IPCC: Intergovernmental Panel on Climate Change (IPCC) was created to provide policymakers with regular scientific assessments on climate change, its implications and potential future risks, as well as to put forward adaptation and mitigation options. The Assessment Reports – are provided by three working groups of scientists. Working Group-I – Deals with the scientific basis for climate change. Working Group-II – Looks at the likely impacts, vulnerabilities and adaptation issues. Working Group-III – Deals with actions that can be taken to combat climate change. Recent assessment of IPCC highlights that Ganga, Indus & Sabarmati River basins will face water scarcity by 2050.
GVA: Gross value added (GVA) is the measure of the total value of goods and services produced in an economy (area, region or country). The amount of value-added to a product is taken into account. GVA can be defined as output produced after deducting the intermediate value of consumption. This can also be mentioned as :
GVA= Gross Domestic Product + Subsidies on products – Taxes on products.
GVA at basic prices will include production taxes and exclude production subsidies. GVA at factor cost included no taxes and excluded no subsidies.
Wet Bulb Temperature: Wet bulb temperature is the lowest temperature to which air can be cooled by the evaporation of water into the air at a constant pressure.
ECGC: Export Credit Guarantee Corporation (is wholly owned by the Ministry of Commerce and Industry) was established to promote exports by providing credit insurance services to exporters against non-payment risks by the overseas buyers due to commercial and political reasons. It will enable it to expand its coverage to export-oriented industries, particularly labour-intensive sectors. ECGC has now put Russia in the Restricted Cover Category (RCCI) from the earlier ‘Open Cover’ category.
NDB: The New Development Bank (NDB) is a development bank created by the multilateral grouping BRICS (Brazil, Russia, India, China, South Africa). The idea behind the NDB was mooted by India at the 4th BRICS Summit in New Delhi in 2012 and the formation treaty was signed in 2014 in the sixth BRICS Summit in Fortaleza, Brazil. Apart from BRICS nation Bangladesh, UAE, Uruguay and Egypt are members of NDB. Egypt is the most recent member.
UIDAI: The Unique Identification Authority of India or UIDAI is an agency under the central government of India mandated to collect demographic and biometric information of the country’s residents, store the data in a central database, and issue to each resident of the country a 12-digit unique identity number called Aadhaar. The UIDAI on Monday informed the Supreme Court that it was willing to issue Aadhaar card to sex workers without insisting on proof of residence/identity, provided they got a certificate from a gazetted officer of the health departments of the States or from an official with the National AIDS Control Organisation (NACO).
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