Nusantara: Indonesia passed a bill replacing its capital Jakarta with East Kalimantan, situated to the east of Borneo island. The new capital city of the country will be called Nusantara. East Kalimantan, where the new capital will be, as per the bill is said to have a world-city vision. It will be designed and managed with the objective of becoming a sustainable city in the world. The bill states that the aim would be to make Nusantara a city, which is “a driver of Indonesia’s economy in the future, as well as a city which is a symbol of national identity and represents the diversity of the Indonesian nation”.
Confederation of Indian Industry: is a non-government, not-for-profit, industry-led and industry-managed organization. It works to create and sustain an environment conducive to the development of India, partnering industry, Government and civil society, through advisory and consultative processes.
Headline Inflation: is the raw inflation figure reported through the Consumer Price Index (CPI) that is released monthly by the Bureau of Labor Statistics. The headline figure is not adjusted for seasonality or for the often-volatile elements of food and energy prices, which are removed in the core Consumer Price Index (CPI). Headline inflation is usually quoted on an annualized basis, meaning that a monthly headline figure of 4% inflation equates to a monthly rate that, if repeated for 12 months, would create 4% inflation for the year. Comparisons of headline inflation are typically made on a year-over-year basis, also known as top-line inflation.
Gadgil Committee: defined the boundaries of the Western Ghats for the purposes of ecological management. It proposed that this entire area be designated as ecologically sensitive area (ESA). Within this area, smaller regions were to be identified as ecologically sensitive zones (ESZ) I, II or III based on their existing condition and nature of threat. It proposed to divide the area into about 2,200 grids, of which 75 percent would fall under ESZ I or II or under already existing protected areas such as wildlife sanctuaries or natural parks. The committee proposed a Western Ghats Ecology Authority to regulate these activities in the area.
National Skill Development Corporation: is Public Private Partnership (PPP) under Ministry of Skill Development & Entrepreneurship (MSDE). It was founded in 2009 as not-for-profit company by Ministry of Finance to address need for providing skilled manpower across various industry sectors. Government of India (GoI) through MSDE holds 49% of share capital of NSDC, while private sector has balance 51% of the share capital. NSDC aims to promote skill development by catalysing creation of large, quality and for-profit vocational institutions. Its objective is to create training capacity in the country; fund vocational training initiatives and create market ecosystem for skill development.
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