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DAILY NEWS ANALYSIS

GS-II :
  • 29 May, 2020

  • 2 Min Read

Export control regime

Export control regime

Australia Group

Recently the Australia Group admitted (2018) India as its 43rd participant. India’s entry would contribute to international security and non-proliferation objectives.

The Australia Group (AG) is an informal forum of countries which, seeks to ensure export controls over development of chemical or biological weapons. By this AG nations would fulfil their obligations under the Chemical Weapons Convention and the Biological and Toxin Weapons Convention to the fullest extent possible.

MTCR

It is a multilateral, consensus-based grouping of 35 member countries that are voluntarily committed to the non-proliferation of missiles capable of carrying chemical, biological and nuclear weapons of mass destruction (WMDs).

It controls the export of the technologies and materials involved in ballistic missile systems and unmanned aerial vehicles capable of carrying nuclear warheads. This is a non–treaty association which has a rule-based regulation mechanism to limit the transfer of such critical technologies of these missile systems.

India joined the Missile Technology Control Regime (MTCR) in 2016.

Wassenaar Arrangement (WA)

The Wassenaar Arrangement (WA) has been established in order to contribute to regional and international security and stability. It promotes transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilising accumulations.

The aim is also to prevent the acquisition of these items by terrorists. Participating States ensure that transfers of these items do not contribute to the development or enhancement of military capabilities. India became a member of WA in 2017.

NSG

Nuclear Suppliers Group (NSG) is a multinational body concerned with reducing nuclear proliferation by controlling the export and re-transfer of materials that may be applicable to nuclear weapon development. NSG was set up in 1974 as a reaction to India’s nuclear tests.

Source: TH


Competition Commission of India (CCI)

Competition Commission of India has selected Ansuman Pattnaik as the new head of its investigation’s unit recently. The Competition Commission of India (CCI) is a statutory body within the Ministry of Corporate Affairs. It was established in 2003, but became fully functional in 2009. The CCI aims to establish a

Connected Lending (CL)

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01 Feb,2024

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