Economic development Current Affairs, GK & 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 ..

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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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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 ..

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