Current Affairs – October 2016

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President Pranab Mukherjee inaugurates World Sustainable Development Summit

President Pranab Mukherjee inaugurated the first edition of World Sustainable Development Summit (WSDS) at Vigyan Bhawan in New Delhi.

The summit was organised by The Energy and Resources Institute (TERI) with the theme Beyond 2015: People, Planet and Progress.

Key Facts

  • WSDS has replaced TERI’s earlier called Delhi Sustainable Development Summit (DSDS). The first DSDS was organised in 2005.
  • It underscored need for businesses and private sector to take lead in poverty reduction and to ensure rapid and sustained adoption of Sustainable Development Goals (SDGs).
  • It had brought together Nobel laureates, decision-makers political leaders from around the world to deliberate on issues related to sustainable development.
  • The aim of the summit is to provide various stakeholders a single platform in order to provide long-term solutions for the benefit of the global community.
  • 2016 WSDS also hosted events like World CEO Sustainability Summit, Thematic Tracks, Media Colloquium, Youth Leaders and Greenovation Exhibition.
For more information: About TERI

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India seeks greater Pharma market access in Japan

India is seeking greater market access for the domestic pharmaceuticals sector in the Japanese market as India’s share in the Japanese drug market continued to be below par.

It was announced by Union Commerce Minister Nirmala Sitharaman in seminar on promoting India’s exports to Japan under India-Japan CEPA (Comprehensive Economic Partnership Agreement) in New Delhi.

Why India seeks greater Pharma market access in Japan?

  • India’s strength in pharma sector is well established. Share of India in the Japanese drug market continued to be low. It is limited mostly to active pharmaceutical ingredients (API).
  • Japanese pharmaceutical market offers a huge untapped potential for Indian pharma industry. This is coupled with the decision of Japanese Government towards attaining an 80% share of generic medicines by 2018.
  • This will provide an opportunity for the generic drug industry of India. Thus, it will be win-win situation for both countries as there is demand for generic medicines in Japan and India has capability to meet this demand.

Background

  • Japan is one of the closest and most reliable trading partners of India.
  • Both countries bilateral ties were elevated to status of special strategic and global partnership during Prime Minister Narendra Modi visit to Japan in 2014.
  • The CEPA between both countries is one of the most comprehensive agreements concluded by India and it had come into force in August, 2011.
  • The bilateral trade between India and Japan pre-CEPA in 2010 was $10.4 billion and currently in 2016 stands at $14.5 billion.
  • However, India’s trade deficit with Japan increasing from $3.1 billion before the CEPA was inked in 2011 to $5.2 billion thereafter.

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Sikkim CM Pawan Chamling honoured with Sustainable Development Leadership Award

Sikkim Chief Minister Pawan Chamling was honoured with prestigious Sustainable Development Leadership Award of the The Energy and Resources Institute (TERI).

He was presented with the award by President Pranab Mukherjee during “World Sustainable Development Summit” in New Delhi.

The award bestowed upon him in recognition of his vision and leadership in environment and sustainable development that made Sikkim India’s first into a fully organic state.

Background

  • Sikkim is only state in India that has attained the official status of fully organic state in January 2016 announced by Prime Minister Narendra Modi.
  • Around 75,000 hectares of land in Sikkim has been converted into certified organic farms following the guidelines as prescribed by National Programme for Organic Production.
  • Sikkim contributes around 80,000 tonnes of organic production out of total 1.24 million tonnes of recorded production in India.
For more details: Sikkim, India’s First Organic State

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