16th June, 2022 Current Affairs
2020-21: Female labour participation increased to 25.1%
- According to the Periodic Labour Force Survey (PLFS) annual report for July 2020-June 2021, the all-India female labour force participation rate (LFPR) in ordinary status grew 2.3 percent to 25.1 percent in 2021, up from 22.8 percent the previous year.
- In rural areas, female labour force participation has climbed by 3% to 27.7%, whereas in urban areas, female labour force participation has increased by 0.1 percent to 18.6%. The labour force participation rate (LFPR) is the proportion of people who work in the population.
- The usual status of a person was defined as the activity status on which he or she spent a significant amount of time in the 365 days prior to the survey date.
- The overall LFPR for people of all ages in typical status in India has grown slightly from 40.1 percent in 2019-20 to 41.6 percent in 2020-21.
- In India, the LFPR in usual status for people aged 15 to 29 years is 41.4 percent, while it is 54.9 percent for people aged 15 and up.
- At the same time, India’s worker population ratio (WPR) in normal status for people of all ages is 39.8%.
- The Workforce Participation Rate (WPR) is the percentage of the population who are employed.
India’s 1st private train service flagged off under ‘Bharat Gaurav Scheme’
- The first train to be operated between Coimbatore and Shirdi by a private operator, under the ‘Bharat Gaurav’ scheme of the Indian Railways, was flagged off.
- Ministry of Tourism has informed that the first ever Bharat Gaurav Train has been flagged off on Coimbatore north to SainagarShirdi route.
- The train will cover several historical destinations on the route while giving the passengers an insight into the cultural heritage of the country.
Russia overtakes Saudi Arabia to become India’s 2nd biggest oil supplier
- Russia has overtaken Saudi Arabia to become India’s second-biggest supplier of oil behind Iraq as refiners snap up Russian crude available at a deep discount following the war in Ukraine.
- Indian refiners bought about 25 million barrels of Russian oil in May, or more than 16 per cent of all their oil imports. Russian-origin crude hit 5 per cent of India’s total seaborne imports in April for the first time, rising from under 1% throughout 2021 and Q1 2022.
- After the U.S. and China, India is the world’s third-largest consumer of oil, over 85 per cent of which is imported.
- India, the world’s third-biggest oil-importing and consuming nation, has long defended purchases of crude oil from Russia following President Vladimir Putin ordering the invasion of Ukraine.
XPay.Life: First blockchain-enabled UPI service provider in India
- As it approaches three years of operation, XPay.Life, which claims to be India’s first blockchain-enabled transaction framework, has launched its UPI services aimed at rural India. XPay.
- Life claimed it is collaborating closely with regional rural banks and district co-operative banks to assist them bank more efficiently and provide full financial inclusion for the rural population with minimal disturbance. XPay.Life is a fintechstartup.
Trade deficit of India broadens to $24.29 billion in May 2022
- Trade data released by the Ministry of Commerce and Industry showed that India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago.
- May’s trade deficit was pushed up by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while exports rose 20.55% to $38.94 billion.
- Despite the uncertainty and volatility caused by the war in Europe, the engineering goods exports rose by 12.65 per cent year-on-year to $9.71 billion in May 2022.
Neeraj Chopra Olympics: The man with Golden arm 2022
- Subedar Neeraj Chopra PVSM VSM, the reigning Olympic champion in the javelin throw, is an Indian track and field athlete. Chopra joined the Indian Army as a Junior Commissioned Officer (JCO) and Naib Subedar in 2016, serving in the 4 Rajputana Rifles, one of the Army’s oldest rifle units. JCOs acquire the rank of Naib Subedar after 20 years of service.
- Neeraj Chopra, became the country’s first Olympic gold medalist in track and field on August 7, 2021.
- In his second attempt, he threw 87.58 metres to win the gold medal for India in the Tokyo Olympic Games.
- After AbhinavBindra, he is the second Indian to win a gold medal in an individual event.