LAWXPERTSMV INDIA MONTHLY CURRENT AFFAIRS MAGAZINE

INTERNATIONAL LAW

CURRENT AFFAIRS 1: ASEAN AND NOBEL PRIZE

NEWS : Kishore Mahbubani ( Singapore’s best known diplomat ) advocates a Nobel Peace Prize for ASEAN in his latest book, The ASEAN miracle .

WHY ADVOCATED SO ?ASEAN is meeting this January . -25th year commemorative summit.

ASEAN’s ACHIEVEMENT : There is no other region on Planet Earth that is so diverse as the ASEAN region with vast problems it has smooth function.

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CURRENT AFFAIRS 2 : SISTER-STATE AGREEMENT WITH ZURICH CANTON

NEWS : Andhra Pradesh signed an agreement with Zurich,Switzerland- sister-state agreement

Signed by :

• Finance Minister AP : Yanamala Ramakrishnudu

• Zurich Councilor and Head of the Department for Economic Affairs: Carmen Walker Spah

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WHAT THIS AGREEMENT PROVIDES? The agreement will promote collaborations through exchange of experience and information, joint cooperation plans etc.

CURRENT AFFAIRS 3 : Oxfam survey highlights glaring difference in earnings

THE REPORT NAME :‘Reward Work, Not Wealth’

PREPARED BY : Oxfam’s

WHAT WAS ITS FINDING ?

Found that

• the richest 1% in the world owns more wealth than the whole of the rest of humanity;

• 82% of all growth in global wealth in the last year went to the top 1%, while the bottom half of the world’s population saw no increase at all.

SOLUTION : In countries like the U.K., U.S. and India, respondents think CEO's should take a 60% pay cut.

HIGH LIGHT : The survey showed that the wealth of India’s richest 1% increased by over Rs. 20.9 trillion during 2017 — an amount equivalent to the total budget of the Central government in 2017-18.

FINALLY – Economic gap increased drastically.

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