Syllabus: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Context The Department of Animal Husbandry and Dairying is implementing Rashtriya Gokul Mission (RGM) for development and conservation of indigenous breeds, genetic upgradation of bovine population and enhancement of milk production and productivity of bovines …
Read More »NATIONAL HANDLOOM DAY
Context: National Handloom Day is observed across India on August 7 every year. The primary goal of celebrating Handloom Day is to promote handloom and to recognize the efforts as well as skills of the community of weavers engaged in the sector. National Handloom Day 2023 The National Handloom Day was first observed in …
Read More »Deep tech startups taking brave risks
Syllabus: Indian Economy Development & Employment Context The Great Indian Startup Boom of the last decade, led by young entrepreneurs and catalysed by the government’s Startup India movement, created an environment of entrepreneurship in India. The Startup movement is not limited to metro cities, but has successfully captured the imagination …
Read More »CIRCULAR ECONOMY
Resource Efficiency Circular Economy Industry Coalition (RECEIC) was recently launched on the sidelines of the fourth G-20 Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate Ministers’ meeting. Circular Economy Circular Economy aims to eliminate all forms of junk from the market. Junk refers to any inefficient utilization of resources or assets. It is …
Read More »Consideration on Imposing Customs Duty on Chinese Stainless Steel
The Ministry of Steel has written to the Finance Ministry asking it to look at the possibility of levying customs duty on Chinese stainless steel shipments coming into India. Such a duty will benefit the domestic stainless steel industry which has been badly hit by such imports and is “facing …
Read More »Taming Inflation
The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. CPI-based provisional inflation With food prices becoming unmoored and spiralling up, June’s CPI-based provisional inflation reading …
Read More »‘HIGH-RISK’ FPIS
SEBI floated a consultation paper mandating additional disclosure norms from high-risk foreign portfolio investors (FPIs) that have either concentrated single group exposures and/ or significant overall holdings in their India equity investment portfolio. There is a need for additional disclosures for certain types of FPIs in order to have greater investor protection, and …
Read More »GOVERNMENT PLANS TO REDUCE IMPORT TAX ON SOLAR PANEL
India is considering cutting its import tax on solar panels by half and is seeking a rollback in goods and services taxes on the devices. The decision is aimed to make up for the shortfall in local output amid rising demand for renewable energy. Government plans to cut the import tax on solar panels from 40% …
Read More »INDIA’S GROWTH MOMENTUM TO SUSTAIN IN FY24.
According to Reserve Bank of India (RBI) Annual Report 2022-23, India’s growth momentum is likely to be sustained in 2023-24. Highlights of the RBI annual Report: According to RBI, in the atmosphere of easing inflationary pressures, Indian economy will be supported by: Sound macroeconomic policies Softer commodity prices A robust financial sector …
Read More »INDIA’S EXPORTS AND IMPORTS SHRINK ACROSS MANY NATIONS FOR MOST ITEMS
In continuation of the declining trend that has been observed since June last year, India’s exports and imports continue to shrink across many nations for most items. Details: The imports have declined more than the exports thus narrowing the trade deficit. While the decline in exports was widespread, affecting most of the major …
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