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  • New IT Rules 2021

    The article highlights the issues with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.

    Important provision made in the IT Rules 2021

    • The Rules mandate duties such as removal of non-consensual intimate pictures within 24 hours.
    • The rules also mandates publication of compliance reports to increase transparency.
    • Rules provides for setting up of a dispute resolution mechanism for content removal.
    • It provides for adding a label to information for users to know whether content is advertised, owned, sponsored or exclusively controlled.

    Issues with the rules

    1) Affects right to free speech and expression

    • The Supreme Court, in the case of Life Insurance Corpn. Of India vs Prof. Manubhai D. Shah (1992) had elevated ‘the freedom to circulate one’s views as the lifeline of any democratic institution’.
    • So, the rules need to be critically scrutinised for the recent barriers being imposed by it.

    2) Violation of legal principles

    • The rules were framed by the Ministry of Electronics and Information Technology (MeiTY).
    • However, the Second Schedule of the Business Rules, 1961 does not empower MeiTY to frame regulations for digital media.
    • This power belongs to the Ministry of Information and Broadcasting.
    • This action violates the legal principle of ‘colourable legislation’ where the legislature cannot do something indirectly if it is not possible to do so directly.
    • Moreover, the Information Technology Act, 2000, does not regulate digital media.
    • Therefore, the new IT Rules which claim to be a piece of subordinate legislation of the IT Act, goes beyond the rule-making power conferred upon them by the IT Act.
    • This makes the Rules ultra vires to the Act.

    3) Deprives the fair recourse to intermediary

    • An intermediary is now supposed to take down content within 36 hours upon receiving orders from the Government.
    • This deprives the intermediary of a fair recourse in the event that it disagrees with the Government’s order due to a strict timeline.

    4) Privacy violation

    • These Rules undermine the right to privacy by imposing a traceability requirement.
    • The immunity that users received from end-to-end encryption was that intermediaries did not have access to the contents of their messages.
    • Imposing this mandatory requirement of traceability will break this immunity, thereby weakening the security of the privacy of these conversations.
    • This will also render all the data from these conversations vulnerable to attack from ill-intentioned third parties.
    • The threat here is not only one of privacy but to the extent of invasion and deprivation from a safe space.
    • Recent data breach affecting a popular pizza delivery chain and also several airlines highlights the risks involved in such move in the absence of data protection law.
    • Instead of eliminate the fake news, the Rules proceed to hurriedly to take down whatever authority may deem as “fake news”.

    5) Operational cost

    • The Rules create additional operational costs for intermediaries by requiring them to have Indian resident nodal officers, compliance officers and grievance officers.
    • Intermediaries are also required to have offices located in India.
    • This makes profit making a far-fetched goal for multinational corporations and start-up intermediary enterprises.
    • Therefore, not only do these Rules place a barrier on the “marketplace of ideas” but also on the economic market of intermediaries in general by adding redundant financial burdens.

    Consider the question “What are the challenges associated with the social media? How the  Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 will help is dealing with these challenges? What are the issues with these rules?”

    Conclusion

    Democracy stands undermined in direct proportion to every attack made on the citizen’s right. The IT Rules 2021 have tilt towards violation of rights. Therefore, these rules need reconsideration.

  • Species In News

     
    27th May 2021

    Balsams of Eastern Himalayas

    • Consisting of both annual and perennial herbs, balsams
      are succulent plants with high endemism.
    • Because of their bright beautiful flowers, these groups of
      plants are of prized horticultural significance.
    • The details of the new species, including several new
      records, have been highlighted in the book, recently published by the Botanical Survey of India.
    • Of the 83 species described, 45 are from Arunachal Pradesh,
      24 from Sikkim and 16 species common to both states.
    Threats:
    • Prior to 2010, specimens of Impatiens that had potential
      of being identified as new species would be collected but
      the dried-up specimens looked identical to the species
      discovered earlier and their effort yielded no results.
    • Other than high endemism, what sets Impatiens apart is
      their sensitivity to climate change.
    • Most of the species of Impatiens cannot endure persistent
      drought or extended exposure to direct sunlight.
    • As a result Impatiens species are typically confined
      to stream margins, moist roadsides, waterside boulders, near waterfalls and wet forests.

    Miracle Plant Arogyapacha

    • This ‘miracle plant’ is known for its traditional use by the
      Kani tribal community to combat fatigue.
    • Studies have also proved its varied spectrum of pharmacological properties such as anti-oxidant, aphrodisiac, anti-microbial, anti-inflammatory, immunomodulatory, anti-tumour, anti-ulcer, anti-hyperlipidemic, hepatoprotective and anti-diabetic.

    Dracaena Cambodiana: India’s first dragon blood-oozing tree

    • A group of researchers has discovered Dracaena cambodiana, a dragon tree species in the Dongka Sarpo area of West Karbi Anglong, Assam.
    •  This is the first time that a dragon tree species has been
      reported from India.
    • In India, the Dracaena genus belonging to the family Asparagaceae is represented by nine species and two varieties in the Himalayan region, the northeast and Andaman and Nicobar Islands.
    • But Dracaena cambodiana is the only true dragon tree species.
    • The Dracaena seeds are usually dispersed by birds. But due
      to the large fruit size, only a few species of birds are able
      to swallow the fruits, thus limiting the scope of its nature
      conservation.

    7 New Species Of Insects That Can Walk On Water Discovered

    • The newly described species belong to the genus Mesovelia
      whose size ranges from 1.5 mm to 4.5 mm and are equipped
      with hydrophobic setae (bristles) on their legs.
    • The combination of hydrophobic setae and water surface
      tension prevents them from sinking.
    • The insects are pale green with silver-white wings with
      black veins on the basal half which make them stand out
      over the green mat of aquatic weeds.
    • Among the new discoveries, Mesovelia andamana is from
      Andaman Islands, bispinosa and M. isiasi are from Meghalaya, M. occulta and M. tenuia from Tamil Nadu and M.brevia and M. dilatata live both in Meghalaya and Tamil Nadu.

    Evolution

    •  These bugs are hemimetabolous insects without having
      larval stage i.e., they go from egg to nymph to adult.
    • They are found on freshwater bodies such as ponds, lakes,
      pools, streams, rocks with moss and sometimes on estuaries.
    • These bugs serve as predators and scavengers (feed on
      midges, water fleas, feed on dead and dying mosquitoes),
      thereby removing organic waste and also providing a natural sanitation service.
    • The females of Mesovelia are larger than males and dig
      several holes on plants and insert eggs in plant tissues with
      a specially adapted long serrated ovipositor (genital organ).

    Emperor Penguin Colony In Antarctica Vanishes

    • The emperor penguin (Aptenodytes forsteri) is the tallest
      and heaviest of all living penguin species and is endemic
      to Antarctica.
    • Like all penguins, it is flightless, with a streamlined body,
      and wings stiffened and flattened into flippers for a marine habitat.
    • Its diet consists primarily of fish, but also includes crustaceans, such as krill, and cephalopods, such as squid.
    • The only penguin species that breeds during the Antarctic winter, emperor penguins trek 50–120 km over the ice to breeding colonies which can contain up to several thousand individuals.
    • In 2012 the emperor penguin was uplisted from a species of least concern to near threatened by the IUCN.

    Arctic Kelp Forests

    • Kelp is a type of large brown seaweed that grows in shal-low, nutrient-rich saltwater, near coastal fronts around the world.
    • They occur on rocky coasts throughout the Arctic.
    • Kelp is a type of large brown seaweed that grows in shallow, nutrient-rich saltwater, near coastal fronts around the world.
    • They occur on rocky coasts throughout the Arctic.
    • The longest kelp recorded in the Arctic in Canada was
      15 metres, and the deepest was found at 60-metre depth
      (Disko Bay, Greenland).
    • Kelps function underwater in the same way trees do on land.
      They create habitat and modify the physical environment by shading light and softening waves.
    • The underwater forests that Kelps create are used by many
      animals for shelter and food.More than 350 different species – up to 100,000 small invertebrates – can live on a single kelp plant, and many fish, birds and mammals depend on the whole forest.
    • Kelp forests also help protect coastlines by decreasing the
      power of waves during storms and reducing coastal erosion.

    Neelakurinji Blossom

    • Kurinji or Neelakurinji (Strobilanthes kunthianus) is a shrub that is found in the shola forests of the Western Ghats in South India
    • Nilgiri Hills, which literally means the blue mountains, got their name from the purplish-blue flowers of Neelakurinji that blossoms only once in 12 years.
    • It is the most rigorously demonstrated, with documented bloomings in 1838, 1850, 1862, 1874, 1886, 1898, 1910, 1922, 1934, 1946, 1958, 1970, 1982, 1994, 2006 and 2018
    • Some Kurinji flowers bloom once every seven years, and then die. Their seeds subsequently sprout and continue the cycle of life and death.

    Kashmir Stag (Hangul)

     

    • Hangul, the state animal of Jammu & Kashmir, is restricted to the Dachigam National Park some 15 km north-west of Jammu & Kashmir summer capital Srinagar.
    • The Hangul is placed under Schedule I of the Indian Wildlife (Protection) Act, 1972 and the J&K Wildlife Protection Act, 1978.
    • The Hangul was once widely distributed in the mountains of Kashmir and parts of Chamba district in neighbouring Himachal Pradesh.
    • The IUCN’s Red List has classified it as Critically Endan-gered and is similarly listed under the Species Recovery Programme of the Wildlife Institute of India (WII) and the Environmental Information System (ENVIS) of the MoEFCC.
    • From a population of 5,000 in the early 1900s, the Hangul’s numbers have constantly declined over the decades.
    • The Hangul is considered equally significant to the state of Jammu & Kashmir as the tiger is to the whole of India.
    • The Paliyan tribal people living in Tamil Nadu used it as a reference to calculate their age.
    • It is the only Asiatic survivor or subspecies of the European red deer.
    • But the state animal’s decreasing population remains a big concern.
    • According to the latest survey in 2017, the population of Hangul is 182 in Dachigam and adjoining areas. Earlier population estimates suggest that there were 197 deer in 2004 and 186 in 2015. T
    • The IUCN Red Data Book — which contains lists of species at risk of extinction — has declared the Hangul as one of three species that were critically endangered in J&K.
    • The other two are the Markhor — the world’s largest species of wild goat found in Kashmir and several regions of central Asia — and the Tibetan antelope or ‘Chiru’.

    Great Indian Bustard

    • The Great Indian Bustard (GIB) is one of the few species that the Government of India has included in its ‘recovery programme for critically endangered species’.
    • With less than 200 GIBs remaining in the world, most of them were found in Rajasthan’s ‘Desert National Park’. We are on the brink of forever losing a majestic bird species, which was once a strong contender to be declared as India’s National Bird.
    • Habitat: Arid and semi-arid grasslands, open country with thorn scrub, tall grass interspersed with cultivation.
    • It avoids irrigated areas. It is endemic to Indian Sub-continent. found in central India, westem India and eastern Pakistan.
    • Currently, it is found in only six states in the country Madhya Pradesh, Gujarat, Maharashtra, Andhra Pradesh, Rajasthan and Karnataka. Protection: Listed in Schedule I of the Wildlife (Protection) Act, 1972 and Critically Endangered on the IUCN Red List.
    • It is also listed in Appendix I of CITES and covered under CMS or Bonn Convention.
    • Bustard Species Found in India: Great Indian Bustard, the Lesser Florican and the Bengal Florican; Houbara also belong to Bustard family but it’s a migratory species.
    • Importance to Ecosystem: GIB is an indicator species for grassland habitats and its gradual disappearance from such environments shows their deterioration. Once the species is lost. there will be no other species to replace it, and that will destabilise the ecosystem of the grassland and affect critical bio-diversities, as well as blackbucks and wolves, who share their habitat with the GIB.
    • Consemation Steps: Great Indian Bustard, popularly known as ‘Godawan is Rajasthan’s state bird. The state government has started “Project Godawan” for its conservation at Desert National Park (DNP) in Jaisalmer. It’s one of the Spades for The Recovery Programme under the Integrated Development of  Wildlife Habitats of the Ministry of Environment and Forests.

    Tasmanian Tiger

    • The Tasmanian tiger or thylacine (a dog headed pouched dog) was an exclusively carnivorous marsupial that is considered to be extinct.
    • It has resemblance to a dog, with its distinguishing features being the dark stripes beginning at the rear of its body and extending into its tail, its stiff tail and abdominal pouch.
    • The last known thylacine died in captivity over 80 years ago, in Tasmania’s Hobart Zoo in 1936.
    • It may also be the only mammal to have become extinct in Tasmania since the European settlement.

    Adratiklit boulahfa

    • Named Adratiklit boulahfa, it is also the first stegosaurus to be found in North Africa.
    • Its remains were discovered in the Middle Atlas Mountains of Morocco.
    • The scientists believe it is not only a new species but also belongs to a new genus.
    • The name is derived from the words used by the Berber (an ethnic group indigenous to North Africa) for mountains (Adras), lizard (tiklit) and and the area where the specimen was found. (Boulahfa).

     


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  • Odisha’s blackbucks double in 6 years

    Odisha’s blackbuck population has doubled in the last six years, according to figures from the latest population census.

    Blackbucks in Odisha

    • Blackbucks are found only in the Ganjam district in the southern part of the state, which is where the census was carried out.
    • It is known in Odisha and Ganjam as Krushnasara Mruga.
    • The people of Ganjam believe the sighting of a blackbuck in a paddy field is a harbinger of luck for them.
    • It used to be sighted in the Balukhand-Konark Wildlife Sanctuary in Puri district till 2012-13, but now has vanished from the area.
    • The blackbuck is a Schedule-1 animal according to the Wild Life (Protection) Act, 1972 (amended in 1992) and is considered as ‘Vulnerable’ according to the Red Data Book.

    Reasons for their rise

    • Improvement of habitats, the protection given by the local people and forest staff were some of the reasons for the increase of the population.
    • The people of Ganjam had been enthusiastically protecting the animal like the Bishnois of western Rajasthan and the Vala Rajputs of Saurashtra.

    Answer this PYQ:

    Q.With reference to ‘Eco-Sensitive Zones’, which of the following statements is/are correct?

    1. Eco-Sensitive Zones are the areas that are declared under the Wildlife (Protection) Act, 1972.
    2. The purpose of the declaration of Eco-Sensitive Zones is to prohibit all kinds of human activities, in those zones except agriculture.

    Select the correct answer using the code given below:

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2


    Back2Basics: Wildlife (Protection) Act, 1972

    • WPA provides for the protection of the country’s wild animals, birds, and plant species, in order to ensure environmental and ecological security.
    • It provides for the protection of a listed species of animals, birds, and plants, and also for the establishment of a network of ecologically important protected areas in the country.
    • It provides for various types of protected areas such as Wildlife Sanctuaries, National Parks, etc.
    • There are six schedules provided in the WPA for the protection of wildlife species which can be concisely summarized as under:
    Schedule I: These species need rigorous protection and therefore, the harshest penalties for violation of the law are for species under this Schedule.
    Schedule II: Animals under this list are accorded high protection. They cannot be hunted except under threat to human life.
    Schedule III & IV: This list is for species that are not endangered. This includes protected species but the penalty for any violation is less compared to the first two schedules.
    Schedule V: This schedule contains animals which can be hunted.
    Schedule VI: This list contains plants that are forbidden from cultivation.

     

  • Addressing vaccine hesitancy

    The article deals with the issue of vaccine hesitancy and its consequences.

    Why vaccinate?

    • The primary purpose of vaccination is to protect individuals against severe infection.
    • Vaccination also protects populations by providing ‘herd immunity’, if done on a large scale.
    • Globally, vaccinations against polio, small pox, meningitis and so on have seen huge success.

    Need to address the vaccine hesitancy

    • The results of a 2020 Gallup poll, conducted before the vaccine roll-out reveals that 18% of the Indian said that they won’t take the vaccine.
    • But vaccine hesitancy has gone up in India since then, due in part to largely overblown reports of complications or even deaths.
    • The consequences of vaccine hesitancy are disastrous.
    • If herd immunity does not develop, disease outbreaks and pandemics will prevail.
    • The slower the vaccination rate, the wider the spread of infection and the greater the chances of mutations and the emergence of new variants.

    Factors driving vaccine hesitancy

    • The influencing factors include a lack of awareness of the extent of benefits.
    • Fears based on inaccurate information.
    • Lack of access to vaccine.
    • Disinformation, especially on social media.
    • Other factors include civil liberty concepts, cost, cultural issues, and various layers of confidence deficit.

    Way forward

    • To allay vaccine fears, our messaging needs to focus on simple facts.
    • Before attempting to persuade people, we need to understand the basis of their fear, hesitancy and the anti-vax attitude.
    •  By challenging untruths, we inadvertently feed the perception that we are actively suppressing the “real” truth.
    • The objective now should be to reach more people faster with a message that doesn’t just provide more science but includes guidance.
    • Providing practical information through social media, alternatives to apps for those lacking easy access to vaccines, and taking the help of well-informed frontline workers will all help.

    Conclusion

    The possibility of a significant number of people not getting vaccinated thwarts our collective ability to reach the herd immunity threshold against Covid-19. Therefore the issue of vaccine hesitancy needs to be urgently addressed.

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  • Currency swap between Bangladesh and Sri Lanka

    Bangladesh’s central bank has approved a $200 million currency swap facility to Sri Lanka.

    Practice question for mains:

    Q. What are Currency Swaps? Discuss the efficacy of Currency Swap Agreements for liberalizing bilateral trade.

    What is a Currency Swap?

    • In this context, a currency swap is effectively a loan that Bangladesh will give to Sri Lanka in dollars, with an agreement that the debt will be repaid with interest in Sri Lankan rupees.
    • For Sri Lanka, this is cheaper than borrowing from the market, and a lifeline as is it struggles to maintain adequate forex reserves even as repayment of its external debts looms.
    • The period of the currency swap will be specified in the agreement.

    A helping hand for SL

    • Bangladesh Bank, the central bank, has in principle approved a $200 million currency swap agreement with Sri Lanka.
    • Dhaka decided to extend the facility after a request by Sri Lankan PM Mahinda Rajapaksa to Bangladesh’s PM Sheikh Hasina.
    • It will help Colombo tide over its foreign exchange crisis, according to media reports from Bangladesh, quoting the bank’s spokesman.
    • Sri Lanka, staring at an external debt repayment schedule of $4.05 million this year, is in urgent need of foreign exchange.

    An unusual move

    • Bangladesh has not been viewed so far as a provider of financial assistance to other countries.
    • It has been among the most impoverished countries of the world, and still receives billions of dollars in financial aid.
    • But over the last two decades, its economy has pulled itself up literally by the bootstraps, and in 2020, was the fastest growing in South Asia.
    • Bangladesh’s economy grew by 5.2 percent in 2020 and is expected to grow by 6.8 percent in 2021.
    • The country has managed to pull millions out of poverty. Its per capita income just overtook India’s.

    A break in monopoly

    • This may be the first time that Bangladesh is extending a helping hand to another country, so this is a landmark of sorts.
    • It is also the first time that Sri Lanka is borrowing from a SAARC country other than India.
    • The presumption was that only India, as the regional group’s largest economy, could do this.
    • The Bangladesh-Sri Lanka arrangement shows that is no longer valid.

    Why didn’t SL approach India?

    • Last year, it requested for a $1 billion credit swap, and separately, a moratorium on debts that the country has to repay to India.
    • But India-Sri Lanka relations have been tense over Colombo’s decision to cancel a valued container terminal project at Colombo Port.
    • India put off the decision, but Colombo no longer has the luxury of time.

    Is SL in a crisis?

    • With the tourism industry destroyed since the 2019 Easter attacks, Sri Lanka had lost one of its top foreign exchange pullers even before the pandemic.
    • The tea and garment industries have also been hit by the pandemic affecting exports.
    • Remittances increased in 2020, but are not sufficient to pull Sri Lanka out of its crisis.
    • The country is already deep in debt to China. According to media reports, Sri Lanka owes China up to $5 billion.

    What about the previous swap facility that India gave Sri Lanka?

    • Last July, the RBI did extend a $400 million credit swap facility to Sri Lanka, which the Central Bank of Sri Lanka settled in February. The arrangement was not extended.
    • RBI has a framework under which it can offer credit swap facilities to SAARC countries within an overall corpus of $2 billion.
    • According to RBI, the SAARC currency swap facility came into operation in November 2012 with the aim of providing to smaller countries in the region.
  • IBF to cover Streaming Platforms

    The Indian Broadcasting Foundation (IBF), the apex body of broadcasters, is expanding its purview to cover digital streaming platforms and will be renamed the Indian Broadcasting and Digital Foundation (IBDF).

    Why such a move?

    • The move would bring broadcasters and OTT (over-the-top) platforms, which have seen a substantial jump in their viewership base after the pandemic, under one roof.
    • For this, the IBDF was in the process of forming a new wholly-owned subsidiary to handle all matters of digital media, an official statement said.
    • The IBDF would also form a self-regulatory body, the Digital Media Content Regulatory Council (DMCRC), for digital OTT platforms.

    Indian Broadcasting Foundation

    • The IBF is a unified representative body of television broadcasters in India.
    • The organization was founded in the year 1999. Over 250 Indian television channels are associated with it.
    • The organization is credited as the spokesman of the Indian Broadcasting Industry.
    • The IBF is the parent organization of the Broadcasting Content Complaints Council (BCCC) which was set up in the year 2011.
    • The BCCC examines content-related complaints relating to all non-news general entertainment channels in India.

    Note: The IBF has no statutory backing.

  • [pib] Bharat Ratna Professor CNR Rao

    Bharat Ratna Professor C.N.R. Rao has received the International Eni Award 2020 for research into renewable energy sources and energy storage, also called the Energy Frontier award.

    Who is CNR Rao?

    • Rao is an Indian chemist who has worked mainly in solid-state and structural chemistry.
    • Rao is one of the world’s foremost solid state and materials chemists. He has contributed to the development of the field over five decades.

    His scientific contributions

    His work on transition metal oxides has led to a basic understanding of novel phenomena and the relationship between materials properties and the structural chemistry of these materials.

    • Rao was one of the earliest to synthesize two-dimensional oxide materials such as La2CuO4.
    • He was one of the first to synthesize 123 cuprates, the first liquid nitrogen-temperature superconductor in 1987. He was also the first to synthesis Y junction carbon nanotubes in the mid-1990s.
    • His work has led to a systematic study of compositionally controlled metal-insulator transitions.
    • Such studies have had a profound impact in application fields such as colossal magnetoresistance and high-temperature superconductivity.
    • He has made immense contributions to nanomaterials over the last two decades, besides his work on hybrid materials.

    Answer this PYQ from CSP 2020 in the comment box:

    Q. With reference to carbon nanotubes, consider the following statements:

    1. They can be used as carriers of drugs and antigens in the human body.
    2. They can be made into artificial blood capillaries for an injured part of the human body.
    3. They can be used in biochemical sensors.
    4. Carbon nanotubes are biodegradable.
    Which of the statements given above are correct?
    (a) 1 and 2 only
    (b) 2, 3, and 4 only
    (c) 1, 3, and 4 only
    (d) 1, 2, 3 and 4

    Citations for the Energy Frontiers award

    • Professor Rao has been working on hydrogen energy as the only source of energy for the benefit of all mankind.
    • Hydrogen storage, photochemical and electrochemical production of hydrogen, solar production of hydrogen, and non-metallic catalysis were the highlights of his work.
    • The EF award has been conferred for his work on metal oxides, carbon nanotubes, and other materials and two-dimensional systems, including graphene, boron-nitrogen-carbon hybrid materials, and molybdenum sulfide (Molybdenite – MoS2) for energy applications and green hydrogen production.
    • Green hydrogen production can be achieved through various processes, including the photodissociation of water, thermal dissociation, and electrolysis activated by electricity produced from solar or wind energy.

    Significance of this award

    • This is considered to be the Nobel Prize in Energy Research.
  • UAE’s Golden Visa Scheme

    A Bollywood actor has recently received a golden visa from the UAE government.

    What is the Golden Visa?

    • The Golden Visa system essentially offers long-term residency (5 and 10 years) to people belonging to the following groups: investors, entrepreneurs, individuals with outstanding talents the likes of researchers, medical professionals and those within the scientific and knowledge fields, and remarkable students.
    • The main benefit of the visa will be security.
    • The UAE government has made it clear that they are committed to providing expatriates, investors and essentially everyone looking to make the UAE their home an extra reason to feel secure about their future.

    Who are eligible to apply?

    • For the 10-year visa, investors having no less than AED (Dirham) 10 million worth of public investment, either in the form of an investment fund or a company, can apply.
    • However, at least 60 per cent of the total investment must not be in the form of real estate and the invested amount must not be loaned, or in case of assets, investors must assume full ownership.
    • The investor must be able to retain the investment for a minimum of three years as well.
    • The long-term visa can also include the holder’s spouse and children, as well as one executive director and one advisor.
    • In addition to the aforementioned, foreign nationals who are looking to set up their business in the UAE may also apply for permanent residency (5 years) through the Golden Business Visa scheme.

    Perks for the talent

    • Besides entrepreneurs, individuals with specialized talent can also apply for the visa. They include doctors, researchers, scientists, investors and artists.
    • These individuals may be granted a 10-year visa following accreditations granted by their respective departments and fields and the visa will also be extended to their spouses and children.
    • Exceptional high school and university students are eligible for a 5-year residency visa in the UAE.

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