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5 Dec 2022: UPSC Exam Comprehensive News Analysis

CNA 5 Dec 2022:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
SOCIAL JUSTICE
1. Traffickers are moving online in search of victims
INTERNATIONAL RELATIONS
1. Afghanistan open for investment by India, say Taliban
2. OPEC+ to continue present output, despite fresh sanctions on Russia
C. GS 3 Related
INDIAN ECONOMY
1. Why has the Reserve Bank of India introduced an e-rupee?
D. GS 4 Related
E. Editorials
ENVIRONMENT
1. Poor soil management will erode food security
INTERNATIONAL RELATIONS
1. China’s moves in the Indian Ocean
F. Prelims Facts
1. German Minister changes stance on ‘UN role in Kashmir dispute’
G. Tidbits
1. India scores highest-ever ranking in aviation safety
2. In rare gesture, Iran shuts morality police
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

Category: INTERNATIONAL RELATIONS

1. Afghanistan open for investment by India, say Taliban

Syllabus: India and its neighborhood relations.

Mains: India – Taliban relations.

Details:

  • It was reported that a Taliban delegation had met the head of mission of the Indian Embassy in Kabul and invited its teams to build and sustain infrastructure projects in Afghanistan.
  • Afghan Minister of Urban Development has communicated that Afghanistan is open to Indian investment including urban infrastructure. 
  • It should be noted that several Indian companies were earlier involved in building and maintaining health and electricity infrastructure projects in Afghanistan. However, as the Taliban forces took over Afghanistan, these companies were evacuated in August 2021.
  • It should be noted that the relationship between the Taliban administration and India has remained undefined because India has not recognized the current administration in Kabul.
  • Indian public and private sector entities invested around $3 billion in the infrastructure sector of Afghanistan in the past two decades.

For more information on India- Afghanistan relations, read here: India-Afghanistan Relations: Overview [UPSC IR Notes]

Nut Graf: The investment in Afghanistan is under threat after the return of the Taliban. Taliban have expressed the need for Indian investment to build and sustain infrastructure projects in the country.

2. OPEC+ to continue present output, despite fresh sanctions on Russia

Syllabus: Global groupings and agreements affecting India’s interest.

Mains: OPEC+ meeting and Western Sanctions on Russian crude.

Prelims: OPEC+.

Context: OPEC+ meeting after the new sanctions on Russian crude by the western bloc.

Details:

  • Major oil-producing nations led by  Russia and Saudi Arabia agreed to maintain their present output levels ahead of the new sanctions against Russia. 
    • As per the fresh sanctions,  the EU, G7, and Australia have agreed to a $60-per-barrel price cap on Russian oil, alongside an EU embargo on maritime deliveries of Russian crude oil.
    • It will restrict the seaborne shipments of Russian crude to the European Union. It should be noted that Russian crude accounts for two-thirds of the bloc’s oil imports.
    • The sanctions are an attempt to deprive Russia’s war chest of billions of euros.
  • The representatives of the 13 members of the Organization of the Petroleum Exporting Countries (OPEC) led by Riyadh agreed to sustain their October decision. It was decided by the member countries that the production would be cut by two million barrels per day until the end of 2023.
  • The reason cited for the production cut was the market consideration and stabilization of the global oil market.
  • It remains to be seen how the sanctions will impact the Russian supply. 
  • It should also be noted that due to soaring inflation and China’s weaker energy demand in the backdrop of  COVID-related restrictions, the two global crude benchmarks remained close to their lowest level of the year.

For more information on the Russian-oil price cap, read here: Sansad TV Perspective: Russian Oil Price Cap

Nut Graf: The OPEC+ member countries have decided to continue with their October decision of production cut on the backdrop for new sanctions against Russian Crude. However, there exists an environment of uncertainty, which will be clear only after the rollout of sanctions.

CNA 5 Dec 2022:- Download PDF Here

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