Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

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India ranks 37th in USCC’s 2016 Intellectual Property Index

In recently released Intellectual Property Index (IPI) by United States Chamber of Commerce (USCC), India was ranked 37th among the surveyed 38 countries.

These 38 countries benchmarked in the 2016 index accounts for nearly 85% of the global GDP. Venezuela ranked lowest below India at 38th position with 6.42 points on the index.

Key highlights

  • In this edition of IP Index, India has scored a low 7.0 out of maximum 30 points.
  • Top 10 Countries: US (28.6 score), UK (27.5), Germany (27.4), France (27.2), Sweden (27.1), Singapore (25.6), Switzerland (24.9), Australia (24.8), Japan (23.3) and South Korea (23.3).
  • BRICS Countries: Russia (20th Rank), China (22nd), South Africa (26th), Brazil (29th) and India (37th).
  • Reasons for India’s lower ranking: Patent protection in India remains outside of international best practices.
  • Indian laws do not provide adequate enforcement mechanisms to combat online piracy effectively.

About Intellectual Property Index

The index is based on 30 parameters (each having one point) fixed by US Chamber’s Global Intellectual Property Centre (GIPC). It was started in 2012 and some of its criteria are patent, copyright and trademark protections, enforcement and engagement in international treaties.


UAE’s ADNOC to store crude oil in India’s Strategic Petroleum Reserves

The UAE’s national oil company Abu Dhabi National Oil (ADNOC) Company has agreed to store crude oil in India’s maiden Strategic Petroleum Reserves (SPRs) storage.

It will be first of its kind deal in which India has partner with other country for storing crude oil in the SPR storage for emergency purpose.

Strategic Petroleum Reserves: India is building underground SPR storages at Visakhapatnam (1.33 million tonnes capacity), Mangalore (1.5 million tonnes) and Padur (2.5 million tonnes) to store about 5.33 million tonnes of crude oil. These SPRs will act as a valuable buffer against short term oil supply disruptions and global price shocks as India is 79 per cent dependent on imports to meet its crude oil needs.

Key facts

  • UAE has agreed to give two-third of the oil to it for free for this purpose. Presently India imports upto 8 per cent of crude oil from UAE.
  • ADNOC is keen on taking half of the 1.5 million tonnes Mangalore SPR facility. It will stock 6 million barrels or 0.75 million tons of crude oil in one compartment of this facility.
  • Of this, 0.5 million tons of stored crude oil will belong to India and it can use it at the time of emergencies.


NATO, EU sign agreement on Cyber Defence Cooperation

The North Atlantic Treaty Organization (NATO) and European Union (EU) have signed an agreement to improve Cooperation in Cyber Defence to counter modern forms of hybrid warfare.

In this regard a technical agreement was signed at NATO headquarters in Brussels, Belgium between both organisations which have 22 member countries in common.

It was signed between NATO Computer Incident Response Capability (NCIRC) and the Computer Emergency Response Team – European Union (CERT-EU).

Key facts

  • This agreement will help both organizations better address the challenges of cyber security against the growing threat of cyber-attacks.
  • Under it, both organizations will exchange information and share best practices to improve cyber incident prevention, detection and response.
  • The deal has allowed member countries to perform the objectives of the EU Cyber Defence Policy Framework.