08.07.21

The survey-based service ‘s June PMI showed that it shrank to 41.2 for the second time in a row

About PMI:

It is a survey-based metric that asks respondents about changes in their perception of key business variables compared to the previous month.

Calculate the manufacturing and service industries separately, and then construct a comprehensive index.

The PMI is a number ranging from 0 to 100.

A PMI reading above 50 indicates expansion when compared to the previous month.

A PMI of less than 50 indicates a contraction, and

A reading of 50 indicates that there has been no change.

If the previous month’s PMI is higher than the current month’s PMI (as in the example above), it indicates that the economy is contracting.

The PMI is usually released at the beginning of each month. As a result, it is regarded as a reliable leading indicator of economic activity.

The Union Minister of Ayush launched five important portals and issued four publications.

Highlights:

Ayurveda Dataset on Clinical Trial Registry of India (CTRI): The CTRI is a primary Clinical Trials Registry under the WHO’s International Clinical Trials Registry Platform. The creation of an Ayurveda Dataset in CTRI makes it easier to use Ayurvedic terminologies to record clinical studies based on Ayurvedic interventions. This will increase the global visibility of Ayurveda-based clinical trials.

CCRAS-RMIS: Research Management Information System is a one-stop solution for Ayurveda-based research and development. The portal provides free reference material, research tools, and clinical and scientific advice. It was created in collaboration with the Central Council for Research in Ayurvedic Sciences (CCRAS) and the Indian Council of Medical Research (Icmr).

E-Medha (electronic Medical Heritage Accession) Portal: NIC’s e-granthalaya platform provides online public access to a catalogue of over 12000 Indian medical heritage books.

AMAR (Ayush Manuscripts Advanced Repository) Portal: It has digitised information on rare and difficult-to-find manuscripts and catalogues of Ayurveda, , Unani, Siddha, and Sowa Rigpa in libraries or individual collections in India or otherparts in the world

SHAI (Showcase of Ayurveda Historical Imprints) Portal: It displays inscriptions, archaeobotanical data, sculptures, philological sources, and advanced archaeo-genetic research.

Establish and operate the International Trade Financial Service Platform (ITFS) to provide a framework for trade financial Services in the International Financial Service Center.

Highlights:

The IFSCA has issued a framework for establishing and operating an International Trade Finance Services Platform in order to provide Trade Finance Services at International Financial Services Centres.

This framework will allow importers and exporters to use different types of trade financing facilities under competitive conditions to conduct international trade transactions through the dedicated electronic platform ITFS.

This will assist them in converting their trade receivables into liquid funds and obtaining short-term funding.