Global recovery continues, but at an ever slowing and increasingly fragile pace – In 2015, the volume of world trade continued to grow slowly, recording weak but positive growth of 2.7%. Demand in global market across sectors, remains muted but amid a slowdown, India’s textile sector managed to grow approx 1% in Financial Year 2016.

In India, black money refers to funds earned on the black market, on which taxes have not been paid. In February, 2012, director of CBI said that Indians have US $ 500 bn of illegal funds in foreign tax havens. To curb this black money government had tighten is belt and shown its commitment to tackle this menace by

Introduction

• The Department of Science & Technology, Government of India, serves as the nodel agency for all government led initiatives that create and strengthen the science & technology in our country.
• The DST accordingly co-ordinates with several other department,