Intangible Cultural Heritage (ICH) of India
•Ministry of Culture has launched the draft National List of Intangible Cultural Heritage (ICH) of India
•It aims to raise awareness about the various intangible cultural heritage elements from different states of India at national and international level and ensure their protection
•List has more than 100 elements which also include 13 elements recognized by UNESCO as Intangible Cultural Heritage of Humanity
13 Indian the Intangible Cultural Heritages
1. Tradition of Vedic chanting
2. Ramlila, the traditional performance of the Ramayana
3. Kutiyattam, Sanskrit theatre
4. Ramman, religious festival and ritual theatre of the Garhwal Himalayas.
5. Mudiyettu, ritual theatre and dance drama of Kerala
6. Kalbelia folk songs and dances of Rajasthan
7. Chhau dance, Odisha
8. Buddhist chanting of Ladakh:
9. Sankirtana, ritual singing, drumming and dancing of Manipur
10. Traditional brass and copper craft of utensil making among the Thatheras of Jandiala Guru, Punjab
13. Kumbh Mela
Special Drawing Rights (SDR) by IMF
•India is not supporting a general allocation of new Special Drawing Rights (SDR) by the International Monetary Fund (IMF) because it feels it might not be effective in easing COVID-19-driven financial pressures
•[The new SDR allocation was supposed to provide all 189 members with new foreign exchange reserves with no conditions]
Special Drawing Rights (SDR)
•The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.
•The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling
•The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members.
[SDRs can be exchanged for these currencies]
World heritage day: 18th April
•Every year, 18th April is celebrated Worldwide as World Heritage Day to create awareness about Heritage among communities
•In 1982, the International Council on Monuments and Sites (ICOMOS) announced, 18 April as the “World Heritage Day”, approved by the General Assembly of UNESCO in 1983,
•With the aim of enhancing awareness of the importance of the cultural heritage of humankind, and redouble efforts to protect and conserve the human heritage.
▪️World Heritage site
•It is classified as a natural or man-made area or a structure that is of international importance, and a space which requires special protection.
•These sites are officially recognised by the UN and UNESCO.
•UNESCO believes that the sites classified as World Heritage are important for humanity, and they hold cultural and physical significance
•There are a total of 38 heritage sites in India.
[India ranks sixth in the largest number of heritage sites in the world.]
Theme of World Heritage Day 2020 : “Shared Culture’, ‘Shared heritage’ and ‘Shared responsibility
Ways and Means Advances (WMA)
~The Reserve Bank of India gives temporary loan facilities to the centre and state governments as a banker to government.[ This temporary loan facility is called Ways and Means Advances (WMA).]
•The WMA scheme was designed to meet temporary mismatches in the receipts and payments of the government.
•The WMA is to be vacated after 90 days. Interest rate for WMA is currently charged at the repo rate.
【Reserve Bank of India (RBI) has announced a 60% increase in the Ways and Means Advances (WMA) limit of state governments over and above the level as on March 31, with a view to enabling them “to undertake COVID-19 containment and mitigation efforts” and “to better plan their market borrowings”.】