First MPC Meet of 2020
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5.15 percent on 6 February 2020 and maintained its accommodative stance.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22794-first-mpc-meet-of-2020.html
#MPC #CPI #Q3FY20 #GDP #NSC #ChetanGhate
Panel to examine fiscal, debt situation
The Fifteenth Finance Commission (15th FC) will set up a panel later this month to examine the fiscal and debt situation of the Centre and states and present a road map, on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, the Commission’s Chairman N K Singh said on 5 February 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22793-panel-to-examine-fiscal-debt-situation.html
#NKSingh #15thFC #Article293 #FY21 #FRBM #Budget
MAVEN makes surprising discovery
NASA’s ongoing Mars mission through its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft has made surprising discoveries that scientists believe may help understand the disruptive phenomena on Earth.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22792-maven-makes-surprising-discovery.html
#MAVEN #NASA #aircraft #spacecraft #Earth
India slips in International IP Index
India’s slipped to 40th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 53 global economies, this year, according to a report of the US Chamber of Commerce’s Global Innovation Policy Center.Last year India was ranked at 36th position out of 50 countries.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22791-india-slips-in-international-ip-index.html
#India #International #IP #GIPC #IPR #France
Draft UN resolution on Libya
A UN resolution that would endorse a plan to restore peace to Libya and condemn the recent increase in violence faced opposition on 5 February 2020 from Russia and South Africa.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22790-draft-un-resolution-on-libya.html
#Libya #resolution #SouthAfrica #UN #British
Astronaut lands back on Earth
Koch touched down on 6 February 2020 on the Kazakh steppe after 328 days in space along with Luca Parmitano of the European Space Agency and Alexander Skvortsov of the Russian space agency.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22789-astronaut-lands-back-on-earth.html
#Astronaut #Earth #NASA #ISS #ESA #Kazakh
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5.15 percent on 6 February 2020 and maintained its accommodative stance.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22794-first-mpc-meet-of-2020.html
#MPC #CPI #Q3FY20 #GDP #NSC #ChetanGhate
Panel to examine fiscal, debt situation
The Fifteenth Finance Commission (15th FC) will set up a panel later this month to examine the fiscal and debt situation of the Centre and states and present a road map, on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, the Commission’s Chairman N K Singh said on 5 February 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22793-panel-to-examine-fiscal-debt-situation.html
#NKSingh #15thFC #Article293 #FY21 #FRBM #Budget
MAVEN makes surprising discovery
NASA’s ongoing Mars mission through its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft has made surprising discoveries that scientists believe may help understand the disruptive phenomena on Earth.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22792-maven-makes-surprising-discovery.html
#MAVEN #NASA #aircraft #spacecraft #Earth
India slips in International IP Index
India’s slipped to 40th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 53 global economies, this year, according to a report of the US Chamber of Commerce’s Global Innovation Policy Center.Last year India was ranked at 36th position out of 50 countries.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22791-india-slips-in-international-ip-index.html
#India #International #IP #GIPC #IPR #France
Draft UN resolution on Libya
A UN resolution that would endorse a plan to restore peace to Libya and condemn the recent increase in violence faced opposition on 5 February 2020 from Russia and South Africa.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22790-draft-un-resolution-on-libya.html
#Libya #resolution #SouthAfrica #UN #British
Astronaut lands back on Earth
Koch touched down on 6 February 2020 on the Kazakh steppe after 328 days in space along with Luca Parmitano of the European Space Agency and Alexander Skvortsov of the Russian space agency.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22789-astronaut-lands-back-on-earth.html
#Astronaut #Earth #NASA #ISS #ESA #Kazakh
Ksgindia
First MPC Meet of 2020 | KSG India | Khan Study Group
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5. 15 per cent on 6 February 2020 and maintained its accommodative stance. The central bank reiterated
Watch KSG Explainer: US & Maldives Defence Deal #KSGIndia #International #News
https://www.youtube.com/watch?v=VD9bI9YP-ew&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=32
https://www.youtube.com/watch?v=VD9bI9YP-ew&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=32
YouTube
KSG Explainer: US & Maldives Defence Deal #KSGIndia #International #News
KSG Explainer: US - Maldives Defence Deal US, Maldives sign Defence Deal The US has signed a framework for defence cooperation with the Maldives to deepen engagement in support of maintaining peace and security in the strategic Indian Ocean, the Pentagon…
Watch: Here is What's Good About World Economic Forum’s Davos Agenda 22 #Davos
https://www.youtube.com/watch?v=6vnik0I3vwk
https://www.youtube.com/watch?v=6vnik0I3vwk
YouTube
Here is What's Good About World Economic Forum’s Davos Agenda 22 #Davos
#upsc #International Organisations #worldeconomicforum #davosagenda22 #WEF #davosWorld Economic Forum’s Davos Agenda 22GS Paper - 2 (International Organisat...
Here is What's Good About World Economic Forum’s Davos Agenda 22 #Davos
https://www.youtube.com/watch?v=6vnik0I3vwk&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=43
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses
https://www.youtube.com/watch?v=6vnik0I3vwk&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=43
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses
YouTube
Here is What's Good About World Economic Forum’s Davos Agenda 22 #Davos
#upsc #International Organisations #worldeconomicforum #davosagenda22 #WEF #davos
World Economic Forum’s Davos Agenda 22
GS Paper - 2 (International Organisations)
The theme-setting World Economic Forum (WEF) Agenda on the ‘State of the World’ will see…
World Economic Forum’s Davos Agenda 22
GS Paper - 2 (International Organisations)
The theme-setting World Economic Forum (WEF) Agenda on the ‘State of the World’ will see…
Watch: Here is What's Good About World Economic Forum’s Davos Agenda 22 #Davos
https://www.youtube.com/watch?v=6vnik0I3vwk&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=47
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses
https://www.youtube.com/watch?v=6vnik0I3vwk&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=47
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses
YouTube
Here is What's Good About World Economic Forum’s Davos Agenda 22 #Davos
#upsc #International Organisations #worldeconomicforum #davosagenda22 #WEF #davos
World Economic Forum’s Davos Agenda 22
GS Paper - 2 (International Organisations)
The theme-setting World Economic Forum (WEF) Agenda on the ‘State of the World’ will see…
World Economic Forum’s Davos Agenda 22
GS Paper - 2 (International Organisations)
The theme-setting World Economic Forum (WEF) Agenda on the ‘State of the World’ will see…
Today's Headlines - 19 July 2023
The Black Sea grain deal expired
GS Paper - 2 (International Relations)
The last ship carrying grain from Ukraine, under a UN-brokered deal that guarantees its safe passage, left the port of Odesa. This deal expired, and Russia has still not agreed to extend it.
What is the Black Sea grain deal?
Ukraine is among the world’s biggest exporter of foodgrains, such as wheat and corn, and a major contributor to the UN’s food aid programmes.
When Russia invaded the country and blockaded its ports, it sent food prices soaring and raised fears of food security in the poorer nations of the world. Pakistan, for instance, saw wheat prices skyrocket to crisis levels.
On 22 July 2022, the UN and Turkey got Russia to agree to the Black Sea Grain Initiative, under which cargo ships would be allowed to travel from and to three Ukrainian ports of Odesa, Chornomorsk and Pivdennyi (Yuzhny), after inspection that they weren’t carrying arms.
The safe passage in the Black Sea was 310 nautical miles long and three nautical miles wide. The deal has been extended twice, and expires.
According to a report from June, nearly 32 million tonnes of mostly corn and wheat have been exported by Ukraine under the deal.
Why has Russia not agreed to renew it?
Russia claims that the promises made to it under the deal have not been met, and it is still facing trouble exporting its own agricultural products and fertilisers because of the many sanctions the West has slapped on it.
While there is no direct restriction on Russia’s agricultural products, the country says barriers on payment platforms, insurance, shipping and other logistics are hampering its exports.
Russia has also said that it had agreed to the grain deal in order to help ensure global food security, but Ukraine has since exported mainly to high-and middle-income countries. The UN says while this is true, poorer countries have been helped by food prices cooling down.
The European Union (EU) is now considering connecting a subsidiary of the Russian Agricultural Bank (Rosselkhozbank) to the Society for Worldwide Interbank Financial Telecommunications (SWIFT), from which it was cut off due to the war, to allow grain and fertiliser transactions.
#upsc #news #international #relations #ukraine #blacksea #grain #russia #foodgrain #milliontonnes #eu #swift #products #deal #agriculturalbank #financial #telecommunications #war #fertiliser #transactions
The Black Sea grain deal expired
GS Paper - 2 (International Relations)
The last ship carrying grain from Ukraine, under a UN-brokered deal that guarantees its safe passage, left the port of Odesa. This deal expired, and Russia has still not agreed to extend it.
What is the Black Sea grain deal?
Ukraine is among the world’s biggest exporter of foodgrains, such as wheat and corn, and a major contributor to the UN’s food aid programmes.
When Russia invaded the country and blockaded its ports, it sent food prices soaring and raised fears of food security in the poorer nations of the world. Pakistan, for instance, saw wheat prices skyrocket to crisis levels.
On 22 July 2022, the UN and Turkey got Russia to agree to the Black Sea Grain Initiative, under which cargo ships would be allowed to travel from and to three Ukrainian ports of Odesa, Chornomorsk and Pivdennyi (Yuzhny), after inspection that they weren’t carrying arms.
The safe passage in the Black Sea was 310 nautical miles long and three nautical miles wide. The deal has been extended twice, and expires.
According to a report from June, nearly 32 million tonnes of mostly corn and wheat have been exported by Ukraine under the deal.
Why has Russia not agreed to renew it?
Russia claims that the promises made to it under the deal have not been met, and it is still facing trouble exporting its own agricultural products and fertilisers because of the many sanctions the West has slapped on it.
While there is no direct restriction on Russia’s agricultural products, the country says barriers on payment platforms, insurance, shipping and other logistics are hampering its exports.
Russia has also said that it had agreed to the grain deal in order to help ensure global food security, but Ukraine has since exported mainly to high-and middle-income countries. The UN says while this is true, poorer countries have been helped by food prices cooling down.
The European Union (EU) is now considering connecting a subsidiary of the Russian Agricultural Bank (Rosselkhozbank) to the Society for Worldwide Interbank Financial Telecommunications (SWIFT), from which it was cut off due to the war, to allow grain and fertiliser transactions.
#upsc #news #international #relations #ukraine #blacksea #grain #russia #foodgrain #milliontonnes #eu #swift #products #deal #agriculturalbank #financial #telecommunications #war #fertiliser #transactions
Today's Headlines - 19 July 2023
India, US notify WTO of mutual resolution
GS Paper - 2 (International Relations)
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi recently. Both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.
More about the News
The United States and India are pleased to notify the DSB (dispute settlement body), in accordance with Article 3.6 of the Understanding on Rules and Procedures Governing the Settlement of Disputes, that the parties have reached a mutually agreed solution to the matter raised in this dispute, according to a communication of the WTO dated 17 July 2023.
The two countries have urged the dispute panel that its report should be confined to a brief description of the case and information that a solution has been reached by the two.
The trade dispute which was resolved pertains to a complaint filed by the US in 2019 against India.
India had imposed additional customs duties on 28 US products including chickpeas, lentils and apples in retaliation to the US increasing duties on certain steel and aluminium products.
Against this resolution, India would remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products.
During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products.
Flashback
In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products.
The US is the largest trading partner of India. In 2022-23, the bilateral goods trade increased to USD 128.8 billion as against USD 119.5 billion in 2021-22. The six disputes include three initiated by India and as many by the US.
These included a complaint by India against the US with regard to the imposition of countervailing duties on certain hot rolled carbon steel flat products from India.
On 9 September 2016, India filed a case against the US pertaining to domestic content requirements and subsidies instituted by the governments of the states of Washington, California, Montana, Massachusetts, Connecticut, Michigan, Delaware and Minnesota, in the energy sector.
Another dispute filed by the US against India was related to domestic content requirements under the Jawaharlal Nehru National Solar Mission for solar cells and solar modules. In 2018, the US filed a case against India's alleged export subsidy measures.
Similarly on 3 July 2019, the US filed a dispute against New Delhi on imposition of additional duties with respect to certain products originating in the US.
#upsc #news #international #relations #WTO #primeminister #DSB #mutually #solution #termination #india #domestic #jawaharlalnehru #national #solar #mission #measures #newdelhi
India, US notify WTO of mutual resolution
GS Paper - 2 (International Relations)
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi recently. Both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.
More about the News
The United States and India are pleased to notify the DSB (dispute settlement body), in accordance with Article 3.6 of the Understanding on Rules and Procedures Governing the Settlement of Disputes, that the parties have reached a mutually agreed solution to the matter raised in this dispute, according to a communication of the WTO dated 17 July 2023.
The two countries have urged the dispute panel that its report should be confined to a brief description of the case and information that a solution has been reached by the two.
The trade dispute which was resolved pertains to a complaint filed by the US in 2019 against India.
India had imposed additional customs duties on 28 US products including chickpeas, lentils and apples in retaliation to the US increasing duties on certain steel and aluminium products.
Against this resolution, India would remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products.
During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products.
Flashback
In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products.
The US is the largest trading partner of India. In 2022-23, the bilateral goods trade increased to USD 128.8 billion as against USD 119.5 billion in 2021-22. The six disputes include three initiated by India and as many by the US.
These included a complaint by India against the US with regard to the imposition of countervailing duties on certain hot rolled carbon steel flat products from India.
On 9 September 2016, India filed a case against the US pertaining to domestic content requirements and subsidies instituted by the governments of the states of Washington, California, Montana, Massachusetts, Connecticut, Michigan, Delaware and Minnesota, in the energy sector.
Another dispute filed by the US against India was related to domestic content requirements under the Jawaharlal Nehru National Solar Mission for solar cells and solar modules. In 2018, the US filed a case against India's alleged export subsidy measures.
Similarly on 3 July 2019, the US filed a dispute against New Delhi on imposition of additional duties with respect to certain products originating in the US.
#upsc #news #international #relations #WTO #primeminister #DSB #mutually #solution #termination #india #domestic #jawaharlalnehru #national #solar #mission #measures #newdelhi
Today's Headlines - 11 September 2023
India-Middle East-Europe mega economic corridor
GS Paper - 2 (International Relations)
Prime Minister Narendra Modi announced the launch of the India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US.
What is the project?
The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — a collaborative effort by G7 nations to fund infrastructure projects in developing nations. PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative.
The project will aim to enable greater trade among the involved countries, including energy products.
It could also be one of the more ambitious counters to China’s massive infrastructure program, through which it has sought to connect more of the world to that country’s economy, AP said.
The corridor will include a rail link as well as an electricity cable, a hydrogen pipeline and a high-speed data cable, according to a document prepared by European Commission President Ursula von der Leyen.
The document also called the project “a green and digital bridge across continents and civilizations.”
Why is the project being proposed?
First, it would increase prosperity among the countries involved through an increased flow of energy and digital communications.
Second, the project would help deal with the lack of infrastructure needed for growth in lower- and middle-income nations.
Third, it could help “turn the temperature down” on “turbulence and insecurity” coming out of the Middle East
#upsc #headline #news #india #middle #East #Europe #mega #economic #corridor #international #relations #UAE #saudiarabia #europeanunion #france #Itlay #germany #US #project #rail #PGII #China #BELT #Road #intiative #ountries #trade #hydrogen #pipeline #speed #data #cable #civilizations #infrastructure #income #nations #turbulence #insecurity #prosperity
India-Middle East-Europe mega economic corridor
GS Paper - 2 (International Relations)
Prime Minister Narendra Modi announced the launch of the India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US.
What is the project?
The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — a collaborative effort by G7 nations to fund infrastructure projects in developing nations. PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative.
The project will aim to enable greater trade among the involved countries, including energy products.
It could also be one of the more ambitious counters to China’s massive infrastructure program, through which it has sought to connect more of the world to that country’s economy, AP said.
The corridor will include a rail link as well as an electricity cable, a hydrogen pipeline and a high-speed data cable, according to a document prepared by European Commission President Ursula von der Leyen.
The document also called the project “a green and digital bridge across continents and civilizations.”
Why is the project being proposed?
First, it would increase prosperity among the countries involved through an increased flow of energy and digital communications.
Second, the project would help deal with the lack of infrastructure needed for growth in lower- and middle-income nations.
Third, it could help “turn the temperature down” on “turbulence and insecurity” coming out of the Middle East
#upsc #headline #news #india #middle #East #Europe #mega #economic #corridor #international #relations #UAE #saudiarabia #europeanunion #france #Itlay #germany #US #project #rail #PGII #China #BELT #Road #intiative #ountries #trade #hydrogen #pipeline #speed #data #cable #civilizations #infrastructure #income #nations #turbulence #insecurity #prosperity