Let’s proceed with IMEC
despite Gaza war , Greek PM tells India
·
Greece President
Miskotis is the chief guest at
the Raisina dialogues that started on Wednesday in New Delhi .
·
The Greek President in his inaugural address
said that despite “ destabilizing “ plans
for India Middle East Economic Corridor ( IMEC ) due to war in Gaza ,
India and Greece should preserve it with “ peace project “ .
Earlier in the day …
●
Mr . Mistokatis also discussed doubling trade with
India . The two countries finalized a mobility and regulation pact to regulate
legal migration , as well as cooperating on co production and consumption
development of military hardware .
●
At a media event after the talks , Mr Modi said Greece
had decided to join the Indo- Pacific
Oceans Initiative launched by India .
About IMEC –
·
It was launched during G20 in India .
·
There is a plan to connect India’s port in
Mumbai and Gujarat with Port in UAE (
Jebel Ali ) and then from there to Saudi
Arabia and Jordan to Israel ( Haifa port ) , from Israel it will be Connected to Greece’ Piraeus Port which will
act as gateway to the rest of Europe .
·
From UAE to Saudi Arabia and Jordan Railway and
Roads are to be constructed under the project .
·
The IMEC project will allow quick delivery of
Indian Goods to Europe and the Middle East .
·
Currently transportation solely through water
takes more time .
Indo Pacific Oceans
Initiatives –
·
The Indo Pacific Ocean Initiative was launched
in 2022 by India .
Manipur HC removes portion
of its order on ST tag for Meities
·
A bench of Manipur High court on Wednesday, modified its own March 27 order
, ordering the removal of Part ( 3 ) , which had instructed the Manipur govt to consider inclusion of Miete
in the list of Scheduled Tribe .
·
The contentious paragraph said the state
government “ shall consider the case of the petitioners for inclusion of Meitie
tribe in Schedule Tribe list , expeditiously …..“
·
This has started the conflict between Meitie and
Kuki tribes that is still going on .
·
The Supreme Court had questioned this when
Tribal groups filed a petition against HC directive .
Union cabinet can approve
100 % FDI in space sector
·
The Union govt on Monday took several key
decisions on Wednesday .
Some of
the key decisions are
●
100 % FDI is allowed in the Space Sector . The policy
will allow investors to invest in Indian space companies .
●
Upto 74% under
automatic route : Satellites manufacturing and operation , Satellite data
products and Ground segment and User Segment . Beyond 74 % these activities are
with the government .
●
Upto 49% under
automatic route : Launch vehicle and associated systems and subsystems ,
Creation of speceport for creation and launching and receiving spacecraft .
Beyond 49 % these activities are with govt .
●
Upto 100% under
automatic route : Manufacturing systems and subsystems for satellites .
The statement by govt says : The increased private sector
participation would help generate employment , enable modern technology
absorption and make the sector self reliant .
It is expected to integrate Indian companies with global
value chain .
SP, Congress finalized seat
sharing deal ahead of LS poll
·
SP and Congress has confirmed a seat sharing
arrangement to fight in upcoming Lok
Sabha elections in Uttar Pradesh and Madhya Pradesh .
·
Out of total 80 seats in Lok Sabha from Uttar Pradesh
Congress has been allotted 17 while , SP has been allotted 63 .
·
In Madhya Pradesh SP will contest at Khajuraho
seat while at remaining 28 seats it will support Congress .
CE 20 Cryogenic engine is
now human rated
·
ISRO’s
CE20 has completed final round of testing for getting qualified to be human
rated The engine will be used in third
stage of Gaganyaan Mission .
Science
Astronomers find hot helium stars
they were looking for
·
Astronomers have found a new class of stars ,
they had been looking for a decade .Researchers have first time found a hot
helium star they were looking for .
·
Helium Star – A helium star generally have mass
2.5 to 40 times greater than sun .The reaction incorporating in this is
coveresioon of Helium nucleus in heavier Berilium and then Carbon Nucleus .
How SpaceX became
Indonesia’s space launcher of choice
·
Chinese Rockets are cheaper and easy for a
country to buy . In April 2020 ,A Chinese rocket malfunctioned while
carrying Nusantara 2 a Indonesia satellite , it was blow to
Indonesia .
·
Indonesia has launched 2 satellites using SpaceX
rockets .Third satellite launch is in line.This is a rare occassion when
Indonesia is using a Western country for
such activities .
On Financial devolution among states
Why in news ?
·
Recently few South Indian states has raised the
concern that they are not gettingtl their fair share as per scheme of financial
devolution .
·
They also claimed that their contribution to
taxes is quite high and not proportionate with receipt of taxes they get .
What is divisible
pool of taxes ?
·
Article 270 talks of devolution of taxes to
states . Finance Commission is constituted every five years as per under Article
280 . The Finance Commission suggests how taxes should be distributed to
different states …. How much taxes should be devakued between different states
etc .
·
The government of India has notified 16 th
Finance Commission under chairmanship of Arvind Pangariya for making
recommendation for period between 2026-31 .
What is the basis
of allocation ?
●
15 th
Finance commission has recommended 41% taxes to be devolved .
●
The criteria set by 15th Finance Commission are :
income distance – Distance of a state’s income from the state with
highest per Capita income .
State with lower per capita
income will be given a higher share to maintain equity among states .
Population – Higher the Population. higher will be the devolution .
Forest and Ecology – Higher the forest cover more funds willbbe
allocated .
The demographic Performace – The state with better performace in
controlling population will be preferred in fund distribution .
Tax Collection – States with
Higher the tax collection efficiently will be preferred .
What are the issues –
●
Cess and
Surcharges not devolved or states – Cess and Surcharges makes 23% of tax collected
that is not given to states .
●
There is steep variaton in tax distribution to the
states who contribute to central taxes . Industrially developed states such as
Gujrat and Tamilnadu generally get much less to the tax they contribute than
states like Bihar and Uttar Pradesh .
●
Percentage distribution to South Indian states has been
declining over last six FC s.
There are current issues work
cess and surcharge distribution among states .
World
Labour
rebellion averted as House considers Gaza vote
·
In British Parliament ruling party tables a
resolution on that called for “ immediate humanitarian pause “ in Gaza .
·
This was in response of Scottish National
Party’s ( SNP ) motion that called for “ immediate ceasefire in Gaza and Israel
“ .
·
Current govt in UK is facing heavy pressure for
humanitarian ceasefire in UK .Death in
Gaza
has crossed 29,000 .
Private US spacecraft to land on moon
·
A private US lunar lander has reached
lower orbit of moon on Wednesday , it
will make amends to. Land on moon a day after .
·
The company , Intuitive Machines will become
first private company to ace moon landing , of landing is successful .
Brazil’s
G20 presidency kickstart in Rio with ministers meet
·
In its first G20 meeting in Rio De Jenerio with Foreign ministers across the
world kickstarting talk on Climate
change , poverty and heightened Global tension .
