Reports & Indices Current Affairs - 2020

This category comprises Current Affairs 2019-2020 related to various reports and indexes / indices by National and International Bodies and organizations such as World, Bank, World Economic Forum, NITI Aayog and various other educational and research organizations. We also place report highlights of various committees and commissions in this category.

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IISS Study: World Defence spending biggest in 10 years

On February 14, the International Institute of Strategic Studies released its report on Defence Spending all over the world. The report was titled “Military Balance”. According to the report, the global spending rose by 4% in 2019. This is the largest growth in 10 years.

Highlights

The report also says that the Defence race between China and US has increasing alarmingly. The Military Modernization Programme in China has led to developing new hard to detect Hypersonic missiles. This has kindled US to spend alarmingly towards its Defence Programmes. In 2018-19 the United States has spent 53.4 billion USD towards its Defence Programmes.

Relative Spending

Out of all the countries, China and US has increased the spending by 6.6%. The Europe spending has increased by 4.2%. This is the first time Europe has seen increased levels of spending since financial crisis in 2008.

NATO members

US is constantly complaining that the NATO members are not contributing enough towards Defence spending. US had earlier accused Germany for not living up to the 2014 NATO pledge. According to the NATO pledge the member nation should contribute 2% of its GDP to Defence.

International Institute for Strategic Studies

The IISS is a British Research Institute that was established in 1997. The IISS was ranked the 10th best institute in the world by the Global Go To Think Tank Index. It is also the second best Defence and National Security think tank globally.

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Public Enterprises Survey: Air India, MTNL, BSNL highest loss makings PSUs in FY19

On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the net profit from the PSUs has increased by 15.5% as compared to the previous year.

Highlights

The survey said that Indian Oil Corporation, NTPC and ONGC were the top three profitable PSUs in 2018-19. On the other hand, MTNL, BSNL and Air India were the highest loss-making PSU. Also, the survey noted that these three PSUs have been making losses for three consecutive years.

The report also said that total income from Central Public Sector Enterprises (CPSE) in the year 2018-19 was 24 lakh crore rupees. It was 20 lakh crore rupees the previous year. There has been an increase of 4.67%

Relative performance

The enterprises such as MSTC, Chennai Petroleum Corporation and State Trading Corporation that were making profit last year (2017-18) incurred loss in the fiscal year 2019 (2019-19).

There are a total of 348 CPSEs. Out of these 249 are operational, 13 are under closure or liquidation and 86 are under construction.

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