Project NAMAN
Why in News: Recently, the Indian Army initiated the first phase of Project NAMAN.
📜 About Project NAMAN
- Objective: Project NAMAN aims to provide dedicated support and services to Defence Pensioners, Veterans, and their families.
- SPARSH Integration: The project centers around implementing SPARSH (System for Pension Administration Raksha), a digital pension system designed to streamline pension processes and create accessible facilitation points for Veterans and Next of Kin (NOK) nationwide.
🏢 Establishment and Collaboration
- Reception and Facilitation Centres: The project involves setting up reception and facilitation centres, established through a tripartite Memorandum of Understanding (MoU) signed in September 2023 between the Indian Army’s Directorate of Indian Army Veterans, Common Service Centre (CSC), e-Governance India Limited, and HDFC Bank Limited.
- Common Service Centres (CSCs): These centres are dedicated to Army Veterans, Pensioners, War Widows, and NOKs, offering SPARSH-enabled pension services, Government to Citizen (G2C) services, and Business to Consumer (B2C) services all in one location.
📍 Phase One Implementation
- Initial Setup: In the first phase of Project NAMAN, 14 CSCs have been established at strategic locations across India, including New Delhi, Jalandhar, Leh, Dehradun, Lucknow, Jodhpur, Bengdubi, Gorakhpur, Jhansi, Secunderabad, Saugor, Guntur, Ahmedabad, and Bangalore.
- Service Expansion: This initiative provides essential care and support not only to veterans but also extends services to the entire resident population of military stations and nearby localities.
👥 Management and Support
- Village Level Entrepreneurs (VLEs): Each CSC is managed by a Village Level Entrepreneur (VLE), chosen from veterans or NOKs by the Local Military Authorities (LMAs). These VLEs are trained by CSC e-Governance India Limited to deliver the required services.
- Financial Assistance: HDFC Bank provides VLEs with a monthly grant of ₹20,000 for the first 12 months to support the stabilization and sustainability of the centres.
Research and Analysis Wing (R&AW)
Why in News: A 55-year-old man pretending to be an officer from the Research and Analysis Wing (R&AW) was recently arrested after being caught intimidating local residents.
📊 About Research and Analysis Wing (R&AW)
- Establishment: Founded in 1968, R&AW was created to manage India’s international intelligence operations.
- Oversight: Currently, R&AW operates under the Prime Minister’s Office.
🔍 Working Mechanism
- Intelligence Collection: The agency gathers military, economic, scientific, and political intelligence through both covert and overt operations.
- Monitoring Activities: R&AW is tasked with monitoring terrorist activities and smuggling operations involving weapons and ammunition entering India.
🏛️ Formation and History
- Pre-1968: Before 1968, the Intelligence Bureau (IB) was responsible for both internal and external intelligence in India.
- Post-1962 Conflicts: Following the 1962 China-India war and the 1965 Indo-Pakistani war, India established R&AW as a separate entity focused on external intelligence.
- Significant Contributions: Since its establishment, R&AW has been instrumental in providing intelligence support for various major operations abroad.
International Monetary Fund (IMF)
Why in News: During his re-election campaign, the President of Sri Lanka recently defended the bailout provided by the International Monetary Fund.
🌍 About the International Monetary Fund (IMF)
- Foundation: The IMF is a specialized agency of the United Nations, established at the Bretton Woods Conference in 1944.
- Origins: It was created in response to the economic challenges of the Great Depression in the 1930s.
🎯 Objectives
- Global Cooperation: Supports global monetary cooperation and financial stability.
- Economic Growth: Facilitates international trade, promotes high employment, sustainable economic growth, and poverty reduction.
- Surveillance and Assistance: Monitors the economic health of member countries, provides policy advice, lends to countries with balance-of-payments issues, and offers technical assistance and training.
- Conditional Funding: IMF loans often come with conditions requiring recipient countries to implement reforms to enhance growth and stability.
🏢 Structure
- Board of Governors: The top governing body, consisting of one governor and one alternate governor from each member country. This board holds all IMF powers.
- Executive Board: Oversees daily operations with 24 members representing the entire membership, supported by IMF staff.
- Managing Director: Heads the IMF staff and chairs the Executive Board, typically a European, assisted by four Deputy Managing Directors.
- Departments: The IMF has 18 departments handling country, policy, analytical, and technical work.
💵 Quotas and Contributions
- Quota System: Each member contributes a sum of money known as a quota subscription. Quotas are reviewed every five years based on a country’s wealth and economic performance.
- Loanable Funds: Quotas form a pool of loanable funds and determine borrowing limits and voting power.
🗳️ Voting Powers
- Determination: Voting power in the IMF is based on quotas. Votes are calculated as one vote per 100,000 special drawing rights (SDR) of quota plus basic votes.
- SDRs: Special Drawing Rights are an international reserve currency created by the IMF to supplement existing money reserves of member countries.
Nazca Ridge
Why in News: A team of oceanographers has recently identified and mapped a new seamount on the Nazca Ridge, located in international waters, 900 miles off the coast of Chile.
🌊 About Nazca Ridge
- Location: The Nazca Ridge is a submarine ridge situated in the southeastern Pacific Ocean, off the coast of South America.
- Dimensions: It stretches approximately 1,100 kilometers (684 miles) in length and varies in width.
- Extension: The ridge extends from the Nazca Plate, located off the coast of Peru, and runs southwest toward Easter Island, Chile.
- Formation: It was created by volcanic activity related to a hotspot in the Earth’s mantle.
- Composition: The ridge consists of unusually thick basaltic ocean crust.
- Tectonic Activity: It is tectonically active and is currently being subducted beneath the South American Plate at the Peru-Chile Trench.
🏔️ What is a Seamount?
- Definition: A seamount is an underwater mountain with steep sides that rises from the seafloor.
- Origins: Most seamounts are remnants of extinct volcanoes and are typically cone-shaped but may have other features like craters and linear ridges. Some, known as guyots, have large flat summits.
- Size Criteria: To be classified as a seamount, the feature must rise at least 1,000 meters (3,300 feet) above the surrounding seafloor.
- Distribution: Seamounts are found in every world ocean basin.
- Formation Locations: They often form near mid-ocean ridges, where tectonic plates are diverging, allowing molten rock to reach the seafloor. Some seamounts are also found near intraplate hotspots or in oceanic island chains with volcanic and seismic activity known as island arcs.