Page-9 of Economic growth
Industrial Meet of ‘Wings India’-Asia’s largest Civil Aviation Event held at Bengaluru
On January 18, 2020, the Industrial meet of the Asia’s largest Civil Aviation was held in Bengaluru. The Civil Aviation event is to be held at Begumpet airport, Hyderabad in March 2020. The theme of the event will be Theme: ..
Month: Current Affairs - January, 2020
Amazon to invest 1 billion USD in India; Create 1 million jobs
On January 17, 2020, one of the world’s largest retailer Amazon announced that it has planned to invest 1 billion USD in India and generate 1 million jobs. Globally Amazon has increased its employee base four times. Highlights The retailer ..
Month: Current Affairs - January, 2020
Retail Inflation at 5-year high of 7.35% in December, 2019
According to the data released by Ministry of Statistics and Programme Implementation on January 13, 2020, the food inflation increased to 14.12% in December 2019 as compared to 10.01% in November 2019. The CPI (consumer Price Index) rose to 7.35% ..
Month: Current Affairs - January, 2020
World Bank’s Global Economic Prospect: World Economic Growth projected at 2.5%
On January 9, 2020, the World Bank released its Global Economic Prospect. According to its forecast, the world is expected to grow economically at the rate of 2.5%. This is the lowest prediction since that predicted in 2008-09, 3.1%. By ..
Month: Current Affairs - January, 2020
India will overtake Germany; Become 4th largest economy in the world in 2026
According to a report released by UK based Centre for Economics and Business Research (CEBR), India will overtake Germany in 2026 to become the world’s fourth largest economy. The report also said that by 2034, India will overtake Japan and ..
Month: Current Affairs - January, 2020
Finance Minister announces 102 lakh crore rupees project
On December 31, 2019, Finance Minister Nirmala Sitaraman announced 102 lakh crore worth projects to be implemented in next 5 years. During the announcement, she also released the report of Task Force on National Infrastructure Pipeline for 2019-2025. Highlights The ..
Month: Current Affairs - January, 2020
Major global cities to slow down according to research
New research studies have predicted that the growth in major cities around the world will slow down in 2020 and 2021. The Oxford economic researchers reported that out of 10 major cities across the world, 9 will slow down. Of ..
Lok Sabha clears Taxation (Amendment) bill, 2019
On December 2, 2019, Lok Sabha passed the Taxation Laws (Amendment) bill, 2019. The main objective of the bill is to provide an option for the domestic companies to pay taxes at the rate of 22%. Key Features The bill ..
Month: Current Affairs - December, 2019
NITI Aayog’s concerns on Vehicle Scrappage Policy
The Ministry of Road and Transport Highways recently released Draft Guidelines for Vehicle Scrapping Facility. The guidelines include land requirements, scrapping procedures, criteria for scrapping of vehicles. It applies to all automobile collection centers, vehicle owners, required audits and finances. ..
Month: Current Affairs - November, 2019
Committee on Companies Act, 2013 submits its report to Finance Ministry
Ministry of Finance and Corporate Affairs constituted the Company Law Committee in September 2019. The Committee submitted its report to the Finance Minister on November 18, 2019. Objective of the Committee The Committee was constituted to decriminalize the Companies Act, ..