Daily Current Affairs For UPSC IAS Prelims, 01 February 2023 Current Affairs For Civil Services

Daily Current Affairs For UPSC IAS Prelims 01 February 2023: We bring to you ”Daily Current Affairs For UPSC IAS Prelims” based on the principle of updating UPSC CSE aspirants with Most Important Daily Current Affairs For Civil Services. These Daily Current Affairs are prepared by our team in Bit Form/Abridged Form to save the precious time of UPSC Aspirants without compromising the quality. In Today’s Daily Current Affairs For UPSC IAS Prelims, 01 February 2023, we are covering below mentioned topics.

FSSAI’s Calendar to celebrate International Year of Millets

FSSAI’s Calendar in News

Recently, the Union Minister of Health & Family Welfare unveiled FSSAI’s new year calendar which celebrates International Year of Millets 2023 (IYoM 2023). He also stated that FSSAI will soon formulate guidelines for schools, hospitals, government canteens etc., to incorporate millets as nutritional options in the food menu.

FSSAI role in Promoting IYoM 2023

Observance of 2023 as International Year of Millets, presents a unique opportunity to FSSAI wherein it can play a crucial role in enhancing awareness regarding millets and contributing to its integration in our daily lives. Millet are popularly known as “wonder food” due to its numerous health benefits.

In the backdrop of IYoM 2023, FSSAI is planning to ensure a ‘Healthy Food Street or Food Hub’ in every town and district where millet-based recipes are available along with hygienic amenities.

The ‘International Year of Millets’ stands to provide a unique opportunity to increase global production, ensure efficient processing and consumption, promote better utilization of crop rotations and encourage better connectivity throughout food systems to promote millets as a key component of the food basket.

G-20 International Financial Architecture Working Group

G-20 International Financial Architecture Working Group

Recently, the first International Financial Architecture Working Group of G-20 was inaugurated in Chandigarh by the Union Minister of Agriculture and Farmers Welfare, Shri Narendra Singh Tomar. He said that India is developing rapidly with science and innovation, both of them are deeply connected with the future of India.

India in Infrastructure Development

India has leveraged technology to create the digital public infrastructure. India has been a significant contributor to financial inclusion in global healthcare and the move to sustainable energy while people-centric development is the basis of its national strategy. This is the same philosophy that the theme of India’s G-20 Presidency, – ‘One Earth, One Family, One Future’, also underlines.

G-20 International Financial Architecture Working Group

The G20 International Financial Architecture Working Group is one of the important working groups under the G-20 finance track, which focuses on strengthening the international financial architecture. It will also aim to address various challenges faced by vulnerable countries.

Around 100 delegates from G-20 member nations, invited countries and international organizations will participate in the two-day meeting. Discussions during the two-day meeting will be jointly moderated by the Ministry of Finance and the Reserve Bank of India, as well as by the co-chairs of the International Financial Architecture Working Group, – France and South Korea.

India-UAE CEPA

India-UAE CEPA in News

Recently, the Prime Minister, Shri Narendra Modi has lauded the utilisation of India-UAE Comprehensive Economic Partnership Agreement (CEPA) by Indian Exporters.

India-UAE CEPA 

India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect on the 1st of May 2022 is already creating a significant positive impact on India-UAE trade. Key Details of the India-UAE CEPA 

India-UAE CEPA Features

• Tariff Reduction: India-UAE FTA is set to reduce tariffs for 80 per cent of goods and give zero-duty access to 90 per cent of India’s exports to the UAE.
  • Annual exports worth about $26 billion from India that currently attract a 5-per cent import duty in the UAE are set to benefit.
• Scope: The India-UAE CEPA agreement covers areas including-
  • Goods,
  • Services,
  • Rules of origin,
  • Customs procedures,
  • Government procurement,
  • Intellectual property rights, and
  • E-commerce.
• Rules of Origin: India-UAE CEPA includes robust rules of origin to protect both economies from misuse of the agreement by third countries, including a requirement of “melt and pour” for steel exports to qualify as domestically produced products from either country.
• Safeguard Mechanism: The agreement also provides a permanent safeguard mechanism to protect businesses in both countries to prevent “any unnecessary or unwarranted surge in volumes of (imports) any particular product
• Speedy Regulatory Approval for Medical Products: Under the India-UAE CEPA, the UAE agreed to facilitate market access and regulatory approval within 90 days for Indian pharmaceutical products and medical products.
  • This facility is available to the products that have been approved in developed jurisdictions such as the US, the UK, the EU, Canada and Australia.
• Focus on Technology and Sustainability: Technology, digital trade and sustainability have a big focus in the New India-UAE partnership.

Daily Current Affairs For UPSC IAS Prelims, 31 January 2023 Current Affairs For Civil Services

Daily Current Affairs For UPSC IAS Prelims, 31 January 2023 Current Affairs For Civil Services

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