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World Craft City (WCC) Title

World Craft City (WCC) Title: Srinagar is being considered for the prestigious World Craft City (WCC) title by the World Crafts Council International (WCCI). The World Craft City (WCC) initiative was launched in 2014 by the World Crafts Council International (WCCI), a Kuwait-based organization. It acknowledges the contributions of local authorities, craftspeople, and communities to […]

Green Credit Program : Update

Green Credit Program: The Ministry of Environment Forest and Climate Change(MoEFCC) has clarified that under the Green Credit Program(GCP) primacy must be accorded to restoring ecosystems over merely tree planting. Green Credit Program (GCP) is an innovative market-based mechanism designed to incentivize voluntary environmental actions across diverse sectors, by various stakeholders like individuals, communities, private […]

Global Financial Stability Report : IMF

Global Financial Stability Report : IMF The International Monetary Fund (IMF) released the latest global financial stability report. Highlights of the report: It has warned about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. Geopolitical risks such as the […]

Global Mass Coral Bleaching

Global Mass Coral Bleaching: The US National Oceanic and Atmospheric Administration (NOAA) said the fourth global mass coral bleaching event has been triggered by extraordinary ocean temperatures. Corals are essentially animals, which are sessile, meaning they permanently attach themselves to the ocean floor. They share a symbiotic relationship with single-celled algae called zooxanthellae. The algae […]