Rapid Fire
Rapid Fire Current Affairs
- 05 Jul 2023
- 5 min read
Death Anniversary of Swami Vivekananda
Prime Minister of India paid homage to Swami Vivekananda on his Punya Tithi (death anniversary) and hailed his inspiring principles for a strong India.
Swami Vivekananda attained Mahasamadhi (death) on July 4, 1902, at the age of 39. It is a day to remember his ideals of service, humanity, and spiritual enlightenment.
Swami Vivekananda was a Hindu monk, philosopher, author, and reformer who introduced Vedanta and Yoga to the Western world. He was the chief disciple of Ramakrishna, a mystic who taught him the unity of all religions. He founded the Ramakrishna Math and Mission, which promotes spiritual and social service, and inspired millions of people with his speeches and writings.
Read more: Swami Vivekananda
The Shape of Flames
Recently, researchers have delved into the intricate dynamics of air flow near a flame and unraveled its complex processes. Flames heat the air around them, making them rise due to being less dense. This creates a low-pressure area near the flame. As a result, cool air from the surroundings flows towards the flame from the sides and below. The presence of oxygen keeps the fuel burning. The air close to the flame gets hotter and moves upwards faster. This process creates a faster outflow of hot air above the flame, with a slower inflow from the sides and below. Eventually, the hot air mixes with the surrounding environment and cools down. It's important to note that this explanation mainly applies to candles or wick stoves and may not be the same for tools like a welder's torch, which have a different fuel supply mechanism.
India's Firms Show Strong Credit Quality and Robust Growth
According to a report by S&P Global Ratings, the companies tracked in India are in a favorable credit position, supported by robust underlying growth and accommodative balance sheets. The report highlights the country's strong economic growth, which is projected to reach 6% in 2023 and 6.9% in 2024, making it the highest in the region. Additionally, the presence of strong onshore liquidity helps counterbalance the challenges posed by tougher external-funding conditions. While companies continue to focus on debt reduction, the pace of deleveraging may slow due to increased capital expenditure.
Deleveraging refers to the process of reducing or eliminating debt in order to improve the financial stability of an individual, company, or economy. It typically involves decreasing the ratio of debt to equity or assets, thereby reducing the overall leverage or indebtedness.
Read more: Credit Ratings
Odisha Government Launches Mo Jungle Jami Yojana
The Odisha government has introduced the Mo Jungle Jami Yojana, a scheme aimed at bolstering forest rights among tribals and forest dwellers across the state's districts. If implemented, Odisha will become the first state in India to recognize community forest rights in addition to individual rights offered by the central government. The scheme aims to ensure livelihood and food security for the Scheduled Tribe and forest dwelling population by granting ownership of land and access to forest resources to the beneficiaries in accordance with their entitlements.
Odisha has a significant number of villages and Scheduled Tribe families that are targeted to benefit from the scheme. With 62 different tribes, including 13 Particularly Vulnerable Tribal Groups (PVTGs), the state’s tribal population accounts for 22.85% of the overall population.
Read more: Particularly Vulnerable Tribal Groups, Forest rights
