Daily Current Affairs- 16th July 2022
Iran, Belarus to be newest
SCO Members
Iran and
Belarus are likely to be the two newest additions to the China and
Russia-backed Shanghai Cooperation Organisation (SCO) grouping.
What is
SCO?
After the
collapse of the Soviet Union in 1991, the then security and economic
architecture in the Eurasian region dissolved and new structures had to come
up.
The original
Shanghai Five were China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
The SCO was
formed in 2001, with Uzbekistan included. It expanded in 2017 to include India
and Pakistan.
Since its
formation, the SCO has focused on regional non-traditional security, with
counter-terrorism as a priority.
The fight
against the “three evils” of terrorism, separatism and extremism has become its
mantra. Today, areas of cooperation include themes such as economics and
culture.
India’s
entry to the SCO
India and
Pakistan both were observer countries.
While
Central Asian countries and China were not in favor of expansion initially, the
main supporter — of India’s entry in particular — was Russia.
A widely
held view is that Russia’s growing unease about an increasingly powerful China
prompted it to push for its expansion.
From 2009
onwards, Russia officially supported India’s ambition to join the SCO in 2017.
China then
asked for its all-weather friend Pakistan’s entry.
Why
expand now?
China and
Russia are looking to frame the grouping as a counter to the West —
particularly after Russia’s invasion of Ukraine.
China wishes
to draw a sharp contrast between the SCO and NATO.
Changing
narrative of SCO
There has
been discussion in the international arena that the trend of non-alignment is
back.
NATO is
based on Cold War thinking.
The logic of
NATO is creating new enemies to sustain its own existence.
However, SCO
is a cooperative organisation based on non-alignment and not targeting a third
party.
India and
SCO: Present status
India will
host the SCO summit next year, and Varanasi has been selected as the SCO
region’s first “Tourism and Cultural Capital”.
India will
also be chairing the summit.
Public Capex Plan key to
long-term growth: FM
Finance
Minister said India’s long-term growth prospects were embedded in public
capital expenditure programs.
What is
the news?
FM has
raised capital expenditure (capex) by 35.4% for the financial year 2022-23 to
₹7.5 lakh crore to continue the public investment-led recovery of the
pandemic-battered economy.
The capex
last year was ₹5.5 lakh crore.
What is
Capital Expenditure (Capex)?
The
government’s expenditure is categorized into two:
The one
which results in asset development or acquisition known as CAPEX,
Another is
utilized to cover operating costs and obligations but does not result in asset
creation known as Revenue expenditure.
Capex is
defined the as money spent on the acquisition of assets such as land,
buildings, machinery, and equipment, as well as stock investments.
What
attributes to capex?
The portion
of government payments that goes toward the construction of assets such as
schools, colleges, hospitals, roads, bridges, dams, railway lines, airports,
and seaports amounts to capex.
The
acquisition of new weaponry and weapon systems, such as missiles, tanks,
fighter planes, and submarines, necessitates a significant financial outlay.
The defense
sector receives over a third of the central government’s capital spending,
primarily for armament acquisitions.
Despite the
fact that defense spending is classified as a capital expenditure, it does not
result in the development of infrastructure to support economic growth.
Also
includes investments that will produce earnings or dividends in the future.
Significance
of Capex
Economic
recovery: This action is crucial in light of the economic slowdown induced by
the Covid-19 epidemic, as well as a dip in the employment ratio.
Value
creation: Capital asset formation provides future cash flows for the economy
and contributes to value creation.
Multiplier
Effect: Capex is expected to have a Multiplier Effect (a change in rupee value
of output with respect to a change in rupee value of expenditure).
Increased
employment: Capital spending creates jobs and improves labor productivity as a
result of the multiplier effect.
Macroeconomic
Stabilizer: Capital Expenditure serves as a macroeconomic stabilizer and is an
excellent instrument for countercyclical fiscal policy.
Political tussle over Podu
Cultivation and Forest Lands in Telangana
Activists
have taken up the issue of Podu cultivation of adivasis and tribals in forest
areas in Telangana.
What one
means by Podu?
Podu is a
traditional system of cultivation used by tribes in India, whereby different
areas of jungle forest are cleared by burning each year to provide land for
crops.
It is a form
of shifting agriculture using slash-and-burn methods. The word comes from the
Telugu language.
Traditionally
used on the hill-slopes of Andhra Pradesh, it is similar to the jhum method
found in north-east India and the bewar system of Madhya Pradesh.
What is
the ‘Podu’ Land Issue?
The
Telangana government had decided in 2021 to move landless, non-tribal farmers
engaged in shifting cultivation inside forests to peripheral areas in an effort
to combat deforestation.
It ensured
that all steps would be taken to ensure that forest land was not encroached
upon.
It is
observed that podu progressively degrades large areas of the forest.
What TS
has to offer as alternative to Podu?
To stop this
deforestation, the government wants to move out cultivators from deep inside
forests to the periphery by allotting them land for cultivation.
Tribal
farmers who have been traditionally cultivating for decades would not be
affected by this drive against illegal encroachers.
The land
ownership titles have been given to tribals and more than 3 lakh acres have
been allocated to tribal farmers state-wide.
And what
about non-tribal farmers?
These
farmers can apply to the state government to allocate them land outside the
forests.
Those who
are moved out of the forests would be given land ownership certificates, power
and water supplies and Rythu Bandhu benefits.
Rise in Unvaccinated
Children in India
The number
of children in India who were unvaccinated or missed their first dose of
diphtheria-tetanus-pertussis (DTP) combined vaccine doubled due to the
pandemic, rising from 1.4 million in 2019 to 2.7 million in 2021, according to
official data published by the WHO and UNICEF.
Why in
news?
This data
signifies that the world recorded the largest sustained decline in childhood
vaccinations in approximately 30 years.
There was an
increase in zero dose.
This is the
first time ever there has been a decline in evaluated coverage in immunisation
for India as a whole.
Vaccination
measures in India
Intensified
Mission Indradhanush (IMI) 4.0: India started IMI 4.0 from February 2022, which
is expected to further reduce the number of unvaccinated children.
India’s Universal
Immunisation Programme (UIP): It provide free vaccines to all children across
the country to protect them against Tuberculosis, Diphtheria, Pertussis,
Tetanus, Polio, Hepatitis B, Pneumonia and Meningitis due to Haemophilus
Influenzae type b (Hib), Measles, Rubella, Japanese Encephalitis (JE) and
Rotavirus diarrhoea. (Rubella, JE and Rotavirus vaccine in select states and
districts).
About
Intensified Mission Indhradhanush (IMI) 4.0
IMI 4.0 aims
to fill gaps in the routine immunisation coverage of infants and pregnant women
hit by the Covid-19 pandemic and also aims to make lasting gains towards
Universal Immunization.
It will have
three rounds and will be conducted in 416 districts across 33 states.
Unlike the
past, each round under IMI 4.0 will be conducted for seven days, including
Routine Immunization (RI) days, Sundays, and public holidays.
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