Daily Current Affairs Quiz: 7 June 2021

ANSWER: D

Why in News ?

• World Sustainable Development Summit was organised on the eve of World Environment Day. Union Minister for Environment, Forest and Climate Change, Prakash Javadekar, addressed the summit and underlined the importance of water conservation by adopting conservation technologies and changing water use habits.
• It is the annual flagship event of The Energy and Resources Institute (TERI).

Theme of Summit

• World Sustainable Development Summit 2021 was held under theme “Redefining our common future: Safe & Secure Environment for All”.

Highlights

• According to the minister, availability of water is continuously declining and agriculture sector alone consumes 85 percent of available water. Thus, water conservation methods should be used in Agriculture to manage available water resources efficiently.

ANSWER: A

Why in News ?

India’s largest power utility, NTPC Ltd, has become a signatory of UN Global Compact’s CEO Water Mandate.

About:

• CEO Water Mandate is a coveted league of companies focusing on efficient water management.
• Chairman and Managing Director of NTPC, Shri Gurdeep Singh, has joined a select group of business leaders who recognize importance of water stewardship and is working to conserve water.

CEO Water Mandate

It is a UN Global Compact initiative which demonstrate commitment and efforts of companies to enhance their water and sanitation agendas in line with Sustainable Development Goals. It has been designed to assist companies in developing, implementing and disclosing comprehensive water strategies and policies. It provides a platform for companies to link with like-minded businesses, public authorities, UN agencies, civil society organizations etc.

  ANSWER: D

Why in News ?

• Lieutenant Governor of Ladakh, RK Mathur, launched the YounTab scheme for students. Under the scheme, about 12,300 tablets were distributed among them in Leh.

About:

• It is an initiative of Department of School Education. It was launched with the technical support of Information Technology Department. Under the scheme, 12,300 tablets with preloaded online and offline content like textbooks, video lectures and online class applications would be distributed among students from Class 6th to 12^thin government schools. Scheme was launched as an attempt for long term technology infusion in education system.

 ANSWER: C

Why in News ?

• Parliament of Denmark has approved plans for an artificial island which will house 35,000 people and help in protecting port of Copenhagen from rising sea levels.
  • Lynette Holm Island
• This giant island would have an area of 1 sq mile and would be connected to mainland through ring road, tunnels and metro line. Plans include construction of a dam system across its perimeter. This dam will help in protecting the harbour from rising sea levels and storms.

ANSWER: A

Why in News ?

• As per Geological Disaster Technology Research and Development Centre, Indonesia’s Merapi volcano erupted four times with lava spreading to 1,500 metres from crater.
  • Most Active Volcano
• Merapi is considered as Indonesia’s most active volcano. It erupted four times and experienced 43 avalanche earthquakes. Mountain was belching thick white smokes as high as 50 meters above the mountain’s peak.

Mount Merapi

• In Indonesian and Javanese language, Merapi means Fire Mountain. It is an active stratovolcano located on border of Central Java and Yogyakarta in Indonesia. The most active volcano, has erupted regularly since 1548. It is located near Yogyakarta city with population of 2.4 million. Several people live in villages on flanks of volcano as high as 1,700 metres which result into fatalities. It has been designated as one of Decade Volcanoes.

ANSWER: A

Why in News ?

Recently, the International Energy Agency (IEA) published the World Energy Investment Report, 2021.

About IEA:

• It is an autonomous Intergovernmental Organisation established in 1974 in Paris, France.
• IEA mainly focuses on its energy policies which include economic development, energy security and environmental protection. These policies are also known as the 3 E’s of IEA.

ANSWER: C

Why in News ?

• Film Division is organising an online festival on environment called “Oasis of hope” on the occasion of World Environment Day 2021.

About Oasis of Hope Festival

• Oasis of hope festival will be organised on 5^thand 6^th June 2021 to mark the importance of world environment day (WED). It will celebrate the spirit of key words of WED namely, “REIMAGINE, RECREATE, RESTORE”. This 2-day festival will showcase films giving strong message on reviving environment and reimagining nature’s co-existence. It will also suggest several ways to restore inseparable relationship of human being and nature. Streaming will be done on Films Division website and Youtube channel.

Green Package

Films under ‘green package’ include:

1. Jungle Man Loiyaa– It highlights story of Loiya Ngamba who is a nature lover from Manipur. Movie is a story of reorienting man’s relationship with nature.
2. Living the Natural Way– This movie is about Mishing tribes from small Brahmaputra Island and highlights how changing climate & environment has shattered their traditional way of living.
3. My Son Neo– This movie is about, how a five-year-old boy grows up amidst natural environment.
4. Plastic World– this animated movie portrays vast and arid dystopian landscape of future, covered in plastic waste and alerts over hazardous effects of plastic.

ANSWER: B

Why in News ?

Recently, Group of seven (G7) advanced economies signed a landmark deal on taxing multinational companies. As per the deal, minimum global tax rate would be at least 15 percent.

About:

Agreement was signed by finance ministers of United Kingdom, United States, Germany, Canada, France, Italy and Japan. It opens way for levies on multinational companies in countries where they operate rather than just where they are headquartered.

Why new system was proposed ?

Old system of global taxation was being criticized over the years as it allowed big companies to save billions of dollars in tax bills by shifting their jurisdictions. Major digital companies were making money in multiple countries and paying taxes only in home country. Thus, this proposal was made which would impose an additional tax on several multinational companies and technology giants like Facebook, Amazon and Google to pay taxes to countries based on where their goods or services are sold irrespective of their physical presence there. The deal seeks to modernize century-old international tax code.