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Current Affairs 28 January 2022 | Legacy IAS

CONTENTS

  1. India-Central Asia Virtual Summit
  2. Air India strategic disinvestment completed
  3. Opposed to third party in LAC talks, China tells U.S.
  4. The stock market’s recent downturn across the world
  5. Corruption Perception Index 2021
  6. Swiss gold exports to China and India hit multi-year highs

India-Central Asia Virtual Summit

Context:

Prime Minister hosted the first India-Central Asia Summit in virtual format, which was attended by Presidents of the Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan.

Relevance:

GS-II: International Relations (India’s Foreign policy, Foreign Policies, Treaties and Agreements affecting India’s Interests)

Dimensions of the Article:

  1. Highlights of the summit
  2. Three main objectives of the Summit
  3. About Central Asia
  4. What is the genesis of India-Central Asia relations?
  5. What are India’s strategic interests in Central Asia?
  6. Recent ties between India and Central Asian countries

Click Here to Read More : India-Central Asia Virtual Summit


Air India strategic disinvestment completed

Context:

The Union government on Thursday transferred its shares in Air India, along with control and management, to the Tata Sons subsidiary Talace, ending a disinvestment process that started five years ago and saw a failed attempt. The airline has been a public sector undertaking from 1953.

  • Tatas will get Air India’s fleet of 141 planes, along with ownership of iconic brands like Air India, Indian Airlines and the Maharajah.

Relevance:

GS-III: Indian Economy (Growth and Development of Indian Economy, Fiscal Policy, Inclusive growth and issues therein, Budgeting)

Dimensions of the Article:

  1. What is Disinvestment?
  2. What is Strategic Disinvestment?
  3. Evolution of Disinvestment Policy in India
  4. Privatization in 2019 and onwards
  5. Policy of Strategic Disinvestment announced in the Union Budget FY 2021-22
  6. Issues related to Disinvestment
  7. Significance of the disinvestment

Click Here to Read More : Air India strategic disinvestment completed


Opposed to third party in LAC talks, China tells U.S.

Context:

China’s military said it was “opposed to third-party involvement” in the India-China border dispute, as it hit out at comments from Washington about Beijing “intimidating” its neighbours.

Relevance:

GS-II: International Relations (India’s Neighbors, Foreign policies and Agreements affecting India’s Interests)

Dimensions of the Article:

  1. India-China Border disputes
  2. Causes of border disputes between India and China
  3. Highlights of  14th round of talks:
  4. Conclusion

Click Here to Read More : Opposed to third party in LAC talks, China tells U.S.


The Stock Market’s Recent Downturn Across the world

Context:

Recently, the US Federal Reserve announced the final round of its asset purchases. It will thus conclude its balance sheet expansion in March, much ahead of its initial plan. The Fed will subsequently start to increase interest rates in the economy beginning March. Both these measures are aimed at taming inflation, currently at a four-decade high of around 7%.

Relevance:

GS-III: Indian Economy (Capital Market, Fiscal Policy and Monetary Policy)

Dimensions of the article:

  1. What do rising interest rates mean?
  2. Why are stocks falling as interest rates rise?
  3. What lies ahead?
  4. Impact on the economy:

Click Here to Read More : The Stock Market’s Recent Downturn Across the world


Corruption Perception Index 2021

Context:

Recently, the Corruption Perception Index (CPI) 2021 was released by Transparency International.

Relevance:

GS-II: Polity and Governance

Dimensions of the Article:

  1. What is the Corruption Perceptions Index (CPI)
  2. Highlights of Corruption Perceptions Index (CPI) 2021
  3. Recommendations of the Corruption Perceptions Index (CPI)

Click Here To Read More : Corruption Perception Index 2021


Swiss Gold Exports to China and India hit multi-year highs

Context:

Swiss gold exports rose last year to their highest since 2018 as demand for bullion in China and India, the biggest consumer markets, recovered from a collapse early in the COVID-19 pandemic.

Relevance:

GS III- Indian Economy, Facts for prelims

Click Here To Read More : Swiss Gold Exports to China and India hit multi-year highs


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