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Archives: News

  • RBI Notifications

    RBI allows NRI to open rupee accounts abroad with authorized banks

    Why in the News?

    The Reserve Bank of India (RBI), along with the Central government, has reviewed the rules under the Foreign Exchange Management Act 1999 (FEMA) to make it easier to carry out cross-border transactions in Indian rupees (INR) according to a statement by the RBI.

    What are the recent changes made in FEMA regulations by RBI?

    • Opening Rupee Accounts for Non-Residents: Overseas branches of authorized dealer (AD) banks can now open rupee accounts for non-residents, enabling them to conduct current and capital account transactions with Indian residents.
    • Settlement of Transactions: Non-residents can use their balances in repatriable rupee accounts, including Special Non-Resident Rupee Accounts (SNRAs) and Special Rupee Vostro Accounts (SRVAs), to settle transactions with other non-residents abroad.
    • Investment Opportunities: Balances in these accounts can be utilized for foreign investments, including Foreign Direct Investment (FDI) in non-debt instruments, thereby promoting rupee-based investments.
    • Flexibility for Exporters: Indian exporters are now permitted to open foreign currency accounts overseas to receive export proceeds and use these funds for import payments, enhancing operational flexibility.
    • Support for Local Currency Transactions: The new guidelines support cross-border transactions in local currencies, reducing reliance on dominant foreign currencies like the US Dollar

    What is Internationalisation of Rupee?

    • The internationalization of the rupee refers to the process of increasing the use and acceptance of the Indian rupee (INR) in global trade, investment, and cross-border transactions. This initiative aims to promote the rupee as a viable alternative to dominant currencies like the US dollar in international markets.

    What are the key features of the Internationalisation of Rupee?

    • Cross-Border Transactions: The primary goal is to facilitate more cross-border transactions in rupees, allowing businesses and individuals to conduct trade and investments without relying on foreign currencies.
    • Current and Capital Account Transactions: Initially focused on promoting the rupee for import and export trade, the process will extend to other current account transactions and eventually capital account transactions, enabling investments in rupee-denominated assets.
    • Full Convertibility: Achieving full capital account convertibility is essential for internationalization, meaning there would be no restrictions on converting rupees into foreign currency or vice versa for investments and loans.
    • Strengthening Economic Sovereignty: Reducing reliance on foreign currencies enhances India’s economic sovereignty and minimizes exposure to currency fluctuations, thereby stabilizing trade relations.
    • Enhancing Global Trade: By allowing direct transactions in rupees, internationalization can simplify cross-border trade processes, eliminate currency conversion needs, and reduce transaction costs.

     

    What are the significance of Internationalisation of Rupee? 

    • Reducing Exchange Rate Risks: By promoting INR usage in international trade, India can mitigate exchange rate risks associated with reliance on major currencies like the USD.
    • Enhancing Trade Competitiveness: Facilitating rupee transactions can improve India’s trade competitiveness by lowering transaction costs and simplifying payment processes for exporters and importers.
    • Strengthening Economic Sovereignty: Greater acceptance of the INR in global markets can enhance India’s economic sovereignty and reduce vulnerability to external economic shocks and geopolitical tensions.
    • Encouraging Foreign Investment: The ability to conduct transactions in INR may attract more foreign investors looking for stable investment opportunities in India

    Way forward: 

    • Strengthen Global Agreements: Expand bilateral and multilateral trade agreements to encourage invoicing and settlement in rupees, promoting its global acceptability.
    • Enhance Domestic Financial Infrastructure: Improve financial systems to support seamless cross-border rupee transactions, including achieving full capital account convertibility and increasing trust in the INR.

    Mains PYQ:

    Q How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India? (UPSC IAS/2018)

  • Civil Aviation Sector – CA Policy 2016, UDAN, Open Skies, etc.

    Fast Track Immigration Trusted Traveller Program (FTI- TTP)

    Why in the News?

    The Fast Track Immigration – Trusted Traveller Program (FTI-TTP) is set to expand to seven major Indian airports starting January 16, 2025, ensuring seamless and expedited immigration processes for Indian nationals and Overseas Citizen of India (OCI) cardholders.

    About the Fast Track Immigration Trusted Traveller Program (FTI- TTP)

    • Launched under the ‘Viksit Bharat @2047’ vision, it aims to establish world-class immigration facilities and enhance international mobility.
    • The Bureau of Immigration, under the Ministry of Home Affairs, is the nodal agency responsible for implementing the programme.
    • It was initially introduced on June 22, 2024, at Delhi’s Indira Gandhi International Airport (IGI).
    • It is targeted at Indian nationals and Overseas Citizen of India (OCI) cardholders in its first phase and will eventually include foreign travelers.
    • Phase-Wise Implementation:
      • Phase 1: Covers Indian citizens and OCI cardholders.
      • Phase 2: Will extend to foreign travelers.
    • The program is free of cost during its initial implementation phase.
    • By 2025, the program will be operational at 21 major airports across India.

    Features of the Program

    • Operates through e-gates or automated border gates for faster processing.
    • Travelers scan their boarding pass and passport, followed by biometric authentication, to complete the process.
    • Enrollment is completed through an online portal (https://ftittp.mha.gov.in), where applicants upload their details and required documents.
    • Membership is valid for a maximum of 5 years or until the passport’s validity, whichever comes first.
    • Applicants must ensure their passport has a minimum six-month validity at the time of registration.
    • White-listed trusted travelers undergo faster clearance while maintaining security standards.

    Significance  

    • Reduces immigration clearance time, providing a hassle-free travel experience for international travelers.
    • Biometric authentication ensures identity verification, reducing risks of fraudulent entries.
    • Travelers can bypass regular queues, making the process more convenient and seamless.
    • Comparable to the Global Entry Program in the United States, it aligns India’s immigration services with international standards.

    PYQ:

    [2021] With reference to India, consider the following statements:

    1. There is only one citizenship and one domicile.
    2. A citizen by birth only can become the Head of State.
    3. A foreigner once granted citizenship cannot be deprived of it under any circumstances.

    Which of the statements given above is/are correct?

    (a) 1 only
    (b) 2 only
    (c) 1 and 3
    (d) 2 and 3

  • Cyber Security – CERTs, Policy, etc

    What is Central Suspect Registry?

    Why in the News?

    In just three months since its launch, the Central Suspect Registry (CSR) has successfully declined over 6 lakh fraudulent transactions, saving ₹1,800 crore, according to the Ministry of Home Affairs (MHA).

    About the Central Suspect Registry (CSR)

    • The CSR aims to strengthen fraud risk management by maintaining a comprehensive registry of cybercrime suspects.
    • It contains data on 1.4 million cybercriminals linked to financial fraud and other cybercrimes.
    • The registry was created by the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs.
    • The registry is accessible to states, Union Territories, central investigation agencies, intelligence agencies, and financial institutions.
    • Developed with inputs from banks and financial institutions, the CSR serves as a central database consolidating cybercrime-related data.

    Significance of the CSR:

    • Integration with NCRP: Uses data from the National Cybercrime Reporting Portal to identify potential cybercriminals.
    • Fraud Detection and Prevention: Helps financial institutions and law enforcement agencies identify and block fraudulent activities.
    • Support from Financial Entities: The RBI has directed all banks to integrate the registry into their systems for fraud prevention.
    • Impact:
      • Over 6.10 lakh fraudulent transactions blocked, saving ₹1,800 crore as of December 1, 2024.
      • 8.67 lakh mule accounts frozen by banks and financial intermediaries.
      • 7 lakh SIM cards and 1.4 lakh mobile devices blocked.
      • Financial fraud transactions amounting to ₹3,850 crore saved since 2021 through the Citizen Financial Cyber Frauds Reporting and Management System.
      • 1,03,151 suspicious online content items blocked under the powers conferred by the Information Technology Act, 2000.

    PYQ:

    [2020] In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits?

    1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer
    2. Cost of a new computer if some miscreant wilfully damages it, if proved so
    3. Cost of hiring a specialised consultant to minimise the loss in case of cyber extortion
    4. Cost of defence in the Court of Law if any third party files a suit

    Select the correct answer using the code given below:

    (a) 1, 2 and 4 only
    (b) 1, 3 and 4 only
    (c) 2 and 3 only
    (d) 1, 2, 3 and 4

  • Wildlife Conservation Efforts

    What is Hydroclimate Whiplash?

    Why in the News?

    Since earlier this month Los Angeles has been gripped by devastating wildfires fueled by a rare and alarming meteorological phenomenon known as hydroclimate whiplash.

    What is Hydroclimate Whiplash?

    • Hydroclimate whiplash refers to rapid and extreme shifts between periods of intensely wet weather and dangerously dry conditions.
    • Characteristics:
      • Alternates between heavy rainfall and severe drought.
      • Typically results in amplified weather extremes, such as floods followed by wildfires.
    • Global Trend:
      • Hydroclimate whiplash has increased by 31% to 66% worldwide since the mid-20th century, largely due to climate change.
      • Projections indicate a 113% rise in such events during sub-seasonal periods with a 3°C increase in global temperatures.

    Causes of Hydroclimate Whiplash

    • Rising global temperatures intensify hydrological extremes, causing prolonged periods of rainfall and drought.
    • Warmer air holds more moisture, leading to heavier rainfalls during wet periods and exacerbating droughts during dry phases.
    • Shifts in El Nino-Southern Oscillation (ENSO) cycles influence precipitation and temperature extremes.
    • Changes in ocean currents and wind patterns disrupt normal weather cycles, contributing to hydroclimate variability.
    • Unusual delays in wet or dry seasons can magnify hydroclimate swings, as seen in regions like California.

    How did this phenomenon cause wildfire in LA?

    • The usual wet season, which begins in October, failed during 2024-25, exacerbating dry conditions and increasing fire hazards.
    • As dry air moves from high-pressure regions over southwestern deserts to low-pressure zones off the California coast, it warms and dries further, creating ideal wildfire conditions.

    PYQ:

    [2011] La Nina is suspected to have caused recent floods in Australia. How is La Nina different from El Nino?

    1. La Nina is characterised by an usually cold ocean temperature in equatorial Indian Ocean whereas El Nino is characterised by unusually warm ocean temperature in the equatorial Pacific Ocean.

    2. El Nino has adverse effect on south-west monsoon of India but La Nina has no effect on monsoon climate.

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

  • Indian Army Updates

    India successfully tests Indian Army’s first ‘Bhargavastra’ counter-drone micro missiles

    Why in the News?

    India has achieved a significant milestone in defense technology by successfully testing its first domestically developed Bhargavastra micro-missile system, designed to counter swarm drone threats.

    'Bhargavastra'

    What is Bhargavastra?

    • Bhargavastra is India’s first micro-missile-based counter-drone system, developed to address the increasing threat posed by swarm drones.
    • It is capable of detecting and neutralizing small aerial vehicles at ranges exceeding 6 km.
    • Developed by Economic Explosives Ltd, the system is designed for the Indian Army, with interest also expressed by the Indian Air Force.
    • The system is tailored to provide a cost-effective solution for countering drone threats while preserving advanced air defense systems for larger challenges.

    Features of the Bhargavastra Missile System

    • Detection Range: Can detect small aerial vehicles at distances greater than 6 km.
    • Neutralization Capability: Employs guided micro munitions to engage and destroy drone targets.
    • Simultaneous Launches: Capable of launching over 64 micro missiles simultaneously, enabling effective countermeasures against swarm formations.
    • Mobile Platform: Mounted on a mobile platform for rapid deployment in diverse terrains, including high-altitude regions.
    • Versatile Design: Engineered to operate across varied terrains, meeting the specific requirements of the Indian military.

    PYQ:

    [2014] With reference to Agni-IV Missile, which of the following statements is/are correct?

    1. It is a surface-to-surface missile.
    2. It is fuelled by liquid propellant only.
    3. It can deliver one-tonne nuclear warheads about 7500 km away.

    Select the correct answer using the code given below:

    (a) 1 only
    (b) 2 and 3 only
    (c) 1 and 3 only
    (d) 1, 2 and 3

  • Indian Navy Updates

    Commissioning of INS Nilgiri, INS Surat, and INS Vaghsheer

    Commissioning of INS Nilgiri, INS Surat, and INS Vaghsheer

    Why in the News?

    Three frontline combatants—INS Nilgiri, INS Surat, and INS Vaghsheer—were commissioned into the Indian Navy at the Naval Dockyard in Mumbai.

    About the Ships/Vessels

    Details
    INS Nilgiri
    • Type: First Ship of Project 17A (Nilgiri-class stealth frigates)
    • Role: Multi-mission operations in deep-sea environments
    • Builders: Mazagon Dock Shipbuilders Limited (MDL), Mumbai, and GRSE, Kolkata
    • Features: Integrated construction, supersonic missiles, MRSAMs, advanced weaponry
    • Timeline: Keel laid Dec 28, 2017; Launched Sep 28, 2019; Delivered Dec 20, 2024
    • Significance: Enhances anti-surface, anti-air, and anti-submarine warfare capabilities
    INS Surat
    • Type: Last Ship of Project 15B (stealth guided missile destroyers)
    • Role: Advanced stealth destroyer for offensive and network-centric warfare
    • Builders: MDL
    • Features: AI-enabled systems, advanced weaponry (surface-to-air missiles, torpedoes), COGAG propulsion
    • Timeline: Commissioned in 2024; follows Visakhapatnam, Mormugao, and Imphal
    • Significance: India’s first AI-enabled warship with advanced IT tools
    INS Vaghsheer
    • Type: Last Submarine of Project 75 (Scorpene-class submarines)
    • Role: Stealthy, multi-role operations (anti-surface, anti-submarine warfare)
    • Builders: Collaboration with French Naval Group
    • Features: Diesel-electric propulsion, wire-guided torpedoes, modular design for future AIP upgrades
    • Timeline: Sixth and final Scorpene-class submarine; follows Kalvari, Khanderi, Karanj, Vela, and Vagir
    • Significance: Enhances India’s underwater warfare capabilities

    PYQ:

    [2016] Which one of the following is the best description of ‘INS Astradharini’, that was in the news recently?

    (a) Amphibious warfare ship
    (b) Nuclear-powered submarine
    (c) Torpedo launch and recovery vessel
    (d) Nuclear-powered aircraft carrier

  • Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

    An alliance of democracies with India at its core

    Why in the News?

    Europe and India need a stronger, more practical partnership and together with the United States, they can become an unbeatable force.

    Why do all democratic countries need to come together? 

    • Unified Front Against Authoritarianism: Democracies can counter coercive tactics and aggression from authoritarian regimes like China and Russia by standing together to deter threats to vulnerable nations, and reinforcing global stability.
    • Advocating Democratic Principles: A collective alliance provides a platform to promote democratic values such as human rights, the rule of law, and free markets fostering an international environment supportive of democracy.
    • Addressing Global Challenges Collaboratively: Democracies can pool resources and expertise to tackle global issues like climate change, terrorism, and public health crises through joint strategies and initiatives.
    • Strengthening Economic Ties: Enhanced economic cooperation within an alliance can promote free trade, reduce barriers, and create a resilient network to counter economic coercion from non-democratic states.
    • Bolstering Democratic Resilience: By sharing best practices, democracies can strengthen their institutions, address internal polarisation, and enhance resilience against threats to their democratic systems.

    What is the strategic importance of India in a global alliance of democracies?

    • Geopolitical Counterbalance: India serves as a crucial counterbalance to China in the Indo-Pacific region.
      • As a democracy with significant economic growth potential, India’s alignment with European democracies can help counter authoritarian influences, particularly from Russia and China, which pose threats to global democratic norms.
    • Economic Partnership: The EU-India relationship is economically significant, with India projected to become the world’s third-largest economy in the next decade.
      • Strengthening trade ties can enhance economic security for both parties and reduce dependency on China. The EU has recognised India as a ‘Trusted Partner’ in critical sectors such as technology and pharmaceuticals.
    • Shared Values: Both Europe and India share foundational values of democracy, rule of law, and human rights. This commonality provides a strong basis for collaboration on global issues such as climate change, security, and sustainable development.

    How can India contribute to the promotion and protection of democratic norms internationally?

    • Promoting Democratic Values: India can advocate for democratic governance and human rights on international platforms, leveraging its status as the world’s largest democracy to influence other nations positively.
    • Collaborative Initiatives: Through partnerships like the Trade and Technology Council (TTC), India can collaborate with Europe on emerging technologies and critical industries.
      • Such cooperation can promote transparency and ethical standards in technology development.
    • Defense Cooperation: India’s existing defense collaborations with the U.S. and its role in multilateral security frameworks like the Quad can be expanded to include European partners, enhancing collective security against authoritarian regimes.

    What challenges does India face in leading or participating in this alliance?

    • Balancing Relations with Russia and China: India’s historical ties with Russia complicate its position within a democratic alliance. While it seeks to maintain these relationships for strategic reasons, it must also navigate criticism from Western allies regarding its stance on Russia’s invasion of Ukraine.
    • Internal Democratic Challenges: India faces significant internal challenges related to its democratic processes, including concerns about political dissent and civil liberties.
      • Addressing these issues is essential for India to lead effectively within a global democratic alliance.
    • Trade Negotiation Stagnation: Ongoing negotiations for a Free Trade Agreement (FTA) between the EU and India have faced hurdles due to disagreements over sustainability measures and human rights issues.
      • Progress in these negotiations is crucial for realizing the full potential of their partnership.

    Way forward: 

    • Strengthening Internal Democracy and Rule of Law: India should address domestic concerns related to political dissent, civil liberties, and democratic processes to enhance its credibility and leadership role within a global democratic alliance.
    • Expanding Strategic Partnerships: India should accelerate negotiations on trade agreements, deepen collaboration in critical sectors like technology and defense, and align with democratic allies to counter authoritarian influences effectively.

    Mains PYQ:

    Q Indian and USA are two large democracies. Examine the basic tenets on which the two political systems are based. (UPSC IAS/2018) 

  • Health Sector – UHC, National Health Policy, Family Planning, Health Insurance, etc.

    Costly HPV vaccine needs to be part of national immunisation programme

    Why in the News?

    The HPV vaccine works best if given before coming into contact with the virus. It is recommended for children aged 12 to 13 and for people who are more likely to get HPV.

    What are the health benefits of including the HPV vaccine in the national immunization program?

    • Prevention of Cervical Cancer: The HPV vaccine can prevent over 90% of cervical cancers caused by HPV, significantly reducing incidence rates and mortality associated with this disease.
    • Broader Cancer Protection: Vaccination also protects against other HPV-related cancers, including those of the vagina, vulva, penis, anus, and oropharynx, promoting overall public health.
    • Cost-Effectiveness: Early vaccination can lead to long-term savings in healthcare costs by reducing the need for cancer treatments and associated healthcare services.
    • Equity and Accessibility: Making the HPV vaccine part of the national immunization program would enhance accessibility for all demographics, particularly in low- and middle-income regions where cervical cancer rates are disproportionately high.

    What are the economic implications of integrating the HPV vaccine into the national immunization program?

    • Healthcare Savings: By preventing cervical cancer, the integration of the HPV vaccine into the national immunization program can lead to substantial reductions in treatment costs and hospitalizations related to advanced cancer stages.
    • Increased Productivity: Healthier populations contribute to economic productivity as fewer individuals suffer from debilitating illnesses that impede work and social engagement.
    • Investment in Public Health: Allocating resources for HPV vaccination can enhance public health infrastructure and create a more robust healthcare system capable of addressing other health issues.

    What are the barriers to HPV vaccination? 

    • High Vaccine Costs: The prohibitive cost of HPV vaccines like Gardasil and Cervarix limits their accessibility for many Indian families. Although the indigenous vaccine, CERVAVAC, offers a more affordable alternative, affordability remains a key barrier to widespread vaccination.
    • Low Awareness Levels: A significant lack of awareness about HPV and its link to cervical cancer results in poor understanding of the vaccine’s benefits, contributing to low acceptance and coverage rates.
    • Cultural and Social Stigma: Cultural taboos around sexual health and reproductive issues discourage parents from vaccinating children, particularly girls, due to misconceptions about the vaccine’s necessity or fears of promoting promiscuity.
    • Gender Bias in Vaccination Efforts: The focus on HPV as a women-centric infection leads to insufficient promotion of vaccination among boys and young men, perpetuating gender disparities in healthcare and reducing overall campaign effectiveness.
    • Policy and Budgetary Constraints: Despite recommendations for including the HPV vaccine in national immunization programs, delays caused by budgetary limitations and competing health priorities hinder its integration and accessibility.

    What strategies can be employed to overcome barriers to HPV vaccination uptake? (Way forward)

    • Awareness Campaigns: Implementing educational initiatives to inform communities about the benefits and safety of the HPV vaccine can help dispel myths and cultural stigmas surrounding vaccination.
    • Subsidizing Costs: Reducing the financial burden through government subsidies or integrating the vaccine into public health programs can improve accessibility for lower-income populations.
    • Engaging Healthcare Providers: Training healthcare professionals to communicate the importance of HPV vaccination effectively can encourage more patients to get vaccinated, particularly among hesitant parents and young adults.

    Mains PYQ:

    Q What is the basic principle behind vaccine development? How do vaccines work? What approaches were adopted by the Indian vaccine manufacturers to produce COVID-19 vaccines? (UPSC IAS/2022)

  • Skilling India – Skill India Mission,PMKVY, NSDC, etc.

    [pib] QS World Future Skills Index

    Why in the News?

    PM has expressed his happiness as the QS World Future Skills Index ranks India 2nd for Digital Skills, ahead of Canada and Germany.

    About the QS World Future Skills Index

    • The index is launched by Quacquarelli Symonds (QS), a London-based higher education firm, the index evaluates countries on their readiness to meet evolving job market demands.
    • It assesses over 190 countries, analyzing:
      • 280 million job postings
      • 5 million employer skill demands
      • 17.5 million research papers
    • 4 Key Indicators:
      • Skills Fit: Alignment between workforce skills and employer demands.
      • Academic Readiness: Higher education’s capability to prepare students for future skills.
      • Future of Work: Job market readiness for emerging skills in digital, AI, and green technologies.
      • Economic Transformation: Capacity for innovation and sustainable growth.
    • Countries are classified into 4 categories as:
      • Future Skills Pioneers
      • Practitioners
      • Contenders (India’s category)
      • Aspirants

    Key Observations  

    • India ranks 2nd globally in digital, AI, and green skills, showcasing its leadership in technology and sustainability.
    • It achieved a perfect score in economic capacity, reflecting strong growth potential.
    • However, India scored poorly in skills fit (59.1) and sustainability innovation (15.6), highlighting gaps in education and innovation alignment.
    • Developed nations like the USA, UK, and Germany lead as “future skills pioneers.”

    Significance of the Index

    • The report serves as a global benchmark for readiness in meeting evolving job market demands.
    • It highlights the importance of digital, AI, and green skills for future industries.
    • It provides actionable insights for policy reforms in education and workforce training.
    • It positions India to address gaps and leverage its strengths to secure a competitive global role.

    PYQ:

    [2022] What are the main socio-economic implications arising out of the development of IT industries in major cities of India?

  • African leaders adopt new Kampala Declaration

    Why in the News?

    The Extraordinary African Union Summit on the Comprehensive Africa Agriculture Development Program (CAADP) concluded in Kampala, Uganda, with the adoption of the transformative Kampala Declaration.

    kampala

    What is the Kampala Declaration?

    Details
    About
    • Successor to the Malabo Declaration (2014–2025).
    • Focuses on transforming agriculture into a modern, climate-smart sector.
    • Aligns with CAADP’s vision and African Union’s Agenda 2063.
    Key Highlights
    • Adoption of a ten-year post-Malabo agenda (2026–2035) with implementation and monitoring strategies.
    • Promotes climate-smart innovations for sustainable food production.
    • Integrates agricultural policies with broader development objectives like nutrition and environmental sustainability.
    • Acknowledges global challenges like COVID-19 and geopolitical disruptions.
    Significant Features
    • Adopts an agri-food systems approach, addressing issues across the food value chain.
    • Emphasizes environmental sustainability and diverse, nutritious diets.
    • Builds resilience to withstand climate, economic, and geopolitical shocks.
    • Ensures involvement of diverse stakeholders, including policymakers, farmers, and private sector actors.
    • Establishes monitoring frameworks for accountability and progress tracking.

     

    PYQ:

    [2015] The ‘Fortaleza Declaration’ recently in the news, is related to the affairs of:

    (a) ASEAN

    (b) BRICS

    (c) OECD

    (d) WTO

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