ON THE FRONT FOOT

Why in news? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided at a meeting  to keep the interest rates unchanged in the wake of a rise in inflation, but emphasised that there would be space for rate reduction The introduction of one- and three-year term repos at policy rate of 5.15% […]

VIRAL ECONOMIES

Why in news? The global economy appears headed for uncharted, troubled territory because of the second wave of the coronavirus that has now spread to countries as far apart as Nigeria and New Zealand Financial impact of COVID The virus has crippled global supply chains, hit air travel and convulsed markets as it appears all set to adversely impact the U.S. […]

REIMAGINING OUR ECONOMIC CHOICES

Introduction to our choices The COVID-19 pandemic will reshape all our economic choices. Nations have made a crucial choice in recent weeks, choosing human life over economic growth. Governments including ours have mandated lockdowns to slow the pandemic, relieve the pressure on their hospitals and save lives. Economics is about choices, a study of ‘human […]

MAKING THE PRIVATE SECTOR CARE FOR PUBLIC HEALTH

As the battle against COVID-19 continues in India, it is unclear how well prepared the healthcare system is in dealing with the pandemic. There exist resource constraints at both the Central and State governments and it is clear that government hospitals alone will not be able to manage the fallout. Moreover, even within the government […]

Cabinet approves construction of Aligarh-Harduaganj flyover

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved the construction of Aligarh-Harduaganj flyover. The construction of the flyover will be taken up by the Ministry of Railways.  Aligarh-Harduaganj flyover: The total length of the Aligarh-Harduaganj railway flyover will be 22 Km.  The construction of teh flyover is expected to be completed by 2024-25. The total cost estimated for […]

UNNAT BHARATH ABHIYAN

The main objectives of Unnat Bharat Abhiyan (UBA) are as under:  To engage the faculty and students of Higher Educational Institutions (HEIs) in identifying development issues in rural areas and finding sustainable solutions for the same. Identify & select existing innovative technologies, enable customisation of technologies, or devise implementation method for innovative solutions, as required […]

Efforts to Boost Defence Sector

Industrial licensing: Industrial licensing regime for Indian manufacturers in Defence sector has been liberalized.  Defence Products list requiring Industrial Licences has been rationalised and manufacture of most of the parts and components does not require Industrial Licence. The total number of Defence licences issued has more than doubled since 2014 FDI: FDI Policy has been […]

NARI SHAKTI PURASKAR

Ministry of Women and Child Development awards “Nari Shakti Puruskars” every years from the year 2016. 20 Nari Shakti Puruskars shall be conferred every year. The awards will be conferred on 8thMarch on the occasion of International Women’s Day (IWD). The Award in each category shall carry a Certificate and a cash amount. The award […]

NEVF (North East Venture Fund)

The North East Venture Fund (NEVF) was formally launched in 2017 with joint efforts from Ministry of Development of North Eastern Region (DoNER) and North Eastern Development Finance Corporation Ltd (NEDF) to encourage entrepreneurs and Start-ups and to empower entrepreneurs from the North Eastern Region (NER). It is a close ended fund with capital commitment […]

DOUBLING FARMERS INCOME

Why in news? The National Sample Survey Office (NSSO) report for 2013-14, farmers’ average monthly income stood at Rs. 6,426. At present as per the last survey available for 2016-17, it stands at Rs. 8,167. India’s plan to Increase Farmers’ Income National Commission for Farmers was constituted in 2004, chaired by Prof. M. S. Swaminathan, […]