About Semiconductor Industry

Context: In a bid to make India’s $10 billion chip-making initiative more attractive to investors, the Centre, approved changes to the scheme for the development of a semiconductor and display manufacturing ecosystem. Relevance: GS III: Indian Economy Dimensions of the Article: About Semiconductor industry What are the changes to India’s chip-making scheme? What are the […]

International Year of Millets 2023

Focus: GS III: Indian Economy Why in News? A series of pre-launch events and initiatives have been organized by the Ministry of Agriculture and Farmers Welfare as a run-up to the International Year of Millets 2023 to create awareness and a sense of participation in the country around the ancient and forgotten golden grains. Many events were […]

National Logistics Policy in India

Context: Prime Minister announced the National Logistics Policy, aimed at easing the movement of goods and boosting the trade sector in the Indian economy. Relevance: GS III: Indian Economy Dimensions of the Article: What was the need for a logistics policy? Features of the National Logistics Policy How is the government focusing on improving logistics? […]

Ban On The Export of Broken Rice

Context: Recently, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. Relevance: GS III: Indian Economy Dimensions of the Article: Details What does it have to do with inflation? What […]

Financial Stability and Development Council

Financial Stability and Development Council

Focus: GS III- Indian Economy Why in News? Recently, the Union Minister of Finance and Corporate Affairs chaired the 26th Meeting of the Financial Stability and Development Council (FSDC). Highlights: The council placed a strong emphasis on issues such as improving the effectiveness of the current financial and credit information systems, early warning indicators for the economy […]

Windfall Tax By The Government

Context: Recently, Finance Minister defended the windfall tax imposed by the Centre on domestic crude oil producers, saying that it was not an ad hoc move but was done after full consultation with the industry. Relevance: GS III: Indian Economy Dimensions of the Article: What is a windfall tax? Why are countries levying windfall taxes […]

PLI Scheme for Large-Scale Electronics Manufacturing

Focus: GS III: Indian Economy Why in News? Recently, the first-ever disbursement has been approved by the empowered Committee in Production Linked Incentive (PLI) scheme for mobile manufacturing under ‘Large-Scale Electronics Manufacturing’ sector. About  PLI scheme for Large-Scale Electronics Manufacturing It is mapped to the Union Ministry of Electronics and Information Technology (MEITY). The PLI scheme […]

Sharp Slide In Global Oil Prices

Context: Brent crude prices have fallen sharply over the last ten days, the prices have declined to under USD 90 per barrel. While they were trading at around $110 per barrel in July,2022. Relevance: GS III: Indian Economy (Growth and Development) Dimensions of the article: What led to the sharp slide in Global Crude Oil […]

Purchasing Managers Index

Context: The services sector rebounded in August from a four-month low in July and created the most jobs in 14 years as input cost pressures eased to the slowest pace in 11 months, as per S&P Global India Services Purchasing Managers’ Index (PMI), which expanded to 57.2 last month, from July’s 55.5. Relevance: GS-III: Indian […]

India Surpasses UK As The 5th Largest Economy

Context According to Bloomberg’s most recent calculations, India has surpassed the United Kingdom to become the world’s fifth-largest economy in late March 2022. This news came at a time when Prime Minister Modi urged the countrymen to resolve to become a developed country by 2047 during his 2022 Independence Day speech. Relevance GS Paper 3: […]