5 Trillion Dollar Economy
CEBR Forecast on Indian Economy
In its annual ‘World Economic League Table’, the London-based Centre for Economics and Business Research (CEBR) predicted that India will become the third economic superpower by 2037. About the World Economic League Table The “World Economic League Table” is an ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs - 2024
New Foreign Trade Policy
The Union Ministry of Commerce and Industry recently announced that the new Foreign Trade Policy. 2021-26 is to come into effect from April 1, 2021. What is the goal of New Foreign Trade Policy? To make India a 5 trillion ..
Month: Current Affairs - January, 2021
Green Field Expressway Project
The Government of India recently agreed to convert the Delhi-Amristar-Katra Expressway into a green field project. The highway will connect five historic towns in the state of Punjab. They include Goindwal Sahib, Sultanpur Lodhi, Khadoor Sahib and Tarn Taran. What ..
Month: Current Affairs - June, 2020
Incentive Scheme for Large Scale Electronics Manufacturing approved by Cabinet
On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create ..
Month: Current Affairs - March, 2020
SIDBI launches “Swavalamban Express” to promote business aspirants
On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various ..
Month: Current Affairs - March, 2020
What is Counter Cyclical Fiscal Policy of GoI?
The Government of India has adopted “Counter Cyclical Fiscal Policy” in order to decrease the Economic Slow Down in the country. The Economic Chief Advisor Subramanian at the Express Adda event in Mumbai highlighted that Counter Cyclical Fiscal Policy is ..