In News Recently, the IMF released a World Economic Outlook report that retained the global economic growth forecast of 6% for 2021. World Economic Outlook It is a report by the International Monetary Fund (IMF) that analyzes key parts of the IMF’s surveillance of economic developments and policies in its member countries. It also projects […]
In News In a recent setback to India, Britain’s Cairn Energy Plc has secured a French court order to seize around 20 government properties in Paris to recover a part of the USD 1.72 billion due from India following an arbitration panel overturning levy of retrospective taxes. About the Issue The French court, Tribunal Judiciaire […]
In News Recently, the Reserve Bank of India released its latest Financial Stability Report (or FSR). About FSR FSR is Published twice each year and is one of the most crucial documents on the Indian economy. It reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to […]
In News For India, a completely new journey commenced on July 1, 2017, with goods and services tax, being touted as one of the biggest economic reforms of independent India. Goods and Service Tax (GST) Goods and Services Tax is an indirect tax used in India on the supply of goods and services. It is […]
In News The United Nations commemorates 27th June as World Micro, Small and Medium Enterprises (MSMEs) Day. About History: The United Nations (UN) designated this day as Micro, Small and Medium-sized Enterprises Day through a resolution passed in the UN General Assembly in April 2017. In May 2017, a program titled ‘Enhancing National Capacities for […]
In News The Indian economy is completing the first quarter of the current financial year — April, May and June. Two questions come up in this context: How far did the second Covid wave hurt India’s fledgling economic recovery? What are the more medium- to long-term impacts of the second Covid wave? About The […]
In News Recently, the Union Government has released the results of the India Smart Cities Awards Contest (ISAC) 2020. The awards commemorate 6 years of the Ministry of Housing and Urban Affairs’ (MoHUA) three initiatives to spur urban development: Smart Cities Mission (SCM), Atal Mission for Urban Rejuvenation and Urban Transformation (AMRUT) and Pradhan Mantri […]
In News Recently, the Ministry of Ports, Shipping and Waterways (MoPSW) has organised the 18th meeting of the Maritime State Development Council (MSDC). Major Highlights The meeting discussed significant issues pertaining to the overall progress of the maritime sector and agreed that the Central and State Governments will jointly work on the development of […]
In News Recently ,the Government of India has released funds for various activities of Farm Mechanization to empower the farmers through the Sub-Mission on Agricultural Mechanization (SMAM) scheme. Sub-Mission on Agricultural Mechanization (SMAM) The Sub-Mission on Agricultural Mechanisation (SMAM) was launched in the year 2014-15 under the National Mission on Agricultural Extension and Technology. Under […]
In News Recently, the Centre for Science and Environment (CSE) has released the State of India’s Environment Report 2021. CSE is a public interest research and advocacy organisation based in New Delhi. It researches into, lobbies for and communicates the urgency of development that is both sustainable and equitable. Major Findings The report carries […]
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