Sarat Chandra IAS Academy

Important Terms in 04th November -2020 News

 

Purchasing Managers’ Index:

  • PMI is an indicator of business activity – both in the manufacturing and services sectors.
  • It is calculated separately for the manufacturing and services sectors and then a composite index is also constructed.
  • The PMI summarizes whether market conditions as viewed by purchasing managers are expanding, neutral, or contracting.
  • The purpose of the PMI is to provide information about current and future business conditions to company decision makers, analysts, and investors.

 

National Credit Guarantee Trustee Company Ltd:

  • NCGTC is a private limited company incorporated under the Companies Act, 1956 in 2014, established by the Department of Financial Services, Ministry of Finance, as a wholly owned company of the Government of India, to act as a common trustee company for multiple credit guarantee funds.
  • Credit guarantee programmes are designed to share the lending risk of the lenders and in turn, facilitate access to finance for the prospective borrowers.

 

Indus Valley Civilization:

  • The history of India begins with the birth of the Indus Valley Civilization (IVC), also known as Harappan Civilization.
  • It flourished around 2,500 BC, in the western part of South Asia, in contemporary Pakistan and Western India.
  • The Indus Valley was home to the largest of the four ancient urban civilizations of Egypt, Mesopotamia, India and China.
  • In the 1920s, the Archaeological Department of India carried out excavations in the Indus valley wherein the ruins of the two old cities, viz. Mohenjodaro and Harappa were unearthed.
  • In 1924, John Marshall, Director-General of the ASI, announced the discovery of a new civilisation in the Indus valley to the world.

 

Budapest Convention:

  • The Council of Europe’s (CoE) Cybercrime Convention, also known as the Budapest Convention is the sole legally binding international multilateral treaty on cybercrime. It coordinates cybercrime investigations between nation-states and criminalizes certain cybercrime conduct.
    • It was open for signature in 2001 and came into force in 2004.
    • The Budapest Convention is supplemented by a Protocol on Xenophobia and Racism committed through computer systems.
    • India is not a party to it. India recently voted in favour of a Russian-led UN resolution to set up a separate convention. The resolution seeks to set up new cyber norms considered as a counter alternative to the US backed Budapest Accord

Leave a Comment

Your email address will not be published.