Professional Documents
Culture Documents
Context
The long-drawn negotiations between the U.S. and the Taliban and the signing of the peace
deal.
Details
● The peace deal was signed in the Qatari capital Doha by U.S. Special Envoy Zalmay
Khalilzad and Taliban political chief Mullah Abdul Ghani Baradar.
● The key features of the agreement:
○ The deal lays the groundwork for intra-Afghan talks, negotiations between the Afghan
government and the Taliban.
○ The deal could pave the way for a full withdrawal of foreign soldiers from
Afghanistan over the next 14 months and represents a step towards ending the
18-year-war in the nation. In exchange, the Taliban has to guarantee that it will not
allow militant groups like the al-Qaeda to operate within Afghanistan.
■ The U.S. under the deal is committed to reducing the number of its troops to
8,600 from the current 13,000 within 135 days of signing the deal.
■ The U.S. is also said to be working with allies to proportionally reduce the
number of coalition forces in Afghanistan if the Taliban adheres to its peace
commitments. However, under the deal, Western powers could continue to
maintain military bases.
○ Under the prisoner swap agreement, the Taliban has agreed to release 1000 Afghan
prisoners in exchange for the release of around 5000 Taliban fighters from the
Afghan government.
● The U.S. and the elected government of Afghanistan also announced a joint declaration in
parallel to the accord.
India’s Stand
● India has been always supportive of the inclusive peace process, specifically
Afghan-owned, Afghan-led and Afghan-controlled.
● The participation of the Afghan government’s delegation during the Doha agreement as
well as the upcoming intra-Afghan peace negotiations would be following the path
desired by India.
● The deal has reiterated India’s commitment to Afghanistan’s pursuit of “sustainable
peace and reconciliation”.
● As a contiguous neighbour, India will continue to extend all support to the
Government and people of Afghanistan in realising their aspirations for a peaceful,
democratic and prosperous future where the interest of all sections of Afghan society are
protected.
Conclusion
● The signing of the agreement has spurred hopes that it could lead to an end to the almost
two decades of conflict and bring long-lasting peace in Afghanistan. America has been
cautious in its approach, by stating that the accord though a good step is just the
beginning and the road ahead will not be easy.
● There are concerns that the talks, scheduled to take place between the Afghan sides,
would be much more complicated. Achieving lasting peace in Afghanistan will require
patience and compromise among all parties.
2. Exclusive body for inter linking of rivers
Context:
The Central government is working on the establishment of an exclusive body to implement
projects for linking rivers.
Details
● The exclusive body for implementation of projects for linking rivers would be called the
National Interlinking of Rivers Authority (NIRA).
● The proposed body is expected to take up both inter-State and intra-State projects.
● It will also make arrangements for generating funds, internally and externally.
● Once approved, the projects will be pursued as national projects, wherein the Centre will
absorb 90% of the cost and the States concerned the rest.
Due to interlinking of rivers, there will be a decrease in the amount of fresh water entering
the seas and this will cause a serious threat to marine life.
3. SC frees trade in crypto currencies
Context
The Supreme Court has set aside an April 6, 2018, circular of the Reserve Bank of India
(RBI) that prohibited banks and entities regulated by it from providing services in relation
to virtual currencies (VCs).
Virtual Currencies
● VCs are digital currencies in which encryption techniques are used to regulate the
generation of the currency units and verify the transfer of funds, operating
independently of a central bank.
● Virtual currency is the larger umbrella term for all forms of non-fiat currency being
traded online.
● Virtual currencies are mostly created, distributed and accepted in local virtual
networks.
● Cryptocurrencies, on the other hand, have an extra layer of security, in the form of
encryption algorithms.
● Cryptographic methods are used to make the currency as well as the network on which
they are being traded, secure.
● Most cryptocurrencies now operate on the blockchain or distributed ledger
technology, which allows everyone on the network to keep track of the transactions
occurring globally.
Conclusion
● Cryptocurrencies have now been adopted by international trading firms for use in lending,
raising funds for other cryptoprojects besides facilitating easier cross-border payments.
● It is for these utilities that the Indian government should err on the side of jurisdictions
such as the European Union which have not outrightly banned the instrument and have
sought to regulate its functioning.
● The 2019 Bill even proposed the creation of a “digital rupee” as official currency.
● It is now imperative on authorities to find the right “regulatory balance” on
cryptocurrencies, a task that is easier thought than done, considering their ever-evolving
nature due to technological innovation.
● The SC ruling gives relief to cryptocurrency exchanges, but they still need to be
regulated.
4. Vivad se Vishwas Bill cleared by Rajya Sabha
Context:
● Rajya Sabha has approved the Direct Tax Vivad Se Vishwas Bill, 2020.
Details:
● The bill will give taxpayers a chance to settle tax disputes by paying their dues without
any interest or penalty till March 31, 2020. The Vivad Se Vishwas scheme waives off
interest and penalty on pending tax if paid by March 31. For payments made after
March 31 and till June 30, a 10% penalty would be charged.
● The scheme is not intended to give amnesty and those already being prosecuted under the
Income Tax Act would be excluded from it. The 75% tax on undisclosed cash deposited
at the time of demonetization would still apply.
● A cap of Rs.5 crores in dues has been included in the scheme to prevent large-scale
evasion or fraud-related cases trying to take advantage of the scheme.
Mechanism:
● The Bill provides a mechanism for resolution of pending tax disputes related to direct
taxes (Income Tax and Corporate Tax) in a simple and speedy manner.
● The Bill in current form allows taxpayers to settle cases pending before the
Commissioner (Appeals), Income Tax Appellate Tribunals (ITATs), Debt Recovery
Tribunals (DRTs), High Courts and the Supreme Court.
● Under the proposed Vivad Se Vishwas scheme, a taxpayer would be required to pay only
the amount of the disputed taxes and will get complete waiver of interest and penalty
provided he pays by March 31, 2020.
● But, if the tax arrears relate to disputed interest or penalty only, then 25% of disputed
penalty or interest will have to be paid.
● Those who avail this scheme after March 31, 2020 will have to pay some additional
amount.
● However, the scheme will remain open only till June 30, 2020. Those who avail this
scheme after March 31, 2020 will have to pay some additional amount.
● The scheme also applies to all case appeals that are pending at any level.
● The recent amendment also includes certain search and seizure cases where the recovery
is up to ₹5 crore.
Immunity to Appellant
● Once a dispute is resolved, the designated authority cannot levy interest or penalty in
relation to that dispute.
● Further, no appellate forum can make a decision in relation to the matter of dispute once
it is resolved.
Revival of Disputes
● However, if an appellant provides false information or violates the Income Tax Act, 1961,
then the case of dispute can be revived.
5. Getting Vaccine ready for COVID 19
Context
With the World Health Organization finally declaring COVID-19 a pandemic, all eyes have
turned to the prospect of a vaccine, because only a vaccine can prevent people from getting
sick.
About 35 companies and academic institutions are racing to create such a vaccine, at least
four of which already have candidates they have been testing in animals.
Context:
In a bid to boost large-scale electronics manufacturing in India, the Union Cabinet
approved three schemes, with a total outlay of around 48,000 crores.
Background:
The National Policy on Electronics 2019 envisions positioning India as a global hub for
Electronics System Design and Manufacturing (ESDM) by encouraging and driving
capabilities in the country for developing core components and creating an enabling
environment for the industry to compete globally.
Context
As the novel coronavirus spreads, a double crisis looms over India: a health crisis and an
economic crisis.
Unlike the health crisis, it is not class-neutral, but hurts poor people the most.
Interruptions
There is a danger of people’s hardships being aggravated by a tendency to shut down
essential services. Public transport, administrative offices, court hearings, MGNREGA
projects and even immunisation drives have already been suspended to varying degrees in
many States. Some of these interruptions are certainly justified, but others are likely to be
counter-productive.
Even if discontinuing public services helps to contain the health crisis, the economic
consequences need to be considered. To assess the case for various precautionary measures,
we must bear in mind the dual motive for taking precautions.
Conclusion
The urgent need for effective social security measures makes it all the more important to
avoid a loss of nerve. The way things are going today, it will soon be very difficult for some
State governments to run the Public Distribution System or take good care of drinking water,
which would push even more people to the wall, worsening not only the economic crisis but
possibly the health crisis as well. This is not the time to let India’s frail safety net unravel. If
the poor must stay at home, they need income support and essential services.
8. Picking up Quantum Tech Baton
Context
Union Budget 2020-21 proposed to spend ₹8,000 crore ($ 1.2 billion) on the newly launched
National Mission on Quantum Technologies and Applications (NMQTA).
The mission seeks to develop quantum computing linked technologies amidst the second
quantum revolution and make India the world’s third biggest nation in the sector after the US
and China.
Significance
● With a solid research base and workforce founded on significant and reliable government
support, it can lead to the creation of innovative applications by industries, thereby
stimulating economic growth and job creation, which will feed back into a growing
quantum-based economy.
● The government’s financial and organisational support will also ensure that both public
and private sectors will benefit.
● It will establish standards to be applied to all research and help stimulate a pipeline to
support research and applications well into the future.
Challenges
● On the experimental front, the challenge lies in harnessing the weird and wonderful
properties of quantum superposition and entanglement in a highly controlled manner by
building a system composed of carefully designed building blocks called quantum bits or
qubits.
● On the theoretical front lies the challenge of creating the algorithms and applications for
quantum computers.
● India, has been plagued by a lack of sufficient resources, high quality manpower,
timeliness and flexibility.
India's Effort
● Globally, research in this area is about two decades old, but India’s serious
experimental work has been under way for only about five years.
● In 2018, the government initiated serious discussions in quantum technologies and kick
started research projects across 51 organisations under QUEST – Quantum Enabled
Science and Technology. However, no significant progress is made in this field until
NMQTA.
9. Virtual Summit for G20
Context
An Extraordinary Virtual G20 Leaders’ Summit was convened on 26 March 2020 to discuss
the challenges posed by the outbreak of the COVID-19 pandemic and to forge a global
coordinated response.
The video-conference of leaders of the world’s top twenty economies was hosted by Saudi
Arabia’s King Salman bin Abdulaziz Al Saud.
G20 countries
The G20 countries are a group of 20 countries established in September 1999 by the
finance ministers of the G7 countries as an international forum which would help preserve
international financial stability.
The G20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India,
Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa,
Turkey, the United Kingdom, the United States and the European Union (EU).