**Weekly UPSC Current Affairs: October 28 - November 3**

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Post on Nov 10, 2024

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Weekly UPSC Current Affairs: October 28 - November 3

This week in current affairs, we saw a mix of developments in national and international affairs, with significant events impacting various sectors. Here’s a breakdown of the key events you need to know for your UPSC preparation:

National Affairs

1. India's First Indigenous Aircraft Carrier INS Vikrant Commissioned:

• On September 2, 2022, India commissioned its first indigenous aircraft carrier, INS Vikrant, marking a significant milestone in the country's naval capabilities.
• Significance: This development strengthens India's position in the Indian Ocean Region, enhancing its maritime security and projecting power.
• Key Points:
  • INS Vikrant is a 45,000-tonne aircraft carrier with a length of 262 meters.
  • It can carry up to 30 aircraft, including MiG-29K fighter jets, helicopters, and drones.
  • The ship is equipped with advanced radar systems, weapons, and sensors.

2. India and US Strengthen Defence Ties:

• US Secretary of Defense Lloyd Austin visited India during this week, marking a continued push for stronger bilateral defense ties.
• Key Outcomes:
  • Both countries discussed enhancing cooperation in the Indo-Pacific region, particularly in maritime security and counter-terrorism.
  • Emphasis was placed on strengthening the India-US 2+2 Ministerial Dialogue, a forum to address strategic issues.
  • The US announced $200 million in military aid for India, focusing on enhancing India’s ability to counter Chinese aggression in the region.

3. India and China Border Standoff:

• The ongoing border standoff between India and China in the Ladakh sector continues, with both sides maintaining a large military presence.
• Key Developments:
  • Diplomatic efforts to resolve the issue have stalled, with both countries maintaining their positions.
  • The standoff has impacted bilateral relations, with trade and cultural exchanges affected.
  • Recent military exercises by both sides have raised tensions, highlighting the ongoing strategic competition between the two countries.

4. India's First Nuclear-Powered Submarine INS Arihant Completes Ten Years of Service:

• INS Arihant, India's first indigenously built nuclear-powered submarine, celebrated its 10th anniversary of service.
• Significance: This milestone underlines India's growing nuclear deterrent capability and its commitment to self-reliance in defense technology.
• Key Points:
  • INS Arihant is a strategic asset, capable of launching nuclear-tipped missiles.
  • It is a crucial element of India's nuclear triad (land-based, air-based, and sea-based), enhancing its defense posture.

International Affairs

1. China's 20th Party Congress:

• The 20th National Congress of the Communist Party of China (CPC) concluded this week, marking a significant event in Chinese politics.
• Key Outcomes:
  • Xi Jinping secured a historic third term as General Secretary of the CPC, consolidating his power and extending his control over the party.
  • The congress outlined China's ambitious goals for economic development, technological advancement, and global influence.
  • The congress highlighted China's aggressive stance towards Taiwan, reaffirming its commitment to "reunification" by force if necessary.

2. Russia-Ukraine War:

• The ongoing conflict in Ukraine continues, with both sides suffering heavy casualties and significant damage to infrastructure.
• Key Developments:
  • Russia has escalated its attacks on Ukrainian civilian infrastructure, targeting power plants and other critical facilities.
  • Ukraine continues to receive military support from Western countries, including weapons and financial assistance.
  • The war has sparked a global energy crisis and driven inflation, impacting economies worldwide.

3. Iran Protests:

• Protests in Iran have intensified following the death of Mahsa Amini, a young woman who died in police custody after being detained for allegedly violating the country's strict dress code.
• Key Developments:
  • The protests have spread across the country, with demonstrators demanding an end to the Islamic Republic's authoritarian rule.
  • The Iranian government has responded with a violent crackdown, arresting protesters and restricting access to the internet.
  • International condemnation of Iran's crackdown has increased, with calls for accountability and respect for human rights.

4. US Midterm Elections:

• US midterm elections were held this week, with the Democrats facing a challenging battle to retain control of Congress.
• Key Outcomes:
  • The Republicans are projected to win control of the House of Representatives, while the Senate remains closely contested.
  • The outcome of the elections will have significant implications for the future of US domestic and foreign policy.

Economy & Business

1. India's GDP Growth Slows Down:

• India's GDP growth slowed down to 13.5% in the April-June quarter of 2022-23, compared to 20.1% in the previous quarter, indicating a slowdown in economic activity.
• Key Factors:
  • Global economic headwinds, including rising inflation and supply chain disruptions, have impacted India's growth.
  • The Indian economy is also facing challenges from rising commodity prices and a weakening rupee.

2. RBI Raises Interest Rates:

• The Reserve Bank of India (RBI) raised interest rates for the fourth consecutive time this week, aiming to control inflation.
• Key Developments:
  • The repo rate, the benchmark lending rate, was increased by 50 basis points to 5.90%.
  • The RBI also raised the reverse repo rate to 5.40%, further tightening liquidity in the system.

3. Global Recession Fears Grow:

• Concerns about a global recession are growing due to a combination of factors, including rising inflation, supply chain disruptions, and the war in Ukraine.
• Key Indicators:
  • Major economies, including the US and Eurozone, are experiencing slowing growth.
  • The International Monetary Fund (IMF) has downgraded its global growth forecasts for 2023.

Other Important Events

• The Supreme Court of India upheld the validity of the 10% EWS quota in educational institutions, dismissing petitions challenging its constitutionality.
• The United Nations Climate Change Conference (COP27) is scheduled to take place in Egypt in November, focusing on global efforts to combat climate change.
• India launched its first human space mission, Gaganyaan, with the successful test of the crew escape system.

Conclusion

This week has been crucial for understanding the global and national landscape. From the implications of China's 20th Party Congress to the intensifying Russia-Ukraine war, these events will have lasting impacts on the world. Understanding the complexities of these issues and their potential consequences is essential for UPSC preparation. Stay informed, analyze, and prepare for the upcoming examinations.