DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 27th September 2023
Archives (PRELIMS & MAINS Focus) Counter Terrorism Field Training Exercise (FTX) 2023 Syllabus Prelims –DEFENSE Context: Recently, the Indian Army Contingent departed for the ASEAN Defence Ministers Meeting (ADMM) Plus Expert Working Group (EWG) on Counter Terrorism Field Training Exercise (FTX) 2023. About Counter Terrorism Field Training Exercise (FTX) 2023:- Date: 25th to 30th September 2023. Venue: Russia. It is a multinational joint military exercise being hosted by Russia as a co-chair of the EWG along with Myanmar. (Exercise IBSAMAR) It was preceded by the Table Top Exercise of the ADMM Plus EWG on Counter-Terrorism at Nay Pyi Taw, Myanmar from 2nd to 4th August 2023. Historical Background:- Since 2017, the ADMM Plus has met annually to allow dialogue and cooperation among the Association of Southeast Asian Nations (ASEAN) and Plus countries. The inaugural ADMM Plus was convened in Ha Noi, Vietnam on 12th October 2010. This year ASEAN member states along with Plus Group will be participating in the exercise. Objective of the exercise: strengthening and promoting regional cooperation in the field of counter-terrorism. The exercise will comprise a number of counter-terrorism drills including destroying of terrorist groups in a fortified area. ADMM Plus EWG on Counter-terrorism 2023 will provide the Indian Army with a platform to share their expertise and best practices in counter-terrorism operations. It will increase the cooperation between the other 12 participating countries. (Military Exercises) The Indian Army looks forward to an enriching professional experience from the exercise. MUST READ: 26th Exercise Malabar SOURCE: PIB PREVIOUS YEAR QUESTIONS Q.1) With reference to Home Guards, consider the following statements: (2023) Home Guards are raised under the Home Guards Act and Rules of the Central Government. The role of the Home Guards is to serve as an auxiliary force to the police in the maintenance of internal security. To prevent infiltration on the international border/ coastal areas, the Border Wing Home Guards Battalions have been raised in some states. How many of the above statements are correct? Only one Only two All three None Q.2) Recently, India signed a deal known as ‘Action Plan for Prioritization and Implementation of Cooperation Areas in the Nuclear Field’ with which of the following countries? (2019) Japan Russia The United Kingdom The United States of America Spike in global crude oil prices Syllabus Prelims –ECONOMY Context: The recent spike in global crude oil prices above the $80-per-barrel mark has contributed to petrol and diesel prices hitting all-time highs in India. Background:- Since hitting a low of $16 per barrel on 22 April 2022, the price of Brent crude oil has been rising steadily. Since the beginning of the year (2023), it has risen nearly 58% from about $51.8 per barrel to about $81 in September. The rise has been sharp over the last six weeks, from $65 per barrel on 20 August 2023. According to analysts, prices are nearing their intermediate top level of $86 per barrel, around which some cooling off is expected even though the broader trend remains rising. ( Oil Price Rise) Reasons for price rise:- Crude Oil prices have risen sharply in 2021 on the back of a recovery in global demand as the world economy recovered from the COVID-19 pandemic. Supply restrictions maintained by the OPEC+ grouping, have kept international oil prices high. These oil-producing economies have signaled slow production increases, which has led to a rise in gas prices as well. A shortage of gas in Europe and Asia has further boosted the demand for oil for power generation. Impact on India:- The rise in crude prices has contributed to petrol and diesel prices hitting all-time highs in India. Prices of petrol and diesel in India are pegged to a 15-day rolling average of the international prices of these fuels. High taxes by the central and state governments have contributed to retail prices being far higher. Analysts point out that increasing oil prices reflect growing demand in the economy, and equities often deliver more than the expected inflation that the oil surge may lead to. In line with oil, prices of other commodities including coal have been rising Impact stocks and bonds:- The BSE Basic Materials Index has risen more than three times from a low of 1,761 on April 3, 2020, to 5,725 at Wednesday’s close. This reflects the general view that economic recovery will strengthen going forward. For bonds: central bank policies will play a far greater role than the direct impact of rising oil prices. For equity investors: they can increase their exposure to upstream oil companies, which benefit from rising prices. In sectors where oil is a major cost component, a negative reaction on returns can be expected. Impact currency and the economy:- Rising crude prices tend to depress the rupee, as India being a major importer of oil needs more dollars to buy the same amount of crude. A surge in crude prices tends to increase India’s expenditure and adversely affects the fiscal deficit. MUST READ: Rising Oil Prices and Stagflation SOURCE: THE ECONOMIC TIMES PREVIOUS YEAR QUESTIONS Q.1) The term ‘West Taxes Intermediate’, sometimes found in news to a grade of (2020) Crude oil Bullion Rare earth elements Uranium Q.2) In the Indian context, what is the implication of ratifying the ‘Additional Protocol’ with the ‘International Atomic Energy Agency (IAEA)’? (2018) Civilian nuclear reactors come under IAEA safeguards. The military nuclear installations come under the inspection of the IAEA The country will have the privilege to buy uranium from the Nuclear Suppliers Group (NSG). The country automatically becomes a member of the NSG. Nilgiri tahr Syllabus Prelims –ENVIRONMENT AND ECOLOGY Context: Tamil Nadu and Kerala may soon join hands to perform a synchronized census of the Nilgiri tahr. About Nilgiri tahr:- The Nilgiri tahr is the only mountain ungulate in southern India amongst the 12 species present in India. It is also the state animal of Tamil Nadu. (Project Nilgiri Tahr) Habitat: open montane grassland habitat of the South Western Ghats montane rain forests eco-region. Distribution: It is
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