Current Affairs search results for: "WEF"
By admin: Nov. 29, 2022

1. A UN panel has recommended that Australia's Great Barrier Reef be listed as a World Heritage Site

Tags: Environment International News

Australia's Great Barrier Reef be listed as a World Heritage Site

A United Nations panel recommended on November 29, 2022 that Australia's Great Barrier Reef should be listed as a World Heritage Site that is "in danger".

Important facts

  • The world's largest coral reef ecosystem has been greatly affected by climate change and ocean warming.

  • Frequent bleaching events and La Nina are threatening the reef.

  • Bleaching occurs when water gets too warm, causing corals to expel the colourful algae living in their tissues and turn white.

  • Australia's recently elected government has pledged to spend A$1.2 billion ($800 million) over the coming years to protect the reef.

What are Coral reefs?

  • Coral reefs are one of the most biologically diverse marine ecosystems on Earth.

  • They play an important role in marine ecosystems and support habitats for flora and fauna in the ocean.

  • Each coral is called a polyp and thousands of such polyps live together to form a colony.

About Great Barrier Reef

  • It extends for 1400 miles along the north-east coast of Queensland, Australia and is the world's most extensive and rich coral reef ecosystem.

  • It is made up of more than 2,900 reefs and more than 900 islands.

  • It is the largest single structure in the world made by living organisms.

  • This reef was selected as a World Heritage Site in 1981.


By admin: Oct. 12, 2022

2. 3 Indian factories join WEF’s Global Lighthouse

Tags: Economy/Finance

Three Indian factories are amongst the 11 factories and industrial sites worldwide which have been added to the World Economic Forum’s (WEF) Global Lighthouse Network.  WEF announced the inclusion of Pharmaceuticals company Cipla’s Indore factory, Dr Reddy’s Laboratories’ Hyderabad factory and the FMCG Company Mondelez factory in Sri City (Andhra Pradesh) on11 October 2022. 

The Global Lighthouse Network is a community of over 100 manufacturers that are showing leadership in applying Fourth Industrial Revolution technologies such as artificial intelligence, 3D-printing and big data analytics. 

Incorporating advanced digital production (ADP) technologies into industrial production processes has given rise to the concept of Industry 4.0, also known as the Smart Factory.

In the 4IR, computers are connected and communicate with one another to ultimately make decisions without human involvement. 

Sustainability Lighthouse by the World Economic Forum (WEF).

Hindustan Unilever Limited (HUL) Dapada factory, which manufactures home care products including Surf Excel, Rin, and Vim, has been recognised as a Sustainability Lighthouse by the World Economic Forum (WEF).

This is the first Unilever site and the first company across sectors to achieve this status in India. This recognition comes on the back of the unit being accorded the designation of an advanced Fourth Industrial Revolution (4IR) Lighthouse earlier this year.

The unit has been recognised for its use of innovative solutions, specifically the use of machine learning and integrated energy management systems to reduce energy, water and material waste.

Fourth Industrial revolution 

The Fourth Industrial Revolution (4IR) is a term coined in 2016 by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.  

Incorporating advanced digital production (ADP) technologies into industrial production processes has given rise to the concept of Industry 4.0, also known as the Smart Factory.

In the 4IR, computers are connected and communicate with one another to ultimately make decisions without human involvement. 

World Economic Forum Headquarters : Geneva, Switzerland.

By admin: Sept. 29, 2022

3. Surging cost of inflation makes Global Recession most likely: World Economic Forum

Tags: Economy/Finance

 

In a report released on 28 September 2022, the World Economic Forum (WEF) said that due to persistently high inflation and fall in real wages continuing to fall, a global recession is becoming increasingly likely.

According to the WEF Chief Economists Outlook report, real wages are expected to continue falling across the world in 2022-2023 and the cost of living crisis is threatening social unrest, though inflationary pressures are expected to ease in the next year.

The survey of over 50 economists from the finance, insurance, professional services and technology industries, as well as international organizations and regional development banks, found that they expect reduced growth, stubbornly high inflation and continuing fall in real wages for the remainder of 2022 and 2023.

An average of seven out of ten economists consider a global recession to be at least "somewhat likely".

World Economic Forum (WEF)

The World Economic Forum was founded by German engineer, economist Professor Klaus Schwab as the European Management Forum, in Geneva, Switzerland.

In 1987 its name was changed to World Economic Forum.

The WEF engages the top political, business leaders of the world to influence and set the global, regional and Industry agenda.

It organises an annual meeting at Davos, Switzerland where world political and business leaders gathers to discuss international issues 

It releases following reports;

  • Global Gender Report;

  • Chief Economist Outlook; 

  • Global Risk Report;

  • Environmental Performance Report;

  • Global Competitive Index

Headquarters of WEF: Geneva, Switzerland

By admin: Aug. 18, 2022

4. Drone-based healthcare services launched in Arunachal Pradesh

Tags: State News

On August 15, 2022, in Arunachal Pradesh, the “Medicine from the Sky” project was successfully unveiled.


IMPORTANT FACTS -

  • The first flight of the drone service was conducted from Seppa to Chiang Tajo in East Kameng district.
  • The project is inspired by the Prime Minister's vision of transforming India into a drone hub of the world.

  • In Arunachal Pradesh, the pilot project “Medicine from the Sky Project” is being launched in collaboration with the World Economic Forum (WEF).

  • The “Medicine from the Sky Project” is funded by the United States Agency for International Development (USAID).

  • It is being implemented by Redwing Labs, a start-up based in Bengaluru.

  • The project will provide a clear vision on operational issues, regulatory issues and financial viability. Based on this, the government will formulate a policy and take steps to adopt the emerging technology in a phased manner.

About Arunachal Pradesh :

  • Capital- Itanagar

  • Governor- BD Mishra

  • Chief Minister- Pema Khandu

  • Legislative Assembly - 60 seats

  • Rajya Sabha - 1 seat

  • Lok Sabha - 2 seats

By admin: Aug. 3, 2022

5. African swine fever confirmed in Kannur, Kerala

Tags: State News

Recently, African Swine Fever has been confirmed for the first time in a private pig farm in Kerala, in the last ten days more than 15 pigs died on the farm due to the disease.

About African Swine Fever

  • African swine fever is a highly contagious hemorrhagic viral disease of domestic and wild boars.

  • It was first found in Africa in the 1920s.

  • Historically, infections have been reported in Africa and parts of Europe, South America, and the Caribbean.

  • However, since the year 2007, the disease has been reported in domestic and wild pigs in several countries in Africa, Asia and Europe.

  • It has a mortality rate of around 95-100% and there is no cure for this fever, so the only way to stop its spread is to kill animals.

  • African swine fever does not pose a threat to humans, as it only spreads from animal to animal.

  • African swine fever is a disease listed in the Animal Health Code of the World Organisation for Animal Health (OIE).

World animal health organisation

  • It is an intergovernmental organisation responsible for improving the health of animals around the world.

  • It currently has a total of 182 countries as its members. India is one of its member countries.

  • It develops standard documents relating to the rules by which member states can protect themselves from diseases and pathogens. One of these is the Regional Animal Health Code.

  • Its standards are recognized by the World Trade Organisation (WTO) as reference to the organisation's International Sanitation Rules.

  • Its headquarter is located in Paris (France).

By admin: July 14, 2022

6. India ranks 135 out of 146 in Global Gender Gap Index

Tags: International News

The World Economic Forum's (WEF) Annual Gender Gap Report 2022 was released on 13 July in Geneva. India is ranked 135th out of 146 countries in the Global Gender Gap Index, 2022.

India's position

  • India is the worst performing country in the world in the "Health and Survival" sub-index, where it ranks 146th.

  • India ranks worse than its neighbours and is behind Bangladesh (71), Nepal (96), Sri Lanka (110), Maldives (117) and Bhutan (126).

  • In South Asia, only Iran (143), Pakistan (145) and Afghanistan (146) performed worse than India.

  • In 2021, India was ranked 140 out of a total of 156 countries in the index.

The top 10 Countries

  • Iceland (90.8%) leads the global ranking.

  • Other Scandinavian countries such as Finland (86%, second), Norway (84.5%, third) and Sweden (82.2%) figure in the top five.

  • Sub-Saharan African countries Rwanda (81.1%, 6th) and Namibia (80.7%, 8th), a Latin American country, Nicaragua (81%, 7th), and a country from East Asia and the Pacific, New Zealand (84.1%, 4th) ranked in the top 10.

  • Other European countries such as Ireland (80.4%) and Germany (80.1%) are ranked ninth and tenth.

4 key dimensions

  1. Political Empowerment

This includes metrics such as the percentage of women in Parliament.

  1. Economic Participation and Opportunity

The metrics involved are, percentage of women who are part of the labor force, pay parity for equal work, earned income, etc.

  1. Educational Attainment

It includes metrics such as literacy rate and enrollment rate in primary, secondary and tertiary education.

  1. Health and Survival

This includes two metrics: the sex ratio at birth (in %) and healthy life expectancy (in years).

About Global Gender Gap Index

  • It is annually published by the World Economic Forum (WEF).

  • It was first introduced in 2006 to benchmark progress towards gender equality.

  • It is the 16th edition of the Global Gender Gap Report.

  • It tracks the progress of bridging the gender gap over time.

By admin: July 11, 2022

7. Defence Ministry launches 75 newly Artificial Intelligence products in New Delhi

Tags: Defence National News

Defence Minister Rajnath Singh inaugurated the first-ever ‘Artificial Intelligence in Defence’ (AIDef) symposium and exhibition, organised by the Department of Defence Production, Ministry of Defence, at Vigyan Bhawan in New Delhi on 11 July.

  • Important facts

  • The event featured an exhibition showcasing the latest AI-enabled solutions developed by research organisations, industry and start-ups and innovators and the launch of AI products for the market.

  • This is a major event where 75 newly developed AI products/technologies in Defence were launched as part of 'Azadi Ka Amrit Mahotsav'.

  • These products will promote the ‘Aatmanirbharta’ initiative in Defence.

  • These products are being tested and will soon be deployed in the security of the nation.

  • Apart from the 75 products being launched, another 100 are in various stages of development.

  • Panel discussions on 'Deploying AI in Defence', 'GenNext AI Solutions' and 'AI in Defence - Industry Perspective' were also held at the event.

  • Products are in the following domains-

  1. Automation/unmanned/robotics systems

  2. Cyber security and human behaviour analysis

  3. Intelligent monitoring system

  4. Logistics and supply chain management

  5. Control, Communication, Computer and Intelligence

  6. Surveillance and Reconnaissance (C4ISR) systems

  7. Operational data analytics

  • Artificial Intelligence in defence

  • The AI Task Force on Defence was set up in 2018 to provide a road map for promoting AI in defence.

  • A Defence AI Council, headed by the Defence Minister, is working in this direction.

  • The Defence Minister had announced that "25 defence-specific AI products" would be developed by 2024.

  • A Defence AI Project Agency (DAIPA) has also been created under the defence production secretary for AI-enabled projects.

  • The Navy is also building an AI Centre of Excellence at INS Valsura in Jamnagar, which already has a modern laboratory on AI and Big Data analysis.

  • What is Artificial Intelligence?

  • It is a broad branch of computer science that deals with the creation of smart machines capable of performing tasks that typically require human intelligence.

By admin: June 22, 2022

8. Sunil Chhetri becomes joint 5th highest goalscorer in international football history

Tags: Sports News

Indian men's football team captain Sunil Chhetri has become the joint fifth highest goalscorer in international football history.

  • Sunil Chhetri scored his 84th international goal against Hong Kong during the Asian Football Confederation (AFC) Asian Cup 2023 Qualifier and achieved the feat by equaling the record held by Real Madrid and Hungarian football legend Ferenc Puskas.

  • He is now behind only Portugal's Cristiano Ronaldo and Argentina's Lionel Messi among active footballers.

  • He is at number three after Ronaldo and Messi in the list of active footballers with international goals.

  • Cristiano Ronaldo tops the list of highest goalscorers in international football.

  • Top 5 International Goal Scorers in the World

  • Cristiano Ronaldo (Portugal) - 117 goals

  • Ali Dei (Iran) - 109 goals

  • Mokhtar Dahari (Malaysia) - 89 goals

  • Lionel Messi (Argentina) - 86 goals

  • Sunil Chhetri (India) and Ferenc Puskas (Hungary) - 84 goals

By admin: June 16, 2022

9. YSR Yantra Seva Scheme launched by Andhra Pradesh

Tags: Government Schemes State News

YSR Yantra Seva Scheme has been launched by the Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy.

  • About the Scheme

  • Chief Minister Jagan Mohan Reddy started this scheme from the village of Chuttugunta.

  • Under this scheme, tractors and combine harvesters will be provided to the farmers at low rates.

  • The total cost of this scheme is 2016 crores.

  • The government will give a 40 percent subsidy on all machinery and loans will also be provided to the farmers.

  • Apart from this, it was also decided by the state government to set up custom hiring centres in the entire state.

  • In this program, an amount of Rs 175 crore was sent to the accounts of 5260 farmers under the Ritu Bharosa scheme.

  • The Andhra Pradesh government aims to set up a total of 10,750 YSR Yantra Seva Kendras (CHCs).

  • About Andhra Pradesh State 

  • Historically, Andhra Pradesh has been called the "Rice Bowl of India".

  • Andhra Pradesh was formed on 1 November 1956.

  • Kuchipudi is the most famous classical dance form of the state.

  • Capital- Amravati

  • Official language - Telugu

  • Governor- Biswa Bhushan Harichandan

  • Chief Minister- Jagan Mohan Reddy (Congress)

  • Legislative Assembly seats- 176

  • Rajya Sabha Seats - 11

  • Lok Sabha seats - 25

By admin: June 16, 2022

10. Ministry of Textile inaugurated the 'Lota Shop' at National Crafts Museum, New Delhi

Tags: National News

The Ministry of Textile inaugurated the 'Lota Shop' at National Crafts Museum, New Delhi on 14 June.

  • Central Cottage Industries Corporation of India Limited (CCIC), popularly known as Central Cottage Industries Emporium, has opened 'Lota Shop'.

  • It displays the finest handicrafts, souvenirs, handicrafts and textiles based on the traditional craft forms of India.

  • It has immense potential to attract foreign tourists and buyers.

  • It will give a new direction to the handicrafts sector as well as the artisans in the light of the 'One Nation One Product' initiative launched by the Centre.

  • The centre is also working towards one district one product which will give impetus to the handicrafts sector as well as the artisans.

  • The museum provides accommodation facilities and also provides audio-visual facilities for the visitors.

  • What is One District One Product scheme?

  • It aims to realize the true potential of a district, promote economic development and generate employment and rural entrepreneurship.

  • The Ministry of Food Processing had entered into an agreement with NAFED to develop 10 brands into one district one product brand.

  • Of this, six brands have been launched till now.

  • All products will be available across NAFED markets, e-commerce platforms and leading retail stores across India.

  • It was launched by the Uttar Pradesh government in January, 2018, and was later adopted by the central government after seeing its success.

  • Its aim is to identify, promote and brand a product from one district.