Economics
India Boosts Agriculture with New Initiatives
The Government of India has recently launched several programs aimed at revitalizing the agriculture sector, which focus on enhancing farm production, increasing farmer incomes, and promoting sustainable practices. The Union Cabinet’s approval puts stress on the commitment to agricultural improvement. ..
Month: Current Affairs - December, 2024
Category: Agriculture Current Affairs
Masato Kanda Elected as ADB President
The Asian Development Bank (ADB) has appointed Masato Kanda as its 11th President. His term begins on February 24, 2025, and succeeds Masatsugu Asakawa, who will leave office the day before. Kanda will complete Asakawa’s term, which ends on November ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
ASEAN-India Trade in Goods Agreement (AITIGA)
The ASEAN-India Trade in Goods Agreement (AITIGA) joint committee convened to review the bilateral pact, which indicates a step forward in tariff negotiations. This meeting took place from November 15-22 in Delhi and officials from all ten ASEAN nations and ..
Month: Current Affairs - November, 2024
Category: International / World Current Affairs
G20 Summit 2024
Leaders from the G20 gathered in Rio de Janeiro at the Modern Art Museum where President Luiz Inacio Lula da Silva welcomed them and the summit will continue until November 19, 2024. Focus Areas of Discussion The leaders will discuss ..
Month: Current Affairs - November, 2024
Category: International / World Current Affairs
Indian Farmers Faced $120 Billion Implicit Tax Due
In 2023 farmers encountered important financial challenges due to government policies. The Organisation for Economic Co-operation and Development (OECD) reported an implicit taxation of $120 billion on Indian agriculture. This figure is the highest among 54 countries surveyed. The Government ..
Month: Current Affairs - November, 2024
Category: Agriculture Current Affairs
US initiates new anti-dumping duty
The US has initiated new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped there and to find if producers in India are receiving unfair subsidies. In 2018, imports of ..
Odisha government to partner with MIT-based Abdul Latif Jameel Poverty Action Lab (J-PAL)
The Odisha government has decided to partner with Abdul Latif Jameel Poverty Action Lab (J-PAL) for targeted intervention in a set of social sectors including poorest of the poor through policy formulation and evaluations based on experimental research. The co-founders ..
Abhijit Banerjee wins 2019 Nobel Economics Prize for study on poverty
Indian-American Abhijit Banerjee, his wife Esther Duflo and Michael Kremer have jointly won the 2019 Nobel Economics Prize for their experimental approach to alleviating global poverty. Mr Banerjee was educated at the University of Calcutta, Jawaharlal Nehru University (JNU) and ..