Washington Consensus The term Washington Consensus was first used by English economist John Williamson in 1989. Washington Consensus is a set of free-market economic reform policies suggested by the International Monetary Fund, World Bank and the US Department of the treasury. As all the institutions were based in Washington so Read more…
Economics: A Brief Introduction of Economic Systems and Sectors in Economy Adam Smith is known as the father of Economics. Definition of economics: The term economics comes from the Greek term ‘Oikonomia’ which is composed of Oikos (house) and nomos (custom or law) meaning the rules of the household. Economics Read more…
Agricultural systems in the world: A brief introduction of agricultural systems definition of Agriculture: Farming or agriculture is the practice of cultivating plants and livestock. It played a very important role in the development of human civilization. The development of agriculture enabled the human population to grow many times larger Read more…
Nobel Prize 2022 The Nobel Prize and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel were awarded 615 times to 989 people and organizations, between 1901 and 2022. As some received the Nobel prize more than once, this makes a total of 954 individuals and 27 Read more…
Human geography: Nature and scope Human geography deals with the relationship between the physical/natural and the human worlds, the spatial distribution of human phenomena and how they come about, and the social and economic differences between different parts of the world. What is spatial distribution? Spatial distribution in statistics is Read more…
Human Development Index (HDI) 2021-22 Human Development Index (HDI) 2021-22 Release date: 8 September 2022 Released by the Human Development Report Office (HDRO)of the United Nations Development Programme (UNDP) Switzerland ranked first in HDI 2021 with an HDI value of 0.962 India ranked 132 in HDI with a value of Read more…
PM SHRI Schools (Prime Minister Schools for Rising India) Release date of PM SHRI scheme: On the occasion of Teachers’ Day Prime Minister Shri Narendra Modi announced PM SHRI Schools. Teachers’ Day is celebrated in India on the 5th of September every year. Introduction and Aim of PM SHRI: PM Read more…
Important National and International Days Date Event/Day January 4th January International World Braille Day 6th January World Day – War Orphans 9th January Pravasi Bhartiya Diwas 10th January World Hindi Day 11th January National Human Trafficking Awareness Day 12th January National Youth Day (India) 15th January Army Day (India) 16th Read more…
Continent Africa Continent Africa is the second largest continent in terms of area after Asia. It covers an area of 30,065,000 sq. km. It is also the second most populous continent after Asia. It covers 6% of Earth’s total area and 20% of its land area. The continent is surrounded Read more…
Buddhism: Teaching, Spread, Causes for Decline and contribution to Indian Culture Causes of origin of Buddhism: The complex rituals and sacrifices during the later Vedic period were not acceptable to common people. Expansive Sacrificial ceremonies. The confusion of people about the ‘superstitious beliefs and mantras’. The highly philosophical nature of Read more…