. No.

Topic Name

Prelims/Mains

1.     

About the New START Treaty

Prelims & Mains

2.     

Details of the Waqf Board

Prelims & Mains

3.     

About Pingali Venkaiyya

Prelims Specific Topic

4.     

Details of the Financial Inclusion Index

Prelims Specific Topic

1 – About the New START Treaty:GS II

Topic à International Relations

 

·       The Russian Federation and the United States of America signed the New START Treaty, which outlines measures for further reducing and limiting strategic offensive weaponry.

·       The agreement goes into force on February 5, 2011.

·       It is intended to replace the START framework, which in 1991 set a limit on the number of warheads and strategic delivery vehicles that might be deployed by either side (after the conclusion of the Cold War).

·       It continues the bipartisan process of verifiably reducing the strategic nuclear arsenals of the US and Russia by restricting each side to 700 strategic launchers and 1,550 operational warheads.

·       Unless it is renewed for an additional five years, it ends in February 2021.

 

Source à The Indian Express

 

2 – Details of the Waqf Board:GS II

Topic à Statutory and Non-Statutory Bodies

 

·       About:

 

·       the giving of money or other resources to religious or charitable causes in the name of God.

·       According to the law, the permanent dedication of any movable or immovable property for any purpose recognised by Muslim law as pious, religious, or benevolent by a person professing Islam

 

·       How are Waqf Boards formed?

 

·       A property may become a waqf if it has been continuously utilised for religious or charity purposes for a long time; otherwise, a waqf may be created by the drafting of a deed or other legal document.

·       The funds are commonly used to support mosques, cemeteries, schools, and shelter homes.

·       The waqf would remain an ongoing entity, making it impossible for the individual who founded it to regain the assets.

·       A non-Muslim may also create a waqf, but they must do it with Islamic goals in mind and in a way that declares Islam.

 

·       What is the Waqf Board’s procedure?

 

·       It is governed by the 1995 Waqf Act.

·       According to the Act, a survey commissioner is expected to conduct local research, speak with witnesses, and acquire public records in order to compile a list of all properties that have been designated as waqf.

·       A manager who doubles as a mutawali oversees the waqf’s activities. Despite the fact that trusts can be created for motives other than charitable and religious ones, it is equivalent to one created in compliance with the Indian Trusts Act of 1882. In contrast to a waqf, a trust can also be disbanded by the board.

 

·       It is allowed to buy, hold, and transfer any kind of property.

·       Due to its status as a legal organisation or juristic person, the board is able to bring legal claims and be sued in court.

 

·       Composition:

 

·       The Waqf Board, which consists of a chairperson, one or two state government nominations, Muslim lawmakers and parliamentarians, Muslim state bar council members, recognised Islamic scholars, and mutawalis of waqfs with an annual income of Rs. 1 lakh and more, is present in every state.

 

·       Other information:

 

·       According to the law, the Waqf Board is responsible for overseeing the waqf’s assets and must get permission before transferring any immovable property owned by a waqf via a sale, gift, mortgage, exchange, or lease. However, unless at least two-thirds of the Waqf Board members vote in favour of the transaction, the sanction will not be granted.

 

Source à The Hindu

 

 

3 – About Pingali Venkaiyya:

Prelims Specific Topic

 

·       Who was he?

 

·       He was born on August 2, 1876, in Andhra Pradesh.

·       His other name is “Jhanda Venkaiah.”

·       Pingali Venkayya was a nationalist who also designed the Indian National Tricolor.

·       The current national flag was created by him.

 

·       The evolution of India’s national flag:

 

·       Between 1918 and 1921, Venkayya brought up the idea of owning a personal flag during each session of Congress. At the time, he was a lecturer at Machilipatnam’s Andhra National College.

·       He ran across the Mahatma again in Vijayawada, and this time he showed him his book with the various flag designs. At the national congress meeting in 1921, Gandhi acknowledged the necessity for a new national flag and asked Venkayya to design it.

·       Saffron and green were the primary colours utilised at initially, but Venkayya later added a white third colour and a spinning wheel to the composition. (LALA HANS RAJ SONDHI Recommended Including a Spinning Wheel to Show Independent Indians Who Are Capable of Spinning Their Own Clothes From Local Fibers.)

·       The flag was formally accepted by the Indian National Congress in 1931.

 

Source à The Indian Express

 

4 – Details of the Financial Inclusion Index:

Prelims Specific Topic

 

·       About:

 

·       The index was conceptualised as a comprehensive index that incorporated data on the banking, investments, insurance, postal, and pension sectors in collaboration with the government and the pertinent sectoral regulators.

·       It will be unveiled in July of each year.

·       It was created without the use of a “base year,” and as a result, it is an accurate representation of all of the stakeholders’ cumulative efforts to advance financial inclusion across time.

 

·       Aim:

 

·       To assess the country’s overall level of financial inclusion.

 

·       Parameters:

 

·       It collects information on several aspects of financial inclusion in a single value between 0 and 100, where 0 represents complete financial exclusion and 100 represents full financial inclusion.

·       Its three main components are Access (35 percent), Usage (45 percent), and Quality (20 percent), each of which is made up of numerous dimensions and is determined by a number of different metrics.

·       According to the index’s criteria for service usability, accessibility, and quality, all 97 indications are responsive.

 

·       The index’s relevance:

 

·       Financial services are measured for internal policy-making purposes, and information on the extent of financial inclusion is made available.

·       It can be used right away as a composite indication of progress.

·       comply with the G20 indicators The criterion for the G20 Financial Inclusion Indicators can be met as a result of this.

·       On a national and worldwide level, the G20 indicators assess the state of digital financial services and financial inclusion.

·       Researcher Assistance: The study of the consequences of financial inclusion and other macroeconomic issues is also made simpler for researchers.

 

Source à The Hindu

 

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