Current Affairs - January, 2019

Latest Current Affairs January, 2019 with Current Affairs, news summary on current events of National and International importance of January, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Horticulture Production in India

The Ministry of Agriculture & Farmers Welfare has released the final estimates for 2017-18 and the first estimates for 2018-19 of area and production of horticulture crops.

Findings from the Estimates

The important findings from the estimates are:

  • India’s horticulture production is estimated to rise by 1 per cent to record 314.67 million tonnes in 2018-19 on the higher area.
  • The final estimates of the 2017-18, horticulture production stood at record 311.7 MT, which is 3.7 per cent higher than the previous year and 10 per cent higher than the past five years.
  • The estimates put forward that area under coverage increased to 25.87 million hectares from 25.43 million hectares.
  • The Production of Onion in 2018-19 is likely to be around 23.62 million tonnes (MT) as against 23.26 MT in 2017-18.
  • The Production of Potato in 2018-19 is likely to be around 52.58 MT as against 51.31 MT in 2017-18.
  • The Production of Tomato in 2018-19 is likely to be around 20.51 MT as against 19.76 MT in 2017-18.
  • The production of fruits is estimated to be at 97.35 MT and that of vegetables at about 187.5 MT.

The estimates are based on the information received from different states and Union territories.

Month:  Categories: Business, Economy & Banking

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Renaming of Department of Industrial Policy and Promotion (DIPP)

The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade.

Mandate for the Newly Named Department

The newly named department will work under the Union Ministry of Commerce. The order issued by the President states that the department would deal with matters related to start-ups, facilitating ease of doing business among others.

The subject matter of internal trade which was under the ambit of the Ministry of Consumer Affairs has been transferred to the newly named department.

With this new mandate, both internal and external trade has been brought under a single Ministry (Ministry of commerce and industry). This will ensure better coordination and help in promoting the growth of both segments of the trade.

Why the new mandate?

For a long time Confederation of All India Traders Association (CAIT) was demanding for a separate Ministry of Internal Trade. CAIT sees the creation of a separate department by merging Internal and external trade is a step forward in the creation of a separate Ministry.

Month:  Categories: Governance & Politics

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