Current Affairs 11th February 2016

Current Affairs 11th February 2016

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India positions 37th on USCC’s 2016 Intellectual Property Index

• In as of late discharged Intellectual Property Index (IPI) by United States Chamber of Commerce (USCC), India was positioned 37th among the reviewed 38 nations. These 38 nations benchmarked in the 2016 file represents about 85% of the worldwide GDP. Venezuela positioned least underneath India at 38th position with 6.42 focuses on the list.
• In this version of IP Index, India has scored a low 7.0 out of most extreme 30 focuses.
• Main 10 Countries: Singapore (25.6), Australia (24.8), Japan (23.3), UK (27.5), US (28.6 score), France (27.2), Germany (27.4), Sweden (27.1), Switzerland (24.9), and South Korea (23.3).
• BRICS Countries: China (22nd), South Africa (26th), Russia (twentieth Rank), Brazil (29th) and India (37th).
• Purposes behind India’s lower positioning: Patent security in India stays outside of universal best practices. Indian laws don’t give sufficient authorization components to battle online theft viably.
• Intellectual Property Index The file depends on 30 parameters (each having one point) altered by US Chamber’s Global Intellectual Property Center (GIPC). It was begun in 2012 and some of its criteria are patent, copyright and trademark securities, requirement and engagement in universal arrangements.

NATO, EU consent to arrangement on Cyber Defense Cooperation

• The North Atlantic Treaty Organization (NATO) and European Union (EU) have consented to an arrangement to enhance Cooperation in Cyber Defense to counter cutting edge types of cross breed fighting.
• In such manner a specialized assention was marked at NATO home office in Brussels, Belgium between both associations which have 22 part nations in like manner. It was marked between NATO Computer Incident Response Capability (NCIRC) and the Computer Emergency Response Team – European Union (CERT-EU).
• This assertion will help both associations better address the difficulties of digital security against the developing risk of digital assaults. Under it, both associations will trade data and share best practices to enhance digital occurrence counteractive action, identification and reaction. The arrangement has permitted part nations to perform the goals of the EU Cyber Defense Policy Framework.

UAE’s ADNOC to store unrefined petroleum in India’s Strategic Petroleum Reserves

• The UAE’s national oil organization Abu Dhabi National Oil Company (ADNOC) has consented to store unrefined petroleum in India’s lady Strategic Petroleum Reserves (SPRs) capacity.
• It will be first of its kind arrangement in which India has accomplice with other nation for putting away unrefined petroleum in the SPR stockpiling for crisis reason.
• Vital Petroleum Reserves: India is building underground SPR stockpiles at Visakhapatnam (1.33 million tons limit), Padur (2.5 million tons), and Mangalore (1.5 million tons) to store around 5.33 million tons of unrefined petroleum.
• These SPRs will go about as a profitable cushion against transient oil supply disturbances and worldwide value stuns as India is 79 for every penny subject to imports to meet its raw petroleum needs.
• UAE has consented to give two-third of the oil to it for nothing for this reason. Without further ado India imports upto 8 for each penny of raw petroleum from UAE. ADNOC is enthusiastic about taking portion of the 1.5 million tons Mangalore SPR office.
• It will stock 6 million barrels or 0.75 million tons of raw petroleum in one compartment of this office. Of this, 0.5 million tons of put away raw petroleum will have a place with India and it can utilize it at the season of crises.