Daily Current Affairs for 04 July 2023
SCO
- Shanghai Cooperation Organization
- It is a permanent intergovernmental international organisation. It was created in 2001.
- The SCO Charter was signed in 2002, and entered into force in 2003.
- Head Quarters – Beijing, China.
- It’s a Eurasian political, economic and military organisation aiming to maintain peace, security and stability in the region.
Current Members: Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India and Pakistan.
- Iranis set to become a permanent member of the SCO in 2023.
- India was made an observer at the SCO in 2005 and has generally participated in the ministerial-level meetings of the grouping which focus mainly on security and economic cooperation in the Eurasian region.
- India and Pakistan became members in 2017.
3 Observer States
- Afghanistan
- Belarus
- Mongolia
Article 370
- Article 370 is a constitutional provision that gave Jammu and Kashmir its special status.
- The provision was incorporated in Part XXI of the Constitution: Temporary, Transitional and Special Provisions.
- Article 370 which gives special status to Jammu & Kashmir exist in the Indian constitution because of the agreement between Jawahar Lal Nehru and Maharaja Hari Singh
significant
- The article allowed the state a certain amount of autonomy – its own constitution, a separate flag and freedom to make laws. Foreign affairs, defence and communications remained the preserve of the central government.
- As a result, Jammu and Kashmir could make its own rules relating to permanent residency, ownership of property and fundamental rights. It could also bar Indians from outside the state from purchasing property or settling there.
Article 35A
- Article 35A the Indian Constitution was an article that empowered the Jammu and Kashmir state’s legislature to define “permanent residents” of the state and provide special rights and privileges to them.
- It was added to the Constitution through a presidential order, i.e., The Constitution (Application to Jammu and Kashmir) Order, 1954 – issued by the President of India under Article 370.
The Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Ordinance, 2022
- The Bill prohibits online gambling and online games of chance played for money or other stakes
- The Act defines online games of chance as those where both an element of chance and skill are involved, and the element of chance dominates over the element of skill.
- It also specifies that games can be presented as games of chance; the element of chance can only be eliminated by superlative skill; or games involve cards, dice, or wheel which work on random event generators.
- The Act explicitly names Rummy and Poker as games of chance
Online gaming sector in India:
- The revenue of the Indian mobile gaming industry is expected to reach $5 billion in 2025.
- The industry grew at a compound annual growth rate (CAGR) of 38 percent in India between 2017-2020, as opposed to 8 percent in China and 10 percent in the US
STATES
Green Tamil Nadu Mission
Aim:
- Increasing the state’s tree and forest cover from 23.69% to 33% of the geographical area by 2030-31 through
- 265 crore seedlings of native trees of economic and ecological significance will be planted over 10 years
- 73 lakhs seedlings have been raised and handed over to Department of Agriculture.
- 260 nurseries in 43 forest division throughout the State.
- State Green Committee & District Green Committee for protection & management of trees.
Under TN Green climate company, it implement 3 missions,
- TN Climate change Mission
- The green TN Mission
- TN wetland Mission
Cauvery Water Disputes Tribunal
- It was set up to adjudicate upon the water dispute regarding the Inter-State river Cauvery and the river valley thereof among the States of Karnataka, Kerala, Tamil Nadu and Union territory of Puducherry.
- In 1892: The dispute started between the Madras Presidency (under British rule) and the Princely state of Mysore.
- 1924: The dispute comes close to being resolved when Mysore and Madras reach an agreement under which Mysore is allowed to build a dam at Kannambadi village.
- The agreement is to be valid for 50 years
- In 1990,Cauvery Water Disputes Tribunal was set up
- In 2007,the tribunal declared its final award, in which it said Tamil Nadu should receive 419 tmcft
- In 2018, The apex court gave its final verdict saying that Karnataka will get an additional 14.75 TMC of the river water and Tamil Nadu will get 177.25 instead of 192 TMC water
Article 262
- Parliament may by law provide for the adjudication of any dispute or complaint with respect to the use, distribution or control of the waters of, or in, any inter-State river or river valley.
- Parliament may, by law provide that neither the Supreme Court nor any other court shall exercise jurisdiction in respect of any such dispute or complaint as mentioned above
Other River Disputes india
- Krishna Water Disputes Tribunal II (2004) – Karnataka, Telangana, Andra Pradesh, Maharashtra
- Mahanadi Water Disputes Tribunal (2018) – Odisha & Chattisgarh
- Mahadayi Water Disputes Tribunal (2010) – Goa,Karnataka, Maharashtra
- Ravi & Beas Water Tribunal (1986) – Punjab, Haryana, Rajasthan
- Vansadhara Water Disputes Tribunal (2010) – Andra Pradesh & Odisha
ECONOMY
The Purchasing Manager’s Index (PMI)
- an economic indicator derived from the monthly survey of the private sector companies.
- PMI aims in providing information regarding the current and future conditions of a business to the decision-makers, analysts and investors of the company.
The five major Survey Areas:
- Employment
- New orders
- Production
- Inventory levels
- Supplier deliveries
The PMI is a number from 0 to 100.
- PMI above 50 represents an expansionwhen compared to the previous month;
- PMI under 50 represents a contraction, and A reading at 50 indicates no change.
8 core sectors
- The eight core sector industries in decreasing order of their weightage:
- Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers
Important Countries and Their Currencies
IMPORTANT DAYS
International Day of Cooperatives
- is commemorated on July 1st and is celebrated on the first Saturday of July.
Theme:
“Cooperatives for Sustainable Development.”
Significance :
Unites people, communities, and organizations worldwide to honor the impressive influence of cooperative businesses.
By joining forces, we recognize and appreciate the power of collaboration, which has positively impacted numerous lives and shaped communities on a global level