Complete information of Corrent affairs of 6 April 2024 by ankit tiwari sir

The hindu current Affairs upsc

3. Headlines
RBI keeps repo rate on hold as food prices remain high - Page No.1
, GS 3
Parliaments past, a mirror to changing dynamics - Page No.6 , GS 2
There will be no independent, sovereign Palestine - Page No.6 , GS
2
Escalation ladder - Page No.6 , GS 2
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5. BIMSTEC, the Bay of Bengal Initiative for Multi-Sectoral
Technical and Economic Cooperation, has its permanent
secretariat in
(a) Kathmandu, Nepal
(b) Dhaka, Bangladesh
(c) Colombo, Sri Lanka
(d) New Delhi, India

6. Ans: (b)
•Explanation:
•The BIMSTEC Charter aims to enhance collaboration among
member countries, including Bangladesh, Bhutan, India, Myanmar,
Nepal, Sri Lanka, and Thailand, in areas such as economic
prosperity, social progress, and connectivity.
•BIMSTEC, established in 1997, seeks to foster cooperation and
development in the region.
•Leadership is rotated in alphabetical order of country names. The
permanent secretariat is in Dhaka, Bangladesh.

7. In which of the following states is Papikonda National Park
situated?
(a) Karnataka
(b) Odisha
(c) Andhra Pradesh
(d) Tamil Nadu

8. Ans: (c)
•Explanation:
•Context: The indigenous knowledge of the Konda Reddi tribe
regarding the Indian laurel tree’s water-storing ability has been
confirmed by forest officials in the Papikonda National Park.
•About Papikonda National Park:
•It is located in Andhra Pradesh.
•A unique dwarf breed of goat known locally as the “kanchu mekha”
originates in this region.

9. ‘Katchatheevu Island’, a small uninhabited island was in news
recently, is located in the
(a) marshes of the Rann of Kutch
(b) Palk Strait
(c) Bay of Bengal
(d) South China Sea

10. Ans: (b)
•Explanation:
•Katchatheevu island, located in the narrow Palk Strait between India
and Sri Lanka, lies approximately 20 kilometres from the
Rameswaram coast of Tamil Nadu, India.

11. Food Waste Index (FWI) Report 2024 is released by the
(a) United Nations Environment Programme
(b) Food and Agriculture Organization
(c) United Nations Environment Programme
(d) Intergovernmental Panel on Climate Change

12. Ans: (a)
•Explanation:
•Released by the United Nations Environment Programme (UNEP).
The report co-authored with WRAP (Waste and Resources Action
Programme) was published ahead of International Day of Zero
Waste (observed annually on 30 March)
•Key Findings: Households across all continents wasted over 1
billion meals a day in 2022, while 783 million people were affected
by hunger and a third of humanity faced food insecurity. Food
Waste generates an estimated 8–10% of global greenhouse gas
emissions.
•Issues: Due to the lack of robust cold chains, hotter countries
generate more food waste per capita in households; Fragmented
food system.

14. Pg no. 1 GS 3

15. •The spike in food prices has kept the Reserve Bank of India (RBI)
worried even though overall inflation has moderated to a certain
extent.
•On Friday, the central bank’s Monetary Policy Committee decided to
keep the policy repo rate under the liquidity adjustment facility
(LAF) unchanged at 6.50%.
•This is the seventh time that the rates have been kept on hold.
•“The Monetary Policy Committee (MPC) remains focused on
aligning inflation to the target on a durable basis. We derive
satisfaction from the progress made under disinflation. But the task
is not yet finished,” RBI Governor Shaktikanta Das said at a post-
meeting press conference.

16. What is Liquidity Adjustment Facility (LAF)?
•A LAF is a monetary policy tool used in India by the RBI through which it injects
or absorbs liquidity into or from the banking system.
•It was introduced as a part of the outcome of the Narasimham Committee on
Banking Sector Reforms of 1998.
•LAF has two components - repo (repurchase agreement) and reverse repo. When
banks need liquidity to meet its daily requirement, they borrow from RBI through
repo. The rate at which they borrow fund is called the repo rate. When banks are
flush with fund, they park with RBI through the reverse repo mechanism at
reverse repo rate.
•It can manage inflation in the economy by increasing and reducing the money
supply.
•LAF is used to aid banks in resolving any short-term cash shortages during
periods of economic instability or from any other form of stress caused by forces
beyond their control.

17. •Monetary policy refers to the policy of the central bank with regard
to the use of monetary instruments under its control to achieve the
goals specified in the Act.
•The primary objective of the RBI’s monetary policy is to maintain
price stability while keeping in mind the objective of growth.
•Price stability is a necessary precondition to sustainable growth.
•The amended RBI Act, 1934 also provides for the inflation target
(4% +-2%) to be set by the Government of India, in consultation with
the Reserve Bank, once in every five years.

18. •The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance
Act, 2016 to provide for a statutory and institutionalized framework for a MPC.
•Under Section 45ZB of the amended RBI Act, 1934, the central government is
empowered to constitute a six-member MPC.
•Function: The MPC is entrusted with the task of fixing the benchmark policy rate
(repo rate) required to contain inflation within the specified target level.
Composition:
•MPC will have six members - the RBI Governor (Chairperson), the RBI Deputy
Governor in charge of monetary policy, one official nominated by the RBI Board,
and the remaining three members would represent the Government of India.
•The external members hold office for a period of four years.
•The quorum for a meeting shall be four Members, at least one of whom shall be
the Governor and, in his absence, the Deputy Governor, who is the Member of the
MPC.
•The MPC takes decisions based on a majority vote. In case of a tie, the RBI
governor will have the second or casting vote.
•The decision of the MPC would be binding on the RBI.

19. Pg no. 6 GS 2

20. •The Office of the Prime Minister found itself inundated with 1,146
questions from Rajya Sabha Members of Parliament, of which only 28
were answered.
•Interestingly, just as in the the House of Elders, the notices directed at the
Prime Minister’s Office witnessed a sharp decline also in the House of the
People — from 5,000 during the 15th and 16th Lok Sabhas to a mere 1,700
in the 17th Lok Sabha — underscoring waning interest in seeking
answers from the apex executive office.
•In the bustling corridors of Parliament, where policy debates and national
concerns intersect, a notable shift in parliamentary focus has been
quietly underway. Over the past three Lok Sabhas, a discernible trend has
emerged, shedding light on the evolving interests and priorities of our
elected representatives.

21. Pg no. 6 GS 2

23. • Before October 7, 2023, there was some possibility of a Palestinian state
emerging at some time, even with several caveats.
•Many rounds of negotiations took place between the two sides to work
out a detailed road map of how the two-state solution would look. In
January, 2001, in Taba, they came close to reaching an agreement.
•The probability is of the Gaza war escalating into a wider, regional
conflict. Mr. Biden is very concerned about this possibility and his
Secretary of State, Antony J. Blinken, has been travelling in the region to
prevent such an escalation and to secure some sort of a cease-fire.

24. Pg no. 6 GS 2

26. •The April 1 attack on an annex of the Iranian embassy in
Damascus was a major point of escalation in the multifaceted
conflict that has been spreading across West Asia since October
7, 2023.
•Iran blamed Israel for the strike, in which 13 Iranians, including
Mohammed Reza Zahedi, a top commander who was in charge of
the Quds Force’s Syria operations, were killed.
•Israel neither confirms nor denies claims that it was behind such
attacks, but it is an open secret that it has been carrying out
operations across the region targeting Iranian military and
nuclear figures.

27. •When the Chinese embassy in Belgrade was bombed in May 1999 by
the U.S., the then U.S. President Bill Clinton issued a public apology,
stating it to be an accident. But in the case of Damascus, the attacker’s
precision strike was aimed at killing a group of IRGC figures. Many in
Iran see this as an act of war.
•Six months of fighting has turned Gaza into an open graveyard with a
death toll of over 33,000, a majority of them women and children.
•An open war between Israel and Iran, which could drag the U.S. in,
would be a security disaster for the whole region and an economic
nightmare for the wider world. Iran should not walk into the trap set
by Israel.
•It should show strategic patience and restraint and the U.S., Israel’s
most important diplomatic and military supporter, should restrain its
closest ally from acting rogue again.

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