10 PM Daily Current Affairs Quiz | June 24 2021

• In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

Source: Article

For the first time, an electoral trust (under Electoral Trust Scheme, 2013) has declared donation through electoral bonds. But it hasn’t revealed the names of the political parties that received the money, citing anonymity guaranteed under the electoral bond scheme. 

According to the Association of Democratic Reforms (ADR), this “practice is against the spirit of the Electoral Trusts Scheme, 2013. 

About the Scheme:  

• Electoral Trust is a non-profit organization formed in India for orderly receiving of the contributions from any person. 
• Electoral Trusts Scheme, 2013 was notified by the Central Board of Direct Taxes (CBDT). The provisions related to the electoral trust are under Income-tax Act, 1961 and Income tax rules-1962. 
• Objective: It lays down a procedure for grant of approval to an electoral trust which will receive voluntary contributions and distribute the same to the political parties. 

• A political party registered under section 29A of the Representation of the People Act, 1951 shall be an eligible political party and an electoral trust shall distribute funds only to the eligible political parties. 

Source: The Hindu 

• Statement 1 is correct: It is a statutory body as it was established in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

• Statement 2 is incorrect: Chairman is nominated by the government and is usually an-IAS level officer.

Source: Article

Recently, the 60th anniversary of the Antarctic Treaty was celebrated. 

• The Antarctic treaty remains the only example of a single treaty that governs a whole continent. 

• The Antarctic Treaty was signed between 12 countries in Washington on 1st December 1959 
• The Treaty makes the the Antarctic Continent a demilitarized zone to be preserved for scientific research only. 
• Antarctica is defined as all of the land and ice shelves south of 60°S latitude. 
• Head Quarters: Buenos Aires, Argentina. 

Source: Down To Earth 

• Statement 1 is incorrect: For filing a public interest litigation (Article 32 or Article 226 of the Constitution), the plaintiff need not have a personal interest or claim in the matter. The PIL must serve a matter of public interest.

• Statement 2 is correct:  A PIL cannot be filed against a private party. A private party, however, can be included as the respondent after the concerned authority is made a party to the PIL.

Source: Article

Recently Ministry of Culture and Ministry of Ports, Shipping and Waterways  sign an MoU for Cooperation in Development of National Maritime Heritage Complex(NMHC) at Lothal, Gujarat.

About NMHC:

• It would be developed as an international tourist destination, where the maritime heritage of India from ancient to modern times would be showcased.

• There will also be many pavilions where all coastal states in India and union territories can showcase their artifacts and maritime heritage.
• The unique feature of NMHC is the recreation of ancient Lothal city, which is one of the prominent cities of the ancient Indus valley civilization.

• According to the Archaeological Survey of India (ASI), Lothal had the world’s earliest known dock, which connected the city to an ancient course of the Sabarmati river

Source: PIB

• The Pratas Islands are located in the northern part of the South China Sea under the jurisdiction of the Republic of China (Taiwan)

Source: Article

Recently, a special court in Mumbai granted bail to an accused of sexually assaulting a minor as he was suffering from Peter Pan Syndrome (PPS).

About Peter Pan Syndrome:

• It is a psychological condition that is used to describe an adult who is socially immature.

• People who develop behaviours of living life carefree, finding responsibilities challenging in adulthood, and basically never growing up suffer from PPS.
• The term was coined by psychologist Dan Kiley to explain the behaviour of such men who ‘refuse to grow’ and behave their age in 1983.
• Dan Kiley got the idea of PPS after noticing Peter Pan, a fictional character created by Scottish novelist James Matthew Barrie.
• The WHO (World Health Organization) does not recognise Peter Pan Syndrome as a health disorder, many experts believe it is a mental health condition that can affect one’s quality of life.

Source: The Indian Express

• Assembly seats in J&K were delimited in 1963, 1973 and 1995. The last exercise was conducted by the Justice (retired) K K Gupta Commission when the state was under President’s Rule and was based on the 1981 census, which formed the basis of the state elections in 1996. 

 Source: Article 

Chinese telecom gear giant Huawei Technologies has sought permission for access to the government’s ‘Trusted Telecom Portal’ so that it can share details about the telecom products which telecom service providers have agreed to buy from it.

What is the ‘Trusted Telecom Portal (TTP)’?

Government recently launched a ‘trusted telecom’ portal as a part of the national security directive on the telecommunications sector.

• Background: The development has come following the government’s efforts to ensure security of telecom networks, especially wrt fifth generation (5G) service. The initiative is widely believed to discourage the use of China-made gear in the country’s core networks.
• The new portal is under the Cyber wing of the National Security Council Secretariat
• Objective: Portal will mandate telecom service providers to use equipment through trusted or authentic sources only.

• How will it work?

• The TSPs will be able to access the Trusted Telecom Portal and indicate the telecom products they plan to buy, along with the vendor.
• The details of these vendors, the products, the critical components and their sources are then populated in the portal by the telecom service providers. Vendors will also be given access to the portal.
• The government will assess the vendors and the sources of the components to determine trusted sources and trusted products and this decision will be intimated to the vendor and the telecom provider.