19 Nov 2021: UPSC Exam Comprehensive News Analysis

CNA 19 Nov 2021:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
POLITY
1. No consensus on limiting Speaker’s powers
INTERNATIONAL RELATIONS
1. WTO must rein in nations violating trade rules: Goyal
2. ‘Trade Policy Forum a chance for India, U.S. to align expectations’
C. GS 3 Related
ECONOMY
1. Regulating cryptocurrencies: Treating them as speculative assets
D. GS 4 Related
E. Editorials
INTERNATIONAL RELATIONS
1. Agreeing to disagree
F. Prelims Facts
1. Russia tests hypersonic cruise missile
2. Help from overseas
G. Tidbits
1. India needs $10 tn. to meet net zero
2. Modi calls for caution on cryptocurrencies
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

Category: INTERNATIONAL RELATIONS

1. WTO must rein in nations violating trade rules: Goyal

Context:

  • Commerce and Industry Minister’s statements at the Global Economic summit hosted by the Confederation of Indian Industry.

Details:

  • The Minister expressed concerns over World Trade Organization (WTO) member nations not working transparently as per global trading rules. He also called out the lack of fair play and honest business practices among some countries. In this direction, he called for a reboot of the functioning of the global trade rules regime. This statement holds significance given that it comes just ahead of the upcoming World Trade Organization (WTO) ministerial meet.
  • The Minister noted the unfair treatment being meted out by developed nations towards the least developed and developing nations on the trade issue especially in aspects related to Special and Differential Treatment trade benefits.
  • While defending India’s decision to keep away from the Regional Comprehensive Economic Partnership (RCEP) agreement the Minister pointed out to lack of transparency on trade, dishonest trade practices and limited market accessibility. This is being seen as a veiled reference to China’s approach to international trade.

2. ‘Trade Policy Forum a chance for India, U.S. to align expectations’

Context:

  • The Indian Commerce Minister and U.S. Trade Representative are scheduled to meet soon under the U.S.-India Trade Policy Forum (TPF) framework.

Background:

Economic ties between India and U.S.:

  • Available data indicates a strong rebound in India-U.S. bilateral trade. Bilateral trade has increased from approximately $20 billion in 2001 to just over $145 billion in 2019. This is being viewed as a sign of the strengthening economic ties between the two countries.
  • U.S. companies continue to be the biggest source of foreign direct investment, which has helped contribute to economic growth in India.

Significance of the TPF framework:

  • The Trade Policy Forum will act as an institutional mechanism and a foundational process to help the two countries align expectations and approaches to trade relations, and perhaps create a roadmap for a future Free Trade Agreement.

Issues:

  • Digital trade – The U.S. has criticized India’s move to introduce the equalization levy on digital services offered by tech giants. India maintains that the provision is in India’s interests and it does not go against any international rules.
  • Market access – The U.S. has been arguing for enhanced market access into India for its agricultural, medical devices and automobiles. The U.S. has criticized the high taxes being imposed on its goods being exported to India.
  • Labour and environmental standards – India has argued against the setting of labour and environmental standards as it believes that they act as non-trade barriers for trade and in particular affect the interests of developing countries in global trade.
  • The removal of India from the U.S.’s Generalized System of Preferences (GSP) has been a sore point in the bilateral trade relations. India has been asking for a renewal of its GSP status.

Also read: India – US relations

F. Prelims Facts

1. Russia tests hypersonic cruise missile

  • Russia has carried out another successful test of its Zircon hypersonic cruise missile.
    • Hypersonics can travel more than five times the speed of sound making them much harder to track and intercept than traditional projectiles.

2. Help from overseas

  • India, the world’s largest recipient of remittances, received $87 billion in 2021 with the United States being the biggest source, accounting for over 20 per cent of these funds, according to the World Bank’s Migration and Development Brief.
  • This marks an increase of 4.6% from 2020 in monetary value terms.

G. Tidbits

1. India needs $10 tn. to meet net zero

  • According to an analysis by Council for Energy, Environment and Water Research – Centre for Energy Finance (CEEW-CEF), India will need close to $10 trillion (700 lakh crore) to meet its goal of net zero by 2070.
  • Most of this money will be needed to scale up generation from renewable energy and bringing together the necessary integration, distribution and transmission infrastructure to ensure the viability of renewable energy. Also, investments would be required to set up green hydrogen production capacity to push for decarbonisation.
  • The study estimates that India would fall short and would require investment support of $1.4 trillion from developed economies to bridge the gap.

2. Modi calls for caution on cryptocurrencies

  • While delivering the keynote speech at the Sydney Dialogue, the Indian Prime Minister cautioned against the misuse of cryptocurrencies and urged democracies to work together to deal with the threat.
  • While noting India’s initiatives in the digital domain, the Indian Prime Minister listed out “five important transitions” taking place in India.
    • Building of the world’s most extensive public information infrastructure
    • Use of digital technology for governance
    • Building of the world’s third-largest start-up ecosystem
    • Digital changes in agriculture
    • Preparing for 5G and 6G rollout.

H. UPSC Prelims Practice Questions

Q.1 Which of the following statements is/are correct about Rani Lakshmibai?
  1. Rani Lakshmibai was one of the leading figures in the Quit India Movement.
  2. During her period, Jhansi was a Maratha princely state.
  3. The British policy of ‘Doctrine of Lapse’ led her to revolt against the colonial empire.

Options:

  1. 1 only
  2. 2 only
  3. 2 and 3 only
  4. 1, 2 and 3
CHECK ANSWERS:-

Answer: c

Explanation:

  • Rani Lakshmibai was the queen of the Maratha princely state of Jhansi.
  • Rani Lakshmibai was one of the leading figures of the Rebellion of 1857 and became a symbol of resistance to the British Raj for Indian nationalists.
  • The British East India Company’s rejection of the claim of an adopted son and the application of the Doctrine of Lapse and annexation of the state of Jhansi led Rani Lakshmibai to revolt against the colonial empire.
Q.2 Which of the following statements is/are incorrect?
  1. India has become the third-largest domestic aviation market in the world and handles the largest domestic air traffic after USA and China.
  2. The Ministry of Civil Aviation launched the UDAN scheme in 2016 to improve India’s international air connectivity with a focus on US and European markets.

Options:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
CHECK ANSWERS:-

Answer: b

Explanation:

  • India has become the third-largest domestic aviation market in the world and handles the largest domestic air traffic after USA and China.
  • The Ministry of Civil Aviation launched the UDAN scheme in 2016. UDAN is a regional airport development program of the Government of India and part of the Regional Connectivity Scheme (RCS) of upgrading underserviced air routes. Its goal is to make air travel affordable and widespread, to boost inclusive national economic development, job growth and air transport infrastructure development of all regions and states of India.
Q.3 Which of the following statements is/are correct?
  1. India’s MSME sector plays a very significant role in terms of job creation, expanding manufacturing base and boosting Indian exports.
  2. The sector contributes over 11 crore jobs with over 30% contribution to the GDP and over 49% to overall exports from India.

Options:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2
CHECK ANSWERS:-

Answer: c

Explanation:

  • India’s MSME sector plays a very significant role in terms of job creation, expanding manufacturing base and boosting Indian exports.
  • The sector consists of over 6 crore units employing over 11 crore people and is a seminal contributor to the economic growth with over 30% of contribution to GDP and over 49% of overall exports from India. Also, MSMEs have a substantial role in ensuring more inclusive growth given that a large number of MSME units are located in rural areas.
Q.4 The term ‘Zircon’, recently seen in the news, refers to -
  1. DRDO’s robotic bomb disposal prototype
  2. Russian hypersonic cruise missile
  3. Israel’s single-dose COVID-19 vaccine
  4. Google’s satellite-based internet project
CHECK ANSWERS:-

Answer: b

Explanation:

  • Russia has carried out another successful test of its Zircon hypersonic cruise missile.
  • Hypersonics can travel more than five times the speed of sound making them much harder to track and intercept than traditional projectiles.
Q.5 Which of the following best describes/describe the aim of ‘Green India Mission’ of the 
Government of India? (UPSC-2016)
  1. Incorporating environmental benefits and costs into the Union and State Budgets thereby implementing the ‘green accounting’.
  2. Launching the second green revolution to enhance agricultural output so as to ensure food security to one and all in the future.
  3. Restoring and enhancing forest cover and responding to climate change by a combination of adaptation and mitigation measures.

Select the correct answer using the code given below.

  1. 1 only
  2. 2 and 3 only
  3. 3 only
  4. 1, 2 and 3
CHECK ANSWERS:-

Answer: c

Explanation:

  • Green India Mission was launched in 2014.
  • Green India Mission aims at protecting, restoring and enhancing India’s diminishing forest cover and responding to climate change through adaptation and mitigation measures.

I. UPSC Mains Practice Questions

  1. In light of the recent clashes between the Centre and the State governments, suggest ways to invigorate Centre-State relations in the country. (250 words; 15 marks)(GS Paper 2/Polity)
  2. Do you agree with the perception that WTO has failed to live up to its expectations and must re-invent itself to fulfil its mandate? Elaborate on the reasons behind your argument. (250 words; 15 marks)(GS Paper 2/International Relations)

Read the previous CNA here.

CNA 19 Nov 2021:- Download PDF Here

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