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PRELIMS FACTS 04-06-2018

FACT # 1

AGNI V

 

Why in news? Sixth trial of Agni-5 has been successfully conducted by India.

Agni V:

  • It was launched at Dr Abdul Kalam Island in the Bay of Bengal which was the sixth trial of the Agni-5.
  • Other missiles in Agni series are:
    • Agni-1 with 700-900 km range
    • Agni-2 with 2,000-3000 km range
    • Agni-3 with 3500-5000 km range
    • Agni-4 with 3000-4000 km range
  • Agni 5 has the farthest reach among all Indian missiles.

Agni-5 specifications:

  • Agni 5 is a surface-to-surface missile.
  • The three-stage missile is about 17 metres long and weighs 50 tonnes.
  • The first rocket engine equipped with the missile lifts it to a height of about 40 km.
  • The second stage pushes it to about 150 km.
  • The third stage takes Agni-5 to about 300 km above the Earth and the missile finally reaches a height of about 800 km.
  • The missile is able to travel faster than a bullet and can carry with it at least a 1,000 kg of nuclear weapon.
  • Agni-5 is also the most advanced among Indian missiles with new technologies in terms of navigation and guidance, warhead and engine.
  • It has the most advanced systems to ensure that the missile reaches the target point within few meters of accuracy, such as:
    • Navigation systems
    • Ring Laser Gyro based Inertial Navigation System (RINS)
    • Micro Navigation System (MINS)
  • The missile has been programmed in such a way that after reaching the peak of its trajectory it will turn towards the earth and continue its journey towards the intended target with an increased speed due to gravitational pull.
  • The path has been precisely directed by the advanced onboard computer and inertial navigation system.
  • As the missile enters the earth’s atmosphere, the atmospheric air rubbing the skin of the missile during the re-entry phase raises the temperature beyond 4,000 degrees Celsius.
  • However, the carbon-carbon composite heat shield continues to burn sacrificially, protecting the payload and maintaining the inside temperature below 50 degrees Celsius.
  • Geographically, the missile’s cover space ranges from all of China in the East to all of Europe in the West.
  • With Agni 5, India has moved a step closer towards joining the exclusive club of countries with ICBMs (missiles with a range of over 5,000-5,500km), alongside:
    • US
    • Russia
    • China
    • France
    • UK

FACT # 2

FINANCIAL LITERACY WEEK

 

Why in news? The Reserve Bank of India (RBI) observes ‘Financial literacy week’ every year in June across the whole country.

Financial literacy week:

  • RBI had introduced financial literacy week in 2016 to create a large scale awareness on key topics.
  • Non-Governmental Organisations collaborate with banks and made this initiative successful in the past two years.
  • The main objective of observing the financial literacy week is to emphasize the importance of financial literacy.
  • The Reserve Bank of India has chosen customer protection as theme for the Financial Literacy Week of 2018.
  • This week long event will focus on creating awareness among customers of banks about financial products and services, good financial practices and going digital.
  • The week will focus on four consumer protection messages like ‘know your liability’ for unauthorised electronic banking transaction and Good practices for a safe digital banking experience.
  • Customers will be told that in case of unauthorised digital transaction if bank is informed within 3 days, the liability of the account holder is zero.
  • Resolution of complaint is to be done by the bank concerned within period not exceeding 90 days from the date of receipt of the complaint.
  • Also banks have been asked to also create awareness about Banking Ombudsman scheme of the RBI.
  • Bankers, Financial Literacy Counsellors (FLCs) and other stakeholders will participate to create awareness.

FACT # 3

BLUE FLAG BEACHES OF INDIA

Why in news? 13 Indian beaches are set to be developed as per ‘Blue Flag’ standards.

Blue flag certification:

  • This certification is granted to beaches on the basis of:
    • Cleanliness standards
    • being environment friendly
    • equipped with amenities of international standards for tourists
  • To make the beaches tourist-friendly as per Blue Flag standard a beachneeds to be plastic-free and have efficient waste management system in place.
  • Also it has to strictly comply with 33 tourism and environment related conditions.
  • As of now, there is no single beach in Asia that has passed the standards of Blue Flag.
  • This standard certification was established by Copenhagen-based Foundation for Environmental Education (FEE) in 1985.
  • The Blue Flag certification first started in Paris.
  • Then, in the next two years, nearly all the European beaches were developed as per the Blue Flag standard.
  • The Blue Flag campaign then started spreading outside Europe, to South Africa, in 2001.
  • In India, the Environment Ministry started the initiative of developing Indian beaches as per the Blue Flag certification as a pilot project in 2017.

 

Blue flag beaches of India:

  • 13 Indian beacheshave been chosen to get the Blue Flag certification.
  • Beaches from Maharashtra, Odisha and other coastal states will be the first ones from Asiato become eligible for the Blue Flag certification.
  • The Society for Integrated Coastal Management (SICOM) has been working on the management of coastal areas as per the standards of Blue Flag certification.

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