The Hindu PDF 18 November 2023 Analysis

The Hindu PDF 18 November 2023 Newspaper is considered an important source of news and information for UPSC (Union Public Service Commission) aspirants in India. This The Hindu Epaper PDF newspaper covers a wide range of topics that are relevant to the UPSC exam, including politics, economics, international relations, governance, and social issues.

The Hindu PDF Analysis 18 November 2023 for UPSC

Building the floor: Page 6

• U.S. President Joe Biden and Chinese President Xi Jinping’s summit in San Francisco aimed to stabilize their rocky relations.
• The summit resulted in concrete agreements, including the restart of military-to-military direct dialogue and discussions on AI risk and safety.
• Both sides described the summit as establishing a floor to the relationship, offering hope for stability.
• Cautious optimism surrounds the attempt at stabilization, considering the prior failure of the Bali consensus due to a “spy balloon” incident.
• Concerns arise with Taiwan’s upcoming elections and the potential for increased tensions across the strait.
• The U.S. will enter election mode in 2024, bringing heated rhetoric on China during the campaign season.
• A fundamental difference in the perception of their relationship’s future exists, with Xi questioning whether they are adversaries or partners.
• Xi criticizes the U.S. framing of the relationship as fundamentally competitive, warning against misinformed policy making.
• Biden acknowledges competition but emphasizes responsible management.
• Despite differences, both sides realize the importance of high-level engagement and open channels to prevent competition from escalating into conflict.
• Lessons from the U.S.-China relationship offer insights into the India-China relationship amid the crisis along the Line of Actual Control.

The geopolitical fallout of the Israel-Hamas war: Page 6

• Geopolitical shifts in West Asia until October 7: U.S. focusing on Russia and China, seeking closer ties between Israel and Gulf Arabs through the Abraham Accords.
• U.S. deprioritization of West Asia led Gulf Arabs to make tactical changes, creating an opportunity for China’s role as a peacemaker in the Iran-Saudi reconciliation agreement.
• U.S. response to Saudi-Iran détente: Doubling down on the Abraham Accords, investing in talks between Saudis and Israelis.
• October 7 Hamas attack on Israel: Goal to re-regionalize the Palestine issue, disrupt Saudi-Israel peace bid.
• Israel’s response to the attack: Disproportionate and indiscriminate attack on Gaza, triggering massive protests across the Arab Street.
• Growing pan-Arab sympathy with Palestinians and antipathy towards Israel, putting pressure on Arab leaders.
• Iran factor: Iran stepping up pro-Palestine rhetoric, calling for collective action against Israel, complicating choices for Saudi Arabia and other Arab countries.
• Saudi Crown Prince’s stance: Relinking the Palestine issue with peace talks with Israel, a setback for the U.S. and Israel.
• Uncertainty about Israel’s endgame in Gaza, potential long-term consequences if Israel reoccupies the territory.
• Regional dynamics: Iran-Saudi reconciliation under Chinese mediation, showing increasing autonomy of Arab countries, and a setback for U.S.-brokered Abraham Accords.
• Growing role of China in the Gulf, changes in regional dynamics, and the limits of U.S. influence in the region.

Summit clash: Page 6

• World Cup final between India and Australia at Narendra Modi Stadium in Ahmedabad.
• India in prime form with 10 consecutive wins, defeating New Zealand in the semifinal.
• Australia started with two losses but won eight consecutive games, aiming to uphold its legacy with five previous championship wins.
• Previous World Cup final clash in 2003, Australia won by 125 runs; Rahul Dravid, involved in that match, is now the Indian team’s coach.
• Dravid and captain Rohit Sharma emphasize the philosophy of taking one match at a time.
• Key players for India: Rohit Sharma’s explosive starts, Shubman Gill’s poise, Virat Kohli’s prolific run, and contributions from Shreyas Iyer, K.L. Rahul, and Suryakumar Yadav.
• Bowling attack led by Jasprit Bumrah, with spinners playing a crucial role in strangling the middle order.
• Kohli leading the batting with 711 runs, and Mohammed Shami leading the bowlers with 23 scalps.
• Australia seen as a combative unit, with Glenn Maxwell’s standout performance of 201 runs against Afghanistan.
• Australia’s fine seam attack and effective spinner Adam Zampa pose a challenge for India.
• India aims for its third World Cup victory, needing to tackle Australia’s formidable bowling to secure the win.

‘India has a critical role in Dubai climate conference’: Page IO

• Majid Al-Suwaidi, Director-General, CoP-28, denies conflict of interest in UAE hosting the event despite being an oil producer.
• The 28th edition of the Conference of Parties (CoP) will be held in Dubai next month.
• Sultan Al-Jaber, the CoP President, facing criticism for heading one of the world’s largest oil companies.
• Al-Suwaidi surprised by the criticism, stating it’s not the first time a CoP President is from a fossil fuel-producing country.
• UAE emphasizes a history of development that minimizes wastage and transition to a non-oil-and-gas economy.
• UAE’s economy is now 70% not oil-and-gas, with efforts in tourism and renewable energy (Masdar).
• Emphasis on the need for practical solutions to transition people in developing countries to new jobs without compromising development.
• CoP Presidency’s role is to encourage countries to do more than committed to addressing the 43% projected increase in emissions by 2030.
• Focus on decarbonizing while building a new economy to achieve the 1.5 degrees Celsius target.
• Prime Minister Narendra Modi expected to attend CoP-28; India has a critical role in the conference.
• CoP-28 seen as the most high-profile, with India playing a crucial role, especially as the conference is for Asia.

Japan PM raises ‘serious concerns’ about military activity in talks with Xi: Page 11

• Japan’s Prime Minister Fumio Kishida raised “serious concerns” about Chinese military activity in talks with President Xi Jinping.
• Concerns include China’s increasing military activity near Japan and collaboration with Russia.
• Emphasized the importance of peace and stability in the Taiwan Strait to the international community.
• Urged the immediate removal of Chinese buoys set up in Japan’s exclusive economic zone (EEZ) in the East China Sea.
• President Xi called for following the trend of the times, focusing on common interests, and handling differences properly.
• Tensions have escalated in the Pacific over China’s actions in the South China Sea and drills around Taiwan.
• Japan strongly demanded a calm response based on scientific evidence and the immediate removal of restrictions on Japanese seafood imports by China.
• The seafood ban by China was in response to Japan releasing treated wastewater from the Fukushima nuclear plant, which Japan insists is safe.

Bank stocks fall as RBI tightens rules: Page 12

• RBI increased the risk weight on consumer loans by 25 percentage points to curb unsecured loans.
• Bankex of the BSE dropped 1.48%, losing 740.92 points to 49,170.81.
• State Bank of India led the decline with a 3.64% drop, followed by Axis Bank (-3.03%) and Canara Bank (-2.02%).
• ICICI Bank (-1.45%), Federal Bank (-1.4%), Bank of Baroda (-0.91%), Kotak Bank (-0.43%), and HDFC Bank (-0.22%) also experienced declines.
• Nifty Bank index of the NSE fell 1.31%, down 577.60 points to 43,583.95.
• The RBI’s move raises concerns about banks’ loan growth and profitability.
• Analysts suggest the Bank Nifty’s next support is at the 43,300-43,250 zone, with a potential recovery toward 44,000 if that level holds.
• Heavyweight financial stocks saw a drop amid concerns over the sector’s loan growth and profitability after the RBI tightened rules for personal loans and credit cards.

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Source: The Hindu Epaper

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