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 compiled and constructed by IHS Markit, an information services provider. PMI …
Asian Development Bank (ADB) ADB is a multilateral development bank established in 1966. It is headquartered in Manila, Philippines The largest shareholders of ADB are- Japan (15.6%) ,United States (15.6%), China (6.4%), and India (6.3%) Objectives It aims to promote …
What’s in the news? Recently, the Supreme Court ruled that it can exercise its plenary power to do “complete justice” under Article 142(1) of the Constitution to dissolve a marriage on the ground that it had broken down irretrievably, without …
Law on Sedition (Section 124A) Section 124A of the Indian Penal Code (IPC), deals with sedition. It was drafted by Thomas Babington Macaulay and included in the IPC in 1870. It states that ‘Whoever, by words, either spoken or written, …
About ADB The Asian Development Bank (ADB) was founded in 1966 with the primary mission of fostering growth and cooperation among countries in the Asia-Pacific Region. It is headquartered in Manila, Philippines. At present, ADB comprises 68 members (including India)- …
About CEPA India and the United Arab Emirates (UAE)’ Comprehensive Economic Partnership Agreement (CEPA) was signed in 2022. CEPA covers goods, services and digital trade, among others, that will allow 90% of India’s exports a duty-free access to the Emirates. …
About The Declaration of Philadelphia is a statement of aims adopted by the International Labour Organization in 1944 and embodies basic principles of economic justice. It declares the following: that labour is not a commodity; that freedom of expression and …