Syllabus: General Studies Paper 3
India has a grim record in police brutality and custodial violence.
Use of technology
Technologies used
Concerns
Way forward
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Syllabus: General Studies Paper 2
Prime Minister to launch year-long celebrations to remember contributions of Alluri Sitarama Raju.
Alluri Sitarama Raju
Freedom Struggle
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Syllabus: General Studies Paper 3
MoEFCC has notified Forest (conservation) Rules 2022, under the Forest (conservation) Act, 1980.
New Rules
Previously, the government has started to rank state environment impact assessment authorities (SEIAAs) based on the speed at which they cleared proposals and provided environmental clearance for projects.
MoEF proposes amendments in Environment Protection Act 1986
About EPA: Enacted under Article 253 of the Constitution, the EPA came into force in 1986. The Act establishes “the framework for studying, planning, and implementing long-term requirements of environmental safety and laying down a system of speedy and adequate response to situations threatening the environment.”
Three Main Entities Responsible for Environmental Laws in India:
The Main Environmental Laws in India are:
Syllabus: General Studies Paper 3
The government has transformed Banks Board Bureau (BBB) into Financial Services Institutions Bureau (FSIB) by making some amendments.
Financial Services Institutions Bureau
Aim:
Amendment required:
Why the need for revamping:-
About BBB:
It was set up in February 2016 as an autonomous body– based on the recommendations of the RBI-appointed Nayak Committee.
Composition:
Banks Board Bureau comprises the Chairman, three ex-officio members i.e Secretary, Department of Public Enterprises, Secretary of the Department of Financial Services and Deputy Governor of the Reserve Bank of India, and five expert members, two of which are from the private sector.
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Syllabus: General Studies Paper 3
In recent times, India’s optical fibre industry has seen unfair competition from cheap imports from China, Indonesia and South Korea. These countries have been dumping their products in India at rates lower than the market price.
What is Dumping?
When the goods are exported by a country to a foreign country at a price lower than the price it charges in its own home market is called dumping.
Dumping is legal: Under World Trade Organization (WTO) rules, dumping is illegal only if the foreign country can reliably show the negative effects the exporting firm has caused its domestic producers.
What is “Anti-dumping”?
Anti-dumping is a protectionist tariff, imposed by a domestic government on foreign imports that are at a price lower than the price it normally charges in its own home market.
Difference between anti-dumping duty and Countervailing duty?
Countervailing Duty: It is a customs duty on those goods that have received some kind of government subsidies whether in the originating or exporting country.
Sunset clause for Anti-Dumping Duty:
Unless revoked earlier, the validity of anti-dumping duty is for five years from the date of imposition. It can be extended for a further period of five years through a sunset or expiry review investigation.
Which authority in India administers trade remedial measures like anti-dumping?
Directorate General of Trade Remedies, the apex national authority under the Ministry of Commerce and Industry administers all trade remedial measures.
Syllabus: General Studies Paper 3
India’s aspiration to become a $5-trillion economy is predicated on the growth of its international trade to $2 trillion by 2030, equally contributed to by merchandise and services. This translates into a three-fold growth or almost 20 per cent CAGR over this period.
Concerns in the Services Industry
Even though it comprises over 50 percent of the GDP, the services sector does not receive the recognition — and more importantly, the encouragement in the form of incentives — it deserves.
3.Lack of Incentives:
The Way Forward
To quadruple services exports over the next 7-8 years is surely a herculean task and certainly not achievable unless there is a strategic road map with the right sort of government intervention.
Conclusion
Services Sector
In these adverse times, if economic momentum has to be sustained and every initiative and effort has to be made to yield the desired result, then the perception of services, especially their exports, must radically transform. This is also to ensure that as a major economy, India’s reliance should be on multiple horses in the race — manufacturing and services.
About the Service Exports from India Scheme (SEIS)
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Syllabus: General Studies Paper 2
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Syllabus: General Studies Paper 3
The asset quality of the banking system has improved with gross non-performing assets (GNPA) ratio declining from 7.4 per cent in March 2021 to a six-year low of 5.9 per cent in March 2022.
Notwithstanding the challenges from global spillovers, the Indian economy remains on the path of recovery, though inflationary pressures, external spillovers and geopolitical risks warrant careful handling and close monitoring.
What Is a Non-Performing Asset (NPA)?
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Syllabus: General Studies Paper 3
At the first meeting of the Multi-Agency Maritime Security Group (MAMSG), National Security Adviser (NSA) Ajit Doval, while calling for seamless coordination among all stakeholders involved in the maritime domain, stated that the maritime domain was a multilateral construct and a nation “cannot unilaterally decide” in the maritime domain.
Key Discussions:
India
Syllabus: General Studies Paper 3
ISRO places 3 Singapore satellites, 6 experiments in orbit in second launch this year. The first one having placed an Indian Earth Observation Satellite in orbit.
POEM
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