MoU between Ministry of MSME & Textiles
Memorandum
of Understanding (MoU) has been signed among Ministry of Textiles,
Ministry of Micro, Small & Medium Enterprises (MSME) & National
Textile Corporation (NTC) in order to set up a Technology Centre (Tool
Room) at Kanpur. Under the MoU, Ministry of MSME will fund the project,
while NTC would provide the land in a closed, unviable mill. The
Management of Technology Centre will be through a Governing Council
where Development Commissioner, MSME will be Chairman and Ministry of
Textiles representative, co-chair. The Technology Centre would provide
support in manufacturing of quality tools that would improve
productivity of MSMEs and also provide trained manpower and consultancy
in related areas.
NSE agreement with London Stock Exchange
India’s
National Stock Exchange (NSE) has done an agreement with London Stock
Exchange Group (LSEG) to ensure close collaboration between the two
bourses for setting up a research centre. The joint research centre, is
expected to launch products and services on a range of capital market
matters. It also aims to explore further collaboration between the group
companies, including indexes and debt market development, within the
prevailing regulatory frame work.
India ranks 4th in black money outflows
India
has been placed at fourth position in black money outflows among the
developing and emerging economies. It was revealed by Global Financial
Integrity’s (GFI’s) Illicit Financial Flows from Developing Countries:
2004-2013 Report. China tops the list with 139 billion dollars average
outflow of black money per annum. It was around 258.64 billion dollars
in year 2013. China was followed by Russia (104 billion dollars per
annum) and Mexico (52.8 billion dollars per annum). In case of India, 51
billion dollars black money outflowed per annum between the decade long
period from 2004 to 2013.
Angela Merkel – 2015 Time’s Person of the Year
Time
magazine has named German Chancellor Angela Merkel as Person of the
Year 2015. She was named for her role in Europe’s crises over migration
and Greek debt as she had provided steadfast moral leadership in a world
where it is in short supply. With this, Merkel became only the 4th
woman since 1927 to be named winner and the first women to feature in 29
years. Islamic State (IS) leader Abu Bakr al-Baghdadi was named
runner-up and US Presidential hopeful Donald Trump was placed.
Carolina Marin as Female Player of the Year
World
number one women shuttler Carolina Marin from Spain has won the 2015
Female Badminton Player of the Year award. She was presented with the
award by the Badminton World Federation (BWF) President Poul-Erik Hoyer
in Dubai. India’s Saina Nehwal along with Zhao Yunlei of China (2014
winner) and another Chinese Bao Yixin were in race for this annual award
in Female category. Carolina MarÃn is currently ranked No. 1 in the
world by Badminton World Federation Women’s Singles 2015 rankings. She
has won in World Championships in women’s single category two times in
2014 and 2015 respectively. She also has won five World Superseries
titles. Male Player of the Year award has won by Chen Long (China).