Preaload Image

In News:

India ranked 76th among 82 countries on the social mobility index of the World Economic Forum (WEF).

In Brief:

  • The index measures 82 countries on five key dimensions: health,education (access, quality and equity),technology,work (opportunities, wages, conditions), Protections and institutions (social protection and inclusive institutions).
  • India is among the 5 countries namely China, the United States(US), Japan and Germany which stands to gain most from boosting social mobility score.
  • It ranks 41st in lifelong learning , 53rd in working conditions, 76th in social protection and 79th in fair wage distribution
  • It has the second-highest level of workers in vulnerable employment behind Saudi Arabia.
  • Top 10 countries in the index:
    • Denmark
    • Norway
    • Finland
    • Sweden
    • Iceland
    • Netherlands
    • Switzerland
    • Austria
    • Belgium
    • Luxembourg
  • Among the G7 Countirs (group of 7) countries, Germany is the most socially mobile at rank 11t & score 78 points. It was followed by France at rank 12, Canada at rank 14, Japan at rank 15, the United Kingdom(UK) at rank 21, US at rank (27th) and Italy with 34th rank.

About WEF:

  • WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.
  • Aim: To improve the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
  • Reports Published by WEF:
    • Global Travel and Tourism Report
    • Global Competitiveness Report.
    • Global Information Technology Report,
    • Global Gender Gap Report.
    • Financial Development Report.
    • Global Enabling Trade Report.
    • Global Risks Report

India Among Top 10 FDI Recipients

In News:

India was among the top 10 recipients of foreign direct investment (FDI) in 2019, attracting $49 billion in inflows a 16 per cent rise over the previous year figures driving FDI growth in South Asia-UNCTAD.

In Brief:

  • According to the Global Investment Trend Monitor report released by the United Nations Conference on Trade and Development (UNCTAD) recently South Asia recorded a 10 per cent rise in FDI to $60 billion and India, with a 16 per cent increase in inflows to an estimated $49 billion. The majority went into services industries, including information technology.
  • The United States remained the largest recipient of FDI, followed by China with flows of $140 billion and Singapore with $110 billion.
  • China saw zero-growth in FDI inflows.The FDI in the United Kingdom was down 6 per cent.

IMF Lowers India’s Growth Forecast To 4.8%

In News:

The International Monetary Fund (IMF) lowered India’s economic growth forecast to 4.8 per cent for this fiscal year

In Brief:

  • It lowers forecast to 4.8 percent for this fiscal year owing to the crisis in the non-banking financial sector and weak rural demand.
  • The IMF projected India’s economy to grow by 5.8 per cent next year which is 1.2 percentage points less than its earlier forecast.

National Ganga Mission Begins Conservation Of Wet Lands Along The Ganges

In news:

The National Mission for Clean Ganga (NMCG) under its NamamiGange program has taken up an initiative to conserve the wetlands in Ganga River Basin

About News:

  • Sisir Kumar Rahto, Deputy Director-General of National Mission for Clean Ganga said, “The difference in the NamamiGange Project is primarily to rejuvenate the river through increasing the base flow and aquifers recharge and conservation of wetlands because that forms the part of one of our ‘AviralDhara’ which is to maintain the environmental flow in the river.
  • Ecosystem-based and community-led models of rejuvenation of wetlands for enhancing `Aviralta’ and `Nirmalta’ of the river and water conservation in the Ganga basin are being integrated into the NamamiGange Programme.
  • The first step-conserving wetlands in Uttarakhand, Uttar Pradesh, Bihar, Jharkhand, and West Bengal.
  • The NMCG along with the State Wetland authorities will identify and prepare plans in conserving wetlands.

About NMCG:

  • The primary aim of NamamiGange project is to rejuvenate the river by increasing its flow.
  • It also includes recharging aquifers and conservation of wetlands
  • It is the implementation wing of the National Council for Rejuvenation, Protection, and Management of River Ganga also known as National Ganga Council (set in 2016; which replaced the NRGBA).
  • NMCG was established in the year 2011 as a registered society.
  • It has a two-tier management structure and comprises of Governing Council and Executive Committee.
  • The aims and objectives of NMCG are:
    • To ensure effective control of pollution
    • Rejuvenation of the river Ganga by adopting a comprehensive planning and management.
    • To maintain minimum ecological flows in the river Ganga with the aim of ensuring water quality and environmentally sustainable development.

Key Functions

  • Implement the work programme of National Ganga River Basin Authority(NGRBA).
  • Implement the World Bank supported National Ganga River Basin Project
  • Coordinate and oversee the implementation of projects sanctioned by Government of India under NGRBA.
  • Undertake any additional work or functions as may be assigned by MoWR, RD&GJ in the area of conservation of river Ganga.
  • Make rules and regulations for the conduct of the affairs of the NMCG and add or amend, vary or rescind them from time to time.
  • Accept or to provide any grant of money, loan securities or property of any kind and to undertake and accept the management of any endowment trust, fund or donation not inconsistent with the objectives of NMCG.
  • Take all such action and to enter all such actions as may appear necessary or incidental for the achievements of the objectives of the NGRBA.