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Current Affairs for 30 March 2026

The “China Angle” 

  • Of the 128 countries supporting the IFD, 98 are also members of China’s flagship Belt and Road Initiative (BRI).  
  • By standardizing regulatory procedures across participating economies, the IFD could indirectly strengthen the operational environment for China’s large-scale cross-border infrastructure networks. 
  • Incorporating the IFD into the WTO could enhance regulatory coordination that heavily favors China’s expanding overseas investment footprint, particularly in regions of strategic interest to India (e.g., South Asia and the Indian Ocean Region).

Delimitation 

  • About: Delimitation is the process of fixing or redrawing the boundaries of territorial constituencies for the Lok Sabha and State Legislative Assemblies to ensure that each seat represents a roughly equal number of voters. 
  • Objective: To operationalize the democratic principle of “one person, one vote, one value” by adjusting boundaries as population densities shift over time. 
  • Constitutional Mandate: Article 82 mandates Parliament to enact a Delimitation Act after each census, readjusting Lok Sabha seat allocation to States and dividing States into territorial constituencies. 
  • Article 170 provides for a similar readjustment of seats and constituencies in State Legislative Assemblies. 

Monetary Policy 

  • About: Monetary Policy is the process by which a country’s central bank (the Reserve Bank of India in India) manages the money supply and interest rates to achieve specific macroeconomic goals. If there is too much money, inflation rises; if there is too little, the economy slows down. 
  • Core Objectives:  
  • Price Stability: Keeping inflation within a target range (currently 4% +/- 2%) to protect the purchasing power of citizens. 
  • Economic Growth: Ensuring that productive sectors like agriculture and industry have access to affordable credit. 
  • Exchange Rate Stability: Managing the value of the Rupee against foreign currencies like the Dollar to facilitate international trade. 

UDAN Scheme

  • About: UDAN is a flagship scheme of the Ministry of Civil Aviation aimed at democratising aviation and enhancing regional connectivity, ensuring access to air travel even in remote areas.  
  • Launched under the National Civil Aviation Policy (NCAP) 2016, it focuses on connecting Tier-2 and Tier-3 cities through a market-driven yet financially supported model, with the Airports Authority of India (AAI) as the nodal implementing agency. 
  • Core Mechanism & Funding: The scheme sustains affordable air travel through an airfare cap, financially supported by Viability Gap Funding (VGF) from the Centre. 
  • This is backed by collaborative governance, including waived landing charges and state commitments to reduce VAT on Aviation Turbine Fuel (ATF) to 1% or less. 
  • Massive Infrastructure Expansion: India’s overall airport network has more than doubled, growing from 74 airports in 2014 to 159 airports in 2024.  
  • Strategic Evolution (UDAN 1.0 to 5.0): The initiative systematically expanded its scope from connecting underserved airports to including helipads in UDAN 2.0, introducing tourism routes in UDAN 3.0, focusing on hilly regions, the North-East, and island territories in UDAN 4.0, and further promoting seaplane operations under UDAN 5.0 series. 

Dwarka Basin 

  • About: Dwarka Basin (submerged Dwarka city) refers to a series of underwater archaeological remains located off the coast of modern-day Dwarka and Bet Dwarka in Gujarat, India (western tip of Gujarat’s Saurashtra Peninsula).  
  • Geologists suggest the city may have been submerged due to post-glacial sea-level rise, tectonic activity, or coastal erosion over thousands of years. 
  • However, it is widely believed by many to be the legendary kingdom of Lord Krishna, which, according to the Mahabharata and Puranas, was swallowed by the Arabian Sea following his departure from the world. This is traditionally viewed as the transition to the Kali Yuga. 

Preah Vihear Temple 

  • About: It is an ancient Hindu temple built by the Khmer Empire, situated atop a 525-meter cliff in the Dangrek Mountains along the border between Cambodia and Thailand. 
  • Originally dedicated to the Hindu god Shiva, the temple later transitioned into a Buddhist site, reflecting the region’s religious evolution. 
  • Construction: While construction began in the early 9th century, the most significant structures were built during the reigns of Khmer kings Suryavarman I and Suryavarman II, the latter of whom also built Angkor Wat (Hindu-Buddhist temple complex built in Cambodia). 
  • Unique Layout: Unlike most Khmer temples, which have a rectangular plan facing east, Preah Vihear is built on an 800-meter long north-south axis.  
  • It consists of a series of sanctuaries linked by pavements and staircases that rise toward the cliff’s edge, symbolizing the sacred Mount Meru (a sacred, five-peaked mountain present within Hindu, Jain and Buddhist cosmologies).