Year: 2020

Finance minister announces 4th tranche of economic measures

News:The Union Finance Minister has announced the 4th economic package under Atma Nirbhar Bharat Abhiyan. Facts: Coal sector: Commercial mining will be introduced in the coal sector and the government monopoly in coal mining will be removed. Defence production:  Enhancing self-reliance in defence production- Indigenization of imported spares, separate budget provisioning for domestic capital procurement. … Continue reading Finance minister announces 4th tranche of economic measures

World Economic Situation and Prospects Report

News:World Economic Situation and Prospects(WESP) mid year 2020 Report has been released. Facts: The report is released jointly by the United Nations Department of Economic and Social Affairs(UN/DESA), United Nations Conference on Trade and Development(UNCTAD) and the five United Nations regional commissions. Key Takeaways: Global economy: It is forecast to shrink by 3.2% in 2020.… Continue reading World Economic Situation and Prospects Report

Army proposes three-year-tour of duty for citizens

News:The Indian Army is considering a model called the “Tour of Duty” Scheme. Facts: Tour of Duty Scheme: It is a proposed voluntary service to allow civilians of the country to join the Indian Army for three years and serve as both officers or jawan in the army. Currently, the only option apart from regular… Continue reading Army proposes three-year-tour of duty for citizens

Global Forest Resources Assessment 2020

News: The Global Forest Resources Assessment 2020(FRA 2020) has been released by the United Nations Food and Agriculture Organization(FAO). Facts: The report presents a comprehensive view of the world’s forests and the ways in which the resource is changing. It is based on the assessment of more than 60 forest-related variables in 236 countries and… Continue reading Global Forest Resources Assessment 2020

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