Gnxx Cain X03a En16(insight) 556p5h

CURRENT AFFAIRS

INSIGHT

(18th to 24th Jan 2016)

GNXX CAIN X03A EN16

Exports are falling consecutively 1. “ Inverted Duty Structure renders the manufacturing sector in an economy uncompetitive ” for the past 13 months i.e. since  Import Duty is more on raw materials December 2014  Import Duty is less on finished products 2. “ A t forum of banks, led by SBI has decided to convert loan to 65% stake in Alok Industries by invoking SDR mechanism ” 3. “ Purchasing Managers’ Index (PMI) contracted for the first time in 2 years ”  It was started by USA based Institute of Supply Management in 1948.  It is an indicator of the economic health or business activity – both in the manufacturing and services sectors.  50 separates growth from contraction.  It is derived from the monthly surveys of private sector companies.  The five major indicators are  New orders  Inventory levels  Production  Supplier deliveries  Employment environment 4. “ Union Civil Aviation Minister Ashok Gajapathi Raju said that 5/20 rule has no scientific meaning ” 5. “ FIPB clears 13 proposals worth Rs 6,500 cr ” 6. “Because of Zika virus, several children in Brazil are being born with Microcephaly, the failure of brain to grow to normal size ” 7. “ Union Cabinet recommended for the imposition of President’s rule in Arunachal Pradesh ” 8. “ In Start-up India, Govt. will create Rs. 10,000 cr Fund of Funds ”  “Fund of Funds” in this case will not directly invest in start-ups.  It will invest in SEBI ed venture capital firms.  This will contribute to a maximum of 50% of the daughter fund size.

Learning Space

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