World Intellectual Property Organization (WIPO)

- Type: Specialized agency of the United Nations.

- Location: Geneva, Switzerland.

- Establishment: Created by the WIPO Convention in 1967.

-Mission: To lead the development of a balanced and effective international intellectual property (IP) system that promotes innovation and creativity for the benefit of all.

- Members: 193 member states.

- Functions:

● Global Policy Forum: Brings together governments, intergovernmental organizations, industry groups, and civil society to address evolving IP issues.

● Committees and Working Groups: Member states and observers meet regularly to negotiate changes and new rules for the international IP system to keep pace with global changes.

● Encouraging Innovation and Creativity: Ensuring that the international IP system serves its fundamental purpose by fostering an environment conducive to innovation and creativity.

Source : The Hindu

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Indo-Pacific Economic Framework for Prosperity (IPEF)

- Launch Date: May 23, 2022

- Initiator: United States President

- Members: 14 countries - Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, United States, and Vietnam.

- Objective: Advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness for member economies.

- Pillars of Cooperation: Trade, Supply Chain, Clean Economy and Fair Economy

● India's Participation: India is not part of the trade pillar.

Clean Economy Investor Forum:

- Purpose: Mobilize investments into sustainable infrastructure, climate technology, and renewable energy projects.

- Participants: Top investors, philanthropies, financial institutions, innovative companies, startups, and entrepreneurs from the region.

- Nodal Agency: Department of Commerce

Source : PIB

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Central Board of Indirect Taxes and Customs (CBIC)

- Department: Part of the Department of Revenue under the Ministry of Finance.

- Previous Name: Central Board of Excise and Customs.

- Functions:

● Policy Formulation: Levy and collection of Customs duties, Central Excise duties, Central Goods & Services Tax (CGST), and Integrated Goods & Services Tax (IGST).

● Prevention of smuggling.

● Tax Administration: Ensures proper collection and timely deposit of taxes on foreign and inland travel by collection agencies.

● Customs Duties Administration

- Leadership: Headed by a Chairman appointed by the Indian Government.

- Subordinate Organizations:
● Custom Houses
● Central Excise Commissionerates
● Central GST Commissionerates
● Central Revenues Control Laboratory

- GST Intelligence Wing: Responsible for detecting and preventing tax evasion.

Source : The Hindu

International Organization for Migration

● An intergovernmental organization that provides services and advice concerning migration to governments and migrants, including internally displaced persons, refugees, and migrant workers.

- Established: 1951

- Headquarters: Geneva, Switzerland

- Membership:

● Member States: 175

● Observer States: 8

- Mandate: To promote humane and orderly migration for the benefit of all, through providing services and advice to governments and migrants.

- Key Publications:

● World Migration Report
● Migration Health Annual Report

- Areas of Work:

● Migration and Development
● Migration Health
● Emergency Operations
● Counter-Trafficking

Source : The Hindu

Consumer Food Price Index (CFPI)

● It measures changes in the retail prices of food items consumed by the population.

- Relation to CPI: The CFPI is a sub-component of the CPI, focusing exclusively on food items.

- Usage:

● By the RBI: To monitor and manage inflation.

● By CSO: CSO under Ministry of Statistics and Programme implementation , is responsible for releasing CFPI data.

- Categories: CFPI data is released for 3 categories:

● Rural
● Urban
● Combined (rural and urban)

- Frequency: The index is calculated and published monthly.

- Start Date: The CSO started releasing CFPI data separately on an all-India basis from May 2014.

- Base Year:
● The base year currently used for CFPI is 2012.It was revised from 2010 to 2012 in January 2015

Source : PIB

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