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CURRENT AFFAIRS – 02/08/2023

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Climate finance adds another layer of inequity to climate change Many countries in Sub-Saharan Africa are in debt distress and are also among the nations that are most vulnerable to climate change ANUSHKA KATARUKA DATA POINT In the last few years, climate justice activists have been campaigning for the world’s economically developed countries to raise their investments in climate adaptation and mitigation, including paying for other countries’ abilities to deal with the effects of climate change. Countries in Sub-Saharan Africa, Latin America, and South Asia have historically contributed the least to global warming; yet, they are bearing the bigger brunt…

CURRENT AFFAIRS – 01/08/2023

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Delhi services Bill likely to be tabled today in LS Bill designates L-G as the authority who will have the final say on the postings and transfer of bureaucrats in the Delhi government THE HINDU BUREAU NEW DELHI The Bill to replace the Delhi services Ordinance will be introduced in the Lok Sabha on Tuesday. The Government of National Capital Territory of Delhi (Amendment) Act, 2023, seeks to designate the Lieutenant-Governor (L-G) as the authority with a final say on the postings and transfers of all bureaucrats serving under the Delhi government. The draft Bill, which mandates the creation of an…

CURRENT AFFAIRS – 31/07/2023

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Bitter truths in Maharashtra’s sugar fields S. Irudaya Rajan is Chair at the International Institute of Migration and Development, Kerala The High Court of Bombay has recently taken suo motu cognisance of the exploitation of the intra-State workforce that migrates seasonally from the drought-affected and water-scarce regions of Marathwada to the sugar-belt region of western Maharashtra. Maharashtra is one of the top sugar producers in India. According to the Maharashtra Sugar Commissioner, in 2022-23, the net area under sugar cane was 1.487 million hectares, and there were 203 crushing factories in the State that were expected to produce 138 lakh metric tons…

CURRENT AFFAIRS – 29/07/2023

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Govt. allows Indian companies to list on foreign exchanges through IFSC Finance Minister also launches a clearing mechanism and a market development fund to help in the development of a vibrant corporate bond market in India; The fund will be equipped with ₹33,000 crore to help stabilise the debt market THE HINDU BUREAU MUMBAI Union Minister of Finance Nirmala Sitharaman on Friday said that Indian companies could now directly list their shares on foreign exchanges operating at the GIFT City-based International Financial Services Centre (IFSC) in Gujarat. “I had said in May 2020 that direct listing of securities by public Indian…

CURRENT AFFAIRS – 28/07/2023

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Stapled visas for Arunachal athletes unacceptable: India Behind the scenes: India now says that the Modi-Xi engagement in Bali last November was not just a courtesy call. External Affairs Ministry slams China’s move, says it will respond suitably; New Delhi agrees with Beijing’s statement that Modi, Xi discussed bilateral ties during G-20 summit in Bali last November SUHASINI HAIDAR  NEW DELHI Terming China’s decision to revive the practice of “stapled visas” for Indian sportspersons from Arunachal Pradesh “unacceptable”, India on Thursday lodged a strong protest and said that it would respond suitably, after Beijing refused to give normal visas to three…

Yamuna floodplains

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Contents Yamuna floodplainsDelhi’s Master PlanAbout floodplain?Yamuna River SystemYamuna floodplains The Yamuna on July 13 crossed the record set in 1978 of 207.49 metres. Causes, experts argue, can be traced to haphazard construction activities, urbanisation, lack of proper housing and lax regulations. The floodplain along Yamuna’s 22 km run in Delhi, designated as the O zone by the Delhi Development Authority, has an area of approximately 9,700 hectares. As part of river systems, floodplains slow water runoff during floods, recharge groundwater and store excess water, replenishing the city’s water supply. If you lose the floodplain, you also lose the storage of…

National Research Foundation Bill

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Why in News  Union Cabinet had approved the National Research Foundation (NRF) Bill 2023 in June this year to “strengthen the research eco-system in the country”. The Bill, after approval in the Parliament, will establish NRF, as an apex body to provide “high-level strategic direction” to scientific research in the country. This is done as per recommendations of the National Education Policy (NEP). Financial Outlay proposed under the bill is Rs. 50,000 crore during five years (2023-28). Other Key Highlights The Department of Science and Technology (DST) will be the administrative Department of NRF. It will be governed by a…

Cinematograph (Amendment) Bill, 2023

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Why in News – The Rajya Sabha recently passed the Cinematograph (Amendment) Bill, 2023 that introduces stringent anti-piracy provisions. – The amendment will expand the scope of the law from censorship to also cover copyright. – The Bill proposes stringent punishment for piracy. – A committee of experts chaired by filmmaker Shyam Benegal had in 2017 recommended amendments to the film censorship regime. The graded-age classifications are in line with the report of the committee. However, the government has not implemented the key recommendation of the committee that the CBFC’s power to require cuts be taken away. About The Cinematograph…

Stapled Visa

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Why in News China issued stapled visas to some of the sportspersons from Arunachal Pradesh representing the country in an international sporting event in China. The athletes were part of the 12-member team bound for the World University Games in Chengdu. India has lodged a strong protest with the Chinese side and said that it would respond suitably. About Stapled Visa  When the stamps of the country you are visiting, not placed on the passport, but on pages staple to it is called Stapled Visa. When the visitor leaves the country, his visa and entry and exit stamps are torn…

CURRENT AFFAIRS – 27/07/2023

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Shedding more light on the debt dilemma M. Govinda Rao is a former Member of the Fourteenth Finance Commission. He is currently Chief Economic Adviser, Brickwork Ratings The elevated levels of India’s fiscal deficit and public debt have been a matter of concern for a long time in India. Even before the COVID-19 pandemic, debt levels were among the highest in the developing world and emerging market economies. The pandemic pushed the envelope further and relative to GDP, the fiscal deficit in 2020-21 increased to 13.3% and the aggregate public debt to 89.6%. As the economy recovered after the pandemic,…