India observed the 60th National Maritime Day on _______

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India observed the 60th National Maritime Day on ________.

April 3, 2023

April 4, 2023

April 5, 2023

April 6, 2023

Correct Answer : April 5, 2023

National Maritime Day is celebrated on April 5 across the country to commemorate the sailing of the first Indian commercial vessel, SS Loyalty. The ship sailed from Mumbai to London.

* National Maritime Day is meant to appreciate the contribution of maritime trade to the growth of the Indian economy and the significance of India's strategic location in international trade.

* National Maritime Day History : The Ministry of Ports, Shipping and Waterways started this day in 1964. This year will mark the 60th National Maritime Day.

* National Maritime Day Significance : This day is considered to be very important for the maritime sector and it is observed annually to honour the history, ongoing development, and forward-looking vision.

* The purpose of National Maritime Day is to recognise and honour the significant contribution that the maritime industry makes to the growth of the Indian economy. On this day, an annual award ceremony is organised to honour the many players in the shipping sector. The Sagar Samman Varuna Award is given for outstanding contribution to the maritime sector.

* National Maritime Day 2023 Theme : The government announces a theme for National Maritime Day every year. The theme for the 60th maritime day has not been announced as yet. Last year, the theme was ‘Sustainable Shipping beyond COVID-19.’

* Maritime India Vision 2030 : Prime Minister Narendra Modi announced the ‘Maritime India Vision 2030’ in November 2020 at the Maritime India Summit. It is a 10-year blueprint for the development of the Indian maritime sector.

* The vision seeks to improve India's waterways, support the shipbuilding sector, and promote cruise tourism...

Source : CNBC TV

Published On : April 5, 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