• Current Affairs , 8th JANUARY 2020

    • January 9, 2020
    • Posted By : upliftlife
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    NATIONAL NEWS

     

    1. First-ever Antar-rashtriya Yoga Diwas Media awards presented to 30 media houses for promoting Yoga

     

    • Information and Broadcasting Minister Prakash Javadekar today conferred the first Antarrashtriya Yoga Diwas Media Samman to 30 media houses in New Delhi today.

     

    • The Ministry had instituted the award in June last year to mark the contribution of media in spreading the message of Yoga. It acknowledged the positive role and responsibility of the media in disseminating the outreach of Yoga in India and abroad.
    • Eleven awards were conferred under the category of Best Media Coverage of Yoga in Newspapers. Eight awards under the category Best Media Coverage of Yoga in Television and 11 awards were conferred under the category Best Media Coverage of Yoga in Radio.
    • Addressing the gathering, Mr Javadekar said, Yoga is the identity of India in the world and it is a great tool for preventive health. He said, the Jury went through 132 entries to select the awardees. Mr Javedkar said, it is the responsibility of the media to propagate the good things in society. He also lauded the role of media in creating awareness about Yoga.

     

    • Speaking on the occasion, Ayush Minister Shripad Naik said, this initiative is a positive step to acknowledge the work of media. He said, such initiatives are laudable as they help in spreading awareness about Yoga.
    • The International Day of Yoga is being celebrated on 21st of June every year since 2015. The idea of International Day of Yoga was first proposed by the Prime Minister Narendra Modi during his address at the United Nations General Assembly in September 2014. Our Correspondent talked to some of the awardees.

     

    1. PM Modi speaks to US President Trump; focus on enhancing Indo-US cooperation

     

    • Prime Minister Narendra Modi said that India-US relations, which are built on trust, mutual respect and understanding, have grown from strength to strength.
    • Conveying his New Year greetings to United States President Donald Trump, Mr Modi expressed his desire to continue to work with him for enhancing cooperation in all areas of mutual interest.
    • The Prime Minister highlighted the significant progress made in deepening the Strategic Partnership between the two countries in the previous year. Mr Modi wished President Trump, his family and the people of the United States good health, prosperity and success in the New Year.
    • President Trump expressed satisfaction at the achievements in the relationship in last few years and reiterated his readiness for further deepening bilateral cooperation. He wished the people of India prosperity and progress in the New Year.

     

    1. Amit Shah releases a book ‘Karmayoddha Granth’, on the life of Prime Minister Shri Narendra Modi

     

    • “A ‘Karmayoddha’ is man with a beating heart for people, a statesman, a hard task master, an able administrator and an ideal leader who leads by example. All these qualities have been personified by Shri Narendra Modi”, said Union Minister for Home Affairs, Shri Amit Shah while releasing a book ‘Karmayoddha Granth’, on the life of Prime Minister Shri Narendra Modi, in New Delhi today.
    • Shri Shah talked about the three parts of PM’s life starting from the phase of dedicating his life to an ideology; entering politics on the ideals of the sangathan; and finally, upholding the tenets of Parliamentary Democracy and the Constitution of India to construct an ideal State. Today, PM has transformed into a global leader without accreting anything for himself. Shri Narendra Modi is the epitome of selfless service to the Nation, he said
    • Talking about the journey of his life, Home Minister said that Modiji saw a childhood devoid of luxury, full of poverty, disadvantages and neglect from society transformed into a leader who dedicated his life towards the welfare of the people, without keeping any ill-feeling for anyone in the society. He further said that Modiji resurrected the Gujarat BJP organization from scratch and transformed it into a living organism that brought an ideology which was dedicated to service of the people into party politics, Shri Shah added
    • The Home Minister narrated the challenges faced by Shri Modi, from natural calamities to social upheavals, while he was the CM of Gujarat and how he surmounted each one of them to transform the state by creating the ‘Gujarat model’, an example of equitable development and growth. Shri Modi laid the foundation of the New India based on ‘Sabka Saath, Sabka Vikas’, from Gujarat. He brought the concept of ‘Jan Samvad’ in good governance, which was above partisan politics. The people of India recognised the Gujarat model of development and chose Modiji as the fit candidate to lead the Nation
    • Shri Shah noted that the Modi government inherited a governance setup that was plagued with corruption of more than Rs. 12 lakh crores and from 2014, corruption worth not even a penny was allowed to take place in this government. On the other hand, he recounted the initiatives taken by Modi government for 60 crore poor people of the country and said that in the last 5 years, 13 crore people got LPG connections, 99% of homes got electricity, almost every household has toilets and Universal health care worth Rs. 5 lakhs under Ayushman Bharat benefitting 50 crore people, among others. Working on the Antyodaya ideology, the Modi government is committed to give houses for everyone by 2022 and piped drinking water for everyone by 2024, he added.
    • Shri Shah said that the Modi goverment has worked in the direction of destroying stereotypes – Neta vs Babu, Rural vs Urban development and Industrial vs Agricultural development. This government has ensured equitable growth and development in all sectors, he added
    • Talking about building a strong image of India globally, Shri Shah said that Modiji revamped India’s Foreign policy and National Security policy by delinking the two. India emerged as a strong Nation on the global front while making its stance clear that India would not take attacks on itself lying down. India has emerged as a global power by taking bold decisions, including removal of Article 370, 35A in J&K, bringing Citizenship Amendment Act 2019, resolution of Ram Mandir issue, criminalising Triple Talaq, conducting surgical strikes and Balakote airstrikes, which nobody dared in last 70 years, he said
    • The Home Minister talked about the three curses of Indian politics that Modiji removed after 2014 which included appeasement politics, casteism and nepotism. He said that this government works on efficiency and by keeping welfare of the people as the guiding principle, rather than vote bank politics. India has for long not seen a leader before Shri Modi taking strong decisions, in interest of the Nation and its people, without fearing backlash. He has also worked to bring recognition to Indian languages mainly Hindi around the world, Shri Shah concluded.

     

    1. Delhi Court orders four convicts to be hanged on January 22

     

    • A Delhi Court today ordered that four convicts in the 2012 Nirbhaya Gang rape and murder case will be hanged on January 22 at 7 am in Tihar jail.
    • The order was pronounced by Additional Sessions Judge Satish Kumar Arora who issued death warrants against them.
    • The four death row convicts are Mukesh, Vinay Sharma, Akshay Singh and Pawan Gupta.

     

    1. Steep reduction in pendency of Vigilance complaints

     

    • There has been a steep reduction in the pendency of vigilance complaints in the last few years under the Modi Government. Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh was briefed about the status, including pendency and disposal, of Vigilance cases in the Central Vigilance Commission, for which DoPT (Department of Personnel & Training) is the administrative Ministry.
    • Vigilance Commissioner Shri Sharad Kumar, who is presently officiating as Central Vigilance Commissioner (CVC), met Dr Jitendra Singh here yesterday and gave him an update about the current status of pendency and disposal of vigilance cases in the Commission.
    • The Minister was informed that there has been a steep reduction in the pendency of vigilance cases from an average of 3,000 in the last three preceding years to 876 in 2019, of which 683 pertain to December, 2019.
    • A large number of old pending cases of over 5 to 10 years’ duration were reviewed and most of the cases were disposed of, thereby drastically reducing pendency from 1,500 cases of the last three years to about 950 at the end of December 2019.
    • Shri Sharad Kumar also gave an update about the functioning of the Advisory Board on banking frauds, which was constituted in August 2019. The important purpose of the Board is to address fear psychosis of bank officials and to insulate honest decisions from investigation by probe agencies.

     

    • The recent achievements in the working of the Vigilance Commission include launch of a robust and comprehensive online reporting mechanism for Chief Vigilance Officers of various Ministries/Departments/Organizations under the Commission. This new mechanism has enabled a more focused and timely review of vigilance and anti-corruption cases in various wings and departments of the Central government organizations. In addition, Preventive Vigilance booklet has been brought out with the objective to share the case studies on systematic initiatives/improvements undertaken.
    • Dr Jitendra Singh was also updated about the functioning of the e-office which was introduced with effect from 1stNovember 2019.

     

     

    1. Centre has taken several steps for traders, working for more simplification of GST: Nirmala Sitharaman

     

    • Finance Minister Nirmala Sitharaman has said that Centre has taken several steps for traders and working for more simplification of the Goods and Services Tax, GST. She was addressing National Traders Convention of Confederation Of All India Traders, CAIT in New Delhi today.
    • A meeting of State and Central Government officers was held today under the chairmanship of Revenue Secretary to simplify GST norms. Ms Sitharaman said, Government has also sought suggestions from traders of the indirect tax.
    • The Government has launched a computer-generated Documentation Identification Number, DIN system which provides for a transparent and recorded communication between the tax department and taxpayers.
    • The Minister said, the system will ensure greater accountability and transparency in tax administration.
    • Ms Sitharaman said, Government has brought a new scheme which assures a minimum monthly pension to shopkeepers and retail traders after attaining the age of 60.

     

    1. First Advance Estimates of National Income, 2019-20 

    • The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Advance Estimates of National Income at both Constant (2011-12) and Current Prices, for the financial year 2019-20 along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP).
    • The First Advance Estimates of GDP have been released in accordance with the release calendar of National Accounts. The approach for compiling the Advance Estimates is based on Benchmark-Indicator method. The sector-wise Estimates are obtained by extrapolation of  indicators like (i) Index of Industrial Production (IIP) of first 7 months of the financial year, (ii) financial performance of Listed Companies in the Private Corporate sector available upto quarter ending September, 2019 (iii) 1stAdvance Estimates of Crop production, (iv) accounts of  Central & State Governments, information on indicators like Deposits & Credits, Passenger and Freight earnings of Railways, Passengers and Cargo handled by Civil Aviation, Cargo handled at major Sea Ports, Sales of Commercial Vehicles, etc., available for first 8 months of the financial year. With the introduction of Goods and Services Tax (GST) from 1st July 2017 and consequent changes in the tax structure, the total Tax Revenue used for GDP compilation include non-GST revenue and GST revenue.
    • For the year 2019-20, the Budget Estimates of Tax Revenue as provided by Controller General of Accounts (CGA) have been used for estimating taxes on products at Current Prices.
    • For compiling taxes on products at Constant Prices, volume extrapolation is done using volume growth of taxed goods and services and aggregated to get the total volume of taxes.
    • Annual forecast of indicators which are available for first 7 / 8 months is based on Regression using seasonal dummies to account for seasonal fluctuations or some indicators like IIP have been compiled by dividing the cumulative value for the first 7 months of the current financial year by average of ratio of cumulative value of 7 months to the annual value of past years.
    • The salient features of the Estimates are detailed below:

     

    1. ESTIMATES AT CONSTANT (2011-12) PRICES

    Gross Domestic Product

    1. Real GDP or GDP at Constant Prices (2011-12) in the year 2019-20 is likely to attain a level of ₹147.79 lakh crore, as against the Provisional Estimate of GDP for the year 2018-19 of ₹140.78 lakh crore, released on 31stMay 2019. The growth in real GDP during 2019-20 is estimated at 5.0 per cent as compared to the growth rate of 6.8 per cent in 2018-19.

     

    Gross Value Added (GVA) at Basic Prices

    1. Real GVA at Basic Prices is estimated to increase from ₹129.07 lakh crore in 2018-19 to ₹135.40lakh crore in 2019-20. Estimated growth of real GVA in 2019-20 is 4.9 per cent as against 6.6 per cent in 2018-19.
    2. The sectors which registered growth rate of over 4.9 percent are, ‘Electricity, Gas, Water Supply and Other Utility Services’, ‘Trade, Hotels, Transport, Communication and Services related to Broadcasting’, ‘Financial, Real Estate and Professional Services’ and ‘Public Administration, Defence and Other Services’ at 5.4 per cent, 5.9 per cent, 6.4 per cent, 9.1 per cent respectively. The growth in the ‘Agriculture, Forestry and Fishing’, ‘Mining and Quarrying’, ‘Manufacturing’ and ‘Construction’ is estimated to be 2.8 per cent, 1.5 per cent, 2.0 per cent and 3.2 per cent respectively.

     

    Agriculture, Forestry and Fishing

    1. GVA at Basic Prices for 2019-20 from ‘Agriculture, Forestry and Fishing’ sector is estimated to grow by 2.8 per cent as compared to growth of 2.9 per cent in 2018-19. The GVA estimates of this sector are based on 1stadvance estimates of agricultural production during Kharif season of 2019-20 obtained from the Ministry of Agriculture & Farmer Welfare. For Livestock sector, estimates of production of major livestock products (i.e. Milk, Egg, Meat and Wool) obtained from the Department of Animal Husbandry & Dairying and Fish production data obtained from Department of Fisheries have been used. The crops including fruits and vegetables account for about 56 per cent, the livestock products 30 per cent and forestry & fisheries 14 per cent share of GVA in total GVA of ‘Agriculture, Forestry and Fishing’ sector.

     

    Mining and Quarrying

    1. GVA at Basic Prices for 2019-20 from ‘Mining and Quarrying’ sector is estimated to grow by 1.5 per cent as compared to growth of 1.3 per cent in 2018-19. The key indicators of Mining sector, namely, production of Coal, Crude Oil and Natural Gas registered growth rates of (-) 5.3 per cent, (-) 5.9 per cent and (-) 2.6 per cent, during April-November, 2019-20 as compared to 9.0 per cent, (-) 3.6 per cent and (-) 0.7 per cent respectively, during April-November, 2018-19. IIP of metallic minerals grew at 13.7 per cent during April-October, 2019-20  as compared to 2.6 per cent during same period in 2018-19.

     

    Manufacturing

    1. GVA at Basic Prices for 2019-20 from ‘Manufacturing’ sector is estimated to grow by 2.0 per cent as compared to growth of 6.9 per cent in 2018-19.  The Private Corporate sector growth in the Manufacturing sector for 2019-20 is estimated using latest available information on major Listed Companies during first half of financial year 2019-20. The Private Corporate sector growth (which has a share of over 75 per cent in the Manufacturing sector) was estimated from available data of Listed Companies with BSE and NSE. The Quasi – Corporate and Unorganized segment (which has a share of over 20 per cent in the Manufacturing sector) has been estimated using IIP of Manufacturingwhich registered a growth of 0.6 per cent during April-October, 2019-20.

     

    Electricity, Gas, Water Supply and Other Utility Services

    1. GVA at Basic Prices for 2019-20 from ‘Electricity, Gas, Water Supply and Other Utility Services’ sector is expected to grow by 5.4 per cent as compared to growth of 7.0 per cent in 2018-19. Estimate of IIP of Electricity compiled for 2019-20 has been used for compilation.  IIP of Electricity registered a growth rate of 1.6per cent during April-October, 2019-20.

     

    Construction

    1. GVA at Basic Prices for 2019-20 from ‘Construction’ sector is expected to grow by 3.2 per cent as compared to growth of 8.7 per cent in 2018-19. Key indicators of Construction sector, namely, Production of Cement and Consumption of Finished Steel registered growth rates of (-) 0.02 per cent and 3.5 per cent respectively during April-November, 2019-20.

     

     

    Trade, Hotels and Transport & Communication and Services related to Broadcasting

    1. The estimated growth in GVA for the Trade, Hotels, Transport and Communication and Services related to Broadcasting services during 2019-20 is placed at 5.9 per cent as against growth of 6.9 per cent in the previous year. GVA from Trade sector is estimated using an index of turnover based on Sales Tax. With introduction of GST, Sales Tax data is now subsumed under GST.  Therefore, a comparable estimate of turnover based on Sales Tax has been estimated. Methodology of estimation is as explained in the Annexure to the Press Note on estimates of GDP for the second quarter (July-September) of 2017-18 released on 30thNovember, 2017. The key indicators of Railways, namely, the Net Tonne Kilometres and Passenger Kilometres have shown growth rate of (-)4.1 per cent and (-)0.9 per cent respectively during April-November, 2019-20. Among the other transport service sectors, Cargo handled at major Sea Ports, Cargo handled by the Civil Aviation, Passengers handled by the Civil Aviation and Sales of Commercial Vehicles registered a growth of 0.2 per cent, (-)7.9 per cent, 1.8 per cent and (-) 22.1 per cent respectively during April-November, 2019-20.

     

    Financial, Real Estate and Professional Services

    1. The estimated growth in GVA for this sector during 2019-20 is placed at 6.4 per cent as compared to growth of 7.4 per cent in 2018-19.  Major component of this industry is the Real Estate and Professional Services which has a share of over 75 per cent. The key indicators of this sector are the growth of Corporate Sector for Real Estate sector and Computer related activities which are estimated using latest available information on Listed Companies for the first half of financial year 2019-20. Aggregate Bank Deposits and Bank Credits have shown growth rates of 10.3 per cent and 8.9 per cent respectively as on October, 2019.

     

    Public Administration and Defence and Other Services

    1. GVA at Basic Prices for 2019-20 from this sector is expected to grow by 9.1 per cent as compared to growth of 8.6 per cent in 2018-19. The key indicator of this sector namely, Union Government Expenditure Net of Interest Payments grew by 17.8per cent during April-November, 2019-20.

     

    Per Capita Income

    1. The Per Capita Income in real terms (at 2011-12 prices) during 2019-20 is likely to attain a level of ₹96,563as compared to ₹92,565 for the year 2018-19. The growth rate in Per Capita Income is estimated at 4.3 per cent during 2019-20, as against 5.6 per cent in the previous year.

     

    1. ESTIMATES AT CURRENT PRICES

     

    1. Price Indices used as Deflators

    The Wholesale Price Index (WPI), in respect of the groups – Food Articles, Manufactured Products, Electricity and all Commodities, has risen by 8.0 per cent, 0.3 per cent, (-) 0.3 per cent and 1.4 per cent, respectively during April-November, 2019-20. The Consumer Price Index (CPI) has shown a rise of 3.7 per cent during April-November, 2019-20.

     

    Gross Domestic Product

    1. GDP is derived by adding Taxes on Products net of Subsidies on Products to GVA at Basic Prices. GDP at Current Prices in the year 2019-20 is likely to attain a level of ₹204.42 lakh crore, as against ₹190.10 lakh crore in 2018-19 showing a growth rate of 7.5 per cent.

     

    National Income

    1. The nominal Net National Income (NNI), also known as National Income (at Current Prices) is likely to be ₹181.10 lakh crore during 2019-20, as against ₹168.37 lakh crore for the year 2018-19. In terms of growth rates, the National Income registered a growth rate of 7.6 per cent in 2019-20 as against the previous year’s growth rate of 11.3 per cent.

     

    Per Capita Income

    1. The Per Capita Net National Income during 2019-20 is estimated to be ₹1,35,050 showing a rise of 6.8 per cent as compared to ₹1,26,406 during 2018-19 with the growth rate of10.0 per cent.

     

    1. ANNUAL ESTIMATES OF FINAL EXPENDITURES OF GDP, 2019-20
    2. Along with the First Advance Estimates of GVA at Basic Prices by economic activity, the First Advance Estimates of Expenditures of the GDP at Current and Constant (2011-12) Prices are also released. These estimates have been compiled using the data from the same sources as those used for compiling GVA estimates by economic activity, detailed data available on Merchandise Trade in respect of Imports and Exports, Balance of Payments, and Expenditure of Central and State Governments.  As various components of Expenditure on Gross Domestic Product, namely, Consumption Expenditure and Capital Formation, are normally measured at Market Prices, the discussion in the following paragraphs is in terms of Market Prices only.

     

    Private Final Consumption Expenditure

    1. Private Final Consumption Expenditure (PFCE) at Current Prices is estimated at ₹123.07 lakh crore in 2019-20 as against ₹112.90 lakh crore in 2018-19. At Constant (2011-12) Prices, the PFCE is estimated at ₹84.81 lakh crore in 2019-20 as against ₹80.17 lakh crore in 2018-19. In terms of GDP, the rates of PFCE at Current and Constant (2011-12) Prices during 2019-20 are estimated at 60.2 per cent and 57.4 per cent, respectively, as against the corresponding rates of 59.4 per cent and 56.9 per cent, respectively in 2018-19.

     

    Government Final Consumption Expenditure

    1. Government Final Consumption Expenditure (GFCE) at Current Prices is estimated at ₹24.34 lakh crore in 2019-20 as against ₹21.35 lakh crore in 2018-19. At Constant (2011-12) Prices, the GFCE is estimated at ₹16.65 lakh crore in 2019-20 as against ₹15.06 lakh crore in 2018-19. In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2019-20  are estimated at 11.9 per cent and 11.3 per cent, respectively, as against the corresponding rates of 11.2 per cent and 10.7 per cent, respectively in 2018-19.

     

    Gross Fixed Capital Formation

    1. Gross Fixed Capital Formation (GFCF) at Current Prices is estimated at ₹57.42 lakh crore in 2019-20 as against ₹55.70 lakh crore in 2018-19. At Constant (2011-12) Prices, the GFCF is estimated at ₹45.93 lakh crore in 2019-20 as against ₹45.48 lakh crore in 2018-19. In terms of GDP, the rates of GFCF at Current and Constant (2011-12) prices during 2019-20 are estimated at 28.1 per cent and 31.1 per cent, respectively, as against the corresponding rates of 29.3 per cent and 32.3 per cent, respectively in 2018-19.

     

    1. Estimates of Gross/Net National Income and Per Capita Income along with GVA at Basic Prices by kind of economic activity and the Expenditures of GDP for the years 2017-18, 2018-19 and 2019-20 at Constant (2011-12) and Current Prices are given in Statements 1 to 4.

     

    1. The release of Second Advance Estimates of National Income for the year 2019-20 and quarterly GDP estimate for the third quarter (October-December), 2019-20 (Q3 of 2019-20) will be on 28.02.2020.

     

     

    STATEMENT 1: First Advance Estimates of National Income and Expenditures on GDP, 2019-20

    ( At 2011- 12 Prices)                                  ( crore)
    (

    S. No

    Item 2017-18 2018-19 2019-20 Percentage change over previous year
    (PE) (1st  AE) 2018-19 2019-20
    Domestic Product
    1 GVA at Basic Prices 12,104,165 12,906,936 13,540,380 6.6 4.9
    2 Net Taxes on Products 1,075,693 1,170,650 1,238,499 8.8 5.8
    3 GDP (1+2) 13,179,857 14,077,586 14,778,879 6.8 5.0
    4 NDP 11,676,896 12,474,945 13,097,584 6.8 5.0
    Final Expenditures
    5 PFCE 7,417,489 8,016,674 8,480,699
    6 GFCE 1,378,563 1,506,035 1,664,514
    7 GFCF 4,136,572 4,548,452 4,592,664
    8 CIS 150,417 157,637 161,225
    9 VALUABLES 192,120 174,780 198,356
    10 Exports of Goods and Services 2,607,310 2,933,969 2,874,795
    11 Imports of Goods and Services 3,083,560 3,557,901 3,347,131
    12 Discrepancies 380,947 297,939 153,756
    13 GDP 13,179,857 14,077,586 14,778,879
    RATES TO GDP
    14 PFCE 56.3 56.9 57.4
    15 GFCE 10.5 10.7 11.3
                16 GFCF 31.4 32.3 31.1
    17 CIS 1.1 1.1 1.1
    18 VALUABLES 1.5 1.2 1.3
    19 Exports of Goods and Services 19.8 20.8 19.5
    20 Imports of Goods and Services 23.4 25.3 22.6
    21 Discrepancies 2.9 2.1 1.0
    22 GDP 100.0 100.0 100.0
    NATIONAL PRODUCT
    23 GNI 13,034,121 13,932,287 14,630,421 6.9 5.0
    24 NNI 11,531,159 12,329,646 12,949,125 6.9 5.0
     Per Capita Income, Product and Final Consumption
    25 Population* (in million) 1316 1332 1341
    26 Per Capita GDP (₹) 100,151 105,688 110,208 5.5 4.3
    27 Per Capita GNI (₹) 99,043 104,597 109,101 5.6 4.3
    28 Per Capita NNI (₹) 87,623 92,565 96,563 5.6 4.3
    29 Per Capita PFCE (₹) 56,364 60,185 63,242 6.8 5.1
    * Relates to mid-financial year

    PE: Provisional Estimates; AE: Advance Estimates

     

     

     

    STATEMENT 2: First Advance Estimates of National Income and Expenditures on GDP, 2019-20

    ( At Current Prices) ( crore)
    S.No Item 2017-18 2018-19 2019-20 Percentage change over previous year
    (PE) (1st AE) 2018-19 2019-20
    Domestic Product
    1 GVA at Basic Prices 15,482,715 17,199,815 18,502,193 11.1 7.6
    2 Net Taxes on Products 1,612,290 1,810,349 1,940,040 12.3 7.2
    3 GDP (1+2) 17,095,005 19,010,164 20,442,233 11.2 7.5
    4 NDP 15,313,286 17,030,846 18,313,040 11.2 7.5
    Final Expenditures
    5 PFCE 10,083,121 11,290,029 12,307,193
    6 GFCE 1,885,613 2,134,615 2,434,175
    7 GFCF 4,896,813 5,569,998 5,742,431
    8 CIS 173,890 187,671 197,966
    9 VALUABLES 218,706 193,992 217,077
    10 Exports of Goods and Services 3,210,547 3,752,230 3,771,459
    11 Imports of Goods and Services 3,758,519 4,493,933 4,338,020
    12 Discrepancies 384,835 375,562 109,953
    13 GDP 17,095,005 19,010,164 20,442,233
    RATES TO GDP
    14 PFCE 59.0 59.4 60.2
    15 GFCE 11.0 11.2 11.9
    16 GFCF 28.6 29.3 28.1
    17 CIS 1.0 1.0 1.0
    18 VALUABLES 1.3 1.0 1.1
    19 Exports of Goods and Services 18.8 19.7 18.4
    20 Imports of Goods and Services 22.0 23.6 21.2
    21 Discrepancies 2.3 2.0 0.5
    22 GDP 100.0 100.0 100.0
    NATIONAL PRODUCT
    23 GNI 16,910,192 18,816,538 20,239,374 11.3 7.6
    24 NNI 15,128,474 16,837,219 18,110,180 11.3 7.6
    25 GNDI 17,315,933 19,237,943 20,668,980 11.1 7.4
    26 NNDI 15,534,214 17,258,624 18,539,786 11.1 7.4
     Per Capita Income, Product and Final Consumption
    27 Per Capita GDP(₹) 129,901 142,719 152,440 9.9 6.8
    28 Per Capita GNI (₹) 128,497 141,265 150,927 9.9 6.8
    29 Per Capita NNI (₹) 114,958 126,406 135,050 10.0 6.8
    30 Per Capita GNDI (₹) 131,580 144,429 154,131 9.8 6.7
    31 Per Capita PFCE (₹) 76,619 84,760 91,776 10.6 8.3

    PE: Provisional Estimates; AE: Advance Estimates

     

     

     

     

     

    STATEMENT 3: First Advance Estimates of GVA at Basic Prices by Economic Activity

    (At 2011-12 Prices)
                                       ( crore)
    Industry 2017-18 2018-19

    (PE)

    2019-20

    ( 1st AE)

    Percentage change over previous year
    2018-19 2019-20
    1. Agriculture, Forestry & Fishing 1,803,039 1,855,632 1,907,605 2.9 2.8
    2. Mining & Quarrying 365,677 370,564 376,119 1.3 1.5
    3. Manufacturing 2,176,923 2,328,040 2,374,176 6.9 2.0
    4. Electricity, Gas, Water Supply & other Utility Services 267,720 286,427 301,966 7.0 5.4
    5. Construction 969,194 1,053,901 1,087,210 8.7 3.2
    6. Trade, Hotels, Transport, Communication and Services related to Broadcasting 2,312,214 2,471,128 2,616,095 6.9 5.9
    7.  Financial,  Real Estate  &  Professional  Services 2,649,146 2,846,393 3,027,407 7.4 6.4
    8.  Public Administration, Defence  and other Services 1,560,252 1,694,851 1,849,803 8.6 9.1
     GVA  at  Basic Prices 12,104,165 12,906,936 13,540,380 6.6 4.9

     

     

    PE: Provisional Estimates; AE: Advance Estimates

     

     

     

     

    STATEMENT 4:  First Advance Estimates of GVA at Basic Prices by Economic Activity

    (At Current Prices)
    ( crore)
    Industry 2017-18 2018-19

    (PE)

    2019-20

    ( 1st AE)

    Percentage change over previous year
    2018-19 2019-20
    1. Agriculture, Forestry & Fishing 2,670,147 2,775,852 3,047,187 4.0 9.8
    2. Mining & Quarrying 351,058 410,151 403,436 16.8 -1.6
    3. Manufacturing 2,542,089 2,818,218 2,882,958 10.9 2.3
    4. Electricity, Gas, Water Supply & other Utility Services 423,089 479,871 502,917 13.4 4.8
    5. Construction 1,213,628 1,376,293 1,439,892 13.4 4.6
    6. Trade, Hotels, Transport, Communication and Services related to Broadcasting 2,823,263 3,151,709 3,391,278 11.6 7.6
    7.  Financial,  Real Estate  &  Professional  Services 3,252,789 3,666,326 3,944,979 12.7 7.6
    8.  Public Administration, Defence  and other Services 2,206,652 2,521,395 2,889,546 14.3 14.6
    GVA at Basic Prices 15,482,715 17,199,815 18,502,193 11.1 7.6

     

    1. Centre asks states to lift imported onion which they had demanded

     

    • The Government has asked states to lift the imported onion which they had demanded from the Centre. Briefing reporters in New Delhi today, Food and Consumer Affairs Minister Ram Vilas Paswan said, states had demanded over 33 thousand tonnes of imported onion. He said, more than 12 thousand tonnes of Onion have already arrived in different ports.
    • Mr Paswan said, some states have withdrawn their demand and the Ministry has written a letter to these states to lift the demanded onion. He said, government will provide the imported onion at the rate of 49 to 58 rupees per Kilogram.
    • Mr Paswan said, One Nation One Ration Card initiative has been implemented in 12 states.
    • The system will largely benefit numerous migratory beneficiaries such as labourers, daily wagers and other workers who frequently change their place of dwelling in search of employment or for other reasons, across the country.
    • Mr Paswan said, government is serious on the rise of edible oil prices in a few months and necessary action will be taken if hoarders are creating artificial scarcity. He said, oil seeds and quantity of imported edible oil in the current year is more than the previous year.

     

    1. Special drive launched to remove speed breakers from National Highways

    • A special drive has been initiated for removal of all sorts of speed breakers on National Highways. Road Transport and Highways Ministry said, the step comes in a bid to ensure smooth and hassle-free traffic movement, especially at toll plazas.

     

    • With the effective implementation of FASTag on toll plazas, the speed breakers and rumble strips constructed at toll plazas are being removed with immediate effect for smooth vehicular movement.
    • The Ministry said, the speed breakers result in considerable delay, damage to the vehicles and significant discomfort to vehicle occupants and more fuel consumption due to acceleration and deceleration.
    • This initiative will save time, money and facilitate smooth vehicular movement especially to ambulances, elderly and unwell people commuting on National Highways.
    • Electronic Toll Collection through FASTag has been implemented from 15th December last year to provide commotion-free movement on highways.

     

    INTERNATIONAL NEWS

     

    1. Bangladesh HC orders govt to impose ban on single use plastic in coastal areas, hotels

     

    • Bangladesh High Court yesterday ordered the government to impose a ban on single use plastic in coastal areas and hotels, motels and restaurants across the country within the next one year.
    • Single use plastic products include drinking straws, cotton buds, food packaging, food containers, bottles, plates, plastic cutlery and plastic bags. The court also ordered strict enforcement of the ban on polythene across the country.
    • As per the Bangladesh Environment Conservation Act polythene has been banned in the country since 2002 but its use is continuing all over Bangladesh.
    • The court order came in response to a writ petition filed by 11 organizations working in the field of environment and climate change. The petition claimed that according to government data Bangladesh generated 3,000 tonnes of plastic waste daily.
    • Close to 25 per cent of the plastic waste was dumped into rivers flowing into Bay of Bengal causing serious harm to environment. The court asked the government to submit a report on the implementation of its orders by January next year.

     

    1. Iran designate US armed forces and Pentagon as ‘terrorist entities’

     

    • The Iranian parliament today approved a triple-urgency bill which designates the US army and the Pentagon as a terrorist entity.
    • The Bill further requires the government to allocate 200 million euro to the Islamic Revolution Guards Corps (IRGC) Quds Force to take revenge for the US killing of Lieutenant General Qassem Soleimani.
    • Iran’s IRGC’s Quds Force Commander General Soleimani and Iraq’s Popular Forces Commander Abu Mahdi al-Modandis, as well as eight other military men, were killed by the US Army.
    • 233 MPs repeated the words of the speaker, Ali Larijani, warning US President Donald Trump to await the consequences of his actions.
      Majlis also discussed the bill about taking an action against US attack.
    • The Supreme Leader has called for proportionate military action against the US interests in response to the killing of Iranian Commander in Baghdad.

     

    1. Sri Lankan Prez says certain areas of 13th Amendment of Constitution cannot be implemented

     

    • Sri Lankan President Gotabaya Rajapaksa has said that certain areas of 13th Amendment of the Constitution cannot be implemented and called for politicians to look at alternative solutions.
    • In a meeting with the Envoys of European Union countries yesterday, the President said that political solutions must go hand in hand with economic development for the benefit of the people. He said, if police powers were handed over to the Provincial Councils, it would simply lead to politicization of police work.
    • President suggested, it is more practical in appointing people from the districts to the police ranks up to the level of Station in-Charge and it will help solve issues caused by language and cultural differences.
    • The 13th Amendment was brought up as part of Indo-Sri Lanka accord in 1987 and Provincial Councils were set up as part of devolution of powers, particularly for Tamil minorities.
    • President Gotabaya has been advocating for development over devolution since he took over office in November last year. Devolution of land and police powers, part of 13th Amendment, has not been implemented so far by any Sri Lankan Government. Tamil political parties have been demanding the implementation in letter and spirit.

     

    1. India continues to be top sourcing market for Sri Lankan tourism

     

    • India continued to be the top sourcing market for Sri Lankan tourism with Indian tourists constituting maximum 19 per cent of total tourist arrivals to the island nation in 2019.
    • The latest data released by Sri Lankan Tourism revealed that 3,55,002 Indian tourists visited Sri Lanka last year against total arrival of around 1.91 million. Over 48 thousand Indians visited Sri Lanka during last month of December alone including over thousand by sea route.
    • The tourism sector in Sri Lanka suffered a setback following Easter Sunday attacks last April and the annual tourist arrival dropped by 18 per cent since 2018 figures.
    • India, United Kingdom, China, Germany and Australia were Sri Lanka’s top five international tourist generating markets last year.
    • Sea beaches and religious places connected to Ramayana circuit remain the top attractions for Indian tourists.

     

    1. 2 magnitude quake strikes Indonesia’s northwest

     

    • A strong earthquake jolted Indonesia’s northwest today, but no tsunami warning was issued and there were no immediate reports of injuries or damage.
    • The 6.2 magnitude quake struck at a depth of 20 kilometres (12.5 miles) just off the coast of Simeulue island, west of Sumatra, according to the US Geological Survey. Indonesia’s weather and geophysics bureau said there was no tsunami threat.
    • Indonesia suffers frequent seismic and volcanic activity due to its position on the Pacific Ring of Fire, where tectonic plates collide. More than 2,200 people died and another 1,000 were declared missing in 2018 after a 7.5 magnitude quake and subsequent tsunami on Sulawesi island.
    • A 9.1 magnitude earthquake on Boxing Day in 2004 struck Aceh province, causing a tsunami that claimed the lives of more than 170,000 people in Indonesia alone.

     

     

    SPORTS NEWS

     

    1. Bhubaneswar to host 1st edition of Khelo India University Games from Feb 22 to March 1

     

    • The first edition of Khelo India University Games is scheduled to be held at the KIIT University in Bhubaneswar from February 22nd to March 1st.
    • The launching ceremony of the event was held at Bhubaneswar yesterday. Union Sports Minister Kiren Rijiju and Odisha Chief Minister Naveen Patnaik unveiled the logo and jersey of Khelo India University Games.
    • Mr Patnaik said he is delighted to announce the first edition of the Khelo India University Games at Bhubaneswar, a city which has gained the repute of being the Sports Capital of India. The sports minister Mr. Rijiju who was the chief guest in the function said Khelo India University Games is yet another empowering initiative of Government of India.
    • He hoped this initiative is not only give a platform to young students to showcase their sports talent.  Union Human Resource Development Minister Ramesh Pokhriyal Nishank who was present in the function said the University Games will further nourish the talents of the youth.
    • Participating in the function, Union Petroleum Minister Dharmendra Pradhan reflected the Centre’s ambition of seeing the tri-colour fly high at the 2024 and 2028 Olympic Games.

     

    • He said initiatives have been taken up by the government under the leadership of prime minister will definitely help mould the future of budding sports stars of India.

     

    1. Lakshya Sen fails to qualify for main draw of Malaysia Masters

    • In Badminton, rising Indian shuttler Lakshya Sen could not qualify for the main draw of the Malaysia Masters Super 500 tournament, going down to Denmark’s Hans-Kristian Solberg Vittinghus in the men’s singles qualifiers at the Malaysia Masters Super 500 badminton tournament today.
    • The unseeded Indian went down 21-11, 18-21, 14-21 in hard-fought match, that lasted 49 minutes. Shubhankar Dey and the women’s doubles duo of Pooja Dandu and Sanjana Santosh also failed to make the main draw.
    • Shubhankar went down 15-21, 15-21 to Malaysia’s Liew Daren in the men’s singles while Dandu and Sanjana lost to the Indonesian pair of Siti Fadia Silva Ramadhanti and Ribka Sugiarto 15-21, 10-21 in the women’s doubles.
    • Later in the day, Satwiksairaj Rankireddy and Chirag Shetty will open their campaign against local shuttlers Ong Yew Sin and Teo Ee Yi.

     

     

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