The Government have budgeted the fiscal deficit for 2019-20 at 3.4% of the Gross Domestic Product which is slightly higher than the target of 3.3% of GDP that the government had set itself last year. Fiscal deficit is the amount of money that the government needs to borrow in a given year because their expenses… Continue reading Interim Budget 2019: Centre’s fiscal deficit target goes for a toss
Category: Daily Factly articles
Goyal unveils Vision 2030, highlighting 10 dimensions
The Indian government has unveiled its Vision 2030 for India, listing 10 dimensions. The 10 dimensions are a) robust physical and social infrastructure, b) create Digital India, c) make India Clean and Green, d) Expand Rural Industrialization, e) Increase exploitation of the Blue Economy- sustainable use of ocean resources for economic growth, f) Clean rivers… Continue reading Goyal unveils Vision 2030, highlighting 10 dimensions
New panel for welfare of nomadic communities
Committee will be setup under NITI Aayog to complete the task of identifying de-notified, nomadic and semi-nomadic communities not yet formally classified.The committee will follow up on the work of the Renke Commission and the Idate Commission. A Welfare Development Board will also be set up under the Ministry of Social Justice and Empowerment to… Continue reading New panel for welfare of nomadic communities
The regional great game
The regional great game International Relation News: The article discusses growing bilateral relations between Iran, India, Pakistan and Saudi Arabia. Facts: Iran and Pakistan, which were trying to remain close, are today moving in opposite directions. This development is fueled by India’s growing proximity to Iran and Saudi Arabia’s to Pakistan. India and Iran relations:… Continue reading The regional great game
India bats for timely Afghanistan polls amid talks between US & Taliban
India bats for timely Afghanistan polls amid talks between US & Taliban International relation News: India bats for timely elections in Afghanistan amid talks between US and Taliban. Facts: India’s concerns about democratic elections process: India is concerned that the ongoing negotiations between US and Taliban may put pressure on the upcoming presidential elections in… Continue reading India bats for timely Afghanistan polls amid talks between US & Taliban
Unemployment data based on draft report: NITI Aayog
The government think tank,NITI Aayog dismissed the National Sample Survey Office (NSSO) report on unemployment as a draft and not a final report. The report showed that unemployment rate across the country stood at 6.1 per cent, the highest since 1972-73.It also showed that joblessness was higher in urban India (7.8%) than in rural India… Continue reading Unemployment data based on draft report: NITI Aayog
RBI lifts curbs on three PSBs
The Reserve Bank of India (RBI) have allowed three public sector banks to exit the PCA framework following capital infusion by the government and a decline in net non-performing asset (NPA) ratio. To ensure that banks don’t go bust, RBI has put in place some threshold levels to assess, monitor, control and take corrective actions… Continue reading RBI lifts curbs on three PSBs
What’s causing extreme cold in US Midwest
A record-breaking cold wave has swept through the US Midwest and is stated to be caused by a polar vortex. The polar vortex is a large area of low pressure and cold air surrounding both of the Earth’s poles. The term “vortex” refers to the counter-clockwise flow of air that helps keep the colder air… Continue reading What’s causing extreme cold in US Midwest
Giant cavity in Antarctic glacier signals rapid decay
A NASA-led study has discovered a giant cavity growing at the bottom of the Thwaites Glacier. The glacier is located in western Antarctica and flows into Pine Island Bay, a part of the Amundsen Sea. According to NASA, the Thwaites Glacier is currently responsible for approximately 4% of global sea level rise. It holds enough… Continue reading Giant cavity in Antarctic glacier signals rapid decay
Stormy weather awaits India in 2019
Stormy weather awaits India in 2019 International relation News: Global events signal a Stormy weather year in 2019 with unexpected outcomes for India. Facts: International events: There is global leadership vacuum around the world and the rules governing international order are being diluted. The trade war and hegemony between US on one side and China… Continue reading Stormy weather awaits India in 2019
