1 . Mauritius largest source of FDI in India , says RBI
- Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI .
- Singapore and Japan were the next two sources of foreign direct investment (FDI).
- The manufacturing sector accounted for nearly half of the total FDI at market prices; information and communication services and financial and insurance activities were the other major sectors that attracted FDI.
- The census yields comprehensive information on the market value of foreign liabilities and assets of Indian companies arising on account of FDI, ODI and other investments.
2 . Government names nine new smart cities.
Three cities of Uttar Pradesh are among nine chosen in the latest round of the Centre’s flagship Smart Cities Mission.
The nine cities
The nine cities chosen in the fourth round are -Bareilly, Moradabad and Saharanpur in Uttar Pradesh, Erode in Tamil Nadu, Bihar Sharif in Bihar, Silvasa in Dadra and Nagar Haveli, Diu in Daman and Diu, Kavarati in Lakshadweep and Itanagar in Arunachal Pradesh.
The number of cities picked under the project now stands at 99. Under the scheme, each city will get Rs 500 crore from the Centre for implementing various projects. An equal amount, on matching basis, will have to be contributed by the state or urban local bodies.
Shillong will be the 100th city provided it submit its proposal to the Centre in next three months.
SMART CITIES MISSION
Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable. It was launched in 2015 .
It is a five-year program, where all of the Indian states and Union territories are participating except West Bengal.
The total proposed investment in the 99 Smart City Mission would be Rs 2.03 lakh crore.
What is Smart City?
In the imagination of any city dweller in India, the picture of a smart city contains a wish list of infrastructure and services that describes his or her level of aspiration. To provide for the aspirations and needs of the citizens, urban planners ideally aim at developing the entire urban eco-system, which is represented by the four pillars of comprehensive development–institutional, physical, social and economic infrastructure.
The objective is to promote cities that provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment and application of ‘Smart’ Solutions.
The focus is on sustainable and inclusive development and the idea is to look at compact areas, create a replicable model which will act like a light house to other aspiring cities.
The Union Ministry of Urban Development is responsible for implementing the mission in collaboration with the state governments of the respective cities.
Each city will create a corporate company headed by a full-time CEO to implement the Smart Cities Mission.Center and state government will provide Rs 1,000 Crore funding to the company, as equal contribution of Rs 500 crore each.The company has to raise additional fund from the financial market as a debt or equity.
Total Number of Cities covered
In January 2016, 20 cities were announced under the Smart Cities mission, followed by 13 cities in May 2016, 27 cities in September 2016 and 30 cities in June 2017.
3 . States with low per capita income big on economic crimes
States with lower per capita income such as Rajasthan, Uttar Pradesh, Bihar and West Bengal seem to have scored high in one area of dubious merit. These states together accounted for nearly 40% of the total economic crimes in the country, according to National Crime Research Bureau (NCRB) data for 2016 that was made public recently.
Among India’s biggest states, they contributed about a fifth to the nation’s gross domestic product (GDP) in FY15. GDP data from Rajasthan and West Bengal are not available for later years.
Reduction in economic crimes
To be sure, complaints of economic crimes in India dropped 4.4% in 2016, the first time it’s declined in a decade. In the preceding 10 years, economic crimes grew at an annual 6.8%.Due to various programmes initiated by several state governments such as Police Mitra in Maharashtra to increase awareness about financial fraud and measures taken by Tamil Nadu and Odisha to attach property of fraudsters, economic crimes have reduced.
Rajasthan – highest proportion of economic complaints.
At 16%, Rajasthan accounted for the highest proportion of economic complaints. The economic crime rate in Rajasthan is 32 per 100,000 people in comparison with India’s average of 11.3.
4 . Election Commission (EC) recommended disqualification of 20 MLAs of Delhi
In a setback to the Aam Aadmi Party (AAP) government in Delhi, the Election Commission (EC) has recommended to President that 20 of its MLAs be disqualified for holding offices of profit. The Commission’s counsel is binding on the President.
The AAP currently holds 65 of the 70 seats in the Delhi Assembly and the disqualifications will not pose a threat to its government.
The office-of-profit controversy was triggered after 21 AAP MLAs were appointed Parliamentary Secretaries in March 2015. The Delhi government then introduced an amendment to the Delhi Members of Legislative Assembly (Removal of Disqualification) Act, exempting the post from the definition of “office-of-profit.”President Pranab Mukherjee had rejected the amendment in June 2015.
5 . Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) Crosses One Crore Mark!
Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA) is a fixed day strategy, every month across the country during which a range of quality maternal health services are envisaged to be provided as part of Antenatal Care .
The programme crossed one crore mark in antenatal check-ups . It was launched on June 9, 2016.
Under the campaign, a minimum package of antenatal care services is to be provided to the beneficiaries on the 9th day of every month at the Pradhan Mantri Surakshit Matritva Clinics to ensure that every pregnant woman receives at least one checkup in the 2nd/ 3rd trimester of pregnancy.
The programme aims to reach out to all Pregnant Women who are in the 2nd & 3rd Trimesters of pregnancy.