developing countries

31.01.18 Meghalaya(MeghalayaPSC) Current Affairs

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NORTH-EASTERN STATES

  • Nagaland receives no instruction from EC

 

  • Nagaland state election authority has not received any instruction from the Election Commission 24 hours after all major political parties agreed not to contest the upcoming assembly polls slated for February 27 alleging the Centre’s failure to resolve the main political problem.

 

  • According to state election department sources, the authority was aware of the decision and they passed the message to the ElectionCommission.

 

  • Many political functionaries in Kohima callerstate chief election officer Abhijeet Sinha on Tuesday who said that they won’t halt the process until they receive any instruction from the country’s poll panel which announced the poll scheduled two weeks back.

 

  • All major political parties on Monday signed a joint statement prepared by the civil society organizations not to contest the polls without a complete solution of the vexed decade old problem.

 

 

INTERNATIONAL

 

  • India and Asian Development Bank (ADB) sign $250 Million Loan

 

  • The Asian Development Bank (ADB) and the Government of India have signed a $250 million loan to finance the construction of 6,254 kilometers all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Prime Minister’s Rural Roads Program (PMGSY).

 

  • The First Tranche Loan is part of the $500 million Second Rural Connectivity Investment Program for India approved by the ADB Board in December 2017.

 

  • The program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities through improvements to about 12,000 kilometers Rural Roads across the 5 States.

 

·        India Ranks 6th In The List Of Wealthiest Countries

 

  • India ranked sixth in the list of wealthiest countries with the total wealth of 8,230 billion US dollars.
  • The list was topped by the United States of America, according to a report by New World Wealth.
  • He was the best-performing wealth market globally in 2017 as its total wealth swelled from 6,584 billion dollars in 2016 to 8,230 billion dollars in 2017, registering a 25% growth.

 

 

  • India ranks 62th in inclusive development index by World Economic Forum

 

Inclusive Development Index

 

  • 103 countries
  • 74 –developing countries
  • India ranked 62th
  • Three individual pillars — growth and development; inclusion; and inter-generational equity — has been divided into two parts. The first part covers 29 advanced economies and the second 74 emerging economies.

 

  • Growth score (6 level)— receding, slowly receding, stable, slowly advancing and advancing.

 

  • The top-five most inclusive emerging economies are Lithuania, Hungary, Azerbaijan, Latvia and Poland.

 

  • India ranks 72nd for inclusion, 66th for growth and development and 44th for inter-generational equity.

 

  • Three parameters -Standard of living-  Environment stability – future generation indebtedness

 

  • India is above only from South africa in BRICS countries.

 

NATIONAL

 

·        India becomes third largest producer of crude steel

 

  • According to a recent report published by World Steel Association (WSA), India overtook the US to become the world’s third-largest steel producer in 2018.
  • China has remained world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period.
  • Japan is second largest global steel producer.
  • The Global steel production had reached 1,691.2 MT in 2017, up by 5.3% compared to 2016 when output was 1,606.3 MT.
  • It includes over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.
  • It was founded in July 1967 and is headquartered in Brussels, Belgium.

 

  • Stree Swabhiman Initiative launched for Women Health and Hygiene

 

  • The Information Technology and Electronics Ministry of the country has announced to launch the new scheme initiative under Stree Swabhiman Drive.

  • The new initiative has been introduced by the Ministry and CSC to ensure and maintain perfect health for Women and at the same time to maintain Health Hygiene.

 

  • Prime Minister to launch Khelo India School Games in the Capital

 

  • Prime Minister Shri Narendra Modi will launch the first Khelo India School Games at Indira Gandhi Indoor Stadium in New Delhi on January 31, 2018.

 

  • The Khelo India programme has been introduced to revive the sports culture in India at the grass-root level by building a strong framework for all sports played in our country and establishing India as a great sporting nation.

 

  • Talented players identified in priority sports disciplines at various levels by a High-Powered Committee will be provided annual financial assistance of Rs. 5 lakh per annum for 8 years.

 

  • The Khelo India School Games are being held from 31st January to 8th February, 2018 in New Delhi.

 

  • It is being implemented in 150 Colleges and 20 Universities.

 

  • Under-17 athletes have been invited to participate across 16 disciplines.

 

·        India to witness super blue moon with lunar eclipse

  • India would witness a ‘super blue blood‘ moon between 5:15 PM and 7:37 PM on as the Moon goes from east to west.
  • Occurring for the first time since 1866, the second Full Moon of the month, often called a Blue Moon, would coincide with a lunar eclipse giving it a blood-red tint, with the Moon also being a supermoon.

 

·        Indian Navy launches third Scorpene class submarine Karanj

 

  • The Indian Navy launched ‘Karanj,’the third Scorpene class submarine.
  • The submarine, constructed by shipbuilder Mazagon Dock Limited (MDL)in Mumbai.
  • The first of the six Scorpene-class submarines, Kalvari, was commissioned into the Indian Navy by Prime Minister Narendra Modi last month.
  • He had called its induction a big step in the country’s defense preparedness.
  • On the occasion, Defence Minister Nirmala Sitharaman had called submarine building a sophisticated and exacting craft, which only a handful of countries possess in their industrial capacity.

 

  • The second one, INS Khandari, was launched on January 12 this year is currently undergoing sea trials.

 

  • The Scorpene submarines are a primary modernization requirement of the Indian Navy, which is currently faced with an ageing submarine fleet, and that too when the Chinese navy has a growing presence in the Indian Ocean.

 

  • The technology being used for construction of the Scorpene class submarines has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels and hydrodynamically optimized shape. These stealth features give it an invulnerability, unmatched by most submarine.

 

·        Environment Minister Harshvardhan Launches PetaFlop Super Computer

 

  • Environment Minister Harshvardhan launched a 8 PetaFlop capacityhigh-performance computer system ‘Mihir’ in Noida.
  • The system will be able to predict weather and climate accurately. This will be helpful in addressing the various issues of agriculture operations and fishing in the country.
  • The system will help the department in predicting severe climate-related calamities and warnings for fishermen.
  • With the launch of the system, India has joined the elite 30 member group of countries which have this advanced technology.

06.02.18 Meghalaya(MeghalayaPSC) Current Affairs

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NORTH-EASTERN STATES

  • IOC to invest Rs 3,400 crore in Assam to augment operations

 

  • Indian Oil Corporation will invest Rs3,400 crore in Assam over the next five years to expand its operations by setting up new units as well as upgrading the existing ones.
  • The company will sign a Memorandum of Understanding (MoU) with the Assam Government to this effect at the two-day ‘Advantage Assam – Global Investors Summit 2018’, beginning in Guwahati.
  • They are signing an MoU with the state government that will empower us to invest Rs 3,400 crore in Assam over the next five years.
  • This will be for various projects across the state,” Indian Oil Corporation, Executive Director (IndianOil-AOD), Dipankar Ray.

 

 

 

INTERNATIONAL

 

  • Maldives declares state of emergency

 

  • Maldivian President Abdulla Yameen has declared a 15-day state of Emergency, his aide Azima Shukoor announced on state television.

 

  • The move gives sweeping powers to security forces to arrest and detain suspects as Yameen refuses to comply with a Supreme Court order to release political prisoners.

 

  • The latest crisis was triggered when the Maldivian Supreme Court ordered the release of some opposition leaders, including former president Mohammed Nasheed, after overturning their “terrorism” convictions.

 

 

  • Dubai named the world’s busiest International Airport

 

  • Dubai International Airport says it has held on to its No 1 ranking as the world’s busiest airport for ‘international travel’, after seeing some 88.2 million passengers in 2017.

  • Dubai International Airport first surpassed London Heathrow as the world’s busiest airport for international traffic in 2014.

 

  • It has maintained the title ever since, with some 90 airlines flying into skyscraper-studded Dubai.

 

  • The airport is home to the long-haul carrier Emirates.

 

  • Hartsfield-Jackson Atlanta International Airport in Georgia remains the world’s busiest airport overall.

 

 

·        Japan Launches Smallest Rocket Ever To Carry Tiny Satellite into Orbit

 

  • The Japan Aerospace Exploration Agency (JAXA)launched the world’s smallest rocket with the ability to put a tiny satellite into orbit.
  • The rocket lifted off from the Uchinoura Space Center.
  • It carried a microsatellite TRICOM-1R, a three-unit CubeSat weighing about 3 kilograms.
  • This satellite launch was a re-flight of the TRICOM-1 mission, which was lost in SS-520’s failure in 2017.
  • The launch was aimed at testing the ability of JAXA to launch low-cost rockets that can put microsatellites into space at affordable rates.

 

NATIONAL

 

·        India contributes $1 million to UN Development Partnership Fund

 

  • India contributed additional $1 million to India-UN Development Partnership Fund, earmarked for South-South cooperation.
  • The contribution aims to intensify its partnerships with other developing countries in the south.
  • India has pledged a multi-year contribution of $100 million to the fund establishment in June 2017.
  • The fund was set up on 9 June 2017 on occasion of the World Oceans Day as a partnership between India and United Nations Office for South-South Cooperation.

·        International company Singtel to invest 2649 crores in Bharati Telecom

 

  • Singapore Telecommunications (Singtel) spend up to 2643 crores on shares in India’s Bharti Telecom, lifting its stake slightly in the holding company for Bharti Airtel to just under half.
  • India’s telecommunications sector has been hit hard by a price war since the entry of carrier Reliance Jio, the telecoms arm of Reliance Industries Ltd, more than a year ago.
  • The purchase worth as much as 26.5 billion rupees could increase Singtel’s stake in Bharti Telecom by up to 1.7 percentage points to 48.9 percent and its holding in Bharti Airtel, the country’s biggest mobile carrier, by up to 0.9 percentage points to 39.5 percent.
  • The deal will be done via a preferential share allotment.

 

 

  • Maharashtra govt approves new wildlife sanctuary at Ghodazari

 

  • The Maharashtra government has approved Ghodazari in Chandrapur district as a new wildlife sanctuary in the state.

 

  • The decision was taken at the 13th meeting of the Maharashtra State Board for Wildlife, chaired by Chief Minister Devendra Fadnavis.

 

  • The sanctuary, in the North East of Tadoba, will include 159 sq km of Brahmapuri forest.

 

·        India Successfully Test-Fires Nuclear-Capable Agni-I Missile

 

  • India successfully test-fired the indigenously developed short-range nuclear capable Agni-I ballistic missile.
  • The missile was fired from the Abdul Kalam Island off Odisha coast.
  • The test was conducted by the Strategic Force Command of the Indian Army.
  • The range of Missile is 700 km.
  • It was 18th version of Agni-I.

 

 

·        Prime Minister Narendra Modi to go on 4-day visit to Palestine, UAE, Oman on February 9

 

  • Prime Minister Narendra Modiwill have a packed schedule during his four days visit to Palestine, UAE, and Oman from ninth of this month.
  • This will be the first-ever visit by an Indian Prime Minister to Palestine, and Prime Minister Modi’s second visit to UAE and first to Oman.
  • During the visit, the Prime Minister will hold discussions on matters of mutual interest with their leaders, apart from participating in many community events.
  • In Dubai, Prime Minister would be addressing the Sixth World Government Summit being at which India has been extended ‘Guest of Honour’ status. Joint Secretary (Gulf).

 

  • IWAI Signs Project Agreement With World Bank For Jal Marg Vikas Project.

 

 

  • Inland Waterways Authority of India (IWAI)signed a project agreement with the World Bank for Jal Marg Vikas Project on river Ganga.
  • The World Bank entered into a USD 375 million loan agreement with the Department of Economic Affairs, Union Ministry of Finance for Jal Marg Vikas Project (JMVP).
  • Jal Marg Vikas Project, which is expected to be completed by March 2023, is being implemented with the financial and technical support of the World Bank.

 

Meghalaya Trade & Commerce

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Meghalaya Trade & Commerce

The basic objective of economic reforms was to improve productivity growth and competitiveness in the Indian manufacturing sector. These reforms were aimed at making Indian manufacturing sector more efficient and technologically up to date, with the expectation that these changes would enable Indian manufacturing sector to achieve higher and sustainable growth. The government started to deregulate the Indian economy with a liberalization programme, focused on the investment pattern, trade policies, the financial sector, taxation and public enterprises.

In recent times, Industrialization has become the catch word of the midtwentieth century and industrial development of the under developed countries or developing countries like India. One of the great world crusades of our times, the Less Developed Countries (LDCs) hope to find in it a solution their problems of poverty, insecurity, overpopulation, backwardness, illiteracy etc. They consider it a panacea for all the evils of their social and economic life. In fact, the essence of economic development of an LDC like India consists essentially in the growth of industrialization.

Realizing the importance of industrialization, once Pt. Jawaharlal Nehru rightly remarked, “Real progress must ultimately depend on industrialization”. His vision was to see India in the group of developed nations of the world and industrialization was the only key to restructure the economy and to achieve sustained growth. Indian economy is a basically an agriculture based economy. It has been evident from the experience of the most of advanced countries that growth based upon agriculture sector will not be sustainable growth.

After studying such behavior of terms of trade they made their belief that for the agriculture based economies terms of trade would always become unfavorable in long run because;

  1. a) The income elasticity of export-goods of agricultural countries is low, while the income elasticity of import-goods is very high. As in case of domestic demand, the demand for agricultural products in other countries, in particular advance countries, is very low. In fact, developed countries have surpluses in agriculture products for exports. As against this, the demand for the import of manufactured goods by LDCs is very intense; and
  2. b) With the advancement of technology, input-output coefficients are declining and most of primary products which were used as raw material are replaced by the industrial cheaper raw material.

On the other hand, if we develop only tertiary sector and ignore industrial sector then there may be tendency of inflation in the economy and this inflation may lead to deceleration economic growth. Therefore, industrialization is the only method to achieve sustained economic growth. Moreover, economic history demonstrates that to eliminate a country’s techno-economic backwardness it is necessary to develop the industrial sector and then to diversify it over a wide range of area and activities. Industrialization is a process of economic organization characterized by rapid setting up of industries and has invariably been the accompaniment of economic development. Nevertheless, economic development should not be treated synonymous with industrialization because industrialization is only a part of the whole process of economic development.

 

TRADE

Meghalaya is dominantly depend on agriculture and commercial forest industry. The major crops of Meghalaya are potatoes, rice, maize, pineapples, bananas, papayas, spices, etc.

In addition to the central government’s incentives for investments in the northeast region, the state offers a host of industrial incentives. The natural resources, policy incentives and infrastructure in the state favour investments in the tourism, hydroelectric power, manufacturing and mining sectors. Mineral, horticulture, electronics, IT, agro-processing and tourism have been identified as the thrust sectors for industrial development. The state has abundant natural resources, which offer significant avenues for investment. About 14 per cent (3,108 square kilometres) of Meghalaya is covered by bamboo forests and the state is one of the leading bamboo producers in the country.

The Commerce & Industries Department of Meghalaya & its constituent unit, Meghalaya Industrial Development Corporation, are jointly responsible for the development of industrial infrastructure in the state

Meghalaya has an established tradition of high-quality weaving. Around 15, 900 families are involved in handloom activities in the state. There are eight handloom production centres, 24 handloom demonstration – cum – production centres, 24 weaving training centres and a state –level handloom training institute (Mendipathar, East Garo Hills) in the state.

Meghalaya, with abundant deposits of coal, limestone, kaolin feldspar, quartz, granite, industrial clay and uranium and a small deposit base of sillimanite, bauxite, base metals and apatite has great industrial potential.

Meghalaya has a climate that supports agricultural and horticultural activities. The state offers potential for investment in these areas.

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