Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

Enter Your Email Address To Subscribe Current Affairs Daily Digest, Daily Quiz and other updates on Current Affairs:

India’s Largest Municipal Bond Programme Launched

Union Urban Development Minister Venkaiah Naidu has launched India’s largest municipal bond programme after banging a gong to incorporate the Pune Municipal Corporation (PMC) in the list of BSE (Bombay Stock Exchange).

Salient Highlights

The Pune Municipal Corporation (PMC) became the first municipal corporation in the country to tap money through municipal bonds in 14 years. The AA+ rated PMC’s municipal bonds raised Rs 200 crore at 7.59 per cent rate at the Bombay Stock Exchange (BSE).

This is the first-ever mobilisation of debt capital by a municipal corporation on the BSE BOND platform. This will also be the first issuance since the publication of ‘Issue and Listing of Debt Securities by Municipalities Regulations, 2015’ by Securities and Exchange Board of India (SEBI).

The 10-year bonds will be used by the Pune Municipal Corporation (PMC) for a Rs 2,300-crore water project. The scheme is aimed at providing water 24×7 for all residents of Pune.

Pune Municipal Corporation (PMC) was assisted by the US Department of Treasury to create a debt policy. PMC has also planned to prepare a case study based on its experience and share it with other urban bodies to help them raise money from the bond markets.

Since the bonds do not have any guarantee from the state government, an escrow account has been created to deposit the funds for the comfort of investors.

Municipality Bonds

Municipality bonds can be issued by the city corporations to fund developmental projects. Institutional investors, as well as the public, can buy these bonds. The corporations can use the revenues earned from the developmental projects like Metro rail network to repay the interest and principal on these bonds. These municipal bonds have now been permitted for public offering by SEBI.

Municipal bonds have been in existence in India from the year 1997. Cities such as Ahmedabad, Bengaluru, Nashik and Madurai have already issued them. These bonds will help the city corporations to directly raise funds without the help of grants from the state governments or agencies such as World Bank.

Tags:

Uttarakhand and Haryana Declared Open Defecation Free States

Under the Swachh Bharat Mission Gramin (SBM-G), rural Uttarakhand and rural Haryana have been declared as the 4th and 5th Open Defecation Free (ODF) States of India. Already, Sikkim, Himachal Pradesh and Kerala, have been declared ODF.

As per the government sources, nationally the sanitation coverage has increased from 42% to over 64% since the launch of SBM. Uttarakhand has 13 districts, 95 blocks, 7256 gram panchayats and 15751 villages while Haryana has 21 districts, 124 blocks, and 6083 gram panchayats. All these have been declared as ODF. With this, the total number of ODF states in the country have increased to 5 covering more than 2 lakh villages and 147 districts across the country.

Background

The Swachh Bharat Mission (SBM) was launched in October 2014 to achieve universal sanitation coverage and to put focus on sanitation. The mission aims to achieve Swachh Bharat or make India clean by 2019, as a fitting tribute to the 150th Birth Anniversary of Mahatma Gandhi. The SBM consists of two sub-missions Swachh Bharat Mission (Gramin), implemented in rural areas, and Swachh Bharat Mission (Urban), implemented in urban areas. SBM-G seeks to eliminate open defecation in rural areas by improving access to sanitation by ensuring the use of toilets, besides their construction. It also seeks to generate awareness to motivate communities to adopt sustainable sanitation practices, and encourage the use of appropriate technologies for sanitation.

Open defecation is an important factor for causing various diseases like intestinal worm infections, diarrhoea, polio, hepatitis etc.

Tags:

UN: India to become more Populous than China by 2024

According to the World population Prospectus: The Revision released by the United Nations, India with 1.3 billion inhabitants would surpass China’s population of 1.4 billion by 2024, to become the World’s populous country.

Salient Highlights

Despite the drop in universal fertility rates, the UN report expects the world’s total population to hit 9.8 billion by 2050. As per the report, the world’s population is at present 7.6 billion up from 7.4 billion last year. The increase in population was spurred by the relatively high levels of fertility in developing countries. With an addition of 82 million people every year, UN expects a continuation of the upward trend in population size. At this rate, the world population is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and surpass 11.2 billion in 2100.

As per the report, the concentration of global population growth in the poorest countries is presenting a challenge. The population growth is expected to come from the 47 least developed countries where the fertility rate is around 4.3 births per woman. At this rate, the population in these countries would reach 1.9 billion people in 2050. It presents a challenge as the world seeks to implement the 2030 Sustainable Development Agenda, which is aimed to end poverty and preserve the planet.

Further, the birth rates in African countries are expected to at least double by 2050, despite fertility rates falling from 5.1 births per woman up to 2005 to 4.7 births in the five years following. In contrast, birth rates in Europe are seeing an increase which has increased up to 1.6 births per woman, up from 1.4 births in 2000-2005.

As per the report, the overall reduction in fertility rates is expected to result in the ageing population, with the number of people above the age of 60 or over is likely to become more than double by 2050 and triple by 2100, from the current 962 million to 3.1 billion. Africa which has the youngest age distribution for any region is expected to experience a rapid ageing of its population.

According to the report, Nigeria which is currently at the seventh place is expected to become the third most populous country by 2050 replacing the US.

World population Prospectus: The Revision

The 2017 Revision of World Population Prospects is the twenty-fifth round of official United Nations population estimates prepared by the Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat. The findings are presented for each development group, income group, region, subregion and country or area for the period 1950-2100.

Tags: