Daily Current Affairs 27 May 2023 – IAS Current Affairs
Current Affairs 27 May 2023 focuses on Prelims-Mains perspective. Major events are :
Al Mohed Al Hindi 23
Source : PIB
GS II : International Relations; GS III : Internal Security
What is discussed under Al Mohed Al Hindi 23?
- What are the outcomes?
- Need for Exercise
Why in News ?
The sea phase of second edition of bilateral exercise ‘Al Mohed Al Hindi 23’, between Indian Navy and Royal Saudi Naval Force (RSNF) was held from 23 – 25 May 23 off Al Jubail, Saudi Arabia.
Key Facts
- INS Tarkash, INS Subhadra and Dornier Maritime Patrol aircraft (MPA) participated in the exercise from the Indian side.
What is Al Mohed Al Hindi 23?
- Exercise held between Indian Navy and Royal Saudi Naval Force (RSNF).
Source : PIB - The first edition took place in August 2021.
- The decisoin of bilateral excercise was taken during Riyad Summit 2019.
What are the outcomes?
- The RSNF was represented by HMS Badr and Abdul Aziz, MH 60R helo and UAV.
- The three-day exercise at sea witnessed a wide spectrum of maritime operations.
- The exercise culminated with debrief at sea followed by traditional steam past.
- The successful conduct of exercise showcased
- High degree of professionalism
- Interoperability
- Exchanges of best practices between the two navies.
- Tactical Manoveours
- Search and rescue operations
- The bilateral exercise met all its objectives and both sides intend to graduate to more advanced level of exercises in the next edition.
Need for Exercise
- Decided based on the nature and requirement of specific exercise.
- Expenditure incurred also varies
- Helps in constructive engagements in operational terms and enhances the skills of our armed forces.
- This is a continuous process relevant steps are taken from time to time to engage friendly countries and to enhance the scope of exercises based on the principle of mutual benefit and our own strategic requirements.
Also Read : List of Military Exercise by India with Other Countries
G20 Anti-corruption Working Group
Source : PIB
GS II : Important International institutions, agencies and fora- their structure, mandate
What is discussed under G20 Anti-corruption Working Group?
- About G-20 Anti-Corruption Working Group
- What is G20 or Group of Twenty?
- What is G20+?
Why in News ?
The Second meeting of the G20 Anti-corruption Working Group that was inaugurated on May 25 by Union Minister of State for Defence & Tourism.
Key Facts
- The meeting had wide participation from 90 delegates of 20 member countries, 10 Invitee countries and 9 International Organisations including UNODC, OECD, Egmont Group, INTERPOL and IMF.
- The G-20 Anti-Corruption Working Group (ACWG) has been in charge of organising the collective and national initiatives taken by its members.
- India is once again welcome the delegates at Kolkata for the Third ACWG conference from August 9–11.
What is G-20 Anti-Corruption Working Group?
- It was established at the G-20 summit in Toronto in June 2010.
- The group’s goal is to put together comprehensive suggestion for leaders to consider on how the G20 could continue to make useful and practical contributions to the global fight against corruption.
- The G-20 Anti-Corruption Working Group (ACWG) has been in charge of organizing the collective and national initiatives taken by its
Image by Mohamed Hassan from Pixabay members.
- The ACWG is chaired by the Presidency of the G20 and a co-chair.
- In 2022, the group is co-chaired by Indonesia and Australia.
Who are the members ACWG group?
-
- 19 G20 countries and the European Union, Singapore, Spain and Switzerland as permanent guest countries
- As well as additional guest countries invited by the respective presidency.
Major Focus areas of ACWG
-
- Public and private sector integrity and transparency
- Bribery
- International cooperation
- Asset recovery
- Beneficial ownership transparency
- Vulnerable sectors and capacity-building.
Who are the observers of ACWG?
- International organizations and intergovernmental bodies act as observers
-
- In particular the United Nations Office on Drugs and Crime (UNODC), the Organisation for Economic Co-operation and Development (OECD), the World Bank, the International Monetary Fund (IMF) and the Financial Action Task Force (FATF).
- In addition, the ACWG works closely with various G20 engagement groups, in particular with civil society (C20) and the private sector (B20).
- The group’s work is guided by the St. Petersburg Strategic Framework and by multi-year action plans.
- Also the group is obliged to report annually on its progress and regularly publishes monitoring or accountability reports.
What is G20 or Group of Twenty?
- The G20 was founded in 1999
- It has the aim of examining methods to guarantee financial stability around the world.
- It is an intergovernmental body comprised of the European Union (EU) and 19 other nations.
- Argentina, Australia, Brazil, Canada, China, France, Germany, Greece, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States are the other members of the G20.
- The G-20 works to advance international commerce, financial market regulation, and overall economic growth.
- Although it is not a legislative body, its deliberations impact the monetary policies of all its members.
- G20 is the foremost forum for global economic cooperation because its members collectively represent 85% of the world’s GDP, 75% of its trade, and 2/3 of its population.
- The G20 currently comprises of Finance Track with 8 work streams, Sherpa Track with 12 work streams and 10 Engagement Groups of private sector/civil society/independent bodies.
What is G20+?
- The G20+ is a bloc of developing nations which was established on August 20, 2003.
- Its origins was during the Brasilia Declaration signed by the foreign ministers of India, Brazil and South Africa on 6th June 2003.
- It is responsible for
- 60% of the world population
- 26% of the world’s agricultural exports
- 70% of its farmers.
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