Nobel Prize 2019 for Economics
The Royal Swedish Academy of Sciences 14 October 2019 awarded Abhijit Banerjee, Esther Duflo and Michael Kremer the prestigious Nobel Prize in Economic Sciences “for their experimental approach to alleviating global poverty.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21702-nobel-prize-2019-for-economics.html
#NobelPrize2019 #Economics #RSAS #AbhijitBanerjee #goldmedal

Qualcomm support India’s NavIC
American chipmaker Qualcomm Technologies in collaboration with the Indian Space Research Organization (ISRO) on 14 October 2019 announced support for India’s Regional Navigation Satellite System (IRNSS), Navigation with Indian Constellation (NavIC), in select chipset platforms across the Company’s upcoming portfolio.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21701-qualcomm-support-india-s-navic.html
#Qualcomm #India #NavIC #IRNSS #ISRO #TTFF #IoT

ICA elections
Anshuman Gaekwad, former India opener and coach, will be a part of the BCCI’s nine-member apex council that will be finalised during the elections later this month. He defeated his nearest rival Kirti Azad by 90 votes in the Indian Cricketers Association (ICA) elections.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21700-ica-elections.html
#ICA #elections #BCCI #ICA #CAC #AnshumanGaekwad #RakeshDhruv

Nepal, China ink deal
China and Nepal on 13 October 2019 concluded agreements for all-weather connectivity between Kathmandu and the Tibet Autonomous Region.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21699-nepal-china-ink-deal.html
#Nepal #China #IDCA #XiJinping #KPSharma #TAR

KSG Podcast - Minimum Support Price or MSP | best daily editorial analysis for upsc #prelims2022
https://www.youtube.com/watch?v=R-rXz_Wcumo
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses

Today's Headlines - 26 August 2023
BRICS gets six new members
GS Paper - 2 (International Relations)

The five-member BRICS invited six more countries to join the alliance, in a move which can strengthen its claim of being a ‘voice of the Global South’ on one hand, while raising concerns about China’s increasing dominance on the other. BRICS consists of Brazil, Russia, India, China, and South Africa. In its ongoing summit at Johannesburg, South Africa, it has invited Iran, the United Arab Emirates, Saudi Arabia, Argentina, Egypt, and Ethiopia. Their membership will begin in January.

Why New Members

Adding new members strengthens the group’s heft as a spokesperson of the developing world. BRICS currently represents around 40% of the world’s population and more than a quarter of the world’s GDP.
With the additions, it will represent almost half the world’s population, and will include three of the world’s biggest oil producers, Saudi Arabia, the UAE and Iran.
The rush towards BRICS is driven by two basic impulses: “First, there is considerable anti-US sentiment in the world, and all these countries are looking for a grouping where they can use that sentiment to gather together.
Second, there is a lot of appetite for multipolarity, for a platform where countries of the Global South can express their solidarity.”
The formation of BRICS in 2009 was driven by the idea that the four emerging markets of Brazil, Russia, India, and China would be the future economic powerhouses of the world. South Africa was added a year later.
While the economic performance of BRICS has been mixed, the war in Ukraine — which has brought the West together on the one hand and strengthened the China-Russia partnership on the other — has turned it into an aspiring bloc that can challenge the western geopolitical view, and emerge as a counterweight to Western-led fora like the Group of 7 and the World Bank.
What this means for India

If India’s presence at the recent G7 summit in Hiroshima, where Prime Minister Narendra Modi also participated in an informal Quad summit, was seen as a sign of New Delhi’s US tilt, it continues to attach importance to the “anti-West” BRICS.
India is also part of the Shanghai Cooperation Organisation (SCO), and despite problems, it has relations with Russia, with China.
While China does want BRICS to be an anti-western group, the Indian view is that it is a “non-western” group and should stay that way.
Among the new members, while India looks at all of them as partnerships worth developing, concerns have been raised that the group could become more pro-China and sideline New Delhi’s voice and interests.

#upsc #news #headline #brics #newmembers #internationalrelations #globalsouth #china #brazil #russia #india #southafrica #johannesburg #iran #egypt #ethiopia #world #GDP #population #quarter #economics #ukraine #worldbank #hiroshima #shanghaicooperation #organisation #SCO #NEWDELHI #prochina #interests #developing

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