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Current Affairs Current Affairs July 2018

India Becomes World’s 6th Largest Economy: World Bank

 India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India's gross domestic product (GDP) amounted to $2.597 trillion at the end of 2017, against $2.582 trillion for France.
The world's top 3 economies are:
  •  The United States, 
  •  China, 
  •  Japan. 
    		•
    Source- The Economic Times
    Catgeory: Ranks & Reports

    Andhra Pradesh Tops Ease Of Doing Business Rankings

     For the second year in a row, Andhra Pradesh has been ranked as the easiest Indian state to do business in, according to a survey. The Chandrababu Naidu-led state took the pole position in the rankings for Ease of Doing Business that was released by the Department of Industrial Policy and Promotion and Ministry of Commerce and Industry in Delhi. Telangana came second followed by Haryana, Jharkhand and Gujarat. The north-eastern state of Meghalaya was ranked lowest at 36th. 
    Ease Of Doing Business Rankings: 
    Sl.No. STATE SCORE
    1. Andhra Pradesh 98.4
    2. Telangana 98.3
    3. Haryana 98.1
    4. Jharkhand 98.0
    5. Gujarat 98.0
        Source- The Livemint
    Catgeory: Ranks & Reports

    India’s 1st Private UAV Factory To Come Up In Kota

     India’s first private sector unit for manufacturing Unmanned Air Vehicles (UAV) and light bullet proof vehicles (LBPV) will be set up by DCM Shriram Industries Group on the campus of Shriram Rayons in Kota, Rajasthan. The new defence unit of Shriram Rayons in Kota is being set up under ‘Make in India’ initiative of the union government. 
    Source- The Hindustan Times
    Catgeory: Defense

    Global Innovation Index: Switzerland Tops, India Ranks 57th

     The Global Innovation Index (GII) has ranked India as the 57th most innovative nation in the world. The country has improved its ranking from 60th position in 2017. India has been improving steadily since it was ranked 81st in 2015. Meanwhile, China improved its ranking from 22 in 2017 to 17 this year.  The GII is being developed jointly by Cornell University, the Paris-based business school Insead and the World Intellectual Property Organisation (WIPO) in Geneva. GII ranks 126 economies based on 80 indicators.
    The Top 3 Countries in Global Innovation Index are: 
  •  Switzerland, 
  •  The Netherlands, 
  •  Sweden. 
    		•
    Source- The Economic Times 
    Catgeory: Ranks & Reports

    Gujarat signs MoU with Korea Trade-Investment Promotion Agency to strengthen trade, industrial relations

     Gujarat Government’s Industries and Mines Department has signed Memorandum of Understanding (MoU) with Korea Trade-Investment Promotion Agency (KOTRA) to strengthen trade, industrial relations. KOTRA is national trade and investment promotion organisation operated by South Korea Government.
    • Key Facts
    The MoU was signed with aim to recognize mutual desire to further enhance and strengthen India (Gujarat) and South Korea trade and industrial investment relations and encourage ongoing dialogue and cooperation. Under this MoU, both Industries Department of Gujarat and KOTRA will assist each other to provide in-market support. The priority sectors in focus under this MoU are chemical, petrochemical and pharmaceuticals; new and renewable energy; start-up ecosystem; textiles and apparels; urban infrastructure; Food Processing and Agro related industries; Skill Training and Development; Automobile, etc.
    • Background
    Gujarat is a leading destination for foreign investment and bilateral trade. It is a key contributor to India-South Korea economic relationship. Gujarat’s export to South Korea was around $1 Billion in 2017-18, which is approximately 25% of India’s total export to South Korea. In recent past, South Korean companies in the field of manufacturing, textiles and chemicals have also expressed interest in investing in Gujarat.
    Catgeory: State

    India-South Korea Technology Exchange Centre inaugurated in New Delhi

     The India-Korea Technology Exchange Centre was inaugurated at National Small Industries Corporation premises in New Delhi. It was inaugurated by Minister of State (I/C) MSME Giriraj Singh and Minister of SMEs and Start-ups of South Korea, Hong Jong- hak.
    • India-Korea Technology Exchange Centre
    The purpose of centre is to create platform for MSMEs of India and South Korea where they can be assisted to identify and exchange latest technologies, share management expertise, product development and technology applications for product development.The centre will work towards identifying Indian  technologies which can be exported to Korea and find suitable Korean partners for the same. It will initiate various cooperative MSME projects complimenting each other’s strengths in MSME sector. It will also create Technology Data Bank from each side to encourage technology transfers, production of high quality products in India. It will also encourage Joint Ventures (JVs) and business matching between Indian and South Korean SMEs, besides others.
    Catgeory: Economy & Banking

    India & South Korea Signed 5 MoUs In Field Of Science And Technology

     India and South Korea have signed five MoUs in the field of Science and Technology in New Delhi. Science and Technology Minister, Dr Harsh Vardhan and his South Korean counterpart You Young Min signed three MoUs which are Programme of Cooperation 2018-21, Establishment of Future Strategy Group and Cooperation in Bio-technology and Bio-economy.  Two other MoUs were signed between Council of Scientific and  Industrial Research and South Korean National Research Council for Science and  Technology and IIT Mumbai and Korea Institute of Science and Technology, to further accelerate future-oriented cooperation. 
    Source- AIR World Service
    Catgeory: Agreements

    NITI Aayog Released Paper On ‘National Health Stack’

     The central government think tank NITI Aayog has unveiled the blueprint of 'National Health Stack' (NHS), a shared digital healthcare infrastructure. The blueprint is in line with the implementation of the Centre’s flagship scheme Ayushman Bharat and other public healthcare programmes in the country. According to a consultation paper titled ‘National Health Stack Strategy an Approach’, the National Health Stack will facilitate the collection of comprehensive healthcare data across the country. This will allow policymakers to further build their projections around upcoming outcomes, experiment with new services as well as fill the existing gaps in the Indian healthcare industry among others.
    Other Key Benefits Of NHS:
    • -allow states to incorporate horizontal and vertical expansion of scheme,
    • -avoid duplication of efforts,
    • -enable ease of adoption for those without systems or with dysfunctional systems in place,
    • -continue using their own state system while integrating with Rashtriya Swasthya Suraksha Mission (RSSM)via Application Programming Interface (APIs).
    Source- inc42.com
    Catgeory: National

    Six Universities Granted ‘Institute Of Eminence’ Status

      The Union Government has granted the Institutions of Eminence (IoEs) status to six institutions including 3 from Public Sector and 3 from Private Sector. The decision was taken on the basis of the recommendations given by an Empowered Expert Committee (EEC). 
    Three Public Universities granted the Institutions of Eminence (IoEs) status:
  •  Indian Institute of Technology (IIT)-Bombay, 
  •  IIT-Delhi, 
  •  IISc Bangalore.
    		•
    Three Private Universities granted the Institutions of Eminence (IoEs) status:
  •  Jio Institute by Reliance Foundation, 
  •  BITS Pilani, 
  •  Manipal Academy of Higher Education. 
    		•
    The aim of the Institutions of Eminence scheme is to bring the selected higher educational institutions in theworld’s top 500 in the next 10 years and eventually in top 100. The scheme has been launched with an objective to provide world-class teaching and research facilities to Indian students within the country and enhance general level of education of the country. 
    Source- The Hindu Business Line
    Catgeory: National

    India, South Korea Ink 11 MoUs

     India and South Korea signed 11 Memorandum of Understandings (MOUs) during South Korean President Moon Jae-in's visit to India. The 11 MoUs signed between the two countries are: 
  • Upgraded Comprehensive Economic Partnership Agreement (CEPA) was signed to facilitate ongoing negotiations on upgrading the India-RoK (Republic of Korea) CEPA by identifying key areas for trade liberalization (including shrimp, molluscs and processed fish).
  • An MoU on trade remedies was signed for cooperation in the area of trade remedies such as anti-dumping, subsidy, countervailing and safeguard measures through consultations and exchange of information.
  • An MoU on future strategy group was inked for cooperation in the development of cutting-edge technologies for commercialisation to reap the benefits of the fourth industrial revolution.
  • An agreement on a cultural exchange programme for the period 2018-2022 was signed to deepen cultural and people-to-people relations by providing for institutionalised cooperation in fields of music and dance, theatre, art exhibitions, archives, anthropology, mass media programmes and museum exhibits.
  • An MoU on cooperation in the field of scientific and technological research between Council for Scientific and Industrial Research (CSIR) and National Research Council of Science and Technology (NST) was signed.
  • An MoU on cooperation between Research Design and Standards Organization (RDSO) and Korea Railroad Research Institute (KRRI) was signed for cooperation in railway research, exchange of railway-related experience and development of railway industries.
  • An MoU on cooperation in the field of biotechnology and bio-economics was signed for cooperation in the adoption of biotechnology and bio big-data in health, medicine, agro fishery products.
  • An MoU on cooperation in the field of ICT and telecommunications was signed for cooperation in development, modernisation and expansion of state-of-the-art telecommunication/ICT services and next-generation wireless communication networks.
  • An MoU on cooperation in the field of Micro, Small and Medium Enterprises (MSMEs) between India and RoK was signed between the National Small Industries Corporation of India and the Small and Medium Business Corporation (SBC) of South Korea. 
  • An MoU on Queen Suriratna memorial project was signed to facilitate upgradation and expansion of the existing monument commemorating Princess Suriratna (Queen Hur Hwang-ok), a legendary Princess of Ayodhya, who went to Korea in AD 48 and married King Kim-Suro.
  • An MoU between the Gujarat government and Korea Trade Promotion Agency (KOTRA) was inked to enhance industrial and investment relations between South Korean companies and Gujarat. KOTRA shall open an office in Ahmedabad and will become one of the partner organisations for the Vibrant Gujarat Global Summit 2019.
    		•
    Source- ANI News
    Catgeory: Agreements

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