Archive For The “April-2017” Category

Global Economic Prospects

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Stagnant global trade, subdued investment, and heightened policy uncertainty marked another difficult year for the world economy. A subdued recovery is expected for 2017, with receding obstacles to activity in commodity exporters and solid domestic demand in commodity importers. Weak investment is weighing on medium-term prospects across many emerging markets and developing economies (EMDEs). Although…

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E-Waste Management Rules, 2016

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The Ministry of Environment, Forest and Climate Change has notified the E-Waste Management Rules, 2016 in supersession of the e-waste (Management & Handling) Rules, 2011. Announcing the notification of the rules here today, Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Prakash Javadekar, said that norms have been made more stringent…

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Kigali Agreement

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A historic global climate deal was reached in Kigali, Rwanda at the Twenty-Eighth Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer (MOP28).The so called Kigali Amendment which amends the 1987 Montreal Protocol aims to phase out Hydrofluorocarbons (HFCs) , a family of potent greenhouse gases by the late…

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Chenani-Nashri Tunnel

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Chenani-Nashri Tunnel, also known as Patnitop Tunnel, is a road tunnel in the Indian state of Jammu and Kashmir on NH 44 (former name NH 1A before renumbering of all national highways). The work was started in 2011 and was inaugurated on 2 April 2017 by Prime minister Mr. Narendra Modi. It is India’s longest…

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PowerTex India

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The Union Ministry of Textiles has launched PowerTex India, a three-year comprehensive scheme for Powerloom Sector Development.The PowerTex India scheme aims to boost common infrastructure and modernisation of the powerloom sector in the country. Key Facts PowerTex India scheme comprises new research and development in power loom textiles, new markets, branding, subsidies and welfare schemes…

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South Asia Sub-regional economic Cooperation (SASEC)

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The South Asia Subregional Economic Cooperation (SASEC) Program, set up in 2001, brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation. Since 2001, SASEC countries have implemented 47 regional projects worth…

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Capital expenditure under the budget of the Government of India

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Under Article 112 of the Constitution of India, the Annual Financial Statement has to distinguish expenditure of the Government on revenue account from other expenditures. Government Budget, therefore, comprises of Revenue Budget and Capital Budget. Capital Budget consists of capital receipts and capital payments. The capital receipts are loans raised by Government from public, called…

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2017 Union budget of India

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It was presented before the parliament on 1 February 2017 by the Finance Minister of India, Arun Jaitley with 21.47 lakh crore rupees (US$ 336.39 billion) budget size. The Finance Minister of India started speech by quoting “Madam Speaker, On this auspicious day of Vasant Panchami, I rise to present the Budget for 2017-18. Spring…

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Read about Demonetization on 8 November 2016

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On 8 November 2016, the Government of India announced the demonetisation of all ₹500 (US$7.80) and ₹1,000 (US$16) banknotes of the Mahatma Gandhi Series.The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.The sudden nature of the…

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Swachhata Status Report

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The Ministry of Statistics and Programme Implementation is an Indian government ministry concerned with coverage and quality aspects of statistics released.The surveys conducted by the Ministry are based on scientific sampling methods. The current head of the ministry is DV Sadananda Gowda. National Sample Survey Office (NSSO) It is responsible for conducting socio-economic surveys. It has…

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What is TPP , TTIP , ASEAN , G4 ?

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The Trans-Pacific Partnership (TPP), or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The agreement, originally signed on 4 February 2016, is being renegotiated after the United States withdrew.The eleven remaining members reached a partial agreement…

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