WEF Global Risks Report Unveils Top Risks World Is Facing
The world faces a set of risks that feel both wholly new and eerily familiar. The Global Risks Report 2023 explores some of the most severe risks we may face over the next decade.
The world faces a set of risks that feel both wholly new and eerily familiar. The Global Risks Report 2023 explores some of the most severe risks we may face over the next decade. As we stand on the edge of a low-growth and low-cooperation era, tougher trade-offs risk eroding climate action, human development and future resilience.The World Economic Forum taking place in Davos, Switzerland released the 18th edition of the Global Risk Report 2023 based on the 2022-2023 Global Risks Perception Survey (GRPS).
Cyberattacks on critical infrastructure
Cost of living dominates global risks in the next two years while climate action failure dominates the next decade:-
The next decade will be characterized by environmental and societal crises, driven by underlying geopolitical and economic trends. “Cost-of-living crisis” is ranked as the most severe global risk over the next two years, peaking in the short term. “Biodiversity loss and ecosystem collapse” is viewed as one of the fastest deteriorating global risks over the next decade, and all six environmental risks feature in the top 10 risks over the next 10 years. Nine risks are featured in the top 10 rankings over both the short and the long term, including “Geoeconomic confrontation” and “Erosion of social cohesion and societal polarisation”, alongside two new entrants to the top rankings: “Widespread cybercrime and cyber insecurity” and “Large-scale involuntary migration”.
Other Risk Highlighted By The Report:-
As an economic era ends, the next will bring more risks of stagnation, divergence and distress.
Geopolitical fragmentation will drive geoeconomic warfare and heighten the risk of multi-domain conflicts.
Technology will exacerbate inequalities while risks from cybersecurity will remain a constant concern
Climate mitigation and climate adaptation efforts are set up for a risky trade-off, while nature collapses
Food, fuel and cost crises exacerbate societal vulnerability while declining investments in human development erode future resilience
As volatility in multiple domains grows in parallel, the risk of polycrises accelerates.
About World Economic Forum:-
The World Economic Forum (WEF) is an international non-governmental and lobbying organization based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as “improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.
Himachal Pradesh Govt Restores Old Pension Scheme in First Cabinet Meeting
The Himachal Pradesh government restored the old pension scheme in its first cabinet meeting. The cabinet decided to provide OPS to all government employees.
The Himachal Pradesh government restored the old pension scheme in its first cabinet meeting. The cabinet decided to provide OPS to all government employees who are presently covered under the defined contributory pension scheme, also referred to as NPS. This scheme will benefit about 1.36 lakh NPS employees in the state.
Himachal Pradesh Govt Restores Old Pension Scheme in First Cabinet Meeting- Key Points
The State Cabinet in its first meeting presided over by the Chief Minister Sukhvinder Singh Sukhu held in Shimla passed a resolution thanking the people of Himachal Pradesh for reposing their confidence in the policies and programs of congress.
Congress government has fulfilled a key poll promise by providing the Old Pension scheme (OPS) to all government employees.
The cabinet has also decided to constitute a Cabinet Sub Committee for finalizing the roadmap for implementation of the promises made by Congress during the elections for creating one lakh employment opportunities in the state.
The cabinet has also approved to constitute of a Cabinet Sub Committee for finalizing the roadmap for implementation of the promises made by the Congress Party during the elections for granting 1500 rupees to women in the age group of 18 to 60 years.
World’s richest actor list, Shah Rukh Khan beats Tom Cruise
Bollywood actor Shah Rukh Khan with his more than three decades of work in the film industry has garnered millions of fans all over the world and an estimated net worth of ₹627 million ($770 million).
Bollywood actor Shah Rukh Khan with his more than three decades of work in the film industry has garnered millions of fans all over the world and an estimated net worth of ₹627 million ($770 million), making him the richest actor in Asia and fourth richest actor all over the world. Beating fellow immensely famous and cult actors like Tom Cruise, Jackie Chan, and George Clooney, Shah Rukh Khan took the fourth position in the list of eight richest actors of the world released by World of Statistics.
The Shah Rukh Khan has made a great impact with his cameos in films like R Madhavan’s Rocketry: The Nambi Effect and Ayan Mukerji’s Brahmastra Part 1: Shiva. Now, ahead of the release of his comeback film, Pathaan, the actor has been featured in the list of the richest actors in the world.
Richest actors in the world:
Jerry Seinfeld (US): $1 Billion
Tyler Perry (US): $1 Billion
Dwayne Johnson (US): $800 million
Shah Rukh Khan (Indian): $770 million
Tom Cruise (US): $620 million
Jackie Chan (Hong Kong): $520 million
George Clooney (US): $500 million
Robert De Niro (US): $500 million.
World Economic Forum 53rd edition to start at Davos, Switzerland
World Economic Forum 53rd edition: Today marks the start of the 53rd World Economic Forum (WEF) in Davos, Switzerland. The meeting will go on through Jan 20.
World Economic Forum 53rd edition
Today marks the start of the 53rd World Economic Forum (WEF) in Davos, Switzerland. The meeting will go on through January 20. The WEF meeting’s 2018 theme is “Cooperation in a Fragmented World.” The gathering of professionals, academics, investors, and political and commercial leaders will discuss and support creative solutions for some of the most serious problems confronting the world today, such as the climate change, global inflation, and the Russia-Ukraine situation.
World Economic Forum 53rd edition: Key Points
It is anticipated that global leaders would discuss their perspectives on the current state of the global economy.
The prospect of a recession, the cost of living crisis, and financial strain are expected to dominate the future for at least two years, according to the WEF’s annual Global Risks Report.
European Commission President Ursula von der Leyen, German Chancellor Olaf Scholz, President of the European Parliament Roberta Metsola, Presidents of South Africa Cyril M. Ramaphosa, Spain’s Pedro Sanchez, South Korea’s Yoon Suk-yeol, Switzerland’s Alain Berset, and Finland’s Sanna Marin are among the world leaders attending the meeting.
India’s top leaders are anticipated to take a significant part in the summit.
Importance of World Economic Forum 53rd edition
They observe the numerous political, economic, and social pressures causing growing fragmentation on a global and national basis, according to WEF Founder and Executive Chairman Klaus Schwab. He claimed that strengthening cooperation between the public and private sectors is necessary to address the underlying reasons for this trust erosion and to set the stage for a robust and long-lasting recovery.
Jallikattu 2023 Celebrations begin in Madurai
Jallikattu 2023 Celebrations: The renowned Jallikattu bull-taming competition got underway on Sunday in the Tamil Nadu village of Avaniyapuram.
Jallikattu 2023 Celebrations
The renowned Jallikattu bull-taming competition got underway on Sunday in the Tamil Nadu village of Avaniyapuram. Aneesh Sekhar, the district collector of Madurai, as saying that preparations had been made to ensure a successful Jallikattu. ensuring the players’ and bulls’ safety. Bulls are protected in the play area by three levels of barricading, as are spectators.
Jallikattu 2023 Celebrations: Key Points
Several eager young men participated in the sport, which received a fawning round of applause.
During the Pongal harvest season, which starts in mid-January, jallikattu is a well-liked sport.
The winner is determined by how long the tamer stays on the bull’s hump.
It is customarily done as a part of Mattu Pongal, the third day of Tamil Nadu’s four-day harvest festival.
The third day of Pongal is devoted to cattle, an essential agricultural partner; the Tamil term “mattu” means “bull.”
One side of the debate over the sport maintains that it violates animal rights, while the other argues in favour of preserving the “culture and customs” of the local populace.
The Supreme Court’s decision to abolish jallikattu served as the primary impetus for the demonstration.
The protests’ largely peaceful atmosphere attracted praise from all throughout the nation, spurring efforts to make several other Indian states’ previously unlawful festivals legitimate.
About Jallikattu Celebrations
A bull (Bos indicus), such as the Pulikulam or Kangayam breeds, is released into a crowd of people during the traditional event known as jallikattu (or sallikkattu), also known as eru thazhuvuthal and mancuvirattu. Participants attempt to grab the large hump on the bull’s back with both arms and hang on to it as the bull tries to flee. In an effort to halt the bull, participants hold the hump for as long as they can. Occasionally, riders are required to ride far enough to remove flags from the bull’s horns.
Warehousing Development Regulatory Authority Signed MoU with SBI
Warehousing Development Regulatory Authority (WDRA) has signed MoU with the State Bank of India in order to help farmers in getting low-interest-rate loans.
Warehousing Development Regulatory Authority (WDRA) has signed a memorandum of understanding (MoU) with the State Bank of India to help farmers in getting low-interest-rate loans. The Memorandum of Understanding (MoU) was signed to promote awareness about the new loan product called ‘Produce Marketing Loan’ to exclusively fund against e-NWRs (electronic Negotiable Warehouse Receipt).
Warehousing Development Regulatory Authority Signed MoU with SBI – Key Points
It is envisaged that the product will have far-reaching consequences regarding the acceptance of e-NWRs among small and marginal farmers.
It has the potential to make a significant impact on the finances of rural depositors by preventing distressed sales and releasing better prices for the produce.
Combined with the inherent security and negotiability of the e-NWR system, the ‘Produce Marketing Loan’ will aim in improving rural liquidity and increasing farmers’ income.
The Food and Consumer Affairs ministry informed that a conference on “Digital financing against e-Negotiable Warehouse Receipts and way forward” was held at NABARD Head Office in Mumbai.
The purpose of the conference was to interact with bankers to increase post-harvest pledge finance against e-NWRs issued by warehouses registered by WDRA and evolve mechanisms that would improve the ease of doing business.
Bankers present at the conference have expressed their satisfaction with the e-NWR system established by WDRA as it provides them with considerable safety and comfort against loans advanced by them against warehouse receipts.
SPIC MACAY and Culture Ministry collab on ‘Shruti Amrut’
'Music in the Park' series under 'Shruti Amrut': This year, SPIC MACAY, in association with the Ministry of Culture and the New Delhi Municipal Council, presents "Shruti Amrut".
‘Music in the Park’ series under ‘Shruti Amrut’
This year, SPIC MACAY, in association with the Ministry of Culture and the New Delhi Municipal Council, presents “Shruti Amrut,” a new instalment of its wildly popular “Music in the Park” series. Eminent musicians from all over the nation performed to highlight the beauty of Indian classical music.
The first event in this series for 2023 took place today at 3 p.m. at Chanakyapuri, New Delhi’s Nehru Park.
Performances at ‘Music in the Park’ series under ‘Shruti Amrut’
Aman Ali Bangash, a 7th Generation musician from the Senia Bangash Gharana, opened the evening with a Sarod performance.
Anubrata Chatterjee (Tabla) and Abhishek Mishra were with him (Tabla).
After that, Padma Bhushan Begum Parween Sultana of the Patiala Gharana performed Hindustani vocal music with the help of Akram Khan on the tabla, Shrinivas Acharya on the harmonium, and Shadaab Sultana on the vocals.
Sankranti gift: PM Modi to virtually flag off Secunderabad-Visakhapatnam Vande Bharat Express
About SPIC MACAY
The Society for Promotion of Indian Classical Music and Culture Among Youth (SPIC MACAY) is a non-profit youth organisation that organizes programmes and workshops of Indian Classical, Folk Music and Dance, Yoga, Meditation, Crafts, and other aspects of Indian culture in order to promote the tangible and intangible aspects of Indian and global heritage. Over 850 cities throughout the world have chapters of this movement, which was founded in 1977.