Author: ForumIAS

India retains position as third largest economy in PPP

News: The World Bank has released the new Purchasing Power Parities (PPPs) for reference year 2017 under its International Comparison Program (ICP). Facts: International Comparison Program(ICP): It is the largest worldwide data-collection initiative managed by the World Bank under the guidance of the UN Statistical Commission(UNSC). Objective:  To produce purchasing power parities(PPPs) and comparable price… Continue reading India retains position as third largest economy in PPP

Government launches another funding scheme to help the distressed MSME sector

News: Union Minister of Micro, Small and Medium Enterprises(MSMEs) has launched Credit Guarantee Scheme for Subordinated Debt(CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. Facts: Aim: To extend support to the promoters of the operational MSMEs which are stressed and have become NPA as on 30th April, 2020. Guarantee: It provides a… Continue reading Government launches another funding scheme to help the distressed MSME sector

‘Country of origin’ must on e-marketplace platform, says government

News: The Union government has made it mandatory for all sellers on the Government e-Marketplace(GeM) to list the Country of Origin while registering new products.  Facts: Government e-Marketplace(GeM): It is a National Public Procurement portal launched in 2016 for procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs.… Continue reading ‘Country of origin’ must on e-marketplace platform, says government

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