The National Energy Conservation Day is Celebrated Every Year on?

Daily Current Affairs

12th December

13th December

14th December

15th December

Correct Answer : 14th December

National Energy Conservation Day is observed in India every year on December 14, to raise public awareness about the value of energy efficiency and conservation.

Every year, the Bureau of Energy Efficiency under the Ministry of Power spearheads the celebrations. It is necessary to consume energy wisely and efficiently to maximise energy efficiency and to ensure that it is conserved for future generations. Since 1991, December 14 has been designated as the National Energy Conservation Day.

The purpose of this day is to showcase the achievements of the nation in energy efficiency and conservation.

History of National Energy Conservation Day :

* In 1991, the Ministry of Power started a scheme to recognise through awards the contribution of industries and establishments for making special efforts to reduce energy consumption while maintaining their production.

* On December 14, 1991, the National Energy Conservation Awards were given to the winners for the first time. Since then, the day has been marked as the National Energy Conservation Day. The awards are given by eminent dignitaries during a function.

* Last year, President Droupadi Murmu felicitated the winners of the National Energy Conservation Awards, National Energy Efficiency Innovation Awards, and National Painting Competition Prizes at an event on December 14. Also, she launched the EV Yatra Portal on the occasion.

Significance of National Energy Conservation Day :

* The Bureau of Energy Efficiency under the Ministry of Power, spearheads the National Energy Conservation Day with a particular theme of the year while keeping in mind the goals and objectives to reach the masses across the country. It is observed every year to send a message to people about the importance of conserving energy in all aspects of life.

* To promote the process of energy conservation, several events such as discussions, conferences, debates, workshops, and competitions and organised throughout the country. Energy conservation will reduce environmental stress also lower electricity and expenses.

* BEE is a constitutional body under the Government of India, which plays a key role in framing policies and strategies to reduce energy use..

Source : CNBC

Published On : December 14, 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