The global economy continues to be hit as one big economy after another falters on economic growth.This increases the likelihood of a global recession in the coming future. As talk of a recession has started,Bond yields curve have also featured in the news both globally and within India as it most accurately reflects what investors… Continue reading Explained: Bonds, yields, and inversions
Category: Daily Factly articles
India, Bhutan natural partners: Modi
Indian Prime Minister is on a visit to Bhutan.During his visit,he held talks with Bhutanese PM to further expand the bilateral partnership. Prime Minister has inaugurated the Mangdechhu hydroelectric power plant.Most of the electricity generated by it will meet the energy requirements of Bhutan and the surplus electricity will be exported to India. He has… Continue reading India, Bhutan natural partners: Modi
PSU banks kick off nationwide exercise to boost credit demand across sectors
Public sector banks(PSBs) has held a consultative process with their branch heads across the country to identify the issues and challenges faced by branches. This exercise was undertaken as part of a bottom-up approach to shape policies so that PSBs can act as a catalyst in making India a $5-trillion economy. The consultative process has… Continue reading PSU banks kick off nationwide exercise to boost credit demand across sectors
Jaishankar to visit Dhaka to discuss bilateral ties
India’s External Affairs Minister will be on a two day visit to Bangladesh. The two countries are expected to review the status of all the issues and projects between the two sides. The visit is being viewed as important due to the upcoming publication of the National Register of Citizens in Assam which has drawn… Continue reading Jaishankar to visit Dhaka to discuss bilateral ties
PM to visit UAE, Bahrain from 23 Aug in bid to boost ties
Indian Prime Minister(PM) will be on a three day visit to Bahrain and the United Arab Emirates(UAE). During the UAE visit,Indian PM will be honoured with the “Order of Zayed” which is the highest UAE civilian award.It is conferred due to distinguished leadership of Prime Minister for giving a big boost to bilateral relations between… Continue reading PM to visit UAE, Bahrain from 23 Aug in bid to boost ties
PM Economic Advisory Council: Need to set up GST Council-like body for public spending
The Economic Advisory Council to the Prime Minister(EAC-PM) has recommended a GST Council-like mechanism for the Centre and states to oversee public expenditure. EAC has said that fiscal consolidation issue as a reason behind this recommendation.The Centre’s fiscal deficit for 2019-20 is 3.3% of GDP. Hence,there are limits to public expenditure as there is a… Continue reading PM Economic Advisory Council: Need to set up GST Council-like body for public spending
5th Meeting of India-Nepal Joint Commission to be held in Kathmandu
The 5th Meeting of India-Nepal Joint Commission will be held in Kathmandu,Nepal.The meeting will be chaired by foreign ministers of both countries. India-Nepal Joint Commission was established in June 1987.The meetings are held alternately in Nepal and India.The last meeting of the Commission was held in New Delhi in 2016. The meeting will review the… Continue reading 5th Meeting of India-Nepal Joint Commission to be held in Kathmandu
Know India Programme
A group of Indian Origin youth has visited India under ‘Know India Programme’(KIP). Know India Programme(KIP) is a flagship programme of Ministry of External Affairs.The programme has been in existence since 2003. The objective of the programme is to engage with Indian origin youth (between 18-30 years) to enhance their awareness about India, its cultural… Continue reading Know India Programme
Committee to review Defence Procurement Procedure
Defence minister has approved the setting up of a Committee to review the Defence Procurement Procedure(DPP). The objective of the committee is to hasten the acquisition of weapons and defence systems and provide impetus to the Make in India initiative to cut down reliance on imported weapons. The Committee has been setup under the Chairmanship… Continue reading Committee to review Defence Procurement Procedure
Pradhan Mantri Laghu Vyapari Maan-Dhan scheme
Government of India is set to launch Pradhan Mantri Laghu Vyapari Man-Dhan scheme.It is a pension scheme for retailers and small traders. The pension scheme assures a minimum monthly pension of ₹3000 per month to small shopkeepers, retail traders and the self-employed people after attaining the age of 60 years once they have contributed to… Continue reading Pradhan Mantri Laghu Vyapari Maan-Dhan scheme
