Affinity test: The Supreme Court wants to fix foolproof parameters to determine if a person belongs to a Scheduled Tribe and is entitled to the benefits due to the community as it is no longer sure about an “affinity test”. Affinity Test is used to shift through anthropological and ethnological traits to link a person to a tribe. There is the likelihood that contact with other cultures, migration and modernization would have erased the traditional characteristics of a tribe. The claim by an applicant that he is a part of a Scheduled Tribe and is entitled to the benefit extended to that tribe, cannot per se be disregarded on the ground that his present traits do not match his tribes. These include peculiar anthropological and ethnological traits, deity, rituals, mode of marriage, death ceremonies, method of burial of dead bodies etc.
Stablecoins: A stablecoin is a type of cryptocurrency that is typically pegged to an existing government-backed currency. Stablecoins hold a bundle of assets in reserve, usually short-term securities such as cash, government debt or commercial paper. Stablecoins are useful because they allow people to transact more seamlessly in cryptocurrencies that function as investments, such as Bitcoin. They form a bridge between old-world money and new-world crypto aslo they promise to function like perfectly safe holdings.
The Frontier 2022 report: The UNEP Annual Frontier Report 2022 was released recently. It was titled ‘Noise, Blazes and Mismatches’. Highlights of the report: Dhaka has been ranked as the noisiest city in the world which is followed by Moradabad, Uttar Pradesh. Five Indian cities have been ranked in this list of being among the noisiest cities of the world which are Asansol, Jaipur, Kolkata, New Delhi, and Moradabad. Irbid, Jordan has been ranked as the world’s quietest city.
Catch the rain campaign: President of India launched the Jal Shakti Abhiyan: Catch the Rain campaign 2022 in New Delhi. Objective: To nudge the states and stake-holders to create appropriate Rain Water Harvesting Structures (RWHS) suitable to the climatic conditions and sub-soil strata before monsoon. Drives to make water harvesting pits, rooftop RWHS etc; Removal of encroachments and de-silting of tanks to increase their storage capacity; > Removal of obstructions in the channels which bring water to them from the catchment areas etc.
V-shaped recovery: In a V-shaped recovery, an economy that has suffered a sharp economic decline experiences a fast and strong rebound. Such recoveries are generally spurred by a significant shift in economic activity caused by rapid readjustment of consumer demand and business investment spending. Because of the economy’s rapid adjustment and quick recovery in the major metrics of macroeconomic performance, a V-shaped recovery can be thought of as a best-case scenario for an economy in recession.