20th Apr 2022 Current Affairs
Published on April 21, 2022, 8:13 a.m.

1. The International Monetary Fund (IMF) cut its forecast for India's GDP growth.
It downgraded the outlook for global growth, citing the economic impact of the Russia-Ukraine War.
The International Monetary Fund’s latest World Economic Outlook also projected India’s economy to expand by 6.9% next year. 
Higher food and fuel prices were impacting vulnerable populations, and interest rates were rising as central banks tightened monetary policies. Additionally, the global economy was becoming fragmented, with countries cutting off ties with Russia. 
India’s GDP growth in the current fiscal year is 8.2 percent, a 0.8 percent reduction from the previous assessment. 
The global impacts of Russia’s invasion of Ukraine are seen working through commodity price increases and disruptions to cross-border production networks like Neon Gas production, an input for silicon chips, which is concentrated in Russia and Ukraine as a result of sanctions. 
 
2. Coal industry
India’s transition away from coal as a fuel will be hampered by the Russia-Ukraine War.
India has come under pressure from the USA to not increase its imports of energy from Russia, which has been sanctioned by Europe and the USA for its invasion of Ukraine. Approximately 1 to 2% of India’s energy imports come from Russia. 
At the UN Climate Change Conference (the 26th conference of Parties—COP26) held in Glasgow, the countries agreed, after pressure from China and India, to "phase down" rather than "phase out" the use of coal. 
India also increased its focus on a lack of climate finance from developed countries and asked for 1 trillion dollars in climate finance over the current decade, in order to meet its climate commitments. 
India would have a renewable energy target of 500 GW by 2030 and meet 50% of its energy needs from renewable sources. 
 
3.China, Solomon Islands sign landmark security agreement.
Solomon Islands is a sovereign country consisting of 6 major islands and over 900 small islands in Oceania, to the east of Papua New Guinea and northwest of Vanuatu. 
Under the agreement, the two sides “will conduct cooperation in such areas as maintenance of social order, protection of the safety of people’s lives and property, humanitarian assistance, and natural disaster response, in an effort to help the Solomon Islands strengthen capacity building in safeguarding their own security."
 
4.The President gives assent to the Criminal Procedure Bill 
President Ram Nath Govind has given his assent to the Criminal Procedure (Identification) Bill, which empowers the police to obtain physical and biological samples of convicts and those accused of crimes. 
The Act, which replaces the Identification of Prisoners Act, 1920, was passed by the Lok Sabha and then by the Rajya Sabha.
Apart from the sample collection, the legislation also empowers a magistrate to order measurements or photographs of a person to be taken to aid the investigation of an offence. 
In the event of acquittal or discharge of the person, all materials must be destroyed. It also provides for the data to be stored in a central database. 
 
5.The Delhi-Dehradun Economic Corridor Expressway Project 
The Supreme Court replaced the Uttarakhand Chief Secretary with the Director-General of Forests, Environment Ministry, as the chairman of the expert committee tasked with overseeing compensatory afforestation and other mitigation measures for the Delhi-Dehradun Economic Corridor Expressway Project. 
It was made to ensure that a broad understanding is facilitated in carrying out the work of implementation. The Bench also brought in Anil Prakash Joshi, founder of Himalayan Environmental Studies and Conservation Organisation, and environmentalist Vijay Dhasmana as members of the panel. 
The tribunal had allowed the expressway project and formed the committee to prevent environmental damage by unscientific muck dumping or obstruction of animal corridors on the Ganeshpur–Dehradun Road (NH-72A) stretch.