Bilawal Bhutto-Zardari’s recent visit to India to attend an SCO conference has sparked renewed interest in the state of bilateral relations between India and Pakistan.
Points hit out by India
What made New Delhi toughen its stand?
The thickly forested Rajouri-Poonch sector has become a hotbed of Pakistan terrorism since 2021 and the present attacks are designed by Rawalpindi to derail the G-20 meeting. |
What are the current issues between India and Pakistan?
The World Health Organization that Covid-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that killed at least 7 million people worldwide.
When does a health threat become ‘global emergency’?
Previous global emergencies
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Is Covid not a threat anymore?
The Union health ministry has decided to rename its national programme and portal aimed at tackling the rising challenge of non-communicable diseases.
The need
Non-communicable diseases (NCD)
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The Previous Programme
The new programme
National NCD Portal:
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Widening the ambit of the Prevention of Money Laundering Act, the Finance Ministry has tightened the reporting norms for non-profit organisations and beneficial ownership rules.
Basics of India’s Anti-money laundering (AML) regulations
PML (Maintenance of Records) Amendment Rules, 2023
What are the recent amendments to PMLA, 2002?
PEPs are individuals who have been “entrusted with prominent public functions by a foreign country, including the heads of States or Governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials”. |
Definition The notification defines non-profit organisations as entities or organisations that are registered as a trust or a society under the Societies Registration Act, 1860, or any similar state legislation, or a company registered under Section 8 of the Companies Act, 2013. |
Who needs to follow anti-money laundering regulations?
As of May, 2023, the following entities are subject to AML Compliance in India:
Entities Subject to AML Compliance in India |
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Individuals |
Beneficial owners |
Companies |
Trusts |
Non face-to-face customers |
Partnership firms
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Foreign portfolio investors |
NGOs |
Politically exposed persons outside India |
Banking intermediaries and financial companies |
Intermediaries in the crypto ecosystem, such as crypto exchanges, wallets, service providers |
Accounting professionals including CA, CS, CWA
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Which authorities investigate and prosecute anti-money laundering offences in India?
The Commerce Ministry is exploring various options to cope with the European Union’s decision to introduce a Carbon Tax, including retaliatory tariff measures, a challenge at the World Trade Organisation and measures to help smaller Indian exporters.
What is EU’s Carbon Tax?
EU’s Emission Trading System (ETS)
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How would EU’s Carbon Tax impact India?
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Why the burden would be more on developing countries (like India)?
China, the world’s biggest greenhouse gas emitter, has opposed the CBAM as a trade barrier, while it is also planning to develop its own emissions trading market. |
How India can switch to low carbon process?
What are the ‘Green Hydrogen’ challenges for India?
Polity & Governance (GS-II) River Cities Alliance (RCA) |
National Mission for Clean Ganga (NMCG) in association with the National Institute of Urban Affairs (NIUA) organized the ‘River-Cities Alliance (RCA) Global Seminar. About RCA
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Science & Technology (GS-III) GSK’s Arexvy, world’s first RSV vaccine |
The Food and Drug Administration (FDA) approved Arexvy from GSK, making the British pharma giant’s product the first U.S.-cleared shot for respiratory syncytial virus (RSV). About respiratory syncytial virus (RSV).
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Context:
India’s year-long presidency of the G-20, and leadership of the Shanghai Cooperation Organisation (SCO), should not blind us to the persisting challenges the nation faces, due to a concatenation of circumstances.
Two camps and distrust
The issues for India begin with China
Verifying, please be patient.