economic development Current Affairs - 2020

World Economic Forum to hold Twin Summit

On June 3, 2020, the World Economic Forum announced that it is to host its next summit in Davos under the theme “The Great Reset”. The forum has named the summit as “A Unique Twin Summit”. Highlights The 51st annual summit of the World Economic Forum is to bring together global leaders, civil society and Read More…

Delhi announced as next Google Cloud Region after Mumbai

On March 5, 2020, Google announced that it will open its next cloud region of India at Delhi by 2021. This is the second cloud region of Google after Mumbai, that was launched in 2017. Google owns 22 cloud regions in Asia Pacific. Highlights Along with Delhi Cloud Region, Google will also open its data Read More…

Fourth Anniversary of Shyama Prasad Mukherji Rurban Mission celebrated

The Fourth Anniversary of Shyama Mukherji Rurban Mission is being celebrated all over India on February 21, 2020. It was launched on February 21, 2016. The mission aims at stimulating local economic development and create well planned Rurban Regions Highlights The mission aims to develop 300 Rurban clusters. The Niti Aayog has proposed that these Read More…

India-US Economic and Financial Partnership Meeting held

The 7th India-US Economic and Financial partnership meeting was held in New Delhi. It was Co-chaired by Finance Minister Nirmala Seetharaman and US Secretary Steven T Minuchin. The leaders took efforts to improve mutual cooperation on wide range of multilateral subjects. It included combating financing of terrorism and anti-money laundering. Highlights India and US discussed Read More…

Global Competitiveness Index, 2019

India ranked 68th in the annual Global Competitiveness Index. It is the worst performing among the BRICS nations along with Brazil that is ranked at 71. The Global Competitive Index is compiled by World Economic Forum. The Forum has mapped 141 countries using 103 indicators. India had dropped 10 places. A number of similar economies Read More…