TNPSC Current Affairs May 04, 2018

www.tnpsc.academy – TNPSC Current Affairs May 04, 2018 (04/05/2018)

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Topic : Latest Diary of Events

FDI confidence index

FDI confidence index for the year 2018 has been released.

About the FDI confidence index:

The Foreign Direct Investment Confidence (FDI) Index prepared by A.T. Kearney.

It is an annual survey which tracks the impact of likely political, economic, and regulatory changes on the foreign direct investment intentions and preferences of CEOs, CFOs, and other top executives of Global 1000 companies.

The report includes detailed commentary on the markets and the impact a variety of global trade issues have on their FDI attractiveness, as well as a ranking of the top 25 countries.

Performance of India:

India is ranked 11th. India was down three notches in the overall ranking from last year.

India remains the second highest ranked emerging market on the Index. A variety of recent reforms have made its regulatory environment more business friendly, and economic growth is forecast to rebound this year.

Overall, India remains among the top investment destinations due to its market size and rapid economic growth.

Performance of other countries:

US topped the list, followed by Canada, while Germany dropped to the third place.

The United States tops the Foreign Direct Investment (FDI) Confidence Index for the sixth year in a row.

Way ahead:

The investment climate in India has become much friendlier today than previous decades. Infrastructure is being developed and FDI policy is being liberalized to improve the situation.

However, a lot is to be done if we want to emerge as one of the major export oriented manufacturing hub. Investors are showing their growing confidence in the immediate and medium term prospects of Indian Economy.

FDI off course might be one of the important sources of financing the economic development. India needs a massive investment to achieve the goals of vision 20-20.

Policy makers need to ensure transparency and consistency in policy making along with comprehensive long term development strategy.

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Topic : New inventions on Science and Health

Bhupathy’s shieldtail

It is a new species of shieldtail snake found recently from the Western Ghats in Tamil Nadu.

Key facts:

The snake, currently found only in the forests of the Anaikatty hills in Tamil Nadu’s Coimbatore district.

The snake has been named Uropeltis bhupathyi, after the late herpetologist S. Bhupathy, for his contributions to the field.

The reptile belongs to a family of snakes found only in peninsular India and Sri Lanka.