Ministry of Commerce and Industry Current Affairs

Index of Eight Core Industries register 3.6% growth in May 2018

According to Index of Eight Core Industries released by Ministry of Commerce and Industry, the growth of eight core infrastructure industries has dropped to 10-month low of 3.6% in May 2018 due to decline in production of crude oil and natural gas. This is the lowest growth rate since July 2017 when eight core infrastructure industries had expanded by 2.9%. The growth rate recorded in April 2018 stood higher at 4.6%.  In April and May 2018, the eight industries recorded 4.1% growth compared to 3.3% in same period in 2017.

Sector wise breakaway in May 2018

Core industries

Core industries can be defined as main or key industries of the economy. In most countries, these particular industry are backbone of all other industries. In India, there are eight core sectors comprising of coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity. The eight infrastructure sectors, constitute 40.27% of the total index of industrial production (IIP).

Revised weightage in core sectors: Petroleum Refinery production (weight: 28.04%), Electricity generation (19.85%), Steel production (17.92%), Coal production (10.33%), Crude Oil production (8.98%), Natural Gas production (6.88%), Cement production (5.37%), Fertilizers production (2.63%).

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ReUnite Mobile app launched to trace missing children

The Union Minister of Commerce & Industry and Civil Aviation has launched mobile application “ReUnite” in New Delhi to track and trace missing and abandoned children in India. The app is available for both Android and iOS. It has been developed by Nobel Laureate Kailash Satyarthi‘s NGO Bachpan Bachao Andolan and IT company Capgemini.

Key Facts

The ReUnite app is multiuser where parents and citizens can upload pictures of children and provide detailed description like name, address, birth mark, search and identify missing kids and report to the police station. It uses Amazon Rekognition, a web based facial recognition service to identify missing kids. The photographs uploaded on the app will not be saved in the mobile phone’s physical memory.

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