Current Affairs – March, 2019

Current Affairs 2019 (March) with Latest Current Affairs and news summary on current events of national and international importance for UPSC, Banking, SSC, CLAT, State PCS, IBPS, Railways and other Competitive Examinations.

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Special Stamps on Ice Stupa Released

India Post released a special stamp cover on Ice Stupa in Leh at an event in the presence of Himalayan Institute of Alternatives Ladakh founder Sonam Wangchuk who spearheaded the Ice Stupa initiative.

Ice Stupa

  • Ice Stupas refer to the artificial glaciers which freeze and hold the water that keeps flowing and wasting away down the streams and into the rivers throughout the winter.
  • Instead, the water from these artificial glaciers melt in the springtime, just when the fields need
  • Leh lies in the cold desert region and most villages in the region face acute water shortage, particularly during the two crucial months of April and May when there is little water in the streams whereas in June there is an excess of water and even flash flooding due to the fast melting of the snow and glaciers in the mountains.
  • By September all farming activities end and yet a smaller stream flow throughout the winter steadily but wastefully going into the Indus river without being of use to anybody.
  • Hence the idea of ice stupa from artificial glaciers which store this wasting winter water in the form of ice mountains that melt and feed the farms when water is most needed by the farmers was initiated.

Ice Stupas are aimed at reducing water crisis in the region and also to convey a message to the world that how the Mountain people are forced to do such innovative ideas to solve the water crises, Ice Stupas also sends a message to all the people who live in big cities to not use resources in such a way that it creates problem for mountain people.

Month: Categories: EnvironmentUPSC

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Worldwide Cost of Living Survey 2019 by Economist Intelligence Unit

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019.

Findings of the Survey

  • For the first time in its 30-year history, three cities have been accorded the title of the world’s most expensive city in the Worldwide Cost of Living Survey from The Economist Intelligence Unit.
  • Singapore which top’s of the rankings for the sixth consecutive year is joined there by Hong Kong and Paris.
  • Zurich in Switzerland stood at the fourth position followed by Japan’s Osaka which shared fifth place with Geneva, also in Switzerland.
  • Seoul (South Korea), Copenhagen (Denmark) and New York (US) were jointly placed at the seventh spot.
  • Los Angeles (US) along with Israel’s Tel Aviv was named the 10th most expensive city in the world.
  • The cost of living in Chinese cities remains relatively stable, while Southeast Asian destinations were moving up the ranks.
  • Weaker local currencies have pushed all five Australian and two New Zealand cities surveyed down in the ranking.
  • While parts of Asia remain the most expensive places on Earth, Asian Cities also makes several appearances at the bottom of the list.
  • World’s cheapest cities include Caracas (Venezuela), Damascus (Syria), Tashkent (Uzbekistan), Almaty (Kazakhstan), Karachi (Pakistan), Lagos (Nigeria), Buenos Aires (Argentina) as well as the three Indian cities of Bengaluru, Chennai and Delhi.

 

The Survey compares more than 400 individual prices across 160 products and services in cities around the world by keeping New York as the benchmark city.

Month: Categories: InternationalUPSC

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