06 September, 2019
0 Min Read
|GS-II||Eastern Economic Forum|
|Institution of Eminence Scheme|
|GS-III||Travel and Tourism Competitive Index 2019|
|Putting the pedal to the medal||Economic Issues|
|Mapping lightning across India|
GS-II: Eastern Economic Forum
The Plenary session of the 5th Eastern Economic Forum in Vladivostok.
Eastern Economic Forum
Why is Vladivostok significant to India?
What are Russia’s priorities now?
What are the concerns with Indo-Pacific strategy?
India’s interest in the Eastern Economic Forum
PM Modi has described the EEF as a “historic opportunity” to give new impetus to the cooperation between India and Russia.
He has said that the relationship between the two countries has “special chemistry, special ease”, even pointing out that Siberian cranes migrate to “my home state Gujarat”.
Extending to Act Far East Policy
The PM recalled that India was the first country in the world to open a consulate in Vladivostok, and underlined the age and depth of the country’s relations with the Far East.
Engaging closely with East Asia was in line with India’s policy goal of “Act East”.
PM also unveiled the “Act Far East” policy to boost India’s engagement with Russia’s Far East region.
This will also give a new dimension to our economic diplomacy.
GS-II: Institution of Eminence Scheme
The HRD Ministry has awarded the status of Institute of Eminence to the IIT-Madras, the IIT-Kharagpur, Delhi University, Benares Hindu University and the University of Hyderabad.Four private universities the Vellore Institute of Technology, Amrita Vishwa Vidyapeetham, Jamia Hamdard University and the Kalinga Institute of Industrial Technology were issued Letters of Intent to grant them the status. The new greenfield Bharti Institute, a project of Satya Bharti Foundation, has also been issued the letter.
Excellence and Innovation: To provide for higher education leading to excellence and innovations in such branches of knowledge as may be deemed fit at post-graduate, graduate and research degree levels.
Specialization: To engage in areas of specialization to make distinctive contributions to the objectives of the university education system.
Global Rating: To aim to be rated internationally for its teaching and research as a top hundred Institution in the world over time.
Quality teaching and Research: To provide for high quality teaching and research and for the advancement of knowledge and its dissemination.
Autonomy: Institution with OE tag will be given greater autonomy and freedom to decide fees, course durations and governance structures.
Grant: The public institutions under IOE tag will receive a government grant of ?1,000 crore, while the private institutions will not get any funding under the scheme.
GS-III: Travel and Tourism Competitive Index 2019
A report released by World Economic Forum ranking the travel and tourism competitiveness index of 140 economies was released.
About the Index
Spain, France, Germany, Japan and the United States are the world’s most travel-ready nations.
Japan remains Asia’s most competitive travel and tourism economy, ranking 4th globally.
China is the largest travel and tourism economy in Asia-Pacific and 13th most competitive globally.
GS-III: Putting the pedal to the medal
The automobile industry is cyclical. It is also a lead indicator for economic growth. And it has been experiencing signs of a slowdown. The decline began in the last quarter of the calendar year 2018 and intensified with the passage of every month in 2019.
Though the industry goes through cycles of ups and downs the current slowdown is something to worry about seriously. The current downturn is like nothing that the industry has seen in a long, time in terms of depth, scale, and character.
Commercial vehicles – Revision in axle-load norms
The government should reduce GST on automobile industry from 28% to 18% as per the demand of the industry but not for all the vehicles with manufactures and dealers.
GS-III: Mapping lightning across India
For the first time a report has mapped lightning strikes across the country, and the lives they have claimed.
About the report
It has been prepared by Climate Resilient Observing Systems Promotion Council (CROPC), a non-profit organisation that works closely with India Meteorological Department (IMD).
What has the report found?
Why are these finding are important
The report is part of an effort to create a database that can help develop an early warning system for lightning, spread awareness, and prevent deaths.
Between 2,000 and 2,500 people are estimated as killed every year in lightning strikes in the country.
It is possible to predict, 30-40 minutes in advance, when a lightning strike heads towards Earth.
The prediction is made possible through study and monitoring of the in-cloud lightning strikes.
Timely dissemination of this information can save several lives.
After carrying out a pilot project in 16 states, the IMD has begun providing lightning forecasts and warnings through mobile text messages from this year.
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