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The Ashgabat Agreement is a crucial transport treaty that involves several countries: Kazakhstan, Uzbekistan, Turkmenistan, Iran, India, Pakistan, and Oman. This agreement aims to enhance the movement of goods efficiently between <strong>Central Asia</strong> and the Persian Gulf region....
The <strong>money market</strong> in India is a part of the broader financial market where short-term funds are borrowed and lent. The duration for these funds typically ranges from <strong>overnight to one year</strong>. The instruments used in the money market behave similarly to cash and help in managing liquidity. ...
External Commercial Borrowings (ECBs) are important financial tools in India that allow Indian businesses and government-owned companies to access loans from foreign lenders. These loans are typically in foreign currencies, which can be advantageous for funding diverse projects....
Globalization is essentially the process of integrating various national and international activities. This concept is not novel to India, as the country has been part of global trade since the era of the Mughals. Back then, India was considered the world's largest economy with a 32.9% share in global GDP and approximately 17% of the world's population....
Container Corporation of India Limited, commonly known as CONCOR, is a significant public sector enterprise in India. This company plays a crucial role in the transportation and management of containerized cargo across the country. ...
India boasts the <strong>18th-largest Exclusive Economic Zone (EEZ)</strong> in the world, covering a substantial area of <strong>2,305,143 square kilometers</strong> (or about <strong>890,021 square miles</strong>). An EEZ is a sea zone that gives a country special rights over the exploration and use of marine resources, including fish, oil, gas, and other natural resources....
The Foreign Exchange Regulation Act (FERA) was legislation introduced in India in 1973. This legal act was issued to govern the incoming and outgoing transactions related to foreign exchange in India. It served to manage the forex market effectively and ensure its alignment with India's economic policies. In simple terms, FERA was meant to control and regulate the exchange of foreign currency in the country. ...
The <strong>Indian Statistical Service (ISS)</strong> is a crucial civil service in India, operating under the <strong>Group A</strong> category of the Central Civil Services. This service is a part of the executive branch of the <strong>Government of India</strong>....
The COVID-19 Pandemic severely affected the Indian economy, triggering disruptions and slowdowns. The last quarter of the fiscal year 2020 saw a reduction in the country's growth to 3.1%, as reported by the Ministry of Statistics. Such a drop was primarily blamed on the pandemic, which complicated an already existing economic slowdown. ...
The trade between India and the Roman Empire was a significant exchange of goods and culture. This trade mainly took place from the Indian subcontinent to the Mediterranean Sea and Europe. There were two main routes for this trade: overland routes through Asia Minor and the Middle East, and a southern maritime route via the Red Sea....