General Awareness

INTERNATIONAL AFFAIRS - February 2016

Feb 2016

Mar 04, 2024

Shehbaz Sharif Elected Pakistan's Prime Minister for Second Term

Pakistan's newly formed parliament elected Shehbaz Sharif as Prime Minister for a second time, three weeks after uncertain national elections caused delays in the formation of a coalition government.
He beat Omar Ayub, the candidate backed by jailed former Prime Minister Imran Khan, who secured 92 votes. Sharif returned to the role he held until August when parliament was dissolved ahead of the elections and a caretaker government took over. No single party won enough seats to form government on their own.

Mar 02, 2024

Alexander Stubb Assumes Finnish Presidency

Alexander Stubb was sworn in as the President of Finland, taking over from longtime former President Sauli Niinistö who served 16 years at the helm. The leadership transition came in a new era after becoming a NATO member — something he will demonstrate by making his first foreign trip to inspect the military alliance's drill in neighbouring Norway's Arctic region.

Mar 01, 2024

PM Modi, Mauritius PM Jugnauth Inaugurate Airstrip, Jetty in Agalega

Prime Minister Narendra Modi and Mauritius Prime Minister Pravind Jugnauth jointly inaugurated an airstrip and a jetty in Agalega Island.
Apart from the airstrip and St James Jetty at Agalega Island, six other projects, implemented with financial assistance from India, were also inaugurated by both leaders virtually.

Feb 29, 2024

World Gold Council Appoints De Beers' Sachin Jain as Chief Executive Officer

The World Gold Council (WGC), representing global gold miners, named Sachin Jain as its new CEO for India. Jain's extensive experience, particularly in the jewellery market and strategic leadership, positions him well for this crucial role.
Jain joined WGC India from De Beers, where he served in various senior capacities over the past 13 years. Notably, as Managing Director of De Beers India, he spearheaded the De Beers Forevermark business in India and West Asia. His tenure at De Beers equipped him with a deep understanding of the Indian consumer psyche and jewelry market dynamics.
Prior to his stint at De Beers, Jain held significant roles at renowned companies such as Lladro, Swatch Group, and Benetton. His diverse experience spans over two decades, reflecting his versatile skill set and strategic acumen.

India's Ranks 42 in the Global Intellectual Property Index 2024

The US Chamber of Commerce unveiled the 12th edition of its International Intellectual Property (IP) Index, offering a comprehensive evaluation of the IP landscape across the globe. This year's (2024) index ranked 55 economies, assessing their IP frameworks' effectiveness in fostering innovation and creative industries. The United States retained its position at the pinnacle, followed closely by the United Kingdom and France, highlighting the critical role of robust IP systems in economic development.
India secured the 42nd position out of the 55 countries evaluated, with an overall score of 38.64 per cent. This placement underscores the ongoing challenges and opportunities for India in strengthening its IP framework to bolster innovation and economic growth. Despite the static position, the inclusion of India in the analysis signifies its importance in the global IP discourse.
Top 10 Economies for IP Rights are United States (95.48%), United Kingdom (94.12%), France (93.12%), Germany (92.46%), Sweden (92.12%), Japan (91.26%), Netherlands (91.24%), Ireland (89.38%), Spain (86.44%) and Switzerland (85.98%).

Feb 28, 2024

WTO Adopts New Plurilateral Agreement on Domestic Services Regulation

The World Trade Organisation (WTO) adopted an agreement on domestic services regulation that aims to lower trade costs to the tune of about $150 billion per year.
The services domestic regulation agreement entered into force at the 13th Ministerial Conference in Abu Dhabi.
As many as 72 countries, including major economies such as the United States (US), Canada, Japan, China, United Kingdom, and Switzerland are part of the plurilateral agreement. These countries represent more than 90 per cent of global services trade.
India, however, is not a part of the agreement and has been opposing the plurilateral pact.
India, in principle, has been against plurilateral pacts on platforms such as the WTO as it believes that it may dilute its multilateral trade framework.
Till now, countries such as India, and South Africa have been questioning the legality of the plurilateral agreements at the WTO on services regulation, investment facilitation, and e-commerce.

Palestinian PM Resigns Citing 'New Reality' of Gaza War

Palestinian Prime Minister Mohammad Shtayyeh announced the resignation of his government, which rules parts of the occupied West Bank, citing the need for change after the Israel-Hamas war in Gaza ends.
Shtayyeh submitted the resignation to the leader of the Ramallah-based Palestinian Authority, President Mahmud Abbas.
The United States and other powers called for a reformed Palestinian Authority to take charge of all Palestinian territories after the end of the war sparked by Hamas's October 7 attack.

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