WINSON COMPETITIVE GUIDE OCT2016 | Page 32

WINSON COMPETITIVE GUIDE • The Defence Acquisition Council (DAC) has cleared proposals worth 1,900 crore rupees (close to $3 billion). All these approved proposals will be executed under ‘Buy India’ by Indian contractors. • The 2016 BRICS Labour & Employment Ministerial Meet was held in New Delhi from September 27- 28, 2016 to deliberate on issues including job creation and social security for workers. • The Union Cabinet has given its approval to ratify the Paris Agreement (on Climate Change) on Gandhi Jayanti i.e. on 2nd October 2016. • The Indira Gandhi International (IGI) Airport has become Asia-Pacific’s only and one of the world’s few airports to achieve a carbon neutral status. • The Union Government has given its approval to change the name of Gurgaon to ‘Gurugram’. • India has been ranked 39th among the 138 countries in the 2016-17 Global Competitiveness Index (GCI). • India will not take part in the South Asian Association for Regional Cooperation (SAARC) summit in Islamabad (Pakistan) to be held in November 2016. 32