Kwar Hydroelectric Project
Context: The Cabinet Committee on Economic Affairs (CCEA) has approved the 540-megawatt Kwar hydroelectric project on the Chenab in Kishtwar district of Jammu and Kashmir. Relevance: GS III- Indian Economy (Infrastructure) Dimensions of the Article: What is the Kwar Project? Chenab River What is the Kwar Project? This project, which is part of the Indus basin, […]
Export Credit Guarantee Corporation of India
Context: ECGC Ltd., the government enterprise that provides export credit insurance, will soon approach the Reserve Bank of India for approval to deal in foreign currency for the benefit of exporters. Relevance: GS III- Indian Economy Dimensions of the Article: What is ECGC? Functions of ECGC Facilities by ECGC What is ECGC? ECGC stands for […]
MSME Sustainable (ZED) Certification Scheme
Focus: GS III- Indian Economy (Effects Of Liberalization On The Economy) Why in News? The Union Ministry for Micro, Small and Medium Enterprises has launched the MSME Sustainable (ZED) Certification Scheme. MSME Sustainable (ZED) Certification Scheme This Scheme is a multi-pronged effort to help MSMEs embrace Zero Defect Zero Effect (ZED) practises. Its goal is […]
State of (un)employment in India
Context Data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s Labour Force Participation Rate (LFPR) has fallen to just 40% from an already low 47% in 2016. Relevance GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Dimensions of the Article What is LFPR? What is the significance […]
State of (un)Employment in India
Context: Data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016. This suggests not only that more than half of India’s population in the working-age group (15 years and older) is deciding to sit out of the job […]
PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi)
Focus: GS-II Social Justice, GS-III India Economy Why in News? The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi, today has approved the continuation of lending under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) beyond March 2022 till December 2024, with focus on enhanced collateral free affordable loan […]
Production Linked Incentive (PLI) Scheme for White Goods
Focus: GS III- Indian Economy Why in News? Nineteen companies have filed applications for Production Linked Incentive (PLI) Scheme for White Goods (ACs and LED Lights) in the 2nd Round of Applications with committed investments of Rs 1,548 crore. Key points: The prime objective of the PLI scheme is to make manufacturing in India globally competitive by removing sectoral […]
Revamped FAME-II scheme
Focus: GS III- Indian Economy (Infrastructure) Why in News? Price Bids of the Grand Challenge tender process under the remodeled FAME II scheme for electric buses were opened by Ministry of Heavy Industries About FAME-II FAME India is a part of the National Electric Mobility Mission (NEMM) Plan. Main thrust of FAME is to encourage electric vehicles […]
Direct Tax Collections Surge in FY22
Context: India’s net direct tax collections amounted to ₹14,09,640.83 crore for FY22, which is the highest collection ever, signaling that the Indian economy has bounced back after two years of the pandemic. Relevance: GS III- Indian Economy Dimensions of the Article: Details About Direct Tax in India About Central Board of Direct Taxes (CBDT) Details: […]
India 3rd Highest Military Spender
Context: World military spending continued to grow in 2021, reaching a record $2.1 trillion despite the economic fallout of the pandemic, according to new data on global military spending published by the Stockholm International Peace Research Institute (SIPRI). Relevance: GS III- Indian Economy (Issues relating to planning, mobilization of resources) Dimensions of the Article: Top […]