Daily Analysis of 'The Hindu' - 13th April, 2020 | Additional Study Material for UPSC PDF Download

 Page 1


Trade in tatters
?WTO’s outlook: merchandise trade to plummet by
anywhere between 13% and 32% in 2020.
?Economists at the WTO: things are going to be far
worse than 2008 Financial Crisis.
?IMF Managing Director: global economy is set to
contract sharply in 2020
?WTO + IMF: current downturn is unique
?Services trade — in which India has a higher global
share as an exporter ($214 billion, or 3.5%, in 2019)
than in merchandise exports — may be significantly
affected by the transport and travel curbs.
Page 2


Trade in tatters
?WTO’s outlook: merchandise trade to plummet by
anywhere between 13% and 32% in 2020.
?Economists at the WTO: things are going to be far
worse than 2008 Financial Crisis.
?IMF Managing Director: global economy is set to
contract sharply in 2020
?WTO + IMF: current downturn is unique
?Services trade — in which India has a higher global
share as an exporter ($214 billion, or 3.5%, in 2019)
than in merchandise exports — may be significantly
affected by the transport and travel curbs.
?Information technology services: work from
home + people order essentials + drugs online +
socialise remotely.
?WTO chief: a rebound in global economic activity
will require trade to flow freely across borders as
vitally as any fiscal or monetary stimulus.
?The world will be best served if nations do not
turn insular and erect new barriers to the
movement of goods, services and people in the
aftermath of the pandemic.
Page 3


Trade in tatters
?WTO’s outlook: merchandise trade to plummet by
anywhere between 13% and 32% in 2020.
?Economists at the WTO: things are going to be far
worse than 2008 Financial Crisis.
?IMF Managing Director: global economy is set to
contract sharply in 2020
?WTO + IMF: current downturn is unique
?Services trade — in which India has a higher global
share as an exporter ($214 billion, or 3.5%, in 2019)
than in merchandise exports — may be significantly
affected by the transport and travel curbs.
?Information technology services: work from
home + people order essentials + drugs online +
socialise remotely.
?WTO chief: a rebound in global economic activity
will require trade to flow freely across borders as
vitally as any fiscal or monetary stimulus.
?The world will be best served if nations do not
turn insular and erect new barriers to the
movement of goods, services and people in the
aftermath of the pandemic.
Cease fire
?Both countries have not been able to uphold a
ceasefire along the border areas and the Line of
Control.
?Defence Minister Rajnath Singh claimed just two
months ago that “all violations of ceasefire are taken
up with Pakistan authorities at the appropriate
level through the established mechanism of hotlines,
flag meetings as well as weekly talks between the
Directorate Generals of Military Operations of the two
countries ”.
?February: 3,479 violations for 2019, which works out
to almost 10 every day.
Page 4


Trade in tatters
?WTO’s outlook: merchandise trade to plummet by
anywhere between 13% and 32% in 2020.
?Economists at the WTO: things are going to be far
worse than 2008 Financial Crisis.
?IMF Managing Director: global economy is set to
contract sharply in 2020
?WTO + IMF: current downturn is unique
?Services trade — in which India has a higher global
share as an exporter ($214 billion, or 3.5%, in 2019)
than in merchandise exports — may be significantly
affected by the transport and travel curbs.
?Information technology services: work from
home + people order essentials + drugs online +
socialise remotely.
?WTO chief: a rebound in global economic activity
will require trade to flow freely across borders as
vitally as any fiscal or monetary stimulus.
?The world will be best served if nations do not
turn insular and erect new barriers to the
movement of goods, services and people in the
aftermath of the pandemic.
Cease fire
?Both countries have not been able to uphold a
ceasefire along the border areas and the Line of
Control.
?Defence Minister Rajnath Singh claimed just two
months ago that “all violations of ceasefire are taken
up with Pakistan authorities at the appropriate
level through the established mechanism of hotlines,
flag meetings as well as weekly talks between the
Directorate Generals of Military Operations of the two
countries ”.
?February: 3,479 violations for 2019, which works out
to almost 10 every day.
Page 5


Trade in tatters
?WTO’s outlook: merchandise trade to plummet by
anywhere between 13% and 32% in 2020.
?Economists at the WTO: things are going to be far
worse than 2008 Financial Crisis.
?IMF Managing Director: global economy is set to
contract sharply in 2020
?WTO + IMF: current downturn is unique
?Services trade — in which India has a higher global
share as an exporter ($214 billion, or 3.5%, in 2019)
than in merchandise exports — may be significantly
affected by the transport and travel curbs.
?Information technology services: work from
home + people order essentials + drugs online +
socialise remotely.
?WTO chief: a rebound in global economic activity
will require trade to flow freely across borders as
vitally as any fiscal or monetary stimulus.
?The world will be best served if nations do not
turn insular and erect new barriers to the
movement of goods, services and people in the
aftermath of the pandemic.
Cease fire
?Both countries have not been able to uphold a
ceasefire along the border areas and the Line of
Control.
?Defence Minister Rajnath Singh claimed just two
months ago that “all violations of ceasefire are taken
up with Pakistan authorities at the appropriate
level through the established mechanism of hotlines,
flag meetings as well as weekly talks between the
Directorate Generals of Military Operations of the two
countries ”.
?February: 3,479 violations for 2019, which works out
to almost 10 every day.
?Upward tick since Article 370
?What utility do these mechanisms have if the violations continue
unchecked?
?Army blames Pakistan for initiating the shelling in K upwar a’ s Keran
sector to facilitate infiltration which seems to have picked up pace
as have operations against terrorists.
?That as many as five highly trained para commmandos should have
lost their lives in exchange for the lives of five infiltrators is
unfortunate and unacceptable.
?Wherever possible, exercising the option of precise, surgical,
preventive action against such infiltration, to minimise collateral
damage, through better use of technology, such as drones, might
be preferable.