What’s in the news? Retail inflation rose to 5.59 % in December, mainly due to an uptick in food prices. The Consumer Price Index (CPI) based retail inflation was 4.91 % in November 2021 and 4.59 % in December 2020. …
About the Scheme In order to improve India’s performance at Olympics and Paralympics, the Ministry of Youth Affairs and Sports started the Target Olympic Podium Scheme (TOPS) in 2014. This was revamped in April 2018 to establish a technical support …
About WTO The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It …
About Lok Adalat Lok Adalat (people’s courts) is a body established by the government to settle disputes through conciliation and compromise. Lok Adalat is an alternative method of dispute resolution. It is a forum where disputes or cases pending in …
What’s in the news? World Bank has said that Indian economy is expected to grow at 8.3 percent in the current financial year. It has upgraded India’s GDP growth for the next fiscal to 8.7 percent, reflecting higher investment from …
Why in News: The Ministry of External Affairs signed an agreement with Tata Consultancy Services Limited for the second phase of the Passport Seva Programme (PSP), one of the several Mission Mode Projects (MMPs) of the Government of India. The …
About PM GatiShakti Recently, Prime Minister Narendra Modi has launched the “PM GatiShakti — National Master Plan” for infrastructure development aimed at boosting multimodal connectivity and driving down logistics costs. About the project PM GatiShakti is a digital platform that …
Context China’s status as a ‘developing country’ at the World Trade Organization (WTO) has become a contentious issue with a number of countries raising concerns over the upper middle-income nation deriving benefits reserved for developing countries under WTO norms. Moreover, …