Mutual fund AUM grew by Rs 55,000 cr in Gujarat
Riding on fresh inflows to equity-linked mutual funds and increasing net asset value, overall assets under management (AUM) for mutual funds (MFs) in Gujarat increased by Rs 55,201 crore in just eleven months. With this, total AUM for MFs in Gujarat breached the Rs 2.5 lakh crore-mark to touch Rs 2.57 lakh crore in September 2021, according to data by Association of Mutual Funds in India (AMFI).
In Gujarat, overall AUM breached the Rs 2 lakh crore mark in November 2020. Since then, AUM for equity MFs alone increased by Rs 44,440.65 crore, driven by sustained SIP inflows, and fresh inflows by investors drawn lured by attractive returns.
World Statistics Day Is Celebrated On 20 October
World Statistics Day is observed worldwide on 20 October to highlight the Fundamental Principles of Official Statistics achievements.
The celebration of World Statistics Day 2021 is organized under the guidance of the United Nations Statistical Commission.
The UN General Assembly adopted 20 October 2010 as the first-ever World Statistics Day under the general theme “Celebrating the many achievements of official statistics.
In 2015, 20 October was the second World Statistics Day under the general theme “Better data, better lives,”.
The primary significance of world statistics day is that statistics make things easier and faster.
Mercer CFS Global Pension Index Survey
Mercer Consulting has released the 13th edition of the Mercer Global Pension Index, in which India has been ranked at 40th position out of 43 countries
In 2020, India was placed at 34th position out of 39 pension systems.
MCGPI is a yearly survey by Mercer Consulting to benchmark the retirement income system.
MCGPI uses three sub-indices, adequacy, sustainability and integrity.
These are used to measure each retirement income system against more than 50 indicators.
Mercer published the Index in collaboration with CFA Institute and the Monash Centre for Financial Studies.
The MCGPI is measured among 43 countries and Iceland has the 1st position with an index value of 84.2.
Netherlands with 83.5 and Norway with 82.0 follows Iceland in the Index
The lowest position is Thailand with the index value at 40.6.
World Osteoporosis Day Is Honored On 20 October
The World Osteoporosis Day (WOD) is observed yearly on 20 October, aims to raise global awareness of Osteoporosis.
WOD is organized by the International Osteoporosis Foundation (IOF) by launching a year-long campaign.
In 2021, the Global World Osteoporosis Day theme is “Serve Up Bone Strength”.
Osteoporosis is a growing global problem worldwide as it affects one in three women and one in five men over the age of 50.
WHO Global TB Report
The World Health Organization released a Global TB report on 14 October which mentioned India as the worst-hit country in TB elimination.
The World Health Organisation (WHO) has issued the ‘Global TB report for 2021, highlighting the effects of COVID-19 on 14 October.
This led to a massive reversal in the progress of Tuberculosis (TB) elimination.
The report also mentioned India as the worst-hit country in TB elimination.
The detection of new TB cases will have a significant impact in 2020.
A dramatic reduction of 20% TB cases was witnessed in 2020 compared to 2019, i.e., a gap of 4.1 million cases.
The growth in TB detection has declined to 2012, with India estimating that 41% of the total case drops in 2020.
First Solar Exploration Satellite Launched By China
China has triumphantly launched its 1st solar exploration satellite into space from the Taiyuan Satellite Launch Center.
It is in northern Shanxi Province aboard a Long March-2D rocket.
The satellite was named ‘Xihe’, the goddess of the sun who created the calendar in ancient Chinese mythology.
It is also known as the Chinese Hα Solar Explorer (CHASE).
The satellite was finished by the China Aerospace Science and Technology Corporation (CASC).
Trust Deed Signed Between Govt And NABARDs To Promote FPOs
The NABARD has dedicated a Rs 1000 crores fund to around 10,000 farmer producer organisations (FPOs).
This dedicated fund will be given under the “Credit Guarantee Fund Trust for FPOs” (CGFTFPO).
CGFTFPO Trust has been approved by officials of the Ministry of Agriculture & farmers welfare and NABSanrakshan (NTPl) of NABARD and registered in Mumbai.
The central government launched a scheme called “Formation and promotion of 10000 FPOs” in February 2021, with a clear strategy and committed resources for promoting 10000 new FPOs in India.
Geospatial Energy Map Of India Launched By NITI Aayog
NITI Aayog began the Geospatial Energy Map of India on 18 October.
Geospatial Energy Map of India provides a picture of all energy resources like oil & gas wells, petroleum refineries, conventional power plants, coal fields and coal blocks.
This platform has been launched to unite energy data scattered across several organizations.
It will present consolidated data in a visually appealing graphical manner.
NITI Aayog has started the Geospatial Energy Map in collaboration with the Indian Space Research Organisation (ISRO).
GIS mapping of energy assets will help secure real-time and collaborative planning of the energy sector in India, analyzing its interdependence and sizable geographical distribution.
- GPSC Mains 2022 Tests and Notes Program
- GPSC Prelims Exam 2022- Test Series and Notes Program
- GPSC Prelims and Mains 2022 Tests Series and Notes Program
- GPSC Detailed Complete Prelims Notes 2022