{"id":14916,"date":"2021-04-23T00:00:00","date_gmt":"2021-04-23T00:00:00","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/uncategorized\/23-04-2021\/facts-in-news-133\/"},"modified":"2025-07-12T15:26:12","modified_gmt":"2025-07-12T09:56:12","slug":"facts-in-news-133","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/23-04-2021\/facts-in-news-133","title":{"rendered":"Facts in News"},"content":{"rendered":"<div>\n<table style=\"border-collapse: collapse; border: none; width: 624px;\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td style=\"background-color: #f6b26b; vertical-align: top; width: 155px; border: 1px solid #000000;\" colspan=\"2\">\n<h2 style=\"text-align: center;\"><span style=\"font-size: 16pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><span style=\"background-color: #00ff00;\"><u>Facts in News<\/u><\/span><\/span><\/span><\/span><\/h2>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #cfe2f3; vertical-align: top; width: 155px; border: 1px solid #000000;\">\n<h3><span style=\"font-size: 13.999999999999998pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #434343;\">Blue Nature Alliance<\/span><\/span><\/span><\/h3>\n<\/td>\n<td style=\"background-color: #efefef; vertical-align: top; width: 469px; border: 1px solid #000000;\">\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It is a <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>collaboration led by Conservation International<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">, The Pew Charitable Trusts, the Global Environment Facility, Minderoo Foundation and the Rob and Melani Walton Foundation.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Launch:<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> April 20, 2021<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Aim:<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> To protect 5% of the world ocean in five years.<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">To protect and conserve the large areas of the ocean from damaging fishing practices, pollution, and climate change.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Target areas: <\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Antarctica, Seychelles, Canada, Palau, Western Indian Ocean, Fiji, Tristan da Cunha, an island in the South Atlantic Ocean.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Need: <\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Oceans are integral to human survival, helping to regulate rainfall, weather, and even oxygen levels in the air.<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">According to the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Marine Protection Atlas<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">, around 7% of global oceans have been designated as protected areas, but only 2.7% is considered &#8220;fully protected.&#8221;<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Marine Protection Atlas<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> was launched by the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Marine Conservation Institute in 2012<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> to provide the best available information on marine protection all over the world.\u00a0\u00a0<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #efefef; vertical-align: top; width: 155px; border: 1px solid #000000;\">\n<h3><span style=\"font-size: 13.999999999999998pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #434343;\">United Nations&#8217; Economic and Social Council (UN ECOSOC)<\/span><\/span><\/span><\/h3>\n<\/td>\n<td style=\"background-color: #cfe2f3; vertical-align: top; width: 469px; border: 1px solid #000000;\">\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">India has been elected to three key bodies of the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>United Nations&#8217; Economic and Social Council (UN ECOSOC)<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The three year term begins on January 1, 2022.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">These bodies are:<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Commission on Crime Prevention and Criminal Justice (CCPCJ)<\/strong><\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Based in Vienna.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It acts as the principal policy-making body of the United Nations in the field of crime prevention and criminal justice.\u00a0<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The CCPCJ has 40 member states that are elected by ECOSOC.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Executive Board of UN Women<\/strong><\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">UN Women is about gender issues.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The Executive Board of UN Women consists of 41 members.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Executive Board of the World Food Programme<\/strong><\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It is WFP&#8217;s supreme governing body.\u00a0<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: square;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Comprising 36 states members of the United Nations or Member Nations of the Food and Agriculture Organization of the United Nations (FAO), the board provides intergovernmental support, policy direction and supervision of the activities of WFP.\u00a0<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>UN ECOSOC:\u00a0<\/strong><\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>One of the six principal organs<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> of the United Nations. It was established by the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>UN Charter in 1945.<\/strong><\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Responsible for coordination, policy review and recommendations on social, economic and environmental issues.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">On 14 September 2020, India was elected as a member of the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>United Nation\u2019s Commission on Status of Women (UNCSW)<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">, an ECOSOC body.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><img decoding=\"async\" style=\"height: 233px; width: 302px;\" src=\"https:\/\/cfstatic.nextias.com\/cdn-cgi\/image\/format=auto\/file_library\/mix_content\/87105229841135020_image.png\" \/><\/span><\/span><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Image Courtesy: <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #1155cc;\"><u>UN<\/u><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #cfe2f3; border-bottom: 1px solid #cccccc; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: top; width: 155px;\">\n<h3><span style=\"font-size: 13.999999999999998pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #434343;\">Van Dhan Vikas Yojana<\/span><\/span><\/span><\/h3>\n<\/td>\n<td style=\"background-color: #efefef; vertical-align: top; width: 469px; border: 1px solid #000000;\">\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Van Dhan Vikas Yojana <\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">is promoting and backing tribal entrepreneurship in a big way.<\/span><\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">It was launched on <\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>14th April 2018.<\/strong><\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">It is a component of the <\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>\u2018Mechanism for Marketing of<\/strong><\/span><\/span><\/span> <span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>Minor Forest Produce (MFP)<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> through <\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>Minimum Support Price (MSP)<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> and Development of Value Chain for MFP\u2019.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">MFP includes all n<\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>on-timber forest produce<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> of plant origin.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">MSP is a system of agriculture in India, in which the government <\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>declares the purchase price of certain crops<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> and guarantees them in case the farmer is unable to garner such prices in the open market.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">It is an initiative of the<\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong> Ministry of Tribal Affairs<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">The<\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong> Tribal Cooperative Marketing Development Federation of India (TRIFED)<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> as the nodal agency at the National level.<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">TRIFED is the <\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>apex national organisation<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> involved in the improvement of the livelihood and empowerment of these tribal people.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">It is a<\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong> 100% centrally funded scheme.<\/strong><\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>Aims: <\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">To improve tribal income through value addition of MFP like non-timber items such as bamboo and other grasses, edible or useful roots, seeds, fruits, flowers and plants, etc.<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong>Collection and sale of MFPs contribute 40-60 % of tribal annual earnings<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> and further value addition helps in tripling or quadrupling their income.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">A large number of tribal community owned<\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"><strong> Van Dhan Vikas Kendras (VDVKs)<\/strong><\/span><\/span><\/span><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\"> have been set up in predominantly forested tribal districts.<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 10pt;\"><span style=\"font-family: Roboto,sans-serif;\"><span style=\"color: #212529;\">A \u2018Kendra\u2019 generally constitute 15 tribal Self Help Groups (SHGs), each comprising up to 20 tribal non-timber MFP gatherers or artisans, i.e. about 300 beneficiaries per Van Dhan Kendra.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #efefef; vertical-align: bottom; width: 155px; border: 1px solid #cccccc;\">\n<h2><span style=\"font-size: 16pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">M Narasimham\u00a0<\/span><\/span><\/span><\/h2>\n<\/td>\n<td style=\"background-color: #cfe2f3; border-bottom: 1px solid #000000; border-left: 1px solid #cccccc; border-right: 1px solid #000000; border-top: 1px solid #000000; vertical-align: top; width: 469px;\">\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Former Reserve Bank of India <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Governor Maidavolu Narasimham<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">, famously known as the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>father of<\/strong><\/span><\/span><\/span> <span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Indian banking reforms<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">, passed away<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">He was awarded <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Padma Vibhushan <\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">award in the year 2000.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Role and Contributions<\/strong><\/span><\/span><\/span><\/p>\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">He was the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>13th governor of RBI<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> and he served as the central bank head from May 2, 1977, to November 30, 1977.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">After his short term as RBI governor, he served as India&#8217;s executive director at the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>World Bank and later at the International Monetary Fund (IMF<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">).<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">He was the first and so far the only governor to be appointed from the Reserve Bank cadre, having joined the Bank as a <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Research Officer in the Economics Department.<\/strong><\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Committees headed:<\/strong><\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Committee on Financial System, 1991<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">: It was set up by then finance minister Manmohan Singh as part of the overall economic reforms.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>The Committee of Banking Sector Reforms, 1998:<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It recommended the dilution of government equity in nationalized banks to<\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong> 33%<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> and suggested that the RBI nominees on bank boards step down.\u00a0<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It also recommended a phased reduction in the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Statutory Liquidity Ratio<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> to 25% over five years.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Narasimham is also credited with recommending the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>setting up of regional rural banks (RRBs)<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> as subsidiaries of public sector banks.\u00a0<\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong><img decoding=\"async\" style=\"height: 225px; margin-left: 60px; margin-right: 60px; width: 300px;\" src=\"https:\/\/cfstatic.nextias.com\/cdn-cgi\/image\/format=auto\/file_library\/mix_content\/791544031011384200_image.png\" \/><\/strong><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #cfe2f3; border-bottom: 1px solid #000000; border-left: 1px solid #000000; border-right: 1px solid #000000; border-top: 1px solid #cccccc; vertical-align: top; width: 155px;\">\n<h2><span style=\"font-size: 16pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Global Youth Mobilization Local Solutions campaign<\/span><\/span><\/span><\/h2>\n<\/td>\n<td style=\"background-color: #efefef; vertical-align: top; width: 469px; border: 1px solid #000000;\">\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">United Nations agencies and youth organisations have come together to launch a unique campaign named the <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Global Youth Mobilization Local Solutions<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> to<\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong> involve the youth of the world<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> in building their lives impacted by the novel<\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong> coronavirus disease (COVID-19) pandemic.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It is mandated to<\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong> fund youth in communities<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> impacted by the pandemic to take up innovative programmes to rebuild lives.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">It is being supported by six of the world\u2019s largest youth organisations:<\/span><\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">World Alliance of Young Men\u2019s Christian Associations<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">World Young Women\u2019s Christian Association<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">World Organization of the Scout Movement<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">World Association of Girl Guides and Girl Scouts<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The International Federation of Red Cross and Red Crescent Societies<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The Duke of Edinburgh\u2019s International Award<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #efefef; vertical-align: top; width: 155px; border: 1px solid #000000;\">\n<h2><span style=\"font-size: 16pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">#FOSS4GOV Innovation Challenge<\/span><\/span><\/span><\/h2>\n<\/td>\n<td style=\"background-color: #cfe2f3; vertical-align: top; width: 469px; border: 1px solid #000000;\">\n<ul>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The Ministry of Electronics &amp; Information Technology announced a <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>#FOSS4GOV Innovation Challenge<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> to accelerate the adoption of<\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong> Free and Open Source Software (FOSS)<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> in the Government.<\/span><\/span><\/span>\n<ul>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Open-source software<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> requires <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>no licensing<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> and need not be bought.<\/span><\/span><\/span><\/li>\n<li style=\"list-style-type: circle;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">Its source code is open for everyone to download, examine, and improve upon if they can, with an acknowledgement to the original software coder or the company.\u00a0<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: disc;\"><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\">The Challenge calls upon<\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong> FOSS<\/strong><\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"> innovators, technology entrepreneurs and Indian Startups to submit implementable open-source product innovations in CRM (Customer Relationship Management) and ERP (Enterprise Resource Planning) with possible applications for Govtech in <\/span><\/span><\/span><span style=\"font-size: 11pt;\"><span style=\"font-family: Arial;\"><span style=\"color: #000000;\"><strong>Health, Education, Agriculture, Urban Governance etc.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Facts in News Blue Nature Alliance It is a collaboration led by Conservation International, The Pew Charitable Trusts, the Global Environment Facility, Minderoo Foundation and the Rob and Melani Walton Foundation. Launch: April 20, 2021 Aim: To protect 5% of the world ocean in five years. To protect and conserve the large areas of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[30,26,25,42],"class_list":["post-14916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-gs-2","tag-gs-3","tag-gs1","tag-literature"],"acf":[],"jetpack_featured_media_url":"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2023\/07\/2142383current-affairs (1).jpg","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/14916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=14916"}],"version-history":[{"count":0,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/14916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media\/14917"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=14916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=14916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=14916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}