Importance of Persian Gulf Region
•The Persian Gulf is a mediterranean sea in Western Asia
[United Nations defines this body of water as the Persian Gulf.]
•The Persian Gulf is an arm of the Arabian Sea between the mountainous coast of southwestern Iran and the rather flat coast of Arabian Peninsula.
•The lands around the Persian Gulf are shared by eight countries-
7. Saudi Arabia,
8. United Arab Emirates.
•The area has approximately two-thirds of the world’s estimated proven oil reserves and one-third of the world’s estimated proven natural gas reserves.
[This factor has added to their geopolitical significance]
•India is dependent on the six Gulf Cooperation Council (GCC) states for 42 per cent of its overall oil imports; three of the top five oil suppliers to India are Gulf states.
•Indians make up the Gulf states’ largest expatriate community, with an estimated 7.6 million Indian nationals living and working in the region(especially in Saudi Arabia and the UAE.)
Liberalised Remittance Scheme (LRS) in Pandemic era
•Liberalised Remittance Scheme is the scheme of the Reserve Bank of India, introduced in the year 2004.
[Under the scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) ]
•According to data released by the Reserve Bank of India, the amount of money Indians send abroad has witnessed a 61% decline under the Liberalised Remittance Scheme (LRS) as Covid-19 and the lockdown cripple the global economy and ground international travel
•In April 2020, Indians remitted $499.14 million under the Liberalised Remittance Scheme (LRS) — a 61% decline from $1,287.91 million in the same month last year.
[The monthly outward flow in April 2020 is lowest since February 2016 when it was $449.28 million.]
•Earlier, Resident Indians have remitted a record $18,750 million under LRS in the financial year ended March 31, 2020.
•Money Sent for Studies Abroad: This has also seen a sharp decline of 68.85% — $78.76 million in April this year from $252.84 million in the corresponding month last year.
[Over 7 lakh Indian students pursued studies in foreign institutions in 2018]
Online Dispute Resolution(ODR)
•It is the resolution of disputes, particularly small and medium-value cases, using digital technology and techniques of Alternate Dispute Resolution (ADR), such as negotiation, mediation and arbitration.
[It utilises information technology to carry out ADR.]
•Recently, the NITI Aayog, in association with Agami and Omidyar Network India, brought together key stakeholders in a virtual meeting for advancing Online Dispute Resolution (ODR) in India
•Senior judges of the Supreme Court, secretaries from key government ministries, leaders of the industry, legal experts and general counsels of leading enterprises participated in it.
Establishment of 3 mega educational complexes exclusively for tribal students in Odisha
•The complexes will be established in tribal-dominated districts such as Keonjhar, Sundargarh and Mayurbhanj
•Each complex will house 3,000 tribal students, which is a unique initiative in the field of tribal education
•These complexes will have state of the art facilities to improve educational and sporting skills of tribal students from Standard I to XII.
•According to the 2011 Census, tribal people constitute 8.6% of the nation’s total population [Odisha’s tribal population constitutes 9.17% of the country’s tribal population(Highest)]
•Similarly, of India’s total 75 particularly vulnerable tribal groups, 13 reside in Odisha
1. The Kothari Commission stressed to pay special attention to the education of ST.
2. The XaXa Committee recommended a greater focus on removing gender disparity in education.
Online NAIMISHA 2020- Summer Art Program ( 8th June 2020 to 3rd July 2020)
•NAIMISHA 2020 is an initiative to provide a chance to participants and art enthusiasts to create and learn from practising artists
•The exhibition of selected artworks from the program will be displayed on So’ham, the cultural media platform of NGMA.
•It is the first cultural media platform of India, under the banner of NGMA.
•The platform aims to develop a dialogue between NGMA, artists and art enthusiasts.
•It is inspired by the Vedic philosophy of So’ham, which stands for one’s identity and its connection to the universe
【National Gallery of Modern Art (NGMA), New Delhi will organise online NAIMISHA 2020- Summer Art Program】2