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      Current Affairs - December 2020

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      • Current Affairs - December 2020
      • December 4 – Easily Memorize Decriminalization of Politics, and more

      December 4 – Easily Memorize Decriminalization of Politics, and more

      • Posted by Vizmins Official Post
      • Date December 6, 2020
      • Comments 0 comment
      December current affairs 2020

      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.

      Tag:Current Affairs, Decriminalization of Politics, Recovery of Economics, UPSC

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