Black swan event car crash NCAP

[Economy WMD] Black Swan Event, NCAP Car Safety, NITI CEO, Consumer Expenditure Survey- Weekly Mrunal Digest from Jun week2-2022

In Economy by Mrunal

  • EcoPill3A-BoP/Intl-Trade: a black swan event means an unprecedented unexpected extreme risk event e.g. 2007’s USA sub-prime crisis, 2020’s Corona.
  • RBI report says that in the next black swan event, possibility of capital outflows to the tune of $100 billion -around Rs 7,80,000 crore from India by FPIs.
  • Black swan theory was put forward by author Nassim Nicholas Taleb in his book– The Black Swan। (काला-हंस घटना- ऐसी अप्रत्याशित घटना जिससे अर्थतंत्र को बहुत नुक़सान हो जाता है – जैसा कि अमरीका में सबप्राइम आर्थिक संकट, कोरोना में वैश्विक अर्थतंत्र संकट। रिज़र्व बैंक की एक रिपोर्ट के मुताबिक़ यदि ऐसी कोई घटना दोबारा हुई तो भारत से क़रीब १०० बिलियन डॉलर की रक़म बाहर चली जाएगी)
  • EcoPil4A-Agro: India cannot sustain current cost of fertiliser imports. It must cap its consumption of urea, DAP and MOP. How? 1) Add urease inhibition and nitrification inhibition compounds in urea. They’ll (A) slow down the rate at which urea is hydrolysed (resulting in the production of ammonia gas and its release into the atmosphere) (B) nitrified (leading to below-ground loss of nitrogen through leaching). 😍 This will enable farmers to harvest the same, if not better, yields with a lesser number of urea bags. (2) use liquid “nano urea” (3) promoting sales of SSP (containing 16 per cent P and 11 per cent S) and complex fertilisers such as “20:20:0:13” and “10:26:26”. (उर्वरक / फ़र्टिलायज़र के आयात व सब्सिडी बोझ काफ़ी बढ़ रहा है इसके लिए कुछ अलग अलग उपाय। उदाहरण के रूप में जेसे ऐसे रसायन डाला जाए ताकि ज़मीन में उसका विघटन धीमे धीमे हो और पौधा आराम से/ होले-होले पोषक द्रव्य को चूस सके। )

Black swan event car crash NCAP

  • EcoPil4B-Sectors of Economy: Transport Ministry’s Bharat New Car Assessment Program (NCAP) for awarding ‘Star Ratings’ to automobiles based upon their performance in crash tests, will be introduced on April 1, 2023. I Bharat NCAP is applicable on type approved motor vehicles of category M1 (i.e. having 8 seats + driver seat). This will help customers to opt for safer cars based upon their star-ratings. (वाहन कितना सुरक्षित है उसके बारे में नए “एनएसीपी” मानदंड)
  • EcoPil4C-GDP/Inflation: NITI CEO Amitabh Kant (IAS) replaced by Parameswaran Iyer (IAS) who had spearheaded the government’s Swachh Bharat Mission. Amitabh served for nearly 6 years, whereas Iyer given tenure of only 2 years. (नीति आयोग का नया सीईओ। )
  • EcoPil4C-GDP/Inflation: GOVERNMENT will to do a new Consumer Expenditure Survey on July 1. Consumer Expenditure Survey (CES) is usually conducted at quinquennial (every five years) intervals and the last survey was conducted in the 68th round (July 2011 to June 2012). (ग्राहक खर्च सर्वेक्षण हर पाँच पाँच साल पे किया जाता है तो अभी होने वाला है)
  • EcoPil5-INFRA: hydel energy- Nepal — West Seti power project- China withdrawn but now India willing to complete it. Nodal? India’s National Hydro Power Corporation (NHPC). Nepal has 6,000 rivers and an estimated potential for 83,000 MW. It can provide energy security to India. 😥 if government of Nepal wants to sell natural resources to another country, it will require Nepali Parliament’s ratification by at least a two-thirds majority. (भारत नेपाल को एक बांध बनाने में मदद करेगा क्योंकि वहाँ से जल-विद्युत रखिद के भारत अपनी ऊर्जा सुरक्षा सुनिश्चित कर सकता है।)
  • EcoPil5-INFRA: Transport- MO BUS, the bus service of Odisha has been recognised by the United Nations as one of 10 global recipients of its annual Public Service Awards for 2022. 100 percent of Mo E-Ride drivers are women, transgender people, and people from disadvantaged communities. (ओडिशा कि सरकारी बस सेवा को संयुक्त राष्ट्र संघ द्वारा वार्षिक सार्वजनिक सेवा पारितोषिक दिया गया)
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