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Current Affairs 7 April 2026

 Custodial Deaths

  • It refers to death of a person in custody due to torture and inhuman treatment. 
  • In 2024, National Human Rights Commission (NHRC) reported 2,739 custodial deaths. 
  • Key Issues with Custodial Deaths
  • Against Constitutional Values: Custodial torture represent a reprehensible abuse of power given vulnerability of detainees and unequal power dynamics.
  • Challenges To Accountability: Due  lack of independent investigation as investigation of custodial deaths is conducted by same police department where incident occurred.
  • Breach of Human Rights and Dignity: Torture is a grave violation of human rights. E.g. 1972 rape case, involving a tribal woman raped in Police custody in Maharashtra. 
  • Erosion of Police as an Institution: Use of torture has been linked to perpetuation of a culture of violence within the police force. 

Dedicated Freight Corridor (DFC)

  • Genesis: DFC Project was conceived in 2005 and aims at building dedicated freight-only railway lines. 
  • Two DFCs: Eastern DFC (EDFC) and Western DFC (WDFC) were approved in 2008.
  • EDFC runs from Ludhiana (Punjab) to Sonnagar (Bihar) with a length of 1337 Km. 
  • Along with these two, Ministry of Railways has undertaken work towards Detailed Project Reports (DPR) for three new DFCs (currently under examination): 
  • East-Coast Corridor: Kharagpur to Vijayawada. 
  • East-West corridor:
  • Palghar-Bhusawal-Nagpur-Kharagpur-Dankuni. 
  • Rajkharsawan – Kalipahari – Andal. 
  • North-South Sub-corridor: Vijayawada-Nagpur–Itarsi. 
  • DFCCIL: Established in 2006, Dedicated Freight Corridor Corporation of India (DFCCIL) is a Special Purpose Vehicle set under administrative control of Ministry of Railways.
  • It undertakes planning & development, mobilization of financial resources and construction, maintenance and operation of DFCs. 

ASISSE

  • First annual survey covering incorporated service enterprises across all States/UTs (FY 2024-25 reference).
  • Coverage: Incorporated service sector enterprises registered under the Companies Act, 1956, or Companies Act, 2013, or Limited Liability Partnership Act, 2008.
  • Covers sectors like trade, transport, IT, health, education, hospitality.
  • Aim: To build a reliable database for policymaking and economic analysis.
  • Uses Goods and Services Tax Network (GSTN) database; ~1.21 lakh enterprises surveyed.
  • Complements ASI (Annual Survey of Industries) and ASUSE (Annual Survey of Unincorporated Sector Enterprises) for holistic non-agricultural economy data.

Credit Default Swaps

  • Definition: It is a financial derivative instrument that allows an investor to swap or offset their credit risk with that of another investor.
  • Working Mechanism: It works like an insurance on bonds, where the buyer pays regular premiums and the seller pays if a default or restructuring occurs.
  • Uses: Used for hedging, speculation, and arbitrage, credit risk management.
  • Risks: Counterparty risk, complexity.