Global Innovation Index & National Mineral Exploration Policy (GII & NMEP): Important Topics for UPSC Exams​

Global Innovation Index & National Mineral Exploration Policy (GII & NMEP): Important Topics for UPSC Exams​

Global Innovation Index

What?

• The annual ranking of countries based on their capacity for and success in innovation.
• It aims to arrest the multi-dimensional facets of innovation and offer the tools that can help in formulating policies to promote long-term output growth, improved productivity, and job growth.
• The GII helps in creating sustainable innovation environment.

Publisher

• INSEAD and WIPO (World Intellectual Property Organization).

2016 Theme

• Winning with Global Innovation, Switzerland is at the apex position.
• India is ranked at 66 and is at the top in the Central and South Asian region.

National Mineral Exploration Policy

What?

• Prepared by Ministry of Mines, approved by the Cabinet chaired by the Prime Minister.
• Expected to fuel investment in the exploration sector from both domestic and foreign investors and further bring in the best in class practices in the mining sector.
• Competitive bidding of the mineral block through the process of e-auction on the revenue sharing model.
• The state government will be responsible for identifying mineral blocks for bidding.

Why?

• To uncover full potential and put nation's mineral resources (non-fuel and non-coal) to the best use and thereby maximising sectoral contribution to the Indian economy

Main Emphasis and Features

• Making public baseline geoscientific data of world standards
• Quality research in a public-private partnership
• Special initiatives for search of deep-seated and concealed deposits,
• Quick aero-geophysical surveys of the country,
• Creation of a dedicated geoscience database
• Establishment of a not-for-profit autonomous institution, National Centre for Mineral Targeting (NCMT), to address the mineral exploration challenges.
• Reimbursement of the exploration expenditure on the normative cost basis, if no mineral reserves are found.

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