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DAILY NEWS ANALYSIS

Monthly DNA

04 Mar, 2023

27 Min Read

Financial Action Task Force (FATF)

GS-II : International organisation Financial Action Task Force

Financial Action Task Force (FATF)

  • Russia's membership in the Financial Action Task Force (FATF) has recently been suspended as a result of its illegitimate invasion of Ukraine.

Highlight:

  • The FATF has extended its sympathies to the Ukrainian people who have "faced a tremendous weight" as a result of Russia's "aggression war".
  • In this context, the suspension of Russian membership appears to be due to its flagrant disregard for the FATF members' commitment to international collaboration and respect.
  • The FATF has urged all governments to be on the lookout for dangers to the integrity, safety, and security of the global financial system brought on by Russia's conflict with Ukraine.
  • Pakistan was previously placed on its Grey-list in 2018 for failing to resolve the shortcomings in its counter-terrorist financing-related efforts.
  • However, the FATF said in 2022 that Pakistan had fulfilled its obligations and was no longer the subject of heightened oversight.

About the FATF:

  • An intergovernmental group called the Financial Action Task Force (FATF) keeps an eye on global financial crimes that support terrorism.
  • It is the global agency responsible for monitoring money laundering and terrorism financing.
  • The intergovernmental organisation creates global norms with the intention of stopping these unlawful actions and the damage they do to society.
  • The FATF seeks to create the required political will to bring about these types of national legislative and regulatory reforms in its capacity as a policy-making body.
  • The FATF has created the FATF Guidelines, often known as FATF Standards, which guarantee a coordinated international response to stop terrorism, organised crime, and corruption.
  • They aid law enforcement in pursuing the cash used by offenders engaged in human trafficking, the sale of illegal substances, and other crimes.

Historical perspective:

  • The G-7 Summit, which took place in Paris in 1989, established the Financial Action Task Force on Money Laundering in response to growing concerns about the practice.
  • The G-7 Heads of State or Government and the President of the European Commission met to form the Task Force, which included representatives from the G-7 member states, the European Commission, and eight additional nations, after realising the threat to the banking system and financial institutions.

Functions of the FATF:

  • The FATF examines methods used to finance terrorism and money laundering and continually tightens its rules to handle emerging concerns, such as the need to regulate virtual assets, which has grown as cryptocurrencies become more prominent.
  • The FATF keeps non-compliant nations accountable by monitoring their implementation of the FATF Standards to ensure that it is complete and effective.
  • its Secretariat is located at the Organisation for Economic Cooperation and Development (OECD) headquarters in Paris.

Objectives:

  • The FATF's goals are to establish norms and encourage the successful implementation of legal, regulatory, and operational measures to combat money laundering, terrorism financing, and other associated risks to the integrity of the global financial system.
  • The FATF first keeps an eye on its own members' advancements in:
  • Putting the FATF Guidelines into practice; Examining money laundering and countermeasures against it; and promoting their adoption and application globally.
  • The FATF Plenary which is the decision-making body of the FATF, convenes three times a year.
  • The FATF now has 37 member countries and 2 regional bodies (the GCC and the European Commission), which represent the majority of the world's main financial centers.
  • Since 2010, India has also been part to the FATF

Members:

  • Throughout 1991 and 1992, the FATF's membership rose from its initial 16 to 28. The FATF had 31 members when it was first established in the year 2000, and it now has 39.
  • Following the 9/11 attacks in October 2001, the FATF broadened its scope to include initiatives to fight both money laundering and terrorism financing.
  • It increased its efforts to stop the financing of the spread of weapons of mass destruction in April 2012.
FATF List;
GREY:
  • The FATF maintains a "grey list" of nations that are thought to assist money laundering and terrorism financing.
  • This listing aims to alert the nation that it may be added to the blacklist.
  • Greylisting signifies that FATF has intensified surveillance of a nation to assess how well it is implementing measures to combat money laundering and terrorism funding.
  • The "enhanced monitoring list" and the "grey list" are both terms for the same thing.
Black List:
  • The blacklist is used to designate nations that are Non-Cooperative Countries or Territories (NCCTs).
  • These nations aid in the financing of terrorism and the laundering of money.
  • Every so often, the Financial Action Task Force updates the blacklist, adding or removing entries.
Impact of the list on the country:
  • When the Financial Action Task Force (FATF) places a jurisdiction under increased monitoring, it indicates the nation has undertaken to address any identified strategic shortcomings quickly and within predetermined deadlines. This country is also subject to increased surveillance.
  • Grey listing has a negative impact on the nation's imports, exports, and remittances and restricts its ability to obtain foreign funding.
  • FATF is linked with important financial organisations like the IMF and World Bank as observers, and countries that are on the grey list have trouble accessing international credit instruments.

Source: The New Indian Express

Mission Shakti

GS-II : Government policies and interventions Government Schemes & Programmes

Mission Shakti

  • Mission Shakti is a comprehensive program for the safety, security, and empowerment of women, and the Supreme Court has requested further detail information from the government regarding it.
  • This follows worries expressed on a potential scarcity of protection officers to deal with domestic abuse cases.

About Mission Shakti:

  • Mission Shakti is a program in mission mode that aims to improve interventions for women's empowerment, safety, and security.
  • By tackling challenges affecting women across the life cycle continuum and transforming them into equal partners in nation-building through convergence and citizen-ownership, it aims to fulfil the government's commitment to women-led development.

Data regarding Domestic violence:

  • In 801 districts, there are currently 4.4 lakh pending domestic violence cases, according to a government record that was shown in court.
  • While the majority of these districts have Mission Shakti one-stop centers to help victims, it is still unknown how many of them genuinely have protection officers to properly support survivors.
  • The employment of protection officers is required by Section 8 of the Protection of Women from Domestic Violence Act, 2005.
  • Under the law, protection officers play a crucial function and should ideally be female. They provide immediate protection and assistance, inform victims of their legal rights, aid them during court procedures, assist victims in filing complaints, supply information to the police, and provide urgent protection and support.

Preliminary plans for Mission Shakti:

  • "Mission Shakti" has the "Sambal" and "Samarthya" sub-schemes.
  • The Samarthya sub-scheme is for the empowerment of women, whereas the Sambal sub-scheme is for the safety and security of women.

Sambal:

The sub-purpose scheme is to:

  • Enhance accessibility and incorporate all government programmes aimed at protecting and safeguarding women.
  • Additionally, it is to protect women's rights and entitlements to comprehensive ongoing care.
  • Help women who have experienced violence and are in distress, and help them to emerge as full participants in the construction of the country.
  • The former schemes of: make up the components of the "Sambal" sub-scheme.

Samarthya:

The plan's main purpose is to:

  • Through reinforcing, increase access to the range of government services accessible to women at different levels.
  • convergence for women's empowerment and development.
  • The plan intends to empower women and promote their social, cultural, political, and economic development.
Goals of Mission Shakti:
  • Mission Shakti's goal is to offer short- and long-term services and information for all women and girls' holistic development and empowerment, especially those who are differently abled, socially and economically underprivileged, and vulnerable groups in need of care and protection.
  • The components of Mission Shakti all work towards either empowering women or safeguarding women who are facing adversity or are victims of violence:
  • Women who have experienced violence should receive prompt, thorough, ongoing treatment, support, and aid, as well as those who are in need;
  • establishing effective systems for the rescue, defence, and rehabilitation of women in need and victims of crime and violence;
  • to make various government services more easily accessible to women at all levels;
  • Educating the public on government initiatives and programs as well as legal protections to combat societal ills like dowry, domestic abuse, sexual harassment at work, and advancing gender equality, among others.
  • improving the skills and educating those in positions of responsibility under various laws and initiatives;
  • Cooperation with partner Ministries, Departments, States, and UTs to align policies, programs, and schemes and to foster public-private partnerships for women's safety and empowerment in all spheres of society.
Conclusion
  • Mission Shakti seeks to strengthen initiatives that address systemic gender prejudices and discrimination as well as women's safety and empowerment.

Read Also: Umbrella Schemes of Women and Child Development Ministry

Source: PIB

Defense Exports

GS-III : Economic Issues Defense industry

Defense Exports Target

  • The Ministry of Defense recently decided to increase India's yearly aim for defense exports to $5 billion by 2024–25.

Current status of export:

  • India is one of the top 25 nations that export large quantities of weapons, according to the Stockholm International Peace Research Institute (SIPRI).
  • In the years between 2017 and 2021, Myanmar, Sri Lanka, and Armenia were the three countries that imported the most Indian weapons, each at a rate of 50%.
  • In the last five years, India's exports of defence goods have increased by 334%. In 2021–2022, they reached around Rs 13,000 crore.
  • Almost 75 nations receive defence equipment from private businesses and PSUs in India.
  • Included in this are products from the munition list that fall within SCOMET's Special Chemicals, Organisms, Materials, Equipment and Technologies (Category 6) and for which the Directorate of Defense Production (DDP) within the Ministry of Defense gives a permit.
  • In the last five years, Indian defence exports have surged by 334%, according to a 2022 research from the Stockholm International Peace Research Institute (SIPRI).
  • Coastal Surveillance Systems, Kavach MoD II Launcher and FCS, Personal Protection Items, Offshore Patrol Boats, ALH Helicopter, SU Avionics, Bharati Radio, Spares for Radar, Electronic Systems, and Light Engineering Mechanical Components are among the significant defence exports.
  • Lightweight torpedoes, weapon finding radar, rapid patrol boats, 120 mm mortar armoured protection vehicles, 0.338 Lapua magnum sniper rifles, and simulators are some of the main exports from India over the past three years.

Exporting nations:

  • In a research published by India Exim Bank, it was noted that the top three recipients of Indian defence exports between 2017 and 2021 were Seychelles (2.3), Mozambique (5.0), and Mauritius (6.6).
  • When it comes to ammunition, Myanmar has been the greatest importer of Indian weapons, importing 50% of them between 2017 and 2021. Sri Lanka and Armenia each imported 25% and 11%, respectively.

Challenges to defense export:

  • The inability to generate large subsystems and components, insufficient R&D funding, and inadequate design capacity in key technologies are all barriers to domestic production.
  • The previous 49% FDI cap was insufficient to entice multinational industrial companies to open bases in India.
  • Building a manufacturing foundation necessitates a large financial, technological, and gestational commitment. By that time, everything had become obsolete due to modern technologies.
  • Long gestation: Establishing a manufacturing base requires a lot of money and technology, and it takes time. By then, products become obsolete due to emerging innovations.
  • Different jurisdictions: India's ability to manufacture defence products is hampered by the Ministry of Industry Promotion and Ministry of Defense's conflicting responsibilities.
  • Low quality: In a select few instances, the higher indigenization is mostly related to the low-end technology.
  • FDI Policy: The prior 49% FDI cap was insufficient to encourage international manufacturing companies to establish bases in India.

Governmental Programs:

  • India's defence exports have increased as a result of the government's strong push for defence self-reliance.
  • According to various indigenization projects, domestic purchases will account for 75% of the 2023–24 defence capital budget.
  • A ban on the import of the 3,738 items on three positive indigenization lists has been imposed.
  • In order to increase defence exports, two defence industrial corridors were established in Tamil Nadu and Uttar Pradesh.
  • Relaxation of licencing requirements: Moves including streamlined licencing for the defence industry, laxer export regulations, and the granting of no-objection certifications have made it easier to conduct business.
  • Processes are continually being streamlined to make doing business easier in an effort to increase defence exports.
  • DEPC Scheme (Defense Export Promotion Committee): DEPC Scheme was introduced in October 2018. It was designed to support the government's "Make In India" strategy by making potential Indian defence exporters and manufacturers' goods more globally marketable. 10 vehicles, pieces of equipment, and systems now have DEPC status.
  • The private sector will get 25% of the defence research budget in 2022–2023 for newer innovations and the creation of specialised technologies.

Main export destinations for defence:

  • India is in talks with several countries to export some of its most advanced indigenous platforms, such as the Light Combat Aircraft Tejas and the BrahMos supersonic cruise missile made by the joint Indian-Russian company BrahMos Aerospace Pvt Ltd.
  • India is in negotiations to export its indigenous LCA Tejas to 16 countries, including Argentina, Egypt, and other nations.
  • India has inked a contract with Mauritius for the delivery of one Advanced Light Helicopter (ALH Mk III) for the Mauritius Police Force as part of its efforts to export its domestic Advanced Light Helicopter to numerous other nations.

Way Forward

  • The expansion of the defence sector benefits India economically and strategically by lowering imports and generating jobs.

Source: The Indian Express

Neutrinos

GS-III : S&T Space

Neutrinos

  • It was recently reported by physicists using the Kamioka Liquid Scintillator Antineutrino Detector (KamLAND) in Japan that despite reviewing two years' worth of data, they were unable to detect any evidence that neutrinos might be their own anti-particles.?????

About KamLAND Experiment:

  • The neutrinoless double beta-decay is an event that KamLAND searches for.
  • Two neutrons in an atom decay normally into two protons by generating two electrons and two electron antineutrinos.
  • The absence of anti-neutrinos in neutrinoless double beta decay can only occur if anti-neutrinos are only various varieties of neutrinos.

About Neutrinos.

  • After photons (light particles), neutrinos are the second most common particle in the universe and are abundantly produced in star cores.
  • These characteristics provide windows into the universe's microscopic structure due to their ubiquity.
  • Consider the unanswered topic of whether neutrinos are their own antiparticles. If they were, scientists would have the means to explain why there is more matter in the universe than antimatter.
  • Relevance: Neutrino oscillations and their interactions with mass must be probed in order to understand the universe's formation.
  • Neutrino sources: In a supernova, when cosmic rays strike atoms, during radioactive decays, and other processes, neutrinos are produced.

What are anti-particles?

  • An antiparticle exists for every constituent particle. If the two come into contact, a burst of energy will instantly annihilate the other.
  • The positron is the antiparticle of the electron. Neutrinos also have anti-neutrinos.
  • Yet, because they have opposing charges, an electron and a positron may be distinguished from one another.
  • Both neutrinos and anti-neutrinos lack any distinguishing characteristics, such as an electric charge.
  • Subatomic particles can be divided into two categories: matter particles and force-carrying particles. Neutrinos are fermions, which are subatomic particles. Dirac fermions and Majorana fermions are two subtypes of fermions. Whereas Majorana fermions are their own anti-particles, Dirac fermions are not.

Read Also: The Neutrino project

Source: The Hindu

ALMA Telescope

GS-III : S&T Space

ALMA Telescope

ALMA, the Atacama Large Millimeter/submillimeter Array, will soon get hardware and software updates.

More about the news:

  • The improvement will enable it to gather significantly more data and generate photographs that are crisper than ever.
  • The correlator, a supercomputer that integrates the information from many antennas and enables astronomers to make extremely detailed images of celestial objects, will be replaced, and this will be the most major modernization made to ALMA.
  • One of the fastest supercomputers in the world is ALMA's correlator.

About Large Millimeter/submillimeter Array at Atacama:

  • ALMA is a cutting-edge radio telescope that analyses astronomical objects at millimeter and submillimeter wavelengths. It has 66 antennas.
  • They can look through dust clouds and aid astronomers in studying faint and far-off galaxies and stars.
  • Also, it has exceptional sensitivity, enabling it to pick up radio signals that are incredibly faint.

Location: Northern Chile's Atacama Desert.

  • It has been fully functional since 2013, and has helped astronomers make significant discoveries, including that of starburst galaxies and the dust generation inside supernova 1987A.

Development:

The European Southern Observatory, the National Astronomical Observatory of Japan, and the National Radio Astronomy Observatory of the United States all contributed to its design, planning, and construction (ESO).

  • A cooperation between the United States, 16 European nations, Canada, Japan, South Korea, Taiwan, and Chile is responsible for running ALMA. The announcement was made after all of the partners had approved the financing needed for the modifications.

Why is ALMA in the Atacama Desert of Chile?

  • ALMA is located on the Chajnantor plateau in Chile's Atacama Desert at an elevation of 16,570 feet (5,050 metres) above sea level.
  • Reason: Because Earth's atmosphere readily absorbs water vapour at millimetre and submillimeter wavelengths, which are the waves it observes.
  • The desert is also the driest area on Earth, which means that most of its nights are cloud- and moisture-free, making it an ideal place for astronomical observation.
Findings of Telescope:
  • A very young T Tauri star named HL Tauri, located in the constellation Taurus, is around 450 light years away from Earth. In 2013, starburst galaxies ALMA gave precise views of the protoplanetary disc surrounding the star.
In 2015:
  • It assisted in the observation of the Einstein ring, a phenomena that happens when light from a galaxy or star passes past a large object on its way to the Earth.
  • The supermassive black hole at the centre of our own Milky Way galaxy was also captured in its first photograph.
  • In May 2022, scientists presented the image.

Source: The Hindu

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