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Daily Prelims 7th October 2023

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    Daily Prelims 7th October 2023

    1) Cable Television Networks (Regulation) Act, 1955: The Ministry of Information and Broadcasting has notified amendments in the Cable Television Networks Rules, 1994 

    • It provides the operational mechanism for implementation of the decriminalized provisions of the Cable Television Networks (Regulation) Act, 1995.  
    • Aim: to make the Cable Television Networks (Regulation) Act, of 1995 more business-friendly and to boost investor confidence and ease of doing business.  
    • Sections of the act were re-examined and were decriminalized through the Jan Vishwas (Amendment of Provision) Act, 2023.  
    • The imprisonment provisions have been now replaced with monetary penalties and other non-monetary measures like Advisory, Warning, etc. 

     

    2) Organization for Security and Cooperation in Europe (OSCE) Minsk Group: India supports OSCE Minsk Group for a peaceful resolution of the conflict between Armenia and Azerbaijan over Nagorno-Karabakh region.  

    • OSCE is the world’s largest regional security organization with 57 participating states.  
    • Established in 1994, it is co-chaired by France, Russia, and the United States.  
    • Its permanent members are Belarus, Germany, Italy, Sweden, Finland, and Turkey, as well as Armenia and Azerbaijan 

     

    3) India-UAE agreements: Agreement signed during a meeting of the UAE-India High-Level Joint Task Force (JTF) on Investments include:  

    • MoU for cooperation in the fields of Industry and Advanced Technology with focus on seven key areas.  
    • Agreement between Al Etihad Payments and NPCI International Payments Limited (NIPL) to develop the UAE’s Domestic Card Scheme (DCS).  
    • DCS solution provided by NIPL consists of a RuPay stack and value-added services like fraud monitoring services and analytics.  
    • JTF was established in 2013 to promote trade, investment and economic ties between both countries 

     

    4) Services Purchasing Managers Index (PMI): Services PMI, grew to 13 year high in September according to S&P Global Market Intelligence.  

    • The growth in services in September was due to effective marketing, favorable demand, and improved new businesses.  
    • The PMI is a survey-based indicator based on the responses of around 400 service companies released by S&P global. 

     

    Places in News: 

    1) Pangong Tso Lake: Pangong Lake (at 4,350m height) is an endorheic (landlocked) lake in Leh Ladakh.  

    • It is the world’s highest saltwater lake.  
    • It falls in the Eastern Ladakh and West Tibet (1/3rd of the lake lies in India and remaining 2/3rd in China).  
    • It is also known to change colors (appears blue, green and red at different times).  
    • It is not a part of the Indus River basin.  
    • Formerly, Pangong lake had an outlet to Shyok River (tributary of Indus) but it was closed off due to natural damming 

     

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