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The phrase "Temples of Modern India" was introduced by Jawaharlal Nehru, India's first Prime Minister. He used this term while laying the foundation for the Bhakra Nangal Dam. This phrase symbolizes the significance of scientific research institutes, steel plants, power generation facilities, and dams that emerged in India after gaining independence in 1947. Nehru believed that these projects were essential for India's industrial and scientific advancement....
The <strong>India Trade Promotion Organisation</strong> (ITPO) is an important government agency in India. It is located at <strong>Pragati Maidan</strong> and operates under the <strong>Ministry of Commerce and Industry</strong>. Its main job is to promote international trade for India. ITPO is classified as a <strong>Mini-Ratna Category-1 Central Public Sector Enterprise (CPSE)</strong>, meaning it is fully owned by the Government of India....
Economic liberalisation in India refers to a set of changes made to open up the country's economy. The main aim was to make it more flexible and focused on consumer needs. This involved encouraging private and foreign investments to boost economic growth and development. Although initial attempts at opening the economy occurred in 1966 and the early 1980s, major reforms began in 1991....
The Board for Industrial and Financial Reconstruction, often referred to as the BIFR, was a prominent financial institution in India. It was directly under the control of the Ministry of Finance, a part of the Indian government. The Ministry of Finance, in turn, falls under the Department of Financial Services. ...
Urbanization refers to the process where people move from rural areas to live in cities, leading to the growth of urban populations. Since India gained independence in 1947, urbanization has significantly increased, largely due to the country's mixed economy that promotes both public and private sectors....
The <strong>Comprehensive Economic Cooperation Agreement (CECA)</strong> is a significant trade agreement between <strong>Malaysia</strong> and <strong>India</strong>. Its main goal is to boost trade and economic ties between the two countries. This agreement serves as a framework for improving trade relations by reducing tariffs and encouraging various forms of economic collaboration....
The COVID-19 pandemic has significantly disrupted the worldwide food industry. To curb the spread of the virus, governments across the globe have enforced strict shutdowns on restaurants, taverns, and similar establishments. Consequently, daily customer visits to restaurants have witnessed a severe drop compared to 2019 figures. ...
Bihar is one of the quickest-growing economies in India. The economy mainly relies on services, with agriculture and industry also playing important roles. As of 2023-24, Bihar's Gross State Domestic Product (GSDP) is around ₹9,76,514 crores (approximately $120 billion). ...
On June 28, 2006, the Indian government announced a ban on the export of certain agricultural products, including pulses, sugar, and wheat. This decision came from the Finance Minister of India as a response to rising domestic shortages in these essential food items. The ban was intended to protect the local market and ensure that there was enough supply for the Indian population....
The <strong>Mission Organic Value Chain Development for North Eastern Region (MOVCD-NER)</strong> is one scheme among a host of initiatives implemented by the Central Government of India. Unlike other similar subsidies or programs, the MOVCD-NER focuses exclusively on promoting organic farming and the development of organic value chains in the North East region of India....