India – CLMV Business Conclave 2020 took place
The sixth Indo-CLMV Business Conclave 2020 was recently held. During the meeting, India asked the CLMV nations to join Global Solar Alliance and the Strong Supply Chain Initiative.
The Meeting took place under the theme:
“Building Bridges for Constructive Development yesterday”
Throughout the meeting, India declared that it is equipped to share COVID-19 vaccine with the CLMV nations. This is vital for every leading economy in order to avoid vaccine nationalism.
What are CLMV countries?
The CLMV nations are Cambodia, Laos, Myanmar and Vietnam. The CLMV nations have a unique place in Southeast Asia region. The nations act as an entry for the marketplace access to European Union and China and also other marketplaces due to several trade pacts. The four nations embrace rich natural possessions such as copper, natural gas, oil, gemstones and teakwood.
Implication of CLMV countries
They are the 3rd major economy in the world. In the previous decade, India’s trade with these nations has grown-up from 1.5 billion USD to 10 billion USD.
Why is India concerned in CLMV nations?
India aims to rise its trade and asset in these nations as they clasp benefit of allowed trade pacts with nations such as China. India’s trade to China through this way will be much economical. In other words, India will contribute in these nations and earn the assistances by exporting the return to China.
India has provided medications and medicinal supplies to the CLMV area. Correspondingly, India has trained health workers from the area under I-TEC System. India has made Project Expansion Fund for the CLMV area with an amount of Rs 500 crores. This is to incentivise Indian private sector corporations to set up industrial components in CLMV region. Apart from this, India has also engaged numerous other structure initiatives. This comprises the building of the Kaladan Multimodal Transit-Transport Plan. India is thoroughly working with the region to progress renewable energy and also form businesses to pierce global value chains.
India submitted its proposal for negotiations with WTO
India has recently given its proposal at the on-going discussions at the World Trade Organization (WTO) on averting damaging fisheries subsidies. The discussions are being completed as according to WTO the harmful fisheries subsidies are predictable to be at 14 billion USD to 20.5 billion USD.
What are the proposals placed by India?
Underneath its proposal to the WTO, India has recommended that the role of the clash settlement board in fisheries organization of coastal zones should be restricted.
India has also recommended that an affiliate should be allowed to retain its authority in the matter. According to India the WTO needs to succeed by the factors of Regional Fisheries Management Establishments.
Regional Fisheries Management Organizations
These are the global establishments that are formed by the nations with shared interests in the fisheries area. These establishments are exposed to the coastal situations, nations in the region or nations having comforts in fisheries. They have authority to manage fishing effort parameters. Also, the responsibilities are binding on the associates of the organizations.
Earlier Proposals of India
India had earlier proposed to exempt countries from subsidy reduction commitments based on their national income. Though, developed countries raised criticisms to the proposal, it was accepted by the chair of the negotiating committee.
India and USA signed the MoU on Intellectual Property Support
India and the United States lately signed the Memorandum of Understanding on Intellectual Property Support
The agreement was inked between the Department for Promotion of Industry and Internal Trade (DPIIT) and United States Patent and Trademark Office (USPTO).
The agreement was contracted after ten months the Union Cabinet agreed to arrive into the MoU.
Highlights of the MoU
The agreement will ease exchange of best practices, skill between the industries, explore and development organisations, Universities and minor and medium-sized Enterprises.
The agreement will inspire partnership in exchange of specialists, training programmes, outreach activities and Technical connections.
It will provide best practices on developments for examination of application of brands, Topographical Signs, copyrights and manufacturing projects. It will also include execution, protection and use of intelligent property rights.
It will help in exchange of data on innovation projects, process for management of intellectual patent workplace services and papers and data systems in the academic patent.
The agreement will foster the collaboration between the countries on numerous issues related to traditional information.
The agreement is to be executed through a two-yearly work strategy that will part the collaboration activities.
The pact signed was very analogous to that signed with Denmark in September 2020.
India lately signed Memorandum of Understanding with Denmark on Intellectual Property Cooperation. Through the pact, the nations aimed to rise Intellectual Patent awareness amongst the communal, research and teaching institutes and trades in both the nations. The agreement called for alliance in exchange of specialists, training programmes and outreach actions.
This pact was also engaged by the DPIIT on behalf of India. The nations under the arrangement will focus on brands, GI tags, copyrights, etc. India-Denmark two-yearly work strategy is to be enclosed as that done under the Indo-US agreement.
India signed friendship agreement with Oman
Oman lately publicized to establish Friendship association with India. This will be the opening of such initiative in West Asia.
It was declared during a bilateral conversation held between the foreign ministers of the nation. The mutual discussion was held virtually on the framework of recent tour by the External Affairs Minister of India Shri S Jaishankar to Bahrain and UAE. Throughout the two-sided conversation, the nations reviewed their economic assistance, consular issue, volume building and training programmes.
About Oman-India Friendship Association
The association will object to deliver a platform to encourage matters of mutual interest, understanding amid the business and social communities of the nations.
India-Oman Recent Developments
In 2018, Indian PM Modi visited Oman and enhanced the cooperation between the countries in defence, energy, food security, trade and investment and regional issues.
In December 2019, India and Oman inked the Maritime Transport Arrangement. The agreement was first of its type that India signed with a Gulf nation. The pact empowered India to increase its paths in Southern Indian Ocean, Western Indian Ocean, East Africa and Persian Gulf. This was a share of India’s Indo-Pacific Idea. The Indian Navy has been provided admission to the Duqm Port. The Duqm port if the major sea port sited in the Indian Ocean. India is planning numerous projects in Oman. This contains a 1.2 billion project to form the major Sebacic Acid plant (which is the largest in Middle-East). Also, a combined travel complex called “Little India” is to be completed under 78 million USD.
Significance of Oman
Oman is a perfect place for worldwide business as it has manufacturing hubs recognized all along the 1,700 kilo metres of oceanic shore on the Indian Ocean. The nation holds four manufacturing free regions and four sea harbour facing the Indian Ocean. The Industrial Free Regions of Oman offer 30 years of business tax exemption, no limits on return of incomes, no income duty 50 years of renewability, currency conversation liberty and steady currency amount.
World Soil Day celebrated
Each year, the World Soil Day is observed on December 5.
The day is distinguished by the Food and Agriculture Organization (FAO) functioning under the United Nations and also by numerous other global establishments. This year, the World Soil Day is observed under the theme:
Theme: Keep Soil Alive, Protect Soil Biodiversity
This indicates the fact that the nutriment safety depends on the health of the earth soil.
Soil is basis for one-fourth of the ecology of the globe. It is vital to control soil contamination as bad soil managing will disturb the microorganisms beneath the ground. These microbes are occupied unceasingly to preserve the eco system. They aid in fixing nitrogen that is crucial for plant growth. They also enhance nutrients to the earth by the process of breakdown.
Why 5 December:
The International Union of Soil Sciences suggested to observe World Soil Day on December 5. Under the headship of Thailand, the FAO reinforced the formal formation of World Soil Day. The pronouncement to celebrate the day was completed under the Global Soil Partnership. The first World Soil Day was distinguished in 2014.
The day resembles to the birthdate of the late King Bhumibol Adulyadej of Thailand. He was the chief supporter of the initiative.
Soil Conservation in India
India emphases on regional soil conservation missions. For example, the Cherrapunjee Ecological Project was flung to improve soil moisture in Sohra Plateau.
Nevertheless, the Rastriya Krishi Vigyan Yojana that focuses on growth of ranked farming systems in the country, focuses on soil quality all over India. Also, the Soil Health Card Scheme was launched.
Azad Pattan Hydroelectricity Project started under CPEC
The Azad Pattan project is a hydroelectricity project that is to be built in Pakistan occupied Kashmir. It is to be made on the Jhelum River and will have the volume to produce 700 MW of hydroelectricity. This is a 1.35 billion USD scheme that is to be mutually undertaken by China and Pakistan as a fragment of the China-Pakistan Economic Corridor (CPEC). The CPEC is a leading project of the Chinese administration that links Gwadar Port of Pakistan and Xinjiang of China.
About Azad Pattan Hydropower
It is one of the five hydroelectricity structures to be constructed on the Jhelum river. The other four are Kohala, Mahl, Karot and Chakothi Hattian. Of these, Kohala, Azad Pattan and Karot are to be made under CPEC system. Azad Pattan is to be custom-built by 2024.
It is a project under the run-of-the-river scheme, the river water is diverted from a flowing river and directed down a canal that leads to a producing electricity for households.
Concerns of India regarding Azad Pattan?
The dam is to be built in the area that is under clash between India and Pakistan. India had also protested the construction of Diamer-Basha Dam across Indus river in Gilgit-Baltistan region.
As stated by India, China and Pakistan are uniting their existence in the area.
The projects being implemented in the Pakistan occupied Kashmir do not follow international norms.
These projects provide geopolitical power to the Chinese in the western Indian Ocean area.
This will fortify China’s strategy of using its financial power to surge its geopolitical influence. Prior the same policy was used in Iran too.
India, Russia fleets held naval exercise in Indian Ocean
The navies of India and Russia started a two day Passage Exercise (PASSEX) in the East Indian Ocean Region on 04 December, 2020, the Navy said.
It is intended at enhancing interoperability, imbibing best performs and would include advanced outward and antisubmarine combat exercises, gun firings and helicopter manoeuvres. Two war vessels from India and three ships from Russia are participating in the PASSEX.
Lakshadweep Administrator Dineshwar Sharma recently passed away
About Dineshwar Sharma:
Lakshwadweep’s Administrator and former Intelligence Bureau chief Dineshwar Sharma passed away at the age of 66.
Mr. Sharma, a 1979batch Indian Police Service (IPS) officer, hailed from Bihar.
He served as IB Director from 2014 to 2016. He headed the bureau when the government announced demonetisation on November 8, 2016.
After his retirement, the Modi government was keen on giving him an extension but he turned down the offer, saying it would upset the succession chart of his juniors.
He was then appointed as an interlocutor for talks with the Assam based insurgent groups and also headed a committee to restructure the Home Ministry.
Lakshadweep is an assembly of islands in the Lakshadweep Sea, 200 to 440 km off the southwestern coastline of India. The archipelago is managed as a union territory and district of India. They were also documented as the Laccadive Islands, even though geologically this is only the title of the central subdivision of the group. Lakshadweep means “one hundred thousand islands” in Marathi, Sanskrit, and Malayalam. The islands form the smallest UT of India and their total external area is just 32 sq. km
The area forms a single Indian district with 10 subdivisions. Kavaratti obliges as the capital of the Union Territory and the region comes under the dominion of Kerala High Court. The islands are the northernmost of the Lakshadweep-Maldives-Chagos group of islands, which are the max of a vast underwater highland range, the Chagos-Lakshadweep Point. Water sports events such as wind surfing, scuba diving, surfing, sportfishing, kayaking, canoeing, water skiing, snorkelling, yachting and night sea voyages are popular activities among tourists. Travelers group to these islands all over the year, excluding during the southwest monsoon months as seas are enormously rough.