2 Minute Series_22th May 2025

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1. Financial Fraud Risk Indicator (FRI)

Financial Fraud Risk Indicator (FRI): Recently, the Department of Telecommunications (DoT) launched the Financial Fraud Risk Indicator (FRI), a data-driven tool to help financial institutions identify mobile numbers potentially linked to fraud.

  • About FRI : A risk-based classification system that categorizes mobile numbers as Medium, High, or Very High risk based on their association with fraudulent activities.

၀ The tool draws intelligence from multiple sources:

- Reports filed on the National Cybercrime Reporting Portal (NCRP) by the Indian Cybercrime Coordination Centre (I4C)

- DoT’s Chakshu platform

- Alerts and reports from banks, NBFCs, and UPI platforms.

  • How FRI Works: When a stakeholder flags a mobile number, it undergoes multi-dimensional analysis to determine its fraud risk level.

၀ This intelligence is then shared with banks, UPI providers, and other financial institutions via the Digital Intelligence Platform (DIP).

၀ FRI helps institutions implement additional customer protection measures or block high-risk transactions linked to flagged numbers.


2. Asiatic Lion

Asiatic Lion : Recently, Gujarat achieved a major conservation milestone as its latest Asiatic lion census reported a 32% increase in the population over the past five years.

၀ As of May 2025, India’s Asiatic lion population has risen to 891, up from 674 in 2020. The census was conducted across 58 talukas in 11 districts, including Junagadh, Amreli, and Bhavnagar.

  • About Asiatic Lions: The Asiatic lion (Panthera leo persica), also known as the Persian or Indian lion, is a distinct subspecies of lion found exclusively in India.

၀ Its last remaining natural habitat is the Gir National Park and Wildlife Sanctuary in Gujarat.

  • Conservation Status: Due to successful conservation efforts, the IUCN has upgraded the Asiatic lion's status from Endangered (2008) to Vulnerable (2025).

CITES: Appendix I and Wildlife Protection Act (India): Schedule I


3. Global Critical Minerals Outlook 2025

Global Critical Minerals Outlook 2025: Recently, the Global Critical Minerals Outlook 2025 highlighted that despite rising demand, critical mineral prices fell in 2024 due to a supply surge from China, Indonesia, and the Democratic Republic of the Congo (DRC).

  • Price Trends: Rapid supply growth, especially in battery metals—has driven prices down.

၀ Production of lithium, cobalt, nickel, and graphite has doubled compared to late 2010s levels.

၀ Prices have returned to pre-pandemic levels, reversing 2021–22 spikes.

၀ Lithium: Down 80% since 2023 (after 8x rise in 2021–22).

၀ Graphite, cobalt, nickel: Prices fell by 10–20% in 2024.

  • Strong Demand from Clean Energy: Demand continues to surge despite falling prices.

Lithium: Demand up 30% in 2024 (vs. 10% average in 2010s).

၀ Nickel, cobalt, graphite, rare earths: 6–8% growth.

Driven by:

-  EVs and battery storage

- Renewable energy and grid infrastructure

- In China, grid expansion is now the largest driver of copper demand.

၀ 85% of battery metal demand growth is energy-related.

  • The report warns that even short-term disruptions could have serious global consequences. A sustained supply shock may increase battery pack prices by 40–50%, which could:

၀ Raise consumer prices and reduce industrial competitiveness

၀ Widen manufacturing cost gaps between regions, especially disadvantaging producers outside China

၀ Undermine global efforts to diversify battery supply chains if cost disparities persist.


4. International Treaty on Plant Genetic Resources for Food and Agriculture

International Treaty on Plant Genetic Resources for Food and Agriculture : Recently, civil society organisations in Asia opposed proposed changes to the International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA), warning they could undermine benefit-sharing and exploit agricultural biodiversity.

  • About ITPGRFA: A legally binding international agreement adopted in November 2001 at the 31st session of the Food and Agriculture Organization (FAO) in Rome.

    ၀ It came into force on June 29, 2004, and currently has 154 Contracting Parties, including India.

    ၀ The treaty aims to support food and nutritional security and promote climate-resilient agriculture globally.

    ၀ Recognizing the interdependence of countries on Plant Genetic Resources for Food and Agriculture (PGRFA), it establishes a global framework for access and benefit sharing.

    ၀ It also acknowledges indigenous peoples and small-holder farmers as vital custodians of the world’s food crops.

    Key objectives include: Recognizing farmers’ contributions to crop diversity worldwide.

    - Creating a global system for farmers, plant breeders, and scientists to access plant genetic materials.

    - Ensuring fair sharing of benefits derived from the use of genetic materials with the countries of origin.


5. Amrit Railway Stations

Amrit Railway Stations : Recently, Prime Minister is set to inaugurate 103 newly redeveloped Amrit railway stations via video conference.

  • About ABSS: Launched in February 2023 by the Ministry of Railways, ABSS is an ongoing mission to redevelop railway stations across India.

၀ Focuses on the long-term, phased development of stations through detailed master plans.

၀ Adopts a holistic approach, considering the unique needs of each station.

၀ Aims to transform stations into modern, well-equipped hubs and eventually into vibrant city centres.

  • Key Features: Modern Passenger Amenities: Clean waiting areas, upgraded restrooms, amenities for differently-abled passengers, and food outlets.

Traffic Circulation: Separate entry/exit points, widened roads, footpaths, and improved parking.

Inter-modal Integration: Seamless connectivity with buses, taxis, and auto-rickshaws.

Upgraded Signage: Clear, multilingual signs to assist passengers.

Sustainability Measures: Energy-efficient lighting and appliances.

Eco-friendly Infrastructure: Rainwater harvesting systems, Green spaces ,Ballastless tracks to reduce noise and vibration and Roof plazas for commercial and passenger use.




6. International Booker Prize 2025:

International Booker Prize 2025: Recently, Heart Lamp, a collection of 12 short stories by Kannada writer, lawyer, and activist Banu Mushtaq, won the International Booker Prize 2025.

၀ This marks a historic first for both Kannada literature and for a short story collection in the prize’s history.

၀ Translated into English by Deepa Bhasthi, the collection spans stories written between 1990 and 2023, offering poignant insights into the lives of Muslim women facing patriarchy, poverty, and spiritual longing.

  • About the International Booker Prize: Awarded annually for a single fiction book translated into English and published in the UK or Ireland.

Prize Money: £50,000, shared equally between the author and the translator.

၀ Launched in 2005 as the Man Booker International Prize, initially held biennially.

၀ Became an annual prize in 2016, open to living authors of any nationality.

၀ Renamed the International Booker Prize in 2019.

Eligible Works: Both novels and short story collections.

First Indian Winner: Geetanjali Shree for her Hindi novel Tomb of Sand in 2022.

၀ In 2024, Alhierd Bacharevič won the International Booker Prize for his novel Alindarka’s Children, translated into English by Jim Dingley and Petra Reid.


7. Golden Dome Missile Defense System

Golden Dome Missile Defense System: Recently, U.S. President unveiled the finalized design of the Golden Dome missile defense system—a multi-domain shield inspired by Israel’s Iron Dome, spanning land, sea, and space.

  • About Golden Dome Missile Defense System:A next-generation missile defense initiative unveiled by Donald Trump in January 2025, aimed at creating a comprehensive shield using space-based and terrestrial technologies.

Purpose and Objectives: Defend the U.S. mainland against long-range missile threats, including ICBMs from nations like Russia and China.

- Realize space warfare capabilities by enabling early interception of ballistic and hypersonic missiles.

  • Strategic Importance: Poised to make the U.S. the first nation to operationalize a fully space-based missile shield.

၀ Reinforces U.S. supremacy in missile defense amid intensifying global tensions and arms races in space militarization.

၀ Inspired by Israel’s Iron Dome,the Golden Dome extends protection to long-range and space threats, offering full defense for the entire U.S. mainland rather than just a limited region.


8. Kurma Mela

Kurma Mela: Recently, over seven lakh Olive Ridley turtles arrived for mass nesting (arribada) at Odisha’s Rushikulya beach, a remarkable event celebrated as a sign of ecological recovery.

  • Olive Ridley Turtles : Scientific Name: Lepidochelys olivacea {Vulnerable (IUCN Red List)}
  • Nesting Patterns & Ecological BehaviorsArribada Phenomenon: A rare mass nesting behavior where thousands of females nest synchronously, often over just a few nights.

Philopatry: Turtles exhibit strong site fidelity, returning to the exact beach of their birth, guided by the Earth’s geomagnetic imprint.

Site Selection Cues: Factors like nutrient-rich cold-core eddies, beach gradient, salinity, rainfall, and predation risks influence where they choose to nest.

Temperature-Linked Sex Ratio: Warmer sand temperatures lead to a higher number of female hatchlings, making climate a key determinant of population dynamics.

  • Habitat Range: Tropical and subtropical oceans, primarily nesting along Mexico and Central America’s Pacific coastlines
  • Indian Significance: Odisha is a key global nesting region, supporting some of the largest turtle congregations worldwide. Locations :

၀ Gahirmatha Beach

၀ Devi River Mouth

၀ Rushikulya River Mouth



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