Background Last year, the 15th Finance Commission (Chair: Mr. N. K. Singh) submitted recommendations for the 2021-26 period and the report was tabled in Parliament on February 1, 2021. Key recommendations in the report for 2021-26 include: Share of states …
About the NAM The Non-Aligned Movement was formed during the Cold War as an organization of States that did not seek to formally align themselves with either the United States or the Soviet Union, but sought to remain independent or …
About PMBJP Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) is a campaign launched by the Department of Pharmaceuticals to provide quality medicines at affordable prices to the masses. PMBJP stores have been set up to provide generic drugs, which are available …
Economic recovery is the business cycle stage following a recession that is characterized by a sustained period of improving business activity. Normally, during an economic recovery, gross domestic product (GDP) grows, incomes rise, and unemployment falls as the economy rebounds. Economic recovery can take …
Why in News: The Defence Acquisition Council (DAC) which met under the Chairmanship of Defence Minister approved the long-pending deal for the manufacture of 6.71 lakh AK-203 assault rifles in India. The two countries had signed an Inter-Governmental Agreement (IGA) …
About ASEM The Asia-Europe Meeting (ASEM) was established as a dialogue forum in 1996 with 26 partners to bridge Asia and Europe. It is a platform for the countries in Asia and Europe to exchange views on regional and global …
About the Scheme The National Apprenticeship Training Scheme is a one year programme equipping technically qualified youth with practical knowledge and skills required in their field of work. The Apprentices are imparted training by the organizations at their place of …
About FAO The Food and Agriculture Organization (FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger. It’s goal is to achieve food security for all and make sure that people have regular access …
What are SPRs? Strategic Petroleum Reserves (SPR) are huge stockpiles of crude oil stored in the underground rock caverns (considered safest for storage of Hydrocarbons) to tackle emergency situations and allow a country to tide over short-term supply disruptions. They …
Post-pandemic, inflation has started to rise. The Consumer Price Index in the US rose by 6.2 per cent in 2021 compared to last year — highest in three decades. European Union’s inflation at 4.1 per cent in the same month …