Services Current Affairs - 2019

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Services lift Santosh Trophy Football

The Services have lifted the Santosh Trophy, beating Punjab 1-nil in the final at Ludhiana. On their way to finals, Punjab had defeated Goa 2-1 and Services had defeated Karnataka 4-3 in the semis via a penalty shootout.

Santosh Trophy Football

The Santosh Trophy is a football knock-out competition contested by the regional state associations and government institutions under the All India Football Federation (AIFF) which the Football governing body in India.

Santosh Trophy tournament is held every year with 31 teams divided into groups t qualified for the tournament proper through the preliminary round.

The tournament started in 1941 and is named after the president of the Indian Football Association (West Bengal’s football association) at the time, Sir Manmatha Nath Roy Chowdhary of Santosh. The runner-up trophy was donated by an ex-IFA president, S.K. Gupta. The trophy is known as the Kamla Gupta Trophy. The third-place trophy, the Sampangi Cup, was donated by the Karnataka State Football Association.

FDI inflows to India during April-December 2018

The data released from the Ministry of Commerce and Industries shows that the FDI inflows to India contracted by 7 per cent to USD 33.49 billion during April-December in the financial year 2018-19.

Key Facts about FDI inflow to India

  • The FDI inflow during April-December 2018-19 at USD 33.49 was 7 per cent lower than the FDI inflow of USD 35.94 billion during April-December 2017-18.
  • The sectoral wise breakup of the FDI in the corresponding period is as listed below: services (USD 5.91 billion), computer software and hardware (USD 4.75 billion), telecommunications (USD 2.29 billion), trading (USD 2.33 billion), chemicals (USD 6.05 billion), and the automobile industry (USD 1.81 billion).
  • Singapore was the largest FDI contributor during April-December 2018-19 with USD 12.97 billion inflow.
  • Singapore was followed by Mauritius (USD 6 billion), the Netherlands (USD 2.95 billion), Japan (USD 2.21 billion), US (USD 2.34 billion), and the UK (USD 1.05 billion).

This decline in the FDI inflows could put pressure on the country’s balance of payments and may also adversely impact the value of the rupee.