Daily Current Affairs for UPSC Civil Services Exam – 24 May 2021

Daily Current Affairs for UPSC Civil Services Exam – 24 May 2021

In Today’s News:

  1. Eco tax
  2. IAEA and Additional Protocol

1. Eco tax

News Summary

Environmental tax(Eco tax) will help in increasing the potential for revenue generation.

Mini Insights

Mains GS3 – Environment/GS2 – Governance

Eco Tax and environmental regulation:
  • Eco Tax refers to the environmental tax.
  • India follows a command and control approach in controlling environmental pollution.
  • Eco tax should be fixed in proportion to the marginal social cost which arises due to the negative consequences of production, consumption, or disposal of goods and services.
  • Eco tax can be fixed after an evaluation of the damage to the environment and adverse impacts on the health of the people, climate change of the goods and services.
  • Through this environmental tax, there are three major benefits in terms of fiscal, environmental, and poverty reduction.
  • This additional revenue can be utilized for the provision of environmental public goods and addressing environmental health issues.
  • This tax revenue can also help in the development of new technologies for energy efficiency.
  • Thus Eco Tax will help in both reductions in environmental pollution and also help in generating resources for financing the health sector.

2. IAEA and Additional Protocol

News Summary

There is a piece of political news related to IAEA and Additional protocol of IAEA in connection with Iran nuclear sites.

Prelims GS – International Relations

IAEA:
  • The International Atomic Energy Agency is the world’s central intergovernmental forum for scientific and technical cooperation in the nuclear field.
  • It works for the safe, secure, and peaceful uses of nuclear science and technology, contributing to international peace and security and the United Nations’ Sustainable Development Goals.
  • Widely known as the world’s “Atoms for Peace and Development” organization within the United Nations family, the IAEA is the international center for cooperation in the nuclear field.
  • The Agency works with its Member States and multiple partners worldwide to promote the safe, secure, and peaceful use of nuclear technologies.
Additional Protocol of IAEA:
  • The Additional Protocol is a legal document granting the IAEA complementary inspection authority to that provided in underlying safeguards agreements.
  • A principal aim is to enable the IAEA inspectorate to provide assurance about both declared and possible undeclared activities.
  • Under the Protocol, the IAEA is granted expanded rights of access to information and sites.
Measures under Additional Protocol:
  • State provision of information about, and IAEA inspector access to, all parts of a State’s nuclear fuel cycle – including uranium mines, fuel fabrication and enrichment plants, and nuclear waste sites – as well as to any other location where nuclear material is or may be present.
  • State provision of information on, and IAEA short-notice access to, all buildings on a nuclear site. (The Protocol provides for IAEA inspectors to have “complementary” access to assure the absence of undeclared nuclear material or to resolve questions or inconsistencies in the information a State has provided about its nuclear activities. Advance notice in most cases is at least 24 hours. The advance notice is shorter – at least two hours – for access to any place on a site that is sought in conjunction with design information verification or ad hoc or routine inspections at that site. The activities carried out during complimentary access could include examination of records, visual observation, environmental sampling, utilization of radiation detection and measurement devices, and the application of seals and other identifying and tamper-indicating devices).
  • IAEA collection of environmental samples at locations beyond declared locations when deemed necessary by the Agency. (Wider area environmental sampling would require IAEA Board approval of such sampling and consultations with the State concerned).
  • IAEA right to make use of internationally established communications systems, including satellite systems and other forms of telecommunication.
  • State acceptance of IAEA inspector designations and issuance of multiple entry visas (valid for at least one year) for inspectors.
  • State provision of information about, and IAEA verification mechanisms for, its research and development activities related to its nuclear fuel cycle.
  • State provision of information on the manufacture and export of sensitive nuclear-related technologies, and IAEA verification mechanisms for manufacturing and import locations in the State.

Click here to view the Courtesy: Official website of IAEA.

 

 

 

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