Daily : November 3, 2017

Edristi Navatra Current Affairs October-2017

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doing business 2018

Doing Business Index -2018

Question: According to the report ‘Doing Business Index -2018’ released by the World Bank and International Finance Corporation on October 31, 2017.The position of India in this list is:
(a) 130th
(b) 30th
(c) 115th
(d) 100th
Answer: (d)
Related Facts:

  • On October 31, 2017, the 15th report ‘Doing Business-2018’ was released by the Washington-based World Bank and International Finance Corporation.
  • The central theme of this year’s report is ‘Reforming to Create Jobs’.
  • In the report released for year-2018, the economy of 190 countries has been included.
  • In the Doing Business Index -2018 report, New Zealand has been ranked top with 86.55 followed by Singapore (Score-84.57) second, Denmark (Score-84.06) third, Korea Republic (Score-83.92), fourth and Hong Kong (Score-83.44) fifth.
  • This index includes Somalia (190th place), Eritrea (189th), Venezuela (188th), Southern Sudan (187th) and Yemen Republic (186th place) as countries with the lowest trade regulatory environment.
  • In the Doing Business Index 2018, India secured 100th position (Score-60.76).
  • Last year India was ranked 130th.
  • Among BRICS countries, Russia ranked 35th, China 78th, South Africa 82nd and Brazil ranked 125th.
  • For the ease of business in BRICS countries, the highest improvement was done in India compared to the previous year.
  • Among neighboring countries to India Bhutan is at 75th rank, Nepal is at 105th, Sri Lanka is at 111th, Pakistanis at 147th, 177th in Bangladesh is at 177th, and Afghanistan secured 183rdplace.
  • According to the World Bank report, high ranking means that the government of that particular country has provided a favorable regulatory environment for doing business, while the low ranking reflects the adverse environment of the business.

Reference:
http://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB2018-Full-Report.pdf
http://www.doingbusiness.org/questionnaires
http://www.doingbusiness.org/

Arun Jaitley to head panel for consolidation of PSBs

Committee set up for review of merger proposal of public sector banks

Question: A committee has been set up under whose chairmanship to review of merger proposal of public sector banks?
(a) Arun Jaitley
(b) Rajiv Kumar
(c) Nirmala Sitharaman
(d) Piyush Goyal
Answer: (a)
Related Facts:

  • On October 30th, 2017, Central Government has made improvements in public sector banks to pursue further; the Ministerial Committee has been constituted under the chairmanship of Finance Minister Arun Jaitley.
  • Committee will consider the merger proposal of public sector banks.
  • Other members of the committee include Railway and Coal Minister Piyush Goyal and Defense Minister Nirmala Sitharaman.

Reference:
https://economictimes.indiatimes.com/industry/banking/finance/banking/government-sets-up-arun-jaitley-led-panel-on-psu-bank-mergers/articleshow/61340791.cms
https://hindi.news18.com/news/business/finance-minister-arun-jaitley-to-head-panel-for-consolidation-of-psbs-1152084.html
http://www.thehindubusinessline.com/money-and-banking/govt-sets-up-jaitleyled-panel-on-psb-mergers/article9932575.ece

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