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FALL IN EXPORTS PROJECTED TO BE WORST SINCE 1952-53
1.Merchandise exports this fiscal are projected to fall around (-) 16 per cent over the previous financial year.
2.This will be the second worst export performance since independence, according to official data.
3.Only in 1952-53, exports had fared worse when it shrank (-) 18.7 per cent. In the 68 years since independence, the country’s exports have been in the negative growth territory only on 14 other occasions.
4.Shipments during April-November this fiscal had shrunk (-) 18.46 per cent to $174.3 billion from $213.8 billion during the same period in 2014-15. So officials are expecting a minor recovery in the last four months of this financial year that will in turn help reduce the contraction to (-) 16 per cent for 2015-16.
5.In value terms, exports – with a (-) 16 per cent contraction — will end this fiscal at around $260 billion, the lowest since the shipments broke the $300 billion-mark for the first time — in 2011-12 with $305.96 billion.
JAVEED AHMED APPOINTED AS NEW U.P. POLICE CHIEF
1.A 1984-cadre of the Indian Police Services, Javeed Ahmed, was appointed as the new Director General of Police in Uttar Pradesh on Friday.
2.Mr. Ahmed, 55, replaced Jagmohan Yadav, who retired on Thursday after 32 years of service. While Mr. Yadav, a 1983-batch officer retired after only six months as DGP, Mr. Ahmed has five more years of service. Mr. Ahmed was serving as the DG Railways in Lucknow. The Patna-born officer enjoys a clean image and a good record in policing. He also served as a joint director in the Central Bureau of Investigation during his central deputation.
3.Mr. Ahmed is also the second Muslim DGP in the three-and-a-half year rule of the Samajwadi Party. Rizwan Ahmed served as the DGP from January 1, to February 28, 2014.
CONGRESS POSTS MAJOR VICTORY IN CHHATTISGARH
1.The Congress on Thursday dealt a severe jolt to the ruling Bharatiya Janata Party (BJP) winning seven of the 11 local bodies, elections to which were held on Monday.
2.While the BJP, in power in Chhattisgarh for the last 15 years, could win just four Nagar Panchayats; the Congress bagged four Nagar Palika (municipalities) and three Nagar Panchayat (city councils).
3.In Baikunthpur, Congress’s Ashok Jaiswal defeated BJP’s Shailesh Shivhar by more than 1,000 votes for the post of Mayor. Here the Congress returns to office after 12 years.
4.In Shivpur Charcha, Congress’s Ajit Lakda defeated BJP’s Rajesh Singh by 700 votes. In Rajnandgaon, Congress’s Mira Chopra won the Khairagarh Palika presidentship, defeating BJP’s Preeti Tamrakar by 900 votes.
TEMPLE DRESS CODE COMES INTO FORCE FROM 1 JAN
1.Devotees entering temples in Tamilnadu will have to follow a new dress code from 1 January as several important shrines have put up notice boards highlighting this.
2.The dress code for entering the temples was being followed on the orders of the Madras High Court early this month, officials said.
3.According to a notice board outside the Palani temple, male devotees have been advised to wear dhoti, shirt, pyjama or pant and shirt while women and girls should wear saris or churidhar or ‘pavadai’ with half-sari.
4.Devotees wearing lungi, bermudas, jeans and tight-leggings will not be allowed, it said.
KHANDAPARA TO BE TRANSFORMED INTO FIRST CHILD-FRIENDLY ASSEMBLY CONSTITUENCY
1.Khandapara of Nayagarh district is being envisioned to be transformed into first child-friendly Assembly constituency in Odisha.
2.This project has been taken up in this assembly constituency since Dec 22, 2015 as a joint venture of UNICEF, local district administration and social organisation Youth for Social Development.
3.The aim of this project is to make local self-governments in this Assembly constituency accountable to ensure provision of rights of children of the region.
4.Youth activists of the YSD, who have ample experience in working with slum children of Berhampur are providing technical support to increase community participation skills of children as well as to make elected representatives of local bodies conscious about rights of children of their locality.
5.Child rights gram sabha process would be promoted through which adolescents and children would directly meet their panchayat level elected representatives and share views during decision making process on issues that matter children.
RUPEE AMONG BEST OF ASIAN CURRENCIES IN 2015
1.Rupee turned out to be one of the best performers in 2015 among all Asian and BRICS currencies, excluding yen.
2.The currency’s depreciation of about five per cent against the dollar was less than the losses of most of its other Asian peers. The Indian rupee fared better in 2014, when it weakened by only two per cent.
3.The currency was stable when the U.S. raised the benchmark interest rate and has actually strengthened against the dollar since then.
4.Its Asian counterparts like the Indonesian rupiah weakened by 11.30 per cent and the Thai baht depreciated 9.5 per cent against the dollar. Only the Chinese currency fared marginally better, losing only 4.6 per cent.
Among the BRICS nations also the Indian currency fared well. The Brazilian real depreciated 49 per cent against the dollar while the South African rand declined 34.75 per cent.
IAS OFFICER ASHOK KHEMKA GETS PROMOTION
1.Senior IAS officer Ashok Khemka who had cancelled the mutation of a land deal between a firm owned by Sonia Gandhi’s son-in-law Robert Vadra and realty major DLF, was among six officers promoted to the rank of Financial Commissioner and Principal Secretary by the Haryana government on Friday.
2.Mr. Khemka is currently posted as Secretary and Director-General, Archaeology and Museums Department of the Haryana Government.
3,The other five IAS officers of 1991 batch who have been promoted to the rank of Financial Commissioner and Principal Secretary are Abhilaksh Likhi, Vineet Garg, Anil Malik, AK Singh and Shrikant Walgad said a senior official here.
BENEGAL TO HEAD CBFC REVAMP PANEL
1.The Union Information and Broadcasting Ministry constituted a committee, headed by the film-maker Shyam Benegal, on Friday to suggest measures to help Board members understand the nuances of film certification.
2.A press note from the Ministry said the recommendations of the committee were expected to provide a holistic framework for those certifying films.
AMBEDKAR MUSEUM TO COME UP AT AMARAVATI
1.The Andhra Pradesh government plans to set up a grand museum in memory of Dr. Babasaheb Ambedkar at Amaravati to mark the late leader’s 125th birth anniversary, according to senior TDP leader and A.P. State Scheduled Castes Cooperative Finance Corporation Chairman Jupudi Prabhakara Rao.
2.The memorial would come up on a 15-acre plot close to the mammoth Buddha statue to mark the 66th year of the adoption of Indian Constitution drafted by Dr. Ambedkar, he said, adding that the proposed memorial would rival the one in Nagpur.
3.The memorial would house an international research centre, library and a study circle for the Dalits to draw inspiration from the life and history of Dr. Ambedkar, he said.
NEW FORM FOR ASBA IN PLACE
1.ASBA facility has become mandatory for all categories of investors applying for a public issue for making payment from Friday. The facility allows the bid amount to remain in the applicants account till the time the shares are finally allotted.
2.In a circular, SEBI said that the application form for ASBA would be printed in a booklet form of A4 size paper.
3.The new circular will be applicable for all public issues opening on or after January 1, 2016
CHINA ENDS ONE-CHILD POLICY
1.Couples in China are now allowed to have two children as the new family planning law came into effect from Friday, ending the world’s most populous country’s controversial one-child policy amid concerns over an ageing population and shrinking workforce.
2.The three-decade-old policy was changed as demographic crisis deepened with sharp rise in population of old-age people and shrinking workforce in the world’s second largest economy.
3.According to latest figures, the number of people aged 60 or over in China has reached 212 million at the end of 2014, accounting for 15.5 per cent of the country’s population, with the number of disabled elderly people approaching 40 million.
4.By 2050, China is expected to have nearly 500 million people over 60, exceeding the population of the US.