Institution’s Innovation Council (IIC) and BASIC Ministerial Meeting on Climate Change

Institution’s Innovation Council (IIC) and BASIC Ministerial Meeting on Climate Change

Recent news:

• Union HRD Ministry has launched the ‘Institution’s Innovation Council (IIC) program under Innovation cell of MHRD in New Delhi.
• Aim is to foster the culture of Innovation in all Higher Education Institutions (HEIs) across the country.
• It is a significant step in institutionalizing innovation and developing a scientific temperament in the country.
• More than 1000 Higher Education Institutions (HEIs) have already formed IICs in their campuses and enrolled for the IIC network managed by MHRD’s Innovation cell.
• Indian universities are setting up research centers through ‘Institution’s Innovation Council (IIC) program to improve global innovation ranking in next 2-3 years through this initiative.

SOURCE: http://pib.nic.in/newsite/PrintRelease.aspx?relid=185872

BASIC Ministerial Meeting on Climate Change

Recent news:

• Ministerial meet of BASIC (Brazil, South Africa, India and China) group countries was hosted by the Ministry of Environment, Forest and Climate Change in New Delhi.
• This comes ahead of UN Conference of Parties (COP) scheduled to be held in December 2018 in Katowice, Poland.
• The BASIC group has urged advanced countries to enhance their support for developing nations in effectively implementing the Paris Agreement to combat climate change.
• The countries as a group would continue to push for developed countries on their earlier commitment to providing $100 billion annually from 2020.

Public Finance:

• Developed countries have not fulfilled their climate finance commitments of mobilizing USD 100 billion per annum by 2020.
• BASIC meet encouraged developed countries to scale up their financial support and finalise a new collective finance goal to inform parties for future action through NDCs.