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GS Paper: GS3

  • [pib] India’s First Banni Buffalo IVF Calf Born

    With the birth of first IVF calf of a Buffalo breed namely Banni in the country, India’s Ovum Pick-Up (OPU) – IVF work has reached to next level.

    Banni Buffalo

    • Banni buffaloes are also known as “Kutchi” or “Kundi”.
    • The breeding tract includes the Banni area of Kutchchh district of Gujarat.
    • The breed is maintained mostly by Maldharis under locally adapted typical extensive production system in its breeding tract.

    What makes them unique?

    • Banni buffaloes are trained to graze on Banni grassland during night and brought to the villages in the morning for milking.
    • This traditional system of buffalo rearing has been adapted to avoid the heat stress and high temperature of the day.
    • It has unique qualities of adaptation such as the ability to survive water scarcity conditions, to cover long distances during periods of drought and disease resistance.

    Indigenous buffalo breeds in India

    S. No. Breed Breeding state
    1 Banni Gujarat
    2 Bargur Tamil Nadu
    3 Bhadawari Uttar Pradesh and Madhya Pradesh
    4 Chhattisgarhi Chhattisgarh
    5 Chilika Odisha
    6 Gojri Himachal Pradesh and Punjab
    7 Jaffarabadi Gujarat
    8 Kalahandi Odisha
    9 Luit (Swamp) Assam
    10 Marathwadi Maharashtra
    11 Mehsana Gujarat
    12 Murrah Haryana and Delhi
    13 Nagpuri Maharashtra
    14 Nili Ravi Punjab
    15 Pandharpuri Maharashtra
    16 Surti Gujarat
    17 Toda Tamil Nadu

     

     

     

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    Back2Basics: In-vitro fertilization (IVF)

    • IVF is a type of assisted reproductive technology used for infertility treatment and gestational surrogacy.
    • A fertilised egg may be implanted into a surrogate’s uterus, and the resulting child is genetically unrelated to the surrogate.
    • Some countries have banned or otherwise regulate the availability of IVF treatment, giving rise to fertility tourism.
    • Restrictions on the availability of IVF include costs and age, in order for a woman to carry a healthy pregnancy to term.
    • IVF is generally not used until less invasive or expensive options have failed or been determined unlikely to work.

    IVF process

    • IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro (“in glass”).
    • The process involves monitoring and stimulating a female ovulatory process, removing an ovum or ova (egg or eggs) from the female ovaries and letting sperm fertilise them in a liquid in a laboratory.
    • After the fertilised egg (zygote) undergoes embryo culture for 2–6 days, it is implanted in the same or another female uterus, with the intention of establishing a successful pregnancy.

     

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  • [pib] Amended Technology Up-gradation Fund Scheme

    Union Minister of Textiles has reviewed the Amended Technology Up-gradation Fund Scheme (ATUFS) to ease of doing business, bolstering exports & fuelling employment.

    What is ATUFS?

    • The Ministry of Textiles had introduced Technology Upgradation Fund Scheme (TUFS) in 1999.
    • It is a credit linked subsidy scheme intended for modernization and technology up-gradation of the Indian textile industry.
    • It aims at promoting ease of doing business, generating employment and promoting exports. Since then, the scheme has been implemented in different versions.
    • The ongoing ATUFS has been approved in 2016 and implemented through web based iTUFS platform.
    • Capital Investment Subsidy is provided to benchmarked machinery installed by the industry after physical verification.

     

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  • A clean energy transition plan for India

    Context

    India has a long way to go in providing electricity security to its people since its per capita electricity consumption is still only a third of the global average.

    Ensuring energy security and role of coal

    • Energy security warrants the uninterrupted supply of energy at affordable prices.
    •  Thanks to the Electricity Act of 2003, the installed coal-fired thermal power plant (TPP) generation capacity in India more than doubled from 94 GW to 192 GW between March 2011 and 2017.
    • This sharp increase in the installed capacity has enabled the government to increase per capita electricity consumption by 37% while reducing peak demand deficit from 9.8% (2010-11) to 1.6% (2016-17). 
    • TPPs contributed 71% of the 1,382 billion units (BU) of electricity generated by utilities in India during FY 2020-21 though they accounted for only 55% of the total installed generation capacity of 382 GW (as of March 2021).
    • Coal, therefore, plays a vital role in India’s ongoing efforts to achieve Sustainable Development Goal 7, which is “to ensure access to affordable, reliable, sustainable and modern energy for all”.

    Renewable energy utilisation issue and implications for consumers

    • While variable renewable energy (VRE) sources (primarily, wind and solar) account for 24.7% of the total installed generation capacity, as of March 2021, they contributed 10.7% of the electricity generated by utilities during FY 2020-21.
    • However, the ramp-up of VRE generation capacity without commensurate growth in electricity demand has resulted in lower utilisation of TPPs whose fixed costs must be paid by the distribution companies (DISCOMs) and passed through to the final consumer.
    • The current level of VRE in the national power grid is increasing the cost of power procurement for DISCOMs, leading to tariff increases for electricity consumers. 
    • Therefore, India must implement a plan to increase energy efficiency and reduce the emissions of carbon dioxide (CO2) and airborne pollutants from TPPs without making power unaffordable to industries that need low-cost 24×7 power to compete in the global market.

    Way forward: time-bound transition plan

    • Phasing out: The plan should involve the progressive retirement of TPPs(unit size 210 MW and below) based on key performance parameters such as efficiency, specific coal consumption, technological obsolescence, and age.
    • Increasing utilisation: The resulting shortfall in baseload electricity generation can be made up by increasing the utilisation of existing High-Efficiency-Low-Emission (HELE) TPPs that are currently under-utilised to accommodate VRE and commissioning the 47 government-owned TPPs.
    • In addition, the Nuclear Power Corporation of India Limited (NPCIL) is also constructing 11 nuclear power plants with a total generation capacity of 8,700 MW that will supply 24×7 power without any CO2 emissions.
    • The combined thermal (220 GW) and nuclear (15 GW) capacity of 235 GW can meet the baseload requirement (80% of peak demand) during the evening peak in FY 2029-30 without expensive battery storage.
    • The optimal utilisation of existing and under-construction HELE TPPs with faster-ramping capabilities and lower technical minimums also facilitates VRE integration.
    • Since HELE TPPs minimise emissions of particulate matter (PM), SO2, and NO2, the transition plan offers operational, economic, and environmental benefits including avoidance of sustenance Capex and FGD costs in the 211 obsolete TPPs to be retired besides savings in specific coal consumption and water requirement leading to reductions in electricity tariffs and PM pollution.

    Conclusion

    The implementation of transition plan will enable India to safeguard its energy security and ensure efficient grid operations with lower water consumption, PM pollution, and CO2 emissions.

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  • India’s gig economy

    Since the pandemic, there is a growing concern about the pay-out and job-securities of the delivery persons and other gig workers of the e-commerce companies.

    E-com boom in India

    • E-commerce in India is a nascent industry that is probably less than 13 years old.
    • In this short period, it has captured the collective imagination of the nation.
    • The covid-19 crisis has accelerated its adoption, and even die-hard fans of shopping at a physical store have switched to shopping online.

    Various issues faced by the gig workers

    • Harsh working conditions
    • Quality of work and the temporary nature of engagement
    • Absence of a social security net
    • Long hours
    • Delayed pay-outs
    • Pressure to maximize speed of delivery (at the risk of road accidents)

    E-coms under scanner

    The bigger an industry gets, and the more successful it is perceived to be, the more responsible and thoughtful it needs to be in everything it does.

    • Fairness in employment: Some of the concerns are fair and call for introspection on the part of e-commerce companies.
    • Premature regulation: There is a rising demand for regulation of the gig economy created by them.

    Significance of e-commerce sector

    Anyone complaining about the quality of jobs being created by the e-commerce industry probably needs to spend some time understanding the history of job creation in India.

    An attractive sector for India’s ‘jobs problem’

    • Ample workforce: India is a demographically youthful nation, and every year between 17 and 20 million people look for jobs.
    • Attractive sector: This includes around 5 million people who are abandoning highly exploitative and less remunerative farm jobs every year to find employment in other sectors, mostly in the nearest urban districts.
    • Limited success of service sector: The IT and business process outsourcing industry has less than 200,000 jobs a year during its 25 years of existence. This is just a minuscule 1% of the total number of jobs that need to be created.

    Data justifying un-steady flow of income

    • According to CSO, only about 17% of India’s workers are regular wage earners and less than 23% of Indian households have a regular wage earner.
    • In other words, 77% of our households did not have a steady flow of income.
    • Self-employed (46%) and casual labour (33%) together account for nearly 80% of the workforce and claimed to earn less than ₹10,000 per month.
    • These are the realities that cannot be ignored.

    E-commerce: A game-changer

    • The new-age platforms have done is nothing short of a miracle both in terms of creating jobs as well as paying a fair wage.
    • It can be well established that it has provided a better remedy for unemployment in India.

    Why do e-marketplaces matter?

    • Failure of Skills: Neither skill nor knowledge is enough to ensure one generates income.
    • Technology dependency and free market: Efficient marketplace which are enabled by technology, matters.
    • Common platform: A startup such as the Urban Company is an example of a technology-powered marketplace for common services such as plumbing, carpentry, beauty, and house-cleaning, among others.
    • Single marketplace: They brought consumers and suppliers of services (based on skills) on a common platform and made the whole process of matching demand and supply pretty seamless.

    Benefits offered

    • Decent pay: A consumer of a service is willing to pay more for better quality of service if there is a consistent and reliable process of evaluating the capability of service providers.
    • Self-employment: Most of these workers are always self-employed and even with these platforms, they operate in a gig mode which isn’t structurally different.
    • Better livelihood: Youth from rural India had been joining the Ola and Uber platforms in large numbers, many of whom were either unemployed or heavily under-employed.
    • No skill-compulsion: When skilling is voluntary and driven by a free market mechanism, the outcomes are magical.
    • Industrializing the services: These platforms did ‘industrialize’ the services—industrialization allowed effortless consumption and created structured mechanisms to scale services and service capabilities.
    • New consumption pattern: The technology enabled markets resulted in ‘new consumption’ which, in turn, led to creation of more goods and service providers.

    Way forward

    • As far as the e-commerce industry is concerned, there are several obvious lessons that can contribute towards its growth, going ahead.
    • Also it is not fair to paint the entire industry as exploitative or be unduly critical of the gig model which is actually a very good model.
    • Many of the gig workers themselves would be reluctant to take up full time and fixed salaried jobs. Pushing for premature regulation could be lethal.
    • And finally, it is unrealistic to expect the e-commerce industry to create jobs that are probably as well paying like the IT industry.

    Conclusion

    • Creating high-paying jobs was never easy and will never be easy.
    • Nor is it realistic that everyone, or even a majority of the 20 million, will be employed in high-paying jobs.

     

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  • Global Agricultural Productivity Report, 2021

    Global agricultural productivity (GAP) is not growing as fast as the demand for food, amid the impact of climate change, according to a new report.

    GAP Report

    • The GAP Report is released by Virginia Tech’s College of Agriculture and Life Sciences.
    • It urges the acceleration of productivity growth from smallholders to large-scale farmers to meet consumers’ needs and address current and future threats to human and environmental well-being.

    Key indicator: Total factor productivity (TFP)

    • In agriculture, productivity is measured as Total Factor Productivity or TFP.
    • An increase in TFP growth indicates that more crops, livestock, and aquaculture products were produced with the same amount (or less) land, labor, fertilizer, machinery, feed, and livestock.
    • TFP grows when producers increase output using improved technologies and practices, such as advanced seed varieties, precision mechanization, efficient nutrient and water management techniques, and improved animal care practices.
    • Using agricultural inputs efficiently to generate more output reduces agriculture’s environmental impact and lowers costs for producers and consumers.

    Highlights of the report

    • Total factor productivity (TFP) is growing at an annual rate of 1.36 per cent (2020-2019).
    • This is below the annual target of 1.73 per cent growth to sustainably meet the needs of consumers for food and bioenergy in 2050.
    • Climate change has already reduced productivity growth globally by 21 per cent since 1961, the report said.
    • In the drier regions of Africa and Latin America, climate change has slowed productivity growth by as much as 34 per cent.
    • The report noted that middle-income countries including India, China, Brazil and erstwhile Soviet republics continued to have strong TFP growth rates.

    Agricultural productivity in India

    • India has seen strong TFP and output growth this century.
    • The most recent data shows an average annual TFP growth rate of 2.81 per cent and output growth of 3.17 per cent (2010–2019).

    Key recommendations

    • The report urged accelerating investments in agricultural R&D to increase and preserve productivity gains, especially for small farmers.
    • It identified six strategies and policies that would create sustainable agricultural growth at all scales of production:
    1. Invest in agricultural research and development
    2. Embrace science-and-information-based technologies
    3. Improve infrastructure for transportation, information and finance
    4. Cultivate partnerships for sustainable agriculture, economic growth and improved nutrition
    5. Expand and improve local, regional and global trade
    6. Reduce post-harvest loss and food waste

     

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  • The poor conditions of protectors

    Context

    In memory of these and other colleagues killed, all the police forces of the State and Centre observe October 21 as Police Commemoration Day.

    Casualties among the police forces

    • As the CRPF is deployed in the highly disturbed areas of Jammu and Kashmir, the Northeast and the Left-Wing Extremist-affected States, the highest casualties (82) were seen in this force.
    • The Indo-Tibetan Border Police (ITBP), which guards the border from Ladakh to Arunachal Pradesh at forbidding heights, lost 54 of its personnel.
    • The Border Security Force lost 47 personnel.
    • Among the State Police forces, Chhattisgarh, which is combating the Maoist menace, lost the most personnel (32) followed by J&K (17) and Karnataka (17).

    Neglect of the police and paramilitary personnels

    • They get paid low salaries, have a poor quality of life and are often deprived of basic facilities.
    • The morale of the paramilitary personnel is not of the desired level.
    • Those who cleared recruitment exams in 2003 but joined the force in 2004 or later are not eligible for pension under the old norms.
    • Canteen and medical facilities are dismal.
    • Items sold through the Central Police Canteens are not exempted from GST.
    • There are notable variations in the ex-gratia amounts given to the next of kin of the police who are killed.
    • The Centre and the States need to bring about uniformity in the amount paid.
    • Care should be taken to ensure that the next of kin are not deprived of a decent living.
    • Payments from the public exchequer need to be made judiciously.

    Conclusion

    It is high time the government takes note of the grievances of the police and paramilitary personnel and not let their sacrifices go in vain.

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  • Trade Protectionism in India

    Context

    India’s efforts for deepening India’s trade ties with several countries could be scuttled by rising trade protectionism at home.

    Increasing protectionism by India

    • Increase in average tariffs: As Arvind Panagariya has argued, the simple average of India’s tariffs that stood at 8.9 per cent in 2010-11 has increased by almost 25 per cent to 11.1 per cent in 2020-21.
    • These increases in tariff rates have reversed the political consensus on tariff liberalisation that India followed since 1991.
    • Initiator of anti-dumping measures: India is the highest initiator of anti-dumping measures aimed at shielding domestic industry from import competition.
    • According to the WTO, from 2015 to 2019, India initiated 233 anti-dumping investigations, which is a sharp increase from 82 initiations between 2011 and 2014 (June).
    • The anti-dumping initiations by India from 1995 (when the WTO was established) till 2020 stand at 1,071.
    • Expanding the scope of Article 11(2)(f): India recently amended Section 11(2)(f) of the Customs Act of 1962, giving the government the power to ban the import or export of any good (not just gold and silver, as this provision applied earlier) if it is necessary to prevent injury to the economy. 
    • Expanding the scope of Article 11(2)(f) to cover any good is inconsistent with India’s WTO obligations.
    • WTO allows countries to impose restrictions on imports in case of injury to domestic industry, not to the “economy”.
    • Restrictive rules of origin: Finance Minister in her budget speech of 2020 said that undue claims of FTA benefits pose a threat to the domestic industry.
    •  Subsequently, India amended the rules of origin requirement under the Customs Act.
    • Rules of origin determine the national source of a product.
    • This helps in deciding whether to apply a preferential tariff rate (if the product originates from India’s FTA partner country) or to apply the most favoured nation rate (if the product originates from a non-FTA country).
    • But India has imposed onerous burdens on importers to ensure compliance with the rules of origin requirement.
    • The intent appears to be to dissuade importers from importing goods from India’s FTA partners.
    • Impact of vocal for local: The clarion call given by Prime Minister Narendra Modi to be “vocal for local” is creating an ecosystem where imports are looked at with disdain, upsetting competitive opportunities and trading partners.

    What are the implications?

    • Protectionist steps are justified on the ground that they would help domestic companies grow into viable competitors.
    • But the fact is that protectionism does not benefit the domestic economy.
    • It rather encourages inefficiency of domestic manufacturers.
    • It is likely to hurt exports, make domestic goods costlier and reduce benefits to consumers from increased competition.
    • So in the long term, protectionism is likely to have only a negative effect on industry’s ability to compete globally.
    • For India to reap the benefits of the summits and partnerships like Quad, there needs to be a fundamental shift in policy.
    • Amore pragmatic approach in line with the recent initiatives to reverse the retrospective tax legislation and provide support to the flailing telecom sector must be expanded.

    Conclusion

    India can’t maximise its interests at the expense of others. Its experiment with trade protectionism in the decades before 1991 was disastrous. We should recall Winston Churchill’s warning: “Those who fail to learn from history are condemned to repeat it.”

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  • Need for Strategic Reserves of Coal and Gas

    The Centre has stressed the need to build strategic reserves of imported coal and gas as was being done for petroleum products.

    Why need strategic reserves for Coal and Gas?

    • Many countries have started keeping strategic reserves, because when it comes to a crunch, every country will meet its needs first.
    • Russia has curtailed gas supply to Europe because they want more gas to be consumed within their country.
    • There is a surge in power demand combined with a fall in imports due to high global coal prices have led to supply disruptions.

    Do you know?

    In 1998, the AB Vajpayee administration proposed building petroleum reserves as a long-term solution to managing the oil market.

    What are Strategic Reserves?

    • Indian refiners maintain 64.5 days of crude storage, so India has overall reserve oil storage of 74 days
    • Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian company responsible for maintaining the country’s strategic petroleum reserves.
    • ISPRL is a wholly-owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas.
    • It maintains an emergency fuel store of total 5.870 million cubic meters of strategic crude oil enough to provide 9.5 days of consumption.

    SPRs in India

    S. No. Location Capacity
    1 Visakhapatnam, Andhra Pradesh 1.33 million tonnes
    2 Mangalore, Karnataka 1.5 million tonnes
    3 Padur, Karnataka 2.5 million tonnes and an additional 2.5 million tonnes under construction
    4 Chandikhol, Odisha 4 million tonnes (under construction)

     

    Why were SPRs created?

    • Gulf War, 1990: It caused a sharp rise in oil prices and a massive increase to India’s imports.
    • Forex fluctuations: During the subsequent 1991 Indian economic crisis, foreign exchange reserves could barely finance three weeks’ worth of imports while the government came close to defaulting on its financial obligations.
    • Price volatility: India was able to resolve the crisis through policies that liberalized the economy. However, India continued to be impacted by the volatility of oil prices.

    How are they constructed?

    • The crude oil storages are constructed in underground rock caverns and are located on the East and West coasts of India.
    • Crude oil from these caverns can be supplied to the Indian Refineries either through pipelines or through a combination of pipelines and coastal movement.
    • Underground rock caverns are considered the safest means of storing hydrocarbons.

     

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  • What are Non-Transgenic Gene Editing techniques?

    The Centre is yet to decide on a research proposal from scientists which would allow plants to be genetically modified without the need for conventional transgenic technology.

    What is Genome Editing?

    • Genome editing (also called gene editing) is a group of technologies that give scientists the ability to change an organism’s DNA.
    • These technologies allow genetic material to be added, removed, or altered at particular locations in the genome.
    • Several approaches to genome editing have been developed.

    Techs for Genome Editing

    The core technologies now most commonly used to facilitate genome editing are

    1. Clustered regularly interspaced short palindromic repeats (CRISPR)- associated protein 9 (Cas9)
    2. Transcription activator-like effector nucleases (TALENs)
    3. Zinc-finger nucleases (ZFNs)
    4. Homing endonucleases or meganucleases

    Newer technologies

    • The Institute has now moved to newer technologies such as Site-Directed Nuclease (SDN) 1 and 2.
    • They aim to bring precision and efficiency into the breeding process using gene-editing tools such as CRISPR, whose developers won the Nobel Prize for Chemistry in 2020.

    About CRISPR

    • CRISPR-Cas9 was adapted from a naturally occurring genome editing system in bacteria.
    • The bacteria capture snippets of DNA from invading viruses and use them to create DNA segments known as CRISPR arrays.
    • The CRISPR arrays allow the bacteria to “remember” the viruses (or closely related ones).
    • If the viruses attack again, the bacteria produce RNA segments from the CRISPR arrays to target the viruses’ DNA.
    • The bacteria then use Cas9 or a similar enzyme to cut the virus DNA apart, which disables the virus.
    • This method is faster, cheaper, more accurate, and more efficient than other existing genome editing methods.

    What is Non-Transgenic Gene Editing?

    • Unlike the older GM technology which involves the introduction of foreign DNA, the new proposal involves the use of gene editing tools to directly tweak the plant’s own genes instead.
    • It does not involve inserting any foreign DNA.

    Use in India

    • Scientists at the Indian Agricultural Research Institute (IARI) are in the process of developing resilient and high-yield rice varieties using such gene editing techniques.
    • However, this proposal has been pending with the Genetic Engineering Appraisal Committee (GEAC) for almost two years.

    Why need such technique?

    • Similar to natural mutation: But in this case, this protein is right there in the plant, and is being changed a little bit, just as nature does through mutation.
    • Faster and cheaper: It is much faster and far more precise than natural mutation or conventional breeding methods which involve trial and error and multiple breeding cycles.
    • Safe for consumption: When a protein comes from an outside organism, then you need to test for safety.
    • Pathbreaking: It is potentially a new Green Revolution.

    No approval issues

    • The SDN 1 and SDN 2 categories of genome-edited plants do not contain any foreign DNA when they are taken to the open field trials.
    • The US, Canada, Australia and Japan are among the countries which have already approved the SDN 1 and 2 technologies as not akin to GM.
    • So, such varieties of rice can be exported without any problem.
    • The European Food Safety Authority has also submitted its opinion that these technologies do not need the same level of safety assessment as conventional GM.

     

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  • Pakistan, Turkey on FATF greylist

    The Financial Action Task Force (FATF) kept Pakistan on the grey list yet again since 2018. The FATF also announced the ‘greylisting’ of Jordan, Mali and Turkey.

    What is the FATF?

    • FATF is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.
    • The FATF Secretariat is housed at the OECD headquarters in Paris.
    • It holds three Plenary meetings in the course of each of its 12-month rotating presidencies.
    • As of 2019, FATF consisted of 37 member jurisdictions.

    India and FATF

    • India became an Observer at FATF in 2006. Since then, it had been working towards full-fledged membership.
    • On June 25, 2010, India was taken in as the 34th country member of FATF.
    • The EAG (Eurasian Group) is a regional body comprising nine countries: India, Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Belarus.

    What is the role of FATF?

    • Watchdog on terror financing: The rise of the global economy and international trade has given rise to financial crimes such as money laundering.
    • Recommendation against financial crimes: The FATF makes recommendations for combating financial crime, reviews members’ policies and procedures, and seeks to increase acceptance of anti-money laundering regulations across the globe.

    What is the Black List and the Grey List?

    • Black List: The blacklist, now called the “Call for action” was the common shorthand description for the FATF list of “Non-Cooperative Countries or Territories” (NCCTs).
    • Grey List: Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list. This inclusion serves as a warning to the country that it may enter the blacklist.

    Consequences of being in the FATF grey list:

    • Economic sanctions from IMF, World Bank, ADB
    • Problem in getting loans from IMF, World Bank, ADB and other countries
    • Trade sanctions: Reduction in international trade
    • International boycott

    Pakistan and FATF

     

    • Pakistan, which continues to remain on the “grey list” of FATF, had earlier been given the deadline till June to ensure compliance with the 27-point action plan against terror funding networks.
    • It has been under the FATF’s scanner since June 2018, when it was put on the Grey List for terror financing and money laundering risks.
    • FATF and its partners such as the Asia Pacific Group (APG) are reviewing Pakistan’s processes, systems, and weaknesses on the basis of a standard matrix for anti-money laundering (AML) and combating the financing of terrorism (CFT) regime.

     

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