What is it? Economic Advisory Council to the Prime Minister (EAC-PM) is a non-constitutional, non-permanent and independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister. The Terms of …
What’s in the news? The US administration has said it was extending the 60-day ban on immigration and non-immigrant worker visas till the end of 2020. Popular work visas including the much-coveted H-1B and H-2B (non-agricultural workers), and certain categories …
What’s in the news? A recent study released by Acuité Ratings & Research said India can potentially reduce its trade deficit with China by $8.4 billion over FY 21-22, which is equivalent to 17.3% of the deficit with China and …
Background India and Nepal share a 1,800km (1,118-mile) open border. Nepal has long claimed the areas of Limpiyadhura, Kalapani and Lipulekh under the 1816 Sugauli treaty with the British East India Company, although these areas have remained under the control …
FDI Routes in India The entry of Foreign Direct Investment (FDI) by non residents into India is regulated through two routes –automatic route and government route. Under the Automatic Route, the foreign investor does not require any approval from the …
Background As a part of the announcements under the Atmanirbhar Bharat Abhiyan, the Central government recently announced that it would allow commercial mining in the coal sector. What is commercial mining? Commercial mining allows the private sector to mine coal …
Background Iran nuclear deal The Joint Comprehensive Plan of Action (JCPOA), more commonly known as the Iran nuclear deal, was reached between Iran and six world powers known as the P5+1 (China, France, Germany, Russia, the United Kingdom, and the …
About the temple Pashupatinath Temple is the largest temple complex in Nepal and stretches on both sides of the Bagmati River. It sees thousands of worshippers from Nepal and India every day. Dedicated to Lord Shiva, Pashupatinath is one of …
About AIIB The Asian Infrastructure Investment Bank (AIIB) is an international development bank that provides financing for infrastructure projects in Asia. Headquartered in Beijing, it began operations in 2016. It includes 102 members worldwide (India is a founder member of …
Trade deficit is not bad: One of the main reasons why banning trade has been the first reaction is the notion that having a trade deficit. Having a trade deficit/surplus against a country doesn’t make the domestic economy weaker or …