Current Affairs – August 2016

Aishwaryaa Dhanush appointed as UN Women’s Advocate for Gender Equality and Women’s Empowerment in India

Noted filmmaker Aishwaryaa Dhanush was appointed United Nations Women’s Advocate for Gender Equality and Women’s Empowerment in India.

In her new role she will help raise awareness of UN Women’s core message of gender equality and women’s empowerment across India.

Besides she will play important role in boosting the organisation’s efforts to close the gender gap and achieve a more equal world, a Planet 50-50 by the year 2030.

With this, Aishwaryaa joins other celebrities who have joined hands with U.N. Women to work for gender equality and the empowerment of women.

Some of them star Sania Mirza, actor-director Farhan Akhtar, British actor Emma Watson, Hollywood stars Nicole Kidman and Anne Hathaway and Princess Bajrakitiyabha Mahidol of Thailand.

Aishwaryaa Dhanush is superstar Rajinikanth’s elder daughter and actor Dhanush’s wife. She had started her career by working as an assistant to director and Dhanush’s brother Selvaraghavan in her debut film 3.


Union Cabinet approves creation of PDF to catalyse Indian economic presence in CLMV countries

The Union Cabinet has given its approval to create a Project Development Fund (PDF) for catalysing Indian economic presence in the CLMV countries viz. Cambodia, Laos Myanmar and Vietnam.

The PDF will have corpus of Rs 500 Crore and shall be housed in Department of Commerce. It will be operated through the EXIM Bank.

Key Facts

  • The PDF will be governed by an Inter-Ministerial Committee under the chairpersonship of the Commerce Secretary.
  • It will benefit India’s industrial community for business expansion in the CLMV countries.
  • Besides it will also help to maintain cost competitive supply chains, besides integrating with global production networks.


  • CLMV countries namely Cambodia, Laos, Myanmar and Vietnam have a unique position in the regional value chains in Southeast Asia region.
  • These countries offer a gateway for market access to China, European Union and other markets due to various trade agreements.


  • Thus, creation of Project Development Fund (PDF) will give key advantage position to India in securing regional value chains on a long term basis.
  • Besides, it will provide a dedicated market for Indian raw materials and intermediate goods and also a dedicated source of raw materials for Indian industry.