What’s in the news? As per preliminary data from the Commerce and Industry Ministry, India’s merchandise trade deficit widened to a monthly record of $23.33 billion in May, as exports grew 15.5% to $37.3 billion while imports jumped 56.1% to …
Why in News: The Prime Minister inaugurated the country’s first indigenous test bed to help support the ecosystem around 5G. What is 5G? 5G is next generation wireless network technology that’s expected to change the way people live and work. …
Context Days after issuing an advisory asking people to refrain from sharing photocopies of their Aadhaar Card, the Unique Identification Development Authority of India (UIDAI) opted to withdraw the notification. It stated that the action was to avert any possibility …
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 GeM Launched in 2016, the Government e-Marketplace (GeM) is a 100 percent government-owned company setup under the aegis of the Ministry of Commerce and Industry. It is a completely paperless, cashless and system driven e-market place that enables procurement …
What is the Indus Water Treaty (IWT)? Signed in the year 1960 by former Prime Minister Jawaharlal Nehru and the then President of Pakistan, Ayub Khan, the Indus Water Treaty is an agreement that was made to chalk out the …
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. These industries are likely to impact …
What’s in the news? India’s fourth quarter GDP growth slowed to 4.1 per cent, slowest pace of growth in a year, as the omicron variant hampered economic activity while the war in Ukraine worsened fuel and food inflation. According to …