Global Social Mobility Index launched at World Economic Forum: India ranks 76th

On January 20, 2020, the World Economic Forum released the Social Mobility Index. The index measures social mobility of the population world wide.

What is Social Mobility?

Social Mobility is the upward or downward movement of an individual in personal circumstances in relation to their parents.

The countries’ social mobility was measured based on following 5 key dimensions as follows

  • Health
  • Education-Quality, Access and Equity
  • Technology
  • Work-Wages, conditions and opportunities
  • Protections and Institutions-Inclusive institutions and social protection

Relative Social Mobility is the assessment of effect of socio-economic background on a person’s life.

Findings of the Report

According to the report, Denmark ranks the first followed by Finland, Norway, Sweden and Iceland. India ranked 76th out of 82 countries.

According to the report, India has improved in the areas of fair wage distribution and social protection. Also India performed better in terms of life-long learning and working conditions. The countries that were benefited out of social mobility includes US, China, India, Germany and Japan.

Impact of 4th Industrial Revolution

According to the report, the fourth industrial revolution has created several social inequalities. It is disrupting labor market by inducing wage disparities.

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GoI launches paperless licensing of petroleum service stations

On January 20, 2020, the Department of Industry and Internal Trade (DPIIT) announced that it has launched paperless licensing process for petroleum service stations. The paperless licensing has been launched under Petroleum Rules, 2002. The implementing agency of the order would be Petroleum and Explosives Safety Organization (PESO).

Highlights

The issue of paperless license for road tankers was launched earlier this month. After its launch, 300 licenses have been issued so far. With the paperless licensing being extended for petroleum service stations, it will benefit more than 70,000 pumps and oil marketing companies. Also, the move is important because, of all the licenses the road tankers and petroleum service station licenses account to more than 85%. Therefore, this will benefit in decreasing the transit time of fuel as a greater number of vehicles can easily be employed in the process.

PESO

PESO is a department formed under DPIIT and both the bodies work under Ministry of Commerce and Industry. PESO administers the following acts

  • Explosive Act, 1884
  • Petroleum Act 1934
  • Explosive Substance Act
  • Inflammable Substance Act 1952
  • Environment Protection Act 1986

It controls the export, import, storage, transport and usage of explosive materials.

The authority has framed several rules such as Explosive rules, 2008, petroleum rules, 2002, Gas Cylinder rules 2002, Calcium carbide rules, 1987, Ammonium nitrate rules, etc.

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