What’s in the news? Following is an analysis of economic impact due to COVID-19 pandemic by Professor of Economics Santosh K Mehrotra. Worse than 2008 crisis Comparing the present situation with the pre-2008 crisis, he said, the current situation is …
About heat waves: A Heat Wave is a period of abnormally high temperatures, more than the normal maximum temperature that usually occurs during the summer season in the North-Western parts of India. When does it occur? Heat Waves …
About locust: Locusts are the oldest migratory pest in the world which is mainly tropical grasshopper with strong powers of flight. They differ from ordinary grasshoppers in their ability to change behaviour (gregarize) and form swarms that can migrate …
About GST Council It is a constitutional body created by Article 279A (1). It is a joint forum of the Centre and the States with regards to GST. Composition of GST Chairperson – Union Finance Minister Members: Union Minister of …
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 before the release of Index of …
Gross Domestic Product Gross Domestic Product (GDP) is defined as the value of all final goods and services produced within the country in a particular year. GDP as an economic indicator is used worldwide to show the economic health of …
FRBM review committee In 2017, the FRBM (Fiscal Responsibility and Budget Management) Act review committee headed by NK Singh recommended the Central government to bring down the fiscal deficit to 3% of the GDP by 2020. Fiscal deficit = …
About UN Peacekeeping Forces The United Nations Peacekeeping Forces are employed by the UN to maintain or re-establish peace in an area of armed conflict. The UN may engage in conflicts between states as well as in struggles within states. …
About the scheme: Aim : To provide assured income support to the small and marginal farmers. The income support of Rs. 6000/ was given to the farmers irrespective of the size of their land holdings (Previously it was up to …
About the initiative The ‘Ek Bharat Shreshtha Bharat’ initiative was announced by the Prime Minister Narendra Modi on 31st October, 2015 on the occasion of the 140th birth anniversary of Sardar Vallabhbhai Patel. The programme aims to actively enhance interaction …