UK Current Affairs

Mauritius was largest source of FDI in India in 2016-2017: RBI

According to Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by Reserve Bank of India (RBI), Mauritius was largest source of foreign investment (FDI) in India.

The census yields carry comprehensive information on market value of foreign liabilities and assets of Indian companies arising on account of FDI, ODI and other investments.

Key Facts

Mauritius was largest source of FDI in India (21.8% share at market value) followed by USA, UK, Singapore and Japan. Singapore (19.7%) was major ODI destination, followed by Netherlands, Mauritius, and US.

18,667 companies had participated in census, of them 17,020 had FDI/overseas direct investment (ODI) in their balance sheets in March 2017. 96% of responding companies were unlisted in March 2017 and most of them had received only inward FDI.

Unlisted companies had higher share of FDI equity capital vis-a-vis listed companies. Further, over 80% of 15,169 companies that reported inward FDI were subsidiaries of foreign companies (single foreign investor holding over 50% of total equity).

The manufacturing sector accounted for nearly half of total FDI at market prices, information and communication services (ICTS) and financial and insurance activities were other major sectors that attracted FDI. Total sales, including exports, of foreign subsidiaries in India increased by 18.7% during 2016-17 whereas their purchases, including imports, increased by 20.1%.

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Scientists develop new way to fight drug resistant superbugs

Scientists from the University of Birmingham and Newcastle University in the UK have new way of removing antibodies from the blood stream.

This method has potential to reduce chronic infections that may help humans in the fight against drug resistant superbugs.

Key Facts
  • Scientists had used a process known as plasmapheresis that is somewhat like kidney dialysis. It involved the removal, treatment, and return of blood plasma from circulation.
  • It was done five times in a week in order to remove antibody from two patients with bronchiectasis who had suffered with chronic Pseudomonas aeruginosa infections resistant to many antibiotics.
  • Using this process, scientists replaced antibodies in these patients with those from blood donations. This treatment restored ability for the patients’ blood to kill their infecting Pseudomonas aeruginosa infections.
What is Antimicrobial resistance (AMR) or superbugs?

Antimicrobial resistance happens when microorganisms such as viruses, bacteria, fungi and parasites change when they are exposed to antimicrobial drugs. These microorganisms are also termed as “superbugs”. As a result, the medicines or drugs become ineffective and infections persist in the body futher increasing the risk of spread to others.

Threats

AMR has become one of the biggest threats to global health and endangers other major priorities, such as human development. All around the world, many common infections have become resistant to antimicrobial medicines used to treat them which resulted in longer illnesses and more deaths. At the same time, not enough new antimicrobial drugs especially antibiotics are being developed to replace older and increasingly ineffective ones.

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