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Rau’s IAS Focus Magazine March 2020 PDF
Wednesday, March 18, 2020
Rau’s IAS Focus Magazine March 2020 PDF
The HINDU Notes – 18th March 2020
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13:07
📰 A revival of multilateralism, steered by India
A leadership role by India in mobilising world collaboration would be in keeping with its traditional activism globally
•The COVID-19 pandemic has brought out in sharp relief the compelling reality that has been staring us in the face for the past several years. This reality has two aspects. One, that most challenges confronting the world and likely to confront it in the future, are cross-national in character. They respect no national boundaries and are not amenable to national solutions. Two, these challenges are cross-domain in nature, with strong feedback loops. A disruption in one domain often cascades into parallel disruptions in other domains.
•Thus the use of chemical fertilizers and toxic pesticides may promote food security but have injurious health effects, undermining health security. Whether at the domestic or the international level, these inter-domain linkages need to be understood and inform policy interventions. The UN Sustainable Development Goals (SDGs) reflect this awareness.
Rise of nationalism
•The intersection of cross-national and cross-domain challenges demand multilateral approaches. They require empowered international institutions of governance. Underlying these must be a spirit of internationalism and solidarity, a sense of belonging to a common humanity. But over the past decade and more, the world has been moving in the reverse direction. There has been an upsurge in narrow nationalism, an assertion of parochial interests over pursuit of shared interests and a fostering of competition among states rather than embracing collaboration. COVID-19 has brought these deepening contradictions into very sharp relief. This is a global challenge which recognises no political boundaries. It is intimately linked to the whole pattern of large-scale and high-density food production and distribution. It is a health crisis but is also spawning an economic crisis through disrupting global value chains and creating a simultaneous demand shock. It is a classic cross-national and cross-domain challenge.
The direction now
•But interventions to deal with the COVID-19 crisis are so far almost entirely at the national level, relying on quarantine and social distancing. There is virtually no coordination at the international level. We are also seeing a blame game erupt between China and the United States which does not augur well for international cooperation and leadership. While this is the present state of play, the long-term impact could follow alternative pathways. One, the more hopeful outcome would be for countries to finally realise that there is no option but to move away from nationalistic urges and embrace the logic of international cooperation through revived and strengthened multilateral institutions and processes.
•The other more depressing consequence may be that nationalist trends become more intense, countries begin to build walls around themselves and even existing multilateralism is further weakened. Institutions such as the United Nations and the World Health Organization which are already marginalised may become increasingly irrelevant. There could be a return to autarkic economic and trade policies and an even deeper and more pervasive anti-globalisation sentiment. Unless there is a conscious effort to stem this through a reaffirmation of multilateralism, we are looking at a very depressing decade ahead. This is when the world needs leadership and statesmanship, both in short supply. This is in contrast to the U.S.-led response to the global financial and economic crisis of 2008 when the G-20 summit was born and a coordinated response prevented catastrophic damage to the global economy. Is there a role here for India which is a key G-20 country, the world’s fifth largest economy and with a long tradition of international activism and promotion of rule-based multilateralism?
•In this context, Prime Minister Narendra Modi’s remarks at the recent The Economic Times Global Business Summit are to be welcomed. While speaking of the COVID-19 crisis, he said, “Like today, the world is facing a huge challenge in the form of Corona Virus. Financial institutions have also considered it a big challenge for the financial world. Today, we all have to face this challenge together. We have to be victorious with the power of our resolution of ‘Collaborate to Create’.”
•He went on to observe that while the world today is “inter-connected, inter-related and also interdependent”, it has “not been able to come on a single platform or frame a Global Agenda, a global goal of how to overcome world poverty, how to end terrorism, how to handle Climate Change issues.”
•Mr. Modi lauded his government’s policy of seeking friendship with all countries as contrasted from the earlier policy of non-alignment. He seemed to suggest that non-alignment was a defensive policy which advocated “equal distance from every country”. Now, he claimed, India was still “neutral” — presumably meaning non-alignment — “but not on the basis of distance but on the basis of friendship”.
•He cited India’s friendship with Iran and Saudi Arabia, and with the U.S. as well as Russia. Elaborating on this, he added, “There was a time when people were neutral by creating equal distance, but we are now neutral by creating equal friendship. Today we are being friends and trying to walk together. This is the very essence of India’s foreign policy and the economic policy of India today.”
India’s foreign policy
•Mr. Modi may wish to distinguish his foreign policy from that of his predecessors, but what he describes as its “essence” is hardly distinguishable from the basic principles of Indian foreign policy since Nehru. India’s non-alignment was anything but defensive. The international peace-keeping contribution that the Prime Minister referred to has its origins in Nehru’s sense of international responsibility.
•India has always professed its desire to have friendly relations with all countries but has been equally firm in safeguarding its interests when these are threatened. India’s non-alignment did not prevent it from forging strong and mutually beneficial partnerships with major countries. The India-Soviet partnership from 1960-1990 is an example just as the current strategic partnership with the U.S. is. The foreign policy of his predecessors had been rooted in India’s civilisational sense, its evolving place in the international system and its own changing capabilities. Their seminal contributions should be acknowledged and built upon rather than proclaim a significant departure. The Prime Minister’s plea for global collaboration to deal with a densely inter-connected world is in line with India’s traditional foreign policy. A leadership role in mobilising global collaboration, more specifically in fighting COVID-19 would be in keeping with India’s traditional activism on the international stage. The Prime Minister has shown commendable initiative in convening leaders of the South Asian Association for Regional Cooperation nations for a regional collaborative effort on COVID-19. This should be followed by an international initiative, either through the G-20 or through the U.N.
Pandemic as opportunity
•The Prime Minister made no reference to the role of the U.N., the premier multilateral institution, as a global platform for collaborative initiatives. There may have been irritation over remarks by the UN Secretary General on India’s domestic affairs and the activism displayed by the UN Commissioner for Human Rights on the Citizenship (Amendment) Act controversy. This should not influence India’s long-standing commitment to the U.N. as the only truly inclusive global platform enjoying international legitimacy despite its failings. If one has to look for a “single platform” where a Global Voice could be created, as the Prime Minister suggested, surely a reformed and strengthened U.N. should be on India’s agenda.
•The COVID-19 pandemic presents India with an opportunity to revive multilateralism, become a strong and credible champion of internationalism and assume a leadership role in a world that is adrift. The inspiration for this should come from reaffirming the well springs of India’s foreign policy since its Independence rather than seeking to break free.
📰 We need more policewomen
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GS SCORE Prelims 2020 Test 31 With Solution PDF
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THE HINDU NEWSPAPER IMPORTANT ARTICLES 18.03.2020
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FRONT PAGE
NATIONAL
INTERNATIONAL
OPINION
Tuesday, March 17, 2020
Vision IAS Prelims 2020 Test 28 With Solution PDF
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Daily Current Affairs, 17th March 2020
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17:15
1) Mansukh Mandaviya launches ’Ropax’ ferry service in Maharashtra
2) Top tech giants to jointly fight against COVID-19 misinformation
•These companies are jointly combating fraud and misinformation about the virus as well as elevating authoritative content on their platforms. They are also focusing on sharing the critical updates in coordination with government healthcare agencies around the world.
•Among the above tech giants, Facebook and Instagram have already started banning the ads and commerce listings selling medical face masks on their platforms to stop people from exploiting the emergency caused by COVID-19 pandemic.
3) Philippines becomes 1st country to suspend all financial markets
•The decision to suspend the financial markets is expected to be followed by other exchanges amid a broad lockdown in the Philippines.
4) Oil India signs COSA agreement with Numaligarh Refinery
5) Hirdesh Kumar becomes new Chief Electoral Officer of J&K
6) CRPF & Aditya Mehta foundation sign MoU to enable the ‘Divyang Warriors’
•A Memorandum of Understanding (MoU) was formalised between the force and the Aditya Mehta Foundation here in presence of CRPF Director General (DG) A P Maheshwari. The MoU is aimed to create new opportunities for such personnel who remain an integral part of the force.
•A total of 189 CRPF personnel can be trained in varied skills like acquiring working knowledge of the cyberspace, artificial intelligence, para-sports and many other such areas. The DG also honoured five such specially-abled personnel of the force with DG’s commendation disc and certificates for bringing laurels in the field of para-sports.
7) An Extraordinary Life: A biography of Manohar Parrikar
•Manohar Parrikar served as the Defence Minister of India from 2014 to 2017 and also served four times as the Chief Minister of Goa.
8) Flipkart ties up with Aegon to sell life insurance policies
•The tie-up aims to change the notion of customers regarding life insurance policies as customers think that it is expensive and cumbersome to buy including long and rigid tenures and mis-selling. The tie-up will give a new vision to this by making life insurance available to customers at the click of a button in a convenient and transparent manner.
About the policy:
•The life insurance policies to be offered will be having varied offerings with sums assured ranging from Rs 1 lakh to Rs 10 lakh. It will also include premiums starting from Rs 129 for Rs 1 lakh sum insured. The availability of the policy is confined to the existing customers of Flipkart between the age of 18 and 65 years.
9) Arfa Sherwani & Rohini Mohan conferred with Chameli Devi Jain Award
•The award is an Indian journalistic award which was instituted by the Media Foundation in 1980, named after Chameli Devi Jain, a legendary freedom fighter, community reformer who went to prison during India’s freedom struggle. The annual award recognises social concern, dedication, courage and compassion all over India from the print, broadcast and online media category.
The HINDU Notes – 17th March 2020
VisionIAS
17:03
📰 RBI’s focus on liquidity is correct
Rate cut is an option for another day
•The messaging from the press conference of RBI Governor Shaktikanta Das is loud and clear: the central bank has an armoury of weapons and it will not hesitate to deploy them to mitigate the impact of COVID-19 on the economy. The two steps that Mr. Das has outlined now — forex swap and a second long-term repo operation (LTRO) of Rs. 1 lakh crore — are aimed at supporting liquidity in the market. Market rates may incidentally fall as the LTRO is at the repo rate of 5.15%.
•The focus on liquidity is the right thing to do at this point in time. A rate cut, while being a short-term sentiment booster, is not going to help in alleviating the situation as seen by the experience in the U.S., where the Federal Reserve has taken the funds rate to zero, but the markets remain unimpressed.
•The situation is clearly an evolving one and prudent action requires that the central bank keep its powder dry simply because we may not have seen the worst yet in terms of the virus impact, both in human and economic terms. In fact, in economic terms, this is just the start of what’s likely to be a long period of instability and falling growth in the global economy. The falling indices and currencies are only a manifestation of the first order impact. The second, and more severe one, will come when major economies either slow down sharply or tip into recession. The disruption caused to commerce, trade and travel already is so immense that the effects on the world economy will be felt for the rest of this calendar year. The effect will multiply if the virus infection curve does not flatten over the next 2-3 weeks.
•India cannot remain insulated from global economic turbulence and economic growth is sure to slow down in the coming quarters. In such a situation, it is sensible to hold on to the rate cut option for use at a more challenging time, which is bound to follow. With headline inflation and core inflation — both CPI and WPI — trending south, food prices reducing and fuel prices falling (despite the government appropriating some of the benefit in the form of higher excise duty), the environment is indeed favourable for a rate cut, if the monetary policy committee were to decide on one.
•The question is one of timing. The RBI Governor would surely want elbow room in the monetary policy space and not find himself in the position of the Fed or the central banks of other developed countries, where rates have been beaten down to zero or close to zero, leaving no space for action. The focus will be on the next meeting of the monetary policy committee in the first week of April, unless if the situation deteriorates so badly that the RBI is forced to act urgently.
📰 Fight for the finite
