GS SCORE

13th June 2022 (6 Topics)

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13th June 2022

QUIZ - 13th June 2022

5 Questions

5 Minutes

Mains Question:

Q1. Discuss the factors that deprive children of basic education and aggravate the issue of child labour in India. Also suggest measures to curtail the issue of child labour. (150 words)

Approach

Introduction Child labour in India (the current situation)
discuss factors responsible for child labour
Impact on children, society as a whole
Mention some important government schemes and constitutional provisions
Suggest policy measures
Conclude accordingly

Editorials

The FATF and Pakistan’s position on its ‘grey list’

International Relations International Organization

Ahead of the plenary session of the Financial Action Task Force (FATF), the global financial crime watchdog, from June 14 to 17 in Berlin, Pakistan which continues to face an economic crunch, is hoping for some respite in the form of its removal from the FATF’s ‘grey list’ or the list of countries presenting a risk to the global financial system.

What is the FATF?

International watchdog for financial crimes -The Financial Action Task Force is an international watchdog for financial crimes such as money laundering and terror financing.
Address loopholes in the global financial system -It was established at the G7 Summit of 1989 in Paris to address loopholes in the global financial system after member countries raised concerns about growing money laundering activities.
Sets standards or recommendations for countries -The FATF sets standards or recommendations for countries to achieve in order to plug the holes in their financial systems and make them less vulnerable to illegal financial activities.

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