15 Oct 2021: PIB Summary & Analysis

TABLE OF CONTENTS

1. International Monetary and Financial Committee (IMFC) of the IMF
2. India-U.S.A. Economic & Financial Partnership Dialogue
3. Dr APJ Abdul Kalam
4. Stubble Burning

1. International Monetary and Financial Committee (IMFC) of the IMF

Context:

Finance Minister attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) of the IMF in Washington D.C.

Details:

• The meeting was attended by Governors/Alternate Governors representing 190 member countries of the IMF.
• The discussions at the meeting centred on “vaccinate, calibrate and accelerate” which is the theme of the Managing Director’s Global Policy Agenda.
• The Finance Minister Nirmala Sitharaman conveyed that India recognises that universal vaccination is the key to stemming the spread of the virus.
• She asserted that the stark differences in vaccination coverage of low-income countries and advanced countries is of concern and it is critical that we address vaccine inequity.

About IMFC Meeting:

• The IMFC meets twice a year, once during the Fund-Bank Spring Meetings in April, and again during the Annual Meetings in October.
• The Committee discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work.

2. India-U.S.A. Economic & Financial Partnership Dialogue

Context:

8th ministerial meeting of India-U.S.A. Economic & Financial Partnership Dialogue held in Washington D.C.

Details:

• During the meeting, discussions were held on various subjects such as the macroeconomic outlook and recovery from the COVID-19 pandemic, financial regulatory and technical collaboration, multilateral engagement, climate finance and anti-money laundering and combating the financing of terrorism (AML/CFT).
• The India – USA Economic & Financial Partnership was launched in 2010 as a framework to cement the economic bonds between the two nations and build a foundation for greater cooperation and economic growth in the future.

Also read: India – US relations

3. Dr APJ Abdul Kalam

Context:

PM pays tributes to Dr APJ Abdul Kalam on his Jayanti.

Know more about former President Dr APJ Abdul Kalam in This Day in History dated Oct 15.

4. Stubble Burning

Context:

Active paddy residue burning events in Punjab, Haryana and 8 NCR districts of U.P. comes down significantly.

Details:

• As per the report based on the protocol framed by ISRO for the Commission for Air Quality Management (CAQM), paddy residue burning events have been reduced by 69.49% in Punjab, by 18.28% in Haryana and by 47.61% in the 8 NCR Districts of Uttar Pradesh during the one-month period compared to the same period last year.
• Hotspots of stubble burning:
  • The major hotspots of paddy residue burning in the state of Punjab are Amritsar, Tarn Taran, Patiala and Ludhiana.
  • These four districts account for 72% of stubble burning
  • Similarly, the major hotspots in Haryana are Karnal, Kaithal and Kurukshetra.
  • These 3 districts account for 80% of the stubble burning incidences.

Read previous PIB here.

October 15th, 2021, PIB:- Download PDF Here