UPSC Prelims Facts – 26 June 2024

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The newly elected Members of Parliament (MP) of the 18th Lok Sabha have started taking oath. 

  • Dealt under – Article 99 of the Constitution
  • To be subscribed before – President or some person appointed by him
  • Forms of oath are provided in – 3rd Schedule
  • Article 104 – Provides a penalty for a member if he/she sits in the House without the oath
  • Exception to this rule – An individual can become a minister without being elected to Parliament and, he/she can take part in proceedings of the house (without having the power to vote).
  • Oaths can be subscribed in – English or any of the 22 Scheduled languages. 

Recently, a Mutual Fund was alleged to have indulged in Front- Running.

  • Usage of non-public information to directly or indirectly buy or sell securities, or enters into options or futures contracts, in advance of a substantial order.
  • Illegal in India.
  • Issue – Undermines confidence in the financial markets and creates an uneven playing field for other investors.

IHO celebrates World Hydrography Day (21 June every year) to raise awareness about hydrography.

  • Intergovernmental organization that works to ensure all world’s seas, oceans and navigable waters are surveyed and charted.
  • Function – Coordinates the activities of national hydrographic offices.
  • IHO Secretariat has been hosted by – Principality of Monaco since its creation in 1921.
  • Members – 100 Member States including India.
  • Nodal agency for Hydrographic surveys and nautical charting in India – Indian Naval Hydrographic Department under Indian Navy

Srinagar has been recognised as a ‘World Craft City’ by World Crafts Council.

  • Launched in – 2014
  • Launched by – World Crafts Council
  • Other World Craft Cities in India – Jaipur, Malappuram and Mysore
  • Aim –
    • To establish a dynamic network of craft cities across the globe, aligning with the principles of creative economy.
    • Recognizes role of local authorities, craftspeople, and communities in cultural, economic, and social development worldwide.

India and the US held discussions on the co-production of American javelin missiles in India, as per reports. 

  • World’s premier single man-portable medium-range anti-tank weapon system.
  • Significance –
    • Missile automatically guides itself to the target after launch (fire-and-forget principle) which allows the gunner to take cover and avoid counter fire. 
    • Can be safely fired from inside buildings or bunkers

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