India Current Affairs - 2020
The Olympic Council of Asia (OCA) has decided to reintroduce Cricket in the 2022 Asian Games to be held at Hangzhou, China.
Cricket in Asian Games
- Earlier Cricket had featured in 2010 and 2014 Asian Games but was dropped from the 2018 Asian Games.
- In all probabilities mostly T20 version of cricket would be introduced in the Asian Games like it happened during the 2010 and 2014 edition in Guangzhou and Incheon respectively.
- In 2014, Sri Lanka and Pakistan won the men’s and women’s gold and in 2010 Bangladesh and Pakistan claimed the top honours.
- Indian Cricket Teams did not participate in both the editions.
In another major decision, the OCA has agreed to invite Oceania countries including Australia to compete at the 2022 Asian Games. Oceania athletes participation is limited to sports which qualify for the 2024 Olympics through Asia, including volleyball, beach volleyball, basketball, soccer and fencing.
Asian Games, also known as Asiad is a multi-sport event held every four years among athletes from all over Asia. Asian Games are organised by the Olympic Council of Asia (OCA) in association with the host nation. Asian Games are recognized by the International Olympic Committee (IOC) and are described as the second largest multi-sport event after the Olympic Games. The first Asian Games were held at New Delhi, India in 1951.
Tags: Asian Games • Asian Games 2022 • Australia • Bangladesh • Basketball
The World Bank-ILO report titled Exports to Jobs: Boosting the Gains from Trade in South Asia has been released. The report studies the effect on local employment and wages of changes in exports by combining disaggregated data from household-level or worker-level surveys with trade data from India and Sri Lanka.
Key Observations made in the Report
- Increasing exports together with leading to better jobs and higher wages in India will generate more formal sector employment for youth and women.
- Increasing exports would boost average wages and the biggest beneficiaries of this wage gain would be the high-skilled, urban, more experienced, and mainly male workers.
- For low-skilled workers, there would be an increase in formal jobs.
- Exports can improve the performance of local labour markets. Hence labour market policies must aid different groups of workers to acquire the right skills and ensure that the gains of increased exports are shared more broadly across society.
India and Boosting Exports
- India’s growth rate of 7.2 per cent in 2017 reduced the number of people living in poverty.
- Even then, most Indians doesn’t have regular jobs in the formal economy and differences in wages across regions and in the quality of employment opportunities prevail.
- India’s trade has been reduced from 55.8 per cent in 2012 to 41.1 per cent of the Gross Domestic Product between in 2017.
- Indian exports which are mainly capital intensive like chemicals and fabricated metals reduces the direct benefits to workers.
- The report notes that India can ensure that greater export orientation can boost workers’ gains from trade and spread them more widely, so benefiting disadvantaged groups.
The report also concludes that more exports can create benefits for workers by raising wages and reducing informality and this requires stronger policies to ensure these benefits reach everyone in the labour market and don’t leave any groups behind.