3 February 2024
GS area: International Relations
The Union Cabinet approved India's Bilateral Investment Treaty (BIT) with the United Arab Emirates. A BIT is a treaty between two countries that establishes rules protecting investors from each country against arbitrary government action in the other country.
Static linkage: International Relations (trade agreements, FDI policy, India-UAE relations).
GS area: Economy (Agriculture, Animal Husbandry)
The AHIDF was set up as part of the Atmanirbhar Bharat Abhiyan in 2020. It provides incentive-linked loans through banks to support private investment in:
Dairy processing: Setting up or upgrading milk processing plants.
Meat processing: Abattoirs and meat processing units.
Animal feed plants: To improve feed quality and reduce costs.
Vaccine and pharmaceutical production: For livestock disease management.
Fund size: 15,000 crore rupees at inception.
Ministry: Ministry of Fisheries, Animal Husbandry and Dairying.
Interest subvention: 3 per cent per annum on loans for eligible projects.
Static linkage: Economy (animal husbandry, food processing, rural infrastructure).
GS area: Internal Security (Cyber Security)
Volt Typhoon is a Chinese state-sponsored hacking group identified by cybersecurity agencies in the United States and allied nations. The group builds and operates a botnet, which is a network of internet-connected devices (routers, cameras, storage devices) that have been compromised without their owners' knowledge.
Static linkage: Internal Security (cyber security, critical infrastructure protection).
GS area: Environment (Biodiversity, Migratory Species)
A Black-crowned Night Heron bearing a band placed by Beijing researchers was sighted and photographed in Manipur. The sighting confirms the bird's migration route between China and Northeast India.
Static linkage: Environment (migratory species, Northeast India biodiversity, CMS).
GS area: Environment, Governance
The Supreme Court mandated regular performance audits for India's environmental regulatory bodies. In the same order, the Court made the Central Empowered Committee (CEC) a permanent body rather than an ad hoc one.
Static linkage: Environment (pollution control, regulatory bodies), Polity (Supreme Court, judicial oversight).
Check yourself
Consider the following statements about a Bilateral Investment Treaty (BIT): 1. A BIT protects investors of one country from arbitrary government action in the other country. 2. India adopted a new model BIT in 2016 after reviewing its earlier treaty framework. 3. A BIT and a Free Trade Agreement cover identical subject matter. Which of the statements given above is/are correct?
Check yourself
The Animal Husbandry Infrastructure Development Fund (AHIDF) was set up under which programme?
Check yourself
Volt Typhoon, in the context of cybersecurity, refers to:
Check yourself
The Central Empowered Committee (CEC) in India was established by:
Check yourself
The Convention on the Conservation of Migratory Species (CMS) is headquartered in: