Skip to main content

Current Affairs - June 07, 2023

 World Bank cuts 2023 global growth forecast


 

  • Global economy will grow by 2.1% in 2023, as against 3.1% in 2022. 
  • India will grow slower by 6.3% in 2023 than 7.2% in 2022.
  • The U.S. economy is to grow by 1.1%.

About World Bank 

  • Type - International financial institution
  • Establishment - july 7, 1944 (at the Bretton Woods Conference)
  • Membership - 189 countries
  • Parent organization - World Bank Group
  • It is collective name of International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA)
  • Objective:- providing loans to developing countries across the world.


India's first low-carbon-glass produced by Saint-Gobain India

  • Saint-Gobain India, an Indian subsidiary of the French multinational firm, on June 6, 2023 announced the introduction of glass with low-carbon footprint from its World Glass Complex at Sriperumbadur.
  • It is India's first low carbon glass which will reduce carbon footprint by 40% approximately compared to our existing products.
  • It could be made on account of using two-third recycled content as raw material, natural gas and electricity from renewable energy sources. 
  • It will help in achieving Net Zero by 2050. 

 

Internet Economy to hit $1 trillion by 2023

  • As per report issued by Google, Bain & Company and Temasek, India's internet economy will achieve $1 trillion by 2023. 
  • Previous edition of the report in 2022 had showed that India's internet economy was to achieve $175 million. 
  • The key thrust is likely to come from 'Tier 2+ locations". It is because only 13% of the Indians live in metro and Tier-1 cities. 
  • HealthTech and InsurTech will demonstrate the largest expansion as they size at or less than $2 billion today. 

 

Iran unveiled new hypersonic missile - 'Fatah'

  • Iran created a hypersonic missile capable of traveling at 15 times the speed of sound.
  • It has a range upto 1400 km
  • It has maneuverable and trajectory features.
  • The more irregular the missile's flight path, the more difficult it becomes to intercept.
  •  The event has worried Washington as Iran is unfazed by the sanctions. 

 

 Narendra Modi's School to be developed as Modle Schoold called 'Prerna'

  • Prime Minister of India Narendra Modi's first school in his hometown, Vadnagar, in Mehsana distric of Gujara is being developed as a model school called 'Prerna'.
  • This initiative was raised to inspire youth of the country to become “catalysts of change”
  • 'Prerna' means 'Inspiration'.
 

508 districts in country are free of manual scavenging

  • As per the report of Ministry of Social Justice and Empowerment 508 of the 766 districts in the country have been declared free of manual scavenging. 
  •  NAMASTE scheme focuses on 100% mechanization of sewer work. 
  • The Union Budget for 2023-24 showed ₹100-crore allocation for the NAMASTE. 
  • The scheme will require over 4,800 urban local bodies across the country to identify and profile all septic tank/sewer workers in their respective areas, provide them occupational training and safety equipment, and sign them up for health insurance under the Ayushman Bharat scheme, among other interventions.
  • To incentivise mechanisation, the scheme also provides for capital subsidies for workers willing to mechanise their work and become empanelled with the local body concerned.
  • Manual scavenging refers to "manually cleaning, carrying, disposing of, or otherwise handling, human excreta  in an insanitary latrine or in an open drain or sewer or in a septic tank or a pit". Manual scavengers usually use hand tools such as buckets, brooms and shovels. The workers have to move the excreta, using brooms and tin plates, into baskets, which they carry to disposal locations sometimes several kilometers away.

 

Ban on sale of dog meat was quashed by the Nagaland High Court  

  •     The Nagaland High Court recently quashed the decision of the state government to blanket ban sale of dog meat in the state. 
  • The High Court observed that consumption of dog meat appears to be an accepted norm among Nagas.
  • High Court judgement came after three persons of the state filed a petition. 
 

Comments

Post a Comment

Popular posts from this blog

The Kushans: Extent of Empire, Regilious Policy, Development of Art, Architecture and Literature

  The Kushans (1st century CE to 3rd centrury CE) Also called Yuechis or Tocharians , the Kushans were nomadic people from the steppes of north Central Asia .  They first occupied Bactria or north Afghanistan where they displaced the Sakas .  They moved to Kabul valley and captured Gandhara by crossing the Hindu Kush . Here, they replaced Greeks and Parthians.  They eventually established their authority over the lower Indus basin and the greater part of the Gangetic basin . The Kushan empire in India was known as the Central Asian Empire . There were two successive dynasties Kushans - the first was founded by house of chiefs who were called Kadphises, and the second was founded by Kanishka.   Kushan ruler - Kadphises-I issued gold coins in the south of the Hindu Kush , while the second ruler Kadphises-II issued gold coins and spread his kingdom to the east of the Indus. Kanishka was the first famous Kushan ruler . Kanishka is known for two reasons -...
Post a Comment
Read more

The Lichchavi Kingdom (C 450 CE to C 750 CE)

About The Licchavi Kingdom The Lichchavis were the most powerful of the eight clans of Vajji janapad . Their capital was at Vaishali (Bihar).  They were an Indo-Aryan tribe who conquered the territory of the Maha-Videha kingdom and temporarily occupied the Videha capital of Mithila . Given to rising power of Magadha empire , Lichchavis established their republic in the southern part of Maha-Videha kingdom until the marginal location of Vaishali , which was their largest city and capital. To the south of Vaishali was situated the kingdom of Magadha with which relations of Vaishali were initially good. Chellana , the Lichchavi princes from Vaishali was married to Magadha king Bimbisara . Chellana was the second wife of Bimbisara. She gave birth to Ajatshatru , who did not care about relations and invaded and annexed Vaishali in Magadha empire. Republican Constitution of The Lichchavis According to Panini , the janapadas (territorial states) were generally headed by ekraja or on...
Post a Comment
Read more

The Gupta Empire (319 AD - 540 AD): Extension of the Empire; Development of Language and Literature; Art and Architecture.

 The Gupta Empire (319 AD - 540 AD) Gupta empire emerged on the ruins of the Kushan kingdom.  The empire orginated in Bihar and Uttar Pradesh and expanded in almost whole India excluding interior south and Kashmir.  Prayag was the nerve centre of their administration.  They were originally Vaishyas . The founder of the Gupta empire was Srigupta .  The empire witnessed three most important rulers - Chandragupta-I, Samudragupta and Chandragupta-II .  Extent of the Empire Three Gupta rulers  Chandragupta-I, Samudragupta snd Chandragupta-II Contributed the most to the expansion of the empire. Chandragupta I (AD 319 - 334) Marriage alliance was the tool of Chandragupta I for expansion of the empire. He married a Lichchavi princess from Nepal and strengthened his position. Since he married in a higher clan of kshatriya, he earned prestige.  Samudragupta (AD 335-380) He is given credit for the most of expansions of the empire.  Samudragupta w...
Post a Comment
Read more