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Shanghai Cooperation Organisation (SCO):

It is a Eurasian political, economic and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. These countries, except for Uzbekistan, had been members of the Shanghai Five, founded in 1996; after the inclusion of Uzbekistan in 2001, the members renamed the organisation.

The SCO is seen as a counter to the North Atlantic Treaty Organisation (NATO).
With observer states included, its affiliates account for about half of the world’s population.
The SCO has established relations with the United Nations, where it is an observer in the General Assembly, the European Union, Association of Southeast Asian Nations (ASEAN), the Commonwealth of Independent States and the Organisation of Islamic Cooperation.
India and Pakistan were accepted as full members of the organization in July 2015.
Afghanistan, Belarus, Iran and Mongolia enjoy observer status.

Space technology to safeguard thatched roofs



The scientists of the Vikram Sarabhai Space Centre (VSSC) are planning to use the technology that protects rocket launch vehicles from high-temperature fire to protect the thatched roofs and even prevent water seepage in concrete buildings.

Details:

The technology uses the ceramic-polymer hybrid (CASPOL). CASPOL is water-based ready-to-coat product. It was originally developed to protect the rockets from high temperature and fire to which they are exposed during the initial moments of launch. Caspol can withstand up to 800 degree Celsius. The centre has described the product as one which is eco-friendly as it is free of toxic materials.

Benefits:

This could protect public transport systems and poor men residing in thatched homes from fire accidents. Seats in automobiles, public transport system and seat cushions of railway coaches can be made fireproof when Caspol is applied.
Besides its ability to protect against fire and high temperature, Caspol can also make surfaces waterproof. When applied over the concrete surface of buildings, fill up the micro cracks and holes on concrete to prevent water from seeping in.
Also, when applied over concrete surface of buildings, the high emissivity of the product reduces the temperature inside the building by at least 5 to 6 degree Celsius.
Sources: the hindu.

What are P-notes?

P-Notes are derivative products issued by FPIs in foreign markets which give their holders the right to have a share of the profit and loss from underlying Indian stocks but at the same time help maintain anonymity about the actual owners of those notes.

Mpsc main paper 3 HR
The World Day Against Child Labour was observed across world on 12 June to bring awareness against child labour. The observance seeks to bring together governments, employers and workers organizations, civil society, as well as millions of people from around the world to highlight the plight of child labourers and what can be done to help them. 2016 Theme: ‘End child labour in supply chains – It’s everyone’s business.’

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Renewable energy pip Hydro



The renewable energy sector in the country has for the first time surpassed hydro power generation.

Key facts:

According to the Central Electricity Authority data, the total capacity of renewable energy sector increased to 42,849.38 MW, surpassing the total capacity of hydro power sector at 42,783.42 MW, out of the nation’s total installed capacity of a little over 3 lakh MW on April 30, 2016.
The renewable energy investments in solar and wind have benefited from a strong central policy and several years of early-stage private sector investment, respectively.
In contrast, hydro power suffered from multiple challenges, including non-availability of long-term financing; the cost imposed by royalty power to be offered free to the state government; and limited opportunities for the private sector.
The government has ambitious plans for deployment of 175 GW renewable power capacities by 2022, including 100 GW of solar and 60 GW of wind, which may require investment of around $150 billion in the next seven years.
The total capacity of the thermal sector stood at 2,11,420.40 MW.

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Axis Bank launches India’s first certified green bond at London Stock Exchange



Axis Bank has raised $500 million at the London Stock Exchange after it launched India’s first internationally-listed certified green bond to finance climate change solutions around the world.

The proceeds of the bond will be invested in green energy, transportation and infrastructure projects, reinforcing India’s commitment to produce 175,000 MW of renewable power by 2022.
What are Green bonds?

Green bonds are like any other debt instrument but the funds raised from such a bond sale are used exclusively for renewable energy projects.

With the Indian government and private sector increasingly focusing on renewable energy projects, the demand for such funds is expected to rise over time.

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A two-day meeting in Vienna of the Nuclear Suppliers Group to decide on India’s application for membership to the 48-nation club has ended without a breakthrough. India’s application is now expected to be taken up in a meeting in Seoul on June 20. Most countries support India, but some want a well-defined process rather than an exception made for India. NSG decision needs full consensus, not simple majority.