Himalai Celebrating 20th-year celebration, on this eve Himalai extending helping hands to the UPSC-IAS
Most important exam oriented Current Affairs Concepts:
National Afforestation and Eco-Development Board
The National Afforestation and Eco-Development Board (NAEB), set up in August 1992, is responsible for promoting afforestation, tree planting, ecological restoration and eco-development activities in the country, with special attention to the degraded forest areas and lands adjoining the forest areas, national parks, sanctuaries and other protected areas as well as the ecologically fragile areas like the Western Himalayas, Aravallis, Western Ghats, etc. The detailed role and functions of the NAEB are given below.
1. Evolve mechanisms for ecological restoration of degraded forest areas and adjoining lands through systematic planning and implementation, in a cost-effective manner;
2. Restore through natural regeneration or appropriate intervention of the forest cover in the country for ecological security and to meet the fuelwood, fodder and other needs of the rural communities;
3. Restore fuelwood, fodder, timber and other forest produce on the degraded forest and adjoining lands in order to meet the demands for these items;
4. Sponsor research and extension of research findings to disseminate new and proper technologies for the regeneration and development of degraded forest areas and adjoining lands;
5. Create general awareness and help foster people’s movement for promoting afforestation and eco-development with the assistance of voluntary agencies, non-government organizations, Panchayati Raj institutions and others and promote participatory and sustainable management of degraded forest areas and adjoining lands;
6. Coordinate and monitor the Action Plans for afforestation, tree planting, ecological restoration and eco-development; and
7. Undertake all other measures necessary for promoting afforestation, tree planting, ecological restoration and eco-development activities in the country.
The International Monetary Fund (IMF)
The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.
The IMF’s responsibilities: The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.
The IMF’s fundamental mission is to ensure the stability of the international monetary system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members.
The IMF oversees the international monetary system and monitors the economic and financial policies of its 189 member countries. As part of this process, which takes place both at the global level and in individual countries, the IMF highlights possible risks to stability and advises on needed policy adjustments.
A core responsibility of the IMF is to provide loans to member countries experiencing actual or potential balance of payments problems. This financial assistance enables countries to rebuild their international reserves, stabilize their currencies, continue paying for imports, and restore conditions for strong economic growth, while undertaking policies to correct underlying problems. Unlike development banks, the IMF does not lend for specific projects.
IMF capacity development—technical assistance and training—helps member countries design and implement economic policies that foster stability and growth by strengthening their institutional capacity and skills. The IMF seeks to build on synergies between technical assistance and training to maximize their effectiveness.