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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Jaipur Foot Korea: launched by Korean Ambassador to India

Bong-kil Shin, South Korean Ambassador to India launched Jaipur Foot Korea, a collaborative initiative between South Korea (or Republic of Korea) and Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS), a Jaipur-based prosthetic limb non-profit organisation.

Key Highlights

Republic of Korea (ROK) ambassador to India signed an agreement with BMVSS for providing assistance in prosthetic limbs sector.

Agreement: Under the agreement ROK will provide financial and technical assistance to further research and development (R&D) collaboration, technology transfer and facilitate and develop business between India and Korea in med-tech (medical technology) sector specifically in area of prosthetic limbs, bionic arms, 3-D printing-based Flat foot solution and mobility solutions.

Significance

The Korean ambassador emphasised that the agreement signed will open up access to Korean med-tech students to join various prosthetic fitment camps in various countries and participate in certificate programmes offered by Jaipur Foot.

The agreement will also open up many opportunities for overseas development assistance and grants from Government of ROK and donations from several private institutions and corporations from Korea to India.

About Bhagwan Mahaveer Viklang Sahayata Samiti

BMVSS is the world’s largest organisation rehabilitating more than 1.78 million disabled. It is a pan-Indian organisation having over 23 branches across country.

It provides all its assistance, such as artificial limbs, calipers and many other aids/appliances with everything being totally free of charge.

It was registered as a society under Rajasthan Societies Registration Act on March 29, 1975 with its headquarters at Jaipur (India).

About Jaipur Foot

It is a lightweight and durable prosthetic limb/artificial limb.

It is a rubber-based prosthetic leg for people with below-knee amputations

Being inexpensive it is widely acceptable as prosthesis and has been widely used in India.

Month: Categories: International

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Saudi Arabia becomes 1st Arab country to get full FATF membership

Saudi Arabia has become 1st Arab country to be granted full membership of Financial Action Task Force (FATF) following FATF’s Annual General Meeting held in Orlando, Florida in United States (US).

Saudi Arabia and FATF

Background: Since November 2004, Saudi Arabia has been a founding member of Middle East and North Africa (MENA) arm of FATF group. At the beginning of 2015 Saudi Arabia had received an invitation from FATF as an observer member.

Now, the kingdom’s accession came as global money laundering watchdog celebrated 30th anniversary of its 1st meeting held in Paris (France) in 1989.

The full membership to Saudi Arabia comes after it was reported that Kingdom had made tangible progress for its efforts in implementing FATF’s guidelines.

What is FATF?

It was established in 1989, with headquarters in Paris, France.

Members: FATF comprises of 37-member jurisdictions and 2 Regional Organisations namely Gulf Cooperation Council (GCC) and European Commission (EC). With kingdom becoming a FATF member, the number of permanent members in group is now 39.

FATF Plenary: is FATF’s decision making body. It meets three times per year.

Function: The Financial Action Task Force is an international group responsible for issuing international standards, policies and best practices for combating money laundering, terrorist financing and proliferation and other related threats to integrity of international financial system.

Recent Developments: FATF has notified that Pakistan failed to complete its action plan on terror financing and has strongly urged Pakistan to swiftly complete its action plan by October 2019 or else face consequences.

Month: Categories: International

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