×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 25 June, 2020

  • 12 Min Read

Asian Development Outlook (ADO)

Asian Development Outlook (ADO) is report released by Asian Development Bank. The ADO analyses economic and development issues in developing countries in Asia. This includes forecasting the inflation and growth rates of countries throughout the region, including China and India.

Highlights of the recent report are as follows

  • According to report the Indian economy is expected to contract by 4% during the current financial year (2020-21).
  • Earlier, in April 2020, ADB had projected India’s economy to grow at 4% in 2020-21.
  • The report also highlighted India’s GDP slowed to 3.1% in the last quarter (Jan-March) of the financial year 2019-20, it is the slowest since early 2003.
  • Developing Asia refers to a group of over 40 countries, including India that are members of the ADB.
  • Growth of Developing Asia is expected around 0.1%, this is down from the 2.2% forecast in April 2020 and would be the slowest growth for the region since 1961.
  • However, China is expected to record a positive growth of 1.8% in 2020-21.

Source: IE


Sun, Solar Missions & Solar Phenomenon

Sun, Solar Missions & Solar Phenomenon Context: This topic is important for UPSE Prelims and Mains GS Paper3. Aurora An aurora also known as the polar lights or aurora polaris, is a natural light display in Earth's sky, predominantly seen in high-latitude regions (around the Arctic&nb

Changes in the Prompt Corrective Action norms for bank

Changes in the Prompt Corrective Action norms for banks Context: This topic is important for UPSE GS Paper 3. What will commercial banks under scrutiny need to do to get out of the restrictions imposed by the central bank? The story so far: The RBI issued a notification on November 2 revising norms for commercial banks to be placed under t

Study on Countries’ commitment on Climate Change

Study on Countries’ commitment on Climate Change Context: This topic is important for UPSE GS Paper 3. The findings, while optimistic, come amidst the deliberations underway at Glasgow. How effective are climate change pledges made by countries in containing global warming?  A study published Friday in the journal Science fin

National Investment and Manufacturing Zones (NIMZ)

About National Investment and Manufacturing Zones (NIMZ) The Government of India (GoI) has announced a National Manufacturing Policy, 2011, with the objective of enhancing the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs. NIMZs are one of the important instruments to achieve it. As per the Policy, &ldqu

International Financial Services Center (IFSC)

What is an International Financial Services Center (IFSC)? An IFSC caters to customers outside the jurisdiction of the domestic economy.  Such centres deal with flows of finance, financial products and services across borders.  London, New York and Singapore can be counted as global financial centres.  The&n

Students Achievement

Search By Date

Newsletter Subscription
SMS Alerts