Daily Current Affairs and News Analysis 24-03-2025

Sukhna Sanctuary

  • Sukhna Wildlife Sanctuary, located in Chandigarh near Sukhna Lake, is a protected area within the foothills of the Shivalik range.
  • It was established in 1998 due to afforestation for soil conservation.
  • The sanctuary covers 2600 hectares and has a mix of forests, grasslands, and wetlands.
  • Common flora includes Khair, Phulai, Kikar, and many other species.
  • Fauna includes squirrels, mongooses, hares, porcupines, jungle cats, jackals, wild boars, peacocks, and various birds.
  • Sukhna Lake, created in 1958 by diverting Sukhna Choe, is a key part of the ecosystem.
  • The area has sandy soil with clay pockets, prone to soil erosion.
  • Punjab government’s affidavit to the Supreme Court stated the Eco Sensitive Zone (ESZ) around the sanctuary will remain at 100 meters for Nayagaon.
  • This is a relief for residents of villages surrounding the sanctuary who opposed a larger ESZ.
  • The Supreme Court’s decision on the matter is pending.
  • The sanctuary’s location is in Chandigarh, a Union Territory.

PRC-Moran Connection

  • Assam Grants PRCs to Moran Community in Arunachal Pradesh: The Assam government will issue Permanent Residence Certificates (PRCs) to Moran community members residing

    in Arunachal Pradesh.

  • Motivation: Access to Benefits: This decision aims to enable Moran community members in Arunachal Pradesh to access Assam’s job opportunities, admission to medical and engineering colleges, and community-specific reservations, as Arunachal Pradesh doesn’t provide them with PRCs.

  • Moran Community Background: The Moran community is recognized as an indigenous tribe of Assam, with a small population in Arunachal Pradesh. They follow Vaishnavism and have a history tied to the Moamoria Revolt.

  • PRC Significance: PRCs serve as proof of permanent residence within a state, allowing access to various state-specific benefits and facilities. In Assam, this requires forefathers residing in the state for over 50 years, and at least 20 years of residence.

  • Context of a Long Standing Issue: This decision comes amid ongoing discussions with the Arunachal Pradesh government regarding the Moran community’s rights and access to facilities.


Hormuz Strait

  • Iran installed missile systems on disputed islands near the Strait of Hormuz, escalating tensions with the US.
  • The Strait of Hormuz is a narrow waterway between Iran and the Arabian Peninsula (UAE and Oman).
  • It connects the Persian Gulf to the Gulf of Oman.
  • Iran is on the north coast, the UAE on the south.
  • The Strait is vital for global trade, with about 30% of liquefied gas and 25% of oil passing through.
  • It is 167 kilometers long, varying in width from 39 to 95 kilometers.
  • Important islands in the strait include Hengam, Hormuz, and Qishm.
  • The strait is a critical economic chokepoint for global energy supplies.
  • Its strategic importance impacts India’s energy security and economic stability as a major oil and LNG route.

World Happiness 2025

  • Finland Reigns Supreme: Finland secured the top spot for the 8th consecutive year, followed by Denmark, Iceland, and Sweden.

    • Why: Demonstrates consistent high performance across key happiness indicators.
  • India’s Position: India ranked 118th, an improvement from 126th in 2024.

    • Why: Indicates a potential positive shift in citizen life evaluations.
  • South Asian Neighbors: Pakistan (109th) ranked higher than India, highlighting the impact of social support. Nepal (92nd), Myanmar (126th), Sri Lanka (133rd), and Bangladesh (134th) also featured in the rankings.

    • Why: Shows the varying levels of happiness within the region and the influence of social factors.
  • Afghanistan’s Plight: Afghanistan remained the unhappiest country (147th) for the fourth year running.

    • Why: Underscores the ongoing challenges faced in the country.
  • US and UK Decline: The United States (24th) and the United Kingdom (23rd) experienced declines in their happiness rankings, linked to rising social isolation.

    • Why: Highlights the negative impact of societal factors on happiness.
  • Key Determinants of Happiness: Trust, social connections, shared meals, and communal kindness are crucial factors, often outweighing wealth.

    • Why: Emphasizes the importance of social fabric and community.
  • Methodology: Rankings are based on a three-year average of life evaluations using a ladder scale from 0-10 and are influenced by factors like GDP per capita, social support, healthy life expectancy, freedom, generosity, and perceptions of corruption.

    • Why: Provides context for how the rankings are determined.
  • World Happiness Day: Celebrated on March 20th, initiated by Bhutan and recognized by the UN. Theme for 2025 is “Caring and Sharing”.

    • Why: Reinforces the global emphasis on happiness as a key societal goal.

Farakka Barrage

  • Farakka Barrage, commissioned in 1975, is a dam on the Ganges River near the Bangladesh border.
  • Its purpose is to divert water into the Farakka Feeder Canal, flushing silt from the Bhagirathi-Hooghly River to maintain Kolkata Port navigability.
  • India and Bangladesh have historical agreements on Ganga water sharing, including the 1977 Farakka Agreement and the 1996 Ganga Water Treaty.
  • The barrage diverts ~40,000 cusecs of water during the dry season.
  • The Hooghly River, a branch of the Ganges, is crucial for Kolkata’s port.
  • The Union Government plans to “soon” commission the barrage.
  • Recent talks with Bangladesh, despite some initial doubts, did not result in failure to find an agreeable solution.
  • Construction took 12 years and cost ₹130 crores.

World TB Day 2025

  • World TB Day 2025: Observed on March 24th, it focuses on raising awareness of TB’s impact.
  • Theme: “Yes! We Can End TB: Commit, Invest, Deliver.” This theme underscores the need for a global, unified effort.
  • President’s Message: President Droupadi Murmu commended the National TB Elimination Programme (NTEP) and emphasized the importance of collective action to make India TB-free.
  • Historical Significance: World TB Day commemorates Dr. Robert Koch’s discovery of the TB bacterium on March 24, 1882.
  • India’s TB Burden: India has the highest TB burden globally, accounting for 26% of cases and 29% of TB-related deaths.
  • Progress in India: TB incidence has decreased by 17.7% and TB deaths by 21.4% in recent years.
  • India’s Efforts: The National TB Elimination Programme (NTEP) aims for a TB-free India by 2025.
  • Key Initiatives: The PM TB Mukt Bharat Abhiyaan, Ni-kshay Poshan Yojana (nutrition support), and Ni-kshay Mitra (community support) are crucial to accelerating elimination.
  • Viksit Bharat Sankalp Yatra: This initiative has screened a large number of people for TB.
  • Ni-kshay Mitra Impact: Over 8.66 lakh TB patients are supported by 1.55 lakh Ni-kshay Mitras.

Derivatives

  • IndusInd Bank reported ₹2,100 crore in derivative losses on March 10, 2025, impacting its share price.
  • The losses stemmed from unrecognised losses on forex derivatives/swap transactions executed before April 2024.
  • RBI directives on internal trades/hedging likely prompted the disclosure, though the bank may have known about the issue earlier.
  • The bank’s accounting of these transactions, not fully unwound daily, violated likely accounting norms.
  • The bank’s treasury and finance departments had full records of the forex trades but seem unaware of the risk.
  • IndusInd Bank’s CEO and CFO sold shares in 2023-2024, totaling ₹157 crore.
  • The bank’s CFO resigned in January 2025.
  • RBI has stated that IndusInd Bank’s financial health is stable, and depositors need not worry.
  • Bank’s capital adequacy, provision coverage, and liquidity coverage ratios remain healthy.
  • Derivatives are financial contracts with values derived from underlying assets (stocks, commodities, etc.).
  • They are used for hedging, speculation, and portfolio diversification.
  • Common underlying assets include stocks, bonds, commodities, currencies, interest rates, and market indexes.
  • Derivatives can be traded on exchanges or be OTC (private agreements).

Lapis Lazuli

  • Lapis lazuli is a vivid blue metamorphic rock, valued as a semi-precious gemstone for thousands of years. Its striking blue color comes from lazurite, a rare mineral.
  • The color intensity depends on sulfur content and structure in lazurite. Other minerals like pyrite (gold streaks), calcite (reduces blueness), diopside and sodalite are also present.
  • Major sources include Afghanistan (highest quality), Chile, Russia, and the US.
  • Lapis lazuli has been mined in Badakhshan, Afghanistan, for over 6,000 years.
  • Ancient civilizations, including those of India (Indus Valley, 1000 BCE) and Egypt, used it for jewelry, ornaments, and pigments.
  • In the Renaissance, it was ground into ultramarine blue pigment for paintings.
  • The Lapis Lazuli Corridor, inaugurated in 2018, facilitates trade between Afghanistan and Turkey.
  • The corridor’s name honors the historical trade route that transported lapis lazuli from Afghanistan for millennia.

Lohia’s Birthday

  • Tribute by Prime Minister: Narendra Modi paid tribute to Dr. Ram Manohar Lohia on his birth anniversary, recognizing him as a visionary leader, freedom fighter, and champion of social justice.
  • Socialist and Freedom Fighter: Dr. Lohia was a prominent figure in India’s socialist movement and a key participant in the freedom struggle.
  • Early Political Career: He joined the Congress Socialist Party (CSP) in 1934, served on its executive committee, and edited its journal.
  • Opposition to Colonialism: Lohia actively opposed British involvement in WWII and was imprisoned multiple times for his anti-colonial stance, especially during the Quit India Movement.
  • Political Affiliations: He later became associated with the Praja Socialist Party and subsequently the Socialist Party of India (later the Samyukta Socialist Party).
  • Champion of Social Justice: Lohia championed Sapta Kranti, focusing on individual freedom and gender equality, and advocated for decentralized governance through Chaukhambha Raj.
  • Birth Anniversary Significance: The Prime Minister’s tribute highlights the enduring legacy of Dr. Lohia and his contributions to social justice and India’s development.

TB

  • World Tuberculosis (TB) Day observed on March 24th, with a 2025 theme of “Yes, We Can End TB: Commit, Invest, and Deliver.”
  • India aims to eliminate TB by 2025, ahead of the WHO’s 2030 target.
  • Significant reduction in TB cases and deaths in India over the past decade.
  • TB is a bacterial infection primarily affecting the lungs, spread via airborne droplets.
  • Symptoms include persistent cough (with blood), weight loss, night sweats, fever, fatigue, loss of appetite, chest pain, and swollen lymph nodes.
  • TB is curable with antibiotics, requiring 6-18 months of medication.
  • BCG vaccine offers moderate protection, mostly for severe TB in infants and children.
  • India has a substantial TB burden (over 25% globally).
  • TB patients often seek private care, creating disparities in quality and access.
  • Public-private partnerships are crucial for improved outcomes and patient choice in TB care.
  • Standardized diagnostic pathways are necessary, regardless of public or private care.
  • Availability of anti-TB medicines, especially for drug-resistant TB, needs to be better coordinated between public and private sectors.
  • Public hospitals offer standardized care and free treatment but may lack patient-friendly environments.
  • Private hospitals provide a better ambience but may not adhere to treatment protocols and lack monitoring.
  • India needs pulmonary rehabilitation in primary healthcare for post-TB lung conditions.
  • Best and worst performing states are highlighted based on a TB Performance Index.

India’s Naxal Fight

  • Target and Goal: The Indian government aims to eliminate Naxalism by March 31, 2026. This goal reflects a “zero-tolerance policy.”

  • Multi-Pronged Strategy: The government’s approach combines:

    • Development Programs: Improving infrastructure (roads, schools), skill development, and employment in affected areas.
    • Security Operations: Deploying security forces, including specialized units, to combat Naxal presence.
    • Legal Framework: Using laws like UAPA to ban Naxal groups and empowering tribal communities via the Forest Rights Act and PESA.
    • Surrender and Rehabilitation: Offering incentives for Naxals to surrender and reintegrate into society.
  • Recent Successes:

    • A significant reduction in Naxal-affected districts, from 126 in 2014 to 12 in 2024.
    • A substantial decrease in Naxal-related incidents, from 16,463 (2004-2014) to 7,700 (2014-2024).
    • A sharp decline in casualties among both security forces (73%) and civilians (70%).
    • Increased number of fortified police stations (66 in 2014 to 612 in 2024).
    • Increased operations with recent killings of 22 naxals
    • 90 naxals killed, 104 arrested and 164 surrendered in 2025 so far
  • Underlying Issues: Naxalism stems from landlessness, poverty, underdevelopment, tribal alienation, and state neglect.

  • Government’s Approach and Leadership: The central government is moving forward with a ruthless approach against the Naxalites.


Policing the Digital Giants

  • Meta’s Regulatory Challenges: The Competition Commission of India (CCI) fined Meta and banned data sharing between WhatsApp and other Meta companies, however, the National Company Law Appellate Tribunal (NCLAT) stayed the ban and penalty. This highlights the difficulties in regulating Big Tech.

  • Data Monopolization and its Impact: Data is central to dominance in digital markets. Platforms like Meta leverage user data for algorithms, advertising, and personalized experiences, creating network effects and locking in consumers, and limiting competitor access.

  • Regulatory Lag: India’s Competition Act, 2002, doesn’t adequately address data-centric monopolies. Existing laws focus on traditional markets, failing to account for the digital economy’s reliance on data aggregation and network effects.

  • Fragmented Governance: Lack of coordination between agencies like the CCI and MeitY, and the delayed establishment of the Data Protection Board, hinder effective regulation.

  • Legal Ambiguity: Vague laws allow digital platforms to evade scrutiny, particularly regarding AI-generated content and algorithmic bias.

  • Global Nature of Tech Firms: Transnational operations limit the reach of national laws. Meta’s actions face scrutiny globally (US, EU, Australia), demonstrating the need for international cooperation.

  • Need for Reforms: The article emphasizes the importance of amending the Competition Act to address data monopolization. It suggests introducing “data monopolization” as a parameter to assess market dominance.

  • Recommendations: The reforms necessary include a Digital Competition Act, fast-track dispute resolution, fair competition promotion, multidisciplinary enforcement, and transparency in algorithms.

  • Digital Personal Data Protection Act (DPDP) Act 2023: This act presents an opportunity to complement competition law by regulating data collection, consent, and usage. The article calls for better coordination between CCI and the Data Protection Board to address overlapping concerns and prevent abuse of user information.

  • Antitrust Actions in Other Countries: Other nations, such as the US, EU, and Australia, are also addressing the dominance of tech giants and taking actions for antitrust practices.

Policing the Digital Giants


India’s Incoming Cash

  • India’s remittances reached $118.7 billion in 2023-24, doubling from $55.6 billion in 2010-11.
  • The US contributed the largest share (27.7%) of remittances to India in 2023-24.
  • The UAE remained the second largest source, contributing 19.2% in 2023-24.
  • The US and the UK together accounted for nearly 40% of total bank-routed remittances in FY24.
  • Advanced economies (US, UK, Singapore, Canada, Australia) now account for over half of India’s remittances, shifting from dominance by Gulf countries.
  • The Gulf Cooperation Council (GCC) countries (UAE, Saudi Arabia, etc.) contributed 38%.
  • Maharashtra is the top recipient state for remittances, followed by Kerala.
  • Tamil Nadu is third, followed by Telangana and Karnataka.
  • RBI’s survey data covers 30 banks, two money transfer operators, and two fintech companies (99% of total).

Muni Bonds

  • Municipal Bonds in India: Underutilized: Despite being a crucial funding source for urban infrastructure, municipal bonds are not widely adopted in India.
  • What they are: Debt instruments issued by Urban Local Bodies (ULBs) to finance infrastructure and development projects. Investors receive interest and principal repayment.
  • Advantages: Reduce dependence on government funds, boost financial autonomy, attract private investment, and enable long-term urban financing.
  • Challenges: Low issuance due to significant reliance on state grants (38% of revenue in FY24). Few cities like Pune, Ahmedabad, Surat, Hyderabad, and Lucknow have issued bonds.
  • Spending Patterns: Primarily used for urban water supply and sewerage, followed by renewable energy and river development (FY18-FY25).
  • Boosting Adoption: Strengthening ULB finances, simplifying regulations, introducing credit enhancements, developing a secondary market, and offering tax incentives could increase adoption and attract investors.

Solar Batteries

  • Innovation: Researchers have developed photo-assisted, self-charging energy storage devices (batteries) that utilize both light and atmospheric oxygen for charging.

  • Dual Charging Mechanism: The device charges through two methods: photo-assisted charging (using sunlight) and air-assisted charging (using oxygen from the atmosphere).

  • Improved Performance: The device shows a 170% increase in charge storage capacity under light exposure, reaching a 0.9V open circuit potential in 140 seconds and a peak of 1V.

  • Overcoming Limitations: Addresses the need for energy storage devices with self-rechargeability to go beyond the limitation of the normal photo-assisted batteries which need external charging.

  • Key Materials: Zinc-ion batteries (ZIBs) are used, with vanadium oxide (VO2) and tungsten trioxide (WO3) as key components, where WO3 is used as a charge-separating layer. VO2 layer also acts as an air cathode.

  • Sustainable Solution: This technology is a step towards a carbon-neutral future, offering a sustainable power solution for the future and combining the features of solar energy capturing and conventional batteries.

  • Potential Applications: The technology has potential for large-scale applications in renewable energy storage, electric vehicles, and off-grid power solutions.


City Heat

  • Hyderabad experiences increased nighttime heat stress due to the urban heat island (UHI) effect, particularly from March to August. Nighttime temperatures are 1.9°C higher in the city core than surrounding areas.
  • During the day, the city core is slightly cooler (0.7°C) than peri-urban areas.
  • The UHI effect is caused by factors like reduced green spaces, dense buildings and infrastructure (concrete/asphalt), urban layout (narrow streets), heat released from human activities (traffic, ACs), and global warming.
  • Dark roads absorb and release heat at night, contributing to the UHI effect.
  • Reduced vegetation and high-rise buildings decrease humidity, increasing heat penetration and potentially leading to health issues like heat exhaustion, strokes, cardiovascular stress, skin problems, and immune dysfunction.
  • The UHI effect can impact mental health as well.
  • The Telangana government’s Clean and Green Energy Policy 2025 aims to create cooler, greener cities.
  • Doctors recommend interdisciplinary collaboration between builders, healthcare professionals, and communities to address the problem.

Aurangzeb vs. Marathas

  • Aurangzeb’s Policies:

    • Religious: Strict Sunni Islam, Jizya tax reimposed, persecution of Sikh Guru Tegh Bahadur, temple demolitions (Kashi Vishwanath, Mathura).
    • Administrative: Centralization, financial control over Mansabdars, Daag & Chehra systems, Fatawa-e-Alamgiri (Islamic laws).
    • Economic: Continued Zabt system (high taxes, crop failures), lack of investment, trade restrictions favoring Muslims.
    • Cultural: Reduced patronage to arts, halted monumental architecture.
  • Maratha Empire:

    • Emergence: Founded by Chhatrapati Shivaji (1630-1680), challenging declining powers.
    • Factors: Strategic location (Western Ghats), guerrilla warfare, religious and political unity, administrative/military experience.
  • Chhatrapati Shivaji’s Role:

    • Conflict with Mughals: Raids, Treaty of Purandar, arrest & escape.
    • Administration: Centralized system (Ashtapradhan), provincial divisions, Ryotwari revenue system, abolition of Jagirdari. Military: Disciplined army, cavalry, infantry, navy, guerrilla tactics.
  • Aurangzeb’s Impact on Marathas:

    • Brutal Treatment of Sambhaji: Aurangzeb’s actions fueled Maratha resistance.
    • Prolonged Warfare: Drained Mughal resources.
  • Decline of Maratha Empire:

    • The content does not explicitly focus on reasons for decline of Maratha empire, but highlights the following that contributed to their decline:
      • Prolonged wars which drained finances, increased tax burden and fueled revolts.
      • The Marathas were outnumbered by Mughal army.
  • Aurangzeb’s Legacy:

    • Hated Mughal ruler, controversial policies, tomb’s location sparks debate, his brutality towards Sambhaji.
    • His actions created martyrs.

Shaheed Diwas

  • Shaheed Diwas Commemoration: Celebrated on March 23rd to honor the sacrifice of Bhagat Singh, Rajguru, and Sukhdev.

  • Tribute by Prime Minister: Prime Minister Narendra Modi paid tribute to the freedom fighters, recognizing their contributions and fearless pursuit of freedom and justice.

  • Historical Significance: The day marks the execution of the three freedom fighters by British colonial authorities in Lahore Jail in 1931.

  • Context of the Execution: They were convicted in the 1928 Lahore Conspiracy Case, related to the killing of British officer J.P. Saunders.

  • Revolutionary Background: Bhagat Singh, Rajguru, and Sukhdev were members of the

    Hindustan Socialist Republican Association (HSRA), known for their revolutionary activities against British rule.

  • Individual Profiles:

    • Rajguru: Celebrated for his unwavering resolve against colonial oppression and a proponent of armed resistance.
    • Sukhdev: A key figure in mobilizing youth for the freedom struggle.

Shaheed Diwas


ILP Permits

  • Inner Line Permit (ILP) is a travel document for non-residents to enter restricted areas in NE India states like Arunachal Pradesh, Nagaland, Mizoram, and Manipur. It’s meant to protect indigenous communities.

  • The ILP system’s origins trace back to the Bengal Eastern Frontier Regulation (BEFR) of 1873, aimed at controlling outsider movement and protecting tribal autonomy.

  • Rail projects in Meghalaya are facing opposition. Groups like the Khasi Students’ Union (KSU) and Jaintia pressure groups worry about uncontrolled outsider influx, fearing loss of identity and land.

  • The KSU and Jaintia National Council are using the rail project opposition to negotiate for ILP implementation in Meghalaya.

  • The Northeast Frontier Railways (NFR) has three major projects in Meghalaya: Tetelia-Byrnihat, Byrnihat-Shillong, and Chandranathpur-Jowai. Opposition to these projects is leading the railways to consider halting some of the project, citing opposition from local groups.

  • Meghalaya’s economy relies heavily on local agriculture and small businesses, making road transport inadequate. Proponents of the railways argue it’s vital for economic growth and reducing product costs.

  • Meghalaya has only one operational railway station, Mendipathar, and daily passenger train service runs to Guwahati. Freight services also recently started.


Dumping Tariffs

  • India imposed anti-dumping duties on five Chinese goods (vacuum flasks, aluminum foil, etc.) to protect domestic industries from cheap imports.
  • Dumping is exporting a product below its normal price in the home market.
  • Anti-dumping duties aim to equalize the price difference between imported and domestic goods.
  • The duties are levied to prevent unfair competition and restore fair trade.
  • The WTO permits anti-dumping measures as a fair competition tool.
  • Anti-dumping duties can increase consumer prices and reduce international competition for domestic companies.
  • India’s Directorate General of Trade Remedies (DGTR) administers anti-dumping and countervailing duties (CVD).
  • The Department of Commerce recommends, and the Ministry of Finance levies, these duties.
  • CVD is an import tax countering the negative impact of import subsidies.
  • CVD nullifies the price advantage of subsidized imports.
  • The WTO permits CVD imposition.
  • The anti-dumping duty amount is based on the dumping margin, while CVD depends on the subsidy value.
  • India imposed duties ranging from 35% (for Soft Ferrite Cores) to USD 1,732 per tonne (for vacuum insulated flasks) for varying periods, typically 5 years or 6 months.
  • These duties were imposed after investigations by DGTR to address the unfair trade practices of Chinese imports.
  • The measures aim to create a level playing field for domestic producers.