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Page-3 of GS-III-Economic Development

Association of Southeast Asian Nations (ASEAN)

The Association of Southeast Asian Nations (ASEAN) was established in 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by Indonesia, Malaysia, Philippines, Singapore...

 December 14, 2022

Asian Development Bank (ADB)

Established in 1966, the Asian Development Bank finances development in the Asia and Pacific region with the aim to reduce poverty. ADB is located in Manila, Philippines. ADB...

 December 14, 2022

Food and Agriculture Organization (FAO)

Food and Agriculture Organization of the United Nations (FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger. Serving both developed and...

 December 14, 2022

International Development Association (IDA) & International Fund for Agricultural Development (IFAD)

The International Development Association, IDA, is the World Bank's Fund for the Poorest Countries. IDA complements the World Bank's original lending arm'the International Bank for Reconstruction and Development...

 December 14, 2022

International Bank for Reconstruction and Development (IBRD)

One of five institutions that make up the World Bank Group, the IBRD is structured something like a cooperative owned and operated for the benefit of its 188...

 December 14, 2022

IMF and World Bank

Introduction The International Monetary Fund and the World Bank were both created at an international conference convened in Bretton Woods, New Hampshire, United States in July 1944. They...

 December 14, 2022

International Monetary Fund (IMF)

Introduction The International Monetary Fund (IMF) was conceived at a United Nations conference convened in Bretton Woods, New Hampshire, United States, in July 1944. The 44 governments represented...

 December 14, 2022

Explicit Subsidies

Only a part of the Central Government subsidies is clearly visible in the Government's budget document. Such explicit subsidies, mainly on food, fertilizer and petroleum, account for about...

 December 14, 2022

Tax & Budget Concepts

A tax is a compulsory payment levied on the persons or companies by the State to meet the expenditure incurred on conferring common benefits upon the people. Tax...

 December 13, 2022

National Capital Goods Policy

The earlier FDI policy on pharmaceutical sector provides for 100% FDI under automatic route in greenfield Pharma and FDI up to 100% under government approval in brownfield pharma....

 December 13, 2022

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