In which city is the Think20 summit being organized under the G20 chairmanship of India?

Daily Current Affairs

Jaipur

Lucknow

Mysuru

Chennai

Correct Answer : Mysuru

The Think20 Summit will be organised in Karnataka's Mysuru from 31st July to 2nd August 2023. Think20 serves as an 'ideas bank' for the multilateral grouping by bringing together high level experts to discuss policy issues relevant to the G20.

The three-day event will be a gathering of distinguished members of the seven Think20Task Forces and policy experts from around the world.

Think20 Summit provides an unparalleled opportunity to collectively showcase issues such as lifestyle for sustainable development, women-led development, digital transformation, green transformation and many more.

The Summit will also see the launch of four associated publications. More than 250 foreign delegates from 20 countries including America, Russia, China, South Africa, Japan, India, France and Germany will take part in the summit.

The Think20 Summit is the final of the four key convenings by Think20 India. Think20 has, thus far, organised 64 side events in 22 cities in India and abroad, and published over 300 policy briefs from 706 institutions.

Elaborate security and transport arrangements have been made for the delegates. After the summit, the delegates will visit tourist places in Mysuru including the Mysore Palace. Deputy Director of the Palace Board TS Subrahmanya said in a release that entry to the sound and light program held on August 2 from 7 to 8 pm has been restricted for tourists in view of the Think20 Summit here.

The T20 Summit is the milestone event of T20 India. It will be a gathering of distinguished task Force members and policy experts from around the world. It provides an opportunity to collectively showcase ideas and insights on the priorities of India's G20 Presidency, a press release by the Observers Research Foundation stated

Published On : July 31, 2023

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024