MALUKA IAS
FACTLY
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Date : 26th September
Indian Museum
  • The National Museum in Kolkata, established in 1814, has made some of its prized possessions accessible online.
  • The initiative, titled ‘Online Exhibition: Rare & Precious Antiques from Indian Museum Kolkata Collection’, has over 40 artefacts, with photographs and captions explaining their significance.
  • The Indian Museum is the eighth oldest museum in the world and the oldest in South Asia. It has exhibits ranging from geology and natural heritage to archaeology and art.
Prison Reform Panel
  • The Supreme Court on Tuesday formed a Committee on Prison Reforms chaired by former apex court judge, Justice Amitava Roy, to examine the various problems plaguing prisons in the country, from overcrowding to lack of legal advice to convicts to issues of remission and parole.
Ecological Succession
  • This refers to the progressive changes that happen to the biological structure of an ecological community. Over time, there are changes that take place in the composition of species that constitute an ecological community. In the case of primary succession, a region that is uninhabited by any species gets occupied by a few species over a period of time.
  • In other cases, a preexisting group of species is replaced by a new group of species, a process called secondary succession. As a general rule, it is believed that ecological communities move from possessing very little species diversity to a more stable state where they house an array of species.
Vohra Panel
  • N.N. Vohra Committee, which was set up following a public outcry after the blasts, submitted its report in October 1993 after its study of the problem of criminalisation of politics and the nexus among criminals, politicians and bureaucrats in India.
  • The Goswami Committee on Electoral Reforms, as early as in 1990, highlighted the crippling effect of money and muscle power in elections.
C. Rajagopalachari
  • Freedom fighter and last Governor-General of India.
Human Capital Scores
  • India ranks 158th in the world for its investment in education and health care, according to the first ever scientific study ranking countries for their levels of investment in human capital. The study, published in journal The Lancet.
Debt Instrument
  • Finance companies normally source funds by issuing a debt instrument, which is a paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with the terms of a contract, and loans from banks. 
  • Indian NBFCs issue debt instruments like bonds, non-convertible debentures (NCDs), certificates of deposits, commercial papers (CPs), mortgages, leases, or other agreements between a lender and a borrower. 
  • Debt papers are issued at a specific interest rate linked to the market rate. Of late, interest rates have been rising. CPs and NCDs are two widely used debt instruments used by corporates to raise money.