India’s emphasis on raising agricultural tactics with China

Context

It is known that China’s trade war continues with the United States, so to reduce its impact, China non-U.S. Showing generosity for import. Because there is very little chance that the world’s two largest economies agree on possible ceasefire. Therefore, considering the possibility of better export opportunities in this field, India’s emphasis is on increasing the export of its agricultural products in China.

key points

  • It is understood that China will first prioritize its food security by providing diversity to its imports due to trade war, so has New Delhi raised its agro-diplomacy with Bijing.
  • In this context, for the last two months, seminars and road shows are being organized by Indian food and beverage producers in the capital of China.
  • There are good prospects in China especially for Assam tea because it dissolves well with milk. China has traditionally been a market for Green Tea, but now the trend of drinking tea in the youth is increasing rapidly.
  • In June this year, India received a dividend payment from the Chinese exports introduced to China.
  • This month was initially said in a statement the Ministry of Commerce, the Indian Sugar Mills Association signed the first Chinese export contract for 50,000 tons with Cofco (COFCO).
  • China has also started importing non-basmati rice from India during the Qingdao summit of Shanghai Cooperation Organization (SCO) in June. Officials say that China is a lucrative market of 5 to 2 billion dollars for Indian rice.
  • In October this year, after a visit by a delegation of Indian rice traders to Beijing, China opened its doors for 24 rice mills located in India. These efforts are in China-US In view of the ongoing trade war between the two countries, China is being used to take advantage of agricultural market.

Soya source

  • Although the export of Indian soybeans is clearly in priority, even after China imposed a 25% duty on US imports, China’s large soybean market has not yet been fully successful, although through negotiations There may be some progress in this.
  • However, other agricultural products can move beyond soybean to make their place in the Chinese market. Recently, Jai Shree T & Industries Limited signed a $ 1 million contract for Black Tea export with Chinese government-owned COFCO.

Trade imbalance

  • Despite the signs of incremental progress, India’s trade imbalance of $ 63 billion with China is dangerous. India has an important global footprint in the fields of pharmaceuticals, information technology services and tourism, but their “weak presence” has been observed in China.
  • Earlier this year, India expressed concern about China’s trade policy review during the WTO balancing its unfavorable trade balance and specifically cited those constraints that led to Indian exporters of rice, meat, pharmaceuticals and IT products to Chinese There was resistance in reaching the market.

Indian economy

Controversy between the finance ministry and the RBI

Why in the discussion ?

Government of India has submitted a proposal for changes in rules for close monitoring of central bank, Reserve Bank of India (RBI). The Modi administration has recommended that the board of the Reserve Bank of India will create a regulation for the establishment of the panel. This panel of financial stability (Financial Stability) , monetary policy transmission (Monetary Policy Transmission) Foreign Exchange Management (Foreign Exchange Management) will relate supervision functions.

an objective

The objective behind this action by the government is to empower the RBI’s regulatory board, which includes government candidates; And as well as providing it the role of supervisor.

Potential dispute

  • The latest proposal can increase the tension between India’s Ministry of Finance and the central bank. In this regard, a situation of confrontation may arise on the various issues discussed in the meeting on November 19. In these issues, the government will be able to simplify the transfer of surplus funds, bad credit norms, ensure the liquidity of Shadow Banking Sector etc.
  • In addition to the Reserve Transfer, the Cash Adequacy Ratio, which is currently 9%, is also considered to be an issue of confrontation between the government and the RBI. The government believes that compared to the global norms (the Bank of International Supplement is 8%), the norms here are quite harsh.

Government and RBI logic

  • Recently, the transfer of surplus reserves remains a matter of dispute between the government and central bank. The Government is seeking the right over the Additional Fund to increase the expenditure on road, port and the poor of the country.
  • At the same time, RBI says that the transfer of funds to the government will weaken the RBI’s independence and also damage the market.
  • In the meeting to be held on November 19, 2018, it would be a matter of simplifying the rules regarding the transfer of funds to the central government between the government and the RBI. Along with this, liberalization of the norms of weaker bonds will also be included in order to promote credit in the economy.

Other point

  • Recommendation has been made to establish some committees in which each will be created by including 2 to 3 Board members. The body has the right to make rules under section 58 of the RBI Act, 1934 and no legislative changes will be required for this.
  • Indian RBI will also review risk weight and capital related regulations for Indian banks, which are considered to be more stringent than Basel guidelines.
  • Other proposals of the agenda include reconstruction of loans up to 250 million rupees received by the micro, small and medium enterprises.
  • RBI, can also come to the point of easing the tight financial situation prevailing in the banking sector, including cash supply through Bond’s open market purchase.
Shadow Banking
  • Shadow banking refers to all those non-bank financial intermediaries, which provide services like traditional commercial banks.
  • Generally, they do this for traditional banking activities, but they do away with the traditional system of regulated depository institutions. 
    Shadow banking was a major cause of the sub-prime mortgage crisis of 2007-2008 and the global recession.
  • The word shadow bank was used by Paul McCualy in 2007, which meant that those non-banking financial institutions used short-term deposits for long-term loans.
  • The functions of shadow banking include: credit intermediation, liquidity transformation and maturity transformation etc.

Indian economy

Initiative of Trans Fatty Acids Control in Foods in Kerala

With the technical assistance of the World Bank, World Health Organization and FSSAI , the Health Department of the Government of Kerala and Food Security Department is going to introduce a new initiative. Under this, guidelines will be implemented for food items. Among them , there is a plan to reduce the amount of trans fat acids, salt and sugar in commercially available foods in the state. This initiative is being done in the state in view of the increase in metabolism syndrome from unhealthy foods and due to the increased data of premature deaths due to non-communicable diseases.
The latest estimates show that 24 to 33 per cent of Keralites are likely to have metabolism syndrome. That is, this syndrome can be found in one of three or four people. This problem is seen in women more.

What is metabolism syndrome (Metabolism Syndrome) ?

The group of metabolic abnormalities is called metabolism syndrome. These abnormalities include high blood pressure, high blood sugar, abdominal abnormalities and abnormal levels of cholesterol or triglyceride. Together they raise the risk of heart disease, stroke and diabetes.
The worrisome thing in Kerala that is seen in triglyceridemia is triglyceridemia. I.e. excess of triglyceride in the blood. This level has seen up to 45 per cent. One of the major reasons for this is the high amount of fat and carbohydrate in foods. In these circumstances, the need to change the diet was felt to reduce the effects of non-communicable diseases. In fact, industrial trout fatty acids used in cooked foods, fried chicken, banana chips etc. are working to increase metabolic syndrome in Kerala.

Fact Sheet (Trans Fatty Acids)

World Health Organization (WHO) scale

According to the standards set by the World Health Organization, the amount of trans fat in Total Energy Intake should be less than 1%. Apart from this, the World Health Organization has appealed to eliminate trans fatty acids by global food supply by 2023. In the country, FSSAI has proposed to limit the amount of trans fatty acids in food items to 2% and to eliminate trans fat from food by 2022.
In view of the severity of the situation, the Food Security Department of Kerala Government is preparing to collect samples from across the state to check trans fatty acids. Under this, lifting at least 300 samples of popular food items from the market will be seen in the laboratory of trans fatty acids present in them.
State Health Department hopes that after getting the Baseline Information , the food industry and the unorganized food sector will be asked to keep trans fatty acids within legal boundaries. Apart from this, there is also a plan to create a special campaign to generate awareness among people on this issue.

Miscellaneous

Rapid Fire Current Affairs (November 19)

Rapid Fire Current Affairs (November 19)

  • November 19: World Toilet Day organized; ‘When Nature Calls’ is the theme of this year
  • November 19: 101st birth anniversary of former Prime Minister Indira Gandhi
  • November 19: Jubilee of Queen Laxmibai of Jhansi
  • Regional meeting of World Custom Organization concludes in Jaipur; 33 Asian countries took part  
  • Asia-Pacific Economic Cooperation (APEC) Conference concluded in Port Moresby, capital of Papua New Guinea
  • Eighth National Conference of Women in Police, organized in Ranchi; The Bureau of Police Research and Development comes under the Home Ministry. 
  • Union Minister Suresh Prabhu launches AieSewa 2.0 web portal and the advance version of mobile app
  • Maharashtra Legislative Assembly passed the Maratha Reservation Bill; A new category of social and economically backward names  
  • Delhi Police launches e-portal NIPUN to provide online training and information to its personnel
  • To give insurance cover on subsidy to dairy farmers, the Government of Kerala launched the ‘Ga Samrihi Yojana’
  • First hospital opened in Mathura, Uttar Pradesh for the care and treatment of elephants in India
  • IndusInd Bank Launches Country’s First Interactive Credit Card
  • Prime Minister inaugurated KMP Express Way; Low pollution from vehicles in Delhi  
  • Organizing the Quami Ekta Week from November 19 to 25 throughout the country
  • Dr. Saroj Suman Gulati, director of Blue Bells Group of Schools, got Global Education Award 2018
  • Sanjay Kumar Seth became the 24th Chief Justice of the Madhya Pradesh High Court; High Court’s main bench in Jabalpur
  • Scientists in Kutch, Gujarat, found 10 million years old fossils of humans 
  • Padmashree honored Ed Guru and theater personality Alake Padamsee dies

preliminary examination

Steam engine driven train

After at least two decades on November 17, 2018, the steam engine powered train ran commercially on the narrow gauge line of Kangra Valley Railway in Himachal Pradesh.
    • This train was a group of British travelers who came here to get the experience of Indian heritage.
    • For this train, the Railways has prepared ZB 66 Steam locomotive and added two coaches in it. ZB class steam locomotives were designed in the 1950s.
    • The train set a distance of 14 km between Palampur and Baijnath Paprola. It is worth mentioning that for traveling by this train, the Railways recovered approximately 1.5 lakh rupees from each passenger.

Quami Ekta Week

To celebrate the communal harmony and national unity and mixed culture and national sentiment, the Quami Ekta Week is being organized throughout the country from November 19-25, 2018.
  • The Quami Ekta Week provides an opportunity to express tolerance, coexistence and values ​​of brotherhood and commitment towards centuries old traditions.
  • Celebrating the Quami Ekta Week, the country gets an opportunity to highlight its inherent persistence in dealing with real and potential threats, the secular fabric of the country is strong and the sense of communal harmony increases.
  • In order to maintain communal harmony, the Home Office’s self-governing organization, National Foundation for Communal Harmony (NFCH) organizes communal harmonious campaigns during Quami Ekta Week and celebrates the communal harmonious flag day on 25th November.
  • NFCH encourages communal harmony and strengthens national unity.

‘Modernization of police communication system and its challenges 

A two-day conference on ‘Modernization of Police Communications System and its Challenges’ is being organized in New Delhi on November 19-20, 2018.
  • The conference is being organized by the Coordination Police Wireless (DCPW) Directorate (a nodal advisory body of the Home Ministry for the police communication system in the country). The objective of the conference is to provide a forum for discussions on different issues of Police Communications System in the country and modernize it with technology development.
  • The conference will discuss the communication challenges coming in front of Police and CAPF of the States and Union Territories.
  • Discussed in the conference about recurring spectrum related issues for police communication system, encryption in police communication system, next generation / future technology for police protection, and software deployed radio for various applications in the police telecommunication system. Will go.
  • The chiefs of all the States / UTs and CAPF will participate in this conference. Senior officials of the Ministry of Home Affairs, Department of Telecommunication, Wireless Planning Commission, Indian Telecom Regulatory Authority, Bharat Electronics Limited, Defense Electronics and Applied Laboratory and other prestigious organizations will also be present in the conference.
About DCPW
  • This department came into existence on February 19, 1946. Initially it was given as ‘Wireless Inspectorate’ and in 1950 the Directorate Coordination Directorate (Police Wireless), under the Ministry of Home Affairs.

Footpath and Computational Approach

The Central Road Research Institute organized an International Conference on ‘Footpath and Computational Approach’ on November 16-17, 2018.
  • The objective of this conference was to consider the progress made in the development of pavement technology and road infrastructure across the world, with special focus on the needs of developing countries.

Parambikulam Tiger Reserve

In a recent survey conducted at Parambikulam Tiger Reserve, 221 species of butterflies were found in this reserve, of which 11 varieties were spatial for this region.
  • Buddha Peacock or Buddha Mayuri is the state butterfly of Kerala.
  • Parambikulam Tiger Reserve is located in the Palakkad district of Kerala between Annamalai and Nalayampathi Hills of South-Western Ghats.
Updated: December 21, 2018 — 6:24 pm

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