IMF’s World Economic Outlook Update hews down India’s growth forecast to 6.1%

The International Monetary Fund (IMF) in its World Economic Outlook Update, chopped down India’s economic growth projection from 6.8 % to 6.1% in 2012. This is the result of slowdown in external demand and deceleration in domestic demand. The slow ..

Month: Current Affairs - July, 2012

India set to become eighth largest shareholder in IMF

India is ready to become the 8th largest shareholder in the IMF after quota reforms which are expected to be finalized at the agency’s annual meeting at Tokyo in October 2012. Once the quota reforms are put through, India’s share ..

Month: Current Affairs - June, 2012

India need not transfer $10 bn into IMF right away

India may not be required to infuse $10 billion (Rs 55,000 crore) it promised at the G20 to the International Monetary Fund (IMF) for bailing out debt-trapped Euro zone if the global economic situation gets better The amount to be ..

Month: Current Affairs - June, 2012

IMF lowers India’s growth forecast to 6.9% for 2012

­­The IMF (International Monetary Fund) lowered India’s growth forecast to 6.9% for this year. The lowered growth outlook in 2012 owes much to a slowdown of investment which partly reflects structural factors IMF called for renewed efforts to revive the ..

Month: Current Affairs - April, 2012

India assumes the Chairmanship of UN South Asian Regional Commission for Tourism

Chairmanship of UN South Asian Regional Commission for Tourism was assumed by India. It was declared at the current UN World Tourism Organisation (UNWTO) conference at Gyeongju in South Korea. Previously, Iran held the Chair of the Commission for the ..

Month: Current Affairs - December, 2011

UNCTAD: India’s GDP to develop 8.1% in 2011

As per UNCTAD (United Nations Conference on Trade and Development), Indian economy likely to expand by 8.1% in 2011 This would be the fastest growth rate in the world after China In its global release of Trade and Development Report ..

Month: Current Affairs - November, 2011

Current Affairs Current Affairs : National : October 2009

October 13, 2009: World’s fastest growing telecom market is IndiaAccording to a latest report by Moodys India is the fastest growing telecom market of the world, leaving behind China. India’s net additions of 10 million (subscribers) per month have far ..

Month: Current Affairs - October, 2009

Category: Government Schemes Current Affairs

Current Affairs Current Affairs : Business & Economy : August 2009

August 13,2009: Govt thinking over raising retirement age to 62 yearsAugust 13, 2009: Group of Minsiters (GOM) to Monitor droughtAugust 13, 2009: India’s Engineering exports down by 21% in JuneAugust 13, 2009: India signs free trade pact with ASEANAugust 13, ..

Month: Current Affairs - September, 2009

UNIDO : United Nations Industrial Development Organization

The United Nations Industrial Development Organization (UNIDO) helps developing countries and economies in transition in their fight against marginalization.UNIDO mobilizes knowledge, skills, information and technology to promote productive employment, a competitive economy and a sound environment. Furthermore, the Organization enhances ..