16 June 2023 : Daily Current Affairs
DAILY CURRENT AFFAIRS
16-June-2023
Daily Current Affairs For UPSC ,Daily Current affairs of The hIndu and Indian Express.
1. Exports dip again; trade deficit hits 5-month high
Topic: GS3 – Indian economy
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India’s merchandise exports decreased by 10.3% to $34.98 billion in May, marking the sixth decline in the last eight months.
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Issue:
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Imports contracted at a slower rate of 6.6% to $57.1 billion, resulting in a trade deficit of $22.1 billion, the highest in five months.
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While the decline in exports was lower than April’s 12.6% fall, May’s exports were only 0.8% higher than the six-month low recorded in April.
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This is the first time since December 2022 that the goods trade deficit has crossed the $20 billion mark.
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The Commerce Ministry attributes the decline in export growth to geopolitical tensions and recessionary fears caused by monetary tightening, leading to reduced consumer spending in advanced nations.
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The Ministry expects a demand revival from July-August 2023, citing the World Trade Organisation’s upward revision in global trade growth forecast for the year.
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Source: The Hindu, June 16, 2023 – Page 1
2. The ranking system of colleges.
Topic: GS3 – Education sector
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The National Institutional Ranking Framework (NIRF) used in India to rank universities and institutions has been subject to debate and criticism
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Issue:
Following concerns have been raised about NIRF:
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NIRF Ranking Methodology: The NIRF ranks institutes based on five indicators: Teaching, Learning & Resources; Research and Professional Practice; Graduation Outcomes; Outreach and Inclusivity; and Perception. These indicators determine the overall score of an institution.
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Emphasis on Bibliometrics: The NIRF places significant emphasis on bibliometric indicators, such as the number of research papers published, citations received, and impact factors of journals. Critics argue that relying solely on bibliometrics may not provide a comprehensive assessment of research output and scientific performance.
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Limitations of Bibliometrics: Science policy experts caution against over-reliance on bibliometrics. They argue that it doesn’t capture the nuances and complexities of scientific performance and that a more comprehensive evaluation methodology is needed. The use of bibliometrics can also lead to practices like self-citation manipulation to inflate rankings.
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Lack of Transparency: While the NIRF shares its methodology publicly, experts suggest that there should be more transparency in the data collection process, sources used, and how the data becomes the basis for the rankings. The NIRF’s reliance on commercial databases like Scopus and Web of Science raises concerns about accuracy and potential misuse.
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Narrow Focus and Disparity: The NIRF’s publication-metrics indicator predominantly considers research articles, which may disadvantage other forms of intellectual contributions like books, book chapters, and non-traditional outputs. This could incentivize researchers to prioritize publishing in international journals, potentially overlooking work that addresses national or local issues.
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Unhealthy Competition: The emphasis on rankings can lead to unhealthy competition among universities, where metrics become the primary focus instead of the pursuit of excellence in education and research. This can create a culture that prioritizes rankings over the true purpose of higher education institutions.
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Source: The Hindu, June 16, 2023 – Page 12.
3. BIMSTEC to adopt Bangkok Vision 2030 at next summit
Topic: GS2 – International relations.
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The BIMSTEC summit, scheduled to be held at the end of this year, will adopt the Bangkok Vision 2030 as an overarching document to guide the organization.
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The Bangkok Vision 2030 aims to propel BIMSTEC towards prosperity, resilience, and openness, fostering sustainable and balanced growth.
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A marine transport cooperation agreement is expected to be concluded at the summit.
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Thailand, as the current chair of BIMSTEC, has focused on enhancing regional inter-connectedness, involving all stakeholders, and strengthening BIMSTEC’s internal capabilities.
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An eminent group of individuals has been established to monitor progress in all seven sectors of BIMSTEC.
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BIMSTEC is a regional grouping consisting of Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
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Source: The Hindu, June 16, 2023 – Page 14.
4. Open market sales of foodgrains stopped to contain inflation: Centre
Topic: GS3 – Indian economy
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The Indian government has discontinued the sale of rice and wheat from the Central pool to the states, citing the need to control retail inflation in foodgrains.
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Issue:
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The decision, conveyed through a notification to the state governments, affects the Open Market Sale Scheme (OMSS) and may impact states like Karnataka, which has promised free rice under the Anna Bhagya scheme.
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The Food Corporation of India clarified that the government does not decide for states and that OMSS operations are aimed at controlling retail prices.
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The move has sparked a political controversy, with opposing leaders accusing the central government of conspiring to hinder the state’s implementation of its poll guarantee.
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Similar schemes in other states may face challenges due to the discontinuation of rice and wheat from the Central pool.
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The Indian government had previously announced the provision of free foodgrains to 80 crore people under the new integrated National Food Security Scheme.
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For Enquiry
16 June 2023 : Daily Current Affairs
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