India became the second largest exporter of textiles in the world: UN Comtrade

1.    India became the second largest exporter of textiles in the world: UN Comtrade

i. India became the second largest exporter of textiles in the world. This was revealed by the recent data released by UN Comtrade in Global Textiles as well as Apparel Exports.

Global Textile Exports

i. In Global Textiles Exports, India overtook Italy to become the second largest exporter. China still remains the largest exporter of textiles in the world.

ii. India’s share in Global Textiles increased by 17.5% in the year 2013 compared to 2012. As a result India's share in the global textile exports in 2013 is 5.2%

iii. Currently India’s textiles exports to the world stand at 40.2 billion US dollars.

2.    Exim Bank provides $46 mn line of credit to Mauritius 

i. Exim Bank has extended USD 46 million line of credit to Mauritius for financing goods and defence related vehicles purchases.

ii. Exim Bank has entered into an agreement...for a Line of Credit of USD 46 million for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of financing purchase of specialised defence-related equipment and vehicles for the Mauritius Police Force [MPF] in Mauritius," RBI said in a notification. 
iii. Exim Bank and Mauritius had entered into the agreement on February 12, 2014. 

iv. Of the total credit, goods and services including consultancy services of at least 75 per cent of the contract price are expected to be supplied by seller from India and remaining 25 per cent goods and services may be procured from outside India. 
v. The credit agreement is effective from May 15, 2014 and the date of execution of agreement is February 12, 2014. 

3.    BJP MP Sumitra Mahajan tipped to be next Lok Sabha Speaker

i. Senior BJP leader and eight-time Member of Parliament from Indore Sumitra Mahajan is most likely to take over as the next Speaker of the Lok Sabha, reports said on Wednesday.

ii. The election of the new Speaker will be held on Friday. If elected, Sumitra Mahajan will be only the second woman Speaker ever.

iii. Meira Kumar, who presided over the House for the last five years, was the first woman to grace the chair of Lok Sabha Speaker.