‘Formation & Promotion of 10,000 Farmer Produce Organizations (FPOs): The Ministry of Agriculture and Farmers Welfare celebrated the first anniversary of the Central Sector Scheme titled ‘Formation & Promotion of 10,000 Farmer Produce Organizations (FPOs)’. In February 2020, at Chitrakoot (Uttar Pradesh) with a budgetary provision of Rs. 6865 crore. More than 2200 FPOs produce […]
Category: Economics Current Affairs
Second Advance Estimates Of National Income 2020-21
Second Advance Estimates Of National Income, 2020-21: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income, 2020-21 at Constant (2011-12) and Current Prices. The growth in GDP during 2020-21 is estimated at -8.0 percent as compared to 4.0 percent in 2019-20. GDP at Current […]
Competition Commission Of India : Regional Office (South) in Chennai
Competition Commission of India (CCI): Union Minister for Finance and Corporate Affairs inaugurated the Competition Commission of India’s (CCI) Regional Office (South) in Chennai. Status: A statutory body established under the provisions of The Competition Act, 2002. Established in: 2003. A Chairperson and 6 Members appointed by the Central Government. Headquarters: New Delhi. Preceding agency: […]
What Is Inflation Targeting?
Inflation Targeting: The Reserve Bank of India (RBI) in its Currency and Finance (RCF) report for the year 2020-21 has said that the current inflation target band (4% +/-2%) is appropriate for the next 5 years. Inflation Targeting: It is a central banking policy that revolves around adjusting monetary policy to achieve a specified annual […]
Bad loans to be transferred to the Centre’s proposed bad bank.
Bad bank: The Indian Banks’ Association (IBA) has begun identifying bad loans which can be transferred to the Centre’s proposed bad bank. The IBA has written to banks asking them for a list of all bad loans worth Rs 500 crore and above to “identify the magnitude of the problem” and “get clarity over initial […]
CECPA Between India And Mauritius – Approved by Union Cabinet
Comprehensive Economic Cooperation And Partnership Agreement (CECPA) Between India And Mauritius: The Union Cabinet has approved the signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius. The India-Mauritius CECPA is the first trade agreement signed by India with a country in Africa. About CECPA : It is a kind of […]
What is a Blank-Cheque Company?
Blank-Cheque Company: Renewable energy producer ‘ReNew Power’ announced an agreement to merge with RMG Acquisition Corp II, a blank-cheque company or a Special Purpose Acquisition Company (SPAC). About Blank-cheque Company: A SPAC, or a blank-cheque company, is an entity specifically set up with the objective of acquiring a firm in a particular sector. The aim […]
What is India Urban Data Exchange (IUDX)?
India Urban Data Exchange (IUDX): Housing and Urban Affairs Minister Hardeep Singh Puri launched India Urban Data Exchange (IUDX). The India Urban Data Exchange has been developed in partnership between the Smart Cities Mission and the Indian Institute of Science (IISc), Bengaluru. IUDX serves as a seamless interface for data providers and data users, including […]
22nd Meeting Of The Central Employment Guarantee Council
22nd Meeting Of The Central Employment Guarantee Council: The 22nd Meeting of the Central Employment Guarantee Council was held on 23.02.2021 under the Chairmanship of Union Minister of Rural Development. The Central Employment Guarantee Council has been constituted under Section 10 of the Mahatma Gandhi National Rural Employment Guarantee Act (Mahatma Gandhi NREGA), 2005. […]
Who was India’s Top Trading Partner in 2020?
India’s Top Trade Partner: China has again become India’s top trading partner in the year 2020. The reason was that India was still dependent on the import of heavy machines, telecom equipment, and home appliances from China. The provisional data from the trade between both countries in the year 2020 stood at $77.7 billion. However, […]
