India's first international cruise ship - MV Empress has been flagged off for which country?

Daily Current Affairs

Maldives

Thailand

Sri Lanka

Bangladesh

Correct Answer : Sri Lanka

The Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal flagged off the maiden International Cruise Vessel - MV Empress, India’s first international cruise vessel - from Chennai to Sri Lanka in Chennai 5th June 2023.

* This marks the beginning of the international cruise tourism terminal at Chennai, built at a cost of â‚¹17.21 crores, heralding a new age of cruise tourism & maritime trade in the country.

* Coinciding on the occasion of Enviornment Day, the Union Minister Shri Sarbananda Sonowal along with the port officials also planted 2500 tree saplings at the port today.

* Union Minister Shri Sarbananda Sonowal said, “Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the Ministry of Ports, Shipping & Waterways have been taking multiple steps to develop the avenues of cruise tourism in the country and bolster opportunities of maritime trade of India.

* With our rich heritage & culture around our coastal region, the potential of cruise tourism in India is immense. Today, as we launch the maiden cruise service between Chennai and Sri Lanka, it has ushered a new chapter in the cruise tourism sector in the country.

* As the affordability & access to world class cruise services becomes a reality, the people can enjoy & relish luxurious amenities, entertainment, and breathtaking views.”

* The cruise service is the result of an MoU signed during the first Incredible India International Cruise Conference in 2022 between Chennai Port and M/S Waterways Leisure Tourism Pvt Ltd to start domestic and international cruise service.

* With an overwhelming response by 85,000 passengers availing the cruise service through 37 vessels for the domestic circuit, it is expected that the opening up of international circuit will further amp up the business of cruise tourism in the region. The modern cruise terminal developed at Chennai Port is spread over an area of 2,880 square meters with an ability to host 3,000 passengers at a time.

* We expect that the volume of cruise ships will increase from 208 in 2023 to 500 in 2030 and upto 1100 by 2047. Consequently, the number of passengers availing cruise services is also likely to increase from 9.5 lakhs in 2030 to 45 lakhs in 2047.

* In order to boost demand for cruise services the western, southern and eastern coasts of India, we are working on Gujarat Pilgrimage tours, Cultural and Scenic Tours, Ayurveda Wellness Tours & Heritage Tourism. Plans are afoot to develop new cruise tourism terminal in Andamans, Puducherry and Lakshadweep circuits. We are also studying the feasibility of developing ferry circuits across India, Sri Lanka, Thailand and Myanmar.”

* The cruise service will sail to three Sri Lankan ports; viz. Hanbantota, Trincomalee, and Kankesanturei. The tour packages on board MV Empress will be offered for 2 nights, 3 nights, 4 nights and 5 nights. During its run at the sea, MV Empress will be touching 3 ports in Sri Lanka before returning to Chennai..

Source : PIB

Published On : June 6, 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