DAILY CURRENT AFFAIRS ANALYSIS
1 – Emmy Awards: GS II – International Issues
What do you mean by the Emmys?
- The most prestigious awards for performances in television and new media are the Emmy Awards.
- They aren’t granted for films, in contrast to the Oscar and Golden Globe awards.
- The first Emmy Awards ceremony was held on January 25, 1949, while the idea for the awards dates back to 1948.
- The term “Emmy” merely designates the award; it has no other meaning.
- The image-orthicon camera tube, which was crucial to the advancement of television technology, was dubbed “Immy” in the original plan.
- Later on, “Emmy,” a more feminine name, was added.
Various Emmy Award types:
The following categories are included in the Emmy Awards, in addition to the Primetime and International Emmy Awards:
- during the day,
- athletics,
- both news and documentary
- engineering and technology, and
- Television programmes created solely in America and broadcast during primetime are recognised with Primetime Emmy Awards.
- For international shows, there are international Emmy Awards.
- American programmes that air in the late morning and afternoon are eligible to win Daytime Emmy Awards.
- Regional television markets, such as state-to-state programming, local news, and locally produced shows, are eligible for the Regional Emmy Awards.
Who gives the Emmys?
- Three sister organisations present these prizes.
- The organisation in charge of the Primetime Emmy Awards is the Television Academy.
- The National Academy of Television Arts & Sciences is in charge of the news, sports, documentary, and daytime divisions.
- The organisation in charge of the International Emmy Awards is the International Academy of Television Arts & Sciences.
- Every organisation has a membership of television professionals who cast votes to choose the winner.
Source: The Hindu
2 – Ghol fish: GS III – Environmental Conservation:
About the Ghol Fish:
- One of the biggest fish in India is the ghol fish.
- This species of marine ray-finned fish is a member of the Sciaenidae family.
- Within the monospecific genus Protonibea, it is the only species.
- The fish, which is golden-brown in hue, is found in the marine regions of Gujarat and Maharashtra.
- In various regions of the world, it is also referred to as the Black Spotted Croaker fish (Protonibea diacanthus).
- In many nations, ghol fish is prized for its therapeutic qualities in addition to being a delicacy.
- Gujarat exports ghol fish bladder, which is a high-value commodity.
- The meat and air bladder of the fish make it lucrative and in high demand.
- The air bladder of the ghol fish is utilised in medicines and is also utilised to produce wine and beer.
- The Ghol fish measures about 1.5 metres in length.
- The price of a Ghol fish increases with its length.
- The Ghol fish can cost up to Rs 5 lakh per unit of length.
- From the Persian Gulf to the Pacific Ocean, the Indo-Pacific region is home to a large population of ghol fish.
Why did the ghol get picked?
- The ghol was selected by the Gujarati government due to its uniqueness and economic worth.
- Gujarat will be able to participate in its conservation efforts thanks to the announcement.
Factors contributing to the announcement:
- distinctiveness of the fish species since it is a hard species to find.
- The fish’s economic worth
- Prevent overexploitation and emphasise the need for conservation.
The fish’s commercial importance:
- Since this is a costly kind of fish, not much is known about its consumption in the area.
- The fish is quite popular in China and other nations.
- Due to its great therapeutic value, it is primarily transported to China, Hong Kong, and other Asian nations.
Source: The Hindu
3 – Access platform for investor risk reduction: GS III – Economy related issues
About the platform IRRA:
- The BSE, NSE, NCDEX, MCX, and Metropolitan Stock Exchange of India (MSE) are the stock exchanges that collaborated on the development of IRRA.
- The Investor Risk Reduction Access (IRRA) platform serves as a “safety net” for investors in the event that a stock broker or trading member registered with SEBI experiences technological difficulties.
- The IRRA platform is accessible to trading members who wish to provide their investors with internet-based trading and security trading using wireless technologies.
- Institutional clients and algo traders would not be able to access it.
- In the event that there is a problem with the stock brokers, investors will have the chance to close open positions and cancel pending orders.
- It is solely intended to cancel orders that are still outstanding, not to accept new positions or orders.
How will the platform be operated by IRRA?
- Trading members may use IRRA if a technical issue arises that prevents them from servicing customers across exchanges from both the primary site and the disaster recovery site.
- Exchanges for stocks can also keep an eye on things like social media posts, order flow, and connection.
- In addition, stock exchanges have the authority to automatically start the IRRA service, even in the absence of a trading member request for it.
- The exchanges will activate this service on their own initiative only if the trading member’s trading services are disrupted across all of the exchanges of which they are a member.
- Following initial verification, the platform uploads trades from all trading venues of the trading member upon invocation and provides investors with a link to access IRRA by SMS or email for those who trade online or via wireless technology.
About SEBI:
- The market regulator and statutory authority that oversees India’s securities industry is SEBI.
- Sebi’s primary responsibilities include promoting and regulating the securities market as well as safeguarding the interests of securities investors.
- Sebi is managed by its members on the board.
- A chairman and a number of other full- and part-time members make up the board.
- The union government proposes candidates for the chairmanship.
Among the others are:
- two individuals from the ministry of finance,
- one representative from the Indian Reserve Bank and
- The Centre has nominated five additional members.
- Sebi’s regional offices are placed in Ahmedabad, Kolkata, Chennai, and Delhi, while the organization’s headquarters are in Mumbai.
Past:
- The regulatory body was Controller of Capital Issues prior to the establishment of Sebi.
- The Capital Issues (Control) Act of 1947 gave it authority.
- Sebi was established in 1988 to oversee the capital markets in India.
- At first, Sebi lacked any statutory authority and operated as a non-statutory entity.
- It was granted statutory and independent powers in 1992 when Parliament passed the Sebi Act.
Source: The Hindu
4 – Vajra Prahar Exercise: GS III – Internal Security of India
Important information:
- This is the Vajra Prahar Exercise’s fourteenth edition.
- The Indian Army and US Army Special Forces collaborated on Exercise VAJRA PRAHAR.
- Its goal is to exchange experiences and best practices in areas including cooperative mission planning and operational tactics.
- 2010 saw the holding of the inaugural tournament in India.
- The 13th iteration of the joint special forces exercise between the US and India took place in Himachal Pradesh.
Source: The Hindu
