December 4 – Easily Memorize Decriminalization of Politics, and more
Decriminalization of Politics
NEWS:
- The Central government has told the Supreme Court that it rejected the idea of barring convicted legislators for life from contesting elections, forming or becoming an office-bearer of a political party.
What has Happened
A case was filed in Supreme Court
- A life ban on conviction should uniformly apply to members of the judiciary, executive, and legislature.
- There should not be any discrimination of one from the other.
- An MP or MLA convicted for offenses enumerated in Section 8 of the Representation of the People Act should be banned for life.
Election Commission:
- Yes.
- A life ban is necessary to “champion the cause of decriminalization of politics”.
Union Ministry of Law and Justice
- No.
- An elected representative of the people cannot be equated with public servants who are banned for a lifetime on conviction.
- Disqualification under the Representation of the People Act of 1951 for the period of the prison sentence and six years thereafter was enough for legislators.
Economic Recovery
NEWS:
Finance Minister has said that:
India’s economy is firmly on the path of a V-shaped recovery after the collapse in the first quarter.
Further improvement is expected in the third quarter, ‘notwithstanding some moderation’ in November’s indicators.
Different Types of Recovery
- The Z-shaped recovery
- Most-optimistic scenario
- The economy quickly rises like a phoenix after a crash.
- In V-shaped recovery
- The economy quickly recoups lost ground
- It gets back to the normal growth trend-line.
- A U-shaped recovery
- Economy, after falling, struggles and muddles around a low growth rate for some time.
- Economy rises gradually to usual levels.
- A W-shaped
- Growth falls and rises, but falls again before recovering yet again, thus forming a W-like chart.
- The L-shaped recovery
- Worst-case scenario.
- In this, growth after falling stagnates at low levels.
- The economy does not recover for a long, long time.
What the Finance minister said:
Credit –Hindustan Times
Understand Different types of Economic Recovery
Credit – PBS NewsHour
Fisheries Negotiation
NEWS:
- India recently submitted its proposal at the on-going negotiations at the World Trade Organization (WTO) on preventing harmful fisheries subsidies.
History
- The World Trade Organisation launched the negotiations on “fisheries subsidies” in the year 2001 during the Ministerial Conference at Doha.
- The negotiation was launched with an objective to improve and clarify the extent WTO guidelines on subsidies given in fisheries.
- The scope of Fisheries Negotiation was further widened during the Hong Kong Ministerial Conference in 2005, wherein some forms of fishing subsidies that lead to overfishing were prohibited.
- At the Ministerial Conference held in Buenos Aires in 2017, a Sustainable Development Goal with respect to Fisheries was adopted.
- The Sustainable Development Goal 14.6 states that by 2020, certain forms of fisheries subsidies that contribute to overcapacity and overfishing should be eliminated.
Proposals placed by India
- India has suggested that the role of the dispute settlement panel in fisheries management of coastal areas should be limited.
- India has also suggested that a member should be allowed to retain its sovereignty in the matter.
- According to India, the WTO needs to prevail by the determinants of Regional Fisheries Management Organizations.
Regional Fisheries Management Organizations
- These are the international organizations that are formed by countries with common interests in the fisheries sector.
- These organizations are open to the coastal states, countries in the region, or countries having interests in fisheries.
- They have the power to manage fishing effort limits. Also, the obligations are binding on the members of the organizations.
