Note4Students
From UPSC perspective, the following things are important :
Prelims level: Emerging Technology Working Group
Mains level: Paper 2- Bubble of trust approach to globalisation
Context
An asymmetric globalisation favouring China allowed Beijing to attain power. It is now using that power to undermine liberal democratic values around the world.
What is Globalization?
Globalization is a process of increasing interdependence, interconnectedness and integration of economies and societies to such an extent that an event in one part of the globe affects people in other parts of the world.
OR
Globalization is a process of interaction and integration among the people, organizations, and governments of different nations, a process driven by international trade and investment and aided by information technology.
Asymmetric globalisation
- The Chinese market was never open to foreign companies in the way foreign markets are to Chinese firms.
- This is particularly true in the information and communications technology sector: foreign media, technology and software companies have always been walled out of Chinese markets.
- Meanwhile, Chinese firms rode on the globalisation bandwagon to secure significant market shares in open economies.
Global retreat from globalisation and role of Quad
- We are currently witnessing a global retreat from the free movement of goods, services, capital, people and ideas.
- But this should not be understood as a reaction to globalisation itself, but of its skewed pattern over the past four decades.
- The Quad countries – Japan, India, Australia and the U.S. – have an opportunity to change tack and stop seeing engagement with China through the misleading prism of free trade and globalisation.
- It will be to their advantage to create a new form of economic cooperation consistent with their geopolitical interests.
- Indeed, without an economic programme, the Quad’s geopolitical and security agenda stand on tenuous foundations.
Economies inside bubbles of trust
- Policies of self-reliance: The popular backlash against China – exacerbated by the economic disruption of the pandemic – is pushing Quad governments towards policies of self-reliance.
- But while reorienting and de-risking global supply chains is one thing, pursuing technological sovereignty is inherently self-defeating.
- Worse still, inward-looking policies often acquire a life of their own and contribute to geopolitical marginalisation.
- There is a better way.
- A convergence of values and geopolitical interests means Quad countries are uniquely placed to envelop their economies inside bubbles of trust, starting with the technology sector.
- The idea of ‘bubbles of trust’ offers a cautious middle path between the extremes of technological sovereignty and laissez-faire globalisation.
- Unlike trading blocs, which tend to be insular and exclusive, bubbles tend to expand organically, attracting new partners that share values, interests and economic complementarities.
- Such expansion will be necessary, as the Quad cannot fulfil its strategic ambitions merely by holding a defensive line against authoritarian power.
Way forward
- The U.S. is a global leader in intellectual property, Japan in high-value manufacturing, Australia in advanced niches such as quantum computing and cyber security, and India in human capital.
- This configuration of values, interests and complementary capabilities offers unrivalled opportunities.
- The Quad’s Critical and Emerging Technology Working Group, announced in March 2021, is well placed to develop the necessary ‘bubbles of trust’ framework, which could be adopted at the next Quad summit.
- To be successful the Working Group must seek to strengthen geopolitical convergences, increase faith in each member state’s judicial systems, deepen economic ties and boost trust in one another’s citizens.
- There are fundamental differences between authoritarian and liberal-democratic approaches to the information age.
- The Quad cannot allow differences of approach on privacy, data governance, platform competition and the digital economy to widen.
Conclusion
This agenda cannot be about substituting China. Rather, the approach would allow Quad countries to manage their dependencies on China while simultaneously developing a new vision for the global economy.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: The Ashgabat Agreement,
Mains level: Paper 2- India's central Indian outreach
Context
The evolving situation in Afghanistan has thrown up renewed challenges for India’s regional and bilateral ties with Central Asia and the Caucasus, prompting India to recalibrate its rules of engagement with the region.
Background of India’s relations with Central Asian countries
- After the breakup of the Soviet Union and the formation of the independent republics in Central Asia, India reset its ties with the strategically critical region.
- India provided financial aid to the region and established diplomatic relations.
- New Delhi signed the Strategic Partnership Agreements (SPA) with Kazakhstan, Tajikistan and Uzbekistan to stimulate defence cooperation and deepen trade relations.
- In 2012, New Delhi’s ‘Connect Central Asia’ policy aimed at furthering India’s political, economic, historical and cultural connections with the region.
- However, India’s efforts were stonewalled by Pakistan’s lack of willingness to allow India passage through its territory.
Renewed engagement with Central Asia
- The growing geostrategic and security concerns regarding the BRI’s China-Pakistan Economic Corridor (CPEC) and its violation of India’s sovereignty forced New Delhi to fix its lethargic strategy.
- Eventually, Central Asia became the link that placed Eurasia in New Delhi’s zone of interest.
- India signed MoUs with Iran in 2015 to develop the Chabahar port in the Sistan-Baluchistan province that was in the doldrums from 2003.
- External Affairs Minister S. Jaishankar was in the region earlier this month.
- In Kyrgyzstan, Mr. Jaishankar extended a credit line of $200 million for the support of development projects and signed an memorandum of understanding (MoU) on High-Impact Community Development Projects (HICDP).
- Kazakhstan: His next stop was the Kazakhstan capital, Nur Sultan, where he attended the 6th Foreign Ministers’ Conference on Interaction and Confidence-Building Measures in Asia (CICA).
- Armenia: Mr. Jaishankar has become the first Indian External Affairs Minister to visit Armenia.
- During the visit, Mr. Jaishankar also supported efforts for a peaceful solution of the Nagorno-Karabakh conflict between Azerbaijan and Armenia under the Organization for Security and Cooperation in Europe’s (OSCE) Minsk group.
Limits of SCO
- The Shanghai Cooperation Organization (SCO) was created in response to the threats of terrorism that sprang from Afghanistan.
- The Taliban re-establishing its supremacy over Afghanistan has also exposed the weaknesses of coalitions such as SCO.
- The SCO has been used by most member countries for their own regional geostrategic and security interests, increasing the trust-deficit and divergence within the forum.
Way forward
- Most of the Central Asian leaders view India’s Chabahar port as an opportunity to diversify their export markets and control China’s ambitions.
- They have admitted New Delhi into the Ashgabat Agreement, allowing India access to connectivity networks to facilitate trade and commercial interactions with both Central Asia and Eurasia, and also access the natural resources of the region.
- Rising anti-Chinese sentiments within the region and security threats from the Taliban allow New Delhi and Central Asia to reimagine their engagement.
- Central Asian countries have been keen to have India as a partner as they have sought to diversify their strategic ties.
Conclusion
India cannot afford to lose any time in recalibrating its regional engagements.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Not much
Mains level: Paper 2- Crises in Pakistan and India's approach towards it
Context
Whether it can or should make a difference to Pakistan’s internal politics, India must pay greater attention to the internal dynamics of our most difficult neighbour and more purposefully engage a diverse set of actors in that polity.
India’s interventions in internal affairs of neighbours
- Except for Pakistan, in most other countries of the subcontinent, India is drawn quickly into their internal political arguments.
- Delhi has always exercised some influence on the outcomes of those contestations.
- It is enough to note that India’s interventions are a recurring pattern in the subcontinent’s international relations.
- Even when Delhi is reluctant to get into the weeds of these conflicts, the competing parties in the neighbourhood demand India’s intervention on their behalf.
- All of the contestants, of course, resolutely oppose India’s meddling when it goes against them.
- But Delhi has rarely been a decisive player in Pakistan’s internal politics.
- Delhi’s hands-off attitude is surprising, given India’s huge stakes in the nature of Pakistan’s policies and their massive impact on regional security.
Current crises in Pakistan
- Internal crises: Among the many challenges confronting Pakistan is the fresh breakdown in civil-military relations.
- Pakistan’s economy is in a tailspin as it struggles to negotiate a stabilisation package with the International Monetary Fund.
- The militant religious movement Tehreek-e-Labbaik Pakistan (TLP) has mounted a fresh march against the capital demanding the release of its arrested leader.
- External crises: The internal crises are sharpened by worsening external conditions.
- In Afghanistan, Pakistan has succeeded in restoring the Taliban to power.
- The celebrations have not lasted too long; the long-awaited victory is turning sour.
- The Arab Gulf states that have been fast friends of Pakistan are now tilting towards India.
- Once a favourite partner of the West, Pakistan today faces tensions in its ties with the US and Europe.
- More broadly, nuclear weapons and a powerful army seem unable to stop Pakistan’s relative decline in relation to not just India but also Bangladesh.
- Pakistan’s economy is now 10 times smaller than that of India and is well behind Bangladesh.
Suggestions
- Whether it can or should make a difference to Pakistan’s internal politics, India must pay greater attention to the internal dynamics of our most difficult neighbour and more purposefully engage a diverse set of actors in that polity.
- For Delhi, it is always about narrow political arguments with Rawalpindi and Islamabad; it is as if the people of Pakistan do not exist.
- For India, the crises in Pakistan should be an occasion to reflect on the long-term regional consequences of Pakistan’s internal turbulence.
- It might be argued that that unlike elsewhere in the neighbourhood, Delhi’s leverage in Pakistan’s politics is limited. But it is by no means negligible.
Consider the question “For Delhi, it is always about narrow political arguments with Rawalpindi and Islamabad; it is as if the people of Pakistan do not exist. The depth of the current crises in Pakistan, however, should nudge India into overcoming this entrenched indifference. Comment.”
Conclusion
India looms so large in Pakistan’s mind space. For Delhi, it may be worth trying to turn that into influence over Pakistan’s policies if only at the tactical level and at the margins.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: AB- Health Infrastructure Mission
Mains level: Not Much
PM has launched the Ayushman Bharat Health Infrastructure Mission (AB-HIM), one of the largest pan-India schemes for strengthening healthcare infrastructure.
AB- Health Infrastructure Mission
- AB-HIM is being rolled out as India’s largest scheme to scale up health infrastructure.
- It is aimed at ensuring a robust public health infrastructure in both urban and rural areas, capable of responding to public health emergencies or disease outbreaks.
Key features
- Health and Wellness Centres: In a bid to increase accessibility it will provide support to 17,788 rural HWC in 10 ‘high focus’ states and establish 11,024 urban HWC across the country.
- Exclusive Critical Care Hospital Blocks: It will ensure access to critical care services in all districts of the country with over five lakh population through ‘Exclusive Critical Care Hospital Blocks’.
- Integrated public health labs: will also be set up in all districts, giving people access to “a full range of diagnostic services” through a network of laboratories across the country.
- Disease surveillance system: The mission also aims to establish an IT-enabled disease surveillance system through a network of surveillance laboratories at block, district, regional and national levels.
- Integrated Health Information Portal: All the public health labs will be connected through this Portal, which will be expanded to all states and UTs, the PMO said.
Why is the scheme significant?
- India has long been in need of a ubiquitous healthcare system.
- A 2019 study has highlighted how access to public health care remained elusive to those living on the margins.
- The study found that 70 per cent of the locations have public healthcare services.
- However, availability was less in rural areas (65 per cent) compared to urban areas (87 per cent).
- In 45 per cent of the surveyed locations, people could access healthcare services by walking, whereas in 43 per cent of the locations they needed to use transport.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Mullaperiyar Dam
Mains level: Interstate water disputes
The Supreme Court has directed the Supervisory Committee to take an immediate and firm decision on the maximum water level that can be maintained at Mullaperiyar dam amidst torrential rains in Kerala.
What is the news?
- A report by United Nations has stated that the Mullaperiyar dam, situated in a seismically active area, faces the risk of failure.
- Earlier this year, the Supreme Court warned the TN Chief Secretary against the failure to give information on the rule curve for dam which decides the discharge of excess water.
Mullaperiyar Dam
- It is a masonry gravity dam on the Periyar River in Kerala.
- It is located on the Cardamom Hills of the Western Ghats in Thekkady, Idukki District.
- It was constructed between 1887 and 1895 by John Pennycuick and also reached in an agreement to divert water eastwards to the Madras Presidency area.
- It has a height of 53.6 m (176 ft) from the foundation, and a length of 365.7 m (1,200 ft).
Operational issue
- The dam is located in Kerala but is operated and maintained by Tamil Nadu.
- The catchment area of the Mullaperiyar Dam itself lies entirely in Kerala and thus not an inter-State river.
- In November 2014, the water level hit 142 feet for first time in 35 years.
- The reservoir again hit the maximum limit of 142 feet in August 2018, following incessant rains in the state of Kerala.
- Indeed, the tendency to store water to almost the full level of reservoirs is becoming a norm among water managers across States.
The dispute: Control and safety of the dam
- Supreme court judgment came in February 2006, has allowed Tamil Nadu to raise the level of the dam to 152 ft (46 m) after strengthening it.
- Responding to it, the Mullaperiyar dam was declared an ‘endangered’ scheduled dam by the Kerala Government under the disputed Kerala Irrigation and Water Conservation (Amendment) Act, 2006.
- For Tamil Nadu, the Mullaperiyar dam and the diverted Periyar waters act as a lifeline for Theni, Madurai, Sivaganga, Dindigul and Ramnad districts.
- Tamil Nadu has insisted on exercising the unfettered colonial rights to control the dam and its waters, based on the 1886 lease agreement.
Rule of Curve issue
- A rule curve or rule level specifies the storage or empty space to be maintained in a reservoir during different times of the year.
- It decides the fluctuating storage levels in a reservoir.
- The gate opening schedule of a dam is based on the rule curve. It is part of the “core safety” mechanism in a dam.
- The TN government often blames Kerala for delaying the finalization of the rule curve.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: White dwarf
Mains level: Not Much
Using the Hubble Space telescope and Transiting Exoplanet Survey Satellite (TESS), astronomers have identified several white dwarfs over the years.
Where is this white dwarf?
- A white dwarf is what stars like the Sun become after they have exhausted their nuclear fuel.
- Near the end of its nuclear burning stage, this type of star expels most of its outer material, creating a planetary nebula.
- Only the hot core of the star remains. This core becomes a very hot white dwarf, with a temperature exceeding 100,000 Kelvin.
- Unless it is accreting matter from a nearby star, the white dwarf cools down over the next billion years or so.
Limits for white dwarf
- White Dwarf is half the size of our Sun and has a surface gravity 100,000 times that of Earth.
- There is a limit on the amount of mass a white dwarf can have.
- Subrahmanyan Chandrasekhar discovered this limit to be 4 times the mass of the Sun. This is appropriately known as the “Chandrasekhar Limit.”
Observing white dwarf
- Many nearby, young white dwarfs have been detected as sources of soft, or lower-energy, X-rays.
- Recently, soft X-ray and extreme ultraviolet observations have become a powerful tool in the study the composition and structure of the thin atmosphere of these stars.
What is TESS?
- The researchers observed this phenomenon using Transiting Exoplanet Survey Satellite (TESS).
- TESS is a space telescope in NASA’s Explorer program, designed to search for extrasolar planets using the transit method.
- The primary mission objective for TESS is to survey the brightest stars near the Earth for transiting exoplanets over a two-year period.
- The TESS project will use an array of wide-field cameras to perform an all-sky survey. It will scan nearby stars for exoplanets.
How does white dwarf ‘switch on and off’?
- In these types of systems, the donor star orbit around the white dwarf keeps feeding the accretion disk.
- As the accretion disk material slowly sinks closer towards the white dwarf it generally becomes brighter.
- It is known that in some systems the donor stars stop feeding the disk.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Floating Rate Bonds
Mains level: Not Much
The Government of India has announced the Sale (Re-issue) of Floating Rate Bonds, 2028’.
What are Bonds?
- Bonds are investment securities where an investor lends money to a company or a government for a set period of time, in exchange for regular interest payments.
- Generally, bonds come with a fixed coupon or interest rate. For example, you can buy a bond of Rs 10,000 with a coupon rate of 5%.
- Once the bond reaches maturity, the bond issuer returns the investor’s money.
- Fixed income is a term often used to describe bonds, since your investment earns fixed payments over the life of the bond.
Why are bonds launched?
- Companies sell bonds to finance ongoing operations, new projects or acquisitions.
- Governments sell bonds for funding purposes, and also to supplement revenue from taxes.
What are Floating Rate Bonds?
- A floating rate bond is a debt instrument that does not have a fixed coupon rate, but its interest rate fluctuates based on the benchmark the bond is drawn.
- Benchmarks are market instruments that influence the overall economy.
- For example, repo rate or reverse repo rate can be set as benchmarks for a floating rate bond.
How do floating rate bonds work?
- Floating rate bonds make up a significant part of the Indian bond market and are majorly issued by the government.
- For example, the RBI issued a floating rate bond in 2020 with interest payable every six months. After six months, the interest rate is re-fixed by the RBI.
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