Subject: Economy Context: For the first time since 2002, India’s merchandise trade balance turned surplus of $790 million in June Reasons: This is a rare occurrence because since 1976-77, there has not been a single year when India did not incur a substantial merchandise trade deficit. Improvement in trade balance has been driven mainly by a sharper […]
Subject: Economy Context: A new analysis published in The Lancet has projected about world population and its trends. Concept: Findings World population will peak much earlier than previously estimated. It projects the peak at 9.73 billion in 2064, which is 36 years earlier than the 11 billion peak projected for 2100 by last year’s UN […]
Subject: Economy/IR Context: 15 July is celebrated as World Youth Skills Day. Concept: The United Nations invented day aims at spreading awareness of the importance that technical and vocational education, training, and the development of new skills holds in our lives and is relevant to both local and global economies. The day highlights the opportunities and […]
Subject: Economy Context: The consumption of mobile and broadband data in rural India under the BharatNet scheme more than doubled in last three months compared to the preceding three months from January to March 2020. Concept: BharatNet is planned to connect all the 2,50,000 Gram Panchayats in the country for providing broadband connectivity in the […]
Subject: Economy Context: Indian government has identified 12 priority sectors with potential for import substitution and boosting exports. Concept: Identified sectors: Food processing, organic farming, iron & steel, aluminium& copper, agrochemicals, electronics, industrial machinery, furniture, leather & footwear, auto parts, textiles and marine products. Import substitution The policy of encouraging domestic production by raising barriers […]
Subject: Economy Context: The Expert Appraisal Committee of the Environment Ministry has recommended the grant of Environmental Clearance for the development of an economic corridor between Tamil Nadu and Karnataka under Bharatmala Pariyojna Concept: It is a new umbrella program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across […]