Economic impact of COVID-19
Researchers have developed a 'real time' method that uses social media to reliably forecast the financial impact of natural disasters, an advance that may help businesses recover form the current global health crisis.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23362-economic-impact-of-covid-19.html
#socialmedia #covid19 #coronavirus #economy #pandemic
Researchers have developed a 'real time' method that uses social media to reliably forecast the financial impact of natural disasters, an advance that may help businesses recover form the current global health crisis.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23362-economic-impact-of-covid-19.html
#socialmedia #covid19 #coronavirus #economy #pandemic
Ksgindia
Economic impact of COVID-19 | KSG India | Khan Study Group
Researchers have developed a 'real time' method that uses social media to reliably forecast the financial impact of natural disasters, an advance that may help businesses recover form the current glo
UN report on Covid-19
As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being further threatened
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23370-un-report-on-covid-19.html
#UN #UNreport #Pandemic #COVID19
As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being further threatened
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23370-un-report-on-covid-19.html
#UN #UNreport #Pandemic #COVID19
Ksgindia
UN report on Covid-19 | KSG India | Khan Study Group
As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being further threatened by a looming debt crisis, a
Watch: ILO report on global unemployment #iloreport #globalunemployment #upsceconomy
https://www.youtube.com/watch?v=urcDd17zQa0
https://www.youtube.com/watch?v=urcDd17zQa0
YouTube
ILO report on global unemployment #iloreport #globalunemployment #upsceconomy
#upsc #internationallabourorganistaion #governmentjobs #employmentgrowth #privatejobs #pandemic
ILO report on Global unemployment
GS Paper - 3 (Economy)
The International Labour Organisation has projected global unemployment at 207 million in 2022, almost…
ILO report on Global unemployment
GS Paper - 3 (Economy)
The International Labour Organisation has projected global unemployment at 207 million in 2022, almost…
Watch: ILO report on global unemployment #iloreport #globalunemployment #upsceconomy
https://www.youtube.com/watch?v=urcDd17zQa0&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=44
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses
https://www.youtube.com/watch?v=urcDd17zQa0&list=PLCUwtp5IghZlGtWhDAkuXVFs8MLdVey75&index=44
#UPSCOnlineClasses #OnlineClassses #IASOnlineclasses
YouTube
ILO report on global unemployment #iloreport #globalunemployment #upsceconomy
#upsc #internationallabourorganistaion #governmentjobs #employmentgrowth #privatejobs #pandemic
ILO report on Global unemployment
GS Paper - 3 (Economy)
The International Labour Organisation has projected global unemployment at 207 million in 2022, almost…
ILO report on Global unemployment
GS Paper - 3 (Economy)
The International Labour Organisation has projected global unemployment at 207 million in 2022, almost…
Today's Headlines - 19 August 2023
WHO holds first traditional medicine summit
GS Paper - 3 (Health and Diseases)
The World Health Organization opened its first summit on traditional medicine with the group saying it was seeking to collect evidence and data to allow for the safe use of such treatments. Traditional medicines are a "first port of call for millions of people worldwide", the UN health agency said.
More about the summit
The two-day WHO Traditional Medicine Global Summit takes place alongside a meeting of G20 health ministers in the Indian city of Gandhinagar.
The first global traditional summit, co-hosted by the World Health Organization (WHO) and the Ministry of Ayush.
This summit is designed to foster political commitment and evidence-based action in the field of traditional medicine.
As a vital healthcare source for millions worldwide, traditional medicine will be closely examined and evaluated as a formidable force in addressing health and well-being needs.
With a wide array of engagement groups, working groups, and meetings, this event aims to represent the interests of the Global South countries within the G20 framework.
The theme of "One Earth, One Family, One Future" embodies India's philosophy of Vasudhaiva Kutumbakam.
More about traditional medicine
The UN health agency defines traditional medicine as the knowledge, skills and practices used over time to maintain health and prevent, diagnose and treat physical and mental illness.
But many traditional treatments have no proven scientific value and conservationists say the industry drives a rampant trade in endangered animals -- including tigers, rhinos and pangolins -- threatening the existence of entire species.
Use of homemade remedies soared during the Covid-19 pandemic, including a green herbal drink based on Artemisia that was promoted by Madagascar's president as a cure.
The plant has a proven efficacy in malaria treatment, but its use to combat Covid was widely scorned by many doctors.
In China, traditional medicine has a distinguished history, but top European medical bodies have previously demanded it be subject to the same regulatory oversight as conventional medical methods.
Flashback
Of the WHO's 194 member states, 170 acknowledged their use of traditional and complementary medicine since 2018, but only 124 reported having laws or regulations for the use of herbal medicines -- while only half had a national policy on such methods and medicines.
About 40 percent of approved pharmaceutical products currently in use derive from a "natural product basis", according to the WHO, which cited "landmark drugs" that derive from traditional medicine, including aspirin, drawing on formulations using willow tree bark.
#upsc #news #headline #WHO #traditional #medicine #health #diseases #data #millions #worldwide #ministry #gandhinagar #global #vasudhaiva #kutumbakam #earth #framework #force #future #philosophy #agency #mental #illness #artemisia #species #pandemic #remedies #herbal #madagascar #european #regulatory #complementary #reported #pharmaceutical #products #natural
WHO holds first traditional medicine summit
GS Paper - 3 (Health and Diseases)
The World Health Organization opened its first summit on traditional medicine with the group saying it was seeking to collect evidence and data to allow for the safe use of such treatments. Traditional medicines are a "first port of call for millions of people worldwide", the UN health agency said.
More about the summit
The two-day WHO Traditional Medicine Global Summit takes place alongside a meeting of G20 health ministers in the Indian city of Gandhinagar.
The first global traditional summit, co-hosted by the World Health Organization (WHO) and the Ministry of Ayush.
This summit is designed to foster political commitment and evidence-based action in the field of traditional medicine.
As a vital healthcare source for millions worldwide, traditional medicine will be closely examined and evaluated as a formidable force in addressing health and well-being needs.
With a wide array of engagement groups, working groups, and meetings, this event aims to represent the interests of the Global South countries within the G20 framework.
The theme of "One Earth, One Family, One Future" embodies India's philosophy of Vasudhaiva Kutumbakam.
More about traditional medicine
The UN health agency defines traditional medicine as the knowledge, skills and practices used over time to maintain health and prevent, diagnose and treat physical and mental illness.
But many traditional treatments have no proven scientific value and conservationists say the industry drives a rampant trade in endangered animals -- including tigers, rhinos and pangolins -- threatening the existence of entire species.
Use of homemade remedies soared during the Covid-19 pandemic, including a green herbal drink based on Artemisia that was promoted by Madagascar's president as a cure.
The plant has a proven efficacy in malaria treatment, but its use to combat Covid was widely scorned by many doctors.
In China, traditional medicine has a distinguished history, but top European medical bodies have previously demanded it be subject to the same regulatory oversight as conventional medical methods.
Flashback
Of the WHO's 194 member states, 170 acknowledged their use of traditional and complementary medicine since 2018, but only 124 reported having laws or regulations for the use of herbal medicines -- while only half had a national policy on such methods and medicines.
About 40 percent of approved pharmaceutical products currently in use derive from a "natural product basis", according to the WHO, which cited "landmark drugs" that derive from traditional medicine, including aspirin, drawing on formulations using willow tree bark.
#upsc #news #headline #WHO #traditional #medicine #health #diseases #data #millions #worldwide #ministry #gandhinagar #global #vasudhaiva #kutumbakam #earth #framework #force #future #philosophy #agency #mental #illness #artemisia #species #pandemic #remedies #herbal #madagascar #european #regulatory #complementary #reported #pharmaceutical #products #natural
Today's Headlines - 24 August 2023
Poor nations forced to rely on fossil fuels
GS Paper - 3 (Energy)
Poor countries with heavy debts have been forced to continue to rely on fossil fuels for generating revenue to return the loans taken from richer countries and private lenders to meet various economic exigencies like the pandemic three years ago, a new report said. These countries, mostly in the global south, may find it impossible to phase out fossil fuels and transition to renewable energy as revenues from fossil fuel projects “are often overinflated and require huge investments to reach expected returns, leading to further debt”.
What is the “debt-fossil fuel trap”?
The report, ‘The Debt-Fossil Fuel Trap’, published on 21 August 2023 by the anti-debt campaigners Debt Justice and partners in affected countries.
The global south — a term used for developing, less developing and underdeveloped countries, located in Africa, Latin America, and Asia — countries are increasingly being burdened by enormous debts in recent years.
Their “external debt payments (money borrowed from richer countries, or multilateral creditors like the World Bank and IMF, or private lenders such as banks) has gone up by 150% between 2011 and 2023, reaching their highest levels in 25 years”, said the report.
Moreover, 54 countries are in a debt crisis — they had to cut their public sending budgets during the pandemic to repay the loans, the analysis found.
The situation is worsened by extreme weather events, which force these countries to borrow more money as they lack adequate finances and resources for adaptation, mitigation and tackling loss and damage.
For instance, Dominica’s debt as a percentage of GDP rose from 68% to 78% after Hurricane Maria hit the island in 2017.
To deal with the mounting debts, these countries have turned to extracting more fossil fuels.
The country’s strategy to reduce debt may end up adding to debt levels without generating adequate revenue to repay, which could force Argentia to further expand its fossil fuel projects, the report added. This is known as the “debt-fossil fuel trap”.
Ending the high debt burdens
The report has laid out a few recommendations to help global south countries exit the “debt-fossil fuel trap”.
It said clean energy, wealthy governments and institutions must implement “ambitious debt cancellation for all countries that need it, across all creditors, free from economic conditions.
They should also stop accepting repayments made through fossil fuel projects’ revenue.
Meanwhile, “Bilateral and multilateral finance should be aligned with a 1.5 degree warming scenario and fair shares calculations, and not be used to finance fossil fuels.
#upsc #news #headline #nations #fossilfuels #energy #countries #revenue #pandemic #globalsouth #fuel #trap #africa #latin #worldbank #IMF #payments #GDP #island #dominica #strategy #projects #warming #bilateral #multilateral #finance #fairshares #america #asia #justice #renewable #poornations #forced
Poor nations forced to rely on fossil fuels
GS Paper - 3 (Energy)
Poor countries with heavy debts have been forced to continue to rely on fossil fuels for generating revenue to return the loans taken from richer countries and private lenders to meet various economic exigencies like the pandemic three years ago, a new report said. These countries, mostly in the global south, may find it impossible to phase out fossil fuels and transition to renewable energy as revenues from fossil fuel projects “are often overinflated and require huge investments to reach expected returns, leading to further debt”.
What is the “debt-fossil fuel trap”?
The report, ‘The Debt-Fossil Fuel Trap’, published on 21 August 2023 by the anti-debt campaigners Debt Justice and partners in affected countries.
The global south — a term used for developing, less developing and underdeveloped countries, located in Africa, Latin America, and Asia — countries are increasingly being burdened by enormous debts in recent years.
Their “external debt payments (money borrowed from richer countries, or multilateral creditors like the World Bank and IMF, or private lenders such as banks) has gone up by 150% between 2011 and 2023, reaching their highest levels in 25 years”, said the report.
Moreover, 54 countries are in a debt crisis — they had to cut their public sending budgets during the pandemic to repay the loans, the analysis found.
The situation is worsened by extreme weather events, which force these countries to borrow more money as they lack adequate finances and resources for adaptation, mitigation and tackling loss and damage.
For instance, Dominica’s debt as a percentage of GDP rose from 68% to 78% after Hurricane Maria hit the island in 2017.
To deal with the mounting debts, these countries have turned to extracting more fossil fuels.
The country’s strategy to reduce debt may end up adding to debt levels without generating adequate revenue to repay, which could force Argentia to further expand its fossil fuel projects, the report added. This is known as the “debt-fossil fuel trap”.
Ending the high debt burdens
The report has laid out a few recommendations to help global south countries exit the “debt-fossil fuel trap”.
It said clean energy, wealthy governments and institutions must implement “ambitious debt cancellation for all countries that need it, across all creditors, free from economic conditions.
They should also stop accepting repayments made through fossil fuel projects’ revenue.
Meanwhile, “Bilateral and multilateral finance should be aligned with a 1.5 degree warming scenario and fair shares calculations, and not be used to finance fossil fuels.
#upsc #news #headline #nations #fossilfuels #energy #countries #revenue #pandemic #globalsouth #fuel #trap #africa #latin #worldbank #IMF #payments #GDP #island #dominica #strategy #projects #warming #bilateral #multilateral #finance #fairshares #america #asia #justice #renewable #poornations #forced