1. Debroy, Bibek joins as a full time member of NITI Aayog
i. well-known economist Debroy, Bibek adopted today will be charged as a full time member of the NITI Ayog (National Institute for transforming India). Government had announced the appointment of Chef V K Saraswat Debroy and DRDO as full-time members earlier this month.
II. an economist by profession, he was educated at Presidency College (Calcutta), the Delhi School of Economics and Trinity College, Cambridge (Cambridge).
III. Debroy worked as a consultant in the Department of Economic Affairs in Ministry of finance.
IV. Debroy is also the author of several books, newspapers and popular articles, and a consulting editor of some financial newspaper in the country.
2. India set to overtake China next year: IMF
i. International Monetary Fund (IMF) projected that India 6.5% in 2016, will grow from China that the projected slowdown to 6.3 percent will catch up.
II. In a separate forecast, the United Nations world economic situation and prospects report also predicted a UN WASP smart recovery for India during 2015. It pegged its 2015 India growth lower than the IMF forecast – on 5.9 percent.
III. on 6.3 percent, the forecast of the growth of the UNWESP 2016, however, India is closer to that of the IMF.
IV. the IMF said global growth will receive a boost by lower oil prices, which have a significantly higher offer in many advanced and emerging market economies reflect.
3. Government 36 coal blocks assigned to PSUs
i. the Government today kick-started the process for the allocation of State-owned coal mines to companies cancelled, it will initially assign 36 blocks.
II. of these 36 coal blocks, one my be given to the iron and steel industry, while the rest will be given to the energy sector.
III. for Schedule II (mines produce) category 23 blocks will be put on offer and the auction would be between February 14 and February 22.
IV. Schedule III mines (ready to producing mines) he said a different set of 23 mines will be auctioned off between 25 February and 5 March.
4. the EU decided to lift ban on import of mangoes from India
i. European Union (EU) decided to lift a seven-month-long ban on the import of mangoes from India. The proposal to lift the ban was unanimously elected by the European Commission Standing Committee on plant health.
II. the decision to lift the ban was made after India, the world’s largest producer of mangoes significant enhancements were made to plant health checks and certification system.
III. the European Union issued a temporary ban on imports of Indian mangoes on 1 may 2016 – 2017 after quarantine fruit flies and other pests were found in 207 shipments. The shipment infected with fruit flies were found by the authorities in Brussels. The ban was supposed to be effective until December 2015.
IV. EU user accounts to nearly 50% of the total exports of fruit and vegetables from India, the United Kingdom is the top exporter.
5. India world’s second most trusted nation: survey
i. India has emerged as the second most trusted country in the world in terms of faith reposed on its institutions even if trust levels dropped worldwide, says a survey.
II. confidence in the institutions in India has improved greatly in 2015 with the country to move into second place three notches between the 27 countries.
III. While the number of “truster” countries are at an all-time low of six in 2015 including has United Arab Emirates, India, China and Netherlands, the number of “distruster” has grown significantly to 13 countries, including Japan, Russia, Hong Kong, South Africa and Italy.
IV. the list of guests is crowned by UAE with 84 percent confidence. India (79 percent), Indonesia (78 percent), China (75 percent), Singapore (65 percent) and Netherlands (64 percent) are the others who have recorded highest levels of trust.
6. World Economic Forum annual meeting 2015
i. the 45th kick out of the World Economic Forum in Davos, Switzerland started today.
II. ahead of the start of its annual meeting in Davos on Tuesday, the WEF published 14 measures of inclusive growth as it responded to the criticism that the gathering of 2,500 business leaders, academic and policy makers an exercise in hand-wringing about the gap between rich and poor has become
III. Christine Lagarde, the Managing Director of the IMF, Francis Pope, Jim Kim, the President of the world bank and Mark Carney, the Governor of the Bank of England, are among those who have stressed the need to ensure that the fruits of economic progress are shared more evenly. Carney will be added to the