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Tuesday, July 12, 2022

Learn Finite PIB Compilation June 2022 PDF

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Learn Finite PIB Compilation June 2022 PDF

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THE HINDU NEWSPAPER IMPORTANT ARTICLES 12.07.2022

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Monday, July 11, 2022

Insights IAS Current Affairs June 2022 Mains 30 PDF

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Insights IAS Current Affairs June 2022 Mains 30 PDF

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Daily Current Affairs, 11th July 2022

19:59

 


1)  World Population Day 2022 observed globally on 11 July

•World Population Day is observed every year on July 11 to raise awareness about global population issues. The major purpose of this day is to raise awareness of all the negative impacts that population growth has had on the steady development of nature. Globally, this day is celebrated by organising seminars, discussions, educational sessions, public contests, slogans, workshops, debates, songs, etc.


World Population Day 2022: Theme


•The theme for this year is “A world of 8 billion: Towards a resilient future for all – Harnessing opportunities and ensuring rights and choices for all”. As the theme suggests, there are 8 billion people living today but not all of them have equal rights and opportunities.


2)  President of India attends the Yuva Sammelan hosted by “My Home India”

•The Yuva Sammelan, which was hosted by “My Home India” in New Delhi, was attended by Ram Nath Kovind, the President of India. The President stated that youth are a nation’s present and future when speaking at the event. Their skills have a distinct impact on elevating a nation. Therefore, it is reasonable to conclude that today’s youth will write tomorrow’s history. According to the President, there are more adolescents and young people in India than anywhere else in the world. This phenomenon, known as the “Demographic Dividend,” presents an opportunity for our nation.


3)  Union Minister Jitendra Singh to launch the IS4OM for Safe & Sustainable Space Environment

•With the help of the ISRO System for Safe and Sustainable Space Operation and Management (IS4OM), India has increased its ability to protect its space assets on its own. Mr. S Somanath, Secretary of the Department of Space and Chairman of the Indian Space Research Organization, are slated to officially launch the IS4OM in the presence of Dr. Jitendra Singh, Minister of Science and Technology, Earth Sciences.


4)  Union Bank launched Open Banking Sandbox and Metaverse Virtual Lounge

•Union Bank of India (UBI) has introduced a Metaverse Virtual Lounge – Uni-verse, & Open Banking Sandbox environment in collaboration with Tech Mahindra in an effort to elevate consumers’ banking experiences. In the beginning, movies and information on the bank’s deposits, loans, government assistance programmes, digital initiatives, etc. will be hosted by Uni-verse. Customers will receive a special banking experience thanks to it.


5)  Alvaro Lario named as new President of IFAD

•The governing council of the International Fund for Agricultural Development (IFAD) has been appointed as Spain’s Alvaro Lario new President. Lario will take office on 1 October 2022 and serve a four-year term. He will succeed Gilbert Houngbo who has led the organisation since 2017.


6)  Sri Lanka PM Ranil Wickremesinghe announces resignation

•Ranil Wickremesinghe has resigned as Sri Lankan prime minister to make way for an all-party government to take over. He will resign after an all-party government is established and the majority is secured in Parliament. Wickremesinghe will continue as Prime Minister until then. Meanwhile, 16 MPs of President Rajapaksa’s Sri Lanka Podujana Peramuna (SLPP) party in a letter requested him to resign immediately and make way for a leader who could command the majority in Parliament to lead the country.


•In the wake of the island nation’s worst economic crisis since it gained independence in 1948, people have been protesting against President Rajapaksa and his government, asking him to step down. The island nation of 22 million people has witnessed its foreign exchange reserves shrink due to economic mismanagement and the impact of the Covid-19 pandemic.


7)  Rajendra Prasad take charge as MD of National High Speed Rail Corporation Limited

•Rajendra Prasad has been appointed as the Managing Director of National High-Speed Rail Corporation Limited (NHSRCL) after the government dismissed Satish Agnihotri over corruption allegations. He is working as Director of Project with NHSRCL since November 2017 and is overall in charge of civil engineering works of the Mumbai Ahmedabad High-Speed Rail Project, popularly known as the Bullet Train Project.


8)  Coffee Board to collaborate with ISRO to develop climate-resistant varieties

•State-run Coffee Board is planning to focus on developing new varieties that will be resistant to the changing climatic patterns. A Memorandum of Understanding (MoU) between the Coffee Board and the Indian Space Research Organization (ISRO) was signed with regard to breeding climate-resilient varieties and assessing the carbon sequestration potential in coffee among others.


•The Central Coffee Research Institute (CCRI) in the Chikmagalur district of Karnataka conducts plant-related research activities under the Board in the areas of plant breeding, agronomy, agriculture chemistry and soil science, plant physiology, pathology, entomology, and post-harvest technology, among others. In recent years, coffee growers in the country have borne the brunt of changing climatic patterns. The number of extreme weather events affecting growers, such as excessive rain in a short period or deficit rainfall, is increasing.


9)  Wimbledon 2022: Novak Djokovic wins seventh title

•Serbia Novak Djokovic won a seventh Wimbledon men’s title and 21st Grand Slam crown with a four-set triumph over Nick Kyrgios. Kyrgios gave his best to challenge the more experienced rival in his first Major final, but he could take only one set, propelling Djokovic toward the 21st Major crown.

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Vision IAS Weekly Focus Quantum Technology in India: Exploring the possibilities ahead PDF

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The HINDU Notes – 11th July 2022

14:04

 


📰 The road to productivity

Investing in roads reduces travel time, increases economic output and helps upgrade human development

•It has taken a pandemic to know how important cities are. One reason why our progress towards a $5 trillion economy could be stifled is the pandemic-induced lockdowns in cities which play an important role in realising national and macroeconomic growth targets. Even as early in the pandemic as April 2020, a Barclays report found that “the absolute economic loss was likely the largest from the shutdown of Kuala Lumpur, Manila, Delhi and Mumbai, ranging from $1 billion-$1.7 billion per week.”

Travel time

•One aspect of cities that we know very little about, which contributes to their economic productivity, is that they are labour markets where the labour force exchanges their labour and creates knowledge spillovers. As the famous French planner Alain Bertaud points out, a lot of economic and productive activity takes place in cities and its jobs.

•There is no doubt that the commute time for the labour force to the workplace plays a very important role in determining their productivity in cities. The travel time to work was one of the slowest in our cities in 2016: Bengaluru being the slowest at 22 km per hour, Delhi at 25 km per hour, and Chennai the highest at 33 km per hour.

•Travel time continues to be long in our post-pandemic cities which are fiscally stressed and battling the problem of potholes following heavy rains. The longer the commute time in a city, the smaller is its effective labour market and vice-versa. While the nominal labour market of the city refers to all jobs created in the metropolitan area, the effective labour market refers to the jobs accessible within a certain commute. From the viewpoint of enlarging a city’s effective labour market and economic output, it is therefore very important to keep the commute time short and commuting cost cheap within a city as it keeps growing in population. It should be clear that a short commute is desirable not only from the micro perspective of the commuter who otherwise wastes time, health and productivity with the delays in traffic, but also from a macro, city-level perspective, to enable a large effective labour market. In this context, it is instructive to note that in the pre-pandemic period, firms in Bengaluru threatened to leave the city and relocate if the traffic problems were not fixed, as it was affecting the productivity of their employees.

•There is no doubt that the larger a city’s effective labour market, the greater its agglomeration economies and knowledge spillovers will be. A study found that within a 45-minute commute on public transit, only 66,427 jobs were accessible in the Phoenix metropolitan area in the U.S. compared to the nearly 2,02,724 jobs which were accessible in the Philadelphia metropolitan area within the same commute time, even though the two cities have the same population(about 1.6 million). Therefore, there is no doubt that Philadelphia’s effective labour market is bigger than its counterpart in Phoenix. This is reflected in the higher per capita income of $22,874 in Philadelphia compared to $21,907 in Phoenix in 2010.

A priority

•One way in which urban local bodies (ULBs) directly impact the city’s economic output is through their infrastructure. Why aren’t our cities investing adequately in roads? In recent research, taking the case of Karnataka’s cities, we found that road length has a positive effect on the city’s tax base. This is because roads lead to easy access to jobs and increased economic activity; that also gives the public more confidence and motivation to pay taxes. Our estimate indicated that for every one km increase in the road length of a ULB, there is an increase in the ULB’s own revenues by roughly ₹430 per capita. So, for a ULB with an average population of 78,415, the extent of increase in its own revenues can be to the extent of ₹33 million, for an increase of 1 km of roads per 1,000 of its population. So, cities should not view investment in road networks as expenditure; rather, roads add to the city’s revenue base which the city can use to improve infrastructure and public services. Even simple things such as fixing potholes and puddles on roads lead to significant reductions in travel time and should be an important city government priority.

•Investing in roads not only reduces travel time and enlarges effective labour markets of cities and their economic output, but also improves access to schooling for children as well as healthcare, thereby upgrading human development. This is indeed the road to the $5 trillion economy along with improvement in human well-being.

📰 What ails the current approach to Ayurveda

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Insights IAS Current Affairs Monthly Static Quiz Compilations June 2022 PDF

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Insights IAS Current Affairs Monthly Static Quiz Compilations June 2022 PDF

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THE HINDU NEWSPAPER IMPORTANT ARTICLES 11.07.2022

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Sunday, July 10, 2022

INSIGHTS IAS MAINS 2022 ENVIRONMENT EXCLUSIVE PDF

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INSIGHTS IAS MAINS 2022 ENVIRONMENT EXCLUSIVE PDF

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Friday, July 08, 2022

VISION IAS Mains 2022 Test 16 With Solution PDF

12:58

VISION IAS Mains 2022 Test 16 With Solution PDF

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