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Daily Current Events by Civils360 December 14, 2017

GS1

Air Pollution: Read Here

  • Supreme Court directed the Centre to notify a comprehensive action plan mapping the sources of air pollution in Delhi and the National Capital Region within next two weeks.
  • The comprehensive action plan will have mandatory and time-bound short, medium and long-term measures to clean up the air of Delhi and NCR with a compliance strategy. It will create a template of action for all other cities of India.
  • If implemented with urgency and stringency and in a time-bound manner, this can help this region make a sustained improvement in air quality.

GS2

Doklam: Read Here

  • The Indian and the Chinese Foreign Ministers expressed satisfaction at the resolution of the Doklam crisis during the just-concluded meeting of the RIC grouping of Russia, India and China.
  • External Affairs Minister and Chinese Foreign Minister both noted the challenge it had posed to the relationship and both expressed satisfaction that it was resolved with the disengagement of troops at the face-off site through concerted diplomatic communications.
  • Chinese Foreign Minister had urged for ‘peaceful resolution’ of the issue whereas Ms. Swaraj had emphasized on maintenance of peace and tranquillity in the border areas.

GS3

Bitcoin: Read Here

  • Income Tax Department officials have started a survey of nine bitcoin traders/agencies in a nationwide operation. Bitcoin transactions are an emerging instrument of investment which is unregulated by any law.
  • Investment in bitcoins has emerged as a safe haven. The survey intends to find out the extent of investment in bitcoins and the volume of transactions made through bitcoins across India.
  • The data collection could help in bringing about a regulation on investment in cryptocurrencies.The Reserve Bank of India has only issued a cautionary note to users of virtual currencies against risks.

Gender and Trade: Read Here

  • Almost three-fourths of the nations that comprise the 164-member World Trade Organisation have backed a declaration seeking women’s economic empowerment by expeditiously removing barriers to their participation in trade.However, India remains opposed to the proposal.
  • India strongly supports gender equality but it could not concur with the view that gender is a trade-related issue. It could lead to advanced countries using gender-related policies to curb exports from the developing world and also indirectly restrict developing countries from incentivizing their women citizens.
  • Gender-related discussions should take place at appropriate fora and not at the WTO, which is purely a trade-related body.

Indian Economy: Read Here

  • The key political economy challenge for India to achieve further economic reforms is to establish the correct balance between the state, the market, and the private sector.Five-pronged agenda can be made as the framework to achieve these targets—privatization, employment creation, deep fiscal adjustment, primary education and building state capacity.
  • The agenda is influenced by the development success of the tiger economies of Asia, with their focus on macroeconomic stability, adequate provision of public goods, labor-intensive industrialization and dependence on exports to make up for the inadequacy of domestic aggregate demand.
  • The past few years have seen important changes such as macroeconomic stability, a new monetary policy framework, the goods and services tax, and the bankruptcy law. The goal of inclusive growth in terms of job creation in the organized sector remains elusive.