Foundation and Bill and Melinda Gates Foundation.
  • Anameya will converge efforts of various Government agencies and organisations to enhance the health and nutrition status of the tribal communities.

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::INTERNATIONAL::

Cyber Yuan

  • It is a digital currency created by Chinese government and controlled by People's Bank of China (PBOC).
  • Digital yuan is designed to replace cash in circulation, such as coins and bank notes, not money deposited long-term in bank accounts.
  • A cyber yuan helps China to track spending in real time, plus money that isn't linked to the dollar-dominated global financial system.
  • More than 60 countries are at some stage of studying or developing a digital currency, according to research group CBDCTracker.

Seychelles

  • PM of India & Seychelles President jointly inaugurate several Indian projects in Seychelles
  • Seychelles is central to India’s vision of ‘SAGAR’ - ‘Security and Growth for All in the Region’. 
  • Seychelles was the First African country to receive the Made in India COVID-19 vaccines. 
  • India has handed over a new, state of the art, Made-in-India Fast Patrol Vessel to the Seychelles Coast Guard. 
  • India has handed over a One Mega Watt solar power plant in the Seychelles built with India’s assistance.

::ECONOMY::

RBI’s Monetary Policy Committee kept rates unchanged

  • The Reserve Bank of India’s Monetary Policy Committee, in its meeting over the last three days, has decided to keep its short-term lending rate or the repo rate unchanged at 4 per cent, in line with market expectations.
  • The central bank also announced a series of measures to inject liquidity in the government securities market and the financial system.

Key highlights:

  • RBI Governor has said the central bank will maintain its ‘accommodative stance’ as long as required to sustain growth on a durable basis.
  • The annual Consumer Price Index-based retail inflation rate rose to a three-month high of 5.03 per cent in February.
  • Retail inflation is projected to stay around 5 per cent next year: 5% in Q4 of FY’21; 5.2% in Q1 and Q2 FY’22; down to 4.4% in Q3 FY’22 and 5.1% in Q4 FY’22.The RBI maintained its GDP growth forecast at 10.5 per cent for 2021-22.
  • The central bank has slashed the repo rate — benchmark lending rate — by a total of 115 basis points (one basis point is one-hundredth of a percentage point) since March 2020, coming on top of the 135 bps of cumulative cuts since early 2019.

::SCIENCE AND TECHNOLOGY::

Muon g–2

  • Newly published results of an international experiment hint at the possibility of new physics governing the laws of nature, scientists say.
  • The results of the experiment, which studied a subatomic particle called the muon, do not match the predictions of the Standard Model, on which all particle physics is based, and instead reconfirm a discrepancy that had been detected in an experiment 20 years previously.
  • In other words, the physics we know cannot alone explain the results measured. The study has been published in the journal Physical Review Letters.

What is the Standard Model?

  • The Standard Model is a rigorous theory that predicts the behaviour of the building blocks of the universe.
  • It lays out the rules for six types of quarks, six leptons, the Higgs boson, three fundamental forces, and how the subatomic particles behave under the influence of electromagnetic forces.
  • The muon is one of the leptons. It is similar to the electron, but 200 times larger, and much more unstable, surviving for a fraction of a second.
  • The experiment, called Muon g–2 (g minus two), was conducted at the US Department of Energy’s Fermi National Accelerator Laboratory (Fermilab).

What was this experiment about?

  • The Muon g–2 experiment measured this quantity with greater accuracy. It sought to find out whether the discrepancy would persist, or whether the new results would be closer to predictions. As it turned out, there was a discrepancy again, although smaller.

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