03.11.21 Daily [Uttar Pradesh] UPPSC Current Affairs

More than 52.3 lakh investor accounts of UP are registered in the stock market and UP ranks at third position in the country

The government said more than 50 lakh investors of UP were trading in Bombay Stock Exchange and UP had become the third force in the country’s stock market.

According to BSE officials, there were a total of 6.9 crore Demat accounts in the country till May 31 out of which, 25 per cent of accounts are from Maharashtra, 85.9 accounts from Gujarat. Gujarat is followed by Uttar Pradesh with 52.3 lakh accounts, Nadu with 42.3 lakh and Karnataka with 42.2 lakh accounts.

Apart from this, there are 39.5 lakh Demat accounts from Bengal, 37.3 lakh from Delhi, 36 lakh from Andhra Pradesh, 34.6 lakh from Rajasthan, 25.7 lakh from Madhya Pradesh, 21.2 lakh from Haryana, 20.7 lakh from Telangana, 19.4 lakh from Kerala, 15.2 lakh from Punjab and 16.5 lakh from Bihar.

As per SEBI guidelines, Demat accounts that are not used for more than one year are considered inactive. At present, the Demat accounts of investors active in the stock market from UP have not been closed and new investor accounts from UP are being registered in the stock market continuously.

This scenario is in stark contrast to the situation four and a half years back when the activity of the people of UP in the stock market was negligible because business activity was abysmal in the state. In the year 2017, Chief Minister Yogi Adityanath made the state sharply oriented towards development. Since then, Uttar Pradesh is now running on the path of rapid development.

The Indian government has released a draft mediation bill for public comment, which aims to protect petitioners’ rights to approach competent adjudicatory forums.

Highlights:

Pre-litigation mediation is included in the Draft Mediation Bill.

The bill protects litigants’ rights to seek urgent remedy from competent adjudicatory forums and courts.

The bill states that the successful outcome of mediation is now legally enforceable in the form of a Mediation Settlement Agreement.

The Mediation Settlement Agreement is the result of the parties’ mutual agreement. As a result, it has been allowed to be challenged on limited grounds.

According to the bill, the mediation process protects the confidentiality of the mediation.

It also grants immunity from disclosure in certain circumstances.

At the COP 26 Climate Meeting in Glasgow, Prime Minister Narendra Modi and Boris Johnson jointly inaugurated the ‘One Sun, One World, One Grid’ (OSOWOG) initiative.

Highlights:

The goal of this project is to create a “trans-national electrical grid” that will supply to people all over the world.

‘The Sun Never Sets,’ is OSOWOG’s vision. At any one time, it is a constant in some geographical region in the world.

This is India’s most ambitious project to date, and it has huge economic implications. It has been taken up as part of the World Bank‘s technical support program.

The International Solar Alliance will also be used in this strategy (ISA).

Bharat Biotech’s Covaxin has been approved by the WHO, with the technical advisory team recommending the India-made vaccine for emergency use in anyone aged 18 and up.

Highlights:

This is a significant step forward in India’s fight against Covid-19.

Covaxin is a vaccine developed by Hyderabad-based Bharat Biotech and the Indian Council of Medical Research.

It is totally “made in India.” Pfizer-BioNTech, AstraZeneca-SK Bio/Serum Institute of India, Johnson 7 Johnson Janssen, Moderna, and Sinopharm have all had their Covid-19 Vaccines authorized by the WHO for emergency use.

Last month, the technical advisory panel requested additional clarity from Bharat Biotech for its final risk assessment, which caused the emergency listing to be postponed.

Covaxin has been recommended for emergency use listing by the technical advisory group, which met to make the final decision.

The QS World University Rankings for 2022 have been issued by QS (Quacquarelli Symonds).

Highlights:

For the fourth year in a row, the National University of Singapore (NUS) has topped the rankings.

Peking University in China is ranked second, followed by Nanyang Technological University in Singapore and the University of Hong Kong in Hong Kong.

The only two Indian institutes in the Top-50 are the Indian Institute of Technology Bombay (IITB) (42nd regionally) and IIT Delhi (45th regionally).

IIT Madras, which was ranked 50th last year, has dropped four places to 54th. India has 118 universities, followed by China, which has 126 institutions.

PM Narendra Modi has proposed a five-fold strategy for India to play its role in helping the world to get closer to 1.5 degrees Celsius, in a global Climate meet (COP26) in Glasgow.

Highlights:

Prime Minister Modi dubbed his plan ‘Panchamrita,’ which literally translates to ‘five ambrosia.’

Panchamrita is a traditional method of combining five natural foods: milk, curd, ghee, honey, and jaggery.

In Ayurveda, a procedure known as panchmrita is used. It’s also employed in Hindu and Jain religious ceremonies.

India has a Population of 17% of the world’s population. However, it only accounts for 5% of total emissions. India is ranked fourth in the world in terms of capacity.

Panchamrita
By 2030, India plans to grow its non-fossil energy capacity to 500 gigawatts.

Until 2030, India will be able to cover 50% of its energy needs with renewable energy.

By 2030, India will have reduced carbon emissions by one billion tonnes.

By 2030, India will have reduced its carbon intensity by 45 percent.

By 2070, India will have achieved net-zero emissions.