World Economic Situation and Prospects 2019: Key Facts

The United Nations report World Economic Situation and Prospects 2019 has been released. The important findings of the report are: The report estimates that Global growth is expected to remain steady at 3% in 2019 and 2020, after an expansion ..

Month: Current Affairs - January, 2019

World Economic Outlook Report: Key Facts

The International Monetary Fund has released the global wealth forecasts for 2019 in its World Economic Outlook report. The important findings of the IMF forecast are: IMF cut its estimate for global growth in 2019. World Economic Outlook (WEO) projecting ..

Month: Current Affairs - January, 2019

EU opens India’s first Jean Monnet Centre of Excellence in New Delhi

European Union (EU) has established India’s first Jean Monnet Centre of Excellence (CoE) at Department of European Studies (DES) at Manipal Academy of Higher Education (MAHE) in New Delhi. It comes with grant of €1,00,000 to pursue India-EU interdisciplinary studies ..

Month: Current Affairs - December, 2018

Aeolus: European Space Agency launches world’s first wind-sensing satellite

European Space Agency (ESA) has successfully launched wind-sensing satellite named Aeolus into orbit on board of Vega rocket from French Guyana. It is world’s first wind-sensing satellite dedicated to map Earth’s wind on global scale in particular tropical winds which ..

Month: Current Affairs - August, 2018

Economic Partnership Agreement: EU, Japan sign massive free trade deal

European Union (EU) and Japan have signed Economic Partnership Agreement (EPA). It was signed at EU-Japan summit in Tokyo by EU Presidents Jean-Claude Juncker and Donald Tusk and Japanese Prime Minister Shinzo Abe. It is biggest ever trade deal negotiated ..

Month: Current Affairs - July, 2018

India to host 23rd European Union Film Festival (EUFF-2018)

India will host the 23rd European Union Film Festival (EUFF-2018) at the Siri Fort Auditorium in New Delhi from 18 – 24 June. The festival will improve cultural ties between India and European countries. Approx 24 latest European movies from ..

Constitutional Provisions on Hindi

Articles 343: official language of the Union will be Hindi. The original constitution had provided that for a period of 15 years from 1949, English will continue to be used for all official purposes of the Union subject to extension ..

India, EU ink cooperation agreement to share earth observation data from each other's satellite

India’s Department of Space (DoS) and European Union (EU) have signed cooperation agreement related to sharing of earth observation satellite data. The agreement aims to strengthen and stimulate cooperation on earth observation and mutual access to data from EU’s Sentinel ..

Month: Current Affairs - March, 2018

India imposes anti-dumping duty on some stainless steel imports

The Union Finance Ministry (Department of Revenue) has imposed anti-dumping duty on some cold-rolled flat products of stainless steel from China, United States, South Korea and European Union to curb the influx of cheaper imports and help local producers. The ..

Month: Current Affairs - October, 2017

The European Investment Bank (EIB) signed € 300 million of loan pact with India for Bangalore Metro Rail Project Phase II

The European Investment Bank (EIB) has signed the Finance Contract with India to € 300 million for Bangalore Metro Rail Project Phase II Line R6. The objective of the project is to bring in a quantum improvement in the transportation ..