Economic Development

CBDT notifies E-appeals scheme 2023 Recently the Central Board of Direct Taxes (CBDT) has launched the “e-appeal” scheme announced in the budget to reduce the pendency of appeals related to tax deducted at source and

Reduction in stunting : but wasting, obesity are concerns : Report According to the Joint child malnutrition estimates released by UNICEF, WHO and the World Bank, In line with global and regional trends, stunting has

NITI Aayog’s Annual Health Index 2020-21 Kerala, Tamil Nadu and Telangana have emerged as top performers among ‘large states’ in NITI Aayog’s annual ‘Health Index’ for the COVID era for 2020-21. Key Features of the

NITI Aayog to hold 8th Governing Council Meeting Recently the Prime Minister of India chaired the 8th meeting of the Governing Council of NITI Aayog. It was represented by Chief Ministers/Lieutenant Governors of 19 States

Geographical Expansion of Cases of Dengue Recently the Indian Council of Medical Research (ICMR) has confirmed that the geographical spread of dengue infection has increased from eight states in 2001 to the entire country. ICMR

Fortification of Rice : an effective way to combat anemia Recently, the pilot project of rice fortification in India has reduced the cases of anemia. According to a United Nations report, a pilot project for

Joint Child Malnutrition Estimates – 2023 Report  Recently the report “Child Malnutrition Levels and Trends: Combined Child Malnutrition Estimates 2023” has been released. The report has been released jointly by UNICEF, the World Health Organization

ITF Transport Outlook 2023 The International Transport Forum (ITF) has released the Transport Outlook 2023 report at the Leipzig Transport Conference. The Transport Outlook Report is a biennial report. The report examines the effects of

Eurasian economic union meets to speed up proposed FTA with India Recently the Eurasian Economic Union (EAEU) has held a meeting to speed up the proposed Free Trade Agreement (FTA) with India. EAEU has decided

Parliament approved Competition Amendment Act 2023  Recently the Central Government has notified several provisions of the Competition (Amendment) Act, 2023. Through this Amendment Act, amendments have been made in the Competition Act, 2002. The main

The London Inter-Bank Offered Rate Recently, the Reserve Bank of India (RBI) has asked banks and financial institutions to end their dependence on the London Interbank Offer Rate (Libor) by 1 July. This is a

Credit card spend in forex to come under RBI’s remittance scheme Recently, it was announced by the Finance Ministry that the expenditure incurred abroad with credit card will now be brought under the liberalized remittance

India’s First Commercial Flight Powered By Indigenous Sustainable Aviation Recently, in a significant development towards decarbonizing the aviation sector, the country’s first commercial passenger flight successfully took off using an indigenously produced Sustainable Aviation Fuel

India launches ‘Operation Karuna’ to aid cyclone-hit Myanmar Recently, India has launched ‘Operation Karuna’ to help Myanmar devastated by Cyclone Mocha. Three Indian Navy ships carrying relief material reached Yangon on 18 May. Indian Ambassador

Pradhan Mantri Matsya Sampada Yojana (PMMSY) Recently 7 large field studies are being conducted under Pradhan Mantri Matsya Sampada Yojana (PMMSY). This field study is being done by the National Productivity Council (NPC). NPC is

WHO releases report ‘Promoting the development of new antibacterial therapies, 2023’ Recently the World Health Organization (WHO) has released the report ‘Promoting the development of new antibacterial therapies, 2023’. This report has been released by

Bhopal First Indian City to Track Progress on SDGs Recently Bhopal became the first Indian city to monitor progress towards the achievement of the Sustainable Development Goals (SDGs). Agenda for action in Bhopal: Sustainable urban

RBI collaborates with GFIN to prevent ‘greenwashing’ Recently the Reserve Bank of India (RBI) will join the Greenwashing TechSprint of the Global Financial Innovation Network (GFIN). RBI has opened the application window for all India-based

Bosch study finds socio-economic cost of road accidents Passenger cars account for the largest share of road accidents in India. The above findings are part of a study by Bosch. The findings were released during

Draft Framework for Cross Border Insolvency Recently, the government may defer plans to take cross-border insolvency proceedings. Cross-border insolvency refers to situations in which an insolvent debtor has assets and/or creditors in more than one

Centre finalises ‘Model Prisons Act, 2023’ The Central Government has prepared a detailed Model Prisons Act, 2023. It will replace the pre-independence ‘Prisons Act, 1894’. The Prisons Act, 1894 mainly focused on the detention of

25th anniversary of Pokhran-II Recently the 25th anniversary of Pokhran-II has been celebrated. It may be noted that in May 1998, India tested five nuclear bombs at the Pokhran Test Range of the Indian Army.

India’s agricultural exports reach an all-time high  According to the Department of Commerce (DoC) data, India’s total agricultural exports during 2022-23 stand at $53.1 billion. This has surpassed last year’s record level of $50.2 billion.

64th Foundation Day of Border Roads Organization Border Roads Organization (BRO) celebrated its 64th Raising Day on May 07, 2023 in all the troops across the country. BRO Technical Training Complex and an Automated Driving

Petroleum Ministry received Energy Transition Advisory Committee Report Recently the Energy Transition Advisory Committee (ETAC) has submitted a report on “The Green Shift: The Low Carbon Transition of India’s Oil and Gas Sector”. The Energy

Government Programme for NCD Renamed The Ministry of Health and Family Welfare (MoHFW) has renamed the National Program for Prevention and Control of Cancer, Diabetes, Heart Disease and Stroke (NPCDCS). It will now be called

Clinical Trial Opportunities in India Report India is emerging as a favorable destination for conducting clinical trials, according to a report by PwC India and the US-India Chamber of Commerce (USAIC). The report titled ‘Opportunities

India calls for finding permanent solution to food stockholding at 2024 WTO meet Recently, India has sought a permanent solution to food stock holding in the meeting of the World Trade Organization (WTO) Committee on

India-Myanmar Kaladan project flagged off Recently a ship was flagged off from Syama Prasad Mukherjee Port in Kolkata to Sittwe Port in Myanmar. With this, the Sittwe port has officially started operations. The shipment is

Ajay Banga Selected 14th President of the World Bank The Executive Directors of the World Bank on 3 May 2023 elected Indian-American Ajay Banga as the 14th President of the World Bank for a five-year