DAILY GK 1 JUNE 2024

 DAILY GK 1 JUNE 2024 

1.         UNDP & GEF LAUNCHED USD 135M BLUE AND GREEN ISLANDS INTEGRATED PROGRAMME

·           The United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) jointly launched a new USD 135 million Blue and Green Islands Integrated Program (BGI-IP), a transformative and comprehensive initiative designed to address pressing environmental challenges faced by Small Island Developing States (SIDS).

·           The initiative was launched during the 4th International Conference on SIDS (SIDS4) held in Antigua and Barbuda under the overarching theme of  “Charting the course toward resilient prosperity”.

·           BGI-IP initiative aims to emphasise the crucial role of nature and expand nature-based solutions to combat environmental degradation in 3 key sectors, urban development, food production, and tourism.

·           This will support 15 SIDS, which were selected through a competitive “Expressions of Interest” process, representing all SIDS sub-regions (the Caribbean, the Pacific, and the Atlantic, Indian Ocean and South China Sea (AIS)).

 

2.         TIME100 MOST INFLUENTIAL COMPANIES 2024

·           Three Indian Companies namely Reliance Industries Limited (RIL), Tata Group and Serum Institute of India (SII) are featured on the “TIME100 Most Influential Companies 2024” published by TIME, the New York based American Magazine.

·           RIL and Tata Group are been featured under the “Titans” category and SII is featured under the “Pioneer” category.

·           Rare Beauty, founded by American Singer and Actor Selena Gomez, is featured under the “Leaders” categories.

·           The list also featured noted companies like Microsoft, TikTok, Disney, Pfizer and Bank of America under Titans category; Google and Huawei under Innovators category.

 


3.         INDIA TAKES OVER THE CHAIRMANSHIP OF THE COLOMBO PROCESS FOR 2024-2026

·           India has taken over the chairmanship of the Colombo Process for the term (2024 – 2026).

·           It is the first time that India has assumed the chairmanship of the Colombo Process since its inception in 2003.

·           Colombo Process is a regional consultation process of migrant worker origin countries from South and SouthEast (SE) Asia.

·           It is a non-binding process that facilitates discussions on improving the management of migration and protecting the rights of migrant workers.

·           The Colombo Process has 12 member states of Asia and 8 observer states.

·           The 12 Member States are: Afghanistan, Bangladesh, China, India, Indonesia, Nepal, Pakistan, the Philippines, Sri Lanka, Thailand, Vietnam and Cambodia.

·           The 8 observer states are: Bahrain, Italy, Kuwait, Malaysia, Qatar, Republic of Korea, Saudi Arabia and the United Arab Emirates (UAE).

 

4.         WORLD NO-TOBACCO DAY 2024 – MAY 31

·           World No-Tobacco Day (WNTD) is annually observed across the globe on 31st May to draw attention to the global tobacco epidemic, and the preventable death and disease caused by tobacco.

·           The observance of WNTD is led by the World Health Organisation (WHO).

·           The theme of WNTD 2024 is “Protecting children from tobacco industry interference”.

·           The WHO established World No Tobacco Day in 1987 to highlight the tobacco epidemic and the preventable death and disease it causes.

 

5.         ADB PLEDGES $2.6 BILLION IN SOVEREIGN LOANS TO INDIA        

·           The Asian Development Bank (ADB) committed $2.6 billion in sovereign lending to India in 2023 for projects that aim to strengthen urban development, support industrial corridor development, promote power sector reforms, build India’s climate resilience, support horticulture, and enhance connectivity.

·           The loans aim to foster India's structural transformation, job creation, infrastructure enhancement, green growth, and socioeconomic inclusiveness, and integrate smart technologies and innovations.

·           ADB also extended $23.53 million in technical assistance and $4.1 million in grants under the sovereign portfolio.

·           India's Relationship with ADB: India is a founding member and one of the largest shareholders of ADB, headquartered in the Philippines.

·           ADB focuses on development in the Asia-Pacific regions.

·           Sovereign debt is the government debt of a country, a sovereign nation.

·           It is also referred to as government debt, national debt, public debt, or country debt.

·           The sovereign debt of a country consists of all its debt liabilities to both domestic and foreign creditors.

·           ADB Established : 1966

·           President : Masatsugu Asakawa

·           Membership : 68 members, including 49 regional members (countries in Asia and the Pacific) and 19 non-regional members (countries outside the region)

 

6.         PRAGATI-2024

·           The Central Council for Research in Ayurvedic Sciences (CCRAS) has launched the Pharma Research in Ayur Gyan And Techno Innovation (PRAGATI-2024) initiative to foster research and innovation in Ayurveda.

·           PRAGATI-2024 aims to facilitate collaborative research between CCRAS and the Ayurveda drug industry, fostering growth and innovation in the sector.