Terror Funding: FATF retains Pak. on grey list (GS 2,3)
What is FATF?
The FATF is an inter-governmental body that works to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system
- Pakistan has been under the FATF’s scanner since June, 2018, when it was put on thegreylist for terror financing and money laundering risks, after an assessment of its financial system and law enforcement mechanisms.
- FATF wants to see effective implementation of targeted financial sanctions against all terrorists designated under UN Security Council Resolutions 1267 and 1373.
Impact of being blacklisted
- Pakistan’s $6 billion loan agreement with the International Monetary Fund (IMF) could be threatened.
Pakistan faces an estimated annual loss of $10 billion if it stays in the grey list; if blacklisted, its already fragile economy will dealt with a powerful blow.
‘Proposal on Ravidas Temple objectionable’ (GS 1)
- Guru Ravidas was a North Indian mystic poet of the bhakti movement
- While the exact year of his birth is not known, it is believed that the saint was born in 1377 C.E.
- The Adi Granth of Sikhs, in addition to the Panchvani are the two of the oldest documented sources of the literary works of Guru Ravidas.
Guru Ravidas Teachings:
- Guru Ravidas spoke against the caste divisions and spoke of removing them to promote unity.
- His teachings resonated with the people, leading to a religion being born called the Ravidassia religion, or Ravidassia Dharambased on his teachings.
- He taught about the omnipresence of God and said that a human soul is a particle of God and hence Ravidas rejected the idea that people considered lower caste cannot meet God.
Validation Exercise and Closing Ceremony Indo Mongolian Exercise Nomadic Elephant XIV (GS 2,3)
In the series of joint bilateral exercises between India & Mongolia, both nations have once again come together to enhance bilateral friendship to the next level. The fourteenth edition of joint military training exercise between Indian Army and Mongolian Army named EX NOMADIC ELEPHANT 2019 which commenced on 05 Oct 19 concluded at Foreign Training Node (FTN), Bakloh on 18 Oct 19.
India-US bilateral defence trade to reach USD 18 bn this year: Pentagon (GS 2,3)
- Defence relationship has emerged as a major pillar of India-USA strategic partnership with the signing of ‘New Framework for India-U.S. Defence Relations’ in 2005 and the resulting intensification in defence trade, joint exercises, personnel exchanges, collaboration and cooperation in maritime security and counter-piracy, and exchanges between each of the three services.
- India participated in Rim of the Pacific (RIMPAC) exercise in July-August 2016.
- India has been designated as a major defence partner of the United States. It puts India on a par with the closest allies and partners of the US. India’s Major Defence Partner status has been made a part of the India Amendment in the National Defence Authorization Act (NDAA), 2017 of US
- Pathfinder projects have been identified under this Defence Technology and Trade Initiative (DTII).
- Strategic Trade Authorisation-1 (STA-1) category, puts India at par with allies in terms of technology access. This should enable the DTII to graduate to more ambitious projects.
- UAV Technology saleto India approved. The transfer of the state-of-the-art UAV technology to India will be the first significant progress after India’s entry into the exclusive Missile Technology Control Regime (MTCR) and after the US has designated India as a major defence partner.
- United States (US) has made changes in its export control laws that will benefit India by facilitating smoother transfer of technologies and arms.
- The agreements signed during the past few years include:
- Logistics Exchange Memorandum of Association (LEMOA)
- Fuel Exchange Agreement
- Technical Agreement (TA) on information sharing on White (merchant) Shipping
- Information Exchange Annexe (IEA) on Aircraft Carrier Technologies