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Important Daily Facts of the Day

14May
2024

14 May 2024, Quick Facts of the Day

14 May 2024, Quick Facts of the Day

1. Xenotransplantation involves the transplantation, implantation, or infusion of live cells, tissues, or organs from nonhuman animals into human recipients or human body fluids, cells, tissues, or organs that have had contact with live nonhuman animal cells. Its primary purpose is to address the shortage of human donor organs, particularly in cases like kidney transplants, where there is a high demand and low supply. The practice dates back to the 1980s, with the heart being one of the first attempted organs for transplantation from animals to humans. In the procedure, animal organs, like pig kidneys, undergo genetic modifications using gene-editing technologies such as CRISPR-Cas9 to improve compatibility with the human body. This involves removing certain pig genes that produce antibodies and adding human genes to enhance compatibility.

 

2. The Secretary, Department of School Education and Literacy, recently addressed the inaugural alumni meeting of the Prerana Program, an Experiential Learning initiative aiming to instill leadership qualities through unique experiences. Launched by the Ministry of Education, Government of India, Prerana integrates Indian educational principles and values-based education. Each week, 20 students (10 boys, 10 girls) from diverse backgrounds participate. The curriculum emphasizes nine core values: Dignity and Humility, Valor and Courage, Hard Work and Dedication, Compassion and Service, Diversity and Unity, Integrity and Purity, Innovation and Curiosity, Faith and Trust, and Freedom and Responsibility.

 

3. The Indian Ministry of Commerce and Industry has strongly denied allegations of child labor outlined in a report by Australia's Joint Standing Committee on Trade and Investment Growth. The accusations arose amid negotiations for the Comprehensive Economic Cooperation Agreement between India and Australia. Australia's report, influenced by claims from the Community and Public Sector Union and the State Public Services Federation Group, recommended including human rights, labor, and environmental clauses in trade agreements, citing concerns over child and forced labor in India. However, India has refuted these claims, citing existing regulations prohibiting child and bonded labor. The Indian legal framework, including constitutional provisions and various acts like the Child Labour (Prohibition & Regulation) Act, 1986 and the Bonded Labour System (Abolition) Act, 1976, safeguards against these practices. Additionally, India's efforts have shown a decline in child labor statistics over the years, reflecting successful government initiatives.

 

4. Vietnam is pressing the United States to swiftly reclassify its status from "non-market economy" to "market economy" to alleviate the burden of high import taxes faced by goods from Southeast Asian nations. Currently, countries labeled as non-market economies, including Vietnam, encounter anti-dumping duties on their exports to the US. These duties aim to counteract dumping practices, where goods are sold at artificially low prices, harming domestic industries. The US determines anti-dumping duties for non-market economies by comparing product values to those of a third country, such as Bangladesh. Vietnam argues that it operates on market principles, including currency convertibility, free wage determination, and openness to foreign investment. However, US steelmakers and the American Shrimp Processors Association oppose changing Vietnam's status, citing concerns such as restrictions on land ownership and weak labor laws. Despite this, India and Vietnam continue to strengthen their bilateral trade, with trade volume reaching USD 15 billion in 2022.

 

5. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) marks its 30th anniversary with acknowledgment from World Trade Organization (WTO) members. TRIPS, integral to the formation of the WTO in 1995, has profoundly impacted global trade. Its evolution traces back to historical milestones such as the Venetian Patent Statute (1474), the Industrial Revolution necessitating international patent standards, and the Paris Convention (1883), the precursor to global intellectual property protection. However, it was the Uruguay Round (1987-1994) that cemented TRIPS within the WTO framework. As the most comprehensive multilateral agreement on intellectual property, TRIPS has shaped global commerce by establishing standards for patents, trademarks, copyrights, and trade secrets, fostering innovation, and balancing rights with public health concerns.