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Foreign Policy Watch: India – EU

The significance of EU-India partnership in the Indo-Pacific

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Global Gateway initiative

Mains level: Paper 2- Indo-EU partnership in Indo-Pacific

Context

Europe and its key Indo-Pacific partners are joining forces to deliver a positive agenda for the region at the ministerial Forum to be held in Paris.

Importance of Indo-Pacific for EU

  • The issues at stake in this crucial region, including security challenges, are of concern to all EU countries.
  • EU unveiled EU Strategy for Cooperation in the Indo-Pacific,  in September 2021.
  •  Europe can offer the countries of the region a sustainable, transparent model for preserving their sovereignty, and an alternative to other models, such as China’s.
  • Addressing the connectivity and infrastructure need: There are immense connectivity and infrastructure needs in the Indo-Pacific.
  • But these needs should not force the countries of the region into unsustainable dependencies.
  • The EU’s Global Gateway initiative unveiled in December 2021 hopes to address this by pooling the resources of the EU’s institutions and its 27 member states to raise 300 billion euros to build sustainable links.
  • India’s role: The EU and India have already concluded a Connectivity Partnership (last May in Porto), which can be a pillar of this wider initiative.
  • The Indo-Pacific is a crucial region for tackling global challenges such as climate change, biodiversity protection and health resilience. 
  • At the Forum, the EU will present the support it can provide to countries of the region, including in terms of green finance, to achieve their ecological transitions in a just manner.
  • The ministers will also discuss concrete steps to strengthen health sovereignty and promote the “One Health” approach to the pandemic response.

Role of France and India in the region

  • France, itself a nation of the Indo-Pacific, has a long-standing commitment to upholding the law of the sea in the region, particularly through our permanent naval presence and joint exercises, such as our annual “Varuna” drills with India.
  • In the fields of biodiversity protection and plastic pollution, France and India can act together to spur multilateral action, as exemplified by India’s decision to join the France-initiated international coalition to protect 30 per cent of the land and seas by 2030 (High Ambition Coalition for Nature and People).
  • Cooperation between France and India on protected areas and national parks can also be expanded at the Indo-Pacific scale.
  • At the forum, France will propose the creation of an Indo-Pacific health campus, to be established in India, to bring together India’s pharmaceutical prowess and Europe’s technological capacity for the benefit of the region.

Conclusion

In a world of growing tensions, the core goal of France’s EU Presidency is to strengthen Europe’s sovereignty and its ability to decide its own fate. This endeavour matches India’s fundamental aspiration for strategic autonomy.

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Food Procurement and Distribution – PDS & NFSA, Shanta Kumar Committee, FCI restructuring, Buffer stock, etc.

How Russia-Ukraine conflict will effect inflation in India

Note4Students

From UPSC perspective, the following things are important :

Prelims level: FSA 2013

Mains level: Paper 3- Inflation challenge

Context

With the Russia-Ukraine conflict flaring into a war, global commodity prices, especially that of crude oil and gas, are likely to see a strong surge. This poses a challenge not only for India to contain inflationary pressures but also the world at large.

The problem of rising inflation

  • At 6 per cent, India’s consumer price index (CPI) inflation crossed the upper limit of RBI’s tolerance band in January 2022.
  • Implications: High inflation inflicts a large “inflation tax” on the general public whose bank savings earn an interest of less than 1 per cent.
  • This is robbing the general public in the name of fuelling growth.
  • India is not impervious to this tendency. Most of the major banks in the country offer interest rates between 3 to 4 per cent to depositors.
  • Both the finance ministry and the RBI are betting on revving up growth, at least for the time being.
  • This is fine as long as they can tame inflation within reasonable limits.
  •  If we want to do justice to the masses on whose deposits the entire banking system hinges, one must ensure positive real rates of interest.

How to ensure lower rates of inflation

  • Given that food has a weight of more than 45 per cent in CPI in India, understanding the dynamics of food inflation is critical.
  • India imports roughly 60 per cent of its consumption of edible oils, and global prices of edible oils have gone up by more than 50 per cent over the last year.
  • Edible oil inflation in India was touching 35 per cent a few months back.
  • This has come down to 18 per cent after the reduction on import duties.
  • The Union Minister of Commerce has also recently claimed that they have brought down the inflation in pulses by imposing stock limits on traders and by lowering import duties and importing more pulses.
  • The Centre has also imposed stocking limits on domestic oil/oilseed traders. 

Way forward:  Reform the grain-management-cum-food-subsidy system

  • Stock limit on wheat and rice with FCI:  As on January 1, it is saddled with stocks that are almost four times the buffer stock norms.
  • By unloading the excess grain in the open market, FCI could help in bringing down food inflation substantially as rice and wheat have a high weightage in CPI.
  •  In the name of the poor, India runs one of the largest but perhaps the most inefficient and corrupt public distribution system (PDS) in the world.
  • Stop competitive populism: Every political party promises freebies before elections.
  •  Unless the Election Commission comes down heavily on such promises or a public interest litigation is filed in the Supreme Court to stop this competitive populism, Indian policymaking cannot be growth-oriented.
  • Reduce the population coverage under PDS:  India’s food subsidy policy covers 67 per cent of the population and distributes rice and wheat at more than 90 per cent subsidy under the National Food Security Act of 2013.
  • Raise productivity: This should be combined with taking giant strides to raise productivity and producing more nutritious food while protecting the environment.
  • Focus on R&D in agriculture: It’s well-known agri-R&D gives a much higher return in terms of promoting growth with competitiveness, and reduces poverty by making food cheaper and controlling food inflation

Conclusion

It is important to reform the grain-management-cum-food-subsidy system to release precious resources for growth of agriculture.

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Agricultural Sector and Marketing Reforms – eNAM, Model APMC Act, Eco Survey Reco, etc.

Natural farming

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Not much

Mains level: Paper 3- Natural farming in India

Context

In her budget speech, Finance Minister Nirmala Sitharaman reaffirmed the Centre’s commitment to natural, chemical-free, organic and zero-budget farming.

No specific allocation in Budget

  • No specific allocations have been made to the Ministry of Agriculture and Farmers Welfare.
  •  In fact, currently-operational schemes such as the Paramparagat Krishi Vikas Yojana and the National Project on Organic Farming did not find any mention in the budget.
  • The Rashtriya Krishi Vikas Yojana, which has received a 4.2-times (year-on-year) larger allocation of Rs 10,433 crore, will earmark some funds for the on-ground implementation of chemical-free farming.

Suggestions

  • As the ministry plans the fund utilisation under RKVY, here are eight suggestions to scale up chemical-free farming.
  • 1] Focus on rainfed area: focus on promoting natural farming in rainfed areas beyond the Gangetic basin.
  • Home to half of India’s farmers, rainfed regions use only a third of the fertilisers per hectarecompared to the areas where irrigation is prevalent.
  • The shift to chemical-free farming will be easier in these regions. 
  • 2] Crop insurance:  enable automatic enrolment of farmers transitioning to chemical-free farming into the government’s crop insurance scheme, PM Fasal Bima Yojana (PMFBY).
  • 3] Promote microenterprise producing inputs:  promote microenterprises that produce inputs for chemical-free agriculture.
  • An often-cited barrier by farmers in transitioning to chemical-free agriculture is the lack of readily available natural inputs.
  • 4] Leverage NGOs:  leverage NGOs and champion farmers who have been promoting and practising sustainable agriculture across the country.
  • CEEW research estimates that at least five million farmers are already practising some form of sustainable agriculture and hundreds of NGOs are involved in promoting them.
  • 5] Upskill workers: Beyond evolving the curriculum in agricultural universities, upskill the agriculture extension workers on sustainable agriculture practices.
  • 6] Leverage community institution: Sixth, leverage community institutions for awareness generation, inspiration, and social support. In other words, the government should facilitate an ecosystem in which farmers learn from and support each other while making the transition.
  • 7] support monitoring and impact studies: Such assessments would ensure an informed approach to scaling up sustainable agriculture.
  • 8] Millet promotion: Dovetail the ambition on millet promotion with the aim to promote sustainable agriculture.
  • Instead of the two remaining in silos, why not promote chemical-free millets and create awareness about both?

Conclusion

India’s food system needs a holistic transformation in demand, production, and supply chains. Let’s hope 2022-23 is the inflection point when we convert intent into action in our journey towards achieving a chemical-free food system.

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Waste Management – SWM Rules, EWM Rules, etc

Plastic waste Management

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Types of plastic waste

Mains level: Paper 3- Plastic problem

Context

The UN Environment Assembly meeting in February-March 2022 may finalise a way forward for global cooperation on the emissions of plastic waste into the aquatic ecosystems.

Plastic as a consumption externality

  • Plastics represent an example of a consumption externality, which involves many people, rather than a production externality, which involves one or multiple firms.
  • Why is it challenging to address? Consumption externality is more challenging to address, as it is difficult to differentiate the behaviour of consumers.

2 Approaches and issues with them

  • Imposing the cost of the harm on all consumers may not yield efficient solutions.
  • As the number of consumers is high, the cost of controlling them is also high.
  • 1] Banning plastic: This approach promotes a sustainable environment, intergenerational equity, saves marine and wildlife ecosystems, and restores soil quality.
  • But it also causes inconvenience for consumers, increases substitution cost, and creates unemployment shocks as it affects the production of plastics, leading to less economic activity, less income generation and finally less employment.
  • 2] Tax on plastic: Other key aspects that may be considered for global cooperation are the options if plastics are banned, the effectiveness of imposing tax and the potential problems with both these approaches.
  • It is difficult to identify the exact tax to be imposed, which may depend on country-specific circumstances.

Way forward

1] Command and control approach

  • The environment regulation for plastics may include a ‘command and control’ approach, and fiscal reforms like eco-taxes or subsidies.
  • The efficiency of such a regulation depends on its architecture — how well it is planned, designed and executed. It should be credible, transparent and predictable.

2] Fiscal reforms like eco-taxes or subsidies

  • Eco-taxes may be imposed in the various stages of production, consumption or disposal of plastics.
  • Pollution due to plastics may happen during the production stage.
  • That is the logic for imposing tax on polluting inputs, as it forces the producer to look for cleaner substitutes.
  • Pollution also occurs during the consumption stage, and thus an eco-tax is recommended to discourage consumption.

3] Estimating the social cost at the local and global level

  • Social cost should be evaluated differently in the local/regional and global contexts.
  • While health and hygiene are predominant considerations in the former case, climate change is the predominant consideration in the latter.
  • Ideally, eco-tax rates on plastics ought to be equal to the marginal social cost arising from the negative externality associated with production, consumption or disposal of goods and services.

Comprehensive policy measures

  • Comprehensive policy measures against plastics may generally involve three complementary activities:
  • 1] The removal of existing taxes and subsidies that have a negative environmental impact.
  • 2] Taking into account the different types or grades of plastics.
  • 3] Restructuring existing taxes in an environmentally friendly manner.
  • Other suggestions include: Promoting multiple use of plastics through better waste management,
  • Educating the public on the harmful use of plastics,
  • Providing subsidy for research and development activity for substitute development.
  • Appropriate disposal mechanisms and waste management and use of waste for constructive usage like roads.

Conclusion

The key aspects that may be considered for global cooperation are the options if plastics are banned, the effectiveness of imposing tax and the potential problems with both these approaches.

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

Need for integrated approach to power sector

Note4Students

From UPSC perspective, the following things are important :

Prelims level: COP26

Mains level: Paper 2- Integration of development sector and electricity

Context

Electricity and development sectors need a more integrated approach to achieve the vision set forth in instruments such as the Union Budget that guide policy implementation at other administrative levels.

Reduction in allocation

  • While the health sector witnessed a 16% increase in estimated Budget allocations from last year, medical and public health spending was reduced by 45% for 2022-23.
  • Budget estimates demonstrate intent, but the proof of the pudding lies in the actual expenditure which reiterates the need for greater attention to be paid to our health and education sectors.
  •  While the health sector was allocated ₹74,602 crore in 2021-22, the Government exceeded its spending by over ₹5,000 crore more (₹80,026 crore) on health, signalling a spike in demand, likely propelled by the ongoing COVID-19 pandemic.
  • Given this scenario, a less than ₹1,000 crore increase in the Budget Estimate (₹86,606 crore) in 2022-23 when compared with last year’s Revised Estimates (₹85,915 crore) appears incongruent with the Government’s aim of providing quality public health care at scale.

Role of reliable energy

  • It is widely recognised that the availability of reliable electricity supply can improve the delivery of health and education services.
  •  74% of the targets of the Sustainable Development Goals are interlinked with universal access to reliable energy.
  •  Its reliability in terms of the number of hours that electricity is available steadily without any voltage fluctuations also plays a significant role in delivering services.
  •  Sometimes, multiple policies can complement each other to achieve the larger sectoral objectives.
  • For example, in Assam, the Energy Vision document that lays out the electricity and development outcomes is to be applied in tandem with the Solar Energy Policy 2017 that operationalises this vision via an action plan.

Reasons for lack of integration of electrification in the development sector

  • The lack of integration of electrification requirements in development sector policy documents may be partly due to lack of information about electricity and development linkages, poor coordination mechanisms between the sectors and departments, and poor access to appropriate finance.
  • Even while electricity is considered, it is to the limited extent of being a one-time civil infrastructure activity rather than a continuous feature necessary for the day-to-day operations of these services.

Way forward

  •  To successfully integrate electricity provisioning and maintenance, policy frameworks should include innovative coordination and financing mechanisms.
  • These mechanisms, while developing clear compliance mandates, must also allow sufficient room for flexibility to respond to local contexts.
  • Providing reliable electricity for health centres and schools should be the responsibility of centralised decision-making entities at the State or national level.
  • As India has witnessed with other cross-sectoral and centralised statistical, planning, and implementation data governance, diverse contexts must support oversight mechanisms that ensure data credibility.
  • Finance is largely unavailable to ensure reliable electricity supply to schools and health facilities.
  • Some directives, such as those governing the use of untied funds, need to be more flexible in allowing these facilities to prioritise providing reliable and sustainable electricity.

Conclusion

A successful policy outcome might be dependent on several invisible aspects that do not get the attention and funding necessary to aid in successful policy delivery. Electricity is one of them.

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Foreign Policy Watch: India-Russia

The anatomy of India’s Ukraine dilemma

Note4Students

From UPSC perspective, the following things are important :

Prelims level: NATO

Mains level: Paper 2- Implications of Ukraine crisis for India

Context

Late last week, India abstained from a United Nations Security Council (UNSC) resolution which called for condemning the Russian military action against Ukraine.

Understanding India’s position on the Ukraine issue

  •  New Delhi has taken a subtle pro-Moscow position on the question of Russian attacks against Ukraine.
  • A geopolitical necessity: India’s Russia tilt should be seen not just as a product of its time-tested friendship with Moscow but also as a geopolitical necessity.
  • There are understandable reasons for India’s (subtle) pro-Russia position: an aggressive Russia is a problem for the U.S. and the West, not for India.
  •  North Atlantic Treaty Organization (NATO) expansion is Russia’s problem, not India’s.
  • China problem: India’s problem is China, and it needs both the U.S./the West and Russia to deal with the “China problem”.
  • Neighbouring China as the rising superpower and Russia as its strategic ally challenging the U.S.-led global order at a time when China has time and again acted on its aggressive intentions vis-à-vis India, and when India is closest to the U.S. than ever before in its history, throws up a unique and unprecedented challenge for India.
  • There is an emerging dualism in contemporary Indian strategic Weltanschauung: the predicament of a continental space that is reeling under immense pressure from China, Pakistan and Taliban-led Afghanistan adding to its strategic claustrophobia; and, the emergence of a maritime sphere which presents an opportunity to break out of the same.

Why India needs to balance relations with Russia and the US

  • Relations with Russia to manage continental challenges: New Delhi needs Moscow’s assistance to manage its continental difficulties be it through defence supplies, helping it ‘return’ to central Asia, working together at the Shanghai Cooperation Organization (SCO) or exploring opportunities for collaboration in Afghanistan.
  • Relations with US to manage maritime challenges: When it comes to the vast maritime sphere, the Indo-Pacific to be precise, Russia is not of great consequence to India.
  • That is where its American and western partners come into play. India is simply not in a position to address the China challenge in the maritime space without the active support of American and western navies and, of course, the Quad.
  • This unavoidable dualism in the contemporary Indian strategic landscape necessitates that India balances the two sides.

Implications of war on Ukraine for India

  • 1] It will embolden China: Russian action in Ukraine dismissing the concerns of the rest of the international community including the U.S. will no doubt embolden China and its territorial ambitions.
  • 2] Sanctions on Russia will impact India’s defence cooperation: The new sanctions regime may have implications for India’s defence cooperation with Moscow.
  • 3] Russia-China axis: The longer the standoff lasts, the closer China and Russia could become, which certainly does not help India.
  • 4] Focus will move away from Indo-Pacific: The more severe the U.S.-Russia rivalry becomes, the less focus there would be on the Indo-Pacific and China, which is where India’s interests lie.

Foreign policy challenge for India

  • Position of geopolitical vulnerability: India’s responses to the Russian aggression on Ukraine underline the fact that India is operating from a position of geopolitical vulnerability.
  • Going forward, India’s ability to be a “swing state”, “major power” or a “leading power” stands diminished.
  • There will be more middle-of-the-road behaviour from New Delhi rather than resolute positions on global strategic developments.
  • Interests over principles: India’s position also shows the unmistakable indication that when it comes to geopolitics, New Delhi will choose interests over principles.
  • A careful reading of India’s statements and positions taken over the past few days also demonstrates a certain amount of discomfort in having to choose interests over principles.
  • There is perhaps a realisation in New Delhi that a dog-eat-dog world, where rules and good behaviour do not matter, does not help India in the long run either.
  • Mastering the art of balancing extremes: Going forward, if tensions between Russia and the West persist, balancing extremes will be a key feature of Indian diplomacy.
  • Even though New Delhi abstained from voting on it (thereby siding with Moscow), it made its unhappiness about the Russian action clear in the written note.
  • Sticking to the principle of strategic autonomy: New Delhi’s response to the recent crisis, especially its “explanation of vote” at the UNSC indicates a careful recourse to the principle of strategic autonomy: India will make caveated statements and will not be pressured by either party.

Conclusion

India’s indirect support to the Russian position is not a product of Russian pressure but the result of a desire to safeguard its own interests.

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Judicial Pendency

Judiciary needs more HC judges: CJI

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Collegium system, NJAC

Mains level: Judicial vacancy in India

Chief Justice of India N.V. Ramana said there was a need to both increase the number of judges in High Courts and urgently fill existing vacancies.

Judicial vacancy in India

  • The Indian judiciary faces high vacancies across all levels (the Supreme Court, High Courts, and subordinate courts).
  • Vacancy of judges in courts is one of the reasons for delays and a rising number of pending cases, as there are not enough judges to hear and decide cases.
  • As of today, more than four crore cases are pending across all courts in India.

Appointing judges to the HC

  • The appointment of the judges to the high courts is governed by Article 217 of the Constitution.
  • In addition to the constitutional provisions, the process of appointments outlined in the Memorandum of Procedure (MoP) is a lengthy one.
  • It is initiated by the Chief Justice of the concerned high court who recommends the nominees to the state government.
  • Ideally, this process should begin six months prior to the occurrence of the vacancy.
  • The state government then sends the recommendation to the Union Law Ministry, which then sends it to the Supreme Court Collegium.

HC Vacancies

  • The total sanctioned judicial strength in the 25 High Courts is 1,080.
  • However, the present working strength is 661 with 419 vacancies as on March 1.
  • The Supreme Court has been repeatedly conveying to the government its growing alarm at the judicial vacancies in High Courts.
  • Some of these High Courts are functioning only with half their sanctioned judicial strength.
  • On average, the courts suffered at least 40% judicial vacancies.

Why is there a huge gap?

Ans. Timeline of appointment is arbitrary

  • Appointments of High Court judges are guided by a memorandum of procedure.
  • As per this memorandum, the appointment process is to be initiated by the concerned High Court at least six months before a vacancy occurs.
  • However, the Standing Committee (2021) noted that this timeline is rarely adhered to by High Courts.
  • Further, in the final stage of the process, after receiving recommendations from the Supreme Court collegium, the executive appoints judges to the High Court.
  • No timeline is prescribed for this stage of the appointment process.

How many judges do we need?

  • The Law Commission of India (1987) had noted the importance of manpower planning for the judiciary.
  • Lack of adequate number of judges means a greater workload per judge.
  • Thus, it becomes essential to arrive at an optimal judge strength to deal with pending and new cases in courts.
  • Over the years, different methods of calculating the required judge strength for subordinate courts (where the backlog of cases in the Indian judiciary is concentrated) have been recommended:
Method of calculation Recommendation and its status
Judge-to-population ratio: Optimum number of judges per million population The Law Commission of India (1987) had recommended increasing this ratio to 50 judges per million people.   For 2020, the judge-to-population ratio was 21 judges per million population.
Rate of disposal: Number of additional judges required (to clear the existing backlog of cases and ensure that new backlog is not created) based on the average number of cases disposed per judge The Law Commission of India (2014) proposed this method.  It rejected the judge-to-population ratio method, observing that filing of cases per capita varies substantially across geographic units depending on socio-economic conditions.
Weighted case load method: Calculating judge strength based on the disposal by judges, taking into account the nature and complexity of cases in local conditions It addresses the existing backlog of cases as well as the new flow of cases every year in subordinate courts.     In 2017, the Supreme Court accepted this model.
Time-based weighted case load method: Calculating the required judge strength taking into account the actual time spent by judges in different types of cases at varying stages based on an empirical study Used widely in the United States, this was the long-term method recommended by the NCMS (2016) to assess the required judge strength for subordinate courts.  It involves determining the total number of ‘judicial hours’ required for disposing of the case load of each court.  The Delhi High Court used this approach in a pilot project (2017- 2018) to calculate the ideal judge strength for disposing of pending cases in certain courts in Delhi.

Back2Basics:

What is Collegium System?

 

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Foreign Policy Watch: India-Russia

Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Note4Students

From UPSC perspective, the following things are important :

Prelims level: SWIFT

Mains level: Global sanctions on Russia

The U.S., Europe and several other western nations are moving to exclude Russia from SWIFT, an international network for banks worldwide to facilitate smooth money transactions globally.

What is SWIFT?

  • SWIFT is an international network for banks worldwide to facilitate smooth money transactions globally.
  • It is basically a messaging network used by banks and financial institutions globally for quick and faultless exchange of information pertaining to financial transactions.
  • The Belgium-headquartered SWIFT connects more than 11,000 banking and securities organizations in over 200 countries and territories.
  • First used in 1973, it went live in 1977 with 518 institutions from 22 countries, its website states.

What exactly is it?

  • SWIFT is merely a platform that sends messages and does not hold any securities or money.
  • It facilitates standardized and reliable communication to facilitate the transaction.

How does it facilitate banking?

  • Each participant on the platform is assigned a unique eight-digit SWIFT code or a bank identification code (BIC).
  • If a person, say, in New York with a Citibank account, wants to send money to someone with an HSBC account in London, the payee would have to submit to his bank the London-based beneficiary’s account number along with the eight-digit SWIFT code of the latter’s bank.
  • Citibank would then send a SWIFT message to HSBC. Once that is received and approved, the money would be credited to the required account.

How is the organization governed?

  • SWIFT claims to be neutral. Its shareholders, consisting of 3,500 firms across the globe, elect the 25-member board, which is responsible for oversight and management of the company.
  • It is regulated by G-10 central banks from Belgium, Canada, France, Germany, Italy, Japan, The Netherlands, the UK, the US, Switzerland, and Sweden, alongside the European Central Bank.
  • Its lead overseer is the National Bank of Belgium.
  • The SWIFT oversight forum was established in 2012.
  • The G-10 participants were joined by the central banks of India, Australia, Russia, South Korea, Saudi Arabia, Singapore, South Africa, the Republic of Turkey, and the People’s Republic of China.
  • Europe, Middle East, and Africa are highest contributors to SWIFT.

What happens if one is excluded from SWIFT?

  • US excluding Russia from SWIFT could have serious repercussions on how Russian banks carry out international financial transactions.
  • If a country is excluded from the most participatory financial facilitating platform, its foreign funding would take a hit, making it entirely reliant on domestic investors.
  • This is particularly troublesome when institutional investors are constantly seeking new markets in newer territories.
  • An alternative system would be cumbersome to build and even more difficult to integrate with an already expansive system.

Are any countries excluded from SWIFT?

  • Iranian banks were ousted from the system in 2018 despite resistance from several countries in Europe.
  • This step, while regrettable, was taken in the interest of the stability and integrity of the wider global financial system, and based on an assessment of the economic situation.

 

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Foreign Policy Watch: India – EU

What is the Munich Security Conference (MSC)?

Note4Students

From UPSC perspective, the following things are important :

Prelims level: Munich Security Conference

Mains level: NA

The latest edition of MSC a week ago assumed significance as it was here that the Ukrainian President appealed for help ahead of the Russian invasion.

Munich Security Conference

  • The Munich Security Conference is an annual conference on international security policy that has been held in Munich, Bavaria, Germany since 1963.
  • It brings together heads of state, diplomats and business leaders from the world’s leading democracies for three days of meetings and presentations.
  • It is the world’s largest gathering of its kind.
  • Over the past four decades the MSC has become the most important independent forum for the exchange of views by international security policy decision-makers.

How did it begin?

  • When the MSC was founded in 1963, it was envisioned as a way for leaders, mostly from the West, to discuss threats and dangers in an informal setting.
  • Most of the concerns at the time stemmed from the Cold War, which had dominated world politics for nearly a half-century.
  • Over time, the conference evolved into a platform for airing grievances and workshopping political agreements, some of them outside the realm of East-West relations.
  • In recent years, the conference has often invited leaders from authoritarian countries, and even adversaries, to speak.

 

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