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Current Affairs > English > 2019-01-12 > Editorial

Index of Industrial Production

 

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of November 2018 stands at 126.4, which is 0.5 percent higher as compared to the level in the month of November 2017.

·         The cumulative growth for the period April-November 2018 over the corresponding period of the previous year stands at 5.0 percent.

·         The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2018 stand at 110.6, 127.2 and 147.2 respectively

·         The cumulative growth in these three sectors during April-November 2018 over the corresponding period of 2017 has been 3.7 percent, 5.0 percent and 6.6 percent respectively.

·         The industry group ‘Manufacture of wearing apparel’ has shown the highest positive growth of 22.1 percent followed by 7.6 percent in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 7.4 percent in ‘Manufacture of other transport equipment’.

·         On the other hand, the industry group ‘Manufacture of fabricated metal products, except machinery and equipment’ has shown the highest negative growth of (-) 13.4 percent followed by (-) 9.6 percent in ‘Manufacture of electrical equipment’ and (-) 7.3 in ‘Other manufacturing’.

As per Use-based classification, the growth rates in November 2018 over November 2017 are 3.2 percent in Primary goods, (-) 3.4 percent in Capital goods, (-) 4.5 percent in Intermediate goods and 5.0 percent in Infrastructure/ Construction Goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 0.9 percent and (-) 0.6 percent respectively.

 

 

 

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base : 2011-12=100)

 

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2017-18

2018-19

2017-18

2018-19

2017-18

2018-19

2017-18

2018-19

Apr

98.8

102.6

117.3

123.1

150.6

153.7

117.3

122.6

May

101.7

107.6

125.6

130.1

158.1

164.7

124.8

129.6

Jun

98.5

104.9

120.3

128.6

147.4

159.9

119.3

127.7

Jul

92.4

95.5

119.3

127.6

151.9

162.0

118.0

125.7

Aug

92.6

92.0

124.1

130.6

155.4

167.2

122.1

128.0

Sep

94.4

94.5

125.6

131.4

150.5

162.9

123.1

128.6

Oct

100.8

108.1

123.7

133.9

149.8

166.0

122.5

132.8

Nov*

107.7

110.6

127.7

127.2

140.1

147.2

125.8

126.4

Dec

115.5

 

132.0

 

143.9

 

130.6

 

Jan

114.7

 

133.8

 

149.5

 

132.3

 

Feb

110.1

 

129.7

 

136.1

 

127.4

 

Mar

131.6

 

140.2

 

156.7

 

140.3

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Nov*

98.4

102.0

123.0

129.1

150.5

160.5

121.6

127.7

 

 

 

 

 

 

 

 

 

Growth over the corresponding period of previous year 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov*

1.4

2.7

10.4

-0.4

3.9

5.1

8.5

0.5

 

 

 

 

 

 

 

 

 

Apr-Nov*

3.0

3.7

3.1

5.0

5.2

6.6

3.2

5.0

 

 

 

 

 

 

 

 

 

 

* Figures for Nov 2018 are Quick Estimates.

 

 

 

 

 

NOTE : Indices for the months of Aug'18 and Oct'18 incorporate updated production data.

 

 

Key words: IIP, MOSPI, Industrial Production

 

 

Partnership Summit

 

The 25th edition of Partnership Summit 2019, a global platform for dialogue, debate, deliberation and engagement among Indian and global leaders on economic policy and growth trends in India, is held.

This edition of the Summit will showcase India in the present landscape of an emerging “New India”, the “New Global Economic Address”.  

The Summit will see New India in active engagement and collaboration within the country and with the world.

The themes of the sessions of the Summit will cover topics like:

·         Partnering with New India

·         Reforms and De-regulation – Strategies to Boost Investment

·         The Infra Expanse – A Super Imperative for Growth

·         The Inclusion Dynamics – A Digital Wireframe for all

The Summit also see the discussions on the critical sectoral series:

·         Innovations

·         India 4.0: AI, Big Data

·         Agri and Food Processing

·         Heath Care

·         Tourism and Hospitality

·         Defence and Aeronautics

·         Renewable Energy

 

Key words: Partnership Summit, Ministry of Commerce

 

NATIONAL

 

PSLV-DL

 

Why in News

PSLV-DL, a new variant of PSLV will be the first to sport two strap-on boosters for providing added thrust.

 

 

Details

·         Indian Space Research Organisation (ISRO) planning to keep the fourth and final stage of the Polar Satellite Launch Vehicle (PSLV) ‘alive’ in space as a useful ‘orbital platform’.

·         Its final and fourth stage — PS4 — will be equipped with lithium-ion batteries, but no solar panels. An in-house technology, the lithium-ion cells are critical to keep the spent stage in orbit.

ISRO had hit upon the idea of transforming the expendable fourth stage into a makeshift satellite to reduce space debris.

·         In a normal scenario, the initial stages of the rocket, once they detach, drop back into the sea. However, stage four, after releasing the payload, wanders around in space as junk.

·         If the plan is successful, the spent stage will be automatically ‘recycled’ into a valuable platform for space-based experiments.

 

Key words: PSLV DL, ISRO

 

Cycling

 

Why in News

According to an analysis by The Energy Resources Institute (Teri),Cycling for short distance trips can yield an annual benefit of Rs1.8 trillion to the economy, and cycling regularly for an average distance of 3.5 km for just 120 days can help avoid 4,756 premature deaths

 

Details

·         Even though cycle sales have risen only 1% in a decade — as opposed to a 9% rise in cars and two-wheelers — cyclists in cities constitute nearly 40% of those who travel more than 21 km for work.

·         More than half of India uses “non-motorised” forms of transport, such as walking and cycling, to travel to work, followed by two-wheelers (18%) and buses (16%), the report notes.

Substituting just half the short distance work trips, which are typically undertaken by two-wheelers and cars, with cycles, could result in massive savings — about Rs 27 billion from fuel expenditure and 0.35 Million Tonnes of Oil Equivalent (MTOE) in terms of energy, the researchers calculated.

 

 

Key words: TERI, Cycling

 

Sexual Harassment at Workplace

 

Why in News

A government sub-committee formed in the wake of the #MeToo movement to recommend ways to prevent sexual harassment at workplace is likely to propose waiving the three-month time limit for victims to file complaints as laid down under the law.

 

Details

·         Relaxing the three-month window provided to victims for filing complaints will require an amendment to the Prevention of Sexual Harassment at Workplace (PoSH) Act, 2013.

·         Section 9 of the law lays down that a complaint will have to be filed within three months of an incident taking place.

·         However, until the law is amended, the sub-panel may recommend that an Internal Committee can relax the three-month window after a “speaking order” or after noting down proper reasoning for waiving the time limit.

·         The Committee is also likely to propose that members of Internal Committees be treated on a par with “public servants” as defined under Section 21 of the Indian Penal Code so that they have immunity from prosecution. It will ensure that the members don’t get entangled in court cases.

 

Key works: Prevention of Sexual Harassment at Workplace Act ,  MeToo

 

Science and Tech

Yutu-2

Why in news?

A rover dubbed Yutu-2 — or Jade Rabbit, the name of the moon goddess’s pet — successfully separated from the lander and drove onto the moon’s surface about eight hours after landing.

·         The Chang’e-4 probe — named after a moon goddess — made the world’s first soft landing on the moon’s “dark side” on January 3, a major step in China’s ambitions to become a space superpower.

·         The mission sent the first panoramic image of its landing site, showing the grey moonscape it is exploring and the track marks left by the rover in the lunar soil.

·         Chang’e-4 landed in the Von Karman Crater within the South Pole-Aitken Basin. The basin is the largest and deepest impact crater in the solar system. The craters close to the rover, including one that was 20 m wide with a depth of about 4 m — will pose great challenges when planning its route.

·         The China National Space Administration (CNSA) said the initial stage of the mission was a “complete success” after the lander and the rover sent back images to Earth.

·         Scientists have said the far side is a key area for solving several unknowns about the moon, including its internal structure and thermal evolution.

Keywords: Yutu-2, Chang’e-4, Jade rabbit, Von Karman Crater, China National Space Administration (CNSA).

Andhra Pradesh

Indian Smooth-Coated Otter

Why in news?

·         A family of Indian smooth-coated otter (Lutrogale perspicillata), including four pups, was sighted in the Krishna estuary, indicating a significant rise in the population.

·         In 2016, the Wildlife Management Division (Eluru) documented the presence of otter in and around the Krishna Wildlife Sanctuary and the estuary.

·         The healthy growth of otter population can be attributed to the abundant availability of prey — mostly fish — in its habitat.

·         Presence of healthy and moderately dense mangrove cover and brackish water channels are serving as a suitable habitat for the otters.

·         Winter is the breeding season of the otters. However, they could be sighted in the estuary in all the seasons.

·         The conservation status is ‘vulnerable,’ according to the International Union of Conservation for Nature (IUCN).

Keywords: Indian smooth-coated otter (Lutrogale perspicillata), Krishna Wildlife Sanctuary and the estuary, International Union of Conservation for Nature (IUCN).

 

Federation Internationale de Volleyball (FIVB)

Why in news?

·         The Volleyball Federation of India (VFI) and Leisure Sports Management (LSM), a Kolkata based sports company, will organise the ‘Federation Internationale de Volleyball (FIVB) Beach Volleyball World Tour, at RK Beach here from February 28 to March 3.

·         More than 32 teams from many countries are expected take part in the event.

Keywords: Volleyball Federation of India (VFI), Federation Internationale de Volleyball (FIVB), RK Beach.

Odalarevu

Why in news?

After the successful completion of ‘S1-Vasishta,’ a deep-water project intended to explore natural gas reserves of about 16 billion cubic metres at Odalarevu in the Konaseema region, the Eastern Offshore Asset (EOA) of the Oil and Natural Gas Corporation (ONGC) Limited is now shifting its focus towards the launch operations at ‘KG-DWN-98/2’ by this year-end.

·         Once both the projects become functional, Odalarevu is going to be the major site for oil and natural gas exploration on the entire east coast.

·         After S1-Vasishta, the public sector major is now able to explore natural gas to the tune of about 4 Million Metric Standard Cubic Metres per Day (MMSCMD).

·         The total capacity of the project, however, is 21.95 MMSCMD of natural gas and oil of another 75,000 barrels per day.

·         Simultaneously, works are in progress for the ₹ 34,012 crore KG-DWN-98/2 project intended to explore 16 MMSCMD of natural gas for a period of 15 years. 

Keywords: S1-Vasishta, Odalarevu, Konaseema region, Eastern Offshore Asset (EOA), Oil and Natural Gas Corporation (ONGC), KG-DWN-98/2.