05- June- 2021 Daily Current Affairs

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Consider the following statements with respect to Seniorcare Ageing Growth Engine (SAGE) Initiative

1. It aims to select, support and create a one-stop access of elderly care products and services by credible start-ups.

2. Ministry of Social Justice & Empowerment will act as a facilitator, enabling the elderly to access the products through these identified start-ups.

Which of the statement(s) given above is/are correct?

a.   1 only

b.   2 only

c.   Both 1 and 2

d.   Neither 1 nor 2

2)Consider the following statements with respective to DAVINCI+ Mission

1 It will try to understand Venus’ composition to analyse the formation and evolution of the planet.

2.It will try to return the first high resolution photographs of a geological feature that is unique to Venus.

3.It will also determine if active volcanoes are releasing water vapour into the atmosphere.

Which of the statement(s) given above is/are correct?

a.   1 and 2 only

b.   1 and 3 only

c.   2 and 3 only

d.   1, 2 and 3

3)Red Tourism is being promoted by which of the following countries?

a.   Bangladesh

b.   Philippines

c.   China

d.   Japan

Map of the Day

Important Features : Grampian Mountains, Cheviot Hills
Important Places : Glasgow, Edinburgh
North Channel : between Northern Ireland, Scotland and England

Prelims Specific Factual News

1) World Sustainable Development Summit was organised on June 4, on the eve of World Environment Day. Union Minister for Environment, Forest and Climate Change Prakash Javadekar, addressed the summit and underlined the importance of water conservation by adopting conservation technologies and changing water use habits.’

World Sustainable Development Summit 2021 was held under theme “Redefining our common future: Safe & Secure Environment for All”.

World Sustainable Development Summit is annual flagship event organised by The Energy and Resources Institute (TERI). Summit brings together political leaders, Nobel laureates, decision-makers from bilateral & multilateral institutions, scientists & researchers and media personnel to discuss issues related to sustainable development.

2) Archaeological Survey of India (ASI) has found three caves in Buddhist Caves Complex in Nasik, Maharashtra. Highlights Newly discovered caves are being discovered about two centuries after the British military officer documented Tri-Rashmi Buddhist caves, which is also called as Pandav Leni, on a hill in Nashik.

Pandavleni caves were earlier called as ‘Trirashmi caves’. These caves are a group of 25 caves, carved out of Tri-Rashmi Hill between 2nd century BC and 6th century AD. Vihara and the Chaitya are the main caves among 25 caves. Complex of the cave was documented in 1823 by Captain James Delamaine. It is an ASI protected site and a famous tourist destination.

3)Social Justice and Empowerment Minister, Thaawar chand Gehlot, will launch Senior care Ageing Growth Engine or SAGE project on June 4, 2021. What is SAGE project? SAGE project will be launched to select, support and create “one-stop access” of elderly care products and services provided by credible start-ups

4) What is EAGLE Act, 2021?

EAGLE Act is called as “Equal Access to Green cards for Legal Employment Act”. It proposes to phase out limit of seven per cent per-country on employment-based immigrant visas. It also seeks to raise seven per cent per-country limit to 15 percent on family-sponsored visas.

5) AAI : Airport Authority of India :-

It is a statutory body under the aegis of Ministry of Civil Aviation.

It is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India.

It was founded in 1995 and is headquartered in New Delhi.

It also provides Air traffic management (ATM) services over Indian airspace and adjoining oceanic areas.

It manages around 125 airports in India, which include 18 International Airport, 07 Customs Airports, 78 Domestic Airports and 26 Civil Enclaves at Defense airfields.

6)INS Sandhayak decommissioned :- The hydrographic survey ship was built indigenously.
The ship has also been an active participant in many significant operations such as Op Pawan (assisting the Indian Peace Keeping Force in Sri Lanka in 1987), Op Sarong, and Op Rainbow (rendering humanitarian assistance post 2004 Tsunami) and participated in the maiden joint Indo-US HADR Exercise ‘TigerTriumph’.

7)DAC nod for building 6 conventional submarines :- The DAC is headed by Defence Minister. The nod has been given for issuance of a Request For Proposal (RFP) for the construction of six conventional submarines under Project-75I at an estimated cost of ₹43,000 crore.

“This is a landmark approval, being the first case processed under the Strategic
Partnership (SP) model

The SP model of the Defence Procurement Procedure (DPP) aims to promote the role of Indian industry in manufacturing and build a domestic defence industrial ecosystem.

8) OMO :-

  • Open Market Operations (OMOs) are market operations conducted by RBI by way of sale/purchase of government securities to/from the market with an objective to adjust the rupee liquidity conditions in the market on a durable basis.
  • If there is excess liquidity, RBI resorts to sale of securities and sucks out the rupee liquidity.
  • Similarly, when the liquidity conditions are tight, RBI buys securities from the market, thereby releasing liquidity into the market.
  • It is one of the quantitative (to regulate or control the total volume of money) monetary policy tools which is employed by the central bank of a country to control the money supply in the economy.

Editorials of the Day

Today is 5th June the World Environment Day : the Editorials were regarding the Environment Protection.

Editorial 01 : The time to limit global warming is melting away

Author says that the time is ticking and we need to do something very quickly to save the Environment.

The Climate Action Tracker estimates that countries’ current emissions reduction targets have us on course for average temperature rises of 2.4°C. To limit warming to 1.5°C, we must halve global emissions by 2030. So this is the decisive decade.
This is what makes this year’s COP so critical, and as hosts of COP26, the U.K. is pressing for urgent action around four key goals.

  1. First, to keep 1.5°C within reach, globally, we need to reach net zero by the middle of this century. To achieve this we will need to take strong action over the next decade. In the U.K. we have found that setting ambitious short term targets backed up by a net zero target has given a clear signal that the future is low carbon.
  2. Our second goal is to protect people and nature from the worst effects of climate change. Even as the world has been dealing with the novel corona virus pandemic, the dangers of global warming have continued to become more evident.
  3. Our third goal is for developed countries to deliver the $100 billion they promised annually to support developing countries. The U.K. is pushing for all developed countries to increase their climate finance commitments ahead of COP-26. Also the Developing countries need technology along with finance if they have to shift towards Renewable Energy sources.
  4. Fourth, we must work together to deliver on these goals. That includes building consensus among governments for an ambitious, balanced and inclusive outcome — so that the negotiations in Glasgow are a success. As well as bringing businesses and civil society on board behind our COP26 goals, and building up international collaboration in critical sectors.

Also Author Highlights that India has been doings things keeping Environment in Mind like :-

  • Setting 450 GW Renewable Energy target by 2030.
  • International Solar Alliance and CDRI Initiatives have been taken by India
  • Key Role in Paris Agreement Deal targets
  • In 2018, the Prime Minister’s Science, Technology and Innovation Advisory Council (PMSTIAC) in consultation with the Ministry of Environment, Forest, and Climate Change and other Ministries approved an ambitious National Mission on Biodiversity and Human WellBeing (NMBHWB).
  • Author Also Suggests that more needs to be done to save biodiversity like focussing on the One Health Approach.

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