India’s Industrial Policies in ‘State’
Context A draught of a new industrial policy for India, titled ‘Industrial Policy 2022—Make in India for the World,’ was recently circulated for public comment. Relevance: GS Paper -3: Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth. Mains Questions Why is it so difficult to develop and […]
Foreign Contribution (Regulation) Act (FCRA)
Context: The Union government said that certain non-governmental organisations (NGOs) were trying to “change the demography” of the country through foreign funding and this would not be allowed. Relevance: GS-II: Polity and Governance (Government Policies & Interventions, Non-Governmental Organisations -NGOs), GS-III: Indian Economy (External Sector, Mobilization of Resources) Dimensions of the Article: What is the […]
What Is A Surety Bond?
Focus: GS III: Indian Economy Why in News? Union Minister for Road Transport and Highways launched one of India’s first-ever Surety Bond Insurance product from Bajaj Allianz. What is a Surety Bond? IRDAI guidelines for surety bonds:
Decriminalisation of Offences Under GST
Context: Recently, The 48th GST Council meeting was chaired by Finance Minister recommended to decriminalise certain offences under Section 132 of the Central Goods and Services Tax (CGST) Act, 2017. Relevance: GS III: Indian Economy Dimensions of the Article: GST Council Matters on which GST Council makes recommendations What was previously criminalised under GST? Tax […]
Open Network for Digital Commerce
Focus: GS III- Indian Economy Why in News? Open Network for Digital Commerce (ONDC) will charge a “small fee” from platforms that will contribute towards “maintenance and development” of the network. About Open Network for Digital Commerce (ONDC) project The main aims of ONDC are to: Department for Promotion of Industry and Internal Trade (DPIIT) What is […]
Pradhan Mantri National Apprenticeship Melas
Focus: GS III- Growth and Development Why in News? As a part of Prime Minister vision to boost career opportunities for India’s youth under Skill India Mission, the Ministry of Skill Development and Entrepreneurship (MSDE) will hold the Pradhan Mantri National Apprenticeship Mela (PMNAM) on December 12th, 2022, across 197 locations in 25 states and […]
Sustained Growth in Remittances
Context: Remittances to India are set to touch a record $100 billion in 2022, according to the World Bank’s latest Migration and Development Brief titled, ‘Remittances Brave Global Headwinds’. India received $89.4 billion in 2021 — this is the first time a country will reach the $100 billion mark. Relevance: GS III: Indian Economy Dimensions […]
About RoDTEP scheme
Focus: GS III- Indian Economy Why in News? Taking a major step to boost exports, Centre further expanded the scope of RoDTEP Scheme (Remission of Duties and Taxes on Exported Products) by including the exports made from the Chemical sector, Pharmaceuticals sector and exports of articles of iron & steel About RoDTEP scheme: Need for the RoDTEP […]
First Loss Default Guarantee (FLDG) system
Context: Two months after the RBI issued guidelines on digital lending, banks, NBFCs and fintech players are still awaiting clarity on many aspects, including the First Loss Default Guarantee (FLDG) system. Relevance: GS III: Indian Economy Dimensions of the Article: What is FLDG System? Issues with FLDGs -Source: The Hindu
UPI Market Cap Deadline
Context: The National Payments Corporation of India (NPCI) has extended by two years the deadline to comply with its 30 per cent cap on the market share of platforms operating on the Unified Payments Interface (UPI). Relevance: GS III: Indian Economy Dimensions of the Article: What is Unified Payments Interface (UPI)? Why did NPCI extend […]