DAILY CURRENT AFFAIRS (MAY 25,2022)

THE ART AND CULTURE

1. WHAT IS THE CONTROVERSY AROUND ODISHA’S JAGANNATH TEMPLE HERITAGE CORRIDOR PROJECT?

THE CONTEXT: The Archaeological Survey of India told the Orissa High Court this month that no permission was granted to the State government for construction around temple.

THE EXPLANATION:

  • The Archaeological Survey of India (ASI) said on May 17, that a sculpture of a lion, which possibly dates back to the Ganga dynasty, was found during excavation for the controversial heritage corridor project around the 12th century Jagannath Temple in Puri, Odisha.
  • This is the third such lion sculpture found during the excavation work. The East Ganga dynasty had ruled Kalinga, as Odisha was called in ancient times, from the early fifth century to the early 15th century.
  • On May 9, the ASI noted in a report submitted to the Orissa High Court that there was every possibility of archaeological remains at the heritage site being destroyed due to the excavation work for the corridor.

What is the Puri Heritage Corridor Project?

  • The Puri Heritage Corridor Project is a ₹3,200-crore redevelopment project of the Odisha government in Puri to create an international heritage site, including the 800-year-old Jagannath temple. Under the umbrella project falls the Shree Jagannatha Heritage Corridor (SJHC) or the Shree Mandira Parikrama Project, for the revamp of the area around the temple.
  • Plans for the corridor had been in the making since 2016, with the State Assembly unanimously passing a resolution for the effective implementation of the Project’s plan in February last year. Soon after, the plan was approved by the Shree Jagannatha Temple Administration (SJTA). The Odisha government has listed three objectives for the revamp of the area around the temple- the security of the temple, the safety of devotees, and the creation of a religious atmosphere for devotees.
  • The government allotted initial funds of ₹800 crore for the first phase of the Project from its Augmentation of Basic Amenities and Development of Heritage and Architecture at Puri (ABADHA) scheme introduced in 2019.
  • Under the scheme, 22 development projects are planned, including the temple corridor, redevelopment of the SJTA building, the creation of a reception centre with a capacity of 6,000 for devotees visiting the temple, a cultural centre including a library, the Bada Danda (grand road outside the temple) Heritage Street scape Project, a plan to improve temple amenities such as building cloakrooms and toilets, a control and command centre, multilevel parking, the revival of the Musa River, and the Puri Lake Project. While the project has been taken up by the Odisha Bridge and Construction Corporation (OBCC) under the State’s Works Department, Tata Projects is the implementing authority.
  • n February this year, when the OBBC started excavation work within 75 metres of the Jagannath temple to build public amenities such as toilets and cloakrooms, experts and members of civil society objected to the use of heavy machinery for digging, citing the possibility of an adverse impact on the 12th Century temple. Questions started being raised about whether the construction around the temple had the due permissions and clearances.
  • The Jagannath temple has been designated a monument of national importance by the Archaeological Survey and is a centrally protected monument. As per the Ancient Monuments and Archaeological Sites and Remains (Amendment and Validation) Act (AMSAR), construction is prohibited within a 100-metre periphery of a protected area.
  • The area extending to 200 metres around the monument in all directions is called a regulated area. As per the provisions of the AMSAR Act, the National Monuments Authority (NMA), set up in 2011 under the Ministry of Culture, is charged with protecting and preserving ASI-protected sites by managing the prohibited and regulated area in the periphery of such a site. If construction has to be undertaken in the regulated or prohibited area, permission from the NMA is required.
  • Notably, the term “construction” as defined in the AMSAR Act does not include the construction of public toilets, urinals, and “similar conveniences”. It also does not include works for the supply of water, electricity or “provision of similar facilities for publicity”.
  • Besides, ​​an impact assessment is also required to be done by the NMA before development around a monument if the built-up area of the monument is beyond 5,000 square metres. The built-up area of the Jagannath temple stands at 43,301.36 sq metres.

THE SOCIAL ISSUES

2. GLASS CLIFF

THE CONTEXT: A phenomenon that explains how women are promoted to leadership positions during times when an organisation is under performing, ensuring their failure.

THE EXPLANATION:

  • The term ‘Glass Cliff’ was coined by researchers from the University of Exeter, United Kingdom after studying the disparity between the promotion of men and women in corporate organisations.
  • They looked at the 100 companies included in the Financial Times Stock Exchange (FTSE) Index and found that women were more likely to be promoted to higher positions when the company was performing poorly or going through a crisis. By doing this, women were set up for failure which was likened to standing at the edge of a cliff.
  • On November 11, 2003, an article titled, ‘Women on board: help or hindrance?’ was published in The [London] Times, where author Elizabeth Judge claimed that despite all the discourse on breaking the glass ceiling, women’s participation as members in London’s boardrooms worsened the companies, especially its share price performance. She came to the conclusion that appointing more women to company boards was detrimental to an organisation’s performance.
  • It was this article that prompted Michelle Ryan and Alexander Haslam from the University of Exeter to study the phenomenon in 2005. Taking the sample of 19 companies in the London FTSE 100 that appointed male and female board members in 2003 and looking at their performance five months before and three months after board appointments, it was found that there was greater variability in company performance preceding and following the appointment of a woman.
  • It was also found that women were appointed as board members mostly during an overall market slump or when the company was experiencing turbulence or when there was a decline in performance. Men, on the other hand, were appointed when the company was relatively stable, making sure that their success rates as board members or in higher positions were better.
  • Thus, counter to Judge’s claims, the appointment of women was not related to the decline in company performance. The study further showed that, even during times of crisis, womens appointment to leadership positions despite its precariousness and risk, proved positive for the company, because in many cases its performance improved.
  • The glass cliff is a phenomenon that reinforces stereotypes about women not being ideal in leadership positions. Although glass cliff mainly refers to the obstacles faced by women, the term also applies to the challenges faced by minorities and other marginalised groups when promoted to leadership roles. The phenomenon occurs in many different fields, including finance, politics, technology, and academia. When a company is performing poorly, it is associated with bad press, financial difficulties, and the need to restructure.
  • During such periods, the company protects its male employees and promotes female employees to leadership positions. By promoting women, the company seems progressive but also sets them up for failure. Further, when the company fails to succeed, women can be replaced with their male counterparts, with the company also having a scapegoat to blame for their failures.
  • Despite circumstances and studies that show that precarious positions do not necessarily appeal to women compared to men, women are more likely to take up these leadership roles because they rarely get other opportunities for advancement. Men, on the other hand, tend to turn down risky roles, as they are sure to get better opportunities for leadership positions elsewhere or when the companies return to stability.
  • One of the notable examples of the phenomenon was when Marissa Mayer was appointed as the CEO of Yahoo! in 2012 after the company lost significant market share to Google. Despite the condition of the company in which she took over when she resigned in 2017 after failing to improve the company’s performance, critics attributed the failure of the company to her performance and effort, rather than to the environment in which she was promoted. She was later replaced by Thomas McInerny, a white male.
  • There are many possible explanations as to why this effect prevails. One of the theories explains that when situations of stress or crises occur, women are preferred over men. This ‘think crisis think female’ theory perceives women to possess the qualities that help them deal with stressful situations better than men. Since stressful situations involve emotional management, women who are assumed to be better managers of people’s feelings and problems, are expected to make better leaders during such periods.
  • Contrasting this, the ‘think crisis think not men’ theory explains how women are perceived to be less valuable than men, making it easier for the companies to throw them under the bus.
  • A third theory explains how when a company is going through a crisis, bringing about a significant change in its structure can hold positive connotations. Thus, in order to signal a drastic change, especially to their relevant stakeholders, women or people from minority communities are promoted to positions of leadership as it deviates from the conventional idea of leadership.
  • While the ‘glass ceiling effect’ hinders women and people from minority communities from advancing in their careers after a certain level in various organisations, the ‘glass cliff effect’ ensures that even when promoted, the leadership positions given to these groups are during periods of crisis, so that the company can look progressive and yet replace and blame them for the underperformance of the organisation. Both processes thus, help maintain the status quo and prevent women and members of minority communities from reaching positions of leadership.

 THE INTERNATIONAL RELATIONS

3. ALL ABOUT THE QUAD, THE CURRENT SUMMIT, AND INITIATIVES

THE CONTEXT: The ongoing Russia-Ukraine crisis has triggered geopolitical shifts, driven up global inflation, and affected supply chains amid a slew of Western sanctions on Moscow. In March this year, Quad leaders discussed the situation in Ukraine in an unscheduled virtual meeting called by Mr. Biden.

THE EXPLANATION:

  • The Quad is an informal multilateral grouping of India, the U.S., Australia, and Japan aimed at cooperation for a free and open Indo-Pacific region. The region, composed of two oceans and spanning multiple continents is a hub of maritime trade and naval establishments. While not stated explicitly by the leaders, one of the major basis for the grouping is to check China’s growing influence in the region.
  • After the Indian Ocean Tsunami in 2004 wreaked havoc in the region now called the Indo-Pacific, India stepped up its rescue efforts not just in Tamil Nadu and the Andaman and Nicobar islands but also provided swift assistance to its maritime neighbours: Sri Lanka, the Maldives and Indonesia. Soon, the disaster relief effort was joined by three other naval powers — the U.S., Australia and Japan, with then U.S. President George W. Bush announcing that the four countries would set up an international coalition to coordinate the massive effort required.
  • While the charge of the rescue operations was handed over to the United Nations shortly after, and the immediate mission of the four countries had ended, it led to the birth of a new framework: the Quadrilateral or Quad.
  • Then Japanese Prime Minister Shinzo Abe, who had been promoting the idea of an “arc of prosperity and freedom” that brought the Quad countries closer together, developed the concept, and Prime Minister Manmohan Singh discussed it with him during a summit in December 2006. The grouping held a meeting in May 2007 but did not release an official statement.
  • The 2007 Indo-U.S Malabar naval exercises also saw the partial involvement of Japan, Australia and Singapore. The exercises and coordination were seen by China as an attempt to encircle it, which termed the grouping as trying to build “an Asian NATO”.
  • The Quad lost momentum post the 2007 meeting as the effort “dissipated amidst member leadership transitions, concerns about economic repercussions from China, and attention to other national interests,” according to the U.S Congressional Research Service.
  • The grouping was only revived an entire decade later in 2017, at a time when all four countries had revised their assessment of the China challenge; and India had witnessed the Doklam standoff. Leaders of all four countries met in the Philippines for the ‘India-Australia-Japan-U.S.’ dialogue, not referred to as a Quad dialogue to avoid the notion of a “gang-up”. Even to this point, a set of objectives, areas of cooperation, and even the definition of Indo-Pacific were not fixed among Quad members.
  • March 2021 was the first time, Mr. Biden, Mr. Modi, Australia’s outgoing Prime Minister Scott Morrison, and then Japanese PM Yoshihide Suga met virtually for an official Quad summit, releasing for the first time a set of objectives for the grouping in a joint statement called the ‘The Spirit of the Quad’.
  • According to a statement released by the Ministry of External Affairs about the agenda of the May 24 summit, “The Leaders will review the progress of Quad initiatives and Working Groups, identify new areas of cooperation and provide strategic guidance and vision for future collaboration”.
  • The Quad summit is expected to discuss the Russian war in Ukraine, and the impact of three months of Western sanctions. India is the only member of the Quad that has not joined sanctions against Russia, while also ramping up its intake of Russian oil, buying more oil in March and April, an estimated 40 million barrels more than it had in all of 2021.
  • President Joseph Biden would also be unveiling the ‘Indo-Pacific Economic Framework’ (IPEF) in Tokyo on May 23, which, according to Reuters is a programme to bind countries in the region more closely through common standards in areas including supply-chain resilience, clean energy, infrastructure and digital trade.
  • Modi would be attending the launch of the plan, seen as a significant step towards building economic ties amongst Quad countries, but India is likely to be cautious about its participation in IPEF as it could be seen as a counter to the 15-nation Regional Comprehensive Economic Partnership (RCEP) and the 17-nation Trans-Pacific Partnership (TPP) that China is a member of.
  • Besides, the Financial Times reported that Quad members would be launching a plan to curb illegal fishing in the Indo-Pacific region. Several countries have objected to Chinese fishing vessels often violating their exclusive economic zones resulting in economic losses, while also engaging in deep-sea trawling, which causes environmental damage.

4. CAUTION AND CLARITY: ON THE U.S.-LED INDO-PACIFIC ECONOMIC FRAMEWORK FOR PROSPERITY

THE CONTEXT: In a sudden decision not previously intimated, India became one of a 13-nation economic initiative led by the U.S., as President Joseph Biden unveiled plans for an Indo-Pacific Economic Framework for Prosperity (IPEF).

THE EXPLANATION:

  • The initiative is touted as a substantial step by the U.S. as part of its decade-old “pivot to Asia”, and an attempt at putting some “economic heft” into its Indo-Pacific presence that has been on the decline after its decision to quit the Transpacific Free Trade Agreement, the CPTPP, in 2017. Officials say the IPEF framework has four “pillars”: supply-chain resilience; clean energy, decarbonisation and infrastructure; taxation and anti-corruption; and fair and resilient trade.
  • Biden’s visit to Japan and South Korea, attendance at the Quad summit and helming the IPEF launch is also aimed at reassuring the Eastern hemisphere about the U.S.’s focus. India’s joining is an equally strong statement of commitment to Indo-Pacific goals, and to broadening regional economic cooperation, particularly after it walked out of the 15-nation RCEP. It is significant that all IPEF members, other than India and the U.S., are a part of the RCEP free trade agreement, and yet have chosen to be part of the U.S.-led initiative.
  • Despite the strong signalling from all sides, however, there are many aspects to the IPEF that bear further scrutiny. Monday’s launch only signals the willingness of the 13 countries to begin discussions on the contours. Much will depend, as Prime Minister Narendra Modi stressed, on how inclusive the process is. Second, U.S. officials have made it clear that it is not a free trade agreement; nor will it discuss tariff reductions or increasing market access, raising questions about its utility. Shorn of the rhetoric of Indo-Pacific cooperation, there must be more clarity on its framework.
  • The four pillars also lend themselves to some confusion, drawing into question whether there is enough common ground among the 13 countries that are part of very different economic arrangements, as well as outliers (the U.S. and India), to set standards together, or be open to issues that vary for each country. The U.S.’s statement that the IPEF is essentially focused on “American workers” also raises questions on whether increasingly protectionist global trends will chafe. Each of the IPEF countries has considerable trade interests in China, with most having large trade deficits. So, it remains to be seen how much they will be willing to sign on with the IPEF.
  • Already three ASEAN countries, Cambodia, Laos and Myanmar, have decided to stay out of the framework’s launch. Above all, given the fact that the U.S.’s previous initiatives (the Blue Dot Network and the Build Back Better Initiative) have made little headway in changing the region’s infrastructural needs, the IPEF faces a credibility challenge. Negotiators will need to move with both caution and clarity before making any big promises on its benefits for the region.

 THE ENVIRONMENT AND ECOLOGY

5. G20 CLIMATE GOALS JUST WON’T DO THE JOB

THE CONTEXT: None of the G20 countries have made climate commitments consistent with limiting global temperature rise to 1.5 degrees Celsius, as the Paris Agreement stipulates, data from a new report showed.

THE EXPLANATION:

  • Australia, Brazil, Indonesia and Mexico submitted Nationally Determined Contributions (NDC) weaker than or on a par with previous versions, the report titled Keeping 1.5C Alive by the United States and the United Kingdom-based groups E3G and ECIU, and WRI, noted.
  • The report assessed the climate goals of the G20 countries, which are responsible for around 75 percent of the world’s greenhouse gas (GHG) emissions. The countries are signatories to the Paris Agreement, a global treaty that aims to halt global warming.
  • Brazil’s revised NDC has actually worsened as they made changes to the baseline year, and the rate of deforestation in the country has accelerated, the report stated. Egypt, India and Turkey did not submit new NDCs.
  • China, Russia, and Saudi Arabia require much higher ambition in their NDCs, while the remaining countries have updated their NDCs but need to implement them to achieve their stated targets, according to the report. The UK came the closest to a 1.5C consistent target.
  • It was decided at the 26th Conference of Parties (CoP26) to the United Nations Framework Convention on Climate Change (UNFCC) that countries would “revisit and strengthen” their commitments in 2022. This means they have to establish more stringent goals to cut GHG emissions.
  • This should be done ideally before the next summit, CoP 27, to be held in Egypt in November 2022. But the “geopolitical context has changed considerably since CoP26, with Russia’s invasion of Ukraine in February 2022”, the report observed.
  • The evidence is all around. Combatting high energy and food prices, and securing energy security are now the focus, rather than decarbonisation and climate action. The European Union is attempting to wean itself off Russian natural gas, and US is desperate to fill the vacuum with exports of its liquefied natural gas (LNG).
  • The climate goals of US are “all but dead” with President Joe Biden’s climate-focused spending proposal stalled in Congress, held hostage by Joe Manchin, a politician with personal profits linked to coal.
  • Meanwhile, China, the world’s largest coal consumer, has doubled down on its production of the polluting fuel, in the face of energy shortages.
  • The new report calls India a “staller” since it is yet to submit its new NDC to the UNFCCC. In March 2022, India’s Environment Minister clarified that this will be done before CoP 27.
  • India announced new goals at CoP26 such as a 500 gigawatts non-fossil energy target and carbon emission reduction of one billion tonne. There is, however, a general agreement among civil society that all the announced targets may not make it into the final submission. These have been called the “boldest new commitments at CoP26” in the report.

THE ECONOMIC DEVELOPMENT

6. INDIA MUST STABILISE THE VALUE OF THE RUPEE

THE CONTEXT: In May second week, the forex reserve of India has reduced to $595 billion from $635 billion in September 2021. Existing reserves are about 18% of nominal GDP which is a comfort zone.  Despite this, the value of rupee against US dollar fell almost by 6%to 77.4 in May 2022 from `73 in September 2021.  Such steep fall reveals that the value of the rupee is vulnerable to the net outflow of forex.

THE EXPLANATION:

  • Historically, India has been in the trade deficit (goods & services) and therefore, the forex reserves are generally built from the “capital receipts” in shape of debt and equity.
  • Net “inward remittance” in the current account is about$60-65 billion which is consumed in the part financing of trade deficit and mostly, India had been in “current account deficit”.
  • The trade deficit is somewhat similar to “operating loss” and the current account deficit is similar to the”net loss” of a Nation in the international trade. This is not a good scenario for the stability of rupee. Ideally, India should be in “trade surplus” for a stable rupee. For appreciation of rupee value, India should have”current account surplus” on consistent basis.
  • Import of energy (Petroleum & Coal) must be partially replaced with domestic production. India is having enough reserves of coal and its production must be increased through mineral and coal sector reforms.  India has also good reserves of oil and gas, as quoted by ex-petroleum Minister Veerappa Moily and also by Vedanta’s Anil Agrawal. However, this needs huge spending in prospecting.
  • For replacing imports of electronics and defence items, Government has taken good steps; that may be pushed. Similar steps are also needed for other major imports. Government should bring a white paper for boosting exports and replacing imports with domestic production. Besides this, there is a vast scope of export of services in the field of tourism, consultancy (legal, accounting and engineering), shipping, education and health sector; that also needs a separate white paper.
  • The financial savings of India are not adequate for financing the investment needs and therefore, the dependency upon the inflow of global funds shall continue for few more years. As an interim measure, the physical savings in gold must be reduced to almost nil through financial innovation, as suggested by author in his Book ‘Turn Around India’. Huge import of gold is indeed a drag on the trade balance.
  • In 1992,the regime of the fixed exchange rate was ended. Thereafter, the value of rupee was almost stable from the year 2000 to 2010, as evident from the table below. It means that; it is feasible to maintain the stability of rupee. Simultaneously, the reasons for the subsequent fall in rupee value must be analysed and resolved. Total financial assets in the world are exceeding $200 trillion. Global investors are in search of such destinations which provide them a high return in terms of US dollars. In case, India succeeds in achieving stability of Rupee, the global funds shall rush in. In such a case, it is imperative that global funds are mostly used for the investment in productive assets and not for consumption.
  • Failing which, the inflation might aggravate and the servicing of global funds might pose problem. For boosting investment in productive assets, the regulatory easement and the simplification of Tax laws are the prerequisites.
  • The external risks, if any, arising due to outflow of forex and depreciation of rupee shall be totally eliminated. Rather, due to surplus forex reserves, the diplomatic relation of India shall improve, particularly with neighboring nations. And thus, India shall command high respect in the global fraternity. 

THE PRELIMS PRACTICE QUESTIONS

QUESTION FOR 25TH MAY 2022

Q1. Consider the following statements about Jagannath Puri temple:

  1. It is built by kings of Pala dynasty
  2. It is an example of Kalinga Architecture

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

ANSWER FOR THE 24th of MAY

Answer:D

Explanation:

  • Vitamin D is needed for a process known as calcium homeostasis which is the maintenance of constant concentration of calcium ions in the body. This is needed for, among other things, bone development and strength, and its deficiency is a cause of conditions such as rickets and osteoporosis.
  • Other diseases that are associated with vitamin D deficiency are cancer, Parkinson’s disease and dementia.