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CURRENT AFFAIRS 03-07-2018

South Asia Wildlife Enforcement Network

 

Relevancy

  • G.S. Paper 3

Why in news?

  • The fourth meeting of SWAEN was held at Kolkata recently.

South Asia Wildlife Enforcement Network:

  • South Asia Wildlife Enforcement Network (SAWEN) is an inter-governmental wildlife law enforcement support body of South Asian countries namely:
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka
  • SAWEN was officially launched in January, 2011 in Paro Bhutan.
  • It promotes regional cooperation to combat wildlife crime in South Asia.
  • It focuses on:
    • Policy harmonization
    • Institutional capacity strengthening through knowledge and intelligence sharing
    • Collaboration with regional and international partners to enhance wildlife law enforcement in the member countries
  • SAWEN operates its activities from the Secretariat based in Kathmandu, Nepal.

SWAEN 2018:

  • The fourth meeting of SAWEN was held in Kolkata, West Bengal.
  • It was first meeting of SAWEN to be held in India since its inception in 2011.
  • Participating countries also adopted many resolutions to curb wildlife crime in the region.
  • They agreed on having operational framework for strengthening the regional body to combat wildlife crime.

Credit Suisse India Market Fund

Relevancy

  • G.S. Paper 2

Why in news?

  • Chinese state run bank has launched its first India dedicated fund.

Credit Suisse India Market Fund:

  • A state-run Chinese bank Industrial and Commercial Bank of China (ICBC), has launched the country’s first India-dedicated publicly offered investment fund.
  • The main reason is that the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth.
  • The fund is named the Industrial and Commercial Bank of China (ICBC) Credit Suisse India Market Fund.
  • It will invest in exchange-traded funds listed on more than 20 exchanges in Europe and the U.S. that are based on the Indian market.
  • It is China’s first publicly offered fund for investing in India.
  • The fund will invest in the future of the Indian economy and track the distribution of the industrial structure across the Indian market.
  • If estimated by purchasing power parity, India’s GDP is already close to seven per cent of the world.
  • The bank listed sectors for investments specifically, in terms of the major industries weighted distribution of the index.
  • The industries (in investment proportion order) are as follows:
    • Financial industry
    • Information technology
    • Alternative consumption
    • Energy
    • Essential consumption
    • Raw materials
    • Medicine
    • Healthcare
  • Recent research indicates that the Indian market is one of the best-performing markets in the world due to ongoing reforms, macroeconomic improvement and enhanced profitability.

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