International Current Affairs - 2019
Latest International Current Affairs 2019 with news summaries and current events in International developments, geopolitical, organizations, groupings and fora related updates for India and world with all important national news updates and events for the year 2019.
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As per a UN expert on right to food, ‘Ocean-grabbing’ is as serious a threat as ‘land-grabbing’.
What is “Ocean-grabbing”?
- An aggressive industrial fishing by foreign fleets.
How and to whom is it threatening?
- Ocean grabbing is mainly concerned with the interest of smaller fishermen, local communities and sustainable fishing.
- It is a threat to food security in developing nations
- Excessive and aggressive fishing threatens the fish ecosystem and makes this practice unsustainable.
- It depletes the fishing zones at a faster rate.
What is “land-grabbing”?
- Land grabbing is the contentious issue of large-scale land acquisitions: the buying or leasing of large pieces of land in developing countries, by domestic and transnational companies, governments, and individuals.
- Countries such as China and Saudi Arabia have bought up agricultural land in poorer countries such as Ethiopia and Ghana.
What is “water-grabbing”?
- Water grabbing involves the diversion of water resources and watersheds by domestic and transnational companies, governments, and individuals, which deprives local communities who depend on the water and ecosystems for their livelihoods.
- The ability to take over water is usually associated with processes of commoditization and privatization of water that transform water from a public good to a private commodity, with access often controlled by ability to pay.
What are the suggestions made by UN to contain “Ocean grabbing”?
- Create exclusive artisanal fishing zones for small-scale fishers and clamp down on incursions by industrial fleets
- Support small-scale fishers’ cooperatives and help them rise up the value chain
- Put co-management schemes in place to manage fishing resources locally
- Refrain from undertaking large-scale development projects, e.g. sand extraction, that adversely affect the livelihoods of small-scale fishers
- Make fisheries and small-scale fishers an integral part of national right to food strategies.
In reply to Russia’s comment to take the cancellation of 2G license of Sistema for international arbitration if it is not resolved in Indian courts, India has said that the matter is commercial and all parties are free to take legal recourse that they deem appropriate to meet their commercial goal.
What is the matter over Sistema?
- Sistema is a Russian telecom company.
- Incorporated in 1993, Sistema is now one of Russia’s top ten companies by revenues and is one of the largest investment companies in the world.
- It has a joint venture with and it holds a major stake in Sistema Shyam Teleservices Ltd. whose 21 out of 22 licences were cancelled by the Supreme Court in February, 2012 (when SC cancelled 122 licences).
- Sistema Shyam Teleservices Ltd (SSTL), a JV between Russian conglomerate Sistema and India’s Shyam Group.
- Mobile TeleSystems or simply MTS India is a subsidiary of Russian conglomerate Sistema
- Russia had previously asserted it will not let Sistema’s USD 3.1 billion investment (in its Indian telecom venture) go waste due to "internal problems" in India.
Month: Categories: International