Gross Domestic Product Gross Domestic Product (GDP) is defined as the value of all final goods and services produced within the country in a particular year. GDP as an economic indicator is used worldwide to show the economic health of …
FRBM review committee In 2017, the FRBM (Fiscal Responsibility and Budget Management) Act review committee headed by NK Singh recommended the Central government to bring down the fiscal deficit to 3% of the GDP by 2020. Fiscal deficit = …
About UN Peacekeeping Forces The United Nations Peacekeeping Forces are employed by the UN to maintain or re-establish peace in an area of armed conflict. The UN may engage in conflicts between states as well as in struggles within states. …
About the scheme: Aim : To provide assured income support to the small and marginal farmers. The income support of Rs. 6000/ was given to the farmers irrespective of the size of their land holdings (Previously it was up to …
About the initiative The ‘Ek Bharat Shreshtha Bharat’ initiative was announced by the Prime Minister Narendra Modi on 31st October, 2015 on the occasion of the 140th birth anniversary of Sardar Vallabhbhai Patel. The programme aims to actively enhance interaction …
About FCI Food Corporation of India (FCI) is a statutory Organization under the Ministry of Consumer Affairs, Food & Public Distribution. It was set up in 1965 under the Food Corporations Act 1964 with the primary duty to purchase, store, …
Context: Union Finance Minister Nirmala Sitharaman recently announced major reforms for Public Sector Undertakings, as a result of which many sectors are likely to see large-scale consolidation and divestment of State-run firms. What is the Background? The government will soon …
Context: Prime Minister Narendra Modi and Sri Lanka’s President Gotabaya Rajapaksa in a telephonic conversation agreed to accelerate Indian-assisted development projects in Sri Lanka and discussed the possibility of promoting investments by India’s private sector. What is the Background? The …
Context: The 73rd session of the World Health Assembly (WHA) took place virtually from May 18-19. During the session, countries including India, Japan, Indonesia, New Zealand, UK and Canada accepted a resolution asking for an “impartial, independent and comprehensive evaluation” …
What’s in the news? In its effort to push start the economy using the post-COVID-19 relief and recovery package, the government has relied heavily on measures aimed at pushing credit to banks, NBFCs and businesses big and small, which are …