Daily Current Affairs Quiz 26 May 2023

d) Ministry of Heavy Industry

The Ministry of Heavy Industry is planning to increase the outlay for the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) scheme this financial year.
The Ministry recently held a stakeholder consultation with e2-W manufacturers to deliberate the proposed changes to the scheme.

c) Judiciary

Forum Shopping of Lawyers

· It is a practice where litigants file their legal case in a court which they believe is probable of providing a favorable verdict.

· It will happen when litigants or lawyers attempt to deliberately move their case to a particular judge or Court where they think the judgment could be more favorable.

· For example, one could directly approach the Supreme Court via a public interest litigation case instead of the concerned High Court.

· Forum Non Conveniens – It refers to a court’s discretionary power to decline to exercise its jurisdiction where another court, or forum, may more conveniently hear a case.

· Using this power, the court can dismiss a case in the interests of justice and the parties while allocating it to the appropriate bench.

CJI Chandrachud condemns forum shopping.

d) Economics

Nobel laureate Robert E Lucas has recently passed away at the age of 85. He was an American economist at the University of Chicago.
Dr. Lucas, the recipient of the 1995 Nobel Prize in economic sciences, was best known for his role in developing a concept called the theory of rational expectations approach in macroeconomics.

c) National Investigation Agency

As part of the Operation Dhvast, a massive day-long operation was conducted by the National Investigation Agency.
This operation was conducted in 8 states in terrorist-gangster-drug smugglers nexus cases, along with Haryana Police and Punjab Police.

d) 1, 2 and 3

They are advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit, which is about one-third of the generating capacity of traditional nuclear power reactors. Hence, statement 1 is correct.

Working: SMRs work on similar principles as conventional nuclear reactors by using thermal energy from nuclear fission to generate electrical power. Hence, statement 2 is correct.

· Easy to set up: SMRs are factory fabricated and can be operated by any agency. They need not be set up on location like traditional nuclear power plants.
· Low Cost: The cost of operation of SMRs is very low compared to conventional plants. They also require less area to set up.

· Private participation: There is a potential for larger participation of the private sector. New inventions can make the technology cost-effective.

· Reduced fuel Usage: SMRs have lower fuel requirements. They can operate up to 30 years without refueling, making them suitable for using in remote areas where transport of fuel is not feasible.

· High Safety: SMRs are safer to operate due to their low fuel use and operating capacity. Their radioactivity is also lower.

· In addition, they do not need external interference to shut down if needed. Hence, statement 3 is correct.

Science and Technology Minister recently said that India is working on new technologies such as the small modular reactors.