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Showing posts from September, 2019

Q. Discuss the challenges and benefits of India entering into Nuclear Supplier Grops.

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The Nuclear Suppliers Group (NSG) is a multilateral export control regime that aims to prevent the proliferation of nuclear weapons by regulating the transfer of nuclear-related technology, equipment, and materials. India, being a nuclear-armed country, has expressed its interest in joining the NSG. The decision to enter the NSG comes with both challenges and potential benefits for India. Let's explore them: Challenges of India joining the NSG: Non-Proliferation Concerns: One of the challenges for India's entry into the NSG is addressing concerns related to non-proliferation. As a non-signatory to the Nuclear Non-Proliferation Treaty (NPT), India's nuclear status and its commitment to non-proliferation are questioned by some NSG member states. India needs to address these concerns and assure member states that it will adhere to non-proliferation norms. Consensus-Based Decision-Making: The NSG operates on the basis of consensus among its member states. This means that even ...

Q. Climate Change and Global Warming - Present Scenario

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The present scenario of climate change and global warming is a matter of great concern. Here are some key aspects of the current situation: Rising Temperatures: Global temperatures have been steadily increasing over the past century due to the accumulation of greenhouse gases (GHGs) in the atmosphere. This is primarily caused by human activities such as burning fossil fuels, deforestation, and industrial processes. The consequences of rising temperatures include more frequent and intense heatwaves, changing weather patterns, and shifts in ecosystems. Extreme Weather Events: The impact of global warming is evident in the increasing frequency and intensity of extreme weather events. These include heatwaves, droughts, wildfires, hurricanes, heavy rainfall, and flooding. Such events have devastating consequences for communities, infrastructure, agriculture, and biodiversity. Melting Ice and Rising Sea Levels: Global warming has led to the melting of glaciers, ice caps, and permafrost in po...

Q. Recently drone attack on Saudi Aramco oil processing has been led to the suspension of more than half of the Saudi Arabia's daily crude oil output , How this is development bound to affect several emerging economies including that of India !

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The drone attack on Saudi Aramco's oil processing facilities, specifically the Abqaiq and Khurais facilities, which took place on September 14, 2019, had a significant impact on Saudi Arabia's oil production. The attack resulted in the suspension of more than half of Saudi Arabia's oil production, causing a temporary disruption in global oil supply and affecting oil prices. The attack was carried out by drones, reportedly launched from Houthi-controlled areas in Yemen. The drones targeted key infrastructure, including oil processing units and oilfields, causing extensive damage. The attack highlighted the vulnerability of critical energy infrastructure to such unconventional methods. As a result of the attack, Saudi Arabia had to halt production and shut down the damaged facilities for repairs and security assessments. This temporary shutdown led to a significant reduction in the country's oil output, resulting in a loss of millions of barrels per day. The suspension o...

Q. Why India's growth figures are off the marks?

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There can be multiple factors contributing to discrepancies or variations in India's growth figures. Some of the reasons why India's growth figures may not always meet expectations or appear off the mark include: Statistical Challenges: Measuring economic growth accurately is a complex task. India's vast and diverse economy presents challenges in data collection, estimation, and quality. The accuracy and timeliness of data collection can vary across sectors and regions, leading to potential discrepancies in growth calculations. Informal Economy: A significant portion of India's economy operates in the informal sector, which is characterized by unregistered or unorganized economic activities. The informal sector often goes unaccounted for in official growth figures, leading to an incomplete representation of economic output. Volatile Agricultural Sector: Agriculture plays a significant role in India's economy, and its performance can be influenced by various factors...

Q. Why is India's Economic growth weaker than expected? Mention the factors contributing to the growth and decline of the economy.

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There can be multiple reasons why India's economic growth may be weaker than expected. Some of the key factors contributing to this situation include: COVID-19 Pandemic: The COVID-19 pandemic has had a significant impact on India's economy, leading to disruptions in various sectors. Lockdown measures, supply chain disruptions, reduced consumer spending, and decreased business activity have all contributed to a slowdown in economic growth. The pandemic has affected sectors such as manufacturing, services, tourism, and hospitality, which are vital for India's economic output. Structural Challenges: India faces several structural challenges that can impede economic growth. These challenges include inadequate infrastructure, bureaucratic hurdles, complex regulations, rigid labor laws, and limited access to credit. Addressing these structural bottlenecks requires concerted efforts and long-term reforms to enhance productivity, promote investment, and foster entrepreneurship. Sl...