MORNING NEWS 2nd Dec

1 . Manufacturing activity improved in November to its highest level since October 2016 

  • Manufacturing activity improved in November to its highest level since October 2016 on the back of growth in new orders and output, a private sector survey showed.
  • The Nikkei India Manufacturing Purchasing Managers’ Index recorded a value of 52.6 in November, up from 50.3 in October. A value above 50 denotes an expansion in activity, while one below 50 implies contraction.
  • Manufacturing companies observed a renewed increase in new export orders during November.
  • Greater production requirements in November led to the fastest rate in employment creation since September 2012.
  • A combination of higher order book volumes and a decrease in GST rates reportedly contributed to greater production.

 

2 . India re-elected to International Maritime Organisation Council

  • India has been re-elected to the Council of the International Maritime Organisation under Category B at an assembly of the body at its headquarters in London.

India has been one of the earliest members of the IMO, having ratified its convention and joined it as a member-state in the year 1959.

  • India secured the second-highest number of votes (144) from member-countries, just after Germany’s 146 and ahead of Australia’s 143.
  • India has been one of the earliest members of the IMO, having ratified its convention and joined it as a member-state in the year 1959.
  • India has been elected to the Council of the IMO ever since it started functioning, except for a two-year hiatus during 1983-1984.
  • The IMO Council plays a crucial role in deciding various important matters within the mandate of the IMO, in relation to the global shipping industry and its work strategy and budget.

International Maritime Organization (IMO)

  •  

    The International Maritime Organization (IMO), known as the Inter-Governmental Maritime Consultative Organization (IMCO) until 1982, is a specialised agency of the United Nations responsible for regulating shipping.

  • The IMO was established in Geneva in 1948 and came into force ten years later, meeting for the first time in 1959.
  • Headquartered in London, United Kingdom, the IMO has 172 Member States and three Associate Members