GUJARAT

FDI in Gujarat surges over 220%

Foreign Direct Investment (FDI) in Gujarat more than tripled in the first half of the current financial year. This comes even as FDI inflows in the country as a whole fell by more than 10% in the same period.

Gujarat received FDI inflows worth $1.55 bn (Rs10,832 crore) between April and September of 2018-19, 221% higher than the foreign investment of $0.48 bn (Rs3,104 crore) in the same period of the previous fiscal year, according to just-released statistics of the commerce ministry’s Department of Industrial Policy & Promotion (DIPP). While foreign direct investment in Gujarat showed a sharp rise, its rank among states with the highest inflows fell to sixth.

Delhi attracted FDI of $5.65 bn in the first half of the year, making it the preferred investment destination for foreign investors. It was closely followed by Maharashtra with $5.32 bn.

INTERNATIONAL

Amazon clinches top spot in the world’s most valuable brand ranking

US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world’s most valuable brand.

According to Kantar’s 2019 100 Top BrandZ report, the brand value of Amazon surged by 52 per cent to $315 billion.

Amazon jumped from third to first place to eclipse Google – which slid from first to third place with Apple holding on to the second spot.

Priyanka Chopra to be honoured with humanitarian award by UNICEF

Indian actress Priyanka Chopra with the Danny Kaye Humanitarian Award at the United Nations Children’s Fund (UNICEF)Snowflake Ball in the month of December.
The event will be held on December 3 in New York.
She is a UNICEF Goodwill Ambassador.

She will raise her voice for children’s education.

India to raise awareness against child welfare. She is also to improve the education, health and safety of girl child in India.

NATIONAL

India’s FDI Inflows during the five fiscal years of the Modi Govt hit to $42 billions

India turned out to be the sub region’s largest recipient receiving foreign direct investments worth $42 billion in 2018.
The investment in India billion with strong inflows in manufacturing, communication and financial services.
According to the report, FDI inflows have increased by 3.5% to $54 billion.
India attracted over 77% of the total foreign direct investments ultimately landed up to the South Asian region.
The growth in India in cross-border merger and acquisitions (M&As) reached $33 billion in 2018 from $23 billion a year ago.
Bangladesh and Sri Lanka rose to a record level, to $3.6 billion and USD 1.6 billion, respectively, while Pakistan witnessed a 27% decline in investment to USD 2.4 billion, the report read.
Several countries adopted policy measures to promote and facilitate investment with India
To amend the model concession agreement on public-private partnerships in the port sector.
The report highlighted that of the 5,400 special economic zones (SEZs) in the world, more than 4,000 are in developing countries in Asia.
China topped the list at 2,543 followed by Philippines (528),
India with 373, Turkey – 102, Thailand – 74 Korea 47, Malaysia – 45.

Sahitya Akademi announces Bal Sahitya Puraskar and Yuva Puraskar 2019

Sahitya Akademi has selected 22 writers for the Sahitya Akademi Bal Sahitya Puraskar 2019 and 23 writers for Yuva Puraskar 2019.

The awardees have been selected on the basis of recommendations made by the Jury comprising of three members each in the concerned language, in accordance with the rules and procedure laid down for the purpose.

The Award in the form of a casket containing an engraved copper-plaque and a cheque of Rs.50,000/- will be presented to the awardees at a special function.

Akshaya Patra was awarded the BBC World Service Global Champion Award

The Bengaluru-based NGOAkshaya Patra has been awarded the BBC World Service Global Champion Award for the programme.The award is presented at the BBC Food and Farming Awards in Bristol, London. The award recognises a project or person who is changing the way the world produces, processes, consumes or thinks about food for the better.
Akshaya Patra was selected by an international panel of judges from nominations sent in by the World Service audience around the world. Other projects on the shortlist included UK charity WRAP, and Food 4 Education.

Akshaya Patra is anon-profit organisation which was established on 2000. The organisation runs one of the world’s largest school meals project in India.

· Sub-groups of backward castes may get ‘neutral’ tags

ð The Rohini Commission is likely to prefer “neutral” tags for each group which steer clear of suggesting social progress or backwardness to prevent heartburn or backlash within OBC sections.

ð The Rohini panel may prefer the sub-categories crafted by Andhra Pradesh, where OBCs are divided into “A, B, C, D, E”, or Karnataka which sub-groups of OBCs named as “1, 2A, 2B, 3A, 3B”.

ð Designed to ensure “equitable distribution of reservation benefits”, sub-categorisation entails division of the OBC list into groups, with 27% Mandal reservation apportioned among them in proportion to their share of the total backward caste population.

ð As a consequence, the “forwards among backwards”, who are seen to disproportionately corner the quota benefits, would be eligible for only one portion of the 27% quantum contrary to the present scenario when their share is unlimited.
The rest of the 27% quota would be the dedicated sub-quota for “most backward” groups which would help them avoid competing with “forwards among backwards”.

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