Current Affair 1:

EU nature restoration law

 

Members of the European Parliament (MEP) on July 12, 2023, voted to pass the EU nature restoration law with 336 votes in favour, 300 against and 13 abstentions.

Under Nature Restoration Law, legally binding targets for nature restoration in different ecosystems will apply to every Member State, complementing existing laws.

Targets set:

The Nature Restoration Law is an essential piece of the European Green Deal.

 

Current Affair 2:

International Financial Services Centres Authority (IFSCA)

 

International Financial Services Centres Authority (IFSCA) is a statutory unified regulatory body under the Department of Economic Affairs, Ministry of Finance, Government of India established by Financial Services Centres Authority Act, 2019 of Parliament to:

develop and regulate the financial products, financial services and financial institutions located / performed in the International Financial Services Centres in India.

It is headquartered at GIFT City, Gandhinagar in Gujarat.

 

Current Affair 3:

Child Welfare and Protection Committee

 

A Child Welfare Committee is an autonomous institution in India formed under the Juvenile Justice Act, 2015:

Current Affair 4:

Initiative for Climate Action Transparency (ICAT)

 

Ok, I will explain you here, how I prepare Current Affairs. Suppose for this article:

I went to UNFCCC website to search for important news. I found their Transparency Initiative.:

I did further research on this, then I found ICAT. So, I covered ICAT here.

ICAT is a voluntary multilateral initiative, launched in November 2015, whose members are both donor countries and non-governmental actors.

Despite being a voluntary initiative, ICAT aims to contribute to the implementation of the Paris Agreement for the fight against climate change and, in particular, it aims to increase the capacity of beneficiary countries in reporting and transparency, in implementing their mitigation and adaptation commitments at national level.

The Initiative works with countries to build capacities on understanding and applying tools and approaches to measure, report and verify (MRV) greenhouse gas emissions reductions and adaptation action.

ICAT works closely with its partner countries to develop policy-focused, priority-driven projects that develop the information and data frameworks and related capacity to improve the implementation, tracking, and enhancement of their NDCs and reporting.

Example of one project in India:

The initiative is managed by the United Nations Office for Project Services (UNOPS).

 

 

 

 

 

 

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