04 December 2018: UPSC Exam PIB Summary & Analysis

Read the daily PIB update and stay up-to-date on current affairs for the UPSC exam

NAVY DAY

Context: It is celebrated to commemorate the launch of Operation Trident by the Indian Navy against Pakistan on 4th December, 1971.

About:

  • During 1971 India-Pakistan war, Indian Navy had played a significant role in the bombing of Karachi harbour, the stronghold of Pakistani Navy.
  • In the attack, the Indian navy sank four vessels and ravaged the Karachi harbour fuel fields.
  • In this operation, three missile boats of Indian Navy, INS Nirghat, INS Nipat and INS Veer had played pivotal role in this mission.

Ministry of Railways Signs an MoU with Madame Tussauds Wax Museum

Context: Ministry of Railways’ National Rail Museum (NRM) and Madame Tussauds Wax Museum join hands together to provide an amazing combo offer to Delhi NCR tourists. As a part of the collaboration, a special discount of 35% on ticket prices will be offered to NRM visitors when they visit Madame Tussauds Museum. Similarly, Madame Tussauds Wax Museum visitors will be getting an attractive discount of 30% on combo packages of NRM.

Importance: It is envisaged that this innovative, first time ever, public-private museum collaboration, shall attract more tourists to both National Rail Museum and Madame Tussauds Wax Museum.

Background:

  • National Rail Museum (NRM), managed by Indian Railway, is one of the top edutainment tourist destinations of Delhi NCR area having annual footfall of more than 5 lakhs. NRM offers railway history, heritage, nostalgia, games & children activity all bundled together at one place.
  • Madame Tussauds wax museum is a leading chain of Wax Museums in the world. In 2017, Madame Tussauds opened its 23rd Wax museum in Connaught Place (CP), New Delhi. This is the first wax museum in India of this renowned brand.

The first ever Swadesh Darshan Project in the state of Nagaland to be inaugurated

Context: Development of Tribal Circuit: Peren-Kohima-Wokha Project” will be inaugurated by the Chief Minister of Nagaland Shri Neiphiu Rio in the presence of  Union Minister of State (I/C) for Tourism, Shri K.J. Alphons and Advisor for Tourism, Art & Culture, Government of Nagaland, Shri H. Khehovi Yepthomi at Kisama Heritage Village in Nagaland

About:

  • The project “Development of Tribal Circuit: Peren-Kohima-Wokha” was sanctioned by the Ministry of Tourism
  • Swadesh Darshan scheme is one among the flagship schemes of the Ministry of Tourism for development of thematic circuits in the country in a planned and prioritised manner.
  • Under this scheme, the Government is focussing on development of quality infrastructure in the country with objective of providing better experience and facilities to the visitors on one hand and on other hand fostering the economic growth.

India Water Impact Summit-2018 to be held from 5th December

Context: Union Minister for Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari will inaugurate India Water Impact Summit 2018

About:

  • Summit is being jointly organized by the National Mission for Clean Ganga (NMCG) and the Centre for Ganga River Basin Management and Studies (cGanga) from 5-7 December 2018 in New Delhi.
  • The India Water Impact Summit is an annual event where stakeholders get together to discuss, debate and develop model solutions for some of the biggest water-related problems in the country.
  • A number of Indian Central Government Ministries, as well as all key decision makers responsible for delivering the rejuvenation of the Ganga, will also be present at the Summit.

The Summit will focus on three key aspects:

Spotlight on 5 states: Uttarakhand, Uttar Pradesh, West Bengal, Delhi and Bihar. The objective is to showcase the efforts and works going on within the respective states.

Technology and Innovation: Implementation of the pilot/demonstration programme known as the Environment Technology Verification (ETV) process.

Ganga Financing Forum: The 2018 Summit also introduces the inaugural Ganga Financing Forum that will bring a number of institutions to a common knowledge, information and partnership platform. The Hybrid Annuity Model has redefined the economic landscape of water and waste-water treatment in India.


Ministry of Finance releases Discussion Paper entitled “3 Essential “S”s of Climate Finance

Context: Department of Economic Affairs, Ministry of Finance, released a Discussion Paper entitled “3 Essential “S”s of Climate Finance – Scope, Scale and Speed: A Reflection” on the sidelines of COP 24 to UNFCCC at Katowice, Poland.

About:

  • The Discussion Paper examines analytically the scope, scale and speed required in climate finance. While the financial requirements of developing countries run into trillions of Dollars, the commitments made by the developed countries for enhancement and support in relation to climate finance is not clearly translated into reality. Equally important is the issue of reporting and tracking of climate finance.
  • The Discussion Paper finds serious concerns with the various numbers on climate finance reported by the developed countries. Definitions of climate change finance used in various reports were not consistent with the UNFCCC provisions. Methodologies used were also questionable.
  • This Paper attempts to identify the essential elements, step by step, for a robust and transparent accounting of climate finance flows from developed to developing countries.
  • Climate change issues have taken centre-stage in the recent times with various scientific reports pointing to the serious effects of climate change and global warming. The urgency for global climate action cannot be overemphasised.

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