12th July, 2021 – Daily News

Topics covered – India Industrial Land Bank, First India-UK Financial Markets Dialogue , Vidya Balan firing range, GISAT-1 , World’s deepest swimming pool , The Hunger Virus Multiplies, Statistical Review of World Energy 2021, National Fish Farmers Day , Copa America Football Championship , UEFA Euro 2020 , A New Cold War: Henry Kissinger and the Rise of China

Bulletins

  1. Ministry of Commerce and Industry has announced that India Industrial Land Bank (IILB) will achieve pan-India integration by December 2021.
  2. First India-UK Financial Markets Dialogue was held virtually to strengthen the financial markets of both countries.
  3. Indian Army named a firing range in Gulmarg, J&K after Bollywood actress Vidya Balan to honour her contributions towards cinema.
  4. ISRO has planned to launch its GISAT-1 on GSLV-F10 launch vehicle from Sriharikota, Andhra Pradesh on August 12.
  5. World’s deepest swimming pool (197 ft) for underwater diving has opened in Dubai, UAE.
  6. Oxfam International has released “The Hunger Virus Multiplies” report.
  7. BP Plc (British multinational oil company) has launched its “Statistical Review of World Energy 2021”.
  8. National Fish Farmers Day is observed on July 10 in the memory of Dr KH Allkunhi and his colleague Dr Hiralal Chaudhari.
  9. Argentine has won the Copa America Football Championship in Brazil.
  10. Italy’s National Team has won the UEFA Euro 2020 against England.
  11. “A New Cold War: Henry Kissinger and the Rise of China” book has been written by Sanjaya Baru and Rahul Sharma.

Table of Content

National News

  1. Ministry of Commerce and Industry has announced that India Industrial Land Bank (IILB) will achieve pan-India integration by December 2021.
      • The system has been integrated with industry-based GIS systems of 17 states so that details can be updated on the portal on a real-time basis.
      • The IILB is a GIS-based portal that acts as an one-stop repository of all industrial infrastructure-related information, including connectivity, infrastructure, natural resources and terrain, plot-level information on vacant plots, line of activity, and contact details.
      • Currently, the portal has approximately 4,000 industrial parks mapped across an area of 5.5 lakh hectares of land.
      • On this portal, United States have the maximum number of visitors after India, followed by Australia, United Kingdom, Singapore, UAE, Germany, and Indonesia.
  2. First India-UK Financial Markets Dialogue was held virtually to strengthen the financial markets of both countries.
      • The dialogue was centred on capital market, insurance, banking, sustainable finance, fintech and GIFT city.
      • Both countries agreed to further collaboration in GIFT City Strategic Partnership, sustainable finance and fintech.
      • In October 2020 during the 10th Economic and Financial Dialogue, Indian Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak had agreed to create a Financial Markets Dialogue.

State News

  1. Indian Army named a firing range in Gulmarg, J&K after Bollywood actress Vidya Balan to honour her contributions towards cinema.
      • The range is now known as “Vidya Balan Firing Range”.
  2. ISRO has planned to launch its GISAT-1 on GSLV-F10 launch vehicle from Sriharikota, Andhra Pradesh on August 12.
      • GISAT-1 (Geo Imaging Satellite) could not be launched in March 2021 due to technical errors.
      • It is the 14th launch of GSLV (Geosynchronous Satellite Launch Vehicle).
      • Objectives of the satellite:
        • GISAT-1 will facilitate near real- time observation of the Indian sub-continent, under cloud-free conditions, at frequent intervals.
        • It would help in quick monitoring of natural disasters, episodic and any short-term events.
        • It will help in obtaining spectral signatures of agriculture, forestry, mineralogy, disaster warning, cloud properties, snow and glacier and oceanography.

International News

  1. World’s deepest swimming pool (197 ft) for underwater diving has opened in Dubai, UAE.
      • The pool, which holds the equivalent of six Olympic swimming pools, has been verified by Guinness World Records as the world’s deepest swimming pool for diving.

Reports & Indices

  1. Oxfam International has released “The Hunger Virus Multiplies” report.
      • As per the report, the global death toll of famine is greater than Covid-19.
      • Globally, 11 people are dying in every minute due to famine, as against 7 people per minute death toll of Covid-19.
      • Total 155 million people are at the highest risk of famine / food crises.
      • War zones like Afghanistan, Ethiopia, South Sudan, Syria, Yemen are the worst hunger hotspots.
      • Global warming and economic recession have increased the global food prices by 40%.
  2. BP Plc (British multinational oil company) has launched its “Statistical Review of World Energy 2021”.
      • The report analyses the situation of energy market in 2020.
      • The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis.
Highlights of the report:
Overview:
Primary global energy consumption fell by 4.5% last year, which was the largest annual decline since 1945. (**Primary energy is comprised of commercially traded fuels, including modern renewable energy sources used to generate electricity.)
● Cumulatively, fossil fuels (coal, natural gas, and oil) still accounted for 83.1% of the world’s primary energy consumption in 2020.
Review of World Energy
Country-wise data:
● Over 95% of the countries surveyed in the report experienced a decline in energy consumption. Country-wise, the U.S., India, and Russia contributed the largest annual declines in energy consumption.
China’s energy consumption grew by 2.1% over 2019. Still, that was well below China’s 3.8% average growth over the previous 10 years.
CO2 Emission:
● Global CO2 emissions fell by 6.3% in 2020. This was also the largest decline since 1945, and put annual emissions back at levels last seen in 2011.
● As the report, "the rate of decline in carbon emissions last year is similar to what the world needs to average each year for the next 30 years to be on track to meet the aims of the Paris Agreement."
OIL:
● About three-fourths of the decline in primary global energy consumption came from oil, due to a slowdown in the world's transportation systems.
● However, despite the sharp decline in oil consumption, oil remained on top with a 31.2% share of all energy consumption.
Natural Gas:
● Natural gas was a popular fossil fuel with a global 2.9% average annual growth rate over the past decade.
● But, in 2020, the global natural gas consumption declined by 2.3%, which is largest decline in natural gas demand on record.
● In 2020, the U.S. remained the global leader in both natural gas production and consumption.
Coal:
● It was on decline since 2014. But, the decline coal saw in 2020 was largest annual decline on record at 4.2%.
● China remains by far the world's largest producer and consumer of coal, with a >50% global share in both categories.
● In 2020 also, China witnessed a growth of 0.3% in coal consumption.
● Coal demand in OECD countries fell to the lowest level in the history of the Review, which dates to 1965. U.S. coal demand in 2020 also fell to the lowest level since the Review began tracking it in 1965.
Renewables:
● Despite the massive decline in global energy demand, global renewable energy consumption grew by 10% in 2020.
● Solar electricity consumption rose by 20% but wind power provided the largest contribution to renewables growth.
● Solar capacity increased by 127 gigawatts (GW), while wind capacity grew 111 GW.
● Together, wind and solar power now have a global capacity of 1,441 GW.
● China was the largest individual contributor to renewables growth, followed by the U.S., and Europe.
Nuclear:
● Nuclear consumption fell in 2020 by 4.1%.
● The U.S. remains the world's largest consumer of nuclear power, with a 31% share of the global total.
● South Africa (+13.7%), South Korea (+9.1%), and China (+4.3%) had the fastest growth rates in nuclear power consumption in 2020, but China's consumption increase was the world's largest.

Important Days

  1. National Fish Farmers Day is observed on July 10 in the memory of Dr KH Allkunhi and his colleague Dr Hiralal Chaudhari.
      • They are remembered for their contribution in achieving the successful induced breeding of major carps on 10th July,1957 at Angul in Odisha for the first time in the country.
      • The National Fisheries Development Board was established in 2006.

Sports

  1. Argentine has won the Copa America Football Championship in Brazil.
      • Lionel Messi (captain of the Argentine football team) won the Golden Boot award (top scorer).
      • Golden Ball (best player) – Lionel Messi
      • Golden Glove (best goalkeeper) – Emiliano Martinez (Argentine)
      • Best Player Award – Lionel Messi and Neymar (Brazilian footballer)
      • Best Player of Final – Angel di Maria (Argentine)
Argentine Won Copa America
  1. Italy’s National Team has won the UEFA Euro 2020 against England.
      • Golden Boot Award (Top Scorer) – Cristiano Ronaldo (Portugal)
      • Golden Ball Award (Best Player) – Gianluigi Donnarumma (Italy)
      • Young Player of the Tournament – Pedro Gonzalez Lopez (Spain)
Italy’s National Team

Miscellaneous

  1. “A New Cold War: Henry Kissinger and the Rise of China” book has been written by Sanjaya Baru and Rahul Sharma.

Start Quiz of 12th July 2021

Q.1) How much reduction was seen in the CO2 emission in the world in 2020, as per the BP Statistical Review of World Energy 2021?
Q.2) Where is the world's deepest swimming pool (197 ft) for underwater diving located?
Q.3) How many people die in a minute worldwide due to famine, as per The Hunger Virus Multiplies report?
Q.4) Recently, Argentine has won the Copa America tournament. With which sport is Copa America tournament related?
Q.5) Which country won the UEFA Euro 2020?
Q.6) Who is the author of “A New Cold War: Henry Kissinger and the Rise of China” book?
Q.7) Which of the following statement is not true about the India Industrial Land Bank?
Q.8) With which country has India conducted the first Financial Markets Dialogue recently in a virtual mode for strengthening the financial markets of both countries?
Q.9) Where is the Vidya Balan Firing Range of the Indian Army located?
Q.10) Recently, ISRO has announced to launch the GISAT-1 satellite in August 2021 tentatively on GSLV-F10 launch vehicle. GISAT-1 will be the ____ launch of GSLV?
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About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 4 years of experience in the field of Education.

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