Poverty Current Affairs - 2020

May 21: International Tea Day

Every year, on May 21, the United Nations observes International Tea Day. The resolution to celebrate International Tea Day was adopted in 2019 by the United Nations food and Agriculture Organization.

History

The International Tea Day is being celebrated since 2005 in major tea producing countries of the world namely Sri Lanka, India, Indonesia, Vietnam, Bangladesh, Nepal, Kenya, Malaysia, Malawi, Uganda and Tanzania. It aims to draw the attention of citizens, governments about the impact of global tea trade.

Objective

The main goal of the day is to promote sustainable production of tea and increase awareness in fighting poverty and hunger.

Intergovernmental Group on Tea

The Intergovernmental Group of Tea operating under Food and Agriculture Organization proposed the concept of International Tea Day in 2015.

Sustainable Development Goals

The tea production helps to achieve the following goals

  • Goal 1: Reduce Poverty
  • Goal 2: Fight Hunger
  • Goal 5: Empowerment of Women
  • Goal 15: Sustainable use of Terrestrial Ecosystems

Significance

Tea Production is sensitive to climate changes. Tea can be produced only in agro-ecological conditions. There are very limited countries that produce tea.

Therefore, the tea producing countries must integrate the climate challenges along with their tea production. This is the main objective of celebrating International Tea Day.

India

India is the second largest tea producing country after China. Also, India is the largest consumer of tea in the world. India consumes around 30% of global tea output.

Motto

The International Tea Day is celebrated on the motto, “Harnessing Benefits for all From Field to Cup”. This is not the theme of the day. This is the motto under which the day is celebrated every year.

United Nations releases World Economic Situation and Prospects Report, 2020

The United Nations recently released the World Economic Situation and Prospects Report, 2020. According to the report, the world economy is to shrink by 3.2% in 2020. The GDP growth in developed countries will decline to -0.5% in 2020.

Highlights: India

The report says that the growth rate of India in 2018 was 6.8% and in 2019 it was 4.1%. It will reduce to 1.2% in 2020. The report predicts that the growth of India will raise eventually in 2021 hitting 5.5%

Highlights: World

The Global economy is to gradually recover by 2021. The world economy will lose around 8.5 trillion USD due to COVID-19. Also, the global economy is to shrink by 4.9% in 2020. Around 34.3 million people are to enter below poverty line by 2020.

Also, the report say that several governments are rolling out uneven fiscal stimulus measures that are roughly equal to 10% of their GDP to minimize the crisis created by COVID-19 outbreak.

Solutions suggested

The report has suggested following solutions to combat COVID-19

  • The COVID-19 is disturbing fundamental premise of globalization. Therefore, stronger international cooperation is required to contain the virus
  • More liquidity should be pumped into the economies
  • The International Tourism should be given focus. Around 80% of the tourism has become idle rendering millions jobless.