January 12, 2024 | Your One-Stop Solution for Daily Preparation
India-Bangladesh Relations | Explained
India and Bangladesh share a historical journey intertwined with the struggles of partition and the subsequent creation of Bangladesh in 1971. The diplomatic ties between these two South Asian neighbors have witnessed various phases, shaping a relationship of paramount importance in the region.
Highlights of the Day
1.India's Direct Tax Collections Surge, Exceeding 80% of Fiscal Year Target
India's net direct tax collections reached ₹14.7 lakh crore by January 10, meeting over 80% of the fiscal year 2023-24 target, showing a 19.4% YoY growth. The Central Board of Direct Taxes reported steady growth, with gross collections at ₹17.18 lakh crore, driven by a 26.11% increase in Personal Income Tax (PIT) and an 8.32% rise in Corporate Income Tax (CIT). After adjusting for refunds, net CIT collections grew by 12.37%, while net PIT collections increased by 27.26%. The net direct tax collections represent 80.61% of the total budget estimates for the fiscal year, prompting expectations of surpassing the full-year target.[1].
2. Inauguration of Mumbai Trans Harbour Link: A Technologically Advanced Gateway for Swift Connectivity
The Mumbai Trans Harbour Link (MTHL), known as the Atal Bihari Vajpayee Sewri Nhava Sheva Atal Setu, is set to be inaugurated, promising a 20-minute ride between Mumbai and Navi Mumbai, significantly reducing travel time. Built at a cost of ₹20,000 crore, the six-lane project includes a 16.5 km sea bridge and a 5.5 km elevated road. Equipped with cutting-edge technology, it aims to enhance connectivity to Pune, Goa, and southern India. Despite concerns about ecological impact, the project is expected to foster economic growth and job opportunities, emphasizing sustainable development and reduced environmental impact[2].
3. Indore and Surat Clinch Top Honors in Swachh Survekshan 2023 Awards
Surat and Indore were jointly declared the cleanest cities in India at the Swachh Survekshan Awards 2023, with Indore winning for the seventh consecutive time. Navi Mumbai secured the third spot. Maharashtra topped the list of cleanest states, followed by Madhya Pradesh. President Droupadi Murmu presented the awards, emphasizing the theme "Waste to Wealth." The ceremony also introduced the 2023 dashboard. Union Minister Hardeep Singh Puri highlighted the Swachh Bharat Mission's success, transforming into a people's movement. The cleanliness survey covered 4,477 cities, with 12 crore citizen responses received. Madhya Pradesh Chief Minister praised Indore's residents and municipal staff for the achievement[3].
4. China and Maldives Elevate Relations Amidst Strategic Shifts and Economic Collaboration
China and the Maldives have upgraded relations to a comprehensive strategic cooperative partnership, strengthening ties and cooperation in various fields. During President Muizzu's visit to China, the two countries signed 20 MoUs, focusing on blue economy, digital economy, infrastructure linked to the Belt and Road Initiative, disaster mitigation, and news cooperation. The move follows Maldives' decision to skip an India-led security conclave and coincides with a diplomatic row with India. China expressed support for the Maldives' development path and opposed external interference. President Muizzu emphasized boosting Chinese tourism and hailed the Belt and Road Initiative in talks with President Xi[4].
5.India Strengthens Pharmaceutical Manufacturing Standards to Address Global Concerns
The Ministry of Health and Family Welfare in India has revised Schedule M of the Drugs and Cosmetics Rules to enhance pharmaceutical manufacturing standards. This move aims to address global concerns over sub-standard medicines exported from India. The revision introduces new categories, emphasizes a pharmaceutical quality system, and mandates quality risk management. Manufacturers must ensure drug quality, comply with licensing requirements, and conduct thorough testing before marketing products. The update aligns Good Manufacturing Practices with international standards, particularly those of the World Health Organization. Small manufacturers have 12 months, while larger ones have six months to comply[5].
Source: The Hindu | TOI
Practice Questions for Prelims
Q1: Examine the following statements regarding "Foreign Direct Investment (FDI)":
I. FDI involves an investor from one country making an investment in another country.
II. The "Make in India" initiative aimed to boost FDI in India.
III. FDI is limited to certain sectors in India, with no foreign investment allowed in retail.
Choose the correct combination:
a) I and II
b) II and III
c) I and III
d) I, II, and III
Q2: Examine the following statements about the "Battle of Plassey":
I. The Battle of Plassey, fought in 1757, marked the beginning of British colonial rule in India.
II. The battle took place between the British East India Company and the Marathas.
III. The pivotal role played by Mir Jafar, the commander of the Nawab of Bengal's army, was crucial for the British victory.
Q3: Consider the following statements about inflation:
I. Inflation is defined as a decrease in the general price level of goods and services over time.
II. Demand-pull inflation occurs when demand for goods and services exceeds their supply.
III. Stagflation is a situation where inflation is high, and economic growth is also high.
IV. Central banks often use interest rates as a tool to control inflation.
Choose the correct statements from the options below:
A) I and II only
B) II and IV only
C) I, III, and IV only
D) I, II, and IV only
Q4: Consider the following statements about the Mughal Emperor Akbar:
I. Akbar implemented a policy of religious tolerance and sought to promote religious harmony.
II. He established a centralized administrative system known as the Mansabdari system.
III. Akbar's reign witnessed the construction of the Red Fort in Delhi.
IV. Akbar was succeeded by his son Aurangzeb.
Choose the correct statements from the options below:
A) I and II only
B) II and III only
C) I, III, and IV only
D) I, II, and IV only
Q5: Consider the following statements about biotechnology:
I. Biotechnology involves the use of living organisms or their products to create new products or processes.
II. Genetic engineering is a subset of biotechnology that focuses on altering an organism's DNA.
III. The Polymerase Chain Reaction (PCR) is a technique used in biotechnology to amplify DNA.
IV. Biotechnology has no applications in the field of medicine.
Choose the correct statements from the options below:
A) I and II only
B) II and III only
C) I and IV only
D) I, II, and III only
Today’s Question for Mains Answer Writing
In the context of evolving geopolitical dynamics, analyze the significance of India-Bangladesh relations in promoting regional stability and economic cooperation. Discuss key challenges and opportunities, and suggest strategic measures for enhancing the bilateral partnership. Support your arguments with historical perspectives and recent developments?
Need help in writing or evaluation?
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