Argutes

Daily Current Affairs for UPSC Civil Services Exam – 10 September 2021

MSP

  1. The Centre has increased the minimum support price (MSP) for wheat for the upcoming rabi season to 2,015 per quintal, a 2% hike from the 1,975 per quintal rate of last year.
  2. Oilseeds and pulses such as mustard, safflower, and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification

MSP Basics:

  1. Minimum Support Price
  2. MSP is the Minimum Price at which the Government will buy the produce from farmers.
  3. Form of market intervention by the Government of India
  4. To save agricultural producers from a sharp fall in farm prices
  5. Announced by the Government of India at the beginning of the sowing season for certain crops based on the recommendation of the Commission for Agricultural Prices(CACP)
  6. Cabinet Committee on Economic Affairs announces MSP

BRICS summit

  1. The 13th BRICS summit held virtually called for an “inclusive intra-Afghan dialogue” for stability in Afghanistan.
  2. The virtual summit, chaired by Prime Minister Narendra Modi, was dominated by the developments in Afghanistan and adopted the BRICS Counter-Terrorism Action Plan.
  3. BRICS Counter-Terrorism Action Plan was adopted
  4. A new agreement on Remote Sensing Satellite Constellation between our space agencies was signed.
  5. The document titled the ‘New Delhi Declaration also called for addressing the humanitarian situation in Afghanistan and urged the need to uphold the rights of women, children, and minorities.
  6. The BRICS leaders called for settling the situation by peaceful means and condemned the terrorist attacks at the Hamid Karzai International Airport which killed at least 100 persons including several American military personnel.

BRICS:

  1. BRICS refers to Brazil, Russia, India, China, and South Africa.
  2. It was the Russian side that initiated the creation of BRICS.
  3. On 20 September 2006, the first BRICS Ministerial Meeting was held at the proposal of Russian President Vladimir Putin on the margins of a UN General Assembly Session in New York. Foreign ministers of Russia, Brazil, and China and the Indian Defence Minister took part in the meeting. They expressed their interest in expanding multilateral cooperation.
  4. At the Fortaleza Summit (2014), in Brazil, important institutions were created: the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). (Note: UPSC Prelims Question 2015)
  5. BRICS represents about 42% of the population, 27% of GDP, 30% of the territory, and 18% of the global trade.
  6. The 13th BRICS Summit is going to be held under India’s Chairship in 2021.
  7. It will be the third time that India will be hosting the BRICS Summit after 2012 and 2016.

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G 20 Health Ministers Meeting

  1. The Health Ministers from G20 countries, including India, have united to pledge global action to improve future health security, increase vaccine confidence and tackle antimicrobial resistance (AMR) in a Health Declaration agreed in Rome.
  2. The G20 Health Ministers’ Meeting was convened in  Italy
  3. It focussed on building on strong cooperation and collaboration to end the COVID-19 pandemic and support recovery around the world.

Health Declaration

The member nations – India, the United Kingdom, the United States, Argentina, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, and the European Union – agreed to work together to enhance timely global access to safe, affordable and effective COVID-19 vaccines, therapeutics and diagnostics.

G-20 summit:

  • The Group of Twenty, or the G20, is the premier forum for international economic cooperation.
  • The G20 brings together the leaders of both developed and developing countries from every continent. ​
  • Collectively, G20 members represent around 80% of the world’s economic output, two-thirds of the global population, and three-quarters of international trade.

Members of G-20:

(Note: The members of G-20 are very important for Prelims point of view)

  1. Argentina,
  2. Australia,
  3. Brazil,
  4. Canada,
  5. China,
  6. France,
  7. Germany,
  8. India,
  9. Indonesia,
  10. Italy,
  11. Japan,
  12. Mexico,
  13. ​The Republic of Korea​,​
  14. Russia,
  15. Saudi Arabia,
  16. South Africa, ​
  17. ​​Turkey,
  18. the United Kingdom,
  19. the United States and
  20. the European Union (EU)
G20 Presidency list:
  • 2020 – Saudi Arabia
  • 2021 – Italy
  • 2022 – Indonesia
  • 2023 – India
  • 2024 – Brazil

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