MoU between Ministry of MSME & Textiles Memorandum of Understanding (MoU) has been signed among Ministry of Textiles, Ministry of Micro, Small & Medium Enterprises (MSME) & National Textile Corporation (NTC) in order to set up a Technology Centre (Tool Room) at Kanpur. Under the MoU, Ministry of MSME will fund the project, while NTC would provide the land in a closed, unviable mill. The Management of Technology Centre will be through a Governing Council where Development Commissioner, MSME will be Chairman and Ministry of Textiles representative, co-chair. The Technology Centre would provide support in manufacturing of quality tools that would improve productivity of MSMEs and also provide trained manpower and consultancy in related areas.
NSE agreement with London Stock Exchange India’s National Stock Exchange (NSE) has done an agreement with London Stock Exchange Group (LSEG) to ensure close collaboration between the two bourses for setting up a research centre. The joint research centre, is expected to launch products and services on a range of capital market matters. It also aims to explore further collaboration between the group companies, including indexes and debt market development, within the prevailing regulatory frame work.
India ranks 4th in black money outflows India has been placed at fourth position in black money outflows among the developing and emerging economies. It was revealed by Global Financial Integrity’s (GFI’s) Illicit Financial Flows from Developing Countries: 2004-2013 Report. China tops the list with 139 billion dollars average outflow of black money per annum. It was around 258.64 billion dollars in year 2013. China was followed by Russia (104 billion dollars per annum) and Mexico (52.8 billion dollars per annum). In case of India, 51 billion dollars black money outflowed per annum between the decade long period from 2004 to 2013.
Angela Merkel – 2015 Time’s Person of the Year Time magazine has named German Chancellor Angela Merkel as Person of the Year 2015. She was named for her role in Europe’s crises over migration and Greek debt as she had provided steadfast moral leadership in a world where it is in short supply. With this, Merkel became only the 4th woman since 1927 to be named winner and the first women to feature in 29 years. Islamic State (IS) leader Abu Bakr al-Baghdadi was named runner-up and US Presidential hopeful Donald Trump was placed.
Carolina Marin as Female Player of the Year World number one women shuttler Carolina Marin from Spain has won the 2015 Female Badminton Player of the Year award. She was presented with the award by the Badminton World Federation (BWF) President Poul-Erik Hoyer in Dubai. India’s Saina Nehwal along with Zhao Yunlei of China (2014 winner) and another Chinese Bao Yixin were in race for this annual award in Female category. Carolina Marín is currently ranked No. 1 in the world by Badminton World Federation Women’s Singles 2015 rankings. She has won in World Championships in women’s single category two times in 2014 and 2015 respectively. She also has won five World Superseries titles. Male Player of the Year award has won by Chen Long (China).