Prelims 2020

2nd September 2020 Daily Current Flash Cards

Wind Power in India; Majuli; Boost agri exports; Index of Eight Core Industries (ICI); Ease of Doing Business- 2020;
By IASToppers
September 02, 2020

 

 

 

What is the rank of India in World Bank’s Ease of Doing Business Report 2020?

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Answer:

  • Indiaranks 63 in World Bank’s Doing Business Report.

Enrich Your Learning:

Ease of Doing Business- 2020

  • The World Bankrecently released its Ease of Doing Business Report, 2020. The indicator measures the performance of countries across 10 different dimensions in the 12-month period ending May 1, 2019.
  • According to the report, New Zealand retained its 1stposition whereas Somalia was ranked at 190th
  • India was placed at 63rdposition this time (2019) out of 190 countries marking an improvement of 14 places from its 77th position in 2018.
    • India’s score improvedfrom 23 in the previous year to 71.0 this year.
    • India for the third consecutive year was present in the list of 10 economies where the business climate has improved the most.
  • The essential features of India’s performance this year are:
  • India’s ranking improved basically on four parameters:
  • Starting a Business-India made starting a business easier by fully integrating multiple application forms into a general incorporation form,
  • Dealing with Construction Permits-For example, building a warehouse cost around 4% of the warehouse value as compared to 5.7% in the previous year,
  • Trading across Borders– with a single electronic platform-improved electronic submission methods for documents and upgrades to port infrastructure, import and export process became easier, and
  • Resolving Insolvency-Recovery rate under resolving insolvency has improved significantly from 26.5% to 71.6%. Also, the time taken for resolving insolvency has also come down significantly from 4.3 years to 1.6 years.
  • India continues to maintain its first positionamong South Asian countries. It was 6th (in 2014).
  • The World Bank will now include Kolkata and Bengaluru, besides Delhi and Mumbai, for preparing ease of doing business report, in order to provide a holistic picture of the business environment of the country.

 

 

 

Which are eight core industries and what are their respective weightages?

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Answer:

  • Coal – Coal Production excluding Coking coal (10.33%)
  • Crude Oil (8.98%)
  • Natural Gas (6.88%)
  • Petroleum & Refinery Products (28.4%)
  • Fertilizer (2.63%)
  • Steel (17.9%) – Production of Alloy and Non-Alloy Steel only.
  • Cement (5.37%) – Production of Large Plants and Mini Plants.
  • Electricity (19.85%) – Actual Electricity Generation of Thermal, Nuclear, Hydro, imports from Bhutan.

Enrich Your Learning:

Index of Eight Core Industries

About Core Industries:

  • Core industry can be defined as the main industry. These industries are the backbone of all other industries.
  • The Eight Core Industries comprise 40.27 % of the weight of items included in the Index of Industrial Production (IIP).

There are 8 core industries in India:

  • Coal – Coal Production excluding Coking coal (10.33%)
  • Crude Oil (8.98%)
  • Natural Gas (6.88%)
  • Petroleum & Refinery Products (28.4%)
  • Fertilizer (2.63%)
  • Steel (17.9%) – Production of Alloy and Non-Alloy Steel only.
  • Cement (5.37%) – Production of Large Plants and Mini Plants.
  • Electricity (19.85%) – Actual Electricity Generation of Thermal, Nuclear, Hydro, imports from Bhutan.

About Index of Eight Core Industries (ICI):

  • The monthly Index of Eight Core Industries (ICI) represents the production volume of all core industries.
  • The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature before the release of Index of Industrial Production (IIP) by Central Statistics Office.
  • The ICI is compiled and released by Office of the Economic Adviser (OEA), Department of Industrial Policy & Promotion (DIPP), and Ministry of Commerce & Industry.

 

 

 

What are the major agricultural products exporting from India?

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Answer:

  • Basmati rice, spices, oil meals, sugar cotton and castor oil have been leading export commodities.

Enrich Your Learning:

Boost agri exports

  • India has remained consistently a net exporter of agri-products, touching Rs 2.7 lakh crore exports and imports at Rs 1.37 lakh crore in 2018-19.
  • India occupies a leading position in global trade of agricultural products.
  • However, its total agricultural export basket accounts for a little over 2.15 per cent of the world agricultural trade.
  • The major export destinations are USA, Saudi Arabia, Iran, Nepal and Bangladesh.
  • Among agricultural commodities, basmati rice, spices, oil meals, sugar cotton and castor oil have been leading export commodities.
  • The government has taken several steps to boost agricultural exports.
  • Under Foreign Trade Policy 2015- 20, rates of reward under merchandise exports from India (MEIS) were enhanced on export of various agriculture items on 1st November, 2017 to offset high transit cost.
  • The government has recently initiated a comprehensive “Agriculture Export Policy” aimed at doubling the agricultural exports and integrating Indian farmers and agricultural products with the global value chains.
  • It has created agri cells in many Indian embassies abroad to take care of agricultural trade related issues.

 

 

 

Which country generates the largest percentage of its total electricity supply from wind?

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Answer:

  • China generates the largest percentage of its total electricity supply from wind.

Enrich Your Learning:

Wind Power in India:

  • The development of wind power in India began in the 1986 with first wind farms being set up in coastal areas of Maharasahtra (Ratnagiri), Gujarat (Okha) and Tamil Nadu (Tuticorin) with 55 kW Vestas wind turbines.
  • Wind energy is the largest renewable energy source in India.
  • Wind energy accounts for nearly 70% (23.44 GW) of installed capacity, thereby making India the world’s fifth largest wind energy producer, after China, the United States, and Germany.
  • India has currently utilized just about eight percent of its wind energy potential.
  • It can easily grow at a fast rate, possibly even outpacing the growth in the solar energy sector.
  • India’s wind capacity has grown from nearly 12 GW in 2009-10 to more than 27 GW now.
  • Almost 10 GW of this capacity addition has come in the last four years during which most of the policy focus was on solar energy.

Government Initiatives:

  • To accelerate growth in wind sector, Government, in January 2015, announced a separate Wind Mission under the National Action Plan on Climate Change (NAPCC).
  • There are also plans to increase the wind energy generation target to 100 GW by 2022 from the current 60 GW.
  • The government also announced incentives for the industry to repower their existing wind turbines.
  • Most of the windmills in the country are of low capacities and are harnessing energy that is far less than the potential.
  • As part of the incentive, the companies would get assistance from the government to replace the existing turbines with those of higher capacities.

Target 2022:

  • To reduce reliance on fossil fuels, curb global warming, to protect the environment and to accelerate development of renewable energy in the country, the Government has set a target for renewable energy capacity to 175 GW by 2021-22.
  • The renewable power target of 175 GW by 2022 will result in abatement of 326.22 million tons of CO2 eq per year.
  • The target of 175 GW by 2022 which includes 60 GW from wind power, 100 GW from solar power, 10 GW of biomass power and 5 GW from small hydropower.

 

 

 

The largest riverine island in the world, Majuli, is in which river: (a) Ganga OR (b) Brahmaputra?

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Answer: Brahmaputra

Enrich Your Learning:

  • Majuli has shrunk as the river surrounding it has grown.
  • The island is formed by the Brahmaputra Riverin the south and the Kherkutia Xuti, an anabranch of the Brahmaputra, joined by the Subansiri River in the north.
  • Majuli named world’s largest river island.
  • Majuli Island on the Brahmaputra in Assam was declared the largest river island in the world, toppling Marajo in Brazil, by Guinness World Records .
  • The river island covers an area of around 880 sqkm.
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Daily Current Flash Cards 2020 Prelims 2020
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