Daily Current Events by Civils360 November 8, 2017
Indian Ocean Region: Read Here
- India is working with like minded countries to preserve security, inviolability of the maritime domain .
- As the geopolitical importance shifted to IOR in 21st century, focus is on India to collectively secure and nurture our oceanic states.
- The move acquires significance in the wake of proposed quadrilateral meeting by Japan.
- It also shows India’s aspirations to be net security provider to the IOR region.
Demonetisation: Read Here
- Issue of job creation remains the biggest challenge for the government post demonetisation.
- Centre for Monitoring Indian Economy (CMIE) estimate that about 1.5 million jobs were lost during January-April 2017. This report came at the wake of NITI Aayog’s report that India also faces severe under employment in all sectors.
- lack of job opportunities is mirrored in the data sets for the government’s flagship skilling scheme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
- Several companies in sectors such as pharmaceutical and automobile, however, bucked the trend and saw a net addition to their employee numbers during the year.
- However, informal and unorganised economy has been hit hard by the effects of demonetisation.
Food Processing Policy: Read Here
- Maharashtra and Telengana have recently come up with states own Food Processing Policy.
- The formers policy lays out directions to procure farm produce directly from the farmers and not from traders.
- The government believes the move will help farmers double farm production as well as their income, create a robust market value chain.
Climate Change Meet: Read Here
- COP23 outlined problems in climate change negotiations despite UN report suggesting world is set to be warmer by 3.2 degree celcius by 2100.
- There exists no financial life raft for the small group of islands in Pacific Ocean under the Paris agreement, who are most hit by the effects of climate change.
- There are admissions among countries that Paris Agreement and mitigation efforts would not make sense without America’s full participation – both to curb emissions and to support finance through Global Climate Fund.
- India have pushed developed countries to reiterate their commitments to cut greenhouse gas emissions before 2020 and provide finance and technological support to developing countries.