Gold steadied
on Feb 17 in international markets going near an eight-month high touched
earlier this week, as the US dollar and Treasury yields dipped on less
hawkish-than-feared Federal Reserve minutes, and as the Ukraine crisis boosted
demand for the safe-haven metal. At the
Multi-Commodity Exchange (MCX), gold contracts were trading marginally lower by
0.05 percent at Rs 49,591 for 10 grams at 9.26am and silver shed 0.42 percent
to trade at Rs 63,036 a kilogram.
No post on Gold
and Silver but on Exports .. .. of a very precious one !!
In a major trade deal implemented by the Shri
Narendra Modi Government, India and the
United Arab Emirates (UAE) will officially sign a Comprehensive Economic
Partnership Agreement (CEPA) today. Negotiations on the deal have been
completed in record time, having been officially launched in Sept 2021. Today
our honble PM is hosting a bilateral
summit at which the trade agreement between the two countries will be signed by
commerce and industry minister Piyush Goyal and the UAE’s minister of economy
Abdulla bin Touq Al Marri. The UAE is
India’s third trading partner globally, after the United States and China.
Bilateral trade between India and the UAE was worth $43.3 billion as of
2020-21, and is spread across thousands of traded items. In 2019-20, the
pre-pandemic year, trade between the two countries was estimated at $59
billion. The upcoming deal will be an ‘early harvest’ component of a far more
comprehensive trade and economic partnership deal in the future.
Elephants of
Namibia .. – desert elephants, not a distinct species but African bush elephants (Loxodonta africana)
that have made their homes in the Namib and Sahara deserts in Africa. Desert-dwelling elephants were once more
widespread in Africa than they are now and are currently found only in Namibia
and Mali. They tend to migrate from one waterhole to another following
traditional routes which depend on the seasonal availability of food and water.
They face pressure from poaching and from changes in land use by humans. The Kunene Region in the northwest of Namibia
is an area of mostly sandy desert, rocky mountains and stony plains which
covers about 115,154 square kilometres (44,461 sq mi). The desert elephants were absent from the
southern Kunene Region during the war for independence. They moved north for
safety, returning to the Ugab River in the mid 1990s by which time many
indigenous people had moved into the area following Namibia's independence.
Many of these new residents had no experience of living with wild elephants.
Namibia claims its elephant population has
increased considerably over the last few decades – though many doubt this
claim. There could be far fewer elephants than the 16,000 to 20,000 Namibia
claims. “Falsifying elephant populations statistics
and exaggerating human-wildlife conflict can be used by governments to generate
revenue from inflated hunting quotas, justify sales to zoos or hunting farms
and initiate ivory-generating culls. Corruption is now as big a threat to
elephants as poaching.”
Last year, Namibia sold off 57 live elephants at an auction
which it said was aimed at reducing populations in areas affected by drought
and conflict with humans. The country raised $537,000 from
the sale - the number represented just a third of the total
of 170 elephants the African nation had hoped to sell, according to the
environment ministry. 42 of those pachyderms will be exported to
international destinations that the government did not disclose. The other 15
will remain in Namibia but under private ownership !
Namibia says the auction
helped it strike a balance between the conservation of elephants and management
of the risks they pose when they encroach onto land used by humans. Now Namibia is in the process of capturing 57
wild elephants sold last year at auction, according to a statement today from
the country’s Ministry of Environment, Forestry and Tourism. To the consternation of environmental groups
and elephant advocates, Namibia had announced in December 2020 that it would
auction off 170 of its elephants to reduce populations that were increasingly
clashing with humans. It says it has an estimated 24,000 elephants.
Though they sold 57
elephants through a successful bidding, the pachyderms are yet to be rounded up
from the wild. Thirty-seven elephants
have already been captured, today’s statement says, including 22 for export. It
said nothing about where the elephants will go, other than that it won’t be
China. The Namibian Environment Ministry
claimed that the clause in sale agreement prohibits providing destination
details.
Selling wild
elephants into captivity has long been controversial, both because there’s
debate about whether such highly mobile, intelligent animals can live fulfilling
lives in captivity and because breaking up herds damages relationships among
close-knit family members. “Elephants
have basic needs for stimulating ecological and social environments and for the
freedom to exercise choice over their foraging options and companions. These
needs cannot be met under captive conditions,” said an Elephant care
group.
A Namibian journalist John
Grobler and a friend took this drone footage of the farm where 22 wild
elephants are being kept awaiting export.
They stated that Calves are
visible in drone footage of a farm where the 22 captured elephants slated for
export are being held. He says he worries that more of the elephants
may be pregnant and that the stress of captivity may trigger premature births.
The international wildlife
treaty that regulates the export of wild African elephants, CITES, was amended
in 2019 to bar elephants in Botswana, Zimbabwe, Namibia, and South Africa from
being exported to any country where the animals don’t or haven’t lived in the wild
unless there’s a proven conservation benefit. That almost certainly rules out
sales to zoos in, for example, China and the United States.
18th Feb 2022.
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