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Maharashtra is the biggest State economy in India

Maharashtra is the biggest economy stated by the credit rating agency Brickwork Ratings.The results are accounted in terms of gross state domestic report (GSDP).
Top 3 states in terms of GSDP
1. Maharashtra
2. Tamil Nadu
3. Uttar Pradesh
Top 3 states in terms of Tax revenues
1. Maharashtra (approximately 70 per cent of its total receipts through tax revenues)
2. Gujarat
3. Tamil Nadu
Rating Criteria: - political, economic, budgetary, financial and institutional parameters.
Other Findings
- Karnataka leads in the growth of services sector.
- Maharashtra’s infant mortality rate (IMR) of 25 is below the national average for all states.
- The three fastest-growing states are Bihar,Madhya Pradesh and Goa.

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106th rank for India in World Giving Index, 2014

According to the Charities Aid Foundation (CAF), India ranked 106th. Report shows that more than 334 million Indians helped a stranger, more than 183 million gave money and more than 156 million volunteered time. It also reveals that people donating to charity in 2014 had fallen to 20 per cent, down eight percentage points from 2013. Thus, they conclude that India has high proportion of donaters but not according to the population.
Top 3 counteries:
1. Myanmanr
2. United States of America
3. New Zealand
About Charities Aid Foundation (CAF)
-
CAF is an international non-profit organisation which promotes effective giving and philanthropy worldwide. 
- Mission: to motivate society to give ever more effectively, helping to transform lives and communities around the world.

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National Capital Goods Policy Launched by Govt of India.

A Scheme for enhancement of competitiveness in the Indian Capital Goods Sector has been launched which envisages a number of steps to improve competitivenes.These measures are expected to boost competitiveness of the indigenous Capital Goods Industry in the global market.
- Vision: “To increase the share of capital goods contribution from present 12% to 20% of total manufacturing activity by 2025”.
- Mission: 
1. Become one among top 10 capital goods producing nations of the world 
2. Raise exports to a significant level of at least 40% of total production.
- Objectives:
1. development of technology through interventions like setting up Centre of Excellence for technology development and financial intervention for acquisition/ transfer of technology. 
2. setting up of Common Engineering Facility Centre,   Integrated Industrial Infrastructure Facility and Test & Certification Centre for extending infrastructural facility to domestic capital goods industry.
What is Capital Goods sector ?
"Capital Goods” sector comprises of plant and machinery, equipment / accessories required for manufacture / production, either directly or indirectly, of goods or for rendering services,including those required for replacement, modernization, technological upgradation and expansion. It also includes packaging machinery and equipment, refrigeration equipment, power generating sets, equipment and instruments for testing, research and development, quality and pollution control.
Importance of Capital goods for country's economy– Capital Goods is considered as a strategic sector and development of domestic capabilities is essential from a national self-reliance and security perspective – Capital Goods sector has multiplier effect and has a bearing on the growth of user industries as it provides critical inputs, i.e., machinery and equipment to the remaining sectors covered under the manufacturing activity.

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New Functionalities released under National Pension System (NPS)

 Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the old age income security of subscribers. In this regard, recently many new functionalities have been released by the Central Record keeping Agency (CRA) to provide the ease of operation for the benefit of subscribers and nodal offices. 
detailed below:
1
. Contribution upload for shifted subscribers: Now, a POP can also upload the contribution for subscribers who have shifted from one of their associated Corporate to another associate Corporate.
2. One way switchCurrently, there is no provision for transfer of funds from Tier-II to Tier-I account. Now, the POP can process a subscriber request to transfer funds from Tier II to Tier I account.
3. Upload of unequal contribution for Govt. employees
4. Grievance resolution by monitoring office in CRA system
5. Functionality for capturing bank details and contact details of the nodal offices.
Advantages of Pension Plan,Retirement Plan, and Pension Scheme
Pension Plan: It provide financial security and stability during old age when people don't have a regular source of income.
Retirement Plan: It ensures that people live with pride and without compromising on their standard of living during advancing years.Pension Scheme: It gives an opportunity to invest and accumulate savings and get lump sum amount as regular income through annuity plan on retirement.
About National Pension System
- Monetory authority: Pension Fund Regulatory and Development Authority (PFRDA) 
- Launch on Jan,2004.
- Aim: to institute pension reforms and to inculcate the habit of saving for retirement amongst the citizens.
- Objective : to provide pension to all the citizens.
- The subscriber will be allotted a unique Permanent Retirement Account Number (PRAN) and this will be applicable allover India.

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National Investment and Manufacturing Zones (NIMZs)

Government has granted “in-principle” approval to a total of 20 National Investment and Manufacturing Zones (NIMZs). Of these, 12 NIMZs are located outside the Delhi-Mumbai Industrial Corridor (DMIC) region. These are: 

(i)    Nagpur in Maharashtra; 
(ii)    Tumkur in Karnataka; 
(iii)    Chittoor in Andhra Pradesh; 
(iv)    Prakasam in Andhra Pradesh; 
(v)    Medak in Telangana; 
(vi)    Kolar in Karnataka; 
(vii)    Bidar in Karnataka; 
(viii)    Gulbarga in Karnataka; 
(ix)    Jajpur in Odisha; 
(x)    Ramanathapuram in Tamil Nadu; 
(xi)    Auraiya in Uttar Pradesh; and
(xii)    Jhanshi in Uttar Pradesh. 
About National Investment and Manufacturing Zones (NIMZs)
- These are under the National Manufacturing Policy(NMP) by Department of Industrial Policy and Promortion.
- The National Investment and Manufacturing Zones are being conceived as giant industrial greenfield townships to promotecl world-class manufacturing activities.
- The central government will be responsible for bearing the cost of master planning, improving/providing external physical infrastructure linkages including rail, road, ports, airports and telecom,etc.
- The identification of land will be undertaken by state governments. State governments will be responsible for water requirement, power connectivity,etc.
About National Manufacturing Policy : 
The policy is the first of its kind for the manufacturing sector as it addresses areas of regulation, infrastructure, skill development, technology, availability of finance, exit mechanism and other pertinent factors related to the growth of the sector.
Objectives of the policy:
1
. An increase in manufacturing sector growth.
2. To create 100 million additional jobs by 2022 in manufacturing sector.
3. Creation of appropriate skill sets among rural migrants and the urban poor for inclusive growth.
4. Enhancing the global competitiveness of the Indian manufacturing sector.
5. Ensuring sustainability of growth, particularly with regard to environment.
6. Other key objectives of the policy include:
• Creation of National Investment and Manufacturing Zones
(NIMZs)
• Development of Small and Medium Enterprises (SMEs)
• Implementation of industrial training and other skill upgradation
measures
• Promotion of Green Manufacturing
• Rationalisation and simplification of business regulations
Other schemes realated industrial development 
1
. Modified Industrial Infrastructure Upgradation Scheme
2. Indian Leather Development Programme
3. Modified Comprehensive Powerloorn Cluster Development Scheme
4. Comprehensive Handlooms Cluster Development Scheme
5. Comprehensive Handicrafts Cluster Development Scheme
6. Integrated Skill Development Scheme for the textiles and apparels sector
including jute and handicrafts
7. Scheme for Integrated Textiles Parks
8.' Scheme for Mega Food Parks
9. Scheme of Cold Chain, Value Addition and Preservation Infrastructure
ib

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Govt of India Launched Inactivated Polio Vaccine (IPV)

Union Minister for Health and Family Welfare launched the injectable Inactivated Polio Vaccine (IPV) in India as part of its commitment to the “Global Polio Endgame Strategy”.
First Phase
- introduction of vaccine in six states, viz Assam, Gujarat, Punjab, Bihar, Madhya Pradesh, and Uttar Pradesh.
- IPV injection will be given to children below one year of age along with the third dose of the Oral Polio Vaccine (OPV) at the routine immunization sessions free of cost.
Advantages
- IPV and OPV together will further strengthen the children’s immune system and will provide double protection against polio.
- Its benefits will be added in the Mission Indradanush achievements.
Types of Polio Vaccine
1. Oral Polio Vaccine
2. Inactivated Polio vaccine: a. Also called the “Salk vaccine” as developed by Dr Jonas Salk. It consists of inactivated (killed) poliovirus strains of all three poliovirus types.
Advantages:As IPV is not a 'live' vaccine, it carries no risk of vaccine-associated polio paralysis and it triggers an excellent protective immune response in most people.
Mission Indradhanush
Ministry: Ministry of Health and Family Welfare (MOHFW)
Objective: to ensure that all children under the age of two years as well as pregnant women are fully immunized with seven vaccine preventable diseases.
Those 7 diseases are:
1. Diphtheria
2. Pertussis (Whooping Cough)
3. Tetanus
4. Tuberculosis
5. Polio
6. Hepatitis B
7. Measles.

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All India Council of Sports (AICS) constituted by Govt of India

The Minister of State (Independent Charge) for Youth Affairs & Sports, has constituted All India Council of Sports (AICS) headed by Prof V.K. Malhotra as its President in the rank of Minister of State. Its members include eminent sports persons and coaches like Shri Sachin Tendulkar, Smt. P.T. Usha, Shri Limba Ram, Ms. N. Kunjarani Devi, Shri I.M. Vijayan, Shri P. Gopichand, Shri Baichung Bhutia and Shri Vishwanathan Anand. The salient aims & objectives of the Council are as follows:
1 popularising sports amongst youth as a way of life; 
2 increasing outreach of sports to rural and tribal areas, and areas affected by Left Wing Extremism (LWE), North East and Jammu & Kashmir;
3matters relating to promotion of inclusiveness in sports with special focus on women, differently-abled, tribals, etc.;
preventing drug abuse in sports, fraud of age and sexual harassment of women in sports;
5.early identification of sports talent and nurturing of the identified talent; and
6 Integration of sports in educational curriculum in schools, colleges and universities.
Some other schemes launched in 2015
1. Scheme of Human Resources Development in Sports
2. Scheme of Assistance for the creation of Urban Sports Infrastructure
3. Scheme for Rashtriya Khel Protsahan Puruskar

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BRICS Media Summit 2015 Hosted by China.

This summit is hosted by China. with theme is "Innovation, Development, Cooperation and Trust" 
Agenda: reaching consensus to help deal with issues like terrorism and climate change as well as rapid technological changes. 
About BRICS
- members: Brazil,Russia,India,China,South Africa
- Its importance: 
1. Represent over 3 billion people, or 42% of the world population.
2. he five nations have a combined nominal GDP of US$16.039 trillion, equivalent to approximately 20% of the gross world product, and an estimated US$4 trillion in combined foreign reserves.
- Objective: to encourage ommercial, political and cultural cooperation between the BRICS nations.
- Till now 7 meetings have held and last was in Ufa,Russia.
- First meeting was in Yekaterinburg,Russia.
- Next meeting will be held in 2016 in India.

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Barak-8 missile tested developed by India and Israel

Long Range Surface-to-Air Missile (LRSAM) was successfully flight-tested for the first time from an Israeli Naval Platform. The missile is co-developed by India and Israel.
About Barak-8 Missile
- The missile system is designed to provide protection against a broad of threats,including cruise missiles, warplanes, shore-based missiles etc.
- System is developed by India defense R&D organization DRDO and the Ministry of Defense Adminstration.
- Missile aimed himself at the target made an accurate hit and destroy it completely.

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HSBC is going to shut down private banking business in India

      

HSBC  is  going to shutting down  its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia’s third-largest economy.
About HSBC Bank
- British multinational banking and financial services company.
- Headquarter: London
- Establishment: First established on 3rd march 1865; in Hongkong
- It is the  world's fourth largest bank by total assets.
- HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Retail Banking and Wealth Management; and Global Private Banking.

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