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Daily Current Affairs – 2020
Topic: For Prelims and Mains
CENTRAL REVENUES CONTROL LABORATORY (CRCL)
Why in News?
Central Revenues Control Laboratory (CRCL), New Delhi was recognized as a Regional Customs Laboratory (RCL) of the World Customs Organisation (WCO) for Asia-Pacific Region.
Central Revenues Control Laboratory (CRCL), New Delhi is under the administrative control of Central Board of Indirect Taxes & Customs.
Established in 1939, CRCL is the headquarters of 14 Revenue Laboratories, including 2 laboratories working at Government Opium & Alkaloid Works, Ghazipur & Neemuch.
With its recognition as RCL, CRCL joins a select group of Customs Laboratories in the region like those in Japan & Korea.
About WCO :
The World Customs Organization (WCO), established in 1952 as the Customs Co-operation Council (CCC) is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.
It is headquartered in Brussels, Belgium.
Facts For Prelims:
PMI or a Purchasing Managers’ Index (PMI):
PMI is an indicator of business activity — both in the manufacturing and services sectors.
It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before.
It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction.
Higher the difference from this mid-point greater the expansion or contraction.