1. Wholesale inflation rises to 7% in Oct
i. The headline inflation number, the wholesale price index or WPI, has increased to 7 per cent in October from 6.46 per cent in September.
ii. However, it has come down from the October 2012 number of 7.32 per cent.
iii. Food inflation has almost tripled since last October to over 18 per cent. Vegetable prices played a key role. Overall, vegetable prices jumped over 78 per cent, while onion prices saw a whopping 278 per cent increase.
2. International Volunteer Day Observed on 5 December
i. International Volunteer Day for Economic and Social Development The International Volunteer Day for Economic and Social Development was observed across the world on 5 December 2013.
ii. The day, which is also known as International Volunteer Day (IVD), gives volunteers a chance to work together on projects and campaigns promoting their contributions to economic and social development at local, national and international levels.
iii. Theme for the year 2013 is: YOUNG.GLOBAL.ACTIVE
iv. The International Volunteer Day for Economic and Social Development was adopted by the United Nations General Assembly through Resolution 40/212 on 17 December 1985. Since then, the day is celebrated each year on 5 December across the world.
3. Crisil sees economy growing at 6.5% in next 5 years
i. Rating agency Crisil has said a stable Government post-elections is likely to help the country grow at an average of 6.5 per cent for the next five years.
ii. “Our base-case forecast of an average GDP growth of 6.5 per cent between FY15 and FY19 is premised on a decisive mandate in the upcoming general elections,” the rating agency majority-owned by Standard & Poor’s said in a report.
iii. The International Monetary Fund has predicted global growth for the calendar years 2014-18 at 4 per cent. However, Crisil said it is not the election results which impact the economy, except in improving sentiment, but policies formulated by the new Government that will boost growth.
iv. Economic growth eased to 4.6 per cent in the first three quarters of FY14 after clocking 9.3 per cent in FY12 and the just-concluded financial year may log the lowest growth rate in decades.
4. 7th India-Republic of Korea Joint Commission Meeting held in New Delhi
i. The 7th India-Republic of Korea Joint Commission Meeting (JCM) was held here on 8 November 2013.
ii. The 7th India-Republic of Korea Joint Commission Meeting (JCM) was held in New Delhi on 8 November 2013.
iii. The two nations conducted a comprehensive review of bilateral relations, which have been upgraded to a Strategic Partnership and have acquired range and depth over the past few years.
iv. Noting that high level political exchanges had imparted momentum to the relationship, they discussed the possibility of a visit to India by Korean President Madame Park Geun-hye in early 2014.
i. The headline inflation number, the wholesale price index or WPI, has increased to 7 per cent in October from 6.46 per cent in September.
ii. However, it has come down from the October 2012 number of 7.32 per cent.
iii. Food inflation has almost tripled since last October to over 18 per cent. Vegetable prices played a key role. Overall, vegetable prices jumped over 78 per cent, while onion prices saw a whopping 278 per cent increase.
2. International Volunteer Day Observed on 5 December
i. International Volunteer Day for Economic and Social Development The International Volunteer Day for Economic and Social Development was observed across the world on 5 December 2013.
ii. The day, which is also known as International Volunteer Day (IVD), gives volunteers a chance to work together on projects and campaigns promoting their contributions to economic and social development at local, national and international levels.
iii. Theme for the year 2013 is: YOUNG.GLOBAL.ACTIVE
iv. The International Volunteer Day for Economic and Social Development was adopted by the United Nations General Assembly through Resolution 40/212 on 17 December 1985. Since then, the day is celebrated each year on 5 December across the world.
3. Crisil sees economy growing at 6.5% in next 5 years
i. Rating agency Crisil has said a stable Government post-elections is likely to help the country grow at an average of 6.5 per cent for the next five years.
ii. “Our base-case forecast of an average GDP growth of 6.5 per cent between FY15 and FY19 is premised on a decisive mandate in the upcoming general elections,” the rating agency majority-owned by Standard & Poor’s said in a report.
iii. The International Monetary Fund has predicted global growth for the calendar years 2014-18 at 4 per cent. However, Crisil said it is not the election results which impact the economy, except in improving sentiment, but policies formulated by the new Government that will boost growth.
iv. Economic growth eased to 4.6 per cent in the first three quarters of FY14 after clocking 9.3 per cent in FY12 and the just-concluded financial year may log the lowest growth rate in decades.
4. 7th India-Republic of Korea Joint Commission Meeting held in New Delhi
i. The 7th India-Republic of Korea Joint Commission Meeting (JCM) was held here on 8 November 2013.
ii. The 7th India-Republic of Korea Joint Commission Meeting (JCM) was held in New Delhi on 8 November 2013.
iii. The two nations conducted a comprehensive review of bilateral relations, which have been upgraded to a Strategic Partnership and have acquired range and depth over the past few years.
iv. Noting that high level political exchanges had imparted momentum to the relationship, they discussed the possibility of a visit to India by Korean President Madame Park Geun-hye in early 2014.
