Current Affairs 25 August 2022 – IAS Current Affairs

Current Affairs 25 August 2022 focuses on Prelims-Mains perspective. Major events are :

India-Egypt 75th Anniversary of Ties

Source : Economic Times
GS II : International Relation

What is discussed under India-Egypt 75th Anniversary of Ties?

1. Relation in depth
2. Egypt In Map

Why in News ?

Egypt released a commemorative postage stamp to celebrate 75 years of diplomatic relations between Egypt and India that were established with Egypt’s recognition of the independence of India on 18 August 1947, just three days after India’s independence.

Key Facts

• Egypt and India have long been bound together with historic ties in all fields.
• This was made possible through trade contacts between the two ancient civilizations that grew along the banks of the river Nile and the river Indus.
• The relation grew in 1950s and concluded a historic Friendship Treaty in 1955.
• Growing Egypt-India economic and commercial relations contribute to the stability and strength for a rapid growth of both sides. 

Relation in depth

• In the 1960s, defence cooperation between Egypt and India was at its height.
• The partnership has increased since then.
• The Indian Air Force trains Egyptian pilots, which is one of the positive aspects of defence relations between India and Egypt.
• India and Egypt manufactured the Helan-300 jet fighter jointly.
• The idea of Joint Defence Committee was framed during the Indian Air Chief visited Egypt. Later, in 2006, the Indo-Egypt Joint Defence Committee was established. Since then, the committee has met six times. 
• The military delegations from both sides visit the respective countries for exchange of professional know-how and also for joint training.
• India and Egypt also organize bilateral military exercise Exercise Desert Warrior. The exercise was conducted to enhance mutual understanding between the Indian Air Force and the Egyptian Air Force.

Friendship Treaty & bilateral relations

• The two nations became even closer in the 1950s and concluded a historic Friendship Treaty in 1955.
• During the last couple of years, the traditionally strong bilateral relations enjoyed by the two countries have received an impetus with regular exchange of high-level meetings and contacts between the two sides.

Trade & Commerce

• Egypt is one of the largest investment destinations for India in the region with the current Indian investment of USD 3.15 billion.
• Besides 50 Indian companies operating in Egypt, making a total investment of $3.15 billion and creating 38,000 jobs.
• The India-Egypt Bilateral Trade Agreement has been in operation since March 1978 and is based on the Most Favoured Nation clause.
  Major Egyptian exports to India include:
• Raw cotton, raw and manufactured fertilizers, oil and oil products, organic and non-organic chemicals, leather and iron products.
• Major imports into Egypt from India are:
  • Cotton yarn, sesame, coffee, herbs, tobacco and lentils.
  • Mineral fuel; vehicle parts; Ship, boat and floating structure; cuts of boneless bovine frozen meat; and Electrical machinery and parts are also exported from India.
  • There is a significant Indian presence in almost every field in Egypt.

Cultural Relations

• The Maulana Azad Centre for Indian Culture (MACIC) was set up in Cairo in 1992.
• It aims to promote cultural cooperation between the two countries, through the implementation of the Cultural Exchange Programme (CEP).
• The Centre, in addition to popularizing Indian culture through Hindi, Urdu and Yoga classes and the screening of movies, also organizes cultural festivals.
• ‘India by the Nile’ festival:
  • Cultural festival celebrated annually in Egypt.
  • It brings the essence of India through classical, contemporary, performing and visual arts, food and popular culture in a language that amalgamates diverse cultural and artistic strands.
  • The festival is produced by Delhi-based M/S Teamwork Arts and supported by ICCR and the Egyptian Ministry of Culture.

Egypt In Map

Competitiveness Roadmap for India@100

Source : PIB
GS II : Economics; GS III :  Prelims

What is discussed under Competitiveness Roadmap for India@100?

1. Key Facts
2. Competitiveness Roadmap for India@100
3. Economic Advisory Council

Why in News ?

Economic Advisory Council to Prime Minister will release the Competitiveness Roadmap for India@100 on 30th August 2022. 

Key Facts

• The Competitiveness Roadmap is a collaborative endeavour between EAC-PM, The Institute for Competitiveness, and  Harvard Business School.

Competitiveness Roadmap for India@100

• The Competitiveness Roadmap for India@100 is based on the framework developed by Professor Michael E. Porter.

  

• India@100 is a roadmap for our country’s journey towards its centennial year, identifying the steps required to realize the vast potential and huge ambitions that you have outlined for our nation.
• The roadmap stands to inform and guide the way for India to become a higher-income country by 2047.
• It proposes policy goals, principles and approaches to further drive India’s economy in the direction of sustainability and resilience, embedded in social progress and shared prosperity.
• The roadmap presents an integrated agenda of prioritised initiatives based on a thorough examination of India’s present economic state and competitive advantages.
• Building on the many reforms your government has enacted over recent years, it addresses both what actions India needs to prioritize now and how it needs to organize itself to deliver these actions effectively.
• The document also asserts that the competitiveness approach should serve as the cornerstone of India’s economic and social policy to drive India’s growth further and sustain it over the long term.

Legal Metrology (Packaged Commodities) Rules 2011 Amends

Source : PIB
GS II : Governance

What is discussed under Legal Metrology (Packaged Commodities) Rules 2011 Amends?

1. Key Facts
2. What is Legal Metrology (Packaged Commodities) Rules?

Why in News ?

Department of Consumer Affairs under Ministry of Consumer Affairs, Food & Public Distribution has received various representation for exempting the garment or hosiery sold in loose or open at the point of sale from the Legal Metrology (Packaged Commodities) Rules 2011.

Key Facts

• Department of Consumer Affairs vide the Legal Metrology (Packaged Commodities) (Third Amendment) Rules, 2022 has exempted the

  

  garment or hosiery industry selling garment or hosiery items in loose or open.

  • Common/ generic name of the commodity
  • Net qty. in std. unit of W or M or no. of commodity in the package
  • Unit sale price
  • Month and year of manufacture or pre-packing or import
  • Best before or use by date, month and year in case of commodity becoming unfit for human consumption with time
  • Consumer Care name & address
• To protect the interest of consumers, 4 declarations relevant to the consumers only to be given.
• Following information relevant to consumers is to be given :
  • Name and address of the manufacturer/ marketer/ brand owner/ importer with country of origin or manufacture in case of imported products.
  • Consumer care email id and phone number.
  • Sizes with internationally recognizable size indicators such as S, M, L, XL, XXL and XXXL along with details in metric notation in terms of cm or m.
  • Maximum retail price (MRP).

The rule regulate pre-packaged commodities in India and inter – alia mandate certain labeling requirements prior to sale of such commodities.

What is Legal Metrology (Packaged Commodities) Rules?

• An Act to establish and enforce standards of weights and measures, regulate trade and commerce in weights, measures and other goods which are sold or distributed by weight, measure or number and for matters connected therewith or incidental thereto.
• Declarations to be made on every package : Every package shall bear thereon or on label securely affixed thereto, a definite, plain and conspicuous declaration made in accordance with the provisions.
• In the case of a package having a capacity of ten cubic centimetre or less the principal display panel may be a card or tape affixed firmly to the package and shall bear the required information.
• Subject to the provisions of rule 6 every package kept offered or exposed for sale or sold shall bear conspicuously on it
  • The name and complete address of the manufacturer, or where the manufacturer is not the packer, the name and address of the manufacturer and the packer and in case of imported packages, the name and address of the importer.
• An export package shall not be sold in India unless the manufacturer or packer has re-packed or relabelled the commodity in accordance with the provisions.

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