GK Economy

Deccan Aviation merged with Kingfisher Airlines in 2008. This was a strategic acquisition where Kingfisher acquired Deccan Aviation to expand its market presence in the Indian aviation sector.

Rural Electrification Corporation (REC) was established in 1969 as a public sector enterprise under the Ministry of Power to finance and promote rural electrification projects in India.

Residex is India's first home price index launched by the National Housing Bank (NHB) in 2007. It tracks movement in prices of residential properties across major cities in India, making it associated with land prices.

The Railway Budget was separated from the General Budget in 1924-25 based on the recommendations of the Acworth Committee. This separation continued until 2017 when it was merged back with the Union Budget.

2006-07 was declared as the 'Year of Passenger Service with a Smile' by the Ministry of Railways under Minister Lalu Prasad Yadav. This initiative aimed to improve passenger experience and service quality across Indian Railways.

1921 is known as the 'Great Division Year' or 'Year of Great Divide' in India's population history because it marked a significant demographic transition - the death rate began to decline sharply while birth rates remained high, leading to rapid population growth in subsequent decades.

Manufacturing has the maximum weight (approximately 75-80%) in the Index of Industrial Production (IIP) in India. This is because manufacturing is the largest component of industrial activity, followed by mining and electricity.

Maize is a Kharif crop sown at the beginning of the monsoon and harvested in September-October. Wheat, gram, and barley are Rabi crops sown in winter and harvested in spring.

ECOMARC is an eco-label certification mark used in India to indicate that goods are environmentally friendly and safe for the environment. It certifies products that meet specific environmental standards throughout their lifecycle.

Debt is considered a stock variable in economics because it represents the accumulated value of borrowing at a specific point in time, not a flow over time. Stock variables are measured at a point in time, while flow variables are measured over a period of time.

The 2008-09 Indian Union Budget allocated approximately 11% of total expenditure to defense. This figure represents the proportion of the budget dedicated to military and defense-related spending.

The Mistry Committee (2006) recommended full rupee convertibility on the capital account by 2010-11, building on earlier Tarapore Committee recommendations. This was part of India's gradual liberalization of capital flows.

The International Development Association (IDA) is the World Bank's 'soft loan window,' providing concessional loans and grants to the poorest countries. IDA offers zero or low-interest loans with longer repayment periods compared to IBRD loans.

The Human Development Report 2006, published by UNDP, focused on water crisis with the theme 'Beyond Scarcity: Power, Poverty and Global Water Crisis.' This report highlighted how water scarcity exacerbates poverty and inequality worldwide.

Reliance Power, part of the Anil Ambani Group, brought the largest IPO in India's power sector in 2008. The IPO was oversubscribed and raised significant capital for power generation projects.

Blue Revolution refers to the growth of fisheries and aquaculture in India, similar to how Green Revolution transformed agriculture. It aims to increase fish production through modern farming techniques and sustainable practices.

The World Bank headquarters are located in Washington DC, USA. This is where the main offices of both the World Bank and IMF are situated, though they have country offices worldwide.