Current Affairs - September, 2018

Latest Current Affairs September, 2018 with Current Affairs, news summary on current events of National and International importance of September, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Mauritius remains top source of FDI into India in 2017-18: RBI

According to Reserve Bank of India (RBI) data, Mauritius was top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore. The total FDI in FY 18 stood at $37.36 billion in financial year which was marginal rise over $36.31 billion recorded in the previous fiscal 2016-17.

Key Facts

FDI from Mauritius was $13.41 billion in 2017-18 as against $13.38 billion in previous year. FDI inflows from Singapore rose to $9.27 billion from $6.52 billion. FDI from Netherlands has declined marginally to $2.67 billion as against $3.23 billion.

FDI into manufacturing sector had witnessed substantial decline to $7.06 billion, as against $11.97 billion a year earlier. FDI into communication services had rose to $8.8 billion in 2017-18 from $5.8 billion. The inflows into retail and wholesale trade increased to $4.47 billion as against $2.77 billion.

FDI in financial services too saw rise to $4.07 billion from $3.73 billion in the previous year. These sectors accounted for more than 50% of total FDI of $37.36 billion in 2017-18 reflects global interest in new areas, including online marketplaces and financial technologies.

Month: Categories: Business, Economy & Banking

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MOVE Cyclathon organized by NITI Aayog to promote clean mobility

National Institution for Transforming India (NITI) Aayog flagged off cycle rally MOVE Cyclathon to spread message of clean mobility to the Indian public and promote cleaner, accessible modes of transport. The cyclathon was held in run up to MOVE: Global Mobility Summit scheduled to be held on September 7, 8 in New Delhi.

Key Facts

The event was aimed at promoting cycling for healthier life & less polluting city and spread message of a shared, connected, and zero-emission mobility in the country. It was organized as part of ‘Mobility Week’ which will see 17 events in seven days from 31 August to 6 September 2018. These events are aimed to facilitate interactions with various stakeholders across the mobility domain.

MOVE: Global Mobility Summit

It is the first of its kind summit to be organized by NITI Aayog, in collaboration with various ministries and industry partners to promote new cleaner, accessible modes of transport.  It is aimed at bringing together and engaging with key stakeholders within rapidly transforming global mobility landscape and evolve public interest framework for shared, connected, zero emission agenda for the future. It also aims to encourage synergies between indigenous industries such as automobile manufacturing, information technology, electronics, telecommunications to integrate with global supply chains. It also envisages mobility as key driver for generating employment, providing innovative solutions to improve efficiency and efficacy of transport sector and accelerate economic growth. It will help to drive government’s goals for vehicle electrification, renewable energy integration and job growth and also speed up India’s transition to a clean energy economy.

Month: Categories: Governance & Politics

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