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The Global Shield Against Climate Risks, a joint initiative of the and the V20 Group of 20 vulnerable countries, was launched at the COP 27 in Sharm el-Sheikh.

This new initiative aims to respond to the call from the most climate vulnerable countries to improve the response to Climate Change-related loss and damage. In 2023, France will contribute 20 million in subsidies to the Global Shield Against Climate Risks. Germany, Canada, Denmark, the United States, France and Ireland will contribute a combined total of 210 million to the Global Shield. Other countries contribution announcements are forthcoming.

Bangladesh, Costa Rica, Fiji, Ghana, Pakistan, the Philippines and Senegal will be among the first countries to benefit from the Global Shield.

The Global Shield is structured around two pillars: a coordination platform tasked with designing Insurance solution packages together with the beneficiary countries and a financing structure that will support

the deployment of these solutions. Frances contribution will go to the Global Shields financial vehicle.

The Harm Reduction Consortium released the first Global Drug Policy Index.

Highlights:

Norway, New Zealand, Portugal, the United Kingdom, and Australia are the top five countries in this rating when it comes to compassionate and Health-oriented drug regulations.

Brazil, Uganda, Indonesia, Kenya, and Mexico are the five countries with the lowest rankings.

Out of a total of 30 countries, India is positioned 18th, which received 46 out of 100 scores and 63 out of 100 on the “usage of severe sentences and responses” criterion.

It received a 49 out of 100 for health and harm reduction and received a score of 38 out of 100 for proportionality in criminal reaction.

India received a 33 out of 100 for the availability and accessibility of internationally prohibited medications for the alleviation of pain and suffering.

NASA and US Geological Survey led

Landsat 9 mission collected and sent its first Light images of the Earth.

Images highlight the remote coastal islands and inlets of Kimberley region of Western Australia, Lake Erie, white sands of Pensacola Beach and Glaciers high in the Himalayas.

All the acquired images provide a preview of how this mission will help people in managing vital Resources“>Natural Resources and understanding the impacts of Climate-change”>Climate Change.

Landsat 9 is an Earth observation satellite. It was launched from Space Launch Complex-3E at Vandenberg Space Force Base on September 27, 2021. The mission was launched through an Atlas V 401 launch vehicle. This is a joint mission of NASA and US Geological Survey (USGS). NASA looks after building, launching, and testing the satellite on the other hand, USGS operates this satellite, and manages & distributes the data archive.

Reserve Bank Of India (RBI) is set to organise its first global hackathon called HARBINGER 2021Innovation for Transformation focusing on digital payments.

The global hackathon will be organised under theme of Smarter Digital Payments.

It will witness participants to identify and develop solutions which can be used:

To make digital payments accessible to the under-served

To enhance the ease of payments & user experience

To strengthen the security of digital payments and

to promote customer protection.

Thehackathonis inviting innovative ideas in payment & settlement system.

Through this hackathon, RBIseeks ideas on easy-to-use, innovative, non-mobile digital payment solutions to convert small-ticket cash transactions into digital mode to remove physical act of payment. It also seeks to develop alternate authentication mechanism for digital payments. Under the hackathon, RBI will also seek Social Media analysis monitoring tool to detect digital payment fraud and disruption.

Airport was declared as major airport by exercising powers conferred by Sub-Section (i) of Section 2 of the Airports Economic Regulatory Authority of India Act, 2008.

Earlier on October 23, Union Home Minister Amit Shah

had inaugurated international flight operations at Srinagar airport. First direct international flight was inaugurated between Srinagar, Sharjah and United Arab Emirates (UAE).

AERA has been mandated to determine tariff for aeronautical Services provided at major airports, under section 13 of the Airports Economic Regulatory Authority of India Act, 2008.

Amount of the development fees including user development fee and amount of passengers service fee are levied under Rule 88 of the Aircraft Rules, 1937 which were formulated under Aircraft Act, 1934.

The Government has planned to set up the Indian Institute of Heritage at Noida.

Highlights:

The Indian Institute of Heritage would offer Masters and PhD courses in HISTORY of Arts, Conservation, Museology, Archival Studies, Archaeology, Preventives Conservation, Epigraphy and Numismatics, Manuscriptology, etc. as well as conservation training facilities to in-service employees and the students of the Indian Institute of Heritage.

This will impact higher Education and research

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