Category Major Feats of Organisation

What is the purpose of ICRC?

While reading news about any war-stricken country, you must have read about International Committee of the Red Cross (ICRC) giving aid to the victims. However, do you know what ICRC is?

Origin

ICRC, established in 1863, is an independent and neutral organisation that helps people who are affected by conflict and armed violence and promote the laws protecting victims of war.

Its work is based on the Geneva Conventions of 1949, which are international treaties that protect people who do not take part in the fighting (civilians, medics, aid workers) and those who can no longer fight (wounded, sick, and shipwrecked troops. prisoners of war, etc.).

The ICRC was formed in response to the experiences of its founder. Jean-Henri Dunant, during Italy’s Battle of Solferino in 1859. He had witnessed wounded soldiers left to die over lack of adequate medical services.

In 1862, he published an account of the Solferino’s situation

By next year, his popularity led to the formation of International Committee for the Relief of the Wounded with the help of Geneva Society for Public Welfare.

This committee became the International Committee of the Red Cross in 1875.

The ICRC is now one of the components of a large network that includes national Red Cross and Red Crescent societies and the International Federation of Red Cross and Red Crescent Societies.

Emblem

The governments attending the diplomatic conference, wherein the First Geneva Convention in 1864 was adopted, decided that a clear neutral sign was needed on the battlefield to protect medical staff and facilities.

A red cross on a white background, the exact reverse of the flag of neutral Switzerland, was opted. The emblem is recognisable at a distance because of its contrasting colours.

At present, there are three emblems that are used by the ICRC-red cross, red crescent, and red crystal. They provide protection for military medical services and relief workers in armed conflicts.

Recently, two ICRC workers were kidnapped in Mali (the country is battling insurgencies that broke out in the north of the country in 2012). Such deliberate attacks a person, equipment, or a building having a protective emblem is a war crime under international law.

The organisation

ICRC’s headquarters is in Geneva, Switzerland. It is funded mainly by voluntary donations from governments and from nation Red Cross and Red Crescent societies.

The work of the ICRC in both World Wars was recognised the Nobel Prize for Peace in 1917 and 1944. It shared another Nobel Peace Prize with the League of Red Cross Societie in 1963, the year of the 100th anniversary of the ICRC’S founding.

All the members are Swiss mainly because of the origin f the Red Cross.

The current president of is Mirjana Spoljaric, who previously served as the United Nations Assistant Secretary-General.

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What are OPEC and OPEC+?

Some of the world’s biggest oil producers are cutting back. A group of OPEC+ countries, led by Saudi Arabia, recently announced a surprise output cut of one million barrels a day. But do you know what OPEC and OPEC+ are? Or what the production cut implies? Let’s find out.

Oil giants

The Organisation of the Petroleum Exporting Countries (OPEC) is an intergovernmental organisation that produces oil. It was created at the Baghdad Conference in Iraq in September 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Its establishment took place against a background of great change in the world with extensive decolonisation and the rise of many independent nations.

Headquartered in Vienna, Austria, the OPEC cartel is responsible for fixing the price of oil on the world market and managing supply. This is to avoid fluctuations in oil price that might affect the economies of oil producing and purchasing countries.

OPEC & OPEC+

OPEC is made up of 13 of the world’s major oil-exporting countries-Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of Congo, Saudi Arabia, the United Arab Emirates, and Venezuela.

OPEC+ is, as the name suggests, OPEC plus other oil producing countries such as Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan. In other words, OPEC+ is a group of 23 oil-exporting countries which meets regularly to decide how much crude oil to sell on the world market. In 2016, when oil prices were low, OPEC joined these 10 oil producers to create OPEC+ to have greater control over the global crude oil market. These countries together produce about 40% of the world’s crude oil.

Implication of the cut

Recently, a group of OPEC+ countries announced a surprise output cut of one million barrels a day in a bid to boost oil prices and support market stability. Russia, also part of OPEC+, said it was extending a previously announced unilateral cut of 5,00,000 barrels a day until the end of 2023.

The cut which will come into force from May this year is in addition to the cut of two million barrels a day announced in October 2022 which resulted in a 5% rise in oil prices globally. Recent crises in the banking sector in the US and Switzerland have raised concerns about the possibility of a recession in the near future, which might lead to a decline in demand for oil.

As for the background, demand for oil dropped drastically during the COVID pandemic. Hence OPEC countries decided to cut down production to prevent a supply glut. Besides there was a price war going on between Russia and Saudi Arabia, leading to a slump in oil prices. However, the Russian invasion of Ukraine in February 2022 pushed up oil prices raising concerns that the Western sanctions against Moscow could lead to an oil shortage. Following this, many countries stopped buying Russian oil in a bid to make its invasion unsustainable. The wealthy G-7 countries have also imposed a price cap on Russia’s oil exports to keep the country’s oil revenues low. Russia is now exporting more crude to India and China.

The idea behind cutting production seems to be to boost demand by lowering supplies. It is needless to say that this energy crisis is driving up global inflation.

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What is WIPO?

The main objective of the World Intellectual Property Organisation is to establish an effective intellectual property ecosystem worldwide to promote innovation and creativity.

The theme for this year’s World Intellectual Property Day is “Women and IP: Accelerating Innovation and Creativity”. But do you know what Intellectual Property is, when and why World Intellectual Property Day is celebrated, and what IP rights involve? Come, let’s find out.

Intangible assets

IP is intellectual property, which can be defined as any intangible asset (not physical in nature) that is an outcome of creativity, and is protected by law through patents, trademarks, and copyrights. (While a patent is a right granted by the government to inventors in order to exclude others from copying or sharing their creations without their permission, a trademark is a word, name, or symbol that a company exclusively puts on its products and that cannot be used by others. Copyright is the exclusive right enjoyed by owners of IP to duplicate their work and also authorise duplication.) IP refers to “creations of the mind”. Authors, musicians, and inventors are keen to procure patents so as to protect their creations from theft and commercial exploitation.

Intellectual property rights provide legal protection for original works such as inventions, literary and artistic creations, industrial designs, and symbols used in trade. This encourages people/organisations to invest in research and development, innovate, and come up with inventions that will be beneficial to both the creators and the world, thereby serving as a catalyst for global growth. Intellectual property law enables individuals/ organisations to claim exclusive rights over and commercialise (make money from) what they have invented or created. In other words, such legally protected assets cannot be used by the public or organisations without the consent of the creator.

Encouraging innovation

World Intellectual Property Day is celebrated on April 26. The aim is to create awareness about intellectual property and its role in encouraging innovation and creativity. Besides, this day is also about celebrating creators across the world and their creations. It was officially established by the World Intellectual Property Organisation (WIPO) in August 1999.

The WIPO is a specialised agency of the United Nations, established by a convention in 1967 mainly to promote the protection of intellectual property throughout the world. Headquartered in Geneva, Switzerland, the intergovernmental organisation serves as a global forum for IP services, policy, information, and cooperation.

Daren Tang of Singapore is the current Director General of the WIPO. The WIPO releases the World Intellectual Property Indicators report every year. This report reveals information about filings for patents, trademarks, industrial designs, geographical indications, etc. worldwide and their growth.

Every year, the WIPO announces a new theme for World Intellectual Property Day. This year’s theme is “Women and IP: Accelerating Innovation and Creativity”, which aims to encourage women inventors, creators, and entrepreneurs around the world.

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What is cryonics? Why is it in the news?

Cryonics has been making headlines with a number of big names evincing interest in signing up to be cryopreserved after their death. Sounds like something straight out of a science fiction? Well, let’s take a peek into the evolving world of cryonics or cryopreservation.

The term ‘cryonics’ is derived from Greek kryos meaning ‘cold’. Cryonics or cryopreservation is the practice of storing biological material at extremely low temperatures. It involves freezing at ultra-low temperatures (that is below -196 degrees C) in the hope that revival may be possible in the future. At present, cryonics is just a blend of science and speculation (as revival is not guaranteed).

When someone who has consented to be cryonically preserved dies, their body is cooled by a team of technicians. Then it is carried to a cryonics facility where organ preservation solutions are used. The concept of cryopreservation evolved in the 1960s. Robert Chester Wilson Ettinger, a physics professor, is widely regarded as the father of the cryonics movement. It was he who put forth the idea of cryopreservation in his book “The Prospect of Immortality” in 1962. The book captivated the imagination of people and made Ettinger hugely popular. Ettinger went on to found the Cryonics Institute, a non-profit organisation, in Detroit, Michigan, in 1976 and served as its president till 2003. In 2012, Ettinger died aged 92, and his body has been in cryonic suspension since.

Adherents believe that along with advancements in medical and technological fields cryopreservation can revive life, repair damage, and reverse disease and ageing. However, critics look at cryonics with scepticism and also raise ethical questions because the whole process is against nature.

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What are the terms which start from Red?

Red Cross

The Red Cross is an organisation that helps people suffering both during peace time and war. Even countries at war respect the neutrality of the Red Cross and allow its volunteers to serve the wounded. It was started by Henry Dunant and was formally launched in 1863 at Geneva, Switzerland. The Red Cross owes its name to its flag. Its flag is a red cross on a white background. May 8 is celebrated as World Red Cross Day to honour Henry Dunant’s birthday.

 Red giant

It is any luminous giant star with a radius between 10 and 100 times larger than that of the Sun. When a star reaches the end of its life, the temperature at its core increases, thus causing it to expand. Hence the giant size. Red giants are stars that have run out of hydrogen supply in their cores and start deriving energy from thermonuclear fusion of hydrogen outside their core.

Redwood

It is a magnificent forest tree that grows along the west coast of the U.S. Redwoods are among the world’s tallest living trees measuring 60 to 85 m high. The tallest redwood tree is in California. It is 110 m high. These trees grow so close together that little sunlight reaches the ground. The wood is soft and red but it is remarkably resistant to insects and decay. In fact, the bark of the restwood tree is even fireproof because of its high water content.

Red Sea

The Red Sea is a long narrow arm of the Indian Ocean that separates the Arabian Peninsula from north-eastem Africa. It covers about 4,56,000 sq.km. The Red Sea is connected to the Mediterranean Sea by the Suez Canal, and is one of the busiest waterways in the world. It is called so probably because of the reddish brown algae that floats on its surface in summer.

Red card

It is a penalty card shown to players in many sports to indicate that the player has committed a serious offence and must leave the pitch for breaking the rules. The player is often barred from playing the next game as well.

Red Fort

The Red Fort in Delhi is the largest of old Delhi’s monuments, it was the palace of Mughal emperor Shah Jahan, It once housed the legendary Peacock Throne and the Koh-i-noor diamond. The fort’s massive defensive wall, two to 2.5-km long and 18 to 33m high, is made entirely of red sandstone. It is here that the Prime Minister hoists the national flag every Independence Day.

Redbreast

It is a small, European, thrush-like bird with a red breast, and commonly called robin. The bird, noted for its tameness, nests in ivy or other creepers on trees and walls, in plant pots or other containers. It has a sweet, warbling song and a loud penetrating ‘tic tic alarm call.

 Red Square

It is the most famous landmark of Moscow. The historical square, built in the 15th Century during the reign of Ivan III, has remained the venue for important state functions. It lies in the heart of the city and is lined by some of Moscow’s most significant structures, including the Kremlin and St. Basil’s Cathedral. The Red Square is also home to Vladimir Lenin’s mausoleum.

Red blood cells

They are the disc-like cells from which the blood gets its familiar colour. They are so small that a drop of blood the size of a pinhead contains five million of them. Their main constituent is the red pigment haemoglobin.

Red carpet

It is traditionally rolled out on the route taken by Heads of State and dignitaries on ceremonial and formal occasions. In recent times, it has been extended to VIPS and celebrities as well on events such as award functions. This practice gave rise to the expression ‘red carpet treatment’.

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What is Enforcement Directorate?

The Enforcement Directorate is India’s premier central financial probe agency

The Centre has allowed the Enforcement Directorate (ED) to share information about financial offenders with 15 more agencies, including Serious Fraud Investigation Office (SFIO), the Competition Commission of India (CCI), and the National Investigation Agency (NIA). Earlier, the ED used to share its data with 10 agencies.

Origin

The Enforcement Directorate’s origins go back to 1956. The Directorate began on May 1, 1956 in New Delhi (headquarters) as ‘Enforcement Unit, as part of the Department of Economic Affairs for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947.

The unit’s name was changed to Enforcement Directorate in 1957. Another branch was opened in Madras (now Chennai).

In 1960, the administrative control of the Directorate was transferred from the Department of Economic Affairs to the Department of Revenue.

What is ED?

The Enforcement Directorate is a multi-disciplinary organisation mandated with the investigation of offences of money laundering and violations of foreign exchange laws.

It is responsible for the enforcement of the Foreign Exchange Management Act, 1999 (FEMA) and certain provisions under the Prevention of Money Laundering Act (PML).

The Directorate is under the administrative control of the Department of Revenue for operational purposes; the policy aspects of the FEMA, its legislation and amendments are within the purview of the Department of Economic Affairs. Policy issues pertaining to the PML Act, however, are the responsibility of the Department of Revenue.

Sanjay Kumar Mishra is the current chief of the Enforcement Directorate. The Directorate has 10 zonal offices, each of which is headed by a Deputy Director, and 11 sub-zonal offices, each of which is headed by an Assistant Director.

The Enforcement Directorate, India’s premier central financial probe agency, has always been in the limelight for probing some of the most high profile cases of the country, involving business houses, top politicians, and industrialists.

SOME OF THE AGENCIES WITH WHOM THE ED CAN SHARE DATA

  • Serious Fraud Investigation Office
  • Competition Commission of India
  • National Investigation Agency
  • State Police Department
  • Special Investigation Team
  • Directorate General of Foreign Trade
  • Ministry of External Affairs
  • National Investigation Agency
  • Central Vigilance Commission
  • Military Intelligence directorate
  • Central Bureau of Investigation
  • National Technical Research Organisation
  • Reserve Bank of India
  • Securities and Exchange Board of India
  • Insurance Regulatory and Development Authority of India
  • Intelligence Bureau Financial Intelligence Unit
  • Department of Company Affairs
  • Cabinet Secretariat (Research and Analysis Wing)
  • Director (Financial Intelligence Unit)
  • National Intelligence Grid
  • Defence Intelligence Agency

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