Source: Indian Express Context: ground: The International Monetary Fund’s latest World Economic Outlook has predicted that Bangladesh’s per capita GDP will overtake that of India this year. International development institutions have asked the rest of the subcontinent and developing countries around the world to learn much from Dhaka’s experience or the Bangladesh model. What are the… Continue reading Regional implications of Bangladesh’s Economic Success
Timeline: Issue of GST Compensation Cess
In the latest update on the issue of GST compensation, The Central government has decided to borrow up to Rs 1.1 lakh crore on behalf of the states to meet the shortfall of Goods and Services Tax(GST) compensation. [wptabs id=”66923″]
Union Agriculture Minister launches Ayushman Sahakar Scheme
News: Union Minister of State for Agriculture has launched Ayushman Sahakar Scheme. Facts: Nodal Body: The scheme has been formulated by the National Cooperative Development Corporation(NCDC). Aim: To extend term loans to prospective cooperatives to the tune of Rs.10,000 Crore for the setting up of healthcare related infrastructure, education and services. Eligibility: Any Cooperative… Continue reading Union Agriculture Minister launches Ayushman Sahakar Scheme
Australia to take part in naval excercise Malabar 2020
News: The Ministry of Defence(MoD) has announced that Australia will be participating in the naval exercise ‘Exercise Malabar’. Facts: Exercise Malabar: It is an annual exercise which began in 1992 as a bilateral exercise between India and the U.S.Then it got expanded into a trilateral format with the inclusion of Japan in 2015. Aim:… Continue reading Australia to take part in naval excercise Malabar 2020
Heeng cultivation starts in India for first time
News: Heeng(Ferula assa-foetida) cultivation has started for the first time in India in Lahaul and Spiti in Himachal Pradesh. Facts: Heeng(asafoetida): It is a herbaceous plant of the umbelliferae family.It is a perennial plant which produces oleo-gum resin from the roots after five years of plantation. Climate: It can be grown in unutilized sloppy… Continue reading Heeng cultivation starts in India for first time
Centre gives in, says will borrow to make up for states’ GST shortfall
News: The Central government has decided to borrow up to Rs 1.1 lakh crore on behalf of the states to meet the shortfall of Goods and Services Tax(GST) compensation. Facts: Borrowing Mechanism: Under the Special Window, the estimated shortfall of Rs 1.1 lakh crore will be borrowed by Centre in appropriate tranches.The amount so borrowed… Continue reading Centre gives in, says will borrow to make up for states’ GST shortfall
IIT-M develops indigenous microprocessor
News: Indian Institute of Technology, Madras have developed a microprocessor named ‘Moushik’ Facts: Moushik: It is an indigenous microprocessor-cum-system on a chip that can cater to the rapidly-growing Internet of Things(IoT) devices. The project was funded by the Ministry of Electronics and Information Technology. Additional Facts: Microprocessor: It is an integrated circuit(IC) that… Continue reading IIT-M develops indigenous microprocessor
76% of rural Indians can’t afford a nutritious diet: study
News: A paper has been published titled “Affordability of nutritious diets in rural India”It is a study authored by International Food Policy Research Institute economist Kalyani Raghunathan and others. Facts: Source of study : The study uses the latest available food price and wage information dataset from the 2011 National Sample Survey. Methodology used:… Continue reading 76% of rural Indians can’t afford a nutritious diet: study
IFSCA introduces framework for ‘Regulatory Sandbox’
News: International Financial Services Centres Authority(IFSCA) has introduced a Framework for Regulatory Sandbox to tap into innovative FinTech solutions. Facts: What is a Regulatory Sandbox? It is an infrastructure that helps financial technology (FinTech) players live test their products or solutions before getting the necessary regulatory approvals for a mass launch. IFSCA Regulatory Sandbox:… Continue reading IFSCA introduces framework for ‘Regulatory Sandbox’
Conditions for growth of Cotton Crop
Cotton is the world’s most important fibre crop and the second most important oilseed crop. Cotton is a Kharif Crop and grows well in tropical and subtropical areas. It requires average Annual Rainfall of 55 to 100 cm. It requires uniformly high temperature ranging from 21°C to 30°C. The growth of cotton is retarded when… Continue reading Conditions for growth of Cotton Crop
