Current Affairs – June, 2014

Latest Current Affairs June, 2014 with Current Affairs, news summary on current events of National and International importance of June, 2014 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Okavango Delta: UNESCO’s 1,000th World Heritage Site

UNESCO has inscribed the Okavango Delta in Botswana on its World Heritage Site List. It is the 1,000th site to be bestowed with this status.

Okavango Delta

Location: Northwest Botswana, Africa on Okavango River

The delta has rich biodiversity and is home to cheetah, white rhinoceros, black rhinoceros, African wild dog and lion – all of which are endangered. Around 24 species of globally-threatened birds can also be seen in the delta.

Union Government modernizes NIC-1987 to NIC-2008

Union Ministry of Commerce and Industry upgraded the National Industrial Classification -1987 (NIC-1987) to NIC-2008.

The upgrade to NIC-2008 will facilitate new businesses as it is more investor friendly and more in sync with international practices as compared to the older version of NIC Code.
It provides a more modern industrial classification system in line with changes in the structure and composition of the economy and changing user requirements and compatibility with international standards.

National Industrial Classification

NIC is used for the purpose of classification of activities in respect of industrial license/ IEM proposals submitted to the Department of Industrial Policy & Promotion. It is an essential statistical benchmark for developing and maintaining comparable database as per economic activities. Such classifications are often used in classifying the economically active population, statistics of industrial production and distribution, the different fields of labor statistics and other economic data such as national income. India’s Central Statistical Organization (CSO) has been finalizing NIC since 1960.