Polity & Governance
Appointments & Resignations
New Atlantic Charter
- UK Prime Minister Boris Johnson and US President Joe Biden have signed a new Atlantic Charter aimed at working together on global challenges.
- The Atlantic Charter was a joint declaration released by US President Franklin D. Roosevelt and British Prime Minister Winston Churchill on 14th August 1941 during World War II in Newfoundland.
- Purpose-They desired no territorial changes without the free assent of the peoples concerned.
India ties with Russia as 4th largest forex reserves holder
- India’s foreign exchange reserves crossed $600 for the first time.
- As of June 4, the foreign exchange reserves stood at $605 billion, almost tying with Russia as the fourth largest reserve holder in the world.
- While India’s forex reserve was $605.008 billion, Russia’s was $605.2 billion.
- It took just about a year for the reserves to rise by $100 billion.
- The huge accumulation of reserves has also improved India’s import cover substantially.
Build Back Better World (B3W)
- The Group of Seven richest democracies sought to counter China’s growing influence by offering developing nations, an infrastructure plan that would rival China’s Belt and Road Initiative (BRI).
- It will provide a transparent infrastructure partnership of $40 trillion.
- It will make labour to work in a better environment which is not possible in a country like
- Build Back Better World” (B3W), will be a values-driven, high-standard, and transparent infrastructure partnership led by major democracies and intended to facilitate the building of infrastructure in poorer nations.
Three Child Policy approved by China
- After census statistics revealed China’s population growth has slowed to its slowest rate since the 1950s, the Government has announced it will now allow married couples to have three children.
- One Child Policy-China’s one-child policy, which was enacted in 1980 by then-leader Deng Xiaoping, was in effect until 2016.
- Two-Child Policy: China ended its decades-old “one-child policy” in 2016, citing concerns that the country’s aging population and falling birth rate would lead to a looming demographic disaster.
- Three Child Policy: While the relaxation did result in some improvement in the proportion of young people in the country, the policy change was deemed insufficient in averting an impending demographic crisis.
BRICS FMs agree on covid vaccine IPR waiver
- At the World Trade Organization, the BRICS countries approved India and South Africa’s combined proposal for a COVID vaccine waiver.
- BRICS (Brazil, Russia, India, China, and South Africa)-
- BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China and South Africa.
- In 2001, the British Economist Jim O’Neill coined the term BRIC to describe the four emerging economies of Brazil, Russia, India, and China.
- For the first time in five years, China has launched a crewed spacecraft called Shenzhou-12.
- Three astronauts traveled to the Tiangong station(China’s new space station) in the Shenzhou-12 spaceship, which was launched from northwest China’s Gobi desert on a Long March-2F rocket.
- The primary objective of the Shenzhou-12 mission is to bring the 22.5-tonne Tianhe module into service.
- The Shenzhou-12 is made up of 14 sub-systems and is divided into three sections: an orbiter module, a return module, and a propelling module.