Which IIM Joins (September 6, 2023) with NSDC to Revolutionize Skill Development and Entrepreneurship?

Daily Current Affairs

Indore

Delhi

Kolkata

Ahmedabad

Correct Answer : Indore

IIM Indore has entered into a game-changing partnership with the National Skill Development Corporation (NSDC). The collaboration signifies a commitment to foster excellence and innovation in these critical domains.

The MoU, inked online on September 6, 2023, by Prof. Himanshu Rai, Director, IIM Indore, and Shri Ved Mani Tiwari, Chief Executive Officer of NSDC, is poised to redefine skill development, entrepreneurship, and research in India, aligning the visions of both institutions and leveraging their collective prowess to shape the nation’s skilling ecosystem.

IIM Indore’s vision is not just limited to academic excellence; it is about elevating livelihood opportunities and income levels for families and households across the nation. Prof. Rai emphasized that this collaboration is set to create a unique social impact model backed by pioneering projects that employ innovative approaches.

These initiatives will provide professional support to underserved regions, communities, individuals, and Micro, Small, and Medium Enterprises (MSMEs), thereby nurturing a skilled ecosystem primed for market success.

A cornerstone of this transformative MoU is its focus on robust research endeavors. “We will embark on joint research activities, encompassing surveys and qualitative research methods, to gain profound insights into industry dynamics and stakeholder needs”, he said. This synergy will identify industry trends, bridge gaps, and gather invaluable data to guide strategic decision-making..

Source : iimidr

Published On : September 11, 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