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  • China blocks Indian proposal to blacklist Pakistani terrorist at UN

    unsc

    Central Idea

    • China yet again blocked a proposal by India and the US at the United Nations to designate Pakistan-national Lashkar-e-Taiba terrorist Sajid Mir as a global terrorist on the UN Security Council’s 1267 list..

    What is the UNSC 1267 list?

    • The UNSC resolution 1267 was adopted unanimously on 15 October 1999.
    • It came to force in 1999, and strengthened after the September, 2001 attacks.
    • It is now known as the Da’esh and Al Qaeda Sanctions Committee.

    What is UNSC 1267 committee?

    • It comprises all permanent and non-permanent members of the United Nations Security Council (UNSC).
    • The 1267 list of terrorists is a global list, with a UNSC stamp.
    • It is one of the most important and active UN subsidiary bodies working on efforts to combat terrorism, particularly in relation to Al Qaeda and the Islamic State group.
    • It discusses UN efforts to limit the movement of terrorists, especially those related to travel bans, the freezing of assets and arms embargoes for terrorism.

    How is the listing done?

    (1) Submission of Proposal

    • Any member state can submit a proposal for listing an individual, group, or entity.
    • The proposal must include acts or activities indicating the proposed individual/group/entity had participated in the financing, planning, facilitating, preparing, or perpetrating of acts or activities linked to the said organizations.

    (2) Actual decision

    • Decisions on listing and de-listing are adopted by consensus.
    • The proposal is sent to all the members, and if no member objects within five working days, the proposal is adopted.
    • An “objection” means rejection for the proposal.

    (3) Putting and resolving ‘Technical Holds’

    • Any member of the Committee may also put a “technical hold” on the proposal and ask for more information from the proposing member state.
    • During this time, other members may also place their own holds.
    • The matter remains on the “pending” list of the Committee.
    • Pending issues must be resolved in six months, but the member state that has placed the hold may ask for an additional three months.
    • At the end of this period, if an objection is not placed, the matter is considered approved.

    Why is India furious this time?

    • Recently PM Modi and Xi Jinping attended the Shanghai Cooperation Organisation (SCO) summit in Samarkand.
    • The grouping had agreed to take strong and consolidated action against terrorism in the region.
    • Despite this, China has exposed its double standards on the issue of terrorism for consistently stopping the listing of Pakistan-based terrorists.
    • This is again very surprising movement by China by putting a ‘Technical Hold’.

    Here is a timeline of how China disrupts the global efforts against terrorism:

    • 2009: After the 26/11 Mumbai attacks, India moved an independent terror designation proposal against Masood Azhar but China blocked the move.
    • 2016: After seven years, India proposes listing of Masood Azhar as a global terrorist and is supported by the US, the UK and France. China blocks the move again.
    • 2017: The trio moves a third proposal only to be blocked by China again.
    • 2019: After the attacks on the CRPF personnel in J-K’s Pulwama, India calls 25 envoys of different countries to highlight the role Islamabad plays in funding, promoting and strengthening global terrorism. India moves the fourth proposal demanding Masood Azhar’s listing. China lifted its technical hold.
    • June 2022: China blocked a proposal by India and the US to list Pakistan-based terrorist Abdul Rehman Makki as a ‘Global Terrorist’
    • August 2022: China blocks India-US joint proposal to list Jaish-e-Mohammad (JeM) deputy chief Abdul Rauf Azhar as UNSC designated terrorist.

    Conclusion

    • China’s actions expose its double speak and double standards when it comes to the international community’s shared battle against terrorism.
    • This clearly depicts its care for its vassal state Pakistan.

    Back2Basics: United Nations Security Council

    • The UNSC is one of the six principal organs of the United Nations and is charged with the maintenance of international peace and security.
    • Its powers include the establishment of peacekeeping operations, the establishment of international sanctions, and the authorization of military action through Security Council resolutions.
    • It is the only UN body with the authority to issue binding resolutions to member states.
    • The Security Council consists of fifteen members. Russia, the United Kingdom, France, China, and the United States—serve as the body’s five permanent members (P5).
    • These permanent members can veto any substantive Security Council resolution, including those on the admission of new member states or candidates for Secretary-General.
    • The Security Council also has 10 non-permanent members, elected on a regional basis to serve two-year terms. The body’s presidency rotates monthly among its members.
  • Khalistani Movement in Canada

    Canada

    Central Idea

    • The recent pro-Khalistani parade in Brampton, Canada, featuring a tableau depicting the assassination of former Indian Prime Minister Indira Gandhi, has raised concerns about the glorification of violence and its impact on Indo-Canadian relations.

    The Offensive Float: Glorifying Violence

    • Depiction of Indira Gandhi: The float featured a tableau depicting a lady dressed in a white sari, symbolizing India’s former Prime Minister Indira Gandhi. The portrayal of her in a bloodied state aimed to evoke a sense of violence and brutality.
    • Soldiers Training Guns: The tableau included two soldiers pointing their guns at the depicted figure of Indira Gandhi. This imagery conveys a message of aggression and threat towards a political leader.
    • Board Text: The float had a board behind the figure of Indira Gandhi, reading “Revenge of attack on Shri Darbar Sahib.” This text suggests a desire for revenge for the attack on the Golden Temple (Shri Darbar Sahib) and implies a justification for violence.
    • “Never forget 1984”: The side of the float carried the words “Never forget 1984.” This phrase refers to the anti-Sikh riots that took place in 1984 following Indira Gandhi’s assassination, further emphasizing the glorification of a violent event in history.

    Indian Response

    • External Affairs Minister’s Comments: During a media conference on June 8, External Affairs Minister S. Jaishankar indirectly addressed the offensive float. While he did not directly mention the incident, he referred to the larger issue of Canada providing space to separatists, extremists, and those advocating violence. He emphasized that such a stance is detrimental to the bilateral relationship between India and Canada.
    • Condemning Hypocrisy: Jaishankar criticized Canada’s hypocritical approaches to human rights issues and its historical disregard for India’s territorial integrity. He pointed out the need for Canada to reassess its policies and give due consideration to the impact of its actions on the relationship between the two nations.
    • Omission of Direct Mention: Although Mr. Jaishankar spoke out against the offensive float and Canada’s permissive environment for separatists, it is notable that he did not directly mention the name of the former Prime Minister, Indira Gandhi.
    • Canadian High Commissioner’s Statement: While Mr. Jaishankar refrained from naming Indira Gandhi, the Canadian High Commissioner to India, Cameron Mackay, explicitly denounced the event through a tweet. He expressed his appallment at reports of an event in Canada that celebrated the assassination of the late Indian Prime Minister.

    Concerns about the glorification of violence

    • Promotion of Hatred and Conflict: Glorifying violence perpetuates a culture of animosity, division, and hatred. It can fuel tensions between different communities or groups, leading to further conflicts and hostility.
    • Erosion of Social Cohesion: The glorification of violence undermines social cohesion and harmony within societies. It deepens divisions, exacerbates grievances, and creates an environment conducive to violence and social unrest.
    • Undermining Rule of Law: Glorifying violence goes against the principles of the rule of law and peaceful resolution of conflicts. It encourages a mindset that justifies resorting to violence as a means to address grievances, disregarding established legal frameworks and peaceful mechanisms for dispute resolution.
    • Impact on National Identity: The glorification of violence can tarnish the image and identity of a nation. It reinforces negative stereotypes, perpetuates cycles of violence, and can lead to emotional distress for individuals or communities associated with the affected events.
    • Impediment to Reconciliation: Glorifying violence hampers efforts towards reconciliation and healing. It deepens wounds from past conflicts, making it harder to foster understanding and dialogue between different groups or communities.
    • Strained International Relations: The glorification of violence can strain relations between countries, particularly when it involves controversial historical events or political figures. It can lead to diplomatic tensions, a breakdown of trust, and hinder cooperation and collaboration in various domains

    Implications for Indo-Canadian relations

    • Diplomatic Strains: The incident can strain bilateral relations between India and Canada. The portrayal of violence and the glorification of a historical event that caused significant pain and turmoil within India can lead to a breakdown of trust and cooperation between the two countries.
    • Perception of Insensitivity: If Canada is perceived as not taking appropriate action to address and condemn the glorification of violence, it may be viewed as insensitive to India’s concerns. This perception can damage the mutual understanding and goodwill that are essential for fostering strong bilateral relations.
    • Impact on People-to-People Connections: The glorification of violence can negatively affect people-to-people connections between India and Canada. It may deepen divisions and breed resentment among different communities, hindering social cohesion and understanding.
    • Economic and Trade Consequences: In extreme cases, if tensions escalate due to incidents like the offensive float, it can have economic and trade consequences. Trade and investment flows may be affected, hampering economic cooperation and growth between the two nations.
    • Cultural Exchanges and Cooperation: Glorifying violence can hamper cultural exchanges and cooperation between India and Canada. It may discourage collaborations in areas such as education, arts, tourism, and other forms of cultural exchange, limiting opportunities for mutual understanding and appreciation of each other’s cultures.

    Canada

    Way forward

    • Dialogue and Diplomacy: Both countries should engage in open and constructive dialogue at various levels, including government officials, diplomats, and civil society organizations. This dialogue should aim to address concerns, clarify misunderstandings, and find common ground for cooperation.
    • Condemnation of Violence: It is important for both India and Canada to unequivocally condemn the glorification of violence and any acts that undermine peace, harmony, and social cohesion. Clear statements from government officials and community leaders can send a strong message against violence and promote a culture of non-violence.
    • Cultural Exchanges and Understanding: Encouraging cultural exchanges, educational programs, and people-to-people interactions can foster greater understanding and appreciation between the two nations. Efforts should be made to showcase the rich cultural diversity of both countries and emphasize shared values of respect, tolerance, and harmony.
    • Enhanced Cooperation: Exploring opportunities for enhanced cooperation in various fields, including trade, investment, technology, and research, can strengthen the bilateral relationship. Collaborative projects, joint initiatives, and mutually beneficial partnerships can foster closer ties and promote shared prosperity.
    • Promoting Mutual Respect: It is crucial to uphold the principles of mutual respect, sovereignty, and territorial integrity in bilateral relations. Both countries should demonstrate respect for each other’s historical narratives, sensitivities, and concerns, while working towards resolving differences through peaceful and diplomatic means.
    • Engagement with the Indian Diaspora: Canada should ensure that its policies and actions do not provide support or platforms for separatist or extremist elements. Engaging positively with the Indian diaspora in Canada, which includes Sikhs and other communities, can help build bridges and promote a better understanding of India’s diverse perspectives.

    Conclusion

    • While the Brampton parade highlights the need for Canada to address its hypocritical stance on separatism and violence, and for India to navigate its engagement with the diaspora sensitively. Both countries must strive to strengthen their relationship while respecting each other’s sovereignty and territorial integrity.

    Also read:

    Can Canada and India reset their Bilateral Relations?

     

  • UK launches Developing Countries Trading Scheme (DCTS)

    developing

    Central Idea

    • The launch of the Developing Countries Trading Scheme (DCTS) by the United Kingdom presents a significant opportunity for India and 65 other poor and developing nations.

    Developing Countries Trading Scheme (DCTS)

    • The DCTS is a preferential trading program introduced by the United Kingdom.
    • It replaces similar arrangements that were in place during the UK’s membership in the European Union.
    • The scheme aims to support trade and economic growth for 65 poor and developing countries.

    Key Features:

    • Tariff Reduction: DCTS removes or reduces tariffs on imports from eligible countries.
    • Simplified Trading Rules: The scheme simplifies trade procedures to facilitate smoother transactions.
    • Enhanced Market Access: It provides improved market access for participating countries’ products.
    • Favorable Terms: UK businesses can save costs through reduced or eliminated tariffs on imports.
    • Product Coverage: The scheme covers various goods, including clothing, food, and children’s toys.

    Focus on Sustainability and Good Governance

    • Responsible Trade Practices: Participating countries are expected to adhere to international conventions related to human rights, labor standards, anti-corruption measures, climate change, and environmental protection.
    • Mutual Benefits: The scheme promotes sustainable development and creates a mutually beneficial partnership between the UK and developing countries.

    Benefits for Participating Countries

    • Trade Opportunities: DCTS creates opportunities for businesses and supports livelihoods.
    • Job Creation: The scheme aims to generate employment by diversifying local and international supply chains.
    • Economic Growth: It contributes to sustained economic growth in participating countries.
    • Market Expansion: DCTS helps countries access the UK market and expand their export capacities.

    Impact on India

    • Trade Opportunities for India: The DCTS presents significant trade opportunities for India.
    • Labour-Intensive Sectors: Indian exporters in sectors like textiles, leather goods, and metals can benefit.
    • Market Access: The scheme reduces trade barriers and expands market access to the UK for Indian goods.
    • Interim Measure: DCTS serves as an interim measure while negotiations for a comprehensive Free Trade Agreement (FTA) between the UK and India continue.
    • Future Potential: The DCTS sets the stage for deeper economic ties and a future FTA between the UK and India.
  • Anna Bhagya Scheme of Karnataka

    anna bhagya

    Central Idea

    • The government in Karnataka is facing challenges in procuring rice for its ambitious Anna Bhagya scheme.
    • However, there is a ray of hope as Punjab has agreed in-principle to supply the required quantity of rice.

    What is Anna Bhagya Scheme?

    • The state government plans to enhance the free rice allocation per person in the Below Poverty Line (BPL) card from 5 kg to 10 kg.
    • The scheme is estimated to cost the exchequer ₹840 crore monthly and ₹10,092 crore annually.
    • It is scheduled to be launched on July 1.

    Challenges Faced

    • The Food Corporation of India (FCI) initially agreed to provide the required 2.28 lakh tonnes of rice but later refused to do so.
    • Telangana and Andhra Pradesh expressed inability to supply, while Chhattisgarh government offered to supply 1.5 lakh tonnes.
    • Karnataka is now searching for rice in other states and aims to purchase it at ₹34 per kg.

    Consideration of Alternative Grains:

    • If needed, the state may provide 2 kg of either ragi or jowar, which would last for six months.
    • However, the government still needs to supply an additional 3 kg of rice on top of the existing 5 kg allocation.

    Punjab’s Offer

    • The Punjab government expressed willingness to supply rice to Karnataka in the federal spirit.
    • Punjab has enough rice and wants to help mitigate the problems faced by the poor across the country.
  • Strengthening India-US Bilateral Relations: A Path to Deeper Cooperation

    Central Idea

    • India and the United States have forged a robust friendship, driven by shared interests and mutual benefits. The two nations, bound by historical ties, are increasingly reliant on each other. India’s remarkable economic growth trajectory, with its GDP reaching $3 trillion in just three years, is projected to soar to $25 trillion by 2047. Meanwhile, the US is keen on accessing the Indian market and leveraging its capital and technology, both in military and non-military spheres.

    India’s Evolving Landscape

    • Economic Growth: India’s economic growth has been remarkable, with the country reaching a GDP of $3 trillion in a short span of three years. It took India 63 years to achieve a $1 trillion GDP, and this accelerated growth is expected to continue. Projections suggest that India could reach a GDP of $25 trillion by 2047, marking a significant milestone 100 years after gaining independence.
    • Historical Global Significance: India has a rich historical background and has played a significant role in the global economy. In 1700, India accounted for over 35% of the world’s GDP, making it the largest economy at the time. However, due to various factors, its global share decreased to almost 1% by the economic crises in 1991. Today, India’s share stands at around 4%-5% and is steadily rising.
    • Demographic Advantage: By 2030, India is projected to have a working population of one billion people, surpassing the entire population of the G-8 countries. This demographic advantage presents immense potential for economic growth and development.
    • Technological Advancements: India has made significant strides in technology and connectivity. The country has achieved extensive internet coverage, which is nearly on par with the coverage in the G-8 nations. Additionally, India’s per capita mobile data consumption now ranks at the top globally, surpassing that of the United States and China combined.
    • Green-Friendly Initiatives: India’s infrastructure story includes a significant focus on green initiatives. The government has implemented measures such as a carbon tax on fuel, coal cess, and infrastructure development cess, which have resulted in substantial savings. The funds generated from these measures are directed towards the expansion of railways, roads, and ports, all while promoting environmentally friendly infrastructure.
    • Government Reforms and Efficiency: The Indian government has undertaken reforms aimed at improving governance, transparency, and efficiency. Initiatives such as PRAGATI, a platform for reviewing government projects, have expedited decision-making processes and encouraged officials to address long-pending issues. The implementation of the Geospatial Information Systems overlayer, GatiShakti, has further streamlined infrastructure development by preventing unnecessary road and forest cutting.
    • Financial Management and Digitalization: India has implemented the Public Financial Management System, which has enhanced transparency, accountability, and efficiency in government financial spending. By centralizing transactions and integrating databases with banks, direct payments to beneficiaries have become more efficient.

    How India- US Bilateral Relations are strengthening?

    • Strategic Partnerships: India and the US have established strategic partnerships in various areas. This includes defense and security cooperation, counterterrorism efforts, intelligence sharing, and maritime security collaborations. Regular high-level dialogues and joint military exercises have further deepened these partnerships.
    • Economic Cooperation: Economic ties between India and the US have grown stronger. Bilateral trade has expanded, and efforts to promote investments and business collaborations have been undertaken. The two countries have also been engaged in discussions on trade issues to enhance economic cooperation and reduce barriers to trade and investment.
    • Defense Collaboration: Defense collaboration between India and the US has witnessed significant progress. The two countries have engaged in defense technology transfers, joint production of defense equipment, and increased military-to-military engagements. The US has also designated India as a Major Defense Partner, facilitating closer defense ties and cooperation.
    • Strategic Dialogues: Regular strategic dialogues at the highest levels have played a crucial role in strengthening bilateral relations. These dialogues cover a wide range of issues, including political, economic, defense, and security matters.
    • Technology and Innovation: India and the US have fostered collaborations in the fields of science, technology, and innovation. This includes joint research and development projects, technology transfers, and academic exchanges. Collaboration in emerging areas such as artificial intelligence, space exploration, and renewable energy has been a focus of the partnership.
    • People-to-People Exchanges: People-to-people exchanges have played a vital role in strengthening India-US relations. The two countries have encouraged educational collaborations, student exchanges, and cultural interactions. These initiatives promote mutual understanding, foster friendships, and enhance people-to-people ties.
    • Global Partnerships: India and the US have collaborated on global issues and initiatives. Both countries have worked together on climate change, sustainable development, healthcare, and counterterrorism efforts. India’s participation in forums like the Quad (Quadrilateral Security Dialogue) highlights the deepening strategic coordination between the two nations.
    • Diplomatic Engagements: Diplomatic engagements between India and the US have been robust and frequent. Regular visits by top-level officials, including visits by the heads of state and government, have strengthened diplomatic ties.

    Challenges for the Collaboration

    • Trade Barriers and Market Access: Both countries may face trade barriers, including tariffs, non-tariff barriers, and regulatory complexities. Addressing these barriers and working towards greater market access can foster smoother trade relations and economic collaboration.
    • Geopolitical Factors: Geopolitical dynamics and regional tensions can pose challenges to collaboration. Differing perspectives on certain international issues and conflicting geopolitical interests may need to be navigated carefully to maintain a strong bilateral relationship
    • Intellectual Property Protection: Intellectual property rights protection is crucial for fostering innovation and technology collaboration. Strengthening legal frameworks and enforcing intellectual property rights can promote a conducive environment for joint research and development initiatives.
    • Regulatory Frameworks and Harmonization: Aligning regulatory frameworks and standards between India and the US can be challenging. Collaboration requires efforts to harmonize regulations and ensure compatibility in areas such as trade, investment, healthcare, and technology.
    • Cultural and Communication Differences: Cultural differences, language barriers, and divergent communication styles can sometimes pose challenges to effective collaboration. Efforts to bridge these gaps, promote cultural understanding, and foster effective communication channels are essential for successful partnerships.
    • Political and Policy Changes: Political transitions, changes in leadership, or shifts in policy priorities can impact the trajectory of collaboration between India and the US. Building long-term and sustainable partnerships requires adaptability to changing political landscapes and consistent engagement across administrations.

    Way Forward: Toward a Closer Partnership

    • Enhanced Strategic Dialogue: Regular high-level strategic dialogues between the leadership of both countries can facilitate a deeper understanding of shared interests, concerns, and priorities. These dialogues can provide a platform to discuss and address key issues, align policies, and explore new avenues for collaboration.
    • Strengthen Economic Ties: Both countries should prioritize efforts to enhance economic cooperation. This can be achieved by streamlining trade processes, reducing barriers, and promoting investments in key sectors. Bilateral trade agreements and economic partnerships can be explored to further facilitate economic integration.
    • Defense and Security Cooperation: Strengthening defense and security ties is vital for regional stability. Expanding joint military exercises, information sharing, and defense technology transfers can deepen cooperation. Collaborating on counterterrorism efforts, cybersecurity, and maritime security can also enhance mutual security interests.
    • Innovation and Technology Collaboration: Encouraging collaborations in science, technology, and innovation can drive mutual progress. Joint research initiatives, technology transfers, and partnerships between research institutions and industries can foster innovation and address common challenges such as healthcare, climate change, and sustainable development.
    • Multilateral Engagement: Strengthening collaboration in multilateral forums can amplify the voice and influence of India and the US on global issues. By coordinating positions on international matters, both countries can work together to shape global agendas, address common challenges, and promote shared values.
    • Consistency and Long-Term Vision: Maintaining consistency and a long-term vision is crucial for the growth of the partnership. Regardless of political transitions, both countries should prioritize the partnership and ensure that it remains a strategic priority across administrations.

    Conclusion

    • India and the United States find themselves at a critical juncture, where a deepening partnership can unlock immense potential and drive progress in various sectors. As India continues to grow and modernize, it is essential to leverage the expertise and resources that the United States offers. By embracing a strategic alliance, the two nations can forge a path toward mutual prosperity, elevating their relationship from friendship to a robust partnership.

    Also read:

    Strengthening U.S.-India Defence Partnership: A Path Towards Greater Cooperation

     

  • Transforming Global Financing for Sustainable Development: A Call for Concrete Action

    Financing

    Central Idea

    • As world leaders and finance moguls gather in Paris for the Summit for a New Global Financing Pact, the urgency to take tangible steps towards sustainable finance becomes paramount. French President Emmanuel Macron emphasizes the need to enhance “financial solidarity with the [Global]South.” India, as the president of the G20 and co-chair of the steering committee for the summit, is expected to be a strong advocate for the Global South’s interests.

    What is Summit for a New Global Financing Pact?

    • The Summit for a New Global Financing Pact is a high-level international gathering aimed at addressing the challenges and finding solutions for sustainable financing on a global scale.
    • The summit serves as a platform for world leaders, finance moguls, policymakers, and other stakeholders to come together and discuss strategies to mobilize financial resources for sustainable development, particularly in low- and middle-income countries.

    The specific objectives of the summit

    • Increasing Financial Solidarity: The summit aims to enhance financial solidarity with the Global South, recognizing the need to address the specific challenges faced by developing countries in accessing adequate financial resources for sustainable development initiatives.
    • Bridging the Funding Gap: It seeks to address the gap between the promises made by the international community and the actual funding provided for sustainable development. The focus is on finding concrete solutions to close this gap and ensure that financial commitments are fulfilled.
    • Transforming Financial Architecture: The summit aims to facilitate the transformation of the international financial and development architecture to make it more equitable, predictable, and conducive to supporting sustainable development goals. This includes exploring innovative financing mechanisms, enhancing transparency, and reducing conditionalities.
    • Mobilizing Private Sector Investment: The summit recognizes the importance of private sector engagement in financing sustainable development. It seeks to promote strategies and mechanisms to mobilize private investment in sustainable infrastructure, renewable energy, and other key sectors

    Significance of the New Global Financing Pact

    • Addressing Sustainable Development Challenges: The summit provides a platform to discuss and address the pressing challenges related to sustainable development. It focuses on mobilizing financial resources to tackle issues such as climate change, poverty eradication, social inequality, and achieving the Sustainable Development Goals (SDGs).
    • Bridging the Financing Gap: One of the key objectives of the summit is to bridge the gap between the promises made and the actual funding provided for sustainable development initiatives. By highlighting the discrepancy between commitments and payment, the summit aims to find concrete strategies and mechanisms to ensure that financial commitments are fulfilled and adequate funding is made available.
    • Enhancing Financial Solidarity: The summit emphasizes the importance of financial solidarity, particularly with low- and middle-income countries, often referred to as the Global South. It recognizes the need to provide equitable access to financial resources and support developing countries in their sustainable development efforts.
    • Transforming Financial Architecture: The summit serves as a platform to discuss and propose reforms in the international financial and development architecture. It encourages the exploration of innovative financing mechanisms, increased transparency, and reduced conditionalities to ensure more effective and efficient use of financial resources.
    • Mobilizing Private Sector Engagement: The summit recognizes the crucial role of the private sector in financing sustainable development. It aims to facilitate greater private sector engagement by exploring strategies to mobilize private investment in sustainable infrastructure, renewable energy, and other key sectors.

    Gap between Promises and Payment

    • Insufficient Funding: Despite global commitments and pledges to support sustainable development initiatives, the actual amount of funding falls short of the targets. This includes commitments made in international agreements such as the Paris Agreement and the United Nations’ Sustainable Development Goals (SDGs).
    • Lack of Predictability: The availability of funding for sustainable development initiatives is often unpredictable, making it difficult for countries and organizations to plan and implement long-term projects. This unpredictability hampers progress in addressing pressing global challenges.
    • Regional Disparities: Funding disparities exist between different regions, with a significant portion of funds allocated to wealthier nations or specific regions, while low- and middle-income countries, particularly in the Global South, face challenges in accessing adequate financial resources.
    • Conditionalities and Restrictions: Funding from international sources often comes with conditions and restrictions that limit the flexibility and sovereignty of recipient countries. These conditions may hinder the effective utilization of funds for sustainable development initiatives.
    • Inadequate Implementation: Even when funding is available, the actual disbursement and implementation of funds may be delayed or ineffective. Administrative bottlenecks, bureaucratic processes, and inefficient mechanisms can contribute to delays and hinder the timely implementation of projects.
    • Limited Private Sector Engagement: Mobilizing private sector investment for sustainable development is challenging due to perceived risks and inadequate returns on investment, particularly in low- and middle-income countries. The gap between promises and payment extends to attracting private sector participation.

    Way ahead: Steps to ensure progress in sustainable financing

    • Concrete Action Plans: The summit should lead to the formulation of concrete action plans and commitments from participating countries and stakeholders. These action plans should outline specific measures, timelines, and responsibilities to bridge the gap between promises and actual funding.
    • Implementation and Accountability: It is crucial to ensure the effective implementation of the action plans and hold stakeholders accountable for their commitments. Regular monitoring, reporting, and review mechanisms should be established to track progress and identify areas where additional efforts are needed.
    • Innovative Financing Mechanisms: The summit should encourage the exploration and implementation of innovative financing mechanisms. This includes exploring sources of funding beyond traditional development assistance, such as impact investing, green bonds, climate funds, and public-private partnerships.
    • Strengthening Global Cooperation: The way ahead involves strengthening global cooperation and collaboration. This includes fostering partnerships between governments, international organizations, civil society, and the private sector to leverage their respective expertise, resources, and networks.
    • Empowering Developing Countries: A crucial aspect of the way ahead is empowering developing countries, particularly those in the Global South. This can be achieved by providing technical assistance, capacity building, and knowledge transfer to enable these countries to effectively access and utilize financial resources.
    • Long-term Commitment: Sustainable financing requires long-term commitment and sustained efforts. The way ahead should prioritize the establishment of multi-year funding commitments, stability in financial flows, and a predictable and enabling environment for investment.

    Conclusion

    • The Summit for a New Global Financing Pact presents a crucial opportunity to take concrete action towards sustainable finance. As we approach significant milestones, including the 80th anniversary of the UN, reformed finance for sustainable development should serve as the basis for inclusive and effective multilateralism. It is imperative to ensure that the dishes served at the table suit the palate of the Global South, which will contribute significantly to global growth.

    Also read:

    Road to Net Zero Goes Via Green Financing

     

  • BIMSTEC to adopt Bangkok Vision 2030

    bimstec bangkok

    Central Idea

    • The upcoming Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit, scheduled to be held at the end of this year, is set to adopt the Bangkok Vision 2030.
    • This comprehensive document will provide direction to the organization and guide the eminent person group.
    • Additionally, the summit is expected to conclude a marine transport cooperation agreement.

    What is Bangkok Vision 2030?

    • The Bangkok Vision 2030, proposed by Thailand, aims to propel BIMSTEC towards a prosperous, resilient, and open region, fostering sustainable and balanced growth.
    • The vision seeks to advance BIMSTEC as a prosperous, resilient, and open region.
    • It emphasizes sustainable and balanced growth, adapting to rapid changes in the regional and global architecture.

    Key agenda of the vision document

    (1) Synergizing economy and connectivity

    • Thailand, as the lead country in connectivity, aims to create a seamless network of interconnectedness.
    • The 10-year master plan covers various sectors, including roads, railways, civil aviation, maritime transport, and multi-modal infrastructure.
    • The recent agreement on maritime transport cooperation marks a significant milestone.

    (2) Synergy with ASEAN

    • Thailand emphasizes the need for synergy between the master plans of BIMSTEC and the Association of Southeast Asian Nations (ASEAN).
    • This collaboration aims to promote the growth and development of the entire region.

    Understanding BIMSTEC

    • BIMSTEC consists of seven member countries, including Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
    • Its geographical scope covers the littoral and adjacent areas of the Bay of Bengal, creating a contiguous regional unity.
    • BIMSTEC acts as a bridge between South and Southeast Asia, linking the ecologies of the Great Himalayas and the Bay of Bengal.
    • The organization focuses on creating an enabling environment for rapid economic development, accelerating social progress, and fostering collaboration on common interests.

    Evolution and Expansion of BIMSTEC

    • BIMSTEC was established in 1997 through the Bangkok Declaration with four member states: Bangladesh, India, Sri Lanka, and Thailand (BIST-EC).
    • The inclusion of Myanmar in 1997 led to the renaming of the organization as BIMST-EC.
    • Nepal and Bhutan became members in 2004, resulting in the current name, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).

    Institutional Mechanisms of BIMSTEC

    • BIMSTEC Summit: The highest policymaking body, comprising heads of state/government of member states.
    • Ministerial Meeting: The second apex policy-making forum attended by External/Foreign Ministers.
    • Senior Officials’ Meeting: Representatives from foreign ministries of member states.
    • BIMSTEC Working Group: Monthly meetings attended by ambassadors or representatives at the BIMSTEC Secretariat in Dhaka.
    • Business Forum & Economic Forum: Forums encouraging private sector participation.

    Potential of BIMSTEC

    • Reinforcement of Relations: BIMSTEC strengthens relationships between countries in South and Southeast Asia, fostering increased trade, investment, and cultural exchanges.
    • Indo-Pacific Epicenter: The Bay of Bengal region has the potential to become the epicentre of the Indo-Pacific idea, facilitating dialogue and engagement among major powers from East and South Asia.
    • Intra-Regional Cooperation: BIMSTEC acts as a bridge between SAARC and ASEAN, providing a platform for member countries to collaborate, promote economic integration, and develop shared goals.
    • Engine of Economic Growth: BIMSTEC’s significant population (1.5 billion) and combined GDP of USD 3.8 trillion make it a driving force for economic growth and cooperation.
    • Facilitating Global Trade: The Bay of Bengal region, facilitated by BIMSTEC, plays a crucial role in global trade, with approximately one-fourth of the world’s traded goods passing through the region.
    • Key Connectivity Projects: BIMSTEC actively participates in projects like the Kaladan Multimodal Project, Asian Trilateral Highway, and BBIN Motor Vehicles Agreement to improve connectivity and promote trade within the region.

    Significance of BIMSTEC for India

    • Alignment with Core Policies: BIMSTEC aligns with India’s policies of prioritizing neighboring countries, expanding engagement with Southeast Asia, and promoting the development of northeastern states.
    • Countering China’s Influence: BIMSTEC provides India with a platform to counterbalance China’s growing influence in the Bay of Bengal region, ensuring a more balanced regional order.
    • Alternative Engagement Platform: BIMSTEC serves as an alternative platform for India to engage with South Asian countries when progress in SAARC is hindered, fostering regional cooperation and development.

    Key challenges with BIMSTEC

    • Very few meetings: Limited progress due to infrequent summits and ministerial meetings.
    • No key player: Varying levels of commitment among member states, with some countries focusing more on ASEAN than BIMSTEC.
    • No specific goal: Balancing cooperation across 14 areas of collaboration and maintaining efficiency in specific focus areas.
    • Individual differences: Addressing conflicts and crises between member nations, such as the Rohingya crisis and border conflicts.
    • Parallel initiatives: Navigating the presence of the Bangladesh-China-India-Myanmar (BCIM) Forum, which raises doubts about BIMSTEC’s exclusive potential.
    • Deadlock over geo-economics: Challenges in achieving a comprehensive Free Trade Agreement (FTA) and unfinished projects hinder economic cooperation.

    Way forward

    • Effective Implementation: Ensure the effective implementation of the Bangkok Vision 2030, aligning national development plans and establishing monitoring mechanisms to track progress and address challenges.
    • Strengthening Connectivity Initiatives: Prioritize the completion of ongoing connectivity projects like the Kaladan Multimodal Project, Asian Trilateral Highway, and BBIN Motor Vehicles Agreement to enhance regional connectivity.
    • Promoting Trade and Economic Cooperation: Foster a conducive environment for trade, remove barriers, and promote seamless movement of goods and services to facilitate trade and economic cooperation within BIMSTEC.
    • Collaboration on Sustainable Development Goals (SDGs): Align the Bangkok Vision 2030 with the SDGs, identify priority areas, and share best practices to promote sustainable and inclusive growth.
    • Strengthening Institutional Mechanisms: Enhance the functioning of BIMSTEC’s institutional mechanisms, regularize scheduling, and strengthen the role of the BIMSTEC Secretariat.
    • Collaboration with External Partners: Explore partnerships with external partners, regional organizations, and international development agencies to leverage resources and technical assistance for priority projects.
  • What is the iCET Initiative between India-US?

    icet

    Central Idea

    • India and the US have unveiled a roadmap for enhanced collaboration in critical and emerging technologies under the Initiative on Critical and Emerging Technology (iCET).
    • Its progress was recently reviewed during the second track 1.5 dialogue on iCET, held between NSA Ajit Doval and his American counterpart Jake Sullivan.

    Understanding iCET

    • The iCET serves as a framework for India-US cooperation in critical and emerging areas of technology.
    • It was launched in January 2023 to strengthen the strategic partnership and drive technology and defence collaboration between the two countries.
    • The initiative emphasizes the shared democratic values and respect for universal human rights that should shape the development, governance, and use of technology.

    Focus Areas of the Initiative

    The iCET initiative focuses on several key areas to foster collaboration and deepen the partnership between India and the US. These include:

    • Research Agency Partnership: Establishing a research agency partnership to drive collaboration in areas like artificial intelligence.
    • Defence Industrial Cooperation: Developing a new defence industrial cooperation roadmap to accelerate technological cooperation for joint development and production.
    • Common Standards in AI: Developing common standards in artificial intelligence to ensure compatibility and interoperability.
    • Semiconductor Ecosystem: Supporting the development of a semiconductor ecosystem to strengthen the supply chain and enhance production capabilities.
    • Human Spaceflight Cooperation: Strengthening cooperation on human spaceflight to advance space exploration efforts.
    • Advancing 5G and 6G: Collaborating on the development and deployment of 5G and 6G technologies.
    • OpenRAN Network Technology: Promoting the adoption of OpenRAN network technology in India for a more open and secure telecommunications infrastructure.

    Progress Achieved so far

    India and the United States have made significant progress in various areas of collaboration under the iCET initiative. Key developments include:

    • Quantum Coordination Mechanism: Implementation of the Quantum Coordination Mechanism to facilitate cooperation in quantum technologies.
    • Public-Private Dialogue (PDD) on Telecommunication: Launch of a PDD focused on collaboration in OpenRAN, 5G, and 6G technologies.
    • AI and Space Exchanges: Important exchanges between India and the US on artificial intelligence and space cooperation.
    • Semiconductor Supply Chain: Signing of an MoU on establishing a semiconductor supply chain, paving the way for further collaboration in this critical sector.
    • Defence Cooperation: Advancements in defence cooperation, including the near-conclusion of a mega jet engine deal and the launch of the India-US Defence Acceleration Ecosystem (INDUS-X).
    • Strategic Trade Dialogue: Establishment of a Strategic Trade Dialogue to address regulatory barriers and review export control norms for strategic technology and trade collaborations.

    Future Outlook

    • The India-US iCET initiative holds great promise for enhancing collaboration in critical and emerging technologies.
    • By aligning their efforts in areas such as AI, quantum computing, semiconductors, and telecommunications, India and the United States aim to build trusted technology partnerships and deepen their strategic cooperation.
    • Continued progress in this initiative will pave the way for innovative solutions, economic growth, and shared advancements in critical technology domains for both countries.
  • India’s Rising Burden of Diabetes: Urgent Actions Needed

    diabetes

    Central Idea: A recent study by ICMR has raised concerns about the emerging crisis of diabetes in India and the urgent need for effective strategies to tackle this escalating issue.

    What is Diabetes?

    Type 1 Diabetes Type 2 Diabetes
    Prevalence Generally diagnosed in children and young adults Usually diagnosed in adults, but can occur at any age
    Autoimmune Autoimmune condition, immune system attacks pancreas Not autoimmune, insulin resistance or impaired insulin production
    Insulin Dependence Requires insulin injections or insulin pump May be managed with lifestyle changes, oral medication, or insulin
    Onset Sudden onset Gradual onset
    Causes Genetic predisposition and environmental factors Genetic and lifestyle factors, including obesity
    Body Weight Often normal or underweight Often overweight or obese
    Insulin Production Little to no insulin production Insulin resistance or inadequate insulin production
    Treatment Insulin therapy, blood sugar monitoring Lifestyle changes, oral medication, insulin therapy if needed
    Complications Higher risk of diabetic ketoacidosis Higher risk of heart disease, stroke, and other complications
    Lifestyle Factors Cannot be prevented or reversed Can be prevented or managed through lifestyle changes
    Prevention No known prevention strategies Focus on healthy lifestyle, weight management

     

    Burden of Diabetes in India

    • The results of the largest long-term study on metabolic factors in the Indian subcontinent, known as the ICMR-InDiab study, were recently published in The Lancet.
    • This study, conducted between 2008 and 2020, aimed to estimate India’s burden of chronic non-communicable diseases (NCDs).

    Key Findings

    The study revealed alarming statistics regarding diabetes in India:

    1. Approximately 11% of the population has diabetes.
    2. Another 15.3% of the population is in the pre-diabetic stage.
    3. This translates to an estimated 101.3 million diabetics and 136 million individuals in the pre-diabetic stage.
    4. Urban areas have a higher prevalence (16.4%) compared to rural areas (8.9%).

    These numbers underscore the need for immediate attention to prevent the further rise of diabetes and manage its complications effectively.

    Reasons for India’s Rising Burden

    India’s escalating burden of diabetes can be attributed to several factors:

    • Genetic Predisposition: Indians have a higher genetic susceptibility to diabetes.
    • Changing Lifestyles: Urbanization, sedentary habits, and unhealthy dietary patterns contribute to increased obesity and diabetes risk.
    • Obesity Epidemic: Rising obesity rates in India are a major risk factor for diabetes.
    • Socioeconomic Factors: Limited access to healthcare, lack of awareness, and resource constraints hinder diabetes management.
    • Urban-Rural Divide: Diabetes is no longer limited to urban areas, as rural regions also experience a growing prevalence.
    • Delayed Diagnosis and Treatment: Late diagnosis and treatment initiation impede effective disease management.

    Addressing India’s Rising Burden of Diabetes

    To combat this crisis, key interventions include:

    • Prevention and Health Promotion: Encouraging healthy lifestyles and stress reduction.
    • Early Detection and Diagnosis: Promoting awareness and implementing screening programs.
    • Access to Quality Healthcare: Improving healthcare infrastructure and ensuring equitable access.
    • Education and Awareness: Public health campaigns to raise awareness and encourage lifestyle modifications.
    • Policy Interventions: Implementing policies for healthy environments and regulating unhealthy products.

    Conclusion

    • India is facing a significant health crisis with the rising burden of diabetes.
    • It is imperative to prioritize diabetes prevention and management to ensure a healthier future for the nation.
  • Canada to quit China-led AIIB

    aiib

    Central Idea: Canada’s government has announced it will halt its work at the China-led Asian Infrastructure Investment Bank (AIIB).

    Asian Infrastructure Investment Bank (AIIB)

    Established Multilateral development bank established in 2016.
    Headquarters Located in Beijing, China.
    Founding Members 57 countries that initiated the establishment of the AIIB.

    India is a founding member.

    Current Membership Over 100 countries have joined the AIIB since its inception.
    Capital Total capital of $100 billion for financing infrastructure projects.
    Largest Shareholder China holds the largest voting power and financial contribution.

    India holds the second-largest voting power within the AIIB, providing influence in decision-making processes.

    Focus Areas Provides funding for diverse sectors including transportation, energy, telecommunications, urban development, and rural infrastructure.
    Collaboration Partners with other multilateral development banks for co-financing projects and enhancing development outcomes.
    Environmental & Social Standards Adheres to environmental and social standards in project selection and implementation.

    Promotes sustainability and inclusiveness.

    Notable Projects Supports significant infrastructure projects such as Chennai Metro Rail and Assam’s road network.

     

    Try this PYQ from CSP 2019

    Q.With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements

    1. AIIB has more than 80 member nations.
    2. India is the largest shareholder in AIIB.
    3. AIIB does not have any members from outside Asia.

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

    [wpdiscuz-feedback id=”s4nnnmx12v” question=”Please leave a feedback on this” opened=”1″]Post your answers here.[/wpdiscuz-feedback]

     

    Background of Canada’s Involvement in the AIIB

    • Canada, a founding member of the AIIB, joined the bank in 2016 with the objective of participating in its development finance activities in the Asian region.
    • The AIIB was seen as an opportunity for Canada to engage in infrastructure development projects and gain access to funding for its companies operating in Asia.

    Rationale behind Canada’s withdrawal

    • Allegations of Chinese Communist Party Control: Canada’s decision stems from the serious allegations made by Bob Pickard regarding the extent of Chinese Communist Party control within the AIIB.
    • Concerns about Autocratic Regimes: The decision also reflects Canada’s growing concerns, shared by other democratic countries, regarding the risks associated with reliance on autocratic regimes for economic cooperation and infrastructure financing.
    • Evaluating Multilateral Institutions: Canada’s move signals a desire to reassess its participation in multilateral institutions like the AIIB to ensure transparency, governance, and adherence to democratic principles.
    • Shifting Attitudes towards China: Canada’s decision reflects a broader trend of Western countries becoming more cautious about their engagements with China and re-evaluating their relationships.

    AIIB’s Role and Relation to Other Banks

    • Development finance: The AIIB was created to address the growing need for development finance in the region.
    • Rival of World Bank: It is often referred to as a rival to the World Bank and the Asian Development Bank (ADB), but this description exaggerates its capacities.
    • Limited interface: Many of the AIIB’s early projects were co-funded with the World Bank or the ADB, and its capacity to evaluate projects was initially limited. The share of co-funded projects has decreased over time.

    India’s Rationale for Joining AIIB

    • China’s renewed focus on Multilateralism: India was satisfied with the AIIB’s focus on multilateralism, transparency, and adherence to laws.
    • Developed countries joining: The UK and Germany joined the AIIB despite the US discouraging its partners and allies from doing so. The membership includes countries such as Russia, Germany, South Korea, Australia, France, and the UK.
    • Green initiatives: The bank has largely tried to avoid politics and has focused on promoting green projects in the region.
    • Symbolic distancing from BRI: India joined the AIIB but decided not to participate in the Belt and Road Initiative (BRI).

    Conclusion

    • Canada’s decision to halt its involvement in the AIIB highlights the importance of transparency and adherence to democratic principles in multilateral institutions.

    Back2Basics:

    Asian Infrastructure Investment Bank (AIIB)

    World Bank (WB)

    International Monetary Fund (IMF)

    Asian Development Bank (ADB)

    Year Established 2016 1944 1944 1966
    Headquarters Beijing, China Washington, D.C., United States Washington, D.C., United States Manila, Philippines
    Membership 100+ countries 189 countries 190 countries 68 countries
    Purpose Infrastructure financing in Asia Global development assistance Economic stability and growth Economic and social development in Asia-Pacific
    Capital $100 billion Not applicable Over $1 trillion $153 billion
    Focus Areas Infrastructure, sustainable growth Poverty reduction, development Economic stability, balance of payments, capacity development Infrastructure, poverty reduction, climate change adaptation
    Financing Mechanism Loans, equity investments, guarantees Loans, grants, technical assistance Financial assistance, policy advice Loans, grants, technical assistance
    Collaboration Partners with other multilateral development banks Collaborates with various institutions and organizations Collaborates with member countries and international institutions Collaborates with other development institutions, governments, and civil society organizations
    Geographical Focus Asia and beyond Global Global Asia-Pacific
    India’s Involvement Founding member, significant involvement and benefits Active participant, recipient of funding and technical assistance Member, recipient of financial assistance and policy advice Active participant, recipient of funding and collaboration