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Monday, January 17, 2022

The HINDU Notes – 17th January 2022

16:53

 

📰 In Kohima, a cemetery with a tennis court

It is one of several World War II graves maintained by the Commonwealth War Graves Commission

•Nagaland’s capital Kohima probably has the only cemetery on earth that sports a tennis court.

•The United Kingdom-based Commonwealth War Graves Commission (CWGC) has listed five sites with unusual features. These sites are associated with World War I and World War II.

•The Kohima War Cemetery is one of 23,000 World War graves across the continents maintained by the CWGC, an intergovernmental organisation of six member-states who ensure the men and women who died in the wars will never be forgotten.

•Present-day Nagaland and adjoining Manipur comprised the only theatre of World War II in the Indian subcontinent.“In 1944, following hard fighting in the Burmese jungle, the Japanese forces in the region pushed across the Chindwin River and into India. In their path was the Fourteenth Army, made up of forces from across the Commonwealth,” the CWGC wrote on its site.

•“This invasion hinged upon two key points, (Manipur capital) Imphal and Kohima. Defeat for the Fourteenth Army here meant that the Japanese could strike further into India,” it said.

•Kohima was of key strategic importance, at the highest point of the pass through the jungle mountains to Dimapur, now Nagaland’s commercial hub adjoining Assam. The fall of Dimapur would have meant leaving the Allied defenders of Imphal at the mercy of the Japanese soldiers fighting alongside Subhash Chandra Bose’s Indian National Army.

•“On 3 April, a Japanese force of 15,000 attacked Kohima and its 2,500-strong garrison. The ridges at Kohima lead to two weeks of difficult, bloody fighting as the defending forces were pushed back to the former house of the British Deputy Commissioner,” the CWGC said.

•The lawn of this house had a tennis court where the British officers played for recreation.

•“The surviving defenders, encamped around the garden tennis court, prepared for their final stand. As the Japanese forces prepared to attack, they were attacked in turn by the lead tanks of a relief force, saving the garrison and pushing the attackers back,” the CWGC said.

•Despite this setback, the Japanese force continued to fight for Kohima before they were finally forced to withdraw in May. Those who had fallen in the defence of Kohima were buried on the battlefield, which later became a permanent CWGC cemetery, with further burials from the surrounding areas,” it added.

•Designer Colin St. Clair Oakes incorporated the tennis court into the design of the cemetery.

•Among the other unusual sites listed by CWGC are the World War I “crater cemeteries” – Zivy Crater and Litchfield Crater – in the Pas de Calais region in France. The craters were caused by mine explosions.

•Another site listed is the Nicosia (Waynes Keep) Cemetery or the “cemetery in no man’s land” in Cyprus, requiring the presence of armed guards. This is because the cemetery is on the border of a patch of land disputed between the southern and northern parts of the island since the 1970s.

📰 Friend in need: On India-Sri Lanka ties

India and Sri Lanka have shown an ability to quickly act on promises to each other

•External Affairs Minister S. Jaishankar’s virtual meeting with Sri Lanka’s Finance Minister Basil Rajapaksa on Saturday, with an assurance that India will support Sri Lanka “in all possible ways for overcoming the economic and other challenges posed by COVID-19 pandemic”, was significant and timely. A crucial week lies ahead for the Sri Lankan economy, when President Gotabaya Rajapaksa must make a decision on whether to service debts to bonds with an instalment of $500 million due on January 18, or to default for the first time ever, given the island’s precarious finances. Mr. Gotabaya is expected to address Parliament this week on how he will deal with the economic crisis. This includes a credit crunch, a slump in GDP spurred by COVID-19 losses to tourism, exports and remittances, foreign reserves that dwindled from $7.5 bn in 2019 to $1.6 bn in November 2021, and pending debt repayments of more than $7 bn expected in 2022. The most immediate problems come from rising unrest. In the preceding weeks, the Rajapaksa government reached out to India and China, which are most likely to help given their respective interests in the island. Mr. Gotabaya even received a visit from Chinese Foreign Minister Wang Yi, who discussed a full debt restructure of Sri Lankan borrowings. Beijing has also extended a currency swap arrangement of $1.5 billion. It was to India, however, that Mr. Rajapaksa turned with a humanitarian appeal and SOS. Mr. Jaishankar, Finance Minister Nirmala Sitharaman and Mr. Basil decided on a “four-pronged” initiative, that included Lines of Credit (LoC) towards the import of fuel, food and medicines, currency swap and debt deferrals from India to Sri Lanka, as well as the conclusion of the Trinco-oil farms project.

•Matters have moved swiftly since Mr. Basil’s visit and it is heartening that the Trincomalee project MoU was signed earlier this month after decades of delays. Subsequently, India has extended $400 million under the “SAARC currency swap” arrangement and agreed to a partial deferral of a $500 million settlement from Sri Lanka by two months; the $1.5 bn LoC for essential imports is reportedly under way. It would be naive to assume that New Delhi’s assistance will paper over other problems in the complex relations between India and Sri Lanka. Amongst other issues, the friction over fishermen’s rights and pending political solution for war-torn Tamil areas remain sticking points, while concerns over Colombo’s strategic ties with China have often led to open disagreements. It is important to note, however, that in times of peril, New Delhi and Colombo have established a robust channel of communication and demonstrated an ability to act on promises quickly, proving that adage about friends (and neighbours) in need.

📰 A ‘lifeline’, animal farmed

The recent transplant of a pig’s heart into a man highlights the close connection between species

•A few days ago, from the midst of the daily gloom of COVID-19, came uplifting news of a pathbreaking surgical procedure in a New York hospital. A pig’s heart was successfully transplanted into a 57-year-old man dying of heart failure. The ‘xenotransplant’, as interspecies transplants are called, was a reminder of the endless possibilities to treat otherwise untreatable diseases.

•Transplantation to replace failing organs is one of the spectacular achievements of medicine in the last century. The number of transplants has increased, the list of organs transplanted has grown and outcomes have got better. But the field is also a victim of its own success as the numbers of those needing transplants now far outnumbers the availability of human organs. Both living and dead humans are being sourced as donors but because of scientific, ethical and social challenges, the number of human donors remains restricted. The desperation for organs also creates a fertile ground to lure the vulnerable to sell their organs as we witnessed in the recent kidney scandal in Assam.

•Given organ shortage, it is intuitive that scientists would turn to animals. It also overcomes another hurdle in human to human transplant; one does not have to seek consent from an animal which can be sacrificed for the organ. Of course not all agree with such a narrow utilitarian approach.

Brief history

•The use of animal organs to replace diseased human ones is a very old idea. Some of the earliest blood transfusions were from animals. Early kidney and liver transplants were attempted from baboons and chimpanzees as these primates were considered closest to humans. In the early 1960s, a surgeon called Reemtsma in New Orleans performed 13 chimpanzee to human kidney transplants. One of the recipients, a schoolteacher, went back to work and lived for 90 days. However, most of these transplants failed and were gradually given up.

•The interest in pigs as a source of human organs is recent. There are several reasons why scientists have now zoomed in on these otherwise shunned creatures as a source. One interesting reason is that in the western world, it is socially more acceptable to breed pigs for this purpose. From a scientific viewpoint, pigs are genetically modifiable to reduce the chances of rejection by the human body. There are concerns about the transmission of pig viruses through the transplant but this barrier has also been partly overcome by bio protection and genetic manipulation. But COVID-19 will regnite this debate.

•In what sounds somewhat dystopian, there are now companies breeding genetically modified pigs in special farms for the express purpose of transplantation. One such U.S.-based company Revivicor supplied the pig heart for the New York transplant.

•Will this transplant boost xenotransplantation? Will this mean the end of organ shortage? Even the most optimistic scientists will agree that these are still open questions but the developed world is inching in this direction. It is a matter of time before more xenotransplants are attempted. When this happens, there will be the question of whether the organ will function in the long term. And, whether it will transmit hitherto unknown diseases to humans. A dying individual offered a xenotransplant as the only life-saving option may not care for such questions.

•The animal rights movement is not impressed. PETA has decried the pig heart transplant. It said: “Animals aren’t tool-sheds to be raided but complex, intelligent beings. It would be better for them and healthier for humans to leave them alone and seek cures using modern science.” Coming from meat-eating countries, this sounds somewhat paradoxical. The easy public acceptance of the pig compared to other animals as a source says something about our double standards.

•There was a curious fallout of the New York case in India. The local media suddenly remembered the bizarre story of a heart transplant attempted by a surgeon called Baruah in the 1990s. Some went on to describe this as the world’s first attempt. Baruah, working out of his Guwahati clinic, had transplanted the lung and heart of a pig into 32-year-old Purno Saikia. It was clearly a premature experiment using an unsuspecting poor Indian as a guinea pig. It ended in disaster for the patient and Baruah who was struck off his medical degree.

•Though somewhat shaken by COVID-19, humanity’s desire to prolong life at all costs is a given. An increasingly common cause of death and suffering is end stage failure of critical organs (heart and liver). And since new organs replace failing ones successfully, we will continue to widen the net for sourcing them. But in our quest towards immortality, recent events show that in good and bad ways, our lives depend not only on other humans but also on other species cohabiting the planet; all creatures big and small.

📰 Storm warnings of a megacity collapse

What urban India needs today is not flashy retrofitted ‘smart’ enclaves but sound, functional metropolitan cities

•The unpredicted spell of staggering rain over Chennai on December 30, 2021 capped a season of repeated monsoon inundation and urban paralysis, coming as a stark reminder to political leaders that they are underestimating the risk of urban collapse due to extreme weather events.

•Tamil Nadu’s capital, with an international airport and a major seaport, was gridlocked after heavy rain at the tail end of the northeast monsoon, presenting a dystopian picture of ambulance sirens wailing in still traffic, people deserting vehicles to walk to rail terminals in blinding rain and workers unable to return home until late in the night. The nightmare revived memories of the great deluge of 2015, although the death toll was not comparable. Suburban gated communities on the city’s IT corridor and inner city residents alike were affected, and COVID-19 was momentarily forgotten, as rail and Metro lines were quickly overwhelmed.

A non-starter

•The catastrophic 2015 flood, an unprecedented event, raised expectations of a major shift in priorities for urban development. That deluge was akin to the great flood of 2005 in Mumbai, which too raised hopes that policies would be redrawn. In spite of immense community support and active mobilisation for change, both cities witnessed a regression, as informality remained dominant, laws were just on paper, and unsustainable changes were made to the urban environment. Permanent, elite constructions were favoured at the cost of ecology.

•The monsoon of 2021 in Chennai, with its black swan evening of 24 cm rain, raises a question: would urban development be more sustainable and equitable if the guiding principle is climate change? This new approach would prioritise ecological and sustainability concerns over aesthetics, and reject market-oriented ‘fantasy plans’, as some scholars describe an increasingly flashy vision of urbanisation. While green roofs, electric vehicles and solar power would be welcome, they would not replace conservation of natural flood plains, rivers, mangroves, marshes and gardens. It would be the future-proofing that India’s cities need, to avert sudden dysfunction caused by climate events.

Report’s inputs

•In its report on Reforms in Urban Planning Capacity in India (September 2021), NITI Aayog cites the COVID-19 pandemic as a revelatory moment that underscores the dire need for all cities to become healthy cities by 2030. Climate impacts are certain to affect cities even more fundamentally and permanently.

•Consistent with the approach of the present Central government, NITI Aayog recommends 500 priority cities to be included in a competitive framework, adopting participatory planning tools, surveys and focus group discussions to assess the needs and aspirations of citizens. There is considerable importance given to technological tools, private sector talent and mapping strategies to identify a city’s assets and to plan spatially. What is needed is a central role for democratically-elected local governments, to ensure greater inclusion and a sense of community. In Tamil Nadu, urban local bodies have not had elections for a decade, while the long coastline of the State has been hit by cyclones that have crippled Chennai and other towns.

It is multidimensional

•All dimensions of a city’s growth, starting with affordable housing, play a central role in adapting to future climate change. They can lower carbon emissions growth even during infrastructure creation if biophilic design and green materials are used. A large volume of new housing stock is being created in the 7,933 urban settlements in the country today, of which the bulk is in a small number of million-plus cities.

•Less than half of all cities have master plans, and even these are ruled by informality, since both influential elites and the poor encroach upon commons such as wetlands and river banks, as Chennai and Mumbai have witnessed. After a catastrophic flood, the emphasis is on encroachment removal directed almost entirely at the less affluent.

•A top-level department for climate change adaptation is best suited to serve as a unifier, bringing all relevant departments in a State, such as housing and urban development, transport, water supply, energy, land use, public works and irrigation to work with elected local governments that set priorities and become accountable. Neglect of municipal councils, lack of empowerment and failure to build capacity among municipal authorities have produced frequent urban paralysis in extreme weather. In Chennai, the focus after every flood has been on the storm water drain network, while commercial encroachment of the vast marshland in Pallikaranai, a natural sponge for the city, gets insufficient attention. This experience echoes the fate of encroachments along Mumbai’s Mithi river, where the Mithi River Development and Protection Authority, after the 2005 flood, favoured removal of dwellings, while sparing ‘permanent structures’ that were too big to touch.

Leaning on market forces

•The encroachment of important commons reflects the extreme dependence on market forces to supply affordable urban houses. In Chennai, speculative values have outpriced the middle class and young workers aspiring for their first home, sending them out of the city to relatively cheaper suburbs. Most of these suburban investments do not reflect their true value, even if they are layouts ‘approved’ by the Chennai Metropolitan Development Authority, because outlying town panchayats have little capacity or funds to create even basic infrastructure such as water supply, sanitation and roads.

•For many residents, monsoon 2021 was no different from others before it. They may live in gated towers along the IT corridor but they struggled to stay afloat, using boats or trucks to get supplies and to travel. Such images rarely get media play, as they represent the unflattering reality of high house prices. Suburban home buyers would gladly transfer some part of the price for infrastructure building, rather than let it be cornered solely by speculators. Now that Chennai is working on a new master plan and a climate action plan, with planned investments in infrastructure including Metro rail links to the western and southern suburbs, it should introduce regulation to ensure value capture.

A familiar story

•Loose metropolitan boundaries with little control over neighbouring local governments produce amorphous building regulations. In Chennai’s case, unplanned densification is occurring in three neighbouring districts which are linked to the core city by local transport and are hence part of a larger metropolitan area. Here, traditional natural assets such as wetlands, reservoirs and watercourses are being lost rapidly. This is typical of other major Indian cities as well, where population growth at the peripheries has been accelerated by anomalous land and housing price increases at the core and absence of adequate good rental housing.

•India’s cities will continue to be drivers of economic growth with significant production and consumption, but that sunrise story is threatened by unsustainable urban development in the era of climate change. The experiences of Mumbai earlier and Chennai recently are storm warnings, and greater centralisation of governance can do little to address this. The need today is not for flashy retrofitted ‘smart’ urban enclaves but sound, functional metropolitan cities that can handle floods, heat waves, pollution and mass mobility to keep the engines of the economy running. Urban India would otherwise turn into a subprime investment.

📰 Taxing cryptocurrency transactions

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INSIGHTS IAS CURRENT AFFAIRS STATIC QUIZ DECEMBER 2021 PDF

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THE HINDU NEWSPAPER IMPORTANT ARTICLES 17.01.2022

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Sunday, January 16, 2022

INSIGHTS IAS CURRENT AFFAIRS DECEMBER 2021 PDF

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Saturday, January 15, 2022

Daily Current Affairs, 15th January 2022

20:04

 


1)  Indian Army Day observed on 15 January

•The Army Day in India is celebrated on 15 January every year, to salute the valiant soldiers who sacrificed their lives to protect the country and its citizens. This year marks the 74th Indian Army Day. The day is marked to commemorate the day when General (later Field Marshal) KM Carriappa took over the command of the Army from General Sir FRR Bucher, the last British Commander-in-Chief in 1949 and became the first Commander-in-Chief of Indian Army post Independence.


2)  20th Dhaka International Film Festival begins 2022

•The 20th Dhaka International Film Festival begins at Dhaka, Bangladesh. The festival will showcase 225 films from 70 countries under 10 categories will be screened across various venues in Dhaka between 15-23 January. The film festival is being organized in a hybrid mode with many films being streamed online during the festival. The DIFF will also organise the 8th edition of the ‘Women in Cinema’ international conference, as well as the 4th edition of the ‘West meets East’ screenplay lab during the festival.


3)  India’s forex reserves declines by $878 mn to $632.7 bn

•As per the weekly Reserve Bank of India (RBI) data, the foreign exchange reserves of India declined by $878 million to USD 632.736 billion in the week ended January 7, 2022. In the previous week ended December 31, India’s reserves dropped by $1.466 billion to $633.614 billion. The decline was mainly due to a fall in gold reserves and foreign currency assets (FCA). In the reporting week, FCAs decreased by $497 million to $569.392 billion.


•Gold reserves declined by $360 million to $39.044 billion. The special drawing rights (SDRs) with the International Monetary Fund (IMF) fell by $16 million to $19.098 billion. India’s reserve position with the IMF dipped by $5 million to $5.202 billion.


4)  India give support to Sri Lanka to overcome forex crisis

•India has announced financial assistance of USD 900 million loans to Sri Lanka to help the island nation in building up its depleted foreign reserves and for food imports. It must be noted that Sri Lanka is currently facing a shortage of almost all essential commodities due to a shortage of dollars to pay for the imports. India is extending its support through the Reserve Bank of India (RBI). The Indian High Commissioner to Sri Lanka Gopal Baglay met Cabraal and expressed India’s strong support to Sri Lanka in the wake of RBI extending over USD 900 million facilities.


•These comprise deferment of Asian Clearing Union settlement of over USD 509 million and currency swap of USD 400 million. Sri Lanka is currently experiencing a shortage of almost all essentials due to a shortage of dollars to pay for the imports. Additionally, power cuts are imposed at peak hours as the state power entity is unable to obtain fuel to run turbines. The state fuel entity has stopped oil supplies as the electricity board has large unpaid bills. The only refinery was shut as it was unable to pay dollars for crude imports.


5)  Philippines to purchase BrahMos cruise missiles from India

•Philippines has become the first foreign country to place an order for the purchase of the BrahMos Shore-Based cruise Missile System for its navy. This agreement will give a big boost to India’s defence manufacturing system. The estimated deal cost is worth $374,9 million. The BrahMos Aerospace Pvt Ltd will supply the missile, under the Shore-Based Anti-Ship Missile System Acquisition Project, for Philippine Navy.


6)  Daniel Ortega sworn in as President of Nicaragua for 5th term

•Nicaraguan President José Daniel Ortega Saavedra, leader of the Sandinista National Liberation Front (FSLN), was sworn in for a new presidential term. This marks his 5th term and 4th consecutive term as the President of Nicaragua. He will remain in the office until January 2027. He received the presidential sash from Gustavo Porras, head of the National Assembly. Ortega’s first stint in power ended in 1990 and upon returning as president in 2007, he quickly set about gaining control of key state institutions.


7)  NIRAMAI & InnAccel received Global Women’s Health Tech Awards

•The award recognizes innovative startups that leverage tech to improve women’s health and safety. NIRAMAI Health Analytix was selected for early-stage breast cancer medical device. InnAccel was selected for Fetal Lite, AI-powered fetal heart rate (FHR) monitor.


•The award recognises innovative startups that use technology to improve women’s health and safety in emerging markets. Launched in August 2021, the Awards attracted over 70 companies from 35 countries, which submitted their innovative products and services under three categories: reproductive health and pregnancy, general women’s and adolescent health, and women safety and security.


8)  ‘North East on Wheels Expedition’ launched to promote Culture of Northeastern States

•Minister of State for Culture, Meenakashi Lekhi has launched the ‘North East on Wheels Expedition’ in New Delhi to promote the Culture of Northeastern States. The Bike Expedition is scheduled between 8th to 16th April this year to mark the celebrations of Azadi Ka Amrit Mahotsav.


•75 Bikers participating in this expedition will be selected from all over the country and will cover about 9000 km in the North East Region in 6 groups. The expedition will also promote the Dekho Apna Desh initiative of the Ministry of Tourism. The Riders will also carry the message of the importance of Road Safety.

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Daily Current Affairs, 14th January 2022

19:57

 


1)  PM Modi inaugurated MSME Technology Centre

•On the occasion of the National Youth Day 2022, Prime Minister Narendra Modi virtually inaugurated an ‘MSME Technology Centre’, which will function under the Union Ministry of Micro, Small and Medium Enterprises (MSME), in Puducherry. The technology centre was built at a cost of Rs 122 crore with a focus on the Electronic System Design and Manufacturing (ESDM) Sector.


•The centre was inaugurated during the inauguration event of the 25th National youth Festival (12th & 13th January 2022) in Puducherry. He also inaugurated the ‘Perunthalaivar Kamarajar Manimandapam’, a modern auditorium with an open-air theatre in Puducherry.


2)  18th Kachai Lemon Festival begins in Manipur 2022

•The 18th edition of the two days long Kachai Lemon Festival began in Manipur at the Local Ground of Kachai Village in Ukhrul district. The Kachai Lemon Festival is organised annually to promote this unique kind of lemon fruit and to encourage lemon farmers. This year, altogether 260 stalls are put up at the festival showcasing the rich reap of lemon this year. This year the festival is being organised under the theme ‘Organic Kachai Lemon for Safe Environment and Rural Transformation’. A training program for lemon farmers will be held tomorrow as part of the festival.


•Kachai Lemon of Manipur has been accorded Geographical Indication (GI) registration tag and widely grown in the Kachai Village of Ukhrul district. Unlike the other lemon varieties grown in other parts of the world, Kachai Lemon is considered to be unique as it is a rich source of ascorbic acid and famous for its juice content.


3)  UN projects India GDP at 6.5% in FY22

•The GDP growth forecast of India in fiscal 2022 is estimated to grow at 6.5 per cent as per the United Nations World Economic Situation and Prospects (WESP) 2022 report. Earlier this was estimated at 8.4%. The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA). UN has projected the growth rate for fiscal 2023 (FY 2022-2023) at 5.9 per cent.


On a calendar year basis UN has projected India’s GDP as follows:


•2021 – 9 per cent

•2022 – 6.7 per cent

•2023 – 6.1 per cent


Globally:


•2021 – 5.5 per cent

•2022 – 4.0 per cent

•2023 – 3.5 per cent


4)  Cyprus detects new ‘Deltacron’ Covid variant

•Cyprus has detected a new variant dubbed as “Deltacron”, that has a similar genetic background to the Delta variant, coupled with 10 mutations from Omicron. The variant has already affected 25 people in Cyprus. According to Dr Leondios Kostrikis, the head of the laboratory of biotechnology and molecular virology at the University of Cyprus, of the 25 samples taken in Cyprus, 11 were hospitalised due to the virus, while 14 were from the general population.


•The new variant from the lineage named B.1.640.2 is believed to have infected 12 people in the country, according to the yet-to-be peer-reviewed study supported by the French government. Studies have shown that the co-existence of Delta and Omicron increases the chances of a new variant as a result of them trading genes.


5)  Raghuvendra Tanwar appointed chairman of ICHR

•Professor emeritus, Kurukshetra University, Raghuvendra Tanwar has been appointed as chairman of the Indian Council of Historical Research (ICHR). Tanwar appointment is for a period of three years from the day he assumes the office of the Chairman of the Council or until further order. Tanwar, who joined Kurukshetra University as a lecturer in August 1977, has an outstanding academic record, with two gold medals in MA History.


6)  ISRO successfully tests Cryogenic Engine for Gaganyaan Rocket

•Indian Space Research Organisation (ISRO) has successfully conducted the qualification test of Cryogenic Engine for Gaganyaan programme for a duration of 720 seconds at ISRO Propulsion Complex (IPRC), Mahendragiri, Tamil Nadu. According to the space agency, the performance of the engine met the test objectives and the engine parameters were closely matching with the predictions during the entire duration of the test.


•This successful long-duration test is a major milestone for the Human Space Programme – Gaganyaan. It ensures the reliability and robustness of the cryogenic engine for induction into the human-rated launch vehicle for Gaganyaan. Further, this engine will undergo four more tests for a cumulative duration of 1810 seconds. Subsequently, one more engine will undergo two short-duration tests & one long-duration test to complete the cryogenic engine qualification for Gaganyaan Programme.


7)  Adani Group sign agreement with South Korea’s POSCO to develop steel mill

•Adani Group and South Korea’s largest steelmaker POSCO have signed a non-binding memorandum of understanding (MoU) to explore business opportunities in India. This includes the establishment of a green, environment-friendly integrated steel mill at Mundra, Gujarat. The estimated investment of the project is up to $5 billion (approx. Rs 37,000 crore). The non-binding MoU also intends to collaborate at the group business level in various other sectors such as renewable energy, hydrogen, and logistics in response to carbon reduction requirements.


•The alliance is a significant move for the diversified Adani Group, which has interests in logistics, ports, airports, mining, power generation and distribution, renewable energy, gas and infrastructure. Adani has recently announced major investment plans as part of an ambitious plan to become the world’s top renewable energy company. The group is also venturing into new-age businesses with plans for a super app and investing big in data centres.


8)  ISFR Report: India’s forest & tree cover rose by 2,261 sq km in last 2 years

•Union Environment Minister, Bhupender Yadav has launched the 17th edition of the biennial ‘India State of Forest Report (ISFR)’ 2021. ISFR is released by the Forest Survey of India (FSI), every two years since 1987 to assess the country’s forest resources. India’s forest and tree cover rose by 2,261 square kilometres in ISFR 2021 as compared to the assessment of 2019. This includes an increase of 1,540 square kilometres in forest cover and a 721 sq km increase in tree cover.


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The HINDU Notes – 14th January 2022

19:42

 


📰 Forest, tree cover in India up by 2,261 sq km in two years

A.P. followed by Telangana, Odisha saw most increase: report

•Forest and tree cover in the country had increased by 2,261 square kilometres since the last assessment in 2019, according to the India State of Forest Report-2021 released on Thursday.

•Releasing the report, Environment and Forest Minister Bhupender Yadav said the total forest and tree cover was 80.9 million hectares, which accounted for 24.62% of the geographical area of the country. The report said 17 States and Union Territories had more than 33% of their area under forest cover. Mr. Yadav said the Narendra Modi government’s focus was to enrich the forests qualitatively.

•The report found that there had been a 1,540 sq km increase in forest cover and 721 sq km increase in tree cover since the last report in 2019.

Top 3 States

•“Increase in forest cover has been observed in open forest followed by very dense forest. Top three States showing increase in forest cover are Andhra Pradesh (647 sq km) followed by Telangana (632 sq km) and Odisha (537 sq km),” a Ministry statement said.

•Madhya Pradesh had the largest forest cover, followed by Arunachal Pradesh, Chhattisgarh, Odisha and Maharashtra. The top five States in terms of forest cover as a percentage of their total geographical area were Mizoram (84.53%), Arunachal Pradesh (79.33%), Meghalaya (76.00%), Manipur (74.34%) and Nagaland (73.90%).

Mangrove cover

•The total mangrove cover in the country had increased by 17 sq km, to reach 4,992 sq km. The total carbon stock in forests was estimated to be 7,204 million tonnes, an increase of 79.4 million tonnes from 2019.

•The Ministry said the survey used mid-resolution satellite data, followed by “rigorous ground truthing” and information from other sources.

•“The accuracy level achieved in the current assessment is significantly high. The accuracy of forest cover classification has been assessed 92.99%. The accuracy of classification between forest and non-forest classes has been assessed 95.79% against internationally accepted accuracy of classification of more than 85%,” the Ministry said.

📰 India extends $900 mn aid to Sri Lanka

It includes a $400 mn currency swap and deferred payment of $500 mn

•India on Thursday confirmed a $400 million currency swap with Sri Lanka while deferring another $500 million due for settlement to the Asian Clearing Union (ACU), in a move aimed at helping the island nation witnessing an unprecedented economic crisis.

•In a tweet on Thursday, the Indian mission in Colombo said High Commissioner Gopal Baglay met Central Bank Governor Ajith Nivard Cabraal and expressed “India’s strong support to Sri Lanka” in the wake of the Reserve Bank of India extending facilities of $900 million over the last week.

•“Had an excellent discussion with Indian High Commissioner to #SriLanka HE Gopal Baglay at my office this morning where he confirmed the #SAARC #SWAP by RBI and other forms of bilateral cooperation,” Mr. Cabraal said in a tweet.

•India’s assistance follows a request from Sri Lanka during Finance Minister Basil Rajapaksa’s visit to New Delhi in December, for emergency financial assistance, including Lines of Credit for importing essentials and a currency swap to boost Sri Lanka’s draining foreign reserves. Sri Lanka is facing a severe dollar crunch that economists say might lead to a default on external debt and create a food shortage in the imports-reliant island nation. Colombo must service over $7 billion outstanding debt in 2022, including bond repayments of $500 million in January and $1 billion in July.

•The Central Bank of Sri Lanka has expressed confidence about paying off the foreign debt. Ruling out an IMF bailout, Governor Cabraal on Wednesday said Colombo is in talks with Beijing for a new loan, in addition to the $500 million loan and $1.5 billion currency swap extended by Beijing as pandemic-time support. The request, according to local media reports, was also discussed during Chinese Foreign Minister Wang Yi’s visit to Colombo last week. Sri Lanka owes China over $5 billion already, and Colombo has requested Beijing to restructure it to provide some relief.

•The developments have prompted political commentators in Sri Lanka to pit India and China against each other, in providing timely assistance to the island nation.

•In July 2020, the RBI extended a similar swap facility — of $400 million — to help Sri Lanka cope with the impact of the first wave of the pandemic, and later provided a three-month roll over until February 2021, when the Central Bank of Sri Lanka settled it.

•Thursday’s announcement on RBI assistance includes deferring the payment of $500 million that Sri Lanka owes to the ACU, a regional initiative with the Central Banks and Monetary Authorities of Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka.

‘Leveraging Trinco deal’

•Significantly, India’s confirmation of the swap comes a week after the two countries signed a long-pending agreement on jointly developing the strategically located Trincomalee oil tank farm along the north-eastern coast of the island. Diplomatic sources had earlier indicated that any financial support from New Delhi to Colombo would have to follow the signing of the deal. While RBI’s assistance seeks to help Sri Lanka meet its immediate challenge, the Trincomalee project has long-term implications both, in terms of investment from New Delhi and its strategic interests in the Indian Ocean.

•“India ranks third in the world in oil consumption, and it is predicted that India’s requirement will increase 50 % by the year 2030. Keeping these realities in mind, we have to appreciate what developing the Trincomalee facility can bring to each of our countries, and to the bilateral relationship,” said Milinda Moragoda, Sri Lanka’s High Commissioner to New Delhi.

•Apart from the obvious potential for storage in Trincomalee, the recent agreement gives both countries an opportunity to elevate “transactional” ties to a more “strategic level”, he told The Hindu, recalling a proposal made in the “roadmap" on bilateral ties he presented while taking charge in New Delhi last year.

•Much would depend on putting in place a business plan swiftly, Mr. Moragoda emphasised. As per the agreement, Indian Oil Corporation subsidiary Lanka IOC would operate 14 tanks for 50 years, the Ceylon Petroleum Corporation would run 24 tanks, while a joint venture set up by the CPC with Lanka IOC would operate 61 tanks in the facility spanning some 850 acres. Refurbishing each tank is expected to cost at least $ 100 million. “The sooner we evolve a sound business plan, the better this project will work for both countries,” he said.

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