22 December 2025 Current Affairs (With PDF)
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Second WHO Global Summit on Traditional Medicine
Why in News
The Second WHO Global Summit on Traditional Medicine concluded in New Delhi, reinforcing India’s leadership in integrating traditional medicine into global healthcare systems.
Key Outcomes of the Summit
1. Traditional Medicine Global Library
- A WHO-led digital repository ensuring equitable global access to: Scientific evidence, Policy frameworks, Validated traditional medicine knowledge
2. WHO SEARO Building Inaugurated
- Strengthens WHO’s regional institutional presence in South-East Asia.
- Enhances coordination on public health and traditional medicine integration.
3. My AYUSH Integrated Services Portal (MAISP)
- A single master digital platform for the AYUSH ecosystem.
- Integrates services related to education, healthcare delivery, research, regulation, and trade.
4. AYUSH Mark
- Proposed as a global quality benchmark for AYUSH products and services.
- Aims to enhance credibility, safety, standardisation, and international acceptance.
5. Delhi Declaration
- Recognises traditional medicine as shared biocultural heritage.
- Aligns global efforts with the WHO Global Traditional Medicine Strategy (2025–2034).
- Emphasises evidence-based integration, sustainability, and ethical use.
About Traditional Medicine
Definition
Encompasses codified and non-codified healthcare systems rooted in historical and cultural traditions, predating modern biomedicine.
India’s Traditional Medicine Systems
- Represented through the AYUSH sector: Ayurveda, Yoga & Naturopathy, Unani, Siddha, Homoeopathy
- Economic Value: ~ $43.4 billion
- Growth: Expanded nearly 8-fold in the last decade
Major Initiatives for Traditional Medicine in India
1. National AYUSH Mission (NAM), 2014
- Centrally Sponsored Scheme.
- Focus: Infrastructure strengthening, service delivery, co-location of AYUSH with allopathy.
2. Ayurgyan
- Supports Research & capacity building, Drug standardisation, Medicinal plant research
3. AOGUSY (AYUSH Oushadhi Gunvatta evum Uttapadan Samvardhan Yojana)
- Focus on Drug quality, Standardisation, Pharmacovigilance
4. Other Initiatives
- AYUSH Grid (digital ecosystem)
- Traditional Knowledge Digital Library (TKDL)
- Medical Value Travel (MVT)
- Information, Education & Communication (IEC) campaigns
RBI Approves Risk-Based Deposit Insurance Framework
Why in News
The Central Board of the Reserve Bank of India (RBI) approved a Risk-Based Deposit Insurance Premium Framework, marking a major reform in India’s depositor protection mechanism.
What Has Changed?
- Old System: Flat-rate premium of 12 paise per ₹100 of assessable deposits for all banks.
- New System: Risk-based premium, where the amount paid depends on a bank’s risk profile.
What is Risk-Based Deposit Insurance?
- Insurance premium charged to banks varies according to their financial health and risk exposure.
- Safer, well-managed banks → pay lower premiums
- Riskier banks → pay higher premiums
Objectives of the New Framework
- Incentivise prudent banking behaviour and strong risk management.
- Reward well-governed banks with lower insurance costs.
- Reduce moral hazard by discouraging excessive risk-taking.
- Strengthen financial stability and depositor confidence.
Deposit Insurance Framework in India
1. Institutional Structure
- Managed by Deposit Insurance and Credit Guarantee Corporation (DICGC).
- DICGC functions under the Deposit Insurance and Credit Guarantee Corporation Act, 1961.
- It is a wholly owned subsidiary of the RBI.
2. Coverage Details
- Maximum insurance cover: ₹5 lakh per depositor per bank.
- Who pays the premium? Banks (not depositors).
- Types of deposits covered:
- Savings, fixed, current, recurring deposits. - Excluded deposits:
- Deposits of Central/State Governments, foreign governments, etc.
3. Banks Covered
- All commercial banks (including foreign bank branches in India)
- Regional Rural Banks (RRBs) and Local Area Banks
- State, Central and Primary Cooperative Banks
- Excluded: Primary cooperative societies
Significance of the Reform
- Aligns India with global best practices in deposit insurance.
- Promotes responsible banking conduct.
- Enhances systemic resilience and protects depositors indirectly.
- Complements RBI’s broader focus on risk-based supervision.
Corporate Social Responsibility (CSR) must include Environmental Responsibility: Supreme Court
Why in News
The Supreme Court, in MK Ranjitsinh & Others v. Union of India, ruled that Corporate Social Responsibility (CSR) inherently includes environmental protection, firmly linking CSR obligations to constitutional duties and biodiversity conservation.
Key Observations by the Supreme Court
1. Corporations as Constitutional Actors
- Corporations are legal persons and important societal institutions.
- They are bound by Article 51A(g) of the Constitution.
- Article 51A(g) mandates: Protection and improvement of the natural environment (forests, lakes, rivers, wildlife) & Compassion for living creatures.
2. CSR is an Obligation, Not Charity
- Environmental protection through CSR is a constitutional duty, not a voluntary or philanthropic activity.
- Allocation of CSR funds towards environmental sustainability is mandatory in spirit and purpose.
3. Polluter Pays Principle for Species Recovery
- When corporate activities threaten or damage endangered species, companies must:
- Bear costs of in-situ conservation (within natural habitats).
- Bear costs of ex-situ conservation (zoos, breeding centres, seed banks). - Reinforces the Polluter Pays Principle as part of environmental jurisprudence.
About Corporate Social Responsibility (CSR)
1. Legal Framework
- Governed by Section 135 of the Companies Act, 2013.
- Mandatory for eligible companies meeting prescribed thresholds of: Net worth, turnover, or net profit.
2. CSR Fund Allocation
- Companies must spend at least 2% of the average net profits of the preceding three years on CSR activities.
3. CSR Activities (Schedule VII)
- Eradicating hunger, poverty, and malnutrition
- Promoting gender equality and education
- Ensuring environmental sustainability
- Protection of national heritage and biodiversity
- Rural development and healthcare
Significance of the Judgment
- Expands CSR scope from welfare-centric to eco-centric governance.
- Strengthens corporate accountability for biodiversity and wildlife conservation.
- Aligns CSR with: Sustainable development, Climate justice, Constitutional morality
- Sets a precedent for mandatory ecological restitution through corporate funding.
IN-SPACe: Antariksh Prayogshala Initiative
Why in News
The Indian National Space Promotion and Authorization Center (IN-SPACe) has issued a Request for Proposal (RFP) to establish Antariksh Prayogshala (Space Labs) at select academic institutions across India, aimed at strengthening space research, innovation, and private sector participation.
About IN-SPACe
- Full Name: Indian National Space Promotion and Authorization Center (IN-SPACe)
- Genesis: Established in 2020
- Nature: Autonomous, single-window nodal agency under the Department of Space
- Mandate: Implement space sector reforms and facilitate private and academic participation in space activities
Objectives of IN-SPACe
- Enable private players and startups in India’s space ecosystem
- Encourage innovation, R&D, and commercialization of space technologies
- Build a level-playing field between ISRO and Non-Governmental Entities (NGEs)
Key Functions
- Promote, enable, authorize, and supervise space activities by NGEs
- Provide single-window clearance for private space activities
- Act as an interface between ISRO and NGEs, ensuring access to infrastructure, data, and expertise
- Ensure compliance with national and international space obligations
Antariksh Prayogshala (Space Labs)
- Establish space research laboratories in academic institutions
- Bridge the gap between academia, industry, and space missions
- Support hands-on experimentation, payload development, and applied research
- Strengthen human capital for India’s growing space economy
Bureau of Port Security (BoPS)
Why in News
The Government of India has decided to establish a dedicated Bureau of Port Security (BoPS) to strengthen the security framework for ships, vessels, and port facilities across the country.
About Bureau of Port Security (BoPS)
- Legal Status: To be constituted as a statutory body under Section 13 of the Merchant Shipping Act, 2025
- Administrative Control: Will function under the Ministry of Ports, Shipping and Waterways
- Institutional Model: Designed on the lines of the Bureau of Civil Aviation Security (BCAS)
Objectives
- Provide a centralised regulatory and oversight mechanism for maritime and port security
- Ensure a uniform and robust security architecture for ships and port facilities in India
Key Functions
- Regulation & Oversight: Supervise and regulate security measures related to vessels and port infrastructure
- Information Management: Enable timely collection, analysis, and exchange of security-related intelligence
- Cyber Security Focus: Address cyber threats affecting port operations, logistics systems, and maritime assets
- Coordination: Strengthen coordination among port authorities, security agencies, and other stakeholders
Significance
- Enhances maritime domain awareness and protection of critical port infrastructure
- Aligns India’s port security governance with international best practices
- Addresses emerging threats, including cyber vulnerabilities in increasingly digitised ports
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