Bihar Affairs
Bihars first transgender shelter home set up in Patna
The states first-of-its-kind transgender shelter Home-cum-skill training centre has started functioning at Khagaul in westernPatnawith five inmates. Set up under the Garima Greh scheme of theMinistry of Social Justiceand Empowerment, the objective of setting up such a shelter home is to integrate transgender people into the mainstream.
The three-storey building would provide infrastructural support to 25 transgender persons at a time and make them self-sufficient by empowering with skill training programmes which may open a range of professions they can choose for their livelihoods. A separate skill training block has been built to provide soft skills.
National and International Affairs
Roadmap of India to Ethanol
The central government has issued a report from an expert committee on the Roadmap for Ethanol Blending in India by 2025.
Highlights:
The roadmap proposes a phased rollout of ethanol-blended fuel to achieve E10 fuel supply by April 2022, followed by a phased rollout of E20 from April 2023 to April 2025.
The Indian government has moved the target for 20% ethanol blending in petrol (also known as E20) from 2030 to 2025.
It is produced naturally by yeast Fermentation of sugars or through petrochemical processes such as ethylene hydration.
Raising and Accelerating MSME Performance Program
The has approved a USD 500 million programme to assist in the Growth of India’s MSME sector. The programme is known as the Raising and Accelerating Micro, Small, and Medium Enterprise (MSME) Performance (RAMP) Program.
This is the World Bank’s second Investment in this sector. The USD 750 million MSME Emergency Response Program was the first intervention.
The programme aims to improve the performance of 5.5 lakh MSMEs.
It is expected to raise USD 15.5 billion in financing as part of the government’s USD 3.4 billion MSME Competitiveness A Post-COVID Resilience and Recovery Program (MCRRP).
DBS Tops Forbes Worlds Best Banks List in India
BS Bank has been named with the aid of Forbes in their listing of Worlds Best Banks 2021. DBS was ranked at the position 1 out of 30 domestic and global banks in India for the 2nd consecutive year. This is the 0.33 version of the Worlds Best Banks listing by means of Forbes, carried out in PARTNERSHIP with market research company Statista.
DBS Bank India was regarded as Indias Best International Bank 2021 by means of Asiamoney. DBS was once named Safest Bank in Asia for the twelfth consecutive year via New York-based exchange publication Global Finance in 2020.
Global Economic Prospects Report by World Bank
The published its June 2021 Global Economic Prospects. It predicts that India’s GDP will grow by 8.3 percent in 2021-22. The Indian economy is expected to grow at a rate of 7.5 percent in 2022-23 and 6.5 percent in 2023-24.
Highlights:
The global economy is expected to grow at a rate of 5.6 percent, the fastest rate of post-Recession Growth in eighty years.
However, global output will still be 2% lower than pre-pandemic projections by the end of the year.
Indias recovery has been hampered by the largest outbreak in any country since the pandemic began
The forecast for FY22 (8.3 percent) accounts for expected economic damage from a massive second Covid-19 wave and localised mobility restrictions beginning in March 2021.
Growth is expected to slow to 7.5 percent in 2022-23 as a result of the pandemic’s effects on the financial position of households, businesses, and banks.
Global Liveability Index 2021 Auckland Tops the List
New Zealand and Australian cities dominated the Global Liveability Index 2021 published by using the Economist Intelligence Unit (EIU). Auckland has been ranked the first-class on liveability rankings due to the capability of New Zealand city to comprise Covid-19 faster. Japanese cities of Osaka and Tokyo grabbed 2nd and fourth area and Adelaide, Australia spot 3rd area on EIUs Global Liveability Index 2021. dwelling prerequisites remained worst in the Syrian capital Damascus.
The BRICS Foreign Ministers recently issued a joint statement on multilateralism. The idea is to form a consensus among the BRICS countries. The process of organising relations between groups of three or more states is known as multilateralism.
Six Principles laid out by BRICS:
To make global Governance more inclusive, representative and participatory.
It should be based on inclusive negotiation and cooperation.
It should make multilateral organizations more action-oriented and solution-oriented.
It should employ creative solutions, such as digital and technological tools..
The capacity of individual countries and international organizations should be strengthened.
Promote people-oriented international cooperation as the core.