Generalized System of Preferences (GSPs) Subject: Economy Section: National Income Context: The Centre may engage with the industry to assess the impact of the European Union’s decision to withdraw preferential tariff benefits for certain products from India, including electrical machinery, plastics, articles of stones and articles of leather, from January 2023 Details: Under the […]
US jobs-recession paradox Subject: Economy Section: National Income Context: There is no historical precedent for a recessionary economy to produce 528,000 jobs in a month — as the US economy did in July Details: A recession generally caused by an increase of interest rates by the Reserve Bank of a country. Rising rates […]
Gross State Domestic Product Subject: Economy Section: National Income Context: Emerging from the shock of the Covid-19 pandemic, economies of 19 states and Union Territories exceeded their pre-Covid levels according to the Ministry of Statistics and Programme Implementation. Details: In 2021-22, India’s GDP expanded at 8.7 per cent against a 6.6 per cent […]
Daily Practice Sheet 21 August 2022 Daily Prelims Topics The principle of lis alibi pendens and Forum non conveniens Grameen Udyami Parliamentary ST Cluster Development Project What is India’s policy on the Rohingya? Improving rice yield with an additional gene Rs 6250-cr IPO was approved: PharmEasy’s parent company withdraws DRHP Himachal Pradesh […]