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Wednesday, January 22, 2020

Prelims booster(Micro notes), current affairs with static portions - 22 January,2020

Carbon Disclosure Project(CDP)
  • The CDP is a global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts.
  • It's  aimed at measuring the carbon reduction activities undertaken by different companies and firms operating in various countries across the globe.
  • Carbon disclosure project India  has released a annual report  base on carbon reduction activities of companies.
  • countries performance USA top>Japan>UK>France.
  • The boards of 98% of the firms directly monitor climate change risks with top management integrating these concerns in performance evaluation.
  • 2/3rd of the 59 firms that were surveyed use climate analysis tools to formulate their business strategies.
  • Indian farms key focus area -renewable energy 23 companies reported renewable energy target in in 2019, a 44% rise over 2018 and Infosys, Dalmia Cement and Tata Motors have reported 100% renewable energy consumption.
Time to Care report
  • A report titled- “Time to Care”-has been released by Oxfam International base on  the alleviation of global poverty.
  • world had 2,153 billionaires in the world in 2019 ,number of billionaires has doubled in the last decade despite their combined wealth having declined in 2018.
  • From 2011 to 2017, average wages in G7 countries grew 3%, while dividends to wealthy shareholders increased by 31%.
  • Globally, 42% of working-age women are outside the paid labour force, compared with 6% of men, due to unpaid care responsibilities.
  • India’s richest 1% hold more than four-times the wealth held by the bottom 70% of the country’s population and  total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19(Rs 24,42,200 crore.)
  • Concerns:-Economic inequality is out of control,wealth and power into the hands of a rich few and exploiting the labour of women and girls, and systematically violating their rights.
National Startup Advisory Council
National Startup Advisory Council
  • The Central Government has notified the structure of the National Startup Advisory Council being set up to advise the government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
  • The Council will be chaired by Minster for Commerce & Industry.
  • Aims to drive sustainable economic growth and generate large scale employment opportunities.
  • It will consist of the non-official members, to be nominated by Central Government, from various categories like founders of successful startups, veterans  etc.
  • The term of the non-official members of the Startup Advisory Council will be for a period of two years.
  • The nominees of the concerned Ministries/Departments/Organisations, not below the rank of Joint Secretary to the Government of India, will be ex-officio members of the Council.
UN Commission on International Trade Law (UNCITRAL)
  • An International Arbitration Tribunal has dismissed all claims brought against India in entirety.
  • The arbitration arose out of the cancellation of Letters of Intent for the issuance of telecom licences to provide 2G services in five telecommunications circles by reason of India’s essential security interests.
  • The UN Commission on International Trade Law (UNCITRAL) is a subsidiary body of the U.N. General Assembly(Established in 1966) .
  • It is responsible for helping to facilitate international trade and investment.
  • The Tribunal constituted in accordance with the UNCITRAL Arbitration Rules 1976 is seated at the Hague, Netherlands, and proceedings are administered by the Permanent Court of Arbitration.
  • Annual sessions held alternately in New York City and Vienna( headquartered)

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