World Investment Report 2020: UNCTAD
•The World Investment Report focuses on trends in Foreign Direct Investment (FDI) worldwide, at the regional and country levels and emerging measures to improve its contribution to development
•According to the report, global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion.
[This would bring global FDI below $1 trillion for the first time since 2005]
•However, the investment flows are expected to slowly recover by the start of 2022.
•India jumped from 12th position in 2018 to 9th position in 2019 among the world’s largest FDI recipients.
[In 2019, the FDI inflows into India jumped over 20% to $51 billion.]
【UNCTAD is a permanent intergovernmental body headquartered at Geneva in Switzerland.】
World Crocodile Day: 17th June
•The day is a global awareness campaign to highlight the plight of endangered crocodiles and alligators around the world
•India is home to three crocodilian species
1. Mugger : vulnerable (IUCN)
2. Saltwater Crocodile : least concern(IUCN)
3. Gharial : Critically Endangered (IUCN)
Indian Crocodile Conservation Project
•The project was launched in 1975 in different States
[As a result of the programme, the estimated number of the saltwater crocodiles increased from 96 in 1976 to 1,640 in 2012 in India]
•There is a need to utilise manpower, modern technology and funds to conduct a proper survey to find the real time status of the crocodile population in the country.
`It can be done through geo-tagging the animals so that their movements can be monitored to prevent human-crocodile conflicts.
•Recently, three Olms have been put on display in Slovenia’s Postojna Cave, where they hatched in 2016 in a rare successful breeding
•The Olms are eyeless (skin covered eyes) pink salamanders also known as the “baby dragon” and “human fish” for its pale skin-like colour.
•They feed on detritus and endemic cave vertebrates and hide in crevices or bottom sediment when disturbed. They can survive without food for up to 10 years.
•They have a powerful sensory system of smell, taste, hearing and electrosensitivity
•They are an entirely aquatic species and prefer waters ranging from 5-15°C.
【The olm requires clean water, and is therefore vulnerable to water pollution】
What is Karst Topography? : Any limestone or dolomitic region showing typical landforms produced by the action of groundwater through the processes of solution and deposition is called Karst topography
Largest decline in the Arctic Sea ice in the last 41 years
•Observed by National Centre of Polar and Ocean Research (NCPOR) [It is located in Goa]
•The decline in the Arctic Sea ice is due to global warming — leading to localised increase in evaporation, air humidity, cloud cover and rainfall.
•In the last 40 years (1979-2018), the sea ice has been declining at 4.7% per decade, while the current declining rate was found to be 13% in July 2019.
•Additionally, it has been predicted that if this trend continues, there would be no ice left in the Arctic Sea by 2050🙄!
•The decrease of the Arctic Sea ice area and the increase in the duration of summer and autumn seasons affected the local weather and climate over the Arctic Ocean and its marginal seas
AIIB has approved a $750 million loan to India
•To strengthen the country’s battle against the adverse impact of Covid-19 pandemic on poor and vulnerable households.
[Earlier, it had approved $500 million for ‘Covid-19 Emergency Response and Health Systems Preparedness Project’ initiated by India.]
•The support will go towards bolstering economic aid for businesses, including for the informal sector, expanding social safety nets for the needy, and strengthening the country’s health care systems.
[AIIB’s sovereign loans to India amounts to $3.06 billion.]
Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia.
•It is established by the AIIB Articles of Agreement (entered into force 25th December 2015) which is a multilateral treaty.
•Headquarters: Beijing, China
Axone or fermented soya bean
•Recently, Axone or fermented soya bean has become popular, which is eaten by many tribal communities in different parts of Northeast India especially in Nagaland
•Axone — also called as akhuni — is a fermented soya bean of Nagaland, known for its distinctive flavour and smell
•It is prepared and eaten across Nagaland mainly by the Sumi (also Sema) tribe.
•It belongs to the broader phenomena of fermentation necessary for food preservation in certain ecological contexts.
Fermentation gives it a distinct smell and taste.
75th World War II Victory Day Parade
•India has decided to send a contingent of 75 personnel from its three armed forces to participate in Russia’s 75th World War II Victory Day Parade on 24 June, 2020
•The Russian parade is held every year on Victory Day (May 9), which marks the surrender of Nazi Germany in 1945
[This year it was delayed because of the Covid-19.]
•India’s participation in the parade will be a mark of tribute and solidarity with the people of Russia.
•Defence remains the most significant aspect of India’s relations with Russia with both sides looking to encourage joint manufacturing of equipment under India’s Make-in-India programme and through transfer of technology
•In 2019, despite the threat of U.S. sanctions, India went ahead with the decision to purchase the S-400 missile defence system, worth over $5 billion.
•In 2019, India and Russia carried out a second joint tri-service exercise INDRA.
•In 2019, India also took part in Exercise TSENTR 2019 of the Russian Armed Force.