01 July 2025
(Current Affairs Notes - Prelims)

Reservation in Supreme Court

• For the first time in its history, the Supreme Court has introduced a formal policy of reservation in the direct appointment and promotion for Scheduled Caste (SC) and Scheduled Tribe (ST) staff working in the top court.

• The reservation is not for judges. The policy covers a wide swathe of posts, including registrars, senior personal assistants, assistant librarians, junior court assistants and chamber attendants.

Carbon Credit Trading Scheme (CCTS)

• CCTS is India’s domestic market mechanism to incentivise industries to reduce greenhouse gas emissions by earning and trading carbon credits.

• It is administered by the Bureau of Energy Efficiency (BEE) under the Ministry of Power.

• It covers sectors notified under the Energy Conservation Act.

• It was launched in 2023.

• Entities exceeding emission reduction targets earn carbon credits, which can be sold to those falling short. It, thus, creates a market-driven approach to climate responsibility.

• Recently, the Ministry of Environment, Forests and Climate Change issued Draft Emission Target Rules under CCTS.

A World of Debt 2025

• Report released by United Nations Conference on Trade and Development (UNCTAD).

• It highlights the surge in global public debt with disproportionate burden on developing countries.

Financial Stability Report

• By Reserve Bank of India (RBI)

• It is released biannually i.e. two times in a year.

National Indicator Framework (NIF) Report

• By the Ministry of Statistics and Programme Implementation (MoSPI).

• It serves as the backbone for monitoring Sustainable Development Goals (SDGs) at the national level.

Wilmington Declaration

• The Declaration is related to QUAD grouping (India, Japan, Australia, US)

• It was adopted at the Quad Leaders’ Summit 2024, in Wilmington, Delaware (US).

• Recently, the first-ever ‘QUAD at Sea Ship Observer Mission’ was launched under the Wilmington Declaration.

SACHET (सचेत)

• A national disaster alert portal developed by the National Disaster Management Authority (NDMA).

• It publishes various warnings & alerts in a geo-targeted manner so that the right information reaches the right people at right time.

Altermagnets

• A new type of magnetic material that behave like a mix of ferromagnets (which are strongly magnetic) and antiferromagnets (which have no net magnetism).

  • • Ferromagnets: Spins align in the same direction, resulting in strong magnetism.

    • Antiferromagnets: Spins alternate, thus cancelling each other out, resulting in no external magnetism.

• They can carry spin-polarized electric current (used in spintronics) without creating external magnetic fields – making them useful for low-power, high-speed electronic devices.

• Altermagnets are more stable and less affected by magnetic noise, making them a strong candidate for future technologies like quantum computing and advanced memory devices.