Today's Headlines

Today's Headlines - 12 December 2023

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Decoding Putin's dramatic visit to the Gulf

GS Paper II

News Excerpt:

Vladimir Putin’s recent interactions with Gulf leaders have brought Russia into the mainstream of West Asian affairs and affirmed that the Sino-Russian alliance will challenge U.S. hegemony.


Local bodies can be allocated a portion of GST collections

GS Paper II and III

News Excerpt:

NK Singh, Chairperson of the 15th Finance Commission and the Institute of Economic Growth, suggested that a specific percentage of the Goods and Services Tax (GST) could be allocated to local bodies.


State finances and their capacity to undertake growth-enhancing capital expenditures

GS paper III

News Excerpt:

Recently, reports released by RBI states that a return to Old Pension Scheme by a few states would exert a huge burden on their finances.


Pandemic Accord Deliberations Stalled Over Patents and Intellectual Property Rights

GS Paper III

News Excerpt

Countries have finished the seventh round of deliberations on the pandemic accord. However, delegates failed to reach a consensus on intellectual property rights and relaxing patents.


Also in News


Truth and Reconciliation Commission

News Excerpt:

Justice Sanjay Kaul, in his opinion, recommended setting up a Truth and Reconciliation Commission to look into alleged violations of human rights by both state and non-state actors in J&K.


FSB report highlights risks in Crypto intermediaries

News Excerpt:

The Financial Stability Board (FSB) in their latest report assessed the risks associated with multi-function crypto-asset intermediaries (MCIs), emanating from their structural vulnerabilities.


Indian Forest & Wood Certification Scheme

News Excerpt: 

The Ministry of Environment, Forests and Climate Change has launched the Indian Forest & Wood Certification Scheme to promote sustainable Management of forests and agroforestry.


Bio-Crusts & Great Wall of China

News Excerpt:

A recent collaborative study by Chinese, American, and Spanish experts explores the contentious discussion among the conservation community about the influence of biocrusts on the Great Wall of China.


Catastrophe bonds 

News Excerpt:

Insurance companies in India have faced losses from recent floods, like the Sikkim floods in October and the Chennai floods in December. The insurance industry has, over the years, developed instruments to deal with such disasters: Catastrophe bonds or 'cat bonds'.


VINBAX-2023

News Excerpt:

Exercise VINBAX 2023 will be conducted in Hanoi, Vietnam, from 11th to 21st December 2023.