theIASHub | 25 Jan, 2025 | 126
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Pralay Ballistic Missile: The Defence Research and Development Organisation (DRDO) is set to showcase the Pralay missile at this year’s Republic Day parade.
o Range: Approximately 400 km, complementing BrahMos and Parahar missiles for standoff strikes.
o Features: Twin launcher configuration on Ashok Leyland 12x12 high-mobility vehicle.
ü Payload capacity: 500-1,000 kg.
ü Powered by solid-propellant rocket motor.
ü State-of-the-art navigation system and integrated avionics.
o Missile capabilities: Quasi-ballistic trajectory with precision targeting & Supports multiple warheads for various target types.
o Capabilities: Produces a common surveillance picture over secured Army networks.
ü Enhances battlefield decision-making for Command and Army Headquarters.
o Development: Jointly developed by Indian Army and Bharat Electronics Limited.
o Technologies: Equipped with advanced sensors, analytics, & satellite communication.
Fiscal Health Index 2025: The NITI Aayog has recently released its first Fiscal Health Index (FHI).
o Achievers: Odisha, Chhattisgarh, Goa, Jharkhand.
ü Odisha topped with the highest overall index score of 67.8.
o Report Coverage: Covers 18 major States contributing significantly to India's GDP, demography, public expenditure, revenues, and fiscal stability.
o Achievers: Mineral-rich States with high capital outlay and revenue surplus.
o Front-Runners: Maharashtra, Uttar Pradesh, Telangana, Madhya Pradesh, Karnataka.
o Performers: Tamil Nadu, Bihar, Rajasthan, Haryana.
o Aspirational: Punjab, Andhra Pradesh, West Bengal, Kerala (facing fiscal challenges).
o Top Achievers: High capital outlay (up to 4% of GSDP), effective non-tax revenue mobilisation, and low interest payments (up to 7% of revenue receipts).
o Front-Runners: High developmental expenditure (up to 73%), consistent tax revenue growth, and balanced fiscal management with debt-to-GSDP ratio of 24%.
o Aspirational States: Struggling with fiscal and revenue deficit targets and Low revenue mobilisation, high debt burden, and poor debt sustainability.
o Odisha: Tops debt index (99.0) and debt sustainability (64.0), maintains low fiscal deficits, strong debt profile, and high capital outlay/GSDP ratio.
o Kerala and Punjab: Low quality of expenditure and poor debt sustainability.
o West Bengal: Faces revenue mobilisation and debt index issues.
o Andhra Pradesh: High fiscal deficit.
o Haryana: Poor debt profile.
Purchasing Managers’ Indices (PMI): Private sector output and growth levels fell to a 14-month low, as per HSBC Flash PMI.
o It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before.
o It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
NVS-02 Satellite: The Indian Space Research Organisation (ISRO) is set to launch its 100th satellite on-board GSLV-F15 from Sriharikota on January 29.
o Second of five second-generation satellites developed to replace existing IRNSS satellites.
o Satellite Features: Equipped with Made-in-India atomic clocks for improved accuracy.
o Utilises L1 frequency (used in the US GPS) for better compatibility with smaller devices like fitness trackers with increased lifespan of 12 years.
o First satellite IRNSS-1A launched in 2013 with a 10-year mission life.
o Replacement needed for satellites with malfunctioning atomic clocks.
o Replacement satellite IRNSS-1H failed to reach orbit due to PSLV heat shield malfunction.
Historic Milestone: 17th flight of the GSLV vehicle, with the 11th flight using the indigenously developed cryogenic engine.International Year of Cooperatives 2025: The inaugural function of the International Year of Cooperatives 2025 was recently held in Mumbai, Maharashtra.
o 12-Month Program: To celebrate the Year of Cooperatives, expanding the cooperative movement and fostering transparency and inclusiveness.
o Umbrella Organization: Virtual launch of the National Urban Cooperative Finance and Development Corporation (NUCFDC).
o Integration of digital banking, mobile banking, and online transactions with Urban Cooperative Banks.
o Model Bylaws for PACS: 10,000 M-PACS training program initiated, with a goal to establish a PACS in every village panchayat.
o Sectoral Developments
o Ethanol Production: Boosting profitability of sugar mills.
o Sugar Export: Approval of 10 lakh tonnes for better pricing, benefiting Maharashtra’s cooperative sugar mills.
o Employment Creation: Cooperatives to generate jobs in agriculture and rural areas.
o Major Announcements: Tribhuvan National Cooperative University which will focuses on producing skilled professionals for cooperatives.
Kodaikanal Solar Observatory (KSO): The International Solar Conference was recently held in Bengaluru.
o Pioneer in solar astrophysics in India.
o The digitization of KSO records and contributions to the Aditya-L1 mission.
o Mentioned the upcoming National Large Solar Telescope at Merak, Ladakh.
Thirukkural: The Union Minister of State for Information and Broadcasting, announced a Global Thirukkural Conference to be held soon in New Delhi.
About: The Tirukkuṟaḷ or shortly the Kural is a classic Tamil language text on commoner's morality consisting of 1,330 short couplets, or kurals, of seven words each.
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