Economic development: GK, Current Affairs, Questions, Trivia and News

Uttar Pradesh: FRBM Ordinance, 2020

On June 22, 2020, the Uttar Pradesh Government announced that it will bring in an ordinance, “UP Fiscal Responsibility and Budget Management”, FRBM Ordinance, 2020. This is the second amendment being made to the act by the state government under CM Yogi Adityanath. Highlights By making the amendment, the Uttar Pradesh State Government will be ..

Major global cities to slow down according to research

New research studies have predicted that the growth in major cities around the world will slow down in 2020 and 2021. The Oxford economic researchers reported that out of 10 major cities across the world, 9 will slow down. Of the top 900 cities across the world, nearly two thirds is expected to experience slower ..

Ministry of Rural Development organizes 2019 SARAS Aajeevika Mela

On 12th October 2019, the SARAS Aajeevika Mela has been organised by the Ministry of Rural Development at India Gate Lawns in New Delhi and will carry on till October 23. It was formally inaugurated by Rural Development Minister Narendra Singh Tomar. The aim of this SARAS Mela to bring the rural women Self Help ..

Green Cover Compensation

While there is no doubt that green cover is essential for human survival and biodiversity on other, it must also be remembered that human activity, even for the most basic needs and a dignified way of living, needs land for sustenance. What happens? The Forest land is one of the few sources of new land ..

Economic Development of the North-East

For the economic development of the north-eastern states, the Indian Government is investing money and leveraging modern technology to help the locals economize their domestic produce. These include bamboo products, bird feathers, traditional clothing items, and beverages.? One such area where the Indian Government can aid in the economic development of the people of the ..

Civil Aviation in India

The domestic civil aviation market has received a major flip with 12 new routes added under the Regional Connectivity Scheme. What is the Regional Connectivity Scheme (RCS)? The RCS also referred to as the UDAN (Ude Desh ka Aam Naagrik) is a major connectivity scheme launched by the Ministry of Civil Aviation. It has two ..

US to end preferential trade terms Under GSP for India

The US President Trump has terminated India’s designation as a beneficiary developing nation under the Generalized System of Preference (GSP) trade programme. Why did the US Withdrew? The US has stated that: India did not assure the US that it will provide equitable and reasonable access to its markets. India has implemented a wide array ..

United Nations releases World Economic Situation and Prospects (WESP) 2019 Mid-year Update

The United Nations (UN) has recently released the World Economic Situation and Prospects (WESP) 2019 Mid-year Update. In it, the UN has lowered its forecast for India’s GDP growth in 2019-20 to 7.1% from its estimate in January of 7.5%, citing an overall slowdown in global growth. The report stated that the global economy is ..