Current News

Indian Economy :

High Level Advisory Group (HLAG) Report

Recently,Ministry of Commerce and Industry released the report of the High Level Advisory Group (HLAG).


Finance Ministry Cuts Down Corporate Tax

On 20th September, 2019, the government slashed the corporate tax rate for companies by almost 10 percentage points to 25.17 percent and offered a lower rate to 17.01 per cent for new manufacturing firms.


Government To Link MNREGA Wages To Inflation

  • On 18th September, 2019, the Centre decided to inject more money into the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually.

First Mega Food Park In Telangana Inaugurated

  • Recently, the first Mega Food Park (MFP) in Telangana located in the village Lakkampally, Nandipet Mandal of Nizamabad district was inaugurated making it the 17thoperational food Park in the country.

Cabinet Approves Proposal For Review Of FDI Policy

Recently, the Union Cabinet approved the proposal for Review of Foreign Direct Investment(FDI) in four different sectors-Coal Mining, Contract Manufacturing, Single Brand Retail Trading (SBRT) and Digital Media.


National Urban Livelihoods Mission Conferred SKOCH Award

On 29th August, 2019, Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), a flagship mission under the Ministry of Housing and Urban Affairs has been conferred the prestigious SKOCH Governance Gold Award.


Not Much Increase In Allocation For Child Welfare In Budget

Recently, on 5th July, the Union Budget was released by the Finance Minister.


Phillip’s Curve

Why is it in News?

  • Some economists are of the view that inflation in India is under control as the unemployment rate is high, and the relation between inflation and unemployment rate is depicted by the Phillip’s curve.

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