27 Sep 2023: UPSC Exam Comprehensive News Analysis

27 September 2023 CNA
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TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
INTERNATIONAL RELATIONS
1. Pakistan’s internal challenges
2. Nepal says no to China’s security initiative
C. GS 3 Related
D. GS 4 Related
E. Editorials
SOCIAL ISSUES
1. With climate change, tackling new disease scenarios
INDIAN ECONOMY
1. Identity pangs: A report on global digital IDs brings Aadhaar’s limitations, risks in focus
F. Prelims Facts
1. Distribution of phosphorus
G. Tidbits
1. Angel tax
2. Balsams in Western Ghats
G. Tidbits
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

Nothing here for today!!!

2. Nepal says no to China’s security initiative

Syllabus: Bilateral, regional and global groupings and agreements involving India and/or affecting the Indian interests. Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.

Mains: Nepal’s foreign policy decisions and its relationship with China

Context

Nepal’s response to China’s Global Security Initiative and commitment to crossborder connectivity projects during Prime Minister Prachanda’s visit to Beijing.

Introduction

  • Nepal’s response to China’s Global Security Initiative (GSI) and commitment to cross-border connectivity projects during Prime Minister Prachanda’s visit to Beijing.
  • A joint statement outlines key developments in the Nepal-China relationship.

Nepal’s Position on GSI

  • Nepal did not endorse China’s Global Security Initiative (GSI).
  • Instead, Nepal expressed support for the Global Development Initiative (GDI) and willingness to consider joining the Group of Friends of the GDI.
  • Nepal emphasised its cautious approach to security cooperation with China.

Cooperation on Tibet and Territorial Integrity

  • Nepal reaffirmed its commitment to not allow any separatist activities against China on its soil.
  • China expressed firm support for Nepal’s independence, sovereignty, and territorial integrity.

Security Cooperation Elements

  • Both countries agreed to undertake a joint inspection of the China-Nepal boundary.
  • Acknowledged the significance of law enforcement cooperation for bilateral security.
  • Commitment to enhance information exchange, capacity building, and cooperation between law enforcement institutions.

Crossborder Connectivity Projects

  • Flagship project: Cross-border railway from Lhasa to Kathmandu.
  • Agreement to strengthen connectivity in ports, roads, railways, airways, and grids.
  • Plan to jointly build the Trans-Himalayan Multi-Dimensional Connectivity Network.
  • Notable port openings and future border ports under consideration.

Infrastructure and Projects

  • China backs the fourth phase of the Araniko Highway maintenance project.
  • Commitment to renovate the Syaphrubesi-Rasuwagadhi Highway following demolition activities.
  • Accord to build a 220 KV Cross-Border Power Transmission line.
  • Advancements in the feasibility study of the Jilong/Keyrung-Kathmandu Cross-Border Railway.

Friendship Gesture

  • Nepal’s symbolic gesture of gifting a pair of unicorn rhinos to China, akin to “panda diplomacy.”
  • Signifying a symbol of enduring friendship between the two countries.

Conclusion

  • Nepal is carefully balancing its act in its relationship with China, focusing on development projects while approaching security cooperation cautiously.
  • Strengthening cross-border connectivity projects marks a significant aspect of their bilateral ties.

Nut Graf: During Prime Minister Prachanda’s visit to China, Nepal did not endorse China’s Global Security Initiative but expressed support for cross-border connectivity projects, highlighting its cautious approach to security cooperation.

G. Tidbits

1. Angel tax

  • Angel tax is a tax on the capital raised by startups from external investors, often imposed when the investment amount exceeds the fair market value of the startup’s shares.
  • The government has relaxed angel tax rules for investments in startups by non-resident investors.
  • There are now five different methods to value shares, with a 10% tolerance for deviations from accepted valuations.
  • Rule 11UA under the Income Tax Act has been updated, bringing relief to foreign investors.
  • These new methods offer flexibility for valuing companies, benefiting merchant bankers.
  • Resident investors cannot use these five valuation methods.
  • The changes address practical issues faced by Indian companies and investors.
  • The amended rule provides clarity, reducing the likelihood of future disputes.

Read more on angel tax in the linked article.

2. Balsams in Western Ghats

  • Balsams, also known as ‘touch-me-not,’ are in full bloom in Munnar, attracting tourists with their small pink flowers along the Kochi-Dhanushkodi National Highway’s Devikulam stretch.
  • The widespread flowering of balsams indicates the continued activity of the microclimate in the Munnar hill station.
  • India has 220 balsam species, with 135 found in the southern Western Ghats, making Idukki a balsam paradise.
  • New balsam species are regularly discovered in the high ranges of the Western Ghats, including the Periyar Tiger Reserve.
  • Balsams have a typical life cycle from June to December, favouring humid habitats, and are sensitive indicators of climate change.
  • Munnar is home to 46 balsam species, and the Forest Department actively protects these plants in forested areas.
  • The region’s unique biodiversity includes 46 species of balsams, making Munnar’s diversity unmatched worldwide.

H. UPSC Prelims Practice Questions

Q1. The 'Global Security Initiative (GSI)' recently in the news, is related to the 
affairs of:
  1. China’s diplomatic and security ambitions
  2. Global climate change efforts
  3. United Nations peacekeeping missions
  4. European economic cooperation
CHECK ANSWERS:-

Answer: a

Explanation: GSI reflects China’s aspiration to create an alternative security framework to challenge the US-led system of multilateral treaties and alliances.

Q2. Consider the following statements with reference to balsams (genus Impatiens):
  1. Balsams are also known as ‘touch-me-not’ due to the bursting of mature seeds for seed distribution.
  2. All the 220 balsam species in India are found in the southern Western Ghats.
  3. Balsams are not considered an indicator species of climate change.

How many of the statements given above are correct?

  1. Only one
  2. Only two
  3. All three
  4. None
CHECK ANSWERS:-

Answer: a

Explanation: Statements 2 & 3 are incorrect as balsams are considered indicator species of climate change, and 135 out of 220 species are found in the Southern Western Ghats.

Q3. With reference to rheumatic heart disease, which of the following statements 
is/are incorrect?
  1. It is caused by damage to the heart valves and heart muscle from the inflammation and scarring caused by rheumatic fever.
  2. It happens due to the normal response of the body to infection with streptococcal bacteria.

Select the correct answer using the code given below:

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

Answer: b

Explanation: Statement 2 is incorrect as Rheumatic heart disease is caused by an abnormal response of the body to infection with streptococcal bacteria, not a normal response.

Q4. With reference to Angel tax in India, which of the following statements is correct?
  1. Angel tax is levied when a listed company issues shares to an investor at a price higher than its fair market value.
  2. Angel tax is levied when an unlisted company issues shares to an investor at a price lower than its fair market value.
  3. Angel tax is levied when an unlisted company issues shares to an investor at a price higher than its fair market value.
  4. Angel tax is levied when a company, whether listed or unlisted, issues shares to an investor at any price.
CHECK ANSWERS:-

Answer: c

Explanation: Angel tax is levied when an unlisted company issues shares to an investor at a price higher than its fair market value.

Q5. With reference to phosphorus, which of the following statements is/are correct?
  1. Phosphorus exists as a gas, enabling it to readily transfer between land and water, resulting in environmental pollution.
  2. The world’s largest reserves of phosphorus are in Morocco and the Western Sahara region.

Select the correct answer using the code given below:

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

Answer: b

Explanation: Statement 1 is incorrect; it doesn’t exist as a gas, which means it can only move from land to water, where it leads to algal blooms and eutrophication.

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