Services Current Affairs - 2019
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India has attracted reaching US $208.99 billion foreign direct investment (FDI) during April 2014 to December 2017 period. The main sectors that received maximum FDI include services, computer software and hardware, telecommunications, construction, trading and automobile.
Foreign investments are considered crucial for India as it needs around 1 trillion dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth. Strong inflow of foreign investments mainly helps to improve the country’s balance of payments (BoP) situation and also strengthen the rupee value against other global currencies, especially dominant US dollar. To attract inflow of foreign investments, the central government has announced several measures including liberalisation of FDI policy and improvement in business climate.
Services has won the 70th edition of Santosh Trophy Football Championships title 2016 by defeating hosts Maharashtra.
In the final match played at SEC Railway Stadium, Nagpur (Maharashtra), the Services defeated host team Maharashtra by 2-1 goal score.
For the winning team two goals were score by Tudu in the space of 11 minutes (26th and 37th). For Maharashtra, the single goal was scored by Mohammed Shabaz in the 15th minute.
With this win, Services has retained that title and has won it for fifth time in year 1961, 2012, 2013 and 2015.
About Santosh Trophy
- It is an annual Indian football tournament played in India.
- Founded: 1941.
- Trophy is named after the late Maharaja Sir Manmatha Nath Roy Chowdhary of Santosh (that is now in Bangladesh).