World News -Foreign Diplomacy-TechNews-Artificial_Intelligence-BurningIssues

ESG funds ✅The asset size of ESG funds has ballooned nearly five times to Rs 12,300 crore over the last couple of years. ✅Environment, social responsibility, and corporate governance have of late emerged as key themes for investors in India. ✅The demand and growth for ESG funds in Asia, especially in India, has been overwhelming, it is 32%. ● What are ESG Funds? ✅They are used synonymously with sustainable and socially responsible investing. ✅While selecting a stock for investment, an ESG fund shortlists companies that score high on environment, social responsibility, and corporate governance, and then looks at financial factors. ✅With the overall increase in awareness, and with regulations moving in this direction, investors are re-evaluating traditional approaches and considering the impact of their decisions on the planet. ✅The key difference between the ESG funds and other funds is 'conscience ' i.e the ESG fund focuses on companies with environment-friendly practices, ethi...

  COMMUNAL AWARD #Historicalbackground ◇ In August 1932, Ramsay MacDonald, the British Prime Minister, announced a scheme of representation of the minorities, which came to be known as the Communal Award.  ◇ The award not only continued separate electorates for the Muslims, Sikhs, Indian Christians, Anglo-Indians and Europeans but also extended it to the depressed classes (Scheduled Castes).  ◇ Gandhiji was distressed over this extension of the principle of communal representation to the depressed classes and undertook fast unto death in Yerwada jail (Poona) to get the award modified. At last, there was an agreement between the leaders of the Congress and the depressed classes.  ◇ The agreement, known as Poona Pact, retained the Hindu joint electorate and gave reserved seats to the depressed classes.

 ✅Electronic governance or e-governance can be defined as the usage  of Information and Communication Technology (ICT) by the  government to provide and facilitate government services, exchange  of information, communication transactions and integration of  various stand-alone systems and services.   🔸 It is the use of technology to perform government activities and  achieve the objectives of governance.  🔹World Bank explained the E-governance as the use by government  agencies of information technologies (such as Wide Area Networks,   the Internet, and mobile computing) that can transform relations  with citizens, businesses, and other arms of government.   🔸 In a fast-growing and demanding economy like India, e-governance  has become essential. The rapid growth of digitalization has led  many governments across the globe to introduce and incorporate  technology into governmental processes.

1. The United States would treat China’s pursuit of resources in the dispute-rife South China Sea as illegal 2. The United States has rejected China’s claims in the South China Sea 3. The South China Sea is both home to valuable oil and gas deposits and is a vital waterway for the world’s commerce. Nine dash line 1. China  claims most of the South China Sea through a nine-dash line, a vague delineation based on maps from the 1940s. 2. It has built military bases on artificial islands in the contested areas to cement its claims. 3. Four years ago, a tribunal under the UN Convention on the Law of the Sea gave a decision against the nine-dash line. 4. China is a party to the Convention and is bound by it. The United States is one of the few countries that is not part of the convention. 5. Based on the court decision, China cannot make claims based on the Scarborough Reef or Spratly Islands, a vast uninhabited archipelago. 6. The US rejects China’s claims in the waters surrounding Vang...