Which government has signed a Memorandum of Understanding with the 'Parley for the Oceans', a U.S.-based company that works for plastic-waste management?

Daily Current Affairs

Tamil Nadu

Karnataka

Gujarat

Andhra Pradesh

Correct Answer : Andhra Pradesh

Andhra Pradesh government has on Friday(26th Aug 2022) signed a Memorandum of Understanding (MoU) with the US-based Parley for the Oceans, to clean the shores of the State and make Andhra Pradesh plastic free by 2027.

As part of the MoU, Parley Future Institute along with Parley Super Hub will be set up in the State to manufacture goods with recycled plastic, attracting â‚¹16,000 crore investment in the next six years and generating employment to over 20,000 people.

Speaking after signing of the MoU in Visakhapatnam, the Chief Minister YS Jagan Mohan Reddy said environment and economy were two sides of a coin and his government was moving ahead with inclusivity and sustainability to protect and nurture the environment.

”Visakhapatnam has taken up the world’s largest beach cleaning programme with the participation of over 22,000 people at a stretch of 28 km starting from Gokul Beach to Bheemili Beach, about 76 tonnes of plastic was collected from the seashore,’‘ he said.

Emphasising that it is the responsibility of all to save the oceans, he said that 70 per cent of the world’s oxygen comes from marine plants and plastic debris has affected at least 267 marine species worldwide..

Source : The Hindu Businessline

Published On : September 1, 2022

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