Tuesday October 24, 2017
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Paris climate meet reaches draft deal, India’s concerns visible

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Paris: Less than a week into the crucial global climate change conference here, some 196 participating countries on Saturday reached a draft deal which seeks to address one of India’s main demands that rich nations must extend emerging economies both funding and technology so that their clean and green development goals do not entail unfair costs or burden.

The delegates at the 21st Conference of Parties under the United Nations Framework Convention on Climate Change, who have been holding deliberations here since November 30 said they have a blueprint that seeks to reduce carbon emissions and limit global warming at a level that will be negotiated next week.

The draft was handed over at the plenary session on Saturday morning, after working through the night before on the fourth such text issued in the past three days. Once the officials come to an understanding, it is expected to be scaled up to the ministerial level for a pact where India will be led by its Environment Minister Prakash Javadekar.

The thrust is on a legally-binding deal before the end of this round of negotiations due till December 11.

Significantly, the 48-page draft says developed countries shall provide new and additional financial resources, technology transfer and capacity-building to meet the agreed full costs incurred by developing countries in complying with their obligations. It also says the extent to which emerging economies implement their commitments will depend on rich nations meeting their commitments.

The draft, which has a substantial amount of the text in square brackets — meaning these are either contentious or yet to be negotiated — also proposed to raise $100 billion annually from 2020, recognising the key role that it will play in implementing the final pact in its true spirit.

This is important since the poor and emerging economies want clean and green technology and funding from rich nations to pursue their national interests without harming the environment further, as they hold the industrialised responsible for polluting the earth in the past.

“India is looking at a just and equitable outcome firmly anchored in the UNFCCC. India’s priorities are both mitigation and adaptation and both are equally important. India is strongly supportive of food security. Adaptation in the agriculture sector will ensure food security,” said Susheel Kumar, one of the interlocutors from the Indian side.

This year’s conference, also known as the 2015 Paris Climate Conference, is seeking to achieve a legally binding and universal agreement on protecting the environment — for the first time in over 20 years of UN-mandated negotiations — with the aim of keeping global warming below 2 degrees Celsius.

India has articulated that any outcome at the talks must be just.

“Principle of common but differentiated responsibilities should be the bedrock of our collective enterprise. Anything else would be morally wrong,” Prime Minister Narendra Modi had said when talks began on November 30. “Justice demands that, with what little carbon we can still safely burn, developing countries are allowed to grow.”

At the same time, New Delhi has also proposed some Suo moto commitments. It submitted on October 2 its action plan on climate change, called Intended Nationally Determined Contributions, pledging to slash the emission intensity of its economy by 2030 at the 2005 level, while pursuing its own sustainable development agenda.

(IANS)

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PM Modi inaugurates Ferry Service, Calls it his ‘Dream Project’

Calling it his dream project, PM Modi has called the service "a landmark occasion for entire South-East Asia".

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ferry service
Prime Minister Narendra Modi. Wikimedia

Gujarat, October 22, 2017 : Prime Minister Narendra Modi inaugurated the first phase of the Ghogha-Dahej Ro-Ro ferry service, a first-of-its-kind project in India, calling it “a landmark occasion for entire South-East Asia”.

Describing it as his dream project, Modi said the ferry service was his “invaluable gift to India” and claimed that the even for South-East Asia, this was the first project of its size.

He said it were his efforts that gave birth to this ferry service which he had heard about only in his school days.

“It seems implementation of all good works are my luck,” Modi joked. “New changes don’t come from cliched attitude but new thinking. We changed the way of thinking,” he said.

He said the service would shorten a 360-km distance to 31 km or a journey of seven hours to one hour. (IANS)

 

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Richard Thaler Supported Demonetisation, there is More to the Story

Demonetisation is what Richard Thaler had long supported. However, he remarked "Really? Damn," when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 notes thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

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Richard Thaler
Richard Thaler won the Nobel Prize in Economic Sciences on 9th October.Wikimedia

When Prime Minister Narendra Modi decided to scrape Rs 500 and Rs 1,000 notes last November, Nobel Prize winner Richard Thaler supported demonetization describing it as a policy that he had long supported.

Dr. Richard Thaler, a Professor of Economics and Behavioural Science at the University of Chicago won the Nobel Prize in Economic Sciences on 9th October.

Did Richard Thaler really support demonetization in the way BJP took it? There is more to the story than what meets the eye.

As soon as Thaler was declared the Nobel Prize winner, members of the Bharatiya Janata Party (BJP) started sharing Thaler’s tweet regarding demonetization on social media affirming that the move which was severely criticised by the members of the opposition was actually supported by a Nobel Prize winner. The BJP IT cell head Amit Malviya retweeted the old tweet within a fraction of a second.

However, Richard Thaler remarked “Really? Damn,” when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 note thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

It was not only the BJP supporters but also a large number of BJP leaders who were flowed away with incomplete picture depicted by Malviya and tweeted about it.‬ This included Union Minister Giriraj Singh, former BJP IT Cell Head Arvind Gupta, and many others.

Soon after, twitterati realized that the full picture of Thaler’s statement on demonetization was rather hidden.

Prime Minister Modi declared that the motivation behind scrapping Rs 500 and Rs 1,000 notes was to promote cashless economy and reduce corruption. This decision was severely criticised by different sections of the society putting on Modi the ultimate responsibility for heralding economic deceleration. Demonetisation pulled down India’s GDP growth rate to a mere 6.1% in 2016-17.

Some highlighted that the introduction of Rs 2000 note was an ephemeral panacea for remonetization and that its printing has been terminated.

-Prepared by Mohima Haque of NewsGram, Twitter: mohimahaque26

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PM Narendra Modi: Don’t believe in vote bank politics, Nation comes first

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Prime Minister Narendra Modi.
Prime Minister Narendra Modi. Wikimedia

Varanasi, Sep 23: Prime Minister Narendra Modi, on Saturday, said that the BJP did not believe in vote bank politics as the country was above party politics. This is his second day of the visit to his parliamentary constituency in Varanasi.

Modi told a gathering that he had launched a major war against corruption and the corrupt to ease the life of the common man. He also said cleanliness was worship for him as it could rid the poor of various diseases and a lot of economic burdens.

“Governance for us is not about votes or winning elections. The priority is the development of the nation. For us, the country is bigger than party,” he said, in his address to farmers in Shahanshahpur on the outskirts of Varanasi.

He said most of the problems faced by the common people in India were rooted in corruption.

“I have launched a war against it and will take it further to ensure that graft is weeded out from the country.”(IANS)