Junior Science refresher

Junior Science refresher

Junior Science refresher Published this article page no  65  WORLD ECONOMIC SITUATION AND PROSPECTS (WESP) REPORT  Recently United Nations Department of Economic and Social Affairs (UNDESA) United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions jointly released WESP report. About the Report  It is an annual UN flagship publication on the state of the world economy viewed through the lens of the 2030 Agenda for Sustainable Development.  Global growth slowed to a 10‐year low of 2.3% in 2019 with a modest uptick projected at 2.5% in 2020 and 2.7% in 2021.  Report warns that economic risks remain strong aggravated by deepening political polarization and increasing scepticism about the benefits of multilateralism. Key points related to India  In India the rate of economic expansion fell sharply from 6.8 per cent in 2018 to 5.7 per cent in 2019 owing to slackening investment subdued consumer sentiment and weak manufacturing and services growth.  In India more than 40 per cent of youth are not in education employment or training. NO IMPORTS IN OTHERS CATEGORY WITHOUT HSN CODE  Every traded product is categorized under a Harmonised System of Nomenclature code (HSN). Imports termed others do not have HSN codes and are often tagged along with parts and accessories of categorized goods.  Ministry of Commerce and Industry will impose high duty on all products categorized as others if they are not carrying the specific globally accepted HSN code Junior Science refresher buy. 

Junior Science refresher