# Economy and Policy India ranks **51** in the Democracy Index 2019. Ranking fell 10 places from 2018. Norway topped Democracy Index. ------ India signs 15 MoU with Brazil including Cyber Security Brazilian President Jair Messias Bolsonaro ------ #### RBI raises investment limit for FPIs in debt At present shot-term investments by a foreign portfolio investors (FPI) shouldn't exceed 20% of total investment of that FPI in either the government securities (including treasury bills) or state development loans or corporate bonds. The Short-term investment limit has been **increased to 30%** <hr> #### Government of India and World Bank signed a $210 million loan agreement for the State of Maharashtra To support *Agribusiness and Rural Transformation* projects in Maharashtra. * Andhra Pradesh, Chief Minister Jagan Mohan Reddy inaugurated first Disha Police Station in East Godavari district - Ministery of External Affiairs has been awarded for its e-governance initiatives and implementing the e-office. - Samruddha Krishi Niti 2020 has been proposed by Odisha to increase the income of farmers. - **Tilhan Mission** has been launched by the Government to make the country self reliant in **oilseed** production - Rajasthan Government has announced that "Nehru Bal Sanrakshan Kosh", will be established to prevent child labour and trafficking. - The Northern Coalfields Ltd (NCL) has established a research and development center named SARAS - *Sccience and Applied Research Alliance and Support* - Supreme Court has directed the state governments to establish **Gram Nyalalayas** to provide speedy and inexpensive justice to people in rural areas at their doorsteps. - India is 2nd ranked among the largest steel prodcuers of crude steel as per *World Steel Association*. China is ranked 1st. - Indian Oil Corporation has signed 1st term contract with Russian Rosneft to import 2 Million Metric tonnes of Ural grade oil to India in the year 2020.