[Mission 2022] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 24 FEBRUARY 2022 – INSIGHTSIAS

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InstaLinks help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions in your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their static or theoretical background. This helps you study a topic holistically and add new dimensions to every current event to help you think analytically

Current Affairs

 

Table of Contents:

 

 

GS Paper 2:

1. Tribunal Reforms Act of 2021.

 

GS Paper 3:

1. What is fair and remunerative price (FRP)? How is it paid?

2. What is quantum tech demo by DRDO and IIT Delhi all about?

3. What are NFTs?

4. Umbilical cord blood and its significance.

5. Prevention of Money Laundering Act.

 

Facts for Prelims:

1. Narsinh Mehta.

2. Who are Angadias?

3. panruti cashew.

4. Karakattam Dance.


What are NFTs?

GS Paper 3: Topics Covered: Developments in Science and Technology. Context: NFTs are gaining massive popularity now because they are …
Read More

Facts for Prelims:

 

Narsinh Mehta:

  • Narsinh Mehta is regarded as adikavi (the first poet) and bhakta kavi (devout poet) in Gujarati literature.
  • He is the the 15th century poet who was a devotee of Lord Krishna.
  • His bhajans are integral part of Gujarat’s cultural life even six centuries after they were written.

Why in News?

A controversy has erupted over naming a spider species after him – Narsinhmehtai.

  • Members of Nagar sub-caste group of Brahmin community, in which Mehta was born, and admirers of the poet objected to the nomenclature, arguing the bard was already a global name and that there was no need to associate his name with a spider.

Current Affairs

 

Who are Angadias?

The Angadia system is a century-old parallel banking system in the country where traders send cash generally from one state to another through a person called Angadia that stands for courier.

  • It is by and large used in the jewellery business with Mumbai – Surat being the most popular route as they are two ends of the diamond trade.
  • The cash involved is huge and it is the responsibility of the Angadia to transfer cash from one state to another for which they charge a nominal fee.
  • Generally, it is the Gujarati, Marwari and Malbari community that are involved in the business.

Is it legal?

While the Angadia system per se is legal, there hangs a cloud over the activity as it is suspected that a lot of times it is used to transfer unaccounted money.

 

Current Affairs

 

Panruti cashew:

Panruti cashew is mainly found in Tamil Nadu. This is unique because of its taste and quality. Although these cashew nuts are slightly smaller in size, they have a distinct market value. It is commonly known as the ‘gold mine’ of Cuddalore in Tamil Nadu.

  • It is commonly cultivated in laterite & red soils as well as coastal sands.
  • Tamil Nadu Cashew Processors and Exporters Association (TNCPEA) has applied for Geographical Indication (GI) tag for ‘Panruti Cashew’.

 

Karakattam Dance:

  • Karakattam is an ancient folk dance of Tamil Nadu performed in praise of the rain goddess Mariamman (the rain goddess).
  • The performers balance a pot on their head.

Why in News?

An organization has demanded that Karakattam (also known as Kumbakkali in certain parts) be recognised as the agricultural art form of Kerala.

 

Current Affairs

 

Articles to be covered tomorrow:

  1. Solar Proton Events.
  2. Avalokiteshvara Padmapani (Buddha).

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