- MoU on sharing INDIA STACK
- World Nature Conservation Day
MoU on sharing INDIA STACK
Focus: GS III: Indian Economy
Why in News?
India and Papua New Guinea have signed a Memorandum of Understanding (MoU) to share INDIA STACK — a collection of open APIs and digital public goods that aim to facilitate identity, data, and payment services on a large scale.
About Digital Public Infrastructure
Digital Public Infrastructure (DPI) is a collection of platforms and systems that enable the delivery of essential services to people, promoting digital inclusion and empowering citizens. It encompasses various components that facilitate the flow of people, money, and information.
India’s DPI Implementation (India Stack):
- India has been a pioneer in developing a comprehensive DPI ecosystem known as India Stack.
- India Stack includes three foundational DPI components: digital identity (Aadhaar), real-time fast payment (UPI), and account aggregation built on the Data Empowerment and Protection Architecture (DEPA).
- DEPA establishes a digital framework that allows users to share their data on their own terms through consent managers, which are third-party entities.
- This approach ensures privacy, security, and user control over data while facilitating the seamless flow of information.
World Nature Conservation Day
Focus: GS III: Environment and Ecology
Why in News?
World Nature Conservation Day, observed annually on July 28, is celebrated to create awareness about the importance of protecting the environment and its resources.
About World Nature Conservation Day:
- World Nature Conservation Day aims to educate people about the risks of overexploitation of natural resources.
- Theme: The theme for World Nature Conservation Day 2023 was “Forests and Livelihoods: Sustaining People and Planet”.
- Aim: It aims to highlight the significance of biodiversity preservation, protection of ecosystems, and environmental balance for the benefit of present and future generations.
- It is a reminder for people to take action against the exploitation of natural resources, and preserve the natural beauty for the upcoming generations.