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Daily Prelims Booster 26th April 2023

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    Daily Prelims Booster 26th April 2023

    1) First Information Report (FIR): It is a written document prepared by the police when they receive information about the commission of a cognizable offence.

    • The term FIR is not defined in the Indian Penal Code (IPC), Code of Criminal Procedure (CrPC), 1973, or in any other law.
    • However, in police regulations or rules, information recorded under Section 154 of CrPC is known as First Information Report (FIR).
    • There are three important elements of an FIR: The information must relate to the commission of a cognizable offence, It should be given in writing or orally to the head of the police station, It must be written down and signed by the informant, and its key points should be recorded in a daily diary.

    2) Zafar Mahal: This is the last structure built by the Mughals and served as a summer palace for the Mughal family in Mehrauli village, Delhi.

    • It was built in memory of the Hazrat Khwaja Qutubuddin Bakthiar Kaki, the renowned Sufi saint to whom almost all the Mughal Emperors were disciples.
    • It was started by Emperor Akhbar Shah II and was finished by the last Mughal emperor, Bahadur Shah Zafar, who also gave it the present name of Zafar Mahal.
    • It consists of two components: one being the Mahal established by Akbar Shah and the other being the entrance gate (Hathi Gate) developed by Bahadur Shah Zafar II.
    • The famous festival or the annual procession known as Phulon ki Sair also starts from here and is a festival that had long ago been started by the Khawja Bhaktiyar Kaki himself as a protest against the British.

    3) Operation Kaveri: It is a rescue operation being carried out by the Indian Government to bring back Indian citizens stranded in Sudan.

    • Sudan has been witnessing deadly fighting between the country’s army and a paramilitary group, the paramilitary Rapid Support Forces (RSF) that has reportedly left several hundred’s dead.

    4) Exercise INIOCHOS-23: It is an annual multi-national air exercise hosted by the Hellenic Air Force, the air force of Greece.

    • It is based on the Single Base Concept, which means the entire exercise takes place from a single air base. It will be conducted at the Andravida Air Base in Greece.
    • The Indian Air Force (IAF) recently announced that it will take part in Exercise INIOCHOS-23 in Greece.

    5) Markets in Crypto Assets (MiCA): Recently, the European Parliament has approved MiCA regulation, the world’s first comprehensive set of rules that aims to bring unregulated cryptocurrency markets under government regulation.

    • The regulations will not only apply to traditional cryptocurrencies like Bitcoin and Ethereum but also to newer ones like stablecoins.
    • However, it will not regulate digital assets that would qualify as transferable securities and function like shares or their equivalent and other crypto assets that already qualify as financial instruments under existing regulation. It will also exclude non fungible tokens
    • The rules require every crypto asset service provider (CASPs) to get incorporated as a legal entity in the EU. They can get authorized in any one member country and will be allowed to conduct their services across the 27 countries.
    • The rules also address environmental concerns surrounding crypto, with firms forced to disclose their energy consumption as well as the impact of digital assets on the environment.

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