Daily Current Affairs – Nov 30, 2023
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Sindhudurg Fort
GS- I >> History>> Location
Context: Indian Navy will conduct ‘Operational Demonstration’ covering naval operations by the ships and aircraft at Sindhudurg Fort.
About Sindhudurg Fort (means ‘Sea Fort’):
- Historical fort that occupies an islet in Arabian Sea, off the coast of Malvan town, Maharashtra.
- Built by Maratha Ruler Chhatrapati Shivaji.
- Its construction began in 1664 and was completed after 3 years.
- Its main entrance is concealed in such a way that no one can locate it from outside.
- Fort houses a handprint and a footprint of Shivaji Maharaj etc.
Source: pib.gov.in
Lithuania
GS- I >> Geography>> Mapping
Context: India and Lithuania held a meeting to strengthen maritime bilateral relations.
About Lithuania:
Political features:
- Location: Located in northeastern Europe, the southernmost and largest of the three Baltic states (other two Estonia, and Latvia).
- Boundaries: Latvia to the north, Belarus to the east and south, Poland and the detached Russian blast of Kaliningrad to the southwest, and the Baltic Sea to the west.
Geographical features:
- Important rivers: Nemunas River
- Largest lake: Lake Drūkšiai
- Highest point: Aukstojas Hill
- Language: Lithuanian is considered the oldest surviving Indo-European language in the world.
Source: newsonair.gov.in
Golan Heights
GS- II >> International Relations>> West Asia
Context: India voted in favour of a draft resolution in the United Nations General Assembly (UNGA) concerning the Israeli withdrawal from the Syrian Golan.
About Golan Heights:
- Rocky plateau, 1,800km², Israel-Syria border.
- 1967: Israel occupied Golan Heights, West Bank.
- 1973: Syria attempted to retake, but defeated.
- Armistice signed in 1974, UN observer force.
- 1981: Israel permanently acquired Golan Heights.
- Status: International community sees as disputed territory.
- Negotiation attempts between Israel and Syria failed.
Source: www.thehindu.com
Web3
GS- III >> Science & Technology>> Information Technology
Context: ‘Unlocking the Web3 Potential’ report released by Primus Partners
About Web3:
- Web3 is described as future of the internet, it includes cryptocurrencies, Non-Fungible Tokens, Decentralized Autonomous Organizations (DAOs), and more.
- It provides a version of the web where users have a financial stake and more control over the web communities they belong to.
- Web 1 also called the Static Web, enabled easy access to information.
- Web 2 built on advancements in web technologies, enabled interactive platforms e.g., Facebook etc.
Key findings:
- In 2022, India held 11% of the global Web3 developer pool, ranked 3rd worldwide.
- Web3 sector is projected to create 2.2 million direct jobs in India in next decade.
Application of Web3:
- Decentralized Finance: Open access to financial services without intermediaries.
- Asset Tokenization: Convert physical/digital assets into digital tokens offering fractional ownership, liquidity, etc.
- Digital Identity and Ownership: Secure maintenance of ownership of digital identity.
- Metaverse: Create an immersive, inter-connected virtual experience.
Recommendations:
- Recognize Web3 as a separate vertical under Startup India.
- Global emphasis on coordinated monitoring and enforcement.
- Identify primary regulator and define licensing and registration requirements.
- Establish regulatory sandboxes, etc.
Source: www.thehindubusinessline.com