18th June, 2021 – Daily News

Topics covered – ADI PRASHIKSHAN, 31st NATO Summit, Non-Aligned Movement, Children and Digital Dumpsites report, World Competitiveness Index 2021, Industrial Corridor project, Line of Credit to Sri Lanka, ‘IndusEasyCredit’ digital lending platform, Confederation of Indian Industry’s GDP forecast, National Statistical Office’s GDP forecast, SDG Pioneers 2021, World Day to Combat Desertification and Drought, Global Assessment Report on Drought 2021, The Nutmeg’s Curse book

Bulletins

  1. Minister of Tribal Affairs, Sh. Arjun Munda has launched ADI PRASHIKSHAN portal and inaugurated a three-day training programme on “Capacity Building Training of Master Trainers for ST TRI Members”.
  2. 31st NATO Summit took place in Brussels, Belgium (HQ of NATO).
  3. Union Health Minister Harsh Vardhan interacted with health ministers of NAM (Non-Aligned Movement) countries virtually.
  4. WHO has released a report titled “Children and Digital Dumpsites” which highlights that there are as many as 18 million children (as young as 5 years) and about 12.9 million women working at the e-waste dumpsites every year.
  5. Institute for Management Development (IMD) has released the World Competitiveness Index 2021.
  6. Government of India has signed a loan agreement worth $484 million with Asian Development Bank (ADB) for improving the transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
  7. India has extended a Line of Credit (LoC) of $ 100 million to Sri Lanka for enhancing the solar power coverage in the latter.
  8. IndusInd Bank has launched the ‘IndusEasyCredit’ digital lending platform to meet the financial requirements of its customers online.
  9. Confederation of Indian Industry (CII) has forecasted a 9.5% GDP growth rate for India for 2021-22.
  10. As per the data from National Statistical Office (NSO), India’s GDP contracted 7.3% in FY21, against a 4% growth in the preceding FY20.
  11. United Nations Global Compact (UNGC) has recognised Sumant Sinha (Chairman & MD of ReNew Power), as one of the ten SDG Pioneers 2021, for his work to advance access to clean and affordable energy (SDG 7).
  12. Microsoft Corp promoted CEO Satya Nadella as its new Chairman.
  13. Yuvraj Singh has been appointed as the brand ambassador of PUMA Motorsport in India.
  14. Mukund Goswami appointed as the brand ambassador of Corona Vaccination Program in Maharashtra.
  15. World Day to Combat Desertification and Drought is observed on June 17 by UN.
  16. Odisha Chief Minister Naveen Patnaik has released a book of poems ‘Beyond Here and Other Poems’, written by senior bureaucrat Bishnupada Sethi.
  17. ‘The Nutmeg’s Curse’ book has been authored by Amitav Ghosh.

Table of Content

State News

  1. Minister of Tribal Affairs, Sh. Arjun Munda has launched ADI PRASHIKSHAN portal and inaugurated a three-day training programme on “Capacity Building Training of Master Trainers for ST TRI Members”.
ADI PRASHIKSHAN Portal:
• The portal has been developed by the Ministry of Tribal Affairs, Tribal Research Institute of Odisha and UNDP.
• It would act as a Central Repository of all training programs conducted by Tribal Research Institutes (TRIs), different divisions of Ministry, National Society for Education of Tribal Students (NESTS), Centre of Excellences funded by Ministry of Tribal Affairs and National Tribal Research Institute.
• The portal will also have a feedback section where trainees can give their feedbacks on the training programs. This will help in improvising the structure and content of the training programs to make them more effective.
Capacity Building Training of Master Trainers for ST TRI Members:
• Progress in the lives of tribal people can only be achieved by enlightening them about their rights and entitlements. This can be done by providing training to the different stakeholders, tribal communities and their representatives, officials and nodal agencies who will further disseminate the knowledge.
• For this purpose, the “Capacity Building Training of Master Trainers For ST PRI Members” program was jointly organized by National Tribal Research Institute and Tribal Research & Development Institute, Madhya Pradesh.

International News

  1. 31st NATO Summit took place in Brussels, Belgium (HQ of NATO).
      • All members agreed on the “NATO 2030” agenda, a comprehensive strategy to address future challenges.
      • NATO was established in 1949 in Washington DC, US.
NATO Summit
  1. Union Health Minister Harsh Vardhan interacted with health ministers of NAM (Non-Aligned Movement) countries virtually.
      • India ensured supply of medicines to 123 partner countries, including 59 NAM nations, despite its own needs amid the COVID-19 pandemic.
      • NAM was founded in 1961 by the leaders of Indonesia, India, Egypt, Ghana, and Yugoslavia.
      • There are 120 Member States, 17 Observer Countries and 10 Observer Organzations.

Reports and Indices

  1. WHO has released a report titled “Children and Digital Dumpsites” which highlights that there are as many as 18 million children (as young as 5 years) and about 12.9 million women working at the e-waste dumpsites every year.
      • This poses a high risk to the health of children and women.
      • The e-waste from high-income countries is dumped in the middle- or low-income countries for processing every year.
      • Health impact on children – improper lung function, deoxyribonucleic acid damage and increased risk of chronic diseases like cancer and cardiovascular disease.
      • Globally, about 53.6 million tonnes of e-waste was generated in 2019, out of which only 17.4% was processed formally and the rest was dumped into low- or middle-income countries, as per the data from Global E-waste Statistics Partnership.
      • In case of India, 10 lakh tonnes of e-waste was generated in 2019-20, increased from 7 lakh tonnes in 2017-18, as per the Central Pollution Control Board (CPCB) data.
      • However, India’s e-waste dismantling capacity is only 7.82 lakh tonnes. According to Ministry of Environment, 95% of e-waste in India is recycled by the informal sector and scrap dealers unscientifically dispose of it by burning or dissolving it in acids.

    Additional Facts:

      • Basel Convention on the Control of the Trans-boundary Movement of Hazardous Waste, 1992 – It prevents the thoughtless dismantling of e-waste and seeks innovative solutions for the same.
      • E-waste (Management) Rules (2016) in India also prohibits the same. The rules make producers responsible for handling of e-waste generated by them.
  2. Institute for Management Development (IMD) has released the World Competitiveness Index 2021.
      • Total – 64 countries
      • Top – Switzerland
          • Sweden jumped to 2nd rank from 6th last year. Demark came 3rd.
      • India’s rank – 43rd (same since 2019)
      • India’s rank on individual parameters –
          • Economic Performance – 37
          • Government Efficiency – 46 (only, this indicator saw improvement in ranking from 50th. All other indicator rankings are unchanged from 2020).
          • Business Efficiency – 32
          • Infrastructure – 49
      • Bottom – Venezuela
      • Botswana is the new country added in the index this year.
      • Parameters – Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure
      • Among the BRICS nations, India is ranked second after China (16), followed by Russia (45th), Brazil (57th) and South Africa (62th).
Competitiveness Index

Banking and Economy

    1. Government of India has signed a loan agreement worth $484 million with Asian Development Bank (ADB) for improving the transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
        • The CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu and connects India to the production networks of South, Southeast, and East Asia.
        • ADB is the lead partner of the Government of India in developing ECEC.
        • The project will upgrade about 590 km of state highways in the CKIC influence areas, covering 23 of the 32 districts between Chennai and Kanyakumari in Tamil Nadu.

About National Industrial Corridor Program:

      • 11 industrial economic corridors[see the image below] will be developed in four phases by 2024-25.
      • Purpose – for the development of futuristic industrial cities in India which can compete with the best manufacturing and investment destinations in the world, while creating employment opportunities and economic growth at the same time.
      • In order to strengthen the industrial development, Dedicated Freight Corridors (DFC) are being developed by the govt alongside these industrial corridors to facilitate easy and cost effective logistic services to industries.
      • National Industrial Corridor Development and Implementation Trust (NICDIT), under the Department for Promotion of Industry and Internal Trade, was set up in 2016.
      • The first project under National Industrial Corridor Program – the Delhi Mumbai Industrial Corridor (DMIC) project – got approval from the Union Cabinet in 2007.
Industrial Corridor Program
  1. India has extended a Line of Credit (LoC) of $ 100 million to Sri Lanka for enhancing the solar power coverage in the latter
      • This aid was announced by India in 2018 at the Founding Conference of International Solar Alliance.
      • Through this grant, rooftop solar photo-voltaic systems for households and government buildings will be set up in Sri Lanka.
      • India gives LoCs to other countries through Exim Bank.
      • India has become the first country to partner with Sri Lanka for achieving the 70% renewable energy national power requirements by 2030.
  2. IndusInd Bank has launched the ‘IndusEasyCreditdigital lending platform to meet the financial requirements of its customers online.
      • With this, both existing, as well as non-IndusInd Bank customers, can instantly avail of personal loans or credit cards on a single platform in a completely paperless and digital manner.

GDP Forecasts

  1. Confederation of Indian Industry (CII) has forecasted a 9.5% GDP growth rate for India for 2021-22.
      • In the medium term, the growth rate can pick up to 8 to 9% if positive actions are taken now. If not, a 5 to 6% growth scenario is also possible.
      • Fiscal stimulus of Rs 3 lakh crore is required along with measures to support businesses.
      • CII President – T V Narendran
  2. As per the data from National Statistical Office (NSO), India’s GDP contracted 7.3% in FY21, against a 4% growth in the preceding FY20.
      • In February, the NSO had predicted an 8% contraction for FY21. But, January – March 2021 quarter’s GDP grew by 1.6%, which led to the decrease in contraction.
Industry 2019-20 2020-21 Q4 FY21 Q4 FY20
Agriculture, Forestry and Fishing 4.3 3.6 3.1 6.8
Manufacturing -2.4 -7.2 6.9 -4.2
Construction 1.0 -8.6 14.5 0.7
Trade, Hotels, Transport 6.4 -18.2 -2.3 5.7
*All figures in per cent. Source: NSO, MoSPI

Appointments

  1. United Nations Global Compact (UNGC) has recognised Sumant Sinha (Chairman & MD of ReNew Power), as one of the ten SDG Pioneers 2021, for his work to advance access to clean and affordable energy (SDG 7).
      • 10 SDG Pioneers are selected every year from different countries.
      • ReNew Power has been a participant in the UN Global Compact since 2016.
      • SDG Pioneers are business leaders selected by the UN Global Compact for advancing the SDGs by implementing the UN Global Compact Ten Principles (divided into four categories of human rights, environment, labour, and anti-corruption).
      • UNGC was launched in 2000 to adjure business towards the cause of SDGs.
SDG
  1. Microsoft Corp promoted CEO Satya Nadella as its new Chairman.
  2. Yuvraj Singh has been appointed as the brand ambassador of PUMA Motorsport in India.
      • PUMA HQ – Germany
  3. Mukund Goswami appointed as the brand ambassador of Corona Vaccination Program in Maharashtra.

Important Days

  1. World Day to Combat Desertification and Drought is observed on June 17 by UN.
      • Theme – Restoration. Land. Recovery.
Combat Desertification and Drought

Global Assessment Report on Drought 2021:

    • United Nations Office for Disaster Risk Reduction has launched the Global Assessment Report on Drought 2021 special report on the occasion of World Day to Combat Desertification and Drought.
Global Scenario India’s Scenario
→ 2/3rd of the world could be living with water stress by 2025. → The impact of severe droughts on India’s GDP can be about 2-5% per annum, despite decreasing contribution of agriculture in the country’s expanding economy.
→ The after effects of droughts can stay longer even after the end of the drought, and cause damage to agriculture and other sectors. → The Deccan region in India sees the highest frequency (of more than 6%) of severe droughts in all of India.
→ Impact of droughts – stress on public water supply, hydro-energy production, threatening human, biodiversity, and natural ecosystem. → The study found significant drought conditions once in every three years in the Deccan Plateau leading to large scale migration and desertification.
→ Globally, the report has estimated an annual loss of around $6.4 billion in the US due to drought and Euro 9 billion in Europe. In Australia, the study found its agricultural productivity fell by 18% during 2002-2010 due to drought-like conditions. → The GAR report has cited major droughts in India in the last 150 years: in 1876-1878, 1899-1900, 1918-1919, 1965-1967, 2000-2003 and 2015-2018. Severe droughts are occurring with increasing frequency in the Deccan region.
→ Most of the world will be living with water stress in the next few years.

Miscellaneous

  1. Odisha Chief Minister Naveen Patnaik has released a book of poems ‘Beyond Here and Other Poems’, written by senior bureaucrat Bishnupada Sethi.
  2. ‘The Nutmeg’s Curse’ book has been authored by Amitav Ghosh.

Start Quiz of 18th June 2021

Q.1) What is the name of the portal launched by Minister of Tribal Affairs as the Central Repository of all training programs conducted by Tribal Research Institutes (TRIs), different divisions of the Ministry, National Society for Education of Tribal Students (NESTS), Centre of Excellences funded by Ministry of Tribal Affairs and National Tribal Research Institute?
Q.2) Which edition of the NATO Summit took place in Brussels recently?
Q.3) Which of the following is not a founding member of Non-Aligned Movement countries?
Q.4) How many children are working at the e-waste dumpsites every year, as per WHO’s “Children and Digital Dumpsites” report?
Q.5) What is India’s rank in the “Government Efficiency” sub-index of IMD’s World Competitiveness Index 2021?
Q.6) How many industrial corridors are being developed in India under the National Industrial Corridor Program?
Q.7) What is CII’s forecast for India’s GDP for FY22?
Q.8) What is NSO’s GDP forecast (contraction) for India for FY21?
Q.9) Who has been chosen as the SDG Pioneers 2021 from India by UNGC?
Q.10) As per the Global Assessment Report on Drought 2021, impact of severe droughts on India’s GDP can be about ____ per cent per annum, despite decreasing contribution of agriculture in the country’s expanding economy?
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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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