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Current Affairs

Important articles of current affairs of India and world are posted here.

Know about RCEP and why India did not join it?

/ Current Affairs, Economy

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between the 15 Asia-Pacific nations (10 ASEAN members and their five FTA members): Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, and Vietnam. Important facts about RCEP : Introduced in : The Regional Comprehensive Economic Partnership […]

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Important Highlights OF the ECONOMIC SURVEY 2020-2021

/ Current Affairs, Economy

Highlights OF The ECONOMIC SURVEY 2020-2021 Economic survey is annual document prepared by Department of Economic Affairs, the Ministry of Finance under the guidance of Chief Economic Advisor. It is regarded as the official report card of the union government which gives a roadmap for the country’s economy and spells the way forward. It provides

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Development Finance Institutions (DFIs)| Important Points

/ Current Affairs, Economy

Development Finance Institutions (DFIs) Why DFIs is in news ? In the budget for 2021-22, the government has proposed the setting up of a new development finance institution called the National Bank for Financing Infrastructure and Development . The institution will be set up on a capital base of Rs 20,000 crore and will have

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inflation

Steps to bounce back the Indian Economy| Important Points

/ Current Affairs, Economy

Steps to bounce back the Indian Economy Important steps to bounce back the Indian economy are discussed below: Economic Factors Gross fixed capital formation declined (29% of GDP in 2018-19 to 24.2% in 2020-21). We need to reverse this trend. The government will need to step up public investments to boost growth. In a developing

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New Farm Laws and The Farmers Protest against it

/ Current Affairs

Before understanding the farm laws, first know about the APMC system Under the APMC Act, the states can establish agricultural markets, popularly known as mandis. The sale of agricultural commodities can occur only in the mandis through auction. The sales process in mandis is regulated through commission agents (CAs) who mediate between the farmers and

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