• Current Affairs , 16th OCTOBER 2019

    TABLE OF CONTENTS

    1. Over 50 Lakh Benefit under Ayushman Bharat
    2. India Salutes Dr A P J Abdul Kalam on his Birth Anniversary
    3. India has succeeded in developing variety of systems & technologies
    4. Department of Posts should strive to achieve target of 25 cr savings accounts
    5. Ek Bharat Shreshtha Bharat’
    6. Surakshit Matritva Aashwasan(SUMAN) scheme
    7. the 5thWorld Coffee Conference (WCC)& Expo
    8. India to be innovation capital of the world
    9. ‘Dilli Series’ Sea Power Seminar – 2019
    10. DPIIT launches website and mobile app for IPR
    11. Index Numbers of Wholesale Price in India:Review for the month of September, 2019
    12. Overview Of 2nd India-China Informal Summit
    13. WB Releases “South Asia Economic Focus, Fall 2019
    14. The Prize in Economic Sciences 2019
    15. 11th AIBA Women’s World Boxing Championships 2019: India’s Performance

     

     

    NATIONAL NEWS

     

    1. Over 50 Lakh Benefit under Ayushman Bharat

    • Prime Minister Narendra Modi lauded the efforts made in the health sector as India achieved a major milestone of providing benefit to over 50 Lakh people under the Ayushman Bharat Scheme.
    • He said “An important milestone in the journey of creating a healthy India!It would make every Indian proud that in a year, over 50 lakh citizens have benefited from free of cost treatment thanks to Ayushman Bharat. Apart from curing, this scheme is empowering several Indians.”
    • An important milestone in the journey of creating a healthy India.It would make every Indian proud that in a year, over 50 lakh citizens have benefited from free of cost treatment thanks to Ayushman Bharat. Apart from curing, this scheme is empowering several Indians.
    • Launched exactly a year ago in 2018, Ayushman Bharat is world’s largest health insurance scheme, which aims to provide easy access to medical facilities to over 10.74 Crore poor people in the country.
    • Under Ayushman Bharat Pradhan Mantri Jan Arogya (PM-JAY), 16,085 Hospitals have been empanelled and over 10 Crore e-Cards issued. Nearly17,150 Health & Wellness Centers have become operational across the country under Ayushman Bharat.
    • Ayushman Bharat Yojanaor Pradhan Mantri Jan Arogya Yojana (PMJAY) or National Health Protection Scheme is a centrally sponsored scheme launched in 2018, under the Ayushman Bharat Mission of MoHFW in India. The scheme aims at making interventions in primary, secondary and tertiary care systems, covering both preventive and promotive health, to address healthcare holistically.[2] It is an umbrella of two major health initiatives namely, Health and Wellness centres and National Health Protection Scheme (NHPS). Indu Bhushan is the Chief Executive Officer (CEO) and Dr Dinesh Arora as the Deputy CEO of Ayushman Bharat Yojana.
    • The National Health Protection Scheme(NHPS) scheme is formed by subsuming multiple schemes including Rashtriya Swasthya Bima Yojana, Senior citizen health Insurance Scheme (SCHIS), Central Government Health Scheme (CGHS), Employees’ State Insurance Scheme (ESIS), etc. The National Health Policy, 2017 has envisioned Health and Wellness Centres as the foundation of India’s health system which the scheme aims to establish.
    • The Central Government Health Scheme (CGHS) was started under the IndianMinistry of Health and Family Welfare in 1954 with the objective of providing comprehensive medical care facilities to Central Government employees, pensioners and their dependents residing in CGHS covered cities. This health scheme is now in operation with cities such as Bhubaneswar, Bhopal, Chandigarh, and Bangalore. The dispensary is the backbone of the Scheme. Instructions on these various matters have been issued from, time to time for the guidance of specialists and medical Officers. The Central Government Health Scheme offers health services through Allopathic and Homeopathic systems as well as through traditional Indian forms of medicine such as Ayurveda, Unani, Yoga and Siddha.

    Ayushman Bharat consists of two major elements.

    1. National Health Protection Scheme

    • Ayushman Bharat-National Health Protection Scheme, which will cover over 10 crore (one hundred million) poor and vulnerable families (approximately 50 crore (five hundred million) beneficiaries) providing coverage up to 5 lakh rupees ($7,100) per family per year for secondary and tertiary care hospitalization.
    • Benefits of the scheme are portable across the country and a beneficiary covered under the scheme will be allowed to take cashless benefits from any public or private empaneled hospitals across the country.
    • It will be an entitlement based scheme with entitlement decided on the basis of deprivation criteria in the SECC database. It will target about 10.74 crore poor, deprived rural families and identified occupational category of urban workers’ families as per the latest Socio-Economic Caste Census (SECC) data covering both rural and urban.
    • One of the core principles of Ayushman Bharat – National Health Protection Mission is to provide co-operative federalism and flexibility to states.
    • For giving policy directions and fostering coordination between Centre and States, it is proposed to set up Ayushman Bharat National Health Protection Mission Council (AB-NHPMC) at apex level Chaired by Union Health and Family Welfare Minister. States would need to have State Health Agency (SHA) to implement the scheme.
    • Covering almost all secondary and many tertiary hospitalizations (except a negative list).

    2. Wellness centres

    Rs 1200 crore ($170 million) allocated for 1.5 lakh (150,000) health and wellness centres. Under this 1.5 lakh centres will be setup to provide comprehensive health care, including for non-communicable diseases and maternal and child health services, apart from free essential drugs and diagnostic services. The government will upgrade existing Public Health Centres to Wellness Centres. The welfare scheme has been rolled out on August 15, 2018.Further, Contribution of private sector through CSR and philanthropic institutions in adopting these centres is also envisaged.The list of Services to be provided at Health & Wellness Centre include:

    • Pregnancy care and maternal health services
    • Neonatal and infant health services
    • Child health
    • Chronic communicable diseases
    • Non-communicable diseases
    • Management of mental illness
    • Dental care
    • Geriatric care emergency medicine

     

    2.India Salutes Dr A P J Abdul Kalam on his Birth Anniversary

     

    • Prime Minister Narendra Modi, , paid tributes to former President of India Dr A P J Abdul Kalam on his birth anniversary.
    • Shri Kalam had a vision of Strong and Modern India in the 21stCentury and strived his entire life to achieve it. His exemplary life is an inspiration to every Indian
    • Avul Pakir Jainulabdeen Abdul Kalam( 15 October 1931 – 27 July 2015) was an aerospace scientist who served as the 11thPresident of India from 2002 to 2007. He was born and raised in RameswaramTamil Nadu and studied physics and aerospace engineering. He spent the next four decades as a scientist and science administrator, mainly at the Defence Research and Development Organisation (DRDO) and Indian Space Research Organisation (ISRO) and was intimately involved in India’s civilian space programme and military missile development efforts.[1] He thus came to be known as the Missile Man of India for his work on the development of ballistic missile and launch vehicle[2][3][4] He also played a pivotal organisational, technical, and political role in India’s Pokhran-II nuclear tests in 1998, the first since the original nuclear test by India in 1974.
    • Kalam was electedas the 11th President of India in 2002 with the support of both the ruling Bharatiya Janata Party and the then-opposition Indian National Congress. Widely referred to as the “People’s President”,[6] he returned to his civilian life of education, writing and public service after a single term. He was a recipient of several prestigious awards, including the Bharat Ratna, India’s highest civilian honour.
    • While delivering a lecture at the Indian Institute of Management Shillong, Kalam collapsed and died from an apparent cardiac arrest on 27 July 2015, aged 83.[7]Thousands including national-level dignitaries attended the funeral ceremony held in his hometown of Rameshwaram, where he was buried with full state honours.
    • Wheeler Island, a national missile test site in Odisha, was renamed Abdul Kalam Islandin September 2015. A prominent road in New Delhi was renamed from Aurangzeb Road to Dr APJ Abdul Kalam Road in August 2015.
    • In February 2018, scientists from the Botanical Survey of Indianamed a newly found plant species as Drypetes kalamii, in his honour.

     

     

     

     

    • India has succeeded in developing variety of systems & technologies needed to enhance forces

     

    • Defence Minister Rajnath Singh today said, Dr. A P J Abul Kalam’s contribution to research and missile development programme brought India to list of countries known for their indigenous capabilities.
    • Addressing Directors Conference of Defence Research and Development Organization in New Delhi, Mr. Singh said, DRDO has empowered the country with cutting edge technology.
    • He said, despite various restrictions, limited indigenous capabilities and lack of time, DRDO has succeeded in developing variety of systems, products and technologies needed to enhance the forces.
    • National Security Adviser Ajit Doval said, niche technologies make India more secure. He said, technology has to be need-based and we along with our defence services and intelligence agencies have to make a hard assessment of our needs which will give us an edge over our adversaries
    • . Mr. Doval said, armies that were better equipped with higher technologies always called the shots and  decided the destiny of mankind.
    • Army Chief General Bipin Rawat complimented DRDO for making strides in ensuring that requirements of the services are met through home-grown solutions. General Rawat expressed confidence  that  we will fight and win the next war through indigenized weapons systems and equipment.
    • General  Rawat said,  while looking at systems for future warfare, we have to start looking at development of cyber-space, laser, electronic and robotic technologies and artificial intelligence.
    • Navy Chief Admiral Karambir Singh suggested that impetus has to be on niche technology and we must take a closer look at models such as Defence Advance Research Project Agency, DARPA in the US. Admiral Singh said, small time innovators should be encouraged. Defence Minister also gave away Kalam Dare to Dream Award to a young innovators and startups for solving scientific challenges.

     

    4.Department of Posts should strive to achieve target of 25 cr savings accounts

    ·     Union Minister of Communications Ravi Shankar Prasad today said that the Department of Posts should strive for achieving the target of 25 crore savings accounts from the current 17 crore accounts in coming years.

    ·     Speaking at an event of National Postal Week Celebrations in New Delhi, he said, it should also make efforts to link the same with the accounts of India Post Payments Bank for achieving the goal of financial inclusion. He urged the department to enhance considerably postal insurance accounts.

    ·      Mr Prasad said that 3.05 crore insurance accounts in a population of 130 crore is unacceptable. He said, Postal Department should come forward to forge partnership with global companies and the administrative issues, if any, would be resolved amicably.

    ·     The Minister asked the senior officials to work on a set of special stamps on Mahabalipuram (Mamallapuram) in the wake of successful informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping due to its historic significance. He also directed the department to organize a Special Letter Writing Competition on Bapu, as a tribute to 150th Birth Anniversary of Mahatma Gandhi, besides coming out with a set of stamps on unsung heroes of freedom movement and particularly of those imprisoned in Cellular Jail in Andaman and Nicobar Islands.

    ·     The Minister released a Mobile Banking App for Post Office Saving Bank customers, commemorative postage stamps on India Perfumes Agarwood and Orange Blossom and launched a Performance Dashboard of the Department of Posts.

    ·     The Department of Posts (DoP), trading as India Post, is a government-operated postal system in India, which is a subsidiary of the Ministry of Communications. Generally called “the post office” in India, it is the most widely distributed postal system in the world. Founded in 1854 by Lord Dalhousie who laid the foundation for the modern Indian postal service. Dalhousie introduced uniform postage rates (universal service) & passed the India Post office act 1854 which significantly improved upon Lord William Bentinck‘s 1837 act which had introduced Post offices in India. It created the position Director General of post for the whole country .

    ·     It is involved in delivering mail (post), remitting money by money orders, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing retail services like bill collection, sale of forms, etc. The DoP also acts as an agent for Government of India in discharging other services for citizens such as old age pension payments and Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wage disbursement. With 155,015 post offices, India Post has the most widely distributed postal network in the world.

    ·     The country has been divided into 23 postal circles, each circle headed by a Chief Postmaster General. Each circle is divided into regions, headed by a Postmaster General and comprising field units known as Divisions. These divisions are further divided into subdivisions. In addition to the 23 circles, there is a base circle to provide postal services to the Armed Forces of India headed by a Director General. One of the highest post offices in the world is in Hikkim, Himachal Pradesh operated by India Post at a height of 14,567 ft (4,440 m)

    ·        Posts and the British Raj (1858–1947)

    ·     The British Raj was instituted in 1858, when the rule of the East India Company was transferred to the Crown.[10] By 1861, there were 889 post offices handling nearly 43 million letters and over 4.5 million newspapers annually. The first superintendent of the post office was appointed in 1870 and based in Allahabad and in 1876, British India became the first non-founding member of the General Postal Union.

    • A number of acts were enacted during the British Raj to expand and regulate Posts and Telegraphs service:
    • The Government Savings Bank Act 1873 (5 of 1873), passed by the legislature 28 January 1873, was enacted in 1881. On 1 April 1882, Post Office Savings Banks opened throughout India (except in the Bombay Presidency). In Madras Presidency, it was limited; in the Bengal Presidency, no POSBs were established in Calcutta or Howrah.
    • Postal life insurance began on 1 February 1884 as a welfare measure for the employees of the Posts & Telegraphs Department as Government of India dispatch No. 299 dated 18 October 1882 to the Secretary of State.
    • Telegraph Act, 1885 (Indian Telegraph Act)
    • The Indian Post Office Act 1898 (6 of 1898), passed by the legislature on 22 March 1898, became effective on 1 July 1898 regulating postal service. It was preceded by Act III of 1882 and Act XVI of 1896.
    • The Indian Wireless Telegraphy Act 1933 (17 of 1933)

    ·     The world’s first official airmail flight took place in India on 18 February 1911, a journey of 18 kilometres (11 mi) lasting 27 minutes. Henri Pequet, a French pilot, carried about 15 kilograms (33 lb) of mail (approximately 6,000 letters and cards) across the Ganges from Allahabad to Naini; included in the airmail was a letter to King George V of the United Kingdom.[12] India Post inaugurated a floating post office in August 2011 at Dal Lake in Srinagar, Kashmir.[13] Telegraphy and telephony made their appearance as part of the postal service before becoming separate departments. The Posts and Telegraphs Departments merged in 1914, dividing again on 1 January 1985.

     

    1. Ek Bharat Shreshtha Bharat

     

    • The Prime Minister(PM) of India Shri Narendra Modi chaired the meeting on ‘Ek Bharat Shreshtha Bharat’ programme in New Delhi. The programme aims at enhancing interaction between people of different cultures from all the states and Union Territories(UT).
    • It is a personal initiative of PM Modi, highlighting India’s cultural diversity in unity and also aims to develop perspective on important issues and help in celebrating the nation’s regional culture.
    • The programme was first announced during the RashtriyaEkta Divas on October 31, 2015 on the 140th birth anniversary of Sardarvallabhaipatel, the first deputy prime minister of India who worked for the nation’s unity.
    • Initiative on Ek Bharat Shreshtha Bharat was announced by the then finance minister Shri ArunJaitley during the 2016-17 budget speech.
    • The 10th edition of the RashtriyaSanskritiMahotsav(RSM) under the Ek Bharat Shreshtha Bharat was inaugurated on October 14, 2019 in Jabalpur, Madhya Pradesh(MP) by the MP governor Shri LaljiTandon in presence of Culture and Tourism minister Prahlad Singh Patel. The festival is organised for the second time in MP by culture ministry and will be held until October 21, 2019.
    • Places of RSM celebration: In Madhya Pradesh, the festival will be conducted in cities of Jabalpur during 14 – 15 October, 2019, Sagar from 16 – 17th October, 19 and Rewa from 20 – 21st October, 2019.
    • Previous editions: The First RashtriyaSanskritiMahotsav was held in November-2015. A total of 9 editions have been held so far, 2 each in Delhi and 2 in Karnataka, Uttar Pradesh, RSM North East, Gujarat, Madhya Pradesh and Uttarakahnd.
    • Artists in the festival: Renowned Indian artists like Suresh Wadkar, PanditWishwa Mohan Bhatt etc under the theme of MatiKe Lal were invited to perfrom in main stage. All facets of Indian culture will be showcased during the fest.
    • Members present during inauguration:ShriFaggan Singh Kulaste, The Union Minister of State for Steel;ShriLakhanGhanghoria, Minister for Social welfare and Tribal Affairs of MP govt; Member of Parliament ( Lok Sabha) Jabalpur, Shri Rakesh Singh; Member of Parliament ( Rajya Sabha), Shri VivekTankha; Mayor of Jablapur, Dr Swati Godbole; Secretary Ministry of Culture , Shri ArunGoel; Joint Secretary, Ministry of Culture, SmtAmita Prasad Sarbhai and All 7 Directors of Zonal Culture Centres were present during the inauguration of the ceremony.

     

    1. Surakshit Matritva Aashwasan(SUMAN) scheme

     

    • The union health and family welfare minister ShriHarsh Vardhan launched Surakshit Matritva Aashwasan(SUMAN) scheme during the 13th Conference of Central Council of Health and Family Welfare(CCCHFW) in New Delhi, to provide free maternity healthcare benefits.  Website for SUMAN and grievance redressal portal was also launched during the event.
    • The aim of this scheme is to bring down mortality in infants and maternal mortality in the country.
    • The beneficiaries eligible for the scheme are pregnant women, mothers upto 6 months after delivery, and all sick newborns.
    • Under the scheme the beneficiaries can avail following free services. They are
    • At-least 4 ante natal(during pregnancy) check-ups which includes one checkup during the 1st trimester,
    • At least one checkup under Pradhan MantriSurakshitMatritvaAbhiyan(PMSMA), Iron Folic Acid supplementation, Tetanus diphtheria injection.
    • Components of comprehensive ANC(Amniocentesis) package diagnostic test during pregnancy and six home-based newborn care visits.
    • Beneficiaries can avail zero access to identification and complications management during and after pregnancy inclusive of free transport service from home to health institutions. They will have zero expense delivery and C-section(caesarean section) facility in emergency cases at public health facilities.
    • Under this scheme, there will also be assured referral services in reaching the health facility within 1hour in case of emergency with drop back from institution to home after due discharge(48hours).
    • The World Health Organisation(WHO) defines quality of care for mothers and newborns as “extent to which the provided healthcare services improve patient health outcomes”.
    • As per the data by government’s think tank NITI(National Institution for Transforming India) Aayog, maternal mortality rate has reduced from 254 per 1Lakh births in 2004-06 to 130 in 2014-16. The mortality rate in infants also came down by 34 per 1000 birth from previous 66. The aim is to get it in line with the Sustainable Development Goal(SDG) of 70 per 100,000 live births by 2030.
    • It is an advisory body under Article263 of the Constitution to advise the Department of Health (DoH), health and family welfare ministry on formulating health policies.
    • All Central Council meetings held from the year 1988 up to 2010, were digitized by health & family welfare ministry in collaboration with the WHO Country Office for India. The first CCHFW meeting was held in 1998.

     

     

    1. The 5thWorld Coffee Conference (WCC)& Expo

     

     

    • Union Minister of Commerce & Industry and Railways, Piyush Goyal addressedthe curtain raiser event in New Delhi today for the 5thWorld Coffee Conference (WCC)& Expo to be held in Bengaluru from September 7-12, 2020.  This is the first time that the World Coffee Conference and Expo will be held in Asia.
    • During his address Commerce and Industry Minister urged the Coffee Board of India and the International Coffee Organization (ICO) to bring in innovation to the conference and expo by crowd sourcing ideas from citizens. He further urged ICO and Coffee Board of India to look at ways that will make Indian coffee a brand that is recognised worldwide andformulate ways to make India a sustainable destination for coffee.
    • Commerce and Industry Minister also said that methods may be explored to make coffee farmers stakeholders in the value chain as this will have a positive impact on the 25 million families who depend on coffee cultivation the world over. TheMinister suggested that a rupee may be added to every cup of coffee that is bought all over the world by coffee lovers and this can be given to the coffee growers,to make a positive impact on the lives of coffee growers and their families.
    • Commerce and Industry Minister said that the Government of India and the Government of Karnataka will extend full co-operation for the success of the 5thWorld Coffee Conference (WCC)& Expo to be held in Bengaluru from September 7-12, 2020. This is a great opportunity that India has got and the Coffee Board of India will welcome to India participants from more than 70 countries for the Expo and Conference, said the Minister.
    • During this year long period of preparation, Piyush Goyal urged the ICO to commission studies that will assuage concerns regarding the harmful effects of caffeine.
    • The World Coffee Conference & Expo in Bengaluru is expected to be attended by delegates of all 76 member countries of the ICO and over 1000 attendees, including coffee growers, exporters, representatives from government, private sectors and international agencies.
    • India will be hosting the WCC 2020 as it is the 5thlargest export and producer in the coffee in the world and is emerging as the major coffee consuming country. The Government of India has also a strong focus on increasing coffee plantation. The global community also desires to connect with coffee growers in India and Asia and WCC 2020 offers an opportunity to explore India and Asia to the global coffee community. Bengaluru is the coffee capital of India and produces nearly 70% of India’s coffee
    • The proposed theme of WCC 2020 is sustainably through consumption because the world coffee production is increasing and having a negative impact on coffee prices, this can be offset by increasing consumption, therefore consumption is the key to sustainability. The focus will be on economic, agriculture, commercial, environmental, social and cultural impact.
    • Coffee production in Indiais dominated in the hill tracts of South Indian states, with Karnataka accounting for 71%, followed by Kerala with 21% and Tamil Nadu (5% of overall production with 8,200 tonnes). Indian coffee is said to be the finest coffee grown in the shade rather than direct sunlight anywhere in the world.[1] There are about 250,000 coffee growers in the country; 98% of them are small growers.[2] As of 2009, Indian coffee made up just 4.5% of the global production. Almost 80% of Indian coffee is exported; 70% is bound for Germany, Russia, Spain, Belgium, Slovenia, United States, Japan, Greece, Netherlands and France. Italy accounts for 29% of the exports. Most of the export is shipped through the Suez Canal.
    • The Coffee Board of India is an organisation managed by the Ministry of Commerce and Industryof the government of India to promote coffee production in India. The board was set up by an act of parliament in 1942. Until 1995 the Coffee Board marketed the coffee of many growers from a pooled supply, but after that time coffee marketing became a private-sector activity due to the economic liberalisation in India.
    • The Coffee Board’s traditional duties include the promotion, sale and consumption of coffee in India and abroad; conducting coffee research; financial assistance to establish small coffee growers; safeguarding working conditions for labourers, and managing the surplus pool of unsold coffee.

     

    8. India to be innovation capital of the world

     

     

     

    • Union Minister of Commerce & Industry and Railways, Piyush Goyal participated in the 3rdedition of India Energy Forum2019by CERAWeek in New Delhi today. Piyush Goyal was part of the Indian Ministerial panel along with R. K. Singh, Minister for New and Renewable Energy and Pralhad Joshi, Minister of Coal and Mines. The discussions were conducted by Daniel Yergin, Pulitzer prize winning author, speaker and energy expert.
    • During the discussions Commerce and Industry Minister said that India has naturally emerged as the startup capital of the world with the highest registered startups and he applauded the suo moto decision of the oil PSUs, under the Petroleum Ministry, to set up a startup fund that will encourage Indians to innovate and set up their own companies.
    • Piyush Goyal further said that India will soon become the innovation capital of the world and informed that during his interactions with young innovators, even in the remote parts of the country, youngsters come forth with bright ideas to solve number of economic and social problems that prevail in India today. He said that he is extremely proud of the young girls and boys who are the driving force behind the startup revolution taking place in India.
    • Commerce and Industry Minister further said that he is not worried about the state of the world in this time of trade wars as thesewere issues waiting to be addressed.
    • He further added that countries of the world cannot develop when few countries are giving subsidies and nurturing an eco system of unfair trade and competition among industries.Itis the need of the hour to have a more balanced development across the world and distributed sources of wealth creation, said Piyush Goyal.
    • There is need for free trade but there is greater need for fair trade said Commerce and Industry Minister as this will work in the interests of all countries and India supports the new dynamics of world trade. He further said that multilateralism will prevail and India supports all fair and honest global efforts to do away with all unfair trade practices.
    • He further informed that India will continue to support those countries that are struggling to get manufacturing back to their own countries and hoped that the existing system of prosperous countries outsourcing their pollution and emission to the developing world, in the garb of creating jobs but in reality ruining the health of the population and destroying the future prosperity of the citizens by outsourcing problems to developing countries, must stop immediately.
    • Piyush Goyal also informed that by 2023 Indian railways will be fully electrified and by 2030 the Indian Railways will use only renewable and clean energy. He hoped that there will be more FDI in the energy sector as 100% FDI is allowed in this sector and there is requirement of around 70 billion USD investment in India’s energy sector which is on the cusp of a revolution as there is great demand for energy in India because the country hopes to achieve self-sufficiency in domestic production of the energy requirements for every household.
    • During this interaction he further informed that the India – US relations are robust with great potential to move forward and it is time for India – US relations to make a quantum leap if tradebetween the two countries has to reach half trillion USD.
    • India is the third largest energy consumer in the world in absolute terms, after the United States, but per capita energy consumption is very low. There is need for a healthy mix of all commercial energy sources and India is today on the path of energy transition where 95% of households have access to electricity in the country today but there is increasing demand for energy which has to be fulfilled if India has to achieve the target of 450 megawatts set by Prime Minister of India, Narendra Modi.
    • During the India Energy Forum delegates from Indian and regional energy companies, institutions and governments participated in various sessions related to the energy sectorin New Delhi from October 13-15, 2019.

     

     

    9. ‘Dilli Series’ Sea Power Seminar – 2019

    • Indian Naval Academy (INA), Ezhimala will host the the prestigious DilliSeries Sea Power Seminar on 17th and 18th of October 2019. The theme for this year’s seminar is “Role of Sea Power in Shaping of Nations”.

     

    • The seminar will be covered under three sub – themes, Sea Power Vs Land Power – A Historical Perspective, Sea Power and Geo Economics and Centrality of Sea Power to Global Politics.

     

    • Admiral Madhvendra Singh, PVSM, AVSM (Retd), former Chief of Naval Staff, will be the chief guest for the event. Senior Naval Officers, luminaries and academicians attending the seminar  include Vice Admiral Girish Luthra PVSM, AVSM, VSM (Retd), former Flag Officer Commanding – in – Chief, Western Naval Command,Sri Nitin Pai (Director, Takshashila Institution), Dr. Jabin T Jacob (Associate Professor at Dept. of International Relations and Government Studies, Shiv Nadar University), Commodore Uday Bhaskar, VSM (Retd) – Director of the Society for Policy Studies and Captain Alok Bansal (Retd) – Director at India Foundation.

     

    • The seminar, named after the historic Mount Dilli located within the INA, with considerable historical importance, has witnessed five earlier editions conducted to date. The annual Dilliseminar helps young officers and cadets to keep an eye on developments in the maritime domain whilst simultaneously laying a strong foundation of history.  The Dilli series of seminar has always been an intellectually stimulating experience for all participants especially the young cadets and college students. The sixth edition of the Dilli Series Sea Power seminar promises to be equally informative.

    10.   DPIIT launches website and mobile app for IPR

    ·        Secretary Department for Promotion of Industry and Internal Trade (DPIIT), Guruprasad Mohapatra launched the website and mobile application [Learn to Protect, Secure and Maximize Your Innovation] on Intellectual Property Rights (IPRs) today in New Delhi. The website and app has been developed by Cell for IPR Promotion and Management (CIPAM)-DPIIT in collaboration with Qualcomm and National Law University (NLU), Delhi.

    ·        Secretary DPIIT said that it is an important project taken up by the Department as both the website and app will be very useful to the startup community which holds great promise for India and its economy. Startups are more tuned into investment and risk taking but lack legal knowledge and today when we are on the threshold of the fourth industrial revolution the interface between technology and law is growing and therefore it is very essential that a specialised website and app is available to help startups with the IP process, added Secretary DPIIT.

    ·        The modules of this e-learning platform [L2Pro India IP e-learning Platform and the L2Pro India Mobile App] will aid and enable youth, innovators, entrepreneurs and small and medium industries (SMEs) in understanding IPRs for their ownership and protection, integrate IP into business models and obtain value for their R&D efforts. The L2Pro has been successfully implemented in Germany, United Kingdom, Italy and France, benefiting immensely from close collaboration with respective IP organizations and public research institutions. The learning app has been customized for India in order to ensure that innovation which is fundamental to startups are protected, managed and commercialised.

    ·        The L2Pro India IP e-learning platform will have 11 modules for three different levels: Basic, Intermediate and Advanced. Each module comprises of e-text for understanding concepts, short animated videos of the concepts, links to additional resources on the subject and quizzes for assessment and grading the learner’s knowledge and understanding of the subject. Learners will access the L2Pro IP e-learning platform through their desktop, laptop, mobile browser and mobile application (available on Android & iOS), and will be provided e-certificates by CIPAM-DPIIT and NLU Delhi and Qualcomm on successful completion of the e-learning modules.

    11.   Index Numbers of Wholesale Price in India:Review for the month of September, 2019

    ·        The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of September, 2019 declined by 0.1% to 121.3 (provisional) from 121.4 (provisional) for the previous month.

    • INFLATION
    • The annual rate of inflation, based on monthly WPI, stood at 0.33% (provisional) for the month of September, 2019 (over September, 2018) as compared to 1.08% (provisional) for the previous month and 5.22% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.17% compared to a build up rate of 3.96% in the corresponding period of the previous year.
    • Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.The movement of the index for the various commodity group is summmarized below:-
    • PRIMARY ARTICLES (Weight 22.62%)
    • The index for this major group declined by 0.6% to 143.0 (provisional) from 143.9 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
    • The index for ‘Food Articles’ group declined by 0.4% to 155.3 (provisional) from 155.9 (provisional) for the previous month due to lower price of fruits & vegetables and pork (3% each), jowar, bajra and arhar (2% each) and fish-marine, tea and mutton (1% each). However, the price of condiments & spices (4%), betel leaves and peas/chawali (3% each), egg and ragi (2% each) and rajma, wheat, barley, urad, fish-inland, beef and buffalo meat, moong, poultry chicken, paddy and maize (1% each) moved up.
    • The index for ‘Non-Food Articles’ group declined by 2.5% to 126.7 (provisional) from 129.9 (provisional) for the previous month due to lower price of floriculture (25%), raw rubber (8%), gaur seed and hides (raw) (4% each), skins (raw) and raw cotton (3% each), fodder (2%) and coir fibre and sunflower (1% each). However, the price of raw silk (8%), soyabean (5%), gingelly seed (sesamum) (3%), raw jute (2%) and niger seed, linseed and rape & mustard seed (1% each) moved up.
    • The index for ‘Minerals’ group rose by 6.6% to 163.6 (provisional) from 153.4 (provisional) for the previous month due to higher price of copper concentrate (14%), lead concentrate (2%) and limestone and zinc concentrate (1% each).
    • The index for ‘Crude Petroleum & Natural Gas’ group declined by 1.9% to 86.4 (provisional) from 88.1 (provisional) for the previous month due to lower price of crude petroleum (3%).
    • FUEL & POWER (Weight 13.15%)
    • The index for this major group declined by 0.5% to 100.2 (provisional) from 100.7 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
    • The index for ‘Coal’ group rose by 0.6% to 124.8 (provisional) from 124.0 (provisional) for the previous month due to higher price of coking coal (2%).
    • The index for ‘Mineral Oils’ group declined by 1.1% to 90.5 (provisional) from 91.5 (provisional) for the previous month due to lower price of furnace oil (10%), naphtha (4%), petroleum coke (2%) and bitumen, ATF and petrol (1% each). However, the price of LPG (3%) and kerosene (1%) moved up.
    • MANUFACTURED PRODUCTS (Weight 64.23%)
    • The index for this major group rose by 0.1% to 117.9 (provisional) from 117.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-
    • The index for ‘Manufacture of Food Products’ group rose by 0.9% to 133.6 (provisional) from 132.4 (provisional) for the previous month due to higher price of manufacture of macaroni, noodles, couscous and similar farinaceous products and other meats, preserved/processed (5% each), processing and preserving of fish, crustaceans and molluscs and products thereof and copra oil (3% each), coffee powder with chicory, vanaspati, rice bran oil, butter, ghee and manufacture of health supplements (2% each) and manufacture of prepared animal feeds, spices (including mixed spices), palm oil, gur, rice, non-basmati, sugar, sooji (rawa ), wheat bran, rapeseed oil and maida (1% each). However, the price of castor oil (3%), manufacture of cocoa, chocolate and sugar confectionery and chicken/duck, dressed – fresh/frozen (2% each) and manufacture of processed ready to eat food, cotton seed oil, bagasse, groundnut oil , ice cream and gram powder (besan) (1% each) declined.
    • The index for ‘Manufacture of Beverages’ group rose by 0.1% to 124.1 (provisional) from 124.0 (provisional) for the previous month due to higher price of country liquor and rectified spirit (2% each). However, the price of bottled mineral water (2%) declined.
    • The index for ‘Manufacture of Tobacco Products’ group rose by 0.1% to 154.0 (provisional) from 153.9 (provisional) for the previous month due to higher price of bidi (1%).
    • The index for ‘Manufacture of Textiles’ group declined by 0.3% to 117.9 (provisional) from 118.3 (provisional) for the previous month due to lower price of synthetic yarn (2%) and cotton yarn and manufacture of knitted and crocheted fabrics (1% each). However, the price of manufacture of other textiles and manufacture of made-up textile articles, except apparel (1% each) moved up.
    • The index for ‘Manufacture of Wearing Apparel’ group rose by 1.9% to 138.9 (provisional) from 136.3 (provisional) for the previous month due to higher price of manufacture of wearing apparel (woven), except fur apparel and manufacture of knitted and crocheted apparel (1% each).
    • The index for ‘Manufacture of Leather and Related Products’ group declined by 0.4% to 118.8 (provisional) from 119.3 (provisional) for the previous month due to lower price of belt & other articles of leather (3%), chrome tanned leather (2%) and waterproof footwear (1%). However, the price of canvas shoes (2%) and harness, saddles & other related items and leather shoe (1% each) moved up.
    • The index for ‘Manufacture of Wood and of Products of Wood and Cork ‘ group declined by 0.1% to 134.0 (provisional) from 134.1 (provisional) for the previous month due to lower price of wooden block – compressed or not, timber/wooden plank, sawn/resawn and plywood block boards (1% each). However, the price of wooden splint (5%) and wooden panel and wooden box/crate (1% each) moved up.
    • The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.5% to 120.9 (provisional) from 121.5 (provisional) for the previous month due to lower price of corrugated sheet box (3%), newsprint (2%) and map litho paper, bristle paper board and card board (1% each). However, the price of paper carton/box and corrugated paper board (1% each) moved up.
    • The index for ‘Printing and Reproduction of Recorded Media ‘ group declined by 1.1% to 149.4 (provisional) from 151.0 (provisional) for the previous month due to lower price of sticker plastic (6%), journal/periodical (5%) and printed form & schedule (1%). However, the price of printed books and newspaper (1% each) moved up.
    • The index for ‘Manufacture of Chemicals and Chemical Products’ group declined by 0.3% to 117.9 (provisional) from 118.3 (provisional) for the previous month due to lower price of hydrogen peroxide, aromatic chemicals and sulphuric acid (5% each), sodium silicate (3%), caustic soda (sodium hydroxide), organic chemicals, other petrochemical intermediates, alcohols, printing ink, polyester chips or polyethylene terepthalate (pet) chips, dye stuff/dyes incl. dye intermediates and pigments/colours, insecticide and pesticide, ammonium nitrate, ammonium phosphate and polystyrene, expandable (2% each), di ammonium phosphate, ethylene oxide, organic solvent, polyethylene, explosive, agarbatti, phthalic anhydride, ammonia liquid, nitric acid, creams & lotions for external application, adhesive excluding gum and powder coating material (1% each). However, the price of mono ethyl glycol (7%), acetic acid and its derivatives (4%), menthol and adhesive tape (non-medicinal) (3% each) and catalysts, face/body powder, varnish (all types) and ammonium sulphate (2% each) and oleoresin, camphor, aniline (including pna, ona, ocpna), ethyl acetate, alkyl benzene, agro chemical formulation, phosphoric acid, poly vinyl chloride (PVC), fatty acid, polyester film(metalized), other inorganic chemicals, mixed fertilizer, XLPE compound and organic surface active agent (1% each) moved up.
    • The index for ‘Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products’ group rose by 0.2% to 125.6 (provisional) from 125.4 (provisional) for the previous month due to higher price of anti cancer drugs (18%), antiseptics and disinfectants, ayurvedic medicaments and cotton wool (medicinal) (1% each). However, the price of anti-retroviral drugs for HIV treatment and steroids and hormonal preparations (including anti-fungal preparations) (3% each), plastic capsules, antipyretic, analgesic, anti-inflammatory formulations and antidiabetic drug excluding insulin (i.e. tolbutam) (2% each) and antioxidants, vials/ampoule, glass, empty or filled and antibiotics & preparations thereof (1% each) declined.
    • The index for ‘Manufacture of Rubber and Plastics Products’ group declined by 0.1% to 108.1 (provisional) from 108.2 (provisional) for the previous month due to lower price of plastic button and plastic furniture (6% each), polyester film (non-metalized) and rubber crumb (3% each), solid rubber tyres/wheels, tractor tyre, plastic box/container  and plastic tank (2% each) and tooth brush, conveyer belt (fibre based), cycle/cycle rickshaw tyre, rubber moulded goods, 2/3 wheeler tyre, rubber cloth/sheet and v belt (1% each). However, the price of plastic components (3%), PVC fittings & other accessories and polythene film (2% each) and acrylic/plastic sheet, plastic tape, polypropylene film, rubberized dipped fabric, rubber tread, plastic tube (flexible/non-flexible) and rubber components & parts (1% each) moved up.
    • The index for ‘Manufacture of Other Non-Metallic Mineral Products’ group declined by 0.6% to 116.8 (provisional) from 117.5 (provisional) for the previous month due to lower price of cement superfine (5%), slag cement (3%) and white cement, fibre glass incl. sheet, granite, glass bottle, toughened glass, graphite rod, non ceramic tiles, ordinary portland cement and asbestos corrugated sheet (1% each). However, the price of ordinary sheet glass (6%), lime and calcium carbonate (2%) and marble slab, plain bricks (1% each) moved up.
    • The index for ‘Manufacture of Fabricated Metal Products, Except Machinery And Equipment’ group rose by 0.9% to 115.1 (provisional) from 114.1 (provisional) for the previous month due to higher price of sanitary fittings of iron & steel (7%), boilers (6%), cylinders, iron/steel hinges, forged steel rings and  electrical stamping- laminated or otherwise (2% each) and hose pipes in set or otherwise, iron/steel cap and, steel door (1% each). However, the price of lock/padlock (4%) and steel pipes, tubes & poles, steel drums and barrels, pressure cooker, steel container, copper bolts, screws, nuts and aluminium utensils (1% each) declined.
    • The index for ‘Manufacture of Computer, Electronic and Optical Products’ group declined by 1.0% to 110.1 (provisional) from 111.2 (provisional) for the previous month due to lower price of colour TV (4%), electronic printed circuit board (PCB)/micro circuit (3%) and UPS in solid state drives and air conditioner (1% each).
    • The index for ‘Manufacture of Electrical Equipment’ group declined by 0.5% to 110.5 (provisional) from 111.1 (provisional) for the previous month due to lower price of fibre optic cables and refrigerators (3% each), PVC insulated cable, connector/plug/socket/holder-electric and electric accumulators (2% each) and copper wire, insulator , generators & alternators and light fitting accessories (1% each). However, the price of rotor/magneto rotor assembly (8%), domestic gas stove and AC motor (4% each), electric switch gear control/starter (2%) and jelly filled cables, rubber insulated cables, electric welding machine and amplifier (1% each) moved up.
    • The index for ‘Manufacture of Machinery and Equipment’ group rose by 0.7% to 113.9 (provisional) from 113.1 (provisional) for the previous month due to higher price of dumper (9%), deep freezers (8%), air gas compressor including compressor for refrigerator and packing machine (4% each), pharmaceutical machinery and air filters (3% each), conveyors – non-roller type, hydraulic equipment, cranes, hydraulic pump and precision machinery equipment/form tools (2% each) and excavator, pump sets without motor, chemical equipment & system, injection pump, lathes , filtration equipment, harvesters and mining, quarrying & metallurgical machinery/parts (1% each). However, the price of pressure vessel and tank for fermentation & other food processing (4%), separator (3%) and grinding or polishing machine, moulding machine, loader, centrifugal pumps, roller and ball bearings and manufacture of bearings, gears, gearing and driving elements (1% each) declined.
    • The index for ‘Manufacture of Motor Vehicles, Trailers and Semi-Trailers’ group declined by 0.5% to 112.9 (provisional) from 113.5 (provisional) for the previous month due to lower price of engine (4%) and seat for motor vehicles, filter element, body (for commercial motor vehicles), release valve and crankshaft (1% each). However, the price of radiators & coolers, passenger vehicles, axles of motor vehicles, head lamp, cylinder liners, shafts of all kinds and brake pad/brake liner/brake block/brake rubber, others (1% each) moved up.
    • The index for ‘Manufacture of Other Transport Equipment’ group rose by 0.3% to 118.0 (provisional) from 117.6 (provisional) for the previous month due to higher price of tanker and scooters (1% each).
    • The index for ‘Manufacture of Furniture’ group rose by 0.6% to 132.2 (provisional) from 131.4 (provisional) for the previous month due to higher price of wooden furniture (2%) and foam and rubber mattress and steel shutter gate (1% each). However, the price of plastic fixtures (1%) declined.
    • The index for ‘Other Manufacturing’ group rose by 3.2% to 113.8 (provisional) from 110.3 (provisional) for the previous month due to higher price of silver (11%), gold & gold ornaments (3%), stringed musical instruments (incl. santoor, guitars, etc.) (2%) and non mechanical toys, cricket ball, intraocular lens, playing cards, cricket bat and football (1% each). However, the price of plastic moulded-others toys (1%) declined.
    • WPI FOOD INDEX (Weight 24.38%)
    • The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 5.75% in August, 2019 to 5.98% in September, 2019.
    • FINAL INDEX FOR THE MONTH OF JULY, 2019 (BASE YEAR:2011-12=100)
    • For the month of July, 2019, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) stood at 121.3 as compared to 121.2 (provisional) and annual rate of inflation based on final index stood at 1.17% as compared to 1.08% (provisional) respectively as reported on 15.07.2019.
    • Next date of press release: 14/11/2019 for the month of October, 2019
    • This press release is available at our home page http://eaindustry.nic.in

     

    INTERNATIONAL NEWS

     

     

    12.   Overview of 2nd India-China Informal Summit

     

    • The secondinformal summit between the Prime Minister(PM) of India Shri Narendra Modi and the President of the People’s Republic of China Mr Xi Jinping was held in Mahabalipuram,TamilNadu, on 11-12 October 2019. Previously, the first informal summit between the two nations was held in Wuhan, China in April 2018. Both leaders attended cultural programme at the shore temple in Mahabalipuram on the inaugural day of the meet.Some of the important events during the meet are as follows,
    • The Indian embassy in Beijing, China has announced relaxations in its e-visa policy for Chinese nationals that would enhance people-to-people exchanges between the two countries and also develop Indian tourism.
    • Relaxations: From October 2019, Chinese nationals will be able to apply for e-Tourist visa (e-TV) with 5-year validity and multiple entries costing USD(United States Dollar) 80. Single-entry 30-day validity e-TV can be availed at USD 25 for tourists, while it would cost only USD 10 for a 30day e-TV during April-June.One-year multiple-entry e-TV will be offered but at a reduced visa fee of USD 40.
    • e-medical visa, e-conference visa, and the one-year multiple-entry e-business visa will also continue to be issued from Indian visas online platform.
    • During the summit, the two nations agreed to set up a High-Level Economic and Trade Dialogue mechanism to reduce trade deficit, trade enhancement, services and investments.
    • Through the diplomatic channels, the activation of this mechanism will be decided. While the Chinese side will be represented by Vice Premier Hu Chunhua, the Indian side will be represented by the Finance Minister, Nirmala Sitharaman
    • Trade deficit:Trade deficit which means the value of Import is more than the value of export was the key talk during the bilateral delegation level meet at Kovalam, TamilNadu. After shri Modi raised the issue on trade deficit, the Chinese president agreed to take severe action on reducing the trade deficit which is of $53 billion. China welcomed investment in sectors like information technology and pharmaceuticals from India as it would enhance job creation in both sides.
    • Defence & security: Issue on defence and security was raised by the Chinese president and also raised the need for enhanced trust between the two nation’s defence forces. The Chinese side also sent an invitation to the Indian defence minister Shri Rajnath Singh to visit China.
    • Terrorism: India and china posed terrorism as a common threat and ensured in working together in reducing terrorism by strengthening the framework against terror financing, training and supporting the terrorist groups.
    • RCEP: Both leaders agreed on the importance of concluding negotiations for a mutually-beneficial and balanced Regional Comprehensive Economic Partnership(RCEP). RCEP is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar,Philippines, Singapore, Thailand, Vietnam) and its six FTA partners (China, Japan, India, South Korea, Australia and New Zealand).
    • The two Leaders decided to designate2020 as Year of India-China Cultural and People to People Exchanges. The year 2020 also marks the 70th anniversary of the establishment of India-China relations. The two leaders will also organise 70 activities including a ship voyage conference as part of the celebration.
    • Annam lamp and tanjore painting: Prime Minister Narendra Modi gifted Nachiarkoil, a six-feet Annam lamp coated with gold and also a three-feet high Thanjavur painting of dancing Saraswathi(Godess) to the Chinese President on October 11,2019. The lamp, which bears Annam(bird that can separate milk from water) was made in Nachiarkoil town of TamilNadu and is 6feet tall weighing 108kg.
    • Handwoven red silk shawl:Prime Minister Narendra Modi presented President Xi Jinping, a gold-and-red silk handwoven shawl bearing his image on the 12th october 2019. The shawl was designed by Sri RamalingaSowdambigai Weavers’ Cooperative Society from Sirumugaipudur district in Coimbatore, TamilNadu.
    • The age-old commercial linkages and people-to-people contacts between India and China dates back to the past two millennia, including maritime contacts.
    • The two leaders agreed to establish a sister-state link between TamilNadu and Fujian province of China to study the link between Mahabalipuram and Fujian on their maritime connections.
    • The Indian delegation which was led by Modi, also consisted of AjitDoval, National Security Advisor(NSA); S Jaishankar, External Affairs Minister(EAM) and Vijay Gokhale, Foreign Secretary.
    • In line with the ‘Wuhan Spirit’ (contribution for global peace development following 1st informal summit) and the ‘Chennai Connect”. They agreed to continue this practice in the future. Prime Minister Modi has accepted the invitation of President Xi to visit China for the 3rd Informal Summit.
    • Mahabalipuram(mamallapuram) which is a UNESCO (United Nations Educational, Scientific and Cultural Organization) world heritage site has had trade links with China 2000 years ago. The name Mamallapuram derives from Mamallan, or “great warrior”,by which the Pallava King Narasimhavarman I (630-668 AD) was known.
    • Evidence of trade: The Celadon ware (pottery), Chinese coins, found in the Mahabalipuram region strengthens the trade connection between India and China since the Pallava dynasty. The ancient poem “Pattinapalai” written during the Sangam period (1st-6th century BC) cites anchorage of Chinese ships in the east coast of Tamil Nadu. Emperor Wei (circa 185-149 BCE) made a mention of Kancheepuram and had also sent presents to the Tamil kings. Bodhi Dharma, a pallava king, who originated martial arts, lived in China as a buddhist monk for a long time. Hiuen Tsang, the Chinese Buddhist monk-traveller, visited the Pallava capital at Kancheepuram.

     

     

     

    13.   WB Releases “South Asia Economic Focus, Fall 2019

    • World Bank(WB) in its report, “South Asia Economic Focus, Fall 2019 : Making (De)centralization Work”, has lowered India’s growth forecast to 6% for 2019 for the second consecutive year ,after a wide decline in the initial quarters.
    • As per the report , Bangladeshhas become the second-fastest growing economy in South Asia after Bhutan. Bangladesh’s growth rate is expected to increase from 7.9 % to 1 % in 2019 with the support of robust macroeconomic framework, political stability, and strong public investments. Its growth is projected at 7.2 % in 2020 and 7.3 % in 2021.
    • The average growth rate in Nepal in 2019 & 2020 is estimated to be 6.5 percent.
      In contrast, Pakistan is likely to reduce its growth rate to just 2.4% due to the crisis of strict monetary policy is being adopted. Domestic demand is also being affected due to financial discipline.
    • The Growth in South Asia is estimated to reduce to 5.9 % in 2019, down 1.1 percentage points against April 2019 due to uncertainty about a rebound in the short term.
    • Main challenge: The main policy challenge for India is to reduce private consumption and remove the structural factors behind weak investment. It would also require efforts to reduce financial slippage, as higher public borrowing than high-rate expectations could put pressure on interest rates.

     

    14.   The Prize in Economic Sciences 2019

     

     

    Abhijit Banerjee
    Massachusetts Institute of Technology, Cambridge, USA

    Esther Duflo
    Massachusetts Institute of Technology, Cambridge, USA

    Michael Kremer
    Harvard University, Cambridge, USA

    “for their experimental approach to alleviating global poverty”.

    • The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research.
    • Despite recent dramatic improvements, one of humanity’s most urgent issues is the reduction of global poverty, in all its forms. More than 700 million people still subsist on extremely low incomes. Every year, around five million children under the age of five still die of diseases that could often have been prevented or cured with inexpensive treatments. Half of the world’s children still leave school without basic literacy and numeracy skills.
    • This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. In brief, it involves dividing this issue into smaller, more manageable, questions – for example, the most effective interventions for improving educational outcomes or child health. They have shown that these smaller, more precise, questions are often best answered via carefully designed experiments among the people who are most affected.
    • In the mid-1990s, Michael Kremer and his colleagues demonstrated how powerful this approach can be, using field experiments to test a range of interventions that could improve school results in western Kenya.
    • Abhijit Banerjee and Esther Duflo, often with Michael Kremer, soon performed similar studies of other issues and in other countries. Their experimental research methods now entirely dominate development economics.
    • The Laureates’ research findings – and those of the researchers following in their footsteps – have dramatically improved our ability to fight poverty in practice. As a direct result of one of their studies, more than five million Indian children have benefitted from effective programmes of remedial tutoring in schools. Another example is the heavy subsidies for preventive healthcare that have been introduced in many countries.
    • These are just two examples of how this new research has already helped to alleviate global poverty. It also has great potential to further improve the lives of the worst-off people around the world.

     

     

     

     

    SPORTS NEWS

     

     

    15.   11th AIBA Women’s World Boxing Championships 2019: India’s Performance

     

    • 11thedition of International Boxing Association, originally the Association Internationale de Boxe Amateur (AIBA) Women’s World Boxing Championships 2019 was held at FSK Sports Complex, Ulan-Ude, Russia from October 3-13, 2019. The Elite Women boxing championships was organized by AIBA.
    • 224 competitors from 57 nations participated in the event and 21 nations claimed the medals.
    • India was ranked 9thin the medal tally (4 medals) while Russia clinched the top spot.
    • Performances of Indians:

     

     

     

     

     

    CategoryWinnerOpponentMedal
    48 kg (Light Flyweight) CategoryManju RaniEkaterina Paltceva (Russia)Silver
    54 kg category (Bantamweight)Jamuna BoroHuang Hsiao-Wen (Chinese Taipei)Bronze
    51 kg Category (Flyweight)MC Mary KomBusenaz Cakiroglu (Turkey)Bronze
    69 kg category (Welterweight)Lovlina BorgohainYang Liu (China)Bronze
    • .Manju Rani became the first Indian boxer after 18 years to reach the finals on debut. In 2001, Mary Kom had reached the finals.
    • It was Jamuna Boro’s maiden World Championships.
    • It was a new weight category for 6-time world champion MC Mary Kom. Earlier, she fought under the 48 kg category.
    • The International Boxing Associationor AIBA, originally the Association Internationale de Boxe Amateur, is a sport organization that sanctions amateur (Olympic-style) boxing matches and awards world and subordinate championships. Recently, AIBA has been trying to build its own semi-professional version of boxing, where boxers would retain their Olympic eligibility, through the team tournament league known as World Series of Boxing and AIBA Pro Boxing.
    • The organization has been involved in multiple corruption scandals including on several editions of the Summer Olympic Games.[2][3]It was recognised by the International Olympic Committee (IOC) as the international governing body for the sport of boxing until 2019, when the IOC suspended its recognition of the federation.
    • Founded:1946
    • Headquarters:Lausanne, Switzerland
    • Interim president:Dr Mohamed Moustahsane

     

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