Professional Documents
Culture Documents
Prime 15 2024
Prime 15 2024
• World Trade Organization (WTO) Panel has ruled against India in a dispute
over information technology (IT) tariffs with the European Union (EU) and
other countries.
• In 2019, the EU challenged India's introduction of import duties of between
7.5% and 20% for a wide range of IT products, such as mobile phones and
components, as well as integrated circuits, saying they exceeded the
maximum rate.
• The ITA is a global trade agreement that aims to eliminate tariffs on a wide
range of IT products. India is signatory to the 1996 ITA.
Arguments
• The ITA is a global trade agreement that
aims to eliminate tariffs on a wide range of
IT products. India is signatory to the 1996
ITA.
• The panel found that India's tariffs on
certain IT products violated global trading
rules, as they were inconsistent with the
terms of the Information Technology
Agreement (ITA).
• India argued that at the time of signing the
ITA, products such as smartphones did not
exist and hence, it was not bound to
eliminate tariffs on such items.
World Trade Organization
• The World Trade Organization (WTO) is an
intergovernmental organization that
regulates and facilitates international trade.
• It officially commenced operations on 1
January 1995, pursuant to the 1994
Marrakesh Agreement, thus replacing the
General Agreement on Tariffs and Trade
(GATT) that had been established in 1948.
• The WTO is the world's largest international
economic organization, with 164 member
states representing over 98% of global trade
and global GDP.
TRIPS and WTO
• With the recently added products in GI tag lists, has made the total number
of GI tags in India 2023 to over 430.
• These tags are issued according to the Geographical Indications of Goods
(Registration and Protection) Act, 1999.
• The first product to be assigned with a GI tag in India was Darjeeling tea in the year
2004-05.
• The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights
(TRIPS) is the most comprehensive multilateral agreement on intellectual property
(IP).
• It plays a central role in facilitating trade in knowledge and creativity, in resolving
trade disputes over IP, and in assuring WTO members the latitude to achieve their
domestic policy objectives.
• It frames the IP system in terms of innovation, technology transfer and public
welfare. The Agreement is a legal recognition of the significance of links between IP
and trade and the need for a balanced IP system.
GI Tags 2023
Open AI
• OpenAI was founded in 2015 as a non-profit organisation by a group that
included the then 30-year-old Sam Altman, Elon Musk, and Infosys, among
others, with the vision that Artificial Intelligence research must be kept open,
safe and available to everyone.
• A note dated December 11, 2015 on OpenAI’s website reads: “Our goal is to
advance digital intelligence in the way that is most likely to benefit humanity as a
whole, unconstrained by a need to generate financial return.”
• Incidentally, this note was penned jointly by Greg Brockman, another co-founder
who was also fired from his post of Chairman of the board on Friday, and Illya
Sutskever, OpenAI’s chief scientist and board member, who was reportedly a
main organiser of the boardroom putsch.
• OpenAI may have spurned financial returns but AI research is a costly affair. The
Generative Pre-Trained Transformers or GPT models that sit at the heart of many
AI tools need to be trained on vast amounts of data, which require massive
amounts of ‘compute’ or computing power
Paisa Khatam
• In 2018, OpenAI’s biggest source of funds dried up
when Mr. Musk left the board citing a conflict of
interest with Tesla.
• A year later, OpenAI under Mr. Altman’s supervision
started a for-profit wing that would go on to build
monetisable consumer AI technology such as
ChatGPT and Dall-E.
• Mr. Brockman and Mr. Sutskever put out another
note at that time saying that such a venture was
necessary so that the company could “invest billions
of dollars in upcoming years into large-scale cloud
compute, attracting and retaining talented people,
and building AI supercomputers”.
I Am Back
Important:
Election Tirunellai Narayana (T.N.) Iyer Seshan
The EU’s plan to collect a carbon The EU will soon have 'verifiers' to
border tax with effect from January 1, check submissions from Indian
2026, could raise the cost of India’s exporters on their processes.
exports, according to experts seized Currently, this applies to steel,
on the matter. Beginning October, aluminum, cement, fertilizer,
2023, Indian exporters are supposed hydrogen and electricity, but it will be
to submit documents on their expanded to all imports into the EU in
processes roughly every two months. the future.
Carbon Border
• The EU’s Carbon Border Tax (Carbon Border
Adjustment Mechanism (CBAM)) is a policy
measure that aims to put a fair price on the
carbon emissions generated during the
production of certain goods imported into
the EU.
• It is part of the “Fit for 55 in 2030 package",
which is the EU’s plan to reduce
greenhouse gas emissions by at least 55%
by 2030 compared to 1990 levels in line
with the European Climate Law.
SIPRI Year Book
2)Limpiyadhura • India & China Signed a treaty in 2015 for trading through Lipulekh Pass
Kalapani Dispute
• Sugauli treaty was ratified by Nepal and East India Company in
1816
• Nepali forces helped Britons in 1857 to suppress the first war of
Independence of India.
• Britons gifted the Kapilvastu & Janakpur to Nepal.
• India claims Kalapani as part of Pithoragarh district of
Uttarakhand’s and Nepal claims it as a part of its Dharchula
district. Kali Mahakali or sarda river was the basis of separation
of boundary of India and Nepal in the Sugauli treaty.
• The river is formed by various fountains in the valley and Nepal
claims that the boundary of Nepal is not the starting of the river
but the staring of first fountain.
• This will lead to the 32 km Square area and major portion of
Lipulekh pass will go to Nepal.
Indo- Bangladesh Water Dispute
with Bangladesh • India also requested for early finalization of the draft of the interim agreement
for sharing of water of Feni River, pending with the Bangladesh side which had
been agreed upon by both sides in 2011.
India & Pakistan water
dispute
Indus Waters Treaty was signed in 1960 with the help of World
Bank
According to the treaty Pakistan will have control over Chenab,
Jhelum & Indus.
Pakistan will use 80 percent of water and India will use 20 percent
of the water.
India can use more than 20 percent if they want it for irrigation and
domestic purpose.
According to Indus water treaty India will take control of Ravi, Beas
& Satluj.
India will use 80 percent of water and India will use 20 percent of
the water will be used by Pakistan.
India can use more than 80 percent if they want it for irrigation and
domestic purpose.
New Water Disputes with Pakistan
• The Pakal Dul Hydro Electric Project (1000 MW) is proposed on river
Marusudar, a tributary of Chenab river in the Union Territory of Jammu &
Kashmir.
• Kiru Hydro Electric Project (624 MW) is proposed on River Chenab,
located in Kishtwar district of Jammu & Kashmir.
• Lower Kalnai project is a hydroelectric power project in the Doda and
Kishtwar districts of Jammu and Kashmir. Fazilka drain is one of 22 drains
and water bodies, where untreated water of Malwa district (Punjab, India)
is discharged
Disputed
Projects
• In 2005, Pakistan challenged India’s Baglihar dam project on the
Chenab river before in front of the World Bank and lost the case.
• In 2011, both countries to the International Court of Arbitration
(ICA) over India’s 330 MW project in Kishanganga project in
Jammu and Kashmir.
• Baglihar Project on river Chenab is also a concern for India
India & China
• China is not providing details of
its hydro-power projects on river
Brahmputra.
• India, for its part, has built dams on
the Teesta River, a tributary of the
Brahmaputra, to utilise the flow of
the Teesta during the dry season.
• India and Bangladesh are worried
about aggressive Construction of
dams by China.
facts