THE COVID-19 FISCAL RESPONSE AND INDIA’S STANDING
Focus: GS-III Indian Economy Introduction Before the announcement of the Atmanirbhar Bharat package, India lagged significantly behind comparable developing countries that are similar in GDP per capita, state capacity, and structure of the labour force. For example, the total Atmanirbhar package is billed at 10% of GDP, but others have estimated that the new fiscal […]
ZORAM MEGA FOOD PARK
Focus: GS-III Indian Economy Why in news? The Zoram Mega Food Park (MFP) in Mizoram was inaugurated by Minister of Food Processing Industries. This is the first Mega Food Park operationalized in the State of Mizoram. Under the Mega Food Park Scheme, Government of India provides financial assistance upto Rs. 50.00 Crore per Mega Food […]
CONSUMER PROTECTION ACT, 2019
Focus: GS-III Indian Economy Why in news? The Consumer Protection Act,2019 comes in to force from 20th July 2020. This new Act will empower consumers and help them in protecting their rights through its various notified Rules and provisions like Consumer Protection Councils, Consumer Disputes Redressal Commissions, Mediation, Product Liability and punishment for manufacture or […]
CPI FOR AGRICULTURAL AND RURAL LABOURERS
Focus: GS-III Indian Economy Why in news? The All-India Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers for the month of June, 2020 decreased by 1 points each. Details The major contribution towards the fall in general index of Agricultural Labourers and Rural Labourers came from food. Consumer Price Index (CPI) Consumer Price […]
CURRENT ACCOUNT SURPLUS MAY NOT BE ALL GOOD NEWS
Focus: GS-III Indian Economy Why in news? India registered a current account surplus of $558 million in Q4FY20, the first quarterly surplus since 2007. How do we define the current account? The Current Account captures the net trade in goods and services, net earnings on investments, and net transfer payments over a period of time, […]
HIGH REAL INTEREST RATES AND INVESTMENTS IN INDIA
Focus: GS-III Indian Economy Introduction: What was done so far? Boosting manufacturing is seen as India’s best chance to create jobs for the thousands that enter the job market each year. To enable Indian businesses to boost productive capacity — either by augmenting existing factories or laying down new factories — the government sharply cut […]
THE GREAT INDIAN GROWTH MIRACLE
Focus: GS-III Indian Economy Introduction India saw an unprecedented growth surge for more than three decades since the historic contraction of 1979, when India’s gross domestic product (GDP) contracted by more than 5% for the first time since independence. The growth surge survived a balance-of-payments crisis, stock market scams, and multiple phases of political instability, […]
HIRING OPTIMISM GROWS AS DEMAND GATHERS PACE
Focus: GS-III Indian Economy Why in news? India’s formal jobs market seems to be stabilizing and hiring is expected to pick up over the 6-month period after July 2020. However, the recovery seems to be uneven with most opportunities emerging from sectors that were least affected by the coronavirus lockdown. Details Several industries such as […]
PRIVATE UNITS VOICE CONCERN OVER IMPORTS OF SMALL ARMS
Focus: GS-III Indian Economy, Internal Security Challenges Why in news? With Army taking a decision to order another 72,400 assault rifles from Sig Sauer of the U.S., domestic small arms manufacturers have expressed concern over continuing imports. Details The official said Indian companies are not considered for deals through Fast Track Procurement (FTP), which is […]
TAMIL NADU: INDIA’S TOP INVESTMENT DESTINATION
Focus: GS-III Indian Economy Why in news? Tamil Nadu has emerged as the country’s top investment destination in the first quarter of this financial year, even as overall fresh investment announcements in India slumped to the lowest in five years amidst a period marred by the extended pandemic-induced lockdown. Details Tamil Nadu accounts for almost […]