About FRBM Act Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. It was mandated that both states and centre would cut the fiscal deficit to 3% by …
What is external debt? External debt is the portion of a country’s debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. Governments and eligible corporations can raise loans from abroad. Components of external debt …
About UNFPA UNFPA, the United Nations Population Fund, is an international development agency that promotes the right of every woman, man and child to enjoy a life of health and equal opportunity. Guided by the 1994 Programme of Action of …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature before the release of Index of …
The United Nations hosted its first Conference on the Human Environment in Stockholm, 1972 which resulted in the Stockholm Declaration of 1972. The declaration emphasizes to lessen air, land, and water pollution and human impact on the environment. India enacted …
Context: Over the past decade, hegemonic China has strengthened its economic and military ties with India’s neighbours in South Asia as part of its global expansionism, which could pose a challenge for India How does China exert its influence in …
Context India’s exports in April 2020 contracted by 60% year-on-year. The steep decline in world trade lays bare the significance of a more digitised trading environment, with minimal manual touch points. Upgradation, digitisation, automation Globally, digitisation of procedures and lower …
About: The Ministry of Food Processing Industries (MoFPI) has launched the PM Formalization of Micro Food Processing Enterprises (PM FME) scheme to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets. The scheme will …
What is ITER? ITER (“The Way” in Latin), (originally the International Thermonuclear Experimental Reactor), is one of the most ambitious energy projects in the world today. ITER is an experimental tokamak fusion reactor facility under construction in Cadarache, France to …