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Daily Prelims 1st January 2024

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    Daily Prelims 1st January 2024

    1) Marine Energy Conversion Systems Sectional Committee (MECSSC): Bureau of Indian Standards (BIS) formed a dedicated technical committee MECSSC to promote standardization in the field of Marine Energy Conversion Systems (MECS).

    • BIS is the National Standard Body of India established under the BIS Act, 2016.
    • Objectives of MECSSC
      • Set comprehensive standards and guidelines for various aspects related to MECS.
      • Foster collaboration, innovation, and knowledge exchange in MECS.
    • MECSs are a group of technologies designed to extract energy from the ocean and convert it into electricity.
    • Marine energy sources include waves, tides, ocean thermal energy, etc

     

    2) Eurasian otter: Recently, Eurasian otter was found in the Chinnar Wildlife Sanctuary in Kerala.

    • Features: Shy, nocturnal, good swimmer and fish catcher etc.
    • Habitat: Semi-aquatic, lives in water bodies, marshes, swamp forests, coastal areas etc.
    • Distribution:
      • World: Europe, Asia and Africa.
      • India: Northern, northeast and southern India.
    • Conservation Status:
      • IUCN List: Nearly Threatened
      • Wildlife Protection Act: Schedule I
      • CITES: Appendix I
    • Threats: Pollution, poaching, habitat loss, accidental trapping etc.

     

    3) Foreign Exchange Management Act (FEMA), 1999: RBI released a draft Licensing Framework for Authorised Persons (APs) under FEMA, 1999. APs are entity authorized by RBI to deal in forex.

    • Objective: Facilitate external trade and payments; promote orderly development and maintenance of forex market in India.
    • Major provisions: Related to holding of forex, power of RBI to inspect APs etc.
    • Forex transactions under FEMA have been classified into :
      • Current Account Transaction.
      • Capital Account Transaction.
    • FEMA replaced Foreign Exchange Regulation Act (FERA), 1973.

     

    4) International Court of Justice (ICJ): South Africa filed a case at ICJ against Israel accusing it of crimes of genocide acts in Gaza.

    • Genesis: Established in 1945 by Charter of UN and began work in 1946.
    • One of the 6 principal organs of UN, it is the only one not located in New York.
    • Role:
      • Settle legal disputes submitted to it by States.
      • Gives advisory opinions on legal questions.
    • Composition: 15 judges (eligible for re-election) elected to nine-year terms by UNGA and UNSC.

     

     

    Places in News:

    1) Nicaragua (Capital: Managua):

    • Recently a Nicaragua-bound plane carrying Indians was grounded in France over concerns of “human trafficking”.
    • Political features:
      • It is a country in Central America.
      • Bordering nations: Honduras (north) and Costa Rica (south).
      • Bordering water bodies: Caribbean Sea (east) and Pacific Ocean (west).
    • Geographical features:
      • Major mountains: Yolaina, Amerrique, Huapí.
      • Major volcanoes: Momotombo, San Cristóbal, Concepción.
      • Major rivers: Negro, Estero Real, Tamarindo.
      • Major lakes: Nicaragua, Lake Tiscapa etc.
      • Highest point: Mogotón Peak (2,103 metres).

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