Editorials/Opinions Analysis For UPSC 12 November 2022
Contents
- It’s time for rich countries to pay back.
- India is no more in USA’s Currency Monitoring List
It’s Time For Rich Countries To Pay Back.
Context
The article emphasises that the window of opportunity to limit global warming to 1.5 degrees Celsius appears to be closing rapidly, and it examines the prospects and feasibility of limiting carbon emissions to 45% by 2030 and reaching net zero by 2050 to avert disaster.
Relevance
GS Paper 3: Conservation related issues.
Mains question
Discuss the steps that must be taken in order to meet India’s climate change targets by 2070. (250 words)
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India Is No More in USA’s Currency Monitoring List
Context
- The US Department of Treasury has removed India from its Currency Monitoring List of major trading partners, joining Italy, Mexico, Thailand, and Vietnam on the list.
- India was on the list for the previous two years.
Relevance
GS Paper 3: Effects of liberalisation on the economy (post 1991 changes), changes in industrial policy and their effects on industrial growth, Effect of Policies & Politics of Countries on India’s Interests
Mains Question
What exactly is currency manipulation? What are the implications for India of being removed from the US Treasury’s currency manipulation monitoring list? (150 Words)
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