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Monthly DNA
07 Mar, 2020
14 Min Read
Syllabus subtopic: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests.
Prelims and Mains focus: about the move and its significance; about IOC
News: India has joined as an observer of the Indian Ocean Commission.
About the move
With this, India joins China, which was made an observer in 2016, as well as the “International Organisation of the Francophonie” or the 54-nation French-speaking collective, the European Union (EU) and Malta, which were all admitted in 2017.
Background
Significance of the move
About IOC
The COI works on four pillars which have been adopted in 2005 by the Summit of Heads of States:
Source: The Hindu
Syllabus subtopic: Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation.
Prelims and Mains focus: about the key features of the bill
News: The Lok Sabha passed the Mines and Mineral Laws (Amendment) Bill amid sloganeering by Opposition members over the Delhi violence and other issues.
Key features of the Bill
Source: The Hindu
Syllabus subtopic: Important Aspects of Governance, Transparency and Accountability
Prelims and Mains focus: about the issue and recommendations of the committee
News: The parliamentary panel on Personnel, Public Grievances, Law and Justice has pulled up the government for “dismal implementation” of the reservation policy.
About the issue
Recommendations
Source: The Hindu
Syllabus subtopic: Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth.
Prelims and Mains focus: on the currency swap agreement and its significance
News: Reserve Bank of India (RBI) governor made a case for international multilateral agencies like the International Monetary Fund (IMF) to launch currency swaps for countries affected by the spread of COVID-19, also known as coronavirus.
Need
A swap line was critical from the point of view of preserving global financial stability. The global economy has been hit hard by COVID-19. According to IMF projections, the outbreak’s impact on the global economy will be 0.1 per cent and 0.4 per cent on the Chinese economy.
What is the benefit?
A coordinated swap line would act as a second line of defence to bolster national reserves across nations.
What is a currency swap agreement?
What is the purpose of currency swap?
1) Exchange cash for cash vs cash for securities;
2) Exchange conditional vs unconditional swaps;
3) Exchange reserve currencies on both sides;
4) Exchange reserve currency for non-reserve currency; and
5) Exchange non-reserve currencies on both sides.
Source: Indian Express
Syllabus subtopic: Challenges to Internal Security through Communication Networks, Role of Media and Social Networking Sites in Internal Security Challenges, Basics of Cyber Security
Prelims and Mains focus: on the cyber security threat concerning India; on NTRO
News: Although India is the fifth most important target of cyber threats, the country does not focus enough on security during the technology development process, National Technical Research Organisation (NTRO) chairman told an audience of cyber security experts at the cyber security Nullcon conference at Dona Paula in Goa.
Need of the hour
About NTRO
Source: Indian Express
Syllabus subtopic: Important International Institutions, agencies and fora - their Structure, Mandate. Prelims and Mains focus: about the key highlights of the report and India’s performance News: Freedom in the World 2020 report, a yearly survey and report by the U.S
Syllabus subtopic: Statutory, Regulatory and various Quasi-judicial Bodies. Prelims and Mains focus: about the move and its significance; about EPFO News: Salaried employees are set to get 0.15% less in interest on provident fund deposits for 2019-2020, with the Central Boa
Suspension of MPs Syllabus subtopic: Parliament and State Legislatures—Structure, Functioning, Conduct of Business, Powers & Privileges and Issues Arising out of these. Prelims and Mains focus: on the issue of suspension of MPs and the rules and procedure regarding it &n
Common Electricity Market for India’s neighbourhood Syllabus subtopic: India and its Neighborhood- Relations. Prelims and Mains focus: about the move and its significance News: The Union government plans to set up a regional grid that will be leveraged to create a common electricity m
Syllabus subtopic: Awareness in the fields of IT, Space, Computers, Robotics, Nano-technology, Bio-technology and issues relating to Intellectual Property Rights. Prelims and Mains focus: about cryptocurrencies: merits and demerits News: In April 2018, the Reserve Bank of I
Syllabus subtopic: Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation. Prelims and Mains focus: about the amendments and their significance; about CSR News: The Union Cabinet approved the propos
Internet Shutdowns in India Syllabus subtopic: Challenges to Internal Security through Communication Networks, Role of Media and Social Networking Sites in Internal Security Challenges, Prelims and Mains focus: about the study and its key findings; trends in internet shutdowns in Ind
Syllabus subtopic: Important International Institutions, agencies and fora - their Structure, Mandate. Prelims and Mains focus: about the proposed law and its objective; about EU’s Green deal and its significance News: Amid fierce criticism from environmental activist
NRIs permitted to own 100% stake in Air India Syllabus subtopic: Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth. Prelims and Mains focus: about the move to privatize Air India and its significance; about Air India &nbs
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