💥UPSC 2027,2028 Mentorship (April Batch) + Access XFactor Notes & Microthemes PDF
Talk to mentor

Civilsdaily

Login

Search results for: “”

  • How to identify the right study material for UPSC 2022 beginners?

    How to identify the right study material for UPSC 2022 beginners?

    Do you know the one area where UPSC aspirants lose a lot of time and waste a lot of their efforts? It’s finding the right study material to begin their preparation. There are literally thousands of books available in the market and most students end up buying a lot of books without realizing that most of them are not useful.

    The biggest problem new aspirants face is deciding what to study and what not to study. This wastes their time, and the syllabus starts piling up. So, what can you do to identify the right material as you start your preparation? We have spoken with over 400 rankers from the last 2 years to create the most effective and suitable study material.

    What to read and what not to read? Speak with our mentors for A clear study plan (CLICK HERE)
    • History – Students often buy and read multiple books like Bipin Chandra, Grover, Sumit Sarkar, Chattopadhyay, etc. But if History is not your optional subject, you really do not need to read each of these books. You need to be highly selective and use the most important source that can help you get marks in the exam. A quick review of the previous year’s question papers would give you an idea about the kinds of question that come from History. Eliminate the idea of reading everything, read only the books that matter.
    • Geography – While NCERTs are a must read for any UPSC aspirant, there are specific books like G.C. Leong, Savindra Singh, Majid Hussain, etc. For example, there are many technical chapters in Savindra Singh like isostasy, drainage patterns, etc. Are they important? No! Should you spend time on them? No. Limit your study material but read the selected ones in detail. Instead, you can simply speak to our mentors and reduce your reading material to only the most important chapters.
    • Art and culture – UPSC asks a lot of questions from Art and Culture but there is no one book that is completely helpful. Often, UPSC asks some questions that you may not find in most of the popular books. For example, if you are reading Nitin Singhania, you do not have to read the chapters on Cinema and Circus. You do not have to read every chapter in every book!
    • Current affairs – Yes, it is important to read the newspaper but how do you identify what to read in a newspaper? Is everything important? No! Should you make a note of everything that comes in the newspaper? No! Try to identify only those topics that will fetch you marks, everything else will waste your time.
    • Environment – Most students read Shankar IAS for environment. But the questions from environment often have Current Affairs element in them. So, while you should read the basic concepts from this book, you will have to tie it with Current Affairs to score.
    speak with our mentors to know what to read and what to avoid in every subject (click here)
    • .Science and Tech – Science and tech has a huge syllabus. It contains everything from Biology to Sattelites. But can you read and remember everything? Is it important to know the names of all the human bones? No! It may be important to know India’s space program but do you need to know every sattelite’s details? No! You have to learn to differentiate what is important and what isn’t.
    • Economics – 15 questions were asked from Economics in Prelims 2020. But Economics cannot be completed by reading one book. These questions can only be solved by reading the basic concepts and tying them with current affairs. There is no book that does this perfectly. What will you do? It is best to speak with mentors who know which areas to focus on to get maximum marks. They can help reduce your workload to very specific reading points.
    • Government schemes and plans – You have less than a year to prepare for the exam, can you afford to read all the Yojana, Kurukshetra, etc. before the exam? Should you spend so much time reading topics that may or may not come in the exam? No! Only focused study fetches you marks.

    This is an exam of elimination. You can only succeed when you know which study material to eliminate and which to pick. Otherwise, you will have a library of books that are completely useless for your preparation. All your time, money, and efforts will be wasted and you will start feeling overwhelmed by the syllabus.

    SPEAK WITH OUR MENTORS TO KNOW WHAT TO READ AND WHAT TO AVOID IN EVERY SUBJECT (CLICK HERE)

    Remember: Smart work is needed to clear the exam. It’s better to read a particular book many times rather than reading multiple books without revision.

    After speaking with over 400 rankers from the last 2 years, our mentors have created the most suitable study material that is selective and highly effective. Speak with our mentors. They will tell you exactly which books and which chapters to read. Don’t waste time, read only the focused material.

    Before you start preparing SPEAK WITH OUR MENTORS TO KNOW WHAT TO READ AND WHAT TO AVOID IN EVERY SUBJECT (CLICK HERE)

  • 21st Sept 2021 | History Test 3

    [WpProQuiz 787]

    [WpProQuiz_toplist 784]

  • International Organizations Regarding Environment and Conservation

    21st Sept 2021

     

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

     

    Earth System Governance Project (ESGP)

    Established When and by Whom:  Developed under the auspices of the International Human Dimensions Programme on Global Environmental Change. It started in January 2009.

    Headquarter: The Earth System Governance Project Office is hosted at Lund University, Sweden.

    Key Functions:

    The Earth System Governance Project aims to contribute to science on the large, complex challenges of governance in an era of rapid and large-scale environmental change.

    The project seeks to create a better understanding of the role of institutions, organizations and governance mechanisms by which humans regulate their relationship with the natural environment

    The Earth System Governance Project aims to integrate governance research at all levels. The project aims to examine problems of the ‘global commons’, but also local problems from air pollution to the preservation of waters, waste treatment or desertification and soil degradation

    However, due to natural interdependencies local environmental pollution can be transformed into changes of the global system that affect other localities. Therefore, the Earth System Governance Project looks at institutions and governance processes both local and globally

    The Earth System Governance Project is a scientific effort, but also aims to assist policy responses to the pressing problems of earth system transformation

    Global Environment Facility (GEF)

    Established When and by Whom: The Global Environment Facility was established in October 1991 as a $1 billion pilot program in the World Bank to assist in the protection of the global environment and to promote environmental sustainable development.

    Headquarter: Washington, District of Columbia, United States of America

    Key Functions:

    The Global Environment Facility (GEF) unites 183 countries in partnership with international institutions, civil society organizations (CSOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives.

    Today the GEF is the largest public funder of projects to improve the global environment.

    An independently operating financial organization, the GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.

    Funding: The GEF also serves as the financial mechanism for the following conventions:

    • Convention on Biological Diversity (CBD)
    • United Nations Framework Convention on Climate Change (UNFCCC)
    • UN Convention to Combat Desertification (UNCCD)
    • Stockholm Convention on Persistent Organic Pollutants (POPs)
    • Minamata Convention on Mercury

    India specific trivia:

    *India has formed a permanent Constituency in the Executive Council of the GEF together with Bangladesh, Sri Lanka, Bhutan, Nepal and Maldives.

    The Council Meetings are held semi-annually or as frequently necessary. At each meeting, the Council elects a Chairperson from among its members for the duration of that meeting. India’s Executive Director in the World Bank represents the GEF Council from our Constituency.

    India is both a donor and a recipient of GEF. It has been a leading developing country participant in the GEF since its inception in 1991 and has played a major role in shaping the restructuring of the GEF. It had contributed US $ 6.0 million to the core fund in the GEF Pilot Phase.

    India has pledged an amount of US $ 9.0 million towards the resources of each of the Five GEF replenishments. The total funds pledged so far amounts to US$ 51 million and an amount of US$ 48.75 million has been paid by December 2012 towards GEF replenishments.

    Ministry of Finance is the political focal point while Ministry of Environment & Forests is the Operational Focal Point for the GEF Projects.

    Global Green Growth Institute

    Established When and by Whom: GGGI was first launched as a think tank in 2010 by Korean President Lee Myung-bak, and was later converted into an international treaty-based organization in 2012 at the Rio+20 Summit in Brazil.

    Headquarter: It is headquartered in Seoul, Republic of Korea

    Key Functions: GGGI works to produce three major outcomes: adoption and implementation of green growth plans; provision of research for policymakers; and private sector engagement in the implementation of the national green growth plans. The organization uses three approaches to achieve these outcomes: Green Growth Planning & Implementation (GGP&I), Knowledge Development & Management (KDM), and Public-Private Cooperation (PPC).

    Funding: Funds are given by Contributing members. Contributing members are defined as Member countries that make a multi-year financial contribution of core funding of no less than USD 15 million over three years. Participating members are defined as Member countries that are not contributing members.

    India specific trivia:

    GGGI has been working in India to promote green growth and sustainable development since 2013.

    GGGI has worked at national, state, and city levels to develop and implement green growth strategies that reconcile short-term priorities with long-term vision of higher economic growth, environmental sustainability, and social inclusion

    At the state level, GGGI worked closely with the governments of Karnataka, Himachal Pradesh (HP), and Punjab to develop comprehensive green growth strategies together with each.

    GGGI also supported each of the three state governments in adopting integrated analytical approaches to assess green growth challenges and prioritize opportunities across key sectors, including energy, water, agriculture, and forestry

    Building on these strategies, in 2015, GGGI supported the state governments in implementing specific green growth opportunities by formulating detailed project proposals, policy implementation roadmaps, and capacity building initiatives.

    KIMO (Local Authorities International Environmental Organisation)

    Established When and by Whom: KIMO was founded in August 1990 by four municipalities and from this modest start has grown in size to represent over 70 members in Belgium, Denmark, The Faroe Islands, Germany, The Netherlands, Sweden and the United Kingdom.

    Headquarter: Esbjerg, Denmark

    Key Functions:

    • KIMO is committed to the development of sustainable coastal communities by:
    • Preventing pollution of the seas and coastal waters of North-Western Europe and preserving, improving and enhancing them for future generations
    • Protecting coastal communities from the impacts of marine pollution and climate change.
    • Representing its member local authorities and associated members at an international and national level.

    Intergovernmental Panel on Climate Change (IPCC)

    Established When and by Whom:   It was first established in 1988 by two United Nations organizations, the World Meteorological Organization (WMO) and the United Nations Environment Programme (UNEP), and later endorsed by the United Nations General Assembly.

    Headquarter: Geneva, Switzerland

    Key Functions:

    • The IPCC produces reports that support the United Nations Framework Convention on Climate Change (UNFCCC).
    • IPCC reports cover all relevant information to understand the risk of human-induced climate change, its potential impacts and options for adaptation and mitigation.
    • The IPCC does not carry out its own original research.
    • Thousands of scientists and other experts contribute on a voluntary basis.
    • The 2007 Nobel Peace Prize was shared, in two equal parts, between the IPCC and an American Environmentalist.

    The aims of the IPCC are to assess scientific information relevant to:

    1. Human-induced climate change,
    2. The impacts of human-induced climate change,
    3. Options for adaptation and mitigation.

    Funding: The IPCC receives funding through the IPCC Trust Fund, established in 1989 by the United Nations Environment Programme (UNEP) and the World Meteorological Organization (WMO).

    India specific trivia: India will have its own climate change models to project the impact of global warming over the decades and these will form part of the forthcoming Sixth Intergovernmental Panel on Climate Change Reports that is expected to be available in 2020.

    International Union for Conservation of Nature (IUCN)

    Established When and by Whom: The International Union for Conservation of Nature (IUCN) is the world’s oldest and largest global environmental organisation.

    Founded in 1948, today IUCN the largest professional global conservation network. IUCN has more than 1,200 member organizations including 200+ government and 900+ non-government organizations.

    Headquarter: The Union’s headquarters are located in Gland, near Geneva, in Switzerland.

    Key Functions: Conserving biodiversity is central to the mission of IUCN. The main areas of function are:

    1. Science  – the IUCN Red List of Threatened Species™.
    2. Action – hundreds of conservation projects all over the world.
    3. Influence – through the collective strength of more than 1,200 government and non-governmental Member organizations.

    Funding:  Funded by governments, bilateral and multilateral agencies, foundations, member organisations and corporations.

    More about the IUCN

    Governance by a Council elected by member organizations every four years at the IUCN World Conservation Congress.

    Observer Status at the United Nations General Assembly.

    India specific trivia:

    • India became a State Member of IUCN in 1969, through the Ministry of Environment, Forest and Climate Change (MoEFCC).
    • The IUCN India Country Office was established in 2007 in New Delhi.
    • IUCN India works with Members and Commissions to reduce ecosystem and species loss by providing the necessary tools and knowledge to value, conserve and use biodiversity sustainability; enhance governance and policy for better management of ecosystems and habitats, including protected areas; and address challenges related to poverty alleviation, food security and climate change.

    United Nations Environment Programme (UNEP)

    Established When and by Whom: It was founded as a result of the UN Conference on the Human Environment (Stockholm Conference) in 1972

    Headquarter: Nairobi, Kenya

    Key Functions:

    • It coordinates UN’s environmental activities, assisting developing countries in implementing environmentally sound policies and practices.
    • Its activities cover a wide range of issues regarding the atmosphere, marine and terrestrial ecosystems, environmental governance and green economy.
    • UNEP has also been active in funding and implementing environment related development projects
    • UNEP has aided in the formulation of guidelines and treaties on issues such as the international trade in potentially harmful chemicals, transboundary air pollution, and contamination of international waterways
    • UNEP is also one of several Implementing Agencies for the Global Environment Facility (GEF) and the Multilateral Fund for the Implementation of the Montreal Protocol
    • The International Cyanide Management Code, a program of best practice for the chemical’s use at gold mining operations, was developed under UNEP’s aegis.

    Funding:  The three main sources of funding of UN Environment are the UN Regular Budget, the Environment Fund, the core funding that enables UN Environment to implement its global and regional work, and Earmarked Contributions.

    India specific trivia: UN Environment has sponsored the development of solar loan programs, with attractive return rates, to buffer the initial deployment costs and entice consumers to consider and purchase solar PV systems.

    The most famous example is the solar loan program sponsored by UN Environment helped 100,000 people finance solar power systems in India.

    Success in India’s solar program has led to similar projects in other parts of the developing world like Tunisia, Morocco, Indonesia and Mexico.

    World Nature Organization (WNO)

    Established When and by Whom:  WNO initiative was born in 2010 by states which are threatened by rising sea levels. The WNO Treaty officially entered into force on 1st May 2014.

    Location : Geneva

    Key Functions:

    • It is an intergovernmental organisation which promotes global environmental protection.
    • WNO acts as a centre of competence for environmental protection, green technologies and sustainability, and as a mediator and initiator, making available experience of practical applications and strategies, offering support on all issues related to responsible conduct as regards the natural environment and its resources and assisting States to benefit from efficient development and from scientific and technology transfer.
    • The World Nature Organization  promotes sustainable conduct as regards the natural environment, together with new, environments-friendly technologies, green economies and renewable energies.

    India specific trivia: India is not a member

    World Food Programme

    Established When and by Whom:  The WFP was formally established in 1963 by the FAO and the United Nations General Assembly.

    Headquarter: Rome

    Key Functions:

    • The WFP strives to eradicate hunger and malnutrition, with the ultimate goal in mind of eliminating the need for food aid itself.
    • WFP’s efforts focus on emergency assistance, relief and rehabilitation, development aid and special operations.
    • WFP food aid is also directed to fight micronutrient deficiencies, reduce child mortality, improve maternal health, and combat disease, including HIV and AIDS.
    • WFP has coordinated the five-year Purchase for Progress (P4P) pilot project which assists smallholder farmers by offering them opportunities to access agricultural markets and to become competitive players in the marketplace.

    Funding:  The WFP operations are funded by voluntary donations from world governments, corporations and private donors

    India specific trivia: The World Food Programme has been working in India for over 50 years. In line with the developments in India, WFP has realigned its focus from a food aid provider to a catalytic partner to the Government of India, strengthening food-based social safety nets.

    International Whaling Organization

    Established When and by Whom:  The IWC was set up under the International Convention for the Regulation of Whaling which was signed in Washington DC on 2nd December 1946.

    Headquarter:

    Key Functions:

    • The preamble to the Convention states that its purpose is to provide for the proper conservation of whale stocks and thus make possible the orderly development of the whaling industry.
    • An integral part of the Convention is its legally binding ‘Schedule.’  The Schedule sets out specific measures that the IWC has collectively decided are necessary in order to regulate whaling and conserve whale stocks.
    • These measures include catch limits (which may be zero as it the case for commercial whaling) by species and area, designating specified areas as whale sanctuaries, protection of calves and females accompanied by calves, and restrictions on hunting methods. Unlike the Convention, the Schedule can be amended and updated when the Commission meets (a change requires at least three quarters majority agreement).
    • There are a number of reasons why changes to the Schedule may be necessary.  These include new information from the Scientific Committee, and variations in the requirements of aboriginal subsistence whalers.
    • The Commission also co-ordinates and, in several cases, funds conservation work on many species of cetacean. In addition to research, this includes building an international entanglement response capacity, working to prevent ship strikes, and establishment of Conservation Management Plans for key species and populations.
    • The Commission has also adopted a Strategic Plan for Whalewatching to facilitate the further development of this activity in a way which is responsible and consistent with international best practice.

    Funding:  Financial contributions from member governments form the IWC’s core income, but additional voluntary donations to support particular work programmes are generously made by non-governmental organisations (NGOs), industry bodies, and also by member governments.

    India specific trivia: India is a Member

    Bio-carbon Fund initiative

    Established When and by Whom:  The BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) is a multilateral fund, supported by donor governments and managed by the World Bank. It is has been operational from 2013.

    Headquarter: USA

    Key Functions:

    • It seeks to promote reduced greenhouse gas emissions from the land sector, from deforestation and forest degradation in developing countries (REDD+), and from sustainable agriculture, as well as smarter land-use planning, policies and practices.
    • The initiative will be managed by the BioCarbon Fund, a public-private program housed within the World Bank that mobilizes finance for activities that sequester or conserve carbon emissions in forest and agricultural systems.
    • The new Initiative for Sustainable Forest Landscapes seeks to scale up land-management practices across large landscapes, including improved livestock management, climate-smart agriculture, and sustainable forest management, with a focus on protecting forests and greening and securing supply chains.
    • It will engage a broader range of actors, including the private sector, initially through a portfolio of four to six programs in Africa, Asia, and Latin America.

    Funding: Norway, the United Kingdom, and the United States together committed $280 million – up to $135 million from Norway, $120 million from the U.K, and $25 million from the U.S. – as part of their efforts to slow climate change.

    Arctic Council

    Established When and by Whom: The Arctic Council was founded on the initiative of the Government of Finland in September 1989 where officials from the 8 Arctic Countries met in Rovaniemi, Finland, to discuss cooperative measures to protect the Arctic environment.

    Headquarter: The location of the Secretariat was rotated biennially with the Chairmanship of the Arctic Council.

    Key Functions:

    The Arctic Council is an intergovernmental forum promoting cooperation, coordination, and interaction among the Arctic States, Arctic indigenous communities and other Arctic inhabitants on common Arctic issues, in particular on issues of sustainable development and environmental protection in the Arctic.

    The main focus areas of the Arctic Council are:

    1. The Environment and climate change
    2. Bio-diversity
    3. Oceans
    4. The indigenous Arctic peoples

    Funding: By member states

    India specific trivia: India is an Observer State

    Samanvaya: Free 1-to-1 mentorship for UPSC IAS

    Fill up this form to schedule a free on-call discussion with senior mentor from Civilsdaily. Once submitted we will call you within 24 hours.

    Civilsdaily Samanvaya 1-On-1 Mentorship Form

    Field will not be visible to web visitor
    Yes I want Mentorship

  • Last Minute Revision for UPSC 2021 Prelims through audio by Pranav Sir | Over 300 minutes of focused revision material | Listen anytime and revise

    Last Minute Revision for UPSC 2021 Prelims through audio by Pranav Sir | Over 300 minutes of focused revision material | Listen anytime and revise

    Dear aspirants,

    We have launched an audio course for your last-minute revision before the exam. The audio course contains over 300 minutes of the most important topics from which the questions are expected in this year’s exam. The course is designed to help you revise the most important topics quickly and score more in the exam. It contains all the factual information and topics that may be asked in the exam.

    You can listen to the important topics anytime and anywhere and keep learning every minute. Listening to the audio course will also help you remember the topics in detail and improve your retention during the exam.

    The course contains:

    Indian History

    1. Civil-Peasant uprisings
    2. Governor-General of India (1773-1857)
    3. Viceroys of India (1857-1947)
    4. Important historical terms
    5. Important texts in Indian history
    6. Tribal rebellion
    7. Tribes of India

    Art and culture

    1. Important historical sculptures

    Geography

    1. Important straits
    2. National highways
    3. National waterways
    4. Ocean currents
    5. Peninsular rivers
    6. River Indus, Ganga, Brahmaputra

    Space Tech

    ISRO missions and satellites

    Polity

    1. 2 Sets of recent Acts and Bills
    2. 2 Most important Government report and indices

    International Affairs

    6 Most important International Conventions

    Government Schemes and programs

    4 Most Important Government schemes

    Make the most of every minute you have available before the exam and listen to these topics on audio for comprehensive revision.

    Get your last minute revision audio course now (click here)

    About the mentor:

    Pranav sir is an NIT Durgapur alumnus. He has firsthand experience of appearing in UPSC mains twice. He has a good command of General studies papers and a keen interest in politics and international relations. He has previously worked as a manager in a corporate firm.

  • SEBI introduces T+1 Settlement System

    The Capital markets regulator Securities and Exchange Board of India (SEBI) has introduced T+1 settlement cycle for completion of share transactions on optional basis in a move to enhance market liquidity.

    What is T+1 Settlement System?

    • T+1 means that settlements will have to be cleared within one day of the actual transactions taking place.
    • Currently, trades on the Indian stock exchanges are settled in two working days after the transaction is done (T+2).
    • In April 2002, stock exchanges had introduced a T+3 rolling settlement cycle. This was shortened to T+2 from April 1, 2003.

    What has Sebi allowed?

    • SEBI has allowed stock exchanges to start the T+1 system as an option in place of T+2.
    • If it opts for the T+1 settlement cycle for a scrip, the stock exchange will have to mandatorily continue with it for a minimum 6 months.
    • Thereafter, if it intends to switch back to T+2, it will do so by giving one month’s advance notice to the market.
    • Any subsequent switch (from T+1 to T+2 or vice versa) will be subject to a minimum period.
    • A stock exchange may choose to offer the T+1 settlement cycle on any of the scrips, after giving at least one month’s advance notice to all stakeholders, including the public at large.

    Why T+1 settlement?

    • Reduced settlement time: A shortened cycle not only reduces settlement time but also reduces and frees up the capital required to collateralize that risk.
    • Quick settlement: T+1 also reduces the number of outstanding unsettled trades at any instant, and thus decreases the unsettled exposure to Clearing Corporation by 50%.
    • Speedy recovery of assets: The narrower the settlement cycle, the narrower the time window for a counterparty insolvency/bankruptcy to impact the settlement of a trade.
    • Risk reduction: Systemic risk depends on the number of outstanding trades and concentration of risk at critical institutions such as clearing corporations, and becomes critical when the magnitude of outstanding transactions increases.

    How does T+2 work?

    • If an investor sells shares, settlement of the trade takes place in two working days (T+2).
    • The broker who handles the trade will get the money, but will credit the amount in the investor’s account only.
    • In effect, the investor will get the money only after three days.
    • In T+1, settlement of the trade takes place in one working day and the investor will get the money on the following day.
    • The move to T+1 will not require large operational or technical changes by market participants, nor will it cause fragmentation and risk to the core clearance and settlement ecosystem.

    Why are foreign investors opposing it?

    • Foreign investors operating from different geographies would face time zones, information flow process, and foreign exchange problems.
    • Foreign investors will also find it difficult to hedge their net India exposure in dollar terms at the end of the day under the T+1 system.
    • In 2020, SEBI had deferred the plan to halve the trade settlement cycle to one day (T+1) following opposition from foreign investors.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

    Back2Basics: SEBI

    • The SEBI is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance Government of India.
    • It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.

    Jurisdiction of SEBI

    • SEBI has to be responsive to the needs of three groups, which constitute the market:
    1. Issuers of securities
    2. Investors
    3. Market intermediaries

    SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive.

    • It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity.
    • Though this makes it very powerful, there is an appeal process to create accountability.
    • There is a Securities Appellate Tribunal which is a three-member tribunal and is currently headed by Justice Tarun Agarwala, former Chief Justice of the Meghalaya High Court.
    • A second appeal lies directly to the Supreme Court.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • The end of the doing business rankings

    The World Bank Group has scrapped its flagship publication, the ‘Doing Business’ report.

    Doing Business Report

    • This report publishes the influential annual ranking of countries on the Ease of Doing Business (EDB) index.
    • It ranks countries by the simplicity of rules framed for setting up and conducting businesses.

    Utility of the index

    The World Bank’s decision has wide ramifications, as the index serves varied purposes.

    • Many countries showcase improved ranking to signal market-friendly policies to attract foreign investments. National leaders often set EDB rank targets.
    • This helps them measure domestic policies against global “best practices” and browbeat domestic critics.
    • India, for instance, wanted its administration to ensure that India breaks into the top 50 ranks of the EDB index.
    • Some countries seem to use their political heft to improve their rank, polish their international image and sway public opinion (as appears to be China’s case).

    Issues with the credibility of the report

    • The Group acted on its commissioned study to examine the ethical issues flagged in preparing the 2018 and 2020 editions of the EDB index.
    • It is accused of having exerted pressure on the internal team working on the Doing Business report to falsely boost China’s rank by doctoring the underlying data.
    • Similarly, tensions were also reportedly brought to bear in the case of Saudi Arabia’s rank, among others.

    EDB index rank vs economic outcomes

    • There is a disconnect between the stellar rise in EDB index rank and economic outcomes.
    • The theory underlying the EDB index could be suspect, the measurement and data could be faulty, or both.
    • For example, China’s phenomenal economic success, especially its agricultural performance (after the reforms in 1978), is perhaps the most unmistakable evidence demonstrating that lack of clarity of property rights may not be the binding constraint in a market economy.
    • What matters is economic incentives.
    • Measuring regulatory functions underlying the index could be tricky and subjective and possibly politically motivated as well, as the controversies surrounding the index seem to suggest.

    EODB in India: At what cost

    Ans. Weakening labour regulations

    • Closer home, India has weaponised the mandate to improve the rank in the EDB index to whittle down labour laws and their enforcement and bring them close to the free-market ideal of ‘hire and fire’.
    • Most States have emulated Maharashtra’s lead of administrative fiat, which renders labour laws toothless by dismantling official labour inspection systems and allowing employers to file self-regulation reports.
    • The government has farmed out critical safety regulations such as annual inspection and certification of industrial boilers to ‘third party’ private agencies.
    • The Labour Department’s inspection is now not mandated; it is optional only by prior intimation to employers.

    Implications of such moves

    • Such abdication of the government’s responsibility towards workers has reportedly affected industrial relations.
    • The workers’ strike at Wistron’s iPhone assembly factory in Karnataka last year is an example.
    • Further, severe industrial accidents are rising, damaging life and productive industrial assets.

    Why did World Bank scrap the index?

    • Investigations into “data irregularities” in preparing the EDB index, as brought out by the independent agency, seems to confirm many shortcomings repeatedly brought to light for years now.
    • The index appears motivated to support the free-market ideal.
    • It is dressed up under scientific garb and is underpinned by seemingly objective methods and data collection.
    • Strong leaders (and motivated officials) seem to have used their position to manipulate the index to suit their political and ideological ends.

    Conclusion

    • India claimed the success of its Make in India initiative by relying on its ranking on the EDB index without tangible evidence.
    • Handing over law enforcement to employers by self-reporting compliance seems to have increased industrial unrest and accidents.
    • It perhaps calls for honest soul-searching as to what havoc a questionable benchmark can wreak.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • Front-of-pack labelling of Food Stuffs

    Seven years, four committees and two draft regulations later, India still does not have a clear labelling system to warn consumers about harmful levels of fat, salt and sugar in processed foods.

    Context

    • According to the Food Safety and Standards (Packaging and Labelling) Regulations, 2011, every pre-packed processed food product sold in the country must be labelled with nutritional information.
    • To ensure that consumers are able to easily see and interpret the nutritional information on food packets, an expert committee was established by the Food Safety and Standards Authority of India (FSSAI).
    • The committee, set up following an order of the Delhi High Court which was hearing a public interest petition seeking a ban on the sale of junk food in and around schools.

    Why label nutritional information?

    • This helps the consumer know everything about the food they buy and make an informed decision about what and how much to eat.
    • Such information is particularly crucial because the packaged food contain ultra-processed foods that are high in fat, salt or sugar and low in fibre and other essential micronutrients.
    • On the one hand, these foods cause malnutrition.
    • On the other hand they are linked strongly with obesity and diet-related non-communicable diseases, such as Type-2 diabetes, hypertension, heart ailments and certain cancers, like that of the colon.
    • All these increase the risk of premature death.

    Issues with labelling in India

    • Most products provide information in English understanding which can be daunting for a vast number of people in India.

    What is FoP labelling?

    • The front-of-pack (FoP) labelling system has long been listed as one of the global best practices to nudge consumers into healthy food choices.
    • It works just the way cigarette packets are labelled with images to discourage consumption.
    • Countries such as Chile, Brazil and Israel have laws to push the packaged food industry to adopt FoP labelling.
    • They have used FoP labelling as a measure to fight obesity and NCDs.

    FoP labelling in India

    • The system is yet to be implemented in India even seven years after it was first proposed by FSSAI.
    • The fact is, makers of packaged foods are also a powerful lot, with strong business acumen.
    • While companies in other countries have acceded to the FoP labelling laws, they are unwilling to do so in India — a country experiencing a dietary shift.

    Why must we have FoP labels?

    • Countries are working to find ways to nudge consumers into healthy food choices and to contain the growing crisis of obesity and diet-related non-communicable diseases (NCDs).
    • It is a crisis that increasingly impacts children and also exacerbates novel coronavirus disease (COVID-19) symptoms. Front-of-pack (FoP) labelling is definitely an effective tool in this effort.

    India definitely needs ‘warning labels’ on front-of-pack, but this must be a symbol-based label with no text and numbers. This is because:

    (1) Junk foods have high levels of unhealthy nutrients

    • There is strong evidence that sugar, salt and fat in junk foods are addictive, like nicotine in tobacco.
    • FoP ‘warning’ labels have helped reduce cigarette consumption. It is time we adopted the same for junk foods.

    (2) Warning labels are easy to notice and understand

    • They do not confuse consumers with mixed messages.
    • Their distinct shape, colour and size make them noticeable in the otherwise cluttered and colourful packaging.
    • With one label for one nutrient, it becomes easier to know if a product is high in more than one nutrient.

    (3) Warning labels are the global best practice now

    • At least seven countries have adopted warning labels in the past five years. These include Chile, Peru, Mexico, Israel and Uruguay.
    • Low- and middle-income mothers have shown profound changes in attitudes towards food purchases as they now understand the nutritional content of packaged foods.
    • Even children can read the labels and take an informed decision. This has also forced food companies to reduce the amount of sugar and sodium in foods and beverages.

    (4) They are best suited for India

    • Warning labels are best suited for India as they do not include numbers unlike many other FoP labels.
    • In fact, warning labels that are symbol-based, like that of Israel, can transcend the barriers of literacy and language in India.

    (5) FSSAI has experience of successfully implementing symbol-based FoP labels

    • Its “green filled circle in green outlined square” logo to depict vegetarian food has been hugely successful in informing consumers.
    • In recent years, FSSAI also has made similar laws to depict fortification (+F logo) and organic food (a green-coloured tick for Jaivik Bharat logo).

    Way forward

    • FoP labels must include information on nutrients that make food injurious to health.
    • This should be distinct from the details on the back-of-pack. FoP labels should aim to inform the consumer, while the back-of-pack label serves the purpose of scientific compliance and enforcement.
    • FoP labels should have information on ‘total sugar’ and not ‘added sugar’. There is no analytical laboratory method to differentiate ‘added sugar’ from total sugar and quantify it.

     

  • India scores 46th rank in the Global Innovation Index 2021

    India has climbed 2 spots and has been ranked 46th by the World Intellectual Property Organization in the Global Innovation Index 2021 rankings.

    Global Innovation Index

    • The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation.
    • It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organizations and institutions.
    • It is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.
    • The index was started in 2007 by INSEAD and World Business, a British magazine. It was created by Prof. Soumitra Dutta.

    Components of GII

    • The GII is computed by taking a simple average of the scores in two sub-indices, the Innovation Input Index and Innovation Output Index, which are composed of five and two pillars respectively.

    India’s performance

    • India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 46 in 2021.
    • India attributed its improved performance due to the pivotal role played by the Department of Atomic Energy, the Department of Science and Technology, the Department of Biotechnology and the Department of Space.

    Global scenario

    • Switzerland topped the league table, followed by Sweden, the US and the UK.
    • Among Asian economies, South Korea jumped to the fifth position, up from 10 last year.
    • China was in the 12th position.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • What is Vishnuonyx?

    Between 12.5 million and 14 million years ago, members of a genus of otters called Vishnuonyx lived in the major rivers of southern Asia.

    Vishnuonyx neptuni

    • Vishnuonyx were mid-sized predators that weighed, on average, 10-15 kg.
    • Before this, the genus was known only in Asia and Africa (recent findings show that Vishnuonyx reached East Africa about 12 million years ago, according to the release).
    • Vishnuonyx depended on water and could not travel long distances over land.

    Why in news?

    • German researchers have discovered the fossil of a previously unknown species, which they have named Vishnuonyx neptuni, meaning ‘Neptune’s Vishnu’.
    • Fossils of these now extinct otters were first discovered in sediments found in the foothills of the Himalayas.
    • Now, a newly found fossil indicates it had travelled as far as Germany. ‘
    • The dispersal of Vishnuonyx otters from the Indian subcontinent to Africa and Europe about 13 million years ago. ‘
    • This is the first discovery of any member of the Vishnuonyx genus in Europe; it is also its most northern and western record till date.

    How did it travel as far as Europe?

    • According to the researchers, its travels over 6,000 km were probably made possible by the geography of 12 million years ago, when the Alps were recently formed.
    • These Alps and the Iranian Elbrus Mountains were separated by a large ocean basin, which would have made it easier for the otters to cross it.
    • Researchers believe ‘Neptune’s Vishnu’ first reached southern Germany, followed by Ancient Guenz and eventually, the Hammerschmiede.

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

  • Species in news: Sea Cucumber

    In a swift operation, the Indian Coast Guard (ICG) at Mandapam, Tamil Nadu seized two tonnes of sea cucumber, a banned marine species.

    Sea Cucumbers

    • Sea cucumbers are part of a larger animal group called echinoderms, which also contains starfish and sea urchins.
    • Their body shape is similar to a cucumber, but they have small tentacle-like tube feet that are used for locomotion and feeding.
    • One way that sea cucumbers can confuse or harm predators is by propelling their own toxic internal organs from their bodies in the direction of an attacker.
    • The organs grow back, and it may save them from being eaten.
    • They are found in virtually all marine environments throughout the world, from shallow to deep-sea environments.
    • They are benthic, meaning they live on the ocean floor. However, their larvae are planktonic, meaning they float in the ocean with the currents.

    Conservation status

    • Sea cucumber in India is treated as an endangered species listed under schedule I of Wildlife Protection Act of 1972.
    • It is primarily smuggled from Tamil Nadu to Sri Lanka in fishing vessels from Ramanathapuram and Tuticorin districts.

    (IUCN status is not available for this species)

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

More posts