Tag: Banking

In this article, we will discuss Significance of Green Fins Hub. So, let’s get started.

Significance of Green Fins Hub

• It is intended to catalyse a seismic shift towards sustainability in the marine tourism sector through Green Fins membership.
• Coral reefs are home to at least 25% of marine life, are the mecca for marine-related tourism, contributing up to 40% or more of the gross domestic product in some island nations. However, they are a most vulnerable ecosystem, especially to climate change with the difference between a global temperature rise of 1.5 or 20C being existential for reefs.
• Increasing accessibility of best practice, knowledge and citizen science through the Green Fins Hub could be a game changer in ensuring a future for coral reefs and other fragile marine ecosystems.
• The platform will help diving and snorkelling operators worldwide to make simple, cost-efficient changes to their daily practices by utilising tried and tested solutions.
• It would also help them keep track of their annual improvements and communicate with their communities and customers.

In this article, we will discuss Green Fins Hub. So, let’s get started.

Green Fins Hub

• The Green Fins Hub is the first-ever global marine tourism industry platform.
• It would give sustainable marine tourism a ‘major boost’.
• It is expected to scale up to reach a potential 30,000 operators worldwide from about 700 operators across 14 countries.

In this article, we will discuss Green Fins. So, let’s get started.

Green Fins

• Green Fins is a proven conservation management approach implemented internationally by The Reef-World Foundation and the UNEP which leads to a measurable reduction in the negative environmental impacts associated with marine tourism.
• Originally established in Thailand in 2004, the Green Fins approach is a tool for supporting adoption and implementation of best practices in the diving and snorkeling tourism industry.

In this article, we will discuss IBC. So, let’s get started.

IBC

• Insolvency and Bankruptcy Code, 2016 is considered as one of the biggest insolvency reforms in the economic history of India.
• This was enacted for reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons.

In this article, we will discuss Vostok 2022. So, let’s get started.

Vostok 2022

• About: The Vostok 2022 is a multilateral strategic and command exercise scheduled to take place at seven firing ranges in the Russian Far East and the Sea of Japan, with over 50,000 troops and more than 5,000 weapons units taking part.
• It will involve troops from several ex-Soviet nations, China, India, Laos, Mongolia, Nicaragua and Syria.
• Japan’s Objection: Japan has objected to Russia’s plan to hold the maritime component of Vostok-2022 close to Northern Territories- Southern Kuril Islands, claimed by both Japan and Russia.
• Stand of India: India abstained from sending its warships as part of the exercise, as it decided to stay away from the maritime component of Vostok-2022 in order to avoid hurting the sensitivity of Japan.
• However, India kept a balanced stand as the Indian Army’s contingent of the Gorkha Regiment is participating in the military drills.

In this article, we will discuss DFCCIL. So, let’s get started.

Dedicated Freight Corridor Corporation of India Ltd.

• DFCCIL under the Ministry of Railways is a special purpose vehicle tasked with planning and completion of 3,306 kms of DFCs.
• It is headquartered in New Delhi and is a Public Sector Undertaking (PSU).
• It engages in the planning and development, deployment of monetary resources, building, upkeep, and the operation of the DFCs.

In this article, we will discuss Benefits of DFC. So, let’s get started.

Benefits of DFC

• Logistics costs will be reduced.
• Higher energy efficiency.
• Faster movement of goods.
• It is environmentally friendly.
• It will provide ease of doing business.
• Helps in generating more employment.

In this article, we will discuss Significance of DFC. So, let’s get started.

Significance of DFC

• Increased Capacity:
• The DFC shall reform the transportation sector and will create more capacity on trunk routes of Indian Railways as goods trains shall be able to run freely on DFC without any restrictions imposed by movement of passenger trains.
• Decongestion:
• Around 70% of the freight trains currently running on the Indian Railway network are slated to shift to the freight corridors, leaving the paths open for more passenger trains.
• Business Generation:
• Tracks on DFC are designed to carry heavier loads than most of Indian Railways. DFC will get track access charge from the parent Indian Railways, and also generate its own freight business.
• Punctuality:
• The new section means on the Indian Railway main line, more passenger trains can be pumped in and those trains can, in turn, achieve better punctuality.

In this article, we will discuss Dedicated Freight Corridor. So, let’s get started.

Dedicated Freight Corridor (DFC)

• It is a high speed and high capacity railway corridor that is exclusively meant for the transportation of freight, or in other words, goods and commodities.
• DFC involves the seamless integration of better infrastructure and state of the art technology.
• DFC consists of two arms:
• Eastern Dedicated Freight Corridor (EDFC):
• It starts at Sahnewal (Ludhiana) in Punjab and ends at Dankuni in West Bengal.
• The EDFC route has coal mines, thermal power plants and industrial cities. Feeder routes are also being made for these.
• The EDFC route covers Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand and West Bengal
• The World Bank is funding a majority of the EDFC.
• The 351-km-long ‘New Bhaupur-New Khurja section’ will decongest the existing Kanpur-Delhi main line and double the speed of freight trains from 25 kmph to 75 kmph.
• Western Dedicated Freight Corridor (WDFC):
• The other arm is the around 1,500-km WDFC from Dadri in Uttar Pradesh to Jawaharlal Nehru Port Trust in Mumbai, touching all major ports along the way.
• The WDFC covers Haryana, Rajasthan, Gujarat, Maharashtra and Uttar Pradesh.
• It is being funded by the Japan International Cooperation Agency.
• Connecting Link for Eastern and Western Arm: It is under construction between Dadri and Khurja.
• The industrial corridor of Delhi-Mumbai and Amritsar-Kolkata are also being developed around both these DFCs.

In this article, we will discuss India-Japan Economic Relations. So, let’s get started.

India-Japan Economic Relations

• India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.
• In the last few years, the economic cooperation between India and Japan has strengthened and grown into strategic partnership.
• Japan was the 4th largest investor for India in FY2019.
• India has been the largest recipient of Japanese ODA Loan for the past decades. Delhi Metro is one of the most successful examples of Japanese cooperation through the utilization of ODA.
• Further, Japan continues to cooperate in supporting strategic connectivity linking South Asia to Southeast Asia through the synergy between ”Act East” policy and ”Partnership for Quality Infrastructure.”