Goaltide Daily Current Affairs 2023
Current Affair 1:
‘Match – Motive’ Framework for Migration
The World Development Report is an annual flagship publication of the World Bank which provides an in-depth comprehensive assessment of a topic related to global development issues. The first edition was published in 1978.
The framework is recommended by this report only.
‘Match – motive’ Framework has been recommended to help policy formulation
A Match – Motive Framework that focuses on two factors- how closely migrants’ skills and attributes match the needs of destination countries and what motives underlie their movements has been proposed. With this approach, policy makers will be able to identify priority areas, differentiate among the different types of movements and design migration policies for each of these movements.
Further, it also called for origin countries to make migration a part of their development strategy and for destination countries to use “strong match” migration to meet their labour needs. Destination countries were recommended to facilitate the inclusion of migrants and address social impacts that raise concerns among their citizens.
India received the highest remittances in 2021
The benefits from migration for the origin countries include remittances, knowledge transfers, and positive impacts on the labour market. Remittances help improve the income of the country, consumption, and allows increased households’ spending on health and education. India is the biggest recipient of remittances in 2021 with $ 89.38 billion and World Bank had estimated that India would cross the $100 billion milestone in 2022.
Current Affair 2:
1st Census of Water Bodies
Ministry of Jal Shakti has launched the 1st Census of Water Bodies in convergence with the 6th Minor Irrigation (MI) Census under the Centrally Sponsored Scheme “Irrigation Census”. The objective of the Census of Water Bodies is to develop a national database for all water bodies by collecting information on all important aspects of the subject including their size, condition, status of encroachments, use, storage capacity, status of filling up of storage etc.
Current Affair 3:
South Asia Regional Energy Partnership (SAREP)
USAID through its flagship clean energy program, the South Asia Regional Energy Partnership (SAREP) is organizing the region’s first clean energy conference, South Asia Clean Energy Forum (SACEF) from May 2 to 4, 2023, in New Delhi, India.
The forum aims to bring together South Asia’s clean energy community to discuss the challenges, opportunities, and pathways to scale up and accelerate the clean energy transition in the region.
United States Agency for International Development
USAID is the world's premier international development agency and a catalytic actor driving development results. USAID's work advances U.S. national security and economic prosperity, demonstrates American generosity, and promotes a path to recipient self-reliance and resilience.
Current Affair 4:
RBI has recently issued framework for acceptance of 'Green Deposits'
Meaning of green deposits green deposits are essentially deposits raised for the purpose of utilizing the proceeds towards financing of “green” projects/ activities.
It is to be noted that such deposits are denominated in Indian rupees only.
“Green Deposit” means an interest-bearing deposit, received by the Regulated Entities (like Banks & NBFCs) for a fixed period and the proceeds of which are earmarked for being allocated towards green finance. (Some NBFCs are allowed to accept Fixed/Time deposits). The green deposits shall be denominated in Indian Rupees only. Interest rates on green deposits will be decided by the Banks/NBFCs.
“Green Finance” means lending to and/or investing in the activities/projects which encourage energy efficiency in resource utilisation, reduce carbon emissions and greenhouse gases, promote climate resilience and/or adaptation and value and improve natural ecosystems and biodiversity.
“Greenwashing” means the practice of marketing products/services as green, when in fact they do not meet requirements to be defined as green activities/projects.
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