Bangladesh-Maldives sand deal postponed

Bangladesh and Maldives have deferred the sand deal they were planning to ink in 2011.

What was to be signed in the deal?

  • Both the nations had planned to ship sand to Maldives which is facing serious threat of being deluged if the sea level rises by even 1 metre.
  • Bangladesh was ready to provide them sand from their rivers. The sand was to be used in raising the level of land in Maldives in defense against rising sea level.
  • In 2008, Maldives had announced that it will set up a sovereign wealth fund with tourism revenue to relocate people if sea level rises.
  • The island nation even had plans to buy land in India, Australia and Sri Lanka to tackle the problem.

Month: Categories: International Current Affairs 2018


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%.

Month: Categories: India Current Affairs 2018