Why are fisherfolk protesting the Vizhinjam port project?

GS PAPER 1: Water bodies

Important for

Prelims Exam: About Vizhinjam port

Mains Exam: Significance of Vizhinjam port

Why in News?

Vizhinjam has been on the boil for the past four months with protesters mainly fisherfolk and their families laying siege to the under-construction Vizhinjam port. The protestors led by the Latin Archdiocese have been demanding the halting of the construction work of the port by Adani Vizhinjam Port Private Limited.

Vizhinjam port project:

https://www.dhyeyaias.com/sites/default/files/Vizhinjam-Port-Project--2.jpg

What lies at the heart of the protests?

Has it aggravated coastal erosion?

What is the government’s stance?

Is the Vizhinjam project important?

Global Report on Health equity for Disbales

GS Paper: 2- Government policies and interventions

Important for

Prelims exam: World Health Organzation, Persons with disabilities

Mains exam: Concerns related to persons with disabilities

Why in News?

A report titled Global report on health equity for persons with disabilities was released by the World Health Organization (WHO) in ahead of the International Day of Persons with Disabilities (3 December).

Key Highlights of the Report

What are the Recommendations?

What are the initiatives taken so far?

India

Global

Bilateral Relation Between India & Germany

GS PAPER 2: Relations between India and neighbouring countries

Important for

Prelims Exam: About Bilateral Relation Between India & Germany

Mains Exam: Significance of Germany for India

Why in News?

German Foreign Minister is on a two-day visit to India. India and Germany held wide-ranging discussions on deepening bilateral cooperation including in energy, trade and climate change and signed a Comprehensive Migration and Mobility Partnership Agreement to enable people to study, research and travel in each other’s country.

Background

Multilateral Cooperation:

Defence Cooperation:

Bilateral Defence Cooperation Agreement signed in September 2006 provides the framework for bilateral defence ties. To further enhance the Defence Industry and Defence Cooperation between Germany and India, the Arrangement on Implementation of the Agreement of 2006 concerning Bilateral Defence Cooperation was signed in February 2019 in Berlin.

Ship visits/Passex:

German investments in India:

Germany is the 9th largest FDI source for India. The total FDI from Germany to India from April 2000-June 2022 is over USD 13 billion. During 2021-22, German FDI was USD 728 million. In FY 2022-23 (up to June 2022), German FDI in India was USD 89 million. (Source: DPIIT). As per Indo-German Chamber of Commerce, there are more than 1,700 German companies in India. German investments in India have been mainly in sectors of transportation, electrical equipment, metallurgical industries, services sector (particularly insurance), chemicals, construction activity, trading and automobiles.

Sister State/City Arrangements:

The lingering crisis of labour post-pandemic

GS Paper: 3- Economy

Important for

Prelims exam: International Labour Organisation (ILO)

Mains exam: Inflation and economic slowdown

Why in News?

The International Labour Organisation (ILO) recently released two reports that gave an indication of the global employment scenario post-pandemic.

Key Highlights

The Global Wage Report 2022-2023

Is inequality rising?

What are the ILO’s remedies?

Services PMI hits 3-mth high

GS PAPER 3: Economic Indexes

Important for

Prelims Exam: About Purchasing Managers’ Index (PMI)

Mains Exam: Significance of Purchasing Managers’ Index (PMI)

Why in News?

The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 55.1 in October to 56.4 in November, indicating a sharp increase in output that was the quickest in three months’ even amid higher operating expenses.

Key Highlights

What is a PMI?

PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity — both in the manufacturing and services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before. It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.

How does one read the PMI?
A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction. Higher the difference from this mid-point greater the expansion or contraction. The rate of expansion can also be judged by comparing the PMI with that of the previous month data. If the figure is higher than the previous month’s then the economy is expanding at a faster rate. If it is lower than the previous month then  it is growing at a lower rate.

What are its implications for the economy?
The PMI is usually released at the start of the month, much before most of the official data on industrial output, manufacturing and GDP growth becomes available. It is, therefore, considered a good leading indicator of economic activity. Economists consider the manufacturing growth measured by the PMI as a good indicator of industrial output, for which official statistics are released later. Central banks of many countries also use the index to help make decisions on interest rates.