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April 21st 2021 | UPSC Prelims Current Affairs | The Hindu Simplified



U.S. currency watchlist an intrusion into policy [Page 1 of The Hindu]


NEWS : U.S. Treasury Department recently retained India on a watchlist for currency manipulator.

Who is designated as Currency Manipulator?

· As per US Government, countries which engage in “unfair currency practices” resulting in a trade advantage are designated as Currency Manipulator.

· This involves buying or selling of foreign currency in exchange for domestic currency to influence the exchange rate and commercial policy.

Response of India :

· Commerce secretary of India questioned the decision of the US and clarified that this action without any economic logic.

· China accumulated 4$ Trillion, whereas India have reserves of only 500-600$ bn.


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A low carbon future through sector led change pg.no.8

· The Intergovernmental Panel on Climate Change (IPCC) 1.5°C report called for global carbon emissions to reach net zero by 2050

· In India, a sector led, action-based approach could provide the framework to drive low ­carbon transformation

· To achieve net ­zero emissions, a key is to decarbonise the electricity sector


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3) Border situation cannot be swept under carpet pg.no.10

· India’s ties with china is dependent on the maintenance of peace at the border.

· It is the first time that the People’s Liberation Army (PLA) has confirmed the deployment of long-range rocket systems to the border with India.

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5) A few countries cannot set global rules, says Xi Jinping pg.no.13

· China’s President Xi Jinping global rules cannot be imposed “by one or a few countries” and attempts to “decouple” would not benefit any nation at the annual Boao Forum, a meeting known as China’s Davos

· China would continue to take forward its Belt and Road Initiative (BRI), including for joint vaccine production begun with BRI partners, including Indonesia, Brazil, UAE, Malaysia, Pakistan and Turkey

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6) Russia will launch own space station in 2025 pg.no.15

· Russia’s space agency to launch its own orbital station in 2025 as Moscow considers withdrawing from the International Space Station programme to go it alone

· The International Space Station (ISS) is modular space station in low earth orbit involving five participating space agencies: NASA (United States), Roscosmos (Russia), JAXA(Japan), ESA (Europe), and CSA(Canada)

· Russia this month marked the 60th anniversary of Yuri Gagarin becoming the first person in orbit — the country’s space programme has struggled in recent years.

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