United Nations Development Programme (UNDP) Current Affairs - 2020

CIPET renamed as Central Institute of Petrochemicals Engineering and Technology

The Central Institute of Plastics Engineering and Technology has now been renamed as Central Institute of Petrochemicals, Engineering and Technology. The name change was registered under Tamil Nadu Societies Registration Act, 1975.

Highlights

The main objective of CIPET is to contribute towards growth of plastics. It also focuses on education and research programme. The institute will focus on innovative plastic-based solutions.

UNDP

The CIPET also receives United Nations Development Programme. Apart from UNDP, the support to CIPET is also received from OPEC (Organization of Petroleum Corporation), World Bank and UNIDO (United Nations Industrial Development Organization).

UNIDO

United Nations Industrial Development Organization was established in 1966. It is one of the 15 specialized agencies of the United Nations. The UNIDO aims to fulfil the Sustainable Development Goals.

Petrochemicals in India

The Petrochemical industry is growing fast in India. There are four main categories in the petrochemical industry. This includes polymers, elastomers, synthetic fibres and surfactant intermediate. Mumbai is the hub of petrochemical industry.

April 21: World Creativity and Innovation Day

Every year on April 21, the World Creativity and Innovation Day is celebrated by the United Nations. The day creates awareness about the importance of innovation and creativity to achieve United Nations Sustainable Development Goals. They are also called the Global goals.

Highlights

Creativity and Innovation are the two main wealth of a country in the 21st century according to the Creative Economy Report published by United Nations Development Programme, UNESCO (United Nations Educational, Scientific and Cultural Organization) and UNOSSC (United Nations Office for South-South Cooperation).

At this moment, when COVID-19 has induced international lock down, it is important for major economic players to be creative to keep the global economy running.

Significance

The report says that creative industries and culture should be the major economic strategies of a country. These industries have a potential of generating 2.25 billion USD revenue worldwide. It is also capable of producing 29.5 million jobs world wide.