Context: • The article analyzes the differing approaches adopted by India and China with respect to their African outreach efforts. Africa’s vulnerability: • The COVID-19 pandemic would be devastating particularly in Africa, where economic and public health conditions are extremely vulnerable. • Though the African […]
Report • Global Economic Prospects is a World Bank Group flagship report that examines global economic developments and prospects, with a special focus on emerging market and developing economies. • It is issued twice a year, in January and June. • The January edition includes […]
Context: • The Cabinet has given its approval for setting up of an Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of the Central Government for attracting investments in India. * This will put in place an investment friendly ecosystem that […]
• Border Adjustment Tax means that a tax is levied on imports (goods made overseas) and exports are not taxed. • It is imposed on imported goods in addition to the customs levy that gets charged at the port of entry. Context: • NITI […]
Context: • In pursuance of the commitment to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. • The Ordinance amends the Banking Regulation Act, 1949 as applicable to Cooperative Banks. What it intends to do? • The […]
Context: • Issuance of domicile certificates in Jammu and Kashmir. Background: • The erstwhile State of J&K had gained special powers to define its ‘permanent residents’ and restrict land, educational and employment rights only to them. • Subsequent to changes to Articles 370 and 35A […]