Current Affairs, News & Facts of 04 Jun 2014

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  • India is now the world's second largest textile exporter after China.  
    • China still maintains a heavy lead over India with its trade volume being almost 7 times as high.
    • The data, released by the Apparel Export Promotion Council, states that over 55% of global trade relates to readymade garments.
    • Italy, Germany and Bangladesh secured third, fourth and fifth ranks respectively.
    • Textiles includes everything from fibre and yarn to fabric, readymade garments made of cotton, silk, wool and synthetic yarn. 
  • India slips to 7th rank, lowest in over a decade, in the foreign direct investment confidence index.  
    • The index has been topped by the United States for the second year in a row.
    • The survey conducted by global consulting firm AT Kearney takes into account the data of 2012. 
    • Indian could only attract $25.5 billion FDI inflows in 2012 (7th) as against $31.6 billion in 2011 (5th rank).
    • This is the lowest ranking for India since 2001. 
    • India was ranked second for three years in 2005, 2007 and 2012 and was placed on the third spot in 2010.
  • Scientists at the National Dairy Research Institute (NDRI) cloned female buffalo calf, Lalima, using indigenously developed hand-guided cloning technique.  
    • Lalima, a Murrah buffalo, is the seventh buffalo clone produced by NDRI.
    • Murrah is high milk yielding mature buffalo and thus the efforts will go a long way in solving our growing need for milk.
    • In this particular technique, somatic cells from an ear of a Murrah buffalo are taken to produce a clone. 
    • India has the world’s largest population of buffaloes and they contribute about 55 per cent of the total milk production in the country.
  • The CEAT Cricket Ratings Awards for 2013-2014 presented. - read more cat
  • China marks the 25th anniversary of the student-led Tiananmen Square Protest that took place on June 4, 1989.  
    • The protest was a movement for democracy in China which was nipped in the bud by communist military might.
    • Hundreds were disposed with in the government crackdown.
    • Government has heightened security around Tiananmen Square fearing related demonstration.

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