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10th Oct, 2020

Property Cards to be distributed under SVAMITVA scheme 

Indian Prime Minister will launch the physical distribution of Property Cards under the SVAMITVA Scheme on October 11, 2020 to transform rural India.

SVAMITVA scheme

It was launched in April 2020. 

Aim: To provide the record of rights to village household owners in rural areas and issue Property Cards.

It is being implemented across India in a phased manner over a period of four years. 

It will cover around 6.62 lakh villages 

The launch will enable around 1 lakh property holders to download their Property Cards through the SMS link delivered on their mobile phones. 

This would be followed by physical distribution of the Property Cards by the respective State governments.

The move will pave the way for using property as a financial asset by villagers for taking loans and other financial benefits.


Nobel Peace Prize For 2020 announced

The Nobel Peace Prize for 2020 will be given to the World Food Programme (WFP) for its efforts to combat hunger.

In 2019, the WFP provided assistance to close to 100 million people in 88 countries who are victims of acute food insecurity and hunger.

The World Food Programme was an active participant in the diplomatic process that culminated in May 2018 in the UN Security Council’s unanimous adoption of Resolution 2417, which for the first time explicitly addressed the link between conflict and hunger.

The World Food Programme (WFP) is the food-assistance branch of the United Nations. 

It is the world’s largest humanitarian organization focused on hunger and food security.

In 2015, eradicating hunger was adopted as one of the UN’s Sustainable Development Goals. 

The WFP is the UN’s primary instrument for achieving this goal.

Founded in: 1961. 

Headquarter: Rome


Contraction in GDP of India in 2020-21: World Bank

Recently, the World Bank has released its South Asia Economic Focus report which estimated that India’s Gross Domestic Product (GDP) can contract by 9.6% for the year 2020-21.

This estimate is lower than the earlier forecast of 3.2% contraction which was made in June, 2020.

It is due to the impact of the national lockdown against the outbreak of the Covid-19 pandemic. 

Households and small urban service firms experienced income shock .

The manufacturing and exporting industries may face reduced growth.

The construction sector may also face slowdown.

These disruptions to jobs will increase the poverty rate. 2020 rates may go back to levels in 2016.

The economic slowdown could lead to rising loan non-repayment and risk aversion impacting the

Financial markets also. 

However, India’s growth is estimated to rebound to 5.4% in 2021-22.


Arctic Amplification phenomenon

A team of scientists have identified iodic acid (HIO3) which is driver of new aerosol particle formation in the Arctic. 

This is responsible for Arctic Amplification or Arctic Warming.

Also, presence of Iodic acid in the region had not been observed previously.

Over the past 30 years, the Arctic has warmed at roughly twice the rate as the entire globe. This phenomenon is known as Arctic amplification.

Global warming and climate change are impacting the Arctic more than the rest of the world.

Changes have become much more pronounced since the 1980s.

These aerosol particles influence the formation of clouds. 

These clouds reflect solar radiation which is known as Aerosol Radiative Forcing. 

Also, clouds can retain heat on the Earth’s surface. Thus, they have an influence on the warming of the Arctic.

Reasons for Arctic Amplification 

Change in Albedo: It is a measure of how much light that hits a surface is reflected without being absorbed.

Changing Ocean currents: Ocean currents normally bring in warmer water from the Pacific, and colder water exits out of the Arctic into the Atlantic. However, such currents may be changing because more melting ice is injecting the Arctic Ocean with freshwater. 

Changing Weather: Ocean currents also drive the polar jet stream, which moves hot and cold air masses around the Northern Hemisphere. This happens due to temperature differences between the Arctic and the tropics. But as the Arctic warms, the jet stream now undulates wildly north and south due to which the Arctic gets warm air.

There is no Antarctic amplification.

Antarctic warming is not as alarming as Arctic Warming. 

This is so because Antarctica is surrounded by the vast Southern Ocean, which is soaking up much of the atmosphere’s excess heat.


 






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