Government e-Marketplace: Government e-Marketplace achieves a Gross Merchandise Value (GMV) of Rs. 1.5 Lakh Crores. GeM has been effectively contributing to the government’s commitment of “Minimum Government, Maximum Governance”. Gross Merchandise Value (GMV): GMV refers to the value of goods sold via customer-to-customer or e-commerce platforms. It is calculated prior to the deduction of […]
Category: Economics Current Affairs
Subsidiary Of EXIM Bank
Subsidiary Of EXIM Bank: Union Finance Minister recently announced the setting up of a subsidiary of EXIM Bank and data embassies at GIFT City in Gujarat. EXIM Bank is the premier export finance institution of the country. It was established by the Government of India, under the Export-Import Bank of India Act, 1981 EXIM […]
Indian Institute Of Millet Research (IIMR) In Hyderabad : Act As a Centre Of Excellence (Union Budget 2023)
Indian Institute Of Millet Research (IIMR) In Hyderabad : Act As a Centre Of Excellence(Union Budget 2023) During the presentation of the Union Budget 2023, Union Finance Minister announced that the Indian Institute of Millet Research (IIMR) in Hyderabad will act as a Centre of Excellence (CoE) for ‘Shree Anna’ to take the research on […]
Ekalavya Model Residential Schools : Teachers To Be Hired
Ekalavya Model Residential Schools: Teachers To Be Hired Finance Minister recently said that as many as 38,800 teachers will be hired for Ekalavya Model Residential Schools. Ekalavya Model Residential Schools (EMRS) started in the year 1997-98 to impart quality education to ST children in remote areas to enable them to access the best opportunities in […]
Union Budget 2023-24 : Highlights
Union Budget 2023-24: Highlights The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. Budget Estimates 2023-24: The total receipts other than borrowings are estimated at Rs 27.2 lakh crore and the total expenditure is estimated at Rs 45 lakh crore. The net tax receipts are estimated […]
Economic Survey For 2022-23: Highlights
Economic Survey For 2022-23: Finance Minister recently tabled the Economic Survey for 2022-23 in the Lok Sabha. The Economic Survey 2022-23 highlighted that India’s economic recovery from the pandemic is complete and the economy is expected to grow in the range of 6% to 6.8% in the coming financial year 2023-24. Highlights of Economic Survey […]
World Economic Outlook 2023
World Economic Outlook 2023: The International Monetary Forum recently released the World Economic Outlook. According to the report, the Inflation in India is to reduce to 6.8% in March 2023. Further by the end of 2023, the inflation will reduce to 5%. In 2024, Indian Inflation will be 4%. The report also said that global […]
Layoff Of Employees : Reason
Layoff Of Employees: The International Business Machines Corp (IBM) has announced that it would be laying off about 3,900 employees. It is the latest in the series of Big Tech layoffs in 2022, the tech sector alone shed more than 1,50,000 employees, with several more job cuts being announced since the start of the new […]
Formation Of Three Grievance Appellate Committees
Formation Of Three Grievance Appellate Committees: The Union government notified the formation of three Grievance Appellate Committees (GACs) that will address user complaints against social media and other internet-based platforms. These panels will also be empowered to oversee and revoke content moderation-related decisions taken by these platforms. Each of the three GACs will have a […]
Study Of State Finances : RBI Report
Study Of State Finances : RBI Report The Reserve Bank of India recently released its study of state finances. The report details the financial positions of the states and also presents an analysis of states receiving GST Compensation. Tamil Nadu is one of the five states in the country to receive GST compensation. The other […]
