Monetary Policy Committee: • It is a statutory and institutionalized framework under the Reserve Bank of India Act, 1934, for maintaining price stability, while keeping in mind the objective of growth. • The 6-member Monetary Policy Committee (MPC) constituted by the Central Government as ...

■ INTERIM GOVERNMENT (1946) ✓Members and portfolio they held. ◇ Jawaharlal Nehru - Vice-President of the Council; External Affairs & Commonwealth Relations. ◇ Sardar Vallabhbhai Patel - Home, Information & Broadcasting. ◇ Dr. Rajendra Prasad - Food & Agriculture. ◇ Dr. ...

Pradhan Mantri Surakshit Matritva Abhiyan ✅ launched by the Ministry of Health & Family Welfare (MoHFW), Government of India. ✅ The program aims to provide assured, comprehensive and quality antenatal care, free of cost, universally to all pregnant women on the 9th of every month. ✅ ...

■ Centre declares Soya Meal as an Essential Commodity up to 30th June, 2022- ✓Recently, the government has notified, under the Essential Commodities Act 1955, to declare 'soya meal' as an essential commodity up to 30th June, 2022. ✓This step is expected to stop any unfair practises (like ...

■  Early signs of worsening air emerge in Northeast India- ✓According to an analysis of air quality by the Delhi-based Center for Science and Environment, air quality in India’s northeast States is worsening. ✓As per the study it appears to be under threat by the same sources — ...

Economic development • Economic development is the quantitative and qualitative change in an economy. • Economic development refers to the reduction and elimination of poverty, unemployment, and inequality with the context of growing economy. • Economic development means an improvement in ...

Economic growth • Economic Growth is the positive change in the indicators of the economy. • Economic Growth refers to the increment in the amount of goods and services produced by an economy. • Economic growth means an increase in real national income / national output. • It refers to ...

Program for Development of Semiconductors and Display Manufacturing Ecosystem in India ✓The scheme would provide financial support of up to 50% of the project cost for setting up semiconductor and display fabrication units. ✓The scheme was aimed at making India a global hub of electronic ...

■  Ministry of Petroleum and Natural Gas launches Open Acreage Licensing Programme- ✓Recently, the Government launched the Open Acreage Licensing Programme(OALP)Bid Round-VII for International Competitive Bidding in continuation of its aggressive programme for exploration and adhering to ...

■ COMMUNAL AWARD ◇ In August 1932, Ramsay MacDonald, the British Prime Minister, announced a scheme of representation of the minorities, which came to be known as the Communal Award. ◇ The award not only continued separate electorates for the Muslims, Sikhs, Indian Christians, Anglo-Indians ...

■  Thar desert expanding fast with land degradation - ✓Recently, the Central University of Rajasthan conducted a study on desertification of the Thar region. ✓The study was undertaken as part of an assessment of the environmentally sensitive areas within the framework of the UN ...

Types of Budgets •Zero Based Budgeting: ✓Zero-based budgeting is a method of budgeting in which all expenses are evaluated each time a Budget is made and expenses must be justified for each new period. ✓Zero budgeting starts from the zero base and every function of the government is ...