UPSC: PIB Summary and Analysis Feb 03

Under-19 cricket World Cup

  • India has won 2018 U 19 world cup

  • It is a biennial event, organised by the ICC.

  • This year’s host country was New Zealand

  • 2020 world cup is in South Africa

First International Kala Mela

  • The Vice President of India Shri M. Venkaiah Naidu will inaugurate the First International Kala Mela in New Delhi tomorrow.

  • Lalit Kala Akademi, the premier institution for the promotion of Art and Culture is organizing an International Kala Mela (Arts Festival) wherein artists and groups can showcase their art works .

  • This is for the first time that the Akademi has planned the International Kala Mela at such a large scale.

 CriSidEx

  • The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx.

  • It is India’s first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL & SIDBI.

  • CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive).

  • CriSidEx will have 2 indices , one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey , providing independent time series data.

  • The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies.

  • It also allows capturing the sentiment of exporters and importers, it will also offer actionable indicators on foreign trade.

 

To ace UPSC current affairs section, read more PIB articles here.

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