Goaltide Daily Current Affairs 2021

Sep 13, 2021

Current Affair 1:
Land and Livestock Holdings of Households and Situation Assessment of Agricultural Households

Source Link

National Statistical Office (NSO) in its 77th round of survey, conducted during the period 1st January 2019 to 31st December 2019, carried out a survey on “Land and Livestock Holdings of Households and Situation Assessment of Agricultural Households” in the rural areas of India with an integrated schedule of enquiry.

Objective of the Survey

The integrated survey on Land and Livestock holdings of Households and Situation Assessment of Agricultural Households, conducted in the rural areas of the country, had an objective of generating different indicators like:

  • ownership and operational holdings of rural households
  • ownership of livestock
  • income, productive assets and indebtedness of agricultural households
  • farming practices of agricultural households
  • awareness and access to various technological developments in the field of agriculture
  • receipts and expenditure of the agricultural households’ farm and non-farm businesses and receipts from all other economic activities pursued by the members of the agricultural households

Important results

Percentage distribution of agricultural households and non-agricultural households

Percentage distribution of agricultural households and non-agricultural households by size class of land possessed

Household Ownership Holdings of Land

Land, with permanent heritable possession, with or without right to transfer the title, was considered as owned land. The land held in owner-like possession under a long-term lease or assignment (e.g., village land possessed by a tribal household as per traditional tribal rights or community land customarily operated by a tenant for a long period) was also treated as land owned.

Size of ownership holdings

Percentage of households producing crop

Current Affair 2:
What is new framework to share financial data?

Source Link

The above is news from HINDU. The following are some relevant points.

Suppose I have an account in bank, have some past loan from some other bank, investment in mutual funds, some insurance schemes, NPS, shares, Govt. securities etc., then I can ask an 'Account Aggregator' to collect my financial information from different institutions/sources and provide me in a presentable format. Although I can access all this information on my own separately, but it will be cumbersome process for me, while the account aggregator will provide all this in a consolidated form. The 'Account Aggregator' can also provide this consolidated financial information to any other institution with my prior consent.

So, now if I am taking loan from a bank then the bank may ask me to give my consent to the 'Account Aggregator' to provide/share all my financial data (in different kinds of financial institutions) with the lending bank. In this way bank can have more trust (creditworthiness) on me and can help in borrowing money at lesser interest rate and other products also. Right now, "Credit Information Companies (CIC)" ...  for example, CIBIL... fetch the credit related data and provide to banks but their scope is limited to accessing data from only certain class of institutions.

Who are Account Aggregators?

These are financial (technology) firms who have been licensed by RBI to act as 'Account Aggregators' and they will be treated as Non-Banking Financial Companies (NBFCs). So, just like Peer-to-Peer lenders, which are a class of NBFCs, so will be Account Aggregators.

An Individuals PAN links/captures only those transactions which are above certain limit and through PAN financial institutions/banks just can’t access all my financial data.

Current Affair 3:
CMS report on Impacts of Plastic Pollution in Ganges

 

This study identifies the impacts of plastic pollution on land and freshwater migratory species protected by the Convention on the Conservation of Migratory Species of Wild Animals (CMS).

The CMS report is the result of a collaboration between CMS and the UN Environment Programme as part of the Japan-funded CounterMEASURE II project to identify sources and pathways of plastic pollution in river systems in Asia.

Two case studies in the report focus on the species of the Mekong and the Ganges. We will just see what it says about Ganges.

What is the CounterMEASURE II project?

The Promotion of Action against Marine Plastic Litter in Asia and the Pacific (CounterMEASURE II) is a USD 5.7-million project funded by the Government of Japan. The project aims to generate, share and disseminate scientific knowledge on plastic pollution in the Mekong, Ganges and selected rivers in Sri Lanka and Myanmar to inform policy and decision-making processes at the local, national, regional and global level.

 

The United Nations Environment Programme (UNEP) Regional Office for Asia and the Pacific is the implementing agency of the project. In partnership with the UNEP Regional Office, the CMS Secretariat will implement activities under the Migratory Species Focal Area of the project.

Current Affair 4:
Climate Action and Finance Mobilization Dialogue (CAFMD)

Source Link

India and the United States of America (USA) today launched the “Climate Action and Finance Mobilization Dialogue (CAFMD)”.

The CAFMD is one of the two tracks of the India-U.S. Climate and Clean Energy Agenda 2030 partnership launched at the Leaders' Summit on Climate in April 2021 by India and US.

The dialogue will not only strengthen India-US bilateral cooperation on climate and environment but will also help to demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities.

 

 

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