States Current Affairs - 2020

Current Affairs 2019-2020 of all States with latest updates. Current Affairs will list latest developments, issues in all states and may be useful for State PCS / Civil services examinations of various states of India.

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Gujarat tops in private sector investments across India

As per an analysis titled ‘Composition of Outstanding Investments Across States,’ carried out by Assocham, Gujarat has the biggest share of 12.5% in total outstanding private sector investments ((including both domestic and foreign private sectors) across India as of June 2012. As per the analysis top 4 states are:

  1. Gujarat (12.5%)
  2. Odisha (10.7%)
  3. Maharashtra (8.9%)
  4. Andhra Pradesh (8%)

With a share of over Rs 82.9 lakh crore, the private sector accounts for over 59% of the total outstanding investments across India worth over Rs 140 lakh crore as of June 2012.
Kerala, Himachal Pradesh, Jammu and Kashmir, Uttarakhand and Assam have the smallest share of less than 1%.

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10 % disinvestment in NMDC approved

The Cabinet Committee on Economic Affairs (CCEA) gave its nod to a 10% stake sale of the Centre’s equity holding in NMDC (National Mineral Development Corporation) through the ‘offer for sale’ route. The sale is expected to fetch about Rs.7,000 crore.

The selling will be through ‘Offer for the sale through stock exchange’ (OFS) method, as per SEBI Rules and Regulations. The step is in line with government’s aim to achieve disinvestment Govt target of Rs.30,000 crore for 2012-13.

About NMDC

  • India’s largest iron ore producer and exporter.
  • imageOperates from 3 fully mechanized mines in Chhatisgarh and Karnataka.
  • Operates the only mechanised diamond mine in Asia at Panna in Madhya Pradesh.

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