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Daily News Reader: Top Headlines
Top Headlines
● PM CARES Fund
Prelims Analysis
❖ What is a Free Trade Agreement?
➢ It is a type of trade pact between two or more countries to reduce barriers to
imports and exports among them. These barriers may be tariffs, quotas,
subsidies, or prohibitions to inhibit their trade exchange.
➢ India has FTAs with Sri Lanka, Nepal, Bhutan, Thailand, Singapore, ASEAN,
Japan.
❖ State of India-UK bilateral trade
➢ There is a significant bilateral trade between the two countries ($15.5 bn in
2019-20)) already and it can be increased to $100 bn by 2030 if the FTA is
concluded.
➢ The two countries have an Enhanced Trade Partnership signed in 2021.
Prelims Questions
Q1. Consider the following statements about the United Kingdom-
1 and 3
a.
b. 2 only
c. 2 and 3
d. None of the above
Ans. c
Explanation: After Brexit, the UK came out of the European Union. It was not part of
the Schengen Area ever. The remaining two statements are correct.
Q2. Consider the statements about the different trade agreements-
a) 1 and 2
b) 2 and 3
c) 1 only
d) All of the above
Ans. b
Explanation: Comprehensive Economic Partnership Agreement is the highest/most
comprehensive type of trade pact. India has this pact with Japan and South Korea.
Q.1 In recent years, the India-UK trade partnership has seen several improvements.
Illustrate. Also examine the reasons for the same.
Context: INCOIS has recently undertaken the coastal vulnerability assessment of Indian
coastline.
Prelims Analysis
❖ About INCOIS (Indian National Center for Ocean Information Services)
➢ It is an autonomous organization under the Ministry of Earth Sciences that is
working to provide ocean information and advisory services to society,
industry, government agencies.
➢ It provides information like tsunami early warning system, ocean temperature
and salinity, potential fishing zones, etc.
➢ It prepares a coastal vulnerability index to aid in coastal disaster management
and building resilient coastal communities.
❖ About the Coastal Vulnerabilty Index
➢ India has a long coastline of 7516.6 km.
➢ It faces several risks due to future sea-level rise.
➢ The CVI maps the extent of this risk by tracking factors like tidal range, wave
height, coastal elevation or slope, geomorphology, etc.
➢ It thus identifies hazard zones that can be inundated along with the coastal low-
lying areas.
➢ It prepares hazard vulnerability maps based on this assessment.
Mains Analysis
❖ Steps that can be undertaken to mitigate the risks
➢ With the help of these hazard maps, proper land-use planning can be
undertaken.
➢ Engineered structures that can withstand the forces of extreme winds/water
should be constructed in risky areas.
➢ Cyclone shelters can be built to help the vulnerable community from cyclones.
➢ Well-designed drainage systems, embankments, levees, artificial hills, etc. to
mitigate flooding.
➢ Increasing the vegetation cover, mangrove plantation, etc. can be undertaken as
they increase the water infiltration capacity.
❖ India’s disaster management efforts
➢ National Disaster Management Authority (a statutory body that frames
policies, guidelines, and coordinates with SDMAs for disaster management)
manages the National Cyclone Risk Mitigation Project of the government.
➢ To manage the risk of storm surges, there is an Integrated Coastal Zone
Management (ICZM) Plan of the Ministry of Environment, Forest and Climate
Change.
➢ To ensure an early warning system, the India Meteorological Department
(IMD) alerts people by using color-coded warnings for cyclones.
➢ INCOIS prepares coastal vulnerability assessments.
Prelims Questions
Q1. Which of the following organizations prepares the Coastal Vulnerability Index
in India?
3. Marine Heatwaves
Theme: Geography
Context: The occurrence of marine heatwaves has been on the rise in the waters around
India..
Prelims Analysis
❖ What is a marine heatwave?
➢ Heat waves that originate over the oceans, identified by extremely warm
marine temperatures for an extended period of time are called marine
heatwaves.
➢ They may occur in summers or in winters. They are identified based on the
difference in temperature from the expected temperatures for the location and
time of year.
Mains Analysis
❖ Why do they occur?
➢ They may be caused by atmospheric heatwaves that can warm the ocean
surface.
➢ They may be caused by ocean currents that come from warm regions.
➢ They may be caused by climate events like el-nino that brings abnromally hot
ocean water to some regions.
➢ They may also be caused by a low wind speed which leads to slow convection.
As a result, warm surface water does not get mixed with cooler layers beneath
and stays warm.
❖ Effects
➢ They affect the ecosystem diversity of the region by supporting some species
over others.
➢ They lead to coral bleaching and ocean acidification.
➢ They also lead to algal blooms and deoxygenation.
➢ They are known to cause mass mortality of some marine species.
➢ They lead to unreasonably warm and dry weather in the land area surrounding
such oceans.
➢ They change the nature of the marine industry in the area. For instance, the
season and catch of fishing might change.
❖ Impact of higher incidence around the Indian waters
➢ The Western Indian Ocean and the North Bay of Bengal are known to
experience the largest increase in marine heatwaves frequency.
➢ This has made the central Indian subcontinent more dry and hot. This has led to
increased convectional rainfall over peninsular India.
Prelims Questions
Q1. What are the potential effects of marine heatwaves?
Q.2 What are marine heatwaves? They can have many adverse affects on the ocean
ecosystem. Enumerate.
Prelims Factfile
Context: India and South Africa had co-proposed a temporary waiver on IPRs held on
vaccines therapeutics and diagnostics for covid-19 at the WTO last year. There are chances
of India being excluded from this waiver now.
5. PM CARES Fund
Theme: Governance
Context: 64% of the PM CARES fund amount of Rs. 10,990 crore has remained utilized.
Prelims Questions
Q1. Parliamentary approval is required after expenditure from which of the
following funds?
a) PM CARES
b) PMNRF
c) Contingency Fund of India
d) Consolidated Fund of India
Ans. c
Explanation: Approval from Parliament ‘after’ the expenditure, is taken for the
Contingency Fund of India. If making any expenditure from the Consolidated Fund of
India, parliamentary approval is needed prior to the expenditure. For PMNRF and PM
CARES, no parliamentary approval is required.