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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.