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G.S III - Economy

10 Years of UPI


Mains: GS – III – Economy

Why in News?

UPI, now 10 years old, has become India’s backbone for digital payments, has not just transformed payments in India, but the behaviour of customers and merchants.

What is UPI & it’s working?

  • UPI (Unified Payments Interface) – It is India’s mobile-based, real-time payment system that allows instant money transfers between bank accounts using a smartphone app, without needing to enter sensitive bank details each time.
  • Purpose – To simplifies digital payments by linking multiple bank accounts to one app.
  • Developed by – NPCI on 2016, which has  transformed digital payments ecosystems.
  • Regulated by – Reserve Bank of India (RBI).
  • The system uses Immediate Payment Service (IMPS) and Aadhaar Enabled Payment System (AEPS) for seamless money transfers.

Working

  • Setup – Download a UPI-enabled app (e.g., PhonePe, Google Pay, Paytm, BHIM), link your bank account, create a Virtual Payment Address (VPA) (e.g., name@bank), & set a UPI PIN for authentication.
  • Transaction Flow – To send money, enter recipient’s UPI ID/scan QR, enter amount, confirm with UPI PIN.
  • For request money, enter payer’s UPI ID, request amount, payer approves with UPI PIN.
  • Both sender and receiver get instant confirmation.

UPI 1

Journey of UPI  

UPI 2

 

What is the present status of UPI in India?

  • UPI’s Growth rate & Target – UPI is growing at a healthy rate of 30% and is now targeting a billion users over the next 10 years.
  • User base – The platform currently has around 400 million active users.
  • Nature of growth – The growth feels more organic now because the base is huge.
  • But in absolute transaction volumes, expansion will remain relentless as UPI becomes a financial identity for all age groups and population segments.
  • NPCI’s Innovation Drive with UPI – NPCI, which runs UPI, has kept up the pace of innovation even as the platform and the company have scaled up dramatically over the last 10 years.
  • Ecosystem Scale – More than 700 banks plug into the UPI network.
  • There are close to 50 third-party UPI apps (TPAP) like PhonePe and Google Pay.
  • More than 100 financial apps connect to the network through partners.
  • Smaller Players Rising – Navi, super.money, BHIM, WhatsApp Pay showing growth & new apps focusing on RuPay Credit on UPI: Kiwi, Jupiter, BharatPe, Scapia, all these could become major players in the next decade.
  • Market Outlook – The pie is expanding, inevitably, no single player can serve all needs, will expect broadbased players (general services) + specialists (recurring payments, credit products).
  • Recent Launches
    • Reserve Pay – AIpowered agentic payments for ecommerce without user intervention.
    • Biometric Authentication – Fingerprint/face ID for UPI payments.
    • UPI Circle – Delegated payments to others for minors & seniors with checks/controls.
    • Credit Line on UPI (CLOU) – Access to microcredit.
    • Hello UPI – Voiceactivated UPI payments.
    • BillPay Connect – Facilitates chat-based bill payments.
    • UPI Tap & Pay – Payments based on near-field communication (NFC) technology
    • UPI Lite X – An on-device wallet facility.
    • Cash Withdrawal in ATMs – via UPI without using cards.
  • NPCI’s Strength and focus
  • Infinite Scalability – UPI’s technology stack architecture allows for infinite scalability.
  • It is designed for limitless growth, supporting massive transaction volumes.
  • Reliability – UPI faces several failures at the bank-level, the system-wide outages are rare.
  • NPCI has been working with banks to improve the technical decline (TD) rates (server unavailability issues) to reduce such incidents.
  • From around 5-6% in 2020 and 2021, the TD rates have come down to below 1% for most large banks.
  • Ownership & Model – NPCI is owned by the banks and other payment companies.
  • Being a non-profit organisation, the organisation is likely investing all the profits to build more products and add more features.

What about the global impact created by the UPI?

  • Focus on internationalization – NPCI is expanding UPI abroad and boosting RuPay credit cards with offers/partnerships.
  • Global Recognition – India’s digital payments model praised by IMF and World Bank for scale, efficiency, inclusiveness.
  • Leaders like Emmanuel Macron (President of France) highlighted UPI’s unmatched scale (over 20 billion monthly transactions).
  • Crossborder Expansion – UPI has expanded beyond India and is now linked with payment systems in
    • UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar.
  • Significance – This growing international footprint is facilitating cross-border transactions, supporting remittance flows, and contributing to financial inclusion, while strengthening India’s role in the global fintech landscape.

What are the concerns?

  • Subsidies Declining – The central government subsidies for UPI have been declining since FY 24, even as transaction volumes keep rising.
  • Fraud & Security Risks – Digital payment frauds are increasing & emerging tech like AI and quantum computing are likely to threaten security and strengthen defenses.
  • Lack of monetisation – The payment companies have been requesting the government to implement the Merchant Discount Rate (MDR) on high value  transactions or large merchants, who have an annual turnover of more than Rs 40 lakh.
    • Merchant Discount Rate (MDR) – The fee businesses pay for digital transactions (like credit cards, debit cards, or UPI), it usually 1–3% of the transaction amount, covering bank and network processing costs.
  • Credit Line on UPI (CLOU) offers some revenue, but scale is still too small.
  • Infrastructure Strain – UPI processes 22 billion transactions/month or over 750 million transactions/day.
  • It requires huge investment in data centers and robust tech stacks to handle peak loads.
  • Ecosystem partners worry about long-term viability without stronger revenue streams.
  • Twoplayer dominance – PhonePe has around 45% market share followed by Google Pay at around 33% (together accounts for approximately 78%) & Paytm is 6%, much smaller share.
  • The consumer market has sparked fears of systemic risks if any breach or outages happen at either of these companies.
  • Several members of the Parliament has expressed fears of both these companies being owned by US-owned multinational firms, possible relief if PhonePe lists in India.

What are the future opportunities?

  • Next phase of growth – The next focus is not just transaction value/volume, but bringing more people into the system.
  • Credit Expansion – Enabled formal lending for underserved populations with a target of  500 million credit customers.
  • Micro-credit – Provide micro-credit to the millions of underserved people in the country, who do not have access to formal credit at reasonable interest rates.
  • Credit Line on UPI – It expected to become large and successful if more banks and non-banking financial companies could participate in the ecosystem.

References

  1. Money Control | UPI at 10: Next phase of growth
  2. Investopedia | UPI

 

 

 

 

 

 

 

 

G.S III - Economy

Green Factory Standards for India


Mains: GS III – Environment| Economy

Why in News?

Recently there has been a demand to create green factory standards for India to make the manufacturing process more climate friendly.

What is the issue?

  • Changing Global Sustainability Landscape The global manufacturing ecosystem is undergoing a transformation driven by climate commitments, ESG (Environmental, Social, and Governance) norms, and carbon accountability.
  • Today, supply chains are evaluated not just on cost and efficiency but also on their environmental footprint.
  • Investors increasingly favor companies with credible sustainability disclosures, and global indices reward standardized certifications.
  • Case in developed nations – In developed economies, green manufacturing achievements are often backed by widely recognized certifications, enabling industries to attract capital and enhance market credibility.
  • In contrast, Indian manufacturing units, despite achieving comparable or even superior sustainability outcomes, often fail to receive similar recognition due to fragmented certification systems.
  • This disparity highlights the importance of institutional frameworks in shaping global perception.
  • India’s Industrial Growth and Climate DilemmaIndia contributes approximately 7–8% of global greenhouse gas emissions while aiming to expand its manufacturing sector significantly over the next decade.
  • With industrial output projected to grow rapidly, the country must decouple economic growth from environmental degradation.
  • Dual obligation – This creates a structural dual mandate:
    • Accelerate industrialization to sustain economic growth and employment.
    • Reduce emissions intensity in line with global climate commitments.
  • Achieving this balance requires a structured and context-sensitive framework tailored to India’s unique conditions.
  • Challenges – Factors such as varying state-level energy tariffs, high levels of water stress across more than half of the country’s land area.
  • The dominance of MSMEs (Micro, Small, and Medium Enterprises) make it impractical to replicate Western green manufacturing models.

What are the Existing Green Certification Ecosystem in India?

  • Available  certifications – Several robust certification systems already exist, including:
    • Green building ratings
    • Energy efficiency programs
    • Industrial sustainability assessments
  • These frameworks are scientifically sound and adapted to local conditions.
  • Other initiatives – Measures such as rooftop solar adoption, waste heat recovery, and recycling practices are gaining momentum across manufacturing clusters.
  • Issues with the existing measures – However, the issue lies in fragmentation.
  • Multiple certifications operate independently without converging into a unified national standard.
  • This leads to:
    • Lack of a single recognizable benchmark
    • Reduced global legibility
    • Difficulty in communicating sustainability achievements to international stakeholders
  • The Certification ParadoxIndia faces a paradox where sustainability practices are advancing faster than their institutional recognition.
  • Thousands of manufacturing units, especially among MSMEs, are adopting green practices such as renewable energy usage, water conservation, and waste management.
  • Yet, these efforts often remain undervalued in global markets.
  • The consequences:
    • Limited access to ESG-linked financing
    • Reduced export competitiveness
    • Inadequate integration into global green supply chains
  • International investors and rating agencies often rely on familiar global standards, leading to under-recognition of India-specific certifications.
  • This creates an uneven playing field despite genuine progress on the ground.

Why India Needs Its Own Green Factory Framework

  • Contextual RelevanceIndia’s environmental and economic conditions differ significantly from developed nations. A domestic framework can account for:
    • Water scarcity challenges
    • Energy cost variability
    • MSME constraints
    • Regional climatic diversity
  • Enhanced Global CompetitivenessA unified certification can act as a credible signal to global investors and supply chains, improving India’s position as a sustainable manufacturing hub.
  • MSME InclusionWith MSMEs contributing over 30% of GDP and employing millions, any sustainability framework must be scalable and accessible.
  • A tailored system can ensure inclusivity rather than exclusion.
  • Capital AttractionClear and standardized sustainability metrics can help industries attract ESG-focused investments, which are increasingly shaping global capital flows.
  • Policy AlignmentSuch a framework can integrate seamlessly with national initiatives like production-linked incentives (PLI) and sustainability disclosure requirements, ensuring coherence across policies.

What are the Key Components of an Indian Green Factory Standard?

  • Energy Efficiency and Renewable AdoptionMeasurement of energy consumption intensity.
  • Integration of renewable sources such as rooftop solar.
  • Incentives for energy optimization technologies.
  • Water StewardshipEfficient water usage practices.
  • Recycling and reuse systems.
  • Adaptation strategies for water-stressed regions.
  • Waste and Circular Economy PracticesWaste reduction and recycling
  • Industrial symbiosis.
  • Resource recovery mechanisms.
  • Carbon Footprint ReductionEmissions tracking and reporting.
  • Transition pathways toward net-zero goals.
  • Digital and Technological IntegrationUse of smart monitoring systems.
  • Data-driven sustainability reporting.
  • Financial and Market LinkagesAlignment with ESG reporting standards.
  • Facilitation of green financing opportunities.
  • MSME ScalabilitySimplified compliance mechanisms.
  • Tiered certification levels to encourage gradual adoption.
  • Linking Sustainability with Strategic GrowthSustainability is no longer a peripheral concern, it is central to industrial strategy.
  • A well-defined green factory framework can:
    • Strengthen India’s export competitiveness by aligning with global environmental standards.
    • Reduce long-term energy and operational risks.
    • Enhance resilience against climate-induced disruptions.
    • Improve brand value and global reputation.
  • Moreover, integrating sustainability into industrial identity can position India as a preferred destination for low-carbon manufacturing, especially as global supply chains diversify.

What should be done?

  • Policy Convergence – Collaboration between ministries, industry bodies, and regulatory agencies to create a unified framework.
  • Global Alignment with Local Adaptation – Ensuring compatibility with international standards while retaining Indian specificity.
  • Incentivization Mechanisms – Financial and regulatory incentives to encourage adoption, particularly among MSMEs.
  • Capacity Building – Training and awareness programs to facilitate implementation at scale.
  • Robust Monitoring and Verification: Ensuring transparency and credibility in certification processes.

What lies ahead?

  • India’s journey toward becoming a global manufacturing powerhouse cannot be divorced from sustainability imperatives.
  • While industries are increasingly adopting green practices, the absence of a unified and globally recognized certification system undermines their potential impact.
  • Defining an Indian green factory standard is not merely an environmental necessity but an economic imperative.
  • It will enable the country to communicate its sustainability achievements effectively, attract global capital, and integrate seamlessly into future-ready supply chains.
  • An Indian green factory does not need to mirror Western models to be considered sustainable.
  • Instead, it must reflect the country’s unique realities, aspirations, and strengths.
  • By defining green manufacturing on its own terms, India can lay the foundation for resilient, inclusive, and globally competitive industrial growth.

Reference

The Hindu| Green Factory Standards of India.

 

G.S III - Environment & Biodiversity

Green Factory Standards for India


Mains: GS III – Environment| Economy

Why in News?

Recently there has been a demand to create green factory standards for India to make the manufacturing process more climate friendly.

What is the issue?

  • Changing Global Sustainability Landscape The global manufacturing ecosystem is undergoing a transformation driven by climate commitments, ESG (Environmental, Social, and Governance) norms, and carbon accountability.
  • Today, supply chains are evaluated not just on cost and efficiency but also on their environmental footprint.
  • Investors increasingly favor companies with credible sustainability disclosures, and global indices reward standardized certifications.
  • Case in developed nations – In developed economies, green manufacturing achievements are often backed by widely recognized certifications, enabling industries to attract capital and enhance market credibility.
  • In contrast, Indian manufacturing units, despite achieving comparable or even superior sustainability outcomes, often fail to receive similar recognition due to fragmented certification systems.
  • This disparity highlights the importance of institutional frameworks in shaping global perception.
  • India’s Industrial Growth and Climate DilemmaIndia contributes approximately 7–8% of global greenhouse gas emissions while aiming to expand its manufacturing sector significantly over the next decade.
  • With industrial output projected to grow rapidly, the country must decouple economic growth from environmental degradation.
  • Dual obligation – This creates a structural dual mandate:
    • Accelerate industrialization to sustain economic growth and employment.
    • Reduce emissions intensity in line with global climate commitments.
  • Achieving this balance requires a structured and context-sensitive framework tailored to India’s unique conditions.
  • Challenges – Factors such as varying state-level energy tariffs, high levels of water stress across more than half of the country’s land area.
  • The dominance of MSMEs (Micro, Small, and Medium Enterprises) make it impractical to replicate Western green manufacturing models.

What are the Existing Green Certification Ecosystem in India?

  • Available  certifications – Several robust certification systems already exist, including:
    • Green building ratings
    • Energy efficiency programs
    • Industrial sustainability assessments
  • These frameworks are scientifically sound and adapted to local conditions.
  • Other initiatives – Measures such as rooftop solar adoption, waste heat recovery, and recycling practices are gaining momentum across manufacturing clusters.
  • Issues with the existing measures – However, the issue lies in fragmentation.
  • Multiple certifications operate independently without converging into a unified national standard.
  • This leads to:
    • Lack of a single recognizable benchmark
    • Reduced global legibility
    • Difficulty in communicating sustainability achievements to international stakeholders
  • The Certification ParadoxIndia faces a paradox where sustainability practices are advancing faster than their institutional recognition.
  • Thousands of manufacturing units, especially among MSMEs, are adopting green practices such as renewable energy usage, water conservation, and waste management.
  • Yet, these efforts often remain undervalued in global markets.
  • The consequences:
    • Limited access to ESG-linked financing
    • Reduced export competitiveness
    • Inadequate integration into global green supply chains
  • International investors and rating agencies often rely on familiar global standards, leading to under-recognition of India-specific certifications.
  • This creates an uneven playing field despite genuine progress on the ground.

Why India Needs Its Own Green Factory Framework

  • Contextual RelevanceIndia’s environmental and economic conditions differ significantly from developed nations. A domestic framework can account for:
    • Water scarcity challenges
    • Energy cost variability
    • MSME constraints
    • Regional climatic diversity
  • Enhanced Global CompetitivenessA unified certification can act as a credible signal to global investors and supply chains, improving India’s position as a sustainable manufacturing hub.
  • MSME InclusionWith MSMEs contributing over 30% of GDP and employing millions, any sustainability framework must be scalable and accessible.
  • A tailored system can ensure inclusivity rather than exclusion.
  • Capital AttractionClear and standardized sustainability metrics can help industries attract ESG-focused investments, which are increasingly shaping global capital flows.
  • Policy AlignmentSuch a framework can integrate seamlessly with national initiatives like production-linked incentives (PLI) and sustainability disclosure requirements, ensuring coherence across policies.

What are the Key Components of an Indian Green Factory Standard?

  • Energy Efficiency and Renewable AdoptionMeasurement of energy consumption intensity.
  • Integration of renewable sources such as rooftop solar.
  • Incentives for energy optimization technologies.
  • Water StewardshipEfficient water usage practices.
  • Recycling and reuse systems.
  • Adaptation strategies for water-stressed regions.
  • Waste and Circular Economy PracticesWaste reduction and recycling
  • Industrial symbiosis.
  • Resource recovery mechanisms.
  • Carbon Footprint ReductionEmissions tracking and reporting.
  • Transition pathways toward net-zero goals.
  • Digital and Technological IntegrationUse of smart monitoring systems.
  • Data-driven sustainability reporting.
  • Financial and Market LinkagesAlignment with ESG reporting standards.
  • Facilitation of green financing opportunities.
  • MSME ScalabilitySimplified compliance mechanisms.
  • Tiered certification levels to encourage gradual adoption.
  • Linking Sustainability with Strategic GrowthSustainability is no longer a peripheral concern, it is central to industrial strategy.
  • A well-defined green factory framework can:
    • Strengthen India’s export competitiveness by aligning with global environmental standards.
    • Reduce long-term energy and operational risks.
    • Enhance resilience against climate-induced disruptions.
    • Improve brand value and global reputation.
  • Moreover, integrating sustainability into industrial identity can position India as a preferred destination for low-carbon manufacturing, especially as global supply chains diversify.

What should be done?

  • Policy Convergence – Collaboration between ministries, industry bodies, and regulatory agencies to create a unified framework.
  • Global Alignment with Local Adaptation – Ensuring compatibility with international standards while retaining Indian specificity.
  • Incentivization Mechanisms – Financial and regulatory incentives to encourage adoption, particularly among MSMEs.
  • Capacity Building – Training and awareness programs to facilitate implementation at scale.
  • Robust Monitoring and Verification: Ensuring transparency and credibility in certification processes.

What lies ahead?

  • India’s journey toward becoming a global manufacturing powerhouse cannot be divorced from sustainability imperatives.
  • While industries are increasingly adopting green practices, the absence of a unified and globally recognized certification system undermines their potential impact.
  • Defining an Indian green factory standard is not merely an environmental necessity but an economic imperative.
  • It will enable the country to communicate its sustainability achievements effectively, attract global capital, and integrate seamlessly into future-ready supply chains.
  • An Indian green factory does not need to mirror Western models to be considered sustainable.
  • Instead, it must reflect the country’s unique realities, aspirations, and strengths.
  • By defining green manufacturing on its own terms, India can lay the foundation for resilient, inclusive, and globally competitive industrial growth.

Reference

The Hindu| Green Factory Standards of India.

 

Prelim Bits

Gaganyaan Mission – Second Integrated Air Drop Test (IADT-02)


Prelims: Current events of national and international importance | Science and Technology

Why in News?

Recently, ISRO successfully conducted the second Integrated Air Drop Test (IADT-02) for India’s first human spaceflight mission.

  • Mission Name – Gaganyaan
  • Aim – To demonstrate India’s capability to send humans to space and bring them back safely.
  • Crew – 3 Vyomnauts (space sailors) to Low Earth Orbit (LEO) at 400 km altitude.
  • Mission Duration – 3 days.
  • Return – Safe splashdown in the Indian Ocean.
  • Launch Vehicle – Human-rated GSLV Mk III (HLV), renamed LVM3.
  • Launch Site – Satish Dhawan Space Centre, Sriharikota.
  • Planned Timeline – Early 2027.
  • India will join the US, Russia, and China as nations with human spaceflight capability.
  • Orbital Module (OM) – It is the spacecraft that will orbit Earth in the Gaganyaan mission.
  • It has 2 main parts.
    •  Crew Module (CM) – Astronauts’ living capsule, survives re-entry.
    • Habitable space with Earth-like environment, double-walled with Thermal Protection System (TPS), houses crew interfaces, life support, avionics, and deceleration systems.
    • Service Module (SM) – Provides propulsion, power, thermal management, and avionics support.
  • Test Procedure – Lifted by an Indian Air Force Chinook helicopter to 3 km altitude and released over a designated drop zone in the sea near Sriharikota coast.
  • Parachute Deployment – 10 parachutes of 4 types deployed in sequence to reduce velocity for safe touchdown.
  • Recovery – Coordinated successfully with the Indian Navy.

Key Technical Tests

Pad Abort Test (PAT), 2018

Validated Crew Escape System.

Test Vehicle Abort Missions (TV-D series), 2023–25

Demonstrated escape system under varied flight conditions.

IADT-01, Aug 2025

Validated parachute deployment sequence.

IADT-02, Apr 2026

Full parachute-based deceleration test with 5.7 tonne simulated Crew Module dropped from 3 km altitude

Human Space Flight Centre (HSFC)

  • HSFC – It is the lead division of the ISRO responsible for implementing the Indian Human Spaceflight Programme, specifically the Gaganyaan mission.
  • Mission led – Primary hub managing the Gaganyaan project for crewed orbital flight.
  • Crew Management – Handles astronaut selection, health monitoring, and training in Bengaluru.
  • Life Support – Develops ECLSS technology to provide air, water, and pressure in space.
  • Safety Testing – Manages the Vyommitra humanoid robot to test systems before human flight.
  • Future Vision – Leads planning for the Indian Space Station and crewed lunar missions.
  • Agencies Involved
    • ISRO – Mission lead.
    • Indian Air Force – Helicopter support.
    • Indian Navy – Recovery operations.
    • DRDO – Technical support.

References

  1. ISRO | Gaganyaan
  2. The Hindu | Gaganyaan

Prelim Bits

Emperor Penguin


Prelims: Current events of national and international importance | Conservation

Why in News?

The International Union for Conservation of Nature (IUCN) has listed the Emperor Penguin as an Endangered Species.

  • Common Name – Emperor Penguin
  • Scientific Name – Aptenodytes forsteri
  • Genus – Aptenodytes
  • Kingdom – Animalia
  • Family – Spheniscidae
  • Habitat – Native to Antarctica.
  • They are dependent on sea ice platforms for breeding, moulting, and chick rearing.
  • Distribution – Closely tied to the extent and stability of Antarctic Sea ice.
  • Morphology – Largest and heaviest of all penguin species.
    • Height – up to 120 cm.
    • Weight – 20–40 kg.
    • Distinctive golden-orange streak on neck and chest.

Emperor Penguin

  • Diet – Primarily fish, squid, and krill.
  • Sentinel Species – Emperor penguins are considered sentinel species, their decline signals broader ecological impacts of climate change on Antarctic ecosystems.
  • Their survival is directly linked to greenhouse gas emissions and global warming trends.
  • Conservation Status
    • IUCN Red List – Endangered
    • CITES – Appendix I (trade strictly regulated).
  • Threats
    • Climate change – Shrinking and unstable sea ice.
    • Early break-up of breeding platforms.
    • Decline in food availability (krill moving deeper).

Quick Facts

  • Antarctic Fur Seal – Also moved to Endangered due to food scarcity (krill decline).
  • Southern Elephant Seal – Status changed from Least Concern to Vulnerable (pathogen-related decline).

Reference

The Hindu | Emperor Penguins

Prelim Bits

Plurilateralism in Global Trade


Why in News?

The 14th Ministerial Conference (MC14) of the WTO, held in March 2026, highlighted a deep divide between multilateralism (consensus-based) and plurilateralism (coalition-based).

Cause - The shift is driven by the paralysis of the WTO's Appellate Body and the failure to resolve long-standing issues like agricultural subsidies.

Multilateralism: Agreements involving all members of an international organization (e.g., all 166 WTO members). Decisions require consensus, and the outcomes are binding on everyone.

Plurilateralism: Agreements negotiated by a subset of members (a "coalition of the willing"). These are legally binding only on the signatories.

Joint Statement Initiatives (JSIs): The modern vehicle for plurilateralism within the WTO, used to bypass the "consensus deadlock" on new-age issues like digital trade.

Plurilateral vs. Multilateral

Feature

Plurilateralism

Multilateralism

Membership

Voluntary; subset of members.

Universal; all members.

Legal Status

Only binding on signatories.

Binding on all members.

Speed

Faster (avoids "vetoes").

Slower (veto-prone).

India's View

Seen as a threat to "consensus."

Preferred for global inclusivity.

Examples

ITA, IFD, JSI on E-commerce.

GATT, Agreement on Agriculture.

 

Topic of Discussion at MC14 (2026):

Investment Facilitation for Development (IFD) Agreement

  • What it is: A China-led plurilateral initiative backed by over 125 members to streamline bureaucratic hurdles for FDI.
  • India’s Stance: Rejected its incorporation into the WTO framework at MC14.

The Investment Facilitation for Development (IFD) Agreement

It is a WTO plurilateral pact aimed at boosting global FDI by streamlining administrative procedures, enhancing regulatory transparency, and improving efficiency for sustainable investment

  • Why India Rejected:  India argues investment is a "non-trade issue" and outside the WTO's mandate. It fears the "plurilateral route" creates a two-tier WTO that sidelines the Global South.

The E-Commerce Moratorium: Definition: A 1998 agreement to not impose customs duties on electronic transmissions (software, music, data).

  • Current Status: The moratorium expired on March 31, 2026, after years of pressure from India and South Africa.
  • Impact: Countries have now the legal right to tax digital downloads and streaming services, though many are wary of retaliatory tariffs.

India's Strategic "Red Lines"

  • Public Stockholding (PSH): India refuses to move on new plurilateral issues until a permanent solution is found for food security subsidies (to protect the MSP regime).
  • Dispute Settlement Reform: India demands the restoration of the Appellate Body, which has been defunct due to US blocking appointments since 2017.
  • Sovereign Policy Space: India opposes rules that might restrict its ability to regulate data (Data Localization) or provide domestic subsidies.

Key Principles of the WTO

  • Non-Discrimination: * Most Favored Nation (MFN): Treat all partners equally.
    • National Treatment: Treat foreign goods like local ones.
  • Transparency: Rules must be public and predictable.
  • Reciprocity: Mutual lowering of trade barriers.
  • Special & Differential Treatment (S&DT): Extra time/flexibility for developing nations.

Prelim Bits

Sulphur


Prelims: Current events of national and international importance | Science and Technology

Why in News?

The West Asia conflict has disrupted Indian supply chains, especially for critical raw materials like sulphur.

  • Matter – Sulphur
  • Symbol – S
  • Atomic number – 16
  • Atomic mass32.07 u
  • Common Isotope Sulfur-32 and Sulfur-34
  • Type – Non-metallic chemical element.
  • Occurrence – Found as native sulphur, sulphates, and sulphides.
  • Source – Most elemental sulphur is recovered as a co-product from oil and gas production.
  • Property – Yellow crystalline solid in native form; combines with most elements except noble gases.
  • Domestic production – Top Producers – Odisha, Kerala, and Haryana.
  • Mainly from petroleum refineries as by-product recovery.
  • Global production – Dominated by China, the U.S., Russia, and the Middle East.

Sulphur 1

 

Uses of Sulphur

Sulphuric Acid Production

Fertiliser Role

Industrial Applications

  • King of acid.
  • Most important industrial use; indicator of industrial development.
  • Applications – Ore processing, fertiliser manufacturing, oil refining, wastewater treatment, chemical synthesis.

 

  • Essential for phosphatic fertilisers.
  • Improves protein & oil in seeds, cereal quality, copra marketability, tobacco leaf quality, nutritive value of forage crops.

 

  • Rubber vulcanisation (durability, elasticity).
  • Detergents, fungicides, dyestuffs.
  • Paper bleaching, food preservation (sulphites).
  • Photography fixing agents (sodium/ammonium thiosulphate).
  • Sulphur lamps – efficient full-spectrum lighting.
  • Eco-efficient concrete binder – alternative to Portland cement

 

 

Sulphur 2

Quick Facts

  • Sulphur is 16th most abundant element in Earth’s crust.
  • Recognised as the 4th essential crop nutrient (N, P, K, S).
  • The presence of sulphur on the Moon's South Pole (Chandrayaan-3) discovery.
  • Largest source of Sulphur emissions fossil-fuel-based power plants.
  • Flue Gas Desulfurization (FGD) – A process in thermal power plants that removes sulphur dioxide from exhaust gases using an alkaline sorbent such as limestone.
  • Hydrodesulphurisation (HDS) – A catalytic process used in petroleum refining to remove sulphur from fuels by reacting them with hydrogen.

 

Reference

Indian Express | Sulphur

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  IAS Parliament Current Affairs April 2025


Keeping up with UPSC Current Affairs through IAS Parliament

Preparing for the Union Public Service Commission (UPSC) examination is an exceptionally demanding process, requiring not only a solid grasp of core subjects but also a thorough and up-to-date understanding of current affairs. Given the vastness of the UPSC syllabus, current events play a critical role in shaping the examination questions. Success in the UPSC requires aspirants to stay continuously informed about the latest national and international developments.

The IAS Parliament platform is a highly reliable and comprehensive resource specifically designed to meet this need. It provides crucial news and insights across a spectrum of relevant topics, including:

  • Government Policies & Schemes, Bills, and Acts
  • Current Events of National & International Importance
  • Indian Politics and Indian Economy
  • History of India and the Indian National Movement
  • General Science & Environment

The platform also covers vital sectors such as agriculture, education, and health. By providing regular updates on governmental functions and departmental activities, IAS Parliament serves as an ideal and centralized source for current affairs preparation.

In-Depth Daily Content and Analysis

To ensure aspirants are comprehensively prepared, IAS Parliament offers a structured and rich daily content schedule:

  • Daily News Digest: A summary of the day's most critical news, perfect for aspirants with limited time.
  • Prelims and Mains Focused Articles: Five Prelims-focused articles and two Mains-focused articles are posted every day, providing tailored content for both stages of the exam.
  • Fact-Oriented Content: The platform also posts ten "one-liners" daily, which are predominantly fact-oriented, aiding in the quick recall of essential data points.
  • Expert Analysis: A dedicated team provides insightful articles and expert opinions on various issues. This in-depth analysis is invaluable for developing a deeper understanding of topics and for formulating well-reasoned arguments, which is particularly beneficial for the Essay Paper.

Assessment and Skill Enhancement

Beyond informative articles, the IAS Parliament integrates essential tools for self-assessment and progress tracking:

  • UPSC Quiz Section: Aspirants can consistently test their knowledge with quizzes based on the latest news.
  • Daily Practice Questions: The platform posts five Prelims quizzes and two Mains questions every day, enabling aspirants to continuously assess their preparation level and track progress over time.

To maintaining a rigorous focus on current affairs is fundamental to UPSC preparation. The IAS Parliament stands out as a one-stop-shop that provides reliable, comprehensive, and regularly updated coverage of current affairs. Its user-friendly interface and diverse range of resources—from daily digests and focused articles to quizzes and analytical content—make it an indispensable tool for every serious UPSC aspirant aiming for success.

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