Why in News: An extended range sea-to-sea variant of the BrahMos supersonic cruise missile was test fired from the recently commissioned stealth guided missile destroyer INS Visakhapatnam. New features This version of the missile has been designed to launch either …
Levels of Economic Integration Economic integration takes the form of the Preferential Trade Area, Free Trade Area, Customs Union, Common Market and Economic Union. A preferential trade area (PTA) is a trading bloc that gives preferential access to certain products …
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 …
India is undergoing a population change. This is evidenced by its current fertility rate of 2.0, median age of 29 years, and dropping dependency ratio (expected to decrease from 65 percent to 54 percent in the coming decade). This opens …
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 …
An important report on “India and international law” by the parliamentary committee on external affairs discussed how Indian courts have dealt with international law. The committee observed that India follows the principle of “dualism”, that is, international law does not …