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C A P S U L E W I L L
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P R O V I D E
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Integration of E-MANDIS into E-NAM Platform
Reference News:-
Since 31st March 2018, 415 new mandis have been integrated on National Agriculture
Market (e-NAM) platform.
 As per the Union Budget Announcement 2020-21, additional 1000 mandis to be
integrated with e-NAM platform
About National Agriculture Market (e-NAM) platform
 e-NAM was launched in 2016 as a pan-India electronic agricultural
marketing/trade portal linking APMCs across the States.
 It is managed by Small Farmers’ Agribusiness Consortium (SFAC).
 Controlling Ministry: Ministry of Agriculture and Farmers’ Welfare
 e-NAM provides for contactless remote bidding and mobile-based any time
payment for which traders do not need to either visit mandis or banks for the
same.
 Objective of integrating the existing Mandis to “One Nation One Market” for
agricultural commodities in India.
 It networks the existing APMC mandis to create a unified national market for
agricultural commodities and has a vision:
o To promote uniformity in agriculture marketing by streamlining procedures
across the integrated markets.
o Removing information asymmetry between buyers and sellers and
promoting real time price discovery based on actual demand and supply.
100 Years for ‘Chauri Chaura’ incident:
Reference News:-
Recently, the Prime Minister paid tribute to the heroes of freedom struggle on completion
of the hundred years of Chauri Chaura incident.
What is Chauri Chaura incident?
 The incident (4th February, 1922) occurred at Chauri Chaura in the Gorakhpur
district of the United Province, (modern Uttar Pradesh) in British India.
 During this incident, a large group of protesters, participating in the Non-
cooperation movement, clashed with police, who opened fire.
 The demonstrators attacked and set fire to a police station in retaliation, killing all
of its occupants.
 In response to this, Mahatma Gandhi, who was strictly against violence, halted
the Non-cooperation Movement on the national level on 12 February 1922, as a
direct result of this incident.
Background:
On 1th August, 1920, Gandhiji had launched the Non-Cooperation Movement against the
government.
 It involved using swadeshi and boycott of foreign goods, especially machine made
cloth, and legal, educational and administrative institutions, “refusing to assist a
ruler who misrules”.
Reaction by Mahatma Gandhi and other leaders:
He condemned the crime of the policemen’s killing.
 A Chauri Chaura Support Fund was set up to demonstrate “genuine sympathy” and
seek atonement.
 Gandhi bent the Congress Working Committee to his will, and on 12th February,
1922, the satyagraha (movement) was formally suspended.
Jawaharlal Nehru and other leaders leading the Non-Cooperation movement were
shocked that Gandhiji had stopped the struggle when the civil resistance had
consolidated their position in the freedom movement.
 Other leaders like Motilal Nehru and CR Das recorded their dismay at Gandhi’s
decision and decided to establish the Swaraj Party.
The disillusionment resulting from the suspension of the Non-Cooperation Movement
nudged many of the younger Indian nationalists towards the conclusion that India would
not be able to throw off colonial rule through non-violence.
SC to weigh between ‘national security’, judicial scrutiny:
Reference News:-
The Supreme Court is all set to examine whether the Centre can expect a free pass on
matters pertaining to national security.
What’s the issue?
The question whether the state can use ‘national security’ as a ground to limit judicial
scrutiny has come up for scrutiny in the MediaOne TV channel case.
The government has cited national security reasons in the Kerala High Court for
canceling telecast permission to the Malayalam news channel.
 Recently, in its Pegasus snooping case order, the Supreme Court observed that the
Centre cannot expect a ‘free pass’ from the courts as soon as it raises the ‘spectre of
national security’.
Observations made by the supreme court on this matter:
Scope of judicial review is limited in matters involving national security. However, this
does not mean that the state gets a free pass every time the spectre of ‘national security’
is raised.
What harm can this cause?
One of the major concerns raised by citizens recently is the “chilling effect” such state
actions endure to have on free speech, especially in the media.
What has the Supreme Court said in the Anuradha Basin case?
Anuradha Bhasin case concerned Internet restrictions in Jammu and Kashmir in the
backdrop of the abrogation of Article 370.
 The court had ruled that any order of the state which restricts the fundamental
rights of speech or expression should be backed by reasons.
 The courts should be convinced that the state acted in a responsible manner and
did not take away rights in an “implied fashion or a casual or cavalier man.
Other related cases:
In Government of India v. Cricket Association of Bengal and Shreya Singhal v. The Union
of India cases, the court has observed that there is no dispute that freedom of speech and
expression includes the right to disseminate information to as wide a section of the
population as is possible. The wider range of circulation of information or its greater
impact cannot restrict the content of the right nor can it justify its denial.
What is Judicial Review?
Judicial review is the power of Judiciary to review any act or order of Legislative and
Executive wings and to pronounce upon the constitutional validity when challenged by
the affected person.
Judicial review present in India:
1. The power of Judicial Review comes
from the Constitution of India itself
(Articles 13, 32, 136, 142 and 147 of
the Constitution).
2. The power of judicial review is evoked
to protect and enforce the
fundamental rights guaranteed in Part
III of the Constitution.
3. Article 13 of the Constitution
prohibits the Parliament and the state
legislatures from making laws that “may take away or abridge the fundamental
rights” guaranteed to the citizens of the country.
4. The provisions of Article 13 ensure the protection of the fundamental rights and
consider any law “inconsistent with or in derogation of the fundamental rights” as
void.
Delimitation Panel:
Reference News:-
The Jammu and Kashmir Delimitation Commission (headed by retired Supreme Court
Judge Justice Ranjana Prakash Desai) has submitted its interim report. As per the report:
 Of the 90 Assembly seats, 28 new Assembly constituencies have been reconfigured
or renamed.
 19 Assembly segments have been deleted.
 All the five Lok Sabha seats will be redrawn.
 The Shri Mata Vaishno Devi constituency has been identified as the smallest of
all with just 73,648 votes in the Jammu region.
Delimitation exercise in J&K- a timeline:
1. The first delimitation exercise, carving out 25 assembly constituencies in the then
state, was carried out by a Delimitation Committee in 1951.
2. The first full-fledged Delimitation Commission was formed in 1981 and it
submitted its recommendations in 1995 on the basis of 1981 Census. Since then,
there has been no delimitation.
3. In 2020, the Delimitation
Commission was constituted to
carry out the exercise on the
basis of 2011 Census, with a
mandate to add seven more seats
to the Union Territory’ and grant
reservations to SC and ST
communities.
4. Now, the total number of seats in
Jammu and Kashmir will be
raised to 90 from the previous
83. This is apart from 24 seats
which have been reserved for
areas of PoK and have to be kept
vacant in the Assembly.
What is delimitation and why is it needed?
The Delimitation Commission for Jammu and Kashmir was constituted by the Centre on
March 6 last year to redraw Lok Sabha and assembly constituencies of the union territory
in accordance with the provisions of the Jammu and Kashmir Reorganisation Act,
2019 and Delimitation Act, 2002, passed by the Centre in August 2019 along with other
J&K-specific Bills.
What is Delimitation?
Delimitation literally means the process of fixing limits or boundaries of territorial
constituencies in a state that has a legislative body.
Who carries out the exercise?
 Delimitation is undertaken by a highly powerful commission. They are formally
known as Delimitation Commission or Boundary Commission.
 These bodies are so powerful that its orders have the force of law and they cannot
be challenged before any court.
Composition of the Commission:
According to the Delimitation Commission Act, 2002, the Delimitation Commission will
have three members: a serving or retired judge of the Supreme Court as the chairperson,
and the Chief Election Commissioner or Election Commissioner nominated by the CEC
and the State Election Commissioner as ex-officio members.
Constitutional Provisions:
1. Under Article 82, the Parliament enacts a Delimitation Act after every Census.
2. Under Article 170, States also get divided into territorial constituencies as per
Delimitation Act after every Census.
Pradhan Mantri Matru Vandana Yojana:
Reference News:-
The Government has clarified that Aadhaar of Husbands is not
mandatory under the Pradhan Mantri Matru Vandana Yojana, PMMVY, to facilitate the
inclusion of single mothers and abandoned mothers.
About PMMVY:
It is a Maternity Benefit Programme that is implemented in all the districts of the country
in accordance with the provision of the National Food Security Act, 2013.
 The direct benefit cash transfer is to help expectant mothers meet enhanced
nutritional requirements as well as to partially compensate them for wage loss
during their pregnancy.
 The scheme was announced on December 31, 2016. It is being implemented in all
districts of the country with effect from 1st January, 2017.
Beneficiaries:
 All Pregnant Women and Lactating Mothers (PW&LM), excluding those who are in
regular employment with the Central Government or the State Governments or
PSUs or those who are in receipt of similar benefits under any law for the time
being in force.
 All eligible Pregnant Women and Lactating Mothers who have their pregnancy on
or after 1st January 2017 for the first child in the family.
Benefits:
Beneficiaries receive a cash benefit of Rs.
5,000 in three installments on fulfilling the
following conditions:
 Early registration of pregnancy
 Ante-natal check-up
 Registration of the birth of the child
Completion of the first cycle of
vaccination for the first living child of
the family.
The eligible beneficiaries also receive cash
incentive under Janani Suraksha Yojana
(JSY). Thus, on an average, a woman gets Rs.
6,000.
Proposed reforms:
The Centre is likely to soon extend the
benefits under the Pradhan Mantri Matru
Vandana Yojana (PMMVY) — currently
applicable to eligible pregnant women and
lactating mothers for the first child in the
family to the second one — only if the child
born is a girl.
 Move aimed at discouraging pre-birth
sex selection.
China-Pakistan Economic Corridor (CPEC):
Reference News:-
China and Pakistan have signed a new agreement on industrial cooperation as part
of the China Pakistan Economic Corridor (CPEC) plan.
 The industrial cooperation agreement is a key part of what is being called “phase
two” of CPEC.
 The first phase primarily involved Chinese investments in energy projects as well
as road infrastructure.
About CPEC:
Launched in 2015, the CPEC is the flagship project of the multi-billion-dollar Belt and
Road Initiative (BRI), a pet project of Chinese President Xi Jinping, aimed at enhancing
Beijing’s influence around the world through China-funded infrastructure projects.
 The 3,000 km-long China–Pakistan Economic Corridor (CPEC) consists of highways,
railways, and pipelines.
 CPEC eventually aims at linking the city of Gwadar in South Western Pakistan to
China’s North Western region Xinjiang through a vast network of highways and
railways.
 The proposed project will be financed by heavily-subsidised loans, that will be
disbursed to the Government of Pakistan by Chinese banks.
Opposition by the locals:
CPEC is getting increasingly unmanageable with local Pakistanis unhappy with the
Chinese soldiers and civilians working on the project. Therefore, Pakistan has been
forced to deploy more soldiers in the area.
But, why is India concerned?
It passes through PoK.
 CPEC rests on a Chinese plan to secure and shorten its supply lines through Gwadar
with an enhanced presence in the Indian Ocean. Hence, it is widely believed
that upon CPEC’s fruition, an
extensive Chinese presence will
undermine India’s influence in the
Indian Ocean.
 It is also being contended that if
CPEC were to successfully transform
the Pakistan economy that could be a
“red rag” for India which will remain
at the receiving end of a wealthier
and stronger Pakistan.
 Besides, India shares a great deal
of trust deficit with China and
Pakistan and has a history of conflict
with both. As a result, even though
suggestions to re-approach the
project pragmatically have been
made, no advocate has overruled the
principle strands of contention that
continue to mar India’s equations
with China and Pakistan.
Pakistan Occupied Kashmir:
Reference News:-
The people of Pakistan occupied Kashmir (PoK) have condemned Pakistan for
observing February 5 as Kashmir Solidarity Day and on the contrary marked it as “Fraud
Day”.
 Several protest rallies are held across PoK in areas like Bagh, Mong and Hajira
where the people lambasted Islamabad for its double standards on Kashmir (The
region does not have proper healthcare and educational facilities compared to
Islamabad).
Present position of PoK:
 PoK is called “Azad Jammu & Kashmir” (“AJK” in short).
 It came into being after the 1949 ceasefire between India and Pakistan.
 It comprises the parts of the erstwhile state of Jammu and Kashmir that were
occupied by the Pakistani forces.
 Pakistan’s constitutional position on PoK is that it is not a part of the country, but
the “liberated” part of Kashmir.
However, Article 257 of Pakistan’s Constitution says: “When the people of the State of
Jammu and Kashmir decide to accede to Pakistan, the relationship between Pakistan and
the State shall be determined in accordance with the wishes of the people of that State.”
Political structure and how is it administered?
 The constitution of Pakistan lists the country’s four provinces — Punjab, Sind,
Balochistan, and Khyber Pakhtunkhwa.
 For all practical purposes, PoK is run by the Pakistan government through the all-
powerful Kashmir Council, a nominated 14-member body headed by the Prime
Minister of Pakistan.
 The Assembly has a five-year term. The legislators elect a “prime minister” and a
“president” for the territory.
 While PoK is ostensibly an autonomous, self-governing territory, the Pakistan
Army is the final arbiter on all matters Kashmir.
India’s stand on PoK:
 The fact that PoK is an integral part of India has been our consistent policy ever
since 1947.
 India has also made clear to the world that any issue related to PoK is the internal
matter of India.
 Please note that Pakistan occupied Kashmir (PoK) is part of the newly created
Union Territory of Jammu and Kashmir, while Gilgit-Baltistan is in the UT of
Ladakh in the fresh maps released by the government.
Green Bonds:
Reference News:-
Finance Minister Nirmala Sitharaman in her Budget speech announced that the
government proposes to issue sovereign green bonds to mobilise resources for green
infrastructure.
 The proceeds will be deployed in public sector projects which help in reducing the
carbon intensity of the economy.
 Now, the government has clarified that these rupee-denominated papers will have
a long tenure to suit the requirement of green infrastructure projects.
What Is a Green Bond?
A green bond is a type of fixed-income instrument that is specifically earmarked to raise
money for climate and environmental projects.
These bonds are typically asset-linked and backed by the issuing entity’s balance sheet,
so they usually carry the same credit rating as their issuers’ other debt obligations.
 Green bonds may come with tax incentives to enhance their attractiveness to
investors.
 The World Bank is a major issuer of green bonds. It has issued 164 such bonds
since 2008, worth a combined $14.4 billion. In 2020, the total issuance of green
bonds was worth almost $270 billion, according to the Climate Bond Initiative.
How Does a Green Bond Work?
Green bonds work just like any other corporate or government bond.
 Borrowers issue these securities in order to secure financing for projects that will
have a positive environmental impact, such as ecosystem restoration or reducing
pollution.
 Investors who purchase these bonds can expect to make as the bond matures.
 In addition, there are often tax benefits for investing in green bonds.
Green Bonds Vs Blue Bonds:
Blue bonds are sustainability bonds to finance projects that protect the ocean and related
ecosystems.
 This can include projects to support sustainable fisheries, protection of coral reefs
and other fragile ecosystems, or reducing pollution and acidification.
 All blue bonds are green bonds, but not all green bonds are blue bonds.
Green Bonds Vs Climate Bonds:
“Green bonds” and “climate bonds” are sometimes used interchangeably, but some
authorities use the latter term specifically for projects focusing on reducing carbon
emissions or alleviating the effects of climate change.

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08 02-2022 (Daily News Analysis)

  • 1. D A I L Y N E X T C A P S U L E W I L L H E L P Y O U T O P R O V I D E 2nd floor, shahar plaza, munshi pulia, indira nagar, lucknow Feel Free to call us at: 9454721860 Follow us on:
  • 2. Integration of E-MANDIS into E-NAM Platform Reference News:- Since 31st March 2018, 415 new mandis have been integrated on National Agriculture Market (e-NAM) platform.  As per the Union Budget Announcement 2020-21, additional 1000 mandis to be integrated with e-NAM platform About National Agriculture Market (e-NAM) platform  e-NAM was launched in 2016 as a pan-India electronic agricultural marketing/trade portal linking APMCs across the States.  It is managed by Small Farmers’ Agribusiness Consortium (SFAC).  Controlling Ministry: Ministry of Agriculture and Farmers’ Welfare  e-NAM provides for contactless remote bidding and mobile-based any time payment for which traders do not need to either visit mandis or banks for the same.  Objective of integrating the existing Mandis to “One Nation One Market” for agricultural commodities in India.  It networks the existing APMC mandis to create a unified national market for agricultural commodities and has a vision: o To promote uniformity in agriculture marketing by streamlining procedures across the integrated markets. o Removing information asymmetry between buyers and sellers and promoting real time price discovery based on actual demand and supply. 100 Years for ‘Chauri Chaura’ incident: Reference News:- Recently, the Prime Minister paid tribute to the heroes of freedom struggle on completion of the hundred years of Chauri Chaura incident. What is Chauri Chaura incident?  The incident (4th February, 1922) occurred at Chauri Chaura in the Gorakhpur district of the United Province, (modern Uttar Pradesh) in British India.  During this incident, a large group of protesters, participating in the Non- cooperation movement, clashed with police, who opened fire.  The demonstrators attacked and set fire to a police station in retaliation, killing all of its occupants.  In response to this, Mahatma Gandhi, who was strictly against violence, halted the Non-cooperation Movement on the national level on 12 February 1922, as a direct result of this incident.
  • 3. Background: On 1th August, 1920, Gandhiji had launched the Non-Cooperation Movement against the government.  It involved using swadeshi and boycott of foreign goods, especially machine made cloth, and legal, educational and administrative institutions, “refusing to assist a ruler who misrules”. Reaction by Mahatma Gandhi and other leaders: He condemned the crime of the policemen’s killing.  A Chauri Chaura Support Fund was set up to demonstrate “genuine sympathy” and seek atonement.  Gandhi bent the Congress Working Committee to his will, and on 12th February, 1922, the satyagraha (movement) was formally suspended. Jawaharlal Nehru and other leaders leading the Non-Cooperation movement were shocked that Gandhiji had stopped the struggle when the civil resistance had consolidated their position in the freedom movement.  Other leaders like Motilal Nehru and CR Das recorded their dismay at Gandhi’s decision and decided to establish the Swaraj Party. The disillusionment resulting from the suspension of the Non-Cooperation Movement nudged many of the younger Indian nationalists towards the conclusion that India would not be able to throw off colonial rule through non-violence. SC to weigh between ‘national security’, judicial scrutiny: Reference News:- The Supreme Court is all set to examine whether the Centre can expect a free pass on matters pertaining to national security. What’s the issue? The question whether the state can use ‘national security’ as a ground to limit judicial scrutiny has come up for scrutiny in the MediaOne TV channel case. The government has cited national security reasons in the Kerala High Court for canceling telecast permission to the Malayalam news channel.  Recently, in its Pegasus snooping case order, the Supreme Court observed that the Centre cannot expect a ‘free pass’ from the courts as soon as it raises the ‘spectre of national security’. Observations made by the supreme court on this matter: Scope of judicial review is limited in matters involving national security. However, this does not mean that the state gets a free pass every time the spectre of ‘national security’ is raised.
  • 4. What harm can this cause? One of the major concerns raised by citizens recently is the “chilling effect” such state actions endure to have on free speech, especially in the media. What has the Supreme Court said in the Anuradha Basin case? Anuradha Bhasin case concerned Internet restrictions in Jammu and Kashmir in the backdrop of the abrogation of Article 370.  The court had ruled that any order of the state which restricts the fundamental rights of speech or expression should be backed by reasons.  The courts should be convinced that the state acted in a responsible manner and did not take away rights in an “implied fashion or a casual or cavalier man. Other related cases: In Government of India v. Cricket Association of Bengal and Shreya Singhal v. The Union of India cases, the court has observed that there is no dispute that freedom of speech and expression includes the right to disseminate information to as wide a section of the population as is possible. The wider range of circulation of information or its greater impact cannot restrict the content of the right nor can it justify its denial. What is Judicial Review? Judicial review is the power of Judiciary to review any act or order of Legislative and Executive wings and to pronounce upon the constitutional validity when challenged by the affected person. Judicial review present in India: 1. The power of Judicial Review comes from the Constitution of India itself (Articles 13, 32, 136, 142 and 147 of the Constitution). 2. The power of judicial review is evoked to protect and enforce the fundamental rights guaranteed in Part III of the Constitution. 3. Article 13 of the Constitution prohibits the Parliament and the state legislatures from making laws that “may take away or abridge the fundamental rights” guaranteed to the citizens of the country. 4. The provisions of Article 13 ensure the protection of the fundamental rights and consider any law “inconsistent with or in derogation of the fundamental rights” as void.
  • 5. Delimitation Panel: Reference News:- The Jammu and Kashmir Delimitation Commission (headed by retired Supreme Court Judge Justice Ranjana Prakash Desai) has submitted its interim report. As per the report:  Of the 90 Assembly seats, 28 new Assembly constituencies have been reconfigured or renamed.  19 Assembly segments have been deleted.  All the five Lok Sabha seats will be redrawn.  The Shri Mata Vaishno Devi constituency has been identified as the smallest of all with just 73,648 votes in the Jammu region. Delimitation exercise in J&K- a timeline: 1. The first delimitation exercise, carving out 25 assembly constituencies in the then state, was carried out by a Delimitation Committee in 1951. 2. The first full-fledged Delimitation Commission was formed in 1981 and it submitted its recommendations in 1995 on the basis of 1981 Census. Since then, there has been no delimitation. 3. In 2020, the Delimitation Commission was constituted to carry out the exercise on the basis of 2011 Census, with a mandate to add seven more seats to the Union Territory’ and grant reservations to SC and ST communities. 4. Now, the total number of seats in Jammu and Kashmir will be raised to 90 from the previous 83. This is apart from 24 seats which have been reserved for areas of PoK and have to be kept vacant in the Assembly. What is delimitation and why is it needed? The Delimitation Commission for Jammu and Kashmir was constituted by the Centre on March 6 last year to redraw Lok Sabha and assembly constituencies of the union territory in accordance with the provisions of the Jammu and Kashmir Reorganisation Act, 2019 and Delimitation Act, 2002, passed by the Centre in August 2019 along with other J&K-specific Bills.
  • 6. What is Delimitation? Delimitation literally means the process of fixing limits or boundaries of territorial constituencies in a state that has a legislative body. Who carries out the exercise?  Delimitation is undertaken by a highly powerful commission. They are formally known as Delimitation Commission or Boundary Commission.  These bodies are so powerful that its orders have the force of law and they cannot be challenged before any court. Composition of the Commission: According to the Delimitation Commission Act, 2002, the Delimitation Commission will have three members: a serving or retired judge of the Supreme Court as the chairperson, and the Chief Election Commissioner or Election Commissioner nominated by the CEC and the State Election Commissioner as ex-officio members. Constitutional Provisions: 1. Under Article 82, the Parliament enacts a Delimitation Act after every Census. 2. Under Article 170, States also get divided into territorial constituencies as per Delimitation Act after every Census. Pradhan Mantri Matru Vandana Yojana: Reference News:- The Government has clarified that Aadhaar of Husbands is not mandatory under the Pradhan Mantri Matru Vandana Yojana, PMMVY, to facilitate the inclusion of single mothers and abandoned mothers. About PMMVY: It is a Maternity Benefit Programme that is implemented in all the districts of the country in accordance with the provision of the National Food Security Act, 2013.  The direct benefit cash transfer is to help expectant mothers meet enhanced nutritional requirements as well as to partially compensate them for wage loss during their pregnancy.  The scheme was announced on December 31, 2016. It is being implemented in all districts of the country with effect from 1st January, 2017. Beneficiaries:  All Pregnant Women and Lactating Mothers (PW&LM), excluding those who are in regular employment with the Central Government or the State Governments or PSUs or those who are in receipt of similar benefits under any law for the time being in force.
  • 7.  All eligible Pregnant Women and Lactating Mothers who have their pregnancy on or after 1st January 2017 for the first child in the family. Benefits: Beneficiaries receive a cash benefit of Rs. 5,000 in three installments on fulfilling the following conditions:  Early registration of pregnancy  Ante-natal check-up  Registration of the birth of the child Completion of the first cycle of vaccination for the first living child of the family. The eligible beneficiaries also receive cash incentive under Janani Suraksha Yojana (JSY). Thus, on an average, a woman gets Rs. 6,000. Proposed reforms: The Centre is likely to soon extend the benefits under the Pradhan Mantri Matru Vandana Yojana (PMMVY) — currently applicable to eligible pregnant women and lactating mothers for the first child in the family to the second one — only if the child born is a girl.  Move aimed at discouraging pre-birth sex selection. China-Pakistan Economic Corridor (CPEC): Reference News:- China and Pakistan have signed a new agreement on industrial cooperation as part of the China Pakistan Economic Corridor (CPEC) plan.  The industrial cooperation agreement is a key part of what is being called “phase two” of CPEC.  The first phase primarily involved Chinese investments in energy projects as well as road infrastructure.
  • 8. About CPEC: Launched in 2015, the CPEC is the flagship project of the multi-billion-dollar Belt and Road Initiative (BRI), a pet project of Chinese President Xi Jinping, aimed at enhancing Beijing’s influence around the world through China-funded infrastructure projects.  The 3,000 km-long China–Pakistan Economic Corridor (CPEC) consists of highways, railways, and pipelines.  CPEC eventually aims at linking the city of Gwadar in South Western Pakistan to China’s North Western region Xinjiang through a vast network of highways and railways.  The proposed project will be financed by heavily-subsidised loans, that will be disbursed to the Government of Pakistan by Chinese banks. Opposition by the locals: CPEC is getting increasingly unmanageable with local Pakistanis unhappy with the Chinese soldiers and civilians working on the project. Therefore, Pakistan has been forced to deploy more soldiers in the area. But, why is India concerned? It passes through PoK.  CPEC rests on a Chinese plan to secure and shorten its supply lines through Gwadar with an enhanced presence in the Indian Ocean. Hence, it is widely believed
  • 9. that upon CPEC’s fruition, an extensive Chinese presence will undermine India’s influence in the Indian Ocean.  It is also being contended that if CPEC were to successfully transform the Pakistan economy that could be a “red rag” for India which will remain at the receiving end of a wealthier and stronger Pakistan.  Besides, India shares a great deal of trust deficit with China and Pakistan and has a history of conflict with both. As a result, even though suggestions to re-approach the project pragmatically have been made, no advocate has overruled the principle strands of contention that continue to mar India’s equations with China and Pakistan. Pakistan Occupied Kashmir: Reference News:- The people of Pakistan occupied Kashmir (PoK) have condemned Pakistan for observing February 5 as Kashmir Solidarity Day and on the contrary marked it as “Fraud Day”.  Several protest rallies are held across PoK in areas like Bagh, Mong and Hajira where the people lambasted Islamabad for its double standards on Kashmir (The region does not have proper healthcare and educational facilities compared to Islamabad). Present position of PoK:  PoK is called “Azad Jammu & Kashmir” (“AJK” in short).  It came into being after the 1949 ceasefire between India and Pakistan.  It comprises the parts of the erstwhile state of Jammu and Kashmir that were occupied by the Pakistani forces.  Pakistan’s constitutional position on PoK is that it is not a part of the country, but the “liberated” part of Kashmir.
  • 10. However, Article 257 of Pakistan’s Constitution says: “When the people of the State of Jammu and Kashmir decide to accede to Pakistan, the relationship between Pakistan and the State shall be determined in accordance with the wishes of the people of that State.” Political structure and how is it administered?  The constitution of Pakistan lists the country’s four provinces — Punjab, Sind, Balochistan, and Khyber Pakhtunkhwa.  For all practical purposes, PoK is run by the Pakistan government through the all- powerful Kashmir Council, a nominated 14-member body headed by the Prime Minister of Pakistan.  The Assembly has a five-year term. The legislators elect a “prime minister” and a “president” for the territory.  While PoK is ostensibly an autonomous, self-governing territory, the Pakistan Army is the final arbiter on all matters Kashmir. India’s stand on PoK:  The fact that PoK is an integral part of India has been our consistent policy ever since 1947.  India has also made clear to the world that any issue related to PoK is the internal matter of India.  Please note that Pakistan occupied Kashmir (PoK) is part of the newly created Union Territory of Jammu and Kashmir, while Gilgit-Baltistan is in the UT of Ladakh in the fresh maps released by the government.
  • 11. Green Bonds: Reference News:- Finance Minister Nirmala Sitharaman in her Budget speech announced that the government proposes to issue sovereign green bonds to mobilise resources for green infrastructure.  The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.  Now, the government has clarified that these rupee-denominated papers will have a long tenure to suit the requirement of green infrastructure projects. What Is a Green Bond? A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. These bonds are typically asset-linked and backed by the issuing entity’s balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations.  Green bonds may come with tax incentives to enhance their attractiveness to investors.  The World Bank is a major issuer of green bonds. It has issued 164 such bonds since 2008, worth a combined $14.4 billion. In 2020, the total issuance of green bonds was worth almost $270 billion, according to the Climate Bond Initiative. How Does a Green Bond Work? Green bonds work just like any other corporate or government bond.  Borrowers issue these securities in order to secure financing for projects that will have a positive environmental impact, such as ecosystem restoration or reducing pollution.  Investors who purchase these bonds can expect to make as the bond matures.  In addition, there are often tax benefits for investing in green bonds. Green Bonds Vs Blue Bonds: Blue bonds are sustainability bonds to finance projects that protect the ocean and related ecosystems.  This can include projects to support sustainable fisheries, protection of coral reefs and other fragile ecosystems, or reducing pollution and acidification.  All blue bonds are green bonds, but not all green bonds are blue bonds. Green Bonds Vs Climate Bonds: “Green bonds” and “climate bonds” are sometimes used interchangeably, but some authorities use the latter term specifically for projects focusing on reducing carbon emissions or alleviating the effects of climate change.