Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

IIP rises to 9-month high of 4.3% in August 2017

According to data released by Central Statistics Office (CSO), factory output measured in terms of Index of Industrial Production (IIP) has grown nine-month high to 4.3% in August 2017. This was mainly due to a robust performance of the mining and power sectors.

Key Facts

The manufacturing sector output grew 3.1% in August 2017, mining sector output surged 9.4% and electricity generation increased 8.3%. Production of capital good rose 5.4% in August 2017. Consumer durables output increased 1.6% and consumer non-durables output rose 6.9% in August 2017.

Index of Industrial Production (IIP)

The IIP is composite indicator that measures short-term changes in volume of production of basket of industrial products during given period with respect to chosen base period. It is compiled and published monthly by Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation.

The CSO had revised base year of IIP from 2004-05 to 2011-12 in May 2017 to capture structural changes in economy and improve quality and representativeness of indices. The revised IIP (2011-12) reflects changes in industrial sector and also aligns it with base year of other macroeconomic indicators like Wholesale Price Index (WPI) and Gross Domestic Product (GDP).

The IIP covers 407 item groups. Sector wise these items falls into 3 categories viz. Manufacturing (405 items), Mining (1 items) & Electricity (1 item). The weights of three sectors are 77.63%, 14.37%, 7.9% respectively. The revised eight core Industries have combined weightage of 40.27% in IIP.

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October 13: International Day for Disaster Reduction

The International Day for Disaster Reduction (IDDR) is observed every year on October 13 to promote a global culture of risk-awareness and disaster reduction. The observance of day seeks to encourage citizens and governments to take part in building more disaster resilient communities and nations.

It also celebrates how people and communities around world are reducing their exposure to disasters and raising awareness about the importance of reining in risks that they face.  It also seeks to spread awareness about reining risks of disasters around world and also reduce exposure of people and communities to disasters.

The 2017 theme is “Home Safe Home: Reducing Exposure, Reducing Displacement”. It seeks to raise global awareness about effective actions, policies and practices taken to reduce exposure to disaster risk at community level, thereby contributing to saving homes and livelihoods.

Background

The International Day for Disaster Reduction was instituted by UN General Assembly (UNGA) in 1989 to promote a global culture of risk-awareness and disaster reduction. Earlier, this day was celebrated annually on the second Wednesday of October. But in 2009, the UNGA formally designated 13 October as the annual date by adopting Resolution 64/200.

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