🅾️It is a multilateral treaty banning chemical weapons and requiring their destruction
🅾️Purpose : It prohibits the development, production, acquisition, stockpiling, or retention of chemical weapons.Members should also declare the riot-control agents (sometimes referred to as ‘tear gas’) in possession of them.
🅾️Legal Mandate : Organisation for the Prohibition of Chemical Weapons is an international organization established by the CWC in 1997 to implement and enforce the terms of the CWC.
🅾️India is a signatory of the convention and passed the Chemical Weapons Convention Act, 2000 -> led to the establishment of a National Authority for Chemical Weapons Convention or NACWC. This institution, formed in 2005, is the chief liaison between the government of India and the OPCW. It is an office in the Cabinet Secretariat of the GoI.
🅾️The OPCW was awarded the Nobel Peace Prize in 2013.
🅾️It is a multilateral treaty banning chemical weapons and requiring their destruction
🅾️Purpose : It prohibits the development, production, acquisition, stockpiling, or retention of chemical weapons.Members should also declare the riot-control agents (sometimes referred to as ‘tear gas’) in possession of them.
🅾️Legal Mandate : Organisation for the Prohibition of Chemical Weapons is an international organization established by the CWC in 1997 to implement and enforce the terms of the CWC.
🅾️India is a signatory of the convention and passed the Chemical Weapons Convention Act, 2000 -> led to the establishment of a National Authority for Chemical Weapons Convention or NACWC. This institution, formed in 2005, is the chief liaison between the government of India and the OPCW. It is an office in the Cabinet Secretariat of the GoI.
🅾️The OPCW was awarded the Nobel Peace Prize in 2013.
The seemingly negative pandemic effects and resource/product shortages are encouraging and allowing organizations to innovate and change.The news of cash-rich organizations getting ready for the post-Covid growth economy is a sign of more than capital spending plans. Cash provides a cushion for risk-taking and a tool for growth.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
