Saturday, March 25, 2023

News360 - 25th March , 2023 | Daily Current Affairs

 1. SYR of the IPCC AR6 Report Climate Change 2023: Underscores Need of Immediate Climate Action Plans


The ‘Synthesis Report (SYR) of the IPCC Sixth Assessment Report (AR6) Climate Change 2023' (Summary for Policymaker)’ released on March 21, 2023, by the United Nations’ (UN) Intergovernmental Panel on Climate Change (IPCC), highlights the prompt need to make more aggressive climate actions as the ongoing worldwide environment activity plans over the most recent 5 years are insufficient for example “insufficient” in restricting an Earth-wide temperature boost to 1.5 degrees Celsius (°C) above pre-modern levels.

The report sums up the condition of information on climate change, its boundless effects and dangers, and climate change alleviation and variation.

The typical temperatures had proactively contacted 1.1 °C over the pre-modern times.


(i) Out of the 1.1°C temperature increase, around 1.07 degree Celsius was contributed by human exercises.

(ii) The aggregate net CO2 transmitted by the world from 1850 to 2019 was around 2400±240 GtCO2 (gigatonnes of carbon dioxide), in which 58% (the greater part) happened somewhere in the range of 1850 and 1989, and around 42% happened somewhere in the range of 1990 and 2019.

(iii) The report referenced the requirment of profound, fast and supported GreenHouse Gas (GHG) outflows decreases in all areas for continuing to warm to 1.5°C above pre-modern levels.

(iv) It likewise demands to cut GHG discharge by close to half by 2030, assuming that warming is to be restricted to 1.5°C.

Normal yearly GHG outflows during 2010-2019 were higher than in any earlier ten years, while the pace of development somewhere in the range of 2010 and 2019 was around 1.3% each year.

(v) Global surface temperature was 1.09°C higher in 2011-2020 than 1850-1900 with bigger increments over land (1.59°C ) than over the sea (0.88°C).

(vi) Global surface temperature in the initial twenty years of the 21st 100 years (2001-2020) was 0.99°C higher than 1850-1900.

(vii) Almost half of the total populace lives in districts that are profoundly defenseless against environmental change.

(viii) The last 10 years, passings from floods, dry spells and tempests were multiple times higher in exceptionally weak locales.



2. CCI approves LIC AMC’s Acquisition of Management Rights of IDBI MF Schemes


On 22nd March 2023, the Competition Commission of India (CCI) approved the LIC Mutual Fund Asset Management Limited(LIC AMC)’s acquisition of the rights to manage and administer the schemes of IDBI Mutual Fund (IDBI MF) from IDBI Asset Management Limited (IDBI AMC).

The Proposed Transaction is an acquisition of a business division (i.e., assets) under Section 5(a)(i)(A) of the Competition Act, 2002.

The proposed deal entails LIC AMC’s right to manage and administer the schemes of IDBI MF from IDBI AMC. It additionally covers LIC TC's securing of the trusteeship privileges of the plans of IDBI MF from IDBI TC.

Subsequently, the IDBI MF schemes will form a part of LIC MF, with LIC TC as the trustee company for the IDBI MF schemes and LIC AMC as the asset management company for the IDBI MF schemes.
Aside from single amount thought, IDBI AMC will procure a specific non-controlling shareholding in LIC AMC.


3. Indian President visits Kerala, Tamil Nadu, and Lakshadweep: 16th to 21st March 2023 

Droupadi Murmu, President of India, visited Kerala, Tamil Nadu and Lakshadweep between the 16th and 21st March 2023.

(i) On sixteenth Walk 2023, the president visited the natively constructed present day plane carrying warship Indian Maritime Boat (INS) Vikrant.

During her visit to Kerala, She additionally presents the President's Colour to INS Dronacharya in Kochi, Kerala.

(ii) On seventeenth Walk 2023, she visited the Mata Amritanandamayi Math in Kollam and later went to the civic reception facilitated in her distinction in Thiruvananthapuram, Kerala.

(iii) On 18th March 2023, she paid tribute at Vivekananda Smarak and the statue of Thiruvalluvar and visited the Vivekananda Kendra in Kanniyakumari, Tamil Nadu.
On 18th March 2023, the President also attended another civic reception hosted in her honour in Kavaratti, Union Territory(UT) of Lakshadweep.


4. MoPSW Launches 'Green Tug Transition Programme’; India Aims to Become a Global Hub of Green Ship Building by 2030


Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping & Waterways (MoPSW), has announced the "Green Tug Transition Plan" (GTTP), in order to make India a "Global Hub for Green Ship Building” by 2030.

The GTTP programme would convert all tugboats operating in India into "Green Hybrid Tugs," running on non-fossil fuel like Methanol, Ammonia, and Hydrogen.
GTTP will first transform tugs into green hybrid tugs powered by hybrid propulsion systems, and thereafter adopt non-fossil fuel alternatives.


5. Navies of India, UK hold Bilateral Maritime Exercise 'Konkan 2023'


From March 20-22 Konkan 2023, an annual bilateral maritime exercise between the Indian Navy (IN) and the Royal Navy of the United Kingdom (UK), was held off the Konkan coast in the Arabian Sea.

Participants :

IN : INS (Indian Naval Ship) Trishul, a guided missile frigate

Royal Navy:  HMS Lancaster, a Type 23 guided missile frigate of the Royal Navy

6. Union Minister Sarbananda Sonowal inaugurates ‘Sagar Manthan’, the Real-time Performance Monitoring Dashboard of MoPSW


On March 23, 2023, the Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping and Waterways (MoPSW) virtually launched Real-time Performance Monitoring Dashboard of MoPSW.

It was introduced in the actual presence of  Minister of State (MoS) Shripad Yesso Naik, MoS, MoPSW; MoS Shantanu Thakur, MoPSW and other officials from the ministry.


7. Multi-Domain Air-Land Exercise Vayu Prahar was jointly conducted by Indian Army & Air Force


The Indian Army and Indian Air Force(IAF) jointly conducted the multi-domain 96-hour Air-Land Exercise “Vayu Prahar” along the Line of Actual Control(LAC) in the eastern command during the 2nd week of March 2023. Along with IAF, Army formations and special forces participated in the exercise.


8. World Meteorological Day - 23rd March 2023


The United Nations(UN)’s World Meteorological Day (WMD) is yearly seen across the globe on 23rd March to spread mindfulness about the way of behaving of the World's environment and to accentuate the job of people and their activities in safeguarding the climate of the Earth.


9. World Tuberculosis Day 2023 - March 24


World Tuberculosis Day is every year seen across the globe on 24th March to make mindfulness about the staggering wellbeing, social and monetary outcomes of tuberculosis (TB) and the endeavors to end the worldwide TB pandemic.

World TB Day 2023 is observed on 24th March 2023 under the theme “Yes! We Can End TB!”.


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