NEWS TODAY VISIONIAS 25 th MAY, 2021 Low demand can even lead to a recession with increases in unemployment. These 5 states include Delhi and four neighbouring States of Rajasthan, Madhya Pradesh, Uttar Pradesh and Haryana. Missing child has been defined as a person below 18 years of age, whose whereabouts are not known to the parents, legal guardians and any other person who may be legally entrusted with the custody of the child, whatever may be the circumstances/causes of disappearance. Possible factors: Trafficking, Abandonment (on the basis of gender, health/disability, children born out of wedlock), Theft of kids (for personal reasons), Natural calamities, Sacrifice/religious beliefs etc. Challenges in rescue and rehabilitation of missing child Steps taken A child goes missing in India every eight minutes. More girls go missing than boys. The figures are always under-reported either due to social stigma or due to non-cooperation from police officials. The mechanism to trace missing children is weak and tracing these children’s families is never taken on priority. Many of the rescued children do not remember their address or other details of their parents. Khoya-Paya portal to upload the information of the missing child. Protected under the Juvenile Justice (Care and Protection of Children) Act, 2015. Migration is the movement of people away from their usual place of residence, across either internal or international borders. Due to Covid-19 induced lockdown, many migrants are forced to migrate from cities to rural area. As of 2020, India has an estimated 600 million migrants. Reasons of migration such as urbanisation, marriage, skills and education, healthcare and housing etc. are included under the broader classification of Push and Pull factors of migration. MEITY FORMULATES POLICY PAPER ON CIRCULAR ECONOMY TO DEAL WITH E-WASTE NDUW, developed by Ministry of Labour and Employment, will be a comprehensive data base of the Unorganised Workers including the Building and other Construction Workers and Migrant workers, seeded with Aadhaar. Inflation targeting is a monetary policy system wherein the central bank of a country has a specific target inflation rate for the medium-term and publicises this rate. Significance of inflation targeting: Reduced inflation volatility; Reduced inflationary impact of shocks; Increased anchoring of inflation expectations. Issues with inflation targeting In India, Inflation targeting is done by the Monetary Policy Committee (MPC) who is mandated to keep the inflation rate at 2-6%. Other Government Initiatives to help migrants: Garib Kalyan Rojgar Abhiyan, Pradhan Mantri SVANIDHI Scheme, Aatm Nirbhar Bharat, Pradhan Mantri Garib Kalyan Yojana, One Nation One Ration Card, financial assistance to Building and Other Construction workers etc. Significance of NDUW It will have details of name, occupation, address, occupation type, educational qualification, skill types & family details etc. It will be utilized to deliver various social security and welfare schemes being implemented by the different Ministries/ Departments of the Central and State Governments. To address various challenges faced by the unorganized workers especially migrant workers and frame policies/schemes according to available data such as occupation, skill etc. It will help the workers to share details about their skills and get suitable work Providing a comprehensive database to Government for tackling any National Crises like COVID-19 in future. This target was adopted in 2016 for 5 years on the recommendations of Urjit Patel Panel which was further extended for 5 years recently. India exposes itself to the need for constant policy interventions if it targets an inflation rate below 6%. Low inflation usually signals demand for goods and services is lower than it should be. Tends to slow economic growth and depress wages. Due to monetary policy focus on Inflation, other macro parameters (ratio of fiscal deficit to GDP; Current account deficit to GDP) lack consistency of targets. SC ORDERS COMPLETION OF NATIONAL DATABASE FOR UNORGANISED WORKERS (NDUW) AT THE EARLIEST INFLATION TARGETS BELOW 6% MAY COST GROWTH: RBI STUDY The paper titled ‘Circular Economy in Electronics and Electrical Sector’ aims to encourage circular economy, or ensuring zero to minimal wastage in the use of electronics and electrical sector. Circular economy (CE) has the potential for enhancing resource security, abatement of loss of precious and rare minerals, addressing pollution, enhancing livelihood opportunities, and mitigating environmental degradation. Major recommendations India is the third largest electronic waste generator in the world after China and the USA as per the Global E-waste Monitor 2020. CE is an industrial system, which is an alternative to highly extractive and resource intensive linear economy principle of take-make-dispose. Setting up material sampling labs across the regions to assess the material value in the end-of-life product. Mandatory use of certain percentage of critical materials sources from secondary materials. Resource efficiency/ circular economy labeling, eco-labelling on the products in the percentage use of recycled materials in the product to create consumer awareness in recycling aspects of products. Promotion of technology for extraction of maximum number of materials through technology development/transfer, innovative finance mechanisms and schemes. IN 5 STATES 9,453 CHILDREN WENT MISSING BETWEEN JAN-JULY 2020: REPORT