Nano-MIND Technology
Why in News: Researchers from the Korean Institute of Basic Science have developed a magnetogenetics technology called Nano Magnetogenetic Interface for NeuroDynamics (Nano-MIND), which has been successfully demonstrated on mice.
About Nano-MIND Technology:
- Nano-MIND (Magnetogenetic Interface for NeuroDynamics) technology introduces new possibilities for understanding and manipulating complex brain functions such as cognition, emotion, and motivation.
- It allows for wireless, remote, and precise modulation of specific deep brain neural circuits using magnetism.
- Mechanism: This innovative approach uses magnetic fields and magnetized nanoparticles to selectively activate targeted brain circuits, representing a significant advancement over existing methods of brain manipulation.
- Highlights of the Research:
- Neuronal Activation: The research team demonstrated the technology’s capabilities by activating specific neurons in different brain regions of mice.
- Maternal Behaviors: Activation of inhibitory GABA receptors in the medial preoptic area (MPOA), responsible for maternal behaviors, led to significantly increased nurturing behaviors in non-maternal female mice, mimicking those of maternal mice.
- Feeding Behaviors: The researchers regulated feeding behaviors by targeting motivation circuits in the lateral hypothalamus:
- Inhibitory Neurons: Activation resulted in a 100% increase in appetite and feeding behaviors in mice.
- Excitatory Neurons: Activation led to a more than 50% reduction in appetite and feeding behaviors.
- Significance: This represents a significant step forward in neuroscience research and could have far-reaching implications for the development of Brain-Computer Interfaces (BCIs) and the treatment of neurological disorders.
Ideas4LiFE portal
Why in News: The Union Minister for Environment, Forest, and Climate Change recently unveiled Ideas4LiFE at IIT Delhi.
About Ideas4LiFE Portal:
- Purpose: Launched to invite ideas for products and services that promote environmental-friendly lifestyles and behavioral changes.
- Objective:
- To encourage and motivate students, faculty, and research scholars to contribute innovative ideas to the global Mission LiFE initiative.
- Provides a significant opportunity for creative minds to engage in a global movement focused on environmental sustainability.
Key Facts about Mission LiFE:
Mission LiFE (Lifestyle for Environment) is an India-led global movement aimed at encouraging individual and community actions to protect and preserve the environment.
- Launch: Introduced at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow in November 2021.
- Goals: To mobilize one billion Indians and people from other countries to adopt sustainable lifestyles.
- Embodies the P3 model: Pro Planet People.
Strategy:
- Demand: Encourages individuals to adopt simple yet effective environmentally friendly actions in their daily lives.
- Supply: Enables industries and markets to swiftly respond to the changing demand for sustainable practices.
- Policy: Influences government and industrial policies to support sustainable consumption and production.
National Culture Fund
Why in News: The Union Minister for Culture and Tourism recently updated the Lok Sabha about the National Culture Fund.
About National Culture Fund:
Establishment:
- Established as a Trust on November 28, 1996, under the Charitable Endowment Act of 1890.
- Created to mobilize additional resources through Public-Private Partnerships (PPP) for the promotion, protection, and preservation of India’s tangible and intangible cultural heritage.
Objectives:
- Conservation and Maintenance: Administer and apply the Fund for the conservation, maintenance, promotion, protection, preservation, and upgradation of monuments, whether protected or not.
- Training and Development: Provide training and develop a cadre of specialists and cultural administrators.
- Museum Development: Facilitate the expansion of existing museums and the construction of new museums to create additional and specialized galleries.
- Documentation: Document cultural expressions and forms that are fading or at risk of extinction.
Features:
- Governing Council: Managed by a Governing Council chaired by the Hon’ble Minister of Culture, with up to 25 members responsible for policy decisions.
- Executive Committee: Executed by an Executive Committee led by the Secretary (Culture), with up to 11 members.
- Tax Benefits: Donations to the National Culture Fund are eligible for 100% tax benefits under Section 80G (ii) of the Income Tax Act, 1961.
- CSR Contributions: NCF’s activities fall under Schedule VII No. (v) of the Companies Act, 2013, making it a valid recipient of Corporate Social Responsibility (CSR) contributions, including protection of national heritage, restoration of historical buildings, public libraries, and promotion of traditional arts.
- Auditing: Annual accounts are audited by the Comptroller and Auditor General of India.
- Donations: Receives donations from corporates, PSUs, trusts, and individuals for the maintenance and preservation of centrally protected monuments and cultural projects. Donors must comply with the terms and conditions of the MoU for specific projects.
Advanced Land Navigation System
Why in News: Recently, the Acceptance of Necessity (AoN) was granted for the procurement of the Advanced Land Navigation System (ALNS) Mk-II for the Armoured Fighting Vehicles (AFVs) of the Indian Army.
About Advanced Land Navigation System:
It is a Ring Laser Gyro (RLG) based navigation system.
Functionality:
- Designed for traversing paths defined by coordinates from military maps in ESM format.
- Provides Inertial, GPS, and Hybrid Navigation data to meet various navigation needs.
- Equipped with high levels of encryption to ensure it is spoof-proof.
Operational Modes:
- Inertial Mode: Operates solely on inputs from the Inertial Sensor.
- Hybrid Mode: Combines inputs from both the inertial sensor and GPS receiver, selecting the most accurate data for navigation calculations.
- GPS Mode: Functions independently of inertial sensor inputs.
Compatibility:
- Navigation Systems: Compatible with Indian Regional Navigation Satellite System (IRNSS), NAVigation using Indian Constellation (NavIC), Global Positioning System (GPS), and Global Navigation Satellite System (GLONASS).
- Maps: Offers compatibility with Defence Series Maps, ensuring high accuracy in navigational applications for Armoured Fighting Vehicles (AFVs).
- Procurement: The ALNS Mk-II will be procured from Bharat Electronics Limited (BEL), Chennai, under the Buy Indian-Indigenously Designed Developed and Manufactured (IDDM) category.
Liquidity Coverage Ratio (LCR)
Why in News: The RBI recently released draft guidelines for banks regarding the Liquidity Coverage Ratio (LCR), instructing them to maintain a larger reserve of liquid securities as a buffer against deposits.
About Liquidity Coverage Ratio (LCR):
Definition:
The Liquidity Coverage Ratio (LCR) measures the proportion of highly liquid assets that financial institutions must hold to ensure they can meet their short-term obligations, specifically cash outflows over a 30-day period.
Rationale:
The 30-day period is chosen because, in a financial crisis, government and central bank responses typically take about this long.
Purpose:
The LCR ensures that banks and financial institutions have adequate capital to withstand short-term liquidity disruptions.
Origins:
- The LCR was established under the Basel III framework, developed by the Basel Committee on Bank Supervision (BCBS).
- In India, the RBI introduced Basel III liquidity guidelines in 2012 and implemented the LCR in January 2015.
Requirements:
According to a 2020 circular, banks must maintain sufficient High Quality Liquid Assets (HQLA) at all times to cover unexpected withdrawals.
Calculation:
- LCR Formula: LCR = (High Quality Liquid Assets (HQLA)) / (Total net cash outflows over the next 30 calendar days)
- HQLA Definition: Assets that can be quickly and easily converted into cash with minimal or no loss in value, including cash, reserves with central banks, and central government bonds.
Indian Context:
In India, Statutory Liquidity Ratio (SLR) eligible assets, which banks are required to maintain under the Banking Regulation Act, 1949, can be considered HQLA for LCR purposes if they exceed the required amount. This supports the maintenance and optimization of liquidity requirements.