India's growth rate to surpass China's in 2016 : IMF
- The International Monetary Fund (IMF) has projected India's growth rate at 6.5% in 2016 by when it is likely to cross China's projected growth rate at 6.3%.
- In its World Economic Outlook released on January 20, 2015, IMF forecast that India would grow at 6.3% in 2015.
- In 2014, India's growth rate was 5.8% against China's 7.4%.
- In 2013, India's growth rate was 5.0% against China's 7.8%.
- The IMF has cut its global growth projection to 3.5% in 2015 and 3.7% in 2016.
International Monetary Fund:
- The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., in the United States. It is an organisation of 188 countries.
- The IMF works to foster global growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty.
- IMF formed in 1944 at the Bretton Woods Conference, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.
- The IMF has played a part in shaping the global economy since the end of World War II.
- Countries contribute funds to a pool through a quota system from which countries with payment imbalances can borrow. As of 2010, the fund had SDR 476.8 billion, about US$755.7 billion at then-current exchange rates.
- The IMF's fundamental mission is to help ensure stability in the international system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members.
- Christine Lagarde of France is the Managing Director (MD) of the IMF.
Special Drawing Right (SDR):
The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries.
- The SDR is based on a basket of international currencies comprising the U.S. dollar, Japanese yen, euro and pound sterling. It is not a currency, nor a claim on the IMF, but is potentially a claim on freely usable currencies of IMF members. The value of the SDR is not directly determined by supply and demand in the market, but is set daily by the IMF on the basis of market exchange rates between the currencies included in the SDR basket.
- It can be held and used by member countries, the IMF, and certain designated official entities called "prescribed holders"—but it can not be held, for example, by private entities or individuals. Its status as a reserve asset derives from the commitments of members to hold, accept, and honor obligations denominated in SDR. The SDR also serves as the unit of account of the IMF and some other international organizations.
Question asked in UPSC Civil Services Preliminary Examination, 2014:
Which of the following organizations brings out the publication known as ‘World Economic Outlook’?
A.The International Monetary Fund
B.The United Nations Development Programme
C.The World Economic Forum
D.The World Bank
Rs. 1-crore award to any innovative village for maintaining a balanced sex ratio : Meneka Gandhi
- Union Women and Child Development Minister Maneka Gandhi announced a Rs. 1-crore award to any innovative village for maintaining a balanced sex ratio.
- Ms Gandhi urged state governments, district commissioners and other functionaries to work in tandem for the success of the 'Beti Bachao-Beti Padhao' programme, which Prime Minister Narendar Modi will formally launch from Panipat on January 22, 2015.
- Ms. Gandhi said the Prime Minister chose Haryana to launch the campaign as it was one of the States with a low female sex ratio. One hundred districts with a low female sex ratio were selected nationwide for the campaign, and 12 of them, including Panipat, were in Haryana.
Child sex ratio as per 2011 census is 919 and it was 927 as per 2001 census.
Source of all the below mentioned data - www.census2011.co.in
Census 2011 - some facts
- Thane district of Maharashtra is the most populated district of India.
- Dibang Valley of Arunachal Pradesh is the least populated.
- Kurung Kumey of Arunachal Pradesh registered highest population growthrate of 111.01 percent.
- Longleng district of Nagaland registered negative population growth rate of (-)58.39.
- Mahe district of Puducherry has highest sex ratio of 1176 females per 1000 males.
- Daman district has lowest sex ratio of 533 females per 1000 males.
- Serchhip district of Mizoram has highest literacy rate of 98.76 percent.
- Alirajpur of MP is the least literate district of India with figure of 37.22 percent only.
- North East Delhi has the higest density with figure of 37346 person per square kilometer.
- Dibang Valley has the least density of 1 person per sq. km.
List of States with sex ratio and child sex ratio as per 2011 and 2001 census
|Sr. No.||State||Sex Ratio(2011)||Child Sex ratio(2011)||Sex Ratio(2001)||Child Sex ratio(2001)|
|29||Jammu and Kashmir||889||862||900||964|
|31||Andaman and Nicobar Islands||876||968||846||941|
|34||Dadra and Nagar Haveli||774||926||811||909|
|35||Daman and Diu||618||904||709||916|
List of States with Population, Growth Rate, Area, Density, Sex Ratio, Literacy (according to 2011 census)