SAHAKAR COOPTUBE NCDC CHANNEL
Focus: GS-III Indian Economy, GS-II Governance Why in news? Union Minister of Agriculture & Farmers’ Welfare launched the YouTube Channel “Sahakar Cooptube NCDC India”, a new initiative by National Cooperative Development Corporation (NCDC). Sahakar Cooptube NCDC Channel The channel will focus on encouraging youth and farmers to learn about the benefits of cooperatives. It will […]
LACK OF JOBS FORCES RURAL MIGRANTS TO SEEK FUTURE IN CITIES
Focus: GS-III Indian Economy Why in news? A survey of households from rural India across 11 states, to assess the impact of the lockdown and how the hinterland is unlocking, points towards reverse migration, prompted by absence of skilled employment in villages, and is reflected in nearly 2/3rd of migrants having either returned to cities […]
THE GOVT, AND RBI FACE A TRILEMMA REGARDING PSBS
Focus: GS-III Indian Economy What is the trilemma? The sovereign (government) and the regulator (RBI) face a trilemma: It is clear that it is not possible to: have dominance of government banks (public sector banks) in the banking sector; retain independent regulation; and adhere to public debt-gross domestic product (GDP) targets. The government along with […]
FDI IN COMMERCIAL COAL MINING
Focus: GS-III Indian Economy, Industry and Infrastructure Why in news? With reference to the ongoing auction process of coal mines for commercial coal mining in India: Foreign Direct Investment (FDI) Policy, 2017 was amended in 2019 to permit 100% FDI under automatic route in coal mining activities. Details The Auctioning process for coal mines for […]
PLI SCHEME: MOBILE PHONE AND ELECTRONICS MANUFACTURING
Focus: GS-III Indian Economy Why in news? Union Minister for Electronics & IT, Communications said that the Production Linked Incentive Scheme (PLI) has been huge success in terms of the applications received from Global as well as Domestic Mobile Phone manufacturing companies and electronic components manufacturers. Details Production Linked Incentive Scheme (PLI)for Large Scale Electronics […]
EUROZONE AND U.S. SEE RECORD ECONOMY CONTRACTION
Focus: GS-III Indian Economy Why in news? The economy of the 19-country eurozone shrank by a devastating 12.1% in the April-June period which is the largest drop on record. The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country. Details Spain, […]
CORE SECTOR OUTPUT SHRINKS, FISCAL DEFICIT AT 83% OF TARGET
Focus: GS-III Indian Economy Why in news? The output of eight core sector industries shrank for the fourth straight month. The Centre’s fiscal deficit for the first three months of fiscal 2020-21 is 83% of the budgeted target for the year. Core Industries Index (CII) The CII showed that the output for the month of […]
ARHCS KNOWLEDGE PACK RELEASED
Focus: GS-III Indian Economy Why in news? Ministry of Housing and Urban Affairs (MoHUA) released a ARHCs Knowledge Pack (AKP). Recently the Union Cabinet approved Affordable Rental Housing Complexes (ARHCs) as a sub scheme under Pradhan Mantri Awas Yojana (Urban) to provide ease of living to urban migrants/poor. A mobile application of CREDAI – Awaas […]
15th FC’S HLEG ON AGRICULTURAL EXPORTS
Focus: GS-III Indian Economy Why in news? The High-Level Group (HLEG) on Agricultural Exports set up by the Fifteenth Finance Commission to recommend measurable performance incentives for States to encourage agricultural exports and to promote crops to enable high import substitution, has submitted its report to the Commission. Highlights of the recommendations After intensive research […]
AIM-ICREST
Focus: GS-III Indian Economy Why in news? NITI Aayog’s Atal Innovation Mission (AIM), has launched AIM iCREST – an Incubator Capabilities enhancement program for a Robust Ecosystem focused on creating high performing Startups. Significance AIM iCREST is a first of its kind initiative for advancing innovation at scale in India, to encourage and enable holistic […]