Daily current affairs 12th November

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November 12, 2021


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# Climate finance



  • India has demanded a trillion dollars over the next decade from developed countries to adapt to, and mitigate, the challenges arising from global warming.
  • India’s five – fold plan aims at reducing the carbon intensity of its economy and eventually achieving net zero by 2070.
  • Net zero is when a country’s carbon emissions are offset by taking out equivalent carbon from the atmosphere, so that emissions in balance are zero.
  • However, achieving net zero by a specific date means specifying a year, also called a peaking year.
  • India’s non fossil energy capacity will reach 500 GW by 2030.
  • The country will meet 50% of its electricity requirements with renewable energy by 2030.




# Indian weddings



  • The confederations of all India traders recently said in a press statement that approximately 1.5 lakh weddings were expected during the auspicious period of November14 – December 13 in Delhi alone.
  • As many as 25 lakh weddings could be solemnised across the country.
  • Analysts say that, however the number of guests in each wedding will decrease, the average cost of each wedding will remain same.




# Space travellers



  • A spaceX rocket carried four astronauts into orbit on wednesday night, including the 600th person to reach space in 60 years.
  • Germany’s Matthias maurer claimed the no 600 position, according to NASA, based on his mission assignment.




# 5G spectrum



  • The auction for the 5G spectrum is likely to take place around April-may, minister for communications Ashwini vaishnav said on thursday, signalling a slight delay.
  • The Department of telecom had approached TRAI seeking its recommendations on pricing, quantum and other modalities pertaining to radiowaves in multiple bands.




# Toys in PLI



  • The toy industry in India should be brought under the production linked incentive (PLI) scheme to make it competitive and get it on a fast growth mode.
  • Toy sector can be a force multiplier for the socio-economic development of tier-2 and tier 3 cities in the country given its potential to generate jobs at scale.