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Daily Archives: October 13, 2022

World Economic Outlook Report: IMF

In News Recently, the International Monetary Fund has released its latest edition of World Economic Outlook Report (WEO) 2022. It is a comprehensive report published twice a year by the International Monetary Fund (IMF). Major Highlights of the Report  The IMF has sharply cut the forecast for global growth from 6.0 per cent in 2021 […]

Examining Demonetisation

In News The Supreme Court recently said that it will have to examine the 2016 demonetisation decision. More about the news Petitions: The petitions are challenging the demonetisation of Rs 500 and 1000 currency notes by the government. Government’s stand: Centre has taken the stand that in view of the subsequent developments and passage of […]

Multi-State Cooperative Societies (Amendment) Bill, 2022

Context  Recently, the Union Cabinet approved the Multi-State Cooperative Societies (Amendment) Bill, 2022 after the announcement by the Union Cooperation Minister.  Objectives/provisions of the Amendment Bill 2022 Incorporation of  provisions of the 97th Constitutional Amendment Act 2011: Regarding constitutional status and protection to cooperatives and guarantees democratic and independent functioning of the cooperative societies. Democratic […]

Prime Minister’s Development Initiative for North East Region (PM-DevINE)

In News The Union Cabinet has recently approved the Prime Minister’s Development Initiative for the North East Region (PM-DevINE). More about the news About: Prime Minister’s Development Initiative for North East Region (PM-DevINE) is a new scheme for the Northeastern states which was announced in the Union Budget.  The scheme will be operational for the […]