{"id":15520,"date":"2021-06-04T00:00:00","date_gmt":"2021-06-04T00:00:00","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/uncategorized\/04-06-2021\/facts-in-news-169\/"},"modified":"2021-06-04T00:00:00","modified_gmt":"2021-06-04T00:00:00","slug":"facts-in-news-169","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/04-06-2021\/facts-in-news-169","title":{"rendered":"Facts in News"},"content":{"rendered":"
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Facts in News<\/u><\/strong><\/span><\/span><\/span><\/span><\/h2>\n<\/td>\n<\/tr>\n

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Asian Development Bank (ADB)<\/span><\/span><\/span><\/h3>\n<\/td>\n

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Recently ,Asian Development Bank (ADB) has signed a pact with the union government for<\/span><\/span><\/span> USD 2.5 million (<\/strong><\/span><\/span><\/span>approx Rs 18.23 crore) loan assistance to <\/span><\/span><\/span>upgrade road infrastructure in the north-eastern state Sikkim.\u00a0<\/strong><\/span><\/span><\/span><\/p>\n

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  • It is a <\/span><\/span><\/span>regional development bank <\/strong><\/span><\/span><\/span>established on 19th December 1966.<\/span><\/span><\/span>\n
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    • It was modeled closely on the a<\/span><\/span><\/span>World Bank.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • Headquarters:<\/strong><\/span><\/span><\/span> Manila, Philippines.<\/span><\/span><\/span><\/li>\n
    • Members:<\/strong><\/span><\/span><\/span> 68 members, 49 from within Asia.<\/span><\/span><\/span>\n
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      • Japan holds the largest<\/strong><\/span><\/span><\/span> proportion of shares in ADB followed by the <\/span><\/span><\/span>USA<\/strong><\/span><\/span><\/span>, because Japan is <\/span><\/span><\/span>one of the largest shareholders of the bank<\/strong><\/span><\/span><\/span>, the president has always been Japanese.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
      • ADB is an official<\/span><\/span><\/span> United Nations Observer.<\/strong><\/span><\/span><\/span><\/li>\n
      • Aim<\/strong><\/span><\/span><\/span>: To <\/span><\/span><\/span>promote social and economic<\/strong><\/span><\/span><\/span> development in Asia.<\/span><\/span><\/span>\n
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        • It is committed to achieving a <\/span><\/span><\/span>prosperous, inclusive, resilient, and sustainable Asia<\/strong><\/span><\/span><\/span> and <\/span><\/span><\/span>the Pacifi<\/strong><\/span><\/span><\/span>c while sustaining its efforts to <\/span><\/span><\/span>eradicate extreme poverty<\/strong><\/span><\/span><\/span>.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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OPEC+<\/span><\/span><\/span><\/h3>\n<\/td>\n

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Recently , OPEC+ decided to stick to its plan to gradually restore supply to the market.\u00a0<\/span><\/span><\/span><\/p>\n

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  • The Organization of the Petroleum Exporting Countries (OPEC) is a <\/span><\/span><\/span>permanent, intergovernmental Organization.<\/strong><\/span><\/span><\/span><\/li>\n
  • It was created at the <\/span><\/span><\/span>Baghdad Conference <\/strong><\/span><\/span><\/span>in September 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.<\/span><\/span><\/span>\n
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    • Members who joined later: Libya, United Arab Emirates, Algeria, Nigeria, Angola, Gabon, Equatorial Guinea and Congo.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • The OPEC Secretariat is the executive organ of the OPEC Located in<\/span><\/span><\/span> Vienna.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n

      Objectives<\/strong><\/span><\/span><\/span><\/p>\n

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      • To <\/span><\/span><\/span>coordinate and unify petroleum policies <\/strong><\/span><\/span><\/span>among member countries.<\/span><\/span><\/span><\/li>\n
      • To secure<\/span><\/span><\/span> fair and stable prices<\/strong><\/span><\/span><\/span> for petroleum producers.<\/span><\/span><\/span><\/li>\n
      • To ensure an <\/span><\/span><\/span>efficient, economic<\/strong><\/span><\/span><\/span> and <\/span><\/span><\/span>regular supply of petroleum<\/strong><\/span><\/span><\/span> to consuming nations and a fair return on capital to those investing in the industry.<\/span><\/span><\/span><\/li>\n<\/ul>\n
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        • OPEC+ or OPEC Plus.<\/strong><\/span><\/span><\/span>\n
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          • In 2016, <\/span><\/span><\/span>OPEC allied<\/strong><\/span><\/span><\/span> with other top <\/span><\/span><\/span>non-OPEC <\/strong><\/span><\/span><\/span>oil-exporting nations to form an even more powerful entity named <\/span><\/span><\/span>OPEC+ or OPEC Plus.<\/strong><\/span><\/span><\/span><\/li>\n
          • It is composed of the<\/span><\/span><\/span> 13 OPEC members and 10 of the world’s major non-OPEC oil-exporting nations.<\/strong><\/span><\/span><\/span>\n
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            • The <\/span><\/span><\/span>Declaration of Cooperation (DoC)<\/strong><\/span><\/span><\/span> constitutes an unprecedented milestone in the history of OPEC as under it, for the first time ever, <\/span><\/span><\/span>OPEC countries coordinated with 11 non-OPEC oi<\/strong><\/span><\/span><\/span>l producing countries <\/span><\/span><\/span>(now 10 as Equatorial Guinea became a member).<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
            • These 10 countries are<\/strong><\/span><\/span><\/span>: Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan and Sudan.<\/span><\/span><\/span><\/li>\n
            • OPEC+ came<\/strong><\/span><\/span><\/span> into <\/span><\/span><\/span>existence, in part, to counteract other nations’<\/strong><\/span><\/span><\/span> capacity to produce oil, <\/span><\/span><\/span>which could limit OPEC’s ability to control supply and price.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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INS Sandhayak<\/span><\/span><\/span><\/h3>\n<\/td>\n

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  • Recently ,INS Sandhayak decommissioned 04 Jun 21 after serving the nation for 40 years\u00a0 .<\/span><\/span><\/span><\/li>\n<\/ul>\n
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    • INS Sandhayak, the first of its class <\/span><\/span><\/span>indigenously designed and built<\/strong><\/span><\/span><\/span> <\/span><\/span><\/span>Hydrographic Survey Ship<\/strong><\/span><\/span><\/span> of Indian Navy.<\/span><\/span><\/span><\/li>\n
    • It was conceptualised by then <\/span><\/span><\/span>Chief Hydrographe<\/strong><\/span><\/span><\/span>r to the Government\u00a0 of India who had a strong desire for i<\/span><\/span><\/span>ndigenously designed and built <\/strong><\/span><\/span><\/span>hydrographic survey vessels in India.\u00a0<\/span><\/span><\/span><\/li>\n
    • The construction of the ship began at <\/span><\/span><\/span>GRSE Kolkata (then Calcutta) by laying the keel in 1978.<\/strong><\/span><\/span><\/span>\u00a0\u00a0<\/span><\/span><\/span><\/li>\n
    • The ship was<\/span><\/span><\/span> commissioned<\/strong><\/span><\/span><\/span> to the Indian Navy in <\/span><\/span><\/span>1981<\/strong><\/span><\/span><\/span><\/li>\n
    • The ship has conducted surveys in <\/span><\/span><\/span>shallow coastal waters<\/strong><\/span><\/span><\/span> and in deep <\/span><\/span><\/span>seas<\/strong><\/span><\/span><\/span>, besides serving as <\/span><\/span><\/span>alma-mater <\/strong><\/span><\/span><\/span>for numerous <\/span><\/span><\/span>hydrographers of the Navy.<\/strong><\/span><\/span><\/span><\/li>\n
    • The ship, during her commissioned service, has undertaken approximately <\/span><\/span><\/span>200 majo<\/strong><\/span><\/span><\/span>r <\/span><\/span><\/span>Hydrographic Survey<\/strong><\/span><\/span><\/span>s and <\/span><\/span><\/span>numerous minor surveys<\/strong><\/span><\/span><\/span> in both <\/span><\/span><\/span>East and West coasts<\/strong><\/span><\/span><\/span> of the country, the <\/span><\/span><\/span>Andaman seas<\/strong><\/span><\/span><\/span> and the <\/span><\/span><\/span>neighbouring countries too.\u00a0<\/strong><\/span><\/span><\/span><\/li>\n
    • Significant operations :\u00a0<\/strong><\/span><\/span><\/span>\n
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      • Operation Pawan<\/strong><\/span><\/span><\/span>, assisting Indian peacekeeping forces in Sri Lanka in 1987.<\/span><\/span><\/span><\/li>\n
      • Operation Rainbow<\/strong><\/span><\/span><\/span>, when India helped the Sri Lankan Government search for and rescue fishermen and boats lost at sea.\u00a0<\/span><\/span><\/span><\/li>\n
      • It was also part of <\/span><\/span><\/span>humanitarian missions<\/strong><\/span><\/span><\/span> after the 2004 Tsunami and the maiden Indo-U.S. <\/span><\/span><\/span>Humanitarian Assistance and Disaster Relief Exercise \u2013 \u2018Tiger Triumph\u2019.<\/strong><\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Tulsa Race Massacre<\/span><\/span><\/span><\/h3>\n<\/td>\n

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Recently, the US President <\/span><\/span><\/span>Joe Biden<\/strong><\/span><\/span><\/span> has become the <\/span><\/span><\/span>first sitting American Head of State<\/strong><\/span><\/span><\/span> to officially <\/span><\/span><\/span>recognise<\/strong><\/span><\/span><\/span> the violent<\/span><\/span><\/span> racial hate<\/strong><\/span><\/span><\/span> of <\/span><\/span><\/span>Tulsa Race Massacre<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/p>\n

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  • The years following <\/span><\/span><\/span>World War I<\/strong><\/span><\/span><\/span> saw a spike in <\/span><\/span><\/span>racial tensions, lynchings and violence<\/strong><\/span><\/span><\/span> as well as efforts by <\/span><\/span><\/span>African Americans<\/strong><\/span><\/span><\/span> to prevent such attacks on their communities.<\/span><\/span><\/span><\/li>\n
  • Tulsa, fueled by oil money, was a growing, prosperous city but was also a highly segregated city.<\/span><\/span><\/span>\n
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    • Tulsa is a city <\/span><\/span><\/span>on the Arkansas River<\/strong><\/span><\/span><\/span>, in the US state of <\/span><\/span><\/span>Oklahoma<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n
    • Tulsa was an unofficial sanctuary for <\/span><\/span><\/span>African Americans suffering from harsh segregation<\/strong><\/span><\/span><\/span> in pre-civil rights America.<\/span><\/span><\/span><\/li>\n
    • Most of the city\u2019s 10,000 Black residents lived in <\/span><\/span><\/span>Greenwood<\/strong><\/span><\/span><\/span>, which included a business district referred to as<\/span><\/span><\/span> Black Wall Street<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • Under racial tensions, a white <\/span><\/span><\/span>mob attacked Greenwood<\/strong><\/span><\/span><\/span> from <\/span><\/span><\/span>31<\/strong><\/span><\/span><\/span>st<\/sup><\/strong><\/span><\/span><\/span> May to 1<\/strong><\/span><\/span><\/span>st<\/sup><\/strong><\/span><\/span><\/span> June 1921<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span>\n
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      • 2021 marks its <\/span><\/span><\/span>100<\/strong><\/span><\/span><\/span>th<\/sup><\/strong><\/span><\/span><\/span> anniversary<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
      • The event remains one of the <\/span><\/span><\/span>worst yet least-known <\/strong><\/span><\/span><\/span>incidents of racial violence in US history.<\/span><\/span><\/span><\/li>\n<\/ul>\n
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        • The <\/span><\/span><\/span>Tulsa \u201cRace Riot\u201d Commission<\/strong><\/span><\/span><\/span> was formed to investigate the events in 1997 and officially released a report in 2001, concluding that between 100 and 300 people were killed and more than 8,000 people made homeless in 1921.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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Mega Food Park Scheme<\/span><\/span><\/span><\/h3>\n<\/td>\n

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  • It was launched by the <\/span><\/span><\/span>Ministry of Food Processing Industries<\/strong><\/span><\/span><\/span> in <\/span><\/span><\/span>2008<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n
  • Aim<\/strong><\/span><\/span><\/span>\n
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    • To provide a mechanism to link agricultural production to the market.<\/span><\/span><\/span><\/li>\n
    • To ensure maximizing value addition, minimizing wastage, increasing farmers income and creating employment opportunities in the rural sector.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • It is based on the \u201c<\/span><\/span><\/span>Cluster\u201d approach<\/strong><\/span><\/span><\/span> and envisages the<\/span><\/span><\/span> creation of state-of-the-art support infrastructure<\/strong><\/span><\/span><\/span> in a well-defined agri\/horticultural zone.<\/span><\/span><\/span>\n
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      • It is done for <\/span><\/span><\/span>setting up modern food processing units<\/strong><\/span><\/span><\/span> in the industrial plots provided in the park with a well-established supply chain.\u00a0<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
      • It is implemented by a <\/span><\/span><\/span>Special Purpose Vehicle <\/strong><\/span><\/span><\/span>(SPV) which is a <\/span><\/span><\/span>Body Corporate<\/strong><\/span><\/span><\/span> registered under the <\/span><\/span><\/span>Companies Act, 2013<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span>\n
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        • State Government<\/strong><\/span><\/span><\/span>, its entities and cooperatives are <\/span><\/span><\/span>not required to form a separate SPV<\/strong><\/span><\/span><\/span> for implementation of the project.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

          <\/span><\/span><\/span><\/p>\n

          (Image Courtesy: <\/span><\/span><\/span>IBEF<\/u><\/span><\/span><\/span><\/a>)<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

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Senior care Ageing Growth Engine (SAGE) Project\u00a0<\/span><\/span><\/span><\/h3>\n<\/td>\n

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  • It has been launched by the <\/span><\/span><\/span>Ministry of Social Justice and Empowerment<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n
  • Aim: <\/strong><\/span><\/span><\/span>To select, support and create a \u201cone-stop access\u201d of elderly care products and services by credible start-ups.<\/span><\/span><\/span>\n
      \n
    • There is an urgent<\/span><\/span><\/span> need to create a more robust elder care ecosystem<\/strong><\/span><\/span><\/span> in India, especially in the post-Covid-19 phase.<\/span><\/span><\/span><\/li>\n
    • India\u2019s <\/span><\/span><\/span>elderly population is on the rise<\/strong><\/span><\/span><\/span>, and as per surveys, the share of elders, as a percentage of the total population in the country, is expected to increase from around 7.5 percent in 2001 to almost 12.5 percent by 2026, and<\/span><\/span><\/span> surpass 19.5 percent by 2050<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/li>\n
    • It is shaped on the <\/span><\/span><\/span>recommendations of the Empowered Expert Committee <\/strong><\/span><\/span><\/span>(EEC) <\/span><\/span><\/span>report <\/strong><\/span><\/span><\/span>on start-ups for elderly.<\/span><\/span><\/span><\/li>\n
    • Start-ups can <\/span><\/span><\/span>apply<\/strong><\/span><\/span><\/span> for being a part of SAGE <\/span><\/span><\/span>through a dedicated portal<\/strong><\/span><\/span><\/span>.<\/span><\/span><\/span><\/li>\n
    • The start-ups will be selected on the<\/span><\/span><\/span> basis of innovative products and services<\/strong><\/span><\/span><\/span>, which they should be able to provide across sectors such as health, housing, care centres, apart from technological access linked to finances, food and wealth management, and legal guidance.<\/span><\/span><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Facts in News Asian Development Bank (ADB) Recently ,Asian Development Bank (ADB) has signed a pact with the union government for USD 2.5 million (approx Rs 18.23 crore) loan assistance to upgrade road infrastructure in the north-eastern state Sikkim.\u00a0 It is a regional development bank established on 19th December 1966. It was modeled closely on […]<\/p>\n","protected":false},"author":1,"featured_media":15521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[30,26,25],"class_list":["post-15520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-gs-2","tag-gs-3","tag-gs1"],"acf":[],"jetpack_featured_media_url":"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2023\/07\/7726170current-affairs.jpg","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/15520","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=15520"}],"version-history":[{"count":0,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/15520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media\/15521"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=15520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=15520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=15520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}