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22nd April 2019 Current Affairs
India becomes net Steel importer in 2018-19

 

India has become a net importer of steel in the fiscal year 2018-19 that ended on 31 March for the first time in three years, as the country lost market share among its traditional steel buyers and imports jumped on demand for higher-quality steel domestically.

India's steel imports increased by 4.7% to 7.84 million tonnes in 2018-19 from 7.48 million tonnes a year earlier.

The country's finished steel exports fell by 34% in the fiscal year that ended in March to 6.36 million tonnes.

 

Earth Day: 22nd April

 

Earth Day is celebrated annually on April 22 Worldwide, 

The theme for Earth Day 2019 is to 'Protect Our Species'. This year the focus is on protecting the species which are on the verge of extinction.

It was first celebrated in 1970.

The objective of Earth Day is to share responsibilities among people of this world and set agenda for peaceful coexistence with nature.

 

Twitter appoints Manish Maheshwari as India MD

 

Twitter has appointed Manish Maheshwari as the Managing Director of its India operation with effect from 29th April 2019.

Taranjeet Singh had stepped down as the India Country Director and Balaji Krish was given charge of leading the country's operations in the interim period.

Maheshwari will be responsible for managing an integrated business strategy to stimulate Twitter's audience and revenue growth in the country, overseeing Twitter India's teams in Mumbai, Delhi, and Bengaluru.

He has previously served as the CEO of Network18 Digital.

About Twitter

Headquarters - San Francisco, California, United States

Founded - 21 March 2006

Founders - Jack Dorsey, Noah Glass, Biz Stone, Evan Williams

CEO - Jack Dorsey

 

Asian Tea Alliance launched in China to boost trade

 

Asian Tea Alliance (ATA), a union of five tea-growing and consuming countries, was launched in Guizhou, China to boost tea trade, cultural and technical exchanges as well as the global promotion of tea.

The members of the alliance include: Indian Tea Association, China Tea Marketing Association, Indonesian Tea Marketing Association, Sri Lanka Tea Board and Japan Tea Association.

About China

Capital - Beijing

Currency - Renminbi

President - Xi Jinping

 

Global Ecosystem Ranking: India ranks 17th

 

India ranked at 17th position among 100 countries in 2018, from the 37th spot in 2017 in the Startup Ecosystem Ranking for 2019 according to data released by StartupBlink.

The ranking was based on the strength of its startup ecosystem, as per StartupBlink, which tracks startup ecosystems on a number of parameters.

The report has taken the startup ecosystems of 1,000 cities and 100 countries for the ranking. 

Bangalore, New Delhi, and Mumbai were the top cities in the Indian startup ecosystem.

In terms of global rankings, the top three spots remained unchanged with the United States, United Kingdom and Canada taking first and second and third rank respectively.

About United States

Capital - Washington, D.C.

Currency- Dollar

President - Donald Trump

About United Kingdom

Capital - London

Currency - Pound Sterling

Prime Minister - Theresa May

About Canada

Capital - Ottawa

Currency - Canadian

 

 

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