Economy

Effects: Negative: All major industries getting affected such as Hospitality, tourism, Aviation will be directly impacted because of low demand. Gig economy affected mostly and it will lead to loss of Jobs and unemployment rate will increase. Export Industries will show loss in the forthcoming period due to reduction in the demand of export goods. … Read more

It is anew Umbrella Scheme “Pradhan Mantri AnnadataAaySanraksHan Abhiyan’ (PM-AASHA).  The Scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018. The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of   Price Support Scheme (PSS): … Read more

As a host of emerging technologies change the future of work, a massive disruption is facing the IT-ITES industry today. Of the 4.5 m people employed in the industry today, 1.5 -2 m are expected to require reskilling in the next 4-5 years. A decoupling of revenue and headcount growth is visible even today and … Read more

Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country. It is computed by aggregating the distance to frontier scores of different economies. The distance to frontier score uses the ‘regulatory best practices’ for doing … Read more

With an aim to create a $400-billion electronicsmanufacturing industry & generate 1 cr jobs by2025, the Ministry of Electronics and InformationTechnology (MeitY) has come out with the draft‘National Policy on Electronics 2018’ (NPE 2018). Initiatives taken for Electronic System Design &Manufacturing (ESDM) Sector in India Electronics Manufacturing Clusters: To overcome disadvantages due toinfrastructure, EMC was … Read more

It is a project to provide the clean energy in eastern part of the country. The gas pipeline will pass through 50 district in the state of Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal. It is a two phased Project which was launched in 2016 also known as Jagdishpur-Haldia and Bokaro dharma natural gas … Read more

Positives: Low Import Bill Low pressure on Current account deficit. Ease in the balance of Payment. Ease of pressure on Inflation. Low price for consumer if the lower price effect pass on and High revenue for centre and states if the effect doesn’t pass on to the consumer. Money saved can be utilised for social … Read more

Reasons are as follows: Low expenditure per GDP in the Higher education as compared to other countries. Low investment in Research and development sector by the Government and the private Industries. Lack of autonomy and excessive government regulation Curriculum are anachronistic in nature. Lack of diversity in terms of course offered. Limited investment from High … Read more

SHAKTI: Coal linkage policy named SHAKTI or the Scheme to Harness and Allocate Koyla (Coal) Transparently in India. Salient Features of the policy   This policy will award fuel supply agreements to coal plants already holding letters of assurance (LoAs). It is issued to new consumers on being approved by the appropriate authority, based on … Read more

InVITS:  An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the … Read more