Reports and Indices Current Affairs MCQs

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The WTO released a report titled “Trading with Intelligence,” exploring AI’s impact on global trade. AI regulation fragmentation may affect trade opportunities for MSMEs. The concentration of AI development in large economies creates a trade divide. Data governance challenges, like cross-border data flow restrictions, may raise trade costs. AI offers opportunities to reduce trade costs by automating customs and border processes. Universal AI adoption could boost global trade growth by 14% by 2040. AI could transform service trade, especially digitally delivered and manual service sectors.

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United Nations Industrial Development Organization (UNIDO) and the Climate Club recently launched the Global Matchmaking Platform (GMP) to accelerate decarbonization in heavy-emitting industries in emerging and developing economies. The platform connects countries with global technical and financial support to reduce emissions in energy-intensive sectors. Launched in December 2023 at COP28, GMP connects nations with delivery partners for policy development, technology transfer, and investments. It helps countries tailor decarbonization efforts and access resources for achieving zero and low-emission industrial practices. The GMP is part of the Climate Club, with support from OECD, IEA, and UNIDO.

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The UNAIDS World AIDS Day Report 2024, titled “Take the right path to end AIDS”, was launched. Of 39.9 million people living with HIV, 9.3 million lack access to life-saving treatment. In the past year, 630,000 people died from AIDS-related illnesses, and 1.3 million contracted HIV. UNAIDS is a joint program of 11 UN organizations, including UNICEF, WHO, UNESCO, and World Bank. Its vision is to achieve zero new HIV infections, zero discrimination, and zero AIDS-related deaths.

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The World Drought Atlas predicts that 75% of the global population will face drought impacts by 2050. It was launched by the United Nations Convention to Combat Desertification (UNCCD) and European Commission Joint Research Centre. The Atlas links worsening drought risks to human activities and highlights five impact areas: water supply, agriculture, hydropower, inland navigation, and ecosystems. Featuring 21 global case studies, it emphasizes that no country is immune to drought but all can prepare better. It suggests measures under governance (e.g., early warning systems), land-use management (e.g., agroforestry), and water management (e.g., wastewater reuse).

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World Bank released the 2024 International Debt Report (IDR). It covers external debt for low- and middle-income countries (LMICs). Total external debt of LMICs rose by 2.4% in 2023, reaching $8.8 trillion. Key factors driving this rise include high interest rates due to tight monetary policies in high-income countries, inflation, depreciating currencies, and global economic uncertainty. Countries like Bangladesh and India saw over 90% increases in interest payments. The rising debt strains budgets, affecting critical sectors like health, education, and environmental programs.

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The Directorate of Revenue Intelligence (DRI) released the ‘Smuggling in India – Report 2023-24’ highlighting major trends in illegal trade. Cocaine trafficking has surged in India, with 47 cases recorded in 2023-24, up from 21 the previous year, using direct routes from South America and African countries. Black cocaine, a chemically masked variant, evades standard detection methods, posing a new challenge. Hydroponic marijuana is being smuggled from countries like the US and Thailand. Gold smuggling from West Asia, including UAE and Saudi Arabia, is rising, using diverse couriers, including families and foreign nationals. Established in 1957, DRI tackles smuggling of narcotics, gold, wildlife products, arms, and more, while also addressing customs fraud.

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The latest Consumer Confidence Survey (CCS) by the Reserve Bank of India (RBI) shows weakened consumer confidence in the economy, employment, income, and spending. The survey indicates that consumer optimism drives higher spending, while pessimism can lead to recession. It is released bi-monthly by RBI. It uses the Current Situation Index (CSI) and Future Expectation Index (FEI) as key indicators. The FEI improved by 0.5 points to 121.9, indicating higher optimism for future spending. The CSI declined by 0.7 points to 94 in November 2024, reflecting weaker sentiments, except in household spending.

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The World Health Organization (WHO) recently released the report titled “Global Spending on Health: Emerging from the Pandemic.” The report analyzed global health spending in 2022, the third year of the COVID-19 pandemic. It revealed a decline in health spending from its peak during the pandemic, with total global health expenditure at $9.8 trillion, equating to 9.9% of global GDP. The report emphasized the need for enhanced cooperation between health and finance ministries to ensure sustainable health funding, especially in low- and lower-middle-income countries.

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The World Malaria Report 2024 is an annual publication by the World Health Organisation (WHO). It evaluates global progress and identifies gaps in the fight against malaria. Malaria cases in India dropped 69%, from 6.4 million in 2017 to 2 million in 2023, and deaths decreased by 68%, from 11,100 to 3,500. Globally, there were 263 million malaria cases and 597,000 deaths in 2023. Africa accounted for 94% of global cases and 95% of deaths, with children under 5 making up 76% of deaths. The WHO South-East Asia Region saw an 82.4% reduction in malaria cases since 2000.

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The Confederation of Indian Industry released a ‘Industry 4.0 adoption and strategic roadmap for Indian manufacturing Report’. Industry 4.0 refers to smart, connected production systems that interact with the physical world. Automotive, electronics, and pharmaceuticals are leading in adoption, while textiles, metals, and mining face challenges. Key drivers for Industry 4.0 in India include workforce up-skilling, digital infrastructure, and sustainability to meet global green manufacturing standards.