Which Country would host the Conference on Traditional Medicines for ASEAN Countries on 20th July 2023?

Daily Current Affairs

USA

India

Switzerland

Netherlands

Correct Answer : India

India would host the Conference on Traditional Medicines for ASEAN Countries on 20th July 2023.

The conference would be conducted by the Ministry of Ayush, the Ministry of External Affairs, the Indian Mission to ASEAN, and the ASEAN Secretariat.

Aim : The Conference on Traditional Medicines aims to strengthen the platform between India and ASEAN Countries to share their best practices and draw a roadmap for future cooperation in the field of Traditional Medicines.

Addressing the Media at the Curtain Raiser event 13th July 2023, Union Minister for Ayush Shri Sarbananda Sonowal said, “The multi-dimensional relationship between India and ASEAN stands on a strong foundation of shared geographical, historical, and civilizational links which is far older that goes back to more than two millennia.”

He continued, “Prime Minister of India Shri Narendra Modi at the 12th ASEAN India Summit at Myanmar in November 2014 enunciated ‘Act East Policy’, giving a new momentum to the strategic partnership. The India ASEAN conference on Traditional Medicine being held after almost a decade is a major step towards deepening cooperation of India with ASEAN.”

Sharing details about the achievements of the Ministry, he added, “The Ayush sector has grown multi-fold in the last 9 years since the year 2014, when Prime Minister Narendra Modi elevated the then Department of Ayush under Ministry of Health and Family Welfare to an independent Ministry of Ayush. Today the Ministry is engaged with many top class International organizations from UK, USA, Japan, Brazil, Germany as well as National organizations like CSIR, DST, DBT, IITs etc. to undertake high quality research on Ayush systems in various Non Communicable disease conditions like Diabetes Mellitus, Cancer, Mental Health as well as infectious diseases like Covid.

The ASEAN conference will provide a platform to share the research outcomes of various projects implemented by the Ministry of Ayush. Similarly, ASEAN countries will also share their experiences.”.

Source : PIB

Published On : July 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