August 25, 2023 | Your One-Stop Solution for Daily Preparation
Eradicating Poverty | Explained
Explore India's multifaceted approach towards eradicating poverty and achieving Sustainable Development Goal 1 (SDG 1). Discover how initiatives like Pradhan Mantri Garib Kalyan Yojana (PMGKY), Skill India Mission, and more are transforming lives and driving progress. Learn about the recent Multidimensional Poverty Index data and the strides made in reducing poverty in various states.
Highlights of the Day
1. Modi and Xi Agree to Intensify Efforts for LAC De-escalation After BRICS Summit Talks
India and China have agreed to intensify efforts to defuse tensions along the Line of Actual Control (LAC) after a conversation between Prime Minister Narendra Modi and Chinese President Xi Jinping during the BRICS summit in South Africa. This marked the first substantial discussion between the leaders in three years regarding the ongoing military standoff. They directed officials to accelerate disengagement and de-escalation, focusing on the ongoing talks between military commanders. While no clear timeline was given, this development echoes the 2017 Doklam conflict's resolution after a similar sideline meeting. The upcoming G-20 and East Asia Summits might further facilitate diplomatic discussions [1].
2. BRICS Expands Membership and Global Influence, Including Major Energy Players
The BRICS grouping has expanded its membership from five to eleven, including major players from the Middle East and Africa. This move strengthens the bloc's political and economic standing, despite Western skepticism. The expansion, orchestrated by India with strategic partners, notably Iran, sends messages against U.S. sanctions and bolsters UN reform efforts. The inclusion of energy giants like Saudi Arabia and Iran highlights the group's focus on national currencies and energy cooperation. While the new members' close ties to China are evident, India may need to work harder for influence within the now diversified BRICS [2].
3. PUNE's College of Military Engineering Achieves India's First Carbon-Negative Garrison
PUNE's College of Military Engineering (CME) commissioned a 5-MW solar power plant, raising its solar capacity to 7 MW and becoming India's first carbon-negative military formation. CME's initiatives, including solar projects and emission controls, curbed carbon footprint and saved Rs 6.5 crore annually. This achievement sets a precedent for other military units, contributing to India's clean energy goals [3].
4. US Urges Russia to Reconsider Grain Initiative Suspension Amid G20 Trade Talks
United States Trade Representative Katherine Tai urged Russia to reverse the Black Sea Grain Initiative suspension, end the aggression in Ukraine, and withdraw forces. At the G20 meeting, she linked Russia's war to trade talks, citing its impact on global food prices. Tai also called for a reformed WTO dispute system and highlighted Russia's duty to resume the grain initiative for food security. She emphasized that Russia's actions affect vulnerable populations and demanded an end to the war in Ukraine [4].
5. India-UK FTA Talks in Final Stages, No Deadline Set: UK Trade Secretary
India-UK Free Trade Agreement (FTA) talks are in final stages without a set deadline, according to UK Secretary of State for Business and Trade Kemi Badenoch. Discussions actively address business mobility within FTA, while visa issues are separate. UK emphasizes impact of Russia-Ukraine war on global trade at ongoing G20. Over 19 of 26 FTA chapters have been agreed upon. Differences include investment treaties, intellectual property, and duty relief for UK alcohol imports. Badenoch's three-day visit involves G20 meeting and meetings with Indian officials to shape mutually beneficial agreement [5].
Source: The Hindu | Indian Express
Practice Questions for Prelims
Q1: Consider the following statements about "Carbon Trading":
I. Carbon trading is a market-based approach aimed at reducing greenhouse gas emissions.
II. In carbon trading, countries or organizations with lower emissions can sell their unused emission allowances to those exceeding their emission limits.
III. The Kyoto Protocol established a global carbon trading system to address climate change.
Choose the correct combination:
a) I and II
b) II and III
c) I and III
d) All of the above
Q2: Examine the following statements about the "Electoral College" in the context of Indian Presidential elections:
I. The President of India is elected by an Electoral College consisting of the elected members of both Houses of Parliament and the elected members of the Legislative Assemblies of the States.
II. The value of the votes of the members of the Electoral College is determined by the population of their respective constituencies.
III. In the Presidential election, the candidate who receives the majority of the votes of the Electoral College is declared the winner.
Choose the correct combination:
a) I and II
b) II and III
c) I and III
d) All of the above
Q3: Consider the following statements about "Cryptocurrency":
I. Cryptocurrency is a form of digital or virtual currency that uses cryptography for secure financial transactions.
II. Cryptocurrencies operate on a centralized network controlled by a single authority.
III. Bitcoin, Ethereum, and Ripple are examples of popular cryptocurrencies.
Choose the correct combination:
a) I and II
b) II and III
c) I and III
d) All of the above
Q4: Consider the following statements about "Nuclear Non-Proliferation Treaty (NPT)":
I. NPT aims to prevent the spread of nuclear weapons and weapons technology.
II. All countries that signed the NPT are permitted to develop nuclear weapons.
III. India, Pakistan, and North Korea are examples of countries that are not parties to the NPT.
Choose the correct combination:
a) I and II
b) II and III
c) I and III
d) All of the above
Q5: Consider the following statements about "Monetary Policy Committee (MPC)":
I. MPC is a committee of the Reserve Bank of India (RBI) responsible for setting monetary policy in the country.
II. The primary objective of the MPC is to achieve price stability and maintain inflation within a target range.
III. The Governor of RBI serves as the Chairman of the MPC, and the committee also includes members from the Ministry of Finance.
Choose the correct combination:
a) I and II
b) II and III
c) I and III
d) None of the above
Today’s Question for Mains Answer Writing
Discuss the significance of Sustainable Development Goal 1 (SDG 1) in eradicating extreme poverty by 2030. Evaluate national policies promoting inclusive socio-economic growth and address challenges hindering the realization of this goal. (Word limit: 250 words)
Need help in writing or evaluation?
Note: For answer key and explanation of daily practice questions, join us at: t.me/tinkerchild
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