Economic development Current Affairs, GK & News

Maiden Tranche of Sovereign Green Bonds

The Government of India issues bonds to support environmental projects. These bonds that bring in resources to implement such climate-related projects are called Sovereign Green Bonds. They are similar to government securities. The first tranche, meaning the first part or portion of the Sovereign Green Bonds, was recently launched. The net worth of the Green ..

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Jal Jeevan Mission achieves 11 crore tap water connections

Prime Minister Narendra Modi recently applauded the Jal Jeevan Mission for achieving 11 crore tap water connections. The mission was announced by the PM in 2019. The main objective of the mission is to provide tap water connections to every household in India. And the target is to be achieved by 2024. For this mission, ..

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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 ..

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World Economic Forum to hold Twin Summit

On June 3, 2020, the World Economic Forum announced that it is to host its next summit in Davos under the theme “The Great Reset”. The forum has named the summit as “A Unique Twin Summit”. Highlights The 51st annual summit of the World Economic Forum is to bring together global leaders, civil society and ..

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Delhi announced as next Google Cloud Region after Mumbai

On March 5, 2020, Google announced that it will open its next cloud region of India at Delhi by 2021. This is the second cloud region of Google after Mumbai, that was launched in 2017. Google owns 22 cloud regions in Asia Pacific. Highlights Along with Delhi Cloud Region, Google will also open its data ..

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Fourth Anniversary of Shyama Prasad Mukherji Rurban Mission celebrated

The Fourth Anniversary of Shyama Mukherji Rurban Mission is being celebrated all over India on February 21, 2020. It was launched on February 21, 2016. The mission aims at stimulating local economic development and create well planned Rurban Regions Highlights The mission aims to develop 300 Rurban clusters. The Niti Aayog has proposed that these ..

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