[DAILY] Current Affairs 07 October 2015


Baghdad’s Heavily Fortified Green Zone Opened To Public For 1st Time In 12 Years

♦      Iraq Prime Minister Haider al-Abadi on 4 October 2015 declared Baghdad’s heavily fortified Green Zone open to the public for the first time in 12 years.

♦      In a statement, al-Abadi said that the move was part of a reform drive that was promised to people.

♦      However, he added, some restrictions would remain, with a number of streets requiring a special pass.

♦      The 10 square kilometers area, home to government buildings and foreign embassies, was closed after the US-led invasion in 2003.

♦      This opening of the Green Zone may end complain of several Iraqis who said that the zone has become symbol of disconnect between the country’s top officials and ordinary citizens.

♦      The present day, Green Zone area of Baghdad that lies on the west bank of the Tigris River in the Karkh district of central Baghdad, was known as the International Zone of Baghdad and was a seat of government power under former president Saddam Hussein.

♦      The area became Green Zone after the 2003 US-led invasion and was declared as a no-go area for public.

♦      Despite being protected by high concrete walls with barbed wire and a number of checkpoints, the complex has been targeted number of times by militant groups.

Portugal’s Pinto Won Asia’s Premier Mountain Biking Race

♦      Luis Leao Pinto of Portugal on 4 October 2015 won Asia’s premier mountain biking race and got the crown of ‘King of the Himalaya’ for the second time. He took time of 27:29:22 in the 600 km long 7 stages biking race that ended in capital Shimla of Himachal Pradesh.

♦      Earlier, he won the crown in the year 2013.

♦      The other two top riders in the Solo Men’s category were Andi Seewald of Germany and Pau Zamora of Spain. All of them have neck-to-neck race. Total 68 riders took part in the race and 54 completed it.

♦      Besides, Catherine Williamson from (UK) emerged as the overall winner in the Open Women’s Solo category. She was followed by Ilda Periera of Portugal and Laxmi Magar from Nepal.

♦      Reimund Dietzen, the veteran pro-rider is the winner in the Master’s solo category.

♦      The riders experienced a net elevation of approximately 50000 ft as they rode though seventy degree steep up hills, uncontrollable down hills, cobbled pathways and single tracks other than the tarmacs, the meadows, the streams and the villages.

What, Why and How of New International Poverty Line $1.90?

♦      The World Bank in October 2015 raised the international poverty line to 1.90 US dollars per day from the existing 1.25 US dollars.

♦      Against this backdrop, World Bank explained few pertinent questions related to the international poverty line and its revision.

♦      Why did the World Bank decide to update the International Poverty Line, and why now?

♦      As differences in the cost of living across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2008, the last update, 1.25 US dollars had been used as the global line. As of October 2015, the new global line will be updated to 1.90 US dollars per day.

♦      What is the new poverty line, and based on this new measure, how many people are living in extreme poverty in the world?

♦      The new global poverty line is set at 1.90 US dollars per day using 2011 prices. Just over 900 million people globally lived under this line in 2012 (based on the latest available data) and it is projected that just over 700 million are living in extreme poverty in 2015.

♦      Why raise the poverty line? What was wrong with the 1.25 US dollar a day line that we are all used to?

As differences in the cost of living across the world evolve, the global poverty line has to be periodically updated to reflect these changes. The new global poverty line uses updated price data to paint a more accurate picture of the costs of basic food, clothing, and shelter needs around the world. In other words, the real value of 1.90 US dollars in today’s prices is the same as 1.25 US dollars in 2005.

      How revision in global poverty line takes place?

In 1990, a group of independent researchers and the World Bank proposed to measure the world’s poor using the standards of the poorest countries in the World.  They examined national poverty lines from some of the poorest countries in the world, and converted the lines to a common currency by using purchasing power parity (PPP) exchange rates.

♦      The PPP exchange rates are constructed to ensure that the same quantity of goods and services are priced equivalently across countries. Once converted into a common currency, they found that in six of these very poor countries the value of the national poverty line was about 1 US dollar per day per person, and this formed the basis for the first dollar-a-day international poverty line.

♦      After a new round and larger volume of internationally comparable prices were collected in 2005, the international poverty line was revised based on 15 national poverty lines from some of the poorest countries in the World. The average of these 15 lines was 1.25 US dollars per person per day (again in PPP terms), and this became the revised international poverty line since 2008.

♦      Similarly in 2015, poverty lines of those same 15 poorest countries from 2005 (holding steady the yardstick against which we measure) were used to determine the new global poverty line of 1.90 US dollars on the 2011 PPP basis.

      What is Purchasing Power Parity (PPP) and how is it determined?

PPP allows us put each country’s income and consumption data in globally-comparable terms. The PPP is computed on the basis of price data from across the world, and the responsibility for determining a particular year’s PPP rests with the International Comparison Program (ICP), an independent statistical program with a Global Office housed within the World Bank’s Development Data Group.

      What is the significance of revision in the international poverty line?

The global poverty line is used primarily to track global extreme poverty, and to measure progress on global goals set by the World Bank, the United Nations, and other development partners. A country’s national poverty line is far more appropriate for underpinning policy dialogue or targeting programs to reach the poorest. For example, in a middle-income country, where the national poverty line is at 4 US dollars a day, the global poverty threshold may be less relevant than in a poorer country where the national line is at 1.65 US dollars or similar.

      When will the global poverty line be updated again?

The revision in the international poverty line once the Commission on Global Poverty provides its recommendations in April 2016.

China won 2015 FIBA Asian Basketball Championship

♦      China on 3 October 2015 won the International Basketball Federation (FIBA) Asia Championship by defeating the Philippines by 78-67 in the final.

♦      The victory has won the nation a direct qualification for the 2016 Olympics in Rio de Janeiro, Brazil.

♦      The game was organised in front of a 7000 strong capacity crowd in Changsha, Hunan province of China.

♦      In the final game, Yi Jianlian scored maximum runs and earned 15 rebounds. He was also selected as the Most Valuable Player of the tournament.

♦      Philippines and Iran have secured the second and third place respectively in the tournament. India ended on eighth place in the tournament.

Ashish Bahuguna Given Additional Charge Of Chief Executive Officer of FSSAI

♦      Ashish Bahuguna, the Chairman of the Food Safety and Standards Authority of India (FSSAI), on 4 October 2015 was given an additional charge of Chief Executive Officer (CEO) of FSSAI.

♦      The decision was taken following the shift of Yudhvir Singh Malik to NITI Aayog as an Additional Secretary in September 2015.

♦      A retired IAS officer of 1978-batch of Rajasthan cadre and former Agriculture Secretary, Bahuguna was appointed as Chairman of the food regulator in July 2015.

♦      He will hold the position of CEO until a new appointment is made for the position.

♦      About Food Safety and Standards Authority of India (FSSAI)

♦      FSSAI was instituted under Food Safety and Standards Act, 2006 in August 2011. It is an agency of Ministry of Health & Family Welfare for protecting and promoting public health through the regulation and supervision of food safety. It is headquartered at New Delhi.

Noted Telugu film producer Edida Nageswara Rao died

♦      Noted Telugu film producer Edida Nageswara Rao died of the old-age-related illness on 4 October 2015 at a private hospital in Hyderabad. He was 81. He is survived by wife and a son.

♦      Rao, the producer of 10 Telugu movies is known for his landmark films like Shankarabharanam (1979), Sagarasangamam (1983) and Swatimutyam (1986). His films helped him to garner four national awards as well as Nandi awards.

♦      His other films included Tayaramma Bangarayya, Seetakoka Chiluka, Sitara, Swayamkrushi and Apatbandhavudu.

♦      Siri Siri Muvva and Swatimutyam also had the distinction of being screened at Moscow Film Festival even as Shankarabharanam brought him critical acclaim at the global level.

♦      His movie Swatimutyam was chosen as India’s official entry for the Best Foreign Language Film for the Academy Awards in 1986, but was not nominated.

♦      Rao, born on 24 April 1934, started his career as a theatre artiste, film actor, dubbing artiste turned up to be a film producer by launching Poornodaya Movie Creations in 1978. His first production under this banner was Siri Siri Muvva.


[DAILY] Current Affairs 05 October 2015

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