Services Sector Current Affairs, GK & News

Services Sector  Current Affairs, GK & News

India’s services activity contracts fourth month in a row-Services PMI at 34.2

The services industry in the country has shown contraction for the fourth straight month in July since the sales plunged and companies were prevented from manufacturing activities due to the lockdown situation imposed owing to the COVID 19 pandemic. The data has been published by a monthly survey on the services sector in India. Highlights ..

Month: 

Category: 

Topics: 

Nikkei India Services Business Activity Index: Key Facts

The seasonally adjusted Nikkei India Services Business Activity Index report makes the following observations about the Services Business Activity in India: The index witnessed a drop for the second straight month in January to 52.2 from 53.2 in December. The fall indicates a softer expansion in output. The growth was supported by favourable public policies, enhanced ..

Month: 

Topics: 

IMF, World Bank and WTO launch Reinvigorating Trade and Inclusive Growth Report

International Monetary Fund (IMF), World Bank and World Trade Organization have collectively launched report “Reinvigorating Trade and Inclusive Growth”. In this report all three international organisations have sought liberalisation of global service sector, asserting that barriers to these services trade currently is roughly as high as those to trade in goods about a half century ..

Month: 

Topics: 

Services PMI contracts to 47.8 in February 2018

The Nikkei India Services Business Activity Index contracted at 47.8 in February 2018 compared with 51.7 in January 2018. A reading above 50 implies an expansion while one below 50 denotes a contraction. The contraction shows that activity and new work in services sector declined for the first time since November 2017, with rates of ..

Month: 

Topics: 

Union Cabinet approves Action Plan for Champion Sectors in Services

Union Cabinet has approved the proposal of Ministry of Commerce and Industry to give focused attention to 12 identified Champion Services Sectors (CSS) for promoting their development and realizing their potential. 12 identified CSS are Information Technology & Information Technology enabled Services (IT & ITeS), Medical Value Travel, Transport and Logistics Services, Tourism and Hospitality ..

Month: 

Topics: